The Daily Parker

I may have dodged a virus this week, though I'm not 100% sure yet. I have a lot more confidence in my health than the world has in the OAFPOTUS, however. And the news today doesn't change that at all:

• Radley Balko, tongue firmly in cheek, satirizes the Republican Party in a way I will not spoil for you. (His takedown of Senate Majority Leader Chuck Schumer, D-NY, made me guffaw.)
• Yascha Mounk warns that the OAFPOTUS's irrational and malignantly stupid attack on the very things that made America great in service of his demented ego make it likely he'll do other malignantly stupid things in future.
• Anne Applebaum warns that "this is what arbitrary, absolute power looks like."
• Jennifer Rubin counters with a view of "when autocrats screw up."
• The Dispatch editorial board warns that the MAGA crowd's "foreign policy was ancient when Charlemagne was on the throne, and their economic philosophy was hatched in the 15th century."
• Conservative University of Chicago Law professor Aziz Huq offers up the 14th Amendment's Equal Protection clause as a possible avenue for defeating the OAFPOTUS's personal vendettas.

Tomorrow I'm taking advantage of a ridiculously full PTO bank and cheap train tickets to finally extend the Brews & Choos Project into Wisconsin, so you'll want to watch this space over the weekend for those posts.

The OAFPOTUS's handling of the economy showed real results this week. It wasn't fair of me to put the mid-day YTD numbers from the two major American indices up this morning; I should have waited to market close.

So how'd we do?

S&P 500: 5,074.08, down 5.97% today, 10.5% since Wednesday, and 13.54% YTD
DJIA: 38,314.86, down 5.5% today and 9.62% YTD

How about other indices?

FTSE 100: down 4.95% today, 6.97% this week, but only 2.48% YTD (because Europe thought they were safe from this man's malignant stupidity)
Nikkei 225: down 2.75% today, 14.06% YTD
Nasdaq Composite: down 5.82% today, 19.15% YTD
Tesla: down 10.42% today, 36.87% YTD.

Wow, I can't wait to look at my next 401(k) statement!

This was the worst week in equity markets since June 2020. Now, remind me, who was president then? When we finally get through this era, I hope that the twin myths of Republican national security seriousness and Republican economic policy success are dead forever.

Since the OAFPOTUS announced his (clearly unlawful) tariffs on everyone, including the penguins in the South Atlantic, the markets have responded. For example, the Dow-Jones Industrial Average and Standard & Poor's 500 indices have made some minor adjustments:

Note that it's only 11am in New York, and these numbers continue to fall.

The bond markets have also raised some questions about the malignant stupidity of the guy behind the Resolute Desk. As Jeff Maurer and others pointed out, the OAFPOTUS has always misunderstood what the balance of trade actually means.

Meanwhile, the Clown Prince of X is about to destroy Medicare. Hang on to your asses.

We had a wild ride in March, with the temperature range here at Inner Drive Technology WHQ between 23.3° on the 14th and -5.4°C on the 2nd—not to mention 22.6°C on Friday and 2.3°C on Sunday.

Actually, everyone in the US had a wild ride last month, for reasons outside the weather, and it looks like it will continue for a while:

• US Senator Cory Booker (D-NJ) spent the night haranguing the OAFPOTUS from the Senate floor.
• Jennifer Rubin is not tired of winning against the OAFPOTUS, who has lost every single court case brought against his administration's actions.
• David French points at the decrepit Russian Army to remind us that a politicized military is an ineffective military.
• Anne Applebaum frets about "the corruption and stagnation in our future" if the OAFPOTUS keeps behaving like Viktor Orbán.
• ProPublica takes us along with the flight attendants on those illegal ICE deportation flights.
• Mother Jones' editor in chief Kiera Butler spent last weekend with the deeply weird Christianists who want more Christian babies.
• Midland, Texas-based writer Carrie McKean explains that people in her part of the world aren't actually superstitious bumpkins who want the freedom to let their children die of measles instead of vaccinating them, no matter how much that duck quacks.

