• Picture the never-ending deficit

    May 6, 2021
    US politics

    J.D. Tuccille:

    If a picture is worth a thousand words, how many detailed economic warnings does it equal? Or maybe there’s just one word that matters, and that word is “unsustainable,” which is how the Congressional Budget Office (CBO) has long described the federal government’s spending habits. Through years of failing to draw the attention of presidents and lawmakers with its publications, the CBO has now clearly illustrated the looming fiscal catastrophe with pretty pictures that even elected officials poised to double down on their extended spending spree might understand.

    Published April 30, The Federal Budget in Fiscal Year 2020: An Infographic shows, in colored charts and graphs, the massive gap between what the United States government can afford to spend, and what it actually spends. “Revenues, $3.4 trillion,” reads the caption for a bar representing 2020’s take, “Outlays, $6.6 trillion,” reads the caption for its partner.

    Daringly venturing to further test the comprehension of denizens of the Capitol and the White House, another pair of charts points out that $3.4 trillion in revenues represents 16.3 percent of GDP, while $6.6 trillion in outlays is 31.2 percent of GDP. What was spent by the federal government, in other words, adds up to almost a third of the entire economy and almost double what was collected in taxes.

    But 2020 was a very special year, just as elected officials themselves often seem quite special. Perhaps the demands of the year justified a deviation from a tradition of fiscal restraint? Well, not so much, more illustrations attest. As one graph points out, the federal government has consistently spent more than it takes in for at least 50 years, with the exception of a brief period ending in 2001. “To fund government spending in years of deficits, the Treasury borrows from individuals, businesses, the Federal Reserve, and other Countries,” the infographic helpfully notes. The result has been a growing accumulation of debt until it equals the size of the entire United States economy.

    Spending more than you make, year after year, and running up debt would seem to be … unsustainable. And that, of course, is just how the CBO describes such spending habits.

    “[F]inancing a large and permanent increase in government spending through perpetual borrowing without any corresponding adjustment in spending or revenues at some point in the future is unsustainable,” CBO warned in March in response to ongoing moves to expand the size of government.

    “[O]ver the long term, changes in fiscal policy must be made to address the budget situation, because our debt is growing on an unsustainable path,” CBO Director Phillip L. Swagel told the House Budget Committee in January 2020, before “emergency” pandemic spending.

    “Debt is on an unsustainable course in CBO’s projections,” then-CBO Director Keith Hall advised a gathering of business economists in February 2019. “To put it on a sustainable one, lawmakers will have to make significant changes to tax and spending policies—making revenues larger than they would be under current law, making spending for large benefit programs smaller than it would be under current law, or adopting some combination of those approaches.”

    “[E]ven with federal spending for all programs other than Social Security and the major health care programs on track to reach its smallest share of GDP since at least 1940, federal debt remains on an unsustainable path,” then-CBO Director Doug Elmendorf cautioned a macroeconomic policy conference in 2014.

    But the federal government hasn’t deviated from its spending habits through all of these years, holding to an unsustainable path of spending far outstripping revenues. So, what are the likely consequences?

    “A large and continuously growing federal debt would increase the chance of a fiscal crisis in the United States,” Hall told the Senate Budget Committee in 2017.

    “If federal debt as a percentage of GDP continued to rise at the pace that CBO projects it would under current law, the economy would be affected in two significant ways,” the CBO noted in January 2020, before the massive expenditures of the past year. “That growing debt would dampen economic output over time” and “Rising interest costs associated with that debt would increase interest payments to foreign debt holders and thus reduce the income of U.S. households by increasing amounts.”

    That is, running up debt acts as a dead weight on the economy, becoming ever-more expensive to sustain while making people poorer. But not all approaches to balancing expenditures and revenues are created equal: raising taxes to the sky-high level required to pay for politicians’ increasingly grandiose spending schemes would have nasty consequences, too. That’s because siphoning money from Americans’ pockets to pay for elected officials’ pipe dreams would leave people with less to save, spend, invest, and use to build prosperity.

    “The general finding is that increasing taxes leads to lower GDP and personal consumption,” the Congressional Budget Office warned in March of the consequences of higher taxes to finance increased government expenditures. “After 10 years, the level of GDP by 2030 is between 3 percent and 10 percent lower than it would be without the increase in expenditures and revenues.”

    There really are limits to how much governments can spend without inflicting pain on the people suffering under their mismanagement. Not that the people elected to Congress and the White House have shown any signs of comprehension or concern.

    Given that these are people capable of running for public office without feeling any apparent sense of shame, is it possible that they’re just too stupid to understand our reports? you can imagine CBO economists asking one another as they tossed around the idea for the recent infographic. Does anybody have any crayons?

    And so we end up with pretty pictures illustrating a very unattractive fiscal situation. Maybe drawings can finally deter elected officials from their outrageous spending habits where detailed reports have failed to attract their attention.

     

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  • Presty the DJ for May 6

    May 6, 2021
    Music

    The number one British album today in 1972 was a Tyrannosaurus Rex double album, the complete title of which is “My People Were Fair and Had Sky in Their Hair … But Now They’re Content to Wear Stars on Their Brows”/”Prophets, Seers & Sages: The Angels of the Ages.” Really.

