Has The Ukrainian Counteroffensive Already Begun?

Posted on April 20, 2023 by Lawrence Person

That’s the assertion of Reporting from Ukraine, who says that the counterattack is happening in Zaporizhzhia:

Reporting from Ukraine is pretty rah-rah for Ukraine, always putting a positive spin on things (“Ukrainian troops successfully withdrew from northern Bakhmut”), but he’s good on reporting the nitty gritty details of tactical movement and seems to have direct sources in the Ukrainian military.

Takeaways:

  • He’s seeing Ukrainian forces advance all across the Zaporizhzhia front.
  • “The freshest reports suggest that Ukrainians breached the Russian defense in the trenches in front of Novodanylivka and got closer to Nesterianka and Kopani from the east.”
  • “Ukrainian presence was also noted in the southern part of Kamianske, which means that Russians highly likely abandoned Piatykhatky as well.”
  • “Ukrainian Head of Melitopol reported that Russians announced an urgent evacuation from all settlements between Vasylivka and Tokmak, in fear that this may very soon become the most active battleground.”
  • “In order to prevent the accumulation of a critical amount of heavy equipment in the region, Russian forces started to actively use guided air bombs. These bombs weigh from 500 to 1500 kilograms and have a range of up to 40 kilometers, which poses a significant threat to Ukrainian plans. The craters from the explosions are enormous and can reach up to 50 meters in diameter.” I’m guessing these might be KAB-1500Ls.
  • “Ukrainians are trying to reciprocate the damage and are also identifying and destroying Russian warehouses with ammunition and equipment.”
  • “It looks like the same action is going to take place very soon in the Orikhiv direction because Russian reconnaissance recently reported that Ukrainians are actively demining significant clusters of land. Another indicator of the imminent Ukrainian offensive actions here is the fact that certain elements of the 71st Jager Brigade and 46th Assault Brigade recently arrived at Orikhiv, according Russian sources.”
  • “[The] Ukrainian 72nd Mechanized Brigade conducted a series of assaults in the vicinity of Vuhledar.”
  • “The intensification of fighting along the whole southern line has been noted by many analysts, but today, the Ukrainian Deputy Minister of Defense finally confirmed that the counteroffensive operation has started.”
  • Well, sort of: “She stated that it is incorrect to wait for a specific date because counteroffensive is a long process and it is only the culmination that happens quickly, but no one can predict when the culmination will happen, as it depends on the conditions on the ground.”
  • “Right now, Ukrainians are testing Russian defenses, letting the newly formed assault units gain combat experience and, for the most part, follow the path of lowest resistance – meaning they push where they can, leaving the strongest positions for later. Russian analysts are predicting that Ukrainians will make at least two huge attacks during the last week of April to test new tactics and then launch a full-scale counteroffensive during the first half of May.” Sounds like probing attacks for now, but I can see Ukraine moving quickly to exploit any gaps or pushing hard if there’s a sudden Russian line collapse.

    • Institute for the Study of War also has a similar confirmation-that’s-not-quite-a-confirmation: “Ukrainian Deputy Defense Minister Hanna Malyar reported on April 19 that Ukrainian forces are already conducting some counteroffensive actions. Malyar stated that Ukrainian forces will never preemptively announce when the counteroffensive starts and reiterated that Ukrainian forces aim to liberate all Ukrainian territory.”

    Deep State shows some small recent-ish Ukrainian gains there:

    Plus there’s this:

    So it’s hard to say for sure that this push is the much-anticipated Big Spring Counteroffensive. It could be a probing raid, or it could be a faint, with the main blow scheduled to fall elsewhere. Certainly Zaporizhzhia is the front section that has the most promise to split Russian forces in half and cut Russian forces in Kherson and Crimea off from resupply. Russia has to know this, and has been extending defense trenches throughout the area, but continues to throw troops into the Bakhmut meat-grinder rather than (as far as observers can tell) seriously reinforcing the area. Maybe Russia has reinforced it more than we know, but maybe not. It would be very far from the first time Russia made a stupid, obvious mistake in this war.

    Maybe it’s more accurate to say that a counteroffensive is underway.

    Posted in Military, video | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments

    “Roads Create Traffic” Debunked

    Posted on April 19, 2023 by Lawrence Person

    You know that “creating more public roads just creates more traffic” talking point trotted out by people who want to ban your car?

    Yeah, not so much.

