Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Thursday, January 2, 2025

The 2025 Wyoming Legislative Session, Part 3. Still time to find a place to hide edition.


The last edition was simply too unwieldy.

December 24, 2024

A bill has been filed to allow for enhanced concealed carry permits, requiring training to obtain, that would allow for concealed carry on school grounds and the grounds of the University of Wyoming.\

New Natrona County legislator  Jayme Lien is trying to get Jeanette Ward's "What is a Woman" act through this session.

December 26, 2024

Rep Harshman is introducing a bill to require a special election for vacancies in any significant elective offices, including Governor and Senator.

January 2, 2025
Example of old fashioned Five and Dime store.

The Wyoming Freedom Caucus puts its cards on the table in the form of its "five and dime" plan for the 2025 legislature.  The incoming Speaker of the House, a member, even went on Trump propaganda forum Newsmax, to tout it.

It's agenda for the 2025 legislature is below:

ELECTION INTEGRITY: Require Proof of WY Residency & US Citizenship When Registering to Vote

- WHAT: Create clear statutory authority for the Wyoming Secretary of State to promulgate rules requiring voters to prove WY residency and to ensure that non-citizens cannot register to vote in WY.

- WHY: No requirement exists for voters to prove their WY residency or US citizenship status. This simple fix will better secure our elections and bolster confidence in our election system.

Not too surprisingly, this is sort of horseshit.  You have to verify your address, already, every time you vote. We've been doing it for years.  Now we have to present a photo ID as well.

Oh, I'll do it.  I'll present piles of stuff showing that I'm an actual Wyomingite and didn't move in from somewhere.  Quite a few of the Freedom Caucus, if asked to do that, would be shown to be people who moved in here.

IMMIGRATION ACCOUNTABILITY: Invalidate Driver Licenses Issued to Illegals by Other Jurisdictions

- WHAT: Invalidate driver licenses issued to illegal aliens present in WY.

- WHY: An estimated 9 million + illegal aliens have entered the US since 2021. Nineteen states and D.C. issue licenses to illegal immigrants– Wyoming does not. This simple bill will help WY crack down on illegal immigration and to ensure consistency in our statutes and rules.

Bill previously written (SF0120, 2024)

Wyoming has no legal authority to invalidate another state's driver's licenses, and the full faith and credit clause of the U.S. Constitution makes that illegal. 

People who have taken an oath to the Constitution, by the way, like legislators, can't back this without violating their oath.

STOPPING THE WOKE AGENDA AT UW: Prohibiting D.E.I. in Higher Education

- WHAT: Prohibit the University of WY and Wyoming’s Community Colleges from engaging in discriminatory hiring or continuing education requirements that place moral, historical, or other blame on a person or group of people on the basis of immutable characteristics.

- WHY: It is illegal to discriminate on the basis of any immutable characteristic. As the Equality State, WY should be proud to codify additional protections against discrimination. With continually declining enrollment rates at UW, dumping “woke” DEI programming will attract the free thinking cowboys and cowgirls we want attending our university.

There isn't a "woke" agenda at UW.

PROTECTING OUR CORE INDUSTRIES: Ban woke investment strategies for the State of Wyoming’s trust fund.

- WHAT:: Prohibit the State of Wyoming from investing in funds that prioritize “environmental, social, or governance” standards over funds promising the highest financial rate of return.

- WHY: Wyoming should not invest tax dollars with entities who do not seek the highest rate of return and who are out to destroy and eliminate our core industries.

Bill previously written (SF0172, 2023)

Investing in the "highest rate of return" means you will invest in things that aren't necessary in line with our core industries, some of which are a bad economic bet right now.

CUTTING TAXES: Real Property Tax Relief

- WHAT: Provide a 25% property tax cut to residential property owners with a backfill to local governments.

- WHY: The people of WY have been crushed by years of skyrocketing property taxes.

Bill previously written (SF0054, 2024)

Populism in Wyoming is heavily populated by out of staters who moved in here, causing property taxes to rise.  Now they're going to cut what they caused, with no way to pay for anything. 

A better strategy would be to impose a tax on the value of the last house you sold, no matter where you sold it, and leave the current property taxes alone.

Last edition:

The 2025 Wyoming Legislative Session, Part 2. Early bills

Wednesday, January 1, 2025

Subsidiarity Economics 2025. The Times more or less locally, Part 1.

The word "beer" in Saxon, as it appears in Beowulf.

January 1, 2025

Wyoming wise, brewing seems to be the most distributist business going.

Cygnet Brewing Company opened in downtown Casper last night, joining Skull Tree, Oil City Brewing, Gruner Brothers, Frontier Brewing, Mountain Hops, Stahoos, and Bull Horn as Casper breweries, and larger Wyoming regional brewery Black Tooth.

