Wednesday, March 14, 2018

The broadest measures of unemployment in February 2018 have fallen below the average before the Great Recession


Hooah Jim Geraghty!


Government doesn’t louse up everything, but it sure louses up a lot of what it promises to deliver:

from the Big Dig to Healthcare.gov;

from letting veterans die waiting for health care to failing to prioritize the levees around New Orleans and funding other projects instead;

from 9/11 to the failure to see the housing bubble that precipitated the Great Recession;

from misconduct in the Secret Service to the IRS targeting conservative groups;

from lavish conferences at the General Services Administration to the Solyndra grants;

from the runaway costs of California’s high-speed-rail project to Operation Fast and Furious;

from the OPM breach to giving Hezbollah a pass on trafficking cocaine.

The federal government has an abysmal record of abusing the public’s trust, finances, and its own authority. Now some people want it to take on a bigger role? If you want to enact a massive overhaul of America’s economy and government to redistribute wealth, you first have to demonstrate that you can accomplish something smaller, like ensuring every veteran gets adequate care. Until then, if you want to live like a Norwegian, buy a plane ticket.


Tuesday, March 13, 2018

Trump acts like he had nothing to do with appointing the people who oppose his own policies . . .

. . . just like Obama acted like he had nothing to do with country's unemployment, low GDP and home foreclosures for years after he was first elected.

Now all we need is Joe Biden to admit electing him in the first place was a mistake


Monday, March 12, 2018

There is no jobs boom: Full-time in February 2018 is still 6 million behind where it ought to be

For the ten years before the Great Recession, full-time averaged 51.4% of civilian non-institutional population.

In February 2018, we're still down in the basement trying to climb our way out. After ten years! Currently just 49.1% have full-time jobs.

The pre-recession rate applied to the present population level would yield six million more working full-time than there really are. We should have 132 million working full-time. Instead we have 126 million.

There is no jobs boom, just more of the same slow recovery. At this rate it'll still take many more years for full-time to recover to pre-recession levels. The odds of a recession intervening first are high.


There is no jobs boom visible in full-time work: Growth is only consistent with the recent past


Sunday, March 11, 2018

So-called National People's Congress of China votes 2,959-2 to remove term limits for Xi Jinping, with 3 abstentions

The story is here.

So, our two main rivals in the world are now each ruled by perpetual dictators, as they were in the past.

And to think from 1992 some in the West foolishly accepted the idea of the end of history, "that the worldwide spread of liberal democracies and free market capitalism of the West and its lifestyle may signal the end point of humanity's sociocultural evolution and become the final form of human government."

Not even Francis Fukuyama believed it for more than three years.

Unfortunately the George W. Bush administration, in its ignorant hubris, did.

But here we now are, having squandered the intervening years, and Trump is just fine with the new dictatorships. He admires them no less than Obama did. They are grandiose, like he is, like Obama is. He wishes he could be one of them, too.

When was the last time you heard a statesman from the West call on these rival powers to throw off their chains and embrace freedom?

I can't remember, either.

Freedom as we have known it in the world is in great peril, and we hardly care.

Therefore we will lose it, sooner rather than later.

Laugh of the day: Trump's goal is reportedly 208,333 new jobs every month for 10 years

So says the story at The Daily Caller here.

Har har HAR........dee har har.

After 16 months (November 2016 inclusive through February 2018) the actual monthly rate of gain has been 182,500.

If you prefer from inauguration month instead of election month (January 2017 inclusive through February 2018), 14 months, the actual monthly rate has been 177,214.

February 2017 inclusive, first full month of presidency, through February 2018, 13 months, the rate has been 175,461.

From the post-recession low in February 2010 (not inclusive), exactly 8 years ago, through February 2018 the actual monthly rate of gain has been 192,197.

So by no measure of Trump's performance is he yet anywhere near the actual average performance post-recession of 2007, let alone near his own goal.

The best overall performance in living memory was under Bill Clinton when monthly gains averaged over 242,000 monthly over 8 years. But this coincided with the peaking of the Baby Boom in 1957 clocking in 20 years in the labor force by the end of the Clinton era, in 1999. The Baby Boom fueled the Clinton boom in every way, from jobs to housing to GDP, and also the stock market.

It's been all downhill from there.

Since peak total nonfarm employment in February 2001, just before the recession of that year through February 2018, the economy has added only 75,500 jobs a month. 

Good luck to Mr. Trump, but the demographic odds are not in his favor, on top of the headwinds from his own immigration policy.

In this context Trump's stated goals do not reflect knowledge of reality or self-knowledge, only hubris.

