From NBC:
U.S. job growth expected to have slowed in June as economy sends mixed signals
The U.S. economy continues to send mixed signals. On Thursday, the Bureau of Labor Statistics will report job figures for June that may help clear up the picture.
Economists surveyed by The Wall Street Journal forecast that 110,000 new payrolls were added in June. That would be the fewest since February, and it would be the fourth monthly decline in the past six months. The unemployment rate, meanwhile, was expected to have climbed to 4.3%, the highest since October 2021.
Consumers and businesses are still grappling with the uncertaintycaused by President Donald Trump’s policies, something further reflected in volatile data.
On one hand, the inflation rate has so far proven stable, while average earnings continue to grow at a healthy clip. Stocks have returned to all-time highs, and in testimony last week, Federal Reserve Chair Jerome Powell described overall economic conditions as “solid.”
“Look at labor force participation, look at wages, look at job creation,” Powell said. “They’re all at healthy levels now. I would say you can see perhaps a very, very slow continued cooling but nothing that’s troubling at this time.”
My barber was going on and on and on about ChatGPT the other day.
Peak AI?
Beginning of the end?
My AI and Automation body count is well into the tens of thousands, when does it come for me?
Grim,
It may not go after you directly, but it might take out some of your family, your friends, your neighbors, or your customers, taking you out indirectly.
If they go broke, they can’t spend.
Then we are back to feudalism.
You listened to that turd Mike Rowe, well here ya go:
Gen Z ditches college for trade jobs but faces shocking unemployment, high stress, and lowest job satisfaction in America.
Building inspectors, electricians, and plumbers were found to have the highest unemployment rate in the study, 7.2 percent, more than three times higher than entry-level office roles such as budget or financial analysts, which average around 2.0 percent.
WalletHub analyst Chip Lupo attributes this to economic volatility. “Trade jobs are closely tied to industries like construction and manufacturing,” Lupo said. “When these industries slow down, projects often get delayed or canceled, whic ..
Grim: Article in WSJ today, CEO, s talking out loud now, about how many jobs will be eliminating with AI. CEO of Ford says half its white collar job force will be eliminated. JP Morgan says 10 percent of its operations staff will be eliminated. Others saying job loss projections are over blown, and loss of jobs to AI can lead to other new jobs.
Dark: It’s all connected. If AI eliminates white collar jobs, then there will be less need for carpenters, plumbing, electricians etc.
Stu, sorry to hear the news. You are better prepared than most so I know you will work it out. Best of luck.
P.S. Thanks again for the Cali painting tip, it all worked out, albeit it took 5 weeks given the constant rain. Thanks again!
Wanna save on taxes. Have virtual AI teachers. No school, no busses, no problems.
Kid stays home and learns online.
Covid is a run, it’s been done before, well, almost.
IDK, what do the taxes in the Peoples Republic of NJ have to go to until cries of desperation turn to howls?
And no one cares if your kid learns anything other than you, this is a self centered country where the only thing that matters is money.
Kaitlyn Collins, nice house in Nantucket. Your colleagues hate you now, so jealous. You can now talk shop with creeps like Portnoy about who makes the best pizza.
Poorly educated votes against their interest
Dark Phoenix says:
July 3, 2025 at 7:43 am
You listened to that turd Mike Rowe, well here ya go:
Gen Z ditches college for trade jobs but faces shocking unemployment, high stress, and lowest job satisfaction in America.
P Di Di is sick.
But everyone in here knows the reason why e psteins videos will never be released
1987 Condo says:
July 3, 2025 at 8:02 am
Stu, sorry to hear the news. You are better prepared than most so I know you will work it out. Best of luck.
Prepared or not, its still a cash flow issue. Money not coming in is money not coming in, not invested, not available.
It’s going to be rough for many out there. Poor goverment choices are the real trickle down, this shit pours on people. Not like the other fake ‘trickle down.”
NEWS ANALYSIS
The $3 trillion question: Will House conservatives cave again on Trump’s bill?
It is, by now, a well-worn routine.
Spending hawks in the House declare their irrevocable opposition to the fiscal legislation G.O.P. leaders are advancing.
They savage it for days as irresponsible and insupportable, condemning its impact on the already soaring federal debt. Suspense builds: Will this be the time they defy their leaders and President Trump and vote no? 😂
MAGA has the votes in the house. How much linger can Hakeem Jeffries talk. Got to give the man more dunkin!
We need to rename July 4 th to Reverse Robinhood Day
Correct. The wealthy will love it when the pay for an electrician goes down to minimum wage.
The electrician will still blame the Mexican for his problems.
Silly rabbit, tricks are for kids.
3b says:
July 3, 2025 at 8:02 am
Dark: It’s all connected. If AI eliminates white collar jobs, then there will be less need for carpenters, plumbing, electricians etc.
Look around next time someone here says Government spends too much.
Fiscal Conservatives increasing budget by 3.5 TRILLION
All maga
The irony of paying for what trashes you.
Electric bills rising. You pay more.
Money goes to upgrading power for AI, you get fired.
You get fired, need more electricty as you are home now. And it costs more.
Can y’all think of anything more American or capitalistic than this on this upcoming Ameirican Holiday?
How about we let an AI generated singer do the Anthem from now on?
VSG says:
July 3, 2025 at 8:17 am
Look around next time someone here says Government spends too much.
Fiscal Conservatives increasing budget by 3.5 TRILLION
https://youtu.be/W8tRDv9fZ_c?t=45
Find me a time in history when a government slashed all of it’s budget to avoid the debt spiral. Republicans never followed through with their promises. Democrats would never even campaign on the issue.
Grim – I don’t think capital spending in AI has decreased yet.
Those latest 9,000 layoffs at Microsoft? More sacrifices on the altar of the AI gods. Heck they even laid off lawyers this time.
Research is showing that AI can hurt sales.
https://www.msn.com/en-us/news/technology/here-s-a-tip-to-companies-beware-of-promoting-ai-in-products/ar-AA1HDkwE
I pulled a chatbot from one of the products. And off the shelf ai chatbots are not cheap either and they keep jacking up the price and have vendor lock-in.
the electrician is MAGA and votes in favor of Billionaires and against electrician rights
Dark Phoenix says:
July 3, 2025 at 8:16 am
Correct. The wealthy will love it when the pay for an electrician goes down to minimum wage.
