Today’s decoding of liberal lexigraphy: It has become a common refrain from liberals to say we need to have a “national conversation”—usually about racism or “Islamophobia” or something. Translation: “Shut up and agree with liberalism.” Leftists don’t really want a “conversation” about anything, still less an argument that they’ll lose. It’s more like this:

Who said this?

“People are driving across that border with tons of everything from byproducts from methamphetamine to cocaine to heroin. And it’s all coming up from corrupt Mexico.”

Answer: Joe Biden. Good luck, Joe.

Out here in California, we were told a couple years ago that because of—wait for it!— climate change, the state was now in permanent drought. Yet after a near record-breaking winter of steady rain that fully filled most of the state’s reservoirs, we are now poised in the next few days to break a 120 year-old record for rainfall in the month of May, with perhaps two feet of snow in some of the higher mountain areas. But I am sure that this consistent with climate change, too, because is there anything it can’t do?

Feel Good Story of the Day: Salon may close! Turns out it has never made any money.

Salon Media says they have reached an 11th hour deal to sell the company and its flagship property for $5 million. In an SEC filing, Salon also revealed its position was dire and that it would face imminent “bankruptcy and liquidation” if the deal should fall through. . .

Though it was once a powerful force in the early days of internet blogging and a prominent incubator of talent, the website has fallen on hard times in recent years. . .

The company’s troubles, however began long before and were documented in detail in a 2016 Politico Magazine story, which revealed that for years Salon — deeply unprofitable — had been kept afloat by elderly benefactors, John Warnock, a co-founder of Adobe, and Bill Hambrecht a venture capitalist. The two are now 78 and 84 respectively.

Don’t miss the Competitive Enterprise Institute’s annual Ten Thousand Commandments report about the economic cost of regulation. Bottom line: CEI estimates that the “hidden tax” of regulation in 2018 came to $1.9 trillion.

Regulatory costs of $1.9 trillion amount to 9 percent of U.S. GDP, which was estimated at $20.66 trillion in 2018 by the Commerce Department’s Bureau of Economic Analysis.

When regulatory costs are combined with estimated federal FY 2018 pro- jected outlays of $4.412 trillion, the federal government’s share of the entire economy reaches 30 percent (not including state and local spending and regulation).

If it were a country, U.S. regulation would be the world’s ninth-largest economy, ranking behind India and ahead of Canada.

The regulatory hidden “tax” is equiva- lent to federal individual and corporate income tax receipts combined, which totaled $1.88 trillion in 2018 ($1.66 trillion in individual income tax rev- enues and $218 billion in corporate income tax revenues).

Regulatory costs rival corporate pretax profits of $2.182 trillion.
If one assumed that all costs of federal regulation and intervention flowed

all the way down to households, U.S. households would “pay” $14,615 annu- ally on average in a regulatory hidden tax. That amounts to 20 percent of the average pretax income of $73,573.

The Trump Administration is doing a lot to try to rein this in. But as someone likes to say, faster, please.

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