Saturday, March 10, 2018

Larry Kudlow is brain dead and he's on the radio

Like Rush Limbaugh, Larry Kudlow doesn't accurately remember the Reagan era.

It's embarrassing coming from these self-appointed spokesmen for Ronald Reagan.

Unlike Limbaugh, however, Kudlow actually served in the Reagan Administration so he really ought to know better, but today on the radio he kept saying that the jobs created in February 2018 (313,000) don't get any better than that.

Flashback to February 1984: jobs added 481,000. Or February 1988: jobs added 453,000.

Need more?

June 1983: +379,000. July 1983: +418,000. September 1983: +1.115 MILLION.


1.115 MILLION!

IN ONE MONTH!

Do I need to go on?

Yes, I think I do.

November 1983: +353,000.
December 1983: +356,000.
January 1984: +446,000.
April 1984: +363,000.
June 1984: +379,000.
July 1984: +313,000.
November 1984: +349,000.
March 1985: +346,000.
July 1986: +318,000.
September 1986: +347,000.
April 1987: +338,000.
July 1987: +347,000.
October 1987: +492,000.
June 1988: +363,000.
September 1988: +339,000.
November 1988: +339,000.

The current jobs boom isn't a boom, not yet, not by a longshot, and is NOTHING like the Reagan era, and Kudlow is doing a disservice to the historical record in which he played a part.

You've become a political hack, Larry.

Funny how this week's Democrat Senate combined primary wins in Texas all seem to hug the border with Mexico


Pace Ann Coulter and The NY Times, core employment in February 2018 still hasn't recovered to the 2007 peak

In February 2018 core employment, ages 25 to 54, is 100.1 million, peak was 100.7 million, 11 years ago.

Count 'em.

Spare me the Rah! Rah! Trump! until there's something significant to cheer about.




Xi Jinping is now Winnie the Pooh . . . for life


Xi Jinping being mocked as Xi Zedong in China and around the world

From the story here:

The government’s censorship apparatus had to spring into action after the term limit proposal was unveiled, suppressing keywords on social media ranging from “I disagree” to “shameless” to “Xi Zedong.” Even the letter “N″ was blocked after it was used as part of an equation for the number of terms Xi might serve. ...

On Wednesday, International Women’s Day, law students at the prestigious Tsinghua University in Beijing — Xi’s alma mater — hung red banners that ostensibly celebrated the school’s female classmates but also satirized national politics. “I love you without any term limits, but if there are, we can just remove them,” read one, while another banner declared that “A country can’t survive without a constitution, we can’t go on without you.” University administrators weren’t amused. A student witness said the banners were quickly removed and notices posted requiring campus shops to register students who use printers to make large banners.

Chinese studying overseas have been more blunt. Posts in recent days popped up at the University of California, San Diego, with Xi’s picture and the text “Never My President” and spread to more than eight overseas universities, said Lebao Wu, a student at Australian National University in Canberra.


Trump to dignify a vicious little tyrant by meeting with him, and they're calling it a victory

Reagan free-trade globalism has gutted growth of worker earnings and suppressed job growth



It's not a boom: The pay increase for the vast majority of workers in February 2018 was merely average


Thursday, March 8, 2018

Bill Clinton's oral sex legacy: About 7 million men and 1.4 million women are walking around with oral HPV infections

From the story, "Oral sex is causing an oral cancer epidemic in men by outwitting natural defenses", here:

HPV-related tumors, in contrast, have increased more than 300 percent over the last 20 years. The virus is now found in 70 percent of all new oral cancers.

About 13,200 new HPV oral cancers are diagnosed in U.S. men each year, compared with 3,200 in women, according to federal data. Treatment – surgery, chemotherapy, radiation – can have disfiguring, disabling side effects. About half of late-stage patients die within five years.

Oral HPV infection rates are skewed by gender, just like the resulting cancers. The latest national estimates of this disparity, published in October, come from Deshmukh and his University of Florida colleagues. They used a federal health survey that collected DNA specimens to estimate that 7.3 percent of men and 1.4 percent of women have oral infections with high-risk HPV types. That translates to 7 million men and 1.4 million women.

Wednesday, March 7, 2018

Sorry, ADP private payrolls aren't booming now and haven't boomed since briefly doing so in 2005-2006

The reading is +2.2% in February 2018 vs. +4.05% in February 2006, twelve years ago.

Count 'em.


"Corporations are people" is based on the 14th Amendment, except it wasn't

Adam Winkler of the UCLA School of Law for The Atlantic explains, here or here.

