Wednesday, October 20, 2021

mportance of owning movies, videogames and music discs

 

I see a lot of bluray collections on reddit and bluray forums that joined the 1000 club. I wished I collected some Criterion discs. I have 9 Criterion movies. I only have 600 dvds + blurays over 20 years. I have 1500 videogames and 200 cds. In this Great depression 2, I thought I finish up on the movie collection, the game collection and music collection. I have 3 shelves double stacked and 10 shelves of videogames. Then I have some Retropie of 14,000 games consoles and a few with 8000 games consoles. I’m in good shape going into the Great Depression 2. I have people who love me, yet are baby boomers. I was watching Jeremiah babe and Epic economist in 2018. I really liked my videogames and movies. Unsure about the CDs, I like owning CDs almost as much hearing raves that aren’t on the Internet. I should have bought less CDs and more videogames. I have all the important blockbuster videogames of my teens and 20s. I have every videogame I really wanted by 2022. Nobody knew was into pokemon trading cards or Magic the Gathering. I own 3050 Magic the Gathering cards, because it was a big part of the atmosphere.

The neighbors didn’t invite me to Minnesota State Fair, bar/pub parties, any parties, gatherings. This woman from Roberts say I wasn’t a part of their community anymore. I was a part of the Toyriffic community for 15 years until the helicopter parents in my early 30s. It went bankrupt in 2019. I must’ve bought 25 videogames from that shop. The Magic the Gathering side of business wasn’t doing well so it went bankrupt. Roberts Wisconsin was kind of mean streets. If people don’t need me, I won’t hear from them. The bars were getting dangerous. I could be punched. Everybody was trigger happy with the Castle doctrine. Even people were wondering if I carried a gun.

On Myspace, I saw a lot of people go into bars and having parties because it was Wisconsin. Bars were celebrated in the 20s in Myspace and first 10 years of Facebook. Then I saw pickups, wites and children on Facebook in the 2010s. I remember getting banned on Plentyofifsh for 15 years or no dates off Okcupid for 15 years (partly because the A-list took bank accouwints not gift cards).

Employment is such a rat race and they want me to work without relationships and with speed, the grind. I be both alone and without owing anything fun possessions if people had their way. Co-workers didn’t want to spend time in restaurants or malls or coffee shops. They seem to be on the social networks however.

Tuesday, October 19, 2021

Millennials Are Running Out of Time to Build Wealth

 

In almost every way measurable, millennials in the U.S. at 40 are doing worse financially than the generations that came before them.

Fewer millennials own homes than their parents did at their age. They have more debt — especially student debt. They simply aren’t as wealthy.

Now, if predictions of a long, post-Covid economic boom are to be believed, this may be the last opportunity an entire generation has to build wealth before heading off into retirement.

For Kellie Beach, a real-estate attorney who turned 40 in April, that means starting by aggressively paying down her credit-card debt. Beach has cycled between periods of carrying balances and paying it all off. “I stayed afloat with credit cards,” she said. “I was just used to swiping and overspending.”

The pandemic jolted her into taking a hard look at her habits.

“Now I have this feeling — like this fire — of urgency,” Beach said. “I’m not going to be in this place again. I can’t wait to get out of this debt. I can’t wait to save up for my emergency fund and invest again.”

Wealth Woes

Net worth has declined since 1989 while wages remain stagnanthttps://www.bloomberg.com/toaster/v2/charts/4aae4bcd197147ed8289ab1cc0a12a03?hideLogo=true&hideTitles=true&web=true& Source: Federal Reserve

In April, a month after turning 40, Dustin Roberts bought his first house. He was older than his parents were when they became first-time homeowners: his mom in her 20s and his dad in his 30s. He wasn’t able to save more quickly for a down payment because money instead went to his student loan payments. He has $38,000 remaining in student debt from San Diego State University.

“My dad had always tried to tell me how important it was to buy a house, how that was a mode of financial security for him,” said Roberts, who works in sales at Milwaukee Tool in Savannah, Georgia. “I’m making more than my dad did, but am I better off? I don’t know that I can say yes.”

