the DON JONES
INDEX… |
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GAINS POSTED in GREEN LOSSES POSTED in RED
1/16/25... 14,895.89
1/9/25... 14,898.28 |
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6/27/13… 15,000.00 |
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(THE DOW JONES INDEX: 1/16/25...
43,170.47; 1/9/25... 42,544.22; 6/27/13… 15,000.00) |
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LESSON for JANUARY SIXTEENTH, 2025 “GOODBYE, JOE!”
In five more days, the Biden Years will shudder to a close
in a freezing Washington D.C. amidst wildfires to the west of them, wars to the
east, the border south and Greenland north.
They will give way to a Great Restoration as Donald Trump assumes the
Chief Executivity for the second time, the only
repeat, fail, repeat President since Garfield.
(not the cat)
Joe takes with him his supporting cast... the ever-failing SecState Anthony Blinken
(profiled on Sunday’s “Meet the Press” as a good man who tried to do well in a
world of Republicans, Russians and Islamists, Vice Unavenged Kamala – condemned
to give the oath of office to her conqueror and the rest, stranded now and
checking out job opportunities.
Even many dedicated Democrats will be glad to see them
go.
Let it be said that the Biden Years were not as bad as
they could have been. The Covid Plague
is a manageable inconvenience, now, due to vaxxing
that some refused to take (and often died, as a result). Kyev and Tel Aviv
have not fallen. NATO and the EU have
also survived, despite a sharp turn to the right; the border is strained, but
not broken; unemployment and inflation are down from the height of the pandemic
and average wages (as in last week’s Debt Clock indices) took a sharp, upward
jump.
Even partisanship is (temporarily) recessive... all five
Presidents attended the funeral of (very) Ol’ 39 –
Jimmy Carter, who died at the age of one hundred and was buried with all of the
trappings of the office. Even Trump
attended and was seen sharing remarks with Barack Obama - he has expressed
resentment at having the flags remain at half mast on
Inauguration Day as symbolic of... something... but the Boogaloo Boys didn’t
storm the service, overturn the coffin and start dancing to YMCA.
Don Jones, red or blue, can’t help but sense that decency
is headed to the boneyard. Peter (of
Paul and Mary) also died this week and the volubly liberal Left Coast burned
up, even the homes of left wing actors and the
memorial to Will Rogers. The world is a
meaner, if not yet leaner, place and... given the enmity of Putin and Xi and
the rest of the bad actors of the moment, a little confrontation might be in
order, along with a lot of deal making.
Of course, Glad Vlad and Djonald UnChained might not turn out to be best bros, once the
cards are played, and the planet will disappear in a nuclear fireball but...
hey, that’s politics.
So Goodbye Joe, me gotta go,
down on the Bayou, as also on, in and around and out of the mountains and the
deserts and fruited plains... frozen coast to burning coast. Back to Delaware! And for the woke as consign Hank Williams to the Devil’s ashtray, there’s always Laura Nyro.
Last night, President Biden gifted America
with his Farewell Address (text, Attachment One) in which he claimed that a
hostage deal has been reached by Israel and Hamas (prematurely, as it
turned out and still dangles) and compared America to the Statue of Liberty...
“an enduring symbol of the soul of our nation, a soul shaped by forces that
bring us together and by forces that pull us apart.”
Vigorously defending not only his
own four years, but the doomed Harris campain,
President Joe claimed victories at home and abroad. But, he warned, danger lurks in concentration of
power in the hands of a very few ultrawealthy people, and the dangerous
consequences if their abuse of power is left unchecked. “Today, an oligarchy is
taking shape in America of extreme wealth, power and influence that literally
threatens our entire democracy, our basic rights and freedoms and a fair shot
for everyone to get ahead. We see the consequences all across America. And
we’ve seen it before.”
Americans
are being “buried under an avalanche of misinformation and disinformation
enabling the abuse of power. The free press is crumbling. Editors are
disappearing. Social media is giving up on fact-checking. The truth is
smothered by lies told for power and for profit. We must hold the social
platforms accountable to protect our children, our families and our very
democracy from the abuse of power.” Meanwhile, artificial intelligence... “the
most consequential technology of our time, perhaps of all time,” Biden said,
“offers more profound possibilities and risks for our economy, and our
security, our society. For humanity.”
Will
it end cancer... or end liberty?
Without
naming names, he proposed amending the Constitution to make clear “that no
president, no president is immune from crimes that he or she commits while in
office. The president’s power is not limit — it is not absolute. And it
shouldn’t be.”
And
in perhaps an unwittingly ominous finale, he called on Americans to “be the
keeper of the flame.”
In a furious last week of initiatives,
Biden has promoted spending more money on aid to Ukraine and more Social
Security bennies for public employees like first responders and teachers, to
wildfire protection and forgiving student and medical debt; pardoned prisoners,
commuted death-row sentences, banning offshore drilling and Tik Tok, blocking
U.S. Steel from being taken over by the Japanese and heaving proposals into the
winds of time.
“My Administration is leaving the
next Administration with a very strong hand to play,” Biden said on Monday in the first of two farewell
speeches to the nation. (The second was on Wednesday, above.)
Republicans denounced most of the speeches
and are trying to kill off as many of the ventures and adventures as they can.
Sometimes their explanations don’t merely
verge upon but slide into the gut of the ridiculous.
The New York Post (Attachment Three, Jan. 9)
even contended that the woke ideology and all of its components... racial,
sexual and gender minorities who offended God and caused the California
wildfires to flare up – even as He punished the wicked for spurning His
messenger... not Jesus nor the apostles, but guess who?
By electing Karen Bass as Mayor and Gavin Newsome
as Governor to “coddle” the homeless and criminals, denounce the “patriarchy”
and... in a sop to history... attack the Jews.
