Sonic Youth Gossip

Sonic Youth Gossip (http://www.sonicyouth.com/gossip/index.php)
-   Non-Sonics (http://www.sonicyouth.com/gossip/forumdisplay.php?f=5)
-   -   The Politics Thread (http://www.sonicyouth.com/gossip/showthread.php?t=123593)

!@#$%! 02.20.2024 08:24 AM

Quote:

Originally Posted by Beer In Belly
Shit the bed. What has this place turned into? the financial times?!


good newspaper, im a subscriber

but that was the us bureau of labor statistics. their data moves markets everywhere

Quote:

Originally Posted by Beer In Belly
Won't be an issue considering these posts put me to sleep :p


 


now sleep already. why just announce it? all talk and no show...

!@#$%! 02.21.2024 04:59 PM

frozen fertilized embryos are people in alabammy

you heard it first elsehwere!

The Soup Nazi 02.21.2024 05:19 PM

Quote:

Originally Posted by !@#$%!
frozen fertilized embryos are people in alabammy


Which begs the question: Can you freeze children now? I mean, you want a vacation (read: sexcapade) just with your wife, no having to take care of brats and stand their moronic chants in the car, you should now be able to freeze the little fuckers. People are people!

!@#$%! 02.21.2024 05:26 PM

Quote:

Originally Posted by The Soup Nazi
Which begs the question: Can you freeze children now? I mean, you want a vacation (read: sexcapade) just with your wife, no having to take care of brats and stand their moronic chants in the car, you should now be able to freeze the little fuckers. People are people!

totally. with the price of child care these days nothing beats the efficiency of a chest freezer

 

The Soup Nazi 02.22.2024 09:50 PM

This fuckin' guy. :mad:

The Soup Nazi 02.28.2024 07:01 PM

From Wonkette:

Quote:

Mitch McConnell Peacing Out, Has One More (UKRAINE) Thing (UKRAINE) On To-Do List (UKRAINE)

House Speaker what's his name is 'isolated' on 'an island.'

The late-breaking news is that Senate Minority Leader Mitch McConnell be dead will be stepping down as the Republican leader in November. He has served longer than any other party leader in the entire US American history of the universe.

“One of life’s most underappreciated talents is to know when it’s time to move on to life’s next chapter,” said Mitchums. “So I stand before you today ... to say that this will be my last term as Republican leader of the Senate.” Well all right. If he thinks he’s grown up enough to move on to “life’s next chapter.”

He says he’s sticking around as a senator until his term is over, in January of 2027. We assume the new leader will be chosen in the traditional Republican way, which involves the current leader handing out big pieces of cake to all the members. Inside each one is a live baby, a kitten or a puppy. (It’s like Mardi Gras, except everybody wins!) Whoever eats theirs fastest is crowned the new leader, so all hail JD Vance!

(In all seriously you guys, Politico reports it’s likely to be a fight between John Thune of South Dakota, John Cornyn of Texas, and John Barrasso of Wyoming. Who will win? John will win.)

The original purpose of this post wasn’t to write Mitch McConnell’s political obituary, but rather to talk about the meeting all the congressional leadership — McConnell, Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries, and extremist freakshow insurrectionist pubestain Speaker Mike Johnson — had yesterday in the White House.

It was partially about averting a government shutdown ahead of this Friday’s deadline. Johnson swears he does not want a shutdown, as long as the entire world is willing to give him whatever he wants in return. (Wonkette is examining that in a different post de blog.)

But much of the meeting was spent reportedly teaching Speaker Johnson how to be a real American, as opposed to a Putin rentboy. You see, the big update on that direly needed Ukraine funding the Senate passed is that Johnson still hasn’t done fuckdick with it. How many innocent people have died because weak and ineffective leader Mike Johnson was too busy sitting on his thumbs? You’ll have to ask the Ukrainian government that.

Politico reporter Burgess Everett relayed Chuck Schumer’s words afterward: “The meeting on Ukraine was intense. It was intense because everyone in that room is telling Speaker Johnson how vital it is. I’ve rarely seen a meeting with the passion, the importance of getting something done.”

