The Economy, Stupid

CNBC’s previous propaganda on how the US could weather tariffs:

And their tune NOW!

Analyst: “Gee: is the drop in Tesla price due to the tariffs, or his association with Trump?”

Gee, I dunno; considering Trump will carve out a protection for Tesla, as Biden had done [before Musk turned tail], MAYBE it’s the association? Maybe?? [Which was why I found it funny that the newfound poster boy for bad economic times thought his recommending the car would save it!]

Looked to me like the analyst was trying to help Jamie (“Elon is our Einstein…”) Dimon unload all his clients’ Tesla shares.

I guess we were getting sick of all that winning in the stock market, right?

What a relief! What Harris’ had promised.


When you’re homeless because of the consequences of on-again, off-again tariffs, you can now get a lower tax rate…

Howard Lutnick: “Crazy Howard…his [on-again, off-again, on-again, make-it-up-as-you-go-along] tariffs are INSANE!”


Lutnick: “Did you feel deep, deep pain…?”
Bartiromo: “No…”

Hey -if Lutnick gets the opinions of a dozen other people who live in the Hamptons, I think we’ll have a good consensus on the state of the economy!


Something the corporate media is not pointing out (nor, so far, is the Progosphere!): When Wall Street was having sugar candy highs from the corporate tax cuts in 2017-2018, did Trumpkins also credit the setup by Obama and the Fed? No, right?? And yet now they want to blame all their batshit crazy economic antics on Biden.

The Fed had to do one hell of a Hail Mary to resuscitate the economy from what I call “The Great Closing” (the protracted Covid lockdown, which I think was ill-advised…) and the inflationary stimulus spending which followed…

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Note the news source!


Do you want cream with that coffee, Repubs??

In other words: “Resistance is futile”?

I’m sure he is, with all the PERSONAL favors he’s negotiating, with regards to tariff ““deals””…

The problem we are experiencing now is remnant MAGAs and Repubs thinking: “He wouldn’t malevolently destroy the economy for no good reason, would he?”

He has been shown to be a sadist who gets off on watching the suffering of others. His “groceries” statement reeked of: “Oh, you poors! You still have to be worried about GROCERIES. How quaint! I’m going to get a big kick watching what you do when you are faced with starvation…” That malevolence is not logical, but he has no logic; he became a very sick puppy.

The only end to this nightmare is 2/3rds of both the House and Senate saying they have had enough. Another possibility is a judicial challenge, but Roberts and the conservative wing have been shown to be cowardly about that. After we have a disaster area, the Court will just say it was the job of Congress to stop him.

And wait for it: the Repubs in the House will go to him in private and say it has to end, he will feign ending it; and then he will reimpose them -who knows when- and go: “Suckers!” That will be when the holdouts realize that all tariff powers have to be taken away from him…

The story so far: he just did the feign that he’s going to stop screwing with tariffs; the Repubs probably talked to him and threatened it was hitting a point of no return.

Think he’s going to still stop screwing with them after he, the consummate attention-whore, saw how much attention it got him??

And from the when-your-only-tool-is-a-hammer-everything-looks-like-a-nail news desk:

<sarcasm> I can hardly wait for his pick for the Fed Chair…</sarcasm>

We should have a lottery pool on how long it takes the House to sign on to a veto-proof majority and finally take away his tariff toy. My guess? Septemberish (provided he hasn’t done a military coup before then…)

That guess is based on the turnaround time for MAGAs who work and Indies who voted for Bunker Boy to notice the impact when they go shopping for those “quaint” groceries, and go back to their Reps and Senators to give them all hell. Between now and then, he will inevitably abuse it some more, because he will feel he needs to get the world’s attention -that, and to pull down some personal favors from foreign countries. It’s a perk of the job, don’t you know!


But you have latitude as to the levels, timetables, and sectors or products they are applied to. They did it in a completely incompetent way.

They also have discretion to negotiate in private, as opposed to making humiliating public declarations that roil the markets and make negotiations quite difficult…

A Turks Email just now labels the issue of tariffs as “a distraction” from the tax budget they just passed that favors plutocrats. I beg to disagree; this is going to rain down a lot of destitution on people who work and live paycheck to paycheck (not to say that the other issue does not also deserve our attention…)

Willful lawlessness and economic impoverishment of the working class are definitely front-burner issues…

“He’s SO stupid…He’s nuts…” Etc.

I think most of the press is misreading the behavior of Bunker Boy (Murdoch’s Wall Street Journal included…) I have seen it as this simple: He’s mean-spirited; he’s sadistic. He enjoys watching people economically suffer, and he likes that as confirmation that he has power over their lives. Of course, he’d like it if everybody said we were sick and tired of all the winning -but being so incompetent, he can’t deliver on that. So he runs the country as just another one of many failed ventures, and he gets the next best thing for him: he gets his ya yas off on watching many people suffer, and the confirmation he has such power -even if it is an abuse of that power. It’s like a kid kicking an anthill.

I think many are confused by his irrational behavior, but once you consider that, it all starts to make sense.

As to what is the non-stop lying thing about: he is addressing two audiences when he is doing that. He addresses alt-righters and Repubs with a wink: “Yeah, we both know that claim is utter BS -but it will troll the Libs! Won’t that be some fun?!” At the same time, for the gullible who believed it, his take is: “Well, you were stupid enough to believe my claim, so that’s all on you!” (sort of like when he ripped off workers and investors in Atlantic City…)

Also, the nonstop lying is cribbed from Soviet political culture: “we lie…the other side lies…everything is just lies; there are no objective truths that we strive for…” That is the philosophy of Putin and the FSB all the way, who is an unabashed Stalinist.

The economic chaos will not stop until either:

  • congress, or

  • the courts

take the unilateral power to dictate tariffs away from him. Without having done that, he will keep returning to the scene of the economic crime whenever he feels he is not getting the attention he is due in the world press.


Always remember: the corporate owners of the Dem Party delivered us into the hands of this freak by offering nothing new to improve the lot of working voters. If he won, they looked on it as: “worst case, we keep our corporate tax rates that he enacted -no need to offer anything to working voters…”

I sure didn’t vote for him, and expected we were going to get an Open Convention after Biden stepped down.

Besides taking away the power to dictate tariffs, if we don’t have a military junta or illegal State-level vote suppression first, Congress also needs to limit pardons-per-term to 1,000, ASAP. That has NOW become a perpetual source pf lawlessness (as opposed to a previously occasional one, provided you go back far enough…)


Dow rallies 800 points after Trump’s ego is placated.

Such denial; do they really think he won’t pull another stunt to rock the markets, so he gets his attention fix?

Woopty-Freaking-Doo! The States FINALLY do something!!