BLUE STATE BLUES: California Gas Price Averages Soar to All-Time Record High.
Author Archive: Stephen Green
November 15, 2021
BLUE ON BLUE: Obama economist Larry Summers slams Biden on inflation, ‘doesn’t look so transitory.’
“I think the odds are that we’re going to have inflation of a kind we haven’t seen in 30 years, until either the Fed takes some significant move with respect to monetary policy, or until there’s some kind of accident that disrupts the economic growth we’re enjoying.”
“I think it’s possible but quite unlikely that inflation will recede back to its normal 2 percent level without some significant change in the path we’re now — we’re now on.”
Summers continued by pointing out that he things the Biden administration is acting incorrectly and making the situation worse.
Summers has it on good authority not to underestimate Joe’s ability to f*** things up.
CHINA: What’s Driving Xi Jinping’s Economic Revamp? China’s Social Mobility Has Stalled. “As the economy matures, more opportunities go to the children of wealthy and politically connected elites.”
If Xi thinks government intervention will actually reduce inequality, he might be a real Communist after all — or a Democrat.
AT THIS POINT, WHAT DIFFERENCE DOES IT MAKE? Cuomo Playing Stupid in Sexual Harassment Probe? “Before reading this next excerpt, recall that Andrew M. Cuomo’s deposition with investigators from the state attorney general’s office lasted for a reported 11 hours. That means his spoken variations of ‘I don’t recall’ came up an average of 18 times an hour, or about once every three minutes, 20 seconds. In practice, that’s difficult to do without a lot of training and even more coaching.”
KRUISER’S MORNING BRIEF: Evil Democrats Want to Pretend That Inflation Doesn’t Hurt. “Democrats want us to believe that this economical train wreck that Gropey Joe is subjecting us to is somehow normal. Only in the fever-dream of an avowed leftist could this economy be a good thing. It’s gotten so bad for them that they are trying to convince you that the $90 you just spent to fill up your Altima is actually a good thing.”
21ST CENTURY HEADLINES: Drone Swarm Boogaloo. “I’m not much interested in the central question posed by the following video (are drone swarms technically WMDs), mainly because China doesn’t give a rat’s ass about international law. But it shows a variety of different drones being developed in various countries.”
DON’T GET COCKY: Republicans on the Comeback Trail in Pennsylvania.
November 12, 2021
UGH: British Columbia war memorial vandalized with pro vaccine message.
Early Thursday morning Cranbrook RCMP were notified that someone defaced the cities Cenotaph mere hours before the Remembrance Day ceremony was set to take place.
Spray-painted across the memorial were the words “the real heroes are the vaccinated.”
Police, firefighters, and city workers worked diligently to remove the graffiti, and successfully did so before the ceremony and parade took place at 10:15 a.m.
Canada lost more than 56,000 men to enemy action in World War I.
To compare their sacrifices to getting a shot is… typical leftist idiocy.
To vandalize a memorial to them on Remembrance Day… what awful, awful people.
IT’S COME TO THIS: Austrian Brothel Offering Free Jabs for Jabs.
SARAH HOYT’S SHOCKED FACE IS STUCK IN TRAFFIC: Biden Spending Bill Would Break His Pledge on No New Taxes on Middle Class. “There’s also another part of the analysis that doesn’t exactly fit with the Democrats’ claim of hitting the highest earners because it actually gives a break to the wealthy. There’s a provision in the spending bill that would raise the state and local tax (SALT) deduction cap, which ‘would provide almost no benefit for middle-income households’ while benefitting wealthy Americans.”
The Big Guy knows who his friends are.
CHANGE? Europe Is Making — Gingerly — an Opening to the Republic of China on Taiwan. “Earlier this week, a seven-member delegation from the European Parliament landed at the Republic of China capital of Taipei, marking the first official visit by European lawmakers to the embattled Asian democracy.”
A PLATFORM ABOUT NOTHING: Twitter Has a Dirty Little Secret.
To give you an idea of what our company-wide suspension has meant to us in real terms, I want you to imagine a particular scenario.
You’re enjoying a nice conversation in a dark bar when a big, tough-looking guy starts getting in your face, telling you to shut your mouth. You try to ignore him, but the taunting persists. Finally, you’ve had enough, and you tell the bully you’ll meet him outside.
But once you see him clearly for the first time, illuminated under a bright streetlamp, you can tell that the man who looked so big and tough under cover of darkness is actually quite old and much frailer than you’d thought.
That’s Twitter.
Read the whole thing.
WHILE PRESIDENT, REAGAN DESCRIBED BIDEN AS ‘SMOOTH BUT PURE DEMOGOGUE’ IN HIS PERSONAL DIARY: Kyle Rittenhouse’s Mom Slams Joe Biden for Defaming Her Son: ‘He Did It for Votes.’
Of course, it’s been years since Biden was smooth.
EVERYONE IS A CONSERVATIVE ABOUT WHAT THEY KNOW BEST: Mega-rich Pelosi objected to ‘billionaire tax’ in $1.75T spending bill.
PATRIOTS NOT WANTED: Rittenhouse Judge Apparently Loves the USA and the Left Wants Him ‘Removed.’
LIGHTWEIGHT: Michigan AG Nessel Gets Drunk at College Football Game, Wheeled Out of Stadium. “Before the big game, I attended a tailgate on an empty stomach. Much to my surprise, MSU tailgate’s tend to have more alcohol than food, so I thought it seemed like a good idea to eat 2 Bloody Mary’s, since as long as you put enough vegetables in them, it’s practically a salad. As it turned out, this was not a brilliant idea. Also, I might be a terrible bartender.”
FRENCH KISS-OFF: Macron Leaves Harris Hanging, but Even Trump Got a Peck!
I’m old enough to remember when Joe Biden was going to repair our tattered alliances, so he sent… Kamala Harris?
I’VE BEEN WARNING ABOUT THIS SCENARIO FOR TWO DECADES BUT NOBODY CARED UNTIL IT WAS TOO LATE: Inflation Will Make Government Budget Problems Worse.
Now consider the public debt—especially the federal debt that ballooned from large deficits in recent years. (In 2020, federal revenues were $3.4 trillion and spending was $6.6 trillion.) The interest cost of the national debt in 2008 was $253 billion and remained at about that level through 2015. Even though the debt doubled in those years, sharply falling interest rates and low inflation worked to contain costs.
But that was yesterday. With today’s higher inflation and rising interest rates (perhaps with more to come), the Congressional Budget Office (CBO) estimates the interest cost of public debt to be $413 billion in 2021. Obviously, any dollar spent on interest cannot be spent on government benefits and services to taxpayers.
Washington has financed a lot of its bad spending habits with short-term debt that will have to be refinanced just as rates are rising.
