Chevron's gone

[kallend 1,819]

SCOTUS has really started something with this decision.

https://www.nytimes.com/2024/06/28/us/supreme-court-chevron-ruling.html

It will be intersting to see how this works out.

[kallend 1,819]

I realize that Trump/Biden is the topic of the day, but I'm surprised that no one has any thoughts about Chevron deference being overturned and its ramifications for things in general and aviation regulations in particular (such as FAR Part 105).

[wmw999 2,295]

18 minutes ago, kallend said:

I realize that Trump/Biden is the topic of the day, but I'm surprised that no one has any thoughts about Chevron deference being overturned and its ramifications for things in general and aviation regulations in particular (such as FAR Part 105).

They’re just not printable. We’re heading into a “enforce the law as I think it should(nt) apply for me, and as I think it should apply for you 

Wendy P. 

[GeorgiaDon 350]

Regarding things in general, every regulatory decision that has a financial impact on any business will have to be litigated to death before they can be enforced.  The courts will be overwhelmed to the point of paralysis.  It will be impossible to respond to any health or environmental problem, indeed any issue, on a time scale faster than decades.  And in the end, any decision no matter how technical will be made by judges who have no training in the subject.  However lawyers are well known for their confidence that they can read a one page brief and know more than anyone who has spent their whole career working on a topic.  

[gowlerk 2,077]

14 minutes ago, GeorgiaDon said:

Regarding things in general, every regulatory decision that has a financial impact on any business will have to be litigated to death before they can be enforced.  The courts will be overwhelmed to the point of paralysis.  It will be impossible to respond to any health or environmental problem, indeed any issue, on a time scale faster than decades.  And in the end, any decision no matter how technical will be made by judges who have no training in the subject.  However lawyers are well known for their confidence that they can read a one page brief and know more than anyone who has spent their whole career working on a topic.  

Or, congress could get its shit together and pass more clear laws instead of relying on bureaucrats to regulate.

[billvon 2,691]

1 hour ago, wmw999 said:

They’re just not printable. We’re heading into a “enforce the law as I think it should(nt) apply for me, and as I think it should apply for you" 

I think it will be closer to "enforce the law as interpreted by the side with the deepest pockets."

[JoeWeber 2,539]

Just now, billvon said:

I think it will be closer to "enforce the law as interpreted by the side with the deepest pockets."

The tricky bit here will be taking advantage of the positives. How, as an example, do we convince the MAGA hordes the deep state is now kaput und they no longer need Trump? 

[JoeWeber 2,539]

Just now, kallend said:

I realize that Trump/Biden is the topic of the day, but I'm surprised that no one has any thoughts about Chevron deference being overturned and its ramifications for things in general and aviation regulations in particular (such as FAR Part 105).

Should be good for pollution stocks, in general, I guess. 

[GeorgiaDon 350]

I give it about 5 years before this court abolishes the EPA.

[JerryBaumchen 1,252]

3 hours ago, kallend said:

I realize that Trump/Biden is the topic of the day, but I'm surprised that no one has any thoughts about Chevron deference being overturned and its ramifications for things in general and aviation regulations in particular (such as FAR Part 105).

Hi John,

A couple of months ago, US Sen Jeff Merkley [ D-OR ] was in the news criticizing the Biden admin about something that bothered him.  I went to his website & sent him a message that said, 'Knock it off.'  I went on to tell him that the No. 1 issue in this country today is the defeat of Donald Trump.  Stay on that & do all the criticizing you want after Nov 5th.

What do you think is the most important issue in this country at this time?

Jerry Baumchen

[BIGUN 1,229]

6 hours ago, JerryBaumchen said:

What do you think is the most important issue in this country at this time?

Two Items:

1. Pseudo-Inflation. Most businesses don't know how to marginalize their business against the CPI, so when they hear inflation, they do a 20% markup on all times to stay ahead of it. They hear it again and add another 20%, etc. 

2. Home prices. Zillow's artificial housing index algorithm.   

[brenthutch 416]

29 minutes ago, BIGUN said:

Two Items:

1. Pseudo-Inflation. Most businesses don't know how to marginalize their business against the CPI, so when they hear inflation, they do a 20% markup on all times to stay ahead of it. They hear it again and add another 20%, etc. 

2. Home prices. Zillow's artificial housing index algorithm.   

Are you claiming that the skyrocketing cost of food, electricity, rent and housing is imaginary?  Our government would differ.
“Inflation has been far worse during the Biden administration, up 19.9% over the first 41 months of Biden’s term compared to 5.4% during Trump’s first 41 months, according to the government’s consumer price index.”

[BIGUN 1,229]

8 hours ago, brenthutch said:

“Inflation has been far worse during the Biden administration, up 19.9% over the first 41 months of Biden’s term compared to 5.4% during Trump’s first 41 months, according to the government’s consumer price index.”

1. Always cite your source. I'm tired of having to look your quotes up and am not doing it anymore. You want to have a discussion - include it, so I can see whom and in what context it was written.

2. You don't know how it works either. CPI for May attached. 

8 hours ago, brenthutch said:

Are you claiming that the skyrocketing cost of food, electricity, rent and housing is imaginary?

What I am saying is - people are over-inflating inflation because they don't know how to marginalize their business against the CPI. I will also say that I - in part, get some of it. the CPI is after the fact and businesses try to stay ahead of it, so they over inflate and create an inflation brush fire.   

