Transatlantic Con Job

Right now, the Dow is down 700 or so on recession fears. Hopefully the president tweet-screaming stuff like this will calm the jitters:

“The Fed has got to do something! The Fed is the Central Bank of the United States, not the Central Bank of the World.” Mark Grant @Varneyco Correct! The Federal Reserve acted far too quickly, and now is very, very late. Too bad, so much to gain on the upside!

“So far, you’ve had Tariffs imposed on 300 Billion Dollars worth of Chinese products, but you can’t tell me that it has hurt our economy…& it really hasn’t led to any kind of serious rise in prices at the consumer level.” @Varneyco @FoxBusiness And we are taking in $Billions!

Tremendous amounts of money pouring into the United States. People want safety!

LOL! Meanwhile, the corrupt old shitbird commerce secretary had thoughts on tariffs earlier:

The question that elicited Ross’s droning response was whether Trump extracted any concessions from China in exchange for delaying the new tariffs he announced last week. The answer is no, he did not; Tariff Man blinked because even if he’s too stupid to realize it, his low-quality hires know tariffs on consumer goods raise prices for consumers, and a bad holiday season might finally derail the Obama economic recovery and, with it, Trump’s sole argument for reelection.

Speaking of lunatics and morons running economic policy, John Bolton met with Boris Johnson yesterday. Via the Beeb:

Mr Bolton said on Tuesday that the Trump administration supported a no-deal Brexit, and added Washington would propose an accelerated series of trade deals in the event of one…

He said there would be enthusiastic bipartisan support in Congress for speedy ratification at each stage.

Not so fast, said Nancy Pelosi today:

Democrat Nancy Pelosi, whose party controls the House, said the UK’s exit from the EU could not be allowed to endanger the Irish peace deal.

Her comments came after the US national security adviser said the UK would be “first in line” for a trade deal…

“Whatever form it takes, Brexit cannot be allowed to imperil the Good Friday Agreement, including the seamless border between the Irish Republic and Northern Ireland,” Ms Pelosi said in a statement on Wednesday.

Keep fucking that chlorinated chicken, Brexiteers. I’ll defer to UK jackals on the implications of Pelosi’s warning, but from what I’ve read, figuring out what to do about the Irish border is the stickiest of wickets. Sort of related:

Last week, John McDonnell, the Labour Party chief, said that if Johnson were to lose a no-confidence vote and still refuse to step down, he would reluctantly be forced to remind Her Majesty that she is, after all, the head of state. “I don’t want to drag the Queen into this, but I would be sending Jeremy Corbyn in a cab to Buckingham Palace to say we are taking over,” he told an audience at the Edinburgh Fringe Festival. Corbyn, the leader of the Labour Party, is a lifelong republican who declined to kneel before the Queen when he was appointed to her Privy Council. That he, of all people, might turn to the hereditary monarch to save Britain from its own government is yet another of the Brexit referendum’s hitherto unimaginable, and now entirely conceivable, consequences.

So, to recap, it appears that “conservative” idiots are attempting to ruin the economy on both sides of the Atlantic for no good reason, and their success in that endeavor is looking more likely by the day. I don’t know shit about economics, so maybe this is all nothing and everything will be fine. But looking at the personnel involved in the decision making doesn’t exactly inspire confidence.

Open thread.

Trump all up in the tubes

This White House proposal to regulate social media moderation could be one of the bloated, mangy shitgibbon’s mock-charges (via MIT Technology Review):

The news: A draft executive order would give the FCC oversight over how social-media platforms like Facebook and Twitter moderate their sites, according to CNN, which obtained a copy. Dubbed “Protecting Americans from Online Censorship,” the order calls for the FCC to develop new rules to define when the law protects tech firms’ decisions to take down content—and when it doesn’t. It also demands that the Federal Trade Commission take those new rules into account when investigating potential malpractice by companies.

The politics: This represents a major escalation in the Trump administration’s campaign against social- media firms, which he claims are biased against conservatives (despite a lack of evidence), and would be a vast expansion of the FCC’s responsibilities.

There’s a sound argument that Big Tech needs regulation to prevent bad things, such as social media being weaponized to subvert democracy or platforms chewing up user data to become marketing panopticons. But that’s not what this is about.

The proposed oversight is theater in response to made-up conservative grievances, like Trump-supporting clowns Diamond & Silk’s claim that Facebook was shadow-censoring them, which a Congressional hearing revealed was based on the sister-grifter duo’s ignorance about how user settings work. And Trump’s own periodic squealing about Twitter interfering with his follower count, which happened to coincide with Twitter’s occasional purges of bot accounts.

Anyhoo, let’s hope this is much ado about nothing. The last thing we need is that moron all up in the tubes. Speaking of moronic, Trump staged a taxpayer-funded MAGA rally in Pittsburgh a while ago and said an appallingly stupid thing about wind power:

“Some day the environmentalists are going to tell us what’s going on with that. And then all of the sudden it stops — the wind and the televisions go off.”

Jesus take the wheel.

Cold Grey Pre-Dawn Schadenfreude Open Thread: Bizarro-Trump Feels Badly Used


Read more

{Facepalm} Open Thread: Still Racist, After All These Years

There’s an old British joke about advertising understatement: Does what it says on the packet:

President Trump cracked jokes about the Equinox scandal, the old days of rent-controlled New York and his dealings with North and South Korea among deep-pocketed pals in the Hamptons on Friday.

Trump was feted at two big-money fundraisers — first a lunch for 60 hosted by real estate guru Stephen Ross, whose company owns Equinox and Soul Cycle. Then Trump talked for an hour to a crowd of 500 at the sprawling Bridgehampton home of developer Joe Farrell. The two events raised a total of $12 million.

After Equinox members revolted over Ross’ fundraising for the president, with many threatening to cancel memberships, Trump said he had joked with Ross about how divided the nation is.

Noting the relentless attacks on himself by the media, Trump quipped, “Steve Ross got into a little bit of trouble this week, I said, ‘Steve welcome to the world of politics!’ ”

Of his fundraising visit, Trump went on to say, “I love coming to the Hamptons, I know the Hamptons well, everyone here votes for me but they won’t admit it.”

And of his tough stance on trade tariffs and US military aid, Trump told a story of going as a boy to collect rent checks with his father, adding, “It was easier to get a billion dollars from South Korea than to get $114.13 from a rent-controlled apartment in Brooklyn, and believe me, those 13 cents were very important.”…

Even while the Squatter-in-Chief’s minions are frantically trying to repair the damage to his ‘brand’Look, his old man actually marched with the KKK, give our guy some credit here! — Pus-olini* can’t resist a little dominance posturing. Steve Ross is actually losing business since it leaked that he was sponsoring this fundraiser (as Josh Barro points out in NYMag, it’s dangerous to *his* brand), but Trump has to proclaim himself Top Ape among the financial silverbacks, for the first and probably last time in his long history of failures and bankruptcies…

If only they’d written a “very beautiful letter” to His Toxicity:

*thank you, Betty Cracker!

Epstein Dead

From ABC:

Am I the only one who smells a rat?