Sunday, March 16, 2025

The United States consumed 20.25 million barrels of oil per day in 2023, 3.88 million of which come from Canada and 3.38 million from Alberta lol


 

  What could possibly go wrong?

... Canada is the fourth largest oil producer in the world and Alberta is the country’s biggest producer. Some 97% of the country’s 4 million bpd of oil exports went to the U.S. in 2023 with several European nations and Hong Kong taking the remainder, according to Canada’s energy regulator. Alberta supplied 87% of the oil exported from Canada to the U.S. in 2023. ...

[Alberta Premier Danielle] Smith said Canada is looking at three different pipeline proposals to its West Coast, at least one pipeline into the Northwest Territories, one into Manitoba, one to the Hudson Bay, and one into Eastern Canada.

“Those are conversations we were not having three months ago,” [provincial energy minister Brian] Jean said of the pipelines. ...

More.

Friday, March 14, 2025

LOL, 8 Senate Democrats were Yea before they were Nay: 9 Senate Democrats and 1 Independent broke their own filibuster to advance the House Republican continuing spending resolution to a floor vote against which 8 of them then voted as it passed on a simple majority

 8 Democrats: "See, we voted against it!"

The Senate filibuster is indeed a magical, wonderful, horrible, no good thing. It makes you collect 60 votes to end debate, but then you can vote to make yourself look good right after you betrayed your friends.

Senate passes GOP funding bill to avert a government shutdown

The Senate passed a six-month funding bill Friday to avert a government shutdown hours ahead of the midnight deadline, sending it to President Donald Trump to sign into law.

The vote was 54-46, with two Democrats joining all but one Republican in voting yes. Earlier Friday, the bill cleared a key procedural hurdle with the help of 10 Democrats in a 62-38 vote. Sixty votes were needed to defeat a Democratic filibuster.

The votes came after a dramatic 48-hour period during which Senate Minority Leader Chuck Schumer, D-N.Y., broke with most House and Senate Democrats, announcing he would support moving forward on the bill one day after he declared it didn’t have the votes. Schumer ultimately voted no on final passage of the legislation.       

The cloture motion roll call 62-38 is here showing the nine Democrats and one Independent vote Yea to defeat their own filibuster.

The final passage roll call 54-46 is here showing eight of the ten, all Democrats, voting their phony Nays: Cortez Masto, Durbin, Fetterman, Gillibrand and Schumer, Hassan, Peters, and Schatz.

Peters, who voted Yea and then Nay, isn't running again next year, and neither is Shaheen, who really didn't care and voted Yea both times with King the Independent.

Rand Paul voted Nay Nay!

 


 


















Nay Nay is good.


 

Federal outlays in fiscal 2025 will be almost 200% higher than the 1982 outlays adjusted forward to today's dollars

 I've heard the Drain the Swamp bullshit since Reagan's Grace Commission in 1982, when federal outlays were $745 billion.

That's the equivalent of ~$2.5 trillion today, yet actual outlays will be $7.3 trillion in fiscal 2025.
 
DOGE can't possibly close that gap.
 
It's not called Leviathan for nothing.
 
Only one thing can fix it.
 
 

 

J. D. Vance in September 2021, a year before becoming US Senator from Ohio, is the brains behind Trump seizing the administrative state and firing everybody, Elon Musk is just the henchman

 


Senator Schumer's surrender to Republicans inflames rank and file Democrats even in their homes

The anger mirrors less visible Republican discontent with its supine leadership for failing to assert Congress' control over the power of the purse and letting Elon Musk run their show.
 

... "I know I speak for so many in our caucus when I say Schumer is misreading this moment. The Senate Dems must show strength and grit by voting no," said Rep. Becca Balint (D-Vt.).

... Some House members, in turn, have gotten an earful from constituents. "I have also never had so many people from home personally texting me—ANGRY," said another House Democrat. "I don't think they knew who Chuck Schumer was before today," the lawmaker said. "But they know now and they hate him." ...

Trump lets Putin select America's negotiating team, removes Keith Kellogg from Ukraine-Russia negotiations after objections from Putin, objections which may have been transmitted by Steve Witkoff

 Kremlin told U.S. it didn't want Trump's Ukraine-Russia envoy at peace talks

President Donald Trump’s special envoy for Ukraine and Russia was excluded from high-level talks on ending the war after the Kremlin said it didn't want him there, a U.S. administration official and a Russian official told NBC News. 

Retired Lt. Gen. Keith Kellogg was conspicuously absent from two recent summits in Saudi Arabia — one with Russian officials and the other with Ukrainians — even though the talks come under his remit.

“Together,” Trump said in announcing Kellogg’s nomination in November, “we will secure PEACE THROUGH STRENGTH.”