“
Chris D'AngeloRoque Planas state that PPE (President/President-Elect) Trump “has a
more than two dozen logging projects
cherry-picking science resistance to fire
Debt, Spending, Tariffs and Taxes
Reason, the Libertarian (pro-corporate, pro-pot), medium, castigated the Bidenauts back in October (10/10 Attachment Seven) as
Being compiled and published before the election, Reason’s reasonable people were only slightly less hard on the PPE. wrote
CNN (12/21/24, Attachment Eight) wrote that
the poorest of the poor Americans are already struggling for survival... and,
when Trump takes over, it’ll be worse.
The cost of
living crisis in the US has eased somewhat, but low-income Americans are
still struggling after years of high inflation and elevated interest rates.
Their situation could worsen if President-elect Donald Trump keeps his promise
of slapping hefty tariffs on America’s three biggest trading partners, which
could reignite inflation, economists say.
Many Americans are still in a
tough spot: Nearly 30% of all US households this year said they spend more than
95% of their disposable income on necessities such as housing costs, groceries
and utility bills, according
to a Bank of America Institute report, up from 2019 levels. That share
is higher, at around 35%, for households making less than $50,000 a year.
“Lower-income households are
always going to be the ones that feel the brunt of high inflation and high
interest rates,” said Elizabeth Renter (!), senior economist at NerdWallet.
CNN’s Bryan Mena, soliciting economists at the Yale Budget Lab,
stated that, “if Trump proceeds with imposing 25%
tariffs on imported goods from Canada and Mexico and an additional 10% duty
on Chinese goods, prices could increase next year by 0.75%” which would “equal
a loss of about $1,200 in annual purchasing power per household, in
2023 dollars, according to the estimate.”
This time, Americans won’t have
support from savings they accumulated during the coronavirus pandemic and
benefits from pandemic-era programs that have now expired, such as an extension
to the child tax credit and free school lunches.
“Households are not in as good a
shape as they were coming immediately out of the pandemic, but we’re talking
about a different inflation scenario,” said Shannon Grein,
an economist at Wells Fargo. “You can think of tariffs as these as one-time
price adjustments. Companies aren’t going to keep increasing their prices month
after month because of new tariffs versus the supply and demand imbalances
during the pandemic.”
See the Peanut Gallery responses below at Att. 8. “
reportedly “part of a Catholic
Church-sponsored deal to free political prisoners in Cuba.” (Fox, Jan. 14th, Attachment Nine)
In a certification that Biden issued a week ago, yesterday
afternoon, he claimed that the Cuban government "has not provided any
support for international terrorism during the preceding 6-month period,"
as well as "provided assurances that it will not support acts of international
terrorism in the future."
"The United States maintains as the core objective of our
policy the need for more freedom and democracy, improved respect for human
rights, and increased free enterprise in Cuba.," a national security memo issued
by the White House read. "Achieving these goals will require practical
engagement with Cuba and the Cuban people beyond what is outlined in NSPM-5
[National Security Presidential Memorandum 5], and that takes into account
recent developments in Cuba and the changing regional and global context."
"Accordingly, I hereby revoke NSPM-5."
Fox, being Fox, looked for and
found a discouraging word... in fact, a few... from the mouth of Sen. Ted Cruz
(R-Tx) who said: "The terrorism advanced by the Cuban regime has not
ceased," Cruz said in a statement. "I will work with President Trump
and my colleagues to immediately reverse and limit the damage from the
decision."
While, over there (East) and there (West), “Brave New Europe” addressed the Chinese takeover of
high, low and consumer tech by freezing chip exports to slow down the pace of
President Xi’s lying and spying minions,
as well as imposing restrictions upon a secondary tier of countries that would
face caps on their access to U.S. chips; and an outer tier of U.S. adversaries
(most importantly China but also Russia, Iran, and a handful of others) that
would face the most severe restrictions on shipments, according to BNE’s
Karthik Sankaran. (Attachment Ten, Jan.
14)
The decision has led to howls of protest from
single companies, including NVIDIA, widely considered the key manufacturer of
the most advanced chips, which said a “last-minute rule restricting exports to
most of the world would be a major shift in policy that would not reduce the
risk of misuse but would threaten economic growth and U.S. leadership.”
And that’s just the beginning. The tech
offensive will be resented the most across the Global South. For one thing, the
limitation of the highest tier of “chip-worthiness” to historic U.S. security
allies, all of which are already relatively advanced economies, will likely be
seen as an effort to restrict development opportunities for middle powers, and
could be interpreted as having racial overtones... BNE citing Singapore, Saudi
Arabia and India as being opposed to the venture.
The effort to Derail China is now seeking to
press-gang Global South countries by preemptively (and presumptively) denying
them access to advanced products and technologies. This is ostensibly driven by
the fear that these countries might “leak.”
WAR, STRENGTH and the BORDER
Cyberwarfare is the tactic of the moment,
inasmuch as President Xi and the ChiComs are loathe
to blow up the world (Putin, less loatherly), so a
strong Tech Force makes for a strong nation, and President Joe believes he is
handing PPE Trump a strong nation.
“America is more capable, and I
would argue better prepared than we’ve been in a long, long time,” Biden
said. (Politico, Jan, 13, Attachment Eleven) “While our
competitors and adversaries are facing stiff headwinds, and we have the wind at
our back.
“New challenges will certainly
emerge in the months and years ahead,” Biden said. “But even so, it’s clear my
administration is leaving the next administration with a very strong hand to
play.”
