Last Call For The House GOP Circus Of The Damned, Con't

New Speaker, same old incompetence as America rushes towards a GOP caused shutdown, completely unable to pass their massive spending cuts because gosh, they're unpopular.

House Republicans closed out the week by canceling votes on two party-line funding bills in the span of 48 hours, a setback for new Speaker Mike Johnson and a sign of persisting dysfunction in the chamber ahead of a key funding deadline.

They pulled a transportation-housing bill late Tuesday as some coastal Republicans opposed cuts to Amtrak. And they yanked a financial services and general government measure on Thursday morning that included divisive anti-abortion language.

It's a step backward for Johnson, R-La., who had hoped to show progress on appropriations bills championed by his party's conservative wing in order to secure their votes to pass a short-term bill that would keep the government open beyond the Nov. 17 deadline.

And it shows how ungovernable the House continues to be after right-wing Republicans ousted Speaker Kevin McCarthy over complaints about his handling of government funding.

"I don't think the Lord Jesus himself could manage this group," said Rep. Troy Nehls, R-Texas. He added that he would pray for the new speaker as the House adjourned for a long weekend.

"We’re still dealing with the same divisions we always have had," said another House Republican. "We’re ungovernable."

On Capitol Hill, questions abound about how the new speaker will handle his first big test in a divided government, where he must balance the demands of ultraconservatives with a Democratic-led Senate and president.

"I think there's a honeymoon period here. I'm not sure how long it lasts, maybe 30 days," said Rep. Thomas Massie, R-Ky. "But with what's going on on the floor today, I think that indicates the honeymoon might be shorter than we thought."

This week, Johnson held multiple meetings with groups of rank-and-file Republicans about a path forward on a short-term funding bill, known as a continuing resolution or CR. But lawmakers didn’t get a good read on Johnson's yet-to-be-unveiled strategy: Some thought he might go with a “clean” CR without controversial policy add-ons that would fund the government into January, while others believed the speaker would back a two-step CR proposed by members of the far-right Freedom Caucus.

"He wants a simple plan that will pass the Senate," said moderate Rep. Don Bacon, R-Neb., who met with Johnson on Wednesday along with roughly 20 other lawmakers. "We should do the hard fights on appropriations and the border, and all that stuff. We shouldn't have the hard fight on the CR — let's keep the government open and make it bipartisan."

Republicans said Johnson will need to make a call on a CR strategy by Friday to abide by the 72-hour rule, which gives lawmakers sufficient time to read the legislation before voting on it early next week. Members departed Washington on Thursday afternoon and will return on Monday.

"We've got to get the Senate something, and you'll see us get the Senate something," said conservative Rep. Ralph Norman, R-S.C., who met with Johnson and is pushing for the two-step process that's been termed a "laddered CR."

But of course there's no reason to believe that the House GOP can pass anything without Democratic votes, and that puts us right back where we were when McCarthy got tossed. 

Mike Johnson might not survive the month as Speaker.

Last Call Fof The GOP Circus Of The Damned, Con't

With Mike Johnson as Ringmaster, the House GOP Clown Show is back, extorting American taxpayers coming and going in the name of owning the libs and protecting billionaire tax cheats.

The White House quickly dismissed a proposal Monday from House Republicans to pay for aid for Israel amid its war with Hamas by cutting funds for the Internal Revenue Service (IRS).

“Politicizing our national security interests is a nonstarter. Demanding offsets for meeting core national security needs of the United States — like supporting Israel and defending Ukraine from atrocities and Russian imperialism — would be a break with the normal, bipartisan process and could have devastating implications for our safety and alliances in the years ahead,” press secretary Karine Jean-Pierre said in a statement.

The White House last week outlined a roughly $106 billion national security supplemental funding request that included money for Israel and Ukraine, which is fighting off invading Russian forces, as well as investments in the Indo-Pacific, humanitarian aid and border security measures.

Jean-Pierre argued there is “strong bipartisan agreement” in providing funding for each of the areas included in the White House proposal.

“Threatening to undermine American national security unless House Republicans can help the wealthy and big corporations cheat on their taxes — which would increase the deficit — is the definition of backwards,” Jean-Pierre said.

“Playing political games that threaten the source of funding for Israel’s self-defense — now and into the future — would set an unacceptable precedent that calls our commitment to one of our closest allies into question,” she added. “We cannot afford to jeopardize that commitment as Israel defends itself from the evil unleashed by Hamas.”

 

As Jon Chait points out, the House GOP bill would eliminate the $30 billion in money in last year's infrastructure bill for the IRS, and send a fraction-- $4 million -- to Israel as aid.

House Republicans have framed this demand for weakening the IRS as a deficit-cutting measure. Johnson “has said the new expenditure must be covered by other spending reductions to avoid adding to the debt,” reports the Washington Post. Representative Chip Roy, a right-wing Republican, claims, “I support Israel, but I am not going to continue to go down this road where we bankrupt our country and undermine our very ability to defend ourselves, much less our allies, by continuing to write blank checks.”

But cutting IRS funding does not avoid bankrupting our country. In fact, it hastens it. IRS funding is used to increase collection of tax payments. In theory, the IRS could be funded so lavishly that additional funding does not yield any net tax revenue, but reality is nowhere close to this level.

Research suggests that every additional dollar in IRS funding yields many times more dollars in revenue, through both direct enforcement and by deterring fraud. One recent paper estimates that a dollar of funding yields $12 in revenue.

The Congressional Budget Office, which issues official budget estimates, is required by law to use far more conservative estimates of the budgetary impact of IRS funding. Even so, its conservative methods would predict the GOP plan to reduce IRS funding will increase the deficit by about $30 billion.

So Republicans are saying this is a plan to “pay for” Israel aid. But that description is close to the opposite of the truth. It’s not a pay-for, it’s an add-on. Democrats and anti-Russia Senate Republicans want to add Israel spending to spending for defending Ukraine. Johnson and the House Republicans want to take out the Ukraine spending and throw in a big handout to rich tax cheats.

 

Nobody likes the IRS, so the Clown Show figures this is an easy win on paper.In practice, this won't get past the Senate and everyone knows it, but the point is to run out the clock in 2.5 weeks and crash the economy as we near the shutdown point on Nov. 17.

It's taking hostages. Meet the new Ringmaster, same as the old Ringmaster.

The Auto Loan Crisis Is Back, Too

High interest rates, chip shortages, and high auto prices are resulting in the worst auto loan market in three decades.

 

Higher car prices and rising interest rates are hindering car owners’ ability to afford their vehicle payments, as 6.1% of subprime auto borrowers are at least 60 days past due on their loans, the highest percentage in data dating back to 1994, according to Bloomberg, which cited Fitch Ratings.

The 6.1% of borrowers behind on auto loans last month marks a surge from the 2.6% reported in May 2021, after the federal government significantly lowered interest rates in the wake of the Covid-19 pandemic.

Higher vehicle prices and borrowing costs—along with continued higher than usual inflation—have fueled the rising number of Americans behind on their auto loans, a problem that might persist given forecasts from Federal Reserve officials who believe high interest rates will continue through 2026.

Margaret Rowe, a senior executive at Fitch, told Bloomberg subprime borrowers can be the first indication of “where we start to see the negative effects of macroeconomic headwinds.”

Generation Z and millennials may account for a significant amount of the borrowers behind on their auto loans, as the two generations recorded auto loan delinquency rates last year that were significantly higher than pre-pandemic levels, according to an NBC News report that cited TransUnion.

