IT’S PROBABLY NOTHING:

There’s a notion that if you want to gauge the future of the economy, just look at default rates for auto loans. When times are good, autos are one item that people typically load up on. As the video points out, the pandemic “stimulus” packages had a whole lot to do with stoking unusually brisk demand for autos that people happily overpaid for. Now they are handing those autos back to the creditors in alarming numbers.

Video at link.

Another leading economic indicator is also flashing red: Walmart Plunges After Slashing Profit Outlook, Blames Fuel/Food Costs.

POTUS TWEET BRAGGING ABOUT HOW MUCH $$ BIDEN’S SAVING YOU IS WRONG IN SO MANY WAYS (EVEN GRAMMATICALLY): One “peson.” “They’re as good at spelling as they are at economics:”

Earlier: Viewers Noticed Something Off About Kamala Harris’ Interview in Louisiana. “Yep, whether it was Essence Fest or the West Wing that had final approval over the backdrop, the typo went unnoticed by everyone…until it was too late. There, as Harris and Palmer talked about the state of the country (more on that later), was LOUSIANA in giant letters over the vice president like the midterms loom over her party.”

In a 2010 article headlined, “Obama’s Hell of a Ride,” John Podhoretz wrote:

Something weird happens when presidencies go wrong — presidents become incompetent at doing the things they were always able to do in their sleep, and their aides follow suit. I noted this when I wrote my first book, Hell of a Ride, about the decline and fall of the first President Bush, back in 1993. When Bush spoke, it rained, and his advancemen weren’t quick-thinking enough to move his events indoors. When he went to Japan on a state visit, he vomited. He was so intent on getting out his message of the day that he referred to it as “Message: I Care.”

But then, this presidency has been going wrong long before it even started.

RESTAURANTS LIKE ‘EM BECAUSE IT’S EASIER TO RAISE PRICES, BUT NO ONE ELSE DOES: Against QR-Code Menus.

BOTTOM STORY OF THE DAY: Samantha Bee’s ‘Full Frontal’ Canceled in Latest Late-Night Cutback.

DISPATCHES FROM THE HOUSE OF STEPHANOPOULOS: ‘Revisionist Nonsense:’ Twittersphere Comes For ABC’s Jonathan Karl When He Claims Al Gore Was A ‘Gracious’ Loser.

But critics were quick to point out that Gore had initially conceded the race — but then went on to withdraw his concession within hours, at which point the battle began in the courts. He continued to demand recounts until the Supreme Court put a stop to that, and only then did he concede again — but he and other Democrats still continued to complain about the results.

“This is total bulls**t. He pretended he lost that election for years after the SCOTUS ruling and years after every recount proved he lost. Nothing compares to the outrageous behavior of Trump since 2020, but don’t pretend Gore was something he wasn’t. It’s revisionist nonsense,” David Bahnsen tweeted in response.

As Dan McLaughlin adds, “Gore did a lot to create the world in which what Trump did was thinkable — and the fact that Gore didn’t go as far as Trump did down that road doesn’t excuse what he did to start us down this road.”

JIM TREACHER: Remember When Biden Said He Had #OilCancer? “It’s been five days since Joe Biden said he got cancer from an oily windshield.”

EVERYTHING IS GOING SWIMMINGLY: Walmart Plunges After Slashing Profit Outlook, Blames Fuel/Food Costs.

TAMARA KEEL: Splitting Frog Hairs: Searching for empirical evidence of firearm superiority can be a useless quest.

TO BE FAIR, THAT DRUGSTORE WAS WEARING ITS SKIRT AWFULLY SHORT IN RECENT YEARS: San Francisco Chronicle tries to blame Walgreens for Chesa Boudin’s failures.

SKYNET SMILES: Chess robot grabs and breaks finger of seven-year-old opponent.

CLIMATE EMERGENCY? RIGHT: President Joe Biden claims America faces a “climate emergency.” Those cranky skeptics at Issues & Insights (I&I) claim Biden’s warning is a “crock.” Why the completely opposite conclusions? Because at I&I they depend on facts, unlike the guy in the Oval Office.

HOW IT STARTED: Minneapolis City Council Calls for Defunding the Police.

How it’s going: Minneapolis neighborhoods hire off-duty officers through ‘crowdfunding.’

Unexpectedly!