Rent shaming is breaking out in various parts of the country to attack absurdly high rents.

Last edition:

Subsidiarity Economics 2024. The Times more or less locally, Part 4. A return to Pre Covid status

Tuesday, December 31, 2024

Tuesday, December 31, 1974. Americans get to own gold again.

Depression era restrictions on the private ownership of gold in the US were removed.

The prohibition, as well as government price setting of Gold, had come into effect in 1933.

South African Kugerrands and Canadian gold coins immediately became very popular as a hedge against inflation.

France ended its state monopoly on television.

Catfish Hunter signed with the Yankees, becoming baseball's highest paid player at that point.


Last edition:

Monday, December 16, 1974. Safe Drinking Water.

Friday, December 27, 2024

USDA Forecasts Higher Retail Egg Prices for 2025

 What the crud?

USDA Daily Radio Newsline

December 27 Stories

USDA Forecasts Higher Retail Egg Prices for 2025

Census of Aquaculture Reveals Top Selling Seafood Types

Top Ten Weather Stories of 2024 – Southern Plains Wildfires

Top Ten Weather Stories of 2024 –Western Wildfires

Actuality: Notable Western Wildfire Season

Higher egg prices?  Donald promised to lower prices.  That simply can't be true.  Prices must go down.

Trump and the poor

  

After backing Trump, low-income voters hope he doesn’t slash their benefits

Voters in the struggling Pennsylvania city of New Castle backed Trump hoping he’d curb inflation. But the incoming president will be under pressure to cut spending.


This is a link to a current article in the Washington Post.  It has, of course, a paywall.  You can find it discussed, however, on Twitter.


One of the things that has baffled me about Trump's support to some degree is that people have supported him who are very likely to get a massive dope slap over the next four years.   It's clearly baffled the Democrats as well as they fairly clearly assumed that the economic underclass and those on benefits would support them, given traditional Republican hostility to their interests.


But it does make sense.


The same class discussed here is the one that was badly hurt by the exportation of jobs overseas and, frankly, high immigration rates.  They have something to lose, to be sure, but more than anyone else, they hope for a return of a sort of imagined past.  They can look back when they, or maybe their parents or grandparents, had good high paying jobs that didn't require any real education.


Both parties conspired against their interest.  Allowing high immigration rates and basically encouraging manufacturing to move overseas could have been avoided.  This class, together with the Rust Belt middle class, started signaling that it was enraged well over a decade ago and they threw their support behind, first, Bernie Sanders and then Donald Trump.


But will a government of the super wealthy really care about the plight of these people?


I don't really think that Trump thinks much beyond Trump.  He cannot in any fashion be figured to be what Brands called Franklin Roosevelt, "a traitor to his class".   Trump has frankly viewed some members of this demographic,  namely those who serve in the military, as low class dupes.  


So we now have a real test.  Franklin Roosevelt, love him or hate him, like his cousin Theodore Roosevelt, proved to be massively loyal to the American middle and poor.  Other 20th Century figures who mobilized populists proved to not be at all.  What about Trump?


I'm not optimistic.  Trump can't "lower" prices, save by accident if he causes a Depression.  Populists in Congress are both hostile to spending and hostile to taxes, even though Americans are far from overtaxed by first world standards (and don't have the standard of living of other first world nations either).  "Tea Party" types served up the Kool aide for populists that cutting spending and taxation would serve the interest of the average when it most likely stands just to make hit obscenely wealthy, like Elon Must, wealthier.


On the other hand, a thick massive dose of reality won't hurt certain classes.  There are large demographics that basically have come to live on benefits while simultaneously complaining about the government.  And an argument that some benefits were better coming from the private sector, which has an expectation of conduct, vs the government, which doesn't, can certainly be made.  The "reduced and free lunch" programs locally are an example which I've cited before, which went from helping the poor with, essentially, property tax revenues, to some sort of right.


Well, it's going to be interesting.



Saturday, December 21, 2024

Subsidiarity Economics 2024. The Times more or less locally, Part 4. A return to Pre Covid status


US incomes have returned to their 2019 level, adjusted for inflation.

The adjusted rate of inflation was 2.9%.

While people will continue to complain, this is pretty close to being back to the economic status of 2019.

Oil dropped yesterday to $69/bbl.

September 25, 2024

Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


Delta To Pull Out Of Casper Airport, Last Flight Is Dec. 3


November 17, 2024

Boeing is commencing layoffs.