The electrician will still blame the Mexican for his problems.
who’s honest and who’s the hypocrite?
BRT says:
July 3, 2025 at 8:39 am
Find me a time in history when a government slashed all of it’s budget to avoid the debt spiral. Republicans never followed through with their promises. Democrats would never even campaign on the issue.
Well there goes your Universal Healthcare. Enjoy your potholes, traffic, falling bridges, and crappy infrastructure.
If you only had a functioning governmemt that could negotiate.
The Carney would break away to refuel and replenish its stores at sea, but had to go into port to pick up more missiles, which are too big to be transferred underway.
It was firing million-dollar missiles at thousand-dollar drones. Robertson says no one encouraged him to use fewer missiles: “Not once. I’m entrusted with this $2 billion asset and 300-plus lives, and so the cost-benefit analysis to me shooting a missile is absolutely in my wheelhouse, and I’ll do it all day and twice on Sunday.”
BLS jobs number out today, better than expected @147k new jobs. I am surprised it was released today, as I recall in the past, the number would be released on the regular scheduled Friday, even with the market closed. No need for Fed cut this month after this job number.
End result is the same. Good cop, bad cop.
You are a fool if you think either one is there to help you.
Elon Musk is right about one thing.The two party system is beyond corrupt.
VSG says:
July 3, 2025 at 8:50 am
who’s honest and who’s the hypocrite?
Boomer always bitchin about deficit, Boomer has nothing to say about maga massively increasing spending and deficit
Estimates aren’t real data.
I estimate your blood pressure to be 30. Let’s treat you accordingly.
Yeah, that should work out fine.
U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, the crucial data points that help the Federal Reserve assess the economy’s health and guide interest rate decisions.
The problems have led staff at certain agencies to rely more on statistical estimates rather than hard data, potentially fueling volatility in benchmarks, particularly for inflation readings from the Labor Department. Falling response rates to government surveys, coupled with pandemic-driven seasonal quirks and long-standing budget strains, have made it harder to collect and analyze reliable data — including for an employment report due Thursday. Agencies have also shed staff through early retirements, deferred resignations, and normal attrition.
re: “Money goes to upgrading power for AI, you get fired.” Meh 1.3% of global electricity use is for computing. There aren’t loads of power hogging AI farms in the third world for example.
But as far as New Jersey? PJM Interconnection we rely on imported electricity NOW about 35%. Supply and Demand there is no cheap power to be had it’s all now expensive. Generators fire up when it’s most profitable.
This is all Gov Murphy’s fault. His failed policy decisions that put all of NJ energy needs eggs in one basket by trying to go 100% clean energy by 2035. Well the Wind Farms are now cancelled.
Oyster Creek Nuclear Generating Station shut down. That single nuclear plant powered all of Ocean and Monmouth county approx 600,000 homes…
It’s only going to get worse. AI computing, electric cars in every home?
A LOT of MAGA don’t realize Medicaid is what’s paying for their parents’ nursing home.
Or that they’re getting their healthcare from the Affordable Care Act.
Or that their kids can eat lunch because of SNAP.
This budget isn’t for you. It’s for the billionaires
VSG says:
July 3, 2025 at 8:55 am
Boomer always bitchin about deficit, Boomer has nothing to say about maga massively increasing spending and deficit.
Baby boomers, greatest generation
Got all the money, now we got the vaccination
Crash the economy, three whole times
Biggest generation, ain’t no stopping me
Never gonna die, drain your social security
Ow! Covid can’t touch me now
Low mask in the store, nose poking out
When it’s time to pay, I whip the coupons out
Even though I got the stimmy in the bank account
Y’all can’t see? Lemme give you a clear sense
We out here spending your inheritance
You in the parking lot eating by the trash right
We in the booth reading menus with the flashlight
Yeah, I know you missed us
Might book a trip on the Diamond Princess
Eat all the food, drink all the booze
Sail all the cruise, while you still on the Zoom
I know you wanna live large like me
I got the big ass house and the SUV
I got the second house too, and the third house, three
And the place in Vermont, and one in Miami
Damn, I got five houses?
That’s a lot. Hm, good for me.
Dark: Just more of the same Republican / Democrat, faux outrage by Dems over the massive increase in the deficit with this massive spending bill, but if it was on their side, they would not criticize it. That’s how it goes. Every American should be outraged over this massive spending bill, Democrats and Republicans.
BREAKING:
The US economy added 147,000 nonfarm payrolls in June, more than the 106,000 expected by economists. The unemployment rate unexpectedly fell to 4.1%. Economists had expected the unemployment rate to move higher to 4.3%.
3b
Sure it’s a massive spending bill. But every American isn’t gonna be outraged because many of them are going to profit handsomely from it.
America is not a “United” anything. Divided we fall.
Be patient. Enjoy the bull shit holiday. Get drunk, eat cholestorol laden garbage. Hang out with your friends, then monkey branch with the neighbors husband so you can hook up when the short balding man you married annoys you just a little bit.
Salute your military who has been in like 5 wars and blown up innocent children under the guise of mass destruction.
All while the Chinese move forward faster and faster, and the Russians slowly use the ground game like the Dallas Cowboys of the 90’s.
The infighting of America will be it’s downfall. Bin Laden knew this, and you can thank him for implementing Homeland Security. Every time you travel and stand in that stupid line, throw out your shampoo, or take off your shoes look up and visualze his face. When you stare into that Clear camera, the two lenses on it are his eyes.
It’s all there because of him, but really, because the people whose job it is to keep peace in the world suck at it. Or they don’t really want it.
You wanna buy stock? Invest in HATE. It’s a great company, and growth in the future is unmatched, only chased by GREED, JEALOUSY, and RELIGION.
All good things to invest in.
who’s honest and who’s the hypocrite?
Honest? On this issue, nobody. You just lie and say that high taxes and infinite spending would lead to prosperity.
