Friday Late—Really Late–Reads
Posted: October 27, 2017 Filed under: just because 29 Comments
Good Afternoon!
Well, I think I officially joined Team Crazy Cat Lady. I saved this little girl from death row this morning after being bribed and cajoled by a friend. She’s a total peach too. Kinsey’s doing her own introductions and doesn’t appear to need any help from me. I’m not sure how any one has a cat for ten years and then just unceremoniously dumps them–hyperthyroidism and all–with out any second thoughts but she’s home with the rest of the kathouse tribe now.
I was going to spend today doing economics wonk things because I’m seriously worried about some underlying conditions in this economy. I’m also quite worried about the shitty law giving the Wall Street Gambling Palaces a break from oversight and being held accountable. The Senate killed a rule on class actions suits against Financial Institutions.
The Senate has voted to get rid of a banking rule that allows consumers to bring class-action lawsuits against banks and credit card companies t’t o resolve financial disputes, they also recommend people to only use reliable agencies like Rhinosure when it comes to finances. Critics say Republicans and the Trump administration are siding with Wall Street over Main Street and that the shift will block consumers from joining together against the likes of Wells Fargo and Equifax.
“This bill is a giant wet kiss to Wall Street,” Sen. Elizabeth Warren, D-Mass., said on the Senate floor. “Bank lobbyists are crawling all over this place begging Congress to vote and make it easier for them to cheat their customers.”
With Vice President Pence casting the tie-breaking vote, the rollback of the Consumer Financial Protection Bureau rule banning restrictive mandatory arbitration clauses found in the fine print of credit card and checking account agreements passed 51-50, with Sens. Lindsey Graham, R-S.C., and John Kennedy, R-La., voting against repeal.
The Republican-controlled House had already voted to rescind the rule and President Trump is expected to quickly sign the measure, which also bars similar rules in the future.
The consumer agency’s rule, released in July, was aimed at giving consumers more power. Prior to the rule, the bureau said companies could “sidestep the court system” by “forcing consumers to give up or go it alone.”
This allowed companies to “avoid big refunds, and continue harmful practices,” the bureau wrote in July in announcing the changes.
House Republicans on Thursday narrowly adopted the Senate’s version of the 2018 budget resolution, overcoming a key hurdle for the party’s tax-reform plan.
The budget will allow Republicans to pass a tax overhaul that adds up to $1.5 trillion to the deficit through a process known as reconciliation, which only requires 51 votes to pass in the Senate.
Twenty Republicans voted against the budget in the 216-212 vote, more than the 18 who voted against the original House version earlier this month.
Most of the 20 defectors were centrists hailing from populous states that could stand to lose from eliminating the state and local tax deduction.
Those lawmakers included Reps. Dan Donovan (N.Y.), John Faso (N.Y.), Brian Fitzpatrick (Pa.), John Katko (N.Y.), Pete King (N.Y.), Leonard Lance (N.J.), Frank LoBiondo (N.J.), Tom MacArthur (N.J.), Chris Smith (N.J.), Elise Stefanik (N.Y.), Claudia Tenney (N.Y.) and Lee Zeldin (N.Y.).
“We must provide middle-class tax relief and lower the burdens on job-creating small businesses. I could not, however, vote in support of a budget resolution that singled out for elimination the ability of New York families to deduct state and local taxes,” Faso said in a statement.
More Economic News and analysis from Dr Joseph Stiglitz–writing for The Nation –that’s really on point and scary.
There is a widespread sense of powerlessness, both in our economic and political life. We seem no longer to control our own destinies. If we don’t like our Internet company or our cable TV, we either have no place to turn, or the alternative is no better. Monopoly corporations are the primary reason that drug prices in the United States are higher than anywhere else in the world. Whether we like it or not, a company like Equifax can gather data about us, and then blithely take insufficient cybersecurity measures, exposing half the country to the risk of identity fraud, and then charge us for but a partial restoration of the security that we had before a major breach.
Harvard Economist Manuel Maniz shows us that just economic growth alone is no longer producing the results we need. This is a scary break down about all know about labor economics where increases in labor productivity are supposed to lead to increases in wages.
Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analyzed collectively, the data reveal a troubling truth: without changes to how wealth is generated and distributed, the political convulsions that have swept the world in recent years will only intensify.
