Thursday, October 5, 2023

One mechanism was a foreign remittances tax, but Paul Waldman and Donald Trump just leave that out

 Here:

When he ran for president in 2016, few of Donald Trump’s promises thrilled his supporters more than his pledge not just to build a wall on the southern border, but to force Mexico to pick up the tab. “And who’s going to pay for it?” he’d say at his rallies. The crowd would shout back joyfully, “Mexico!” It wasn’t about the money; the point was to conjure a fantasy of America standing tall and dominating our neighbor; their humiliation would be our glory.

A fantasy is just what it was, as Trump now admits. At a speech in Iowa on Sunday, he blurted out the truth. “When you hear these lunatics back there,” he said, pointing at the news media, “say, ‘Trump didn’t get anything from Mexico,’ well, you know, there was no legal mechanism. I said they’re going to help fund this wall, but there was no legal mechanism. How do you go to a country, you say, ‘By the way I’m building a wall, hand us a lot of money.’”

Of course it was about the money. Everything is about the money.

It wasn't a fantasy to neoliberal Bush 43 pal Vicente Fox, who took it seriously enough at the time when Trump first proposed to make Mexico pay that he wouldn't pay.

This is revisionist history by Trump and by Waldman, which pretends there was no Border Wall Funding Act of 2017, nor serious elite opposition to its provision for a foreign remittances tax.

Trump would simply like to erase the history of his phony immigration promises, and Waldman would simply like no one to entertain seriously the particulars, which show there is a giant pot of money easily taxed to pay for border security.

Foreign remittances to the Latin South reached $142 billion in 2022, and Mexico's share was $60 billion.

The government of the United States farts away billions of dollars every minute of every day. Funding a $25 billion wall is a flea on that elephant's back. The fierce opposition to it is the thing of real size.




 

 

Tuesday, October 3, 2023

Republicans barely control one half of the legislative branch and eight of 'em decide to eat each other instead of to live to fight again in 45 days

 Brilliant, just brilliant.

McCarthy removed as speaker 216-210.

The roll call vote is here.

Eight Republicans joined 208 Democrats to depose McCarthy as Speaker.

the eight Republicans who voted to oust McCarthy as Speaker included that slut Nancy Mace

not even that Scrooge Thomas Massie voted to depose McCarthy

Nancy Pelosi had just enough class not to vote at all

 


It's a good thing California's new senator from Maryland was appointed because those voting machines, you know, are unreliable in her opinion

 


Multimedia journalism major with a minor in Spanish says it's a good time to buy bonds

It's a Good Time To Buy Bonds. Just Know What You're Getting Into

At least she doesn't have degrees in English literature and philosophy like that John B. Chambers bond expert who downgraded the USA from AAA for S&P back in 2011.

I mean, she's a Wall Street Journal Fellow after all, where they still have some standards.

Hunter Biden pleads not guilty to gun charges

 


How many Congressional Democrat carjackings have to occur in DC before they call it an insurrection?

 

Texas congressman carjacked in Navy Yard by 3 armed suspects, staff says 

There have been 750 carjackings in D.C. so far this year, according to police data. That is nearly double the number of carjackings at this time last year.

 

Julie Kelly points out that Matthew M. Graves has prosecuted 1,100 so-called insurrectionists, none of whom have been charged with it, and that his wife Fatima Goss is the left wing harridan your daddy warned you about

 

Sunday, October 1, 2023

Fox Business' broad inflation report contained an error

 Here's Megan Henney, September 29th :

An inflation measure closely watched by the Federal Reserve ticked higher in August as steep prices continue to squeeze millions of U.S. households.

The personal consumption expenditures (PCE) index showed that consumer prices rose 0.4% from the previous month, according to the Labor Department. On an annual basis, prices climbed 3.5% — up from 3.3% recorded the previous month, underscoring the challenge of taming high inflation.

She's referring to PCEPI. 

That measure isn't up from 3.3% the previous month. It's up from 3.4%, and 3.2% the month before that.

Jeff Cox at CNBC got it right, same day, as usual:

Including food and energy, headline PCE increased 0.4% on the month and 3.5% from a year ago. Headline inflation has been creeping higher in recent months after hitting 3.2% in June.

Forbes also had it right, because it actually checked the most recent data, which Fox evidently did not:

The most recent PCE price index data was released on September 29, 2023, covering the month of August. The headline August PCE inflation figure was +3.5% year over year, which was up slightly from the revised annual rate of +3.4% in July.



 

 

 

Dear Progressives,


 

Three of 9 Target store closings are in progressive shit-hole Portland OR, CNN story gives them just 4 paragraphs at the end

 Here.

Nobody wants to talk about the shit-hole progressives have made out of Portland, which first came to light nationally when the place erupted after the death of George Floyd.

The hallmark of progressive rule in Portland is that the justice system in their hands won't prosecute crimes, so the police are demoralized and now have interminable staffing problems. Who wants to arrest the same people over and over again knowing they'll just have to arrest them again over and over?

Crime has exploded :

The murder rate in Portland is 1.85 times the US rate.

The robbery rate is 2.85 times the US rate.

The assault rate is 1.8 times.

The burglary rate: 2.56 times.

The theft rate: 2.7 times. 

The motor vehicle theft rate is 5.3 times the US rate.

There are nearly 11 times the crimes per square mile overall in Portland than the national median.