With the psychotic Gish Gallop of unconstitutional, catastrophically stupid, and morally leprous things cascading out of the joint administration of Convicted Felon Donald J. Trump and Unelected Co-President Elon “Sieg Heil” Musk and their minions, lackeys, cronies and slaves these days it can be hard to keep track of it all. The last time this cancerous tumor on the American body politic was in office I posted running lists of things so they wouldn’t be forgotten – and to register the simple fact that I do not accept any of it – and it looks like I’m back to that again. MURCA!
My goal is to quarantine these things in these posts because they do need to be said but otherwise I will never write about anything else.
This is Part 2 of the post I put up on Saturday, because by Zeus there is just so damned much to cover right now.
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1. Have you ever wanted to watch a prosperous and secure nation collapse from self-inflicted wounds? Yes, you say? Well, have I got the timeline for you! We are watching the end of the American experiment live and in real time this year both politically and, it turns out, economically. Last October The Economist ran a cover story that called the American economy “the envy of the world.” Unemployment was low, investments were rising, and thanks to the policies put in place by Joe Biden and his administration the US had recovered from the dislocations of the pandemic faster and more thoroughly than any industrialized nation on earth. And in a mere three months, Convicted Felon Donald J. Trump and his crew of cannibals have destroyed all of that and then some. If this were a movie there wouldn’t be enough popcorn in the world to cover it, but since real lives are on the line and are already being lost because of this the humor wears thin pretty quickly.
2. Last week Convicted Felon Donald J. Trump went on live television to destroy the global economy. In a bizarre and stunted performance, he waved around a poster-sized graphic containing the names of a number of countries and some numbers that were apparently pulled from deep inside the lower intestine of some random administration flunky and then announced that he was unilaterally imposing punitive tariffs on, well, the entire world except for Russia because they’re special. The reactions from economists and global leaders were swift and unanimous. “Idiotic,” said one. “Worse than the worst case scenario” said another. “This is not a serious trade policy or a grand strategy” said economic historian Adam Tooze. Seriously – outbreaks of communicable diseases have gotten more support from experts than these tariffs.
3. The people who actually know how money works were horrified. Markets all over the world crashed. The Dow Jones lost over 3900 points in two days – more than 9% of its total value. The S&P 500 lost more than 10% of its value. NASDAQ lost over 11%. All of this meant the disappearance of trillions of dollars of wealth, and this was coming after the worst quarter for American stocks since 2022 as Convicted Felon Donald J. Trump’s policies had already led to sharp declines in the weeks since he was inaugurated. NASDAQ is fully into bear market territory, down more than 20% since December, and the Dow is in correction. I hope you weren’t counting on that 401k to see you through retirement! Maybe get a burger with it.
4. On top of that global investors are dumping the dollar, which has fallen to a six-month low and is in danger of losing its status as the world’s reserve currency, in which case the US economy will collapse. Deutsche Bank is now warning clients to “beware of a dollar confidence crisis.” The dollar’s reserve currency status allows the United States to have far more flexibility with its finances than any other nation on earth and also allows the US to leverage the power of its currency as part of its national security. Pissing that away is going to cost us dearly.
5. Plus the latest economic forecast I looked at said that we face a 60% likelihood of hard times happening this year (i.e. more likely than not) thanks to Convicted Felon Donald J. Trump and his policies. Consumer confidence – the key statistic in a consumer economy such as the one the US has had for a century now – is down 30% from where it was the day before Convicted Felon Donald J. Trump was elected and is now at its lowest level in twelve years, anticipated inflation for the coming year was already expected to be over 6% even before the tariffs (which will make that much, much worse), and domestic manufacturing is actually contracting. US banking is heading for a crisis, with over a hundred billion dollars in “unrealized losses” this year, which at the minimum means the financial markets are heading for a major downturn. For those of us who remember the 1970s, all of this adds up to stagflation, a particularly difficult economic problem to solve even for people who actually know what they’re doing and such people do not work for Convicted Felon Donald J. Trump. He did say he’d run this country like a business and it’s just too bad that so many of his businesses go bankrupt – the man managed to bankrupt his own casino, for crying out loud, which is very hard to do when you think about it – and we’re just the next one to fall.
