Tag: Paul Krugman

Mundaz Wandering Political Thoughts

I’ve read a number of recent pieces about the economy. They focus mostly on the confusion now seen in the U.S. economy. Why tariffs didn’t increase prices as much as expected. Why customers are so negative about the economy when the numbers aren’t bad. Why consumer spending remains up while consumer confidence is down.

Trump’s antics play much into their impressions. He’s broken trade agreements. Then, by leveling tariffs on everything in the name of national security, he’s shifted expectations. Prices are expected to increase due to tariffs. So are shortages due to tariffs and trade wars. These factors advance negative perceptions of what’s to come. Paul Krugman refers to this as vibecessions. These are vibes that a recession is coming, that the economy is not really doing well.

Well, for one, there’s been some surprise in the tariffs. The effective rate has turned out to be much lower than the declared rates. Part of this is because most economists expect Trump’s tariffs to be declared illegal and withdrawn. They suspect companies are eating much of the tariff costs for the short term so they won’t lose customers. This makes sense, if they expect the tariffs to be short-lived. It also makes sense if you compare the cost of finding and luring new customers to your business compared to the cost of keeping them. Getting new customers is much harder and more expensive. Loyalty, once broached, is very expensive. Then, when the tariffs are withdrawn, companies can, as necessary raise prices under other pretenses.

As for employment and unemployment, economists suggest this is because of uncertainty with the economy. Part of this is due not just to reporting confusion (more on that below), but because of the economic activity being generated by cryptocurrencies and AI developments. Both are areas where vast investments are being made. Both are relatively new. Their actual impact on the economy is uncertain.

This is especially true with AI. Artificial Intelligence. It’s here, but meaningful impact from using artificial intelligence in business to increase productivity and profits is slow to emerge. Meanwhile, huge centers are being built to support AI. These are expensive centers. Their need for electricity will drive up energy costs if they’re not countered by the construction of new energy sources. The Trump Regime’s deliberate decisions to cut funds to build solar and wind farms to generate more electricity puts the nation way behind planning and building new power sources.

Additionally, with so many huge AI centers being built, there will be some which don’t successfully compete and then fail. Think back if you can to when personal computers came onto the scene. So many businesses sprang up to build computers to fill this new need. Likewise, look at the airline industry when commercial airline travel was growing, and how many airlines sprang up and then either got bought up or shut down and faded away. Same with automobile manufacturing. Video renting. Streaming services. Malls. Craft beers and micro breweries. Each advance is littered with the remains of failures.

Plus, there is some fallout that’s going to grow because of provisions in the Big Beautiful Bill. What it will do to healthcare costs aren’t clear. Premiums for many seem to be climbing. How this load on their spending patterns hasn’t been clearly demonstrated. Likewise, cuts to SNAP, school systems, college enrollment, are still to be expected. As Federal funds don’t make it to the state level, state funding doesn’t reach local levels, affecting the economy at multiple levels. Then, too, there is the declining tourism, especially from foreign locations. It’s affecting state economies who depend on tourism, but how deeply will they be affected is the looming question.

Additionally, I think many consumers might be like my wife and me. In my house, we made many purchases with the expectations that the economic crap is going to encounter the economic fan, so buy now, while prices aren’t too bad, while the stuff is available, while we can. Basically, it’s spend more now because we can’t buy later. We deliberately stockpiled things we regularly use, like coffee and canned and processed foods from other countries. We do replenish as we can now, using the same rational.

Beyond those things, we know that Trump is a liar. We’ve also noticed that those surrogates in Trump’s Regime who speak out in public are liars. Not just liars but do everything possible to prop Trump and all things Trump up and light it up in the best possible light. As Trump via DOGE slashed through the government, he broke many things. Among them is the reporting mechanism for several economic indicators. He flat removed people who gave truthful numbers, such as the BLS. That burned him, so he burned them. That’s just the things that came out in public. What’s going on behind in the dark can only be guessed out.

