SOTU: Tickerguy’s Take

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by Karl Denninger, Market Ticker:

So here it is, the next day, having had a nice sleep on the words and some time to fact-check a few things.

First and foremost, it was an attempt at an “uplifting” speech.  I say attempt because unfortunately Trump couldn’t muster a few things that actually define such.

Let’s start with the good, because there was some.  The facts on ISIS were good, and Trump can legitimately take credit for a large part of it, along with the change in the military rules-of-engagement in various theaters.  Those are plenary executive authorities, and thus rise and fall with the President as CIC.

But there most of the good news ends, and it’s unfortunate.  Among the bad news was Trump’s capitulation on amnesty, which ought to cost him the next election and ought to also cost him The House.  It is flatly unacceptable to provide amnesty of any sort to 1.8 million illegal immigrants no matter how they got here since they have benefited tremendously from American largesse already.

Specifically, each and every one of them who has gone to a public school has stolen more than $100,000 worth of schooling to which they were not entitled.  Many if not most have also stolen medical benefits and similar again, to which they were not entitled.  It does not matter if they intentionally did this of their own volition or not; they were the beneficiaries and American citizens got the cost, of which I can easily total up more than $200 billion in aggregate, or more than $1,000 per actual taxpaying citizen that has been stolen in either actual cash or accrued national debt that said citizens will be expected to pay.  No consideration of any sort should be given to any kind of permanent “protection” until and unless every penny of that has been repaid, with interest.

Second, irrespective of repayment these people jumped the line.  This is a grave insult to all who wish to immigrate to this nation and who must prove that they are worthy, including being both willing and able to follow all of the laws of this country — which I remind you includes paying all your taxes.  As a good friend of someone who recently was naturalized and who is fully-aware of exactly what that entailed, along with having attended her swearing as a citizen, I find this outrageously insulting to those who have worked tirelessly to earn their citizenship and thus can never support it.  She, incidentally, has gone on to wear the uniform as well.

What I could support is the ability to stay here in the United States subject to paying off all of the largesse they have received, keeping a spotless criminal record with nothing more serious than a speeding ticket looking both forward and back and with their final “regularization” delayed until all of same is paid back and their turn in line comes up, having submitted their names and taken that place in line when the policy is changed.  In short they are all public charges right now and must cure that before being considered.  Even then the “reward” must not be naturalization, which must be barred, but rather lawful permanent residency, which is immediately revoked for any felony charge, except if found not guilty, even if pled down to a lesser-included misdemeanor.

On chain migration the AP claims that there is a huge backlog that makes the removal of it a non-event.  Well, if it’s a non-event why are the Democrats so opposed to it?  The AP is lying, in short, and deserves an asteroid strike on their headquarters and for their entire executive staff to fall victim to fatal and painfully-so disease.

But I want to leave policy aside here because the spectacle crap has risen to a level that was vomit-inducing.

It’s common for the President and others to invite people to the House Gallery for the speech.  In fact, if you want to see it live you basically have to have some sort of patronage relationship with someone or be about to be used as a prop.  The use of invited guests as props is nothing new, but the use of children, including an infant, which the President did twice, was the sort of “heartstring-tugging” theater that had exactly zero policy implication yet it has received a ridiculous amount of attention — and adulation — on Twatter and elsewhere.

The story about some pregnant woman about to inject herself with heroin who gives up her baby for adoption sounds like a piece out of a fairy tale, especially when adorned with the claim that God spoke to the cop — who then asked his wife (the two of them already having four kids) and she immediately said “yes” like a good little obedient God-servant.  Really?  Oh, by the way, what happened to the woman?  You know, the person afflicted with a heroin addiction?  What’s the backstory on that?  Did her addiction start with legal opioids and thus implicate Trump (and his predecessors) with their willful refusal to prosecute drug company executives along with clinics and doctors?  That was, of course conveniently omitted but it’s the real story here and not one news outlet has seized on it or reported on it, nor have they run down the woman to find out what happened to her.

You see a heroin addict isn’t cute and cuddly, while a baby brought into the House Gallery, well, now that is a perfect prop.  Especially when you have the prototypical couple; a shapely wife, a taller and “robust” looking cop, and of course God who does the literal booming voice from the heavens game just at the right moment.  That’s theater folks, and what’s worse it ignores what actually happened that led to the situation in the first place, because if we focused on that we’d find real ugliness that points straight back at Trump, Sessions and the cops including the so-called “hero” himself.

The other, a boy who noticed the lack of flags on veterans headstones, is less-offensive — but no less intentional on the part of the President.  I applaud that kid’s initiative, but deplore a sitting President who thinks it’s appropriate to use his desire to honor those who spent their lives in service of the country as an applause-gathering device.

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