Tuesday, June 20, 2023

LOL, Democrat named Wackerman, $400 donor to Lincoln Project, arrested for setting July 2022 "Oak Fire" in Yosemite National Park which Democrats blamed on global warming

 The so-called Oak Fire destroyed 127 homes and 66 outbuildings. Roughly 6,000 people were forced to evacuate as the inferno torched 30 square miles of land and smoke from the fire drifted more than 200 miles into parts of Nevada and the San Francisco Bay Area.     

Monday, June 19, 2023

Trump's Operation Warp Speed disappears into a black hole

 


Fewer than 1.7 million jabs have been administered in 2023 through May 9 in the United States, per Our World in Data.



Sunday, June 18, 2023

On the Sunday grill: My May 1984 33-cent hamburger should cost 96-cents in May 2023, instead it costs $1.24

 It's nearly 30% overpriced.

The inflation-adjusted pound of ground beef over the period should cost $3.82.

I buy the good stuff, however. My burger costs $1.50, washed down with a cheap pint of Hamm's Beer for 83-cents.

I'll be back to beans and rice on Monday.

A man's gotta do what a man's gotta do.

 



Saturday, June 17, 2023

Trump's greatest economy ever is simply part of the worst economy ever, now in its sixteenth year and third year of Biden

Something about some guy abandoning free market principles in order to save the free market system.



LOL Mexico soccer fans strike again, Las Vegas match called early because of Puto! chants

Things are really getting bad if you have to go to Mexico to escape the Nazis to practice the First Amendment.
 

The United States men’s match against Mexico was cut short Thursday night by the referee after the stadium devolved into echoes of homophobic chants from Mexican soccer fans. ... Four players were ejected in a testy second half of the game, which the U.S. won 3-0 for a spot Sunday in the CONCACAF Nations League final against Canada.

Wait for it.

Thursday, June 15, 2023

Congress went on a spending orgy since 2019 adding $8.77 trillion to the national debt and dimwits blame the Fed for being unable to control inflation

 Inflation is always and everywhere a monetary phenomenon. Blame yourselves. You elected them.

 


The chief penalty is to be governed by someone worse if a man will not himself hold office and rule.

-- Plato, Republic, I, 346f.

The Fed left the Funds Rate unchanged yesterday, and no members of the Federal Reserve Board currently anticipate a rate lower than at present through the end of the year

 They anticipate higher, but not by much, which means more rate hikes this year.

The yield curve aggregate yesterday closed just 4 basis points lower than the current cycle high of 4.674% achieved on March 8th, at 4.671%. That's the sum of the basis points for all US Treasury securities marketed yesterday divided by 13 (ranging from 1-month securities to 30-year).

To say the Fed's response to inflation has been timid would be an understatement.

In the 1980s the Fed's response to core inflation such as we experience today at 5.3% year over year was a Fed Funds Rate in excess of 10%. We're at 5.08%. The yield curve is not steppin' and fetchin' when the big dog won't bark.

This is not a serious country, and is perversely more than willing to inflict the worst tax on all, namely inflation, mostly because the whole damn economy is predicated on 2% inflation, which halves your nestegg in 35 years.

At 5% it does that in just fourteen.

It's criminal.





The price of gasoline has fallen, but only to the level of Obama-era expensive, not Trump-era cheap

 


Wednesday, June 14, 2023

Trump did nothing wrong with his records: He knows it and they know it, but you don't, which is just the way they want it

 When Trump actually finds a competent attorney, the attorney should immediately file to have the case dismissed based on the Jackson ruling of 2012.

But will he?


Trump’s Boxes and Clinton’s Sock Drawer

A president chooses what records to return or keep and the National Archives can’t do anything about it.

... The National Archives and Records Administration was never given the recordings. As Mr. Branch tells it, Mr. Clinton hid them in his sock drawer to keep them away from the public and took them with him when he left office.

My organization, Judicial Watch, sent a Freedom of Information Act request to NARA for the audiotapes. The agency responded that the tapes were Mr. Clinton’s personal records and therefore not subject to the Presidential Records Act or the Freedom of Information Act.