Politico’s Eli Stokols contends that Biden leaves office with
U.S.-China relations in a far more stable, less confrontational place as the
result of serious and sustained bilateral communications, and with the countries’
two economies headed in opposite directions. Further, he has aligned European
allies behind the U.S. approach to China and seen scant criticism from
Republicans on his approach.
“It’s more effective to deal with
China alongside our partners than going it alone,” Biden said. “But even while
we compete vigorously, we’ve managed our relationship with China responsibly so
it’s never tipped over into conflict.”
The strongest evidence of Biden’s
commitment to alliances is NATO’s cohesion, expansion and deepened resolve in
response to Russia’s 2022 invasion of Ukraine, Stokols opines. “Not only did the organization ratify the
accession of Finland and Sweden, it is far closer to the goal — agreed on in
2014 — that member nations spend 2 percent of GDP on defense, a benchmark 23 of
32 countries now meet.”
From
deep in left field, the World Socialist Website agrees that Biden has increased
American military power... but that’s not a good thing.
In his final
foreign policy speech as US president, Joe Biden declared that his
administration “significantly strengthened the defense industrial base,
investing almost $1.3 trillion in procurement and research and development in
real dollars.” He added, “It’s going to ensure that we’re fully equipped to
fight and win wars.”
If President John
F. Kennedy is remembered for falsely promising “not merely peace for Americans,
but peace for all men and women,” WSW’s Andre Damon says Biden “can at least be
given credit for openly stating that the central focus of his administration
has been global domination.”
Russia is no
longer Communist, nor even Socialist, but Damon contends that Joe leaves office
after having played the leading role in provoking, then preventing any
diplomatic resolution to the Russia-Ukraine war, and having funded, armed and
enabled the Gaza genocide.
In September,
the Wall Street Journal estimated that as many as 1 million
Ukrainians and Russians had been either killed or wounded in the Ukraine war.
An entire generation of young people has been wiped out or maimed.
Biden also boasted
of his military policy in the Middle East, whose central pillar is the Gaza
genocide. He did not mention the death toll in Gaza, which currently stands
officially at 46,000, with the vast majority of the dead being women and
children. Rather, he boasted that “Israel did plenty of damage to Iran and its
proxies,” and that as far as the United States was concerned, “Our actions
contributed significantly.”
He declared:
Now Iran’s air
defenses are in shambles. The main proxy, Hezbollah, is badly wounded. … All
told, Iran is weaker than it’s been in decades. And if you want more evidence,
if it was seriously weak in Iran and Russia, just take a look at Syria.
President Assad was both countries’ closest ally in the Middle East. Neither
could keep him in power.
Biden declared,
“I’ve said many times, we’re at an inflection point. The post-Cold War period
is over. A new era has begun in these four years,” in which there is “a fierce
competition underway for the future of the global economy.”
This “fierce
competition” will be continued in the second Trump administration. Biden added,
“So as a new administration begins, the United States is in a fundamentally
stronger position. … It’s clear my administration is leaving the next
administration with a very strong hand to play.”
If he believed
that Djonald owed him gratitude for this bequest, he
was mistaken.
White House
spokesperson Karine Jean-Pierre in October 2024, that
Donald Trump is a “fascist” who would be a “dictator on day one.”
But now, the
outgoing president is boasting that he is leaving this would-be dictator with a
“strong hand to play.” Biden, characteristically, made no mention of the fact
that Trump has threatened to use American military power to annex Canada,
Greenland and Panama.
These invasions
and conquests may be just the consequences of a silly old man blowing off
steam, but the Incoming has always believed (and, during his first term,
sometimes even accomplished) a Mordor on the border – even if he never did
finish building the “beautiful wall.”
Now, he gets
another chance.
Trump, MAGA, most
Republicans and more than a few Democrats believe that our borders... the
southern one, at least... are out of control, even though Customs and Border
Protection (CBP) officials reported that the Biden administration is poised to
end its term without an expected bump in illegal border crossings in
anticipation of Act II.
In December, they reported 47,300
illegal border crossings — a slight
elevation from November, when it reported 46,612,
approaching the lowest level since July 2020.
The first two weeks of January
also indicate activity has dropped, with about 45% fewer crossings than in December,
according to senior CBP officials who spoke with reporters during a virtual
press conference Tuesday.
Nearly 936,500 people have used
the CBP One app to schedule appointments since its introduction in January
2023. Although President-elect Donald J. Trump said in September that he
planned to end CBP One appointments, a senior CBP official told reporters that
they are still being scheduled.
Overall, the number of crossings
demonstrate a downward trend from the high mark set under the Biden administration
in December
2023, when arrests reached nearly 250,000.
Outgoing Homeland Security Secretary Alejandro Mayorkas credited the Biden administration’s June 2024
proclamation that temporarily suspends asylum
processing at the border when U.S. officials deem they are overwhelmed.
Newsweek’s Dan Gooding, however, called
Biden’s claim that crossing were down “false”. (Jan. 14, Attachment Fourteen)
On Monday, Biden also made a
similar claim while speaking to reporters ahead of his speech on foreign
policy.
"Let's get something in mind
about the border. When I became president, the numbers came way down," he
said.
That is false.
Biden expanded
Temporary Protected Status, which allows migrants from
certain nations to remain in the country without fear of deportation, pending
immigration hearings.
Gooding also said that the
President had expanded humanitarian parole for those from Cuba, Haiti,
Nicaragua and Venezuela – known as CHNV for short. That allowed 531,670 people
from those four countries alone to enter the U.S., having been screened at
home, for a set period of time while they apply for more permanent status.
In his last few days in
office, Biden extended the parole for those from a handful of
countries, including Venezuela.
Anti-immigrant protesters have expressed
outrage and denial.