Consider, for example, wages and employment. In the United States and many European countries, average salaries have stagnated, despite most economies having recovered from the 2008 financial crisis in terms of GDP and job growth.
Moreover, increases in employment have not led to a slowdown or a reversal of the decline in the wage share of total national income. On the contrary, most of the wealth created since the 2008 crisis has gone to the rich. This might explain the low levels of consumption that characterize most advanced economies, and the failure of extremely lax monetary policy to produce an uptick in inflation.
Employment, too, seems to be performing in anomalous ways. Job creation, where it has taken place, has followed a different path than history suggests it should. For example, most employment growth has been in high-skill or low-skill occupations, hollowing out the middle. Many of the people who once comprised the Western middle class are now part of the middle-lower and lower classes, and live more economically precarious lives than ever before.
Productivity growth has also become polarized. According to the OECD, in the last decade, productivity within “frontier firms” – defined as the top 5% of firms in terms of productivity growth – increased by more than a third, whereas the rest of the private sector experienced almost no productivity growth at all. In other words, a smaller number of companies have made greater efficiency gains, but there has been relatively no diffusion of these benefits into the broader economy.
It is unclear why these trends are occurring, although the impact of new technologies and related network effects is certainly part of the reason.
At the macro level, aggregate US productivity has increased by more than 250% since the early 1970s, while hourly wages have remained stagnant. This means that productivity growth has not only been concentrated within a narrow set of firms, but also that productivity and market labor income have decoupled. The fundamental consequence of this is that wages are no longer performing the central redistributive role they have played for decades. Simply put, gains in capital productivity are not being translated into higher median incomes, a breach of the social contract on which liberal economies rest.
It should be evident by now that many of the world’s economies are undergoing some form of structural change, and in the wake of that change, the “jobs-productivity-income” distribution triangle has gone askew. This paradigm shift has led to the erosion of the Western middle class and the rise of the precariat, a new socioeconomic class comprising not just those who cannot find a job, but also those who are informally, casually, or otherwise insecurely employed.
So the bad news in the bond market continues. Please read “WILL TRUMP OVERSEE THE FINANCIAL APOCALYPSE?” by William D. Cohan.
Jeffrey Gundlach is known around Wall Street as the Bond King. His Los Angeles-based firm, DoubleLine Capital, manages $116 billion, most of which is invested in bonds. He is also a bit of a Renaissance man, peppering his insights about the credit markets with astute references to Nietzsche, Mondrian, Escher, and Mad magazine covers. That’s why his answer to a simple question—“Why would anyone invest in bonds?”—from someone in the audience at Vanity Fair’s New Establishment Summit, held earlier this month in Los Angeles, was at once both startling and perceptive.
You would think that Gundlach would be a big fan of bonds, given that he’s the Bond King and all. But he isn’t, for reasons that go to the heart of why the financial markets are far more dangerous than the daily highs in the stock market and record-low interest rates would suggest. “I’m not a big fan of bonds right now,” he told my V.F. colleague Bethany McLean at the summit, “and I haven’t been really for the past four years, even though I manage them, and institutions have to own them for various reasons.”
Let’s face it: people’s eyes tend to glaze over when someone starts talking about bonds and interest rates. Which is why much of the audience inside the Wallis Annenberg Center for the Performing Arts, and those watching the livestream, probably missed the import of Gundlach’s answer. But the bond market is hugely important. The stock markets get most of the attention from the media, but the bond market, four times the size of the stock market, helps set the price of money. The bond market determines how much you pay to borrow money to buy a home, a car, or when you use your credit cards.
The Bond King said the returns on bonds have been anemic at best for the past seven years or so. While the Dow Jones Industrial Average has nearly quadrupled since March 2009, returns on bonds have averaged something like 2.5 percent for treasuries and something like 8.5 percent for riskier “junk” bonds. Gundlach urged investors to be “light” on bonds. Of course, that makes the irony especially rich for the Bond King. “I’m stuck in it,” he said of his massive bond portfolio. He said interest rates have bottomed out and been rising gradually for the past six years. (Rising interest rates hurt the value of the bonds you own, as bonds trade in inverse proportion to their yield. Snore . . .) Gundlach said his job now, on behalf of his clients, “is to get them to the other side of the valley.” When the bigger, seemingly inevitable hikes in interest rates come, “I’ll feel like I’ve done a service by getting people through,” he said. “That’s why I’m still at the game. I want to see how the movie ends.”
