Friday, February 10th, 2023
Here’s a longer-than-usual LinkSwarm, since last week’s edition was wiped out by the ice storm power outage.
The leftwing corruption of all government institutions continues apace. “US lost 287,000 jobs while government was reporting +1 million in gains.” (Hat tip: Instapundit.)
More cheery Biden Economy news: “Warning Signs Indicate a Great Depression May Be Coming.”
“That’s because economic growth is slowing down,” explains research fellow EJ Antoni. “Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.”
“Meanwhile, residential investment fell off a cliff,” Antoni continued, “dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.”
There was a gain in net exports, but that was largely a mirage created by a major slowdown in international trade. “Imports are simply falling faster than exports, which shows up as an increase in GDP.”
But probably most concerning to Antoni is the sharp decline in real disposable income in 2022, which exceeded $1 trillion.
“This is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression,” he observed. “To keep up with inflation, consumers are depleting their savings and burning through the ‘stimulus’ checks they received during 2020 and 2021. Credit card debt continues growing, while savings plummeted $1.6 trillion last year, falling below 2009 levels.”
(Hat tip: Stephen Green at Instapundit.)
Boom. “Texas has punted Citigroup from the syndicate that’s set to manage the Lone Star state’s largest-ever municipal bond offering, saying the bank’s policies for gun retailers discriminate against the firearms industry.”
“DeSantis Admin Revokes Liquor License of Orlando Venue That Hosted Sexual Drag Show for Children.” Good.
“DeSantis Takes Wrecking Ball To ‘Diversity, Equity, And Inclusion’ Bureaucracy In Florida Public Universities. Even better!
Also, the College Board caved and removed Critical Race Theory material from its Advanced Placement African American Studies.
DNC to Iowa: Drop Dead.
“368 Arrested, 131 Rescued In California Sex Trafficking Operation.”
Just what our health care system needs: “25 People Charged In Fake Nursing Diploma Operation,” in Delaware, New York, New Jersey, Texas, and Florida.
Hunter Biden admits that that the laptop is his. This is 100 times more important a story than the Chinese spy balloons.
“U.S. Deploys 100 New Tank Transporters to Move M1 Tanks Quickly in Europe.”
Suicide bomber blows up mosque in Pakistan.
Journalists drop the mask. “Objectivity Has Got To Go.”
Related: CNN Ratings hit nine year low.
Gawker shuts down. Let’s have a moment of silenceOK that’s enough. (Hat tip: Dwight.)
Grand Theft Pollo. The food service director of an impoverished Illinois school district was charged with stealing $1.5 million of food — most of which was chicken wings. Vera Liddell, 66, allegedly began stealing from the Harvey School District during the height of COVID-19.” (Hat tip: Dwight.)
That old Communist Magic: “Food in Cuba is both scarce and unaffordable as prices double while incomes remain stagnant.” (Hat tip: The Other McCain.)
Important safety tip: Try not to poke downed kamikaze loitering munition drones with a stick.
It now costs more to fuel an electric car than a gas-powered one.
Bill Maher continues to take regular red pills. “The problem with communism and some very recent ideologies here at home, is that they think you can change reality by screaming at it.”
We could be heroes, just for one day. Or once a month, as the case may be…
Over 400 sandwiches and pre-packaged meals recalled due to listeria.
This week in rapper murders: “Tampa rapper arrested for young mother’s murder days after being acquitted of recording studio double-murder.”
A Tampa jury acquitted Billy Adams of killing two men in a makeshift recording studio in Lutz. He walked free from a Tampa courtroom on January 27.
Three days later, a young mother who was pregnant with her second child was found shot to death in a residential area of New Tampa. Her toddler was still in her vehicle nearby.
A week after her death, Tampa police said Billy Adams “did admit to being the one to pull the trigger.”
(Hat tip: Dwight.)
How Louis C.K. uncancelled himself.
Related: Louis C.K. discusses how he develops a set on Joe Rogan.
The ice storm took out KXAN’s transmitter tower. (Hat tip: Dwight.)
The last 747 rolls out. (Hat tip: Dwight.)
Ozzy Osbourne retires from touring at age 74. Honestly, the odds Ozzy would even make it to 74 must have seemed pretty daunting throughout much of his life.
Professional eater vs. giant calzone.
World’s oldest dog is a Good Boy.
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