But Kellogg did not attend U.S.-Russia talks in Riyadh, the Saudi capital, on Feb. 18. Russian President Vladimir Putin thought he was too pro-Ukraine, a senior Russian official with direct knowledge of the Kremlin’s thinking told NBC News. ...  

Thursday, March 13, 2025

The S&P 500 is now down 10.1% from the Feb 19th high of 6144

 A correction.

Regulatory filing indicates Newsmax settled with Smartmatic for $40 million last year after claims that Smartmatic had wanted $400-$600 million for defamation

 Newsmax paid $40 million to settle defamation suit over 2020 election claims

Monmouth University calls it quits on Monmouth University Poll after 20 year run

 Monmouth University closing Polling Institute 

... “While the Polling Institute has done excellent work, it’s public polling mission is no longer aligned with our current strategic goals,” said Leahy. “I realize this is a significant change given the decades of outstanding work led by Patrick Murray, the founding director of the Institute since its inception in 2005.

“Patrick’s skilled analysis and media aplomb established the Monmouth University Poll as one of the top polls in the country for both accuracy and transparency, including a top-five ranking from the poll analysis website FiveThirtyEight.” ...


Blogger Kevin Drum has passed away of bone marrow cancer at 66

 Remembering Kevin Drum

... Kevin’s success was also a kind of victory of democracy over snobbery. It proved that you can write incisively about national affairs without being in Washington, New York, or San Francisco. You can be an ordinary person living an everyday middle-class suburban life where you don’t rub elbows with influential journalists, academics, or financiers, yet write journalism that those sophisticates—and plenty of other ordinary Americans—read and respect. ...

US House Democrats suddenly find themselves temporarily down two votes due to the deaths of Representatives Turner and Grijalva just days apart

Grijalva had been battling cancer since last year. Turner died suddenly and unexpectedly.

 

 



Senator Schumer betrays Democrats, pledges to vote for the continuing spending resolution, empowering Elon Musk on his rampage through the federal government

 


Republican Senator Mike Crapo is full of Orwellian crap, says extending the Trump tax cuts which increased deficits by $1.7 trillion won't keep increasing deficits


 

 If you're not changing the tax code, you're simply extending current policy—you are not increasing the deficit. The bottom line here is that it's a $4.3 trillion tax increase, not a $4.3 trillion deficit increase. 

-- Mike Crapo 

Most of the tax cuts passed by Republicans during President Donald Trump’s first term, in the Tax Cuts and Jobs Act of 2017 (TCJA), which raised deficits by $1.7tn, are set to expire at the end of 2025. ... Without new legislation, current law requires tax rates to return to their pre-TCJA levels. Maintaining the current policy would cost nearly $5tn in lost revenue over the next 10 years. 

-- Oren Cass

Passing economic legislation through the US Senate can by-pass the 60-vote rule if the legislation does not increase deficits beyond 10 years. 

The total public debt has ballooned by over $16 trillion under the Trump tax cuts.

Federal Judge William Alsup orders tens of thousands of federal employees fired by Mad King Ludwig rehired


 

 Thousands of fired federal workers must be rehired immediately, judge rules 

... Alsup, a San Francisco-based appointee of President Bill Clinton, ordered the Defense, Treasury, Energy, Interior, Agriculture and Veterans Affairs departments to “immediately” offer all fired probationary employees their jobs back. The Office of Personnel Management, the judge said, had made an “unlawful” decision to terminate them. ... Alsup is the first federal judge to order the administration to broadly unwind the firing spree that has roiled the federal workforce during Trump’s first two months in office. ...


Gold makes 12th record high in 2025 at $2,977.36


 

Spot gold climbed 1.6% to $2,977.36 an ounce, its twelfth record peak to date in 2025.

Prices are up nearly 14% so far this year after a solid 27% gain in 2024. U.S. gold futures rose 1.4% to $2,989.

More.

Hey look! Root causes are back in the news again after a brief hiatus

 The root cause of the Ukraine war is Vladimir Putin and the root cause of the illegal immigration problem was Joe Biden.

 



 

House Hamas mole loves tunnels

 


 Rashida Tlaib becomes lone House lawmaker opposing cracking down on Mexican cartels' border tunnel system

The inflation figures in this story, as usual, are based on seasonally adjusted measures

 

 
... no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. ...

It's the same story with core wholesale prices for January 2025, not seasonally adjusted, also revised upward today one month later

 The monthly rise in core wholesale prices in January 2025 of 0.5% was revised up to 0.7% today, and the year over year increase was revised up to 3.8% from 3.6%.

Inflation in January 2025 was worse than previously reported, and probably was in February too as reported today, but we'll have to see, as long, anyway, as Ludwig doesn't manage to blow us all up in the meantime.