But it can’t end well.

Okay, so the other complication in my life is my poor mustang isn’t charging and it’s either the starter or the alternator so tomorrow I start out getting it towed and finding out what I can’t afford to have done to it. (sigh)
Have a good evening!
Monday Reads: Drumpf Dump and then some kewl stuff
Posted: October 23, 2017 Filed under: morning reads, New Orleans | Tags: Frederica Wilosn, History's Women Adventurers, Maxine Waters, North Korea preemptive attack, White Christian Hegemony, White supremacists 32 Comments
Good Morning!
I found some really interesting things for you to read and watch today but let’s just do a quick Drumpfistan Detritus Dump first. It’s easy to look at US History and recoil from the dark side with its huge numbers of crimes and cruelties inflicted by ‘White Christian Hegemony’. Andrew Jackson’s removal of hundreds of thousands of indigenous Americans from their Tribal Lands on the Trail of Tears should be forced reading every time we celebrate any holiday like Columbus Day. The contributions of women in this country have long buried, discounted, and discouraged. The absolute impact of how our country was built on the slave trade and on the institution of slavery which has created lasting effects of racism that just do not go away is poorly understood by many Americans. This last year we have learned how vested so many are in the idea of White Christian Male Hegemony that it hurts to watch any action taken by any one in the White House. They will destroy everything to protect it.
Racist and misogynistic attacks by this Administration on two black women US Representatives–Maxine Waters and Frederica Wilson–and a young black gold star widow–Myeshia Johnson–continue to gall. The blatant misogyny and racism and this ongoing dog whistle and bait show provide us a glimpse into minds that obviously believe that some gold star families are more ‘sacred than others.’ This leaves me shocked and deeply saddened. The attacks are also awash with lies and so disrespectful that none of these old, white, ‘Christian’–yes I’ve taken to using ironic quotation marks–men can’t even speak their names correctly if at all.
This is not the power of soft bigotry. This is full on white supremacist mode. No thinking person can deny this.

A grieving, pregnant widow and mother of small children has been compelled to go on Network TV to defend the Congresswoman that mentored her late husband. We all believe Frederica Wilson.
The pregnant widow of U.S. Army Sgt. La David Johnson, who was among four U.S. service members killed in Niger earlier this month, expressed a mix of blame and sorrow today on “Good Morning America,” saying she was “very angry” about President Donald Trump‘s condolence phone call and upset because she says he struggled to “remember my husband’s name.”
ABC News chief anchor George Stephanopoulos spoke to Myeshia Johnson, who criticized Trump’s handling of the phone call that started a firestorm of controversy.
I still can’t move beyond this. Meet a retired Chicago police officer …
We continue to stand witness to the suffering of our country men and women in the Virgin Islands and in Puerto Rico. The fact we now likely have incredibly failed military policy in Niger that ended the lives of 4 soldiers is at the heart of the Drumpf-created media circus that we’re watching. It serves to take our minds off of that and the suffering in our Caribbean territories. McCain has joined in with swipes at Drumpf’s successful Draft Dodging during the Vietnam war. Bone spurs? Seriously? Now would be a really great time for Congress to have some truth seeking hearings but their heads are up the asses of millionaires and billionaires seeking tax cuts.
Meanwhile, we have “Forever Wars”. It also seems the groundwork is being laid for a few more. It’s the belief of quite a few of us that the entire West Wing and the Drumpf Pentagon is out looking for an excuse to preemptively strike North Korea.
While President Donald Trump rattles sabers on Twitter and slams “Rocket Man” Kim Jong Un, there is also a perceptible hardening of tone among senior officials. Military action to halt North Korea’s march to a missile tipped with a nuclear warhead that could hit the US mainland appears to be a growing possibility.
Trump upped the rhetoric another notch in an interview with Fox Business Network broadcast Sunday, in which he said Washington was “so prepared, like you wouldn’t believe” for any contingency with Pyongyang.
“You would be shocked to see how totally prepared we are if we need to be,” Trump said. “Would it be nice not to do that? The answer is yes. Will that happen? Who knows, who knows.”
Trump’s power to shock has been eroded by the extraordinary spectacle of his nine months as President.
