It’s Monday…
President Shitshow’s public schedule for…
| Monday, March 10 2025 |
| 9:00 AM In-Town Pool Call Time The White House In-Town Pool |
| 2:00 PM The President holds a Roundtable with Technology CEO Council Roosevelt Room Closed Press |
| 3:00 PM The President signs Executive Orders Oval Office Closed Press |
| 5:00 PM The President holds a Ceremonial Swearing-In for the Director of the United States Secret Service Oval Office Closed Press |
Twitter was down this am. So, I’m super behind in things, I did try and hang out at Bluesky, but it’s been a slow start to the news today…
Sort of.
Canada Gets a New PM
On Sunday, liberals in Canada voted to replace Justin Treadu as both leader of the liberal party and Canada’s Prime Minister.
The new liberal leader is Mark Carney. Reportedly he won with 85 percent of the liberal vote.
In his speech after becoming Canadian prime minister, Mark Carney vows to fight President Trump’s tariffs and threats to make Canada the 51st U.S state. nbcnews.to/3DH5yMC
— NBC News (@nbcnews.com) March 10, 2025 at 7:34 AM
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The general election from what I read yesterday has to take place before October 2025.
Speaking of Canada…
BREAKING: The Canadian province of Ontario will charge 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war.
— The Associated Press (@apnews.com) March 10, 2025 at 8:39 AM
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Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war.
Ontario provides electricity to Minnesota, New York and Michigan.
“I will not hesitate to increase this charge. If the United State escalates, I will not hesitate to shut the electricity off completely,” Ontario Premier Doug Ford said at a news conference in Toronto.
“Believe me when I say I do not want to do this. I feel terrible for the American people who didn’t start this trade war. It’s one person who is responsible, it’s President Trump.”
AP News. 03/10/2025.
The Economy…
Current Stock Market Numbers via CNN:
Usually, when there is a downward trend in the stock market aka days in a row of loses, the current holders of the White House try and go out and slow the bleeding…
Well, since the current Admin is a complete Shitshow, instead of going on TV or taking to social media to reassure investors, they’ve decided to do the opposite.
Yesterday, President Shitshow wouldn’t rule out a recession.
BARTIROMO: Are you expecting a recession this year? TRUMP: I hate to predict things like that. There is a period of transition.
— Aaron Rupar (@atrupar.com) March 9, 2025 at 7:12 AM
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She says in the clip that she knows President Shitshow inherited a mess from the Biden Admin…
This leads us to another President Shitshow adviser say today that any recession that happens is Biden’s fault…
Hassett: "We've got a Biden economy. Still, most of Biden's policies are in place. If you look at the Atlanta Fed GDP now number, it's showing negative first quarter, which is kind of a metric of the inheritance of President Biden."
— Aaron Rupar (@atrupar.com) March 10, 2025 at 8:01 AM
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Hassett mentions the Atlanta Fed sharing GDP Now’s prediction that our GDP growth for the first quarter will be in the negative.
The disclaimer:
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. In particular, it does not capture the impact of COVID-19 and social mobility beyond their impact on GDP source data and relevant economic reports that have already been released. It does not anticipate their impact on forthcoming economic reports beyond the standard internal dynamics of the model.
Their prediction:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.4 percent on March 6, up from -2.8 percent on March 3. After recent releases from the Institute for Supply Management, the US Bureau of Economic Analysis, and the US Census Bureau, the nowcasts of first-quarter real personal consumption expenditures growth and real gross private domestic investment growth increased from 0.0 percent and 2.5 percent, respectively, to 0.4 percent and 4.8 percent, while the nowcast of the contribution of net exports to first-quarter real GDP growth fell from -3.57 percentage points to -3.84 percentage points.
Atlanta Fed.org. 03/06/2025.
From their slide show PDF (5pgs)…
But sure, it’s Biden’s fault.
The Stock Market isn’t just reacting to President Shitshow’s “to tariff or not to tariff”…
This week the government shuts down if a spending resolution is not passed by March 14th.
The House GOP released their plan to fund the government thru September of 2025.
Politico (03/08/2025):
A seven-month funding patch released by House Republicans Saturday would add billions of dollars in spending for deportations, veterans’ health care and the military while cutting an even greater amount of funding for non-defense programs.
[snip]
GOP leaders said that the bill would increase defense spending by about $6 billion over current budgets, while non-defense funding would fall by a total of about $13 billion. It fulfills a Trump administration request for additional ICE funding to help carry out deportations. The stopgap also maintains a freeze on more than $20 billion in special IRS funding.
[snip]
The bill, for instance, does not renew $40 million in fiscal 2024 funding for more than 70 programs that help children and families. Most had been requested by Democratic senators, but not all: Republican Sen. Cindy Hyde-Smith previously secured $250,000 for a group that works to prevent child abuse in her home state of Mississippi and GOP Sen. Lisa Murkowski requested more than $5 million to help fund homeless shelters and prevent child abuse in Alaska.
Also forgone are $890 million in grants for health care facilities and equipment. Again, the fiscal 2024 funding had been distributed on a bipartisan basis: GOP Sens. Shelley Moore Capito of West Virginia, Lindsey Graham of South Carolina, Markwayne Mullin of Oklahoma, Roger Wicker of Mississippi were among those who requested funding for clinics and hospitals in their states.
Bipartisan emergency preparedness and disaster mitigation projects funded through $293 million of earmarked FEMA dollars are also not renewed, as well as $116 million in Small Business Administration funding and $107 million in workforce development projects. Clean water projects, law enforcement grants and tribal assistance are also targeted in the bill.
Politico (03/08/2025).
I should note there is one cheerleader predicting there won’t be a recession to come…
Americans should ‘absolutely not’ brace for recession despite bank warnings: Commerce secretary https://t.co/KWEKyVp8ZK
— Meet the Press (@MeetThePress) March 9, 2025
The link shared by Meet the Press takes you to the video of his remarks.
Our Commerce Secretary is smoking crack.
When Stephen Moore says this on Fox News…
Moore: The steel and the aluminum tariffs did not work. It is true that… we created 3000–5000 steel and aluminum jobs. The problem was we lost 25000 jobs in other manufacturing in the United States that use steel and had to use more expensive steel pic.twitter.com/0BslJlq3FV
— Acyn (@Acyn) March 10, 2025
You know you’ve down fucked up…
I mean, it’s Stephen Moore…
Well, we are going to wrap there today, sorry, I was off my game, distracted by Twitter be on and off, trying to find bluesky posts to fill in…
Plus this…
We need a good recession to wring out the excess in government, business and personal. Everyone cuts back to the essentials, and then we build from a more productive base.
— Cyber Ambassador (@WmBrackbill) March 10, 2025
Yeah, that’s just what we need following Covid-19 and the reboot of our economy just 4 short years ago…
A “good” recession.
This is an open thread
PS.
This is currently where the stock market is; this is about an hour after I took my first screen grab from CNN:
