American Elephants


Same Old, Same Old Rush Hour Struggle to Get to Work on Time! by The Elephant's Child

A couple of days into the New Year, and in spite of all the hype, things don’t seem all that much different, or do they? Back to the same old battles with the morning rush to get to work on time. But other countries have the same rush to get to work, but what they have to accept as routine is just a little bit different.

A Notable Reminder: It could be a lot worse!



And a Happy New Year to You All ! by The Elephant's Child

I am not an enthusiast for New Years celebrations, nor do I really think of a new year being a big deal. Don’t like all the efforts to predict what the new year will bring, but the efforts to sum up what transpired during the past year can be useful.

The impeachment thing drags on, but is going nowhere. Abuse of Power is silly, there was no crime whatsoever, and Obstruction of Congress is way beyond silly. The President’s job is to keep the reins on Congress and keep them from doing stupid things. That’s why the founders gave him veto power, and Congress the right to override a veto if they can. The founders were well aware of the failings of the human race, and thought long and hard about writing a Constitution.

The Wall Street Journal was having fits about the “trade war” Trump was initiating with China, but as Joseph Sternberg said today:

A new year brings new optimism that the U.S.-China trade war might not blow up the global economy after all. The two sides are on track to sign a “phase one” deal within weeks. Oddly, no one has stopped to ask if America is ready for what will happen if President Trump “wins” the trade war. …

China’s current-account surplus—the amount by which its exports of goods and services and income from overseas investments exceeds imports—has shrunk for years. It’s likely to tip into a deficit early this decade, meaning China will import more goods and services (and receive less profit from overseas) than it exports.

The scale of this potential deficit, likely under 1% of gross domestic product to start, pales in comparison with the enormous current-account surpluses of nearly 10% of GDP each year China racked up in the first decade of the century. And the deficits will be here to stay.

He adds that their population is aging, the much vaunted Belt and Road deal is mostly pouring money into corrupt public-works, and China’s overseas investments tend to be bad ones. And the U.S. tends to be the world’s premier destination for investment capital. China’s Communism has used industrial policy to suppress domestic demand.

It seems that despite the skeptics, Capitalism seems to work quite nicely. Unemployment is at record lows, the stock market at record highs.

In Baghdad, the crowd that attacked the U.S. Embassy in Iraq seems to have been more pro-Iran militia than unhappy citizens. A  country’s embassy is considered a part of their own territory and attacking it is a big deal. The president promptly sent in the Marines to reinforce and protect, and demonstrate that attacks were not acceptable. The Washington Post, of course, tried to score points against President Trump. The top Iranian Commander, Quassem Soleimani, leader of Iran’s Quds Force, was apparently killed Friday in airstrikes on Baghdad International Airport. The Pentagon confirmed that President Donald Trump ordered the airstrike. Iran’s Quds Force has been designated as a terrorist organization for some time.

Seems to me that President Trump is letting our friends and enemies know that he has no intention of being a pushover, in case they were under some misapprehension.

Other than that, the media seemed fascinated with the leftover theme from the 1920’s – trying to stick on “the Roaring Twenties” in some way, I guess because that’s all they could think of.  Didn’t work.

Hollywood has-beens keep trying to come up with insults to the President that will get them some media notice, for you cannot remain a celebrity if you cannot get the attention of the press, Nobody seems to have noticed that a lot of Americans are finding other ways to amuse themselves, and movies aren’t doing all that well.




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