After plunging 831 points yesterday….. UPDATE: 3:40 pm — Rebounded a bit. Now down only 318 or so. Update #2: Dow closed down 545 points. That’s over 1400 down in two days. ¯\_(ツ)_/¯ pic.twitter.com/1jvxKGSqcb— JΞSŦΞR ✪ ΔCŦUΔL³³º¹ (@th3j35t3r) October 12, 2018
Crash, Boom
As a hurricane hits, this happens: Markets will close in 15 minutes after a daylong Wall Street bloodbath. pic.twitter.com/HyDhGQIjj1— Jim Roberts (@nycjim) October 10, 2018 Why? It’s the same story that has plagued markets for days now. Once-highflying tech has led markets lower as yields rise, with the 10-year Treasury note’s yield reaching its highest point in more than a decade … Read More
Deficit Doves
Remember when Republicans cared about the deficit? No longer: The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and … Read More
Trump, After Killing NAFTA, Strikes “Understanding” With Mexico If He Can Get Them On The Phone
What a disaster this President is .@FoxNews begins coverage of U.S.-Mexico Trade Agreement #USMTATRUMP: I believe the President is on the phone. Enrique? (uncomfortable 10-sec pause) Err, you can hook him up, please. STAFF: Coming! TRUMP: You wanna, uh, put that on this phone, please? Hello?🤦♀️ pic.twitter.com/carlPz1HMj— Bad Fox Graphics (@BadFoxGraphics) August 27, 2018 "Enrique?" pic.twitter.com/nH205gPOZs— Timothy Burke (@bubbaprog) August … Read More
Trump Tweets Over 30 Times From Friday To Monday, But One Tweet Gets Him Into Big Legal Trouble
No, that’s not the one. I mean, yes it is clearly racist, but that won’t plunge Trump into legal trouble. Besides, Keith Boykin had the perfect response: In Trump's World:Obama: KenyanLeBron James: dumbDon Lemon: dumbMaxine Waters: low IQblack countries: shitholesblack athletes: SOBsBlack tenants: unwelcomeBlack workers: lazyCentral Park 5: guiltyMexicans: rapistsMuslims: terroristsIndians: fakeNazis: very fine people— Keith Boykin (@keithboykin) August 4, … Read More
Chamber of Commerce Declares War On Trump Tariffs
Now that they have their tax cut safely in hand, the business community has apparently gotten fed up with Donald Trump. The US Chamber of Commerce, which has basically become the NRA of the business community over the past couple of decades under its firebrand conservative leader, Tom Donohue, has now declared war. “The administration’s new tariffs threaten to spark … Read More
Trump Pissed At Harley-Davidson
Harley-Davidson should stay 100% in America, with the people that got you your success. I’ve done so much for you, and then this. Other companies are coming back where they belong! We won’t forget, and neither will your customers or your now very HAPPY competitors! — Donald J. Trump (@realDonaldTrump) June 27, 2018 “I’ve done so much for you”? He … Read More
In Other News, More Evidence Of Money Laundering Shows Up
McClatchy News has the goods: Aleksandr Burman, a Ukrainian who engaged in a health care scheme that cost the federal government $26 million and was sentenced to a decade in prison, paid $725,000 cash for a condo at a Trump Tower I in Sunny Isles Beach, Fla. in 2009. Leonid Zeldovich, who has reportedly done extensive business in the Russian-annexed area … Read More
Trump To Head To Hostile G7 Summit
I am heading for Canada and the G-7 for talks that will mostly center on the long time unfair trade practiced against the United States. From there I go to Singapore and talks with North Korea on Denuclearization. Won’t be talking about the Russian Witch Hunt Hoax for a while! — Donald J. Trump (@realDonaldTrump) June 8, 2018 Looking forward … Read More
Trump Starts Trade War With Allies
Even the Koch brothers hate this. The Trump administration announced today that it would impose hefty metal tariffs on the European Union, Canada and Mexico starting Friday, immediately provoking fears of an international trade war that sent stocks tumbling. The measure has already been met with vows of retaliation against American businesses and now threatens the future of the North American Free Trade Agreement (NAFTA). The action, which was … Read More
The Horrible Things The Trump Administration Is Doing That Are Unrelated To Scandals
Sometimes, you forget that these people are just plain evil: The Trump administration is moving to reverse Obama-era rules barring hunters on some public lands in Alaska from baiting brown bears with bacon and doughnuts and using spotlights to shoot mother black bears and cubs hibernating in their dens. The National Park Service issued a notice Monday of its intent … Read More
Gas Prices Rise to Levels Not Seen In More Than 3 Years
Remember that $50 bucks or whatever you got in a huge tax refund? It’s gone. You’re going to spend three or four times that amount in increased gas prices, thanks to Trump: You may have noticed, gas prices are on the rise and hitting levels not seen in more than three years. Gas prices nationwide are up a nickel in … Read More
Mulvaney, The Head Of The Consumer Finance Protection Bureau, Is The Wolf Guarding The Henhouse
The man is very Trumpian in his dealings: Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executives on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign. “We had a hierarchy in my office … Read More
Dow Down 600 Points
Weird that Trump doesn’t brag about his own stock market the way he bragged about Obama’s. UPDATE: Some rebound in the pm, but closed 425 points down.
Introducing The Navigator
Why do progressives lose when we should win more often? Some say it is because of the way we frame the issues when talking about them. For example, Trump supporters point to the stock market and say the economy is doing great. What is the progressive response that resonates better with voters? (a) The economy might be better in the … Read More