Sunday, February 09, 2025
Americans Don't Want Musk Having A Lot Of Influence In The Trump Administration
Saturday, February 08, 2025
Unemployment Rate Drops To 4.0% In January
The Labor Department released it unemployment report for January on Friday. It showed the economy produced only 143,000 jobs in the month, but that was good enough to lower the unemployment rate to 4.0% (from 4.1% in December).
Here are the relevant statistics for January:
SIZE OF THE CIVILIAN WORK FORCE:
170,744,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
6,849,000
OFFICIAL UNEMPLOYMENT RATE:
4.0%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.7%
Adult women...............3.7%
Teens (16-19)...............11.8%
Whites...............3.5%
Blacks...............6.2%
Asians...............3.7%
Hispanics...............4.8%
Less than HS diploma...............5.7%
HS graduate...............4.5%
Some college...............3.5%
Bachelor's deg. or more...............2.3%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):
1,590,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
8,439,000
MORE REALISTIC UNEMPLOYMENT RATE:
4.9%
What's Happening In America Is An Attempted Autogolpe
What’s happening in America right now is an attempted autogolpe.
Latin American readers are surely familiar with the term. An autogolpe is literally a “self-coup” — when a legitimately elected leader uses his position to seize total control, eliminating legal and constitutional restraints on his power. Are Musk and Trump trying to pull off an autogolpe here? Of course they are. And they are doing so with, as far as I can tell, the full support of every Republican in the House and the Senate.
You should look at everything they do through that lens. Yes, we can ask whether a policy move makes sense in terms of its announced goals. But you should also always ask, “How does doing this serve the autogolpe?”
Take, for example, DOGE’s obsession with finding ways to lay off federal workers. This makes no sense as a priority if you know anything about where the taxpayer dollar goes:
The federal work force is no larger now than it was under Dwight Eisenhower.
But making “headcount reduction” a policy goal is a way to purge civil servants who remain loyal to the law and the Constitution and replace them with Trump and Musk loyalists.
Fortunately, the Trump Administration’s push to induce federal workers to take buyouts appears to be a bust. Many of the relative handful of workers who took the sort-of-a-deal before a judge put it on hold were probably planning to leave anyway. But behind this “policy” is an attempt to drive out the most idealistic, most dedicated workers.
Musk-Trumpocracy’s illegal shutdown of USAID should be seen through this lens. Musk clearly hates the idea of helping people in need: just look at the rage he has expressed over the philanthropy of MacKenzie Scott, Jeff Bezos’s ex-wife. While he may believe that the agency is “a viper’s nest of radical-left marxists who hate America”, it also serves the purpose of purging civil servants while demagoguing to Trump’s base. The same can be said of the confected furor over DEI.
It hardly needs pointing out that the attempted purge at the FBI, targeting anyone who investigated Jan. 6 rioters or Trump himself, is an integral part of the autogolpe. And so, obviously, is the terrifying attempt of Musk and his acolytes to seize control of the Treasury payments system and give crucial power to rewrite the code to a 25-year-old who turns out (surprise!) to be a racist and eugenicist.
But don’t despair. We are in the middle of an attempted autogolpe. It hasn’t succeeded so far. In fact, I’d say tentatively that the autogolpistas are having a harder time than they expected. America’s oligarchs may mostly have preemptively surrendered to the new regime, but many of the rest of us have not.
The attempt to get large numbers of civil servants to self-deport appears to have been a bust. The courts, which haven’t been completely corrupted, are throwing up roadblocks to some of the ongoing power grabs. Workers at the FBI and elsewhere are circling the wagons, as are federal unions. Whistleblowers and at least some media organizations have been reporting on Musk’s attempts to seize the digital high ground, and the efforts of political appointees at Treasury to cover up what has actually been happening says that they still fear the consequences of public exposure.
And while we haven’t yet seen the mass demonstrations that faced Trump early in his first term, there are a growing number of protests against both Trump and Musk.
It is time more elected Democrats took a vocal stand.
Now, the enemies of democracy will keep trying to find new ways to undermine rule of law. I have to admit that I never even thought about the federal payments system as a target before the news of Musk’s antics was broken. Special credit goes to Nathan Tankus, an expert on “the technical details of monetary policy”, who has become the man of the moment.
But resistance to the autogolpe will throw sand into its gears.
These are scary times. But the bad guys haven’t won yet.
Friday, February 07, 2025
A Clear Majority Of Texans Want Recreational Marijuana Legalized
The figures above are from the University of Houston Hobby School Poll -- done between January 13th and 21st of Texas adults, with a 2.83 point margin of error.
About 219,000 Workers Filed For Unemployment Last Week
The Labor Department released its weekly unemployment report on Thursday. It showed about 219,000 workers filed for unemployment benefits in the week ending on February 1st. Here is the official Labor Department statement:
In the week ending February 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 11,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 207,000 to 208,000. The 4-week moving average was 216,750, an increase of 4,000 from the previous week's revised average. The previous week's average was revised up by 250 from 212,500 to 212,750.
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