McConnell has long believed getting this Ukraine funding through — and seeing Ukraine through, in general, in its unchosen war against the genocidal dictator next door — to be key to his legacy.

Politico reports that McConnell spent his time in the meeting telling Johnson please pass the fucking Ukraine aid bill. They report that McConnell is “sensitive to Johnson’s tough position” — i.e. how weak of a leader Johnson is, we think they are saying? — but he’s not showing “deference” the way he did with Kevin McCarthy.

More words from the reporting about where Johnson finds himself are “on an island” and “isolation.” Politico says it was a “near pile-on” from the Democrats — which of course included President Joe Biden — but notes that Schumer said afterward, “McConnell was the lead speaker in saying we needed to do Ukraine” and that “It was the consensus in that room Zelenskyy and Ukraine will lose the war” if America doesn’t get its shit together with this aid. (God has chosen you for this one job, Mike Johnson! Don’t disappoint God more than you already have.)

Yesterday afternoon, McConnell told reporters:
“What I hope is that the House will take up the Senate bill and let the House work its way. If they change it and send it back here, we have further delays,” McConnell said on Tuesday afternoon. “We don’t want the Russians to win in Ukraine.”
(NOTE: A lot of MAGA Republicans are traitors who do want the Russians to win in Ukraine.)
“So, we have a time problem here. And I think the best way to move quickly and get the bill to the president would be for the House to take up the Senate bill and pass it.”
McConnell ain’t the only one talkin’ shit either:
“I don’t know how many political lives he has,” Sen. John Cornyn (R-Texas) said of the speaker. “But I think it’s really important that we get [Ukraine] done.”
LMAO did John Cornyn just call Mike Johnson a pussycat? We think he did.

Cornyn also said Johnson is “trying to figure it out and I wish him well.” So we guess that means Cornyn will send a card whenever Marjorie Taylor Greene or Matt Gaetz decides it’s time to burn Johnson for a witch.

So will Johnson actually do something, or is all that Ukrainian blood going to continue to collect on his hands? Three guesses:
While all four top leaders are now in apparent lockstep about avoiding a government shutdown, Johnson remained noncommittal on an emergency foreign aid bill, simply stating that lawmakers must prioritize the U.S. border before helping an ally overseas. He is pushing Biden to use executive actions to tighten security on the southern border before turning to Ukraine, and he is not alone in that view.
Great. The forked-tongued porn-cop from Louisiana just needs to bitch some more about “border,” even though Johnson has said out loud with his actions that he and his conference do not actually care about “border.”

Politico has more on the back-and-forth as it currently stands — it could still end up being a few centrist Republicans joining with Democrats to go around the limp dick with the gavel to get the funding through the House — as well as the pushback McConnell is currently experiencing from the Putin wing of the Senate.

Speaking of the Putin wing in the Senate, several of them are now saying the only way to end Russia’s war on Ukraine is a “negotiated settlement,” by which they mean Putin would get SOME rewards for invading the country next door and raping and murdering its children to death.

That’s what that means, right, JD Vance? Please clarify if we have that in any way incorrect. (And please translate the clarification out of the original Russian while you’re at it.)

[Politico]

The Soup Nazi 03.03.2024 08:52 PM

SCOTUS' ruling on Orange Putschist's eligibility could be announced THIS MONDAY...

!@#$%! 03.04.2024 10:48 AM

scotus decided unanimously that it's not up to the states to remove candidates from a federal ballot

i think this is correct, and that has nothing to do with the odious orange blob, may he rot

the thing is we can't have texass decide to remove biden from the ballot because texass, etc

!@#$%! 03.05.2024 02:41 PM

ps sinema show won't be running again

Toilet & Bowels 03.06.2024 05:28 PM

She took enough back-handers to retire on, I presume.

