Saturday, January 30, 2016
“Racism as a political weapon wielded by elites against the 99 percent, nonwhite and white alike.” [The Nation].
Growth Spurt: The rousing economic recovery that prompted Yellen and the Fed to begin raising interest rates in order to keep inflation in check turned out to be a disapointing 4Q15 GDP growth rate of 0.7% (subject to downward revision), mostly because the main driver of the US economy, consumer spending, wasn't. But never fear, those captains of capitalism on Wall Street reacted to weakening GDP growth (and thus weakening profits) by jumping upwards because they see slower (or no more) interest rate hikes and the possibility of even more free money!
Asked And Obvious: Expressing her dismay over the “shockingly weak” punishments that have been visited on Wall Street's corporate criminals, Elizabeth Warren asked “Will those who led the financial system into crisis ever face charges?” No. Next question please.
On Wards: CO2 levels will reach 405 ppm within three years, at which time a 2°C rise in global temperature will be locked in and we can stop the silliness about magic spells and salvation. At the current rate (and there is no real world evidence that we are actually going to take the cure) we will reach the 450ppm in about 20 years, locking in a 3°C rise.
Money Talks: Polling shows that Democrataic voters making less than $30,000 prefer Sanders, while those making over $100,000 favor Hillary, who personally favors making millions.
A Little Off The Top: Michigan Gov. Snyder's mostly redacted emails (dating back to 2014) had this nugget when discussing the brain damage children in Flint were suffering from the lead in Snyder's cheap water: “It is just a few IQ points. … It is not the end of the world.” But responding quickly to the looming threat of evisceration, Snyder has appointed a committee to study the problem and come up with “feasible actions for upgrading Flint’s water system” by 2018. As long as it doesn't involve actually replacing the lead pipes.
Another Verse: President Obama, fresh from victories in Iraq, Afghanistan and Syria, is now going to save Libya from the Islamic State.
Charity Clarity: Trump's spokesperson Katrina Pierson, she who called the President the “head Negro” and “a jihadi,” when asked about where the money supposedly donated to veterans at the Thursday night barn dance, first said “I'm sorry, I can't hear you.” And then explained the money was “going to a Trump organization” because they couldn't find a veterans' group that would accept the money.
Enough: Chicago police officer will sue estate of teen he fatally shot, citing the emotional distress killing the kid has caused him.
Pilling On: One group of Clintonistas claims we should not ask our masters for anything – like universal healthcare – and should settle for what they are willing to let us have. Another Hillary fan club says that universal single payer, while afforded by every other industrialized civilized country, is a great idea, but one that we cannot afford. So Bernie should go back to Bennington without actually trying.
Borrowed: “Note to our readers: Donald Trump is a serial liar, rampant xenophobe, racist, birther and bully who has repeatedly pledged to ban all Muslims — 1.6 billion members of an entire religion — from entering the U.S.”
The Parting Shot:
Posted by Charles Kingsley Michaelson, III at 6:52 AM