/2:00PM Water Cooler 6/21/2019

2:00PM Water Cooler 6/21/2019

By Lambert Strether of Corrente.

Patient readers, as Yves approaches escape velocity from New York, I will be taking on more posting duties for the next week or so, and so Water Cooler may appear at odd times; but today you get The Full Cleveland on time! –lambert UPDATE Well, almost on time. I had a household emergency, and didn’t quite have time to get the white golf cleats properly buffed. So give me a few minutes…


“But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51

“They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune

“2020 Democratic Presidential Nomination” [RealClearPolitics] (average of five polls). As of June 18: Biden down 31.9% (32%) and Sanders down 15.0% (15.2%). Warren steady 11.9% (11.9%), Buttigieg up 7.1% (7.%), others Brownian motion, though maybe not Harris, who just pulled even with Buttigieg. Of course, it’s absurd to track minute fluctuations at this point. Still, if one wished to construct a storyline for the whole chart to date, it might look something like this:


As usual with Biden, his first day was his best day, and after a quick rise, his balloon began to deflate. Interestingly, he immediately took votes from Sanders, whose decrease was in direct proportion to his increase. I would guess the voters who flipped would be those who go with the winner, regardless of who. I wondered what the effect of Sanders’ speech on socialism would be, and there was a drop, with the slack taken up by Warren (who seems to be taking votes from Sanders and Biden equally). That doesn’t bother me, with 500 days to go; it means the battle betweent the left and liberal is well and truly joined. Warren’s ascent on “plans” took three tries, but it looks like Sanders policy voters took a second look after the third try, and Warren picked up some of them.

As for Warren and her “plans”:

George W. Bush

I looked up “Warren plan” in Google trends, and it looks like there are three peaks of interest; in a perfect world I’d see which plans were released at points #1, #2, and #3 (the one that “took”). I also find it interesting that the interest (searches being a proxy for interest) in Warren’s plans is greatest in two key primary states; that speaks well of her staff. However, the rating in DC is “100,” the highest possible and the greatest on the chart, meaning that Warren is doing very well in the invisible primary. Of course, the Beltway hates Sanders anyhow, so the high rating is not unexpected.

Further speculation welcome!

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Biden (D)(1): “Biden called Booker to quell tensions. Things only got worse” [Politico (UserFriendly)]. “Biden, however, didn’t apologize for his remarks at a New York fundraiser recalling that ‘at least there was some civility’ when he worked with segregationists in the Senate and that one of those senators ‘never called me ‘boy,’ he always called me ‘son.”… ‘I find it remarkable that the surrogate talking points they were sending around, as they were trying to contain this, include no mention of the language the vice president used and instead tried to spin that the vice president is being criticized for working with people he disagreed with,’ a Booker aide said. ‘That’s nonsense and speaks volumes to what they know is true, which is, he should be apologizing for what he said.’” • GZF. Never change, Joe, never change! Anyhow, Biden worked with Obama, so what’s the issue?

Biden (D)(2): “Joe Biden is desperate to change the subject. The Iran imbroglio may let him pivot to foreign policy.” [WaPo]. Biden would much rather be trashing Trump on Iran than defending the leading role he played during the 1970s in partnering with segregationists to advance legislation that thwarted court-ordered busing of black children into majority-white schools as a means of integration. The barking dogs of war could thus represent a lucky break for Biden. For the first time since the start of the week, he won’t be the biggest story in the news today.” • I think Biden is losing the invisible primary; “desperate” is a word it’s never good to be tagged with.

Trump (R)(1): “Evangelicals go all in for Trump reelection” [The Hill]. “The Faith and Freedom Coalition will spend tens of millions of dollars on a voter mobilization effort that aims to register 1 million Christians in key battleground states and reach 30 million people nationwide. The group, which is led by conservative activist Ralph Reed, will pump literature into more than 100,000 churches across 18 states… [The Susan B. Anthony (SBA) List] will pay more than 1,000 canvassers in eight battleground states with the aim of knocking on 4 million doors… At his 2020 campaign launch this week, Trump made it clear that he intends to paint his rivals as extremists on the issue, saying that ‘virtually* every top Democrat’ supports ‘ripping babies straight from the mother’s womb.’” • So, as I said yesterday, Trump is working to expand his base. (That such politics are even possible reflects an enormous strategic failure by the liberal Democrats version of feminism. It’s a debacle. And as is natural with liberal Democrats, there is no self-reflection on the matter at all, other than appeals for more funding.) NOTE * “Virtual” is a nice way to sow division….

