For once, we’re all on the same break.
So many rats and so little intelligence. NH Democrats just can’t decide on who will lose to Trump in November.
“In the past couple months, I’ve made a decision, then changed my mind, then made a decision, then changed my mind,” she said. “So, honestly, it’s right down to the wire.”
That’s the gist of the whole article and debacle. I’m sure they’ll get it right. Democracy and so forth.
The DNC hates Bernie, it’s as simple as that. Robbed in 2016, it’s happening to him again in 2020. The clown show in Iowa:
“They are matching the paper worksheets by hand,” an adviser to one of the top tier campaigns said. The party said only 35 percent of the results were in and none of it was yet verified. “They literally have no verified results right now so we won’t know anything until sometime Tuesday.”
“We have no sense when results might come in,” said Anita Dunn, a senior adviser to Biden. “We are, as other campaigns are, very concerned with what they might release: the alignment numbers are not adding up.”
“It’s a total meltdown,” she added.
They can’t count the votes until after they manufacture them. Bernie, however, released some preliminary info:
About the only thing of real interest is a small number at the bottom. There are 9 honest Democrats in Iowa, as indicated by the number still supporting, at the end of the circus, their only candidate dangerous to Trump.
I still think it’s going to be Warren. Yeah, they may broker the convention, with a possible dark horse by Hills or Michelle, but so what? It’s just as likely that Bernie would keep running as an independent, taking 1/3rd of Democrat voters with him. Trump might not even have to do debates or even campaign beyond a simple Tweet, “Please re-elect me. Thanks.”
2020 is off to a rocking great start! That is if you’re a criminal banker. And, the money just flows!!!
… means the Fed just injected a total of $99BN to keep the levitation party going, and confirms that the repo market remains paralyzed.
Worse, any attempts to drain liquidity from the repo market, or generally slow down the shrinkage of the balance sheet, will be met with failure. It is also another indication that the repo market now holds the Fed hostage, with Powell now trapped in not only injecting liquidity via QE4, i.e., the monetization of T-Bills, but continued reliance on repos in the $250BN range.
Of course, should the Fed threaten to pull even a bit more liquidity than the market is comfortable sacrificing, and stocks get it. The flip side too: as long as the Fed keeps growing the balance sheet at a rate of about $100 billion per month, the market meltup will continue.
Best economy ever! As they boasted the other day, it is now virtually recession-proof.*
*”virtually recession-proof” does not preclude the (mathematically certain) proposition of depression or total collapse.
And we enter into 2020! Wow. And, it’s the ninth calendar year for the Highly Respected Web Log. There’s a lot to come, soon and over the year. Post 3,000(!) is right around the corner. More fiction and then some. The Eighth Anniversary is ahead this June. Stay tuned. For now, enjoy some champagne. – P
A few things, by way of update:
The reviews of THE SUBSTITUTE are slow to come, but they’re all good. The most recent from Amazon:
December 25, 2019
I have some edits prepared and underway to make the reading a little easier. Look for those soon and when you see them. Also, I am happy to announce the following tentative progress:
AURELIUS: Coming early in 2020; a Tom Ironsides (first person) novella and prequel to THE SUBSTITUTE; about 1/3 – 1/2 finished and rapidly gaining ground.
THE HUNTING OF ???: Also for 2020; another Ironsides’s adventure in the run-up to THE SUBSTITUTE (and AURELIUS); a novelette or shorter novella; about 1/2 finished.
SANGUINIS LEX: Another substantial novel that I hope to have out in the coming year. It’s a blended-genre book set in the Ironsides’s world, though only very briefly featuring him (and Dandy and the Bass Slayers…); the expression of an idea I have had since very early in the Century. It’s a dark and dangerous ride into a most uncomfortable subject. But hey, half the blending is romance, so there’s that. “Sanguinis Lex” roughly translates to “the law of the blood,” if that helps give any hints. This one is purey in draft form – they’re all in draft form – and it’s about (maybe) 1/5th complete, in an incomplete way. A most pressing literary endeavor.
