Nobody Cared About Bernie's Speech
Plus: Obama endorses building more housing, why CEOs are paid so much, and more...

Washed up: Last night, Sen. Bernie Sanders (I–Vt.) played the hits. Just one problem: Nobody cared.
Join me as I address the need to confront corporate greed at the DNC in Chicago. https://t.co/DrWqszx5eD
— Bernie Sanders (@BernieSanders) August 21, 2024
He asked Democratic National Convention delegates to recall the early days of the pandemic—when "people were being evicted from their homes" and "children in America were going hungry"—and how Democrats came together to pass the $1.9 trillion American Rescue Plan, which provided "$1,400 for every man, woman, and child in the working class," offered "emergency assistance" to help small businesses stay operational, and included eviction protections to keep people in their homes. "I say all of this not to relive that difficult moment, but to make one simple point. When the political will is there, government can effectively deliver for the people of our country," said Sanders. "We need to summon that will again—because too many of our fellow Americans are struggling every day to just get by."
The halcyon portrait Sanders is painting ought to stun. The stimulus checks doled out by the government were a massive contributor to the inflation that the Federal Reserve has just now successfully clawed back, through painful interest rate hikes. The eviction moratorium, imposed by the Centers for Disease Control and Prevention, was "dropped into place with virtually no public discussion of the limits of bureaucratic power, the rights of private property holders, [or] the unintended consequences" that might arise, wrote Reason's Christian Britschgi. It was maintained in some places for over two years, making it impossible for some landlords to pay their mortgages without earnings from their properties. The Paycheck Protection Program, intended to help struggling small businesses, went off the rails, abused by fraudsters. Of the $4.2 trillion federal funds distributed during the pandemic, roughly one in every $10 was wasted or stolen. Children were kept out of schools for more than a year in some cases, due to the safety demands of teachers unions and against the real-world evidence from Scandinavia that schools could, in fact, safely operate.
Sanders pivoted, as he is wont to do, from arguing for the expansion of the social safety net to cracking down on corporate greed to ending the war in Gaza. But his prescription for America, using the pandemic as a guidepost for the type of social safety net we ought to create, feels ill-fitting, and he received accordingly little fanfare compared to Michelle and Barack Obama.
Tonally different: Former First Lady Michelle Obama's speech was perhaps the highlight of the evening, followed closely by former President Barack's. What could have at times strayed into sour-grapes territory—like when she brought up former President Donald Trump's promotion of birther conspiracies about her husband—ended up being a fairly interesting and worthwhile reflection on character.
"Most of us will never be afforded the grace of failing forward," she said, in reference to Trump's legal and business troubles. "If we bankrupt a business or choke in a crisis, we don't get a second, third or fourth chance," she added, contrasting Trump's upbringing, where many opportunities have been handed to him on a silver platter, with the hardships many Americans still face.
"If things don't go our way, we don't have the luxury of whining or cheating others to get further ahead," she added. "We don't get to change the rules so we always win. If we see a mountain in front of us, we don't expect there to be an escalator waiting to take us to the top."
The former president struck a similar note. "Here's a 78-year-old billionaire who has not stopped whining about his problems since he rode down his golden escalator nine years ago," said Barack Obama. "It has been a constant stream of gripes and grievances that's actually been getting worse now that he's afraid of losing to Kamala." Both Obamas hit the same note: That Trump is out only for himself and his cronies; that he will not deliver for the American people; that Vice President Kamala Harris is a prosecutor who has shown over the course of a long career her commitment to the victim, the little guy, the one who's been burned.
Whether this is actually true is unfortunately beside the point for many voters. It's the tonal shift, and both Obamas' abilities to deftly condemn Trumpism while promoting a positive vision of how America ought to operate, that will probably matter most.
Scenes from New York: I love this corny man's incredibly absurd social media presence. Who was talking about rats, exactly? Who was asking for Adams to co-opt this meme format?
nobody will remember:
- your salary
- how "busy you were"
- how many hours you workedpeople will remember:
- how you put a lid on your trash can
- how we sent rats packing once and for all
- the day we won the "War on Rats"— Mayor Eric Adams (@NYCMayor) August 20, 2024
QUICK HITS
- It's time to build:
As clear a mandate from the top as you're going to get for state and local Democratic elected officials. It's time to build housing and restore affordability. https://t.co/T6avoPtYUP
— M. Nolan Gray (@mnolangray) August 21, 2024
- The most fun/absurd moment from last night:
the european mind cannot comprehend lil jon doing georgia's roll call pic.twitter.com/Zm5oSTk2UT
— Colin (@ufcolin) August 21, 2024
- Nancy Pelosi memes are next-level:
Mob boss at the funeral of a guy he had whacked https://t.co/ehQJQRzuSE
— Political Science B.A. (@InternetHippo) August 20, 2024
- "Democrats for Life of America met in Chicago Monday on the far, far periphery of the Democratic National Convention," reports Bloomberg. "In a small, windowless WeWork conference room on the 19th floor of a downtown office building, a little over a dozen people attended a discussion about the future of anti-abortion politics in the Democratic Party. At a convention where 'joy' is one of the bywords, no one here seemed especially thrilled about the state of abortion politics."
- Ukraine taking Russia's Kursk region, despite their many losses in recent months, is restoring hope to demoralized troops and civilians.
- "Why do top CEOs earn such high paychecks?" asks Alex Tabarrok at Marginal Revolution in a great explainer. (Related posts here and here.)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
Nobody Cared About Bernie's Speech
Bernie, like Chase Oliver, is irrelevant.
https://x.com/WholeMarsBlog/status/1826175506171179228?t=mXWK_hpSnp-9rybvvd4Ipw&s=19
Congratulations on closing your new funding round!
Now, I see here on the term sheet that the valuation of your company is now $400 million, and you own 25%. That makes you a high net worth individual.
It’s incredible how you worked so hard for years to build this company up from nothing. Unfortunately that means you have $100 million in gains.
You now owe the government $25 million in taxes. But don’t worry, you can just sell your share in the company to cover your tax bill.
Go ahead and just make the check out to Kamala Harris.
Oh, sorry your company died and ended up being worth nothing.
No, you don’t get a refund on the millions you paid in taxes even though you lost everything and never made a single dollar.
@ProfGrok
It’s basically the Government taking your company in little chunks. Sounds like communism to me
@occidentally
It's even more incentive for the Fed to inflate the currency. Nominal values of assets could remain the same but since the measure is the dollar, number will go up and you will get taxed on it.
@Airte747
If you take the appeal away for longterm investments you destroy companies not to mention the major shifts that hedge funds will cause on the markets.
This idea is not for the taxation but rather to destroy our economy.
@xeneks
Wait. Run that past me again? You must have misunderstood something. Surely that’s not actually a proposal? If that was brought in, the only business that could run would be … government, as no one new could fund any, apart from those who had international hq listing & funding.
the only business that could run would be … government
Feature...Communism unlocked.
A kinder, gentler (but still incredibly stupid and evil) communism.
This seems to be coming from proposals to institute a death tax on estates, so this doesn't seem to wash for me. For what it is worth, these problems can and are regularly avoided by founders and executives. Principle employees already run into this problem when they are granted stock and expected to forfeit a portion of that stock to pay for taxes.
The real EVIL of the death tax goes more like this: "So sorry your dad just died and left the family baked goods company. It is full of assets (property, machinery, etc) and so it is assessed far above its income levels, and you'll need to pay taxes on that...You will probably need to sell the company (if you can find a buyer) or shut it down and sell the assets, so Dad's legacy is fucked."
These people are so fucking stupid that they have no concept of the reality of diminishing returns. They literally believe that they'll get the same amount of money every year on an increasingly smaller assessment. They are that fucking dumb.
Have you seen Scrooge McDuck's treasure room? That thing is HUGE.