Ten 433
Lying is a crime that is so rarely prosecuted it’s not even a crime, it’s a tactic. It’s baked right into American law. Police can lie to you.
Lie away, America. I had a judge try to order me to lie to my child. I guess that’s normal.
Lie to your spouse, to your constituitents, to everyone. Better yet, don’t lie, withhold pertinent information. Deceit is a good one. You didn’t lie, you just didn’t tell.
But Sunday, put that wafer in your mouth and be forgiven off all you do. Your soul is now Titanium Dioxide White so you are good to go. It works for the preists and other religious folk so why not you as well.
BRT says:
July 3, 2025 at 9:18 am
who’s honest and who’s the hypocrite?
Honest? On this issue, nobody. You just lie and say that high taxes and infinite spending would lead to prosperity.
VSG – Nursing homes? Have you forgotten my lesson about pillows and sleeping Grandma? The average nursing home cost in New Jersey is $12,700 per month for a private room.
If the elderly now in long-term Medicaid-paid-for nursing homes lose coverage, there will be a lot of pillows purchased.
The difference is the hypocrisy and idiocy of right wing Boomer who constantly bitch about it and now have nothing to say.
3b says:
July 3, 2025 at 9:03 am
Dark: Just more of the same Republican / Democrat, faux outrage by Dems over the massive increase in the deficit with this massive spending bill, but if it was on their side, they would not criticize it. That’s how it goes. Every American should be outraged over this massive spending bill, Democrats and Republicans.
VSG – Who’s honest and who’s the hypocrite?
In Washington DC?
Look all they care about is getting home for the 4th of July they were voting way into the night around 3:30 AM, the bill is done and will be signed by tomorrow most likely.
At least Fetterman was honest about it.
https://www.youtube.com/shorts/ZlmG6lnkfkg
VSG: Fair enough, but both sides are hypocrites, and are bad, just one side is dressed as Mary Poppins as Dark so rightly says. As for Boomer not saying anything, well as far as this blog goes, the majority of the people here who post, are Democrats, and to the left, some to the radical left.
VSG is getting angrier. That means Americans are making progress. This is truly the greatest administration in my lifetime and one of the best our country has ever seen. The optimism and excitement is off the charts. The strength of our country is reemerging and demonstrating to the world that we are by far, still number one.
It wasn’t enough to make history and get reelected after a four year hiatus, marking the greatest comeback in political history. He’s made the world pay their fair share, not just on the backs of Americans as the democrats would have it, just as long as the money flowed while offering symbolic nothingness. Brokering foreign peace in the Middle East and Africa, ushering in new investments to the tune of trillions, on the cusp of a major piece of legislation, sealing the border and exporting criminals and terrorists, just as a warm up in the span of a few months. Past presidents, dem or rep can only dream of such progress.
It’s astonishing and exhilarating to see what real leadership looks like. Trump has changed the model of American politics. Future candidates/presidents will need to really produce something and not just offer words.
Thought the same. I think the reason is how the calendar fell. This is the most extreme case where the first Friday is a holiday, and it would kick the number to July 11th. That is far too late, especially with the data tabulated. It would just create distortions.
3b says:
July 3, 2025 at 8:53 am
BLS jobs number out today, better than expected @147k new jobs. I am surprised it was released today, as I recall in the past, the number would be released on the regular scheduled Friday, even with the market closed. No need for Fed cut this month after this job number.
The DOW is a few points from record territory.
Also, Trump is on the phone with Putin.
Saying both parties are bad at this juncture is not being honest to yourself.
MAGA party ran explicitly on the platform of reducing deficit. Democrats never had that as the main agenda. Big difference.
Hey Hakeem, you and your team are dead muppets walking so you might as well wrap it up.
10:28 go fuck yourself comrade.
Checking in with the boss before he wraps it up for the long weekend.
Rent – How do I say this nicely? I hope your grandkids at least give you a bottle of whiskey to drink the night before they smother you.
Deficit projections with this legislation are slightly lower but not by much. 10 year cumulative however, is 20 Trillion. Nearly 2 Trillion a year give or take a few hundred million.
There is no illusion anymore that one party is better than the other. They both have proven they are going to spend money they do not have and can never pay for.
Partisan differences aside we are going to cross the “belief gap” whether we like it or not.
Make sure you plan accordingly, because the benefits will be diminished or not around at all.
On July 31, 2024, Kentucky State Police Trooper Myron Jackson took exception to Christen Johnson, a dental assistant and mom of 3 young children, silently filming his illegal traffic stop from her front porch. Trooper Jackson stormed up to Christen and threatened her, “Go inside of the house or I will take you from your kids and take you to jail.” When Christen remained filming on her porch, Trooper Jackson grabbed her, forcefully pulled her from her porch, and dragged her across the ground. Christen’s two, seven, and ten-year-old children screamed and cried, watching helplessly as their mother was violently hand- cuffed and dragged away to jail. When she got out of jail the next day, she was forced to walk several miles home, and when she got there, she found her children gone.
10:28 – While it is true that S&P500 is at an almost record – two things to remember:
1. Only 50 of the 500 stocks are above their 100 day average. The market is driven by the top few. The rest of the companies are struggling. Small businesses as yesterday’s numbers show are laying off people.
2. The dollar is down more than 10% since your liberation day. So the real high is not as high.
Sorry, but the truth is uncomfortable.
11:10, I’ll have a glock for them to use. If I’m of no value, I’m out.
Tax Cuts Now, Benefit Cuts Later: The Timeline in the Republican Megabill.
Republicans deferred some of their most painful spending cuts until after the midterm elections.
Employers added 147,000 jobs.
What kind of jobs?
Is a job a job? What do those jobs pay?
Do you want my job, should I want yours?
Picking cotton and tobacco were jobs too weren’t they?
Electrician, you voted for that ^^^^^^
“For President Trump, the staggered timelines underscore the political risks in his signature legislation, which passed the Senate on Tuesday and now awaits a final vote in the House.
To pay for the tax policies, which confer their greatest benefits on the wealthy, Republican lawmakers have looked to slash programs that are both popular and widely used, discomfiting even some within their own ranks.
