A few random observations, charts and factoids to provide some context on what is going on in the world.
Trump Has Turned Politics Upside Down
President Trump's approval rating has been dropping over the last month based on the chaos surrounding his tariff policy and the incessant negative news coverage surrounding deporting illegal aliens such as Kilmar Obrego Garcia.
What I find interesting is that when you break down the numbers by age groups Trump has positive approvals with every group but those age 70+. according to the RealClearPolitics.com poll average.
The age 70+ age group disapproves of Trump's job approval by -14 points.
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Credit: https://x.com/LokiJulianus/status/1914801223175201194 |
This is incredible to someone like me that has followed politics for a long time.
Younger voters have traditionally been the most liberal and older voters the most conservative.
Trump is +9 with Millennials who have previously disdained all things conservative for their entire life.
Trump has literally turned politics upside down.
Why are those age 70+ of this mind?
The best theory I have seen is these are the people who still get most of their news and information from mainstream sources.
The others are finding a much more balanced view of information on the internet and social media.
I guess the older folks seem to believe the narrative that Trump is going to cut their Social Security and Medicare.
Oh Canada!
It appears that Donald Trump has also turned politics upside down in Canada.
Canada's national elections are being held today.
In early January Justin Trudeau was forced to resign as head of the Liberal Party and as Prime Minister of Canada due to massive unpopularity.
Trudeau was replaced by Mark Carney.
At the time that Trudeau stepped the Liberals were given less than a 10% chance to win the election and the betting odds suggested that Conservative Party candidate Pierre Poilievre had a better than 90% chance to be the next Prime Minister.
Carney is now the heavy betting favorite.
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Source: https://polymarket.com/event/next-prime-minster-of-canada?tid=1745424446777 |
I don't know that I have ever seen an election turned upside down more dramatically in such a short period of time than what we have seen in Canada.
Does this have anything much to do with any dramatic changes in the policies of Carney or Poilievre ?
No.
It is almost totally a reaction to Donald Trump's comments about wanting to make Canada the 51st state and a surge of nationalism and anti-Trump sentiments north of the border.
Carney appears to be leading in recent polls based on the fact that more voters believe he will best stand up to Trump. Carney is favored on this question by 43%-37% by voters.
Of course, Trudeau brought all of this on by telling Trump that Canada could not continue to exist if Canada had to pay tariffs on the over $600 billion of goods it exports to the United States. 22% of Canada's GDP is tied to those exports.
It will be interesting to see what happens today and with U.S./Canada relations going forward.
However, Trump may actually want the Liberals to win as it may accelerate further weakening of Canada due to its progressive and woke policies of the Liberal Party which may drive the more conservative and resource rich Western provinces closer to the U.S.
What Are The Odds?
Another data point that caught my eye recently is this report from Bloomberg that 12% of all jobs in New York City are for people who are caring for a relative and being paid by the Medicaid program.
In 2014 there were only 20,000 people being paid to stay at home and care for a relative.
The next year the Obama administration relaxed the eligibility rules and the next year 250,000 were being paid by Medicaid.
That number is now 620,000---12% of all jobs in New York City.
This factoid actually might be more shocking than the shift in the voting odds in Canada.
What are the odds that a substantial number of these jobs are fraudulent in some way?
And yet the Democrats are taking Elon Musk, DOGE and President Trump to task for anything that might reduce Medicaid spending?
The fact is that by getting rid of obvious fraud there will be more money for those truly deserving.
Don't Put Your Fist Through A Wall
When you see figures that show 12% of NYC's jobs are being paid for by Medicaid to care for a relative it might be natural to want to put your fist through a wall if you are a taxpayer.
The chart below shows what a bad idea that is as it shows the number of annual hospital visits for punching a wall broken down by age.
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Credit: https://x.com/m3pols/status/1912908124929081576 |
It seems that teenagers are the most likely to try to put their fist through a wall.
This statistic shows pretty clearly that the prefrontal cortex of the brain is the last part of the brain to develop. That is the area of the brain that is responsible for higher-level cognitive functions like planning, decision making and impulse control.
It generally does not fully develop and mature until age 25.
However, this chart shows that is a general rule.
There was one person at age 69 who thought it was good idea to take out their anger on a wall.
The good news is that despite the disapproval of Trump by those age 70+ it is unlikely that any will take their frustration out on a wall!