Wednesday, October 12, 2016
Hillary is either lying to us, lied to them, or simply lies.
What He Said: “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand. We looked at all of these indicators that have been pretty good at forecasting recessions and we extrapolated that if they follow the current trends... we’re going to hit a recession sometime in the second half of next year.” BofA's chief strategy honcho.
Slip Sliding Away: Under Erdogan, NATO ally Turkey is growing closer and closer to NATO's prime enemy, Russia. Worse, Turkey has agreed to pursue a pipeline deal with Russia – and that's a deal breaker.
Polling Places: Nearly 70% of Americans have less than $1,000 in savings -not enough to pay the dentist bill, much less any Obamacare copays. Surprising Trump's not doing better.
Strangely Loved, Too: “The strategic resolve of our nation, the United States, is being challenged and our alliances tested in ways that we haven’t faced in many, many decades.” So says General Mark Milley, US Army Chief of Staff doing his General Buck Turgidson imitation. He left out the part about the conspiracy to sap and impurify all of our precious bodily fluids.” Rank (and ranking) nonsense, but the terrifying thing is a lot of people in Washington believe this guff.
Correction: Larry Summers complains that voters have soured on traditional economic policy. Yes and no, Larry; the voters have soured on being jerked around by traditional economists. Like you.
Asked & Answered: When should we distrust elites? Always.
Precisely: What is happening in Aleppo is a raging sectarian civil war and a proxy battleground for the regional political maneuvers of Turkey, Saudi Arabia and Iran. Neither struggle is any of America's business.
Playing With The Big Boys: Warren Buffet says he has paid federal taxes every year since 1944, when he was 13, and that despite Donald's claim, he has not ever taken a carry-forward loss. He also donated $2,858,057,970 to charity but only took $3,469,179 in deductions and paid $1,845,557 in federal taxes. “Finally, I have been audited by the IRS multiple times and am currently being audited. I have no problem in releasing my tax information while under audit. Neither would Mr. Trump – at least he would have no legal problem.”
A Parting Shot:
Posted by Charles Kingsley Michaelson, III at 7:36 AM