Monday, December 23, 2019
Sunday, December 22, 2019
Horsecrap from The Washington Free Beacon: "The economy is gangbusters" when it's actually underperforming the post-war by over 50%
Here.
Through 3Q2019 the US economy over the last ten years as measured by the compound annual growth rate from 3Q2009 and using the government's own gross domestic product measure known as GDPC1 is underperforming the previous 62 year period from 3Q1947 until 3Q2009 by 29.39%.
We're growing at 2.33% now vs. 3.3% then, and that calculation removes the worst of the 2008 debacle from the now column and puts it in the then column.
If we measured as we really ought to from the previous peak in 4Q2007 and included the downturn in the now column, the picture is much much worse.
To keep it simple the full 12 years from 3Q2007 through 3Q2019 (third estimate just reported) comes in at a miserable 1.67% vs. the previous 60 year period at 3.47%. In other words, this so-called gangbusters economy is really underperforming the post-war by 51.87%.
We're not even half as good as we used to be.
We're growing at 2.33% now vs. 3.3% then, and that calculation removes the worst of the 2008 debacle from the now column and puts it in the then column.
If we measured as we really ought to from the previous peak in 4Q2007 and included the downturn in the now column, the picture is much much worse.
To keep it simple the full 12 years from 3Q2007 through 3Q2019 (third estimate just reported) comes in at a miserable 1.67% vs. the previous 60 year period at 3.47%. In other words, this so-called gangbusters economy is really underperforming the post-war by 51.87%.
We're not even half as good as we used to be.
The only thing that is going gangbusters right now is Trump cheerleaders from Andy Puzder to Rush Limbaugh and all the usual idiots in between trying to make a silk purse out of a sow's ear.
Thinking Americans are not fooled.
Thinking Americans are not fooled.
Stampede into Roth IRAs expected after passage of Secure Act in massive spending bill signed by Trump limits "stretch IRAs"
People who have saved $1 million or more in an IRA and plan to pass
it on to someone other than their spouses should consider doing Roth
conversions, said Ed Slott, president of Ed Slott & Co., which
specializes in IRA education and training. For instance, if their children inherit the IRAs, they would likely
receive them and face the tax consequences during their prime earning
years. "It's a big tax hit," Mr. Slott said. "Beneficiaries can let the money accumulate tax-free in a Roth." Investment advisers are going to put a premium on Roth conversions. ...
Roth conversions also would benefit the government, which would get
tax revenue more quickly than it would under IRA distributions. But the
change in stretch IRA policy under the SECURE Act will upset many estate
plans that were written based on children being able to hold onto IRAs
for their lifetimes. "I call this section of the SECURE Act the broken promise," Mr. Slott
said. "It's like they changed the rules in the ninth inning."
More here.
79 Republicans in the US House voted for this POS hidden in the bill entitled "National Law Enforcement Museum Commemorative Coin Act".
How would you even know?
By forcing the hands of millions of older Americans with estate plans in place for their non-spouse beneficiaries, the government obviously hopes to reap a windfall of tax revenue generated by their conversion of tax-protected traditional IRAs and 401k plans into taxable Roths, knowing the temporary umbrella provided by the lower Trump tax rates expiring in ten years will be an added incentive.
These bastards are wily.
Saturday, December 21, 2019
The saddening thing about Robert De Niro is that his director doesn't get that Trump has already humiliated himself
The script needs a complete rewrite.
Lunch box Joe promises to sacrifice blue collar workers on the altar of a green economy
All Democrats had to do is run sane, normal people for president to beat Trump, and they can't find any.
Friday, December 20, 2019
Donald Trump, the ultimate cuck, signs another spending bill the likes of which he said he would never sign again, after being impeached no less
Donald Trump, the left's pathetic butt boy.