Interest rates for used cars are 13.5% on average for those with fair credit but can rocket up to around 21% for those with the worst credit, according to Bankrate.

Rising car prices have in part been caused by a pandemic-induced computer chip shortage, and some chip shortages could continue into 2024, according to J.P. Morgan.

I know we've managed to avoid a recession so far with this week's stellar GDP report and we have more protections in place than we did fifteen years ago, but I'll be damned if this doesn't all feel like the Great Recession is coming. More likely, the massive economic damage from Trump and Covid is only playing out now and the medicine is painful, but the alternative really is another Great Recession, and if we don't stop the guy who got us into this mess in 2019 and he wins in 2024, we are absolutely sunk as an economy.

We've avoided the crack-up for now, but it's going to take years to dig ourselves out of the Trump mess. If we put ourselves back in it, we're not coming up for air.

Last Call For Ridin' With Biden, Con't

There are still plenty of warning signs ahead in the housing, auto loan, and student loan sectors, but for now, not only is America's economy growing under Bidenomics, it's skyrocketing.

 

The U.S. economy grew by an annual rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending — by families, businesses and the government — accelerated, even in the face of fast-rising borrowing costs.

New government data released Thursday by the Bureau of Economic Analysis shows that gross domestic product expanded between July and September, capping five straight quarters of growth and eluding a long-feared recession.

The economy’s resilience is a product of a strong job market and extra pandemic savings, which have made it possible for people to keep spending despite inflation and rising interest rates. Robust government hiring — including 214,000 new jobs between July and September — also added to overall strength.

“It’s enough to knock me over with a feather,” said Diane Swonk, chief economist at KPMG. “We’ve had the most aggressive credit tightening from the Federal Reserve since the 1980s and, guess what, the economy’s accelerating. We really underestimated how much consumers could keep spending."

That spending was broad-based in the third quarter, with U.S. households doubling down on both necessities, such as housing, utilities and prescription drugs, as well as luxuries including dining out, hotel stays and recreation. Businesses and the federal government also continued to spend, though GDP was dragged down by lower non-residential investments.

Overall, the latest spike in GDP is more than double the previous quarter’s annual growth rate of 2.1 percent.

What isn’t clear yet is whether higher borrowing costs could reverse some of these gains in the months to come. Economists say that acceleration in economic growth is likely to slow later this year, as pandemic-era savings dry up and millions of households resume student loan payments. Fears of a government shutdown, ongoing strikes by actors and autoworkers, and worsening wars in Ukraine and Gaza are also adding to the uncertainty.

“The U.S. consumer has so been hanging tough and powering the economy forward, but I expect much slower growth the rest of the year,” said Mark Zandi, chief economist at Moody’s Analytics, who expects economic growth to slow to an annualized rate of 1 percent in the fourth quarter. “There are a lot of headwinds out there.”

In Cincinnati, Dominique Walker just made her first student loan payment in more than three years — which means she’s rethinking all sorts of other expenses, including manicures, massages and morning coffees. She’s packing her lunch a lot more and expects to spend less this holiday season than she has been.

“I’m having to rebalance things,” said Walker, 32, a data management specialist at a hospital. “That extra $305 a month, that has to come from somewhere.”

 

The bad news is that voters think the economy is the worst they've seen in decades.

 

The Fed has lifted borrowing costs 11 times since March 2022, with the goal of slowing the economy enough to stabilize prices. Mortgage rates, at 7.6 percent, are at a two-decade high, and the housing market has all but come to a standstill. But economists say that has freed up Americans to spend elsewhere. Expenditures at restaurants, movie theaters and sporting events have all risen in the past few months, helping support continued hiring in those industries.

Meanwhile, inflation has moderated — to 3.7 percent from last summer’s peak of 9.1 percent — though it remains far higher than the Fed would like.

The spate of growth is welcome news for the White House, which has invested heavily in infrastructure as part of its “Bidenomics” plan. But despite $302 billion in spending, it has struggled to convince voters that its economic policies are working for them. Biden’s ratings on economic matters are lower than ever, with just 32 percent of Americans saying they approve of the president’s handling of the economy in a recent CNBC poll. 

 

The disconnect is staggering. Giving the economy back to Trump would be catastrophic. But tens of millions of Americans want to do just that.

 

A Bleak Test Case For College

A new NY Times analysis finds that rich kids score far higher on SATs/ACTs than poor kids, which is news something akin to "the sun is a burny hot fusion sphere" because it was true when I was in college 30 years ago, but it's even more true now and to an even more astonishing degree.

 

New data shows, for the first time at this level of detail, how much students’ standardized test scores rise with their parents’ incomes — and how disparities start years before students sit for tests.

One-third of the children of the very richest families scored a 1300 or higher, while less than 5 percent of middle-class students did, according to the data, from economists at Opportunity Insights, based at Harvard. Relatively few children in the poorest families scored that high; just one in five took the test at all.

The researchers matched all students’ SAT and ACT scores for 2011, 2013 and 2015 with their parents’ federal income tax records for the prior six years. Their analysis, which also included admissions and attendance records, found that children from very rich families are overrepresented at elite colleges for many reasons, including that admissions offices give them preference. But the test score data highlights a more fundamental reason: When it comes to the types of achievement colleges assess, the children of the rich are simply better prepared.

The disparity highlights the inequality at the heart of American education: Starting very early, children from rich and poor families receive vastly different educations, in and out of school, driven by differences in the amount of money and time their parents are able to invest. And in the last five decades, as the country has become more unequal by income, the gap in children’s academic achievement, as measured by test scores throughout schooling, has widened.

“Kids in disadvantaged neighborhoods end up behind the starting line even when they get to kindergarten,” said Sean Reardon, the professor of poverty and inequality in education at the Stanford Graduate School of Education.

“On average,” he added, “our schools aren’t very good at undoing that damage.”

In the wake of the Supreme Court decision ending race-based affirmative action, there has been revived political momentum to address the ways in which many colleges favor the children of rich and white families, such as legacy admissions, preferences for private school students, athletic recruitment in certain sports and standardized tests.

Yet these things reflect the difference in children’s opportunities long before they apply for college, Professor Reardon said. To address the deeper inequality in education, he said, “it’s 18 years too late.”

The children of the top 0.1 percent, whose parents earned an average of $11.3 million a year in today’s dollars, got far better scores than even the children of the families just below them, the new data shows. For the 12,000 students in this group, opportunities that drive achievement were amplified — exclusive private schools, summers traveling the world and college prep services that cost more than college itself — said John N. Friedman, an economist at Brown, who analyzed the new data with Raj Chetty and David J. Deming of Harvard.

But the larger inequality is between the children of the merely rich and those below them. As class differences have grown more extreme, and a college degree has become more crucial to achieving a middle-class lifestyle or better, it has bred competition among parents anxious about their children’s futures.

“People are kind of jockeying to get into the school district that they think is going to be most beneficial for their kid,” said Ann Owens, a professor of sociology at the University of Southern California, who studies inequality in education. “A lot of this is driven by rising income inequality. When people have more money to spend on stuff, they’re spending it on moving to an affluent neighborhood, or buying their kids test prep and tutors and all these things they think will help them.”

 

And why wouldn't parents help their kids with college test prep? Mine did. The more money you have available, the more assistance you can buy. It's an investment that pays off in the millions over the course of a career.