November 26, 2024

In a monumentally bad idea, President-elect Donald Trump said Monday he will issue executive orders imposing new tariffs on all imported goods from China, Mexico and Canada. with the rates being 25 percent tariffs would be imposed on Mexican and Canadian merchandise and 10 percent on Chinese goods.  This was tied, oddly, to his immigration goals.

December 2, 2024

President Elect Trump threatened 100% tariffs against Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. 
Turkey, Azerbaijan and Malaysia if they act to block the US Dollar ast he global reserve currency.

December 3, 2024

From a Fox News broadcast:
We are told that when Trudeau told President-elect Trump that new tariffs would kill the Canadian economy, Trump joked to him that if Canada can't survive without ripping off the U.S. the tune of one hundred billion dollars a year, then maybe Canada should become the 51st state and Trudeau could become its governor.

Apparently this was said by Trump in jest by our boorish embarrassment of a President Elect. 

December 11, 2024

$24B merger between grocery giants Kroger, Albertsons blocked by federal judge


Continuous arabica coffee futures on the ICE rose 4.1% to $3.44 a pound beating a record set in 1977 even before it is adjusted for inflation.

December 12, 2024

An Ontario message to Donald Trump from Ontario Premier Doug Ford.
We need to be ready to fight [on] January the 20th. We will go to the extent of cutting off their energy, going down to Michigan, going down to New York State and over to Wisconsin. I don't want this to happen, but my number one job is to protect Ontario, Ontarians and Canadians as a whole since we're the largest province. Let's see what happens as we move forward. But we'll use every tool in our toolbox, including cutting them off energy that we're sending down there.
Frankly, a lot of New York will freeze in the dark without Canadian hydroelectric.

On groceries, the item that a lot of Trump voters naively believed Trump could make the price of "go down":
It's hard to bring things down once they're up. You know, it's very hard.

Donald Trump.

D'uh. 

There was no earthly way that Trump was ever going to be able to get the price of groceries to go down and a person would have had to have been bereft of economic knowledge to have believed that.  Unfortunately, a lot of Americans are in fact bereft of economic knowledge.  As we've noted here before, that would require deflation, and deflation if prolonged, causes a Depression.

Trump back on November 4, 2024: “A vote for Trump means your groceries will be cheaper.”

Nope, they won't be.

So, now that he's been elected, this promise joins the one to end the war in Ukraine 24 hours after he's elected.  I.e., it'll be broken.

December 13, 2024

Pope Francis.
Forgive us our trespasses: grant us your peace

I. Listening to the plea of an endangered humanity

1. At the dawn of this New Year given to us by our heavenly Father, a year of Jubilee in the spirit of hope, I offer heartfelt good wishes of peace to every man and woman. I think especially of those who feel downtrodden, burdened by their past mistakes, oppressed by the judgment of others and incapable of perceiving even a glimmer of hope for their own lives. Upon everyone I invoke hope and peace, for this is a Year of Grace born of the Heart of the Redeemer!

2. Throughout this year, the Catholic Church celebrates the Jubilee, an event that fills hearts with hope. The “jubilee” recalls an ancient Jewish practice, when, every forty-ninth year, the sound of a ram’s horn (in Hebrew, jobel) would proclaim a year of forgiveness and freedom for the entire people (cf. Lev 25:10). This solemn proclamation was meant to echo throughout the land (cf. Lev 25:9) and to restore God’s justice in every aspect of life: in the use of the land, in the possession of goods and in relationships with others, above all the poor and the dispossessed. The blowing of the horn reminded the entire people, rich and poor alike, that no one comes into this world doomed to oppression: all of us are brothers and sisters, sons and daughters of the same Father, born to live in freedom, in accordance with the Lord’s will (cf. Lev 25:17, 25, 43, 46, 55).

3. In our day too, the Jubilee is an event that inspires us to seek to establish the liberating justice of God in our world. In place of the ram’s horn, at the start of this Year of Grace we wish to hear the “desperate plea for help” [1] that, like the cry of the blood of Abel (cf. Gen 4:10), rises up from so many parts of our world – a plea that God never fails to hear. We for our part feel bound to cry out and denounce the many situations in which the earth is exploited and our neighbours oppressed. [2] These injustices can appear at times in the form of what Saint John Paul II called “structures of sin”, [3] that arise not only from injustice on the part of some but are also consolidated and maintained by a network of complicity.