They also have no clue, or care, about the negative impact of market shocks that such mass liquidity requirements will impose.
Last night, Sen. Bernie Sanders (I–Vt.) played the hits. Just one problem: Nobody cared.
It’s got to be tough for the old shit to see Walz, a younger, half assed version of himself, get nominated for VP.
Time to fuck off to the ash heap of history for Bernie. Maybe they’ll let him introduce Obama’s kids at the next DNC rally.
JD Vance is weird.
Gretchen Whitmer posts video of Dem rep and her (6 inch action figure) talking at a bar.
https://x.com/gretchenwhitmer/status/1825619631127593334
They're the kids that nobody liked, and now that they're in power, the media tells us we need to like them.
Revenge of the turds.
That's a starkly honest and accurate assessment of our current situation.
'golf clap'
ya good one.
https://x.com/Sargon_of_Akkad/status/1826207379530141858?t=bxe-K7K1K8XVOjNyCXhdYA&s=19
Just take a moment to reflect on how preposterous this statement is. She's saying that Americans aren't allowed their own self-identity to exclude other identities, that they aren't able to determine who is and isn't American. Americans, to her, are the nowhere people.
"@theblaze
Michelle Obama says Americans don't have a right to decide who enters our country: "No one has a monopoly on what it means to be an American! No one!"
[Video]"
https://x.com/AuronMacintyre/status/1826232147931541625?t=5wRwa9HpfBoGqHi9BdRApA&s=19
This is just another way of saying that being American doesn’t mean anything
How about being a peasant?
That's what dems want you to be. Same with globalists. No borders.
Just take a moment to reflect on how preposterous this statement is. She’s saying that Americans aren’t allowed their own self-identity to exclude other identities, that they aren’t able to determine who is and isn’t American. Americans, to her, are the nowhere people.
Well, when you think that America needs to be “disrupted, dismantled, and abolished,” it’s natural to also believe that there’s nothing particularly notable or significant about being an American to begin with. Bear in mind, this mindset only applies to nations within the orbit of the west, not the third world or “minority” populations.
Bear in mind, this mindset only applies to nations within the orbit of the west, not the third world or “minority” populations.
Like Haiti, that jewel of the Caribbean, a constitutional republic founded by ex-slaves.
It only applies to white nations.
We have to start being honest about the issue.
I wonder if Michelle has a passport. If so, does she understand why she has one.
Is she taking fashion advice from Klaus Schwab?
What is it with leftists and their fucking dollies? Fran Drescher was doing this shit with a stuffed animal in negotiation meetings during the Hollywood strike.
"What is it with leftists and their fucking dollies? "
https://fctry.com/products/dr-fauci-action-figure
How much for a crate? Can you deliver to the gun range?
I don't have a problem with people picking up collector figures, that's all good. What's fucking ridiculous is using them as props in adult conversations as if it's cute and sassy, rather than puerile and self-indulgent. It would be like me speaking through a Darth Vader action figure during a business meeting. It just demonstrates how childish modern leftists and especially modern leftist women are.
And they want to call other people weird.
But speaking through a Darth Vader helmet sets a certain tone to the negotiations...
Who am I kidding, they'd come off as more Dark Helmet than Darth Vader.
Leftists/proggies are stuck in a perpetual childhood probably because of some earlier trauma or intellectual disability. That’s why they want to infantilize others too.
Last night, Sen. Bernie Sanders (I–Vt.) played the hits. Just one problem: Nobody cared.
We can get price controls from someone else now.
Also, nobody has a cassette player for Bernie's mix tape.
Glad I'm not a nobody, still got a tape deck. But it is exclusively for my Dead bootleg tapes, not communist crap.
8-track! Order now from K-tel. Operators are standing by.
Kamala adopts another Trump talking point.
Hen Mazzig
@HenMazzig
BREAKING: Kamala Harris aide confirmed to Rep. Brad Schneider that she OPPOSES a return to the nuclear deal with the Islamic Republic of Iran.
Did Obama approve that?
For the election season sure.
He’ll have more flexibility to negotiate after the November election
https://youtu.be/keXx0zxTarE?si=aLnpceFJBK70OwoR
Good callback.
He asked Democratic National Convention delegates to...
...once again...
and both Obamas' abilities to deftly condemn Trumpism while promoting a positive vision of how America ought to operate, that will probably matter most.
How so? They aren’t running for office.
No? The Obama's have been shadow running the country since 2009.
Because they shit on Americans, and Reason loves that.
Reason also approves of their political machine ruling as tyrants through their Biden & Kamala props.
Old man Koch must have a thing for Michelle. Or Barry.
Maybe, but why pretend that the writers aren't piece of shit communists when they continue working to advance gay race communism?
All of Reason is scum.
Talking about those two who saw America as an irredeemably racist country until the day Barak was elected? Nothing I've seen says they've ever changed from hating this country, they just love the money and adoration of their sheeple.
Not satisfied with demolishing the economy, the justice system, the democratic primary system... DNC sets sights on demolishing the national anthem. They don't even know the words.
Video.
Kevin Dalton
@TheKevinDalton
Democrats attempting to open up day two of the DNC by singing the National Anthem is easily funnier than anything. Saturday Night Live has done in 13 years.
This is both an indictment on Democrats and SNL
https://x.com/TheKevinDalton/status/1825922699191005269
They're like a bunch of special needs kids trying to follow along with the teacher, for a song that they don't really know or like.
What could have at times strayed into sour-grapes territory—like when she brought up former President Donald Trump’s promotion of birther conspiracies about her husband…
You know who else used a convention speech to air grievances?
You couldn't smooth a silk sheet if you had a hot date with a babe...
I lost my train of thought…
Barack Obama's publisher
George’s dad.
Happy festivus fist.
A Festivus for the rest of us!
Serenity Now!
insanity later ...
Don't remind me how close we are to the end of summer.
Who was it that kicked off the whole birther movement? I think her last name was Clifton or Cranston, some C name.
But his prescription for America, using the pandemic as a guidepost for the type of social safety net we ought to create
Fuck that guy. The pandemic should only be remembered for what ought never happen again.
They loved the control. They'll try any excuse to do it again.
using the pandemic as a guidepost
Tell me you are a tyrant without telling me.
Again? I still see cat ladies wearing masks at the supermarket.
RFK campaign may join Trump campaign because Democrats are that bad and they are angry about the DNC lawmakers against their campaign.
“There’s two options that we're looking at...
...and one is staying in, forming that new party, but we run the risk of a Kamala Harris and Waltz presidency because we draw more votes from Trump.
Or we walk away right now and join forces with with Donald Trump and explain to our base why we're making this decision.”
https://www.zerohedge.com/political/rfk-jr-mulling-joining-forces-trump-because-we-run-risk-enabling-harriswalz-presidency
If RFK has a sincere bone in his body, he'll do the latter.
https://www.youtube.com/shorts/RNs2xB1xoi4
When the Democrats are losing Kennedys, you know they have gone full on Soviet style socialist. They have already purged the military and the FBI, so I expect full retaliation against heretics if they get away with a win. The question is whether they will be satisfied with their marginalization of RFK with their "anti-vaxxer" label or if they will go for the full investigation for spreading disinformation.
Her discussion focused a lot about the lawfare even their campaign is seeing. As well as the lying media.
The what now?
— Reason
Or just another Kennedy assassination. It's about time, right?
It has been a constant stream of gripes and grievances that's actually been getting worse now that he's afraid of losing to Kamala.
He needs to get corporate press to do that for him whilst manufacturing some joy.
Ukraine taking Russia's Kursk region, despite their many losses in recent months, is restoring hope to demoralized troops and civilians
I feel so much better about this now.
The hope another million die in the war.
Holy shit, Reason is just outright running NATO propaganda.