The savings from the safety net cuts still are not enough to offset an expensive package of tax breaks that is projected to add more than $3 trillion to the federal debt by 2034.”
Electrician, you voted for that ^^^^^^
I just took a look at the charts. Not only are markets finally back to record highs, but that also means we are at the tippy top of the historic P/E channel in the Nasdaq. Worse yet, earnings are not looking so hot so we are probably approaching tech bubble P/Es. Especially when you consider how much of the gain in the QQQ is from the mag 7.
If you are a set and forgetter, it’s grin your teeth time. You finally made back what Trump lost you from his silly tariff experiment. Unfortunately, few of the tariffs have gone into effect yet. They start up on Monday. Also, if you trust the job numbers, it means the silly FED pivot is off the table for a while longer at least.
If you are a market timer, you should consider taking some off the table again. Lots of headwinds and not to many tailwinds. The headwinds include, the market looking overvalued here. The impact of the budget on consumer spending as costs for everything are going up as handouts/benefits are going down. Consumer sentiment is in the toilet as is consumer spending. College loan defaults are shooting up and banks are going to begin garnishing wages this Summer. Housing? I think it’s breaking. A lot of people who ran up their credit thinking they were house rich are going to find out they are not. Crypto scares me too. Apparently, Trump’s legitimizing of dark currency has lead to a lot of people piling in, especially into Crypto ETFs. When Crypto crashes, it is now big enough to be a black swan event. To this day, the only thing I have witnessed people purchase with crypto is underage kids accessing online gambling illegally. Have YOU seen anyone use it to buy a house, car, or even groceries? It still has zero intrinsic value.
To be fair, I do see some potential tailwinds too. Last time Trump fucked with corporate tax cuts, there was an initial bump up as people hoped companies would spend their windfall on growth. Instead they bought back shares of their own stock, which raised the EPS of the remaining shares of stock. This gave everyone who invested in the stock market a nice little boost. Additionally, we need to see if this pro-manufacturing tariff business does anything. I doubt it highly, but there are some believers out there. Finally, Trump’s big bad budget is terrible for the 99%. Though MAGA plans to spend nearly as much as the build back better crowd (sounds a lot like big beautiful bill, no?), the benefits will be falling mostly on the rich. When the rich get a windfall, they tend to spend it. Remember that stock TPR I was pushing. Well it has more than doubled from where I told you all to buy it. Why? Because they sell overpriced handbags to the rich crowd. Want a $2,000 pocketbook? It’smost likely a TPR brand. Believe it or not, when the rich start spending, even though it’s only 1% of the population, the market moves.
Market closes at 1pm today. If you do choose to take some off of the table, it’s now or you need to wait until Monday.
Good luck and due your own diligence. After all. Who is going to take advice from a disgruntled old man like me?
Gary, all I’ve got to say is don’t get too upset when your Trump induced nirvana turns dystopian.
Dark: 73K of the 147K jobs were in the government sector. So there you go.
Lib: And after Trump is gone in 2028, just look at who is waiting in the wings to be President on the Democratic side. Talk about depressing. So there you go.
Also filled up our two cars and the kids with $1 off per gallon, plus another 5% back (AMEX blue cash) resulting in $1.99 a gallon gas, using the Amazon Prime Earnify App deal. Saved about$45 in total. Google it if you want to feel like it’s the 90’s again at the pump.
1. Only 50 of the 500 stocks are above their 100 day average. The market is driven by the top few. The rest of the companies are struggling. Small businesses as yesterday’s numbers show are laying off people.
The Russell 2000 Index is up 10.4% from a year ago.
2. The dollar is down more than 10% since your liberation day. So the real high is not as high.
A weaker dollar makes U.S. goods and services less expensive for foreign buyers, potentially increasing export sales and attracts foreign tourists, as their currency can buy more in the U.S while benefiting local economies and businesses. A weaker dollar also allows domestic products to become more competitive against imports, encouraging consumers to buy local goods.
3B,
The future is bleak. Of course, I’d rather be broke with rights than broke and being forced to accept Jesus.
A weaker dollar could end the US dollars long-term position as the world’s reserve currency. If that occurred, fuhgeddaboudit it. We would become bankrupt as a country overnight.
——
However, the dollar is weakening at a time when there are heightened concerns about how the White House’s “erratic” policies and the massive US debt load might impact demand for US assets, Eichengreen said.
Republican lawmakers hope to deliver Trump’s “One Big Beautiful Bill Act,” to his desk by July 4. There have already been concerns about foreign investors demanding higher yields to hold US debt due to concerns about the deficit.
Foreign investors buying US debt want a strong dollar to get the most bang for their buck when converting their holdings into their own currency. As the dollar weakens, it eats into foreign investors’ return on their investments.
If there is waning demand for the dollar, Treasury yields could rise, increasing the cost of borrowing for both the US government and consumers.
Loss of confidence
The dollar’s decline reflects a crisis of confidence in the United States, said Arun Sai, senior multi asset strategist at Pictet Asset Management.
“If you cannot with certainty take a view on the position of the US administration, it’s hard to commit capital,” Sai said. “What we’ve seen with the current administration in the last few months is that this notion of the US being a default destination for global capital is being challenged.”
The Trump administration’s flip-flopping on tariffs has been “detrimental to confidence” in the US dollar, according to Sai.
As Trump’s tariffs roiled markets in early April, there was a simultaneous drop in US stocks, bonds and the dollar that spooked investors. “That’s very peculiar. It doesn’t usually happen in the US,” Sai said. “For us, that’s indicative of a loss of confidence.”
Francesco Pesole, an FX strategist at ING, said the dollar’s status as a strong currency and haven that investors turn to during times of stress is being dented.
“It doesn’t mean it’s going to lose its crown. It doesn’t mean that it’s going to be substituted entirely. The dollar remains the number one currency in most transactions in the world and is still the most liquid one,” Pesole said. “However, there is now a case for markets to see that dominance sort of starting to decline at a faster pace than it has in recent years.”
Stu: 2 counterpoints to your relevant and sober analysis.
#1 Wall Street climbs a wall of worry.