4. Each of us must feel in some way responsible for the devastation to which the earth, our common home, has been subjected, beginning with those actions that, albeit only indirectly, fuel the conflicts that presently plague our human family. Systemic challenges, distinct yet interconnected, are thus created and together cause havoc in our world. [4] I think, in particular, of all manner of disparities, the inhuman treatment meted out to migrants, environmental decay, the confusion willfully created by disinformation, the refusal to engage in any form of dialogue and the immense resources spent on the industry of war. All these, taken together, represent a threat to the existence of humanity as a whole. At the beginning of this year, then, we desire to heed the plea of suffering humankind in order to feel called, together and as individuals, to break the bonds of injustice and to proclaim God’s justice. Sporadic acts of philanthropy are not enough. Cultural and structural changes are necessary, so that enduring change may come about. [5]

II. A cultural change: all of us are debtors

5. The celebration of the Jubilee spurs us to make a number of changes in order to confront the present state of injustice and inequality by reminding ourselves that the goods of the earth are meant not for a privileged few, but for everyone. [6] We do well to recall the words of Saint Basil of Caesarea: “Tell me, what things belong to you? Where did you find them to make them part of your life? … Did you not come forth naked from the womb of your mother? Will you not return naked to the ground? Where did your property come from? If you say that it comes to you naturally by luck, you would deny God by not recognizing the Creator and being grateful to the Giver”. [7] Without gratitude, we are unable to recognize God’s gifts. Yet in his infinite mercy the Lord does not abandon sinful humanity, but instead reaffirms his gift of life by the saving forgiveness offered to all through Jesus Christ. That is why, in teaching us the “Our Father”, Jesus told us to pray: “Forgive us our trespasses” ( Mt 6:12).

6. Once we lose sight of our relationship to the Father, we begin to cherish the illusion that our relationships with others can be governed by a logic of exploitation and oppression, where might makes right. [8] Like the elites at the time of Jesus, who profited from the suffering of the poor, so today, in our interconnected global village, [9] the international system, unless it is inspired by a spirit of solidarity and interdependence, gives rise to injustices, aggravated by corruption, which leave the poorer countries trapped. A mentality that exploits the indebted can serve as a shorthand description of the present “debt crisis” that weighs upon a number of countries, above all in the global South.

7. I have repeatedly stated that foreign debt has become a means of control whereby certain governments and private financial institutions of the richer countries unscrupulously and indiscriminately exploit the human and natural resources of poorer countries, simply to satisfy the demands of their own markets. [10] In addition, different peoples, already burdened by international debt, find themselves also forced to bear the burden of the “ecological debt” incurred by the more developed countries. [11] Foreign debt and ecological debt are two sides of the same coin, namely the mindset of exploitation that has culminated in the debt crisis. [12] In the spirit of this Jubilee Year, I urge the international community to work towards forgiving foreign debt in recognition of the ecological debt existing between the North and the South of this world. This is an appeal for solidarity, but above all for justice. [13]

8. The cultural and structural change needed to surmount this crisis will come about when we finally recognize that we are all sons and daughters of the one Father, that we are all in his debt but also that we need one another, in a spirit of shared and diversified responsibility. We will be able to “rediscover once for all that we need one another” and are indebted one to another. [14]

III. A journey of hope: three proposals

9. If we take to heart these much-needed changes, the Jubilee Year of Grace can serve to set each of us on a renewed journey of hope, born of the experience of God’s unlimited mercy. [15]

God owes nothing to anyone, yet he constantly bestows his grace and mercy upon all. As Isaac of Nineveh, a seventh-century Father of the Eastern Church, put it in one of his prayers: “Your love, Lord, is greater than my trespasses. The waves of the sea are nothing with respect to the multitude of my sins, but placed on a scale and weighed against your love, they vanish like a speck of dust”. [16] God does not weigh up the evils we commit; rather, he is immensely “rich in mercy, for the great love with which he loved us” ( Eph 2:4). Yet he also hears the plea of the poor and the cry of the earth. We would do well simply to stop for a moment, at the beginning of this year, to think of the mercy with which he constantly forgives our sins and forgives our every debt, so that our hearts may overflow with hope and peace.

10. In teaching us to pray the “Our Father”, Jesus begins by asking the Father to forgive our trespasses, but passes immediately to the challenging words: “as we forgive those who trespass against us” (cf. Mt 6:12). In order to forgive others their trespasses and to offer them hope, we need for our own lives to be filled with that same hope, the fruit of our experience of God’s mercy. Hope overflows in generosity; it is free of calculation, makes no hidden demands, is unconcerned with gain, but aims at one thing alone: to raise up those who have fallen, to heal hearts that are broken and to set us free from every kind of bondage.

11. Consequently, at the beginning of this Year of Grace, I would like to offer three proposals capable of restoring dignity to the lives of entire peoples and enabling them to set them out anew on the journey of hope. In this way, the debt crisis can be overcome and all of us can once more realize that we are debtors whose debts have been forgiven.