Ukes pulled troops from the Donbass lines, which are being pushed back, for a meme invasion of a region they can't hold and is drawing few resources away from Russia.
Both sides are still shooting deserters. But where this allows the Russians to purge their rising generation of dissenters, the Ukraine is wasting its entire working class. Where is the downside for Putin? He maintains his control of a nation more fearful of him than ever and NATO obligates themselves to perpetually support an enormous welfare state. The oligarchs get the opportunity to siphon off more cash and materiel than they could have possibly imagined without the intervention.
Meanwhile, Europeans keep buying Russian oil and gas, and selling shit to oligarchs.
Funny, I was only told of their few successes over the last few months, wonder why. Joe and the DNC will not be happy until that country is a graveyard with not a single remaining Ukrainian left alive.
Democrats came together to pass the $1.9 trillion American Rescue Plan, which provided "$1,400 for every man, woman, and child in the working class,"
The 'Trump checks', according to SPB2? They're taking credit for those as a good thing now? How will Pluggo cope?
Too funny.
Why do you pretend leftists give a single shit about their own inconsistencies and hypocrisy?
I saw that, too. Is this now a changed fact?
It's beautiful. I'm going to share that with Buttplug every chance I get.
See, the American Rescue Plan is good with it's promise of free money but actually cutting the checks as dictated by Congress is bad. Also bad is the President not cutting checks as Congress dictates so win-win for the American Communist Party.
Jeffsarc showed up to celebrate Joe and Kamala yesterday.
The Post Millennial
@TPostMillennial
DNC attendee: “In my perfect world, every republican is out of the country and all the immigrants come in.”
Video
https://x.com/TPostMillennial/status/1825889890690592840
Not fat enough.
Fair.
The message is clear. They (not just the little nonbinary creature) want conservatives gone. They'll settle for banishment, but they want us dead.
What’s hilarious is sarc was using the DNC narrative of the replacement theory yesterday. Yet here are dems advocating for just that.
Yeah, and the progs on this board ponder why many of us prepare for the inevitable cattle cars.
Not drunk enough to be Sarc.
Fair.
the day we won the "War on Rats"
Like Mao and the sparrows.
Whoa
The sparrows ate the bugs that ate the crops. What do the rats eat? The Garbage? Does that help?
Like Mao and the sparrows
An excellent example of what “trusting the science” gets you.
Evil fucks.
https://en.wikipedia.org/wiki/Four_Pests_campaign
Mao's slogan, ren ding sheng tian, meaning "man must conquer nature", became the rallying cry for the campaign.
The Marxists never change. The DNC slogan might be "man must co-exist with nature", but they mean the exact same thing. Central planning that will result in systemic failures that will kill millions. They will then blame it on any dissenters from their imposed orthodoxy, round them up for reeducation and initiate struggle sessions.
Beyond the fringe actual tree huggers, greens are mostly Marxists using Mother Nature as just another lever to attack capitalism and free societies.
Watermelons.
Harris SuperPac admits the media polls currently are pretty much bullshit.
https://www.zerohedge.com/political/internal-harris-polling-much-less-rosy-public-polls-super-pac-founder
"Our numbers are much less rosy than what you're seeing in the public," said Future Forward super PAC president Chauncey McLean said during a Monday event hosted by the University of Chicago Institute of Politics.
Mark Davin Harris of political consulting firm ColdSpark says they're seeing a "historic response bias on surveys that is setting the table for a large polling miss this fall."
Diving right in, Harris says pollsters are essentially injecting unreported bias into polls by targeting subgroups more likely to answer the way they want.
For example, "In the meta data from the call centers college educated Dems are 3-4x more likely to answer than non-college. While weighting can help minimize the bias if done correctly it won't totally eliminate the problem. For example even if you quota'ed for party (something I have very mixed feelings about) AND for education at the topline you can have the college Dems consume such a big chunk of Democrats that you miss the downscale Dems that are MUCH less partisan loyal."
Harris is set to release an analysis that show "historically liberal" bias even when they "weight back to party."
'In the meta data from the call centers college educated Dems are 3-4x more likely to answer than non-college.'
Lonely cat ladies need human conversation, too.
Their cats are literally human babies bigot.
I am surprised the Dems haven't advocated for a Pet Tax Credit yet. Those fur babies get more expensive every year.
And free animal health care.
Ummm...
https://www.axios.com/2024/04/11/pet-bereavement-leave-work-benefit
I guess we are still not at peak retard.
There is no peak retard.
The secret about never going full retard is that there is no limit for full retard.
The cat ladies are still a step up from the talking to dolls ladies
I read another analysist say basically the same thing. They are cherry picking and not releasing their cross tabs. The ones that do release show Republicans' far off from 2020. Like 29% down from 38% this year. It's their weighing.
Still over 40% voting for this horrible shrill of a woman is scary
He asked Democratic National Convention delegates to recall the early days of the pandemic—when…
Democrats were forcibly closing businesses, arresting pastors and surfers, forcing people to mask up, setting up snitch lines.
I remember, fuck you, never again asshole.
Requiring jabs with a vaccine which really wasn't worth shit.
Yeah, unsurprisingly, he learned the wrong lessons from the government's response to the pandemic.
A brief, shining totalitarian moment.
Yup fuck them. Also all the Republicans who voted for it or did the same like my gov, Larry Hogan.
I won't let any off the hook.
Don't forget Waltz having the police shot people with paintball guns on their porches or wanting to set up a snitch line.
USA Today Fact Check:
Our rating: False
The video is unrelated to COVID-19. It shows officers enforcing a curfew imposed by Walz during the George Floyd protests in 2020.
As clear a mandate from the top as you're going to get for state and local Democratic elected officials.
The top, eh? I guess we finally know who is currently president.
What could have at times strayed into sour-grapes territory—like when she brought up former President Donald Trump's promotion of birther conspiracies about her husband
Remember "when they go low, we go high"? Now we hear about how JD Vance is weird.
Bernie Sanders, the only US Senator who joined a socialist commune. And the only US Senator to get kicked out of a commune. A national treasure.
Walz took over 30 trips to China and planned his wedding so it would land on Mao's birthday or something.
Also lied about his wife getting IVF (she had IUI instead because he's basically infertile) and his military "service".
Yeah, I'm absolutely shocked that Tampon Timmy suffers from a low sperm count while his counterpart is a stud bull who fathered three kids. With that shortcoming (heh), I'd label JD "weird" as coping mechanism, too.
Wedding was the Tieneman Square massacre.
It was just a coincidence!!1!1!1!1!
Honeymooned in Moscow and befriended the Sandinistas. Yup, truly a national treasure.
He asked Democratic National Convention delegates to recall the early days of the pandemic—when “people were being evicted from their homes” and “children in America were going hungry”—and how Democrats came together to pass the $1.9 trillion American Rescue Plan, which provided “$1,400 for every man, woman, and child in the working class,” offered “emergency assistance” to help small businesses stay operational, and included eviction protections to keep people in their homes.
Sarc has been very clear here. This is solely Trumps spending. Democrats had no say. So stop pointing out everyone who was involved. Trump. Trump. Trump.
To be fair he was just imitating Buttplug and didn't really know or care what he was trolling about.
That's his trusted economist after all.
Mob boss at the funeral of a guy he had whacked...
Where's the American Italian Anti-Defamation League when you need them?
Who's running the Columbo Family nowadays?
Corporate greed, white supremacy, global warming...is there a single boogeyman the Dems won't slay!?
NG gun toting Americans is on that slay list. Literally.
"...and how Democrats came together to pass the $1.9 trillion American Rescue Plan, which provided "$1,400 for every man, woman, and child in the working class,"..."
According to turd, this was Trump's work, but then turd lies, don't he?
Facts changed?