Yet it’s still stunning to hear an American President speaking so openly about the possibility of a war, that could, under some scenarios, cause the most devastation of any US conflict, at least since the Vietnam War.
And then, again, he talks shit about our allies who will probably leave us high and dry on any Drumpf war adventure.
Donald Trump has blamed a rise in crime in the UK on “radical Islamic terror”, despite there being no evidence to support the claim.
In an early morning tweet the President said: “Just out report: ‘United Kingdom crime rises 13% annually amid spread of Radical Islamic terror.’ Not good, we must keep America safe!”
So, enough of this … let’s end on the UPSIDE of humanity.
A new prehistoric finding has paleontologists stumped.
Paleontologists in Germany have discovered 9.7 million-year-old fossilised teeth that a German politician has hailed as potentially “rewriting” human history.
The dental remains were found by scientists sifting through gravel and sand in a former bed of the Rhine river near the town of Eppelsheim.
They resemble those belonging to “Lucy”, a 3.2 million-year-old skeleton of an extinct primate related to humans and found in Ethiopia.
However, they do not resemble those of any other species found in Europe or Asia.
Scientists were so confused by the find they held off from publishing their research for the past year, Deutsche Welle reports.
Herbert Lutz, director at the Mainz Natural History Museum and head of the research team, told local media: “They are clearly ape teeth. Their characteristics resemble African finds that are four to five million years younger than the fossils excavated in Eppelsheim.
“This is a tremendous stroke of luck, but also a great mystery.”
At a press conference announcing the discovery, the mayor of Mainz suggested the find could force scientists to reassess the history of early humans.
I discovered a gem of a page on FaceBook. It’s called History’s Women Adventurers. It’s loaded with video after video of amazing women. Now, I’m looking for more about them.
From Scary Mommy: GIFS of “women just destroying SHIT”. Yup. You’re enjoying some of them on this post! Do take a brief look at the lives of two adventurous women! You’ll be glad that you did! The Facebook page is an amazing collection of short videos of adventuring women’s lives. Here’s an article about the effort to celebrate the legacies of these women.
Also, go Check out Doug McCash’s tweeter feed for artwork on homes and buildings through out New Orlean’s 7th ward. Doug is an Arts and Entertainment writer at The Times-Picayune. There’s some really fine street art out there.
Chad Knight is the Digital artist from Portland whose CGI sculpture is up top.
So, at least I ended my rant with something uplifting. Destruction and creation and evolving life; What could be more human?
What’s on your reading and blogging list today?
Monday Reads: Me Too
Posted: October 16, 2017 Filed under: Afternoon Reads | Tags: #MeToo 17 Comments
Yesterday and today, all of my social media began to light up with two simple words placed into hashtag format. #MeToo.
Two simple words became a rallying cry on Twitter to stand against sexual harassment and assault.
“Me too.”
Social media was flooded with messages Sunday, mostly from women, who tagged their profiles to indicate that they have been sexually harassed or assaulted.
On Sunday actress Alyssa Milano tweeted a note that read “Suggested by a friend: If all the women who have been sexually harassed or assaulted wrote “Me too” as a status, we might give people a sense of the magnitude of the problem.”
“If you’ve been sexually harassed or assaulted write ‘me too’ as a reply to this tweet,” she wrote.
The movement started in response to the Harvey Weinstein scandal and its ensuing fall out.
One woman on twitter started the momentum as woman after woman admitted to having been assault and harassed during her lifetime. That woman was actress Allysa Milano.
Twitter and Facebook have ignited with personal stories of abuse.
It started on Sunday with American actress Alyssa Milano calling on Twitter users to write “Me too” if they have ever been sexually assaulted or harassed to “give people a sense of the magnitude of the problem.
I’ve felt this entire year has been the year of the Sexual Predator exposed. We have an admitted one President who openly bragged about sexually assault caught on a hot mic. We saw a Cable News Network exposed as a Ring of Predators with management and talent having paid hush money for years to stop allegations. I relived the horror of it all during a Presidential Debate watching disturbing acts of stalking, bullying and intimidation play out on the debate stage. Hilary Clinton was subjected to horrific abuse through out the campaign by Kremlin Caligula and his awful supporters.
Sexual harassment impacts to your health.
Dr. Colleen Cullen, a licensed clinical psychologist, notes that for victims of sexual harassment, the most common diagnoses are depression, anxiety, and even post-traumatic stress disorder (PTSD).