First, I renew the appeal launched by Saint John Paul II on the occasion of the Great Jubilee of the Year 2000 to consider “reducing substantially, if not cancelling outright, the international debt which seriously threatens the future of many nations”. [17] In recognition of their ecological debt, the more prosperous countries ought to feel called to do everything possible to forgive the debts of those countries that are in no condition to repay the amount they owe. Naturally, lest this prove merely an isolated act of charity that simply reboots the vicious cycle of financing and indebtedness, a new financial framework must be devised, leading to the creation of a global financial Charter based on solidarity and harmony between peoples.

I also ask for a firm commitment to respect for the dignity of human life from conception to natural death, so that each person can cherish his or her own life and all may look with hope to a future of prosperity and happiness for themselves and for their children. Without hope for the future, it becomes hard for the young to look forward to bringing new lives into the world. Here I would like once more to propose a concrete gesture that can help foster the culture of life, namely the elimination of the death penalty in all nations. This penalty not only compromises the inviolability of life but eliminates every human hope of forgiveness and rehabilitation. [18]

In addition, following in the footsteps of Saint Paul VI and Benedict XVI, [19] I do not hesitate to make yet another appeal, for the sake of future generations. In this time marked by wars, let us use at least a fixed percentage of the money earmarked for armaments to establish a global Fund to eradicate hunger and facilitate in the poorer countries educational activities aimed at promoting sustainable development and combating climate change. [20] We need to work at eliminating every pretext that encourages young people to regard their future as hopeless or dominated by the thirst to avenge the blood of their dear ones. The future is a gift meant to enable us to go beyond past failures and to pave new paths of peace.

IV. The goal of peace

12. Those who take up these proposals and set out on the journey of hope will surely glimpse the dawn of the greatly desired goal of peace. The Psalmist promises us that “steadfast love and faithfulness will meet; righteousness and peace will kiss” ( Ps 85:10). When I divest myself of the weapon of credit and restore the path of hope to one of my brothers or sisters, I contribute to the restoration of God’s justice on this earth and, with that person, I advance towards the goal of peace. As Saint John XXIII observed, true peace can be born only from a heart “disarmed” of anxiety and the fear of war. [21]

13. May 2025 be a year in which peace flourishes! A true and lasting peace that goes beyond quibbling over the details of agreements and human compromises. [22] May we seek the true peace that is granted by God to hearts disarmed: hearts not set on calculating what is mine and what is yours; hearts that turn selfishness into readiness to reach out to others; hearts that see themselves as indebted to God and thus prepared to forgive the debts that oppress others; hearts that replace anxiety about the future with the hope that every individual can be a resource for the building of a better world.

14. Disarming hearts is a job for everyone, great and small, rich and poor alike. At times, something quite simple will do, such as “a smile, a small gesture of friendship, a kind look, a ready ear, a good deed”. [23] With such gestures, we progress towards the goal of peace. We will arrive all the more quickly if, in the course of journeying alongside our brothers and sisters, we discover that we have changed from the time we first set out. Peace does not only come with the end of wars but with the dawn of a new world, a world in which we realize that we are different, closer and more fraternal than we ever thought possible.

15. Lord, grant us your peace! This is my prayer to God as I now offer my cordial good wishes for the New Year to the Heads of State and Government, to the leaders of International Organizations, to the leaders of the various religions and to every person of good will.

Forgive us our trespasses, Lord,

as we forgive those who trespass against us.

In this cycle of forgiveness, grant us your peace,

the peace that you alone can give

to those who let themselves be disarmed in heart,

to those who choose in hope to forgive the debts of their brothers and sisters,

to those who are unafraid to confess their debt to you,

and to those who do not close their ears to the cry of the poor.

From the Vatican, 8 December 2024
December 17, 2024

Canada's Finance Minister resigned.

This of course gave the chance for our bratty twelve year old president elect to make another one of his snotty tweets.
The Great State of Canada is stunned as the Finance Minister resigns, or was fired, from her position by Governor Justin Trudeau. Her behavior was totally toxic, and not at all conducive to making deals which are good for the very unhappy citizens of Canada. She will not be missed!!!
Where this conduct comes from, and why its tolerated is another question.

December 18, 2024

Elon Musk is campaigning against the bill that would provide stop gap funding until the next Congress convenes.


December 19, 2024

The Fed is cutting interests rates.

December 20, 2024

After tanking one continuing budget resolution, following his super wealthy "DOGE" appointees, Trump supported a second, which tanked last night.

And here we enter interesting territory.  In spite of widespread public belief to the contrary, Trump was set to inherit a strong economy.  Now he's tanking it.


December 21, 2024

A CR passed but House Republicans defied a Trump request to raise the debt ceiling.

Why would Trump want to raise the debt ceiling if he intends to be true to the spirit of his campaign?

