by Pops » Fri 08 Jan 2021, 10:30:45
I wanted to post to this thread when it first went up but I had no reply button, figured I was probably auto-banned from prediction threads, LOL
Have you ever seen a kid when they realize they've just done something bad? I get the feeling some republicans are feeling some vague sense of remorse and perhaps hoping for an excuse to get away from the poison they've been drinking and spoon feeding the gullible masses. I don't know for sure, and don't have much of a baseline since I never go there, but looking at Fox News site just now it reads like VOX or huffpost as the hypocrites scramble to distance themselves from the outrages they have been lining their pockets with for years. Probably a fleeting moment but I'll predict that some Rinos like Romney gain in power and the most outrageous like Hawley and Gommert (violence in the streets!) are sidelined.
One reason they were able to lie indiscriminately is that the labor force was in crisis even before the plague. Participation rate is down 6% from 2000, down 4% from the recession, half from men going on disability. That's where yer 4% record low unemployment comes from, the rate only counts those still dreaming of a job. My crystal ball gets a little hazy here, Rs blame Mexicans and Chinese and Democrats for the lack of jobs and we've had 4 years of seeing how much damage that does. Ds blame corporate greed for a lack of jobs that someone can make a living doing and they've had some success raising the minimum wage. I'll predict the Ds get the federal minimum wage raised to at least $12 if not $15, and the Rs continue to implement the "southern strategy" because after all, it's all they got.
trump will attempt to pardon himself and everyone he ever knew, loved, touched stood next to, smelt, felt, in his lifetime or any of his descendants lifetime down to the 133 person. (*David Bromberg)
He'll leave the country before the inauguration to avoid prosecution. Maybe go see Vlad for his payday and discuss some military secrets in return for a hotel sign.
On the D side Biden is having a tough transition, few or no cabinet confirmations so far and none likely before inauguration, trump only sent out notices yesterday that his appointees are to resign on the 20th, what appointees he has. trump has been successful at gutting the government if nothing else, that and cutting his own taxes, so there is going to be a long transition period until, for example, the EPA again works to protect the environment rather than auction off the right to exploit it.
Biden will have a signing party to reverse as many of trumps orders as possible, those that weren't just BS or weren't already killed by judges anyway. He'll rejoin the Paris accord, WHO, WTO, Great Reset. He'll do some national health stuff, recommend masks or something, attempt to organize the vaccine delivery, maybe give drug companies money.
Legislatively the parties are pretty equally divided and internally divided too so not much will happen, maybe public works — home weather stripping like O did. More stimulus tho, Ds can ram that through. They know that some serious recession is out there waiting on the helicopters to leave.
Social media will be regulated. MSM will stare at their collective navels.
It will take a long time to reach herd immunity, couple of years anyway. A minimum of 1 million people will die in the US. More if the new variant is much more contagious. It will be known as the trump plague. Maybe in a year when more study is complete and the variant is killing 10k/day more people will embrace the vaccine. I know a few health pros, some are not taking it because they don't trust the safety, don't trust trump.
Huge real estate washout coming. Ds will try to avoid it like the ...
FHA loan delinquencies are at record highs and only national forbearance and refinancing with free money and FHA buying up loans like it can print money...
...has kept the market afloat. But now everyone that can refi has, forbearance can't last forever, and the market has overheated on free money once again.
Oil demand and price will remain low thru the plague. Independants and small LTO operators will go BK and be bought up by majors. Uncontrolled growth in unconventional production will never return. Majors and OPEC will delay development because Iran will be allowed to export and the price will crash some more. No development now means no new oil in 5ish years. Natural gas demand will wane with increasing RE, and that means lower gas liquids. All the while depletion never sleeps. C+C will begin to decline this decade, about the time the economy wants to grow.
Night is still be dark and winter still cold and it is still a long way from here to there.
Peak demand is a mirage.
And peak oil is past
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The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)