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Commentary on The Capital Markets- Category [Politics]

smiley

Oh boy...

A John McCain fundraiser was arrested Tuesday on suspicion of drug charges after Maricopa County sheriff's deputies found an active meth lab and other illicit drugs while conducting a search warrant at her north-central Phoenix home.

Things that make you just crack up on a Wednesday night...

Oh wait... crack up eh? smiley

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Cruz has apparently named Fiorina as his running mate.

Let me remind you that Fiorina was involved in the destruction of two big American tech companies -- Lucent (completely) and HP (partially) with both winding up with tens of thousands of jobs lost -- many of them going overseas.

To ask her to be your VP is to ask a proved serial job destroyer to be your Vice President.

If you support this then quit your job now because you are in fact supporting the offshoring of your job and the destruction of your income.

Oh, and get the hell off my lawn.

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2016-04-27 08:09 by Karl Denninger
in Politics , 275 references
 

It was not a good night for the cuckservative crowd.

Over the last few days Kascich and Cruz formed an alleged "alliance" to try to "stop Trump."  Both men, mathematically eliminated from reaching majorities of delegates (especially Kascich, who has had zero odds of winning since Ohio) decided to announce that they were no longer actually running to win, but rather to prevent someone else from winning.

It was a utterly outrageous and puerile display reminiscent of a two-year old's tantrum when they fail to obtain the fifth piece of candy, and the voters obviously saw it the same way.  Trump won all five primaries last night with every one of them being won by actual majorities of the vote, not pluralities.  That is, he won with 58% (CT), 61% (DE), 54% (MD), 57% (PA) and 64% (RI).

In a three-way contest that's not a win, it's a slaughter.  Trump now has at least 950 delegates out of the 1237 needed for an outright win, with Cruz way back at 560.  Cruz is no longer mathematically able to win the nomination by any legitimate means.  Kascich has just 153 with both of them effectively being shut out last night.

Running to block someone else rather than win yourself, which is what Cruz and Kascich announced they were doing recently, just put a transparent announcement on what had been obvious for the last couple of weeks and the voters were having none of it yesterday.  The Dominionist, "I've been anointed by God" Cruz has seen his support evaporate like a fart in the wind and the tactics he has used over the last couple of weeks to try to steal delegates he could not win in an actual vote has not only backfired it has turned into a tincture of hemlock that, if the GOP doesn't step in and put a stop to it, may wind up destroying not just Cruz but the Republican Party itself.  Colorado's GOP is even talking about a do-over as a result of the backlash generated by the Cruz campaign there that, like in several other "contests", turned from campaigning into what is arguably cheating and outright theft.  The delegation in Colorado is (correctly) concerned that they might not survive a challenge to their seating at the convention, an act that would leave Colorado entirely unrepresented.  We've all read about the wages of Sin, right?  Well?

Then there's the by now well-known ripping off one your cellphone contacts by the Cruz campaign app, an outrageous invasion of privacy that ought to be charged as a felony.  Of course in this day and age writing apps for phones that rip off everything they can get their hands on including your contacts and location on a every-few minute basis isn't thought of as anything worthy of sanction.  Voyeurism used be considered at best unseemly and at worst criminal stalking, but today in this anything goes world it seems that you have to point a camera up a woman's skirt before any of that raises an eyebrow.  Go ahead, cuckservatives, point that camera up my kilt -- Mr. Brown Eye will be happy to wink back at you!

None of this should have surprised anyone after Cruz played that tune in Iowa; it has of course long been conclusively proved that his campaign in fact knowingly made up the story that his campaign disseminated about Carson leaving the race with the clear intent and result of stealing votes that would have otherwise gone to a competitor.

On the Democrat side that we have a leader in the race who quite-clearly violated long-standing law regarding classified material and effectively vectored all of her official email traffic to a private server outside of government control (a blatant and outrageous abuse that nobody has dared attempt other than her) for what appears to be the purpose of hiding it from the public's ability to discover through FOIA requests is beyond ridiculous.  That is the act of someone who believes she's Queen, not a President or other elected official serving the public.  That we have a political party willing to not only allow such a person to run without interference or denouncement say much less a demand for her indictment is an outrage and that nearly half the country actually supports such a person with a large part of her support coming from what she sports as a set of genitals tells me that at least a quarter of the population of this nation is certifiably insane.

Not that I believe any of this matters; you've seen my articles over the last months and years on where the only issue lies related to our nation's fiscal stability -- in the health "industry" that is robbing the entire country blind to the tune of nearly 20% of all money spent, and it is notable that not one of the active political campaigns nor any of those who have suspended focused their primary issue on this point.

Meh, says I.

As the rot in our economic picture, complete with all the hiding done by the Fed and Government bubbles to the surface exactly as it did in the early parts of 2000 starts to stink up the markets the impotence of these acts will become more and more apparent.

Enjoy watching the politicians fiddle while the nation's future, economic, political and social, burns to the ground.

I'm going to go enjoy what time of relative stability, such as it may be, remains since there is simply no popular upswell of demand that any of these issues be addressed.  Instead what I see and hear daily are arguments from people like an "immigration lawyer" who left me agog last night in arguing that because a poor woman in the Honduras is repeatedly raped and winds up being impregnated six times, four of which result in births, we must throw open our borders to essentially unlimited chain migration of those persecuted elsewhere in said third-world hellholes and apply that same standard of "open borders" to the 15 million illegal jackasses who are already here.  It is exactly that sort of outrageous appeal to the heart and an attempt to brand America as culpable and thus "required" to deal with every third world hellhole's acts of abuse, along with the similarly outrageous refusal to deal with facts in virtually every other area of debate, that has led me to conclude that this nation, and her people, deserve what we are about to get.