The oldest U.S. millennials — born in 1981 — turn 40 this year. Older members of the generation — mocked recently as “geriatric millennials” — came of age during a long stretch of prosperity in the 1990s, the second-longest period of expansion in U.S. history. Unemployment was steadily falling. If millennials remember a recession at all from their childhood, it might be a brief one in 1990 in which the economy contracted less than 2%.

But since entering adulthood, they’ve been hit with major recessions at critical stages in their financial development: They were 27 years old when Lehman Bros. went bankrupt, and the Great Recession dug in when they should have been establishing themselves in the workforce. “The Great Recession knocked everyone for a loop,” said William Gale, senior fellow in the Economic Studies Program at the Brookings Institution. “It caused unemployment. It caused slow wage growth. It made it harder to accumulate wealth.”

Then, as millennials hit the point in their careers where people traditionally move into higher-paying managerial roles, the pandemic hit. In 2020, the U.S. economy contracted 3.5%; When the oldest Baby Boomers turned 40 in 1986, the U.S. economy expanded at a 3.5% rate.

Now the U.S. economy is humming again, with sectors like retail sales and manufacturing stronger than they were before the pandemic. Stocks are at record highs, and wealth is swelling — especially for the wealthiest Americans. It remains to be seen whether jobs and wages will catch up.

Student debt

Some of the differences in wealth among the generations can be attributed to student debt.

More millennials borrow to pay for college than previous generations, and the loans are bigger. Millennials, who started college in 1999, paid an average of $15,604 per year for undergraduate tuition, fees and room and board. When Gen Xers and Baby Boomers started college, that number — adjusted for inflation — was about $10,300 for each of them.

Changing Debt Burden

Millennials have more student-loan debt but less mortgage obligations than their Boomer and Gen X counterparts when they were 40https://www.bloomberg.com/toaster/v2/charts/1af9c014904f427db2c2124a7ed3c401?hideLogo=true&hideTitles=true&web=true& Source: Federal Reserve

Those costs often follow people for years. Summer Galvez, who turns 40 this month, attended Clark Atlanta University in Georgia for a couple of semesters but withdrew because she couldn’t afford it. During the financial crisis, she was laid off from two jobs. Galvez now runs two successful businesses in Dallas — a marketing firm and a bakery — but she is still paying student loans 20 years later, even though she didn’t receive a degree.

Galvez says she relies on her own skills and hustle because big companies don’t provide job security. “There are always economic factors that could happen that could just really upend your life,” she said.

Going to college was more important for today’s 40-year-olds. Millennials with bachelor’s degrees or higher earn 113% more than what they would have earned with only a high-school diploma. But college-educated Baby Boomers made only 57% more than their peers with high school degrees.

“That’s one of the stark evolutions of the job market, where education has become a greater predictor of success,” said Lowell Ricketts, data scientist for the Institute for Economic Equity at the Federal Reserve Bank of St. Louis.

Homeownership

millennial homeownership vs. boomer homeownership at 40
Image: Getty(2)

Some economists predicted millennials would avoid buying homes after the 2008 housing market crash. They haven’t, but their homeownership rates are lower than previous generations at the same point in their lives: 61% for older millennials, 68% for middle-age Gen Xers and 66% for middle-age Boomers.

“The basic way that middle American households build wealth is through their homes,” said Richard Fry, a senior researcher at Pew Research Center. “Millennials have been less likely to be homeowners. Fewer of them have begun the process of building home equity.”

One culprit could be housing prices, which have increased — especially compared with earnings. Millennials are paying a median of $328,000 on homes. Baby boomers only had to spend $216,000 — adjusted for inflation — in 1989. Wages, on the other hand, have only risen 20%.