    The first two thirds of the video covers other topics, like how economies of scale don’t necessarily drive down prices uniformly, and as you scale, you incur new costs that might make a product less profitable. (One example is China’s overbuilt high speed rail network.)

    The last portion deals with the “roads create traffic” myth, directly delving into the study the anti-road types cite:

  • “What [building new highways[ doesn’t do is create entirely new demand.”
  • “New roadways, especially interstates, tend to be more direct, and can take a larger volume of traffic than alternative routes through urban areas.”
  • “The study itself has also been widely criticized for making assumptions that other economists were not able to replicate in follow-up studies.”
  • “Its methodology was also questionable. It measured interstate kilometers traveled. Building out more interstates might make people use those roads more, but that doesn’t mean that there are more cars overall, because a lot of that traffic would have been taken away from non-interstate roads, which were not measured in the study.”
  • “More roads won’t create more congestion unless they are designed very poorly, and reducing the supply of roads won’t ease congestion, either.”
  • The original study authors didn’t even suggest reducing roads; they were in favor of congestion charges.
    • Posted in Crime, ObamaCare, Regulation, unions, video | Tagged , , | 5 Comments

    Ninth Circuit To Berkley: No, You Can’t Ban Natural Gas. Not Yours.

    Posted on April 18, 2023 by Lawrence Person

    Another lunatic leftwing California ecowarrior directive bites the dust.

    A federal appeals court on Monday overturned a California city’s first-in-the-nation ban on natural gas hookups in new buildings, saying it violates federal law.

    The three-judge panel from the Ninth Circuit Court of Appeal sided with a coalition of California restaurants, who argued that the City of Berkeley’s ordinance essentially bans gas appliances in violation of a 1975 directive that gives Congress control over restrictions on appliances. The unanimous ruling is a major blow to California Democrats’ green energy push, and could clear the way for legal challenges to similar bans around the country.

    Democrats have increasingly moved to ban gas stoves while attempting to downplay their efforts. New York is poised to become the first state to ban gas stoves, and California is working towards a statewide ban of its own. The White House has denied that President Joe Biden supports banning gas stoves while the Energy Department works to restrict their sale. Blue state attorneys general and environmental groups lined up to support the ban in court, in a sign of the case’s national implications.

    The California Restaurant Association claimed Berkeley’s ban violated the 1975 Energy Policy and Conservation Act , which gives the federal government final say over restrictions on energy appliances.

    Judge Patrick Bumatay wrote that even though Berkeley lawmakers didn’t specifically ban the use of natural gas appliances, they reached the same result “circuitously” by changing their building code to ban gas piping—a policy that renders “the gas appliances useless,” he said.

    This preemption would apply to state policies as well, he added.

    “States and localities can’t skirt [federal preemption] by doing indirectly what Congress says they can’t do directly,” he wrote.

    There’s simply no end to the things ordinary people enjoy that radical environmentalists are willing to ban. Fortunately, there’s still some semblance of the rule of law to at least temporarily keep them in check…

    Posted in Democrats, Regulation, Social Justice Warriors | Tagged , , , , , , | 4 Comments

    Russian Armored Recovery Vehicle Gets Stuck Recovering Stuck Armored Vehicle

    Posted on April 17, 2023 by Lawrence Person

    File this under “lazy blogging of mildly amusing content” put up while I’m finishing up my taxes.

    Posted in Military, video | Tagged , , , , , , , | 8 Comments

    Ex-LA Sheriff Alex Villanueva Discusses The Homeless Industrial Complex

    Posted on April 16, 2023 by Lawrence Person

    Here’s a video where Ex-LA Sheriff Alex Villanueva discusses how the Homeless Industrial Complex racket works there.

  • Five people a day die on the streets of LA in the gutter like a dog. Five a day. Like, five on drugs from overdosing overdosing on drugs, from illnesses that are treatable. But if you’re not being treated, like, for example, you’re insulin dependent type one [diabetes]. Without insulin you die. That’s what happens, because these are people are not in a state of mind to actually accept and seek medical care for a problem, so it goes untreated they die, or they overdose and they die, or they do both and they die. I think in 2020-2021, they registered, I think, over 1,800 deaths of that type on the street, which is mind-boggling, but it’s consistent.

