by Mish

Now Bannon is Back on the Outside, back at Breitbart, and happy to be there.

Stephen K. Bannon has always been more comfortable when he was trying to tear down institutions — not work inside them.
With his return to Breitbart News, Mr. Bannon will be free to lead the kind of ferocious assault on the political establishment that he relishes, even if sometimes that means turning his wrath on the White House itself.

Hours after his ouster from the West Wing, he was named to his former position of executive chairman at the hard-charging right-wing website and led its evening editorial meeting. And Mr. Bannon appeared eager to move onto his next fight.

“In many ways, I think I can be more effective fighting from the outside for the agenda President Trump ran on,” he said Friday. “And anyone who stands in our way, we will go to war with.”

Among those already in Mr. Bannon’s sights: Speaker Paul D. Ryan; Senator Mitch McConnell, the majority leader; the president’s daughter Ivanka Trump and son-in-law, Jared Kushner; and Gary D. Cohn, the former president of Goldman Sachs who now directs the White House’s National Economic Council.

Thanks But No Thanks

Trump thanked Bannon for his help during the campaign, but not for his tenure in the WhiteHouse.

New York Times Parting Shot

The New York Times editorial, Exit Steve Bannon, gave Bannon a swift kick on his way out the door.

Mr. Bannon’s exit is, of course, a relief. As the well-financed Pied Piper of the alt-right Breitbart crowd, Mr. Bannon at the pinnacle of White House policy making was a nightmare come to life.
But Mr. Bannon, who promptly returned to Breitbart as its executive chairman on Friday, still poses a danger for our broader politics. Outside the White House, he is freer to rally his forces against anyone who doesn’t toe his nationalist-protectionist line. A Bannon-led right-wing backlash against Mr. Trump, who unleashed the worst impulses of nationalists in service to himself, would be a fitting comeuppance.

More Fun to Throw Mud

Clearly, it’s far more fun to throw mud than have it thrown at you.

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Lost in the Bannon and Trump bashing is one key question: Who is really the bigger threat, Hillary, Trump, or Bannon?

Why We Are Where We Are

We are in this mess because Obamanomics, war mongering, Fed policies, and social handouts created a budget mess but did not solve any problems. People revolted, and Trump got elected.

When it comes to trade and protectionism, Trump is wrong. So is Bannon.

Those who think Hillary would have been any better on trade policy are mistaken. If you believe differently, then please take Today’s Quiz: Donald Trump, Bernie Sanders, Hillary Clinton – Who Said It?

We would have a no-fly zone over Syria, had Hillary won. That would have risked a confrontation with Russia. Hillary wrecked Libya, and of course Obama and Bush had extremely misguided warmongering policies in the Mideast.

Obamacare was a failure, but no one on either side seems able or willing to fix it.

So here we are, with everything broken, and we still cannot get anything done. Republicans want more military spending and Democrats want more social spending. Warmongers on both sides want more war.

Art of Compromise

Compromise in Washington is more military spending and more social spending.

Repetitive “compromises” sent deficits soaring out of sight. On top of it all, the Fed blew massive bubbles in just about everything.

Problems Too Big and Too Many To Fix

One thing I expect Trump will get right, at least from a public union standpoint, regards appointments to the supreme court.

Overall, I hoped Trump would do better on many fronts. It was not to be. Trump could not drain the swamp. Partisan politics interfered, there was too much infighting, and there is nonsensical Russia bashing on both sides of the aisle.

The problems are too big and too many to fix. If you think Hillary would have fixed them you are delusional.

Mike “Mish” Shedlock

Pension Problem Too Big To Ignore?

Bloomberg writer Danielle DiMartino Booth says the Pension Crisis Too Big for Markets to Ignore. But I have a question: If the problem is too big to be ignored, why is nearly everyone complacent?

Anti-Trump Parade in Chicago Cancelled: Too Many People; 250,000 Take Over Downtown; Women in Pussyh

Protesters were out in force in Washington D.C. and Chicago. In Chicago, Police expected 2,000 to 20,000 to show up for a parade.

Too Big To Sell

Wealthy baby boomers are trapped in homes that are too big to sell. They want to downsize but can't get what they paid.

Aetna Admits Obamacare in “Death Spiral”: Can Trump Fix This Mess?

Earlier this week, Aetna’s CEO admitted something most of us knew long ago: Obamacare Markets are in a ‘Death Spiral’.

Martin County to Lennar: Fix the problems, or get out and don’t come back

The Palm Beach post is reporting Martin officials rap Lennar over homeowner gripes.

Art of the Deal – Trump Tells G.O.P. to Fall in Line or Be Stuck With Obamacare: Why Bother?

I expected another round of fruitless failure where appeasing the “Freedom Caucus” would be at the expense of moderates.

US GDP Revisions for 11 Years Coming Up: How Big Will They Be?

In January, I noted the Census Bureau had construction spending errors going back a decade. Since construction spending directly feeds BEA GDP numbers, GDP will be revised as well.

Trump to Build Wall, Punish Sanctuary Cities, Add 5,000 Border Agents: “Big Day, Mexico Will Pay” Sa

Color me wrong. I thought sanity regarding a US-Mexican wall would prevail after the election.

Will Globalization Survive Trump?

I have been a strong proponent of the notion Trump is likely to start a global trade war.