#2 Institutional money completely fucked up 2Q25 and were wholly wrong footed. Harken back to 10 weeks ago and all the headlines about the end of American exceptionalism, and how the smart money is buying Europe and Germany. Imagine taking an unforced error at that scale? There will be a floor in here, not that a solid correction isn’t warranted, but there is a serious BTFD because of the need to chase.
These are relative themes, not dominant market calls.
The last time the democrats were in charge my family had their school years Needlessly extended because of a gratuitous national holiday. I lost a trading day in the market.
All of them are the high fructose corn syrup of our society dispensing pablum.
What a troll you are.
RentL0rd says:
July 3, 2025 at 10:52 am
Saying both parties are bad at this juncture is not being honest to yourself.
MAGA party ran explicitly on the platform of reducing deficit. Democrats never had that as the main agenda. Big difference.
Juice ~9:26,
Please spread the word. If anyone needs a pillow to do in your favorite boomer, then nothing is better than my new models designed with Elon’s help.
Both the Beatles and Doors models will rapidly electrocute and make Pillowing a less than minute event while playing favorite life ending songs from respective bands.
Please buy our pillows now made in our garage by freshly arrived South African white immigrants. We really need the money as we both got too close to the OrangeTurd bankruptcy generator as America will soon find out. We really need this to work, because I can’t afford real crack or even rehab and poor Elon can’t afford his pharmaceutical ketamine and might not be able to pay alimony and child support next month.
Chi. Yup.
Lib: If the radical left crowd wins in 2028, Jesus will be the least of your worries, and don’t be too sure on those rights.
Ha.
Hackeem Joffries breaks the record for the longest House speech on the floor, talking for over eight hours.
Mike Johnson following Hackeem: “It takes a lot longer to build a lie than it does to tell the truth.”
Mic drop.
Speaking of the rise of the machines.
Ukraine just signed a contract with Eric Schmidt… the former CEO of Google.
“Swift Beat” aka “White Stork” aka “Volya Robotics ” startup for warfare drones. Plan is to build millions of them.
https://kyivindependent.com/ukraine-us-company-to-co-produce-hundreds-of-thousands-of-drones-in-2025-zelensky-announces-06-2025/
Shame
“Trump Administration Live Updates: House Passes Sweeping Bill to Fulfill President’s Domestic Agenda
The measure extending tax cuts and slashing the social safety net goes to President Trump for his signature, but the debate over it exposed deep rifts in his party.”
>> I lost a trading day in the market.
What a smug thing to say. People are losing jobs and kidnapped off the streets. Thrown into jails without due process.
and this is what you complain about?
Get some perspective.
Republicans are celebrating the passage of the largest Medicaid cut in U.S. history to pay for the largest tax break for billionaires in American history.
51,000 Americans will die each year so that the top 1% can get a $1 trillion tax break.
This bill is a death sentence.
-Bernie
Daddy knows best.
Bernie Sanders net worth is $22 million with an annual income of $3 million from his Senate salary, book royalties, stock investments, business investments and other financial interests. His stock portfolio includes heavy investments in Amazon, Pfizer, ExxonMobil, Lockheed Martin, and Nike. Three of the five mentioned are big oil, drugs and defense.
Any questions?
PS.
Those new Electrified Brand Pillows are accidental inventions. Originally they were planned with Elon’s Neuralink as chargers. The concept was Wireless charger to Cell Phone, well Pillow to Neuralink implant in some dude’s head.
We even fast tracked research by partnering with El Salvador President Bukkake to use those prisoners of his as guinea pigs. That is where we encountered the problem where instead of charging the patients they were electrocuted. Bukkake loved it so much that we sell it to him and he get rids of his inmates easily, cheaply and in a way they did not expect was coming.
So that gave me the idea to market it as a device for those families that want to get rid of my generational members, which frankly we are all drug addled aholes. Please don’t tell Elon, otherwise he will tell my X car to crash head on to a tractor trailer. This is a tough crowd. My crack problem is nothing compared to these psychopath. Is like being in those movies “8 Heads in a Duffel Bag” and “Seven Psychopath” at the same time.
Enjoy the weekend laughter.
Well, Governor Palin’s death panels came, just in the form of tax cuts.
Haven’t filled up a car, bought oil, brake pads, or visited a mechanic since August 2020 when I got the ‘ol battery mobile (slaps rear quarter panel). Yep, yep.
Trump just extorted $16 million for an interview that paramount did that with his political opponent that had nothing to do with him and there was no wrong doing.
Any questions Gary?
He manipulated the crypto market and now holds over $7 Billion due to the various illegal schemes.
Any questions?
Should I go on?
Very Loose Anus says:
July 3, 2025 at 9:10 am
“The US economy added 147,000 nonfarm payrolls in June…”
More has been done for law-abiding, tax-paying American citizens on each individual day of the DJT presidency, than was done for that group over the entirety of the SlowJoe and Oblama presidencies combined. Likewise, more has been done to further middle-east peace, and world peace by extension, in DJT’s first 100+ days than during the presidencies of those two Dem idiots — and the new Abraham Accords haven’t even been announced yet!
If DJT was a Dem the Nobel committee would’ve already retired the peace prize and just given it to him in perpetuity!
VSG says:
July 3, 2025 at 8:10 am
“Poorly educated votes against their interest”
And you’re Exhibit A on that front.
By the way, Waffle House just removed their egg surcharge — DJT has officially Made Eggs Great Again! What will you and the other squirrely guys whine about next?
VSG says:
July 3, 2025 at 9:00 am
“This budget isn’t for you…”
Yet schmucks like you have no problem with NJ’s budget which Bucktooth Phil has taken from $35B to almost $60B!
Happy 4th everyone…
“Gasoline prices hovered at their lowest level since 2021 heading into the July Fourth holiday. On Thursday, the national average price for a gallon of regular gasoline stood at $3.16 per gallon, according to AAA data. This marks a $0.35 drop compared to the same day last year.”
Tic, tic, tic.
So the ICE budget that was $4Billion balloons to over $100 Billion.