  • “If you don’t pay attention, people are going to die. So the people, the activists, they want to get in the way. ‘Don’t touch them, you’re criminalizing poverty!’ or this or that. Yet they have no answer. And their solution is just to let people die on the street. That’s not a solution.”
  • “The [homeless] count is getting bigger, not smaller.”
  • “There’s a perception in the entire nation that, if you’re homeless and you like to use drugs, go to LA. Until that train stops, it doesn’t matter what you do locally in LA. You can’t defeat 49 other states sending all their homeless their derelicts their drug addicts to LA.” I don’t know, a lot still seem to be going to San Francisco. And we need to do more to spread the word to Austin’s drug addicted transients in hopes they move there.
  • When he started trying to clean things up, he got immediate pushback from the Los Angeles County Board of Supervisors. They had “no desire whatsoever” to work with him.
  • “They’re not doing anything about it because the homeless industrial complex is alive and well. Look at the career arc of Holly Mitchell, supervisor. Karen Bass, mayor. Community organizers. Now they’re running non-profits. Now they’re receiving contracts from the county, from the city. Now they’re in public office. Those two in particular prime example of it, and that’s the wave of the future.”
  • “You’ve got a whole community of people that are in the 501c3s, the non-profits, and uh Boards of Directors, CEOs. The amount of money is pouring into the nonprofits is just incredible. There’s no governance, there’s no oversigh, there’s no accountability on the results. They just keep shoveling money at them, and the problem keeps getting worse and worse.”
  • “This has become a system for people to to get in and get involved, and actually build a career and build a path to politics. The top 10 CEOs of non-profits eight hundred thousand dollar a year. They were making more than twice what I was making as sheriff, and the size of my operation dwarfed all of them probably combined. But that tells you the influence the money involved.”
  • “From 2011 to 2021, L.A. County spent 6.5 billion dollars on homeless initiatives. The homeless count went from 39,000 to over 80,000. it doubled in size.”
  • “It’s engulfing every corner of life in L.A County.”

    • Watch the whole thing.

    Posted in Budget, Crime, Democrats, Regulation, video, Waste and Fraud, Welfare State | Tagged , , , , , , , , , | 8 Comments

    A Look At The Carl-Gustaf

    Posted on April 15, 2023 by Lawrence Person

    In last week’s look at the RPG-7, commenter Kirk noted that he thought the Carl-Gustaf recoilless rifle (essentially a much-upgraded bazooka) was a superior weapon. So let’s take a look at that.

  • Manufactured by Saab.
  • The big advantage that Carl-Gustav offers is that it’s much cheaper per round than smart munitions like Javelin.
  • “In the case of Ukraine [they’re] using these things for against everything from guys behind cover to light armored vehicles, soft skin vehicles and, of course, main battle tanks.”
  • Used by more than 40 countries.
  • Carl-Gustav can’t fill the top attack role NLAW and Javelin use against tanks. “But it can cripple a main battle tank. And with some of these advanced warheads, it can affect a not just a mobility kill, but an outright Kill, at least from the rear.”
  • “And if you blow off a track, the thing isn’t moving and it can then be killed perhaps another way, or the crew will simply abandon it.”
  • There are 15 different types of shells, including smoke and illumination.
  • They’re also working on guided munitions.
  • They’re also working on a confined-space munition with reduced back-blast, which sounds really useful for urban warfare.

    • Other tidbits:

  • Models produced are M1 (starting 1946) through M4 (2014).
  • A wide variety of rounds, including antipersonnel and two-phase charge designed to defeat reactive armor.
  • Most of NATO uses it, including the U.S., UK, Germany, Poland and all three of the Baltic states.
  • Ukraine managed to take out a T-90 with it.

    • Whether it’s better than an RPG-7 probably comes down to training and use case. The RPG-7 looks to be a lot more portable, but I’m betting the average Carl-Gustav build quality is better.

    Posted in Military, video | Tagged , , , , , , , , , | 8 Comments

    LinkSwarm for April 14, 2023

    Posted on April 14, 2023 by Lawrence Person

    If you’re stressing over your taxes, you might be slightly relieved to know that they’re not due until April 18. Thus week: More Blue City violence and decline, lots of Social Justice Warrior backlash, Facebook shows snowflakes the door, and Budweiser commits brand suicide.
    

  • “Ex-ABC Senior Producer Who Rolling Stone Covered For Indicted On Child Porn Charges. Former ABC senior producer James Gordon Meek has been indicted on three counts of child pornography nearly one year after the FBI raided his Arlington, Virginia home.”
    