Hey Rush, what's undeniable is that Trump's GDP is no better than Obama's pathetic GDP
2% in 3Q2019 reported today, when Trump promised 4%, even 5%. Ain't happening. All we get is more of the same meh, 2.9% tops in 2018.
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Thursday, December 19, 2019
McConnell can't do anything relative to impeachment because the House hasn't followed through
Technically there is no impeachment until the House gives the Senate the articles.
So, as far as the Senate is concerned, nothing has happened.
If the Senate acts in any way other than to pretend nothing has happened, it will be muddying the constitutional waters.
Trump should go golfing with Mitch. Or better yet, to the horse races.
FISA Court has no excuse for failing to stop FBI crimes, Devin Nunes warned it in letter June 2018
Akshully, Trump has not yet been impeached
Nancy has to send managers over to the Senate with the articles of impeachment before Trump can be said to be impeached.
So, keep holdin' 'em, Nancy! You are doing God's work!
It's more complicated than Mark Levin says: Sean Davis points out Senate rules require articles of impeachment to be delivered by House managers to the Senate, and changing those rules is too heavy a lift
Nancy Pelosi is a wily devil. She already knows how to use the rules against the Senate.
Seems like quite a vulnerability in the balance of powers which she is exploiting to grab the power for the House over the Senate and the presidency.
Ask yourself who benefits from the 22nd Amendment? And the 16th?
We have the tyranny of the legislative, despite the founders' many warnings.
McConnell must go nuclear to fix this, but probably will not. The gravity of the situation certainly calls for it, but the political toxicity would be just horrific.
Mark Levin views Pelosi's obstruction of the Senate as constitutionally overcomeable by McConnell
Nancy Pelosi was apparently advised by leftwing Harvard law professor Lawrence Tribe to delay sending the impeachment to the Senate. So she’s unilaterally sitting on the impeachment. This is another brazen unconstitutional act.
Here’s
what Mitch McConnell and the Senate Republicans must do in response:
The Senate has the sole power under the Constitution to adjudicate an
impeachment. Therefore, Pelosi is attempting to obstruct the Senate’s
power to act on its constitutional authority. McConnell should
immediacy [sic] put an end to this and declare the impeachment null and void
as the speaker has failed to complete the impeachment process by timely
sending it to the Senate for adjudication. McConnell has no less
authority to unilaterally make such a decision than Pelosi does to
withhold the administrative notification of an impeachment to the Senate
either indefinitely or with conditions. Her effort to cripple the
presidency and blackmail the Senate must be defeated.
Prediction: Nancy Pelosi will hold the articles of impeachment through the November 2020 election in order to get the Senate back in Democrat hands
After which she'll send the articles up to the Senate and get Trump convicted and expelled.
Her justification will be McConnell refusing to give Supreme Court nominee Merrick Garland a hearing in 2016.
It's a gamble because the articles will have to be reauthorized in the next Congress, and presumes a Democrat sweep of both chambers. But what have they got to lose, except failure now or failure later?
Better to fail later and try to make political hay now while the sun shines.
It's a gamble because the articles will have to be reauthorized in the next Congress, and presumes a Democrat sweep of both chambers. But what have they got to lose, except failure now or failure later?
Better to fail later and try to make political hay now while the sun shines.
Wednesday, December 18, 2019
When I was a kid I was a complete fucking idiot, but then I grew up and became a fucking idiot
After that I just got old and, you guessed it, the fucking went right out the window and now I'm just an idiot, same as you always were. No practice required.
Tulsi Gabbard upstages Justin Amash by being the only House member to vote Present on articles of impeachment
Amash voted Yea on both articles of impeachment as the sole independent.
Gabbard was late to favor an impeachment inquiry, supporting it only after Trump's Ukraine phone call in July.
NDAA creating Trump's Space Force and paid family leave for The Swamp will also give immigration amnesty to 4,000 Liberians
Many Liberians fleeing
civil war in the 1990s were given temporary protected status to stay in
the U.S. — with no path to citizenship — and became part of the DED
program in 2007. They faced the prospect of deportation under
administrations of both parties, with continual extensions.
