Saturda’s Wandering Political Thoughts

Some things catching my attention in the week’s news…

I enjoy Ali’s regular offering, Peace & Justice History. Posted every day on Scottie’s Playground, the post provides a high-level recap of the day in history in the realm of peace, law, and justice. I like it as a reminder of the history which has gone before. While there is sometimes a sinking sensation that history is part of a wash cycle, and we’re going through the spin and rinse once again, reading about others stands against war and for justice and human dignity can inspire and fuel my need for optimism.

Infidel753 provided a good overview of the Bond market and the huge implications for the U.S. when our bonds fall out of favor. As several have suggested, the bond market drop probably caused the pause in Trump’s wacky tariff scheme.

“The sale of Treasury bonds is how the US government borrows money.  A bond’s value at maturity is fixed; its initial sale price is lower and is determined by supply and demand, with the difference between sale price and maturity value being the interest paid by the government to the investor.  For example, if a bond is worth $100 at maturity, and you buy it for $95, then the $5 difference is the interest you get on the investment, effectively paid to you by the government.  If you are less confident that the bond is a good investment, and you pay only $90, then your return is $10 when the bond matures, and the government is having to pay twice as much interest to borrow the money from you.  In practice, the sale price of Treasury bonds is set by supply and demand and reflects investors’ collective level of confidence in the US economy at any given moment.

“The reason this matters for the future of Trump’s befuddled trade and foreign policy is that huge quantities of US bonds are owned by foreign governments.  Japan holds over a trillion dollars worth of them, China holds $760 billion, the UK holds $720 billion, Canada holds $380 billion, and many others also hold substantial amounts.  Even by the standards of the US federal budget, these are very large amounts of money.  And these governments have now learned that turmoil in the bond market can get Trump to back down even when nothing else can.

Some hope was found that the Roberts Court finally, finally, took a stronger stance against the Trump Regime’s mass deportation scheme, the one that pretends that due process has no place in the U.S. no matter what the Constitution and legal precedence says. Jennifer Rubin at The Contrarian gave a concise summary of the latest ruling. Now we all wait to see what happens next. I haven’t perused the news yet, but something else may have already happened. Whatever else, the Trump Regime is an evil and diabolical machine in its pursuit of unlawfully getting people out of the country.

Milwaukee, Wisconsin is coping with lead paint in its schools. The Biden administration was working with them to help them out of this mess. Isn’t working for the common welfare one reason for the Federal government’s existence? But under the Trump Regime, the CDC experts who were going to help Milwaukee have been fired. And, the Trump Regime told them that it’s declining their request for help. I’m sure that Milwaukee citizens are probably wondering, why the fuck are we paying taxes, then. I know that would be my reaction. Not sure how this fits, but Wisconsin was a swing state that went for Trump while Milwaukee went for Harris.

A confusing piece was in The Hill. Trump on egg costs: ‘If anything, the prices are getting too low’. It was a real head-scratching read.

‘President Trump weighed in on the cost of eggs around the country, claiming Friday at the White House that the prices are “getting too low.”

Trump praised Agriculture Secretary Brooke Rollins for doing a “great” job and then asserted that egg prices are “down 87 percent, but nobody talks about that.”’  

“Bullshit,” my wife said. “I just bought eggs. They’re not down ’87 percent’. If that’s right, why are they still so expensive in Oregon?”

Yes, it’s something else to ponder.

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.

Tuesday’s Political Thoughts

TL/DR: The Trump/Vance mass deportation plan is morally abhorrent and fiscally disastrous, and Jamie Bouie has a column that effectively explains why.

Mr. Bouie’s column several days ago, Oct. 4, 2024, was The One Thing Not Named Trump That Trump Cares About. He captured what I’d been thinking about and addressing with friends and relatives. Jamie Bouie did it with a style and insightfulness which I lack.

The column begins, “The centerpiece of Donald Trump’s second-term domestic agenda is the mass deportation of what he and his campaign say are 20 million or even 25 million undocumented immigrants.”

JD Vance — and the GOP — are in lockstep with this policy. Mr. Bouie pulls together the disparate segments about the topic of mass deportation: what it would do to our economy in terms of labor and labor costs in different industries; and what it would mean to actually carry out such a project in concrete terms of those important elements of time, energy, and money. Citing information from a new American Immigration Council repot, Mr. Bouie brings the details:

“… a mass deportation plan designed to expel 13.3 million undocumented immigrants over about 10 years would crash the economy, immiserate millions of Americans and siphon nearly $1 trillion from the federal government.”

