More bad financial news

The partisan political drama in America yesterday was about Biden’s 20 “perfect” phone calls with Hunter’s business partners and then later more Trump indictment drama. Here’s the bigger headline from yesterday:

Fitch downgrades US’ long-term ratings from ‘AAA’ to ‘AA+’

Today the fallout from that downgrade is already impacting: Stocks sink after historic US credit rating downgrade. Here’s a quote from this CNN article:

““In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” Fitch said in its explanation.”

https://www.cnn.com/business/live-news/stock-market-news-today-credit-downgrade/index.html

It’s very easy to get caught up in the political media drama-of-the-day or the partisan echo-chambers being hyped and completely miss the important news. This blog post will jump around a bit, from partisan politics to the larger global politics.

For the next year Americans will be bombarded with partisan presidential election garbage, so I’m going to try to look beyond those loud distractions and seek out news that’s getting drowned out.

Democrats will be selling “Bidenomics” and telling us how spectacularly the economy is doing, while Republicans will be in-fighting for the foreseeable future. The Iowa caucus, the first in the formal nomination process despite the hype about who is winning based on polling, isn’t until January 2024.

In the GOP roster of candidates, so far, it appears to me that Trump and DeSantis are the only two candidates who are likely to be the GOP 2024 candidate and Trump definitely has a huge advantage.

To get a sense of how immersed the GOP is in in-fighting, many Republican candidates and pundits quickly jumped on board the latest Dem “You Racist!” spin smear attack against FL governor, Ron DeSantis, over the new FL K-12 history standards – especially Trump’s campaign attack dogs. After all the unfair Dem spin smears against Trump, Trump’s campaign mouthpieces embrace and then amplify every vicious Dem smear against DeSantis.

I still believe DeSantis is the only candidate who has demonstrated an ability to dismantle radical Dem laws and efforts by getting laws passed in FL. Unfortunately, Trump never united the GOP while president and his defenders will insist it’s because of the “Uniparty in DC” or “RINOs in Congress,: but the truth is if you are the leader of a party, you are responsible for building a cohesive and unified team. Trump’s way of operating has always been to play people against each other, even in his own cabinet, which is poison to building a team that works together. Trump did take some actions as president, in the form of executive orders, to dismantle Dem policies, but those lasted only as long as Trump was president. The Biden administration reversed those Trump executive orders on day one.

DeSantis has many flaws as a candidate too – he’s too invested in imitating Trump’s spin drama tactic of harping about whatever the latest “woke” spin drama is, but what he’s missed is that the segment of the GOP that eats up that spin drama is Trump’s most loyal group of supporters – who aren’t going to switch to DeSantis. DeSantis’ potential base is former Trump supporters, who lost faith in Trump’s abilities and more moderate Republicans and independents. DeSantis also empowered too many online campaign mouthpieces, who created unnecessary controversies of their own and did nothing to build support for DeSantis. The responsibility for that falls on DeSantis, so as his campaign is undergoing a restart or whatever they’re calling it, it’s going to be difficult to make up lost ground and almost impossible to regain lost trust or voters his campaign has alienated. Trump is immune from that sort of accountability, because his supporters don’t hold him to any standards whatsoever and will excuse him for just about anything (and usually blame someone else for Trump’s bad behavior).

Anything could happen between now and November of 2024, but one thing I am sure of is Dems, the left’s vast activist apparatus, liberal media and liberal big tech, and even global entities committed to the green transformation will be working overtime to make sure a Democrat remains in the White House in 2024. The global green transformation depends on having an American president who is fully-committed to the UN Agenda 2030 radical world transformation.

Here’s a reminder from May 2023 on where things are going with the green push: John Kerry targets agriculture as part of climate crusade. Along with targeting home appliances as a threat, agriculture in America, which has helped feed the world for decades, is now on the environmentalist chopping block:

“Kerry lamented that agriculture production alone creates 33% of the world’s total greenhouse gas emissions, arguing that reducing those emissions must be “front and center” in the quest to defeat global warming, during remarks Wednesday morning at the Department of Agriculture’s AIM for Climate Summit. The former secretary of state also touted so-called climate smart agriculture as a potential solution.

“A lot of people have no clue that agriculture contributes about 33% of all the emissions of the world,” he said during his keynote address. “We can’t get to net-zero, we don’t get this job done unless agriculture is front and center as part of the solution. So all of us understand here the depths of this mission.””

https://www.foxnews.com/politics/john-kerry-targets-agriculture-part-climate-crusade

Leftist utopian plans often include terms they make up, like “net-zero,” with the word “zero” in them, as if getting to “zero” holds some sort of magical power. Back in the 1960s, there was the Zero Population Growth movement and other “zero” movements followed. During the Obama years, the left came up with a “Global Zero” movement, with the goal of eliminating nuclear weapons by 2030 (so it was part of that UN Agenda 2030 Sustainable Development Goals). “Sustainable” is another of those murky terms the global environmentalists harp about, but how they define that term is fraught with politics, more than something scientifically measurable – “Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

I remember this Global Zero movement, because I wrote a blog post, Global Zero: Another Nothing-Burger Plan, about it in 2013. Yep, I’ve been tired of hearing about “zero” movements a long, long time. I wrote, “Here’s a thought, perhaps, the greatest threat just might be weakness, which this loopy movement would increase dramatically.  My best advice for people – if some morons come up with a plan that has ZERO in the title, consider it null (nothing but hot air).”

I still feel the same way about “ZERO” movements. Even back in 2013, when this Global Zero movement started, Dems were hard at work laying the groundwork for the UN Agenda 2030, which was signed onto by 193 countries, including the US, in 2015. Unfortunately, it seems many right-wing Americans seem to have only awakened to this UN global effort in the past few years. Dems have embedded these global 2030 “sustainable goals” in US Congressional spending bills and other legislation for years now, while most of the right in America is just now figuring out the scope of the global transformation ready to steamroll over us.