Federation for American
Immigration Reform, on X: "Biden's
open-borders policies invited the largest wave of illegal immigration in U.S.
history with nearly 11 million illegal crossings and 2 million gotaways."
Michelle Mittelstadt,
from the Migration Police Institute, told Newsweek: "If you take the 'when I became
president' literally, yes, encounters in January 2021 were lower than the three
preceding months. If you take the statement to mean the entire presidency,
encounters have been declining since January 2024 from record highs seen
earlier in the administration. And November 2024 marked the lowest point in
encounters of the entire Biden administration."
Trump’s prospective ICEman
Tom Homan says that deportations will begin Tuesday, starting in Chicago.
Congress, meanwhile, is already pushing forward legislation relating to detaining
illegal immigrants accused of theft or burglary offenses, and to introduce DNA testing of asylum
seekers at the border.
PUBLIC HEALTH, ABORTION and the CULTURE WARS
On New Years’ Eve, Forbes reviewed the
outgoing administration’s record on health, and reporter Steve Brozak... an investment banker and Big Pharma mouthpiece,
claimed that
promises of healthcare improvement
Biden has also been accused of wavering on
abortion. When asked about whether he would direct the
FDA to revoke mifepristone’s approval, Trump has been unclear about medication abortions and perhaps
sympathetic to some of the most extreme anti-abortion activists also want the
new administration to revive an 1873 anti-vice law known as the Comstock Act, which prohibits the mailing of
materials that can be “used or applied for producing abortion, or for any
indecent or immoral purpose.” “There’s no world in which I think he’s not
going to do anything.” said Greer Donley, a law professor at the University of
Pittsburgh. (From the 19th
News, Attachment Sixteen)
Critics say Biden did not support the pro-lifers until polls told
him it was safe to do so… more than a few Trump voters also oppose the
cancellation of Roe v. Wade
The usually-liberal Nation accused Biden’s
stance on health... in fact, the “gerontocracy” of himself and key aides... for
Trump’s election.
“As in all elections, there were
many factors that fed into the ultimate results, but Joe Biden’s fateful
decision to run again at age 81—making him the oldest presidential candidate in
American history—looms large,” reported Nation-al coroner Jeet Heer (Dec. 20th, Attachment Seventeen) citing
the “disastrous” June debate with Trump that made Biden’s aging painfully
visible for the all the world to see.
Tooting his own horn as a
soothsayer, the Jeetster looked back to 2020, when he
tweeted that “having the 77-year-old Biden competing against the 74-year-old
Trump for the senior vote … reinforces the feeling that America is becoming a
gerontocracy: no country for young people but like the USSR of the 1970s
dominated by an aging cadre stuck in the past.” This February I worried that,
“If Donald Trump wins the presidency this year, Biden’s decision to seek a
second term will be seen as one of the greatest blunders in American history.”
Now that Trump has in fact won
again, the scale and culpability of Biden’s blunder has to be measured. That
culpability belongs not just to Biden alone but also to the larger Democratic
establishment and the enablers on Biden’s staff, “all of whom were essential in
the sickening farce of a frail, failing, and flailing man clinging to the most
powerful position in the world.” Heer specifically named James Clyburn, the Democratic
“kingmaker” desperate to defeat the threat of (an equally aging) Bernie Sanders
and cited a Wall Street Journal report on how Old Sick Joe’s staff “managed”
his limitations.
“Would a more alert and
intellectually agile president really have allowed the wars between
Ukraine/Russia and Israel/Palestine to continue for as long as Biden did? Or
would a president with full executive function and will have pushed harder for
diplomacy, given how these wars were harming the world?” Jeet opined.
Certainly, Biden’s team of foreign policy hawks (national security advisor Jake
Sullivan, Secretary of State Anthony Blinken, and
advisor Brett H. McGurk) “were given free rein to carry out dangerously
escalatory policies.”
Concluding that Biden was surrounded
by “a bodyguard of liars, a pretorian guard of deceivers (including lefty
journalist Bob Woodward... above... and even Morning Joe) who fooled both the
president and the American public. This was a massive betrayal of democracy.
There is a reason the Constitution has provisions for removing an impaired
chief executive (the 25th Amendment).
“The party’s deep commitment to
gerontocracy flared up again earlier this week when the position of ranking
member of the House Oversight Committee was given to Gerry Connolly, who is 74
and suffers from cancer, rather than Alexandria Ocasio-Cortez.
“Ultimately, Democrats will have
to decide whether they are a political party that is serious about winning
power—or are just an employment agency for the superannuated.”
BIDEN’S DEFENDERS
Some of the invalid’s bodyguard
are guarding Biden’s bodies (the physical and legislative) up until and,
likely, after Monday’s bitter end.
Pew Research (Jan. 9, Attachment
Nineteen) noted, appraised and approved his record on diversity (a particular
thorn in the MAGApaw) as relates to the American
judiciary.
“Biden will end his
tenure in the White House having appointed 228 judges to the federal courts.
That figure includes record numbers of women and racial or ethnic minorities.
“Biden’s total
narrowly eclipses the 226 federal judges Donald Trump appointed during his
first term as president. Trump, however, will soon be able to add to his tally
as he prepares to take office for a second term, which will start with a
Republican Senate majority.”
Of the 228, Pew’s
John Gramlich... bolstered by numerous charts and
graphs (see here)... broke down the judiciary
appointments by sex (Biden appointed 144 women to the Federal bench, Trump 55) amounting
to 63% of his total appointments to the courts. “Both in absolute number and as
a share of his total, Biden appointed more women to the judiciary than any
other president. Barack Obama previously held this record, appointing 134 women
judges – or 42% of his total – over eight years in office.”