Finally, the Dunning-Krueger poster children working for the Clown Prince of X have announced plans to replace the 60 million lines of COBOL code running the Social Security Administration with an LLM-generated pile of spaghetti in some other language (Python? Ruby? Logo?) before the end of the year. As this will only cost a few million dollars and will keep the children away from the sharp objects for a while, I say it's money well spent for software that will never see the light of day. There are only two possibilities here, not mutually-exclusive: they are too dumb to know why this is stupid, or they don't care because they actually want to kill Social Security by any means they can. I believe it's both.

But I must, must share this ad from Canada's Liberal Party. Wait for the end:

After our gorgeous weather Sunday and Monday, yesterday's cool-down disappointed me a bit. But we have clear-ish skies and lots of sun, which apparently will persist until Friday night. I'm also pleased to report that we will probably have a good view of tomorrow night's eclipse, which should be spectacular. I'll even plan to get up at 1:30 to see totality.

Elsewhere in the world, the OAFPOTUS continues to explore the outer limits of stupidity (or is it frontotemporal dementia?):

• No one has any idea what the OAFPOTUS's economic plan is, though Republicans seem loath to admit that's because he hasn't got one.
• Canada and the EU, our closest friends in the world since the 1940s, have gotten a bit angry with us lately. Can't think why.
• Paul Krugman frets that while he "always considered, say, Mitch McConnell a malign influence on America, while I described Paul Ryan as a flimflam man, I never questioned their sanity... But I don’t see how you can look at recent statements by Donald Trump and Elon Musk without concluding that both men have lost their grip on reality."
• On the same theme, Bret Stephens laments that "Democracy dies in dumbness."
• ProPublica describes a horrifying recording of Acting Social Security Commissioner Leland Dudek's meeting with senior SSA officials last week in which he demonstrated why the OAFPOTUS pulled him from a terminal job as "the ultimate faceless bureaucrat" to head the agency. (Some people have greatness thrust upon 'em?)
• Molly White sees "no public good" for a "strategic bitcoin reserve," but is too polite to call the idea a load of thieving horseshit.
• Author John Scalzi threads the needle on boycotting billionaires.
• Writing for StreetsBlog Chicago, Steven Vance argues that since the city has granted parking relief to almost every new development in the past few years, why not just get rid of parking minimums altogether?

Finally, in a recent interview with Monica Lewinsky, Molly Ringwald said that John Hughes got the idea for Pretty in Pink while out with her and her Sixteen Candles co-stars at Chicago's fabled Kingston Mines. Cool.

This quote from Kremlin spokesman Dmitry Peskov sums up the last six weeks: "The new administration is rapidly changing all foreign policy configurations. This largely aligns with our vision."

Or, as Dana Milbank wrote this morning, the OAFPOTUS has taken less than a week to set the country back 100 years:

Armed with a portfolio of fabricated statistics, Trump judged that “the first month of our presidency is the most successful in the history of our nation — and what makes it even more impressive is that you know who No. 2 is? George Washington.

Usually, such talk from Trump is just bravado. But let us give credit where it is due: Trump has made history. In fact, it’s not much of an exaggeration to say that, over the course of the last five days, he has set the United States back 100 years.

Trump on Monday implemented the largest tariff increase since 1930, abruptly reversing an era of liberalized trade that has prevailed since the end of the Second World War. He launched this trade war just three days after dealing an equally severe blow to the postwar security order that has maintained prosperity and freedom for 80 years. Trump’s ambush of Ukrainian President Volodymyr Zelensky in the Oval Office, followed by the cessation of U.S. military aid to the outgunned ally, has left allies reeling and Moscow exulting.

And our erstwhile friends? “The United States launched a trade war against Canada, its closest partner and ally, their closest friend,” Canadian Prime Minister Justin Trudeau said on Tuesday. “At the same time, they’re talking about working positively with Russia, appeasing Vladimir Putin: a lying, murderous dictator. Make that make sense.”