That leaves us confused. Can we trust Trump and the numbers his administration releases? Fuck no. Only fools and sycophants believe those numbers. With that uncertainty, businesses struggle to make any long-term plans, because reality might catch up any day now.

Trump thinks he can keep up his numbers game and lies. We know that’s not true; we see prices rising, causing the affordability issues we’re now facing.

We also have Trump’s personal history. That history shows that Trump’s lies are always exposed. He lied about his accomplishments, his wealth, his businesses, and his prospects. Each time, those were exposed. He was taken to court. Convicted. Filed for bankruptcies to escape his mistakes. Cheated on taxes. Stole money from charities he or his family set up. Used word games and sleight of hand and secrecy to build himself up. But it all catches up to him. Right now, we’re waiting to see what the Epstein files show who he and what he’s done. Trump has been fighting like hell to keep that from happening.

So that’s the thing, for me. Beyond the numbers, there is a simple truth: Trump is a failure who lives behind a curtain of deception. But that curtain keeps getting torn open. When it does this time, it’s going to be a freaking mess.

2

Thirstdaz Wandering Political Thoughts

Paul Krugman consistently writes about the Trumpcession vibes.

Trumpcession vibes are a feeling that things are worse than hard data shows us. My wife and I feel it. Not all of it has to do with Trump. We were forced to change home insurance companies last year because our previous company said they no longer wanted to insure homes in our region because of fires. So that price increased substantially. Electricity prices have gone up. Food prices are up. Coffee prices are up. Gasoline. Some of this is related to Trump’s trade policies and tariffs, and some prices are affected by weather and climate change. The world is complicated. We can make the case that Trump isn’t doing anything about climate change except mocking anyone worried about it, so in that way he’s causing prices increases.

Our household’s Trumpcession vibes arise because we don’t trust Trump to tell the truth. By extension, we don’t trust anyone in his regime to tell the truth, nor any of his supporters. Evidence has been presented that Trump Regime members and their supporters will lie heavily and frequently to make Trump look good. Couple that distrust in them with the soft data of what’s going on, and yes, we have Trumpcession vibes. For instance, how can SNAP benefits be cut without doing damage to the economy? Can’t. The SNAP cuts affect my state, Oregon, and my state government’s ability to help the homeless and needy. The state’s inability to help locally affects our local agencies and governments’ ability to help. From our point of view, it’s all a giant snowball rolling down a steep mountain, gaining speed and momentum, and coming fast. It’s going to be a big mess when that snowball finally slams into the world. That’s how we feel in our household.

It doesn’t help anything that Trump keeps lying about prices and tariffs. Trump insists against the evidence presented that everything is cheaper and getting better. And he lies to convince everyone that he’s telling the truth. But he has a deep history of lying and cheating. Like the boy who cried wolf, we just don’t believe Trump much any longer.

Trump’s Inflation Spin Backfires as Costs Spike Again

I ‘like’ how the story gives Trump the benefit of the doubt and calls Trump’s lies ‘inflation spin’. That’s part of the problem. The media and pundits often sugarcoat the crap that Trump does. Some of that sugarcoating is because Trump, the eternal child-bully, threatens anyone who criticizes him with lawsuits or other punishment, no matter how valid the criticism is.

In other news, Stephen Miller has been speaking out of his ass.

Truth be told, Miller is just mindlessly echoing what Trump mindlessly spews.

Trump calls Democrats who told US military to refuse illegal orders ‘traitors’ who could face death penalty

I’ll be damned. Trump does sometimes tell the truth:

And for those who are always throwing bothsiderisms at the wall to see if they’ll stick, a timely reminder has arrived that the two sides are not the same.

Finally, in response to this Trump rant, we respond…

QUIET, PIGGY!

0

Mundaz Wandering Political Thoughts

My Inner Cynic cracked their eyes opened and cackled. “Huh.”

“What?” I asked.

“I just thought of something.”

That wasn’t news. The Inner Cynic thinks of something two, three hundred times a day. Yet, here they are, saying it like it was important news.