Also, no
president appointed a more racially and ethnically diverse slate of judges than
Biden. A 60% majority of the judges appointed by Biden – 136 out of 228 –
were Black, Hispanic, Asian or part of another racial or ethnic minority group.
“That represents both the highest number and share of any president. During
Obama’s two terms in office, he appointed 115 judges who were racial or ethnic
minorities, amounting to 36% of his total. Bill Clinton appointed 90 minority
judges during his two terms, representing a quarter of his total judicial
appointees.”
Trump appointed 37.
Another of Biden’s lockboxes unlikely to be overturned by Team Trump was his fall up to 73% below 2022 levels by 2035reduce household electricity costs by up to 10%
Trump promisedpromised last week
have access to the European market
control of the White House, plus unified control of Congress by
the president’s party, will pave the way for Republicans to deploy the
Congressional Review Act (CRA) to overturn a number of regulations issued by
the Biden Administration. When President Trump first took office in 2017,
congressional Republicans used the CRA to overturn more than a dozen rules
promulgated by the Obama Administration.
Under the current congressional schedules, Senators may introduce CRA resolutions starting around January 23, 2025, and Representatives may introduce CRA resolutions starting around February 5, 2025.
The George
Washington University Regulatory Study Center estimated that approximately 1000 of
President Joe’s 1,100 “significant rules” defined in Executive Order 12866, as
amended by Executive Order 14094, that are predicted to have an annual impact
of $200 million or more on the economy can be overturned.
Some Semafor noted were methane emissions and revocation of tax credits
for any manufacturers who do a lot or a little bit of business with China (i.e. an octopoling
of Tik Tok provisions as are not likely to get along to go along with the
judiciary and Congress... even some Republicans who might oppose Trump closing
factories in the districts as use even a smidgen of Chinese wares.
Of course, banning
these would essentially be banning democracy in the U.S. but didn’t Djonald Unchained say he might be a dictator on Day
One? Or Day Two, if Day One is too cold?
THE POLLS – FULL STEAM AHEAD
But Trump does have an ace up his sleeve...
and that ace is Don Jones.
Not only in November, but now, polling still
shows that Americans believe that if the Incoming says that immigrants eat dogs
and deploy aliens with Jewish space lasers... well that must be so!
RCP, the poll of polls, polled America on
whether they stood behind Old Joe on Economy, Foreign Policy, Inflation, Crime,
Immigration, the Mideast (but not Ukraine) war and the Direction of the
country. (Jan. 9, Attachment Twenty One)
Biden’s record?
Seven topics, twelve polls.
More Americans disagreed with Biden on every
issue on every poll. His best showing
was a minus nine from Marist; his worst minus thirty two
from the Marquette firm.
When Ukraine was added to the mix, the
negative spread was only minus five. CBS
gave him minus twenty two... essentially laying out
the welcome mat for Putin to take over Kyev and then
move on to Poland, the Baltics, wherever!
The WashXaminer
(Jan. 7, Attachment Twenty Two) predictably graded Biden “worst”...
just like (but at least not “worse” than Tricky Dick”)
Gallup (Attachment Twenty Four, Jan. 7th) found that “
shifted in larger numbers toward Trump
chair
of the powerful US House oversight committee, claims that in a private
conversation the Washington Post reporter Bob
Woodward told
him “everyone in DC knew” Joe Biden was
financially corrupt.
“Woodward
explained that everyone in DC knew that Joe allowed his family to sell access
to him, but as far as he was aware, that was not illegal,” Comer writes. “He
added that it should be, but it wasn’t,” according to the backslinging
liberal Guardian U.K. (Jan 10th, Attachment Twenty
Eight)
Paraphrasing Woodward’s own seminal book, Comer is publishing “All
the President’s Money: Investigating the Secret Foreign Schemes That Made the
Biden Family Rich.”
Comer says Bob Costa
of CBS also attended the “quiet homemade dinner prepared by Woodward’s wife”,
because the two reporters were “doing a book on Joe Biden’s presidency and
wanted to interview me because they thought my investigation might have an
impact”.
Costa co-wrote
Peril,
Woodward’s third book on Trump’s presidency, published in September 2021.
Comer says he gave
Woodward and Costa their interview, “then asked Woodward what he thought about
my investigation. He replied that he thought Biden had obviously worked the system
his entire political career, and that his son and both brothers had a troubled
financial history. He predicted that my investigation ‘would either be bigger
than Watergate or it would end up being a big nothing burger’.
“The receipts had to
show the money flowed all the way to the top.”
“(t)he president who could not choose” adding
that where Joe Biden’s presidency went wrong, when his administration
stopped looking like Barack Obama’s and started looking like Jimmy Carter’s,
(RIP) “you could start with the failure of Build Back Better. (Attachment Twenty Nine)
“Build Back Better
was a sweeping agenda of economic reform on the scale of the New Deal, meant to
solidify its author as the “FDR-sized” president he wanted to be.
“Dusting the text
off now, you can feel that ambition. Across two bills — the American Jobs Plan
and the American Families Plan — it sought to spend over $4 trillion across a
decade on transportation, manufacturing and science, home care, clean energy,
an expanded child tax credit, tuition-free community college, child care, and
much more. It would have been an epochal expansion of government spending and
ambition, on par with Franklin D. Roosevelt’s New Deal or Lyndon B. Johnson’s
Great Society.
“Little of this
became law, of course.”
Biden’s domestic
record is characterized by a refusal to prioritize, a paralyzing fear of
pissing off any Democratic faction that too often wound up winning nothing for
any of them.
Multiple causes, including his advanced age, conspired to make him “the weakest chief executive America has had in decades”, in the view of Vox.
The result was a
failed presidency that left Biden without much of an enduring domestic policy
legacy and made what accomplishments he can claim immensely vulnerable to the
Republican trifecta taking over the government he led (see above).