!@#$%! 03.06.2024 07:18 PM

Quote:

Originally Posted by Toilet & Bowels
She took enough back-handers to retire on, I presume.

im gonna guess that means kickbacks and so... probably? (from private equity i would assume)

but her retirement makes me fear for arizona. kari fucking lake now has the door open again. and i don't know how lefty is gallego, but arizona is far from a progressive place.

actually i thought sinema was a good fit for that population. yes, she and manchin declawed parts of bidenomics, but without those parts inflation is already causing trouble, and the fiscal prospect looks uncomfortable if the growth does not follow.

with the full 5 trillion the rest of the democratic senate wanted... i don't know where we'd be. awash in devalued money maybe? it was an enormous gamble on growth, and industrial policies are never guaranteed (ask france)

anyway we'll have to see what happens next, for me it's just a guess. if democrats overreach the backlash could spell doom. fascists feed on resistance to leftist excesses.

please note i don't judge these as "excesses" from my point of view, but rather from the point of view of what the average population of a place is accustomed to think and experience (in this case, center-right arizona)

remember how the tea party appeared in reaction to obamacare, meaning federal romneycare, originally actually nixoncare, i.e., the swiss model lite? (no jail here). universal health insurance is far from excessive for me, but for people who are used to winging it on their own, like moe tucker.... it was a big shock that reeked of "socialism"

see: https://web.archive.org/web/20101022...ound_video.php

(some comments are great at explaining the general stupidity of her position btw. but also she scores some good points. i mean jsut because she bangs drums it doesn't mean she has to be non-mainstream in some areas. she's very mainstream here. but anyway... what people are accustomed to do, how they react when things change, etc, still applies. yeah, so, sinema was a good fit for arizona i thought. and how are we going to pay for all things? growth maybe, if it happens, but it's still a big gamble: Warnings from history for a new era of industrial policy
https://www.economist.com/finance-an...ustrial-policy
from The Economist )

Savage Clone 03.06.2024 10:53 PM

She’s a complete and total piece of shit, but I do wish some people from the far left would take a page from her book and just go in with the idea of being one and done and cram as much shit down peoples throat as they can. Stop worrying about getting reelected. Make a significant dent and get the fuck out.

_slavo_ 03.07.2024 03:34 AM

My home country is quietly becoming a dictatorship again. I was born in a dictatorship and might die in one too.

!@#$%! 03.07.2024 04:07 AM

Quote:

Originally Posted by Savage Clone
She’s a complete and total piece of shit,.


compared to an ideal politician, in an ideal country, maybe she is

but compared to kari lake, one of her actual alternatives, she's fucking amazing

kari lake is the complete and total piece of shit in this scenario. look her up. that one has no redeeming qualities or sane political positions whatsoever

and arizonans could elect her... shudder

Quote:

Originally Posted by Savage Clone
but I do wish some people from the far left would take a page from her book and just go in with the idea of being one and done and cram as much shit down peoples throat as they can. Stop worrying about getting reelected. Make a significant dent and get the fuck out.


but after they get the fuck out, their works gets undone.

americans are very right wing compared to other peoples. if there is no political culture to support these things they just don't survive

take the fate of the cfpb for example. even with elizabeth warren still in congress it's always on the verge of getting dismantled. and it will continue to be a target of republican administrations until they are done strangling it

obamacare also continues to be a target. instead of improving it, republicans are trying to kill it altogether

or take roe v wade. killed after 50 years of rabid resistance. it never took hold in some sectors and it was a rallying point of the religious right

...

perhaps the country is too big to agree on much

!@#$%! 03.07.2024 04:08 AM

Quote:

Originally Posted by _slavo_
My home country is quietly becoming a dictatorship again. I was born in a dictatorship and might die in one too.

i'm so sorry man :(

choc e-Claire 03.07.2024 07:07 AM

Quote:

Originally Posted by choc e-Claire
Kyrsten Sinema is a perfect example of why bisexuals cannot be trusted. Too addled to decide on their preferred sexual partners, too addled to decide on anything politically.

I've already spoken on Sinema, hopefully a good successor comes along.