  • “A Silicon Valley Vs. Homeless Industrial-Complex Power-Struggle Emerges In San Francisco.”

    Something about the apparently random street murder of Silicon Valley tech executive Bob Lee seems to have overturned a crawly rock in San Francisco’s political scene, suggesting a brewing power struggle on the horizon.

    On the one hand, we have a very vocally angry Silicon Valley tech community speaking out about the out-of-control crime situation in the city, with the valued and talented Lee’s untimely death from some night creature who crawled out from some sewer or encampment and stabbed him to death, quite possibly in a drug-addled haze. That’s expected if you live in a place full of bums and criminals, but Lee didn’t live in a place full of bums and criminals. He had actually fled the city for Florida based on its engulfing crime and come back only for a brief business trip.

    On the other hand, we have a soggy, entrenched political establishment seeking to assure that there’s really no crime problem at all. This is evident enough in the “crime is down” coverage seen in the political establishment’s house organ, the San Francisco Chronicle, and in the surreal statements of the city hall power establishment, which is rooted in special interests, particularly the most powerful one, the homeless industrial complex. I wrote about that here. San Francisco currently spends about as much on homeless “services” as it does on police, and by some studies such as the one cited below, actually more.

    Not surprisingly, as per Thomas Sowell’s observation, you can have all the poverty you want to pay for, and San Francisco pays a lot.

    The Hoover Institution’s Lee Ohanian has noted:

    Spending $1.1 billion on homelessness is just the latest installment in San Francisco’s constant failure to sensibly and humanely deal with an issue that it chronically misdiagnoses and mismanages about as much as is humanly possible. Since fiscal year 2016–17, San Francisco has spent over $2.8 billion on homelessness, and the city’s politicians remain seemingly baffled, year after year, as the number of homeless in the city skyrocket, as opioid overdoses kill more than COVID-19, and as the city has become nearly the most dangerous in the country. https://www.hoover.org/research/why-san-francisco-nearly-most-crime-rid….

    Since 2016, the number of homeless in San Francisco has increased from 12,249 to 19,086, which comes out to about $57,000 in spending per homeless person per year. With a total population of about 860,000, roughly 2.2 percent of San Francisco residents are homeless, which is over 12 times the national average. There is little doubt that as San Francisco spends more, homelessness and its impact on the city worsens.

    Do the homeless get that $57,000 being spent on them? Of course not. The princelings of the NGO establishments got that money — for themselves. That’s what’s made them politically powerful, enough to call the shots at city hall.

    Democrats and Social Justice Warriors view homelessness as a huge profit center, and seek to increase the ranks of the homeless at every opportunity.

  • Speaking of Bob Lee’s murder, the former San Francisco fire commissioner was attacked with crowbar the day after Lee was stabbed to death.
  • Also, an arrest was made in the Lee case and it was a fellow tech guy who knew him. “A tech executive named Nima Momeni was arrested by San Francisco police Thursday morning in the April 4 killing of Cash App founder Bob Lee…Lee and Momeni were portrayed by police as being familiar with one another. In the wee hours of April 4, they were purportedly driving together through downtown San Francisco in a car registered to the suspect.” So not a random gibbering drug-addicted transient.
  • Speaking of San Francisco street crime, a Whole Food closes one year after opening due to violence and theft.
  • Speaking of store closings in blue cities, Walmart is closing half their Chicago stores.
  • Is it it riot and murder season in Baltimore already? Ha! Trick question! It’s always riot and murder season in Baltimore.

  • “Embattled Soros-Backed St. Louis Prosecutor Sanctioned By Judge Amid New Complaints.”

    A St. Louis judge sanctioned St. Louis Circuit Attorney Kim Gardner’s office last week for allegedly withholding evidence in a double-murder case, while allowing the suspect out on bond, amid rising criticism about left-wing prosecutors allowing crime to flourish in major U.S. cities.

    Alex Heflin, 23, was held without bond since January after he was initially charged with two counts of second-degree murder and armed criminal action, local media reported. But those charges were recently reduced to involuntary and voluntary manslaughter before he was released, while his April 17 trial has been postponed until June 12.

    Judge Theresa Counts Burke ruled in favor of Heflin’s lawyers after they filed a motion accusing a prosecutor under Gardner of violating discovery rules. They alleged that her office did not turn over evidence, including a 911 call recording and DNA evidence.