 

And remember, these numbers are from ten years ago, 2011, 2013, and 2015. It's even worse now in the post-pandemic, assistive-AI, post-affirmative action era of 2023 which we're only now starting to experience.

 

The book on this era of college admissions is being written now, and if you thought disparity was bad before, well...

The Housing Crisis Is Back

I've been warning of another 2008-style housing sector crash for a while now, and it looks like we're getting close to the current bubble bursting and taking the economy with it.

 

Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% lower compared with September 2022.

This is the slowest sales pace since October 2010, during the Great Recession, when the market was in the midst of a foreclosure crisis. As a comparison, just two years ago, when mortgage rates hovered around 3%, home sales were running at a 6.6 million pace. The average rate on the 30-year fixed today is right around 8%, according to Mortgage News Daily.

“As has been the case throughout this year, limited inventory and low housing affordability continue to hamper home sales,” said Lawrence Yun, NAR’s chief economist. “The Federal Reserve simply cannot keep raising interest rates in light of softening inflation and weakening job gains.”

There were 1.13 million homes for sale at the end of September, down more than 8% from a year ago. Inventory is now at a 3.4-month supply, which is slightly better than last year, but only because sales have dropped so much. Supply is based on the current sales pace.

Adding to higher mortgage rates, the median price of a home sold in September was $394,300, up 2.8% year over year. Roughly 26% of home sold above list price, due to the lack of supply which is resulting in bidding wars.

First-time buyers made up just 27% of sales. Historically, they make up about 40%.

While sales were lower across all price points, they fell the least on the higher end. That’s because there is more supply at the higher price points and because higher-end buyers can often use cash. Mortgage demand is now at the lowest level since 1995, according to the Mortgage Bankers Association.

All-cash sales made up 29% of all September transactions, up from 27% in August and up from 22% in September of last year.

“Although affordability is a headwind, the renewed upward energy that followed the Fed’s September projections might have prompted some shoppers to rush to the closing table, lest they face higher mortgage rates and even worse affordability in the months ahead. If so, this could mean a bigger lull in sales activity in the coming months,” said Danielle Hale, chief economist for Realtor.com, in a release.

 

This all should feel very, very familiar to ZVTS readers, except it's not bundled mortgage tranches that's going to kill us, it's hedge funds and venture capitalists with hundreds of billions buying up every house in your county to keep prices artificially high by creating scarcity. Don't get me wrong, there's plenty of games being played on Wall Street, but this time the Too Big To Fail recipients will be gigantic hedge funds and Silly Valley vampires.

 

When those prices stop going up at the Big Casino, a lot of wealth is going to vanish again. Maybe trillions this time.  It won't be "We don't know who owns this mortgage" but "We know exactly who owns it and if they don't get bailed out, the economy will collapse."

When you have almost a third of housing transactions being made in all cash, that's unsustainable. Eventually nobody's going to be able to afford the rent and the property goes fallow, and these hedge fund mega-landlords aren't going to be able to sell at all.

 

And if the housing bubble exploding doesn't crash the economy, well, the banks are running for the hills because Jerome Powell is almost certainly going to raise interest rates again until the economy breaks, and the way things are going in the US House, the federal government will augur in halfway through next month.

And then?

KABOOM.

Getting Drugged Out

With pharmacy chain Rite Aid filing for bankruptcy this week, and the other big pharmacy chains in CVS and Walgreens expected to close hundreds of locations, it's looking like the pharmacy may go the way of the video store by the end of the decade.

 

Drugstore chains for decades saturated US cities, suburbs and small towns with new stores.

Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. Researchers find pharmacy closures lead to health risks such as older adults failing to take medication.

Rite Aid, the third largest standalone pharmacy chain, filed for bankruptcy Sunday and will reportedly close roughly 400 to 500 of its approximately 2,200 stores.

Rite Aid was undone by competition from larger rivals, its $3.3 billion debt load, and expensive legal battles for its alleged role in fueling the opioid crisis.

It comes amid walkouts by Walgreens pharmacists and technicians around the country and at CVS stores in Kansas City over low pay and understaffed stores.
Drug store struggles

Rite Aid’s bankruptcy reflects long-term struggles in the retail pharmacy industry.

The majority of drugstores’ sales comes from filling prescriptions. But their profits from that segment have declined in recent years because of lower reimbursement rates for prescription drugs.

The front end of drugstores, where they sell snacks and household staples, also face pressure.

CVS, Walgreens and Rite Aid are eliminating some locations as they face rising competition for these items from Amazon, big-box stores with pharmacies like Walmart, and Dollar General in rural areas.

Although drugstores benefited during the pandemic from people getting Covid-19 vaccines, fewer consumers visited stores to shop and prescription volumes fell because people were getting fewer elective procedures.

“The pandemic was not a strong time for drugstores,” said David Silverman, a senior director at Fitch Ratings.

Theft has become a problem for drugstores in some locations, and some stores have resorted to locking up products to prevent theft. But this has made the customer experience worse.

“Theft appears to be hitting drug retailers more than other categories,” Silverman said.

Drugstores are trying to pivot into the more lucrative health care industry in recent years and become primary care providers. CVS acquired health insurer Aetna, and Walgreens took a majority stake in primary care network VillageMD.

But this strategy requires fewer brick-and-mortar retail stores.

 

Walmart and Target were always threats to drugstore chains, but Amazon is going to finish them off.  Cheap prescriptions that you don't have to pick up and the pharmacist doesn't run out of? Yeah, I can already see how this is going to go.

 

On the other hand, if the Supreme Court gets rid of by-mail abortion pills, I can certainly see brick-and-mortar pharmacy companies ganging up on Amazon.

 

On the gripping hand, if your local chain drugstore isn't careful, they may put themselves out of business too if Congress and/or SCOTUS decide pills by mail is too dangerous. I don't see that happening, but who knows with this Congress, and this SCOTUS?

 

 

New Zealand Goes Right, Away

And on the same weekend where Australian voters resoundingly rejected codified rights for Indigenous people, neighboring New Zealand has seen voters sending the ruling Labour Party to the bench and have elected a right-wing conservative nationalist coalition that is promising to cut taxes, inflation, and oh yes, immigration.

 

New Zealand’s next prime minister will be Christopher Luxon, a former chief executive of Air New Zealand, whose center-right National Party will lead a coalition with Act, a smaller libertarian party.

Addressing a euphoric crowd at his party’s victory event on Auckland’s waterfront, Mr. Luxon thanked supporters and promised a better and more stable future for the country.

“Our government will deliver for every New Zealander,” he said, to whoops and cheers. “We will rebuild the economy and deliver tax relief.”

The rightward drift ended six years of the Labour government that was dominated by Ms. Ardern, who stepped down early this year.

“She’s probably the most consequential prime minister we’ve had since David Lange,” the Labour leader who came to power in 1984, “and, from an international point of view, most charismatic,” said Bernard Hickey, an economic and political commentator in Auckland, New Zealand. “But this election is the landmark of her failure.”

For many voters, Ms. Ardern and her successor, Chris Hipkins, failed to deliver on the Labour Party’s promise of transformational change. In the weeks leading up to the election, New Zealanders, buffeted by the currents of global inflation and its larger Asia Pacific neighbors’ economic woes, overwhelmingly cited cost of living as the primary concern driving their vote.

