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119th congress: must be at least 75 to chair a committee!

Handyman said:
Is this about the Chinese Cars? I can at least understand that even if it is worthless. The sad thing is the Chinese Electric Cars are better than ours from what I hear...
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Chinese battery tech is better, If by ours you mean Ford Chrysler GM then probably better but not something I see changing anyone's mind about going electric here
 
Now Muskrat says DOGE will only save $150 billion.

Meanwhile, estimates are DOGE cuts at the IRS will lower tax revenue collected by $500 billion.

Winning yet?
 
dxmnkd316 said:
Now slotkin is letting her ass hang out. Man, bad week for Michigan politicians.
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tenor.gif
 
rufus said:
Now Muskrat says DOGE will only save $150 billion.

Meanwhile, estimates are DOGE cuts at the IRS will lower tax revenue collected by $500 billion.

Winning yet?
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I wonder (no not really of course they didn't) if they subtracted from the savings the costs to operate DOGE, cost for fired workers that were later rehired, lost productivity due to shortages in staffing...
 
15 Dems just approved Trump's choice to head the Joint Chiefs...they just can't help themselves. (Yes Slotkin was one as was Fetterman, Durbin...etc)

The Dems are not the party we need...
 
Handyman said:
Speaking of mortgages:

Catherine Rampell (@crampell.bsky.social)

Mortgage rates surge over 7% as tariffs hit bond market https://www.cnbc.com/2025/04/11/mortgage-rates-surge-tariffs-bond-market.html
bsky.app bsky.app
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There are so many Boomers banking a large part of their retirement on houses they likely won't be able to sell at the price they need for long-term survival.
:rolleyes:

But hey, a majority of them voted for this!
 
This isn't an ELI5, but it boils down to the balancing act between investment safety and risk. More demand for bonds (when the market is bearish) equals higher prices and lower yields. Mortgage rates are kinda-sorta tied to the 10-year Treasury note rate. So when those yields go down, mortgage rates tend to as well.

However, when the bond market is also turbulent, lenders will protect themselves from the uncertainty by keeping mortgage rates up and/or raising them higher. With the apparent flight of foreign capital from American investments, domestic investors are seeing lots of very negative signs. Therefore risk is skyrocketing and they're seeing that they may not have safe, reliable Treasury bonds to flee to like they usually do. Thus, increasing mortgage rates.

ELI5: By their actions which destabilize and devalue the USD, the Trump regime is making it more expensive for all of us to borrow.
 
FadeToBlack&Gold said:
This isn't an ELI5, but it boils down to the balancing act between investment safety and risk. More demand for bonds (when the market is bearish) equals higher prices and lower yields. Mortgage rates are kinda-sorta tied to the 10-year Treasury note rate. So when those yields go down, mortgage rates tend to as well.

However, when the bond market is also turbulent, lenders will protect themselves from the uncertainty by keeping mortgage rates up and/or raising them higher. With the apparent flight of foreign capital from American investments, domestic investors are seeing lots of very negative signs. Therefore risk is skyrocketing and they're seeing that they may not have safe, reliable Treasury bonds to flee to like they usually do. Thus, increasing mortgage rates.

ELI5: By their actions which destabilize and devalue the USD, the Trump regime is making it more expensive for all of us to borrow.
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I believe it’s tied to the 10-year because the average mortgage lasts about seven years historically speaking.
 
Fade says risk, he is implying spreads. There is always a spread between treasury bonds (risk free), then other types of fixed income instruments at the same time periods. With everyone going batshit crazy on potential recession or general uncertainty, the spreads will increase.
So even if rates fall, if corespondent economic uncertainty increases, mortgage rates won’t follow 🫣
 
Kepler said:
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A sudden blow: the great wings beating still
Above the staggering girl, her thighs caressed
By the dark webs, her nape caught in his bill,
He holds her helpless breast upon his breast.

How can those terrified vague fingers push
The feathered glory from her loosening thighs?
And how can body, laid in that white rush,
But feel the strange heart beating where it lies?

A shudder in the loins engenders there
The broken wall, the burning roof and tower
And Agamemnon dead.
Being so caught up,
So mastered by the brute blood of the air,
Did she put on his knowledge with his power
Before the indifferent beak could let her drop?

Shit, Kep, it just occurred to me you are saying that Leda is laying "down." Damn. We are not worthy.
 
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Honestly, I should've figured out Slotkin a long time ago. IIRC, she lives on a farm in Holly/Fenton, which are basically lily white exurbs of Flint. My retarded second cousins live out there, where they run a fly-by-night pool business and a puppy mill. We don't speak much.
 
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