Comments, observations and thoughts from two bloggers on applied statistics, higher education and epidemiology. Joseph is an associate professor. Mark is a professional statistician and former math teacher.
Wednesday, July 27, 2022
History of terrible ideas
Tuesday, July 26, 2022
What if Trump's Social Security and Medicare stand was never that big a deal to begin with
[Note: David Weakliem recently looked at the actual data on this going back to the eighties. Check out his analysis here.]
As alluded to recently, Joseph and I have been having an argument about political strategy. I contended that the Democrats should be focusing on three issues where the GOP had staked out especially unpopular positions: reproductive rights, the insurrection; and Social Security and Medicare. Joseph countered that, largely because of Trump's public commitment not to cut these programs. The GOP was, in a sense inoculated against these attacks.
For the record, my co-blogger Joseph is possibly the smartest person I know. What's more, he cited a number of other very smart people who were in general agreement including Josh Marshall who is probably our sharpest political analyst. I get very nervous when I find myself disagreeing with either, let alone both. And the Democratic establishment was clearly on board (more on that later in the post).
I wasn't exactly persuaded but I had enough doubts about my position that I decided back-burner the topic and focus on other things. Then I saw this:
If data and common sense point to Republican vulnerability on the issue, why is conventional wisdom converging in the opposite direction? Perhaps it's because the pundits who shaped that conventional wisdom have always been overly invested in the idea that Trump's position on Social Security and Medicare was a key part of his success.
Think back to 2015.
Pundits were at a loss to explain the rise of Donald Trump which is part of the reason so many tried to deny it was even happening. (Remember Nate Cohen's series of NYT articles in 2015 arguing that there was no way DJT could beat various candidates despite the fact he was crushing them in the polls.) For people whose job it is to explain things, this is incredibly disconcerting, so when Trump broke with the Republican line on two incredibly unpopular GOP positions, taxing the rich and cutting Social Security and Medicare, the pundit class finally had a theory they could converge on: Trump's success came from his combination of reactionary and liberal populist positions.
This was always a thin thread to hang an interpretation on. The stand was hardly the second coming of Huey P. Long. These GOP positions were so unpopular that even a majority of Republican voters opposed them. At most, Trump had mixed a couple of moderate positions into his reactionary and autocratic platform.
What's more, they were always a relatively small part of the mix. If you read over the real-time coverage of the campaign, you'll see that SS and Medicare weren't that prominent and the guarantees left considerable wiggle room. [Emphasis added.]
Below is a head-to-head rundown on where Donald Trump and Hillary Clinton stand — as best as anyone can tell. Incidentally, Trump's website makes little mention of Social Security; most of his policy positions come from what he has said in debates or speeches. Clinton's site has more details about her proposals and she has fleshed them out elsewhere.
...
At a June rally in Phoenix, Trump said: “We’re going to save your Social Security without killing it like so many people want to do.” During the campaign, Trump said something similar: “I will do everything within my power not to touch Social Security, to leave it the way it is.”
...
But Trump left the window open to future reforms in his comments to AARP, saying: “As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations.”
So his position wasn't that far out of line with lots of Republicans, basically saying we may cut later rather than we should cut now. More importantly, this was never one of the main points of his campaign. I may have missed something in my Google searches, but it appears that Trump didn't talk that much about the issue (it merits two brief mentions in his 6,000+ word announcement speech, neither in the first half) and that it didn't get that much coverage. Perhaps there is data out there that shows that these positions were a major driver of support or that protecting Social Security and Medicare was top-of-mind when people thought Donald Trump, but if so it would be despite sparse coverage and a lack of emphasis from Trump himself.
In the pundit class, however, the relationship loomed large.
From Ezra Klein's influential Vox piece.
Trump is the only Republican running who actually agrees with the GOP base on this one. "They're gonna cut Social Security. They're gonna cut Medicare. They're gonna cut Medicaid," he said on Fox & Friends. "I'm the one saying that's saying I'm not gonna do that!"
And that's what makes a candidate like Trump potentially dangerous. On immigration, Trump holds a hard-line position that the Republican Party establishment has tried to mute, and so far Republican voters are loving it. On Social Security and Medicare, Trump — who opposes cuts — is closer to Republican voters than the party establishment is. On free trade deals, Trump shares a skepticism held by about half of Republican voters, but that's usually suppressed by the party's powerful business wing.
Most candidates who tried to stack this many heterodoxies would be quickly squelched by the party establishment. But Trump isn't beholden to the GOP for money, staff, power, or press attention. That frees him to take positions that Republican voters like but Republican Party elites loathe.
It may be true that support for Trump, so far, is about personality rather than policy. But as the primary wears on, Republican voters might find that they actually agree with him. And that's going to put the rest of the Republican field — all those candidates who were playing by the establishment's rules — in a very tough position.
Klein does get points for pulling away from the then popular "Trump doesn't have a chance" camp, but as mentioned before, there doesn't seem to much evidence that Social Security and Medicare played a big role in Trump's securing the nomination.
Though it has fallen down the memory hole, Trump's real break with the Republican Party line was not over entitlements, but over taxes.
Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat.
America has now learned:
-- He wants to tax the rich more and the middle class less.
-- He wants to lower corporate taxes.
-- He wants to cut government spending and stop raising the debt ceiling.
"The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class."
In short, Trump is willing to raise taxes on himself and those like him.
We all know how that worked out.
Fast forward to 2022. Republicans are talking about cutting, privatizing, or killing Social Security with an openness they hadn't shown in at least twenty years. Trump himself lost interest in the topic long ago. But among the pundit class and much of the Democratic establishment, a few six-year old statements had permanently inoculated not just Trump, but the entire GOP on this issue.