To deport one million immigrants per year, the report says, “would incur an annual cost of $88 billion, with the majority of that cost going toward building detention camps.” Even assuming some measure of “self-deportation,” the federal government would have to build “hundreds to thousands of new detention facilities to arrest, detain, process and remove” all targeted immigrants, at an estimated cost of $66 billion per year.

On top of that, the government would need to spend $7 billion per year to conduct the arrests, $12.6 billion per year to carry out legal processing for arrestees and an average of $2.1 billion to remove these immigrants from the country. None of this includes the cost of personnel, which could raise the overall price tag quite a bit. “Even carrying out one million at-large arrests per year,” the report says, “would require ICE to hire over 30,000 new law enforcement agents and staff, instantly making it the largest law enforcement agency in the federal government.” Assuming an average annual inflation rate of 2.5 percent, this deportation program would cost at least $967.9 billion over 10 years.

I added the emphasis about the $1 trillion price tag. The GOP speaks with gusto about being financially responsible. Just recently, many Republicans in Congress voted against more funding for FEMA as hurricane season continues because of their concerns over the debt. Adding $1 trillion to our commitments must have them in a tizzy, right? They plan to lower taxes, so how are they planning to raise the cash to pay for their deportation wet dream while not incurring debt?

It’s critical to address this because this is typical of the lack of responsibility, increasing duplicity, and outright mendacity the GOP demonstrates under Trump. Lots of grand promises built on whipped cream pillars.

The American Immigration Council report notes:

  • “The construction and agriculture industries would lose at least one in eight workers, while in hospitality, about one in 14 workers would be deported due to their undocumented status.”
  • …”mass deportation would remove “more than 30 percent of the workers in major construction trades,” nearly “28 percent of graders and sorters of agriculture products” and “a fourth of all housekeeping cleaners.” 
  • “The federal government would lose tens of billions of dollars in federal taxes, including contributions to Social Security and Medicare. States and localities would lose more than $29 billion in tax revenue.”
  • “Overall, the American Immigration Council concludes, “mass deportation would lead to a loss of 4.2 percent to 6.8 percent of annual U.S. G.D.P., or $1.1 trillion to $1.7 trillion in 2022 dollars.” For comparison’s sake, the country’s G.D.P. shrank by 4.3 percent during the Great Recession of 2007 to 2009.”

Beyond the economic and business impact, Jaimie Bouie brings up a more critical aspect about the morality of such a move like mass deportation.

“I’ve been discussing mass deportation as if it’s actual policy — as if it’s just one option among many for tackling the nation’s many challenges. But that’s absurd. Whether or not it works to fix the problems at hand, and it doesn’t, the mass deportation of 20 million to 25 million people — which is to say the forced detention and relocation of about 6 percent to 8 percent of the current U.S. population — is a human rights abuse. It would make the United States a pariah state. And it would violate the fundamental principles of the American creed, the core belief that “all men are created equal,” that they are “endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

Bingo. This is exactly why Trump is such a threat to U.S. democracy and freedom. To achieve his political ambitions, he’s willing to promote abdicating multiple basic tenets of our nation’s foundations.

And it’s so grindingly typical of the modern GOP. They’re employing doublespeak. Those of us fervently following the election campaigns and Project 2025 read of their intentions and see that they’re suggesting that to go forward, we must go backwards; to be free, we must imprison others; to follow the path set out by our nation’s founders, we must turn our backs on them.

Voting for Trump and this platform makes no sense unless you are backward, narrow-minded, bigoted, racist, and sexist, and lack critical thinking skills. Or you’re a one-issue voter, supporting, for example, ‘lower taxes’. So, tell me, or great thinker, how will the GOP accomplish their goals of mass deportation with lower taxes while reducing the debt?

Well, we know what will happen. The GOP will lower taxes for the wealthy and corporations, cause they’re the ‘wealth creators’ (a wholly disproven and laughable position). And they’ll raise taxes on the poor and middle class through service fees and local taxes. See Ohio as an example of how this works out.

The third and fourth reasons you might still vote for Trump is that ‘you like him’ (which, to me, goes back to being narrow-minded, bigoted, racist, and sexist), or as we’ve witnessing with too many voters these days, you’re not paying attention.

Read all of Jamie Bouie’s column please. And vote blue in this election cycle.

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