!@#$%! 03.07.2024 09:44 AM

Quote:

Originally Posted by choc e-Claire
hopefully

https://azsos.gov/elections/results-...ion-statistics

https://pulitzercenter.org/stories/r...amiliar-divide

https://duckduckgo.com/?q=kari+lake&...r=news&ia=news there you can track the real fucking loon (or you can check out her twatter)

_tunic_ 03.08.2024 03:25 AM

Quote:

Originally Posted by _slavo_
My home country is quietly becoming a dictatorship again. I was born in a dictatorship and might die in one too.

we are heading the right-wing way as well
four parties are trying to work together in forming a coalition who don't want to work together.

I wonder how long it will take before they realize it will never work



 





I wanna live with a Sinema girl
I could be happy the rest of my life with a
Sinema girl

_slavo_ 03.08.2024 08:33 AM

Quote:

Originally Posted by _tunic_
we are heading the right-wing way as well
four parties are trying to work together in forming a coalition who don't want to work together.

I wonder how long it will take before they realize it will never work




 





I wanna live with a Sinema girl
I could be happy the rest of my life with a Sinema girl





the world is turning to fucking shit lately.

I have built up quite a thick skin over the years, but this is just making me depressed

!@#$%! 03.08.2024 10:53 AM

uncle joe did good yesterday! i didnt watch the whole speech but yeah. very lucid, and way saner than covfefe. i feel encouraged by this and do not fear the polls.

also i don't care for purity tests. we face a simple binary choice in this federal election. this isn't a school board or city council where you can vote for a fringe candidate and see what happens. but i am glad that michigan voters spoke clearly in the primary, and i think they've been heard. regardless of who started what and when, and who is who's ally, religions, and political alignments, etc etc... mass starvation of civilians cannot be allowed. there have to be limits to any war. let the humanitarian aid flow. so what if it required voter pressure--that's how democracy works. thanks, michigan

...


re: pain in our times: epicureanism and stoicism (with 21st century updates) continue to be the available individual responses to unpleasant times that i can see honestly working. and even though the epicurean garden can be destroyed, it can also be relocated nowadays, to escape destruction. for collective response (which epicureanism avoids), stoicism can blend well with politics. i like to combine them pragmatically. there is no need to be monotheistic and faithful, so to speak. it's a bad mental habit. well, two habits: monotheism, and faith. like the proverbial person with just a hammer, but with added stubbborness

we live in dangerous times, no question. it's not that we're in a bad situation in itself, overall. all times are dangerous. and in some sense, we are close to the peak of civilization. but the risk looks enormous (it's a very hard fall when you're riding high). there are plenty of doom prophets out there, but i'm not one of them. i think disaster can be prevented, or mitigated, or weathered, if we do the right thing (these are degrees of handling). it's just never over. reality is an infinite game.

---

eta nonfarm payrolls released this morning looked better than expected but last month's figures were revised downward so the us economy keeps doing well, basically, but not explosively well, so the soft landing (?) is in sight consistent with powell's testimony yesterday. rate cuts might be possible in june. here's hoping, because a no-landing would create problems. inflation must be tamed, or everyone loses

The Soup Nazi 03.19.2024 01:17 AM

Wasn't this asshole "worth ten billion"? At this that's one of the lies he tried to sell us in 2016. Snake oil tycoon can't even come up with half a billion. Say goodbye to your New York shit, motherfucker!

The Soup Nazi 03.30.2024 04:46 AM

From the NYT (1/2)

Quote:

Why does Obamacare work as well as it does?

By Paul Krugman
Opinion Columnist


We’ve just passed the 14th anniversary of the enactment of the Patient Protection and Affordable Care Act, a.k.a. the Affordable Care Act, a.k.a. Obamacare — although many of the law’s provisions didn’t take effect until 2014.

In its early years, Obamacare was the subject of fierce criticism from both the left and the right. Actually, as I pointed out in my most recent column, politicians on the right are still saying the same things they said a decade ago, pretending that their predictions of doom haven’t been falsified by events. But Obamacare has survived, greatly expanding health insurance coverage without busting the budget. Critics on the left complain that it hasn’t produced truly universal health care, which indeed it hasn’t. But it has done a lot and has become quite popular:

 


So why has Obamacare worked as well as it has?