What's remarkable here is not just the convergence but the certainty. A large part of the Republican Party is pissing on the third rail of American politics and yet no influential Democrats thought it was worth pulling the switch just in case the power was on.
If attacks on Social Security have eroded seniors' support for the GOP, they have done so almost entirely on their own. Progressives seldom mention the issue. AARP has been uncharacteristically quiet on the matter. Talking Points Memo, probably the best progressive political news and analysis site has dropped it entirely as far as I can tell.
“Privatize social security” @bgmasters tells FreedomWorks, saying he will bring fresh thinking to the US Senate. Hard to tell if that sunk in this room, where many are of social security age. #AZprimary pic.twitter.com/jNqKbCiMSa
— Kyung Lah (@KyungLahCNN) June 24, 2022
Even in Florida, which has a lot of seniors, Val Demings is all but silent on the topic, despite the fact that her opponent and his fellow senator are both on the record as wanting to cut or kill the program.
There's no conspiracy here, no hidden agenda. These people simply believe with a great deal of confidence that while pushing back against Republican attacks on Medicare and particularly Social Security might be the right thing to do, it is not a winning political strategy.
If there were any doubt in the Democratic establishment's mind, hedging the bet would be cheap, easy and pretty much risk free. A few campaign ads, some viral videos, a couple of lines in stump speeches, a bullet point in campaign websites, raising the subject in interviews.
The most bizarre part of this is that for decades, one of the unassailable truths of American politics was that attacking Social Security and Medicare was bad for Republicans and defending them was good for Democrats, and yet, in the space of a few years for no particularly good reason, the political establishment became absolutely certain of the exact opposite.
Monday, July 25, 2022
The data are thin but still worth keeping an eye on
A couple of months ago, we did a post prompted by this Nate Cohn NYT piece where we talked about draconian anti-abortion bills being proposed and sometimes passed in states with neither anti-abortion majorities or trigger laws.
Recently, though, some of the news has been coming from a different direction. [Emphasis added]
The geographic pattern evident in the results suggests that a national outcry over a court decision to overturn Roe might not carry many political consequences in the states where abortions could be immediately restricted. In some of those states, new abortion restrictions may tend to reinforce the political status quo, even as they spark outrage elsewhere in the country.
But in some states, a fight over new abortion restrictions might pose serious political risks for conservatives, perhaps especially in the seven mostly Republican-controlled states that are seen as most likely to enact new restrictions even though a majority of voters tend to support legal abortion.
Mississippi is the third most anti-abortion state in the country according to the NYT piece.
NEW: 51% of likely voters in Mississippi say they disagree with the U.S. Supreme Court's decision to overturn Roe v. Wade. Just 42% back the Dobbs ruling.
— Ashton Pittman (@ashtonpittman) July 19, 2022
More strikingly, Mississippi voters oppose prosecuting women for abortions by an 83%-to-6% margin.https://t.co/kPMRGIzRPb
Yes, n = 1 and this could be a bad poll or an outlier, but should these results be valid not being able to get majority support for Dobbs v. Jackson Women's Health Organization in the state where Jackson is the capital, that's worth noting.
Friday, July 22, 2022
Am I an idiot?
Conventional pundit wisdom was that Trump's statements about defending Social Security and Medicare had inoculated the GOP against that line of attack. Pundits can be idiots
While I hope I avoid the full "idiot" level, I thought it was worth reflecting why my analysis was wrong. After all, numbers like this need to be explained if you think that people just assume social security and Medicare are safe from Republican meddling:
That is a 15 point drop on the generic ballot in two months among the 65+ crowd.
I think it is important that we be accountable when we are wrong. So what did I miss?
Pondering it for a while, I think I overlooked the real impact of the Supreme Court, in general, and Dobbs, in particular. The quest to overturn Roe versus Wade goes back to the 1980's and Ronald Reagan. But after 50 years this could be dismissed as posturing, after all the ruling had survived two generations of judges who were heavily Republican appointed. But then, one day, it happened.
This seems to me to have had two immediate implications.
- Older voters do not like radical change and all of the sudden the Supreme Court was delivering a series of radical rulings, Thermostatic politics kicked in, as well as the general distrust of radical change among those with less time to adapt to it
- Suddenly these threats looked less like bombast and more like a real threat.
Thursday, July 21, 2022
Thursday Tweets
Move thousands of homeless people into landmark L.A. Sears building? Some say no way https://t.co/e3jyuh83DR
— Mark Palko (@MarkPalko1) July 19, 2022
The Soulard School converted from private to charter in 2019. It has the highest percentage of white students of any public school in St. Louis city - 76%. It has 120 students in preK-5. https://t.co/TMIgvnXbHt
— Blythe Bernhard (@blythebernhard) July 18, 2022
I should probably talk more about this Monkey Cage piece.
When talking about a highly volatile situation, it never inspires confidence to support your assessment with a couple of almost 2 month old articles. pic.twitter.com/UHqjkq3HCV
— Mark Palko (@MarkPalko1) July 16, 2022
The Putin Caucus https://t.co/PlNddhlzpl
— Norman Ornstein (@NormOrnstein) July 18, 2022
⚡️ Germany to relaunch 16 coal and oil-fired power plants amid fears Russia will cut gas supplies.
— The Kyiv Independent (@KyivIndependent) July 17, 2022
German Chancellor Olaf Scholz ruled out reactivating nuclear power plants, arguing that this would not solve Germany’s energy needs.
sometimes dogs just know?? https://t.co/lUQ4ED8s94
— Dr Sarah Taber (@SarahTaber_bww) July 15, 2022
Recommended.
