JM Ashby
Written by JM Ashby

(Cartoonist - Stuart Carlson)

In other news, the Department of Justice has reportedly launched an anti-trust probe of American automakers for... agreeing to set their own emissions standards. This is utterly politicized nonsense.

Meanwhile, Federal Reserve Chairman Jerome Powell says the Fed will take action to keep the economy going, meaning we can expect another interest rate cut that will please the market for a few days but won't do jack for average people.

Finally, Trump's top economic adviser Larry Kudlow says they want 'near-term results' from trade talks with China, whatever that means.

“We want to see results. We would like to see results in the near term. When we don’t see results, we take additional actions,” Kudlow said. “On the other hand, if we do see results from these upcoming meetings, then progress will be made.”

I think this means they want instant gratification or at least something that will help Trump in the next election. China probably won't give them that.

Have a good weekend. I'm going to Oktoberfest tomorrow.

  • muselet

    • I am not a lawyer, but there doesn’t seem to me to be much basis for an antitrust action against automakers who agree to surpass federal emissions and fuel-consumption standards. This is pure bullying by the Trump administration.

    • Yeah, that’ll help.

    • Larry Kudlow is a blithering simpleton.

    Hoist one for us tomorrow, Ashby.

    This is a great song—and Steeleye Span was a great group—that deserved better than a not-very-good music video:


    • Draxiar

      I had the same question about emissions and fuel consumption. If an automaker decides to exceed the minimum standards what is actually wrong with that? How is that against the law? Isn’t that the free market at work?

      • muselet

        As I understand it, the DOJ’s rationale is that those automakers are making it more difficult for consumers to buy less efficient but (supposedly) cheaper cars. It doesn’t pass the giggle test, but there it is.

        Really, this is about Donald Trump’s seething hatred for California, and his desire to eliminate California’s (entirely legal and proper) waiver from the Clean Air Act that allows the state to set more stringent standards than the federal ones.


  • Nefercat

    if we do see results from these upcoming meetings, then progress will be made

    Or if we see progress being made, that would indicate results. Or if we see results, then we will have results. Or if we make progress, then progress will be made. Babble babble babble. They can get out a sharpie and make all the progress they want. They just have to be sure to mount the pretty chart on real science fair poster board. That makes it official, you know.