Tag: economics

Munda’s Wandering Political Thoughts

Recently caught two Paul Krugman articles. I read one yesterday. This was the post where he shared his tale about why he left the New York Times.

His story illuminated a lot for me. As 2024 progressed and I read his opinions, I thought, what is wrong with Paul Krugman? He is so much less insightful and he seems to be leaning toward the NYT bothsiderism plague. I often found myself begin to read him and then close it because, meh. After he left the Times and began writing on his own, I discovered that he’d regained his sharpness. I’m so much happier to have him out of the NYT yoke and free to comment on the world again, especially the Trumpworld.

Times editors — who deny this — became heavy-handed about Mr. Krugman’s opinions and insights. They rewrote his column, forcing him to rewrite the rewrites. It all became so dumbed down that it wasn’t worth reading.

But he’s back, baby.

That’s a natural transition to Mr. Krugman’s column today: Trump Is Doing Exactly What He Said He Would. Who Could Have Predicted That?

When democracies die, big business and wealthy individuals often play a crucial role in their demise. They provide a would-be strongman with financial support; their control of or influence over news media ensures that he receives favorable coverage, while his opponents are trashed. They do this because they expect to be rewarded with policies that favor their interests and imagine that they will in effect be shareholders in the new autocracy.

What comes next is familiar to anyone who studies history (which the oligarchs don’t.) Eventually it becomes clear that they don’t own the dictator they’ve helped install; he owns them. Maybe they’ll like some of his policies, maybe they won’t, but in any case they’re not in control — and they soon learn that criticizing the big man isn’t just fruitless, it’s dangerous.

In the past this script has typically taken a few years to play out, but this is the internet age, so right now in America the process seems to be taking only a few weeks.

Yep, Paul Krugman nailed it. Trump forced the GOP to be remade in his own image as the Grand Ol’ Trump Party. He brought on billionaires who are interested in having power and money. So guess what, GOP stalwarts? You guys aren’t needed any longer.

MAGA supporters? Naw, Trump can show now that he doesn’t give a shit about you, either.

Rural voters and Evangelicals who said that he shares your values, tells us like it is, and says what we’re thinking? You must have been thinking that th United States doesn’t need a democratic republic any longer. You must have thought that your freedoms and rights would be okay because Trump is like us.

If you haven’t realized yet, he is not like you, not unless you’re white, male, wealthy, selfish, racist, and sexist.

As for you folks who thought he would end wars, cut inflation, and make the United States a better place to live, man are you in for a fucking awakening. Talk ’bout woke! You’ll be woke as the deficit climbs and supply shortages and high prices gut the economy. Bet you’ll be woke as inflation rises and rises.

Those of you who wrung your hands and whined, “The Democrats don’t care about the cost of living enough, so I’m voting for Trump,” have fucked around. If you haven’t found out, you will.

I’ll take it back to Paul Krugman’s post from today to close.

As I get ready to hit the publish button, stock futures are down — but not nearly as much as the situation seems to warrant. Investors still seem to believe that there’s a good chance that Trump will use some minor concessions (about what?) to declare victory and dial the tariffs back. As I wrote about the same time Goldman and Dimon were telling us to chill out, this market complacency is a self-defeating prophecy: muted market reaction makes it likely that Trump will continue and expand his trade war.

And even if some of the tariffs prove temporary, the Rubicon has been crossed. We now know that when the United States signs an agreement, on trade or anything else, the president will treat that agreement as a mere suggestion to be ignored whenever he feels like it. That revelation in itself will do huge long-term damage.

All of this was entirely predictable. But there are none so blind as those who will not see.

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Sa’da’s Theme Music

Mood: freezincoffeevated

Ashlandia is sportin’ a frosty crazy frog mornin’. Fog greets our vision in all directions. Frosts offers greetings from the low plants and unpaved ground. Sunshine mingles with fog to inspire bleak graylight. Warmth is an alien suggestion. It’s up to 28 F here, a long way from promises of mostly cloudy sky with sunshine and a high of 50 F. We never crept anywhere near the forecasted claims yesterday as fog declared, “Nope, not leaving.”

I read Paul Krugman’s piece, “Voodoo, MAGA Style”, last night. Krugman covered Scott Bessent, Trump’s pick for Treasury secretary, and his magical thinking about how to change the economy.

Bessent is very much like Trump. Promises are made, details are vague. Dusting off the Wayback Machine, we can revisit Trump’s claim that he’ll build a wall, and that Mexico will pay for it. He’ll replace the ACA. Etc. I recommend you read Krugman’s post about Bessent’s declaration about how the economy will be changed. Because, like Trump’s vaporwords, there are no details, and the promises vanish, often with a defiant stance that goes, “I never said that. That’s a lie. Fake news.” No, I don’t expect Bessent to be different. Maybe, though, he’ll start selling Trump-branded gimmicks to improve the economy. That’s a Trump fave to make money. Natch, Trump will get a cut.