High inflation. Manchin and Sinema. Some of his own mistakes. But in my view, one of the biggest challenges for Biden has been facing a mainstream media looking to "balance" its anti-Trump coverage from 2017-2020. https://t.co/PZpjvTkTQ3
— Perry Bacon Jr. (@perrybaconjr) July 18, 2022
If the food poisoning, cultural appropriation, overpriced menu, and annoying brand hadn't already done it, this would keep me away from the chain.
Chipotle has closed the first store where employees tried to unionize.
— Dan Price (@DanPriceSeattle) July 20, 2022
Last year Chipotle gave its CEO a $24 million raise and paid him 2,898x more than their median employee. Then the company raised prices and blamed employee pay (the average worker makes $13,100).
"First as tragedy, then as farce."
Crypto is not the future of finance, but the entire history of past financial mistakes repeated at a futuristic pace.
— Concoda 🥷 (@concodanomics) July 17, 2022
That guy.
Former Crypto Billionaire Insists Unicorns Are Real. https://t.co/GTA4w5dl0f
— Grady Booch (@Grady_Booch) July 19, 2022
A few months before the Crypto market crashed, Coinbase offered its users an easy way to invest in more crypto — all they had to do was give the company direct access to their paychecks. Now, their earned wages are worth a fraction of that they should be.https://t.co/tBPT0R0UND
— Google “Google Glass: The Book” And Then Buy It (@quinmyers) July 19, 2022
Checking in with the Paypal Mafia.
Statistics is not your strength, is it?
— Grady Booch (@Grady_Booch) July 17, 2022
I am old enough to remember when Tesla production was spooling up for 1,000 roofs a week. https://t.co/2GZsxLc3eJ
— B Graham Disciple (@bgrahamdisciple) July 20, 2022
PETER THIEL-BACKED CRYPTO LENDER VAULD FILES FOR PROTECTION AGAINST CREDITORS - WSJ
— 4XInsight (@4xInsight) July 20, 2022
Musk's hard right pivot did score him a lot of kind words from Rupert's publications.
i mean, yeah, he could just lose and then defy the court and rely on the total collapse of the legitimacy and capacity of the american legal system, that's true. that's not normally what we mean by saying a lawsuit is a loser but it could work in this case pic.twitter.com/5VzwhglN7B
— flglmn (@flglmn) July 16, 2022
Do they covet the blood of the young, because that's Thiel's thing.
It must pain Jeff to know that his money and his muscles and his girlfriend aren't eternal, and maybe what comes next could be really bad for him.
— Russ Mitchell (@russ1mitchell) July 18, 2022
Meet Altos Labs, Silicon Valley’s latest wild bet on living forever https://t.co/4WDuvIdHht
Lesson for the youngsters: When an entrepreneur needs to raise a lot of money and starts spreading awesome prognostications about our wonderful future, and his own role in the world-saving transformation, most likely what he's spreading is horseshit. https://t.co/b0jCs5HhWx
— Russ Mitchell (@russ1mitchell) July 20, 2022
Conventional pundit wisdom was that Trump's statements about defending Social Security and Medicare had inoculated the GOP against that line of attack. Pundits can be idiots.
The 15 point drop in support for Republicans among seniors is telling. https://t.co/ILPZWdsqqR
— Joe Scarborough (@JoeNBC) July 19, 2022
this is a tough one pic.twitter.com/VnPmjJAxBY
— 🔥🔥Kareem Carr 🔥🔥 (@kareem_carr) July 15, 2022
“If you’re gay or transgender, I love you. And if anyone gives you any shit, tell em Charles says f*ck you!” - Charles Barkley pic.twitter.com/c1tUbvX5ga
— Ned Balme (@NedBalmeLives) July 15, 2022
Building a LEGO-powered Submarine with automatic depth control
— Massimo (@Rainmaker1973) July 17, 2022
[📹 YouTube's Brick Experiment Channel: https://t.co/HT8gLJMjEt]pic.twitter.com/P03KZDEHmR
Wednesday, July 20, 2022
"If FIFTY BANKERS ever arrive at your office all at once, (1) you have done something terrible but (2) it is absolutely their problem, not yours."
Highly recommended. Essential if you follow business and finance.
If you sell nickel futures at a price of $25,000 per ton, and then the price of nickel futures goes up to $100,000 per ton, then in some simple arithmetic sense you have lost $75,000 per ton. If you sold 100 tons of nickel futures, then you have lost more than $7 million. But if you sold 150,000 tons of futures, the math changes a bit; it becomes non-linear and relativistic. If you sold 150,000 tons of nickel futures at $25,000 per ton, and then the price goes up to $100,000, your banks will call you up and say “uh you have lost $11 billion, can you pay that please,” and you will say “I would prefer not to,” and an insane series of events will happen:
- The nickel exchange will cancel a bunch of trades and declare that actually the market price of nickel is $48,000 per ton, magically reversing most of your losses.
- Then the exchange will call you and say “okay let’s close you out of that trade at $48,000 per ton.”
- Then you will say “no, this is still too much money for me to lose, I prefer not to.”
- Then your banks will say “well okay how much are you willing to lose?”
- You will say “I would close out this trade at $30,000, that’s how much money I am willing to lose.”
- Your banks will say “okay fine, we’ll wait for nickel prices to go back below $30,000, meanwhile we’ll just lend you the money to stay in the position.”
- They will.
- Eventually nickel prices will go below $30,000 and you will get out of the trade at a modest loss.
- If prices never go below $30,000 then I guess your banks are very sad, but honestly they’re pretty sad about all of this anyway.
I cannot stress enough that this is not how it works if you are a small customer. This is the white-glove treatment that only the biggest customers get. If you are big enough, you get to tell the exchange how much money you’re willing to lose, and the exchange and your banks will make sure you don’t lose more than that.
