The latest meme around the Trump tariffs is TACO: Trump Always Chickens Out. Savvy traders are buying on the TACO tariff dips and selling on the TACO caves. And those caves are popular. “Yesterday, the Conference Board reported that in May consumer confidence surged by 12.3, the largest monthly increase in four years. Bloomberg said […]

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I recall a time when the Republican Party stood for small government and local control. The grandiose Trump GOP cult has abandoned that principle in favor of meddling in anything and everything public and private that Trump opposes. “The administration has threatened to hold back the funds and permissions unless New York stops charging tolls […]

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I didn’t apply to Harvard. I wouldn’t have gotten in if I had. Even though I lettered in track and field and was captain of my high school cross country team, I was a B student in high school. I didn’t apply to Harvard for grad school either. The lab where I did my postdoc […]

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U.S. President Donald Trump opened Memorial Day in the most disgusting way possible, not by praising our fallen heroes but by attacking Democrats. He wrote on his Nazi-infested social media site on Monday morning: Happy Memorial Day to all, including the scum that spent the last four years trying to destroy our country through warped radical left minds . […]

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Carpetbagger Mikie Rogers Trying to Become a Michigan Senator Again. He could not beat Stabenow (won by ~ 1 million votes) and he was not about to take on Peters who won by 500,000 votes over a different candidate. Rogers had a disliking for the ACA and did not have much to offer in place […]

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Change in Household Income Resulting from the Republican and Trumps extension of the 2017 Tax Bill or the TCJA Daniel Becker had this bar chart on Facebook which details how the tax break will play out. Really great for the 1 tenth of 1 percenters. Good for the top 1 percenters and the upper five […]

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 – by New Deal democrat Last week the existing home sales report showed continued deceleration in YoY price increases to 1.8%, indicative of the ongoing rebalancing of the housing market. This morning’s repeat home sales reports from the FHFA and S&P Case Shiller confirmed that deceleration and ongoing rebalancing. On a seasonally adjusted basis, in […]

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It’s not just Tesla that is becoming poison in Europe: “European airlines are freezing their transatlantic growth and pulling back from major U.S. cities like New York, Miami, Los Angeles, and Chicago as they redirect flights to Canada, Mexico, Brazil and Caribbean, where bookings are rising and demand is outpacing the American market. Carriers including […]

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Weekly Indicators for May 19 – 23 at Seeking Alpha (plus bonus charts)  – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. The effects of Tariff-paloooza! are like a slowly building tsunami. The tide rolled out, but now far out at sea there is a horizon to horizon white wall of foam. […]

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I wasn’t gonna buy a Tesla before Elon joined the Trump Administration, so his politics weren’t a consideration. Apart from the fact that I wouldn’t pay that much for a car, I’ve never lived in a place where Teslas are green. Before we left St. Louis, ca. 80% of electricity in Missouri came from burning […]

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Senator Chris Murphy Charges that Trump “Has Opened a Channel for Bribery”

By Pam Martens and Russ Martens: May 26, 2025 ~ Last Thursday, two things happened that tens of millions of Americans believed could never happen in their country. First, the sitting President of the United States, Donald Trump, brazenly and openly courted monetary investments from foreign actors in one of his personal crypto business schemes in exchange for access to the President at an invitation-only reception and dinner, at which the press was barred from attending. The marketing site for the event included this language: “The Top 25 $TRUMP Meme Coin Holders on the leaderboard will enjoy a Private VIP Reception with President TRUMP and Separately by us to a Special VIP TOUR.”   In law-abiding countries this is known as illegal quid-pro-quo by a sitting government official. The U.S. previously dealt with such matters with criminal prosecution. But that was before Donald Trump turned the U.S. Department of Justice, the U.S. Attorney General, and the … Continue reading →

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Trump says he’s using tariffs to re-shore manufacturing from other countries. Setting aside the fact that it takes years to build and operationalize a manufacturing plant, why would anyone bother when he flip-flops every week? This has nothing to do with jobs in America. This is pure market manipulation for speculators. “Donald Trump has announced […]

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Cutbacks to the Energy Star program will result less efficiency and greater costs to consumers. But then, costs passing to the plebian citizens were not in the minds of Republicans. The thought pattern here being . . . will citizens remember who was responsible for increasing energy costs? Ultimately, Republican in Congress are responsible for […]

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Better explanation on the “One Big Beautiful Bill” impacts Medicare by Merrill Goozner at GoozNews. It hits providers and insurers directly, not beneficiaries. People need to be educated about the impact — not the $500 billion number. I’m no defender of the cruel and unusual punishment inflicted on the American people by the House Republicans’ […]

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At this particular point in time, I would forestall any travel to Europe for work or vacation. My German cohorts were always somewhat cautious around myself and others. Herr Trump and his band of sycophants have caused serious damage to the US imagine and relationship. The same as Trump, they would be suspicious. They will […]

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by New Deal democrat From Lincoln’s Gettysburg Address: “… [O]ur fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal. “Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can […]

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Libertarianism is the political philosophy of middle school boys and arrested development. This is well-illustrated by the bleat that people should just “do your own research.” Look, I made an entire career out of research and was well-compensated for my judgement. But I certainly wouldn’t trust my judgement on which drugs are safe and effective […]

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Briefly: A person born in the United States cannot be denied citizenship:  Some anti-immigrant political groups have tried to restrict birthright citizenship. For example, in 2016, the D.C. Circuit Court ruled that American Samoans are nationals but not citizens at birth.  Birthright Citizenship in the United States The Fourteenth Amendment to the United States Constitution guarantees […]

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A repost from “The one-handed economist” site Review: The End of the World is Just the Beginning – The one-handed economist KA recommended this 2022 book, and I was very much interested in the thesis of its author, Peter Zeihan, i.e., that the world is going to hell in a handbasket, and that the US will come […]

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U.S. District Judge John Bates, appointed by G.W. Bush, awarded summary judgment to Jenner & Block, finding President Trump’s executive order against it unlawful, null and void: “This case arises from one of a series of executive orders targeting law firms that, in one way or another, did not bow to the current presidential administration’s […]

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