Tuesday, March 6, 2018

The fool of a president George W. Bush is as pathetic as Trump in seeking validation at this point in his life

George W. Bush was easily the worst post-war president until Barack Obama came along.

And a lot of water has to go under the bridge before the verdict is in on Trump.

Meanwhile, these presidents who constantly look for validation or constantly assert their egos are a reflection of the decline of America, not its greatness. Comparisons between them amount to nothing more than sorting out the cleanest dirty shirt in the laundry.

Are there no real men left?



Poverty for persons 65+ and under 18 has been declining since 1986, but rising for everyone else




Grand Rapids, Michigan, Climate Update for February 2018

Grand Rapids, Michigan, Climate Update for February 2018


Max temp 63, Mean Max temp 50
Min temp 7, Mean Min temp -2
Av temp 29.8, Mean Av temp 24.5
Precip 4.93, Mean precip 1.78
Snowfall 20.7, Mean snowfall 13.1
Snowfall season to date 66.8, Mean Snowfall season to date 54.5
Heating Degree Days 978, Mean Heating Degree Days 1136
HDD Season to date 4656, HDD Mean Season to date 4895

Using Heating Degree Days, the cool season to date has been 4.88% warmer than the mean.

Monday, March 5, 2018

Sunday, March 4, 2018

Broward County officials responsible for Cruz' crimes because none of his prior to the massacre were reported or prosecuted, ON PURPOSE

Ann Coulter, here:

When it comes to spectacular crimes, it's usually hard to say how it could have been prevented. But in this case, we have a paper trail. In the pursuit of a demented ideology, specific people agreed not to report, arrest or prosecute dangerous students like Nikolas Cruz. 

These were the parties to the Nov. 5, 2013, agreement that ensured Cruz would be out on the street with full access to firearms: 

Robert W. Runcie, Superintendent of Schools 

Peter M. Weinstein, Chief Judge of the 17th Judicial Circuit 

Michael J. Satz, State Attorney 

Howard Finkelstein, Public Defender 

Scott Israel, Broward County Sheriff 

Franklin Adderley, Chief of the Fort Lauderdale Police Department 

Wansley Walters, Secretary of the Florida Department of Juvenile Justice 

Marsha Ellison, President of the Fort Lauderdale Branch of the NAACP and Chair of the Juvenile Justice Advisory Board 

Nikolas Cruz may be crazy, but the parties to that agreement are crazy, too. They decided to make high school students their guinea pigs for an experiment based on a noxious ideology. The blood of 17 people is on their hands. 

Laugh of the Day: It's much cheaper to teach a machine common sense than a liberal


Sweden's immigrant crime problem: Nothing's a problem until The New York Times says it's a problem


Flashback: "The polls, they say I have the most loyal people . . . where I could . . . shoot somebody . . ."

The Des Moines Register, January 23rd, 2016, here:

SIOUX CENTER, Ia. — Donald Trump told a crowd in Sioux Center on Saturday that he could "shoot somebody" and not lose traction with voters.

“You know what else they say about my people? The polls, they say I have the most loyal people," Trump said. "Did you ever see that? Where I could stand in the middle of Fifth Avenue and shoot somebody and I wouldn’t lose any voters, OK? It’s like incredible.”

Trump doubles down on autocratic rule in China, says "I think it's great"

If you're not offended by Trump's casual flaunting of the seriousness of his role as "leader of the free world" by now, then you are as un-American as he is and deserve to be ruled by a dictator.

Watch for Rush Limbaugh to dismiss this as just yet one more instance of Trump trolling his mostly liberal opposition in order to dominate the news cycle.

The news cycle.

That remark by the press during the 2016 campaign that Trump could shoot someone in the street and still get elected has drilled itself down into Trump's brain and has become a veritable axiom and exemplar to Trump about his invulnerability, which explains the freedom with which he has so many times gone off the reservation of his own supposedly strongly held beliefs: "They say I have the most loyal people -- did you ever see that? -- where I could stand in the middle of Fifth Avenue and shoot somebody, and I wouldn't lose any voters".

Obviously, he doesn't have any strongly held beliefs, except the belief in his own greatness which his twisted sense of self has from the beginning latched on to in the flimsiest of quarters, the news cycle.  

From the story here:

"He's now president for life, president for life. And he's great," Trump said, according to audio of excerpts of Trump's remarks at a closed-door fundraiser in Florida aired by CNN. "And look, he was able to do that. I think it's great. Maybe we'll have to give that a shot someday," Trump said to cheers and applause from supporters.