Here is a wild Bloomberg News story about Xiang Guangda, the Chinese metals tycoon who runs Tsingshan Holding Group Co., who is nicknamed “Big Shot,” and who blew up the London Metals Exchange in March. We talked about it at the time, but this story adds a lot more detail about what Xiang, his bankers and the LME were thinking and doing. It is not pretty! Xiang shorted something like 150,000 tons of nickel somewhere in the $20,000s, and when nickel prices went up to $100,000 he said “no thank you”:
After nickel started spiking on March 7, Tsingshan struggled to meet its margin calls. … The LME had eventually intervened to halt trading a couple of hours after nickel hit $100,000. It also canceled billions of dollars of transactions, bringing the price back to $48,078, where it closed the previous day, in what amounted to a lifeline for Xiang and Tsingshan.
And then the LME said “well, okay, $48,000?” and Xiang again said “no thank you”:
To reopen the market, the LME proposed a solution: Xiang should strike a deal with holders of long positions to close out his trade. But a price of around $50,000 would be more than twice the level at which he had entered his short position, and would mean accepting billions of dollars in losses. ...
Xiang told the assembled bankers he had no intention of closing the position anywhere near $50,000. A few hours later he was delivering the same message to Matthew Chamberlain, chief executive of the LME. Tsingshan was a strong company, he said, and it had the support of the Chinese government. There would be no backing down.
And so his banks said “well okay what price would be acceptable” and he said “$30,000” and they said “fine”:
On March 14, a week after the chaos that engulfed the nickel market, Tsingshan announced a deal with its banks under which they agreed not to pursue the company for the billions it owed for a period of time. In exchange, Xiang agreed a series of price levels at which he would reduce his nickel position once prices dropped below about $30,000.
Eventually nickel got below $30,000 and he got out of the position at about a $1 billion loss. “The loss has been roughly offset by the profits of his nickel operations over the same period.”
The article also describes the scene at Xiang’s office on the evening of March 8:
Within hours, more than 50 bankers had arrived at his office wanting to hear how he planned to respond to the crisis. He told them simply: “I’m confident that we will overcome this.”
If FIFTY BANKERS ever arrive at your office all at once, (1) you have done something terrible but (2) it is absolutely their problem, not yours.
(And yes, it's a variation on an old joke, but it's a damned good version.)
hi
— Matt Levine (@matt_levine) May 9, 2018
1. my newsletter is still free
2. it is called Money Stuff
3. you can sign up for it here https://t.co/mTlB1XlfU7
Tuesday, July 19, 2022
"HODL Mode"
But first, a word from our CEO
🚨 Must watch! A #Celsius commercial: Celsius vs. Banks. Oh, so ironic. Poetic justice. 😄 pic.twitter.com/WBIghwRWwO
— WallStreetPro (@wallstreetpro) July 17, 2022
Sure it was a Ponzi scheme, but it was an innovative Ponzi scheme.
From the Block:
Celsius remained unable to make any public statements due to legal advice, but people with knowledge of the situation told The Block the firm was looking to avoid lengthy bankruptcy proceedings. Sources said Celsius believes much of its retail clientele would prefer the firm avoid bankruptcy and that users could show their support by engaging "HODL Mode" in their Celsius account, a security feature that keeps users from withdrawing or sending funds while activated, in the hopes that the legal team would see the strength of feeling existing among users. Celsius did not respond to requests for comment at that time."Strength of feeling" is a telling phrase. Culture (with emphasis on the first four letters) always plays an outsized role in almost all web3 businesses. While many crypto investors are simply in it because it superficially looks like a good deal, a substantial segment are there not just because they think they'll get rich but because they see themselves as warriors willing to face financial ruin to advance a noble cause.
For these investors, "HODL" is an emotionally charged term of great power. The idea of making that into a feature is inspired in an incredibly evil sort of way. Just imagine what Ponzi or Madoff could have done with it.
There's a lot more ugliness in the Celsius story. The always reliable Coffeezilla walks us through the latest twists and turns.
Monday, July 18, 2022
When it comes to the political fall-out of Dobbs, functional Republicans have a better grasp than many Democrats do
Mentally, a lot of Democrats are in a strange place these days. They... hell, let's be honest, we won (since I'm clearly taking sides here). We control the White House and, to a lesser degree, congress. The upcoming election is challenging but, at least for the moment, polls have been trending in our favor and the Republicans have given us a lot to work with.
Given the stakes of the next two elections, this would seem to be a moment for focus on the poor quality of Republican candidates and on issues where the GOP has locked itself into incredibly unpopular positions (particularly reproductive rights, the insurrection and the attack on Social Security and Medicare).
But instead of focus, we are all too often seeing despair and panic, or at the very least, a sense of helplessness.
Take this reader letter that Josh Marshall ran along with approving comments in his editor's blog recently. [Emphasis added.]
Just read your latest piece. I still think you are correct on the Codify Roe promise. But every single day that goes by without explicit promises, in living rooms and cars, the energy wanes. The right to abortion (and the right to privacy in general), affects many, many people. The actuality of it, on a day to day or week to week basis, doesn’t.
We saw a lot of think pieces a couple of months ago arguing that the electoral impact of repealing Roe would be limited since the new laws and their impact would largely be confined to strongly anti-abortion states. (Something we pushed back against at the time.)
In defense of NYT and the rest, in May it was still possible that the outrage would fade and the impact would not go much past women who sought abortions in these states and did not have the option of traveling somewhere that the procedure was available. A serious (arguably unprecedented) roll back of civil rights, but with little political consequences.
