gehringer_2

that is pretty much what I was going to say. And TBH, I would not blame Reagan for what happened in the 30 yrs since he left office. Reagan was capable of changing his mind and he became a Republican not because he was in bed with the Oligarchs, but because he believed the left was hurting the working class. Given that, I would argue there is at least a 50/50 chance that when he saw what was happening to the middle class, he would have moved toward revised policies. When Reagan took office the most important issues on his plate were inflation and the Cold War and he dealt with those things about as successfully anyone could have asked. Nobody was ruminating on the possible future of the middle class or making predictions it was at risk at that point in history. Plus it's also not uncommon for 'movements' to end up claiming far more in the name of their founder than the founder would ever recognize - a fact in evidence all around us everyday.

I think there is absolutely going to be a dynamic pulling Barrett toward the unity of the other women, especially in the face of Thomas and Alito being such weirdos. Who knows how much effect it will have, but there is going to be some kind of pull there.

so much winning: Exerpts from the yahoo finance report this AM: On Wednesday, fresh data from ADP showed the private sector added 75,000 jobs in February, far fewer than economists' estimates of 140,000 — and significantly lower than the 186,000 jobs added in January. January's number of job additions was revised up from a prior reading of 183,000. February's data marked the largest month-over-month decline in private payroll additions in since March 2023. ...... A string of weaker-than-expected data has economists' projections for first quarter economic growth sliding. On Monday, two separate releases showed activity in the manufacturing sector slowed in February while construction spending fell more than anticipated in January. The Atlanta Fed's GDPNow tool, which uses already released data to forecast the quarterly pace of economic growth, now projects GDP fell by 2.8% in the first three months of the year, down from Friday's projection of a 1.5% decline. ..... ISM's manufacturing index fell to a reading of 50.3 in February from 50.9 in January. Meanwhile, the prices paid index surged to a reading of 62.4, up from 54.9 the month prior, marking its highest level since July 2022. The rise reflects increasing costs to companies. ..... Monday's data was just one of the many prints that have come in weaker than expected to start 2025. In January, consumer spending fell for the first time in nearly two years, and separate data showed retail sales saw the largest monthly decline in a year. Meanwhile, housing activity has remained in the doldrums. Citi's economic surprise index, which measures how data comes in relative to expectations, shows growth data has been missing the Street's mark for most of the past month. Subsequently, many economists have been slashing their GDP outlook for the quarter as the data has come in. "The January figures of private construction have lowered our estimate of Q1 GDP to 0.6% annualized, down from 1% at the end of last week and well below the 2.5% penciled into the February baseline forecast," Oxford Economics lead US economist Bernard Yaros wrote in a note on Monday. Meanwhile, JPMorgan recently reduced its projection for first quarter GDP to 1.5% from a previous estimate of 2.25%. Goldman Sachs' latest projection is 1.6% GDP, down from an initial projection of 2.6% in late January.

well, one thing you absolutely will not get out of this kind of chaos is any re-shoring investment.

Nice to see Faedo get the win. ...oh, wait...damn.

this is why tariffs were the wrong way to go about any rebuild of US manufacturing in the first place. If the approach were via investment incentives, corporate governance reform, financial system reform that would reduce the profit in cannibalizing manufacturers, worker training support -the whole nine yards - THEN you could have have an evolutionary regrowth and an economy that continued to grow while changing. If Trump produces a recession in the name of helping US workers it will be 110% an unforced error.

Could be the Miller trade has made him such a pariah in his own locker room that he finds himself out there as more or less a solo skater (i.e. no teamwork) so all he can do is keep his head down make the play in front of him. And now it's become a catch-22. He needs to be moved but no-one will take the contract until he plays better and Canucks won't take the loss. Easy front office move to criticize in hindsight but they should have moved them both at the same time.