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  • Presty the DJ for May 5

    May 5, 2021
    Music

    Today is Cinco de Mayo, so some Mexican rock would be appropriate:

    The number one single today in 1962:

    I’m unaware of whether the soundtrack of “West Side Story” got any radio airplay, but since I played it in both the La Follette and UW marching bands, I note that today in 1962 the soundtrack hit number one and stayed there for 54 weeks:

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  • Presty the DJ for May 4

    May 4, 2021
    Music

    This is 5/4 Day, so …

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  • Presty the DJ for May 3

    May 3, 2021
    Music

    The number one album today in 1975 was “Chicago VIII”:

    The number one single that day:

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  • Presty the DJ for May 2

    May 2, 2021
    media, Music

    Today is the 61st anniversary of what I used to consider the greatest radio station on the planet in its best format:

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  • Presty the DJ for May 1

    May 1, 2021
    Music

    The number one single today in 1965:

    Today in 1970, the Jimi Hendrix Experience played the first of its 13-show U.S. tour at the Milwaukee Auditorium:

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  • Possibly ironic read of the weekend

    April 30, 2021
    US politics

    Lexington of The Economist:

    One of the few uplifting notes of last year’s election season was struck by the candidates for Utah’s governorship. “Win or lose, in Utah, we work together,” said Christopher Peterson, the Democrat, in a humorous ad featuring him and his Republican opponent. “So let’s show the country that there’s a better way,” said that rival, Spencer Cox.

    Now Utah’s governor, Mr Cox seems to be keeping his pledge. The upbeat 45-year-old is winning plaudits for his pragmatism and evenhandedness. After Utah’s Republican legislature demanded an early end to its mask mandate, he negotiated a month-long extension, with exceptions for schools and businesses. He issued his first veto of a bill sponsored by his brother-in-law (it was an attack on social-media firms and probably unconstitutional).

    He is popular with Democrats as well as Republicans—as Utah’s governors tend to be. Gary Herbert and Jon Huntsman had similar records. Though Utah is one of the most conservative states, the relative moderation of its Republican leaders has helped make it one of the less polarised. “We have a history here of wanting to bring the other side to the table,” says Mr Cox.

    An illustration of that was a deal between gay-rights and religious-liberties activists known as the Utah compromise. A textbook legislative trade-off, which recognised the rights of gays in employment and housing while permitting churches not to marry them, it has been cited approvingly by both sides in a budding row over Joe Biden’s support for new lgbt protections.

    Another sign that Utah conservatives are different is their aversion to Donald Trump. The former president did better in the state last year than he did in 2016; but worse than any other Republican candidate in a two-horse race since Barry Goldwater in 1964.Though some leading Utah conservatives have warmed to him—including Senator Mike Lee—Mr Cox is among the many who remain opposed to Mr Trump and his grievance politics. “We’ve created something that we used to criticise, the victim culture that now exists on the right,” said the governor, more in sadness than anger.

    The results of Utah’s functional conservatism are impressive. The state is as welcoming to immigrants as it is to investors—and one of the fastest-growing in both population and output. The main explanation for it is signified by the needle-like spires that pierce the Salt Lake City skyline. Over 60% of Utahns, and a bigger majority of Utah Republicans, are Mormons. This makes them members of a church imbued with little of the pessimism evident elsewhere on the religious right. To the contrary, where white evangelicals—the Republicans’ biggest constituency—harbour the wounded sense of entitlement of a group hurtling from cultural primacy to the margins, Mormons exude the confidence of a once reviled but now thriving minority. Founded in upstate New York in 1830, by a 24-year-old visionary called Joseph Smith, their religion is one of the world’s richest and fastest-growing. It claims to have almost 17m members in 160 countries.

    The church, to which most Utah Republicans belong, is deeply conservative yet sometimes adaptable. It was behind the Utah compromise, a concession that ended up reaffirming some of its architects’ Mormon faith. “If you’re a true Christian, you want to love your neighbour.” concluded the leader of Utah’s Senate, Stuart Adams, who had previously opposed gay rights.

    Sadly, a comparison between the Mormon and evangelical churches also suggests how hard it will be for evangelicals to follow the Latter-day Saints’ lead. The big difference between the two is psychological and rooted in their divergent histories. “My great-great-great-grandparents’ home was burned to the ground by a mob in Illinois,” said Mr Cox. “You don’t forget stuff like that.” That past not only explains Utah’s openness to immigration. It represents for Mormons a parable of existence as a sacred struggle, demanding humility and accommodation with a hostile world. Unlike aggrieved evangelicals, says Richard Mouw, a leading evangelical theologian, “Mormons are not angry, they don’t want to win, they just want a place at the American table.”

    Mormons’ and evangelicals’ distinct perspectives are also a product of their churches’ organisation. The decentralised nature of evangelical America has allowed worshippers to sort themselves into racially and otherwise homogeneous congregations. This has in turn led them to elevate cultural over spiritual concerns. By contrast, Mormons’ centralised institutions underpin their greater pragmatism and openness to diversity.

    They must worship at their local church and are urged to provide alms and other support to poorer neighbours. This helps explain why Utah has the lowest wealth inequality of any state. It also promotes empathy over righteousness; the church’s missionary tradition does the same. To that end, Mr Cox did a stint in Mexico; Mitt Romney in France. And this structure is overseen by one of America’s tightest, and more enlightened, church hierarchies.

    Senior Mormons are considered to be “prophets, seers and revelators”. The current ruling trio were formerly a pioneering surgeon, a justice of Utah’s Supreme Court and a Stanford business professor. Their example in getting promptly inoculated against covid-19 helps explain why Mormons, who tend to be more observant than white evangelicals, are also likelier to get vaccinated.

    Saints alive

    For the literary critic Harold Bloom, a fan of Mormonism, it was the “authentic version of the American religion … [which] yet may prove decisive for the nation”. Something similar could be said for the pragmatic politics the church endorses.

    Utah conservatism is a reminder to the American right of its more expansive, optimistic past. It also offers a warning of where Republicans’ current pessimistic course may lead. Almost half of Mormons under the age of 40 voted for Joe Biden.

    What’s ironic about this? Most people hostile to religion would use words like “oppressive” to describe Utah and the Mormon faith. Mormons do not drink alcohol or coffee. Mormons were accused of racism because of their lack of non-white leaders until the late 1970s. Women do not have the same roles in the church that men do. So it’s a little unusual for the liberals to suddenly consider Utah an exemplar of how to get along with each other. (My last trip to Utah in 1999 made me describe the state as “pathologically polite.”)