And now Trump is threatening the EU with tariffs if they don't up oil and gas imports, which are already at capacity.

Related threads:

September 10, 2024. Pearls Before Swine.

Last edition:

Subsidiarity Economics 2024. The times more or less locally, Part 3. The Decarbonizing the West and Electronic eartags Edition.

Monday, December 16, 2024

Hoarding bananas.


This isn't really correct.

Frankly, the other monkeys would take the hoarded bananas, and if the hoarding monkey resisted it, they'd probably beat the crap out of him.

I am, I'd note, not advocating that, but what I will note is that there's something deeply wrong with this behavior not being addressed.

And it can be, through taxes. What ever it is that compels people like Must to engage in what is essentially hording of resource, money, and in his case women, will continue to operate on him if he's heavily taxed.

And if allowed to go unaddressed, at some point, one we've passed, he become a burden on everyone.

Wednesday, November 27, 2024

Getting the Economic Dope Slap

The law of unintended consequences is a frightful thing.



It's possible, with things lining up the way they are, that Wyoming populists are about to get the biggest economic dope slap in the state's history.

Of course, the rest of us will get it too.

Wyomingites drank the populist kool aid and went back for more bucket sized additional helpings.  Shoot, the average Wyoming voter was practically drunk on the stuff, having started imbibing about a decade ago.  In going for Trump, they were voting for a return to an imaginary 1950s, sort of, combined with an imaginary 1930s, combined with an imaginary 1960s.  Full employment for all "real" Americans, none of these Spanish speaking brown folks, a uniting of our economic extractive needs with a concept of science as we want it, not as it is, and the sexual morays of the mid 1970s, really.



Wyomingites don't really want to go back to the past as it really was, particularly on some of the things the way I feel they should be.  Divorce isn't going to be hard to get, for example, and there's not going to be a criminal penalty for screwing around.    No hyperinflation either, and no economic depressions.

Well. . . 

The past so many envision, and there's some truth to the depictions,  and what we imagine we want again, except with tattoos and only the laws we actually like and think we remember.

Donald Trump, fresh from his political recovery thanks to a Democratic Party that couldn't get a clue and the rise of malevolent populism is threatening to throw a 25% tariff on goods imported from Canada and Mexico and a 10% one on goods imported from China.  Apparently we can p.o. the Chinese, but not as much as we can Mexico and Canada, safely.

Or maybe not p.o. the Chinese at all. During the campaign Trump talked about 60% tariffs on China.  10% on China combined with 25% on Mexico and Canada actually conveys a trading advantage on  China, while raising the costs of prices at home.

The United States is the largest goods importer of goods in the world.  China was the top supplier of goods imported into the United States, followed by Mexico ($454.8 billion), Canada ($436.6 billion), Japan ($148.1 billion), and Germany ($146.6 billion).

The United States is the world's second largest goods exporter in the world, behind only China.  Canada is the largest purchaser of U.S. goods, around 17%.

That's probably about to change.

What do we import?  Well, darned nearly everything, even food from Mexico.

What do we expert, darned near everything, including even petroleum.

We're going to be paying more for everything, and we're going to be exporting less of everything, as we get hit with retaliatory tariffs.

And that's assuming our neighbors are nice.  They might not be.  If I was the P.M. of Canada, I'd tell Americans living in Canada to pack up and go home.  A lot of them are up there on business.  And I'd end cooperation with the US on defense.

And oil?  Well, the Saudis are seriously threatening to drop the price per barrel to $49.00, which would wipe out most U.S. production.  Again, if I were the Canadians, and the Mexicans, both of which produce a lot of oil, I'd join them.  They probably won't, but that's what I'd do.

So, Wyoming populists, even without retaliation, you are going to pay more for absolutely everything. We all are.

And a lot fewer of you are going to have jobs. Same for us all.

Well, at least you can be happy about deportation. . . and a lot of you will, at long last, be deporting yourselves to your own states.  You'll have to. There won't be any work here.

Friday, November 8, 2024

2024 Election Post Mortem, Part I. What the heck happened?


And so the finger pointing, blaming, and name calling has begun.

The 2024 Presidential Election was supposed to be close.

It wasn't.  And that means something.  How did the nation elect a convicted felon who hung out with a procurer and who is a creepy serial polygamist, who also is likely sliding into dementia, as President of the United States?

Well, there are a lot of views out there.  We offer ours, including some things we noted early on.

1.  It turns out that we were correct that Biden shouldn't have run in the first place, and that Harris shouldn't have stepped into the breach.