We now know how wrong that view was and the horror stories -- underage rape victims, ectopic pregnancies, life-threatening miscarriages, denial of vital medications, travel restrictions -- will only continue to multiply affecting all women between 8 and 55 who may at some point find themselves even temporarily in states with a Republican legislature, and the families of those people and their employers.
Among Republicans, all but the Flavor Aid drinkers are obviously aware of this because they are desperate to change the subject.
(And too many Democrats are eager to oblige them.)
This woman in Texas had started to miscarry, but her doctors couldn’t perform an immediate abortion because the fetus still had a heartbeat. She lost liters of blood and had to be put on a breathing machine as a result: AP. pic.twitter.com/5CctgIQkOE
— Liam Martin (@LiamWBZ) July 17, 2022
A Louisiana doctor prescribed Cytotec to make the insertion of an IUD less painful. Walgreens called the physician to ask if the prescription was for an abortion, she told them it was for an IUD & the pharmacist still refused to fill it. https://t.co/YGir1Skf3r
— Kat Macfarlane (@KatAMacfarlane) July 10, 2022
From the LA Times:
In Texas, dispensing methotrexate to someone who uses it to induce a miscarriage after 49 days of gestation is a felony; that makes pharmacists hesitant to fill such prescriptions for almost anyone with a uterus. A new total ban on abortion in Tennessee will effectively criminalize any medication that could disrupt pregnancy past the point of fertilization, with strict exceptions for a patient who will otherwise die. And in Virginia, confusion over rules about who is permitted to prescribe drugs “qualified as abortifacients” may be blocking access to the medication.
“That’s what was shocking to me,” said Schwarz, a 27-year-old who lives in Tysons Corner, Va. “In a state where I thought I was relatively protected regardless of what the Supreme Court decided, I found out I wasn’t.”
Methotrexate was originally developed as a chemotherapy agent more than 60 years ago. But in low doses, it has proved to be one of the safest, least expensive and most effective treatments for roughly a dozen autoimmune conditions, from juvenile idiopathic arthritis to Crohn’s disease.
“It’s one of the most common medications that I prescribe,” said Dr. Grant Schulert, a pediatric rheumatology specialist at Cincinnati Children’s Hospital. “It’s really a mainstay of our practice.”...
In one case, a pharmacist initially refused to dispense methotrexate to an 8-year-old girl in Texas. In a note the child’s doctor shared with Edens, the pharmacist wrote, “Females of possible child bearing potential have to have diagnosis on hard copy with state abortion laws.”
...
“The majority of rheumatic diseases affect females at substantially higher rates than males,” Edens explained. “The prevalence of rheumatoid arthritis in women to men is 3 to 1. For lupus it’s 10 to 1. And so rheumatology is a very female-predominate patient population.”
This is not a fade away kind of issue.
Friday, July 15, 2022
Please stop talking about Biden retiring
This is Joseph.
This post by Robert Reich is very good. Worth reading in full. He makes good points about the health issues that arise with age:
It’s not death that’s the worrying thing about a second Biden term. It’s the dwindling capacities that go with aging. "Bodily decrepitude," said Yeats, "is wisdom." I have accumulated somewhat more of the former than the latter, but our president seems fairly spry (why do I feel I have to add “for someone his age?”). I still have my teeth, in contrast to my grandfather whom I vividly recall storing his choppers in a glass next to his bed, and have so far steered clear of heart attack or stroke (I pray I’m not tempting fate by my stating this fact). But I’ve lived through several kidney stones and a few unexplained fits of epilepsy in my late thirties. I’ve had both hips replaced. And my hearing is crap. Even with hearing aids, I have a hard time understanding someone talking to me in a noisy restaurant. You’d think that the sheer market power of 60 million boomers losing their hearing would be enough to generate at least one chain of quiet restaurants
But this is absolutely the wrong time to be having this conversation.
Why would the Democrats projects weakness ahead of the 2022 congressional races?
With a 50-50 senate there are currently five toss-up races (Arizona, Georgia, Nevada, Pennsylvania, and Wisconsin). Losing the senate is obviously terrible. Even more aggressively, this is a context where the Democrats strategy is to try and add two senators. That means winning all five toss-up races, barring a surprise. It goes without saying that if South Carolina is competitive then things are going really well, but political strategy is not usually based on the other party completely collapsing.
It is also worth noting all of the key powers holding congress gives. The ability to have the Jan 6th committee is based on holding the house. The ability to appoint judges, including any surprise supreme court vacancies, is based on holding the senate. There are other nice features, like the ability to pass reconciliation bills that can't be held hostage that are based on congressional control. This stuff is important.
Based in the 2020 timelines, events that you need to be ready for start around February of the election year. Lynden Johnson dropped out of a president race on March 31, 1968 -- the same year as the election. So if Joe Biden had a thoughtful conversation over the summer of 2023 that would be plenty of time for the 2024 elections. But more importantly, unless he is about to actually resign and have Kamela Harris be the incumbent, how does talking about it now help?
Even if you wanted Kamela, would it not make sense to wait for 2 years to fully pass given the 22nd amendment to maximize possible future options. Keep in mind, this argument is about the future of the candidate and not his present.
Finally, would it even be good politics for Joe Biden to retire? I think that the jury is definitely out. Keep in mind that it is possible that Donald Trump will run in 2024. Obviously, Biden versus Trump is a known good match-up. The age issue is less salient politically when two candidates of similar ages are running and Biden has a style that is very good at kicking Trump off of his rhythm. If it is a different candidate then maybe calculations need to be made but the key issue is how Biden is holding up health-wise, and that is not an easy criterion to evaluate externally.
