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washparkhorn

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Everything posted by washparkhorn

  1. The question is a good one because it recognizes the fiscal tools for combating inflation are far more precise than the Fed’s interest rate hikes, which create massive collateral damage. That said, there is no political appetite to use those precision fiscal tools. And since the Fed has a mandate to combat inflation, the politicos gladly defer to the Fed to do the dirty work.
  2. Beto brought out crowds, but not votes. DFW and Houston turnout was dismal. Some of that is Biden (who was largely neutral in most states aside from Texas and Florida where he was an anchor for Dems). Dems in Texas need a candidate to get out the vote to have a chance at replacing the embarrassingly awful Ted Cruz in 2024. If Biden is at the top of the 2014 ticket, no need to waste Dem money on Texas.
  3. https://worldnewsera.com/news/finance/stock-market/ftx-collapse-puts-its-auditors-in-the-spotlight/
  4. FTX leaders spread the grift around; that’s how it’s done by the big boys. “Regulatory Capture” is the term. From the Bloomberg:
  5. Thank goodness for the youths . . .
  6. CBS News - 2022 Election (win or projected to win): 155 Republican election deniers in the new House. 9 in the Senate. 7 Governors. 5 AG’s. 2 Lt. Govs. 3 Secretaries of State. The Clown Car is still bursting at the seams. Repubs will lick his boots again.
  7. The job is not done. Re-elect Warnock and give Sinema an ambassadorship.
  8. What a dope.
  9. RIP - one of his last political posts:
  10. Masters: Hold my 4Loko bruh . . . someone alert the pizza huts
  11. from @Firemans4Horn link above. If true, the “external auditors” will need to contact their E&O carriers, while preparing their backdoors for no lube at all.
  12. Ms. Wood feeling the mojo
  13. USD down/markets up (it takes more USD to buy securities priced in USD when USD loses value). Good luck.
  14. Wouldn’t it be nice . . .
  15. The dildo of consequences rarely comes lubed.
  16. But seriously, those of us on the blue side need to have a conversation on 2024 and the weaknesses on display in 2022. As for strengths, the young ones are engaged and appear to be ready to vote for their future. And, as a progressive, we need to applaud the Biden Administration for laying the groundwork for the reality of our post-neoliberal (globalized) world. Covid showed us these far flung supply chains are unstable and not resilient. Biden’s move to a more regionalized world is a huge step in the right direction. That is just reality. So kudos to President Biden on recognizing these change and acting on it. (If you need a primer to catch up on the state of the world economy, I highly recommend Homecoming: The Path to Prosperity in a Post-Global World by Rana Foroohar of the Financial Times.) This shift was at the heart of the Fetterman enthusiasm pre-stroke. Having an industrial policy that champions our innovative spirit and our workforce is the path forward for the nation. Those of us on the blue side need leaders who speak to the opportunity for a renaissance of local and regional supply chains. I am happy there was no dismal red tide, but there is a need for improvement on the blue side before 2024.
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