The coalition is a return to form for New Zealand, which since moving to a system of proportional representation in 1993 has had only one single-party government — the Labour government elected in 2020 under Ms. Ardern. But it is the first time National, which last governed alone in the early 1980s, has been in coalition with a more conservative partner.

With most of the vote counted, support for the Labour Party, which won 50 percent of the vote in 2020, buoyed by the country’s strong response to the coronavirus pandemic, has collapsed to 27 percent.

The National Party won 39 percent of the vote, up from 26 percent in 2020. Among the smaller parties, the Green Party took 11 percent of the vote, and Act won 9 percent. But those results could shift slightly after “special” votes were counted, including those of overseas New Zealanders. That could potentially force Act and National into coalition with New Zealand First, a longtime kingmaker that played a role in Ms. Ardern’s ascent, to push the right-wing coalition over the halfway mark.

Addressing party members in Wellington, Mr. Hipkins said he had conceded the election to Mr. Luxon and celebrated Labour’s accomplishments on alleviating child poverty and navigating New Zealand through the coronavirus pandemic, the Christchurch massacres and the White Island volcano eruption.

“We will keep fighting for working people, because that is our history and our future,” he said.

 

And yes, the rights for New Zealand's Maori population are now expected to be put to a vote.

The new National-led government, despite being more conservative, was unlikely to make significant changes on many social issues, said Ben Thomas, a former press secretary for the National Party.

“Nobody wants to re-litigate abortion or homosexual marriage,” he said. “Unlike the States, where there’s a constant battle to try and roll back progressive legislation, the conservative tradition in New Zealand is ‘We’ve always gone just about far enough.’”

But Act may seek to push policy priorities of its own, including a referendum to reconsider the role New Zealand’s Indigenous Maori people play in policymaking.

“What they actually want is a referendum which defines away any kind of standing or rights guaranteed to Maori by the Treaty,” Mr. Thomas said, referring to an 1840 agreement that governs New Zealand legislation to this day.

He added: “What you might broadly call racial tensions — over race and policy, Maori policy, Treaty policy — are greater than at any point since 2005.”

 

Putting rights of a minority group to a vote never seems to end well in any country. I don't expect New Zealand to be any different.

Prime Time Drama

The Biden Administration is filing an anti-trust suit against Amazon over having monopoly power large enough to "warp the entire internet economy".

 

The Federal Trade Commission, the U.S. government’s primary business regulator, sued Amazon on Tuesday, alleging that the company has used its market power to warp ecommerce across the internet.

The allegations focus on the company’s primary marketplace, Amazon.com, and paint a picture of a company able to use its size and power to pressure sellers to agree to its terms and warp the prices of goods.

“There is immediate harm that is ongoing here,” FTC Chair Lina Khan said at a news conference ahead of the lawsuit announcement. “Sellers are paying one of every $2 to Amazon. Shoppers are paying higher prices as a result, not just on Amazon but across the internet. And the public as a whole has been deprived of the benefits of open and fair and free competition. And so that’s what this case is really about, and those are the harms that we’re looking to fix.”

The FTC made the allegations in an antitrust lawsuit in the U.S. District Court for the Western District of Washington state, backed by the attorneys general of 17 states, including two Republicans. Amazon is based in Washington state.

The lawsuit is the most aggressive action yet by Khan, a longtime critic of Amazon who was brought in to the FTC by President Joe Biden to reinvigorate the government’s enforcement of competition laws particularly around technology companies.

The FTC alleges that Amazon deters sellers from discounting goods and lowering prices below what is available on Amazon, pushing prices higher across the internet. It also argues that Amazon pushes sellers into its fulfillment services, making it more expensive for sellers to offer their goods elsewhere.

California lodged similar complaints in a lawsuit filed just more than a year ago.

Kahn declined to directly address whether she hoped the suit would lead to a breakup of Amazon into smaller companies, but stressed that it showed Amazon had established an unfair advantage.

“Each element of Amazon’s monopolistic strategy here is working in tandem, and so the cumulative impact of Amazon’s unlawful conduct is greater than the harm caused by any particular element,” she said. “So you have a feedback loop between these different practices in a way that amplifies the overall exclusionary effects.”

In a statement posted to Amazon’s website, David Zapolsky, Amazon's senior vice president for global public policy, said: “The practices the FTC is challenging have helped to spur competition and innovation across the retail industry, and have produced greater selection, lower prices, and faster delivery speeds for Amazon customers and greater opportunity for the many businesses that sell in Amazon’s store.”

 

Amazon's defense is "Nu-uh, we're helping."

 

By the way, that $89 year of Amazon Prime is now $139, a nearly 50% price hike from just five years ago. On top of everything else, they get you coming and going.

As I've said before, breaking up Amazon, Google, and Meta needs to happen sooner rather than later. Lina Kahn may have lost a few battles, but this is the one she needs to win.

Unionized, Galvanized And Ionized, Con't

Donald Trump went to a non-union auto plant in Michigan on Thursday, with non-union workers on a non-union floor, to demand that actual striking union auto workers support him in 2024 or else.

 

Former president Donald Trump sharpened a stridently nationalist pitch for a general election rematch against President Biden, trading the GOP primary debate stage for a factory floor where he demanded union support for his vision of more aggressive state intervention in industrial policy.

With public surveys consistently showing him with a double-digit lead over his Republican rivals nationally and in early nominating contests, Trump sought to portray the next election as a choice between certain doom for the auto industry or utopian-sounding industrial growth built on trade restrictions, fossil fuels and even expropriation of foreign assets.

“I’m here tonight to lay out a vision for a revival of economic nationalism,” Trump said. “The Wall Street predators, the Chinese cheaters and the corrupt politicians have hurt you. I will make you better. For years, foreign nations have looted and plundered your hopes, your dreams and your heritage, and now they’re going to pay for what they have stolen and what they have done to you, my friends.”

He added: “We’re going to take their money. We’re going to take their factories. We’re going to rebuild the industrial bedrock of this country.”

A campaign spokesman did not immediately clarify what Trump meant by taking “their” money and factories.

Without specifying how, Trump suggested he could restore domestic manufacturing immediately and with a pen stroke.

“A vote for President Trump means the future of the automobile will be made in America,” he said to chants of “USA.”

“It will be fueled by American energy. It will be sourced by American suppliers. It will be sculpted from American iron, aluminum and steel, and it will be built by highly skilled American hands and high wage American labor. We’ll do it first day in office; it’ll be signed out first day in office.”

Trump offered his support to striking members of the United Auto Workers but demanded the union’s official endorsement or else warned of their imminent extinction. He excoriated Biden administration policies encouraging domestic investment in electric vehicles, calling them an existential danger to U.S. manufacturing and describing efforts to limit planet-warming emissions as irreconcilable with auto industry jobs.

“It’s a government assassination of your jobs and of your industry, the auto industry is being assassinated,” he said. “To the striking workers, I support you when you go to fair wages and greater stability. And I truly hope you get a fair deal for yourselves and your families. But if your union leaders will not demand that Crooked Joe repeal his electric vehicle mandate immediately, then it doesn’t matter what hourly wage you get. It just doesn’t make a damn bit of difference because in two to three years you will not have one job in this state.”

A Biden campaign spokesman accused Trump of mischaracterizing the current administration’s policies. “Trump had the United States losing the EV race to China and if he had his way, the jobs of the future would be going to China,” spokesman Kevin Munoz said in a statement.