Honestly, I was annoyed. I’d gone back to an article pointed out by Nan the other day: The Anger Games: Who Voted for Donald Trump in the 2016 Election, and Why. After reading it lightly once, I was reading it again as The Neurons pondered the articles’ points, such as this one.

Our starting point is the hypothesis that prejudice is fueled more by aggressiveness than by submissiveness, and that it is accompanied by the wish for a domineering leader who will punish the “undeserving.” This wish is clearly authoritarian in the original sense, but we give the notion of authoritarianism a fresh spin. In contrast to most of the established theories, we posit that people with authoritarian tendencies follow domineering leaders less for the pleasure of submission than for the pleasure of forcing moral outsiders to submit. Vicarious participation in the domination and punishment of out-groups is a core part of the authoritarian wish to follow a domineering leader. Hence, to activate this wish, leaders must be punitive and intolerant. Authoritarianism is not the wish to follow any and every authority but, rather, the wish to support a strong and determined authority who will “crush evil and take us back to our true path.” Authorities who reject intolerance are anathema, and must be punished themselves.

Yes, I understood that. Trump obviously and clearly sharply embraced the idea. It’s one of his central policy pillars, sharing space with “Love and obey me,” “Don’t trust Democrats,” “Facts are fake news and don’t trust the media,” “Fuck you, I’m getting mine,” and “Violence is peace.”

The inner cynic said, “Well, what if Trump is blustering and threatening those other countries to provoke them back into attacking us?” As The Neurons stewed on this, the Inner Cynic continued, “You keep thinking that Trump hasn’t learned lessons from the history. But that’s on his own. The Heritage Foundation is propping him up and guiding him. They know history. They know how popular George W. Bush became after terrorists attacked the United States on 9/11. His approval ratings shot up overnight. Then almost everyone rolled over to give him (and Dick Cheney) whatever they wanted in the name of patriotism.”

“Yes, and that culminated in those disastrous wars in Iraq and Afghanistan.”

The Inner Cynic chortled. “Yes, and you remember that. You also remember that you were furious when revelations came out later about how the United States was conned into war. You were mad because you saw it coming and predicted it. Then people responded to the revelations with statements like, ‘they fooled us all.'”

“That’s right. They didn’t fool us all. I wasn’t alone in that. I was following Krugman, Olbermann, and other, even Colin Powell, who was against the war before he was for it. That Bush Administration was using information from the intel source known as curveball because he was always lying, for god’s sake. People were acting like brainless zombies.”

“That’s the point, though. How many Americans will remember that crap? You pointed out that the terrorist attacks were a result of failed American policy where we secretly killed people and manipulated others in secret.”

“Again, that wasn’t me, I just — “

“Tut, tut,” my Inner Cynic interrupted. “Let me finish. The point, to finish, is that you think Trump is doing the same thing without realizing what happened before.”

“Right. Because Trump is pretty damn dim.”

“Yes, but the Heritage Foundation folks aren’t. They’re the ones advising, guiding, and goading him. They’re the ones who put stupid, unprincipled people in charge of various departments, people like Noem, Hegseth, Kennedy, Bessent, Miller, Patel, who will do whatever the fuck Trump orders, regardless of law, logic, and precedence.

“There is a reason why there are no guard rails in 47’s Regime. And there’s a reason for the constant chaos and impulsiveness.

“And there’s a reason for his saber rattling.”

Closing their eyes, the Inner Cynic sat back. “And that’s why Trump doesn’t care about falling approval ratings. That’s why he doesn’t give a shit about the laws, the government shutdown, starvation, or inflation. Why he doesn’t care about accountability. He’s going to keep attacking other groups and nations with limited military force until one of them makes the mistake of attacking us back, giving him a firm reason to unleash the full force of the U.S. Army, Navy, Air Force, and Marines. And Congress will approve it because the homeland was attacked, and the MAGAts will roar their approval, and all those other low-informed people who don’t pay attention will roar right along with them.”

“I hope you’re wrong,” I answered.

The Inner Cynic smiled. “We’ll see.”