6. Well, yeah.
My goal is to quarantine these things in these posts because they do need to be said but otherwise I will never write about anything else.
This is Part 2 of the post I put up on Saturday, because by Zeus there is just so damned much to cover right now.
--
1. Have you ever wanted to watch a prosperous and secure nation collapse from self-inflicted wounds? Yes, you say? Well, have I got the timeline for you! We are watching the end of the American experiment live and in real time this year both politically and, it turns out, economically. Last October The Economist ran a cover story that called the American economy “the envy of the world.” Unemployment was low, investments were rising, and thanks to the policies put in place by Joe Biden and his administration the US had recovered from the dislocations of the pandemic faster and more thoroughly than any industrialized nation on earth. And in a mere three months, Convicted Felon Donald J. Trump and his crew of cannibals have destroyed all of that and then some. If this were a movie there wouldn’t be enough popcorn in the world to cover it, but since real lives are on the line and are already being lost because of this the humor wears thin pretty quickly.
2. Last week Convicted Felon Donald J. Trump went on live television to destroy the global economy. In a bizarre and stunted performance, he waved around a poster-sized graphic containing the names of a number of countries and some numbers that were apparently pulled from deep inside the lower intestine of some random administration flunky and then announced that he was unilaterally imposing punitive tariffs on, well, the entire world except for Russia because they’re special. The reactions from economists and global leaders were swift and unanimous. “Idiotic,” said one. “Worse than the worst case scenario” said another. “This is not a serious trade policy or a grand strategy” said economic historian Adam Tooze. Seriously – outbreaks of communicable diseases have gotten more support from experts than these tariffs.
3. The people who actually know how money works were horrified. Markets all over the world crashed. The Dow Jones lost over 3900 points in two days – more than 9% of its total value. The S&P 500 lost more than 10% of its value. NASDAQ lost over 11%. All of this meant the disappearance of trillions of dollars of wealth, and this was coming after the worst quarter for American stocks since 2022 as Convicted Felon Donald J. Trump’s policies had already led to sharp declines in the weeks since he was inaugurated. NASDAQ is fully into bear market territory, down more than 20% since December, and the Dow is in correction. I hope you weren’t counting on that 401k to see you through retirement! Maybe get a burger with it.
4. On top of that global investors are dumping the dollar, which has fallen to a six-month low and is in danger of losing its status as the world’s reserve currency, in which case the US economy will collapse. Deutsche Bank is now warning clients to “beware of a dollar confidence crisis.” The dollar’s reserve currency status allows the United States to have far more flexibility with its finances than any other nation on earth and also allows the US to leverage the power of its currency as part of its national security. Pissing that away is going to cost us dearly.
5. Plus the latest economic forecast I looked at said that we face a 60% likelihood of hard times happening this year (i.e. more likely than not) thanks to Convicted Felon Donald J. Trump and his policies. Consumer confidence – the key statistic in a consumer economy such as the one the US has had for a century now – is down 30% from where it was the day before Convicted Felon Donald J. Trump was elected and is now at its lowest level in twelve years, anticipated inflation for the coming year was already expected to be over 6% even before the tariffs (which will make that much, much worse), and domestic manufacturing is actually contracting. US banking is heading for a crisis, with over a hundred billion dollars in “unrealized losses” this year, which at the minimum means the financial markets are heading for a major downturn. For those of us who remember the 1970s, all of this adds up to stagflation, a particularly difficult economic problem to solve even for people who actually know what they’re doing and such people do not work for Convicted Felon Donald J. Trump. He did say he’d run this country like a business and it’s just too bad that so many of his businesses go bankrupt – the man managed to bankrupt his own casino, for crying out loud, which is very hard to do when you think about it – and we’re just the next one to fall.