    “The court finds that there have been repeated delays by the state in obtaining discovery and providing it to the defense,” Burke wrote, according to local reports.

    “There has been a lack of diligence on the part of the state in following up and providing discovery to the defendant in a timely fashion. As a result of the state’s actions and lack of diligence, the court grants defendant’s second motion for sanctions.”

    Under Burke’s order, Heflin will have to remain on GPS monitoring. She also ordered the circuit attorney’s office to hand over their list of witnesses within 24 hours, provide DNA test results within 24 hours, or ask a crime lab for the DNA results.

  • Remember when Reagan was criticized for taking the deficit above $100 billion? Now it’s over a trillion. Every six months. (Hat tip: Stephen Green at Instapundit.)
  • 2024 update: Tim Scott getting in.
  • Mike Pompeo getting out.
  • Fort Worth ISD to make DEI die.
  • “Molotov balloons are a ball filled with sulfuric acid, but white strips are a type of paper treated with potassium chlorate and a sugar mix. When the balloon breaks, the acid reacts with the potassium chlorate and sugar, which causes ignition.”
  • Another girlboss indicted: “Penn grad Charlie Javice, founder of Frank, charged with fraud over $175M JPMorgan deal.” Seems the heart of the indictment is fake users.

    Prosecutors and the SEC allege that Javice orchestrated a scheme to deceive JPMorgan into believing that Frank had access to valuable data on 4.25 million students who used the company’s service when in reality the number was less than 300,000.

    Prosecutors said when JPMorgan (NYSE: JPM) sought to verify the number of Frank users and the amount of data collected about them, Javice fabricated a data set. She is alleged to have an unnamed co-conspirator who first asked Frank’s director of engineering to create an artificially generated data set. Prosecutors said the director of engineering declined the request after expressing concerns about its legality.

    Javice, according to prosecutors, then approached an outside data scientist and hired him to create the synthetic data set — which was then provided to an agreed-upon third-party vendor in an effort to confirm to JPMorgan that the data set had over 4.25 million rows.

    Based on that alleged fraudulent data, prosecutors said JPMorgan agreed to buy Frank for $175 million. As part of the deal, the nation’s largest bank hired Javice and other Frank employees. Prosecutors said Javice received over $21 million for selling her equity stake in Frank and, per the terms of the deal, was to be paid another $20 million as a retention bonus.

    Prosecutors said as the fabricated data set was being created, Javice and her co-conspirator sought to purchase real data for over 4.25 million college students to cover up their misrepresentations.

    Treading the fine line between “fake it until you make it” and “interstate wire fraud.”

  • Bud light tranny pander wrecks brand. “I’ve never seen such little sales [as] in this past few days.”
  • In fact, they’ve lost six billion dollars in market cap.
  • “People With Taste Buds Continue Decades-Long Boycott Of Bud Light.”
  • The history of Barrett firearms. (Hat tip: Dwight.)
  • Facebook to lay off 10,000 employees, including some of the people bragging that they had no work to do.
  • We’re having a party, a bankruptcy party. (Maybe.)
  • Tragic non-steak roasting befalls 18,000 cows.
  • Possible sequel to Cocaine Bear hits unexpected obstacle. Or vice-versa.
  • “BLM Leaders Call For Renewed Protests This Summer After Finding A Fantastic Beach House For Sale On Zillow.”
  • “Pentagon Leaker Kicking Himself For Not Just Leaving Classified Documents Strewn Around His Garage.”
  • “Disaster On Mandalorian Set As Lizzo Eats Baby Yoda.”
    • Posted in Budget, Democrats, Economics, Elections, Military, Social Justice Warriors, Texas | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

    Mitch McConnell Retiring?

    Posted on April 13, 2023 by Lawrence Person

    Just a rumor at this point, but there seams to be substantial talk that Mitch McConnell is retiring.

    Senate GOP leader Mitch McConnell has been out of the public eye for weeks, following a serious fall that hospitalized him. Now multiple sources confirm that Senators John Barrasso of Wyoming, John Cornyn of Texas and John Thune of South Dakota are actively reaching out to fellow Republican senators in efforts to prepare for an anticipated leadership vote — a vote that would occur upon announcement that McConnell would be retiring from his duties as leader, and presumably the Senate itself.

    One source says that Cornyn has been particularly active in his preparations, taking fellow senators with whom he has little in common to lunch in attempts to court them.