But no matter how you look at it, the mid-terms are a crucial piece of information about a decision that is currently not even remotely time sensitive. There are actual years before the decision would need to be made and all a premature decision would do is bring about lame duck status even faster and make things look bad before the midterm elections. How does this help?
Thursday, July 14, 2022
Thursday Tweets -- "Maybe it was me that made the mess."
Crypto is basically the phenomenon one gets if you cross Enron + Scientology + Amway. It synthesizes the characteristics of each to create a novel form of predatory investment to extract money from the public.
— Stephen Diehl (@smdiehl) July 11, 2022
Never a good sign.
JUST IN: Creditors say Three Arrows Capital Office completely abandoned and that the founders have gone missing.
— CryptoWhale (@CryptoWhale) July 11, 2022
But they aren't out of ideas yet.
"web3 users are going to have equal say in how a television show is made and will collectively create the next Marvel universe" is literally, hands down, one of the dumbest ideas I have ever heard. https://t.co/5V7NAzUpy0
— Jackson Palmer (@ummjackson) July 11, 2022
The level of gross negligence one would have to have as a portfolio manager to dump the pension fund's money into crypto is quite staggering. Even more so when it's the retirement funds of public servants. https://t.co/Agp5IWjHQb
— Stephen Diehl (@smdiehl) July 12, 2022
As loud as the outcry over the original decision was, I suspect the real impact of the repeal of Roe will come from the steady drip, drip, drip...
Post-Roe, many autoimmune patients lose access to 'gold standard' drug https://t.co/51oKHHY6Z5
— Mark Palko (@MarkPalko1) July 14, 2022
A Louisiana doctor prescribed Cytotec to make the insertion of an IUD less painful. Walgreens called the physician to ask if the prescription was for an abortion, she told them it was for an IUD & the pharmacist still refused to fill it. https://t.co/YGir1Skf3r
— Kat Macfarlane (@KatAMacfarlane) July 10, 2022
I was the ONLY reporter in the courtroom this morning as the man accused of raping a 10-year-old girl, impregnating her, leading to an abortion in Indiana, was arraigned.
— Bethany Bruner (@bethany_bruner) July 13, 2022
This confirms that the case exists.https://t.co/eWvtBMxqZW
Ohio AG: "Every day that goes by the more likely that this is a fabrication. I know the cops and prosecutors in this state. There's not one of them that wouldn't be turning over every rock, looking for this guy and they would have charged him." https://t.co/9TANfvRqZP
— Ronald Brownstein (@RonBrownstein) July 13, 2022
Anyway now that this has been confirmed to have happened perhaps the people who said it was a hoax will address whether a 10-year-old rape victim should be able to legally get an abortion?
— Matthew Gertz (@MattGertz) July 13, 2022
The 'R' in 'ERCOT' stands for 'Reliability.'
Texans are being warned to prep for power outages with temperatures in the 100’s, so here’s your reminder that after the grid failed in 2021–Abbotts campaign made an additional $4.6 million from energy industries. That includes $1 million from an energy tycoon.
— Olivia Julianna 🗳 (@0liviajulianna) July 11, 2022
Breaking: ERCOT has issued an alert for possible rolling blackouts Monday from 2 p.m. to 8 p.m. "A projected reserve capacity shortage with no market solution available." Additionally, ERCOT has issued a call for energy conservation Monday.
— Phil Jankowski 🌟 (@PhilJankowski) July 11, 2022
Tried to call my mom to see if she had power (she’s 25 miles away in Austin) but Verizon also had no service. I did not try 911, but I’m guessing it also didn’t work. This is what happens in the 10th largest metro in the country that is known for “tech.” pic.twitter.com/uBkGl5mM5a
— Emily Porter, M.D. (@dremilyportermd) July 14, 2022
Have to have some political tweets.
It sure seems that a bunch of people forgot that Hillary Clinton in her 2016 campaign said that Roe was on the line and a lot of people decided they didn't care. And now want to pretend they didn't do what they did in 2016. https://t.co/G2uF79BQme
— Armando (@ArmandoNDK) July 10, 2022
Any time MSNBC or CNN starts talking about 2024, turn it off, and then go on social media and let them know why you turned it off. No one wants to hear about something as far away as 2024 when we’re focused on the 2022 elections. It’s all about the midterms!
— Palmer Report (@PalmerReport) July 10, 2022
The Biden administration is finally telling the idiots on our “side,” who spend all their time hyperbolically attacking the Democratic Party, to basically go fuck themselves – and it’s about time. These types do incredible harm and need to be called out.
— Palmer Report (@PalmerReport) July 10, 2022
Alyssa Farah Griffin says Mark Meadows told her not to resign from the White House because Trump was going to be staying in power after losing the election. pic.twitter.com/YHie3hkQEI
— Sarah Reese Jones (@PoliticusSarah) July 13, 2022
Your periodic reminder that Paul Ryan sits on Fox Corps board of directors. https://t.co/BXGiOpNHtA
— Kai Ryssdal (@kairyssdal) July 11, 2022
When I read about Paul Ryan supposedly sobbing on January 6, 2021, I think of the cynical comment of Frederick of Prussia about his accomplice in the carve-up of Poland, Maria Theresa of Austria. "She weeps, but she takes her share - and the more she weeps, the more she takes."
— David Frum (@davidfrum) July 12, 2022
It's not often I sympathize with DJT, but not being able to talk about the one actual accomplishment of your presidency because it pisses off anti-vaxxers would suck.
Trump: But we did so much in terms of therapeutics and a word that I'm not allowed to mention. But I'm still proud of that word… We did that in nine months, and it was supposed to take five years to 12 years. But I'm not mentioning it in front of my people, pic.twitter.com/uiNoExjUmL
— Acyn (@Acyn) July 10, 2022
After all these years, how can gray water be something many Californians haven't heard of? Is our disinterest in solutions really that profound? https://t.co/SqMnL4keh1
— Mark Palko (@MarkPalko1) July 9, 2022
Didn't know you could commit treason against a person.
