Even if you take the conservative defense of each ICE killing, you’re left with “We haphazardly scaled up a poorly trained police force to storm into neighborhoods that voted against the president, where we antagonize the local population until someone resists arrest, and then we kill them,” which is morally horrendous on top of being an absurd way to do immigration policy.
So you’re telling me we got the rest of the world to do the lowest value, lowest profit margin, most capital intensive, and most cyclical parts of economic activity.
And in exchange, they gave our companies the cheapest priced goods in the world to resell and thrive off of. Which then gave our companies the time to pursue the actual high value parts of economic activity (you know, like Silicon Valley, Wall Street, military R&D, etc).
And all we had to do was give them IOU’s for an imaginary currency unit that we would only ever pay them back in worthless real terms in, if we ever repaid them at all.
And… we were the ones that demanded this system come to an end?
The benefit of Donald Trump’s approach is that we now understand who are sycophants who will find a way to praise him no matter what, no matter how clear it is he has no real plan, and no matter how much damage and chaos he creates for Americans and the world.
It’s hard to articulate how stupid this situation is.
Our fat idiot president sits in the White House watching Fox News all day and bankers try to send him bat signals to not drive the economy off a cliff
Just to summarize what’s happened in the last few weeks:
They concocted this whole thing based on a fundamental misunderstanding of the global economy. They think manufacturing jobs will come back (they won’t). They think free trade made us poor, when it actually made us rich. They think the current account deficit is unsustainable when it’s a rounding error in our aggregate net worth and also accretive to our net worth. They think being the reserve currency is bad when it’s a sign that everyone wants to do business with us. And they think poor foreigners were taking advantage of us when we’re the richest economy in human history.
And to "fix" all of these "problems" they implemented the one policy idea that almost every economist alive says is bad.
And then when they implemented that idea they misunderstood the math behind the rationale and came up with numbers that were irrationally huge. So they had to backpedal.
And when bond yields moved a tiny bit higher they panicked and "fixed" all of this by making the numbers slightly smaller, but they clearly hadn't done the math again because the numbers are still way bigger than any economist would ever recommend they be. Then they patted themselves on the back because of intraday moves in stocks while an economic hurricane continues to barrel towards us because they have no idea what they’re doing.
Amazing stuff.
Thanks Jeff Lawson for buying the Onion so we could get this great zoom in on electoral coverage. No other news source has gone to this level of detail.
My favorite example demonstrating the human capital gap between the parties.
In his second term, Obama appointed Ernest Moniz as Secretary of Energy. He was a professor at MIT known for developing its Energy Initiative and the director of the Laboratory for Energy and the Environment.
Moniz had earned his PhD in theoretical physics from Stanford, and his dissertation used mathematical modeling and quantum mechanics to understand the forces governing nuclear systems.
Trump replaced Moniz with Rick Perry, who had a bachelor's degree from Texas A&M. While enrolled, he received a C in history, a D in principles of economics, and an F in organic chemistry. Perry also received a C in gym and even a D in veterinary anatomy, despite his major being animal science. Perry did so poorly that at one point he was put on academic probation.
His most famous moment in running for president was when he couldn't remember the names of the three agencies he wanted to cut.
Conservatives who talk all the time about the importance of merit should think about this more often.
Yet another case where the federally appointed USAO for the District declined to prosecute a dangerous driving crime in the city https://t.co/HdQ5wJ15en
TIM WALZ: I'd put Bob Seger's catalogue up there against anybody else's.
JD VANCE: People who use libraries should be sterilized.
RFK JR.: Bigfoot is real and I shot him with a crossbow in 1997.
The "Ship of Theseus" article has been edited 1792 times since it was created in July of 2003. At present, 0% of the phrases in the original article (seen below) remain.
Good evening, Twitter! I’m spending my Friday night in the affluent Bay Area suburb of Millbrae, where the county is presenting a plan to turn a hotel into ~100 homes for unhoused residents.
It appears that the entire city is here, and they are *pissed*. 🧵
A disturbing crime wave hit San Francisco this week.
Tech leader Bob Lee was stabbed to death, cyclist Ethan Boyes was killed by a speeding car, and former fire commissioner Don Carmignani was brutally beaten by homeless addicts.
If this isn't a wake-up call, what will be?