Soaring Prices

Millennials are paying 50% more for homes now than Boomers were in 1989https://www.bloomberg.com/toaster/v2/charts/ee88b72c3c894010abcbcb0a6b7670e4?hideLogo=true&hideTitles=true&web=true&*Note: Inflation-adjusted to January 2020 dollars Source: Federal Reserve Bank of St. Louis

In 2020, 18% of millennial renters said they planned to rent forever, up for the third consecutive year, according to a report from Apartment List. Among millennials who do plan to buy a home, 63% have no money saved for a down payment, the report said.

The share of millennials living with their parents is also significantly higher than in previous generations. “Conceptually, that could help their wealth accumulation because they’d be paying less for rent and they could save more,” said Gale of Brookings, a co-author of the NBER working paper. “But in practical terms of what happens is it’s an indicator of lack of economic status.”

Another factor: The housing market right now is ultra-hot, thanks in part to ultra-low mortgage rates.

“That’s great if you’re a homeowner,” Gale said. “But it’s terrible if you’re a renter trying to buy a home.”

Net worth

The typical Baby Boomers had about $113,000 — in today’s dollars — in wealth in 1989, when they were in their early 40s. Older millennials had a net worth of just $91,000 in 2019.

The millennial cohort is also more racially diverse than the generations before it, and because of structural racism, minority populations often have lower wealth accumulation and wages, which weighs on net worth averages, Gale said. The median White family has nearly eight times as much wealth as the median Black family, and more than five times as much as a Hispanic family.

The pandemic has widened inequalities in the U.S.: The unemployment rate for Black Americans has recovered slower, and remains much higher, than the rate for White Americans. Meanwhile, Americans of color are more likely to be employed in industries that are undergoing rapid change with automation and e-commerce, including retail and transportation.

“If we continue to see these inequities, it suggests that we’re really going to have a hard time achieving financial stability and upward mobility more broadly among American families,” Ricketts said.

Catching up

millennials vs. boomers at 40
: Getty(2)

Because the life expectancy of the American population is on the rise, millennials also receive family inheritances — if available to them — later in life, which could account for why people turning 40 today have lower net worth than generations prior.

By then, “it might be too late for them to take advantage of it and meet some of those mid-life goals that wealth really helps with achieving,” such as owning a home, investing in the stock market and paying down debt, Ricketts of the St. Louis Fed said.

For individuals, the first step is figuring out where you are — and what you need most, whether that means minimizing taxes or expenses, or generating more income, said Juan G. HernandezAriano, a certified financial planner and director at WealthCreate, a financial advising firm in Spring, Texas. Many people would benefit from figuring out a new payment plan for student debt. In addition, people who have newly hit middle age have some flexibility their parents didn’t have: more ways to invest, different car insurance options or the ability to work from home, for example.

“Bottom line: Are millennials behind? Yes. Can you catch up? Yes,” he said. “How? First and foremost, defining your goals. Once you define your goals: build a budget, improve that budget, diversity not only from an investment perspective but an income perspective.”

Older millennials can move the needle, starting with an emergency savings account — and even small amounts can help, said Signe-Mary McKernan, an economist and co-director of the Opportunity and Ownership initiative at the Urban Institute in Washington. They can then focus on contributing to retirement accounts, or buying — and keeping — a home.

“I don’t think it’s too late,” she said. “If we set up this stronger foundation for economic security, if it’s institutionalized for everyone, then it could make life better for young millennials, for older millennials, for future generations and for the country as a whole.”

Tech workers are getting ready to quit. This is what’s pushing them to leave their jobs

Employees are preparing to quit their jobs in droves after “falling out of touch” with their employers during the pandemic – with IT staff even more likely to walk.

Research by HR software firm Personio found that four in ten employees (38%) in the UK and Ireland were planning to change roles in the next six to 12 months or once the economy had stabilized – rising to 55% of 18-34 year olds

The research, which quizzed 500 HR decision makers and more than 2,000 workers, warned of a “post-pandemic talent exodus” that could cost businesses up to £17 billion (US $23.9bn).

Tech workers were even more likely to be eyeing a career change, with 58% of respondents in IT and computing roles saying they were considering a new role.      

Personio also found that, while almost half (45%) of employers were worried about post-pandemic resignations, few were looking to make talent retention a priority for their organization – leaving them “sleepwalking” towards a costly talent exit.