6. Well, yeah.
7. None of this should have been any surprise. First of all, mass tariffs always do this. This is the third time that the US has imposed this kind of irresponsible wall of tariffs on the rest of the world – it seems to be something we do roughly every hundred years, as the people who remember how poorly it turned out die off and nobody remembers just how bad it was. We tried it in 1828. We tried it again in 1930. Both times it destroyed the economy and led to a decade of privations and hardship, and this time the tariffs are higher than either of the previous tariffs at a time when global trade is a much bigger part of our economy. But hey – third time’s a charm, right?
8. The tariffs imposed in the 1890s could possibly be included in this rubric as well, since they’re the ones put in place by McKinley that Convicted Felon Donald J. Trump keeps yammering on about. You know what happened with those? Yes! The collapse of the economy! Yeah, it’s a pattern.
9. Second, even if you support tariffs – which some economists, surprisingly enough, do, because in a nation of over 330 million people you can always find a couple dozen people who believe anything – the fact is that these were imposed in quite possibly the most irresponsible and slapdash way possible. If you’re going to do this you need to be very careful about how you do it, you need to be very precise in what you include and what you don’t, and you need to be very accurate in how you determine the rates. None of that happened here. The numbers for these tariffs are completely imaginary. Convicted Felon Donald J. Trump’s method of determining how much tariff to impose on a country was to take our trade deficit with that country and divide it by that country’s exports to us. This is how he decided that Indonesia was charging us a 64% tariff on goods, which is hallucinatory as is the idea that the EU is somehow charging a 39% tariff on US goods. South Korea, with whom we have a trade agreement, is not charging us 50% tariff. None of those numbers are real. None of this is real. And then the Solons in this regime decided that the US tariff would be half of whatever that number was, with a floor of 10%. Every competent economist in the world is probably either drunk or dead of a heart attack now just from the sheer random stupidity of this. Furthermore, the tariffs were not imposed on specific goods or even categories of goods the way properly targeted tariffs work – they were simply imposed on nations as a whole. Given that this is the crew that thought waving a chainsaw around a stage was a genius move, nobody should be surprised by that.
10. And you know what? They not even by nation! No! This fucking idiot and his simpleton regime imposed them by top-level internet domain. They just used ChatGPT or something similar to generate a spreadsheet based on domain names and went with that. This is why, for example, Reunion (.re) is listed separately from France and Gibralter (.gi) is listed separately from the UK. It’s why Heard Island and McDonald Island are listed separately from Australia. Australia’s Norfolk Island, which does not actually export anything to the US according to its administrator, George Plant, got hit with a 29% tariff – nineteen percentage points higher than the one Australia itself is being charged with. And neither Heard Island nor McDonald Island have any human habitation living there at all – both are about 2500 miles southwest of Australia, accessible only by a seven-day voyage from Perth, and neither has been visited by a human in nearly a decade. The only inhabitants are penguins. Seriously – how brain damaged is this regime?
11. The penguins are not amused.
Peace was never an option.
12. Also, just for shits and giggles (as my dear grandmother used to say), Convicted Felon Donald J. Trump has imposed a 10% tariff on all goods coming from the Chagos Islands, a remote chain of islands in the central Indian Ocean. Is anyone going to tell him that since 1971 the only human inhabitants of the Chagos Islands have been American military personnel at the US Navy base on Diego Garcia? That’ll show the Navy, won’t it.
13. The thing about the tariffs is that they cannot work as Convicted Felon Donald J. Trump says they will. They can’t. It is logically impossible for them to do so. His regime is making two claims to justify this nonsense: 1) that it will raise six trillion dollars for the federal government over the next few years from countries paying the tariffs, and 2) that it will lead to a renaissance in American manufacturing as American consumers turn to domestically produced goods. Leaving aside the obvious – that these tariffs will not be paid by the originating country but rather will be paid by you, the American consumer, so if you thought these tariffs looked suspiciously like the largest peacetime tax increase in American history then congratulations, you get a star – these things are mutually exclusive. Either a flood of imported goods continues to come in so we can collect the tariffs from whoever is paying them – which means that American consumers will continue to purchase imported goods at rates equal to or exceeding what they did before the tariffs and there will therefore be no actual increase in domestically produced goods – or Americans will turn to domestic goods which will somehow magically start to be produced in sufficient quantity to satisfy current demand, in which case the amount of tariffs collected falls to zero so there won’t actually be that six trillion dollar windfall. One or the other. It's possible that neither will happen – it will take a minimum of four to ten years for American manufacturing to gear up to that level and in the meantime consumer demand will likely decline sharply due to the prohibitive costs of goods as importers pass along the cost of the tariffs to the end purchaser, or as inflation skyrockets as consumer demand holds up but manufacturers can’t supply it – but both? No. Reality doesn’t work that way. Whatever they’re smoking I hope they brought enough to share.