Navarro: The reason why I think the Pence is guilty of treason to at least Trump and perhaps in this country is that he acted on the basis of a flawed legal opinion pic.twitter.com/qq9YiL9bkG
— Acyn (@Acyn) July 12, 2022
Interesting point.
Fox News started in 1996. 2000 was the first election with it fully operating.
— Jonathan Chait (@jonathanchait) July 9, 2022
From my press criticism site, PressThink. https://t.co/KHA17PXLJd pic.twitter.com/o19p00EwIU
— Jay Rosen (@jayrosen_nyu) July 12, 2022
1/ So... Jordan Peterson thinks that not only is Russia attacking Ukraine because the US is 'degenerate,' but that they are justified in doing so. This is getting kind of scary, and not just because of the supervillain routine he's doing in his vids lately. pic.twitter.com/Bpp6C8HYqN
— bad_stats (@thebadstats) July 11, 2022
Gasoline prices peaked in mid-June (down 30 cents per gallon since then) and wholesale gasoline futures point to a much larger drop in coming weeks. This implies that headline inflation will begin to moderate in the July reporting period. pic.twitter.com/OgdWhdqWIH
— Joseph Brusuelas (@joebrusuelas) July 11, 2022
Did I miss the media shots at gas stations showing the dropping gas prices?
— Trish Reilly (@trishreilly17) July 8, 2022
If the NYT had only mentioned his name.
Just days after sending the emails above, Musk wrote and published the blog post that launched and defined his personal PR campaign: The Top Secret Master Plan. Positioning himself for the first time as a world-saving altruist genius, it set the blueprint: https://t.co/4OQx0BtCkS
— E.W. Niedermeyer (@Tweetermeyer) July 14, 2021
Dude you could just wear a sign that says “I don’t understand how signed contracts work” https://t.co/WTZIIHlBJJ
— Rick Bomstein (@BomsteinRick) July 9, 2022
Elon Musk announces he will be introducing a new twitter feature that will let you edit contracts after signing them
— 𝚃𝚑𝚎 𝙲𝚑𝚊𝚜𝚎𝚛 (@chaser) July 13, 2022
This is the person Elon Musk is apparently getting legal advice from. I bet he'd charge you a lot less hourlyhttps://t.co/xPSrd2tvyk pic.twitter.com/HrJwAV4D5I
— ESG Hound (@ESGhound) July 11, 2022
And to add injury to insult.
Holy moly. Well, that was unexpected!https://t.co/dUUqw7ojRv pic.twitter.com/7IGztPuE12
— Chris Bergin - NSF (@NASASpaceflight) July 11, 2022
When StarShip explodes, it will happen in 1/24th of a second. These are consecutive frames from the video yesterday. It's an instantaneous explosion, and this minor pop was felt six miles away. RUD on the pad will be a disaster scenario. pic.twitter.com/lbtgJNkvTt
— CommonSenseSkeptic (@C_S_Skeptic) July 12, 2022
We were there first.
Someone ran an experiment to see what would happen if you gave a degenerate memelord a couple hundred billion dollars.
— Josh Marshall (@joshtpm) July 11, 2022
Given the news, I've been thinking about this Gary Larson cartoon a fair bit pic.twitter.com/CtynbdkN1c
— Toby Earle 🇺🇦 (@TobyonTV) November 11, 2020
And misc.
VCs adding value to portfolio companies pic.twitter.com/bFZCEhNJRc
— Turner Novak 🍌🧢 (@TurnerNovak) July 13, 2022
Unbelievable story from India today. A group of farmers and unemployed youngsters have been busted for running a fake Indian Premier League, and conning Russian punters into betting on it.
— Jordan Elgott (@JElgott) July 11, 2022
He added if they'd been making better time, they'd all be dead now.
Check out this incredible avalanche footage from the Tian Shan mountains in Kyrgyzstan. Luckily, everyone survived. Account: https://t.co/amo4Bh6z8I pic.twitter.com/WQumCfelgz
— Everest Today (@EverestToday) July 10, 2022
"Maybe it was me that made the mess."
Y’all ☺️ pic.twitter.com/W2w2maVMYm
— Leaundra Ross 💙💚🏈 (@LeaundraRoss) July 11, 2022
Don't worry, he's got this.
Wednesday, July 13, 2022
Why do serious journalists keep talking about good fires?
Because they work.
YOSEMITE NATIONAL PARK — Last year and the year before, in an unprecedented environmental disaster, wildfires in California’s Sequoia National Park and nearby national forests roared through treasured sequoia groves in the Southern Sierra Nevada, generating flames hundreds of feet high and killing nearly 20% of all the giant sequoia trees left in the world.
But the Washburn fire burning now in Yosemite National Park, licking around the edges of the roughly 500 giant sequoias in Mariposa Grove — some over 200 feet tall and more than 2,000 years old — so far hasn’t killed a single one of the massive old-growth trees there.
A big part of the reason, experts say, is that park officials completed 23 projects at the grove since 1971 to thin brush and set controlled burns to remove dead wood and vegetation that had built up over more than century of fire suppression.
That left less dead material on the forest floor, and fewer shrubs and small trees like firs that can make fires burn hotter. As a result, the forest was restored to a more natural condition, experts say, similar to the way it would have looked centuries ago when lightning strikes and burning from native tribes sent low-impact fires through the Sierra every 10 years or so.
