This Week on the Interwebs

The Controlled Burn
A lot happened this week, but I keep coming back to the Joker line in The Dark Knight, sometimes people just want to “watch the world burn.” Not much unites the country these days, but one thing nearly everyone under the age of 45 can agree on, the status quo has not been working for some time.

Beginning a new regular-to-semi-regular series on this website, an internet and news of the week round-up that will be graph-laden and told in a very ad-hoc manner. For the article and commentary news round-up, Pat Meacham has you covered.

Depending on your perspective, this week was either the beginning of Watergate Part II (dir. by Oliver Stone, I’m assuming….), or just another week of the “liberal conspiracy media” trying to ruin the Trump agenda. We’re not doing a very good job as a society of “piercing bubbles” so far, although I will continue nonetheless.

Approval 2 (Boomer Division)
We just crossed the 100 days marker not too long ago, here is where Trump stands, and keep in mind this was before the Comey firing. Most importantly, look at the general trend of the erosion of trust and support for Presidents (in line with eroding support for other American institutions) over the years. Post-Watergate I, partisanship was high but then confidence was briefly restored before returning with a vengeance as soon as the boomer generation assumed complete control of all elected branches of government (Fmr. President Clinton and onward).
Approval 1
Yes, President Trump is different than previous times of polarization and partisanship. He is the most polarizing President in the history of polling. This graph is from right after the inauguration. 
Russia GDP Growth Rate
I don’t pay much attention to the particulars of the Russia investigations. I have no doubt in my mind Putin and Russia wanted Trump elected. Why? 7 straight quarters of negative GDP growth. Russia under Putin has not thrived at all, just the opposite. And if our nation emulates their system we will suffer the same fate (minus differences in natural resources, etc.) and even more stagnant growth (more on this later).

….while we’re on the subject of the future of U.S. public policy…

And America
From the Willy Wonka Honest Trailer on YouTube–check it out if you have time. Hilarious and also this…
What Obesity Used to Look Like
More than 1/3 of U.S. adults are obese and 17.5% of children, couple this with the damning statistic of 20% of U.S. children being in poverty (obviously, through no fault of their own), compared to 4.8% for the Netherlands, there is a lot of room for improvement beyond meaningless and mostly symbolic statements like: “the children are our future.” The obesity crisis has gone under-reported in the U.S. media and has been but one of many reasons that there is no easy fix to the U.S. health care system.

Speaking of….

Fate of 18 Midterms on Older Boomers
If you think the impact of the AHCA passing will surely deliver both houses of Congress to the Democratic Party, think again. You’re counting on a demographic who has voted reliably Republican or Democrat for some time. 
Truth
Ain’t this the truth….
The Pre-existing condition
Please tell me again how the “children are our future?” And why did Hillary Clinton not run on ending child poverty? “It’s Time” to do X, Y, and Z would have been a far better appeal than “I’m With Her” or “Stronger Together”, but I digress. All of this assumes the elites of the Democratic Party knew what they were doing.
Math Is Hard For Fox News
Fox News has had cosmic justice enforced on them in abundance lately. Scandal after scandal, but they can still trot out their old reliable trademark of using accurate statistics to incredibly mislead people. Jeez… if only former President Obama had pressed the job creation button on January 21st…

While we’re on the subject of President Obama, the following undermine GOP arguments that he spent too much during his administration.

So it looks like it wasn’t wild spending, but rather something else that has caused the new normal of sluggish growth. It certainly isn’t sluggish for the wealthy and big corporations….ah, the “job creator” class, what an utter myth.

Consumers create jobs for the most part and workers create value. And until even the so-called “capitalists” of this country understand that, we’re going to suffer from stagnant growth because…. the masses are nearly out of money because…. see below.

Distribution of Income During Expansion
The story since the late 70’s has been unequal growth, wages not rising with productivity and inflation, and its starting to catch up with us no matter who is in charge. Why? Because Tom Frank is right–there is no “party of the people” right now and hasn’t been for some time (circa late 70’s, notice a trend here?)

This has led to a distribution that looks like this….

wealth in america
Clearly, something will have to give here.

There are some that will keep banging the drums for the “magic”, but most working people pounding pavement and trying to take care of their families know the truth–the link between effort and reward is gone and has been for some time.

Want to know what’s behind the actual American carnage and why none of 45’s and the far-right to Alt-Right cabal’s policies will work? Because there is a fundamental disconnect between the world that elites inhabit, and organized money protects, and the actual reality of what is going on and has been the trend in American life for some time.

And this is why the most relevant historical force in the 2016 Presidential election was not Donald Trump–but rather it was Bernie Sanders.

He has proven that small dollar donations can break the donor class monopoly of our political system, or at the very least has proven you can put up one hell of a fight and maybe next (demographically speaking) things will break your way. If it is not broken up, it’ll be hard for much of anything to be made “great”again, although I’d very much settle for “good” outcomes at this point.

Indeed, Mr. Norris was right. We are cursed to live (or fortunate to live?) in interesting times. Anyone who has been following developments between the Alt-Right and far-left clashing on college campuses lately, or developments like this can conclude that we are cursed to live in interesting times.

So I keep coming back to the Joker and “watching the world burn.”

There are those who have settled into the world as it is and those (overwhelmingly under 45) who are dreaming of the world as it should be. I think the common thread that binds a lot of millennials, most Gen-X’ers, and younger folks together will be our desire to “burn it down.”

The key difference will be what type of burn. At the outset I showed a “controlled burn” that farmers utilize to help the soil and rotate crops. I believe the controlled burn is far preferable to what the Alt-Right is and wants, which I will call the “moral hazard burn.”

The Moral Hazard Burn
That’s all for now, folks.

Take care of each out there. And stay tuned for Agreeing Loudly and the Margin of Error.

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