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Muldoon: A Last Limerick
NeverTrump hero Evan McMullin: Hillary Clinton is right, Tulsi is a Russian agent
Everyone who disagrees with the liberal DC consensus is a Russian, a Racist, or a Russian Racist.
Dancing in the Streets, No Music Silent Video Version
Really funny. It's old, but still funny.
Mitt Romney, who is America's number one geopolitical foe, claims Turkey is a "small country"
Kyle Sheideler responds that he is anti-Turkey and doesn't wish them to be a part of NATO, but Mitt Romney should stick to giving gay kids haircut rapes, because Turkey has the second largest army in all of NATO, after only the US. If that's "small," what would "big" be?
When I was in Beirut, I was surprised to learn that Arabs felt insecure because there was not a single Arab great power capable of doing much more than defend its own borders (if even that). No Arab powers-- not even in the Middle East? No, I was told by a professor. There are three great powers in the Middle East, but not a single one of them is Arab. One is Israel -- obviously not Arab. One is Iran. They're Persians. And one is Turkey, who are not Arabs but Turks.
Anyway, it's strange to hear Mitt Romney, America's Number One Geopolitical Foe, get something so absurdly wrong as to call Turkey, one of the three Great Powers of the Middle East, a "small country" that we don't need to pay no mind to.
Quick funny story from Tim Pool, explaining why social media "fact-checking" is trash -- it's because they rely on trash outlets, like CNN and MSNBC (and the SPLC and Snopes!), to decide what is true and what is not true, despite CNN and MSNBC being absurdly biased and wrong more often than right.
The quick story he tells (about a minute long) is about Wikipedia's insistence that he himself "invented a zeppelin" -- something some trash outlet made up. It's not derogatory -- who wouldn't want to be credited as a zeppelin inventor? -- but it's completely false and without even a some distorted factual basis.
But no matter how many times Pool tells them "I never invented any zeppelin, you should delete that," they keep the false zeppelin-inventing biographical point, because Tim Pool is not considered a "credible source" on Tim Pool's zeppelin-inventing career or lack of same.
HuffPo says you invented a zeppelin, and who are you compared to the warriors of truth we know as HuffPo?
PBS "News" Hour "journalist" is very, very angry that Trump... posted a respectful remembrance of Elijah Cummings?
Psst, little open secret: It's the Paul Ryan types who keep PBS and NPR funded. Everything for the Suburban Wine Moms.
Video about your eyes' and brain's own color-correction function -- in other words, explaining the "What Color Is This Dress?" controversy
Even if you remember the gist of the explanation about the blue-black or white-gold dress, this video is still sort of illuminating (pun intended)
They gimmicked up another case of colors looking different to different people. This video can help you see something in ambiguous lighting in two different ways.
By the way, it worked for me.
SJW Fascist: Let's ban children's Stormtrooper costumes Because Nazi and Because Trump
This is inspired by Ivanka Trump's son wearing the costume. Now it's #problematic and must be #cancelled.
Tim Pool: YouTube is suppressing all videos which mention James O'Keefe's sting videos, imposing Chinese-style speech restrictions to make James O'Keefe officially Unmentionable and erased from all public discussion
All hail our Social Media Monopoloy Overlords. Who just happen to be working to protect Legacy Media Overlords.
Tim Pool also notes in this video that Twitter is refusing to give primary challengers a Blue Check, which the incumbents already have, delivering a huge advantage to incumbents and a big disadvantage to challengers.
Cvckshed Query: My girlfriend is going to meet her favorite niche-band rock-singer from the 90s, and then she's going to fvck him until she sees crooked and can't walk right. Am I being a dick for being upset about this?
Hmm, the letter is signed "Definitely not JG [insert Simpsons reference]."
I wonder what that cryptic hint could mean. oh well I guess we'll never know.
Vid: "Hysterical" and emotional child Greta Thunberg needs to grow up some
Someone else made this point: Greta Thunberg is a sixteen year old girl. Yet her parents insist on dressing her as if she's 8. Including the little-girl braids. Is this part of the stagecraft?
The CW's heavily-promoted Batwoman -- a character blurbed by the network as "armed with a passion for social justice and a flair for speaking her mind" -- plummets in second week ratings, becoming the CW's lowest-viewed superhero show
Supergirl, which I also hear is a #WokeFest, also tanked in ratings.
I'm going to guess all of these shows are slipping in ratings. They're just not good. Update: Yup. The Flash show dropped in ratings too.
Let's check the difference between #Woke internet reviewers and the audience at Rotten Tomatoes: 69% positive for Batwoman from #Woke Mary Sue types, 12% from the audience.
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ę Paul Krugman: Strangely Only Interested in Iraq's Economy | Main | States' Budgets: Back in Black Ľ
May 05, 2004

Surging Tax Revenues Indicate Something's Brewing on the Jobs Front



Earlier came the good news that surging revenues would lower the deficit by perhaps $100 billion or more.

But now comes even more good news. It seems you can't have that kind of blockbuster growth in receipts unless, get this, a lot more people are working for more money than they used to.

This great article puts the surge in tax-revenues into perspective:

May 4 (Bloomberg) -- Budget analysts were expecting a windfall of tax refunds this year as cuts in marginal tax rates, retroactive to January 2003, caused an over-withholding of income.

In other words, the government was expecting to pay out a lot of money in refunds. She's not terribly clear, there. Or maybe we're just morons.

At any rate....

They were disappointed. What they got instead was a surge in withheld personal income tax payments in recent months, a sign that something is brewing in the labor market.

Individual withheld employment taxes account for about 40 percent of the federal government's total receipts. Because taxes are actual cash payments to the Treasury -- no surveys, no model- based forecasts, no statistical extrapolations -- they provide a kind of check and balance on what's going on in the labor market, which for most of us is the primary source of income.

The current perception that the labor market is weak and income growth lousy is being challenged by recent tax data, according to Chris Wiegand, an economist at Citigroup Global Markets.

"Given the tax cuts, the tax liability should have been down a lot,'' a result of bigger refunds and smaller final payments, Wiegand said.

...

"Were it not for the tax cut, April final payments would have been up about 15 to 20 percent from last year,'' said Lou Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey.

In other words, people are making 15 to 20 percent more than they did last year-- huge.

That suggests "we're at the point where (budget) surprises start to run in the other direction. Deficit revisions tend to be massively directional.''

We likes the sound of that.

Regarding the announcement as to how much the Treasury would be borrowing this quarter:

The Treasury confirmed its improving fiscal position yesterday when it announced plans to borrow a net $38 billion in the April-to-June quarter, half the amount estimated three months ago.

Half? Again, sounds pretty damn good to us.

But back to the implications for the labor market. In the last two months, "withheld receipts jumped 12.5 percent annualized,'' Wiegand said. "The message is, there is no way that you can see withheld income taxes rising unless there's a decisive turn in labor market conditions, including payrolls, hours and compensation.''

Hmmmm... It seems we have two problematic birds, unemployment and the deficit.

And yet we've only got this one stone: Explosive economic growth.

What to do, what to do...?

Wait-- we think we've got an idea! Stand back...! We don't quite know if this is gonna work...!


posted by Ace at 07:21 AM