My wife’s exercise routines inspired The Neurons today. She sometimes plays “Head Heart” by Joel Corry and MNEK. Now it’s caught on in the morning mental music stream. Those of you familiar with the bouncy 2020 song will understand. To the rest, I warn you: it is catchy. It is a repeat song choice.

Coffee and I had a morning tryst. Hope your day goes in a satisfying way. Here’s the music. And away we go. Cheers

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Wezda’s Wandering Political Thoughts

Texas and Florida are led by two of the most right-wing, reactionary governors. Governors Abbott and DeSantis constantly assail liberal values such as freedom and equality for all, decrying these as part of that terrible, terrible ‘woke’ agenda. Gadzooks, the woke agenda is so evil, in their minds. Gender recognition, women’s rights, abortion rights, it’s so, soooo horrible to hear them. Why, those liberals, aided by Democrats, are willing to do something about restricting gun rules just cause children are being murdered in schools and mass shootings happen with a sickening regularity. Those damn liberals. And let’s not start them about the climate change hoax, or the environmental protections that allowed much of the nation to have some decent air and water and reduce cancer rates. They get spittin’ mad just thinkin’ ’bout it

One of the favorite tools for these two states is secession. If the nation won’t see things their way, they’ll just leave the nation. That’s how much they love ‘Merica. The way that talk, they’re all give, give, give, getting nothin’ back from those damn Feds except lies, except when a Republican sits behind the Resolute Desk in the Oval Office.

Well, Mr. Paul Krugman has a nice post this week remind us of how that damn Federal government bailed out their states of Texas and Florida a few times. Mr. Krugman is writing in the context of Republican threats to put conditions on helping California recover and rebuild from its horrific wildifires. “Remembrance of Red State Bailouts Past” takes us through a short journey. It’s a fact-based journey, of course. You know how terrible the Republican crowd is ’bout facts. They’ve yet to met one that they like, much less remember one.

Hope you click on over and read Mr. Krugman’s column. It’s important that the rest of us know the facts so we can challenge those ridiculous un-American positions.

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Munday’s Wandering Political Thoughts

PINO*-elect Trump is calling for buying Greenland. What a goofball. Certainly fun to read about him for the crazy factor. It’s like, what will that crazy monkey say next?

“For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity,” Trump wrote in a statement announcing that he chose Ken Howery to serve as ambassador to Denmark.

Sidebar: I think that Buying Greenland and Other Insanity would be an excellent title for Trump’s biography. Feel free to use it.

Back to PINO-elect Trump’s idea. My first question is, has Denmark said that Greenland is for sale? Sure that’s not important to Trump. He likes taking things. Remember, he’s the one who suggest that all he has to do to get a woman is “grab her by the pussy.”

Trump: “Yeah, that’s her, with the gold. I’ve got to use some Tic Tacs, just in case I start kissing her. You know I’m automatically attracted to beautiful — I just start kissing them. It’s like a magnet. I just kiss. I don’t even wait. And when you’re a star, they let you do it. You can do anything.”

Unidentified man: “Whatever you want.”

Trump: “Grab them by the pussy. You can do anything.”

Next question, of course, if he is going to instead pay for it, what is the price? Third in line to ponder is what is PINO-elect Trump’s plan to pay for it? He’s planning to cut taxes and raise tariffs on imported goods, which are both projected to cut revenue. While he’s doing that, he’s going to reduce the deficit, and mass deport millions of people.

I’m guessing that Trump will have to raise the money for buying Greenland in some extraneous ways. Maybe sell some of his bought billionaires on eBay. Putin would probably buy them. Or Trump will do a car wash or bake sale. Can you see a WH car wash? Ten thousand dollars a car. He’ll have the Secret Service do the washing. A bake sale spun right could bring in some cash. First, Trump buys or steals (or calls for them to be donated!) a bunch of baked goods. Then Trump can take a bite of each baked good and sell it for a grand per. “Real Food Certified to have been bitten by PINO Donald J. Trump.” Film him biting each cookie and signing a certificate of biting it. Post it to X. He could sell them for $299 a bite.

I’m sure that whatever he does to raise money to buy Greenland, it’ll be the “greatest and most beautiful thing ever”. Right?

Oh, wait, I know. He can collect and bottle his piss and sell it to raise the money. That’d probably bring in a lot of money. Supporters are sure to buy his bottled piss. I mean, look at how many keep buying his shit.

*PINO: President in name only.

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Tuesday’s Bumper Sticker

Great Bumper Stickers, Cont.

Wholly in sync with my election thoughts, esp. those tariffs, mass deportation plans, and the compounded impact it’ll have on Americans.

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A Time Dream

First, one dream ended. All I remember of it was that Glenn Greenwald was mentioned. Then I discussed someone’s book. No details from that remain with me. In the end, I was trying to explain what I meant but couldn’t think of a specific word. I tried writing it on a white board and wrote in lower case letters in red, ‘threat’. Standing back, I said, “That’s not what I meant to write.”

But a new dreamisode began. I was studying with others. We were a small class, five, learning in an old farmhouse. The other students and I were talking and joking when we were supposed to be studying. I picked up the book to try again. The subject was macroeconomics and my interest in learning it was low.