    As far as Utah Republicans being “moderates” (whatever that means anymore), Utah’s state government, whether run by Republicans or Democrats, seems to be smaller than, say, the leviathan of Wisconsin. Utah placed eighth on the Tax Foundation’s State Business Tax Climate list. Wisconsin is 25th. (Higher is better in that comparison.) In state and local tax burden, Wisconsin ranked 14th (as in 14th from the largest); Utah was 30th. Regardless of the map …

    … Wisconsin has higher taxes and bigger government than Utah does. And the bigger government is, the bigger the stakes in elections, therefore the less incentive to get along with the opposition.

    I am a little curious as to what prompted The Economist to even look at Utah, except to stick it to Trump fans, perhaps. I’m not Mormon, but I’m also not evangelical, so I can’t say which is “optimistic” and which is “pessimistic.” But if you’re optimistic about the future of this country, you’re deluding yourself.

     

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  • Presty the DJ for April 30

    April 30, 2021
    Music

    The number one single today in 1960:

    The number one British album today in 1966 was the Rolling Stones’ “Aftermath”:

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  • How to bankrupt the nation in 4 trillion steps

    April 29, 2021
    US politics

    A few right-thinking writers watched Wednesday night’s speech by Comrade Biden so you and I didn’t have to.

    Jim Geraghty:

    All of us in the political world are supposed to act as if last night’s joint address of Congress from President Biden was a big deal, but . . . it’s April 29. A week from now, on May 6, will anyone remember anything from Biden’s speech?

    This is the sort of idea that sounds good when you hear it, but seems far less revolutionary and bold when you look at what NIH is already doing:

    The NIH invests about $41.7 billion annually in medical research for the American people.

    More than 80 percent of NIH’s funding is awarded for extramural research, largely through almost 50,000 competitive grants to more than 300,000 researchers at more than 2,500 universities, medical schools, and other research institutions in every state.

    About 10 percent of the NIH’s budget supports projects conducted by nearly 6,000 scientists in its own laboratories, most of which are on the NIH campus in Bethesda, Maryland.

    I’m open to the argument that an ARPA for health at NIH would generate breakthroughs that couldn’t be reached at universities, medical schools, and other research institutions or the existing NIH campus, but I’d like to see proof that this isn’t just moving money around in hopes of generating new results.

    Biden also echoed his predecessors by arguing that the national challenges of today are different from the challenges of the past: “Many of you, so many of the folks I grew up with, feel left behind, forgotten, in an economy that’s so rapidly changing — it’s frightening. . . . We’ll see more technological change — and some of you know more about this than I do — we’ll see more technological change in the next ten years than we saw in the last 50. That’s how rapidly artificial intelligence, and so much more, is changing. And we’re falling behind the competition with the rest of the world.”

    And yet Biden’s response to these new changes is the same old agenda and proposals: Raise taxes. Spend more. Raise the minimum wage. Strengthen unions that have had declining membership for a generation, and who just happen to be Democratic Party allies. Other than the pandemic, there was little in last night’s address that couldn’t have been said by his Democratic predecessors in 2009 and 1993 and who knows, maybe even 1977.

    Biden’s message in a nutshell is that China is making breakthroughs in artificial intelligence and cybersecurity, which is why we need more unionized employees and a higher minimum wage. He’s the man from yesterday, trying to assure us that he and his team know how to prepare us for tomorrow.

    If you found the Trump years sufficiently chaotic and erratic, maybe it’s better for the country that Biden is boring, lifeless, and predictable, and that listening to his speeches feels like eating reheated plain oatmeal that you suspect is significantly past the expiration date. But being boring is not necessarily better for Biden.

    One of the things that jumps out if you follow politics enough is how much Biden is offering the same old stuff as previous Democratic presidents.

    Biden called for “connecting every American with high-speed Internet” to “help our kids and businesses succeed in a 21st-century economy.” I can remember when Bill Clinton called for connecting every school to the Internet and “build a bridge into the 21st century.”

    Obama passed his stimulus bill, Biden’s got his three American [Fill-In-the-Blank] Acts.

    Biden lamented how high the health-insurance deductibles were for working families and how expensive prescription drugs were, but I seem to remember him talking about a “big blanking deal” eleven years ago that was supposed to fix that — a big blanking deal that was never fully repealed. And in the familiar pattern of our presidents, Phil Klein points out that Biden is promising way more than he could reasonably expect to deliver: “There is no basis on which to claim that Medicare could save hundreds of billions of dollars by negotiating drug prices.”

    Biden just didn’t mention the situation at the border and hoped no one would notice.

    Biden mentioned DARPA — arguably, dollar for dollar, the most effective and innovative section of the federal government, or at minimum the one that provides the most bang for the buck — and declared, “National Institutes of Health, the N.I.H, I believe, should create a similar advanced-research-projects agency for health.”

    This is the sort of idea that sounds good when you hear it, but seems far less revolutionary and bold when you look at what NIH is already doing:

    The NIH invests about $41.7 billion annually in medical research for the American people.

    More than 80 percent of NIH’s funding is awarded for extramural research, largely through almost 50,000 competitive grants to more than 300,000 researchers at more than 2,500 universities, medical schools, and other research institutions in every state.

    About 10 percent of the NIH’s budget supports projects conducted by nearly 6,000 scientists in its own laboratories, most of which are on the NIH campus in Bethesda, Maryland.

    I’m open to the argument that an ARPA for health at NIH would generate breakthroughs that couldn’t be reached at universities, medical schools, and other research institutions or the existing NIH campus, but I’d like to see proof that this isn’t just moving money around in hopes of generating new results.