With a few notable exceptions (ProPublica, Reveal, Marketplace, NPR), the national coverage of the California wildfires has been, terrible. Sadly ecstatic disaster porn, with superficial coverage of causes and no interest whatsoever in solutions, which is especially sad because this is one of the few crises where we know what we need to do.
Liz Weil from her definitive ProPublica piece on the subject:
Yes, there’s been talk across the U.S. Forest Service and California state agencies about doing more prescribed burns and managed burns. The point of that “good fire” would be to create a black-and-green checkerboard across the state. The black burned parcels would then provide a series of dampers and dead ends to keep the fire intensity lower when flames spark in hot, dry conditions, as they did this past week. But we’ve had far too little “good fire,” as the Cassandras call it. Too little purposeful, healthy fire. Too few acres intentionally burned or corralled by certified “burn bosses” (yes, that’s the official term in the California Resources Code) to keep communities safe in weeks like this.
Tuesday, July 12, 2022
Ten years ago at the blog... we were talking about SCOTUS leaks.
Monday, July 9, 2012
The increasingly self-serving ethics of journalism
Just to recap, I've been complaining (whining, moaning, bitching, etc.) about the state of journallism for a while. Many of those complaints assume (explicitly or implicitly) that journalism is forming a dangerously insular and cohesive group identity (I'm writing outside my field so my terminology might be a bit off -- if a social scientist out there has any notes, I'm open to suggestions).
Assuming I'm on to something here, one of the things we would expect is an ethical code that has notably different standards of behavior inside and outside of the group. Intra-group crimes (like plagiarism where the primary victim is another journalist) would be viewed as grave while offenses against subjects and readers would be seen as less serious. This difference would be particularly notable where journalists and non-journalists are mutually responsible for an offense.
Which takes us to the example of the day. As you probably know, the recent health care decision has produced as usual amount of leak-driven coverage. This has deeply offended Charles Lane of the Washington Post. Here's are some of the phrases that Lane uses when discussing the leaks and leakers:
"slimy"
"oozing slime"
"Cassius and Brutus inside the court, creeping up behind the chief justice with their verbal daggers"
"shame on the treacherous insiders"
And here's how Lane talks about Jan Crawford, the reporter who published the leaks,
"a fine journalist"
"kudos to Jan Crawford for a nifty little scoop"
According to Lane, Crawford's story damages the Supreme Court and misleads the reader, but the responsibility is apportioned so that all of the blame falls on the sources for passing the story on to the reporter. He even goes further and praises the reporter for passing the story on to us.
I suppose it might be possible to come up with a situation where two parties knowingly work together to produce something bad for society and yet one party shoulders all of the blame while the other is praiseworthy but Lane is no where near making that case here, nor does he seem to realize that he needs to.
Monday, July 11, 2022
An amusing footnote to Joseph's Elon Musk post
Elon Musk talks a lot about humanity, and his love of humanity, and his need to save humanity in a way that isn't at all creepy or indicative of a messiah complex.
Musk's latest mission is to save humanity from the dangers of population collapse (a notion Joseph rebutted in the previously mentioned post). Part of this concern might have been meant to deflect media attention from the news that Musk had impregnated a direct report.
"Tesla Employees Now Permitted to Bring Elon Musk’s Children to Work"@HardDriveMag $TSLA https://t.co/BAxTWkmAx0
— Suspected Saboteur (@ShortingIsFun) July 9, 2022
When you get into the conversation around population collapse alarmists, you quickly notice that the concern focuses specifically on the collapse of certain populations (the US, Europe, Japan). Africa and Latin America don't get a lot of attention. While we don't want to paint with too broad a brush, much of this is definitely great replacement adjacent.
There is also a strong eugenics lite quality here, further emphasized by some of Musk's comments about the right people having children.
"Contrary to what many think, the richer someone is, the fewer kids they have. I am a rare exception," Musk said. He returned to that thread several times over the next month, adding on June 14, "I mean, I'm doing my part haha."On June 17, Musk tweeted the opening scene of "Idiocracy," the 2006 Mike Judge comedy depicting a world in which highly intelligent people are reluctant to reproduce while those with low IQs continue to have large families, dumbing down the Earth's population. "When I ask my friends why they're not yet having kids (very few are), it sounds exactly like the movie," he wrote.
Mike Judge used a somewhat cringey premise (which was the main thing Musk seemed to take away from the movie) to set up a satirical take on 2006 America. That premise was basically an update of "the Marching Morons," a classic science fiction story with a memorable ending.
The elite have tried everything rational to solve the population problem, but the problem cannot be solved rationally. The solution requires a way of thinking that no longer exists – Barlow's "vicious self-interest" and his knowledge of ancient history.Given Musk's fondness for classic science fiction, perhaps he has a copy.
Barlow derives a solution based on his experience in scamming people into buying worthless land and knowledge of lemmings' mass migration into the sea: convince the morons to travel to Venus in spaceships that will kill their passengers out of view of land. The story predates the moon landing, and the safety of space travel is summed up in a description of a rocket that crashed on the moon. Propaganda depicts Venus as a tropical paradise, with "blanket trees", "ham bushes" and "soap roots". In a nationalistic frenzy, every country tries to send as many of their people to Venus as possible to stake their claim.
Barlow's help includes using his knowledge of Nazi propaganda tactics: postcards are sent from the supposedly happy new residents of Venus to relatives left behind, describing a wonderful, easy life, in the same way as fraudulent postcards were sent to relatives of those incinerated in the Nazi death-camps.
But Barlow is duped by his erstwhile assistants. Barlow does not realize that the elite despise him, as they despise all people from the past for not having solved The Problem earlier. In the end, Barlow is placed on a spaceship to Venus to share the fate of his victims and realizes that crime does not pay, just before he dies.