Archive for June, 2024

Econ 101

As we all know, no institution is more radically progressive, left-wing, and woke than Moody’s Analytics. Sure, they conduct objective analyses and offer insights to businesses about financial risks, but the facts have a well-known liberal agenda, and helping major corporations navigate issues is just the kind of thing that a lefty would do.

Yes, I’m spewing nonsense, but I’m trying to help our Republican friends figure out how to denigrate and dismiss the latest report from a respected, conservative institution that their presidential nominee’s economic policies are idiotic beyond restoration.

You see, Moody’s Analytics recently compared the economic promises of Joe Biden and Donald Trump. The study concluded that “a second Biden presidency would see cooling inflation and continued economic growth [while] a Trump presidency would be an economic disaster.”

How can this be? Polls show that more Americans trust Trump on economic policy, and a majority view the Trump years as successful. Well, on the first point, Republicans have never (as in never never never) been better at handling the economy than Democrats. And on the second point, Trump left office with the economy in a crater and fewer jobs than he started with. So maybe Americans don’t know what they’re talking about on this topic.

According to Moody’s Analytics, the convicted felon who fronts the GOP has promised to slash taxes on the wealthy, increase tariffs across the board, and deport 11 million immigrant workers. These policies would trigger a recession by mid-2025, increase the costs of consumer goods, boost inflation, eliminate over 3 million jobs, increase the unemployment rate, and add trillions to the national debt.

What’s not to love about that?

The chief economist of Moody’s Analytics said, rather plainly, that “Biden’s policies are better for the economy.”  

I told you they were left wing.

But if you still want to dismiss this report as liberal fear-mongering, consider that studies show that Trump “continues to suffer from the lowest level of corporate support in the history of the Republican Party,” despite the fact that an estimated 60 to 70 percent of chief executives are registered Republicans. It’s almost like these guys, who live for tax cuts and prize the bottom line over everything, are recognizing that enacting the half-baked notions of an addled criminal with multiple bankruptcies is a little disconcerting for business.

According to the historian Heather Richardson, the GOP is made up of “MAGA extremists and junior varsity opportunists” who are waving “red flags to business leaders.”

To be clear, these fat-cat execs don’t give a damn about wealth inequality, the rights of ethnic minorities, or democracy. But they do care about money. And if even these guys are shouting, “Don’t vote for this lunatic or the economy will collapse,” maybe we should pay attention.

Oh, and sixteen Nobel Prize-winning economists have signed a joint letter stating that “Joe Biden’s economic agenda is vastly superior to Donald Trump’s” and that GOP proposals are “fiscally irresponsible.”

 But none of those guys are stable geniuses, are they?


The Big Swing

Here’s an interesting statistic for you: 

When pollsters asked Republicans in April whether someone convicted of a felony should be allowed to be president, just 17% said yes. But when the same pollsters asked Republicans the same question this month, 58% said yes.

That’s a 41-point swing, from fringe idea to majority opinion, in mere weeks. I wonder what happened in the time between the question being asked again. Yeah, that’s a stumper.

I also wonder how anyone can say with a straight face that Republicans are a serious political party with ironclad principles. Maybe next you’ll tell me that they are not in a cult.

In any case, I will be offline next week, but I will resume posting the following week. Until then, make sure that nothing interesting happens because I don’t want to miss it.

Thanks


Felonious

What more can we say?

We have the first ex-president to be convicted of a felony (or 34 of them, as the case may be).

We have the first convicted criminal to run for president under the banner of a major political party.

We have that political party, which long championed “law and order,” now saying law and order is no big thing, or more likely, doesn’t apply to them.

We have religious conservatives, who want us all to worship Jesus or have our citizenship stripped, lining up to proclaim the holiness of a man who paid a porn star to keep quiet about his infidelity to his third wife.

We have half of Congress insisting that Americans can no longer trust the courts, the electoral process, or any political institution that doesn’t align with the whims of their jabbering, addled messiah.

We have conservatives who told us that “This should be decided at the ballot box” then when the voters decided, changed it to “If he broke any laws, let a jury decide,” then after a jury decided, changed it to “This should be decided at the ballot box” in a circle of mesmerizing gaslighting.

We have people who don’t even know what the charges were screaming that he is innocent of whatever they charged him with, while conservatives who know the law perfectly well proclaim that the law is not what it actually is.

We have a man who “has spent decades on the edge of legal trouble,” whose life goals consist of delaying legal problems for as long as possible in the assumption that he could ride it out, who has finally been judged a criminal.

And we have pollsters telling us that this, like every development under the sun, will inevitably be bad news for Democrats.

We have all this and more.

And we have nine undecided voters in swing states who have actually changed their minds.

Hey, it’s something.


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