What a moron, Trump's checks came from Cares Act and were $1200 for single person earning under $75k and $2400 for families plus $500 per child for fams earning under $150k.
Only thing I ever got from him was to keep a bit more of my money with the tax cuts.
But the checks were so badly processed the IRS did try to get me to pay for checks I never got claiming it increase my income.
Thats sucks, it was the only mostly* good thing within the entire package.
*you could get money "back" even as a non taxpayer.
Democrats for Life of America met in Chicago Monday on the far, far periphery of the Democratic National Convention...
Where they found their nuts had been snipped.
Nobody needs 23 years of testosterone.
people will remember:
- how we sent rats packing once and for all
Xenophobe!
'"Most of us will never be afforded the grace of failing forward," she said, in reference to Trump's legal and business troubles. "If we bankrupt a business or choke in a crisis, we don't get a second, third or fourth chance," she added, contrasting Trump's upbringing, where many opportunities have been handed to him on a silver platter, with the hardships many Americans still face.'
Hmm, how about former Black Panthers who get, um, white-washed into respectable statesmen, academic appointments, and book deals?
Black women are the most privileged, inappropriately propped up/advanced demographic that exists.
Michelle Obama is the Queen of parasites.
Or community organizers that became president?
Says somebody who worked at a $300,000 a year job and when she left, the job went away.
“Most of us will never be afforded the grace of failing forward,” she said, in reference to Trump’s legal and business troubles. “If we bankrupt a business or choke in a crisis, we don’t get a second, third or fourth chance,” she added, contrasting Trump’s upbringing, where many opportunities have been handed to him on a silver platter, with the hardships many Americans still face.
Liz, how do you think this is positive? It is defeatist. Yes people get 2nd and 3rd chances. Obama is almost a billionaire from falling forward. Her speech was terrible. She has been given more than Trump ever has. A near billionaire as a “public servant.”
"If things don't go our way, we don't have the luxury of whining or cheating others to get further ahead," she added. "We don't get to change the rules so we always win. If we see a mountain in front of us, we don't expect there to be an escalator waiting to take us to the top."
Baraks entire political career was being lifted book deals so he didn't have to work, favorable property sold to him, kicking opponents off ballots, using thr state against his enemies, using state to benefit their friends.
Sad you think this was a good speech.
Truly evil creatures.
If only an enligthened commenter would come along and tell us populism like is ok because republicans did it first.
I'm sure it was a good speech- her point is that it is bullshit, but good. You need to understand that this was why Obama was president for 8 years- he told absolute bullshit about keeping your plan, and bending the cost curve, and ending wars and never kept his promises. But a sycophantic media and his soaring rhetoric let him get away with it.
The thing I find hilarious is that Obama- who helped orchestrate the unprecedented putsch of Biden, and replacement with Harris, who received exactly zero votes- has the balls to lecture Trump about "changing the rules to win".
There was nothing good in the speech. You can claim the tone or orative skill was good, but the speech was not. It was defeatist, negative, and full of lies.
There is a difference between the words and the skill saying the words. Like the country mix of gin and juice. Words stay the same, presentation is different.
The way it is spoken doesn't change the speech itself. The speech was bad. She didn't say the presentation was good, she said the speech was. And it was not.
You are letting your personal feelings distract from how every american sees that guy's speeches. As frustrating as it is, I can guarantee that the majority of Americans watching that speech who weren't in the tank for either side already thought it was good.
I was pissed off every time Obama spoke during his career. Anyone paying attention could tell that "You can keep your plan" was a complete and utter fabrication. But he said it with conviction, and he won over the populace. And all the media posted Fact Checks to back him up and shoot down anyone with a shred of doubt.
He is a great speaker. Very, very good. That is why he was elected and reelected.
He is also an evil fucker, who weaponized our government in ways that we only fully realized 4 or 5 years after he left the office. He turned the Patriot Act against citizens. Established government funding of Semi-Private Bureaus of Censorship. Created entire government departments designed to root out and silence conservatives. Established financial controls over our economy that allow them to make conservative values expensive, while freeing banks and CEOs to pursue liberal politics with shareholder money.
I do not (nor does Liz) like Obama or his message. But there is a reason why he is effective at winning.
Has nothing to do with my feelings. It is comparing the words without emotion/expression to performative ability. It is why I often choose transcripts over speeches.
Yes, America in general prefers performative emotive speeches while ignoring the words. But in my view that doesn't make the words good.
It is a difference in the base text vs the emotive speech. I readily agree most value the latter over the former.
I just refuse to admit the base text was good because it is not good. I don't base my opinions on the masses. They don't set the baseline for me. I dislike form over function. Like Roarke.
You left out what he did to the military.
Michelle has balls?
I've heard that rumor.
He studied in Chicago, where changing the rules to win, are the rules.
Also, Democrats always accuse their opponents of the exact offense that they are currently perpetrating.
Ukraine taking Russia's Kursk region, despite their many losses in recent months, is restoring hope to demoralized troops and civilians.
Whatever I think of corruption in the Ukrainian government, I do like Russians getting it stuck to them.
https://x.com/StateOfUkraine/status/1825305719316299965
The Ukraine Reporter notes that the only way they were able to accomplish this was by not letting any allies (US, UK, EU) know that this attack was coming. They said that leaks to the Russians have consistently caused offensives to fail or be aborted.
It is clear that the West is happy for Ukraine to bleed Russia dry by destroying their war material with Western war material. But any offensive that would change the status quo and give Ukraine leverage for negotiating a peace is completely unacceptable to the West.
I hope that every twitterati with a Ukraine flag on their profile- that they forgot they added a year ago- understands their part in supporting their governments' in what amounts to maintaining a permanent dumpster fire on Russia's front porch- a dumpster fire fueled with Ukrainian lives.
Bleed Russia dry? They have fuel, food, population and the nuclear deterrent. Until one of those fails, they are unassailable.
Putin is ridding himself of dissenters and outdated materiel, outing those who believe he is vulnerable, and saddling the West with an ever-increasing responsibility to prop up a giant welfare state that may never recover from the decimation of its working class. The regional oligarchs are paying lip service to Ukrainian sovereignty and bribing Western officials, while siphoning off billions. They will play both sides, hawking up war, and undermining any effort to dethrone Putin who is their perfect Boogeyman.
"Bleed Russia dry? They have fuel, food, population and the nuclear deterrent. Until one of those fails, they are unassailable."
Being unassailable is still being bled. No one realistically thinks they are going to assail Russia. The point is to distract them with a dumpster fire on their doorstep. And it is being done.
This is a little too much "glass is half full" optimism, friend. The Russians have lost at least one cruiser and 3 corvettes, plus a submarine, and 10% of their air fleet. This isn't catastrophic, but it is also not "outdated material".
Russia's GDP increase is almost completely based on their military expenditures. Spending money on bombs and bullets is a great way to help your oligarchs, but that is dollars spent on shit that is used once (to kill Ukrainians) instead of on food, capital improvements, etc etc. There is zero chance Putin likes what is happening. He had to put down an insurrection and the reason his is purging his ranks of "dissenters" is that they are now a liability to him, when 3 years ago, they were serving other purposes.
I also disagree that he has "saddled" the west with a permanent welfare state. We did that to ourselves over the past decade. Ukrainian oligarchs spent a few million dollars to put their people in the Atlantic Council and other think tanks that suddenly decided Ukraine was the hill to die on, rather than a corrupt backwater best left to the local politics of eastern Europe. Those millions of dollars had already returned billions to that country and saddled the US (and UK and Europe) with a forever bill, before it turned into its current forever war.