 

Open threats to auto workers to either join his nationalization of the auto industry or be destroyed. That's the kind of second term Trump wants, and he's making the threats very clear. He has been for months.

 

And still half the country is willing to re-elect him, not in spite of the carnage he'll wreak upon America, but so they can be backing up the bad guys. Penty of our neighbors, co-workers, and family want a healthy chunk of Americans reduced to second-class status so that they believe they can benefit, or at least stay out of the crosshairs for a while.

History of course tells us what happens to those collaborators.

 

 

Last Call For Shutdown Countdown, Clown Town Edition, Con't

Senate leaders Chuck Schumer and Mitch McConnell just knocked the Big Top blocks out from under House GOP Circus Ringmaster Kevin McCarthy.

 

Senate Republicans and Democrats reached agreement on Tuesday on a stopgap spending plan that would head off a government shutdown on Sunday while providing billions in disaster relief and aid to Ukraine, but the measure faced resistance in the Republican-led House.

The legislation cleared its first procedural obstacle Tuesday night on a bipartisan vote of 77 to 19. It would keep government funding flowing through Nov. 17 to allow more time for negotiations over yearlong spending bills and provide about $6 billion for the Ukraine war effort as well as approximately $6 billion for disaster relief in the wake of a series of wildfires and floods.

Senate leaders hoped to pass it by the end of the week and send it to the House in time to avert a shutdown now set to begin at midnight Saturday. But there was no guarantee that Speaker Kevin McCarthy would bring the legislation to the House floor for a vote, since some far-right Republicans have said they would try to remove him from his post if he did.

Still, in putting the legislation forward, Senate leaders in both parties were ratcheting up the pressure on Mr. McCarthy, who has failed to put together a temporary spending plan of his own.

Senator Chuck Schumer, Democrat of New York and the majority leader, said the Senate agreement “will continue to fund the government at present levels while maintaining our commitment to Ukraine’s security and humanitarian needs while also ensuring those impacted by disasters across the country begin to get the resources they need.”

Senator Susan Collins of Maine, the top Republican on the Appropriations Committee, urged her colleagues to support the plan, warning that shutdowns “do not accomplish the goals that people who advocate government shutdowns think will be accomplished.”

“I’ve been through two government shutdowns,” Ms. Collins said, “and I can tell you they are never good policy.”

The Senate proposal would meet stiff resistance from House Republicans because it includes assistance for Ukraine that many of them oppose and maintains federal funding at current levels. Many House Republicans are demanding steep cuts in even an interim funding plan. As a result, Mr. McCarthy would need Democratic votes to pass it, and leaning on Democrats would stir a backlash from his own party.

Mr. McCarthy on Tuesday told reporters at the Capitol that he would not address “hypotheticals” about whether he would put a stopgap plan passed by the Senate to a vote on the House floor. He and his deputies were toiling ahead of a scheduled vote on Tuesday evening to round up support to allow a group of yearlong spending bills to come to the floor for debate, even as a group of hard-right Republicans vowed to continue blocking them.

“I heard all this time, they’re going to pass appropriations bills all month,” Mr. McCarthy told reporters at a separate news conference later in the day. “Remember, you all wrote about it? They were the good chamber. So when they pass something, come back and ask.”

 

Boy, somebody woke up on the wrong side of the circus boxcar hammock, didn't he?

 

Still, McCarthy has nobody to blame but himself. He's no longer Speaker but in name only, and if he tries to bring the bill to a House floor vote, he may get removed before he can do it. I don't expect Hakeem Jeffries will help McCarthy out of the Big Top until after the Senate stopgap bill gets passed in the House, but that leaves us with six weeks to figure out who's replacing him.

 

Of course, McCarthy's a coward, and that means he may let the government shut down anyway.

 

We'll see. The Senate bill has to pass first before anything happens.

 

 

Of course, then we get to have the new fight with the new Ringmaster.

 

 

Last Call For Shutdown Countdown, Clown Town Edition

With under a week to go before the GOP shuts down the government,  the only questions now appear to be how long the shutdown lasts, and how quickly GOP House Speaker Kevin McCarthy is replaced by Republicans (and by whom) when he inevitably caves.

 

Rep. Tim Burchett, R-Tenn., said he would consider voting to oust House Speaker Kevin McCarthy, R-Calif., should the speaker opt to work with Democrats to pass funding measures ahead of the Sept. 30 funding deadline.

"That would be something I would look strongly at," Burchett said in an interview on CNN's "State of the Union."

Burchett dismissed the notion that he and other House Republicans opposed to passing a short-term stopgap measure are at fault if lawmakers fail to pass spending measures, noting that the group made their priorities clear far before House members returned from August recess.

"We're gonna get the blame because we're trying to do our job," Burchett said.

 

Like most terrorists, Burchett believes he and his fellow economic suicide bombers are the good guys here.

 

The bigger problem is that even before Burchett piped up, the number of House Republicans that have said they would be open to replacing McCarthy is already enough to cost him his job.  So again, when he caves, and he will cave, folks, he'll be ousted, as I've been saying for a while now. It's Boehner all over again.

In fact, McCarthy has already caved, backtracking on last week's demand from Marjorie Terrorist Greene that he yank all Ukraine funding from the Pentagon bill.

Who will replace him, well, we'll see.

That Poll-Asked Look, Con't

The latest ABC News/Washington Post poll has Trump up by nine, and while that's a major outlier, the fact is the GOP plan to impeach Biden while Trump burns down everything to martyr himself over his four trials. It may be working.

 

President Joe Biden's job approval rating is 19 points underwater, his ratings for handling the economy and immigration are at career lows. A record number of Americans say they've become worse off under his presidency, three-quarters say he's too old for another term and Donald Trump is looking better in retrospect -- all severe challenges for Biden in his reelection campaign ahead.

Forty-four percent of Americans in the latest ABC News/Washington Post poll say they've gotten worse off financially under Biden's presidency, the most for any president in ABC/Post polls since 1986. Just 37% approve of his job performance, while 56% disapprove. Still fewer approve of Biden's performance on the economy, 30%.

On handling immigration at the U.S.-Mexico border, Biden's rating is even lower, with 23% approval. In terms of intensity of sentiment, 20% strongly approve of his work overall, while 45% strongly disapprove. And the 74% who say he's too old for a second term is up 6 percentage points since May. Views that Trump is too old also are up, but to 50% in this poll, produced for ABC by Langer Research Associates.

Such is down-on-Biden sentiment that if a government shutdown occurs at month's end, 40% say they'd chiefly blame him and the Democrats in Congress, versus 33% who'd pin it on the Republicans in Congress -- even given the GOP infighting behind the budget impasse.

 

Yeah, that's right, Biden will get the blame if the government shuts down. I almost have to ask if the poll took place in a GOP party meeting at this point, but if any of this is remotely true, we're going to give this country away to the fascists because ground beef is $5 instead of $4 a pound.

The crosstabs are...not good. 74% of Americans think the economy is bad, with 87% angry about gas prices and 91% thinking food prices are bad. Hell, at this point a clear majority is upset about the unemployment rate being lower than it was under Trump, 57%. 

 

Some 29% of Americans believe Joe Biden stole the election anyway. Only 60% believe he won legitimately, and the big one, only a third of Dems would back Biden for a second term. That's been true for over a year now.

 

On the other hand, this weekend's NBC News poll finds Trump and Biden tied. 