NEWS YOU CAN USE: The Most Effective Way to Let Your Congressman Know You Oppose Gun Control.

CRISIS BY DESIGN: Immigration system buckling under pressure from open border, Homeland watchdog warns.

BREAKING: Woman Fires Gun at Dallas Love Field Airport, Police Shoot Back.

READER FAVORITE: Apple AirPods Pro Wireless Earbuds with MagSafe Charging Case. #CommissionEarned

THOSE NEWSPEAK DICTIONARIES DON’T UPDATE THEMSELVES, YOU KNOW: Erick Erickson zeroes in on what the Biden administration’s ‘recession’ redefinition will tell us about the MSM going forward. “We’re about to see just how much the media is over Biden. If they go along with the Biden Administration’s redefinition of what a recession is after four decades of holding it as 2 quarters of negative growth, the press is dead, and only the propagandists remain.”

Previously: What Recession? You Won’t Believe Biden’s Latest Goalpost Adjustment.

HOW IT STARTED: Next mayor wants NYC to be even more of a ‘sanctuary’ for illegal immigrants.

Every single one of the eight Democrats running for mayor vowed to protect illegal immigrants from deportation, solidifying the Big Apple’s often infamous status as a “sanctuary city.”

* * * * * * * *

Entrepreneur Andrew Yang, the son of legal Taiwanese immigrants, said, “I appreciate anyone who comes to this country or New York City for a better life.”

And Brooklyn Borough President Eric Adams said migrants were his neighbors growing up in Queens.

“My mother worked two jobs to provide for the six of us and we had a group of undocumented residents that lived in our community,” Adams said.

The other candidates — city comptroller Scott Stringer, former Obama housing secretary Shaun Donovan and nonprofit leader Dianne Morales — also voiced their support for the Big Apple as a sanctuary city.

—The New York Post, June 2nd, 2021.

How it’s going: New York City Mayor Warns ‘Everyone’s Block Is Going To Be Impacted’ By Influx Of Illegal Aliens.

—The Daily Wire, today.

GOOD QUESTION: The Covid Virus Keeps Evolving. Why Haven’t Vaccines? People are getting “boosted” with shots based on original OG Covid from January of 2020, which is basically extinct in the wild. Each new variant spurs new calls for more boosters, even though each new variant is further from the original model.

KINSLEY GAFFE: Top Democrat Acknowledges the Real Cause of Inflation.

In many ways, Rep. Ro Khanna is a far-left progressive. But the California Democrat also happens to be honest, and more prone to moments of genuine introspection than most in his party. Such was the case when Khanna appeared on Fox News on Sunday and acknowledged one of the biggest causes of our inflation woes that—because it’s politically inconvenient—most Democrats have refused to admit.

“I agree that there’s inflation, prices are up… there are two reasons for that,” Khanna said. “First, the Federal Reserve had quantitative easing for way too long and that was one of the main, primary culprits of this. They didn’t anticipate the inflation, monetary policy is largely determined by the Fed.”

What the congressman is referring to as “quantitative easing” is loose monetary policy, or, crudely simplified, the central bank’s printing of new money. As I’ve previously explained for BASEDPolitics, the Federal Reserve created trillions of new dollars out of thin air to “stimulate” the economy during the pandemic. This had the inevitable effect of making the dollars currently in existence less valuable.

Why, it’s as if “Milton Friedman isn’t running the show anymore.”

MEGAN FOX: Those Strict Rules for Teachers at the Turn of the Century Make More Sense Now.

FLASHBACK: America’s Unregulated Shampooer Menace.

SURE, THAT’S WHY HE SHOULDN’T RUN AGAIN: Don’t Run Joe. Second Terms Suck. “There have been literally no good presidential second terms. (Abraham Lincoln’s started strong, but it got cut short.) Why subject yourself to four more years of misery when you could be spending time at Rehoboth Beach and basking in nostalgic accolades?”

There’s a taste of desperation in Bill Scher’s column, and I have to admit it was schadenfreudelicious.

RIP: Bob Rafelson, ‘The Monkees’ Co-Creator and ‘Five Easy Pieces’ Director, Dead at 89. Maverick filmmaker had longtime collaboration with Jack Nicholson and produced indie classics like The Last Picture Show.

POOR THING: Mummy of the Mysterious Lady may have had nose or throat cancer.