Biden was supposed to be a caretaker President.  "Go with the Joe you know" only made sense as long as it was just one cup of coffee.  People didn't want a refill. Biden was supposed to carry on for four years while the nation got back on its feet from a traumatic Trump presidency and figured out where to go next.

Biden's diehard insistence on running again doomed that, and in some ways, the Democrats chances in 2024.

Biden, in his defense, was dealt a bad hand right from the onset.  Left with an economy impacted by COVID, he had to deal with it, and he did a good job.  The inflation that caused was not of his making, and he actually pulled off a soft landing.  In the future, he's likely to be regarded as having pulled an economic rabbit out the hat.

And his rallying to the cause of Ukraine is singularly responsible for the country not being overrun by the Russians.

But people are stupid about economics, and stupidly believe that once inflation slows, prices return to the pre inflation norm, which actually required deflation, which generally causes a depression.  That tar baby is now Trump's, as Trump won't be able to pull that off either.

More than that, however, Biden's advanced age was showing, whereas its seemingly not as noticeable with Trump.  It was real hubris of Biden to run for a second term, and he shouldn't have done it.  That set the Democrats behind.

When he finally stepped out, I noted that the time that Harris shouldn't step in.  She did.  She actually also ran a much better campaign than I initially thought she would.  Frankly, I don't know that I can blame her for running, or blame the Democrats for running her.  She proved to be too easy to tag with the issues that had hurt Biden, however, which did not make up the reasons that I thought she should not have run.

2.  It's actually the social issues, stupid.

El Paso Sheriff : What's it mean? What's it leadin' to? You know, if you'd have told me 20 years ago, that I'd see children walking the streets of our Texas towns with green hair and bones in their noses, I just flat-out wouldn't have believed you.

Ed Tom Bell : Signs and wonders. But I think once you quit hearing "sir" and "ma'am," the rest is soon to foller.

El Paso Sheriff : Oh, it's the tide. It's the dismal tide.

No Country For Old Men. 

We warned prior to 2016 that Justice Kennedy's opinion in Obergefell had awakened a latent sleeping giant.  It did.

People keep analyzing the race in terms of the economy, which I myself partially did above.  But the big issue, to put it bluntly, is that Obergefell shocked many people into confronting the moral decline of the nation, something that had been going on for a very long time.

Sexual immorality in the US really commenced its roll in the late 1940s, as we've discussed before, and started to accelerate in 1953 with the launch of Playboy, and then really took off in the 1960s with the pill and the Sexual Revolution.  The irony of all of this, however, is the public tolerated it, although not always very comfortably, as it fit into conventional immorality.  That is, the White Anglo Saxon Protestant community basically tolerated a boys will be boys attitude at first, and then accommodated itself to other trends later, as long as things roughly worked out the way they were supposed to in the end, although they have not been working out for quite some time.  Once Obergefell came along, however, the public was asked to accommodate something else, and it hasn't, and for a host of reasons.  Transgenderism, which really doesn't exist, came hard on the heels of homosexual marriage, and it was just too much for large sections of the country.

At one time, it might be noted, it was a common assertion that the Babylon Berlin atmosphere of 1920's Germany had brought about the Nazis, in part, as they seemed to stand against unconventional immorality.  In truth, homosexuality was present in the early Nazis, but the movement did a good job of plastering over it so it was ignored, if known, just like Trump's flagrant immoral conduct with women is at least somewhat known, if ignored.  It allowed people to believe that that the Nazis would foster a return to pre 1914 moral standards, while ignoring that they would inflict new horrors.*  A lot of that has gone on in the populist movement as well, which sort of imagines that the country will sort of return to an imagined 1950s, or an imagined 1970s.

The Democrats didn't even try to do anything about this, but rather embraced the matters that the Trump populists and their fellow travellers opposed.  That's a big part of what occured.  Americans proved to be willing to go pretty far with changes in Christian morality before they started regretting it, which they did, but to be kicked into a new room with a bunch of very unconventional behaviors was more than they could bear.  It not only spawned a massive counterreaction, but it spawned radical new theories about the nature of what was going on, much of them false, and sort of a modified variant of a Great Awakening, that we haven't seen the end of yet.**  This reaction, moreover, wasn't limited to the US, but has been scene all over the Western World, caused by similar events.

You have to know the times you live in.

3. What we repeatedly said about abortion being a hill to die on was correct.

Hell Courtesan by Kawanabe Kyōsai.

Part of the solid evidence of the Democrats being marooned in a post Vietnam War liberal past is the absolute adherence to swimming in a sea of blood.

I warned earlier that grasping tight to abortion was a critical mistake for Democrats, but they saw it as a great issue, one that would turn women out to vote in favor of infanticide.

