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Biggest Loser
Boy, the jokes just write themselves, don't they?
The Dow was down more than 1,000 points by noon o
Voters apparently still don’t know it. Approval ratings still at close to 50%, and if the NYT conversations with Trump voters are any indication, they’ll need to be hit over the head with a sledgehammer before they understand why we are careening towards economic disaster.
All those genius Wall Street types took this long to figure it out, so we can only imagine how long it takes for Joe Sixpack to understand the implications.
Joe Sixpack will absolutely never understand what is happening because, well, he’s an idiot. Like actually intellectually incapable of comprehending basic economic principles. That’s why we’re in this mess. You can either have a systematically undereducated population or you can have democracy. Not both. And here we are.
If you believe exit polls, aside from high grocery prices, Trump drew support from resentment against DEI as well as the notion of Biden’s “open borders” which was leading to a “surge” in violent crime. As far as those voters are concerned, the president is doing a good job.
It’s not just an intelligence thing although that is a problem (54% have a literacy level below that of the 6th grade).
74% of Americans are overweight and 43% are obese driven largely by refined sugar, simple carbohydrates, and widely available non-nutritious foods on which to feed.
I recently joined a gym (courtesy of Silver Sneakers lol) to find a multitude of TV’s tuned some tuned to CNBC while others (in equal proportion) were tuned to Fox “News,” which I am now forced to see even if out of the corner of my eye. It seems there is also an epidemic of feeding on hate, xenophobia, anti-intellectualism, simplicity, blaming, etc. The payoff is in feeling and not the thinking. The feeling of righteousness, of being part of the tribe, of being a “patriot,” etc. which is not easily undone, even despite or especially with suffering.
Laurence Linsay was just on CNBC staunchly asserting that Powell will serve out his full term.
He tried to goad Steve Liesman into making a $200 bet on that.
Mad king donny decrees: “Make what I want happen, and make it come out all right “.