Realignment and Legitimacy

“Why are reparations for slavery being made an issue in the 2020 US elections?” [WSWS]. “The demand for monetary reparations has the unpleasant odor of a financial scam. Figures like Coates and Booker do not speak for the working class, but for a layer of the upper middle class who are seeking to affect a more equitable distribution of wealth at the top of society. If a racial reparations program ever did get passed through Congress, one can be certain that it would only benefit upper middle class African Americans and leave workers scrounging for crumbs from the table. It has, moreover, the clear character of a political scam. Under conditions of growing class struggle internationally, its purpose is to divide workers against each other and preserve the social and economic system, capitalism, that is at the root of all the ills, including racism, confronting the working class as a whole.” • If enacted, reparations would certainly signal a power shift between the old Black Misleadership Class and a new class of aspirational “voices” (see Adolph Reed, “The Trouble with Uplift“) from academia and the media; one will not have delivered the goods; the second will have.

“The most important pledge Democratic presidential candidates can make” [The Hill]. “[H]ere’s the most important pledge each and every candidate should make: To rebuild the Democratic Party from the state house up. Here’s why: The party that controls state legislatures after Election Day in 2020 will redraw congressional districts for the next decade. As President George W. Bush’s senior political advisor Karl Rove wrote, “He who controls redistricting controls Congress.” If Democrats fail to turn key state legislatures blue, the next Democratic president will be stuck with a conservative, gerrymandered Congress for another decade. That means no health care reform, no tax reform, and no gun reform for the next ten years.” • This is, of course, an implicit criticism of Obama, who lost the House in 2010 with his feckless approach to the Crash, and then left the Democrat Party with no bench after eight years in power.

Stats Watch

Existing Home Sales, May 2019: “Less strong than the headline might suggest but still very favorable” [Econoday]. “May’s gain is still a relief… New home sales have been doing better than resales but both are climbing.”

Purchasing Managers’ Index Composite (Flash), June 2019: “Barely crawling forward is the report from June’s PMI samples” [Econoday]. “In contrast to most global PMIs, there is no sharp split between weakness in manufacturing and strength in services as both in the US are nearly as flat…. This report had been stalling going into today’s results but has since been joined by sudden breakdowns in this week’s Empire State and Philadelphia Fed reports both of which are for manufacturing. For the Federal Reserve, who warned on Wednesday it’s specifically concerned about manufacturing, today’s report is one more weight on the rate-cut scale.”

Concentration: “The Wave of Terror in American Commerce (Big issue 6-21-2019)” [Matt Stoller, Big]. “Anyone who has worked in policy around antitrust will have experience with the little guy expressing terror at something his or her dominant supplier or buyer might do, along with the frustration at not being able to say anything in public for fear of retaliation. This is the core argument against monopolization, which is that it prevents citizens from exercising their right to participate in the public square…. Fear is pervasive across the economy at this point, and most of the people who will speak up are those who have left their companies.” • Stoller then goes on to discuss Obama’s betrayal of Iowa chicken farmers, who might as well have been indentured to Big Ag. But surely Stoller does not mean to imply that going into business is the only way to participate in the public square?

The Bezzle: “Tesla Model 3 Spoofed off the highway – Regulus Navigation System Hack Causes Car to Turn On Its Own” [Regulus]. “Tesla model 3 was successfully spoofed in several attack scenarios. The navigate on autopilot feature is highly dependent on GNSS reliability and spoofing resulted in multiple high-risk scenarios for the driver and car passengers. Tesla Model 3 spoofing during navigating on autopilot led to extreme deceleration and acceleration, rapid lane changing suggestions, unnecessary signaling, multiple attempts to exit the highway at incorrect locations and extreme driving instability. This test proves beyond doubt the crucial dependence on GNSS for any level 2+ autonomous navigation and the high threat spoofing poses to drivers and passengers utilizing these features.” • Yikes. Let’s call in the MCAS programmers, and see if we can fix this.

The Biosphere

“Climate Leadership And Community Protection Act Sets Ambitious Goals” [WAMC (MT)]. “The Climate Leadership and Community Protection Act sets the goal of reducing all greenhouse gas emissions from all sources, including cars, by 85% by 2050. 100% of the state’s electric power sources must be carbon-free by 2040. And 35% of the state’s energy funds, used to install clean energy sources, will be reserved for disadvantaged communities that have been adversely impacted by pollution. ‘I want New York to have the most aggressive climate change program in the United States of America, period,’ Cuomo said on June 18th. The remarks are a change from several days ago, when Cuomo said he thought the legislature’s bill was a “political placebo” and that its goals were unrealistic.” • It’s Cuomo, so of course there’s a catch (though to give credit, Cuomo came down on the right side with fracking).