We sued in federal court and asked the judge to declare the audiotapes to be presidential records and, because they weren’t currently in NARA’s possession, compel the government to get them.

In defending NARA, the Justice Department argued that NARA doesn’t have “a duty to engage in a never-ending search for potential presidential records” that weren’t provided to NARA by the president at the end of his term. Nor, the department asserted, does the Presidential Records Act require NARA to appropriate potential presidential records forcibly. The government’s position was that Congress had decided that the president and the president alone decides what is a presidential record and what isn’t. He may take with him whatever records he chooses at the end of his term.

Judge Amy Berman Jackson agreed: “Since the President is completely entrusted with the management and even the disposal of Presidential records during his time in office,” she held, “it would be difficult for this Court to conclude that Congress intended that he would have less authority to do what he pleases with what he considers to be his personal records.”

Judge Jackson added that “the PRA contains no provision obligating or even permitting the Archivist to assume control over records that the President ‘categorized’ and ‘filed separately’ as personal records. At the conclusion of the President’s term, the Archivist only ‘assumes responsibility for the Presidential records.’ . . . PRA does not confer any mandatory or even discretionary authority on the Archivist to classify records. Under the statute, this responsibility is left solely to the President.”

I lost because Judge Jackson concluded the government’s hands were tied. Mr. Clinton took the tapes, and no one could do anything about it.

More.

Tuesday, June 13, 2023

Permanently higher prices for the basics looks to be the future

 The simple egg is now 25% more expensive at Sam's Club compared with pre-Covid. I used to pay routinely $3.98 for two dozen like those shown below. Prices nationally have fallen only to the unusually high levels of 2015.

Whole chicken is up 23%, electricity 18%, and both appear to be stable or rising.

Avian flu is now only sporadic.

 






Core CPI inflation in the United States in May at 5.32% year-over-year has hardly come down from 5.58% in January

 



I remember when the orgies at the White House were at least kept indoors

 


The 47% is back

 


Nature has a self-cleansing mechanism

 


In 15 years we've gone from Obamagirl to a topless Biden girlyman at the White House

.

 
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Monday, June 12, 2023

My local utility has repriced my fixed monthly payment for natural gas and electricity for the next year


 The new price is down 30% from last year's horrendous price.

The monthly payment will now resemble the high end of normal I experienced in the years prior to the Russia-Ukraine War.

Like a boot off my neck.

Sunday, June 11, 2023

Today's up-is-down headlines: UK Daily Mail v CNBC, Drudge v Real Clear

 'LOW ENERGY' TRUMP SPEECH (Drudge)

Trump Delivers Fiery Speech in Georgia: "They're Coming After You" (Real Clear Politics)

Nemesis is coming, Draco is coming

 


Lolbertarian says the worst possible thing which could happen to the economy (i.e. "to me") is higher future taxes


More self-absorbed than your average tranny.

Scott Sumner, here:

The consequence of the reckless fiscal policy will not be a financial crisis. Nor will it be a default. Even the permanent monetization of the debt is unlikely, in my view. The most likely consequence will be higher future taxes and slower economic growth. This will lead to reduced living standards. It might also push politics in a more “populist” direction, with consequences that are difficult to predict (but unlikely to be desirable.)



Trump is toast

 


Trump’s Former AG Bill Barr Lowers the Boom in Stunning Analysis on Fox News Sunday: ‘If Even Half of it is True, He is Toast’


Saturday, June 10, 2023

Thursday, June 8, 2023

Bob and Doug BBQ goes slightly amiss, Canada wildfires consume the equivalent of Maryland and more

 


The Supremes still don't have the courage to void the tyrannical, unequal, racist, Northern neo-reconstructionism of the 1965 Voting Rights Act in the American South

 The Supremes are not colorblind and are as reprehensible in this as any college or business using racial quotas to exclude whites and Asians in favor of less qualified people of color, and they know it.

American liberalism is nothing if not hypocritical.


Chief Justice John Roberts and Justice Brett Kavanaugh, both conservatives, joined the court's three liberals in the majority.