It is not clear if Trump, 71, was making the comment about extending presidential service in jest. The White House did not respond to a request for comment late Saturday.

U.S. Representative Ro Khanna, a Democrat, said on Twitter that "whether this was a joke or not, talking about being President for life like Xi Jinping is the most unAmerican sentiment expressed by an American President. George Washington would roll over in his grave."

Friday, March 2, 2018

South African parliament votes to violate post-apartheid agreements and confiscate white-owned farms without compensation

The story is here.

South African GDP has contracted by a whopping 29% as black radical Marxists have gained the upper hand there since 2011.

The country is following the pattern of neighboring Rhodesia, which willingly embraced Marxist Robert Mugabe in 1980.

Keep letting into America 1 million non-whites a year and the same will happen here.

It's just a matter of time. In South Africa, it took just 24 years.

Thursday, March 1, 2018

How about no VOTE under 21, and no car, no job, no credit card and no COLLEGE LOANS either?

Grow up already you bunch of babies.




Story in The Atlantic cherry picks data about senior poverty

The Census Bureau's new (since 2011 but fiddled with again in 2013) Supplemental Poverty Measure (SPM) shows senior poverty in slight retreat since 2009, but you wouldn't know that from the story here (you'd have to look at the chart to the left here) which says it's up between 2015 and 2016, which it most certainly is, but hey, c'mon. The fact is, the "official" measure shows that senior poverty has dropped big time since the mid-1960s when the rate was knocking on the door of 30%, stabilizing in recent years in the 8, 9 and 10% range:

The problem is growing as more Baby Boomers reach retirement age—between 8,000 to 10,000 Americans turn 65 every day, according to Kevin Prindiville, the executive director of Justice in Aging, a nonprofit that addresses senior poverty. Older Americans were the only demographic for whom poverty rates increased in a statistically significant way between 2015 and 2016, according to Census Bureau data. While poverty fell among people 18 and under and people 18 to 64 between 2015 and 2016, it rose to 14.5 percent for people over 65, according to the Census Bureau’s Supplemental Poverty Measure, which is considered a more accurate measure of poverty because it takes into account health-care costs and other big expenses. “In the early decades of our work, we were serving communities that had been poor when they were younger,” Prindiville told me. “Increasingly, we’re seeing folks who are becoming poor for the first time in old age.”

Wednesday, February 28, 2018

Once again Trump demonstrates that he has no principles: Confiscate guns without due process

It didn't take long for the office to go to his head, but go it has. The man is now a clear and present danger.

Who will stop him? Mike Pence? Paul Ryan? Mitch McConnell?


“I like taking the guns early, like in this crazy man’s case that just took place in Florida ... to go to court would have taken a long time,” Trump said at a meeting with lawmakers on school safety and gun violence.

“Take the guns first, go through due process second,” Trump said.

Some roaring economy: 4Q2017 real GDP revised DOWN today to 2.5% in second estimate

That's down from 2.6% in the first estimate.

3Q2017 real GDP was 3.2%, indicating the economy slowed down on an annualized basis in the fourth quarter by almost 22%.

Blame it on the hurricanes if you want, but growth for all of 2017 comes in at a paltry 2.3%. That's up from 2016's measly 1.5%, but so far, Trump's 3%-4% growth is nowhere to be seen.

And neither is The Wall.

Tuesday, February 27, 2018

Leader of the free world my foot: Trump White House says it's up to China if it wants to turn back toward autocracy

Li Datong, a former editor at the state-run China Youth Daily, posted a draft letter urging legislators to vote against the move -- which would abolish term limits set in 1982 under Deng Xiaoping to prevent a return to the decades of chaos under Mao Zedong.

"It was the highest and most effective legal restriction meant to prevent autocracy or putting individuals above the party and the state," said the letter. It was not sent to legislators but shared with hundreds of people in a private group on China's WeChat phone messaging app.

"Lifting the term limits of national leaders will be ridiculed by civilised nations all over the world and also sow the seeds of chaos for China," said the text posted on Monday. ...

"The president has talked about term limits in a number of capacities during the campaign and something that he supports here in the United States, but that's a decision that's up to China," said White House spokeswoman Sarah Sanders.

More here.

Monday, February 26, 2018

Supremes decline to rule on DACA ahead of court of appeals, could take another year to reach Supremes again

Illegality isn't an emergency to the Supremes. Neither is the challenge to the Executive branch's constitutional authority in the matter.

You live by the courts, you die by the courts.

If Trump had any balls, he'd ignore the courts and deport them all. Let the courts try to enforce their rulings.