4

Twozdaz Wandering Political Thoughts

There are many news stories out there to concern and anger me about the Trump Destruction Machine. One points to how the Trump Regime repeats failed ideas while expecting different outcomes. Racism and sexism comes to mind, as does reckless huge tariffs, and giving tax breaks to the wealthy. None have panned out, except for very short terms. They are not sustainable.

Another of these is the Trump Death Machine’s attack on Venezuela boats, killing people without war being declared, without due process, without evidence. Trump is following a dangerous and problematic policy that has historic precedence. Policies like his led to terrorist attacks on the United States that culminated in the disaster immortalized under another Republican POTUS, 9/11. Sooner or later, some relatives or political leaders will say, “Fuck him,” and counterattack. I don’t need to engage much imagination to conceive of multiple deadly ways in which the United States can be struck. This is simply a losing course. Trump is too ignorant, shallow, and arrogant to understand.

The same can be said for Trump’s tariffs. It’s hilarious to read his reaction to China’s moves when they mirror what Trump has done and continues to do. It’s like Trump had no idea that other nations would not just bend the knee to him and do as he says — and not as he does. Paul Krugman has more lovely details about it. As Krugman points out, ‘”Gosh. Aggressive unilateral trade action is a “moral disgrace.” Who knew?’

Courts and judges are pushing back against Trump’s one-story vision of ‘blue’ cities teetering with destruction and violence. Trump claims they’re on fire, burning down, etc. The evidence isn’t there, but that doesn’t stop him. Just as with Trump’s hugely fake ‘the 2020 election was stolen’ campaign, where courts consistently ruled against him and his surrogates because the evidence for his claims were not there, the same result is happening as people take Trump to court for sending the military into Portland, Chicago, etc. The evidence is not there, and the courts are telling him so. The danger here is that the Roberts Court will take it up, shrug, and overturn these rulings without explaining why. We know why, of course; the Roberts Court is deeply implicit in trying to establish Trump as the first Dictator of the United States.

Turns out that MAGA and I have something in common. When Pete Hegseth, Trump’s proxy in the War Department, announced that Qatar would build a military base on U.S. soil, I reacted with a furious, “WTAF?” Apparently, MAGA reacted in the same way. Didn’t know that at the time, but I saw the spin a few hours later as the Trump Regime pretended, “No, that was fake news, Qatar is not building a U.S. military base. They’ll be hosted on a U.S. base, just as we do with other allies.”

MAGA balked at Team Trump’s Qatari air force base. So now it’s a ‘fake story.’ | Opinion

Finally, just as seen and predicted, with school back in and the Trump Regime virulently rising up against vaccinations, cases of measles are rising again.

More than 150 unvaccinated students quarantined in South Carolina measles outbreak

Minnesota’s measles case count jumps to 20, with most unvaccinated children

Central Ohio declares new measles outbreak linked to New Albany school district

Measles cases in the US continue to rise after already reaching highest count in 30 years

Don’t you we’re on the eve of destruction?

2

Wenzdaz Wandering Political Thoughts

Breathe deep, I remind myself. So much shitty news roils my complacent sailing. I seethe against Trump and the GOP. My specific seething target is that waste of space, Mike Johnson (R) – Hell. When questioned and pressed for an opinion about Trump suggesting that United States cities should be used as a training ground for the military, Johson squirms like a worm putting put on a hook. The Daily Beast reports via MSN.

Mike Johnson Cornered Over Trump’s Dark Military Threat: ‘Answer the Question!’

“I don’t serve in the Pentagon. I run the House of Representatives, and what we need to be talking about today is real harm that the American people are going to feel because of what Chuck Schumer is doing,” Johnson replied, referencing the government shutdown that Republicans are trying to pin on Democrats.

Yes, squirm, worm, squirm!