In doing so, the court — which has a 6-3 conservative majority — turned away the state’s effort to make it harder to remedy concerns raised by civil rights advocates that the power of Black voters in states like Alabama is being diluted by dividing voters into districts where white voters dominate.

In Thursday’s ruling, Roberts, writing for the majority, said a lower court had correctly concluded that the congressional map violated the voting rights law.

He wrote that there are genuine fears that the Voting Rights Act “may impermissibly elevate race in the allocation of political power” and that the Alabama ruling “does not diminish or disregard those concerns."

The court instead “simply holds that a faithful application of our precedents and a fair reading of the record before us do not bear them out here,” Roberts added.

As such, the court left open future challenges to the law, with Kavanaugh writing in a separate opinion that his vote did not rule out challenges to Section 2 based on whether there is a time at which the 1965 law's authorization of the consideration of race in redistricting is no longer justified.

More.

Today's up-is-down headlines: Variety v The Hill, Drudge v Real Clear

 Tucker Takes Man Cave Rants to Social Media -- to Smaller Results... (Drudge)

First Episode of "Tucker on Twitter" Nets More Than 70 Million Views (Real Clear Politics)


 

Wednesday, June 7, 2023

Gold remains far more overvalued than US stocks, which is saying a lot

Gold is at least 167% overvalued relative to inflation since 1913. $600ish gold makes sense. $1600 gold does not, let alone $2067, the 2020 high.

Meanwhile stocks are off-the-charts overvalued, about 93% relative to the post-Great Depression median valuation of 81 through 2019, as of the latest GDP figures from late May.

Speculation in both gold and stocks, not to mention a host of other things, has been driven by Federal Reserve interest rate suppression since 2001.

How long elevated gold and stock prices can persist in the new higher interest rate environment is anyone's guess.

The Fed Funds rate still averaged a low 1.69% in 2022, so it's still early innings.


.

May 25, 2023


Young Americans are too ignorant to blame the correct government entity for housing unaffordability for some reason

 . . . young Americans condemn their municipal and state governments for the current housing affordability problem.

More.

Tuesday, June 6, 2023

Quest for money overwhelms hypocritical PGA Tour as it merges with Saudi LIV Golf

 As usual that lyin' blue scumbelly Donald Trump is at the heart of this:


The agreement — the second stunning sports deal in just months, following World Wrestling Entertainment’s merger with Endeavor Group’s UFC — will require the approval of the PGA Tour policy board, Commissioner Jay Monahan said in a memo to players that was obtained by CNBC. ...

Family members of those who perished in the Sept. 11, 2001, terrorist attacks have protested the league, including outside of events. Fifteen of the 19 hijackers on Sept. 11 were from Saudi Arabia, and Osama Bin Laden, the mastermind behind the attacks, was born in the country. It has been concluded by U.S. officials that Saudi nationals helped fund the terrorist group al-Qaeda, although investigations didn’t find that the Saudi officials were complicit in the attacks.

The group 9/11 Families United said they were “shocked and deeply offended” by the merger in a statement on Tuesday.

“Mr. Monahan talked last summer about knowing people who lost loved ones on 9/11, then wondered aloud on national television whether LIV Golfers ever had to apologize for being a member of the PGA Tour. They do now – as does he,” said 9/11 Families United Chair Terry Strada, whose husband Tom died in the World Trade Center’s North Tower. “PGA Tour leaders should be ashamed of their hypocrisy and greed. Our entire 9/11 community has been betrayed by Commissioner Monahan and the PGA as it appears their concern for our loved ones was merely window-dressing in their quest for money – it was never to honor the great game of golf.” ...

Former President Donald Trump, who has hosted a number of LIV Golf events at his golf courses, has defended those events, falsely claiming that “nobody’s gotten to the bottom of 9/11.” Last year, Trump also said on Truth Social that a merger between LIV and The PGA Tour was inevitable.

On Tuesday, Trump weighed in on the merger on his Truth Social platform: “Great news from LIV Golf. A big, beautiful, and glamorous deal for the wonderful world of golf. Congrats to all!!!”

