Monday, May 5, 2025
Sunday, May 4, 2025
Impeach him a hundred times if we have to: Trump lies that jury trials are needed for immigration cases
... "We’d have to have a million or 2 million or 3 million trials", he said. ... That would not require full trials, as Trump suggested. ...
This is the same slow-walking of the law and trying an end run around the law and fundamental disrespect for the law that we see all too often and increasingly from presidents from both political parties.
We are either a nation of laws or we are no longer America.
Sick of this bullshit.
The War Powers clock is ticking: The US military has been bombing Yemeni Houthis since March 15 but the Houthis can still strike Israel
A missile from Yemen halts flights in Israel hours before top officials vote on plans for Gaza war
... Houthi military spokesman Brig. Gen. Yahya Saree said in a video statement that the group fired a hypersonic ballistic missile at the airport. ...
Saturday, May 3, 2025
Trump's tariffs will bankrupt thousands of American businesses and millions will be unemployed as a result
So says Ryan Petersen, founder and CEO of Flexport, in The Wall Street Journal, here:
... If the tariffs on Chinese goods continue at this rate, he says, thousands of American companies will fail and millions of employees will lose their jobs. ...
When the pandemic clogged up supply chains, he rented a boat so he could tour the Port of Long Beach, Calif., and see the bottlenecks for himself.
When he’s not cruising around ports for information, he’s getting it directly from his company’s 13,000 customers. They are companies that sell electronics, furniture, clothing, toys, diapers, pet feeders—basically everything. He makes it a priority to talk with as many of them as he possibly can. ...
This past week, he traveled from San Francisco to Washington, D.C., where he spent two days meeting with government officials to make the case that tariffs pose an existential threat to his customers. ...
Apparently some idiot in the White House fed Trump the $1.98 price of wholesale, unfinished gasoline as the price paid by consumers at the pump
... Trump repeated this inaccurate assertion about three $1.98 states at least three times this week. Then, during a commencement address at the University of Alabama on Thursday night, he used an even lower figure. ...
More.
Friday, May 2, 2025
Federal employment is 1.1% of civilian population in April 2025: This is the swamp billionaires want to drain
The worst it ever got was 2.4% in December 1952 while Truman was still president.
The leisure class of state capitalism has to have something to complain about.
Trump's word is meaningless: Mike Waltz goes from secure job as National Security Advisor to UN Ambassador in a matter of just a few days
Something Elise Stefanik also knows only too well lol.
Trump national security advisor Mike Waltz leaving post after Signal scandal
... Trump earlier this week told The Atlantic that Waltz’s job was secure. ...
Asked if Hegseth would stay in the administration longer than Waltz, Trump replied, “Waltz is fine. I mean, he’s here. He just left this office. He’s fine. He was beat up also.” ...
Once again, Trump is wrong because the executive does not possess the line-item veto
This is simply another example of executive branch overreach.
Funding for NPR and PBS, with which I disagree, is lawful. It has been passed by Congress and signed into law by the executive.
This executive can't simply come along and exercise a veto after that fact.
Rule by executive order is not republicanism.
We are either a nation of laws or we are not.
Trump is the enemy of the America I once knew.
Thursday, May 1, 2025
Resolution by Senators Ron Wyden and Rand Paul to scrap Trump's craziest tariffs fails 49-49
Senate resolution to scrap Trump’s ‘Liberation Day’ tariffs fails despite some GOP support
A Senate vote to scrap President Trump’s wide-ranging “Liberation Day” tariffs narrowly failed on Wednesday, sparing Republicans a second consecutive blow as the president’s trade policy continues to face opposition.
Three Republicans — Sens. Susan Collins (Maine), Lisa Murkowski (Alaska) and Rand Paul (Ky.) — voted in favor of the resolution alongside every present Senate Democrat.
But Democrats ran into attendance problems. Sen. Sheldon Whitehouse (D-R.I.) was absent, along with Sen. Mitch McConnell (R-Ky.), who had voted in favor of a similar bill reversing tariffs on Canada earlier this month.
The final tally was 49-49.
McConnell and Whitehouse had both missed the two votes earlier in the day. One Senate GOP member told The Hill that McConnell was sick and unable to vote. ...
Since 2007 nominal GDP has been growing at a compound annual rate nearly 40% worse than the rate which prevailed from 1947 to 2007
1Q1947-1Q2007: 7.01%
1Q2007-1Q2025: 4.23%
Wednesday, April 30, 2025
Core pce inflation numbers were finally updated in this chart by the BEA at 147pm EDT showing revisions but the same old story: No core inflation progress in a year
Core inflation in Mar 2025 year over year is 2.64%, still ahead of the lowest reading in the last year at 2.63% in Jun 2024.
Core inflation has been sideways for a year and more, and nowhere near 2% or below as in the pre-pandemic era.
The revised 2.96% for Feb 2025 is equivalent to the 2.97% reading in Mar 2024.
That Feb spike helps explain why the 1Q2025 reading was up 3.5% from 4Q2024.
It's nearly noon and this chart of core personal consumption expenditures still isn't updated with the data due out today because the Department of Commerce which oversees the BEA is now run by the incompetent Howard Lutnick
CNBC usually runs a big story on core personal consumption expenditures before 9:00 AM every month when this report comes out, but not now under Howard Lutnick.
Subscribe to:
Posts (Atom)