What this actually is, is building an army under Donnies control that can operate unrestricted domestically. This is third world dictatorship scary. But hey, Phil has bad teeth.
https://www.axios.com/2025/07/03/immigration-spending-increases-trump-big-beautiful-bill
Trump just extorted $16 million for an interview that paramount did that with his political opponent that had nothing to do with him and there was no wrong doing.
Is English your first language?
This is third world dictatorship scary.
Look on the bright side, when all you democrats are rounded up, you’ll have a choice of five states where you’ll be housed in an internment camp.
Fab, how about those education cuts from Murphy? That one actually hits home.
Gary and when they pull you and dump you on a plane to El Salvadore, what are you going do? That agent is just making his quota of bodies and who the F are you going to complain to? Just claiming that you are a citizen will make no difference to them. Ship you off and let someone else deal with it.
That the reason why, while Garcia might be a complete $h1thead and a terrible person, maintaining Due Process is critical.
You are losing the rule of law and you and othersdont give a $hit, because you are owning the Libs. Its sad.
BRT missed it. What were the cuts.
How does that measure to the $6Billion Donnie just yanked from the schools?
https://www.edweek.org/policy-politics/trump-tells-states-hes-holding-back-6-8-billion-for-schools/2025/06
On the road. House is packed and empty.
Bye Bye to SoCal ….
ExLax, good luck with the move.
Check out San Gregorio General Store when you get there. There is a great music scene. I have a family friend that plays there about once a month.
Thanks! Will do
Fourth!
9:23 – Here’s an article that explains how Teump extorted $16 Million from Paramount
https://amp.cnn.com/cnn/2025/07/02/media/cbs-trump-60-minutes-paramount-settlement
But my english is your problem?
90% voted maga
“Curtis is a small town of 900 people in rural southwest Nebraska. The Curtis Medical Center announced yesterday it is closing, after more than 30 years. It is the only health care provider in the community.
They blame Trump’s Medicaid cuts.“
Rurals vote against self interest
this ain’t the 1800’s for cowboys to believe in maga lifestyles
I can withdraw from 529 for my little one’s various private lessons – Taekwondo, Math, Swimming, Music + expenses for stationary and what not. Withdrawls for private schools is still capped at $10K/year.
And I can write off a big truck – if I decide to be a jerk on the road.
But I look around and there are kids graduating with no jobs. Science majors against a dead end.
Should I celebrate?
RentL0rd says:
July 4, 2025 at 8:59 am
9:23 – Here’s an article that explains how Teump extorted $16 Million from Paramount
Not Paramount.
People who subscribe to Paramount.
You like the shows on there, your bill goes higher.
Right into Trump’s pocket.
Paramount makes it’s money from subscribers, and pays Trump from the same money.
Give your kids the best chance they can have.
“May you live in interesting times”
Oh, they are interesting all righ.
July 4, 2025 at 9:32 am
I can withdraw from 529 for my little one’s various private lessons – Taekwondo, Math, Swimming, Music + expenses for stationary and what not. Withdrawls for private schools is still capped at $10K/year.
And I can write off a big truck – if I decide to be a jerk on the road.
But I look around and there are kids graduating with no jobs. Science majors against a dead end.
Should I celebrate?
I was looking at all of the football trades for my team.
Does anyone know, is their way more rapid trades today for teams than years ago?
Are players less loyal, less likely to stick with one team for their whole career now vs then?
Why have honor for any team when all the rats that play don’t have any honor for them anymore either?
BRT missed it. What were the cuts.
lol, missed it? Of course you did. Why would you even know what’s going on in your own backyard? I think Toms River/Brick losing 137 million form Murph might not care about the crumbs that come from federal funding. 170 districts get their state aid slashed.
You are part of the class of people disproportionately benefiting in this country. You own assets, and the explicit and implicit stimulus in place since 2008 has created a multiplier effect that has exponentially expanded your wealth far in excess of the good and services you consume.
Since you consider yourself enlightened and a “good person”, you adopt the dogma of virtue signaling. That’s all fine. But until you actually step up your charity with your time and money (review your 2024 taxes for evidence), just STFU. If you feel that badly, then help some people. Mentor young people. Help your kids extend their networks. Help truly needy and deserving with resources.
Oh no? That is too hard. Too expensive. It is easier to condescend here. Ok. At least we can all be honest with each other (except FlabMax, who has never had an intellectually honest post here ever. 100% rhetoric).
Happy Indigenous Confiscation Day.
RentL0rd says:
July 4, 2025 at 9:32 am
I can withdraw from 529 for my little one’s various private lessons – Taekwondo, Math, Swimming, Music + expenses for stationary and what not. Withdrawls for private schools is still capped at $10K/year.
And I can write off a big truck – if I decide to be a jerk on the road.
But I look around and there are kids graduating with no jobs. Science majors against a dead end.
Should I celebrate?
Be like a Boomer and whatever goes wrong in your life blame: pronouns, El Salvadorans and the 1917 Russian Revolution
Dark Phoenix says:
July 4, 2025 at 10:32 am
Give your kids the best chance they can have.
“May you live in interesting times”
Oh, they are interesting all righ.
July 4, 2025 at 9:32 am
I can withdraw from 529 for my little one’s various private lessons – Taekwondo, Math, Swimming, Music + expenses for stationary and what not. Withdrawls for private schools is still capped at $10K/year.
And I can write off a big truck – if I decide to be a jerk on the road.
But I look around and there are kids graduating with no jobs. Science majors against a dead end.
Should I celebrate?
Boomer you did this ^^^^^^
and now Boomer increased deficit by 3.3 TRILLION and won’t pay taxes on Social Security
I have fact checked this and it is true.
VSG says:
July 4, 2025 at 11:08 am
and now Boomer increased deficit by 3.3 TRILLION and won’t pay taxes on Social Security
10:58, no virtue signaling – whatever that means in this new paradigm.
I volunteer at non profits that physically help. I am on various ministries and amongst the bigger donors to my congregation. All that is naught if the govt takes from the poor to give to the rich. And this bill makes it far, far worse.
I teach friends and coworkers how to be frugal and invest. We are also extremely charitable in our tine. Spend many weekends helping others in need. Where’s my bible?