Instead, what it did was to force truly adherent Christians to vote against them, even if not to vote for Harris. I was one of them.  I voted for the American Solidarity Party.  I would have anyhow, but in a state that was close, this cost the Democrats votes.  It may very well have cost them the election.

Ironically, and the Democrats failed to grasp it, Donald Trump's wishy washiness on this helped him.  Lots of Evangelicals and even Catholics could rationalize voting for him as he seemed to be against abortion, sort of.  Hadn't his court brought Dobbs around?  And Republican women who otherwise adhered to the American Civil Religion could rationalize voting for pro abortion ballot measures while voting for trump, essentially voting for the things they were comfortable with from the 1970s, like abortion and birth control, while voting against homosexuality and transgenderism.

Indeed, the entire religiosity of the Trumpites is much like this, although not of the National Conservatives. They're okay with cheating men, up to a limit, premarital sex, and divorce, as long as the plumbing matches. They aren't okay with homosexuality.  Truly religious voters were never supportive of abortion, which Harris leaned deeply into.

Democrats should have known that and figures out a way to deal with it.  Even simply taking the same position as Trump, let the states deal with it, would have leveled the choice for many.  Or they could have just remained completely silent in the election on abortion and transgenderism, which would have caused some votes to swing their way.

If the Democrats don't modify their position on abortion, they're not going to do better in 2028.

4.  What we noted as long ago as 2016 about ignoring rust belt issues is still true.


We noted a long time ago that Trump's 2016 victory was brought about in part due to a massive discontent over immigration issues and American jobs going overseas.  Both Democrats and Republicans were complicit in this for years.

The problem here is that this festering sore has become infected, and crossed from discontent into malevolence.  Basically, its much like small town Germans thinking that a local Jewish butcher was odd, to thinking he's in league with evil. This has been downright scary.

Democrats woke up to the problem of decades long mass illegal immigration, but too late.  Now, it appears, we're about to engage in a mass immorality.

This one was a hard one for the Democrats.  Biden screwed up early in his administration on this issue.  Harris was tarred with it.  It would have taken a different candidate to distance from it, perhaps, quite frankly, a Hispanic one.  There are solutions, but some of them are quite out of the box, very pre 1940, and a bit drastic.

Likewise, Trump introduced his absurd tariffs concept.  The idea is underdeveloped and economically flaccid.  But Rust Belt people don't care as in their minds if electric vehicles don't come in from China, 1965 Chevrolet Impalas will come back. This won't happen, and this will rapidly prove to be incorrect.

5.  Demographics change.

Roman Catholic Cathedral Santuario de Guadalupe (Cathedral Shrine of the Virgin of Guadalupe), Dallas Texas





Dedicated in 1902 as the Cathedral of the Sacred Heart, this cathedral was renamed the Cathedral Santuario de Guadalupe in 1977, when another aging Dallas church dedicated to the Lady of Guadalupe was torn down. This cathedral has the second largest parish congregation in the United States.

Democrats in the 1960s abandoned white Southern racists in favor of the minorities of the time, much to their credit.  Up until that time, African Americans had been Republicans.  Democrats remembered that Italian American and Irish Americans had been, and were, theirs.

But they failed to notice that Roe v. Wade shattered the Catholic immigrant retained vote of earlier eras. For some reason, they didn't grasp that retaining abortion and embracing transgenderism and abortion would come to offend  large groups of American, and even immigrant, Hispanics, who had a similar Catholic morality.  And they didn't grasp that at the pew level, this was also true for the Black Church and many African Americans, who came to resent having their cause compared to ones based on sexual orientation or practice.

They also forgot that minority adherence to patronage only lasts as long as poverty does.  Once a demographic moves into the Middle Class, it begins to disappear within a generation or two.  Irish Americans and Italian Americans were once solidly Democratic.  This hasn't been the case for a long time.  Hispanics have been moving out of poverty, and so have African Americans.

And Hispanic Americans, which are a diverse group to start with.

This left the Democratic party a party of old Boomers, and the white upper middle class, and lower upper class, white, effete, elites.  They're aren't enough of them to win an election.

Footnotes

*The Nazis ended up sending homosexuals to the death camps.  They were highly resistant to women working, and only relented on it as the war began to go very badly.  They'd also encourage pregnancy, including out of wedlock, by German women, which was definitely contrary to traditional Christian morality.

This is of note, not because there will be death camps, but because Germans voting on morality issues didn't get what they bargained for at all.  Americans doing the same in the 2024 election are likely to find they may be surprised.

**As an example, while at the county courthouse to vote early, I encountered an elderly man wearing a MAGA hat who was informing people that transgenderism "wasn't invented here", whatever that would mean, and that this was a reason to vote for Trump.