The teacher, a young, short white man with a black beard, entered and asked if we were ready for our exam. Other students who were younger than us approached our farmhouse. My class watched them out the window. We discovered they’d taken the same course and had already finished the exam. Not only that, but they were ahead of us on lessons.

My classmates and I were dismayed. We were expected to read several chapters, amounting to hundreds of pages, in a few days and then pass an exam on it? I laughed. “I need more time,” I said to the instructor.

“How much time?” he asked.

I laughed again. “A few years.”

Dream end.

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Floofnomics

Floofnomics (floofinition) – A social science that deals with the production, distribution, and consumption of goods and services in relation to household pets.

In use: “In many homes, floofnomics includes losses (thefts, really) incurred by pets stealing food, or taking and hiding other items, such as socks and toys. Few are the owners that haven’t discovered part of their planned meal purloined.”

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Floofanomics

Floofanomics (floofinition) – the costs and budgeting process associated with feeding and caring for housepets. The four pillars associated with floofanomics are, keep your pets happy, get your pets healthy, keep your pets healthy, and keep your pets happy.

In use: “With floofanomics, decisions sometimes become difficult with cats. While dogs seem willing to eat any- and everything, cats sometimes shun what they just scarfed down a minute before. It’s a mystery.”

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Beyond Politics

Beyond politics (like Russia meddling, Brexit, immigration, Black Lives Matter, #Metoo, refugees, and votes of confidence), I’m trying to follow other stories. They’re mostly natural disasters.

I follow the fires out west, naturally. These directly affect me via the smoke polluting the air. I’ve notice a normalization trend emerging. Although the AQI is unhealthy today, people think, “It’s better than yesterday.” They also go without masks because they didn’t feel anything from their exposure yesterday, last week, and last month. Many don’t seem to understand the long-term impact of breathing air loaded with particulates.

I’m following the Puerto Rico recovery because they’re humans, American citizens, and they’re suffering. I’m following volcanic eruptions and earthquakes in several areas, and flooding in the U.S. and India. Our technology allows us to visit disaster scenes. I’m not certain that this is healthy.

I’m following the job situation and housing market in the U.S. Many don’t recall that the way that unemployment is tracked was changed under Dubya in the early years of this century. The change created a rosier view of the economic. Unemployment is declining, they claim, but then note that real wages are slipping for most Americans, and most Americans can no longer afford a home.

I’m following generational differences. The latest generation hasn’t been given a name yet (perhaps that’s their name, temporarily – the Nameless Generation, a reflection of how unknown they are beyond the basics), and we’re still discovering Gen Z’s trends and tendencies. It’s fascinating to see how they compare with the previous generations in their buying habits and preferences. I encounter Gen Z regularly because they’re usually the ones working in coffee shops and restaurants. They seem just like you and I, but this is also a college town, and most of them are white and come from middle-class to upper-middle-class families. I don’t think they’re necessarily representative of the rest, but I don’t know where to draw the line.

I’m following space developments (no, not the space force, thanks), and the discovery of water and exo-planets, etc. Naturally, I’m also following some cultural develops. Some cultural news seeps into my awareness without trying. It’s hard to avoid it, here in America. I’ve also been reading a lot of interviews with authors, and essays about writing. (I’ve also been contemplating other novels to write. I can’t help myself.)

What about you? What are you following?

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What I’m Following

I try to follow the news and escape the echo chambers. Demoralizing as so many American newspapers essentially offer the same take on every story. So vanilla. Meanwhile, columnists along the political spectrum are generally predictable about what they’ll claim, reducing their value. I like jumping out of the US and checking the news on BBC America, and British, Canadian and Australian newspapers for coverage of American events. I still dance through WaPo, SFGate, NYTimes, Boston.com, Forbes and a few others on a regular daily/weekly basis.

I’m following theSkimm because a friend recommended it. They read so I can skim. I wanted to see how they read and interpret.

Longreads take me into places I wouldn’t otherwise know. Longreads offer compelling, vivid stories. They take a lot of time to read. Yes, I read the Nation, the Atlantic, and Rolling Stone, which also have long articles. Oi.

Haven’t seen anything on theSkimm or Longreads about Lionel Shriver’s opening address at the Brisbane Writers Festival regarding cultural appropriation, but there’s an eruption of blog posts, newspaper columns and editorials about the complex, challenging situation. Wow.

Trying to drift into a different direction, I’ve been checking out Merry Jane’s website. Marijuana is morphing into a large and legitimate business in Oregon, with signs like ‘Exit here for the BEST marijuana’ emerging alongside Interstate 5, right beside signs claiming to have the world’s BEST pie.

I delve into Pinterest, FB and Instagram to see what’s bouncing around those places. I still check Flipboard and BillMoyers daily, and read an overabundance of writing blogs and newsletters, along with Wired, Popular Mechanics, the Smithsonian, Union of Concerned Scientists, Delancey Place and EPI when their newsletters arrive.

What are you reading out there? You have any sites that you recommend?

 

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