As always, there will be more drivel here, perhaps with a few structural changes (like I always threaten); and look for the first TPC column of 2020 next week – a return to non-fictional views on the affairs of the nation, unique and interesting to be sure.
Much more to come.
Happy first day of winter 2020. Roll, Boris, roll.
Britain took a big step towards the European Union exit door on Friday when lawmakers gave preliminary approval to Conservative Prime Minister Boris Johnson’s EU divorce bill in a decisive vote that broke years of political deadlock over Brexit.
The House of Commons, with its Conservative ranks swollen after Johnson’s election victory last week, voted 358-234 for the Withdrawal Agreement Bill, clearing the way for the U.K. to leave the European Union next month.
Friday’s vote was a moment of triumph for Johnson, who won a commanding parliamentary majority in last week’s general election on a promise to end more than three years of political gridlock and lead Britain out of the European Union on Jan. 31.
May this be the final forty days in the great wait.
Little liar Gloomberg is telling short tale while pandering his way toward nomination defeat next year.
Presidential candidate Michael Bloomberg said Tuesday that the United States needs “an awful lot more immigrants rather than less.”
On his second day campaigning for the Democratic nomination, the former New York City mayor contrasted his views on immigration with President Donald Trump’s restrictive policies and laid out a vision of a multicultural society enriched by immigrants.
Doomberg, ironically, proved just why immigrants are too dangerous to tolerate. And, what is the obsession with the population? Beyond political control, I mean. Birth-rates and invasion and that’s it. If the birthrate is at an all-time low, then why does the total population keep rising?
The Centers for Disease Control and Prevention showed the findings of their 2018 study on Wednesday.
There were 3,791,712 registered births in the US, a figure lower than the amount of babies needed to replenish the population.
TWO KIDS PER WOMAN
The total fertility rate, which is the amount of offspring a hypothetical woman will have in her lifetime, had also dropped.
For 2018, that figure stood at 1,729.5 births per 1,000 women aged 15 to 44, which marked four years where the rate had decreased.
In order to keep the current population stable, there would need to be 2,100 births per 1,000 women based on that metric.
This means that each woman in the US would need to have at least two children, if not more.
The CDC? Are kids a disease now? I suppose so, so long as they’re white. What a shame that there’s no way to produce new Americans. Maybe Shitberg has a point…
This won’t help. Add in the DNC one-percenter.
Billionaire Michael Bloomberg’s essentially limitless budget for his Democratic presidential bid adds uncertainty to an already crowded and unsettled race while increasing the odds of a prolonged nominating battle in a contest that has yet to produce a definitive front-runner.
We’ll have some definitive losers though. Still think it’s Warren, who is sick of freeloaders like DoomBerg.
Another potential gift of the 16th Amendment. Squaw Warren’s tax plan is technically, legally possible.
Democratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%.
That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder: Under which circumstances would taxpayers have to pay those rates? How might that change their behavior? And would investment and economic growth suffer?
Potential tax rates over 100% could result from the combination of tax increases the Massachusetts senator proposes for the very top tier of investors. She wants to return the top income-tax rate to 39.6% from 37%, impose a new 14.8% tax for Social Security, add an annual tax of up to 6% on accumulated wealth and require rich investors to pay capital-gains taxes at the same rates as other income even if they don’t sell their assets.
Consider a billionaire with a $1,000 investment who earns a 6% return, or $60, received as a capital gain, dividend or interest. If all of Ms. Warren’s taxes are implemented, he could owe 58.2% of that, or $35 in federal tax. Plus, his entire investment would incur a 6% wealth tax, i.e., at least $60. The result: taxes as high as $95 on income of $60 for a combined tax rate of 158%.
One of the lies told to sell the Sixteenth was that the highest rate would never come close to 10%. My weak math skills suggest that 158 is greater than 10. This may be TPC’s topic for next week. For now, I think I am actually in favor of this scheme of theft and slavery. But maybe that’s just the accelerationist in me. Tick. Tick. Tick.
UPDATE: When reading the WSJ article about Squaw, note the names of the policy-makers and backers.