Build Back Bungled
Vox blames Chuck
Schumer for inflation and the debt, noting that it helped him keep the Senatein 2024, but was less a coherent agenda than a
hodgepodge of different priorities with their own congressional champions.
There was the child tax credit expansion from the American Rescue Plan, which
advocates like Sen. Michael Bennet (D-CO) and Rep. Rosa DeLauro (D-CT) wanted
to make permanent; there was universal pre-K, paid leave, and child care, which
Sen. Patty Murray (D-WA) championed; there were clean energy credits, which
climate advocates like Sen. Ed Markey (D-MA) prioritized; and much more. None of
them, in other words, were specifically Biden’s signature issues.
It was obvious from
the start that not all of this could pass. Democrats never had a majority for
this full agenda, and their majority was dependent on moderate Sens. Joe
Manchin (WV) and Kyrsten Sinema (AZ) — then both Democrats, today both
independents. These two had to be wooed for any measure to earn majority
support in Congress.
“There’s a tendency among left-leaning observers to see Manchin and Sinema as hopelessly unpredictable, or even bad-faith negotiators, but both of them were clear throughout the process about what they wanted. Frustratingly for the administration, the two senators’ desires were at cross purposes. Manchin was open to tax hikes on the rich but skeptical of the child tax credit and other “handouts,” while Sinema was open to those programs but hostile to tax hikes,” Vox opined.
“This
failure to make a choice, to decide what to prioritize and make the centerpiece
of Build Back Better, was Biden’s greatest legislative mistake as president.”
It
represented a profound failure of leadership.
The best gambit the
Progressive Caucus had was a threat to vote against an infrastructure bill that
Manchin wanted, but the gambit failed. Even if they had held the line, the
likely outcome would have been neither an infrastructure bill nor a Build Back
Better. It was all pointless theater.
The obvious
Shakespearean reference for Biden is Lear, an aging and vain king who is losing
his wits and is tormented by his children. But ultimately his downfall was more
Hamlet. Biden led America at a pivotal moment that called for strong decisions.
He just could not make them.
As a result, Pequeño
in USA Today (Attachment Thirty)
blocked the mergerbanned offshore oil and gas drillingtwo new national monuments
Social Security Fairness Act3 million peopleaffecting credit reports
student loan debt reliefcommuting the sentencesanti-hazing law
was most disappointed in his
administration’s failure to combat the rise of misinformation – telling USA
that he’d failed to effectively counter misinformation, including that from
Trump. “He said that challenge reflects the revolution
in how Americans get their news, and whom they trust to tell it. ‘Because of
the way, nature, the nature of the way information is shared now, there are no
editors out there to say “That’s simply not true,”’ Biden said. (See also here)
If there is any hope for the future
of America and for democracy, MSNBC dreams,” it’s been promising to hear
candidates for the new Democratic National Committee chair position —and in
particular, Wisconsin activist Ben Wikler — talk about the need for the
party to understand and grapple with the misinformation and political
propaganda that is rife within the current information ecosystem. And Mark
Zuckerberg’s sharp MAGA turn on content moderation ought
to be a wake-up call to those Democrats who have failed to take the issue more
seriously.
Ultimately, Biden’s assessment
seems fair to me. His and the Democratic Party’s failures to address
misinformation adequately may prove to be the most consequential shortcoming of
his presidency. But there are at least some signs the party is
doing some necessary course correction.
What, then, will be his legacy. Like Nixon’s?
Like Carter’s?
Maybe we should ask a
foreigner! Or a dead songwriter...
Six weeks before Trump’s blowout win, Biden
shared his future plans with Ana Navarro on the View (Hindustan Times, 8/26/
Attachment Thirty Two) and
said that he will continue to work on both domestic and global policy matters
after departing from the office via the Penn Biden Center for Diplomacy and
Global Engagement in Washington, D.C., and the Biden Institute at the
University of Delaware and the soon-be-ex added: “I'm less concerned about what
my legacy is. And although I'm leaving, you're stuck with me, I'm not going
away.”
But now he is. As Nyro wrote
(above): “Time
is full of changes, and now you've got to go... goodbye Joe (goodbye, Joe).”