Story here.

Peter Morici: Republican opposition to regulating prices will bring Medicaid-like single payer to USA

To Richard Brookhiser of National Review, illegal immigration isn't even a thing, and conservatism's biggest hypocrites are among the Religious Right

Here, where strong national defense, cultural and New York intellectual conservatives, and free-marketeers all receive his scorn:

Trump’s conservative admirers have had to abandon and contradict what they once professed to hold most dear.

The most egregious example is the religious Right. The religious Right is the latest version of an old model of American politics, variously incarnated by Puritans, abolitionists, and William Jennings Bryan. It, like its predecessors, has argued that America and individual Americans need to have a godly or at least moral character to thrive. Now the religious Right adores a thrice-married cad and casual liar. But it is not alone. Historians and psychologists of the martial virtues salute the bone-spurred draft-dodger whose Khe Sanh was not catching the clap. Cultural critics who deplored academic fads and slipshod aesthetics explicate a man who has never read a book, not even the ones he has signed. Followers of Harry Jaffa, the most important Lincoln scholar of the last 60 years, rally round a Republican who does not know why the Civil War happened. Straussians, after leaving the cave, find themselves in Mar-a-Lago. Econocons put their money on a serial bankrupt.

Poor fella. No one listens to him anymore.

Sunday, February 25, 2018

Laugh of the Day: Incompetent Sheriff Israel thinks he's Sheriff Joe

Quoted here:

"Jake, I can only take responsibility for what I knew about. I exercised my due diligence. I've given amazing leadership to this agency—" Israel started.

The tongue really had to lube the lips for that one.



Nikolas Cruz called the cops on himself, but not even they listened, or cared

Are you listening, America? To anyone?

The New York Times reports, here:

Mr. Cruz, 19, himself called the authorities just after Thanksgiving, describing how he had been in a fight and was struggling with the death of his mother. “The thing is I lost my mother a couple of weeks ago, so like I am dealing with a bunch of things right now,” he said in a childlike voice, sounding agitated and out of breath.

Saturday, February 24, 2018

The problem with Trump at CPAC is that he made it sound like the Second Amendment is negotiable

“By the way, if you only had a choice of one, what would you rather have — the Second Amendment or the tax cuts?”

More here.

Friday, February 23, 2018

I don't know what's more revolting, Rubio and Sheriff Israel appearing with Trump, or Trump proudly featuring the photo


Hey Trump, why not make 'em wait 'til 26?

There's no there there, just pure, unadulterated reaction.





Not only does Florida's Broward County Sheriff have four incompetent deputies, his political loyalties are to incompetents, too

More here.

Marco Rubio entertains infringing the Second Amendment

How about the First Amendment, Marco? Or the Sixteenth? or the Fourteenth? You skull full of mush.


"If we are going to infringe on the Second Amendment, it has to be a policy that will work," Rubio said in an interview Thursday with AP.

Thursday, February 22, 2018

Ironman estimates stock repurchases by corporate America of $628 billion in 2018 due to tax cuts


What we find is that 2018's projected total of $628 billion in buybacks will break the previous record of roughly $589 billion worth of stock repurchases that was set by U.S. corporations in 2007, which would work out to be about a 7% increase over that previous record.

Time will tell if share repurchases were the right thing for the companies that are choosing this action to have done with the benefits they received from U.S. corporate income tax reform.

Surprise, the tax cuts are showing up in, not your wallet, but enormous stock buy-backs by large corporations, which explains the rising stock market

In other words, so-called sideline cash coming into the market is really nothing more than taxcut cash reallocated to stock buy-backs by corporate America.

Marketwatch reports here:

But now, courtesy of Goldman Sachs, we know where the tax cut is really going. Surprise! It’s paying for stock repurchases by corporations, as Corporate America despairs of investing in much other than dividing the pie provided by near-record profitability into fewer and larger pieces.

Buyback announcements are up 22% this year to $67 billion in just six weeks, Goldman said in a note to clients. This follows a report by benefits consulting firm Aon Hewitt finding that 83% of large companies don’t expect the tax cut to boost salaries at all — just help pay for small bonuses companies like WalMart and AT&T gave workers, which reporters soon discovered were, themselves, skewed toward higher-paid, longer-tenured employees in many cases.

Wednesday, February 21, 2018

Maybe the obvious just isn't obvious in the South

You know, like slavery being wrong: Durham County North Carolina District Attorney drops all charges against Confederate monument vandals, even though there's lots of film.

On the other hand, they must call it North Carolina for a reason.