But until you actually step up your charity with your time and money.
Well, today I fixed my neighbor. Her car seat reclined and would not go back up, making the car undriveable.
I had already invested the money in tools. I gave her my time.
Her mother’s car last week, charged the air conditioner for her. She is disabled.
Drive my other neighbor to doctor appointments. Her car needed repairs, before she could save the money the greedy apartment owners complained about the overdue inspection sticker and had her car towed. She has no form of travel, and a chronic disease not caused by lifestyle.
Guess I spend a bit on gas for that.
I like helping people. Guess that’s why I chose my career. Did something yesterday I thought was normal, was praised by my colleagues for doing what I thought everyone would do.
I used to do so much more before everything was stolen from me. But here we are.
The Beech I married wasn’t a giver, she was a taker. And jealous as fuck.
Hope she dies alone with no friends. It’s gonna happen. Her child hates her now.
Not surprising.
Happy fourth. After working on that car, now it’s finally time to have breakfast. Priority was to help a friend.
I don’t trust “congregations.”
I was indoctrinated into the Catholic faith, who I now see are a bunch of criminals.
Not the faith per se, but the mortals attached to them.
Been to a Christian Church, the Trump type once.
Felt like a cult, walking into a prison, asked who I was just walking into the parking lot.
Flags in Church. Not just American, others as well.
Cathoics didn’t do that. It was weird. Questioned why I was there, where I worked, etc.
I’ll pass. I work on Sundays, So if there is a creature in the sky that wants to absolve me from jamming my legs in a wooden bench and thinks that me helping to make someone’s life better gives me a spot in a magical land, so be it.
Not holding my breath. If these deities exist, they suck at their jobs.
Or they just don’t exist at all.
Most of you haven’t seen a child or infant die in front of you. It’s humans, like me, that try to prevent that from happening. Not some magical man in the sky.
For all the pessimistic talk here, that’s great you helped a neighbor. Chi will call it virtue signaling! There’s more to life than money… especially for the rich. They don’t need or want more.
Again, I go back to one number in this bill.
The federal govt spends only one dollar on the poor and needy for every six dollars given to the rich. And MAGA is to blame.
This is an extreme and hyperbolic statement. I don’t think you mean it. A gesture is gesture in itself. Fuck everything else.
RentL0rd says:
July 4, 2025 at 11:30 am
All that is naught if the govt takes from the poor to give to the rich.
“Happy Indigenous Confiscation Day.”
Invented on the spot. So proud. Love it.
2:30, you can say that again.
The bill gives big oil a boost by fast-tracking drilling permits on public and preserved lands, weakening tribal consent rules, and cutting environmental reviews. It opens up more indigenous and ecologically sensitive areas to extraction while offering tax breaks to make drilling cheaper.
ICE is now the 16th largest military in the world. If you are not white, better carry your citizenship/legal documents.
RentL0rd says:
July 4, 2025 at 3:11 pm
ICE is now the 16th largest military in the world. If you are not white, better carry your citizenship/legal documents.
https://youtu.be/fH1mtGhNVgI?t=155
“Given to the rich”? The rich pay the highest tax rates and most of the taxes in this country. The The rich are constantly paying massive sums of taxes while leeches like rentlord makes up fantasies about how it’s the rich that are taking from others? FU I pay at least 39% every year in taxes and every day I have to hear commies like you cry about every dollar you didn’t take from me. Get a life, create some value of your own, and stop looking in other people’s pockets to fill your void.
If you pay 39%, you are probably a W2 employee making less than half a mil. And your NW < 10 M. Sorry to break the news, bit that is NOT rich.
You are just stupid to think that someone is stealing from you.
I said taxes, not federal tax rate. I know my own finances better than you, sucker. And have a team of accountants to pay too. But living in your socialist talking point dream world in which the rich don’t pay taxes. They’re carrying your lousy ass on their backs while you bitch and whine about them.
Bro, cut it out. You ain’t rich
I hope you all had a happy 4th of July celebrating with your Chinese made fireworks last night.
Juice,
I did.
Driving my car I fixed with a Chinese made relay and temperature sensor.
Repair cost 12 dollars after taxes and tariffs.
Of coures after my local “American” garage told me I needed a water pump and timing belt for over 1k.
The enemy is closer than you think.
Wonder how much extra the mechanic charges for this
https://www.dailymail.co.uk/news/article-14877113/moment-garage-owners-penis-CRUSHED.html
Driving a pretty nice Haval Jolion down here in St Martin.
Finish is nice, it’s on par with any of the nicer trim suvs, for sure nicer than any American suv.
You live in a “free” country. “Let Freedom Ring”
Hear alot about freedom.
Can you ‘freely” bring that car here to America. I mean, it’s just a car.
No, you will drive your stinking Ford and like it. Cause hard working Chinese are your enemy, and we cannot profit enough off of them.
Don’t you dare enjoy anything they make.
Grim says:
July 5, 2025 at 9:08 am
Driving a pretty nice Haval Jolion down here in St Martin.
Finish is nice, it’s on par with any of the nicer trim suvs, for sure nicer than any American suv.
I hope you avoided that American hot dog while you enjoyed your chinese fireworks
https://www.cnn.com/2025/07/02/health/processed-meats-sweet-drinks-disease-wellness
Even Joey Chestnut reduced the number of hot dogs to just 76 at the Nathans Hot Dog Contest instead of last years 86 in 10 minutes.
Congress
GOP megabill littered with special tax breaks
GOP lawmakers said the provisions provided needed economic relief for some industries, while they took fire from deficit hawks.
Special tax breaks for venture capitalists, Alaskan fisheries, spaceports, private schools, rum makers and others — together costing tens of billions of dollars — quietly caught a ride on Republicans’ sprawling domestic policy megabill.
The legislation is primarily designed to prevent $4 trillion in looming tax increases set to hit at the end of this year. But, shortly before approving the plan, Senate Republicans added a new crop of unrelated, bespoke tax breaks. House GOP lawmakers got in their share, too.