The thing is, critiques of Obamacare from the left have a point. If your goal is to give people access to health care, why not just give them access, by instituting a single-payer system in which the government pays the bills? This was, in fact, what we did for seniors when Medicare was created in the 1960s.

The A.C.A., however, created a complicated system in which people have to buy their own insurance, although in many cases the government picks up much of the tab. And the complexity of the system, combined with the fact that important parts of it are run by state governments, some of which are controlled by conservatives who want Obamacare to fail, means that a lot of people fall through the cracks: 8 percent of the U.S. population is still uninsured, although that’s a lot better than the pre-A.C.A. situation:

 


Why, then, didn’t we go for single-payer? Politics. It wasn’t just a matter of buying off the insurance industry by keeping it at the center of American health care, although that was part of it. More important, I believe, was the perceived need to avoid disturbing Americans happy with their existing health coverage, mostly those getting insurance via their employers. Rather than reforming our whole health insurance system, Obamacare sought to fill the holes in our system by adding new stuff. In particular, it tried to create a working marketplace in which individuals not covered by their employers could find affordable health insurance.

Many people, especially but not only on the right, expected this effort to fail. I don’t want to get too deep into the weeds here, but the A.C.A. prohibited insurers from denying coverage or charging higher premiums to people with preexisting medical conditions. This kind of regulation can cause a “death spiral”: Too few healthy people buy insurance, so the risk pool gets worse, which drives up premiums, which drives out still more relatively healthy people, and so on.

Initially, the A.C.A. included a “mandate” — a penalty on Americans who didn’t have insurance — but it’s not clear how effective the insurance mandate ever was, and Republicans eliminated the penalty in 2017.

Yet Obamacare didn’t collapse. Why not?

Here’s how I’d put it: In practice, Obamacare has ended up functioning a lot like a single-payer system after all — and such systems aren’t subject to death spirals.

First, a large part of the rise in health coverage came from an expansion of Medicaid, the government health insurance for lower-income Americans — single-payer, although less generous than Medicare:

 


Second, individual purchase of insurance on the A.C.A.-created marketplaces is subsidized. In fact, last year 91 percent of marketplace enrollees were receiving so-called premium tax credits. In many cases these credits cover a large part of an individual’s premium. Also, crucially, the subsidies don’t take the form of lump-sum credits. Instead, the law specifies a maximum percentage of income that enrollees can pay for insurance (that percentage itself depends on your income) and makes up the difference if premiums exceed that maximum.

This isn’t single-payer, exactly, but it does mean that the government is the marginal payer, in the sense that even if premiums rise, most people don’t pay more — the government picks up the extra bills. This in turn means that a death spiral basically can’t happen, because even if healthy people drop their insurance, costs for most enrollees don’t rise.

This is smart policy design; among other things it protects the A.C.A. from hostile politicians. Soon after taking office in 2017, Donald Trump declared that “the best thing politically is to let Obamacare explode.” And while his attempt to repeal the law failed, his administration engaged in acts of sabotage, in effect trying to induce a death spiral. But the subsidies frustrated this plan. In 2019 I asked Nancy Pelosi about how politicians like her had interacted with the clever policy wonks who devised such a robust system. “I am a wonk,” she replied.

Obamacare, then, has defied the doomsayers. But what about warnings that it would prove unsustainably costly? As I noted in the column, federal spending on health care is currently considerably lower than the Congressional Budget Office projected before the A.C.A. went into effect, despite the expansion of coverage. How was this possible?

The Soup Nazi 03.30.2024 04:47 AM

(2/2)

Quote:

Part of the answer is that before Obamacare went into effect, the uninsured in America consisted disproportionately of relatively young adults — and the health costs of younger people are, on average, much lower than those of seniors (who were already covered by Medicare). So covering many of the uninsured was never going to cost all that much, unless the policy design was fatally flawed, which it wasn’t.

