$64.31
-- CNBC
Thursday, December 11, 2025
It is obvious to everyone except Republicans that the Reagan Revolution of tax cuts for the rich has failed to produce the economic growth America was accustomed to before he became president
We had a few dozen billionaires in the Reagan era. Now we have hundreds.
Growth of GDP, percent change, annual, rolled over after 1984, inaugurating a new period of lower trendline growth in the economy.
You're not wrong to feel poorer.
Just look at the trend lines for the data in this chart from before 1984 and after 1984. The change is glaring. The money which used to go into the economy to grow it has gone straight into the pockets of the rich.
Meanwhile Trump had one year in 2018 at 5.32% and he thinks he's God's gift to humanity, when Bush 43 did better in 2004-2006 at 6.64, 6.72, and 5.95.
Doddering old Joe Biden comes along and averages 8.22 for four years and what do Democrats do but throw him under the bus.
It's enough to make you scream.
Wednesday, December 10, 2025
Monday, December 8, 2025
Pete Hegseth's March and April 2016 NeverTrump comments about issuing illegal orders to the military make him look like an early member of the six Democrat panel he now criticizes
Link.
Link.
Link.
Link.
Pete is nothing if not a shapeshifter like most of the people around Trump who were against him before they were for him.
Meanwhile Batshit-crazy Ungar-Sargon wants you to know that illegal drugs are Chemical Weapons of Mass Destruction justifying you know what lol
That's another OMG, and it's not even lunch yet on this snow-packed 4-degree F second Monday of December.
Erick Erickson wants you to know that the GOP's anti-semitism could be a real liability in the 2028 election lol
"We'd better get rid of it . . . by then".
OMG.
And you thought Nick Fuentes was the turd in the Republican punchbowl.
Sunday, December 7, 2025
Hegseth should never have been confirmed to SECDEF, Inspector General's report finds his use of Signal in March jeopardized troop safety against the Houthis
Hegseth risked ‘potential harm to US pilots’ in using Signal to discuss strikes: Report
... “The Secretary sent nonpublic DoD information identifying the quantity and strike times of manned U.S. aircraft over hostile territory over an unapproved, unsecure network approximately 2 to 4 hours before the execution of those strikes,” the report states.
“Using a personal cell phone to conduct official business and send nonpublic DoD information through Signal risks potential compromise of sensitive DoD information, which could cause harm to DoD personnel and mission objectives.” ...
“Although the Secretary wrote in his July 25 statement to the DoD OIG that ‘there were no details that would endanger our troops or the mission,’ if this information had fallen into the hands of U.S. adversaries, Houthi forces might have been able to counter U.S. forces or reposition personnel and assets to avoid planned U.S. strikes,” the report concluded.
“Even though these events did not ultimately occur, the Secretary’s actions created a risk to operational security that could have resulted in failed U.S. mission objectives and potential harm to U.S. pilots.” ...
Saturday, December 6, 2025
Ronald Reagan July 3, 1983: Don't let anyone tell us that America's best days are behind her (but they are)
The speech is here.
Unfortunately the numbers don't lie. Shortly after that speech, economic growth rolled over definitively. I think Reagan said what he said because serious people around him were telling him we were in big trouble (1982) and he didn't want to believe it. It was a denial of reality, similar to the denial of reality so typical today from Donald Trump.
Michael W. Green (@profplum99) describes in a recent essay in great detail many of the ways in which we are indeed poorer, especially people who have to live in New Jersey and work in New York, in his "My Life is a Lie" here.
The essay resonates mostly with people in the top 20%, which certainly doesn't include YT. But I found it very interesting, however, for how it starts off resting on the mistaken assumption that we have "healthy GDP growth". It is Green's unquestioned and fatal premise, no different than Reagan's or Trump's before him.
We do not have healthy GDP growth now, nor have we had it for a long time, at least not commensurate with a population which has grown by 106 million since 1984.
The compound annual growth rate for GDP from 1929 to 1984 was 6.869%, but through 2024 has fallen 26% to 5.079%.
"Well, that doesn't sound so bad", you say.
Well, the 5.079% rate has given us GDP of $29.3 trillion through 2024.
But at the 6.869% rate we would have GDP of $60.4 trillion, $31.1 trillion more than we do, more than twice as much again.
We have multiple new generations who expected the 1984 fairy tale who are now on the receiving end of 50% less than what might have been.
Solving this growth problem has been the number one aspiration of many on the right year in and year out, but no one has delivered on it. The current pack are not conservatives. They've given up. They are simply hyenas, feasting off the flesh of the wounded, of whom there are more than ever.
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| The roll over of GDPA CAGR in 1981 was retested in 1984 (black line) |
Friday, December 5, 2025
Pro-Trump anarchist confessed to planting pipe bombs at DNC and RNC on January 5, 2021
Sure, sure, a pro-Trump anarchist.
I'm glad we got that cleared up.
... While in custody, Cole confessed to planting the pipe bombs, which did not detonate, two sources familiar with his interview with the FBI told MS NOW. ...
Core pce inflation ticked down to 2.82% year over year in September from 2.90% in August 2025, but for 3Q2025 it ticked up to 2.86% yoy, which is elevated 78% above pre-pandemic experience
But the damn fools will cut DFF again no doubt, despite the fact that recent cuts averaging 1.44 have done nothing to reduce inflation, or increase it.
The inflation rate has been going sideways the whole time in the high 2s since April 2024.
The metric averaged 1.61% 2016-2020 inclusive.
At 1.61% inflation your money is worth half what it was in 45 years, at 2.86% just 25 years.
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