Real retail sales disappoints . . . the Doomers This morning’s report on July retail sales once again belies the claim that “hard data” and “soft data” are divergent.. Not only did July come in at a strong +0.6% (+0.5% ex-autos), but June was revised up as well. Given basically non-existent inflation, this means that real retail sales made two more new records for this expansion: In fact, real retail sales look like they are right in line with a...
Read More »One tiny little ray of hope
One tiny little ray of hope After the Charlottesville, VA white supremacy violence, and his failure to explicitly condemn it, Donald Trump’s Gallup approval rating has fallen to a new low of 34%, and his disapproval to a new high of 61%: This puts him below the lowest ratings during their entire term of Lyndon Johnson, Ronald Reagan, and Bill Clinton. Only Truman, Ford, Carter, and George W. Bush ever scored lower. So far, alas Rasmussen has not followed...
Read More »Woodie Guthrie, Racism, Trump, and Beach Haven
From an old sixties coffee house person, just a little history. In 1950, Woodie Guthrie signed a two year lease to reside in a Fred Trump Brooklyn development. Having wandered around the countryside for a number of years, he knew the North did not have any special claim to racial enlightenment. One event of a shooting at a bus terminal in Freeport, Long Island stuck in his mind. “Ferguson Brothers Killing” by Woody Guthrie. “The town that we ride through...
Read More »Don’t Tolerate The Trumpists
Armed with his famously short temper, and the kind of weapons of mass destruction that America once went to war to prevent men like him from obtaining Trump is quite possibly the man that will end civilization as we know it. His supporters are an unfortunate mix of three groups. (All three groups, of course, have some overlap). First, wealthy people, who care mostly for tax cuts and whether the president is deferential to big business. Second, not-so-wealthy suckers suckered by Trump’s...
Read More »The Democrat’s “Better Deal”
In a recent email exchange with Yves Smith at Naked Capitalism: “This is not going to work with voters. Tom Frank has been all over this topic, saying again and again, the Dems are refusing to give up on their losing strategy of focusing on the 10%, and are trying to cover for their abandonment of middle and working class people with identity politics.” What Yves is commenting about is a recent post and the “ Better Deal” proposed by Schumer and Pelosi....
Read More »Missouri Travel Advisory
(Jefferson City, MO – Missouri NAACP State Conference Office) A travel advisory has been issued in the State of Missouri due to the sad passage of Senator Gary Romine’s Jim Crow Bill – SB 43 – and recent events throughout Missouri. The advisory means each individual should pay special attention while in the state of Missouri and certainly if contemplating spending time in Missouri. Unlike seasonal weather advisories, where no unnecessary travel on...
Read More »Rampant judicial activism
Via Slate by Dahlia Lithwick and Mark Joseph Stern: The Clarence Thomas takeover But Thomas is more than just the Trump administration’s philosophical hero. His once-fringy ideas are suddenly flourishing—not only on the high court, through his alliance with Gorsuch, but also in the executive branch. … Everywhere you turn in Trumpland, you’ll find a slew of Thomas’ former clerks in high places. They are serving in the White House counsel’s office(Greg...
Read More »Democrats in Array
The hardy perennial “Democrat’s circular firing squad is in disarray” story line is looking a bit withered. During the whole dramatic absurd Trumpcare drama (so far Trumpcare is a zombie which can’t be killed) ALL 48 Democratic senators remained united. In 2016 the new Clinton adopted a neo-neo-liberal platform which was actually liberal. However, some people refuse to let it go. I am one of those people. I want to whine about this informative and...
Read More »Rasmussen poll shows GOP losing midterms in a wave
Rasmussen poll shows GOP losing midterms in a wave I like K.I.S.S. methods, and I have decided that the easiest K.I.S.S. guide to the midterm elections is likely to be Rasmussen’s “net strong disapproval” spread. The theory is that while voters who even weakly approve or disapprove of a President are likely to come out and vote in the Presidential election years, only those with strong opinion — a substantially smaller number — come out to vote in...
Read More »Understating Trump’s “Achievements”
Understating Trump’s “Achievements” I regularly hear and see on media and the internet that Trump “has accomplished nothing in six months” or variations on that, with some of these remarks focusing more on his legislative agenda, with discussions about whether it is “dead” or not here after only six months, which is either a very long time or a very short time. I think this rhetoric is both unwise and inaccurate. It is unwise because it suggests that we...
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