My point remains- the West will never willingly allow the Ukrainians to get to a point where they settle with Russia. To do so would take pressure off of Russia.
this is true if we had allowed Ukrain to attack their bases with planes and rockets Russia may have pulled back a long time ago or ended gone all but we have hamstrung them all along
Overstated and also taking Ukrainian propaganda at face value. So one issue is the targeting of Russian radar systems. Ukraine would love to blind Russia for obvious reasons but the US can't allow them to do it since it would also blind Russia from a US nuclear strike. So should the USA allow (continue funding) Ukraine to strike Russian radar sites? I don't think we should take that risk whether Ukrainians like it or not and they are always free to find another partner in their bid to remain independent.
"Overstated and also taking Ukrainian propaganda at face value."
RIGHT...Ukrainian Propaganda is 100% about telling the West that they are assholes, and that they can't be trusted. Tell me another one.
You basically make my point for me. If the US were truly interested in allowing Russia to keep a sense of security to avoid escalation, the winning move is anything that will defuse this war. Instead they are doing everything in their power to maintain a stalemate, war of attrition. In that state, the combined economies of NATO pit their economies and the lives of Ukrainians against Russia's economy. The goal is not to stabilize things in Russia. It is to bleed them dry.
I never said 100%. It does when it suites them though.
The issue for US, as I see it, are two competing doctrines the USA holds, self determination and nuclear deescalation/disarmament. On the one hand, Ukrainians voted for freedom from the USSR and wanted to forge their own nation which as a nation we hold dear. On the other hand is Russia's stockpile of nukes. It would be far more dangerous if Russia broke up and a handful of warlords gained control of the nukes. This is why, I think our response is so schizophrenic, we want Ukraine to send Russia packing but not at the risk of nuclear exchange, if Ukraine has to suffer for that; well that is why I said you overstated not that you are wrong.
The case I brought up about the radar isn't a hypothetical, months ago Ukraine took out one of these sites using their homebrewed drone tech. I think that is why soon after the F16s were finally sent and Azov got armed but no more radar sites hit. We horse traded; I've no direct knowledge of that, but that is where my thoughts have led me over the last few months.
Very hard to imagine that the CIA wasn't aware that Ukraine was massing troops at the border. And that they didn't sign off on it. Meanwhile Ukraine had to withdraw troops from Donbas, where Russia continues to gain ground, for cannon fodder in Russia. None of this will win the war for Ukraine but it will end any possibility of a negotiated cease fire in the short term at least. That has been the Biden regime goal all along.
"We need to summon that will again—because too many of our fellow Americans are struggling every day to just get by."
MORE FREE SHIT!
Covid testing kits are on the way.
I have a photograph of a positive Covid test on my phone. In case I need a week off. The salmon are running in the Clearwater.
How does the saying go?
There is such thing as free lunch?
they are training our kids to accept handouts by giving them free breakfast and lunches and during teh Plandemic they provide that while school was out. I can see day where they will give out diners and you will be required to take it just like if your kid brought a good lunch to school, schools were throwing those out and forcing them to eat the schools literal garbage
""they are training our kids to accept handouts""
Preparing them for their future.
Do they still make the white boys wait at the back of the line?
Why do top CEOs earn such high paychecks?
Don't they understand the meaning of fair share???
All I need to know is that their pay is a voluntary agreement with the directors and shareholders, as opposed to a government mandate.
You might want to look at the following;
https://hbr.org/1990/05/ceo-incentives-its-not-how-much-you-pay-but-how
It suggests that CEOs are paid more like bureaucrats. Directors and shareholders are often as risk adverse as politicians.
From the Magazine (May–June 1990)
FFS. 1990?
LOL, no shit. The Madison shitlib is living backwards like fucking Benjamin Button.
I was shocked to see this coming from Harvard Business Review, right up until I saw the date.
It is really sad to see that article contrasting with their "Latest" feed where they sagely tell us that "Stakeholder Capitalism Still Makes Business Sense", and "Companies are Scaling Back Sustainability Pledges. Here is What They Should do Instead."
These initiatives were only ever possible due to the Fed's ZIRP fountain being left wide open. When that spigot was turned off, "stakeholder capitalism" became a luxury these companies increasingly can't afford.
It's still a voluntary trade, money for expertise. I might not want to look at anything you link to when you dodge the important part.
Why do top
CEOsmovie actors and sportsball players earn such high paychecks?Good question.
Greed?
'Both Obamas hit the same note: That Trump is out only for himself and his cronies; that he will not deliver for the American people'
Just like Kendi and all the other Neo-racist grifters?
Trump lost money as president. Trumps cronys were arrested and lost their jobs.
Obama became near billionaires. Their friends got favorable think tank positions and appointed to various high paying government jobs.
The statement is utterly bullshit. Sad Liz can't see that.
Liz is as corrupt and vile as any other leftist parasite.
Speaking of parasites, you know Jesse "works" for a government contractor, right?
Cite?
Are you still trying to figure out what I do? Lol.
Did you know you're a 2nd level IT help desk and leftist?
Now watch him tell us what he does in a confession by projection.
Lolwut.
Too early to be this drunk buddy.
Cite?
Got me. No cite for this one.
Sarc only talks about ideas, not people.
Cmon man. He proved the economy was good by citing cafehayek landing site yesterday. Not a specific article. Just the landing site.
The homeless guy trying to rag on someone about employment.
You sad little weasel.
How would you know what he does for a living when you have him muted?
I confess I have no idea what sqrlsy's profession is.
Is living in a mental health facility a profession?
LSD tester.
in. and holy shit I watched an accident reconstruction video yesterday with a crash test dummy *and* a live subject I didn't know that was a money avenue lol
Speaking of parasites, you know Jesse “works” for a government contractor, right?
How does working for a private company who has contracted with the government for a job before mean he's a bureaucrat? Almost every company in America with a national reach has contracted with the American government at some point.
I bet even in your long and storied career as a fry cook you worked for at least one company who had a government contract.
I swear you just keep getting dumber and dumber.
He admitted to working with the government 2 days ago. Although his story was a common email chain trope from 20 years ago, so probably another fake story.
One day we're going to find out he was some 14-year-old trolling from his dad's laptop all along.
Liz often times has good instincts but she is unable to leave the bubble she lives in. A continuation of the Obama/Biden/Harris regime is the biggest threat to liberty the country has ever faced. Any libertarian that doesn't realize that is a useful idiot.
MOST IMPORTANT ELECTION EVER!!!!!!!!!!!!!111!!!ONE!!!ELEVENTY!!!!!
I really can't stand the most-important-election-ever! meme, but when you have a candidate who wants to implement price controls, tax unrealized gains, and trans the kids, then yeah, this might actually BE the most important election in my lifetime.
"Trump is out only for himself and his cronies"
Which is why he lost money, continues to deal with potentially being locked up as a political prisoner, and keeps going despite taking a bullet...
Most of us will never be afforded the grace of failing forward
Whinges a millionaire who has never signed the front of a check and only held lucrative sinecures.
Even more laughable considering the drooling moron they just stole the nomination from.
Keep in mind that this is the same woman who got a plush do-nothing executive position after her husband became Senator.
There was more projection in her speech than a 24-screen movie theater.
Woman?
Your a Mom! Gracefully failing forward for 18+ yrs. is the fucking job description.
'The eviction moratorium, imposed by the Centers for Disease Control and Prevention, was "dropped into place with virtually no public discussion of the limits of bureaucratic power, the rights of private property holders, [or] the unintended consequences" that might arise'
Property rights are racist. What kind of liberaltarian supports landlords?
like when she brought up former President Donald Trump's promotion of birther conspiracies about her husband
1 Hillary began that
2 Obama said he was Kenyan in his first book
Fatass Donnie began pumping out the Birther nonsense in 2011, you doofus.
Do you read the comments you respond to?
The first birther was Obama's literary agent.
