Tag Archives: politics

Ross Barnett didn’t invent the big lie, but he was a practitioner. One might even say that Ross was to the manor born. The big lie had been a southern thing from the get go; comes with the turf. First you must lie to yourself, and so they did. Hitler appropriated, without acknowledgment, the concept in Mein Kampf, Chapter 10. That wasn’t all he appropriated from the American South; they had beaten him to a lot of the Nazi shtick. Joseph McCarthy...

Why the reference to the wings in re the two major political parties? Are we being asked to envision either of our two major political parties as a bird, an aircraft. If so, each would surely have two matching wings, one on either side of the body/fuselage. Maybe they meant to make an analogy with the sides of an aisle in a room, or the banks of a river as in rive gauche or rive droite, or to those seated on the far left hand side of the room or on...

MONTHLY CONSTRUCTION SPENDING, APRIL 2021, June 1, 2021Angry Bear Commenter RJS blogs at MarketWatch 666 and presents current economic market information. Estimates the impact of the February and March revisions on the 1st quarter GDP and is estimating the impact of this April report on 2nd quarter GDP (see below past Census reports. ___________________ The Census Bureau’s report on construction spending for April (pdf) estimated that the...

I would watch Elizabeth Warren pummel Jamie Dimon all day. pic.twitter.com/S1XPzMriZf— Sawyer Hackett (@SawyerHackett) May 26, 2021Elizabeth Warren Slams JPMorgan Chase’s Jamie Dimon on Overdraft Fees – Rolling Stone I could watch this over and over. It is similar to when she put the spotlight on John Roberts in the Senate. This is a good take down of Jamie Dimon by Senator Elizabeth Warren. The Senator is relentless. It appears Chase was...

“Revised 1st Quarter GDP Report Still Shows Growth at a 6.4% Rate,” Marketwatch 666, Commenter RJS and analyst The Second Estimate of our 1st Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.4% rate in the 1st quarter, unchanged from the 6.4% growth rate reported in the advance estimate last month, as upward revisions to growth of real personal consumption expenditures and to growth...

April Personal Income Down a Record 13.1%, Disposable Personal Income Down a Record 14.6%, Savings Falls 54.0%, Marketwatch 666, RJS The April report on Personal Income and Outlays from the Bureau of Economic Analysis reflects the partial unwinding of the March government stimulus in just about every metric it tracks except for prices, which are said to be “transitory“, influenced by temporary shortages and supply chain issues….as you’ll recall,...

Lucy will again yank the the football away again after the House sends their bill to the Senate to be voted upon. Sen. Susan (Lucy) Collins (R-ME) on Sunday insists she “strongly” supports a bipartisan commission to study the Jan. 6 attack on the Capitol even though she has threatened to vote against it. Stepping of her foot . . . while clarifying her demands. “First of all, let me clarify my position. I strongly support the creation of...

Bibi Gets To Stay In Office (For Now)  With the welcome cease fire in Israel-Palestine, it looks like Bibi Netanyahu has achieved his near term goal of remaining prime minister of Israel, thus not only remaining power but also out of jail, with barely anybody noticing that he has done this.  His rival, Yair Lapid, who was invited by President Reuvan Rivlin to form a government, was hoping to cut a deal with the Israeli-Arab members of the Knesset,...

First Genetically Modified Mosquito Released in the United States, Nature (News in Focus), Emily Watz, presented by Professor Joel Eissenberg commenter at Angry Bear. Biotech firm Oxitec launched a controversial field test of its insects in Florida after years of opposition from residents and regulatory complications. The issue at hand is whether it is ethical to eliminate a species even though it causes human contagions. This is the first time...

Oil exports drop by the most on record to least since October 2018; global oil shortage at 1.73 million barrels per day, Focus on Fracking, RJS The “global oil shortage” is from my coverage of the May OPEC report, which i’ll paste below; I also revise global oil shortage/surplus estimates for prior months. I don’t know of anyone else who digs this stuff out of this report (a 100 page report is more than most journos can handle)… OPEC’s Monthly...