More.

On the contrary, 365k Union dead x $7.5 million each equals $2.7375 trillion in reparations blacks owe Uncle Sam, at minimum

 


Monday, June 5, 2023

St. Matthew's School in Newfoundland, Canada, hard at work grooming the children: The agenda is pride 365

 One month is not enough.





College dropout F. Chuck Todd calls it quits at Meet The Depressed while he's still ahead

Proving yet once again that you don't need a college degree to rise to the level of your incompetence in this great country of ours.

 


The left's campaign to make sure Trump is the GOP candidate gets more incoherent by the day

 Days ago we were told Ron DeSantis is too dumb to run his own messaging and had to rely on his wife.

Now his wife is a Walmart deplorable.

I'd say they've lost their minds but they never had any to lose.

 



Friday, June 2, 2023

Full time employment in May 2023 was a solid 50.47% of civilian population, similar to 2019 levels: Recession delayed

 The measure averaged 49.7% in 1Q2023, but climbed in April to 50.2% and to 50.4% now.

Full time usually peaks in the summer.



Debt ceiling compromise clears the US Senate 63-36, Republican Senators extract pledge from Chucky Schumer for more defense spending which amounts to a pig in a poke so 31 vote against it anyway

Hello, all spending bills must originate in the House.

Some Senate Republicans are pretending you don't know that.

What a joke.

 CNBC:

Majority Leader Chuck Schumer spent much of the day Thursday hammering out an agreement with a group of Senate Republicans who demanded that he pledge to support a supplemental defense funding bill before they would agree to fast-track the debt ceiling bill.

The current House debt ceiling bill provided $886 billion in defense spending for fiscal year 2024, an increase of 3% year over year. That figure rose to $895 billion in 2025, an increase of 1%.

But GOP Sen. Susan Collins of Maine called this “woefully inadequate” Thursday, arguing that a 1% increase did not keep pace with inflation, so in practical terms, it was actually a decrease in military funding. The solution came in the form of a rare joint statement from Schumer and Senate Minority Leader Mitch McConnell, R-Ky., which was read on the floor.

“This debt ceiling deal does nothing to limit the Senate’s ability to appropriate emergency supplemental funds to ensure our military capabilities are sufficient to deter China, Russia and our other adversaries and respond to ongoing and growing national security threats,” Schumer read. “Nor does this debt ceiling limit the Senate’s ability to appropriate emergency supplemental funds and respond to various national issues, such as disaster relief, combating the fentanyl crisis or other issues of national importance,” said Schumer.

The Hill:

The normally slow-moving chamber raced through a dozen votes in just over three hours. ...

A total of 31 Republicans voted against the measure ...

Just four Democrats voted against the measure: Sens. John Fetterman (Pa.), Ed Markey (Mass.), Jeff Merkley (Ore.), Elizabeth Warren (Mass.), along with Bernie Sanders (I-Vt.). ...

The legislation would provide $886 billion for defense, which negotiators described as a 3 percent increase, and $637 billion for non-defense programs, according to a White House summary. ...

Senate Republican Whip John Thune (S.D.) said McCarthy didn’t sign off on the agreement between Senate leaders and defense-minded GOP senators. ...

Asked how confident he is about a defense supplemental spending bill passing later in the year, Thune said, “hard to say.” 

“It was important for some of our members have folks on the record acknowledging there clearly could be a need, will be a need for our national security interests,” he said.

Wednesday, May 31, 2023

The US House passed the debt ceiling compromise 314-117 this evening

 

Seventy-one Republicans and 46 Democrats voted against the bill in the House — mostly liberals and conservatives protesting specific provisions of the bill. Their numbers, however, were never a threat to the bill’s passage because of a hodgepodge of moderates and leadership allies who — despite some acknowledging the bill wasn’t exactly what they wanted — threw their support behind the measure. ...

The Congressional Budget Office (CBO) Tuesday estimated that the bipartisan debt limit deal could reduce projected deficits by about $1.5 trillion over the next decade, a meager assessment compared to the roughly $4.8 trillion the nonpartisan scorekeeper said the GOP bill would save. ...