Beyond that, the enactment of the A.C.A. coincided with a sustained slowdown in the growth of overall health care spending:

 


We don’t know exactly why this happened. The A.C.A. contained a number of measures intended to control costs, which may partly explain the bending of the curve. It’s worth noting, however, that health costs have leveled off across the advanced world. It’s possible that the direction of technological progress in medicine has shifted, generating fewer ways to treat the previously untreatable and more ways to deliver care more cheaply. And to some extent we may be seeing the effects of Stein’s Law: If something cannot go on forever, it will stop. Health spending couldn’t absorb an ever-growing share of national income, so at a certain point insurers and providers began to take cost control seriously.

In any case, Obamacare has worked. It didn’t provide universal coverage, but it did provide health insurance to millions of Americans, some of whom desperately needed that safety net — and it did so without breaking the bank. Predictions that the A.C.A. would be unworkable have been proved wrong. At this point, the only serious threat the program faces — and it is a serious threat — is political: People who kept insisting, wrongly, that health reform would die of its own accord may simply step in to kill it.

Quick Hits

45 million people.

Republicans still really hate Obamacare.

Some states (including Massachusetts and New York) have close to universal health care.

Arguably it should be called Pelosicare.

The Soup Nazi 04.21.2024 01:26 AM

Actual cover of the New York Post this Sunday:

 


Y'know, when you're too much even for the NY fucking Post...

!@#$%! 04.28.2024 02:03 PM

��hahahahahaaa! that fucking donkey. i'd be glad to see her laughed away from congress (the weird signs are meant to be a finger emoji pointing upward but this board won't read it)

==

SO, THE BRITISH ELECTION IS ON THURSDAY, HUH? you guys have weird schedules

who will you vote for? what are their chances?

(and btw, how is brexit treating ya? everything coming up roses? )

The Soup Nazi 04.28.2024 09:37 PM

Quote:

Originally Posted by !@#$%!
the weird signs are meant to be a finger emoji pointing upward but this board won't read it


Use the circumflex diacritic or caret character. It's official internet slang.

^ Awesome answer. See? :)

!@#$%! 04.29.2024 06:18 AM

 


it's not even close :D

(especially when mtg is the subject)

_tunic_ 04.29.2024 11:31 AM

Quote:

Originally Posted by !@#$%!

SO, THE BRITISH ELECTION IS ON THURSDAY, HUH? you guys have weird schedules

who will you vote for? what are their chances?

(and btw, how is brexit treating ya? everything coming up roses? )





I'm not British, but afaik there aren't any elections there any time soon. At least no general elections, perhaps something local?
Oh wait, google says it's local elections this Thursday, nevermind. It hasn't been in the news yet where I live. Apparently nobody in mainland Europe gives a shit about the UK after brexit :D

!@#$%! 04.29.2024 02:16 PM

Quote:

Originally Posted by _tunic_
I'm not British, but afaik there aren't any elections there any time soon. At least no general elections, perhaps something local?
Oh wait, google says it's local elections this Thursday, nevermind. It hasn't been in the news yet where I live. Apparently nobody in mainland Europe gives a shit about the UK after brexit :D

lol i hear ya on the post-brexit level of concern

so yeah it's just local but apparently rishi sunak's hide is at stake or something? (or not, not sure really)

it's supposed to be a sea change in favor of the labor party and a loss of various tory constituencies, but since its mostly a domestic matter that gets little international reporting i'm not well informed (but still i'm curious)

i mean it's an early signal of what the results might be in their next general election (which i think it's next year but again, i don't understand their schedules lol)

Toilet & Bowels 05.01.2024 04:21 PM

It's local government elections this week. General election at some point later this year tbc, sunak is holding off from setting a date for it because he's hoping for a miracle to turn the consevatives ratings around but in reality the longer the conservatives hold on to power the more and more loathed they become.