What is ironically funny about all this is that Marx has never been in less favor yet a good chunk of his analysis that capitalism has deep inherent problems in terms of creating any kind of just society is today being proved spot on in the US like no time since the 1930's. He solution was as wrong as his analysis was right, so now we don't pay any attention to the analysis either, but all you have to do is look and see it coming to fruition. If you look at it in terms of a mathematical or mechanical system, capitalism inherently drives to the extremes. The greater the capital amassed, the more profitably that capital can be deployed, so there is an inevitable wealth concentration effect that leads to either a fascist oligarchy or a robber baron pseudo democracy. It's such a fundamental misunderstanding that's been foisted on Americans by the conservative movement. The WSJ matra - "Free people, free markets" couldn't have it more wrong. The necessary role of the government in a free society is not, as the right would have you believe, to facilitate capitalism, but is in fact the exact opposite. In a free capitalist state the government must regulate that capitalism into some kind of reasonable social equilibrium by taxation, provision of public goods, and defense of consumer and worker rights. It role is exactly the opposite of facilitating unfettered 'free' markets. Related to this, the (ex?)conservative Peter Wehner had an NYT column this week where he talked to a well known evangelical philosopher, who when asked how the US evangelical right wing is getting it wrong, said that the evangelical church is so hung up seeing the government as the guarantor of liberty, this it has forgotten that the Bible taught that the most important role of government is provision of Justice. Whether you are religious or not I think that is spot on also.

In the past, reporters did not headline their stories, that was done by editors - but I'm not sure if there are any editors left at any local newspapers so take that bit of past practice FWIW.

What business acumen Trump has was gained in real estate and from that he has learned that everything is a zero sum game, the pie never grows, because pieces of land don't grow - you either have it, or the other guy has it. But of course that is one sliver of a giant economy where almost *nothing* else works that way. Outside of real estate, economics is exactly about creating more stuff out of nothing - it's all about synergy, integration, pooling resources to cooperate in the production of new wealth. He doesn't understand any of that.

Trump may have fallen out with Tillerson but he apparently still has buddies in big oil.

US is very long on natural gas. But if the Canadians export tax Alberta oil that will definitely hit midwestern refineries hard.

Yup, Ontario Hydro and the utilities in Quebec have been selling low cost hydro from Northern CAN into the US for decades, so the grid is connected all through the Great Lakes/St Lawence basin.

I don't know if the conditions of the 70's could be easily reproduced because the population demographics have shifted so much but you are correct that if the economy tanks, tax receipts will fall so deficits will go up - which means the Fed will either have to print more money to accommodate that (inflation) or tighten to counter weight the fiscal stimulus and make any recession worse. IOW a bad situation all 'round.

well I'll give Trump this, he wanted interest rates to come down and the recession he is engineering will certainly bring them down.

So what the over/under that Musk has lost more on his Tesla stock since it peaked than DOGE has saved the US taxpayer?

Aside from the pure ego thing, which is probably at least 50% of everything he does, to the degree he actually has any thoughts on political economy, he has a long standing belief that US manufacturing has collapsed because of 'unfair trade deals', instead of the real reason, which is the US government's failure to provide a positive manufacturing environment in its now 4 decade long windmill tilt to become a "knowledge and finance" based economy.

My only shot in the dark theory would be that JB has them all playing at a higher energy level - more running, more defending, that you see guys are getting to the line really out of breath. Maybe that's a bigger issue for a guy who's been in the league for a while and is acclimated to less pace.

I guess all those foolish investors just don't understand what a boon those tariffs will be to the Auto industry. S&P is net down since before the election. Even the oligarch's aren't going to like that.

you left out the best one though, Tesla down 6.5%

just because you are big doesn't necessarily mean you have the strength that matches your size. I suppose if we could watch one of his workouts it would tell, but watching him I've just never gotten any impression of power in that body. He's not all that strong on his skates - though better than a couple of years ago, he's not particularly strong against other players at the boards even aside from willingness to hit. You don't even have to clobber guys all over the ice to win the physical battle of a hockey game if you can out power or even out work guys in the one on ones.

in at least one game recently Soderblom did lead the team in hits. That may not be saying a lot for this team. The thing is, even the other team is taking you out of your offense with their physicality, that's no excuse for not pressuring the puck better when they are on O. You aren't going to get checked by the puck carrier.

LOL - you weren't the only one who didn't like the headline, they've already amended it to insert the word "opponent's" in front of "ankles".

Sadly this was another case where Biden made the mistake of thinking he had all the time in the world to practice nuance, when he should have been pedal to the metal starting in 2020, in which case Ukraine might be winning this war by now.

From what I can find, MI may be buying from CA based on price as much as need. Lights in MI may not go out but bills would go up - of course.