    Biden also echoed his predecessors by arguing that the national challenges of today are different from the challenges of the past: “Many of you, so many of the folks I grew up with, feel left behind, forgotten, in an economy that’s so rapidly changing — it’s frightening. . . . We’ll see more technological change — and some of you know more about this than I do — we’ll see more technological change in the next ten years than we saw in the last 50. That’s how rapidly artificial intelligence, and so much more, is changing. And we’re falling behind the competition with the rest of the world.”

    And yet Biden’s response to these new changes is the same old agenda and proposals: Raise taxes. Spend more. Raise the minimum wage. Strengthen unions that have had declining membership for a generation, and who just happen to be Democratic Party allies. Other than the pandemic, there was little in last night’s address that couldn’t have been said by his Democratic predecessors in 2009 and 1993 and who knows, maybe even 1977.

    Biden’s message in a nutshell is that China is making breakthroughs in artificial intelligence and cybersecurity, which is why we need more unionized employees and a higher minimum wage. He’s the man from yesterday, trying to assure us that he and his team know how to prepare us for tomorrow.

    James Freeman:

    The propagandists who now dominate the establishment media have little interest in “fact-checking” Joe Biden as they did Donald Trump. But the Biden administration seems to be doing the job all by itself. The economic fairy tale told by the president on Wednesday night was debunked by his government’s data release on Thursday morning.

    The Biden fairy tale is that the U.S. was in an economic crisis when he took office. He began telling this tall tale even before taking the job. Joining with former presidential campaign rival Sen. Bernie Sanders, Vermont’s most famous Marxist, Mr. Biden last year formed a legion of gloom to justify the historic government expansions to come.

    But then as now, government data keeps exposing the Biden distortion. Today the Commerce Department reports that during the first quarter when the Biden administration began, the U.S. economy was soaring. “Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021,” according to the advance estimate released by Commerce’s Bureau of Economic Analysis. This follows growth of more than 4% in the fourth quarter of last year and a rip-roaring 33.4% in the third.

    The President continues telling his tale in an attempt to justify his LBJ-style lunge for bigger government. On Wednesday night the president claimed, according to the official White House transcript:

    I stand here tonight, one day shy of the 100th day of my administration — 100 days since I took the oath of office and lifted my hand off our family Bible and inherited a nation — we all did — that was in crisis.
    The worst pandemic in a century. The worst economic crisis since the Great Depression.

    A variant of this falsehood was road-tested by Mr. Sanders in December when he claimed, “The working class of this country today faces more economic desperation than at any time since the Great Depression of the 1930s.”

    Unemployment in the 1930s soared to roughly 25%. Since October of 2020 it’s been below 7%. By the time Mr. Biden was taking office in January it had fallen to 6.3%. The U.S. unemployment rate has been higher at some point in every decade since the 1930s, including for the entire first five years of the Obama-Biden administration.

    Yet last night Mr. Biden kept on spinning:

    Now, after just 100 days, I can report to the nation: America is on the move again… America is rising anew… After 100 days of rescue and renewal, America is ready for takeoff…
    One hundred days ago, America’s house was on fire. We had to act.

    A hundred days ago the raging fire was the aggressive effort by businesses to find workers for all the open positions available for people willing to work. Thanks to data releases by the Biden administration, we now know that the job market was just as robust as it seemed when he was taking office. In March the Labor Department reported:

    The number of job openings changed little at 6.9 million on the last business day of January, the U.S. Bureau of Labor Statistics reported today.

    That’s a historically strong number, and thanks to an April release from the Biden administration, we know that the job market got even stronger during Mr. Biden’s first full month in office—before he had enacted anything of consequence. The Labor Department reported earlier this month that “the number of job openings edged up to 7.4 million on the last business day of February”.

    The main threats to an economy that’s been rebounding since last summer—and is now just slightly smaller than it was before Covid—are Biden interventions which may discourage people from accepting those jobs on offer.

    This column is gratified that Biden employees in the federal government have taken over the job of puncturing the president’s false economic claims from media folk who are no longer willing to do the work. In a similar way, employees at the federal Centers for Disease Control have published a range of data showing that Covid cases, hospital admissions and daily deaths were already decreasing when he took office, notwithstanding his Wednesday claims of leadership in distributing the vaccines developed and approved under the previous management.

    But obviously it’s dangerous to rely on bureaucrats to do the job normally expected of a free press. Fortunately federal economic releases are not our only readings on economic vitality. This is quarterly earnings season for public companies, and they are also providing a stunning rebuttal of Mr. Biden’s portrait of the U.S. economy.

    The Journal’s Karen Langley reports that “corporations have been trouncing analysts’ expectations. With about 40% of companies in the S&P 500 having reported results, profits are projected to have grown 42% in the first quarter from a year earlier, according to FactSet.”

    A vibrant recovery was well underway on Inauguration Day. The question is whether the legion of gloom’s massive interventions will disrupt it. As on the day he took office, the only person who can stop the “Biden boom” is Joe Biden.

    Roger Kimball:

    John Maynard Keynes is alleged to have said ‘When the facts change, I change my mind — what do you do, sir?’ I am no fan of Keynes generally, but there is something to be said for that pithy ‘second-thoughts’ comment. It pains me to admit it, but the President’s address to the joint session of Congress put me in mind of Keynes’s observation. After all, was it not a rousing address? Even long-time critics acknowledged it. One described it as ‘a perfect blend of strength and empathy’. I have to agree. That same commentator wrote that ‘Tonight, I was moved and inspired. Tonight, I have hope and faith in America again.’

    I think a lot of people felt that way. Many people agreed with him. Yes, it’s early days yet. But let’s face it. The President has already racked up significant victories. Think about his energy policy, his attack on illegal immigration, his efforts to dismantle or at least pare back the leviathan that is the administrative state, his proposals to reduce the tax burden for both businesses and individuals while also strengthening America’s military: in these and other initiatives has he not taken bold steps to fulfill his campaign promises to return power from Washington to the People and ‘make America great again’.