!@#$%! 05.02.2024 11:35 AM

Quote:

Originally Posted by Toilet & Bowels
It's local government elections this week. General election at some point later this year tbc, sunak is holding off from setting a date for it because he's hoping for a miracle to turn the consevatives ratings around but in reality the longer the conservatives hold on to power the more and more loathed they become.

oooh, i'm looking forward to today's results...

!@#$%! 05.03.2024 04:39 PM

labour won big, but nevertheless some protesters cut their noses to spite their faces:

https://www.msn.com/en-us/news/world...es/ar-AA1o5HMd

same thing will happen here in november i'm sure, and i'm ready for what comes

The Soup Nazi 05.08.2024 01:27 AM

This fuckin' broad.

Bertrand 05.08.2024 11:28 AM

Quote:

Originally Posted by _slavo_
My home country is quietly becoming a dictatorship again. I was born in a dictatorship and might die in one too.



There was nothing about Slovakia in the French media, so I had to read a mild wikipedia page regarding the election.

Quote:

Originally Posted by _tunic_
we are heading the right-wing way as well



As for the Netherlands, as it's closer, we got to hear it. With slightly less concern than in the past, when far-right leaders gathered crowds. I was surprised in Rotterdam to end up on a place named after Pim Fortuyn (murdered political leader on the far right; would it still be considered that far now?).
In France too there's concern. There's so much to say and I'm so pissed that it'd be easier to use French. The government steals from the far right leaders, blames everything on the left, and that's about it. Does it work? Partly: everything left-identified is vilified. But the struggle for power between our despised Macron and the 4 leaders on the far right doesn't seem to go in favor of the man in place - whose government lies lies lies lies lies all the time (retirement, annual budget...).
Plus weird things within the media. Heading wealth, heading right.
Not a top notch world these days.

The Soup Nazi 05.10.2024 09:39 PM

Zakaria's latest column:

The presidential election isn’t playing out how I thought it would

Christ on a stick what a downer. Those fucking numbers... Goddammit HOW STUPID CAN YOUR "FELLOW AMERICANS" BE. (Not that my country is exactly brilliant.) The horror...

On the other hand, just imagine if we win. NO MORE DEALING WITH THE ORANGE MOTHERFUCKER. LOO-ZER! Sure he's gonna be around posting bullshit, whatever, fuck him, let Jack Smith fuck him up while we enjoy a nice relaxing cuppa or sum'.

The Soup Nazi 05.12.2024 08:13 PM

Greil Marcus' prediction:

Quote:

The stolen documents trial will be delayed and if not killed with a Trump victory thrown out by the stooge running it. The Georgia case will be sunk because of Fanni Willis compromising it. The DC case will be delayed until after the election. If Trump wins he will kill it. If he loses he will go to trial and he may be sentenced to prison. Which doesn’t mean he will ever go. Which leaves New York. I wouldn’t bet a penny on anything there.

!@#$%! 05.13.2024 08:31 AM

at this point i feel biden is toast. he tacked left, but the left can never be satisfied enough, is disloyal, and in spite of his concessions now has condemned him over gaza. "not pure enough!" (as if the other side was better... the orange turd moved the us embassy to jerusalem, cancelled the nuclear deal with iran, etc )

now on youtube etc im getting very puerile leftist ads about how great it is that biden stopped future lng gas exports... is that supposed to be a good thing? because the environment, greed, something? i thought europe needed the gas after breaking up with russia... but some 12 year old apparently says no. if i can find the video i'll link it

meanwhile here's how germans feel about it https://www.youtube.com/watch?v=8SXy-M32kqg
japan also needs lng btw

on inflation, sinema and manchin, branded as traitors and hounded by the left, were right: excess fiscal stimulus breeds inflation. and so the inflation reduction act has been anything but. i can't imagine what it would have been with the full five trillion

industrial policy carries risks. it might work geopolitically, but there is an inherent economic inefficiency in manipulating markets, inefficiencies have costs, and consumers and businesses eventually pay for them. tariffs and subsidies may achieve certain strategic objectives but raise prices and increase deficits