Hanno Renner, co-founder and CEO of Personio, said: “The last year has been a challenging one for businesses and HR teams who have often found themselves ‘firefighting’, dealing with multiple new tasks and concerns. For some, this has caused other areas such as people strategy to fall to the wayside – but this negligence comes at a cost.

“Falling out of touch with the workforce’s problems and priorities means that not only could people be more frustrated and ready to resign, but employers will be poorly prepared to prevent people leaving – resulting in lost talent and productivity, and damaged employer brand.”

A fraught tech talent market

Mass resignations of top technology talent could be catastrophic for businesses at a time when many are trying to fast-forward digital transformation initiatives. 

The COVID-19 pandemic has sparked a flurry of competition for developers and software professionals, with previous research indicating that many companies will struggle to hire and retain skilled technology staff.

Bev White, CEO of recruiter Harvey Nash Group, said tech professionals were beginning to weigh up their futures as pandemic restrictions eased – posing a retention challenge for businesses. 

“In the last few weeks, we have not only experienced a surge in new tech jobs – up over 100% on the previous year –  but we are also seeing a strong demand from a wide range of candidates including those that have worked for their employer throughout the pandemic, but now have different priorities,” White told TechRepublic.

Technology remains a predominant theme in the conversation around remote work, as well as a persistent source of frustration for employees working from home.

The pandemic may have accelerated the use of digital tools that, in many ways, have made our lives easier, but the sudden and mandatory switch to remote working has also had consequences for employee performance and wellbeing .

Almost half (44%) of HR decision makers surveyed by Personio reported an increase in the number of digital tools they used during the pandemic. In all, researchers found that companies were using an average of six different tools for people-related tasks and insights alone – rising to eight in larger organizations.

Staff have also seen an increase in the number of digital tools they’re using to carry out day-to-day work, leaving many feeling overwhelmed. Over a third of employees (37%) said there were “too many digital tools to use at work”, with 36% reporting a negative impact on their productivity as a result.

Despite the very real threat of staff leaving for new pastures as the economy strengthens, Personio researchers found that only 26% of HR decision makers cited talent retention as a priority for their organization over the next 12 months.

Aidan Donnelly, director of technology platform at Personio, warned that employers would feel the sting of resignations more acutely at a time when tech has rocketed to the top of investment agendas .

“Businesses should be aware that the loss of tech talent and subsequent need to recruit and onboard new hires is time consuming and expensive. This can be disruptive to businesses at a time when many are investing in digital transformation plans, or growing as technology providers,” Donnelly told TechRepublic.

“To prevent tech talent leaving, and protect their business, employers need to take time to speak to employees to understand their challenges and needs – and address these accordingly. Ultimately, this is the whole business’s responsibility, and management and leaders should be leading the way in opening these conversations and bridging any gaps.”

A growing disconnect

The switch to remote working makes managing employees and sustaining workplace culture particularly challenging.

Many employees have been left feeling untethered after spending months working from home, with progression opportunities and career development seemingly grinding to a halt.

For employees looking elsewhere, Personio found that the most influential factors were a lack of career progression opportunities (29%) and a perceived lack of appreciation for the work they do (29%). This was followed by poor management (25%), a pay freeze or cut (23%), and boredom with their job (23%).

The research also identified a disconnect between what employers felt would cause staff to quit and the reality. In particular, employers were found to “drastically underestimate” the impact of a toxic workplace culture on employees’ decisions to leave, with almost twice as many employees (21%) citing this as a significant push factor than HR leaders (12%).

HR decision makers also underestimated the influence that a lack of progression opportunities and a lack of appreciation had on workers’ decisions to quit, with just 17% and 15% identifying these as significant push factors, respectively.

Personio found that that employers were likely to feel they had supported teams better than employees felt they had, which it said was “indicative of a broader disconnect that could be contributing to a lack of loyalty amongst employees”.