    Oops: I was talking about the wrong speech! That was about Donald Trump’s 2018 State of the Union address, in which he called upon Americans to put aside the partisan passions that divide us in order to go forward as one people united in the goal of making a better America. It was his next State of the Union address, in 2020, when Speaker of the House Nancy Pelosi, sitting directly behind President Trump, capped the evening picking up a copy of the speech and tearing it in two.

    She didn’t do that tonight. The speech was in the same chamber. But somehow it was not the same chamber. Watching Joe Biden tonight was like visiting a theater after hours. Lots of ghosts.

    One ghost was St Anthony Fauci, who was responsible for Joe Biden’s doddering entrance to the depopulated room. No handshakes, just fist or elbow bumps to the bemasked denizens of that melodrama.

    What Biden called ‘the worst pandemic in a century’ was at center stage. On taking office, he said, he promised 100 million vaccine shots in 100 days. To date, he said, 220 million shots have been delivered.

    Who or what accomplished that? If you look at the Biden press pool — also known as CNN — the Biden administration is responsible for America’s robust response to this latest respiratory virus. But in fact, it was Donald Trump’s ‘Operation Warp Speed’ that produced several effective vaccines in record time — and it was Trump’s plan that provided the entire plan for distributing it.

    Joe then went on to describe what he called, without cracking a smile, the ‘American Rescue Plan’. In essence, it is the same plan that was outlined, but in more modest terms, by a certain Italian politician in the 1920s. ‘All within the state, nothing outside the state, nothing against the state.’

    The word ‘jobs’ occurred nearly 50 times in tonight’s address. But here’s an embarrassing fact. Donald Trump’s economic policies led to the lowest general unemployment in decades. They led to the lowest minority unemployment in our history. They also led to a robust rise in wages at the lower end of the scale.

    Joe did not mention any of that. Instead it was all Bernie Sanders-esque class warfare: raise taxes, eat the rich, take control of — well, everything.

    But along the way there were some strange echoes. Biden said his mantra was ‘Buy American’. ‘American tax dollars are going to be used to buy American products made in America that create American jobs.’ Where have we heard that before?

    MAGA? Nope. Biden is here to bring us MAPA: ‘Make America Poor Again.’

    Here’s how we do it. First, spend more money than anyone thought possible. Promise free stuff for everyone (except Republicans). Second, destroy the engines of prosperity. Start with the energy industry. Tax it, regulate, mount a huge ‘green- new-deal PR campaign against cheap, abundant energy. It’s working! Hundreds of thousands are out of work and gas prices are up some nine percent in just 100 days! Good going, Joe!

    I think my favorite part of this dog’s breakfast was the part where he asked, how are we going to pay for all this. ‘I’ve made clear that we can do it without increasing deficits.’

    Ha, ha, ha, ha, ha. Who knew that Joe Biden, like Hamlet, had an antic disposition.

    The deficit is already skyrocketing. But Joe is going after the ‘millionaires and billionaires who cheat on their taxes’. Did you know that the top one percent of earners already pay more than 40 percent of all income taxes? Think about that. The top 10 percent pay more than 71 percent, while the top 25 percent pay nearly 90 percent of all income taxes. So what is Joe talking about?

    Of course, it would not have been a Democratic talk if there were not some invocation of the melée at the Capitol on January 6.

    ‘As we gather here tonight, the images of a violent mob assaulting this Capitol — desecrating our democracy — remain vivid in our minds.

    ‘Lives were put at risk. Lives were lost. Extraordinary courage was summoned.

    ‘The insurrection was an existential crisis — a test of whether our democracy could survive.’

    But it wasn’t an insurrection It wasn’t an ‘existential crisis’. And it wasn’t a test of ‘our democracy’ (i.e., not your democracy).

    I thought it was a horrible speech — cliché-ridden, yes, but also deeply mendacious. The latest import from China is not ‘one of the worst pandemics ever’. We were not ‘staring into an abyss of insurrection and autocracy’ on January 6. There were a small number of bad hats and many who were exercising their constitutional right to dissent. This, of course, was in sharp contrast to the hundreds of thugs who rampaged through dozens of cities setting fires and destroying property over the summer — and even now. But forget all that. Here was the geriatric specimen blinking into the cameras:

    ‘We came together.

    ‘United.

    ‘With light and hope, we summoned new strength and new resolve.

    ‘To position us to win the competition for the 21st century.

    ‘On our way forward to a Union more perfect. More prosperous. More just.

    ‘As one people. One nation. One America.’

    I thought at first that the few dozen people in the Capitol were wearing face masks. I didn’t consider the possibility that they were air-sickness bags.

    One speaker did make sense: U.S. Sen. Tim Scott (R–South Carolina), as reported by the Daily Wire:

    Sen. Tim Scott (R-SC) slammed President Joe Biden on Wednesday night as he delivered the Republican Party’s rebuttal speech to the speech that Biden gave just moments prior that was panned by critics as divisive and extreme.

    “We just heard President Biden’s first address to Congress. Our president seems like a good man,” Scott began. “His speech was full of good words. But President Biden promised you a specific kind of leadership. He promised to unite a nation. To lower the temperature. To govern for all Americans, no matter how we voted. That was the pitch. You just heard it again. But our nation is starving for more than empty platitudes. We need policies and progress that bring us closer together.”

    Scott highlighted how during the first three months of Biden’s presidency, he and the Democrats “are pulling us further apart.”

    Scott then proceeded to talk about the challenging background that he came from and how faith and conservative principles played a big role in getting his life on track, and how those things are under attack now.

    “This past year, I’ve watched COVID attack every rung of the ladder that helped me up,” Scott said. “So many families have lost parents and grandparents too early. So many small businesses have gone under. Becoming a Christian transformed my life — but for months, too many churches were shut down. Most of all, I am saddened that millions of kids have lost a year of learning when they could not afford to lose a single day.”