Our
Lesson: January 9 through January 15, 2025 |
|
|
Thursday,
January 9 , 2025 Dow: Closed for President Jimmy Carter’s funeral |
Garth
Brooks sings “Imagine”, dignitaries gather and five Presidents pay tribute to
Ol; 38... even Donald Trump, seem exchanging gabble
with Barack Hussein Obama. At 100,
Carter was the oldest, if not the best of America’s Chief Executives; his
legacy depending more on his post-Presidential life than his administration. Wildfires return to Hollywood and the
wells and hydrants run dry. Santa Ana
winds calming, but red flag warnings return later in the day and throughout
the week. Only five are ded in the sixmajor blazes but
looting spreads, celebrities like Paris Hilton and Billy Crystal lose their
homes and closure include schools, businesses, the Jimmy Kimmel and “Price is
Right” shows and the Rams v. Vikings game is moved to Arizona, On the east coat,
record low temperatures and blizzards assail Americans from Dallas to DC and
down to the Gulf Coast. Criswell (FEMA
director Deanna, not the psychic in our last Lessons) predicts
more winds, more fires and more drought and says “listen to your officials.” Charities and the Red Cross mobilize and
Flo and Emu and the Rock of Gibraltar promise “Help is coming from your
insurance company!” Hah!! Insurance companies have been dropping
policies for the last three years in anticipation of today, so many will lose
everything. Not anticipating... those
officials and anger begins bubbling up under the grief. |
|
Friday,
January 10, 2025 Dow: 41,938.45 |
It’s
National Quitters’ Day for all the Joneses tired of their unpleasant
Resolutions and all the guilt and shame attendant. The Western wildfires and Eastern freeze
show no signs of quitting. A new
Kenneth Fire is being blamed on an arsonist or, perhaps, the power
company. Five thousand structures and
twenty thousand acres are burned in the Palisades Fire while the death toll
climbs to ten. Famous stores and homes
are burning or gon for mile after mile on Sunset
Boulevard as homeowners save their properties with garden hoses (one dying in
the attempt) and the TV weatherpeople call 2024 the
warmest year since 1850. Not in the East, however, a state of
emergency declared in Atlanta blizzard as snow falls from the Gulf up to New
York and temperatures drop to nine debees in Texas, In other news, bargain JC Penny’s merges
with Ritzy Macy’s and both are closing stores. Notre Dame defeats Penn State on final play
of Orange Bowl; Marcus Freeman becomes the first black (Irish) coast to play
Ohio State in the finals on January 20th, which is also
Inauguration Day. Ten days from taking office, PPE
(President/President-elect) Trump is sentenced to... nothing!... for his Stormy weather; Special Counsel Jack Smith
immediately resigns under threats to lock him
up. (Well, as a convicted felon, Djonald UnArmed will be
prohibited from carrying a gun into his future meetings with foreigners and
Congress.) And his own Justice Amy
betrays him by greenlighting the release of documents... perhaps forgetting
that Trump can hire willing minions
to take his retvenge and retributions. |
|
Saturday,
January 11 , 2025 Dow: Closed |
Burned-out
Angelenos slide and glide past police to see what’s left of their homes with
the saved praising their various Lords, the damned searching through rubble
for mementoes like photographs and wedding rings. The new homeless are being put up in tents
hastily erected in the Rose Bowl without a single cry of “lock them up”’ charities,
celebrities and Americans donate food, clothing and toys for the kids as
investigators investigate claims of arson, PG&E incompetence and
reservoirs that ran dry at the height of the plight and Santa Anas will
escalate back to 75 mph by Sunday, Jimmy Carter takes his last trip home to
Plains, driven throught the White Post-Christmas
snows of Memphis and Atlanta to be buried beside Roslyn. In a now-ancient tragedy, cops and FBI
reveal videos of Bourbon Street terrorist Jabbar shooting it out with the
police and his truckload of IEDs he was killed before he could detonate. SoKo crash
investigators mystified by the stoppage of black boxes four minutes before
fatal crash and America gets a smidgen of comic relief watching an Australian
arsonist set his pants on fire trying to burn down a store. Crikey!! |
|
Sunday,
January 12 , 2025 Dow: Closed |
It’s the
beginning of Girl Scout Cookie season and, also, Talkshow
Sunday – divided into thirds between the weather, the Inauguration of one
President and memorial to another. With fire deaths up to 16, police with
cadaver dogs are searching the ruins.
“All of the landmarks... gone!” says sparkling new Sen. Adam Schiff
(D-Ca) who calls out Gov. Newsom for refusing active duty
military. 40K acres now burned in six
fires as are 11% contained... damaged estimated at $150B, second only to
Hurricane Katrina as looters, price-gougers and insurance canceleers
add to the misery that so many other Good Samaritans try to relieve. Criswell (above) predicts that FEMA rescue,
relief and recovery funds sill have to compete with flood expenses; partisans
wonder if President Trump will punish Newsom and the people of California for
their bad attitudes. Desperate L.A.
recruiting prisoners and Mexicans
to fight the blazes, causing Steve Bannon and Hard MAGA to overheat
themselves. New House Majority Whip Tom Emmer (R-Mn)
warns against anticipating Federal relief because “we’re gonna
get the Trump agenda in place”... that being
cultural issues, the border (which may also be burning by Inauguration Day)
and the debt ceilinghe calls “a false number”. NSA
nominee Mike (not Tim) Waltz adds another expnse: more funding for the military as Ukraine
faces a World War One style meat grinder with WW3 consequences and calls on
Zelensky to lower the draft age from 26 to 18 before committing more aid. The ABC roundtable exhumes Election 2024
with former RNC chair Reince Priebus mocking Old Sick Joe’s belief that he
would have won had he stayed in... “Trump would have smoked him,” while
former DNC chair Donna Brazile admits there’s
“nothing wrong” with donkeys like John Fetterman and DC Mayor Muriel Bowser
meeting with The (New) Boxx Trump’s new pocket
monkeys Rachel Bade (who says Biden didn’t accept his likely loss until too
late) and Rich Klein agree that all his nominees except Pete Hegseth and (maybe) Tulei
Gabbard will be easily confirmed after Djonald
slapped down Joni Ernst. As Antony Blinkey
makes his last trip from the G-7 meeting in Brussels with no Uke or Mideast
peace deal, Bob Woodward’s new book “War” credits or debits him with
convincing Biden to “walk away, Joe”.
FTN’s Margaret Brennan says there’s “no doubt” that the freeze and
fires were a cause of climate change and wonders how the Incoming will handle
that. And in other news... as a Wisconsin judge relases the Slender Man stabber Morgan Geyser from Arkham after seven years, the Girl Scouts’ Number One
Cookie is, again, the Thin Mints.