Looking ahead to the 2024 general election, the NBC News poll shows Biden and Trump tied in a hypothetical contest among registered voters, 46% to 46%.

In June, Biden held a 4-point lead over Trump, 49% to 45%.

According to the new poll, Biden is ahead of Trump among Black voters (76% to 14%), voters between the ages of 18 and 34 (57% to 34%), whites with college degrees (56% to 34%), Latinos (51% to 39%) and women (51% to 41%).

Trump is ahead among rural voters (67% to 31%), men (51% to 40%) white voters (51% to 41%) and whites without college degree (63% to 32%).

Among independents, Biden gets 42%, while Trump gets 35%.

Notably, Biden leads Trump by 18 points among those who “somewhat disapprove” of the president’s job performance (49% to 31%). And nearly 1 in 5 registered voters who say they have concerns about Biden’s age still vote for him over Trump.

In other hypothetical matchups, Biden holds a 1-point lead over DeSantis, 46% to 45%, well within the poll’s margin of error. 

The other good news in that poll, a solid majority oppose the impeachment inquiry against President Biden and it's not even close, 56%-39% against.

The bad news is that given third party candidates, Trump pulls ahead.

In a multi-candidate field including third parties, Trump gets 39% from registered voters, Biden gets 36%, an unnamed Libertarian Party nominee gets 5%, an unnamed No Labels candidate gets 5% and an unnamed Green Party candidate gets 4%.

 

So yes, third party spoilers are just that, and while I don't expect any third party candidate to get more than 1 or 2 percent nationally, it would be enough to throw the election to Trump.

Still, between that Washington Post poll and columnist David Ignatius calling for Biden and Harris to step aside for 2024, you'd be forgiven if you thought the Post had it in for Biden in order to cover a competitive open primary, which the GOP is most certainly not.

Shutdown Countdown, Clown Town Edition, Con't

Turns out GOP House Speaker Kevin McCarthy still doesn't have the votes to pass anything at all as far as keeping the government open as a second attempt to pass a Pentagon funding bill had to be pulled from the House floor, and with the House now in recess, it looks like a GOP-caused shutdown is all but guaranteed.

 

For the second time this week, House Republicans on Thursday failed to start debate on a key military funding bill after five conservative rebels blocked the measure over demands for additional spending cuts.

The defeat marked yet another public embarrassment for Speaker Kevin McCarthy and House Republicans as Washington barrels toward a government shutdown. Then, they left town for the week.

"We are very dysfunctional right now," Rep. Tim Burchett, R-Tenn., said, adding that the failure proves that GOP leaders "obviously can't count" votes, unlike Democrats. "Speaker Pelosi, love her or hate her, she put something out there and they'd rally around it."

McCarthy had vowed that the House would work through the weekend to find a solution to the crisis, with votes expected through Saturday. Now, they've canceled votes for Friday and the weekend, telling members they'll get "ample notice" if any votes are scheduled.

Moderate Rep. Mike Lawler, R-N.Y., who is facing a tough re-election bid next year, has been describing the GOP dysfunction as a "clown show" and warned that pragmatists would work with Democrats to keep the government funded.

 

Even House Republicans themselves are calling this clown show a clown show! 

"For my colleagues, they have to come to a realization: If they are unable or unwilling to govern, others will. And in a divided government where you have Democrats controlling the Senate, a Democrat controlling the White House, there needs to be a realization that you're not going to get everything you want," he said.

"And just throwing a temper tantrum and stomping your feet, frankly not only is it wrong — it's pathetic," Lawler added.

The House paralysis bodes ill for preventing a government shutdown at the end of September, as Republicans remain unable to pass messaging bills that would represent their opening bid and have no chance of passing the Democratic-led Senate. The infighting could only escalate when they have to make policy compromises to accept a bill that President Joe Biden can sign into law.

“At the end of the day, any final bill is going to be bipartisan. And if somebody doesn’t realize that they’re truly clueless,” Lawler said.

Thursday's vote failed 212-216. The Republicans who voted no were Reps. Marjorie Taylor Greene of Georgia; Dan Bishop of North Carolina; Matt Rosendale of Montana; and Andy Biggs and Eli Crane, both of Arizona. Rules Committee Chairman Tom Cole, R-Okla., later switched his vote to no, a procedural move that will allow him to bring the bill up again.

“The problem is, we’ve been doing CRs for 25 years or longer. And that works the same way. Lather, rinse, repeat. The Washington wash cycle,” Bishop said. “So there’s another CR and they get to a few days before Christmas and they pass on monstrous omnibus. That’s exactly the path. We all see it, we all recognize it. The only way to change it is to change it.”

 

But of course Republicans don't have the votes to change it, and they could have passed spending bills months ago without a single Democratic vote. They chose not to. 

Republicans are clowns, period. We're all here to watch the Big Top burn down with them -- and America -- in it.

And when the Villagers are openly asking if Kevin McCarthy is even still in charge and worse, answering that question with "No, Matt Gaetz is running the circus now" then yeah, I don't see how McCarthy seriously survives the next few weeks as Speaker. More than ever it feels like the Clown Town kids table is going to have to eat what the adults in the Senate give them, and that McCarthy's going to spend the holidays shooting hoops in his driveway in sweatpants and muttering about how he was A Contenda™.

His only hope is that Matt Gaetz would be so much worse as Speaker that the thought alone might keep him in the office as whipping boy, and in that scenario, McCarthy's just a puppet.

We'll see.

Shutdown Countdown, Clown Town Edition, Con't

With Tuesday's House GOP vote on Pentagon spending pulled because GOP House Speaker Kevin McCarthy doesn't have the votes to pass anything at this point, a MAGA federal government shutdown now looks all but inevitable.

 

Republican divisions paralyzed the House again on Tuesday as a small band of conservative rebels blocked a motion to merely begin debate on a military funding bill and GOP leaders abandoned a separate vote to avert a shutdown at the end of the month.

The military vote was close, 212-214, with five GOP hardliners in the narrow majority joining Democrats to sink it: Reps. Andy Biggs, R-Ariz., Dan Bishop, R-N.C., Ken Buck, R-Colo., Ralph Norman, R-S.C., and Matt Rosendale, R-Mont.

With just 11 days until the deadline, Norman said a government shutdown is inevitable.

“I do not” see a way to prevent it, Norman said, adding that conservatives want assurances on a “top line” spending level that Congress will stick by before they agree to pass any full-year funding bills.

Meanwhile, a split within the far-right has also endangered a continuing resolution, or CR, to stave off a shutdown on Sept. 30, with some Freedom Caucus members rejecting a deal struck between other Freedom Caucus members and center-right lawmakers. A procedural vote on the CR was planned for Tuesday afternoon, but leadership pulled it off the floor after failing to flip the roughly dozen declared no votes.

"They didn't have the votes," Norman said after meeting with leadership.

The House GOP chaos is worse than it may appear. The bills Republicans are fighting over have no chance of becoming law — and if they passed the chamber they’d merely represent an opening bid to negotiate with the Democratic-led Senate and President Joe Biden, who oppose the spending cuts and conservative policies that House Republicans are pursuing.

 

House Democratic Minority Leader Hakeem Jeffries and President Biden are letting McCarthy burn in the bed he made, and aren't about to help him keep the MAGA promises he made in January to become Speaker. 