HR leaders were more than twice as likely as staff to rate their company’s support for career development as ‘good’ (64% vs 30%), and more likely to view its support for work/life balance (70% vs 53%) and mental and physical wellbeing (68% vs 44%) favorably.

This optimism amongst employers could be blinding them to a “looming productivity drought”, researchers said.

While some reports have suggested that remote work has led to an uptick in employee productivity – at least, at the start of the COVID-19 pandemic – Personio found that the proportion of employees who felt their productivity had increased over the past year was roughly equal to those who believed their productivity had fallen.

Again, HR professionals were more likely to be optimistic with their reporting: 52% said they noticed an increase in staff productivity since the start of the pandemic, compared to 33% who’d noticed a decrease.

“This optimism could pose a risk; if employers don’t recognise that a productivity drought is occurring, they’re less likely to take steps to address it – and this could cost them dearly,” the researchers said.

The value of flexible working

A growing impetus for workers’ career decisions is the offer of flexible-working arrangements.

Harvey Nash’s 2021 Technology and Talent Study revealed that work location and remote working had become one of the top three most important factors for tech professionals when looking for a new job, with strong culture and leadership also ranking highly.

White said that providing a flexible mix of remote working and time spent in the office could represent “the best of both worlds for individuals and employers alike,” by helping to foster the strong and supportive culture that many employees desire following the events of 2020.

“Getting this right could be the key for organisations in retaining talent under threat – while for hiring managers looking to attract new people, demonstrating that their business is aligned with the new deal concept could send out a powerful message that helps them capture the interest of the tech professionals they need,” said White.

How employees handle a return to offices could also make or break employees’ decision to quit, said Ross Seychell, chief people officer at Personio.

“It’s not surprising that people are looking to move roles as the economy improves, as many people have stayed put and put job changes on hold while the labour market was more uncertain,” said Seychell.

“As the economy recovers and people have more confidence in the job market, not only will people have more opportunity and confidence to leave their jobs for pastures new, but burnout and frustration with lack of employer support during the pandemic may push them out the door… At a time when employees are ready to walk, any change that’s poorly managed could risk setting off a raft of resignations.”

 

Thursday, October 14, 2021

Be Glad About Pompeo’s Doomed Primary Challenge To Trump

 

Let’s face it – the news that former Secretary of State Mike Pompeo intends to challenge former president Donald Trump in a 2024 primary puts one to mind not of Godzilla v. King Kong, but of Godzilla v. Bambi. It’s Muhammad Ali stepping into the ring against Don Knotts. Pompeo is doomed. But we should be glad that he is offering up himself for sacrifice. Many conservatives are open to a competitive GOP primary, not because they dislike Trump (they like him) but because they want to make sure we nominate the strongest candidate in 2024. Moreover, Trump needs a challenge to prepare him for the real fight in the general. And he’s not afraid of one.

Will Pompeo really run? Reporters with good sources are saying Pompeo is telling his donors he is. And I have heard the same thing from inside sources who would know. Of course, the buried lede is that Pompeo has presidential campaign donors – well, there’s one born every minute. 

Other top-flight potential GOP candidates are not jumping in. Ron DeSantis is focused on his family (we’re all pulling for his wife) and winning reelection. Robert O’Brien, the former (excellent) National Security Advisor, is busy helping win back the House and intends to endorse the President the day the President announces. DC establishment darlin’ Nikki Haley, the Jeb! of 2024, will do whatever she has to do to get ahead, and right now she thinks that means staying out if Trump gets in.

But will Trump run? I originally did not expect him to run, but now I do. Between Asterisk’s floundering poll numbers and Trump’s public words and actions, as well as people who would know telling me that he’s running, it’s clear he’s leaning that way. He’s biding his time, and he should. There’s no reason to do anything now but build up his team for a third campaign – and it seems that’s what he’s doing.

All this is setting up a clash of the titan…and Mike Pompeo. 