Shutdown Blues are sweeping the country. Trump seems pretty unconcerned from what we’ve seen and heard of him. Hell, he’s still getting rich, stealing from the government and scamming folks from the Offal Office. More than that, in his altered reality, he’s probably being cheered and feted with confefve from adoring crowds. Yet, coupled with the government shutdown and the impact that’ll splash over into the economy and the United States’ credit and bond ratings, people should be bracing themselves for rising prices, falling services, failing and businesses, and well, greater yet enshittification. This is the kind of event that’ll sweep over all facets of society. Trump seems oblivious, but that just released ADP jobs report is ugly. UPI feeds us the deets.

ADP report shows 32,000 loss in jobs in September

Oct. 1 (UPI) — Private companies’ payrolls dropped by a seasonally adjusted 32,000 jobs in September, according to an ADP report released Wednesday.

The figure represented the largest decline since March 2023. ADP also revised its August numbers — from an increase of 54,000 jobs to a drop of 3,000.

Well, tourism is down. Prices are rising as tariffs kick in and stock built up before Trump’s tariffs were announced dwindle. Beyond that, Trump’s erratic rollout, as consistent as a tide on a stormy beach, confuses business leaders and encourages distrust. Disrupted supply chains and doubtful, worried consumers encourages suspicions about what will happen next. Trust, once broken, isn’t easily regained.

UPI‘s story goes on to note,

The ADP report showed a 28,000 overall drop in service-related jobs, including leisure/hospitality (19,000), professional/business services (13,000), financial activities (9,000), trade/transportation/utilities (7,000) and other services (16,000). There was a rise in education and health services jobs — by 33,000 — and in information jobs — by 3,000.

Meanwhile, MarketWatch reports on deeper, ongoing problems.

The vital signs for the U.S. jobs market were already flickering before the employment report was delayed. Just how bad is it?

The health of the labor market is the single biggest worry of the Fed — even more than a recent rise in inflation. The central bank trimmed a key U.S. interest rate in September in what appears to be the beginning of a rate-cutting cycle to shore up the economy.

Most top Fed officials continue to call the labor market stable. Yet they are increasingly alert to the possibility of “more meaningful and unwelcome increase in the unemployment rate” that could damage the economy, as Boston Fed President Susan M. Collins said Tuesday.

But is the labor market really stable? On the surface, it appears so.

The economy is still adding jobs, if at a glacial pace, and the unemployment rate is quite low historically at 4.3%.

The number of people applying for unemployment benefits each week is also surprisingly low, a sign that businesses are mostly avoiding layoffs. Instead, they simply aren’t filling open positions after former employees leave — what economists call “attrition.”

Dig a little deeper, though, and the vital signs for the labor market don’t look nearly so good.

Start with a decline in hiring — the number of new hires per 100 workers. The hiring rate among private-sector businesses fell again in August to 3.5%, matching a five-year low.

The slowdown in hiring is glaring in the most recent U.S. employment reports. The economy added an average of just 25,000 new jobs a month from May through August, marking the weakest four-month stretch since 2010, ignoring the COVID-19-era period.

Not only that, but employment actually fell in June for the first time since 2020.

“Low hiring remains the main driver of weaker labor market,” economists at Citi Research said.

Trump has a proven history of trying to hide from facts and pretend that all is not just great, but the greatest ever. It’s not a deep surprise that the BLS Jobs Report will be delayed. Many, including moi, think Trump’s minions will outright game the numbers to tell a wholly different story. While that might appease his MAGA base and buy time with lockstep Republicans, business people, critical thinkers, and, well, citizens residing in the real world will react with greater distrust and suspicion.

Seasonally, we should be seeing a jump in sales and employment in the United States. It’s the economic fourth quarter. Black Friday is coming, along with the big holiday season that so many love and loathe. The portents are mixed about what will happen. As Paul Krugman likes to remind us, hard data is catching up with soft data.

Time will tell for us but despite his appearances, Trump knows the clock is running. Tick, tock, TACO, tick, tock.


4

Thirstda’s Wandering Political Thoughts

After four months, it’s Little PINO TACO’s economy. Reuters.com has a neat recap of the situation as of today.