The Dow Jones Industrial Average shed more than 1,300 points. Inflation forecasts are increasing (the free-trading Peterson Institute says Trump’s tariffs will cost the typical American household $1,200 per year). Retailers such as Target and Best Buy are warning about higher prices. The Atlanta Fed’s model of real GDP growth, which a month ago saw 2.3 percent growth in the first quarter, now sees a contraction in the first quarter of 2.8 percent.

Russia almost doesn't matter anymore, and wouldn't at all if it didn't have 3,000 nuclear weapons. Yet here we are, taking our victory lap after defeating Stalinism, by giving Putin everything he ever wanted.

It's entirely possible that I will have something to post about the OAFPOTUS's self-dealing almost every one of the next 1,417 days. One hopes not, however. I mean, we only have 608 more days until the next election!

Jeff Maurer starts today's update with his take on the laughable proposal for the United States Government to buy cryptocurrency:

The president wants to spend taxpayer dollars to buy fake non-money that Twitch streamers use to buy drugs. And he’s not limiting the government to the less-laughable cryptocurrencies, like Bitcoin — if Bitcoin is Coca-Cola, Trump wants to also buy Jittery Jimmy’s High-Fructose Fizz Drink. Trump has mused that buying cryptocurrency could get the government out of debt, which sounds like the plan a degenerate gambler makes right before his body turns up in a New Jersey landfill.

This plan clearly benefits someone — the value of the cryptocurrencies Trump mentioned spiked after the announcement — but because cryptocurrencies are anonymous, we don’t know who got rich. It could be donors, foreign interests, or Trump family members — the only thing we know is that it was somebody terrible. Plus, someone placed a highly leveraged $200 million purchase right before Trump’s announcement, so there’s probably an old-timey insider trading scam happening alongside this Digital Age scam-of-the-future.

Another likely beneficiary is the guy who told Trump to do this: David Sacks. You may know Sacks as the ardent Trump backer and frequent repeater of Kremlin talking points whom Trump named as his “Crypto Czar”, with the “Czar” part really making sense given Sacks’ beliefs. Sacks says that he sold all of his cryptocurrency before Trump took office, but we can’t verify that, because crypto is anonymous. We do know that Sacks’ venture capital firm — the stake in which Sacks has not said that he sold — invests in a crypto fund whose top five holdings are exactly the five cryptocurrencies that Trump wants the government to buy. Sacks is a really lucky dude! It’s like if I was named Blog Czar and then got the government to buy a billion I Might Be Wrong subscriptions, and to be clear: President Trump, that offer is very much on the table.

Molly White also has a few things to say on the subject, with less satire and more technical expertise.

Given the raging corruption coming from the top of the party, is it any surprise that US Senator Joni Ernst (R-IA) has cozy relationships with the military contractors her committee regulates?

Meanwhile...

• The S&P 500 index of large stocks fell 2% yesterday and 3.5% over the last week as the OAFPOTUS started the stupidest trade war in history with our three biggest trading partners.
• Who could have guessed that China's and Russia's foreign-intelligence services have ramped up efforts to recruit US government workers, now that so many of them are legitimately disgruntled? Who indeed.
• American Airlines has cut hundreds of flights from its summer schedule because of the Clown Prince of X illegally firing thousands of government employees.
• Yascha Mounk does not completely understand the new world order yet, but it seems clear to him that we're in a truly historical transition.
• Paul Krugman interviews Nathan Tankus, an expert on the COBOL code that runs the Federal Reserve and Treasury.
• Charles Marohn is infuriated by the OAFPOTUS rescinding Federal approval for the New York City congestion pricing plan, even though he found flaws in its implementation.

Finally, I was pleased to see that Amazon and MGM Studios have started development of a TV series based on the first novel in Iain M Banks' Culture series, Consider Phlebas. It's a fun novel, and a good introduction to the series—which makes sense as it's the first one he wrote. I hope it gets to production.

