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Vp = paternity leave Pete
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Sic transit gloria mundi (so shut up and get back to work)We lost the thread on debt when the “modern monetary theorists” took over. Que the inflation.
I think it’s a long term disaster, but what is “long term” anymore? at a 7% inflation rate and 2% interest rate on the 10 yr t-bond, we pay back 60% of the value we borrow (discounting the principal at the net 5% rate per year). What? Me worry?
The real question is what geniuses are out there actually lending money to the U.S. at such a money-losing rate. The answer is “who knows?” because the fed and the treasury have mucked up any real signals for risk pricing.
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Sic transit gloria mundi (so shut up and get back to work)Wake me up in November. Never underestimate the gop’s ability to eff things up.
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Sic transit gloria mundi (so shut up and get back to work)Exactly rj. None of this gets printed in any reputable paper 20 years ago. Reporters would have been expected to make a phone call or two.
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Sic transit gloria mundi (so shut up and get back to work)Amazingly bad behavior. Junior HIGH?
Geoff
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Sic transit gloria mundi (so shut up and get back to work)I still think that there will be no broad based lockdowns because there will be no opposition party playing hardball politics to do them. The Dems sunk the economy with lockdowns in 2020 at least in part to gain political advantage (just like they let riots happen for the same that year). I don’t think it helps them to do it now.
Even Fauci has religion on the “inconvenience” of lockdowns suddenly.
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Sic transit gloria mundi (so shut up and get back to work)Seems like 2020 all over again… I can’t disagree.
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Sic transit gloria mundi (so shut up and get back to work)people wonder why a portion of the population doesn’t trust the “experts.”
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Sic transit gloria mundi (so shut up and get back to work)Walking it back…on Twitter.
https://www.foxnews.com/politics/biden-no-federal-solution-covid-19-federal-plan
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Sic transit gloria mundi (so shut up and get back to work)He doesn’t have his marbles. There will be a “correction” from his staff at some point soon.
This was another subtle nod to the Trump admin, for anybody watching.
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Sic transit gloria mundi (so shut up and get back to work)She’s already a pariah. If she where a white male she wouldn’t have the job in the first place, so there’s that.
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Sic transit gloria mundi (so shut up and get back to work)I’m sure those politicians are sympathetic to their own ‘jackers’ plights. No bail for them. No prosecution.
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Sic transit gloria mundi (so shut up and get back to work)The Biden administration has done far less with far more information than the Trump administration did. While I don’t know if there is a blame game to be played with the testing topic (I’ve heard that it’s a manufacturing issue, and in this economy that is a valid argument), but I can say that if we aren’t fully stockpiled on key emergency response items including tests, then our “authorities” aren’t paying attention.
Why our elected leaders can spend more time talking about the child tax credit, abortion, and bail reform than they can the threat of COVID locking up our economy again is beyond me. The number one priority today should be addressing major COVID disease (not mild or asymptomatic cases), and addressing the supply chain challenges that COVID “policies” cause constantly. If we haven’t overshot on government support on those two things, we haven’t done enough yet.
When it comes to other authoritarian measures, the difference today will be that the shoe is on the other foot when compared to last year. Last year, lockdowns had very attractive byproducts of civil unrest and economic ruin while the Republicans were in charge. My hunch is this year there will be no lockdowns because, well, they hurt and Democrats don’t like to hurt people unless it’s for political advantage or due to unintended consequences.
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Sic transit gloria mundi (so shut up and get back to work)Trump was never a role model or politician. He was an executive hired to do a job and he got about half of it done (Good on the border, economy, and foreign policy, not bad on domestic policy in general including taxes and reinvestment…he was really not good on infrastructure and overall spending, and then snakebit by Covid).
Kamala is nothing if she’s not a role model or politician. She has no executive history (not to mention success) to speak of, and can’t afford to be bad at politics.
And, anyone who looks at the way she rose to “power” and says “I hope my little girl does the same” is basically wishing their daughter in a life of prostitution.
“Here’s your one chance, Fancy, don’t let me down.”
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Sic transit gloria mundi (so shut up and get back to work)How cool would it be if Tesla paid back 50% of the subsidy money it received from the federal government? I mean, the taxpayers got the rest (mostly rich, white, executive class Tesla drivers, but who’s keeping score). At the current valuation, they could do a secondary offering and just give the money back to the government. That would shut Warren up, wouldn’t it?
I mean, the subsidies–at this point–are a small fraction of Tesla’s valuation. Even if Tesla reserved stock options for the government, it would be the ultimate “back atcha.”
That’s not to mention that Musk will pay more in taxes this year than the dollar value of all the subsidies received by tesla to date (I think that number is south of $10 billion and he will pay $11 billion or so based on a quick google).
In a way, the government is getting a HUGE ROI on Tesla’s share price when you factor in all capital gains taxes (musks plus yours and mine), and likely an even better one on the technology portfolio and “push” that Tesla has made in the automotive industry.
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Sic transit gloria mundi (so shut up and get back to work)