    “Locking vulnerable kids out of the classroom is locking adults out of their future,” Scott continued. “Our public schools should have reopened months ago. Other countries’ did. Private and religious schools did. Science has shown for months that schools are safe. But too often, powerful grown-ups set science aside. And kids like me were left behind. The clearest case for school choice in our lifetimes …”

    Scott highlighted how there was more bipartisan COVID-19 work that happened under the leadership of former President Donald Trump, a Republican, than under Biden, a Democrat.

    Scott hammered Biden for dividing instead of uniting, and on numerous policy issues, including infrastructure, Biden’s “Family Plan,” and other extreme proposals.

    Who voted for trillion-dollar tax increases?

     

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Steve Prestegard.com: The Presteblog

The thoughts of a journalist/libertarian–conservative/Christian husband, father, Eagle Scout and aficionado of obscure rock music. Thoughts herein are only the author’s and not necessarily the opinions of his family, friends, neighbors, church members or past, present or future employers.

  • Steve
    • About, or, Who is this man?
    • Facebook
    • Twitter
    • Adventures in ruralu0026nbsp;inkBack in June 2009, I was driving somewhere through a rural area. And for some reason, I had a flashback to two experiences in my career about that time of year many years ago. In 1988, eight days after graduating from the University of Wisconsin, I started work at the Grant County Herald Independent in Lancaster as a — well, the — reporter. Four years after that, on my 27th birthday, I purchased, with a business partner, the Tri-County Press in Cuba City, my first business venture. Both were experiences about which Wisconsin author Michael Perry might write. I thought about all this after reading a novel, The Deadline, written by a former newspaper editor and publisher. (Now who would write a novel about a weekly newspaper?) As a former newspaper owner, I picked at some of it — why finance a newspaper purchase through the bank if the seller is willing to finance it? Because the mean bank lender is a plot point! — and it is much more interesting than reality, but it is very well written, with a nicely twisting plot, and quite entertaining, again more so than reality. There is something about that first job out of college that makes you remember it perhaps more…
    • Adventures in radioI’ve been in the full-time work world half my life. For that same amount of time I’ve been broadcasting sports as a side interest, something I had wanted to since I started listening to games on radio and watching on TV, and then actually attending games. If you ask someone who’s worked in radio for some time about the late ’70s TV series “WKRP in Cincinnati,” most of them will tell you that, if anything, the series understated how wacky working in radio can be. Perhaps the funniest episode in the history of TV is the “WKRP” episode, based on a true story, about the fictional radio station’s Thanksgiving promotion — throwing live turkeys out of a helicopter under the mistaken belief that, in the words of WKRP owner Arthur Carlson, “As God is my witness, I thought turkeys could fly.” [youtube=http://www.youtube.com/watch?v=ST01bZJPuE0] I’ve never been involved in anything like that. I have announced games from the roofs of press boxes (once on a nice day, and once in 50-mph winds), from a Mississippi River bluff (more on that later), and from the front row of the second balcony of the University of Wisconsin Fieldhouse (great view, but not a place to go if…
    • “Good morning/afternoon/evening, ________ fans …”
    • My biggest storyEarlier this week, while looking for something else, I came upon some of my own work. (I’m going to write a blog someday called “Things I Found While Looking for Something Else.” This is not that blog.) The Grant County Sheriff’s Department, in the county where I used to live, has a tribute page to the two officers in county history who died in the line of duty. One is William Loud, a deputy marshal in Cassville, shot to death by two bank robbers in 1912. The other is Tom Reuter, a Grant County deputy sheriff who was shot to death at the end of his 4 p.m.-to-midnight shift March 18, 1990. Gregory Coulthard, then a 19-year-old farmhand, was convicted of first-degree intentional homicide and is serving a life sentence, with his first eligibility for parole on March 18, 2015, just 3½ years from now. I’ve written a lot over the years. I think this, from my first two years in the full-time journalism world, will go down as the story I remember the most. For journalists, big stories contain a paradox, which was pointed out in CBS-TV’s interview of Andy Rooney on his last “60 Minutes” Sunday. Morley Safer said something along the line…
  • Food and drink
    • The Roesch/Prestegard familyu0026nbsp;cookbookFrom the family cookbook(s) All the families I’m associated with love to eat, so it’s a good thing we enjoy cooking. The first out-of-my-house food memory I have is of my grandmother’s cooking for Christmas or other family occasions. According to my mother, my grandmother had a baked beans recipe that she would make for my mother. Unfortunately, the recipe seems to have  disappeared. Also unfortunately, my early days as a picky, though voluminous, eater meant I missed a lot of those recipes made from such wholesome ingredients as lard and meat fat. I particularly remember a couple of meals that involve my family. The day of Super Bowl XXXI, my parents, my brother, my aunt and uncle and a group of their friends got together to share lots of food and cheer on the Packers to their first NFL title in 29 years. (After which Jannan and I drove to Lambeau Field in the snow,  but that’s another story.) Then, on Dec. 31, 1999, my parents, my brother, my aunt and uncle and Jannan and I (along with Michael in utero) had a one-course-per-hour meal to appropriately end years beginning with the number 1. Unfortunately I can’t remember what we…