    Requests are being targeted at a plethora of conservative senators, including the sixteen who voted to delay the leadership election earlier this year, a proxy for opposition to McConnell’s leadership. Rick Scott, the Florida senator and former NRSC head who challenged McConnell, ultimately received ten protest votes. These members could prove key to determining the next Republican leader. Queries are also being made internally about the rules regarding replacement, and how the contest would be structured given the lack of an obvious heir apparent.

    McConnell fell at a dinner event for the Senate Leadership Fund on March 8 at the Waldorf Astoria, formerly the Trump Hotel, in Washington, DC. He suffered a concussion, and only after being treated at a hospital and at his home did murmurs begin that he might be unable to return to the Senate. These discussions increased in volume based on the inability of other senators to do their jobs — with California’s Dianne Feinstein missing votes due to a shingles diagnosis and John Fetterman of Pennsylvania’s hospitalization for depression.

    McConnell has guided the Republican Senate since 2007, and his role at the top of the party has been enormously significant.

    Indeed.

    This link comes from Ace of Spades, who is quite enthusiastic about McConnell being shown the door. “You need to spend some more time with your Chinese donors and corporate bagmen, Mitch.”

    I’m a bit more sanguine.

    The job of the Senate Majority/Minority leader is to be the hated asshole. (Lyndon Baines Johnson is widely regarded as the most effective Senate leader of the 20th century, and he was an absolute fucking tool.) Herding cats in the Senate requires the leader to be the heavy, and the balancing act means that partisans will always be disappointed in a leader’s actions. After all, disappointment is steeped into the Senate by design, as the cold saucer to cool the hot tea of the House.

    Cornyn is one of my senators, and I’m not enthused about him taking office. Scott would be better. Thune used to be solid but has turned squishy. I don’t know much about Barrasso, but his Heritage Action rating (a quick-and-dirty rating, but better than nothing) is 85%, which seems low for Wyoming.

    Whoever does replace McConnell as GOP leader in the Senate, it’s almost a certainty that we’ll be comparing him unfavorably to McConnell within a year.

    It’s the nature of the job.

    Posted in Social Justice Warriors | Tagged , , , , , , | 7 Comments

    The Steely Fist of Justice

    Posted on April 12, 2023 by Lawrence Person

    Next to the idea that a man can magically become a woman by declaring himself one, and the idea that criminal should be set free because they’re actually victims of whiteness/capitalism/etc., “reparations” are one of the most absurd and counterproductive ideas floated under the banner of “social justice.” the idea that people who were never slaves should extort money from people who were never slave owners is an unconstitutional absurdity that no one should take seriously.

    Which is why this story warms the cockles of my heart.

    A Target security guard punched a customer during a confrontation that was sparked when she asked for “reparations” while at a checkout line with more than $1,000 in groceries, according to a police report.

    The ugly incident happened in October at the megastore in Blue Ash, Ohio, and began when Karen Ivery asked a cashier for their manager regarding the bill and reparations, according to the police report reviewed by The Post.

    Social Justice Karens are worst Karens.

    The cashier alleged to authorities that Ivery brought up reparations several times during their brief encounter before the manager arrived, the report states.

    When speaking with the manager, the customer first asked for reparations and grew angry as she walked “aggressively” toward the manager, according to the report.

    “Ivery kept berating her about reparations and her privileged life,” the report alleges as the patron kept walking toward the manager.

    That’s when Zach Cotter, a loss prevention officer, intervened and asked Ivery to calm down and leave the store, the report states.

    But she allegedly began screaming at Cotter and followed him to his office.

    When he tried to shut the door, Ivery allegedly forced her way in and Cotter threw a punch, according to the report.

    Surveillance footage of the incident reported on by the Daily Mail shows the staffer’s punch caused the woman to hit the floor.

    After reviewing footage of the incident, authorities wrote that they determined Ivery was the “aggressor” and she was placed under arrest.

    Good. Deluded people who demand free money for breathing should be derided and ignored, and aggressive people who barge into offices making threats have well earned a five-finger reparation to the face.

    Posted in Communism, Social Justice Warriors, Supreme Court | Tagged , , , , , | 20 Comments

    Credit Crunch Crisis Carpocalypse

    Posted on April 11, 2023 by Lawrence Person

    I’ve already covered how small business bankruptcies are at record highs and manufacturing is at a three year low. To those woes add a severe credit crunch.

