Why this Economy Feels Even Lousier than the Lousy GDP Print: Your Slice of the Economic Pie is Shrinking, by Wolf Richter

So what people saw in the first quarter, with the overall economy nearly stagnating, is that their slice of the pie got smaller by 0.3% compared to the fourth quarter. That’s on an average basis.

STRAIGHT LINE LOGIC

What happens when you start looking at economic statitistics on a per capita basis? They look even worse than the usually reported aggregate numbers. From Wolf Richter at wolfstreet.com:

The meme that 14 million jobs have been created since the Great Recession is constantly held up as proof that the labor market has healed, or has practically healed, even if there are a few soft spots left over – such as the pandemic lousiness of the jobs that have been created.

In official circles, the sound of folks patting themselves on the back is deafening. But for many working-age Americans, who have to compete with each other in the labor market, reality is tough.

Turns out, the US population, currently at 323.2 million, has grown by 16.5 million people since the Great Recession. Which is exactly why the unemployment problem has become so intractable: job growth has been less than…

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Clinton’s ‘off the reservation’ remark angers Native Americans, forces Twitter response | Fox News

http://www.foxnews.com/politics/2016/05/01/clinton-s-off-reservation-remark-angers-native-americans-forces-twitter-response.html?AID=7236

“I have a lot of experience dealing with men who sometimes get off the reservation in the way they behave and how they speak,” Clinton told Tapper.

Rob Capriccioso, Washington, D.C., bureau chief for Indian Country Today, wrote in a statement to NPR: “I bristle when I hear the phrase because many of the people who use it nonchalantly have likely never thought about its origin, nor have they probably ever visited a reservation.”

Virginia Gun Store Owner Targeted by more than 5 Dozen People

A gun store owner in Virginia has had it with people attempting to put pressure on him to close. So, the owner of what has been dubbed as the closest gun shop to Washington, DC has filed a civil suit against 64 individuals claiming that they conspired to put him out of business.

Source: Virginia Gun Store Owner Targeted by more than 5 Dozen People

Thought Target Bathroom Rule Was Bad? Look What Starbucks Is Doing…

I NEVER visit Starbucks!
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A lot of people have been upset about Target’s decision to let customers use whatever bathroom they feel like. In fact, over 800,000 people have signed a petition Source: Thought Target Bathr…

Starbucks, Hudson’s Bay Co. — parent company to Lord & Taylor and Saks Fifth Avenue — and Barnes & Noble all told USA TODAY that employees and customers in their stores are welcome to use the bathroom of the gender they identify with.

Starbucks spokeswoman Jaime Riley said the company is “looking into additional opportunities to have more gender-neutral signage in our restrooms where jurisdictions allow it.”

Source: Thought Target Bathroom Rule Was Bad? Look What Starbucks Is Doing…

He Said That? 4/29/30

From Donald J. Trump (born 1946), businessman and candidate for president, April 27, 2016 foreign policy speech at the Center for the National Interest:

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Unfortunately, after the Cold War, our foreign policy veered badly off course. We failed to develop a new vision for a new time. In fact, as time went on, our foreign policy began to make less and less sense.

Logic was replaced with foolishness and arrogance, and this led to one foreign policy disaster after another.

We went from mistakes in Iraq to Egypt to Libya, to President Obama’s line in the sand in Syria. Each of these actions have helped to throw the region into chaos, and gave ISIS the space it needs to grow and prosper.

It all began with the dangerous idea that we …

STRAIGHT LINE LOGIC

From Donald J. Trump (born 1946), businessman and candidate for president, April 27, 2016 foreign policy speech at the Center for the National Interest:

***

Unfortunately, after the Cold War, our foreign policy veered badly off course. We failed to develop a new vision for a new time. In fact, as time went on, our foreign policy began to make less and less sense.

Logic was replaced with foolishness and arrogance, and this led to one foreign policy disaster after another.

We went from mistakes in Iraq to Egypt to Libya, to President Obama’s line in the sand in Syria. Each of these actions have helped to throw the region into chaos, and gave ISIS the space it needs to grow and prosper.

It all began with the dangerous idea that we could make Western democracies out of countries that had no experience or interest in becoming a Western Democracy.

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