Many are the sort of narrowly targeted breaks Republicans have long complained are unfair, reward influential special interests and unnecessarily complicate the tax code.
There’s a new supersized deduction for business meals — though only for employees at certain Alaskan fishing boats and processing plants, with the measure stipulating the facilities must be “located in the United States north of 50 degrees north latitude” though not in a “metropolitan statistical area.”
There’s a $17 billion expansion of a little-known provision that enables venture capitalists to make a fortune tax-free.
Sen. James Lankford (R-Okla.) won a carve-out for the oil and gas industry from a minimum tax on big corporations that was created during the Biden administration.
There’s a $2 billion break important to the rum industry and, tangentially, Louisiana, said Sen. Bill Cassidy (R-La.), a tax writer.
“We have the highest per capita intake of alcohol in the nation,” he said.
The targeted tax breaks have been overshadowed by the main purpose of the legislation: preventing a whole slate of tax cuts from expiring at the end of this year, and enacting a handful of breaks for things like tips and overtime pay that President Donald Trump had promised.
But they nevertheless got the same fast-track-into-law treatment, despite some seeming to come out of nowhere with little public vetting.
Some House Republicans grumbled about the provisions — “loaded with pork to buy key Senate votes,” the chamber’s hard-right Freedom Caucus said in a memo to colleagues. But House lawmakers backed down from threats to sink the plan over fiscal concerns and other complaints, and approved it Thursday on a 218-214 vote that sends it to Trump for his signature into law.
Even as Senate Republicans added their own provisions to the legislation, they deleted some earmarks that had been approved by the House.
Though some of the add-ons are small — like an increase in a special deduction for certain Alaskan whaling captains to buy weapons and maintain their boats — others have price tags that run in the billions.
The bill includes an expansion of a little-known break that Silicon Valley investors have used to nix tax bills on tens and even hundreds of millions of dollars in earnings from Internet startups. Another spends $26 billion to create a new $1,700 credit for people who give to groups providing scholarships for children to attend private school.
Sen. Mitch McConnell (R-Ky.) secured a $7 billion tax cut for farmers that allows them to postpone paying some of the capital gains taxes they owe when selling off farmland.
There’s also a $1 billion provision allowing “spaceports” — which the legislation defines as “any facility located at or in close proximity to a launch site or reentry site” — to sell tax-exempt bonds, like airports. Sen. Ron Wyden, the chamber’s top Democratic tax writer, said in an X post that “Trump’s wedding gift to [Jeff] Bezos and birthday gift to [Elon] Musk were tucked in the new budget bill.”
Finance Chair Mike Crapo (R-Idaho) chafed at suggestions the various tax breaks are earmarks.
“I wouldn’t describe them that way,” he said. “You can go through there and find 100 specific issues, and if you want to call them earmarks, that’s your choice, but I don’t think they are.”
“Would you say that if we build a highway, would you say we’re doing an earmark for roads?” he said. “It’s infrastructure policy.”
His colleagues are likewise defending their provisions.
Lankford says the special break for oil and gas companies is needed because the arcane calculations that go into determining when a company is subject to a 15 percent minimum tax are biased against the industry.
The provision reverses the “tax penalty Democrats placed on America’s energy producers and allows our producers to deduct essential capital costs just like any other manufacturer,” he said.
Cassidy said the rum item is a permanent version of a temporary break lawmakers have approved many times before. The Treasury has long transferred federal excise taxes imposed on rum made in Puerto Rico and the Virgin Islands and sold in the U.S. back to those governments.
“We’re attempting to provide certainty for businesses, and that includes distillers,” said Cassidy, whose sugarcane-producing state is part of their supply chain.
Democrats tried, unsuccessfully, to kill some of the proposals.
During Senate deliberations, Sen. Mazie Hirono (D-Hawaii) watched her amendment targeting the private-school tax break win bipartisan support but nevertheless go down on a 50-50 vote.
“Nearly 90 percent of K through 12 students attend public schools, yet Republicans are pushing a plan in this bill to undermine support for public schools,” she said. Sen. Ted Cruz (R-Texas) retorted that Democrats “are more beholden to teacher union bosses than they are dedicated to fighting for kids.”
Even as they added their own pet projects, Senate Republicans jettisoned earmarks that had been approved by their colleagues in the House. Out is an $800 million tax cut for corporations that have income in the Virgin Islands.
They also dumped plans to spend $10 billion on a provision pushed by the fitness industry, including the YMCA, that would have allowed people to count gym-membership fees as a medical expense in Health Savings Accounts. A provision boosting the Earned Income Tax Credit for some Purple Heart winners was similarly axed.
It wasn’t all bad news for House members, though.
Rep. Mike Kelly (R-Pa.) was pleased to see Senate Republicans reinserted his plan sending a $3 billion tax break to real estate investment trusts, after lawmakers had initially deleted it from their draft.
“It was a little questionable about what was going to go and what wasn’t,” he said.
And Senate Republicans not only kept a House-approved provision exempting gun silencers from a long-standing $200 tax on firearms — they dumped the tax on all guns it applied to, except machine guns and what the legislation terms “a destructive device.” That cost: $1.7 billion.
Rep. David Kustoff (R-Tenn.) hailed the plan, calling the charge “an illegal poll tax used as a piggy bank for the federal government.”
Trying to find the rum tax break, can’t seem to find it
Did you send your kickback payment to the proper politician on time?
Grim says:
July 5, 2025 at 6:11 pm
Trying to find the rum tax break, can’t seem to find it
Pirates are still at the Rum game after all these centuries.
https://www.npr.org/2024/03/15/1197958469/rum-wars-puerto-rico-virgin-islands-captain-morgan
Yo ho, yo ho, a pirate’s life for me
We pillage plunder, we rifle and loot
Drink up me ‘earties, yo ho
We kidnap and ravage and don’t give a hoot
Drink up me ‘earties, yo ho
Yo ho, yo ho, a pirate’s life for me
We extort and pilfer, we filch and sack
Drink up me ‘earties, yo ho
Maraud and embezzle and even highjack
Drink up me ‘earties, yo ho
Yo ho, yo ho, a pirate’s life for me