With just days to go before the government runs out of money, Biden’s team is watching Congress steam toward a shutdown, resigned to the reality that there’s little they can do now to fix the situation and confident the politics will play out their way.

President Joe Biden has steered well clear of the chaos engulfing the House, where Republicans are battling each other over a government funding bill. Within the White House, aides have settled on a hard-line strategy aimed at pressuring McCarthy to stick to a spending deal he struck with Biden back in May rather than attempt to patch together a new bipartisan bill.

“We agreed to the budget deal and a deal is a deal — House GOP should abide by it,” said a White House official granted anonymity to discuss the private calculations. Their “chaos is making the case that they are responsible if there is a shutdown.”

Biden world’s wait-and-see approach comes against the backdrop of an increasingly likely shutdown, which would be the first of the Biden era.

 

The debt ceiling deal made earlier this year with the White House is the first thing McCarthy's MAGA chuds threw under the bus this month, so there's no reason why the Biden administration would help break their own commitments to the American people.

Rep. Jeffries is working with the House Problem Solvers caucus to get to a deal to end a shutdown, but it's looking like weeks of Clown Town government shutdown well into October in the meantime.

McCarthy is going to have to eventually fold and make the deal with Jeffries and Biden, and that's almost certainly the end of his Speaker career.

Last Call For All Oiled Up In Cali

California Dem Gov. Gavin Newsom and California Dem AG Rob Bonta announced over the weekend a major lawsuit against major energy companies, claiming their fossil fuels products were knowingly sold while being detrimental to the climate, and the state is seeking tens of billions in damages for a fund to alleviate the massive and growing cost of California's climate disasters. 

Democratic California Gov. Gavin Newsom announced a lawsuit Saturday against five major oil companies and their subsidiaries, seeking compensation for damages caused by climate change.

The suit, filed in San Francisco County Superior Court by Democratic Attorney General Rob Bonta, accuses the companies of knowing about the link between fossil fuels and catastrophic climate change for decades but suppressing and spreading disinformation on the topic to delay climate action. The New York Times first reported the case Friday.


The suit also claims that Exxon, Shell, Chevron, ConocoPhillips and BP — as well as the American Petroleum Institute industry trade group — have continued their deception to today, promoting themselves as “green” with small investments in alternative fuels, while primarily investing in fossil fuel products.



It seeks to create a fund that oil companies would pay into to help the state recover from extreme weather events and prepare for further effects of climate change. It argues that California has already spent tens of billions of dollars on responding to climate change, with costs expected to rise significantly.

“The companies that have polluted our air, choked our skies with smoke, wreaked havoc on our water cycle, and contaminated our lands must be made to mitigate the harms they have brought upon the State,” the suit says.

Shell and API said the question of how to address climate change should be dealt with in the policy arena.

“We do not believe the courtroom is the right venue to address climate change, but that smart policy from government and action from all sectors is the appropriate way to reach solutions and drive progress,” Shell spokesperson Anna Arata said in an email.

“This ongoing, coordinated campaign to wage meritless, politicized lawsuits against a foundational American industry and its workers is nothing more than a distraction from important national conversations and an enormous waste of California taxpayer resources,” API Senior Vice President and General Counsel Ryan Meyers said in a statement. “Climate policy is for Congress to debate and decide, not the court system.”

California’s legal action joins dozens of similar lawsuits brought by seven other states and many municipalities seeking to hold major polluters accountable for allegedly lying about their role in causing climate change.

So far the US Supreme Court has passed on turning any of the state cases into federal ones, but I suspect that it may not have a choice here given the size and scope of what this suit represents.

Still, good for Bonta and Newsom. This needs to happen in all states.

Gearing Up For A Strike

The United Auto Workers union went on a targeted strike this morning as the Year of the Strike continues. The Biden administration may have been able to deal with rail workers and UPS employees and get favorable deals for workers, but Hollywood writers, directors and actors are still on the picket lines, and now auto workers are joining the fray.

As the United Auto Workers union is poised to go on a targeted strike against Detroit’s three biggest automakers at midnight Friday morning, Biden administration officials are preparing economic measures to protect suppliers to the auto industry from long-term damage, according to three people aware of internal conversations.

While the administration is not expected to intervene in a strike, Biden aides are worried that a protracted walkout could wipe out the thousands of suppliers that depend on business from the three key automakers, Ford, General Motors and Stellantis, said the people, who spoke on the condition of anonymity to describe private deliberations. Widespread failure of these smaller supplier firms — which number as many as 5,600 — could impede the broader U.S. auto supply chain even after the possible strike ends, according to the people.

It is unclear what form the aid would take, but one option would be for the Labor Department to provide grants to assist workers at firms affected by a strike, two of the people said. Another option could be for the Small Business Administration to provide favorable loans to these firms. The discussions about these measures are preliminary, and talks remain fluid.

“The administration wants to be sure to do what it can to protect the Detroit supply chains,” one administration ally said. This person also spoke on the condition of anonymity to describe private conversations. “They have to worry about how some of the less well-capitalized firms could be at risk.”

A White House spokeswoman declined to comment on any internal planning.

 

It took the rail workers six months to get their sick day demands met even with Congress and the White House ordering rail workers back to work and breaking the strike. The Biden administration was able to avert a UPS strike last month. So we'll see how long this strike lasts.

But yes, striking by a vast majority of US workers is necessary at this point.

 

The Greene Monster Gets Her Due

Once again, Republican Congressmonster Marjorie Taylor Greene is openly calling for secession from the US.

 

IN FEBRUARY, GEORGIA Congresswoman Marjorie Taylor Greene called for a “national divorce” between red and blue states. Now, she’s taking her call for a schism even further by encouraging states to outright “consider seceding from the union.”

On Monday, Greene (R-Ga.) wrote on X (formerly Twitter) that “if the Biden admin refuses to stop the invasion of cartel led human and drug trafficking into our country, states should consider seceding from the union.”

“From Texas to New York City to every town in America, we are drowning from Biden’s traitorous America last border policies,” Greene added.

Months ago, Greene suggested that a “national divorce,” rather than, say, a democratic form of governance, was needed to remedy the disputes between Republican and Democratic states. “From the sick and disgusting woke culture issues shoved down our throats to the Democrat’s traitorous America Last policies, we are done,” Greene said at the time.

 

Once again, the problem isn't Greene. The problem is the party she represents allows her to stay in the House., and there's no reason to believe they will change that, nor the voters in her district. She is allowed to make statements like that as a sitting member of Congress because she is enabled to by the House GOP and the people of Georgia.

And Greene is more than happy to take credit for House Speaker Kevin McCarthy's decision on Tuesday to bring an impeachment inquiry into President Biden to a vote on the House floor. 

Rep. Marjorie Taylor Greene wants it to be known that she was the first to push for impeaching President Joe Biden, chiding fellow Republican Rep. Matt Gaetz for trying to steal some of the credit.

House Speaker Kevin McCarthy on Tuesday announced that he was directing his committees to open a formal impeachment inquiry into President Joe Biden over allegations that the now-president profited off of the business activities of his son, Hunter Biden.

The decision comes as the California Republican has faced mounting pressure over the issue from many members of the ultraconservative House Freedom Caucus, who hold immense sway in the narrow Republican House majority. Greene, a Georgia Republican and key McCarthy ally, was previously ousted from the caucus.