Now, to point out that Mike Pompeo’s chances of prevailing in the primary are about the same as Kamala Harris winning “Border Czar of the Year” is not to throw shade on him. Pompeo would make a fine president. I have heard him speak on the Trump Doctrine, the America First foreign policy that he helped execute and that the current crusty occupant of the White House’s serial failures have fully vindicated. He was excellent, demonstrating a deep and thorough understanding of the challenges we face, which – contrary to our current pseudo-leadership’s view – are not climate change or systemic racism. He’s very conservative. Despite him being a West Pointer, should he be nominated we can all give him our enthusiastic support. And if he is nominated over Trump, we can all ride on our unicorns to the polling places to vote for him.

Pompeomania is just not a thing and isn’t going to be. 

The best argument for Pompeo is that, unlike Trump, he doesn’t scare the unsatisfied suburban wine women who make up the Democrat base like Trump does, but don’t worry – he’ll be literally Hitler when the time comes. The argument against him is that he’s bland. Trump oozes charisma (and, to leftists and cruise ship cons, its opposite) while Mike Pompeo inspires, at best, “Well, I guess he’s okay. Yawn.”

To want a real primary challenge is not the throw shade on Trump either. A real campaign will sharpen Trump, hone him, and get him ready for a real fight, be it against Kamala or someone remotely competent. 

This should not be a coronation. Trump has to earn his right to make his Grover Cleveland move. That means a real primary with a real challenger, not a media-driven, toobinesque vanity run by some Never Trump doofus like Larry Hogan or the Beltway Cowgirl, who will have nothing to do after being tossed from office next year. 

We saw what not having a challenge did to Hillary. She was out-of-shape, soft, unready, and unprepared. Trump needs to go into the general with momentum, the momentum one gets from crushing his primary opponents. And Trump thrives on competition – if you want him to win the general in 2024, then you want him to spar hard in the primary.

Trump has to work out some kinks in his delivery. As Byron York observed, at a recent rally he had the crowd rocking when he was roasting President * over his myriad failures, from the border to Afghanistan to inflation and beyond. Yet, when Trump started going on and on about 2020 in excruciating detail, the rally got off to a flying stop.

If his campaign is about relitigating the last one, we lose. We all know 2020 was rigged. I was in Nevada lawyering for the president in the aftermath, so I saw the traditional fraud, the unlawful rule changes, the zillionaires’ ”donations” to government election agencies, and the informal rigging of the media and corporations in 2020. But that’s the past; the 2020 fight is over. The only thing I want to hear about it is how Ronna McDaniel is preparing – with lots of lawyers and lots of money – for the fight in 2024, because her inexcusable failure to prepare for the legal fights in the half-dozen blue cities where the shenanigans took place caused that fiasco. The Arizona audit revealed a bunch of corruption. Great. What is the name of the GOP law firm currently filing lawsuits in Arizona to fix those issues? Tumbleweeds.

And they are boring tumbleweeds. A boring Trump is a losing Trump, and talking about 2020 won’t win is a single new voter, Conversely, the Democrats whining like little female doggies over the January 6th insignificant “insurrection” is their own losing tangent. Fix the problems, then talk about how Democrats suck. There’s your winning strategy.


We also need assurance that Trump has fixed his personnel problems. The fact that Ronna McDaniel is still around after botching the election integrity fight for him is unsettling. But the fact that, towards the end, he hired solid folks, including Mike Pompeo, is hopeful. It would be good to see Pompeo ask Trump in a debate why he didn’t fire Tony Fauci and Chris Wray – and for Trump to answer “I should have, and I learned that lesson. No slack during Trump 2.0!”

Oh, hell to the yeah!

Bringing up tough questions and having Trump address them is the most important reason we need a primary challenge, even one that’s relatively hopeless. We need Trump to confront his mistakes and assure us he’s learned is lessons. The guy accomplished amazing things even with the entire establishment against him and despite his self-inflicted wounds. We can’t assuage the establishment’s fury, but imagine what he will do with fewer own-goals. And imagine how angry the establishment hacks will be when he beats them again.