US labor market showing cracks; corporate profits post largest drop since 2020

  • Summary
  • Weekly jobless claims increase 14,000 to 240,000
  • Continuing claims rise 26,000 to 1.919 million
  • Corporate profits fall $118.1 billion in first quarter
  • Economy contracts at 0.2% rate in Q1 by all measures

WASHINGTON, May 29 (Reuters) – The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May, suggesting layoffs were rising as tariffs cloud the economic outlook.

The report from the Labor Department on Thursday showed a surge in applications in Michigan last week, the nation’s motor vehicle assembly hub. The number of people collecting unemployment checks in mid-May was the largest in 3-1/2 years.

The dimming economic outlook was reinforced by other data showing corporate profits declining by the most in more than four years in the first quarter, pulled down by nonfinancial domestic industries.

A U.S. trade court on Wednesday blocked most of President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority. They were temporarily reinstated by a federal appeals court on Thursday, adding another layer of uncertainty over the economy.

“This is a sign that cracks are starting to form in the economy and that the outlook is deteriorating,” said Christopher Rupkey, chief economist at FWDBONDS. “There is nothing great about today’s jobless claims data and the jump in layoffs may be a harbinger of worse things to come.”

Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 240,000 for the week ended May 24, the Labor Department said. Economists polled by Reuters had forecast 230,000 claims for the latest week.

They said Trump’s aggressive trade policy was making it harder for businesses to plan ahead, a sentiment echoed by a Conference Board survey on Thursday, which showed confidence among chief executive officers plummeting in the second quarter.

Click here to read the rest.

Meanwhile, as the economy begins to show the cracks all of us expected with TACO’s economic policies, Paul Krugman adds insights into how TACO’s malicious stoppering of foreign students at US colleges and universities will impact the economy.

America Turns Its Back on the World

My wife and I are co-authors of a widely used textbook on the principles of economics, which is revised on a three-year cycle. When a new edition comes out, I normally visit a number of schools that might adopt it, usually giving a big public talk, a smaller technical seminar, and spending some time with students and faculty. I enjoy it, by the way; there are a lot of good, interesting people in U.S. education, and not just in the high-prestige schools.

So it was that at one point I found myself visiting Texas Tech in Lubbock. Yes, it seemed pretty remote to someone who has spent almost his whole life in the Northeast Corridor, but as usual the overall experience was very positive. And it was also surprisingly cosmopolitan: there were students from many nations. I just checked the numbers, and currently 30 percent of Texas Tech’s graduate students are international.

So it is all across America. Our nation’s ability to attract foreigners to study here is one of our great strengths. Or maybe I should say was one of our strengths.

According to Politico, a cable from Marco Rubio, the secretary of state, has directed U.S. embassies and consulates to halt all processing of visa applications from foreigners hoping to study in the United States. This is reportedly a temporary measure in preparation for a new system in which would-be students will be screened on the basis of their social media history. And you can be sure that the criteria for denying entry will go far beyond, you know, advocating terrorism. Probably asking “Why was Trump talking to West Point grads about trophy wives?” will be grounds for rejection.

This completely insane policy move is presumably a temper tantrum in response to a court’s rejection of the administration’s attempt to prevent Harvard from admitting foreign students, which was in turn a temper tantrum in response to Harvard’s rejection of demands from Trumpists that they be allowed to dictate the university’s hiring and curriculum.

The courts will probably reject this policy move, too, but I worry that Rubio and co. can put enough sand in the gears of the visa process to bring the entry of international students to a near halt. And even if they can’t, the clear message to students that they aren’t welcome (and may be arrested once here) will have an immensely chilling effect.

It’s hard to overstate the self-destructiveness of this move, and the war on higher education in general. This is madness even in purely economic terms.