14. The sheer slipshod stupidity of these tariffs raises the possibility that the stated economic reasons for imposing them are not actually why they’re being imposed. And that, if you pursue it to its logical conclusion, is a daunting prospect indeed. Senator Chris Murphy recently explained that the point of these tariffs is not to generate income or spur American manufacturing, but rather to collapse American democracy in a way that the Founding Fathers would have understood intuitively.
The Founders lived in a world of classical republicanism, not Lockean liberalism, and for long and complicated reasons that I’ve explained on this site before one of the biggest fears of classical republicanism was that the monarch – the executive, in other words, which in the American context translates as the president – would use his taxation power to bankrupt his opponents and impose tyranny. That’s why the Founders put the power of the purse in Congressional hands, not the President’s. We don’t believe in classical republicanism anymore – haven’t since 1820 – but that doesn’t mean it’s wrong.
15. Another thing that is frightening if you follow the breadcrumbs a bit is the fact that tariffs are only supposed to be imposed by Congress, but Convicted Felon Donald J. Trump recently declared a national emergency under the International Emergency Economic Powers Act which gave him authority over international trade and allowed him to impose these tariffs unilaterally. But as the Alt National Park Service explained, once the president invokes the IEEPA like that, the law grants access to a host of other expanded powers that aren’t necessarily connected to the original emergency (if there ever was one) but which can be used by the president for his own political ends. For example, by invoking the IEEPA Convicted Felon Donald J. Trump now has the power to:
a) take control of all telecom infrastructure, including radio, television, and internet.
b) freeze the assets and accounts of anyone he accuses of aiding foreign threats, which are undefined and can be applied to pretty much anyone he doesn’t like.
c) deploy the US military to suppress dissent, without the consent of the states.
d) arrest and detain any noncitizen for any reason for any length of time
e) seize control over all energy production and transmission, and as part of that seize control over US airspace
f) suspend all labor unions, regulations, and contracts for any federal worker or any industry deemed necessary for national security, a term that is not defined in the law and can mean whatever he wants it to mean
g) authorize warrantless searches and seizures, impose gag orders, and suppress dissent that way as well.
This is the beginning, folks. Not the end. Watch your back and look out for one another, because it’s going to get ugly.
16. Remember the quiet times of the Biden years? Good times, weren’t they?
17. Meanwhile, in Congress, the GOP is using the chaos of the tariffs (among other things) to push their own economic agenda through. Some of it is the usual cruelty that they delight in, such as overturning the Biden Administration’s rule capping bank overdraft fees at $5 – a rule that was expected to save American consumers some five billion dollars this year, but we can’t have that money not flowing into the pockets of the wealthy so they’re going to raise the fees that people who have already demonstrated that they don’t have the money to pay fees will have to pay. There’s also the tax plan that they’re pushing, which will have the same impact that every GOP tax plan ever has. Taxes on the rich will go down while taxes on everyone making $360,000/year or less will go up. And income will follow suit. Are we great yet?