    • SkålI was the editor of Marketplace Magazine for 10 years. If I had to point to one thing that demonstrates improved quality of life since I came to Northeast Wisconsin in 1994, it would be … … the growth of breweries and  wineries in Northeast Wisconsin. The former of those two facts makes sense, given our heritage as a brewing state. The latter is less self-evident, since no one thinks of Wisconsin as having a good grape-growing climate. Some snobs claim that apple or cherry wines aren’t really wines at all. But one of the great facets of free enterprise is the opportunity to make your own choice of what food and drink to drink. (At least for now, though some wish to restrict our food and drink choices.) Wisconsin’s historically predominant ethnic group (and our family’s) is German. Our German ancestors did unfortunately bring large government and high taxes with them, but they also brought beer. Europeans brought wine with them, since they came from countries with poor-quality drinking water. Within 50 years of a wave of mid-19th-century German immigration, brewing had become the fifth largest industry in the U.S., according to Maureen Ogle, author of Ambitious Brew: The Story of American Beer. Beer and wine have…
  • Wheels
    • America’s sports carMy birthday in June dawned without a Chevrolet Corvette in front of my house. (The Corvette at the top of the page was featured at the 2007 Greater Milwaukee Auto Show. The copilot is my oldest son, Michael.) Which isn’t surprising. I have three young children, and I have a house with a one-car garage. (Then again, this would be more practical, though a blatant pluck-your-eyes-out violation of the Corvette ethos. Of course, so was this.) The reality is that I’m likely to be able to own a Corvette only if I get a visit from the Corvette Fairy, whose office is next door to the Easter Bunny. (I hope this isn’t foreshadowing: When I interviewed Dave Richter of Valley Corvette for a car enthusiast story in the late great Marketplace Magazine, he said that the most popular Corvette in most fans’ minds was a Corvette built during their days in high school. This would be a problem for me in that I graduated from high school in 1983, when no Corvette was built.) The Corvette is one of those cars whose existence may be difficult to understand within General Motors Corp. The Corvette is what is known as a “halo car,” a car that drives people into showrooms, even if…
    • Barges on fouru0026nbsp;wheelsI originally wrote this in September 2008.  At the Fox Cities Business Expo Tuesday, a Smart car was displayed at the United Way Fox Cities booth. I reported that I once owned a car into which trunk, I believe, the Smart could be placed, with the trunk lid shut. This is said car — a 1975 Chevrolet Caprice coupe (ours was dark red), whose doors are, I believe, longer than the entire Smart. The Caprice, built down Interstate 90 from us Madisonians in Janesville (a neighbor of ours who worked at the plant probably helped put it together) was the flagship of Chevy’s full-size fleet (which included the stripper Bel Air and middle-of-the-road Impala), featuring popular-for-the-time vinyl roofs, better sound insulation, an upgraded cloth interior, rear fender skirts and fancy Caprice badges. The Caprice was 18 feet 1 inch long and weighed 4,300 pounds. For comparison: The midsize Chevrolet of the ear was the Malibu, which was the same approximate size as the Caprice after its 1977 downsizing. The compact Chevrolet of the era was the Nova, which was 200 inches long — four inches longer than a current Cadillac STS. Wikipedia’s entry on the Caprice has this amusing sentence: “As fuel economy became a bigger priority among Americans…
    • Behind the wheel
    • Collecting only dust or rust
    • Coooooooooooupe!
    • Corvettes on the screen
    • The garage of misfit cars
    • 100 years (and one day) of our Chevrolets
    • They built Excitement, sort of, once in a while
    • A wagon by any otheru0026nbsp;nameFirst written in 2008. You will see more don’t-call-them-station-wagons as you drive today. Readers around my age have probably had some experience with a vehicle increasingly rare on the road — the station wagon. If you were a Boy Scout or Girl Scout, or were a member of some kind of youth athletic team, or had a large dog, or had relatives approximately your age, or had friends who needed to be transported somewhere, or had parents who occasionally had to haul (either in the back or in a trailer) more than what could be fit inside a car trunk, you (or, actually, your parents) were the target demographic for the station wagon. “Station wagons came to be like covered wagons — so much family activity happened in those cars,” said Tim Cleary, president of the American Station Wagon Owners Association, in Country Living magazine. Wagons “were used for everything from daily runs to the grocery store to long summer driving trips, and while many men and women might have wanted a fancier or sportier car, a station wagon was something they knew they needed for the family.” The “station wagon” originally was a vehicle with a covered seating area to take people between train stations…
    • Wheels on theu0026nbsp;screenBetween my former and current blogs, I wrote a lot about automobiles and TV and movies. Think of this post as killing two birds (Thunderbirds? Firebirds? Skylarks?) with one stone. Most movies and TV series view cars the same way most people view cars — as A-to-B transportation. (That’s not counting the movies or series where the car is the plot, like the haunted “Christine” or “Knight Rider” or the “Back to the Future” movies.) The philosophy here, of course, is that cars are not merely A-to-B transportation. Which disqualifies most police shows from what you’re about to read, even though I’ve watched more police video than anything else, because police cars are plain Jane vehicles. The highlight in a sense is in the beginning: The car chase in my favorite movie, “Bullitt,” featuring Steve McQueen’s 1968 Ford Mustang against the bad guys’ 1968 Dodge Charger: [youtube=http://www.youtube.com/watch?v=GMc2RdFuOxIu0026amp;fmt=18] One year before that (but I didn’t see this until we got Telemundo on cable a couple of years ago) was a movie called “Operación 67,” featuring (I kid you not) a masked professional wrestler, his unmasked sidekick, and some sort of secret agent plot. (Since I don’t know Spanish and it’s not…
    • While riding in my Cadillac …
  • Entertainments