We don’t often think of education as a major U.S. export, but it is. International students typically pay full tuition and require little or no financial aid. Here’s “education-related travel,” basically international students, compared with some other major U.S. exports:

Source: Bureau of Labor Statistics

And because international students typically pay full freight, while domestic students often don’t, foreign students help support higher education financially. That’s a big deal. My sense is that most people have no idea how important higher education is as a source of jobs, many of them middle-class. Here’s a comparison of employment in “Universities, colleges and professional schools” with employment in some politically prominent sectors:

Source: Bureau of Labor Statistics

Apparently, Making America Great Again means destroying one of our most successful indust

Click here to read the rest.

Little PINO TACO leads the gang who can’t think straight. If you belive they don’t now what they’re doing.

0

Thirsta’s Wandering Political Thoughts

It’s Trump’s morning in America.

“The stock market is down over fourteen hundred points,” my wife greets me.

“Hey girl,” I answer. “Good morning.”

If my wife seems gleeful about the stock market, it’s because she’s angry. Bottom line, she’s in the FAFO camp. Reads ‘The Leopard Ate My Face’ tales daily. Spoons up all those tales about Trump supporters and apologists who are now Trump victims.

Trump said he would do tariffs when he ran for POTUS in 2024. Professional economists have almost all agreed, bad, bad, bad, bad, terrible idea. Trump always thinks he knows better than everyone else. He usually doesn’t. I mean, this is the guy who bankrupted a casino.

Facts don’t matter to Trump. You knew that if you watched his tariff announcement yesterday. He displayed a chart with bogus tariff info. It shows tariffs imposed on U.S. goods. Almost all those supposed tariffs by other countries are inflated by significant amounts.

With almost no surprise, then, worldwide markets dropped after his tariffs announcement.

Some people rationalize what Trump is doing as necessary. They prophesize Trump’s tariffs will bring jobs back to the United States. Factories will spring up like mushrooms after a rain across the nation. And those factories won’t use robotics, as many modern factories do. No, they will employ human, American workers. Even though the U.S. must import many of the raw and finished materials used in modern products, imported materials which will be high-priced due to Trump tariffs, those goods produced in these new factories will be amazingly cheap because they’re made in the U.S.A. There won’t be any profit taking and price gouging, because that’s not how corporations work in the United States. And the workers in those factories will be magnificently compensated for their hourly labor because companies in the United States are known to generously pay hourly employees. Why, it’ll be the greatest economy ever!

If you believe all that, I have an automobile manufacturing plant in Ashlandia to sell you.

4

Frieda’s Wandering Political Thoughts

The Great Deflector blames ‘globalists’ for the market drops.

Later in the same press event, Trump again blamed globalists for the market downturn. “I think it’s globalists that see how rich our country’s going to be, and they don’t like it.“

What an absolute crock. Couldn’t be the old standard of people and institutions who invest in the stock market were protecting their profits and selling stocks, could it? Oh, no, he has to pull up some bullshit bogey man.

Then again, PINO Trusk isn’t a deep thinker. Not a sharp guy. Doesn’t understand the global network of finance, manufacturing, and supply chains at all. Nope. He prefers a stone-age ‘isolationist’ approach. Thinks that will ‘make America great again’.

Meanwhile, treating your friends like shit ends up with them getting pissed at you and treating you like shit.

Ontario cancels Starlink deal over US tariffs — Italy may follow due to US pullback from Europe

Ontario Premier Doug Ford said that he would cancel the $100 million deal the Canadian province signed with Starlink in response to Trump’s 25% tariff on Canadian goods. He’s also imposing a 25% tax on electricity exports, with New York, Michigan, and Minnesota being the most affected. CBC also reports that U.S.-based companies are banned from procurement contracts with the province.

X Threatens Our Democracy. Canada Should Ban It

Last year, as the U.S. government debated and then followed through on banning TikTok, Republican lawmakers advanced numerous arguments against allowing a hostile foreign power to control a significant medium of public discourse.

They said a social media application owned by someone who is close to an autocratic leader might be used as propaganda.

They said the amount of data harvested by the app from users’ phones could pose enormous security risks, providing information to the security services of a hostile power.

Of course, I might be in the minority in my concerns about PINO Trusk.

