Hey Moe! How About Them Tariffs?

Today’s stock market activity looks like the work of three men: Larry, Curly and Moe.

This morning news reporters breathlessly claimed that President Trump has put a hold on his promised tariffs against imported goods. Then the markets went crazy as nobody could decide if the reports were accurate (no, he didn’t – yes, he did – wait, is this fake news or not?). Financial advisors and political pundits flip-flopped like catfish in the bottom of a boat. I saw the DOW and NASDAQ drop 3% and then bounce back to 2% gains inside of 15 minutes.

All of this gyration makes clear that the stock market is not a real economic indicator. And that the news and political folks play on our emotions constantly. And that our level of economic sophistication, not to mention our attention spans, have atrophied to something like the third-grade level.

In reality, nothing in the economy is different today than last month. But the mere mention of any Trump initiative is sure to send everybody into a tizzy. Those afflicted with Trump Derangement Syndrome believe that he is hell-bent on destroying our country (and the world), because he is a Nazi Fascist Orange Man who wants revenge for being treated so badly by so many for so long.

The fact is, our stock market has been wildly over-valued for a long time, and the recent downturn is no different from any correction before. Remember that nasty inflation during the Biden years that caused prices to go crazy? During all of that inflation, the stock market continued to float higher and higher. Analysts touted greater sales and profits by our domestic businesses. But sales were up only because of inflated prices, not because more units were being produced and sold – each dollar in the system was worth less. And profits were higher because sales were higher.

This disconnect between production and prices caused the stock market to blow up artificially, and sooner or later it had to pop.

Maybe the threat of tariffs scared some people into a doom-and-gloom selloff. But folks, it was going to happen anyway, just like it has many times before. And the market has always recovered before, usually in a matter of a few months.

Trump is just shaking things up and trying to drag the world economy back to some semblance of sanity where our debt doesn’t increase by a trillion bucks every couple of months, 20% of working-age men aren’t home on disability, and we don’t send checks to people who died 50 years ago.

Watching all this chaos, I can’t help but chuckle a little bit. Nyuk, nyuk nyuk.

Tom Balek – Rockin’ On the Right Side

Hey Moe! Nyuk nyuk nyuk nyuk!
We-be-be-be-be-be!
Oh, wise guy!
We never miss a chance to get up and dance
We’re doing the Curly Shuffle!
THE CURLY SHUFFLE – Jump ‘n the Saddle Band


How Do They Spend ALL THAT MONEY?!!

Our annual government spending is $6.5 trillion. Our debt is $34.7 trillion and rapidly growing. CLICK HERE TO LOOK AT THE LIVE DEBT CLOCK. It reveals some eye-popping statistics. Click on the individual fields to get more information. For example our debt is more than double that of China with less than a quarter of their population.

If you wonder why there is so much crazy stuff going on in the government lately, consider how hard it must be to legitimately spend $6.5 trillion dollars. I mean, that’s a humongous number! Our 435 congressmen are only in session for about 150 days a year, so they have to work really hard to get rid all of that money. Each congressman has to spend $100 billion every day they show up to work! Wow, no wonder they are so exhausted they can only work part time.

It is so hard to blow through that much money that, after giving some to foreign oligarchs for their wars and corruption, and taking as much off the top as they can without being obvious, our congressmen have to start passing it down to state governments as “grants”.

But it’s hard for state governments to spend that much money too, because they already have $2 trillion of their own money to get rid of. So the states pass some of their taxpayer money down to the local governments as “grants”.

But the locals already have their own $2 trillion, so it’s hard work for them to spend even more.

Yup, that’s $10.5 trillion of our hard-earned wages going to government at all levels each year. How the heck can we expect our overburdened government employees to keep track of all that money?

This from a state legislature that just gave $1.3 billion in taxpayer cash, tax incentives and other spending to a foreign electric vehicle manufacturer while American EV companies are closing plants due to lack of demand and profitability.

Our government is not working the way it was designed. The constitution was set up as a way to keep the government out of our private business as much as possible – to let us make and spend (or keep) our own money without interference. But it wasn’t long before politicians figured out they could buy votes with OPM (other people’s money), and before you knew it half the country was living on OPM without having to make their own. And the government doesn’t even need to collect taxes, they can just print money and build debt indefinitely. Can you say inflation?

It’s just too hard for our government leaders to actually have to make things work. So our city governments grab grants to buy abandoned properties on Main Street and fund more music and art fairs. Our counties take grants to work on “economic development” by giving tax abatements to speculators as roads and bridges fall apart. And our federal government funds foreign wars and endless caravans of illegal aliens, but our own military can’t keep our ships afloat, our fighter planes flying, or enough trained personnel who are not in gender transition.

It can’t go on much longer. The debt clock says we have $267,000 of government debt per citizen plus another $75,000 of personal debt. We are all already busted!

Tom Balek – Rockin’ On the Right Side

My bills are all due and the baby needs shoes and I’m busted
Cotton is down to a quarter a pound, but I’m busted
I got a cow that went dry and a hen that won’t lay
A big stack of bills that gets bigger each day
The county’s gonna haul my belongings away cause I’m busted

BUSTED – Ray Charles