    • Brass rocksThose who read my former blog last year at this time, or have read this blog over the past months, know that I am a big fan of the rock group Chicago. (Back when they were a rock group and not a singer of sappy ballads, that is.) Since rock music began from elements of country music, jazz and the blues, brass rock would seem a natural subgenre of rock music. A lot of ’50s musical acts had saxophone players, and some played with full orchestras … [youtube=http://www.youtube.com/watch?v=9CPS-WuUKUE] … but it wasn’t until the more-or-less simultaneous appearances of Chicago and Blood Sweat u0026amp; Tears on the musical scene (both groups formed in 1967, both had their first charting singles in 1969, and they had the same producer) that the usual guitar/bass/keyboard/drum grouping was augmented by one or more trumpets, a sax player and a trombone player. While Chicago is my favorite group (but you knew that already), the first brass rock song I remember hearing was BSu0026amp;T’s “Spinning Wheel” — not in its original form, but on “Sesame Street,” accompanied by, yes, a giant spinning wheel. [youtube=http://www.youtube.com/watch?v=qi9sLkyhhlE] [youtube=http://www.youtube.com/watch?v=OxWSOuNsN20] [youtube=http://www.youtube.com/watch?v=U9U34uPjz-g] I remember liking Chicago’s “Just You ‘n Me” when it was released as a single, and…
    • Drive and Eat au0026nbsp;RockThe first UW home football game of each season also is the opener for the University of Wisconsin Marching Band, the world’s finest college marching band. (How the UW Band has not gotten the Sudler Trophy, which is to honor the country’s premier college marching bands, is beyond my comprehension.) I know this because I am an alumnus of the UW Band. I played five years (in the last rank of the band, Rank 25, motto: “Where Men Are Tall and Run-On Is Short”), marching in 39 football games at Camp Randall Stadium, the Hubert H. Humphrey Metrodome in Minneapolis, Michigan Stadium in Ann Arbor, Memorial Stadium at the University of Illinois (worst artificial turf I had ever seen), the University of Nevada–Las Vegas’ Sam Boyd Silver Bowl, the former Dyche Stadium at Northwestern University, five high school fields and, in my one bowl game, Legion Field in Birmingham, Ala., site of the 1984 Hall of Fame Bowl. The UW Band was, without question, the most memorable experience of my college days, and one of the most meaningful experiences of my lifetime. It was the most physical experience of my lifetime, to be sure. Fifteen minutes into my first Registration…
    • Keep on rockin’ in the freeu0026nbsp;worldOne of my first ambitions in communications was to be a radio disc jockey, and to possibly reach the level of the greats I used to listen to from WLS radio in Chicago, which used to be one of the great 50,000-watt AM rock stations of the country, back when they still existed. (Those who are aficionados of that time in music and radio history enjoyed a trip to that wayback machine when WLS a Memorial Day Big 89 Rewind, excerpts of which can be found on their Web site.) My vision was to be WLS’ afternoon DJ, playing the best in rock music between 2 and 6, which meant I wouldn’t have to get up before the crack of dawn to do the morning show, yet have my nights free to do whatever glamorous things big-city DJs did. Then I learned about the realities of radio — low pay, long hours, zero job security — and though I have dabbled in radio sports, I’ve pretty much cured myself of the idea of working in radio, even if, to quote WAPL’s Len Nelson, “You come to work every day just like everybody else does, but we’re playing rock ’n’ roll songs, we’re cuttin’ up.…
    • Monday on the flight line, not Saturday in the park
    • Music to drive by
    • The rock ofu0026nbsp;WisconsinWikipedia begins its item “Music of Wisconsin” thusly: Wisconsin was settled largely by European immigrants in the late 19th century. This immigration led to the popularization of galops, schottisches, waltzes, and, especially, polkas. [youtube=http://www.youtube.com/watch?v=yl7wCczgNUc] So when I first sought to write a blog piece about rock musicians from Wisconsin, that seemed like a forlorn venture. Turned out it wasn’t, because when I first wrote about rock musicians from Wisconsin, so many of them that I hadn’t mentioned came up in the first few days that I had to write a second blog entry fixing the omissions of the first. This list is about rock music, so it will not include, for instance, Milwaukee native and Ripon College graduate Al Jarreau, who in addition to having recorded a boatload of music for the jazz and adult contemporary/easy listening fan, also recorded the theme music for the ’80s TV series “Moonlighting.” Nor will it include Milwaukee native Eric Benet, who was for a while known more for his former wife, Halle Berry, than for his music, which includes four number one singles on the Ru0026amp;B charts, “Spend My Life with You” with Tamia, “Hurricane,” “Pretty Baby” and “You’re the Only One.” Nor will it include Wisconsin’s sizable contributions to big…
    • Steve TV: All Steve, All the Time
    • “Super Steve, Man of Action!”
    • Too much TV
    • The worst music of allu0026nbsp;timeThe rock group Jefferson Airplane titled its first greatest-hits compilation “The Worst of Jefferson Airplane.” Rolling Stone magazine was not being ironic when it polled its readers to decide the 10 worst songs of the 1990s. I’m not sure I agree with all of Rolling Stone’s list, but that shouldn’t be surprising; such lists are meant for debate, after all. To determine the “worst,” songs appropriate for the “Vinyl from Hell” segment that used to be on a Madison FM rock station, requires some criteria, which does not include mere overexposure (for instance, “Macarena,” the video of which I find amusing since it looks like two bankers are singing it). Before we go on: Blog posts like this one require multimedia, so if you find a song you hate on this blog, I apologize. These are also songs that I almost never listen to because my sound system has a zero-tolerance policy — if I’m listening to the radio or a CD and I hear a song I don’t like, it’s, to quote Bad Company, gone gone gone. My blonde wife won’t be happy to read that one of her favorite ’90s songs, 4 Non Blondes’ “What’s Up,” starts the list. (However,…
    • “You have the right to remain silent …”
  • Madison
    • Blasts from the Madison media past
    • Blasts from my Madison past
    • Blasts from our Madison past
    • What’s the matter with Madison?
    • Wisconsin – Madison = ?
  • Sports
    • Athletic aesthetics, or “cardinal” vs. “Big Red”
    • Choose your own announcer
    • La Follette state 1982 (u0022It was 30 years ago todayu0022)
    • The North Dakota–Wisconsin Hockey Fight of 1982
    • Packers vs. Brewers
  • Hall of Fame
    • The case(s) against teacher unions
    • The Class of 1983
    • A hairy subject, or face the face
    • It’s worse than you think
    • It’s worse than you think, 2010–11 edition
    • My favorite interview subject of all time
    • Oh look! Rural people!
    • Prestegard for president!
    • Unions vs. the facts, or Hiding in plain sight
    • When rhetoric goes too far
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