What Big-Business Leaders, Including Democrats, Say Privately About Trump

One Wall Street executive told me that Mr. Trump remains better than any of the alternatives. Another — citing Elon Musk’s government shake-up — said he likes what he sees so much, he now regrets voting for Ms. Harris.

It wasn’t just that this group resented Mr. Biden’s intrusive regulatory policies. They didn’t like diversity, equity and inclusion policies either — or anything they derisively described to me as “woke stuff.” Now executives and bankers alike (my circles tilt a bit toward Wall Street) are celebrating early signs of a reversal.

I’m not really astonished by claims that business leaders ‘favor’ PINO Trusk’s trash and burn approach. Stories are rising across the political spectrum about people who first cheer the Trusk Regime’s behavior. Then they’re personally affected, and the song they’re singing goes from praises to complaints. So, as PINO Trusk burns supply chains, declares tariffs (and reverses them), and alienates markets and customers outside of the US, we’ll see how they’re feeling in a few months. Sure, they’re wealthier; their wealth cradles their asses as we go through chaos and inflation.

Or, as Paul Krugman stated it, One thing that really struck me from Rattner’s piece — something I’ve heard from other sources — is that big businessmen think Elon Musk is doing a good job. I guess this is one of those cases where power and privilege make you blind to things that are obvious to everyone else.

After all this fucking around, I’m waiting to find out.

0

Thurzda’s Theme Music

A stiff wind was rockin’ us last night in Ashlandia. As night came on shift, I watched our outside temperature drop to 34 F and then rise to 37 F. Rain fell and the temperature kept sneaking up outside as the wind barked at the moving branchs and howled at the sky. It’s not 41 F. ‘They’ have notified us that 51 F is possible as a high. The wind has skipped into a more mellow mood, sunshine has found a place in the sky, and all seems momentarily well on this day, Thurzda, Feb. 13, 2025.

Snow remains out there in force but its presence is shrinking. Bushes and trees continue their recovery. Fallen branches and trees around the city are being collected, cut up, moved away. If a bit more snow can melt off the piles lining the roads, we’re almost be back to normal.

Many are commenting on the bizarro Oval Office presentation by PINO Trusk. The elected half sat in a chair doing nothing and little vacuous. The other paced and made claims about finding and eliminating fraud. He made wild claims but stayed with the GOTP M.O. of offering no evidence or facts to back the claims. Looked like a Banana Republic Production to me. Paul Krugman did a nice take down of it in a post titled, Elon Musk Is Faking It.

Bet you saw the news that the GOTP wants to raise the debt ceiling for PINO Trusk. One reason given for the need for more debt is that ICE is running low on funds. Wow, who would’ve predicted that, right? Well, just ’bout anybody with the wits to realize the enormous costs involved with Trusk’s deportation plans. As seen on TV, the GOTP and their Project 2025 planners are purty damn witless, in addition to being lawless.

The Neurons jumped back to 1974 to find a tune to honor PINO Trusk. With all of his claims, he’s done nothing provable in quest of slaying fraud, as he claims; he’s only made us more vulnerable as a nation, broke laws and undermined justice, broke promises made to his MAGAts (see inflation and the cost of eggs), and sowed disorder and chaos on a national scale.

Stevie Wonder was found to have provided a song for the times. He called it, “You Haven’t Done Nothin'”.

We are amazed but not amused
By all the things you say that you’ll do
Though much concerned but not involved
With decisions that are made by you

But we are sick and tired of hearing your song
Telling how you are gonna change right from wrong
‘Cause if you really want to hear our views
“You haven’t done nothing”!

It’s not too cool to be ridiculed
But you brought this upon yourself
The world is tired of pacifiers
We want the truth and nothing else

And we are sick and tired of hearing your song
Telling how you are gonna change right from wrong
‘Cause if you really want to hear our views
“You haven’t done nothing”!

h/t to AZLyrics.com

I chugged some coffee earlier and I’m pretty well ready to go. Hope you have the plum-est of days imaginable, or some reasonable facsimile thereof. Let’s go get it. Cheers

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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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