Archive for 2024

THE END OF LOW INTEREST RATES? Could a Fed rate cut in December be the last of this cycle?

The U.S. labor market continues to show signs of a persistent slowdown. At the same time, inflation data is mixed, with core inflation exceeding expectations while headline inflation continued to moderate. Accelerating producer prices suggest that inflation may be more stubborn than previously anticipated.

Previously anticipated by whom? You don’t need to be Milton Friedman (although it probably helps) to know that Congress can’t conjure a trillion dollars out of thin air two or three times a year without higher inflation.

And the longer interest rates stay high, the bigger a problem this becomes: Average American household has more than $10,000 in credit card debt. “Early results for the fourth quarter of the year show preliminary data for October at a new record high for credit card debt in the month, in absolute terms.”

Bidenomics is working, except for people who buy things or borrow money.

ROGER KIMBALL: Some Modest Proposals for President Trump.

Many powerful figures, some of them former foes, are lining up to visit the president-elect to get on his good side or suggest ideas for him to pursue. The window for getting things done appears to be open, at least for a time. It won’t last long; he has a year, maybe a year and a half, to strike before opposing forces gather to oppose him. He knows he must strike fast and hard while the opportunities are in front of him.

Bearing all of this in mind, below are a few unsolicited suggestions that friends and colleagues, all sympathetic to the new administration, have bandied about in recent weeks in hopes that some of them might be adopted.

To wit:

  1. Fire, remove, or ask for the resignations of all Biden political appointees on day 1 of your administration—all of them, without exception. Any holdovers will block or frustrate your initiatives. That happened last time around. Biden’s people are not your friends.

  2. Have a plan to take over all of the main departments on day 1, even if some of your cabinet secretaries have not been confirmed by the Senate. That may involve temporary appointments or deputies acting in your name. Your lawyers will know how to accomplish that. Time will run out soon enough.

Read the whole thing. As Glenn wrote last month in the New York Post, “Back in 2017, one of my Democratic friends expressed surprise and relief that the Trump administration wasn’t ready with a congressional wish list right off the bat. He had expected Republicans to have bills lined up like airplanes on a runway, but in fact they had nothing beyond their tax cuts.  I expect this time — with both House and Senate more Trump-aligned than before — will be different.”

ABC NEWS SHOULD BE SO LUCKY — OR SMART: Sunny Hostin Days Numbered on The View? “Always take those ‘sources familiar with the situation’ stories with a grain of salt the size of a lakeside cottage, but when one emerges that ‘The View’ host Sunny Hostin might be on her way out, you’ve got to look at recent events before dismissing it out of hand.”

ASKING THE IMPORTANT QUESTIONS: Can DOGE Take A Bite Out Of The Administrative State? “With the Elon Musk/Vivek Ramaswamy-led Department of Government Efficiency (DOGE), Trump47 appears to be doing things differently, not least of which because Trump finally understands how various elements of the Deep State set out to attack him and thwart his agenda.”

ALMOST PLAUSIBLE:

But only almost. We know Biden can’t give a coherent speech anymore.

HULK SMASH PUNY SUBARU! Man Drove Newly Purchased Car Into Utah Mazda Showroom After Being Denied Refund, Police Say.

A Utah man apparently upset with the car he bought was arrested after police say he drove it through the front doors of the dealership when he was denied a refund.

About 4 p.m. Monday, Sandy police were called to Tim Dahle Mazda Southtowne, 10785 S. Auto Mall Drive, where Michael Lee Murray, 35, had purchased a car from the dealership earlier in the day but brought it back several hours later, according to a police booking affidavit.

“Murray returned to request his money back and to return the vehicle that he had bought. However, staff advised Murray that he bought the vehicle ‘as is’ and the vehicle cannot be returned in exchange for his money back. Murray told the manager that since they are not giving his money back he was going to drive his vehicle through the front doors,” the affidavit states.

Murray then walked out of the building, got into his newly purchased vehicle, and true to his word, drove it through the front doors of the building, according to police. Seven employees told officers they had to jump or move out of the way to avoid being hit.

Video here:

VIDEO: How Javier Milei Transformed Argentina in One Year. “Javier Milei was sworn in one year ago, on December 10th, 2023. In his first year as President of Argentina, he has successfully implemented several libertarian policies, and given us a glimpse at what libertarian leadership looks like. Here are his top 5 accomplishments of 2024.”