18. You know what this economy needs? More child labor, amiright? Assholes.
19. Don’t forget the ongoing assault on Social Security being conducted by Unelected Co-President Elon “Sieg Heil” Musk, folks – that’s still going on. They can’t get rid of it completely without getting Congress to go along with it – something nobody in Congress would agree to, since it is a) a critical piece of American society, allowing the elderly to avoid descending into poverty as was common prior to Social Security being implemented, and b) something near and dear to the hearts of the most numerous GOP voting bloc. But there are ways to get around it. Unelected Co-President Elon “Sieg Heil” Musk has labeled it a Ponzi scheme that needs to be destroyed – he’s the richest man in the world, and poor people are desperate people who will cause him no trouble – and he’s unleashed his feral teenagers on its systems. Some of this is illegally accessing the date on their computers (I hope you have your credit frozen, because – as a friend of mine in IT told me – there isn’t enough popcorn in the world for the flood of identity theft that’s going to result from that). Some of it is just making random bizarre claims such as the idea that there are 150-year-old people getting Social Security checks, which is what happens when self-satisfied tech bros can’t read COBOL. And some of it is just trying to backdoor the destruction of Social Security by making it collapse from within. Unelected Co-President Elon “Sieg Heil” Musk has implemented all sorts of changes designed to make the web site crash, make it difficult or impossible to access information or staffers, and generally prevent people from claiming the money they’ve been paying taxes for decades to receive. Like so:
20. Also, just in case you thought Unelected Co-President Elon “Sieg Heil” Musk had a soul or any redeeming qualities whatsoever, he discovered that there were children between 8 and 11 receiving Social Security benefits which he publicly declared were business loans and then ordered his feral teenagers to cut off those benefits. Except they were survivor benefits that these children were fully entitled to receive. Let’s put that another way: Elon Musk stole money from orphans. The guy is a fucking cartoon.
21. One thing to keep in mind is that the GOP’s long term goal of this assault on Social Security – as it has been since Reagan was in office – is to destroy the program and throw Americans out into the stock market so they have to create their own retirement accounts, which will of course provide a windfall of money to precisely the sorts of finance bros and wealthy fund managers who support the GOP. Did you notice what happened with the stock markets this week? You know what didn’t lose 10% of its value because of Convicted Felon Donald J. Trump’s dimwitted tariffs? The Social Security Trust Fund.
22. In other domestic news … oh … what the hell? Seriously?
23. Let’s start with the fact that Convicted Felon Donald J. Trump (or maybe Unelected Co-President Elon “Sieg Heil” Musk – it’s hard to tell sometimes) canceled food aid for nonprofits such as the Food Bank of Delaware – nineteen truckloads of food ready to be delivered to provide over 900,000 meals for hungry Americans. One in eight people in Delaware deal with food insecurity and food banks across the nation are already stretched to their breaking point but you know, fuck those people I guess. This is part of the slashing of the Department of Agriculture’s local food programs that supported local farmers and communities, with over a billion dollars cut. Much of that food will now go to waste. But hey – those tax breaks for billionaires won’t pay for themselves, after all.
24. Seriously, they won’t. Supply side economics doesn’t work in a demand side economy. It’s just math. All of this is just oligarchy stealing everything that isn’t nailed down.
25. They’re also planning to destroy Medicaid – the health program that millions of Americans (especially in blood-red rural areas) rely on because the American health care system is the least efficient and most costly in the world. The GOP has been the Party of Performative Cruelty for decades now, and while there is a certain schadenfreude that comes with watching the people who continually put them into office face the consequences of their own actions, the fact is that treating people as expendable tools in an ideological war is immoral.
26. Convicted Felon Donald J. Trump also issued an edict late last month claiming to invalidate union contracts for two thirds of the federal workforce – roughly 700,000 employees. Leaving aside the questionable idea that he actually has that authority, the fact is that this is another immoral assault on ordinary working Americans as well as the economy overall. Unions are tools that turn working class labor into middle class consumers, and they are very good at it. If you want prosperity, you’ll support unions. If you don’t, you won’t. It genuinely is that simple.
27. The regime is also planning to get rid of FEMA as early as October 1. “We’re going to eliminate FEMA,” said Department of Homeland Security Secretary Kristi Noemi, who once proudly declared that she shot her own dog so why she was put in charge of an agency designed to help people in need is an interesting question. To all of you facing hurricanes, tornadoes, floods, and the increasing destructiveness of a climate that is changing rapidly and violently, I guess you are just going to have to suck it up because your government just abandoned you.