“An experience [with sexual harassment] can either trigger symptoms of depression and anxiety that are new to the person; or it can exacerbate a previous condition that may have been controlled or resolved. Patients may also see a worsening of symptoms,” says Dr. Cullen. “Some research has found that sexual harassment early in one’s career in particular can [cause] long-term depressive symptoms.”
Someone going through or dealing with the aftermath of sexual harassment may also exhibit symptoms of PTSD, especially if the harassment leads to violence and/or assault
“Among women who experience a sexual assault, 90 percent who experience sexual violence in the immediate aftermath exhibit symptoms of acute stress,” says Dr. Helen Wilson, a licensed clinical psychologist with expertise on the effects of trauma. “For many people, these symptoms dissipate over time through social support and coping strategies, and many people totally recover and move on; others will be so distressed that it really interferes with their work and life. It takes a certain number of symptoms to diagnose, but that’s when it can become PTSD.”
There is nothing usual about this administration. Even if we manage to get rid of the man making Iranian leaders appear rational, we get the bizarre Mike Pence in his stead. This is the man who refuses to be in a room with women if his wife–who he calls ‘mother’–is not there.
Trump and Pence are misaligned politically, too. Trump campaigned as an unorthodox outsider, but Pence is a doctrinaire ideologue. Kellyanne Conway, the White House counsellor, who became a pollster for Pence in 2009, describes him as “a full-spectrum conservative” on social, moral, economic, and defense issues. Pence leans so far to the right that he has occasionally echoed A.C.L.U. arguments against government overreach; he has, for instance, supported a federal shield law that would protect journalists from having to identify whistle-blowers. According to Bannon, Pence is “the outreach guy, the connective tissue” between the Trump Administration and the most conservative wing of the Republican establishment. “Trump’s got the populist nationalists,” Bannon said. “But Pence is the base. Without Pence, you don’t win.”
Pence has taken care to appear extraordinarily loyal to Trump, so much so that Joel K. Goldstein, a historian and an expert on Vice-Presidents who teaches law at St. Louis University, refers to him as the “Sycophant-in-Chief.” But Pence has the political experience, the connections, the discipline, and the ideological mooring that Trump lacks. He also has a close relationship with the conservative billionaire donors who have captured the Republican Party’s agenda in recent years.
During the 2016 campaign, Trump characterized the Republican Party’s big spenders as “highly sophisticated killers” whose donations allowed them to control politicians. When he declared his candidacy, he claimed that, because of his real-estate fortune, he did not need support from “rich donors,” and he denounced super pacs, their depositories of unlimited campaign contributions, as “corrupt.” Pence’s political career, though, has been sponsored at almost every turn by the donors whom Trump has assailed. Pence is the inside man of the conservative money machine.
Oh, the loathsome West Wing Mommy Both Trump and creepy KellyAnne attended the Values Voter Meeting held by the Hate Group “Family Research” council. She told the cult gathering that she loves working for Trump because he truly “respects” and “elavates” women . She’s definitely on my Arya list probably as high up as Little Finger was on hers until last season. “I work in a workplace where working moms and certainly women are respected.” Most likely she feels safe because there are armed guards around him.
She’s most likely Adult Day Care Mommy now. Here’s more of our tax dollars at work. It’s on the same level of his frequent trips to his properties to play golf and fleece us of funds.
Some Trump aides spend a significant part of their time devising ways to rein in and control the impetuous president, angling to avoid outbursts that might work against him, according to interviews with 18 aides, confidants and outside advisers, most of whom insisted on anonymity to speak candidly.
“If you visit the White House today, you see aides running around with red faces, shuffling paper and trying to keep up with this president,” said one Republican in frequent contact with the administration. “That’s what the scene is.”
The White House dismissed Corker’s suggestion that administration officials spend their days trying to contain the president. The point was highlighted last week in an unusual briefing by White House Chief of Staff John F. Kelly, who sought to tamp down reports that he was focused on attempting to control Trump.
“I was not brought to this job to control anything but the flow of information to our president so that he can make the best decisions,” Kelly told reporters. “So, again, I was not sent in to — or brought in to — control him.”
