Archive for 2022

YOU KNOW WHAT ELSE WOULD HELP? NOT SPENDING TRILLIONS ON BULLSHIT. NY Times Op-Ed: A Progressive Consumption Tax Could Help With Inflation.

Also, instead of “dialing taxes up and down” to suit the economy, how about stable levels of taxation that let people plan and invest? Insufficient opportunity for graft there, I suppose.

KRUISER’S MORNING BRIEFING: Can a Republican Majority Rein In the Lawless DOJ? “The party has an annoying history of talking a big game when it’s in the minority, then just behaving like grandstanding bureaucrats once it’s back in the majority.”

NO, SHE REALLY DOESN’T: The Stock Market Made Nancy Pelosi Rich. Now, She Wants To Ban Her Colleagues From Trading.

Pelosi’s portfolio has performed remarkably well during periods of financial turmoil, her financial disclosures show. Her estimated net worth skyrocketed at the onset of the Great Recession, going from $31.4 million in 2008 to $101.1 million in 2010, a 220 percent increase in a window where the S&P 500 decreased by 13 percent. The speaker also reaped a significant return during the COVID-19 pandemic, seeing her estimated net worth jump from $106 million in 2019 to $171.4 million in 2021, an increase of 60 percent.

Government ethics watchdogs noted glaring loopholes in the Pelosi-backed stock trading bill they say will create new avenues for lawmakers to secretly profit from their positions in Congress.

“To say the bill is weak … would be an understatement. The bill is dangerous. It would undermine what little ethics we have in our federal government,” former director of the Office of Government Ethics Walter Shaub said of the measure.

Shaub noted that the bill would enable lawmakers to enter into “fake blind trusts.” Typical blind trusts, in which a lawmaker’s assets are handled by an independent manager, require trustees to divest whatever officials put in the trust. But the Pelosi-backed bill would exempt trustees from the divestiture requirement, Shaub said.

Cap government officials’ annual returns at the 7% household investors hope to earn, with any excess taxed at 100%.

It’s patriotic!

EVERYTHING IS GOING SWIMMINGLY:

KEEPIN’ UP THE SKEER: Ukraine could recapture Crimea as fleeing Russians continue to flounder.

Western officials have previously considered retaking Crimea by force impossible, because Russia was expected to fight tooth and claw to defend it.

But a senior US officer told The Telegraph that recent Russian military collapses mean “the recapture of Crimea by Ukraine is now a distinct possibility and can no longer be discounted”.

Pushing into Crimea would mean Ukraine going further than the front lines of Feb 23, when Putin ordered the invasion of Ukraine.

Russia annexed Crimea in 2014 and would likely view a ground assault on the critical strategic enclave as a major escalation.

The US official said: “It is clear that Russia no longer has the ability or willpower to defend key positions, and if the Ukrainians succeed in their goal of recapturing Kherson, then there is a very real possibility that it will ultimately be able to recapture Crimea.”

The comments follow those from Laura Cooper, US deputy assistant secretary of defence, who said that Crimea was within Ukraine’s grasp. “And just to be clear, Crimea is Ukraine,” she added.

Putin is likely to disagree, but his opinion is carrying less weight every day.

Related: Russian Frontline Collapsing Due to Lack of Commanders:

Russia doesn’t have the commanders to stop its frontline collapsing, a defence expert has said.

Ed Arnold, research fellow at the Royal United Services Institute, told Sky News: “Effectively, the Russian front has started to collapse.

“When armies collapse like this they need very good commanders to rally the troops, which the Russians just don’t have at the moment.”

He said there were also “no natural defensive positions” around the Russian army.

As Ukraine has already achieved its “primary political objective” – of “showing the West that it can take back territory – and using the weapons systems provided to do that” – he said that it was now liberating as many settlements as possible before winter.

He added it will also aim to ensure occupied territories are in range of the longer-range weapons systems, “so they can further degrade the Russians”.

Stay tuned. A loss of the Crimea is not an existential threat to Russia, but it may be one to Putin.

PJ MEDIA VIP ROUNDUP: Don’t forget that VODKAPUNDIT promo code if you’ve been thinking of joining us.

Matt Margolis: Republicans Are Winning Where We Least Expected Them To. “But perhaps more shocking than any of these is the fact that a Republican may be elected governor of Oregon.”

Chris Queen: When Will Generation X Get a Chance to Lead? “An aging cohort of Boomers and older politicians in both parties grip their positions of power as tightly as they can.”

Yours Truly: I Know the Woke Military’s Dirty Little Secret. “My wife grew up on Air Force bases in Europe. She went to almost nothing but DOD schools. I don’t dare show her this story because you don’t break the heart of the woman you love.”

#JOURNALISM: Paper of Record? NYT’s embarrassing Emily Litella flip-flop on election conspiracy theories.

Democratic election conspiracy theories (even when obviously bogus): Good old fashioned skepticism. Republican election conspiracy theories (even when true): Ridiculous fever dreams. Threat to democracy.

Democratic political violence (even when cities burn): Good ol’ rough-and-tumble politics. Republican political violence (even when it’s imaginary): Insurrection, basically Hitler.

Takeaway: “Maybe next time, reporters can try reporting rather than just regurgitating their own conspiracy theories as ‘news.’ It would save them embarrassing episodes such as this, and might actually allow for the issues of election security to get discussed in a rational manner.” Haha, you guys crack me up.