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2016-04-24 04:00 by Karl Denninger
in Politics , 286 references
 

I hate it when I'm right.

If you remember it wasn't that long ago that I basically called the curtain down on my support for Trump, which meant I had nobody left to support.

Why?  Because when asked a hypothetical question about abortion being made illegal his first response, which was the only correct one if you believe in the rule of law, was almost-immediately retracted and replaced with "but there are special snowflakes determined by what's between your legs, and if you're one of those then being an accessory to murder is not prosecutable."

That's what he said, basically.  Oh sure, people tried to spin it, but that is what Trump said.

Let's face facts: You are not a victim of that which you voluntarily choose and in fact solicit and pay for!

Now he's continued down the same line with so-called "transgendered" people, saying they should use whatever restroom they wish.  Well, for a day or so anyway, and then he tried to walk that back.

Well, folks, then I should be able to get a discount based on the fact that I feel old, therefore I qualify for said senior discount -- or, for that matter, I can enroll in Medicare -- right now.  Or maybe tomorrow I feel young, therefore I should get child pricing for my amusement park admission. Let's say the next day I feel black, or female, and therefore if there is some "special program" for that group I can have that too?  If I'm 17 but feel 23 then of course I can drink at the local bar since the physical fact of my birthdate no longer matters and if I'm 15 but feel 19 I can drive a car -- unrestricted.

Or let's do this the other way -- I feel like I'm 16 (despite being over 50) and thus it magically becomes legal for me to sleep with all the 16 year old girls at the local high school!

If you think this is limited to bathrooms you're dead-flat wrong.

It has in fact infested every area of public policy.

People feel the earth is getting warmer and thus we must enact taxes that confiscate what will be trillions of your money despite the physical fact being that no warming on a planetary basis has occurred, when one stops using "adjusted" (all one way too) data, in more than 10 years. People feel scared when they see someone with a gun despite the fact that where gun control is the most-restrictive violent criminal acts are most-prevalent and in virtually every case where gun laws have been relaxed violent crime rates have gone down instead of up.  Never mind that all of those laws are blatantly unconstitutional; that someone feels something has been good for 50,000 unconstitutional laws, any one of which can and will imprison you and brand you for life as a felon!

If physical facts don't matter and the rule of law doesn't matter then what you have left is Rule of Tyrants, which inevitably devolves into who's got the biggest (and largest number) of guns and, at least as important, who is willing to shoot first.

What's going on here is nothing less than people taking physical facts and subjugating them to feelings that are to the contrary.  The words men and women are not a statement of "identity" they are a statement of physical fact; you either have an XY or XX sex chromosome pair and as thus as a physical fact you are either a man or a woman.

We live in a world where this denial of facts is increasingly a problem, and refusing to address it head-on will prevent us from fixing a lot of other issues, including those that will consume this nation both fiscally and politically if we don't cut that out right now.

Like, for instance, our health care mess.

Unfortunately this puts into immediate question whether any of the positions taken by Trump will go anywhere, and since there is exactly one show-stopper issue on the table this election season, that being the fiscal destruction that will rain down on us if we don't cut the crap with the medical industry as a whole, I've no longer got a candidate I can support nor any reason to keep hammering on what certainly appears to be a lost cause, particularly since I can instead enjoy whatever time remains before that fiscal implosion gets us doing other things.

Time's up.

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Trump won New York last night with roughly 60% of the primary vote.

With it, and the delegates that came with it (at least 89 of the 95 total), he has essentially shut out Cruz, who no longer has any rational mathematical way to reach 1237 delegates.

Cruz (and Kascich's) only hope now is to actually steal the nomination from the man who has the greatest delegate and vote count at the convention.  While one can argue that "this is all part of the rules" it's also how the Republican Party, if it occurs, will destroy themselves just as the Whigs did.

The GOP establishment would probably be perfectly content with Hillary as President, as they'd then have their "foil" to rant about for the next four years.  So be it, should they so choose.

But arithmetic doesn't care about politics, nor does it respect such banal garbage.

We don't have four more years when it comes to the health care budget disaster, both at a government and private level, that is about to rain down upon this nation.

I've written on this since 2009 in detail, and was aware of the problem and raising hell about it back when I ran MCSNet in the 1990s.  It was evident even then what was going to happen if we did not take out the trash in that industry -- and most of it is trash.

Well, we didn't.  We tinkered around the edges, we tried to force people back into a dying system with Obamacare, we did literally everything except address the problem.

It's not going away folks, and it will destroy this nation fiscally and, quite-probably, politically too.

Go read this Ticker again, along with the bottom two links, both of which are exempted posts and thus have not rolled off into the archives.  Read them as many times as you need to until it sinks in.

We do not have the luxury of allowing this to continue for another Presidential term.  It must be addressed now but there is utterly no indication that the American public is willing to demand that it happen to the exclusion of all other matters in the political and economic sphere.

But just as with the Liliesif that is not our singular focus, here, now and today we will run out of economic oxygen and die.

We're out of time, and arithmetic, not politics, controls that timer.  I'm going to enjoy what time remains, since as a singular individual I alone cannot force effective change.  Only the weight of the body politic in this country, acting in concert, can do so.  Either there is an awakening, and soon, on this matter or your best choice for action is to enjoy what time we have left before things fiscally deteriorate at a rapidly-accelerating rate -- a point that will come, without effective action, during the next Presidential term.

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