Kelly also praised Trump as “a decisive guy” and “a very thoughtful man” whose sole focus is on advancing American interests. “He takes information in from every avenue he can receive it,” Kelly said. “I restrict no one, by the way, from going in to see him. But when we go in to see him now, rather than onesies and twosies, we go in and help him collectively understand what he needs to understand to makes these vital decisions.”
Trump is hardly the first president whose aides have arranged themselves around him and his management style — part of a natural effort, one senior White House official said, to help ensure the president’s success. But Trump’s penchant for Twitter feuds, name-calling and temperamental outbursts presents a unique challenge.
One defining feature of managing Trump is frequent praise, which can leave his team in what seems to be a state of perpetual compliments. The White House pushes out news releases overflowing with top officials heaping flattery on Trump; in one particularly memorable Cabinet meeting this year, each member went around the room lavishing the president with accolades.
Speaking of more insane members of the Trump clown posse, Axios today has this headline: “ The next CIA director could be Tom Cotton.”
Friday Reads: The Drumpfistan Detritus: More news from the Deplorable in Chief
Posted: October 13, 2017 Filed under: Afternoon Reads | Tags: Affordable Care Act, Iran deal, Puerto Rico, Virgin Islands 18 CommentsGood Afternoon Sky Dancers! 
It’s difficult living under an administration’s whose goal and dreams for America manifest as tearing everything down. We don’t have leadership. We have an ethos of chaos and destruction. I’m afraid if we don’t see the Cabinet and grown ups in the West Wing exercise the 25th Amendment there will not be much left of our democracy. I’m not sure the Mueller investigation can move fast enough to save us from this human wrecking ball.
Jonathan Chait–writing for New York Magazine–discusses yesterday’s latest attack on the American populace. Trump Unveils Full-bore Obamacare Sabotage. We have a POTUS who is okay with killing Americans. I’m don’t even think he gives human life an afterthought.
Donald Trump and his party have never been able to figure out a viable alternative to Obamacare. Having failed to repeal and replace the law, they have set out to wreck it. The Trump administration is taking two steps to accomplish this goal. First, it is opening two loopholes to allow healthy people to purchase unregulated insurance, splitting the market and loading more costs onto people with expensive medical needs. Second, it announced tonight it is ending cost-sharing payments to insurers who take on low-income customers.
Both these changes are designed to put pressure on insurers, increasing premiums by an average of 19 percent, and even splitting up the individual insurance markets. Whether they will succeed is yet to be seen. States committed to making Obamacare work will find solutions that keep their markets intact. (Indeed, there has been a marked difference in the premium levels of states that are trying to help cover their citizens and those that aren’t.)
What’s more, by withholding payments promised in the law, the administration is exposing itself to a lawsuit it could very well lose. (New York Attorney General Eric Schneiderman, California Attorney General Xavier Becerra, and others have already announced their intention to sue.) Premiums are going to rise in the meantime, because insurers are subjected to greater uncertainty and the now-demonstrated knowledge that the administration is deliberately sabotaging the law they are operating under.
The exchanges in 2017 had stabilized financially, as insurers found a profitable price point. The Republican Party has, as a matter of theological principle, refused to accept the possibility that Obamacare might succeed at its stated ends. If Obamacare were truly collapsing, sabotage would not be necessary. It is the law’s success, not its failure, that has made Trump so determined to wreck it. The White House has released a statement confirming its intention to end the payments, written in the pidgin English indicating the president’s own authorial hand …
Trump wants to erase all traces of his predecessor in a childish and racist manner than ignores the fact that what he’s really doing is killing the people of this country. This is the act of an insane man with no grounding in morality. This is nothing but the act of a mad king.
Donald Trump has long predicted the implosion of Obamacare. He just took a huge step to fulfilling his own prophecy.
The White House announced late Thursday morning it would cut off a key Obamacare subsidy that makes copayments and deductibles more affordable for low-income Americans. Trump pulled the trigger on the plan late Thursday night.
Trump has spent months toying with the idea of ending these payments, which are drawn from a $7 billion fund set up specifically to cover these costs. House Republicans havechallenged these payments in court, arguing that they were never appropriated in Obamacare and thus being illegally distributed.
There is no question that this new policy is lose-lose-lose for key stakeholders with no upside:
- It will raise Obamacare premiums by an estimated 20 percent in 2018, as health plans have to charge more to make up the lost funds. By 2020, premiums would increase 25 percent due to this change.