When was 2 released shrike?
turd, the ass-clown of the commentariat, lies; it’s all he ever does. turd is a kiddie diddler, and a pathological liar, entirely too stupid to remember which lies he posted even minutes ago, and also too stupid to understand we all know he’s a liar.
If anything he posts isn’t a lie, it’s totally accidental.
turd lies; it’s what he does. turd is a lying pile of lefty shit.
Hey shrike. Did you earn a bonus for getting the drunk to fall for your "the biden economy is good" narrative finally?
Hillary ran against Obama in 2008, you pickle brained vaginal wart.
Sounds like BP's next Halloween costume.
We don't get to change the rules so we always win.
Oh, the irony.
Aren’t these the same people who dropped joe for Kamala?
Pritzker reminded the DNC that "unlike Trump", he is a REAL billionaire.
...maybe in terms of his cholesterol count, I'd guess.
Now it’s cool to brag about being a billionaire?
Not just brag about being a billionaire but being handed a larger fortune by your native parents through more generations than someone else.
Trump: I'm a billionaire because my Dad gave me a million dollars and I turned it into a billion.
Pritzker: Nuh uh. Your dad gave you around a billion dollars and you're not actually a billionaire. While I, OTOH, got actual billions from my parents who got actual hundreds of millions from their parents...
It's rather notable how today's marxists start flexing their socio-economic status when they think they're comparing themselves to someone who's lower on the ladder than they are.
The irony here is that Pritzker’s speech came just after Bernie slammed millionaires and billionaires.
To be fair, Bernie's ramblings count for nothing.
He's back to damning MILLIONAIRES again?
Isn't he one several times over, thanks to selling out to the DNC completely?
He's now "fighting the man" about as much as Howard Stern.
Former First Lady Michelle Obama's speech was perhaps the highlight of the evening
Over at wingnut.com they are still insisting that Michelle Obama will be the Dem nominee for 2024. It just won't go away.
Wingnut.com thinks
Michelle ObamaBig Mike will be the Dem nominee for 2024.Feel free to cite who is saying that.
Most conservatives assume that she both has no interest in politics any longer and is also quite fond of her exceptionally cushy and easy life.
Feel free to cite who is saying that.
The hicklib pederast is hoping you don't remember that people on his side were begging Michelle to run so Biden would step out of the way.
"Feel free to cite who is saying that."
Shrike's citations are equaled only by sarcasmic's.
Not even finding it on http://www.google.com.
turd, the ass-wipe of the commentariat, lies; it’s all he ever does. turd is a kiddie diddler, and a pathological liar, entirely too stupid to remember which lies he posted even minutes ago, and also too stupid to understand we all know he’s a liar.
If anything he posts isn’t a lie, it’s totally accidental.
turd lies; it’s what he does. turd is a lying pile of lefty shit.
Nobody believes your bullshit pedo.
Well one drunk does.
'It's time to build'
Then M. Nolan Gray better get off his ass and join a construction crew.
"He asked Democratic National Convention delegates to recall the early days of the pandemic—when "people were being evicted from their homes" and "children in America were going hungry"—and how Democrats came together to pass the $1.9 trillion American Rescue Plan, which provided "$1,400 for every man, woman, and child in the working class," offered "emergency assistance" to help small businesses stay operational, and included eviction protections to keep people in their homes."
Damn, I wish I had been in THAT universe - - - - - - - -
"If things don't go our way, we don't have the luxury of whining or cheating others to get further ahead," she added. "We don't get to change the rules so we always win. If we see a mountain in front of us, we don't expect there to be an escalator waiting to take us to the top."
I nominate this for most un-self aware statement of the night.
American Rescue Plan, which provided "$1,400 for every man, woman, and child in the working class,"
Didn't know Bernie was a biologist.
"Why do top CEOs earn such high paychecks?" asks Alex Tabarrok at Marginal Revolution in a great explainer. (Related posts here and here.)
With people complaining about how much CEO's make, I wonder why they just do not go to LegalZoom, file papers for an LLC, S-Corp, or C-Corp, name themselves CEO, and then let the buck roll in.
Perhaps these articles contain a clue.
Same people will argue that their favorite sportsball player isn’t getting paid enough.
Due to the fact that most Americans are morons, the Dems constantly whinge about "billionaire tax rates" because they realize most people don't understand the difference between "wealth," which is really nothing more than a guesstimate of value that's mostly on paper, and actual money in the bank. Elon's only a "billionaire" to the extent that he could supposedly sell off his companies for that amount, not because he actually has billions laying around like a dragon's treasure hoard.
Great point. Most people don't understand the difference between wealth and money.
Which is ironic given that Hollywood, of all places laid it out pretty succinctly:
Mark Hanna: Number one rule of Wall Street. Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles. You know what a fugazi is?
Jordan Belfort: Fugayzi, it's a fake.
Mark Hanna: Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.
Stay with me. We don't create sh*t. We don't build anything. So if you've got a client who bought stock at 8 and now it's at 16 and he's all fucking happy, he wants to cash in and liquidate, take his fucking money and run home, you don't let him do that... 'cause that would make it real.
It doesn't help when people like Gates and Musk are described as being worth some amount of dollars. The implication is that they're like Scrooge McDuck with a swimming pool full of money, and people really think that's true. "Why won't these rich people use their money to help the poor?" Because they don't have billions of dollars. They've got billions of wealth.
Judas Iscariot was the first progressive.
"But one of His disciples, Judas Iscariot, Simon's son, who would betray Him, said, “Why was this fragrant oil not sold for three hundred denarii and given to the poor?” This he said, not that he cared for the poor, but because he was a thief, and had the money box; and he used to take what was put in it."
But people too stupid to recognize that are trying to pass legislation based largely on their profound ignorance.
That is a huge problem.
It's like how gun control laws tend to be proposed by people who know exactly jack shit about guns.
Or people so profoundly stupid and ignorant that they cheer tariffs (depending on the president, because they’re so boneheaded that they think tariffs function differently depending upon which party is in the White House), which are taxes that raise prices of stuff that they buy.
I'd prefer tariffs over income taxes, but YMMV.
I’m with you.
Thing is, protective tariffs and revenue tariffs aren’t the same thing.
Protective tariffs aren’t meant to be paid. Ideally nobody pays them. Instead of buying the taxed good they buy something else.
Revenue tariffs are meant to be paid. Ideally everyone pays them. They keep buying the taxed good instead of something else.
If government could be funded by revenue tariffs, I'd be all over that.
You talking about yourself again? Only tariffs you rail against are Trump’s despite every president using them.
You also continue to ignore bad market actor correction tariffs as discussed when you were initially calling all tariffs protective. Lol.
Most people, and Democrats, also don't understand the difference between wealth and income.
More subtly, people don't understand how others accrue wealth, and get upset when they see statements like "Old people have much more wealth than struggling new college grads!"
One of the pillars used to prop up Joe's good economy (now who said that?) Is the "wealth" found in property values increasing. And this is even worse because realizing that value by selling forces one to buy another inflated property value. So the wealth "generated" is actually a wash.
Meanwhile in reality people are taking out 10% loans against their properties from the valuations causing even more credit debt we see continue to rise.
While I'm sympathetic to how expensive college and housing is (and this is no joke--inflation-adjusted, tuition at my undergrad is $3400 a semester more than when I attended), what cripples these idiots has been the idea that they shouldn't have to do any real, actual work to have an easy life. They honestly believe that the Boomers and Gen-X didn't spend their 20s fucking grinding to be able to move up and have the relatively nice lifestyle, and it really doesn't help that college professors are teaching them that you could get a "middle class salary" working in a factory with a high school diploma.
Yeah, they had a "middle class salary," but that's what those jobs provided--a modest income that provided a modest lifestyle, where you didn't eat fast food 3-4 times a week and everyone piled in a fucking station wagon to go on a one-week vacation that left Dad with about ten cents in his pocket by the time you got home, because everything was paid for with cash and there were no ATMs along the way, unless the hotel would cash a check for you. And the homes they provided were about 1,000 square feet with tiny-ass bedrooms, not the mcmansions that are so common the last 30 years.
