The Panicans are back, in full-throated doomsaying.
Have you heard, America is losing this military confrontation with Iran? That’s what the Panicans are selling and, a pathetic number of simpletons among the public and in the LameStream media are buying it, or simply feigning belief for political reasons.
Never mind that Iran missile and drone retribution attacks have dwindled about 90 percent in less than a week.
Never mind that anyone near the top of the Iranian pyramid of political power has been transported to the afterlife.
Never mind that Iranian expatriates around the world are celebrating in the streets and dancing a la President Trump to the YMCA song.
Never mind that Iran’s Arab neighbors are not reacting well to the flailing missile and drone incursions from Iran into their territory, presumably in search of Americans serving in those locales.
I mean this thing’s been going on about a week now. Another endless war!
Again, we’re losing! Can’t win! Hopeless cause! Drastic mistake!
I remember the pathetic Baghdad Bob from the 2003 invasion of Iraq, the Iraqi mouthpiece who insisted all American soldiers would die (they didn’t) and was denying any U.S. progress even as our troops were taking Baghdad outside Bob’s broadcast point.
We laughed at Baghdad Bob as a clueless buffoon, but he’s getting the last laugh. He has many, many domestic imitators these days, equally detached from reality.
The Panicans are afoot in financial media, too. The same discredited fools who said President Trump’s tariffs would send the world into full-blown financial panic and economic depression, that he would, “stop the motor of the world,” to borrow from the line of character John Gold in the book “Atlas Shrugged,” are back
It didn’t happen. It didn’t come close to happening.
These same purveyors of doom porn, far from being humbled, have shifted their focus to the Iran conflict which — see if this sounds familiar – they insist will result in full-blown financial panic, economic depression and World War III. I think some had World War III in their tariff doom, too.
Admittedly, crude oil prices are up big, and predatory providers of gasoline have rushed to raise pump prices immediately, despite, as we noted here the other day, the trip from being oil to gasoline is about a month-long process. So, the gasoline you are paying more for now, cost the provider a whole lot less.
Beyond that, stock and bond markets supposedly have been as bombed out as Tehran. But, if you check the major stock averages, they were down about 2, 3 or 4 percent this week, depending on which you index pick.
Interest rates rose, but not as much as the Panicans imply. The yield on a 10-year treasury bond is 4.138 percent. It was a bit below 4 percent in November 2025. A 30-year fixed mortgage has an interest rate of 6.17 percent today, up from 6.03 a week ago.
Crash? Collapse? Skyrocketing rates?
I don’t think so.
Dare I suggest this is being fueled by yet more Trump Derangement Syndrome?
The media, the Panicans, they can urinate on your head and tell you it’s raining. But, you don’t have to believe them.
Sam Ross Jr's site 