Video and much more at the link.

WE’VE DESCENDED INTO SOME SORT OF BIZARRE HELL-WORLD IN WHICH PIERS MORGAN IS A VOICE OF SANITY: The Left’s response to the Daniel Penny and Brian Thompson cases exposes their sick hypocrisy.

In an interview that’s gone viral, I confronted [Taylor Lorenz] on my “Uncensored” show Monday night about these repellent comments, asking: “Why would you be in such a celebratory mood about the execution of another human being? Aren’t you supposed to be on the caring, sharing left where, you know, you believe in the sanctity of life?”

To my astonishment, rather than back down — or apologize — she went even further, saying: “I do believe in the sanctity of life, and I think that’s why I felt, along with so many other Americans, joy.”

I was incredulous. “Joy?! Seriously? Joy at a man’s execution?”

“Maybe not joy,” Lorenz smirked, instantly realizing how callous she’d sounded, “but certainly not empathy.”

To which I retorted: “How can this make you joyful? This guy is a husband, he’s a father, and he’s been gunned down in the middle of Manhattan. Why does that make you joyful?”

At which point, Lorenz accused Thompson of murdering “tens of thousands of Americans” with his company’s health care policies, and then repeatedly laughed as we went back and forth over her incendiary rhetoric until I eventually lost my temper and exclaimed: “Taylor, I don’t mean to be rude, but why the f–k are you laughing all the time?”

Staggeringly, her stunningly heartless reaction to Thompson’s assassination has received widespread praise from left-wing social media accounts, which have tried to turn the suspected killer, Ivy League graduate Luigi Mangione, into some kind of sick pinup hero.

And I would bet good money that many of those same people celebrating the murder of a non-violent, non-threatening, non-criminal man in the street were also outraged by the accidental death of a violent, threatening, habitual criminal on the subway.

The reaction to the two deaths has been very illuminating about the woke left’s shocking double standards and warped, hypocritical morality.

They promote the hashtag #BeKind and profess to be so much more caring, sensitive and tolerant than conservatives.

But they also think courageous veterans like Daniel Penny are villains, and deranged shooters like Luigi Mangione are heroes.

If you believe those two things, you’re a disgusting excuse for a human being.

At NRO, Jeffrey Blehar is “Against Cheap Nihilism:”

Rick Perlstein of the American Prospect said, “Just putting this out there: the jacket the CEO-murderer wore is flying off the shelves. That sort of popular anger was there to be harvested this past November by the Democratic Party, were they led with the kind of valor, empathy, and populist courage FDR showed.” FDR was many things, most of them bad, but I would not attribute to him the “populist courage” to murder law-abiding civilians in broad daylight in order to send a message pour encourager les autres.

In a 2008 interview with Reason magazine to promote his then-new book Nixonland, Perlstein, the leftwing author and former JournoList member, said that he viewed [the movie] Bonnie and Clyde as “the most important text” of the ‘60s era New Left:

Reason: You like to mix cultural history with political history. Bonnie and Clyde is one of the central texts in the book.

Perlstein: My theory is that Bonnie and Clyde was the most important text of the New Left, much more important than anything written by Paul Goodman or C. Wright Mills or Regis Debray. It made an argument about vitality and virtue vs. staidness and morality that was completely new, that resonated with young people in a way that made no sense to old people. Just the idea that the outlaws were the good guys and the bourgeois householders were the bad guys—you cannot underestimate [sic] how strange and fresh that was.

In her 1986 book Damaged Gods: Cults and Heroes Reappraised, Julie Burchill compared Hollywood’s late-‘60s cinematic killers to the real-life late-‘60s killers in Hollywood:

In the Sixties the cocaine Communists – natural heirs to the limousine liberals – of Tinseltown demonstrated just how far beyond the mainstream, and just how far removed from ordinary people – film fans – they were by producing a string of films which had violent psychopaths as their heroes. That violent criminals are not rebels, but the warped policemen of poor communities – causing people to lock their doors, stay inside, live in fear – was lost on these butterflies; it is easy to canonize criminals when you have bodyguards. The craze culminated in the making of Bonnie and Clyde, in which two perfectly hideous and brutish murderers of eighteen people of 1934 were turned into two bona fide Beautiful People of 1967. ‘They were young, beautiful and they killed people,’ ran the film’s advertising catchline.