Yummy! |
|
Monday,
January 13 , 2025 Dow: 42,179.43 |
Wildfire
death toll rises to 24 as local, prison and Mexican firefighters (many on 24
hour shifts) take advantage of calming winds (which will power up to 70 mph
tomorrow), investigators hunt causes of water shortage and possible arson or
PG&E compliance, local police hunt looters using drones or disguised as
firefighters and try to deter residents from returning to ruins, Internat guardians warn of repair scams in the
making, The majority of Good Joneses
help by continuing to contribute food, blankes and
other essentials. The deep freeze hangs on in the East as
ABC weathergirl Ginger Zee compares temperature now and for at least aweek to come as “like Siberia”; it’s minus 22 in Minneapolis
and headed down to minus 30. Toxic
smoke, heat, cold and vaxxing denialists all contribut to the rise in what is now a Quademic: flu, Covid, RSV and Norovirus. Ten states blame AI apps for increases in
rents and evictions as (leagal) black hat hackers
calculate and kick out thousands of renters as the largest landlords collude
in gouging schemes that have raised rents in Atlanta this year (although some
incomes are rising). But hundreds of
lucky passengers can thank an AI warning system for alerting pilots coming in
to Phoenix airport that they were only 875 feet (not the recommended mile)
away from crashing. |
|
Tuesday,
January 14 , 2025 Dow: 42,538.36 |
The
California National Guard is finally called in as hydrants run dry. The winds are calm now, but slated to pick
up tomorrow and the L.A. fire chief says the biggest danger is to
Brentwood. Kids reportedly getting
PTSD from their schools being destroyed; with red flag warning extending
south to the Mexican border, Speaker Mike says that there will be
“conditions” attached to relief. Jack Smith, now a civilian and facing his
own prosecution, releases the report on Trump’s One Six actions, saying: “No
man is above the law.” He’s wrong, but
is betrayed by Justice Comer in the release as his Defense nominee begins
Senate Armed Services grilling and denies all accusations. In criminal news, a dirty old man is
arrested for stalking WNBA’s Caitlin Clark while thieves posing as Amazon
workers invade, beat and rob a clean (now bloody) old man, Starbucks says
that anbody who tries to use their rest rooms
before buying anything will be arrested – the matter is likely to take care
of itself. |
|
Wednesday,
January 15 , 2025 Dow: 43,170.47 |
It’s
National Bagel Day. President Joe
gives his farewell address (see above)... and
announces a tentative hostages for cease-fire deal in the MidEast
(brokered by Qatar). Seven Americans
are still held, but only three are presumed alive. The deal still has to be approved by Israel
but, Netanyahu willing, will take place on President Joe’s last day to give
him a boost. The Dow soared... whether
because of the deal or because the rich folk were glad to be rid of Biden and
hungering over Trump’s tax cuts – everybody and nobody knows. Joni Ernst knows and she believes Pete Hegseth where the DoD nominee says h’s
a changed man, he’s no longer an alcoholic and he believes women can join the
military. This makes him an odds-on favourite for confirmation, along with the rest of Team Trump. With the Santa Ana winds dying down (for a
few days) authorities warn Angelenos not to be “complacent” after eight days
of wildfires, with the Palisades 18% contained and newer blazes being
quashed. The death toll now stands at
25. |
|
Busy, busy
Biden prancing and pardoning – but Don Jones wonders if any of his big plans
will come to pass or, if they do, be overturned by the Incoming – now only
days away. The Dow has been rising –
on the premise that the Fed won’t go bananas, but as for the California
fires? Meh! The rising Dow was wiped away by equally
rising gas price, leading to a watchful, waitful
week until the Day One fun begins. |
|
THE DON JONES INDEX CHART
of CATEGORIES w/VALUE ADDED to EQUAL BASELINE of 15,000 (REFLECTING…
approximately… DOW JONES INDEX of June 27, 2013) Gains in indices as
improved are noted in GREEN. Negative/harmful indices in RED as are their designation. (Note – some of the indices where the total
went up created a realm where their value went down... and vice versa.) See a
further explanation of categories HERE |
ECONOMIC INDICES
|
(60%) |
|
||||||||
CATEGORY |
VALUE |
BASE |
RESULTS by PERCENTAGE |
SCORE |
OUR SOURCES and COMMENTS |
|
||||
INCOME |
(24%) |
6/17/13 revised 1/1/22 |
LAST |
CHANGE |
NEXT |
LAST WEEK |
THIS WEEK |
THE WEEK’S CLOSING STATS... |
|
|
Wages (hrly. Per cap) |
9% |
1350 points |
12/2/24 |
+0.16% |
1/25 |
1,545.00 |
1,547.53 |
https://tradingeconomics.com/united-states/wages 30.57 .62 |
|
|
Median Inc. (yearly) |
4% |
600 |
12/23/24 |
-0.56% |
1/9/25 |
741.00 |
736.83 |
http://www.usdebtclock.org/ 40,231 43,527
3,282 |
|
|
Unempl. (BLS – in mi) |
4% |
600 |
12/9/24 |
+2.44% |
1/25 |
543.13 |
556.38 |
|
||
Official (DC – in mi) |
2% |
300 |
12/23/24 |
+0.24% |
1/9/25 |
229.70 |
229.14 |
http://www.usdebtclock.org/
7,001 019 036 |
|
|
Unofficl. (DC – in mi) |
2% |
300 |
12/23/24 |
+0.26% |
1/9/25 |
262.18 |
261.50 |
http://www.usdebtclock.org/ 12,177
211 243 |
|
|
Workforce Participation Number Percent |
2% |
300 |
12/23/24 |
-0.009%
-0.013% |
1/9/25 |
299.26 |
299.22 |
In 161,198 183 1,169 Out 101,061 091 1,119 Total:
262,159 74 88 61.489 479 471 |
|
|
WP % (ycharts)* |
1% |
150 |
12/2/24 |
-0.16% |
1/25 |
150.95 |
150.95 |
https://ycharts.com/indicators/labor_force_participation_rate 62.60 .50 |
|
|
OUTGO |
(15%) |