While votes on rules, which govern debate over legislation, typically break along party lines, 29 Republicans broke from the GOP and opposed the rule on Wednesday as a way to boycott the debt limit bill. Shortly before the vote closed — as the bill was poised to be blocked — 52 Democrats threw their support behind the rule, bringing the final vote to 241-187 and allowing the debt limit bill to advance to the floor for a full vote.

More.

Lesbian couple still obsessively testing and masking, even outdoors, and up-to-date on their jabs, has COVID-19 land at their door anyway

 

In the past two years, my partner and I have taken more at-home COVID tests than we can count. After our first test in 2021, we obsessively checked every few seconds to see what the indicator would reveal. Longest 15 minutes ever.

We’re up to date on our vaccinations. We still mask up in stores and on public transportation. We recently attended our first concert in three years and though most of our fellow concertgoers at the outdoor venue weren’t masked, we were. Still we swabbed our nostrils a few days later. Both negative.

So it never crossed our minds as we were about to leave town for the Memorial Day weekend that we would get anything other than the desired result. My COVID test was negative. Hers was positive. A second test confirmed the first.

More.

Tuesday, May 30, 2023

Thomas Massie of Kentucky voted for the rule advancing the debt ceiling compromise to the House floor because the compromise contains the Penny Plan and a return to regular order

 The Penny Plan would be triggered in the event 12 appropriations bills are not passed by Jan. 1 annually, automatically reducing spending 1% across the board.

Ending the present bad habit of omnibus spending bills is essential to a return to good governance and represents a good reason to vote for this bill despite its shortcomings.

 


Massie followed through with his statement during Tuesday evening’s vote when he supported the rule. He also told reporters that he plans to vote for the bill when it comes to the floor on Wednesday after announcing it in a closed-door GOP conference meeting minutes earlier.

“It’s because it cuts spending,” Massie told The Hill Tuesday night when discussing his intent to support the bill.

“Nothing I’ve ever voted on has ever cut spending that’s passed that’s become law; this will,” he added.

During Tuesday’s Rules Committee hearing, Massie highlighted a provision in the debt limit bill that incentivizes Congress to pass 12 appropriations bills rather than relying on omnibus measures to fund the government. The provision threatens to cut government spending by one percent across the board if the measures are not approved by Jan. 1.

“There is one way in which I think this bill got better, and it is this 1 percent cut that we’re all agreeing to if we vote for this bill, Republicans and Democrat, come Jan. 1. If we haven’t done our homework, and if the Senate hasn’t done their homework, and if the president hasn’t signed those bills — so everybody is gonna be in this, responsible for the outcome,” Massie said.

More.

The debt ceiling compromise freezes spending in the next fiscal year about $400 billion too high, and does nothing to pay for the $4.9 trillion added to the debt over and above "normal" deficit spending


The Washington Examiner, here:

In exchange for a two-year hike in the federal borrowing limit, the legislation roughly freezes next year's spending at fiscal 2023 levels, followed by a 1% increase in 2025. The legislation also imposes some changes to work requirements for food stamps and will speed the development of energy projects with permitting reform.

Fiscal outlays for 2023 are projected to hit $5.792 trillion. Adjusted for inflation since 2019 that should be more like $5.385 trillion.

 

 

 

Meanwhile, deficit spending since 2019 through fiscal 2023 has added, will add, $8.5 trillion to the debt, which has been the solution to, and the cause of, all our problems.

We are not governed by serious people.

We have the government we deserve.

Monday, May 29, 2023

The lie of the day comes from Reuters via CNBC

... the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.
 
 
1Q2023 GDP, 2nd estimate: Nominal: $26.4863 trillion.
 
118% is not "roughly equal".
 
And look what has happened to interest payments on the debt, which come out of current revenues. They have gone vertical. At $929 billion annualized, they represent 31.4% of current tax receipts annualized.
 
Everyone minimizing the gravity of this situation is whistling past the graveyard when government social benefits to persons already exceed the tax receipts.
 
This will continue until it can't, and great will be the fall of it.