It would be interesting to know if the Manson Gang of Death Valley, frequent guests at the parties on the cusp of glamour and gutter in the Hollywood of the late Sixties, saw the film and heard the slogan and thought of themselves in the same light when they killed the young movie actress Sharon Tate Polanski and six other people in the last summer of the Sixties. They were certainly no uglier than Bonnie and Clyde, although perfectly repellent. They were literally not half as bad – only seven deaths to eighteen. Yet no film would dare show them as sensitive, poetry-writing young beauties forced into their position by an unsympathetic society – Mark Chapman either – and if one did, Warren Beatty et cie would be appalled. Because Bonnie and Clyde – even their names were familiarized to make them sound like a groovy young married Sixties crooning couple: Bonnie and Clyde and Sonny and Cher – killed ordinary people, film fans, while Sharon Tate was a REAL PERSON, one of them, precious. After the Tate murders, the Hollywood brats showed less enthusiasm when it came to giving a makeover to the hideous psycho killers of American folklore and in the mid Seventies the same cocaine Communists were fond of employing the slogan DON’T BUY BOOKS BY CROOKS to blacklist the post-Watergate autobiography of Richard Nixon. But they had been buying something much worse for years – buying murderers’ sweetest dreams of themselves.

On the “Progressive” left, plus ça change, plus c’est la même chose.

LOL, JAKE TAPPER’S SANCTIMONY:

He could’ve been an actor but he wound up on CNN.

ELI LAKE: Assad’s Fall Has Humiliated Washington.

As president, Donald Trump challenged the Obama doctrine. Trump withdrew from the nuclear deal in 2018. On the second day of 2020, Trump ordered the air strike that killed Qasem Suleimani, the Iranian general and architect of Iran’s strategy of building up regional proxies throughout the Middle East.

But after Biden won the 2020 election, the old Obama approach returned. One of the first priorities of Biden’s new administration was to restore the nuclear bargain that Trump tried to scuttle. And Iran’s proxies continued to become emboldened. No worries. National Security Adviser Jake Sullivan boasted last year, “The Middle East region is quieter today than it has been in two decades.” Oops—eight days after Sullivan made those remarks at the Atlantic Festival, Hamas launched its October 7 pogrom.

A year later, thanks to Israel’s robust response, Hamas and Hezbollah are hobbled. Their leadership is largely eliminated, and Assad’s regime has fallen. Obama’s wisdom, in retrospect, looks foolish. It turns out that Iran was not here to stay. It turns out that another regional power—Israel—was able to extinguish much of Iran’s vaunted ring of fire, despite the warnings, arm-twisting, and weapon-shipment delays from the Biden administration. The Saudis, the Syrian people, the Lebanese, and the Israelis had a choice all along. They did not have to “share” the region with a regime intent on dominating it.

So it’s also worth tallying the price of Obama’s strategic patience. The most conservative estimates say that more than 300,000 people perished in Syria’s civil war; others put that figure at closer to 600,000. This says nothing of the 14 million refugees forced to flee Syria after Iran and Russia saved the country’s brutal tyrant. Outside groups estimate that nearly 400,000 people have died as a result of the war in Yemen, a war started by Iran’s Houthi proxies. Lebanon today is nearly a failed state because Hezbollah was the most powerful militia in the country after Iran’s years of intervention. In the meantime, Israel suffered the horror of October 7 and Gazans suffered the war Hamas initiated.

How much of this bloodshed could have been spared if Obama hadn’t clung to the fantasy of a Saudi-Iranian cold peace?

It was my impression Obama was enabling Iranian dominance, not a cold peace. Either way, the results of Obama’s (and then Biden’s) largess toward Tehran were as chaotic as they were deadly.

OLD AND BUSTED: Robocop.

The New Future of Law Enforcement: Robo-Ball! China unveils all-terrain SPHERICAL robocops to chase down, bludgeon, and catch criminals using net-launching cannons.

Chinese robotics company Logon Technology unveiled the RT-G autonomous spherical robot in a “technological breakthrough” the other month.

And despite people believing it was all a bizarre marketing stunt, RT-G bots have actually been spotted the streets of China alongside human cops.

Footage shows one of the beast balls rolling round a city, carefully patrolling for any potential crime that could occur.

The spheres are designed to assist — and eventually replace humans — in dangerous environments and situations involving crime.

The ball beast is able to operate both on land and in water, making it practically unstoppable.

It can also withstand a whopping four tonnes of impact damage to prevent criminals from trying to cover their tracks and kill it.