The concept of a "living wage" has done immeasurable harm.
I've written before about the luxury amenities that are common around college campuses of late, and the relationship they have to lottery-funded "scholarships" and easy access to government-backed student loans, and the perverse incentives these scholarships and loans create.
And we had to "forgive" student loans...because they were too oppressive...
Dorm-Room Design Inspired by TikTok Goes Into Overdrive - WSJ
https://www.wsj.com/articles/dorm-room-design-tiktok-11662491017?mod=hp_listc_pos2
Welcome to the Era of the $10,000 Designer Dorm Room
Rachel Wolfe
College students hungry for comfort and notoriety on social media are pouring extra creativity into decorating t...
Reminds me of that scene in 'Gran Torino' where the kid asks the old man how he got all those tools, and he said over time.
You know you can read books instead of watching movies and television. May make your arguments more valid.
Elon’s only a “billionaire” to the extent that he could supposedly sell off his companies for that amount, not because he actually has billions laying around like a dragon’s treasure hoard.
You can't prove that Elon doesn't have a Scrooge McDuck pool full of cash he can swim around in. That Megafactory is ginormous AND he owns a company that can dig huge tunnels.
In a Sandra-esque, quasi-conspiratorial fashion I actually think this is sorta the plan.
There are legitimate questions as to how and why people so socio- and even psychopathic like Iger and Kennedy and Weinstein and [scans headlines] Jochen Zeitz get paid so much.
Better to focus on the questions about how to punish evil billionaires, who actually built things and handed them down to their kids or sold them off, for building things and/or handing them down to their kids and/or selling them off.
As clear a mandate from the top as you're going to get for state and local Democratic elected officials. It's time to build housing and restore affordability.
Is anyone taking construction advice from the 'You Didn't Build That!' guy? Because I'm not.
Was there a prior mandate to not build houses? If so, why?
Depends on the state / locality. California might as well have one. Or several dozen.
Ironically not a single Democrat understands government itself is a large percent of housing prices. Their affordability is throwing money at it to make matters worse.
Turns out bringing in 100 million more people when demographic replacement by the nation's citizens has largely been on the decline wasn't the smartest move to enhance housing affordability.
Maybe ditch digging, as he certainly dug a huge one for the nation to crawl out of.
The MAGIC American Dream
https://x.com/SymoneBeez/status/1825901142712238180?t=SYRnuY-x1M0AF8yvzxlEgA&s=19
I became the first millionaire in my family all thanks to the government.
I put my family in the same position by putting them on this government game.
Here’s how you can do it too...
[Thread]
She seems to be an ex defense contractor who now scams as a speaker telling people how to get money in tech sold to government. A lot of it from promoting racial identity.
So all it took was a “million dollars” for you to sell yourself and your family back onto the plantation?
...
Huh?! The only way it could be clawed back would be for them to sell assets — interest-bearing Treasury notes and whatever else they may have (I'm not sure what else the Fed is allowed to own) for their unsecured dollar notes. The result would be deflation of dollars. The only way interest rate hikes would help is if they got so high that bank deposits got to be attractive enough to take mucho dollars out of circulation, long term.
The only thing raising interest rates to the degree the Fed has, and reasonably could, would accomplish is lowering the rate of inflation. That's not clawing credit back, that's just slowing the rate at which more enters the economy in dollar terms. Disinflation, not deflation.
Clawing back on inflation doesn’t mean deflation. Doesn’t mean prices get back to pre-inflation. It means they clawed back the rate at which prices are increasing. Sad to say, but these prices are the new normal. They are not coming back down. Getting inflation under control means doesn't mean a return to 2019 prices at the grocery store. It means that prices don’t keep going up at a high rate that they did after the government injected all kinds of money into the economy under the past two administrations.
Well, there’s always hope for some sort of depression type crash!
Getting inflation under control means doesn’t mean a return to 2019 prices at the grocery store. It means that prices don’t keep going up at a high rate that they did after the government injected all kinds of money into the economy under the past two administrations.
Like I mentioned a couple weeks ago, most of the 80s was spent trying to get salaries caught up to the new CPI levels. It didn't really hit the sweet spot until the back half of the 90s.
Inflation is still 3% from an elevated growth under Joe. The current inflation is 50% over target.
But I guess you have to normalize it when you want to say the Dem economy is good.
"Clawing back" usually refers to money. So Ms. Wolfe is either mistaken or, uh, miswritten. The money was not clawed back.
I suppose. Wrong idiom.
Yeah, even during the massively high interest rates of the early-mid 80s, inflation still happened. The only time in the last 60-plus years that it hasn't was a VERY brief moment during the Great Recession, before the Fed started its dumb decade-and-a-half ZIRP policy.
…
The Paycheck Protection Program, intended to help struggling small businesses, went off the rails, abused by fraudsters. Of the $4.2 trillion federal funds distributed during the pandemic, roughly one in every $10 was wasted or stolen.
Only 10%? That’s pretty good! The problem was that it was never on the rails to begin with.
Seriously, though, 10% "shrinkage" wouldn't discourage many businesses.
It would if your margins are thin.
That’s true. In a low-margin business that relies on fast turnover, 10% shrinkage would mean, go out of business and let someone else do it. But if you look at the businesses that were commonly “partners” with racketeers, or rife with embezzlement and crooked cashiers, those sectors were still lucrative enough to be healthy. That’s why they attracted such parasites to begin with.
Also, if you look at the macroeconomic aim of the Paycheck Protection Program, money skimmed off hardly affected it, since it still got into the hands of people who'd spend it.
Wasn’t fat Jeff going on about the purity of statistics last night?
US employment falls by 818,000 in latest government revision
https://finance.yahoo.com/news/us-employment-falls-by-818000-in-latest-government-revision-144414848.html
It was a few days ago he screamed he is all about facts and data. But all he means is the data behind corporate media narratives and government projections. He doesn't mean actual data.
And, as has been pointed out, this is for one year. They have ALSO admitted to cooking the books for two years and possibly even three.
They are just not releasing the COMPLETE re-statement to avoid spooking the market too badly.
Two days ago when Zerohedge broke it, Jeffy was saying it was fake.
Yes he was, and still he wonders why we don't respect the experts, the state (or it's party), or any of it's toadys.
"It's time to build housing and restore affordability."
Because how long will Big Blue Cities remain bastions of socialism if poor people can't afford to live there? They might have to live in Red Suburban communities and commute for hours every day on subsidized public transportation to serve their Socialist mistresses in the city!
My wife was watching the DNC last night while I was in the other room and overheard the potential “First Gentleman’s “ speech. I don’t know if it was me but the guy sounded like he had had a few too many and was slurring his speech. Not that anybody will care
Sobriety is for the working class.
Victory Gin.
Ah, yes, you get it. And the correction is noted. I should have been more specific and said, "Being required to be sober for work is what what defines the working class."
Both he and Kamala like to hit the bottle, apparently. That's where a lot of her fucked-up word salads come from, because she's a day drinker.
That’s where a lot of her fucked-up word salads come from, because she’s a day drinker.
Couldn't tell if it was that, weed, or both but it's about as obvious as Joe's loosening grasp during his campaign.
The main difference being, with fewer public engagements, she's had fewer opportunities to obliquely threaten to air strike law-abiding American citizens or call someone a horse-faced pony soldier.
it's never the weed.
Oh-oh. Could she be the type that needs a drink to function under stress?
Maybe. I'm sure that's where a lot of her "joy" and awkward cackling episodes manifest from. Some people are happy drunks, some are angry drunks, etc.
I would probably be drinking heavily if I was in that room too.
