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TwiceHorn

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Everything posted by TwiceHorn

  1. And, that was before offshoring. Those tariffs were relatively narrow in scope and protected Detroit while it got its shit (relatively) together. But the Big 3 also subsequently needed bailouts and went bankrupt. Although pretty transparently protectionist because Japan did nothing wrong trade-wise, an outlier example of how narrow, relatively short-term tariffs can "work." But, we still protected shitty businesses and business models, and, at least arguably, revived competition post-tariff caused the Big 3 to nearly fail and also actually start to get their shit together.
  2. And, fault for 08 was pretty systemic, sort of starting with Gramm-Leach-Bliley, and I don't need to remind anyone which Republican signed that into law. /s Rarely can you find an event like this and lay it at the feet of a single person.
  3. Yeah, that has always made me a bit uneasy. At least they didn't kill them, in most cases. Bessent lent his credibility, such as it is, to Trump, and lavished praise on his economic savvy. Whatever else he is, he's too smart to pretend like he didn't know something like this would happen. Although Wall Streeters are common for SoT, a hedgie really isn't. Typically, a guy that ascends to the head of GS has a broader knowledge of the economy than a narrowly focused hedgie.
  4. As long as it qualifies as an IRA, it's exempt. The exemption depends on or is coextensive with the federal income tax exemption/deferral.
  5. It is accurate. 401ks are exempt under federal law, IRA may be under state law and are in Texas. https://statutes.capitol.texas.gov/Docs/PR/htm/PR.42.htm
  6. Well, if they can collect it, we as taxpayers are on the hook for it. He should have been impeached for this alone. Also, it drives me fucking nuts that Texas trial courts render judgment for attorneys fees on appeal.
  7. Once we went down 8 or 10, it was over and he knew it.
  8. Pitching change for UGa, but not an improvement. Bases juiced for Flores. Two outs.
  9. Texas scores 1 in B4 to go up 1-0 over UGa. 1 out, RISP.
  10. Also should probably note that INS v. Chadha resulted in the revocation of a deportation order.] Because you love to criticize the Supreme Court over outcomes rather than analysis, Chadha should find favor with you. The irony of criticizing SCOTUS as political is that it is almost always by those who view its decisions entirely through a political lens.
  11. One of those ol experts, Ay-leet, I'm telling you. Trump and I know better.
  12. Not sure I can really quibble with that. The scheme is pretty explicit that Congress legislates, President signs or vetos. Congress can override. Trying to change that is a copout by Congress and violates separation of powers. But yeah.
  13. Here's something that well and truly pisses me off about American government, specifically Congress. https://www.lawfaremedia.org/article/are-tariffs-an-emergency-power Congress delegated its power to tariff to the executive in several ways, one of them in an economic emergency. And it is this provision on which Trump mostly relies. But they retained a legislative veto, meaning they could revoke the power by joint resolution. Yet a legislative veto was ruled unconstitutional in 1983. And Congress did jackshit to revoke the power. Lazy cowards.
  14. Well, it was previously done by Fluor Federal Petroleum Services for a tad less money. I suppose Fluor is as guilty of being a grifter as any big business, but you kind of tend to think they know what they're doing. https://www.lawyersgunsmoneyblog.com/2025/04/the-strategic-petroleum-reserve I think that SPP mentioned in that article is a self-storage outfit that is unrelated. I see there is an SSP LLC formed in Delaware in June 2023 that is a more likely candidate, but not seeing any member/director information.
  15. Uncle Xi, more likely.
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