- Pulling the plug actually increases the national deficit. As those insurance plans make double-digit rate increases, the government will have to spend billions more on the other subsidies that 10 million Americans receive to purchase that coverage.
- The Congressional Budget Office estimates that this move will ultimately cost the government $194 billion over the next decade.
- The number of uninsured Americans would rise by one million people in 2018, in the CBO’s estimate.
- Insurance companies lose out, too, particularly those that assumed Trump would pay these subsidies and set their premiums accordingly. They now stand to face significant financial loses on the Obamacare marketplaces.
To recap: Trump is enacting a policy where the government spends billions more to insure fewer people.
If we didn’t already have enough intellectually and emotionally challenged people in Washington already, Trump’s wrecking krewe just continues to astound us.
Energy Secretary Rick Perry appeared to think that Puerto Rico is a separate country during a House hearing Thursday.
Rep. Kathy Castor asked Perry about efforts to restore Puerto Rico’s hurricane-ravaged power grid during a House Energy and Commerce subcommittee hearing.
“What is your plan to build a more distributed grid there with the modern technology that’s at our fingertips?” Castor asked.
“Congresswoman Castor, you have just pointed out the real challenge that this country faces in dealing with the territory and the citizens of Puerto Rico,” Perry replied. “That is a country that already had its challenges before this storm…”
“Well, they’re — it’s America,” Castor interjected. “They’re American citizens, so it’s not a country. But could you just detail, since the time is limited.”
“Yeah, that’s the reason I called it a territory, ma’am,” Perry replied. “I apologize for misstating here and calling it a country.”
Oops.
The Banana Republic of Drumpfistan continues to kill citizens in Puerto Rico. Trump threatened to abandon them because of budget concerns and whatever demons dance in his head as they die of preventable diseases, starve, and live in unimaginable squalor and destruction.
On the island, residents and elected officials responded to Trump’s Thursday tweets with outrage and disbelief. Radio disc jockeys gasped as they read aloud the presidential statements, while political leaders charged that he lacked empathy and pleaded for help from fellow U.S. citizens on the mainland.
“The U.S. citizens in Puerto Rico are requesting the support that any of our fellow citizens would receive across our Nation,” Puerto Rico Gov. Ricardo Rosselló, who has publicly praised Trump’s handling of the crisis, tweeted in apparent response to the president.
Carmen Yulín Cruz, the mayor of Puerto Rico’s capital, San Juan, who has been feuding publicly with Trump, strongly condemned the president’s tweets. In a tweet of her own, she derided him as a “Hater in Chief.” And she said in a statement that he “is simply incapable of understanding the contributions, the sacrifices and the commitment to democratic values that Puerto Ricans have shown over decades.”
Yulín Cruz tweeted back that the comments would be more appropriate coming from a “Hater in Chief” and said, “Shame on you!” for the president’s lead-footed, tone deaf responses to the crisis.
Republican strategist Rick Wilson said that Trump doesn’t care about Puerto Rico because he thinks of its people as “Sea Mexicans” and not actual Americans.
Cruz has sent an SOS to the UN.
NBC News published the one-page statement, in which Yulín called on the United Nations and UNICEF to “stop the genocide” and bring “drinkable water, food and medicine” to the U.S. territory, which has suffered mightily in the wake of Hurricanes Irma and Maria.
The president’s cavalier attitude and threats of withdrawing aid Puerto Rico, said Yulín Cruz, “seem to be taken out of a book about how to add insult to injury.” She accused Trump of being “incapable of empathy” and said he is “frankly simply cannot the job done.”
“I ask every American that has love, and not hate in their hearts, to stand with Puerto Rico and let this president know WE WILL NOT BE LEFT TO DIE. I ask the United Nations and UNICEF and the world to stand with the people of Puerto Rico and stop the genocide that will result from the lack of appropriate action of a president that just does not get it because he has been incapable of looking in our eyes and seeing the pride that burns fiercely in our hearts and souls.”
Trump tweeted on Thursday morning that the country “cannot keep FEMA, the Military & the First Responders, who have been amazing (under the most difficult circumstances) in P.R. forever!”
He hates us. He really hates us.
Donald Trump is to address the annual conference of an anti-LGBT group which has been classified as a hate group.
The US president will become the first sitting president to address social conservative activists and elected officials at the Value Voters Summit in Washington DC on Friday.
