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If I had sold in May, when I posted a stocks thread, I could have avoided a 25-30% drop. Would have had to pay capital gains, but would have a lot of capital to deploy in a few months.
.@SpeakerPelosi: "I don't agree" w/ polls showing Americans care about soaring crime & inflation pic.twitter.com/IMyHx4dNHd
— Tom Elliott (@tomselliott) October 18, 2022
You can’t run an economy by slamming down the gas pedal (Congressional spending) and simultaneously slamming on the brakes (the Fed raising interest rates). One or the other is going to fail.
What makes me mad about inflation is that it erodes savings. It takes most people a lot of sacrifice to build up a nest egg. To have it devalued by 13% (being generous here) means a lot more time, sacrifice, and effort just to build it back up again. Not to mention main store of savings (stocks) are down 25% lately.
https://nypost.com/2022/10/16/average-american-is-losing-34k-and-everything-else-on-bidens-watch/
Not to mention that real wages have declined every month for 19 straight months. An astonishing “accomplishment.”
Real wages are lower for Americans for the 18th straight month. pic.twitter.com/PRJwpVLSTU
— Bitcoin (@Bitcoin) October 13, 2022
This administration used unified party control to enact every progressive fever dream policy. They have proven that the left doesn’t understand economics or human nature. MMT is wrong, and the Democrats have broken the economy. KJ-P bragged about how the American Rescue Plan passed without a single Republican vote. Great. I hope when Biden claims that inflation will be worse under the Republicans, they hammer his press secretary over the head with her own words.
As it turns out, they did ask women.
Economy – 21%
Inflation/cost of living – 17%
Abortion – 9%
Immigration – 7%
Crime – 4% https://t.co/5rDOOWZS4q pic.twitter.com/FDGKDRkcPI— Kristen Soltis Anderson (@KSoltisAnderson) October 17, 2022
But Yamiche Alcindor and Claire McCaskill are credible on this topic. They crushed Matt Gorman on the panel.
Don’t be pokerguylp.
Scoop: Biden admin to release another 10-15 million oil barrels from nation’s emergency stockpile in bid to balance markets/keep gas prices from climbing, sources tell @jendlouhyhc @AriNatter & me. It’s latest tranche from 180m-barrel plan. WH to also share plans to replenish SPR
— Jennifer Jacobs (@JenniferJJacobs) October 18, 2022
Don’t worry. We have this thing that we can use up for political purposes.
BREAKING: BBC Persian reports that Iranian sport climber Elnaz Rekabi has now gone missing. Yesterday she competed without the regime’s compulsory headscarf at the International Federation of Sport Climbing’s Asian Championships in Seoul. pic.twitter.com/6rpl7KaBP5
— Hillel Neuer (@HillelNeuer) October 17, 2022
Or being North Korea. I mean, the ayatollahs have adopted the Shah’s late regime tactics?
A statement from the Ministry of Foreign Affairs regarding the statements issued about the Kingdom following the OPEC+ decision. pic.twitter.com/Bo7JVPDzFo
— Foreign Ministry 🇸🇦 (@KSAmofaEN) October 12, 2022
Then Biden digs deeper, saying that aid to Saudi Arabia is under review because they didn’t want to delay until after midterms.
Well, two things can be true at once: that Christian Walker loves his father, but hates the effect that Herschel’s dalliances have had on his mother and family in general.
As for Warnock, let him who is without sin cast the first stone. He has plenty of his own personal baggage. (Covering up child sexual abuse at his camp / obstructing the investigation, the domestic violence allegations, the financial stuff re: his church, bringing in Brother Castro, using a fake dog in his campaign ads, etc.).
On policy, where are we? Did the infrastructure bill actually benefit Georgia? Will the Inflation Reduction Act actually reduce inflation? There have been so many deceptively misnamed bills this Congressional session, it is Orwellian, bordering on Kafkaesque. Remember the infant formula bill? What, exactly, did it do? Did it actually address the issue?
Mothers with autism, who are less likely than others to breastfeed, have been hit particularly hard by the baby formula shortage. https://t.co/zc55WOgzkc
— NYT Health (@NYTHealth) October 10, 2022
Yet some of the left’s talking point spreaders continue to harp about votes against a bill that did nothing, that were designed to do nothing.
https://twitter.com/JoJoFromJerz/status/1579240723337338880
The latest iteration of the Safe Streets Act? Did it reduce crime?
https://www.thetrace.org/newsletter/fbi-crime-report-missing-data/
What are they hiding?
If it’s about policy, I would rather have gridlock than continually shoving garbage legislation through unified party control of the federal government.
I agree that the tax systems need to be updated / upgraded. The potential revenue clawbacks, however, aren’t nearly as much as would justify the Inflation Reduction Act. Just like taxing unrealized gains (how would that have gone over the last few months), a 100% tax on billionaires, or other out there taxation measures wouldn’t fund the federal government for more than a few days. We’re not Italy, Greece, or Spain, who have massive underground economies and therefore small tax bases that could be expanded with better systems.
As for the internet observatories, the left has really gone all-in on the disinformation industry (after defending the right to free speech for a long time). It’s chilling. The “COVID misinformation” bill passed in California (championed by Dr. Richard Pan, who went after Dr. Jay Bhattacharya on Twitter… which will become Exhibit 1 of the lawsuit), and is likely unconstitutional. We’re living in dangerous times, when confirmation bias is weaponized to censor.
Don’t forget that UW’s center is run by our very own Kate Starbird. Her early work was excellent. Her more recent work (or more accurately her center’s more recent work) is so hopelessly infected with political bias that it is worthless.
https://lao.ca.gov/LAOEconTax/Article/Detail/747
Not sure if Silicon Valley’s days are over. San Francisco’s days may be numbered.
https://mobile.twitter.com/TomBevanRCP/status/1569718637551828993
Doesn’t matter. Damage was done.
Looks like Robert Telles’ political fortunes were going up until his defeat in the primary (by about 2k votes). As far as I know, he didn’t practice criminal law.
I have met both the victim and the perpetrator in person (several times each). Jeff German really tried to be accurate and get things right. Good sense of humor (off the record).
Rob Telles was a law student and attended some bar events while a student and once he graduated. Always had a big smile. Did seem like the politician / networking type.
My guess is that having his political ambitions dashed broke him. Weird thing is he may have impersonated a burglar who broke into the Summerlin Lindo Michacoan restaurant a few weeks ago. Not sure how he expected to get away with it.
https://mobile.twitter.com/ShellenbergerMD/status/1567274292693565440
It wasn’t climate change? Does sewage treatment fall under the water infrastructure bond that California voters passed, but the billions of dollars haven’t gone into a single storage mechanism or other water project?