    How severe? How about $105 billion drop in loans in just two weeks.

  • “This credit crunch greatly increases the chances that America is going to have a deflationary recession or depression at some point in 2023. And, in fact, we could already be in it.” Ya think?
  • “We’re going to see the unemployment rate start to spike in America in the second half of 2023, In fact, we’re already seeing a big increase in unemployment claims data from the Federal Reserve shows that continued unemployment claims has surged since September.”
  • “We’re seeing a big surge in mortgage defaults right now across America, particularly on what’s called FHA mortgages. FHA mortgages are these first-time home buyer loans that the US government sponsors and allows people to only put three to five percent down. Well, these loans now have a 12% default rate in the most recent month of February 2023.”
  • Debt-to-income ration is now higher than it was at the pre-subprime meltdown peak in 2008.
  • “The Biden Administration has been very aggressive in wanting to expand mortgage access to low-income borrowers who can’t afford these mortgages. And they do this under the guise of expanding the benefits of home ownership to everyone, but really what they’re doing is they’re saddling at-risk economic households with a lot of debt near the peak of a housing bubble.”
  • “When banks tighten the belt and businesses can no longer get loans, businesses have to shut down, or what businesses have to do is, they have to start liquidating their holdings and taking whatever cash they have and use it to pay expenses. This is actually a concern of mine.”
  • “This bank credit crunch which is occurring right now could cause even more bank runs in the future” as people pull money out of the bank to cover expenses.
  • Quantitative tightening is back on.
  • “Mortgage application demand is on par with what we saw basically in the worst of the last housing crash in 2008, 2009, 2010, and so, no, there is no recovery.”
  • “The regular home buyer is still out of the housing market and is not returning.”
  • “The money supply in America is contracting…every other time in history it contracted, which was four times, we had a depression, a panic and a banking crisis.”

    • Cheerful enough. But if you’re a car dealer, things are even worse:

  • Banks are cutting off backing loans and providing credit to dealerships.
  • Not just used car dealers, but even national brand, nameplate dealerships.

  • This all started back in 2020, when banks started lending way too much money on cars that simply aren’t worth it, to consumers that simply couldn’t afford these payments, and shouldn’t have got the car in the first place…Let’s fast forward to 2023. We’re seeing record high repossession rates, and we’re seeing record high portfolio sell-offs, where people are just liquidating their paper because they don’t want to take on the risk of all these really bad auto loans, because they owe too much money. People are not making payments and they see the value of cars going down.

  • The fewer banks dealers can pit each other against for loan terms, the higher the interest rate consumers have to pay.
  • Dealers (not the banks) are also the ones who get screwed if a customer misses their first through third car payment.
  • Texas car dealer: “He was floored because he sells a lot of trucks between $45- and $65,000 trucks. Four of his banks told him that they’re no longer lending over twenty five thousand dollars.” (Previously.)
  • “I promise you this: it’s only gonna get worse.”

    • But wait! It gets worse!

  • “Capital One is going to start pulling their floor plans from dealers.”
  • “Floor plans” are the lines of credit dealers use to purchase cars to populate their lots, even the big nameplate dealers.
  • “Dealers are overexposed right now. They have paid way too much for their inventory and now they are having a hard time selling it.”
  • “It is so much harder now than it has been in the last two years to get people approved for loans to be able to sell these vehicles.”
  • “[Banks] do not want to get stuck holding the bag on these cars.”
  • “Dealers have been stupid. They have overpaid and they have too much inventory right now.”
  • “Some of these dealers, if they’re having cars 60, 90 days and maybe they’re getting a little bit behind on their payments [the] floor plan company will actually go to these dealers lots and they will take these cars that have been sitting too long, they’ll take them to the auction.”
  • “If they didn’t have the cash, the liquidity, to begin with, then they have to start liquidating cars, and they have to liquidate them fast to be able to pay their flooring lines…if they lose these flooring lines, they might as well not be in business, they don’t have the cash to be able to buy more inventory to be able to sell it to make more money.”
  • Banks pulling their floor lines could potentially crash the whole car market.

    • Things are going to get worse for car dealers before it gets better, and six months from now might be a great time to buy a car, assuming you’re not too busy shooting starving looters trying to steal your canned goods…

    Posted in Democrats, Economics, Regulation, video | Tagged , , , , , , , , , , | 9 Comments