Trump
twice moved to end the program, saying Liberians could return to their
homeland because conditions in the country had improved: It was no
longer experiencing armed conflicts and had recovered from a 2014
outbreak of the deadly Ebola virus. But as Liberians' DED status was set
to expire on March 31 this year, the administration approved a one-year
reprieve.
When you imagine Republicans did what Joe Biden did
Career civil servant Mark Sandy testified on Nov. 16, 2019 that he was told that military assistance to Ukraine was put on hold by Trump because Trump was concerned other countries were not contributing more to Ukraine:
Mr. Sandy: I recall in early September an email that attributed the hold to the President's concern about other countries not contributing more to Ukraine. ... Mr. Meadows: And, all of a sudden, we get some additional information that's provided in terms of what other countries contribute to Ukraine aid, and then the aid was released. Is that a fair characterization? Mr. Sandy: In terms of the sequencing, yes.
Foreign Intelligence Surveillance Court issues rare public order rebuking FBI misconduct, acknowledges Americans cannot trust the FBI
This order responds to reports that personnel of the Federal Bureau of Investigation (FBI) provided false information to the National Security Division (NSD) of the Department of Justice, and withheld material information from NSD which was detrimental to the FBI's case, in connection with four applications to the Foreign Intelligence Surveillance Court (FISC) for authority to conduct electronic surveillance of a U.S. citizen named Carter W. Page. When FBI personnel mislead NSD in the ways described above, they equally mislead the FISC. ... The FBI's handling of the Carter Page applications, as portrayed in the OIG report, was antithetical to the heightened duty of candor described above. The frequency with which representations made by FBI personnel turned out to be unsupported or contradicted by information in their possession, and with which they withheld information detrimental to their case, calls into question whether information contained in other FBI applications is reliable.
Read the whole thing here.
Tuesday, December 17, 2019
Twas the night before impeachment
Twas the night before impeachment
and all across Twitter
not a conservative was stirring
And Jeffrey Epstein didn't kill himself
and all across Twitter
not a conservative was stirring
And Jeffrey Epstein didn't kill himself
After 3 years of Donald Trump, US Debt to the Penny is up $3.3 trillion
Trump, Republicans and Democrats are spending us blind.
President Trump could easily veto these spending bills and get spending compromises from Congress, but won't because he's a wimp
The narrow majorities of Democrats in the House and Republicans in the Senate mean there would be great difficulty achieving 2/3 majorities to override the veto except for the most necessary spending, which means Trump has the upper hand.
President Trump is in the catbird seat when it comes to spending, but he does NOTHING. All he does is veto the occasional "Joint Resolution", which is meaningless to the taxpayer and in the same class as conservatism in this country, which has again been reduced to this or that irritable mental gesture.
Donald Trump is a complete and utter fool who knows nothing about the power he has.
Ann Coulter was right to say Trump has replaced Bush 41 as biggest wimp ever to serve as president.
After passing NDAA whopper funding The Military Industrial Complex and The Swamp, US House passes another $1.4 trillion in spending in two bills to let Trump say he didn't sign another Omnibus spending bill
TRUMP IS WORKING WITH THEM AGAINST US YOU IDIOTS.
The House passed a $1.4 trillion federal spending package that averts a government shutdown and maintains some funding for a southern border wall. The measure passed Tuesday despite the objections of
liberal Democrats and members of the Congressional Hispanic Caucus, who
said they opposed the $1.375 billion allocated for the construction of a
southern border wall as well as other border security provisions. The spending bill would provide funding through the rest of
fiscal 2020. It passed in two different measures in order to avoid
sending President Trump one “omnibus” package, which he had vowed to
reject.
More here.
Sean Hannity must be smoking something if he thinks this is a picture of much improved labor participation
We are stuck in the toilet.
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