“The hunt for PFAS turns to Michigan farms using human waste as fertilizer” [MLive]. “The hunt for PFAS in Michigan is turning to farm fields, where concerns are growing about possible contamination in treated human waste used as fertilizer. This month, scientists are analyzing test results from more than a dozen state agricultural sites that received the fertilizer — known as “biosolids” — from wastewater treatment plants that were flagged in 2018 for high concentrations of the chemicals flowing into their systems from industrial sources or landfills.” • Word of the day: Biosolids.

The 420

“The Environmental Downside of Cannabis Cultivation” [JSTOR]. “New research has linked production of the once-verboten plant to a host of issues ranging from water theft and degradation of public lands to wildlife deaths and potential ozone effects.” • A lot of this stems from illegality, which makes regulation impossible. One thing the article does not discussion is corporate marijuana plantations, sadly.

“Push to legalize recreational pot fails in New York” [ABC]. “Despite broad support for legalization and polls showing its statewide popularity, lawmakers couldn’t agree on the many details of legalization, such as how tax revenue should be spent, whether past pot convictions should be expunged, and whether local communities could opt out of hosting dispensaries or instead would have to opt in. For supporters who had hoped the nation’s fourth-most populous state would soon join the growing list of states where recreational pot is legal, the failure of the bill was a significant disappointment.” • Of course “past pot convictions should be expunged.” Even Cory Booker understands this.

Health Care

Elizabeth Bruenig owns a troll:

The usual caution:

“An examination of surprise medical bills and proposals to protect consumers from them” [Peterson-Kaiser Health System Tracker]. ” For people in large employer plans, 18% of all emergency visits and 16% of in-network hospital stays had at least one out-of-network charge associated with the care in 2017. We also examine state and federal policies aimed at addressing the incidence of surprise billing. Our analysis finds a high degree of variation by state in the incidence of potential surprise billing for people with large employer coverage, who are generally not protected by state surprise billing laws if their plan is self-insured. For people with large employer coverage, emergency visits and in-network inpatient stays are both more likely to result in at least one out-of-network charge in Texas, New York, Florida, New Jersey, and Kansas, and less likely in Minnesota, South Dakota, Nebraska, Maine, and Mississippi.” • So, as usual, some people go to Happyville, some people go to Pain City, and it’s all random.

“Colorado’s Ski Towns Could Fix the High Cost of American Health Care” [Bloomberg]. “[R]eining in spiraling costs across the U.S… has proven elusive in Washington…. The discussions that followed led to an initiative set to reduce premiums by as much as 20% next year in Summit County, according to the Peak Health Alliance. That’s the name of a newly formed group of employers who have banded together to negotiate directly with the local hospital and insurance companies. Peak Health will represent about a fifth of Summit County’s 31,000 year-round residents. It will include workers from large government and private employers, small businesses, and individuals, creating the bargaining power to drive down health-care prices.” • So why not think it through, and have the biggest dog of all, the Federal government, handle the bargaining power with single payer?

Guillotine Watch

I debated whether I should file this under “Health Care,” or here:

But here, definitely. Because what does a “VIP” have to do, to earn a “Loyalty Experience”? Probably nothing good…

News of the Wired

“Resetting these smart lightbulbs is so dumb it’s funny” [Mashable]. • The Internet of Sh*t continues its wave of conquest….

“GDPR latest: People’s homes stop working as new data rules devolve into chaos” [The Independent (Richard Smith)]. I asked Richard Smith if the Internet of Sh*t was as sh*tty in China, and he sent me the link. “One Chinese smart device manufacturer, Yeelight, sent a message to users that its light bulbs no longer functioned properly as a result of GDPR compliance. ‘According to GDPR, we will not be able to continue to provide this service to you,’ the message stated. Individual light bulbs were still functional if they were switched on one at a time, but no other features.” • Switching on light bulbs one at a time! Oh, the humanity!

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Readers, feel free to contact me at lambert [UNDERSCORE] strether [DOT] corrente [AT] yahoo [DOT] com, with (a) links, and even better (b) sources I should curate regularly, (c) how to send me a check if you are allergic to PayPal, and (d) to find out how to send me images of plants. Vegetables are fine! Fungi are deemed to be honorary plants! If you want your handle to appear as a credit, please place it at the start of your mail in parentheses: (thus). Otherwise, I will anonymize by using your initials. See the previous Water Cooler (with plant) here. Today’s plant (DK):


DK writes: “This is the yucca blooming right outside my front door.” Yuccas “have a very specialized, mutualistic pollination system“! They also host various species of skipper butterflies.

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