If you were her husband, wouldn't you drink?
I bet "build housing" to these socio-fascists means government management of union labor and minority suppliers. Any bets on how long it will take to complete the first 10 units, and how much each will cost?
"Did the Supreme Court just overrule one of its most important LGBTQ rights decisions?"
[...]
"It included two other provisions benefitting LGBTQ students, including one that requires schools to allow trans students to use the bathroom that aligns with their gender identity, and another prohibiting schools from engaging in certain forms of “unwelcome sex-based conduct.”..."
https://www.msn.com/en-us/news/us/did-the-supreme-court-just-overrule-one-of-its-most-important-lgbtq-rights-decisions/ar-AA1p3S5n?ocid=BingNewsSerp
The Chron had it that the "Trump SCOTUS is set to deny equal protection to ABCDEFG-people!!!!!!". Instead, it looks like the court is trying to figure out how to keep voyeurs from cruising bathrooms.
Bostock was always wrongly decided. It never discriminated on sexual identity but on behaviors of individuals.
I said this at the time. It is/was to be inevitably reversed.
Just as with "Liberty and equality, pick one."; "Sex, Gender, and Sexual Orientation, pick two." All three together is inherently vague and unenforceable.
There is other oxymoronic insanity baked in to the foundation built in shifting sands (see liberty vs. equality), but protection for Sex, Gender, *and* Orientation was obviously a house of cards built on a foundation of sand.
the european mind cannot comprehend lil jon doing georgia's roll call
If it weren't for these people's narcissistic perception of their own unprecedented counter-cultural rebelliousness they wouldn't have anything.
“Most of us will never be afforded the grace of failing forward,” – Says woman seated comfortably on husband’s coattails for almost 30 yrs.
Yeah, ask her who replaced her at the job she had at the hospital when her husband was Senator.
(Answer is nobody. Job was created for her and ended when he became President. Totally on the up-and-up)
while you're at it ask her about that six-fingered photo.
Also asked her about the homeless and poor patients her hospital dumped
I'm much less impressed with Tabarrok's analysis of CEO pay than Wolfe. It ignores at least one crucial element of market pricing, the general path of the market. For example, if a company gets a new CEO on the same day the Fed announces a 75 bp rate cut, is it a market sign of faith in the new CEO if the stock increases by 15% when the market goes up by 20%? Probably not. Similarly, if an existing CEO is committed to a policy that is screwing the company and he's replaced by a generic rando off the street who'd end the policy, is it a gold-plated endorsement of generic rando off the street if the stock were to gain if he were to replace the CEO? Again, probably not.
It strikes me that the dramatic rise in senior management comp relative to performance and relative to compensation, generally, over the last few decades is real and significant. The fact that it's been largely a large-cap phenomenon might be telling. And libertarians should probably give more consideration to it than "Oh, they totally deserve it". Maybe they do, although I'm at a loss to see where current executive management teams are so wildly more competent than their predecessors. Or maybe it's a function of even more cronyist behaviors and incentives than the Cato/Reason gang would be up in arms about if exercised by a $20/hour hairdresser supporting occupational licensing or a $30/hour construction worker pushing to limit illegal immigration.
And libertarians should probably give more consideration to it than “Oh, they totally deserve it”. Maybe they do, although I’m at a loss to see where current executive management teams are so wildly more competent than their predecessors. Or maybe it’s a function of even more cronyist behaviors and incentives than the Cato/Reason gang would be up in arms about if exercised by a $20/hour hairdresser supporting occupational licensing or a $30/hour construction worker pushing to limit illegal immigration.
^This.
Reason/Cato has a pretty well-worn history of saying “MUH PRIVUT KORPORASHUN!”, “They totally deserve it.”, and “Build your own internet.” in defense of market-destroying dishonesty and faithful members of the party. Abiding people like Alex Jones, Matt Taibbi, Tucker Carlson, and Brendan Eich getting what was coming to them to be sure.
The Long March through the institutions has included C-level executives, corporate boards, and promoting people for successfully setting up and running HR conditioning programs for quite some time. The idea that the state hasn’t made starting a business or making money off investments and ossified corporate structure to their own advantage in the last 20, 30, 40 yrs. is absurd. At numerous other points in history, Elon Musk would be, rather than exceptional, exceptionally mundane with regard to ventures and his “eccentric” personality.
this Hamas National Convention has been a little boring overall.
so John quits the Beatles because "silly love songs" then pens Woman has anyone ever asked Paul about the ironing?
Most amazing non-sequitur ever. You win the internet today.
gracias, but also I’ve wondered this since I learned Silly Love Songs was in response ... I want answers!
Paul is dead.
fuck. I forget because that other guy won't stop touring.
Is John Lennon a biologist?
I dunno. Can a communist (with capitalist tendencies) be a biologist?
I can’t imagine that.
I still neglect to ask immediately this question.
>>Former First Lady Michelle Obama's speech was perhaps the highlight of the evening
hateful multimillionaire who can't stand to be hugged by her gay husband rags on B so KH gets faced.
>>"Most of us will never be afforded the grace of failing forward," she said, in reference to Trump's legal and business troubles.
oh, this was your take see I heard this as a shot at KH ...
>>"We don't get to change the rules so we always win."
there's the mask off.
>>Whether this is actually true is unfortunately beside the point for many voters. It's the tonal shift, and both Obamas' abilities to deftly condemn Trumpism while promoting a positive vision of how America ought to operate, that will probably matter most.
well to you obviously. most others see right through the Os
>>the european mind cannot comprehend lil jon doing georgia's roll call
which half of Europe, the bluebloods or the recently Middle Eastern ambulatory crowd?
I think it's safe to say he's not talking about Princess Angela of Lichtenstein or Baroness Cecile de Massey of Monaco.
Because saying your intellectual and cultural sophistication cannot be comprehended by european minds like that would be unbelievably, insanely, obliviously racist, if not overtly nationalist/supremacist.
lol sometimes I can't even respond.
>>Mob boss at the funeral of a guy he had whacked
this wasn't Tony sending in Christopher and Paulie this was Tony shooting Brendan in the cabin out in the Pine Barrens
>>a little over a dozen people attended a discussion about the future of anti-abortion politics in the Democratic Party
self-answered via attendance.
More people were going to show up but they changed their minds at the last minute.
lol my mother did thank goodness. can you imagine this world without me?
>>As clear a mandate from the top as you’re going to get for state and local Democratic elected officials. It’s time to build housing and restore affordability.
~~James Earl Carter, Jr. c.1977
Yo Reason, what about those revised job numbers for last year? Only -818k. It was worse than everyone was expecting.
Don't worry this is the most honest administration ever!
Yeah well, some people were saying it was going to be over a million, so I guess we're doing better than we thought!
It was actually -819k, but for the +1k upward revision to the government jobs tally . . .
Many of us have been pointing out the badly flawed fed data the entire time.
Wonder what sarcs preferred economists were saying, aka shrike.
Again...they have to restate for MULTIPLE years.
This was just ONE.
It is not going to get better.
Wonder what sarcs preferred economists were saying,
Something like:
"When you you state that the likelihood of a valid estimating tool overestimating the actual number of jobs created for 17 consecutive periods is statistically indistinguishable from zero, you are denying those extra jobs to the most vulnerable members of society."
They were strategically and reluctantly lower than expected.
Hey, Comrade Bernie.
Now that you're worth eight figures and are part of the one percent, how much of your ill-gotten gains are you going to give to the poor and the oppressed in the US, or are you just another latte liberal hypocrite?
And at least get a decent haircut.
Remember when he got kicked out of a commune for being a lazy-ass?
I got here late on this one, but the parts of M Obama's speech I heard were "Black" "Black" "Black" "Racist" "Black".
Skin color was by far the most important thing.