Trump is likely to triumph in the end, but he also needs to be circumspect. He could crush Pompeo like a bug if he wished, with the cutting invective that put the gooey likes of Jeb! away in 2016. But he’s not the outsider this time. Like it or not, Trump is the insider, the voice of the GOP base, and now he has to build the movement and reinforce party rather than just lay waste. He needs to thread the needle and prevail over Pompeo and any other non-Conservative, Inc., candidates without leaving them smoking craters. Save the nukes for the Liz Cheneys.

The fact is that 2024 is neither 2016 nor 2020. This third campaign needs to be different. So, if you want to see Trump win in 2024, bring on the challengers.

Terry McAuliffe Lies

 

Washington -- Several years ago, while perusing material for my favorite department of "The American Spectator," the Current Wisdom, I came across an obvious lie perpetrated by Terry McAuliffe, this season's Democratic candidate for governor of Virginia. It was a pretty bold lie, too, and he was quite proud of it as you will see.

The Current Wisdom is a department of "The American Spectator" that includes quotations that are obviously foolish but rarely out-and-out lies. This time the quote in question was an out-and-out lie. It was also quite foolish, but more to the point it was a lie, and it was perpetrated by the future governor of the great state of Virginia who now hopes to serve yet again. His opponent is Glenn Youngkin, and he better be on his toes with this Democratic opponent who seems to be getting desperate in his race with Youngkin.

On page 58 of his 2007 memoir, "What A Party! My Life Among Democrats: Presidents, Candidates, Donors, Activists, Alligators and Other Wild Animals," McAuliffe wrote that in past issues, "The American Spectator" published articles "alleging" that Bill Clinton "ordered the murder of political opponents." I very politely asked him during a chance encounter in the green room of MSNBC where I might find the errant quote or quotes. Which issue was it in? I then followed up with a letter to Terry. (And I think I might call him Terry. After all, he ended our correspondence calling me Bob.) Remember, I edit "The American Spectator," and if any of our aggressive young editors are pulling a fast one on me, I would want to know. Moreover, murder is a crime even in Arkansas.

By the way, there was another lie in my long-going correspondence with Terry. On July 11, 2007, he accused us at "The American Spectator" of taking "under-the-table money from an ultraconservative named Richard Mellon Scaife and used it to send reporters out to do just enough digging to give the veneer of truth to wild, unfounded charges." What nonsense! Seth Lipsky, the founder and editor of the "New York Sun," has called "The American Spectator" probably the most thoroughly investigated magazine in the country (thanks to Terry's friends, the Clintons), and we were never investigated for taking money "under the table," or for that matter, murder. He then prattled on about his "homeland of Ireland." Actually, he was born in Syracuse, and he assumed the posture of a schoolmarm in lecturing me on the stylistic elements of a paragraph. In as much as I doubt he even wrote his memoirs, I would not go into such issues of grammar with me.

For that matter, concerning the outcome of our investigation with the federal government and Bill's outcome with his investigation with the federal government, I would caution Terry to follow another course. At the Spectator, we at least ended the investigation hearing the word "exoneration" directed at us. That was a word that the Clintons have never heard directed at them, and Bill ended up paying tens of thousands of dollars in fines. He had his law license suspended for five years, and he was impeached before the Senate let him off the hook.


But back to Terry. Why would a public figure lie about a matter so easily verified? "The American Spectator" is a magazine easily accessed in many public libraries, starting with the Library of Congress. Anyone seeking to verify what we have said about Bill or Hillary merely has to go to a local library and look up our back issues. In fact, we provide a yearly index at the back of every bound issue. Moreover, if we suggested a public figure of Bill Clinton's stature was ordering murders, I am sure there would be hell to pay. I would think the Secret Service would have paid me a visit long ago. As I said before, Terry McAuliffe has obviously lied, but why would he tell such a whopper?

I think it is because Democrats such as Terry lie all the time. They trade in a regular discourse of lies, and their supporters are used to it. They probably believe his lies. So, Glenn Youngkin had best get used to Terry's lying. I would suggest that every time Terry tells a lie, Youngkin responds with, "There you go again." That line has a familiar ring to it, no?