The Angry Bear

As taken from Infidel753‘s Blog, Infidel, “The raid.” Written not even two weeks ago and accurate as to what took place leading up to the raid, reactions by “wingnuts,” and the blogosphere perspective on what they call an illegal raid. Republicans deceiving themselves is still on going since January 6. Rather than aligning themselves with the rule of law, Repubs are off on another journey of denial. They missed their chance to call it quits and...

Just as some of those first to suffer the consequences of Climate Change were those who had been subsisting on marginal lands; some of the first to suffer the consequences of the most recent round of inflation were those who had been subsisting on marginal incomes. This was a lot of Americans. Before inflation, they were barely making ends meet because too much of their too little income was going towards housing. In a more balanced economy, housing...

Joe Manchin came to the table in agreement with the new IRA provisions. This left Senator Sinema as the only one blocking the Inflation Reduction Act. To reach an agreement, Democrats were forced to narrow a key provision of the recently enacted Inflation Reduction Act because of Sen. Kyrsten Sinema, D-Ariz. “We had a senator from Arizona who basically didn’t let us go as far as we needed to go with our negotiations and made us wait two years....

Weekly Indicators for August 15 – 19 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. The continued decline in gas prices has been doing some nice things to other indicators as well. Meanwhile, manufacturing as measured by the regional Feds is getting worse. As usual, clicking over and reading will bring you fully up to date, and reward me just a little bit for my efforts. ...

The Good Note this one on your calendar, the court gets it correct. Just when you think SCOTUS will raise its ugly right-wing head again, it decides differently. I can’t tell you what the votes were for and against. This is an unsigned decision. Mabe the one who ratted on the SCOTUS-Alito’s anti-abortion decision will give us a hint? Haven’t heard much from Ginni Thomas as of late. “Supreme Court issues rare emergency order favoring voters...

Prices of existing homes have probably peaked By now you may already know that existing home sales declined further in July, to an 8 year low (excluding the pandemic lockdown months: This is roughly a 30% decline from their peak, and is certainly a recessionary level. But perhaps more importantly at the moment, it appears that the prices of existing homes have now peaked.  Here is the one year graph from FRED: Since there is no...

David Dayen: The president may soon have an opportunity to remove Louis DeJoy. Later in December of this year, two postal governor spots will be open. The terms of Republican William Zollars and Democrat Donald Lee Moak will expire then. Both Zollars and Moak are allies of Postmaster General DeJoy. At that time, Biden could nominate two of his choices for those spots as replacements. The only issue I see with this plan is Democrats must have...

Are Supporters of Putin’s Invasion of Ukraine Suffering from A Neo-McCarthyism? Recently I have seen claims made on some blogs that those who support the invasion of Ukraine by Russia under orders of its president, V.V. Putin, are experiencing suppression and discrimination that resembles the McCarthyism of the late 1940s and early 1950s in the US. This is also supposedly applying not only to those who fully support the invasion, but also to those...

New jobless claims decline for a (recent) change For the last several months, there has has been nearly a relentless slow increase in new jobless claims. That trend broke, at least for this week.  Initial jobless claims declined by 2,000 to 250,000. More importantly, the 4 week average also declined by 2,750 to 246,750.  Continuing claims rose 7,000 to 1,437,000, the highest since April: Claims have been on track to turn higher YoY in...

In case you missed hearing about it. Jamestown township is located in the mostly Republican Ottawa County, Michigan. The township has refused to pass a new millage for its library. Like Ottawa County, Jamestown Township is Republican, just not as solid. Ottawa County has not voted for a Democrat for president since 1864. Instead of Lincoln, Ottawa County chose McClellan. The township population of ~9,900 is a large part Republican. In a...