You don' t really think the Taco Bell 5 layer Beef Burrito pricing went from $2.47 to just over $6 due to inflation, do you? 

cpi.pdf

[brenthutch 416]

41 minutes ago, BIGUN said:

1. Always cite your source. I'm tired of having to look your quotes up and am not doing it anymore. You want to have a discussion - include it, so I can see whom and in what context it was written.

2. You don't know how it works either. CPI for May attached. 

What I am saying is - people are over-inflating inflation because they don't know how to marginalize their business against the CPI. I will also say that I - in part, get some of it. the CPI is after the fact and businesses try to stay ahead of it, so they over inflate and create an inflation brush fire.   

You don' t really think the Taco Bell 5 layer Beef Burrito pricing went from $2.47 to just over $6 due to inflation, do you? 

cpi.pdf 514.07 kB · 0 downloads

Source 
https://www.forbes.com/sites/dereksaul/2024/06/27/how-the-economy-really-fared-under-biden-and-trumpfrom-jobs-to-inflation/

Apparently YOU don’t know how inflation works 

https://www.brookings.edu/articles/what-caused-the-u-s-pandemic-era-inflation/

“inflation in 2021 and 2022 was driven by developments that directly raised prices rather than wages, including sharp increases in global commodity prices and sectoral price spikes driven by a combination of pandemic-induced kinks in supply chains and a huge shift in demand during the pandemic to goods from services. Fiscal policy contributed to the inflation, but primarily through its effects on consumer demand for commodities and goods in limited supply” 

Because of the COVID shutdown, folks were unable to spend resulting in an additional  trillion dollars sitting in checking accounts. After COVID, this pent up demand + Democrat money party via the American Rescue Plan and the Inflation Reduction Act, resulted in too many dollars chasing too few goods causing generationally high inflation that far outpaced wages resulting in a lower standard of living for most Americans.
 

And yes your six dollar burrito is by definition a result of inflation.

[BIGUN 1,229]

47 minutes ago, brenthutch said:

trillion dollars sitting in checking accounts. After COVID, this pent up demand + Democrat money party via the American Rescue Plan and the Inflation Reduction Act,

While I respect the CV of the authors, this is a partisan piece laced with the ECON 101 definition of, "too many dollars chasing too few goods" and it's a year old. The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.3 percent over the last 12 months. Nor, do you address the pseudo-inflation measures created by most businesses not understanding/knowing how to marginalize vs. markup of their businesses.

[brenthutch 416]

On 6/30/2024 at 8:03 AM, BIGUN said:

While I respect the CV of the authors, this is a partisan piece laced with the ECON 101 definition of, "too many dollars chasing too few goods" and it's a year old. The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.3 percent over the last 12 months. Nor, do you address the pseudo-inflation measures created by most businesses not understanding/knowing how to marginalize vs. markup of their businesses.

I’ll try that at dinner tonight, when I get the bill I’ll knock off twenty percent and tell them their price increases aren’t real they are just “pseudo”

If a business doesn’t understand how to properly price their goods and/or services, folks are free to take their money to enterprises that do.

BTW 3.3% is WELL above the Fed’s target of two percent and don’t forget that it is on top of 7% in 2021, 6.5% in 2022 and 3.4% in 2023 well outpacing wages.

Edited July 1 by brenthutch

[BIGUN 1,229]

37 minutes ago, brenthutch said:

folks are free to take their money to enterprises that do.

Which is, 1) exactly what people are doing, or 2) making their own burritos at home. 

EDIT: Don't forget your military discount of 10%

Edited July 1 by BIGUN

[brenthutch 416]

1 hour ago, BIGUN said:

Which is, 1) exactly what people are doing, or 2) making their own burritos at home. 

EDIT: Don't forget your military discount of 10%

20% at Jersey Mike’s

[SkyDekker 1,278]

On 6/29/2024 at 8:10 AM, kallend said:

I realize that Trump/Biden is the topic of the day, but I'm surprised that no one has any thoughts about Chevron deference being overturned and its ramifications for things in general and aviation regulations in particular (such as FAR Part 105).

I think what SCOTUS has done is elevated itself to the most important branch. With the legislative branch in absolute chaos and unable to legislate, the executive branch unable to set rules, the judicial branch just became supreme ruler of the land.

[GeorgiaDon 350]

Adding to the decision to throw out Chevron, today the supreme court effectively threw out the 6 year statute of limitations Congress set for entities to challenge rules or regulations set by government agencies.  Despite the plain language of the law, the conservative members of the court twisted that language like a pretzel to achieve the long standing wet dream of the Heritage Foundation and ensure that they (the judicial system) would become the ultimate "deciders" who really run the country.  I guess unless you are a conservative justice, you must be just a "mud-sill", too stupid to be allowed a say in how society functions.  (If you subscribe to Heather Cox Richardson's blog you'll know the term mud-sill; if not, it is an old term for the laboring class, good for providing the "muscle" to keep the economy running, but only under the control of the ruling class.)

[gowlerk 2,077]

1 hour ago, SkyDekker said:

With the legislative branch in absolute chaos and unable to legislate, the executive branch unable to set rules, the judicial branch just became supreme ruler of the land.

Just as they did with Brown v board of education and later with Roe. SCOTUS is often accused of over reach by one side or the other.

[SkyDekker 1,278]

Just now, gowlerk said:

Just as they did with Brown v board of education and later with Roe. SCOTUS is often accused of over reach by one side or the other.

No, not quite the same. They have thrown out all rules and have made themselves the single arbiter of every regulation.