Despite the RT-G only being able to reach a fairly slow speed of 22mph, it does weigh a back-breaking 125kg.

The RT-G can also be equipped with non-fatal police gear like net guns, tear gas sprayers, some grenades, loudspeakers and sound wave dispersal devices.

You guys all laughed at BB-8 In the Star Wars sequels. Now it’s payback time:

PURSUIT OF EXCELLENCE: Vanderbilt to end ‘inherently exclusionary’ honors program. “Vanderbilt University recently announced plans to phase out its College Scholars Honors Program, replacing it with a new one that is more inclusive and ‘accessible to all students.'”

REUTERS IS “FACT CHECKING” AMERICA’S NEWSPAPER OF RECORD:

Flashback to 2019: The Babylon Bee Satirizes the Absurdities of American Politics. Snopes Doesn’t Seem to Get the Joke.

In 2021, Laurene Powell Jobs’ and Jeffrey Goldberg’s equally far left Atlantic would strike the same pose at being equally clueless about the Bee’s satire:

[Emma] Green: You guys wrote an article in January 2020 that was shared roughly 3 million times, claimingthat Democrats called for the American flag to be flown at half-staff when the Iranian general Qasem Soleimani was killed in an American strike.

What makes this funny? I know that’s the worst question to ask somebody who writes jokes.

[Kyle] Mann: It’s funny because General Soleimani died and then they called for flags to be flown at half-mast. Get it?

Green: But that’s what I’m saying. Besides just saying the joke again, what makes it funny?

Mann: Do you want me to explain the joke to you? Because the joke is that General Soleimani died and Democrats were sad.

If you don’t know why that’s funny, then you’re not the audience for the joke. The funniest part is that it got fact-checked because it was so believable that Democrats would do that. That’s a real honor.

As Steve spotted in 2019, a possible explanation from a Twitter user: “They’re intentionally pretending that these memes are meant to mislead the public so they can claim censorship is necessary to deal with misinformation on social media.”

With the second Trump term seemingly already having started, the legacy media wants very much to resume pretending to be the Central Scrutinizer once again.

JUST WAIT UNTIL TRUMP RESTORES SANCTIONS: Iran in a ‘position of unprecedented weakness’ after the fall of Assad in Syria.

Syria was Iran’s corridor for delivering logistical and armed support to the Lebanese group Hezbollah and to Hamas in Gaza, which helped ensure the security of Axis of Resistance powers while allowing Iran to exercise its influence – and deterrent capabilities – far from its own borders. “Syria represented a springboard for the Iranian regime to project its influence as far as the Mediterranean, and that has disappeared,” notes Jonathan Piron, a historian and Iran specialist at the Etopia research centre in Brussels.

“The Axis of Resistance as we knew it no longer exists,” he says. “With the Israeli operation in Lebanon, Hezbollah is no more. Its capacity for action has been significantly diminished, in any case. Now, Assad’s Syria no longer exists, either. The main pillars of the Axis of Resistance have disappeared. What is left? The Houthis [in Yemen], but they have their own agenda and are far from Tehran. And the Iraqi militias, which have refused to intervene in recent days on Syrian soil to come to the aid of Bashar al-Assad.”

The destruction of the Axis of Resistance is a direct consequence of the Hamas-led attacks of October 7 and Israel’s subsequent offensive, says David Rigoulet-Roze, associate research fellow and Middle East expert at the French Institute for International and Strategic Affairs.

Reminder: Iran’s defeat was made possible by Bibi Netanyahu ignoring Biden’s “Don’t!” instructions.

KRUISER’S MORNING BRIEFING: Are We Ready for Some BLM ‘Winter of Love’ Mostly Peaceful Stuff? “The pathetic BLM posers might want to read the room now. The idiot Obama-era politicians who propped them up all the way through the 2020 rioting have been pushed to the side. We’re not going to be seeing kneeling photo-ops from the Capitol when the Trump 47 crew rolls back into the Beltway in January.”

BILL WHITTLE’S HOT MIC: We need a HERO: Pete Hegseth vs. The Deep State. “The problem isn’t inside the Pentagon. The problem IS the Pentagon. Responsible for spending $825,000,000,000 this year alone, the political and economic pressures to simply continue with the status quo are so monumental that standing up to them is nothing less than HEROIC. Turns out we have just the man for the job.”

Watch the whole thing.