Just minutes before McCarthy made his announcement on Capitol Hill, Gaetz remarked on the Biden impeachment inquiry debate, writing on X that he "pushed" for the Speaker to act on the issue. The Florida Republican is close with the caucus, but he is not a member.

"When @SpeakerMcCarthy makes his announcement in moments, remember that as I pushed him for weeks, @kilmeade said I was: 'Speaking into the wind' on impeachment. Turns out, the wind may be listening!," he said.

But Greene, who has pushed for Biden's impeachment since he first took office, countered Gaetz's argument on X by accusing the lawmaker of being late to the game in seeking going after the president and his son.

"Correction my friend. I introduced articles of impeachment against Joe Biden for his corrupt business dealings in Ukraine & China while he was Vice President on his very first day in office," she said. "You wouldn't cosponsor those and I had to drag you kicking and screaming to get you to cosponsor my articles on the border. Who's really been making the push?

—Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) September 12, 2023

Earlier on Tuesday, Greene said that the impeachment inquiry "isn't a tall order," contending that the House Oversight Committee has "uncovered mountains of evidence of crimes and corruption committed by the Biden family."

The White House on Tuesday immediately pushed back against GOP efforts to start an impeachment inquiry.

"McCarthy is being told by Marjorie Taylor Greene to do impeachment, or else she'll shut down the government," Ian Sams, the White House spokesman for oversight and investigations, wrote on X.

"Opening impeachment despite zero evidence of wrongdoing by POTUS is simply red meat for the extreme rightwing so they can keep baselessly attacking him," he added.

Rep. Ken Buck of Colorado, a member of the House Freedom Caucus, on Sunday told MSNBC's Jen Psaki that the "time for impeachment is the time when there's evidence linking President Biden to a high crime or misdemeanor."

"That doesn't exist right now," he said.

Greene in a recent CNN interview slammed Buck over his stance, remarking that there was an "unbelievable" degree of frustration with the former prosecutor.

"This is the same guy that wrote a book called 'Drain the Swamp', who is now arguing against an impeachment inquiry," she told the network. "I really don't see how we can have a member on Judiciary that is flat out refusing to impeach. … It seems like, can he even be trusted to do his job at this point?"

 

The White House has the right of this, and they're ready to play defense while pointing out the GOP is willing to wreck the economy over nonsense like this, reminding everyone exactly why Trump lost in 2020 and why the GOP lost the Senate...and needs to lose the House again.

Greene wants to take credit? Let her, as loudly and as often as possible.

Last Call For Reparation Nation, Con't

A new LA Times poll finds that Californians are massively opposed to cash reparations for Black citizens in the state as Oakland and other municipalities are suggesting be looked into.

 

California voters oppose the idea of the state offering cash payments to the descendants of enslaved African Americans by a 2-to-1 margin, according to the results of a new poll that foreshadows the political difficulty ahead next year when state lawmakers begin to consider reparations for slavery.

The UC Berkeley Institute of Governmental Studies poll, co-sponsored by The Times, found that 59% of voters oppose cash payments compared with 28% who support the idea. The lack of support for cash reparations was resounding, with more than 4 in 10 voters “strongly” opposed.

“It has a steep uphill climb, at least from the public’s point of view,” said Mark DiCamillo, director of the IGS poll.

Democratic Gov. Gavin Newsom and state lawmakers created California’s Reparations Task Force in 2020 with the goal of establishing a path to reparations that could serve as a model for the nation. After two years of deliberations, the task force sent a final report and recommendations this summer to the state Capitol, where Newsom and the Democratic-led Legislature will ultimately decide how the state should atone for slavery.

The group suggested providing cash payments to all descendants based on health disparities, mass incarceration and over-policing and housing discrimination that have adversely affected Black residents compared with white Californians.

The remedies recommended in the report also go far beyond cash payments and include policies to end the death penalty, pay fair market value for jail and prison labor, restore voting rights to all formerly and currently incarcerated people and apply rent caps to historically redlined ZIP Codes that disadvantaged Black residents, among dozens of other suggestions.

 

This will never happen, of course. The closer California actually got to reparations, to resolving the core causes of the egregious economic imbalance between Black and white folks in even a state as liberal as the Golden State, the easier it becomes for Republicans and other opposition groups to kill any reparation measures at all. 

There's no faster way to get white, Asian, and Hispanic voters back on the GOP train, enough so to turn Cali back into the Pete Wilson/Arnold Schwarzenegger red state that it was 15, 20 years ago than meaningful reparations. Republicans would be crazy not to drive that wedge into everything from school boards to the Governor's mansion.

Reparations are still the moral thing to do, but there will be consequences to the point where I can see California Republicans taking every dime back and charging Black folk for interest.

Just to be assholes.

The Return Of The Revenge Of The Ghost Of Shutdown Countdown

With the House back in session this week ahead of the September 30th deadline for spending bills, Republicans are giving GOP House Spearker Kevin McCarthy an ultimatum: crash the Biden economy, or we crash you.

Kevin McCarthy is facing the greatest peril to his speakership since he clawed his way into the job eight months ago, with multiple factions of his party feuding and a looming revolt ahead during the battle to fund the government.

Ultra-conservative members of the House GOP are talking in unsubtle terms about turning on McCarthy if he does not take a hard line in negotiations with the Senate and the Biden administration.

More centrist Republicans, too, are increasingly fed up with McCarthy’s efforts to placate the far right. They want him to stop giving ground to lawmakers they see as holding the party hostage to unrealistic demands.

McCarthy is a political survivor — even his critics cannot deny that his skilled nature as an accommodator, his persistence in winning over even his most dogged critics and his deep bench of allies have kept him alive in this highly fractured Republican Party.

But interviews with more than two dozen GOP members and aides reveal that it would take only a few rogue lawmakers hell-bent on his downfall to risk McCarthy’s fate in an entirely new way, sending their party spiraling into a new period of chaos. And even if those defectors fail to actually eject McCarthy, some of the speaker’s confidantes privately concede there may be no way to recover.

Those volatile, competing forces of McCarthy’s conference will collide this month, and could drive the nation to a government shutdown, while reshaping the Republican agenda for the rest of the Congress.

“The speaker faces two choices,” said Rep. Bob Good (R-Va), a vocal McCarthy detractor who says the party shouldn’t fear a shutdown. “[He] stares down the Senate, stares down the White House, forces them to cave and is a transformational historic speaker ... Or he can choose to make a deal with Democrats.”

If McCarthy chooses the latter option, Good warned, “I don’t think that’s a sustainable thing for him as speaker.”

House Republicans will face all that drama with an attendance strain: At least four of their own may be sidelined from Washington for health or family reasons, including Majority Leader Steve Scalise (R-La.). That’s on top of a looming resignation on Friday that could put McCarthy’s margin for error at just a couple of votes.

The last time a GOP speaker faced this intense level of fall spending pressure with a Democrat in the White House, it was September 2015. And while John Boehner avoided a shutdown, he didn’t survive the month.

 

Utah Republican Chris Stewart is resigning on Friday over his wife's health issues, and he won't be replaced until June's special election, so McCarthy's margin will be down to three votes. I expect things to go like they did with Boehner in 2015, only with a lot bigger of a mess after McCarthy is driven out for making a deal with the Dems.

Of course, McCarthy may fold completely and shut down the government for weeks or months and crater the economy, but the voters are going to remember, or maybe he gets deposed before the 30th. At this point, all bets are off.

We'll see. But any outcome will be the GOP's fault.