28. Health Secretary Brain Worms continues to spread misinformation and lies designed to kill people. Doctors in areas where measles is spreading (and a dismal failure of leadership that is just to start) are reporting that children coming in with the disease are also presenting with liver failure because Secretary Brain Worms is pushing the idea that vitamin A can cure measles. Vitamin A is toxic in large doses and can cause liver failure. I suppose it makes sense that this guy was hired by the same president who told us to put bleach up our asses to cure Covid, but that doesn’t really help much.
29. Meanwhile Convicted Felon Donald J. Trump and Unelected Co-President Elon “Sieg Heil” Musk continue their war on women. I hope you or the women you know are in the lucky group that doesn’t have to deal with this, but if you are just know that your government just abandoned you too.
30. Get ready – it’s coming.
31. The Culture War continues apace. The GOP continues to persecute trans people because they don’t fit into the mindlessly simple version of gender that the American right is pushing. Folks, gender is complicated and people should keep their minds on their own genitals thank you very goddamn much. Look – if you’re in a public restroom staring at someone else’s dick, the pervert in the room is not them.
32. Yes, it really is complicated.
33. It’s fun when the tables get turned, though.
34. More importantly, it’s good when real leaders step up and declare that they will not stand for this kind of twisted immorality.
35. You know, people have noticed this assault on their nation and everyone in it. They really have. Over 1900 members of the National Academies of Sciences, Engineering, and Medicine – you know, the experts who actually keep this nation moving forward – have signed a public letter warning Americans about the regimes assaults on their fields. “We see a real danger in this moment,” they said. “We are sending this SOS to sound a clear warning: the nations scientific enterprise is being decimated.
36. Meanwhile the Evangelical Lutheran Church of America published a letter condemning the regime as a threat to religious liberty. Apparently Convicted Felon Donald J. Trump published an edict in February establishing a “Task Force to Eradicate Anti-Christian Bias” because a faith that has buildings on almost every street corner in the US is clearly being persecuted. To quote the bishops:
We believe this executive order is a threat to the religious pluralism enshrined in the Constitution and does not actually protect Christians. Instead, this order aligns the federal government with Christian Nationalism, a dangerous conflation of fundamentalist Christianity, conservative politics, and fierce patriotism that distorts what it means to be an American citizen and an engaged Christian in society.
With this executive order, the federal government has given itself the authority to determine what might be considered “anti-Christian,” and therefore also the author to determine what is Christian — a power which belongs to the Church alone, not the federal government. This executive order violates religious freedom, corrupts the separation of church and state, and creates a more hostile environment for Christians and all citizens who believe differently than the current administration and its religious advisors.
Christian Nationalism is a dangerous ideology that distorts the Gospel and turn Jesus and Christianity into a weapon for power and division instead of a movement towards love and justice. It demands that a particular brand of Christianity be privileged by the state and impose that singular belief system in order to be a “good American.”
This is something the Baptists figured out in the 1770s. Read Isaac Backus if you want – it’s enlightening, and it would be good if more religious leaders understood the threat that the combination of religion and state authority represented.
37. Here in Wisconsin, Unelected Co-President Elon “Sieg Heil” Musk tried to buy a Supreme Court election for his preferred candidate – dropped over $20 million of his own money, and it is obscene that he’s even allowed to do that – and still lost by over 10 percentage points because Wisconsinites have had enough of this. He even offered quid pro quo money to voters if they would vote for his guy and still failed. Every county in Wisconsin shifted left in this election. A more comprehensive “fuck you” could not have resulted.
38. To his credit, the guy Unelected Co-President Elon “Sieg Heil” Musk wanted to install accepted his loss gracefully and even shut down the conspiracy theorists at his election night event who tried to claim it was rigged. This was once a baseline expectation in American politics but now it is noteworthy. Progress is made in small steps.
39. Yesterday an estimated 5.2 million Americans – almost 2% of the entire population – took to the streets to protest the systematic destruction of their nation. That’s a lot of people. Look folks – historically any revolution that gets the active support of 3.5% of the people has succeeded. We’re about halfway there.
40. It’s going to be a long haul, though. Fixing this mess will be the work of generations and I likely won’t live to see it. But we have to start somewhere.