the american worker is highly employed, but the american consumer keeps seeing high prices, particularly in housing and rental, which is usually the largest consumer expense (maybe from 25% to 70% of household budget depending on where you live and how much you make?). so even with full employment and higher wages coming in, workers are not feeling like they are prospering from the gains. of course in theory high employment and low prices tend to be mutually exclusive, which is why the federal reserve has a hard time finding the right balance, but good luck explaining that complexity to a crowd

here some figures:
https://www.nerdwallet.com/article/f...rent-vs-income
https://www.census.gov/library/stori...e-on-rent.html

now as a result of fed policy the economy and employment are beginning to soften, just slightly, which should drive down prices, but the concern is that we might be heading towards stagflation, whereby the economy stagnates ("stag-") and employment goes down, but in spite of diminished consumption prices keep rising ("-flation"). jay powell laughed at the suggestion by a ft journalist in his press conference after the nfp data release (showing employment had contracted) because this is nothing like the 70s, but laugh or not the current data points at such a trend, if ever so slightly. so this is a real concern for forecasters, regardless of whether the fundamentals support the hypothesis or not

finally, to go back to the ira and fiscal stimulus, the deficit has ballooned to threatening levels, which are actually perfectly manageable at low interests. but the threat is that if interests were to rise (if inflation became a real problem, and interests would have to rise to curb it, or if us treasuries were not purchased by the world), then servicing the debt could quickly become unmanageable. kinda like the difference between a 30 year mortgage locked at 2% (cheap) and a maxed out 29.99% visa card (hell)

for an example of this see japan. japan has other problems (e.g. demographic), but they are between a rock and a hard place with their monetary policy, because if they keep interests low (0-0.1% currently) the yen keeps weakening (investments seek better returns elsewhere), but if they raise interests to make their currency more desirable their debt load will eat them

krugman said once that japan was proof that the deficit doesnt matter, but foreign currency exchanges say otherwise. japan depends on foreign energy and other imports, so a falling yen makes their cost of living higher: not just for consumers but for some businesses who import their inputs. (this even though a weak yen is goods for exports: but it's a matter of balance). so the bank of japan is on a warpath trying to prop up the falling yen right now (good luck with that). does the usa want to be on a similar footing, stuck with no choices? i think not

btw before i am branded a traitor (lmao) i will clarify to partisan ideologues that this is not an argument in favor of the orange turd. it's just a brief look at the current economic situation and why it hurts biden. me personally, i'm doing great, thanks, not really feeling the inflation (i see it but don't feel it, lucky i guess)

but for low income people, while unemployment remains low, rising food costs are hurting them, rental prices are strangling them, and house ownership with undersupply and relatively (but not really) high mortgage rates is further out of reach. so i can sense their discontent

turd wants to increase tariffs (inflationary) and cut taxes (fiscally irresponsible). but biden is also a tariff raiser! except he wants to tax "corporations" (berniespeak) which actually can reduce employment ("the job creators" in palinspeak). so the turd has a more hypnotizing approach about having your cake and eating it too. which is economic bullcaca, but this is america, where the poor think they are just temporarily embarrassed millionaires, not a social class in itself

of course the crowd is not capable of advanced reasoning or analysis, and the best hypnotizer wins, so here we are now, in the throes of populist fever from both sides. and with reason out of the window the best hypnotizer wins, unfortunately

The Soup Nazi 05.15.2024 05:45 PM

Jesus, _slavo_, what the hell is going on over there?!

The Soup Nazi 05.17.2024 05:19 AM

"Bleach blonde bad built butch body"... Not a bad description.

Bertrand 05.17.2024 12:35 PM

Quote:

Originally Posted by The Soup Nazi
Jesus, _slavo_, what the hell is going on over there?!



Yes, this time news reached France, and as often, the media gets interested when turn ugly, not saying why, and shift to something else (usually the ordinary Frenchman heading to the beach for a weekend break)


All times are GMT -5. The time now is 02:51 AM.

Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
All content ©2006 Sonic Youth