One of my work projects has a monthly release these days, so right now I'm watching a DevOps pipeline run through about 400 time-consuming integration tests before I release this month's update. That gives me some time to catch up on all this:

The New York Times has a long explanation of how the Clown Prince of X took over the federal bureaucracy.

• As I and others have warned for years, the OAFPOTUS has embarked on a truly unprecedented program of bribery and corruption that we may never recover from. For example, as Joyce Vance describes, the Clown Prince has cancelled a $2.4 billion Verizon contract to modernize our air-traffic control infrastructure and given it to...Starlink, which the Clown Prince owns.
• Radley Balko highlights the OAFPOTUS's "full-frontal assault on democracy" over a five-day period this month.
• Paul Krugman is shocked—shocked!—that all of the chaos from the administration has caused an economic slowdown that will only get worse.
• The Economist have published their 2024 global democracy index, which kept the US at "flawed democracy" and saw Bagnladesh plummet from there to "hybrid regime (lower half)."
• Yascha Mounk wants the US to end the requirement to have a prescription to buy glasses, and jokes that maybe DOGE can see to it.
• The Chicago Transit Authority plans to build a four-kilometer walking path with dog parks under the new Red/Purple trestle between Lawrence and Bryn Mawr.

All right, the build has finished, so I can now deploy. And for no reason other than I like it, here is a photo of Cassie watching TV with me last night:

The Weather Now gazetteer import has gotten to the Ps (Pakistan) with 11,445,567 places imported and 10,890,186 indexed. (The indexer runs every three hours.) I'll have a bunch of statistics about the database when the import finishes, probably later tonight or tomorrow morning at the latest. I'm especially pleased with the import software I wrote, and with Azure Cosmos DB. They're churning through batches of about 30 files at a time and importing places at around 10,000 per minute.

Meanwhile, in the rest of the world:

• The OAFPOTUS will likely get nowhere with Russian dictator Vladimir Putin for the same reasons no one else has: Putin doesn't negotiate in good faith.
• Former US Ambassador to Hungary David Pressman explains how Hungarian president Viktor Orbán and his allies have enriched themselves at the country's expense, as a warning about what is starting to happen over here.
• French president Emmanuel Macron had to correct the OAFPOTUS more than once in a press conference yesterday that I'm sure one of them remembered and the other did not.
• Clown Prince Elon Musk stepped on a rake over the weekend in part because his prank email to every Federal worker could very likely cause some Justice Department lawyers to face sanctions.
• James Fallows explains how Musk's Maoist vandalism of the US Government will have catastrophic consequences in aviation sooner rather than later.
• Will the known charlatan Dr Mehmet Oz truly divest himself from his financial interests in Medicare- and Medicaid-related companies now that he's been tapped to head the Federal agency that runs both? Ah, ha ha, ha. How droll.
• Chicago Public Media has come out as strongly as they can against Chicago Mayor Brandon Johnson's proposed $830 million bond sale. (I mentioned the bond sale last week.)
• According to Newsweek, a poll found Johnson's approval rating at 6.6%, lower than Rod Blagojevich's approval when the legislature removed him from office in 2009. (A Daily Parker reader joked that Johnson is now less popular than chlamydia.)
• Medium-term inflation expectations in the US have surged to levels we haven't seen this century, prompting Paul Krugman to ask why the markets don't seem to care (hint: Upton Sinclair).
• Craft distilleries in Illinois have their hopes pinned on a bill making its way through the state legislature that would remove restrictions on how they can operate tasting rooms. I'm also hoping the bill passes.

Finally, in February 1852, a man calling himself David Kennison died in Chicago. He had clamed to be 115 years old, participated in the Boston Tea Party, and hobnobbed with the great and good in the early days of the Republic. And in the proud tradition of people giving undue acclaim to total charlatans, the entire city turned out for his funeral—173 years ago yesterday.