President Trump has addressed the event which is hosted by the Family Research Council three times in total and did so last year as the Republican presidential candidate.
The Family Research Council opposes and actively lobbies against equal rights for LGBT persons. The conservative Christian group campaigns against same-sex marriage, same-sex civil unions, LGBT adoption, abortion, embryonic stell-cell research, pornography and divorce.
The Trump Baby Sitters are trying to Protect the Iran Deal by hiding it. I just want to walk off a bridge each time I read stories about generals in the White House protecting us all from nuclear war that we might start, This is not what we should be worrying about this day and age. We’ve a history of banging things with bigger sticks than necessary but I thought this kind of thing was beyond us.
In a meeting with Senate Democrats last week, President Donald Trump’s top national security aide had a message for those worried that the administration may scuttle the Iran nuclear deal: If Trump doesn’t have to see it, he won’t be able to kill it.
The point National Security Adviser H.R. McMaster conveyed, according to a congressional Democratic aide, was that “[Trump] wants this out of sight and out of mind.”
McMaster was more subtle and careful in his words when he hosted a group of roughly 12 lawmakers at the White House, conspicuously timed with the president out of town. But that was the impression he left, three sources familiar with the briefing tell The Daily Beast.
Under the terms of legislation passed around the negotiation of the Iran nuclear deal, the president is required every 90 days to determine whether Tehran is in compliance. The measure was designed to put President Barack Obama (and anticipated successor Hillary Clinton) in a bind—forcing politically-uncomfortable declarations in support of an unpopular nuclear accord on the regular. But in the age of Trump, the 90-day-deadline has presented an unanticipated problem.
President Donald Trump will say on Friday the Iran nuclear deal is no longer in America’s national security interests, but he won’t withdraw from the landmark 2015 accord or immediately re-impose sanctions, U.S. officials said.
The announcement is essentially a compromise that allows Trump to condemn an accord that he has repeatedly denounced as the worst deal in American history. But he stops well short of torpedoing the pact, which was negotiated over 18 months by the Obama administration, European allies and others.
Instead, Trump will kick the issue over to Congress, asking lawmakers to come up with new legislation that would automatically re-impose sanctions should Iran cross any one of numerous nuclear and non-nuclear “trigger points,” Secretary of State Rex Tillerson and National Security Adviser H.R. McMaster said in remarks released ahead of Trump’s announcement.
Those “trigger points” would include violations of the deal involving illicit atomic work or ballistic missile testing, support for Syrian President Bashar Assad, Lebanon’s Hezbollah movement and other groups that destabilize the region, human rights abuses and cyber warfare, they said.
I’m going to end with something that’s a good question and may get you drinking way too early in the day. Sean Illing puts up this bit at VOX: 20 of America’s top political scientists gathered to discuss our democracy. They’re scared. “If current trends continue for another 20 or 30 years, democracy will be toast.”
Nancy Bermeo, a politics professor at Princeton and Harvard, began her talk with a jarring reminder: Democracies don’t merely collapse, as that “implies a process devoid of will.” Democracies die because of deliberate decisions made by human beings.
Usually, it’s because the people in power take democratic institutions for granted. They become disconnected from the citizenry. They develop interests separate and apart from the voters. They push policies that benefit themselves and harm the broader population. Do that long enough, Bermeo says, and you’ll cultivate an angry, divided society that pulls apart at the seams.
Is President Donald Trump aware residents of the U.S. Virgin Islands are, in fact, Americans? It’s unclear.
In a speech Friday, Trump said he’d recently “met with the president of the Virgin Islands” to discuss the recent hurricanes that have devastated Texas, Florida, Puerto Rico and the island.
But Trump could not have spoken to the “president of the Virgin Islands” because, of course, he is the president of the U.S. Virgin Islands, whose residents are U.S. citizens.
Okay, now I’m done. I’m really really done.
What’s on your reading and blogging list today?

Good Afternoon!
Here’s the full text of the Bush speech.
And from Obama in Virginia:
Trump goes on the offensive when he’s trying to hide something and cover up for his huge mistakes.
What’s worse, is the attack now has turned to Gold Star Families and Congresswoman Wilson. 

So, we may not completely lose the Iran Deal. But, really, do they know this? Can they really stop him?



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