Trump dials idiot up to 11, and his Trumpeters follow

Spinal_Tap_-_Up_to_ElevenYou can’t make this shit up. The GOP today does its own version of Spinal Tap by dialing it up to 11.

Martin Longeman writes at the Political Animal Blog, Trump Takes Idiot to Eleven in Scotland:

Writing in the New York Times, Ashley Parker casts some shade on Donald Trump’s triumphant reaction to the U.K.’s decision to separate from the European Union.

Early in June, Mr. Trump did not even know what Brexit referred to, and as recently as Wednesday, Mr. Trump said that his opinion on the referendum was insignificant because he had not been following the issue closely.

Amazingly, Trump landed in Scotland today to promote his golf course, seemingly without realizing that the Scots are pissed as hell about the outcome of the referendum.

In a stunning display of tone-deafness, he told the assembled reporters how great it was that the U.K. has asserted its independence. And then proceeded to explain how the tumbling English pound would help his golf course make money.

Continue reading

Brexit makes a global recession more likely

I have been warning you for months now about the economic slowdown in China, China economic news: Asian indicators likely to confirm slowdown continues, and uncertainty over the pending Brexit vote in Britain.

heston-beachAs I was streaming the BBC News election coverage last night, I was reminded of George Taylor (Charlton Heston) in this famous scene from Planet of the Apes (1968): “We finally really did it. You Maniacs! You blew it up! Ah, damn you! God damn you all to hell!”

As I was watching returns, “the British pound fell more than 10 percent Thursday night, reaching $1.34 per pound, after midnight Eastern time, a stunning decline for a rich country’s currency in a single day.” The stunning collapse of the British pound, in charts.

When it became clear that “Leave” the EU was going to win, the next dominoes to fall were Prime Minister David Cameron announcing that he would resign in October, and the global markets responding with steep declines. Britain’s shock vote brings swift consequences as leader to resign, markets plunge:

A day after British voters defied widespread warnings of economic and political peril should they cut ties with the European Union, the country reckoned with the consequences as markets tanked across the globe, the prime minister said he would resign and the United Kingdom felt the renewed pressure of a breakup.

Brexit resultsThe cascading developments, all within hours of the result of a deeply polarizing referendum, reflected a country shocked by its own decision.

* * *

[I]n the short term, the pessimistic view appeared to be winning out Friday as the country endured layer upon layer of self-inflicted turmoil — and a sudden question over who would lead Britain at a crucial moment.

With Britain still absorbing the dawn news that the country had voted by a margin of 52 percent to 48 percent to withdraw from the E.U., an emotional Prime Minister David Cameron appeared in front of 10 Downing Street on Friday and said he would step down after championing a failed campaign.

Continue reading

The Brexit: anti-immigrant xenophobia behind exit from EU

The front page of the Daily Mirror today from Britain.

DailyMirror

Britain leaving the European Union has frequently been portrayed as a desire to leave an overly regulated and overly burdensome economic system in which British “sovereignty” was suppressed in favor of a European identity. Late in the campaign, the UK Independence Party (UKIP), led by a Donald Trump–style populist demagogue named Nigel Farage adopted this nationalistic slogan, ‘Let June 23 Be Our Independence Day’.

The Brexit was never really about the EU economic system. The nationalism expressed by Nigel Farage represents a nativist, anti-immigrant xenophobia in Britain.

Continue reading

Go “local” during National Independents Week (June 25 to July 4)

indie-week-2016-header

INDEPENDENTS WEEK

CELEBRATING THE 11TH ANNIVERSARY OF NATIONAL INDEPENDENTS WEEK, 6/25 – 7/4/2016!

“During this week, we encourage you to “go local” by supporting as many locally owned businesses as possible. Join the thousands of consumers and hundreds of businesses who participate in this statewide celebration of the local and independent businesses that are the backbone of the Arizona economy.”

As usual, download the 20% off Golden Coupon and go online for long list of participating businesses (scroll down to Oro Valley or Tucson of whatever city you wish to visit or shop in):

http://www.localfirstaz.com/directory/golden-coupon.php

I picked up my actual Golden Coupon at Bookman’s Sports Exchange on Speedway.  Now just to decide which business to choose from during Independents Week….