[ Posted Tuesday, March 17th, 2020 – 14:54 UTC ]
Conventional wisdom, when it comes to politics, is usually proven wrong. If you don't believe me, go look at anything anyone was saying about the Democratic primaries about a month or two ago. The primary season was going to be endless. It was going to go right down to the wire. A brokered convention was a real possibility, or perhaps even inevitable. There were so many candidates in the field that the vote would be impossibly split. The candidates were all so well-funded that they'd stay in the race for a very long time. Bernie was too strong and would sweep everything. Amy was surging. Pete was surging. The nomination would surely come down to the last primaries in June.
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[ Posted Monday, March 16th, 2020 – 16:15 UTC ]
The administration of President Donald Trump is showing us all, in real time, how not to tackle a widespread medical crisis. Because things are moving so quickly, though, it's tough to tell how much of their woefully inadequate response has been the fault of Donald Trump himself, Trump's scorn for experts of any type who know more things than he does (a category which includes many people, for obvious reasons), or Trump's advisors and aides who have been put in charge of a massive problem but whose main worry seems to be not ever contradicting Trump in public (no matter how wrong Trump gets things). It all adds up to making a bad situation much worse, which is precisely where we find ourselves now. Decisions are made for political reasons, or -- worse -- to avoid making Trump himself look bad in any way. This has shattered the confidence of the stock market, as evidenced by today's record-busting 3,000-point drop. The more time goes by, the more Trump's inadequacies are becoming impossible to ignore, even by his staunchest supporters. Donald Trump, quite obviously, does not have a clue what to do next, is instead out there blatantly lying about the situation on a daily basis, and we're all going to suffer as a direct result. No wonder the market's tanking.
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[ Posted Friday, March 13th, 2020 – 16:54 UTC ]
In a surreal bit of coincidence this week, America saw a simultaneous broadcast of President Trump stumbling and lying his way through a primetime Oval Office address, while on another channel former Republican vice-presidential candidate Sarah Palin danced around in a frilly pink bear costume while rapping "Baby Got Back," which contains the memorable line: "I like big butts and I cannot lie...." Signs of the impending apocalypse? You be the judge. What flashed through our mind was the old quote from Hunter S. Thompson: "When the going gets weird, the weird turn pro." Or, as we might put it (with a fake Sarah Palin accent): "How's that 'stable genius' stuff workin' out for ya now?"
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[ Posted Thursday, March 12th, 2020 – 17:26 UTC ]
Both Joe Biden and Bernie Sanders have taken a page from Michael Bloomberg's campaign playbook, and they really need to continue doing this right up until the election (no matter which one of them becomes the nominee). Because more than anything else, it clearly shows the difference between having a sane adult as president and what we've got now.
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[ Posted Wednesday, March 11th, 2020 – 17:09 UTC ]
The stock market is now officially in bear market territory. Thus endeth the longest bull market in history, which lasted for the 11 years from just after the Great Recession's end until now. For those unfamiliar with the terms, the "bear market" designation is defined as: "losing 20 percent from the market's peak." Less than a month ago, the Dow Jones Industrial Average topped 29,500. Today it closed right around 23,500 -- a loss of roughly 6,000 points. And we may not have hit bottom, although with the current volatility it's tough to tell.
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[ Posted Tuesday, March 10th, 2020 – 15:39 UTC ]
Nobody, it seems, has come up with a name for today's round of primaries that is catchy enough so that everyone starts universally using it. Some call it Mini Tuesday, some call it Super Tuesday II, but no matter what you call it, the time has come once again to toss our darts at the wall in an effort to try to predict the outcome of the six races being run today in the 2020 Democratic primary race.
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[ Posted Monday, March 9th, 2020 – 16:49 UTC ]
Roman Emperor Nero didn't actually fiddle while Rome burned. It's a myth. Violins (or "fiddles") wouldn't exist for another 1,500 years or so, making the very concept impossible. That's not to say Nero might not have blatantly ignored a flaming crisis, of course, it's just quibbling about the literal meaning of the maxim. Now, American Emperor-With-No-Clothes Donald Trump didn't fiddle while the country was hit by a pandemic, either. Instead, he played golf. Twice. That's right -- in the midst of a huge crisis, Trump spent the entire weekend playing golf.
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[ Posted Friday, March 6th, 2020 – 18:09 UTC ]
The stock market is crashing daily, a pandemic is sweeping America, a tornado in Tennessee just killed two dozen people, so of course First Lady Melania Trump decided to reassure the public with a message designed to calm people in these perilous times. The message? Don't worry, everyone -- the construction of the new White House tennis pavilion was still on track. No, seriously -- you just can't make this stuff up. She even donned a hard hat (in order to look fabulous) while making this tone-deaf announcement.
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[ Posted Friday, February 28th, 2020 – 17:55 UTC ]
File this one under: "If I doesn't laugh, I thinks I'm gonna cry!"
President Donald Trump, that noted stable genius, apparently has the answer to the coronavirus. Here's how an article in today's Washington Post began:
Trump administration officials are holding preliminary conversations about economic responses to the coronavirus, as the stock market fell sharply again on Friday amid international fears about the outbreak, according to five people with knowledge of the planning.
Among the options being considered are pursuing a targeted tax cut package, these people said.
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[ Posted Wednesday, February 26th, 2020 – 18:15 UTC ]
Donald Trump is known to be a germophobe, but his fear of COVID-19 has nothing to do with any personal fear of actually contracting the virus. No, he's scared for a bigger reason -- because he knows that if the virus causes a sickness in the American economy writ large, then this will undercut his biggest campaign theme heading into the 2020 election. He's made this argument many times, essentially telling voters that they may not like him personally or appreciate his tweets, but the economy is so darn good that they have to vote for him so he can continue the good times.
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