Author Archives: Editor of the Fabius Maximus website

About Editor of the Fabius Maximus website

Larry Kummer. See the authors page for more information about me, my co-authors,and the Fabius Maximus website.

Campaign 2016: America passes into new hands

Summary: Campaign 2016 has achieved what many thought impossible, unifying America’s ruling class — behind Hillary Clinton. If Clinton manages this skillfully, it will mark the end of political polarization among our elites and begin a new era of bipartisanship (while America’s citizens remain weak and fragmented). The effects could be huge. She and the Democrats will owe it all to Trump.

Hands holding America

This election has become a carnival sideshow, behind our rulers are arranging a new government for America. There is no screen concealing these things. We just prefer to watch the entertaining follies up front, while our rulers take of business on the back of the stage.

There are three hundred thousand entries on Google for “political polarization”, mostly whining about its awfulness and pining for the bipartisanship of the days of yore. Worry no more! America’s ruling class has unified behind Hillary Clinton. Now she has to just build it into an enduring coalition, as FDR did.

Clinton’s coalition is a broad one, built by betraying some the Left’s core beliefs (just as the GOP came to power in 1964-1982 by adding racism to its platform). Bold foreign wars and aggressive domestic surveillance won support of the neocons and military-industrial-complex. Goldman, as usual, got in early and built Clinton’s support from Wall Street. The coy Clinton-Kaine will-they-won’t-they act prepares for their eventual support of the Trans-Pacific Partnership (hence her support by big business).

Slowly people are seeing the truth. Such as Aran Gupta at CounterPunch

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What to expect from Team Hillary in the White House

Summary: It’s time to tear ourselves from laughing at the dramatic self-destruction of Trump and consider what we will see in the Hillary Administration. Here are three predictions. Imagine the tendencies of the Obama Administration, but far more aggressive. Note: I’ve been accurate so far (a year ago predicting Trump’s strength, and in March predicting his crushing defeat).

Queen Hillary Clinton

 

Contents

  1. Our mad wars continue, with more assassinations.
  2. Aggressive enforcement of political correctness.
  3. Scouring of the climate skeptics.
  4. For More Information.

 

(1)  The long mad war continues, with more assassinations

This week former CIA Director Michael Morell endorsed Hillary in the NYT; she proudly tweeted about it. He has a scary record as a supporter of the failed tactics in our mad wars.

“After leaving the CIA in 2013, Morell authored a memoir entitled The Great War of Our Time: The CIA’s Fight Against Terrorism–From al Qa’ida to ISIS. The book was widely criticized for defending detainee torture in the post-9/11 era. Morell was also a co-author of a “rebuttal” to the Senate Intelligence Committee torture report.” {From The Intercept.}

He works for Beacon Global Strategies (a small firm) with another top-level Hillary operative. He was interviewed by Charlie Rose and said something that deserves our attention.

Morell: “The Iranians were making us pay a price. We need to make the Iranians pay a price in Syria. We need to make the Russians pay a price.”

Rose: “You make them pay the price by killing Russians? And killing Iranians?”

Morell: “Yes. Yes. Covertly. You don’t tell the world about it, right? You don’t stand up at the Pentagon and say we did this. Right? But you make sure they know it in Moscow and Tehran.”

This lunatic doesn’t mention how the Russians will respond to America’s assassination of their people (it won’t be pretty). The full interview is worse.

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What you haven’t been told about the July jobs report

Summary:  Another jobs report, more clickbait headlines about the monthly noise. Here’s a look beneath the glitz to the important news. The US economy continues slow steady growth, with continued signs of slowing. Also, 47% of new jobs went to foreign-born workers during the past year. Important matters. Too bad neither the candidates, journalists, or Americans care about such things. On to the next astounding soundbite!

Contents

  1. The noise: monthly changes in jobs.
  2. The important news about the trend in number of jobs.
  3. A clearer trend: total number of hours worked.
  4. Where were the new jobs?
  5. What about the info sector jobs machine? Let’s all become programmers!
  6. A red flag: growth in temp workers has slowed to almost zero.
  7. It’s not a “Starbucks Economy”. See the slow but steady wage growth.
  8. Explosive news: 47% of new jobs went to foreign-born workers.
  9. Conclusions and For More Information

Here are the monthly numbers that generate the exciting headlines!
It’s noise. The trends are almost impossible to clearly see.
Graph of the monthly change in jobs since Jan 2013 (SA).

New Jobs by month through July 2016.

Here is a more useful graph. Employment is still growing, but slowing.
Do you see why the monthly outpourings of joy or despair during the past 4 years?
The real story is the stability of the slow growth in the US economy.
Graph of the year-over-year percentage growth in jobs (not seasonally adjusted).

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