Blog: If I understand this

I have decided that Trump has accomplished an amazing feat – he is, at the same time, the most corrupt and the most incompetent president in history.

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A species of jellyfish known as Turritopsis dohrnii is biologically immortal. When facing physical damage or starvation, it can revert its cells back to their earliest childhood polyp stage, essentially restarting its life cycle. Provided by National Geographic

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From The Atlantic:  Stocks keep going up because corporate profits have continued to soar. If investors have learned to ignore President Trump’s chaos, it’s not because they’re oblivious to reality, but because this chaos has hardly dented corporate profits.

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Sports:   About that college QB who made bets while playing, and sued to be reinstated, this news:

A judge’s decision to rule Texas Tech quarterback Brendan Sorsby eligible on Monday morning roiled college sports, with reactions ranging from doomsday predictions to informal chatter about Big 12 schools attempting to not play Texas Tech this season.

The reaction around college sports was nearly unanimous, with the idea of Sorsby playing in 2026 after admitting to thousands of bets on sports — including 40 on his own team — representing the latest crossroads for an industry that has faced a dizzying number of them in recent years.

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MSNOW summed it up this way:  Donald Trump can’t handle the truth — especially when it’s presented by a woman.

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Trump says that he weighs 227 pounds. You be the judge:

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Dunno what to call this, irony?  Rob Reiner’s son Nick seeks money for his defense in parents’ killings from trust they left him

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More Sports:

ESPN personality Stephen A. Smith declared that it would be Trump’s fault if the Knicks lost Game 3. Following San Antonio’s 115-111 victory to snap New York’s 13-game playoff winning streak, Trump clapped back at the popular sports talk debater.

“I think he’s a nice guy but you need a certain aptitude to run for president,” Trump said. “You need a high IQ; I’m not sure Stephen A. Smith has that.”

Note:  Smith is a black sports reporter.  He has joked about running for president.

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On CBS online:  Inflation in May likely topped 4% for the first time in 3 years, economists say

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Asked the obvious question about conspiracy theorists’ lack of evidence, the House speaker (Johnson) added, “Some of these efforts are so diabolical and so far upstream that it’s impossible to prove, but I think everybody knows instinctively something is wrong here.”

It was an implicit acknowledgment of an inconvenient truth: Johnson and his cohorts simply don’t have any evidence.

Talk about drinking the Kool Aid . . .

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If you care about the social security shortfall in money, which will happen in just six years . . .  of the several ways to fix it, my first would be to eliminate the salary cap . . .  so, everyone pays the same percentage!  Update: Robert Reich says just raising the cap to $400,000 (yearly income) would do it . . .

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When I read this:  A new analysis warns that a proposed overhaul of the Federal Emergency Management Agency by a Trump-appointed panel would limit access to federal disaster aid for survivors, shifting the burden to state and local governments amid hurricane season.

I think a bad hurricane should hit Mar-a-Lago and area.

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A reminder from MSNOW:  In the months leading up to Election Day 2024, when Donald Trump was ostensibly focused on his candidacy, the Republican launched a dizzying merchandising campaign, pitching everything from Trump-branded watches to silver Trump commemorative coins, batches of digital trading cards to a weird cryptocurrency project, and gold sneakers to Trump-endorsed Bibles.

Even after the president returned to the Oval Office, those efforts continued with Trump-branded guitars and Trump phones, among other things.

President Donald Trump and his family have cashed in big since he won the 2024 election. Of the billions of dollars they have accrued over the past 18 months, the lion’s share has reportedly come from cryptocurrency assets that bear the president’s name or his family’s endorsement.

And now, $12,000 coins to commemorate the bloody fight at the White House!  Get yours today!  And maybe a pair of $400. golden Trump sneakers!  Wait, how about a Bible?  A steak?  Jewelry?  Ice? Vodka? Crypto coin?

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Looking ahead, in horror perhaps, to a potential Vance presidency — he’s the one who went around saying that Somalian immigrants were catching and cooking pets. 

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It seems Trump and Hegseth think dropping bombs will bring any enemy to terms.  Perhaps they would like to read (well, someone can read to Trump) about how many tons of bombs we dropped on Vietnam.

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First step in making social security more secure – eliminate the cap on contributions.

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From Reich, about that SpaceX IPO:  Elon Musk’s SpaceX goes on the market tomorrow. Rather than provide a range and then price the deal based on demand, as is customary in Initial Public Offerings, Musk has set a take-it-or-leave-it price of $135 per share.

He anticipates that the resulting corporation will be valued at $1.77 trillion. That’s an extraordinary amount for a company that generated $18.7 billion in revenue last year and recorded an operating loss of $4.2 billion.

In other words, Musk is offering SpaceX stock at roughly 100 times the company’s total revenue in 2025.  Update: the IPO is live (6/12) and the price has increase already to about $160.  They are saying Musk is a trillionaire.

How much is that?  To perhaps put in some perspective, if you spent a million dollars a day, every day, it would take you 2,740 years to spend it all, ignoring what the balance would earn along the way.

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Saw it again – online headline for “Photos of medieval life.”

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Has it really come to this? — College students once tried to make their work look polished. Now, some say they’re making mistakes on purpose to avoid AI accusations. – LA Times

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Basketball fans:  Only once in the history of the NBA finals has a team won after trailing 3-1, but it has been done (Cleveland).

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What I Still Want to Know Dept.:  Remember when Trump pardoned the ex-president of Honduras, after he was convicted of smuggling over 400 Tons of cocaine into the U.S.?  I still want to know if that guy bought Trump crypto.

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If raising a kid these days isn’t tough enough, how do you explain that Stevie Nicks is a girl, and Alice Cooper is a boy?

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Enough. Work for November.

All take care,

Kevin