Good, hard, things of that nature

At least in the pre-Murdoch days, it was a truism that while the editorial page of the Wall Street Journal had no standards whatsoever, the news pages were rigorous because the business audience actually wanted the truth about things that were relevant to their business. As Trump prepares to actually take office, the markets seem to be facing the fact that he is actually committed to policies that are highly inflationary:

Trump has promised policies every halfway sane economist assures us will be inflationary – today the Fed announced that it will proceed with caution in cutting rates as it waits to see how it goes with inflation and today the stock market got real about the death of Bidenomics

[image or embed]— Philip Gourevitch (@pgourevitch.bsky.social) December 18, 2024 at 2:45 PM

I can’t wait for Trump to sue the New York Stock Exchange for Fake News.

Needless to say, all of this makes the pre-capitulation suggestions of some congressional Dems even more absurd. Trump is actively pursuing the policy outcomes that have led to incumbent parties being slaughtered all over the world for nearly 3 years now! With an electoral coalition that is critically dependent on voters who have no apparent interest in politics when Trump isn’t on the ballot! Why would anyone want to do anything but declaim any responsibility for what’s happening by opposing it as forcefully as possible?

…another aspect of the forthcoming political and economic trainwreck is that the House majority is going to be at perpetual risk of collapse even before the midterms:

Having a coalition with Trump, Elon and every degenerate fuckwit who walks into mar a lago mayb be difficult with a one vote margin in the house. https://t.co/oXthZ4wLa2— Josh Marshall (@joshtpm) December 18, 2024