DEMS DONE WITH JOE… NYT: Should Biden Run in 2024? Democratic Whispers of ‘No’ Start to Rise. Interviews with nearly 50 Democratic officials, from county leaders to members of Congress, as well as with disappointed voters who backed Mr. Biden in 2020, reveal a party alarmed about Republicans’ rising strength and extraordinarily pessimistic about an immediate path forward. “To say our country was on the right track would flagrantly depart from reality,” said Steve Simeonidis, a Democratic National Committee member from Miami. Mr. Biden, he said, “should announce his intent not to seek re-election in ’24 right after the midterms.” […] “The presidency is a monstrously taxing job and the stark reality is the president would be closer to 90 than 80 at the end of a second term, and that would be a major issue,” said David Axelrod, the chief strategist for Barack Obama’s two winning presidential campaigns. […] Ann Hart, a Democratic Party co-chairwoman in Iowa’s Allamakee County, … [Read more...] about Editor Daily Rundown: Leftists Seek To ‘Blockade’ Supreme Court
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Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. He is the author and editor of 24 books, including, " The Presidency of Donald J. Trump: A First Historical Assessment ." Follow him on Twitter @julianzelizer . The views expressed in this commentary are his own. View more opinion on CNN. (CNN) President Joe Biden delivered a bold speech on Thursday night , calling for a ban on assault weapons and other gun policies, including strengthening background checks and enacting new "red flag" laws. "Enough, enough," he told the nation, urging Congress to take action after a slew of mass shootings rocked the country. "We can't fail the American people again." The speech comes at a difficult moment for Biden. The administration is facing multiple escalating crises, which are slowly undermining his leadership and political strength. There's the Russian war in Ukraine, inflation and stock market turbulence, mass … [Read more...] about Opinion: How Biden can avoid Carter’s one-term presidential fate
Share to Twitter Share to Linkedin Investing these days is really tough. Fortunately, economics-based financial planning offers clear ways to invest at risk while limiting or, indeed, eliminating your living standard downside. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. These are tough times for investors in risky assets. No matter the asset class, there’s a nightmare lurking. We hold cash and get wiped out by inflation. We buy stocks that immediately crash. Our bonds vaporize as Powell gets serious. We buy a new house just as the market peaks. We snap up bitcoin at the “bottom” and watch it crater. We buy foreign currencies and a global crisis strengthens the dollar. You get the picture. What’s driving us nuts is not fear of losing our money. It’s fear of losing our lunch. Our bottom line is our living standard — what we get to spend, now and down the road. As any … [Read more...] about This Is Not Your Grandfather’s (aka Wall Street’s) Investment Advice
(Representative image: AP Photo) Eduardo Rabuffetti is an Argentine who has been to the United States once, his 1999 honeymoon in Miami. Yet he probably knows the $100 bill better than most Americans. He says he can pick out a counterfeit by touch. He can tell you exactly what $100,000 looks like. (Ten half-inch stacks, small enough to hold in one hand.) And on numerous occasions, he has walked down the streets of Buenos Aires with tens of thousands of U.S. dollars tucked into his jacket. That is because Rabuffetti, a property developer who has built two office towers and a house here, bought the land for each of those buildings in $100 bills. “Here, if you don’t actually see the money, nobody signs anything,” he said. “After the number of crises we’ve been through, let’s just say you get used to it.” It is not just Rabuffetti. Nearly every big purchase in Argentina — land, houses, cars, expensive art — is done in tall stacks of U.S. currency. Close To save … [Read more...] about Think 9% inflation is bad? Try 90%.
THE DOLLAR’S DEMISE? … WSJ : Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia. The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said. The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year. EXAMINER : In blow to Biden, Saudi … [Read more...] about Editor Daily Rundown: Will Americans Face The Dollar’s Demise?
MORE PROOF GOVERNMENT LOCKDOWNS CRUSHED AMERICA… WSJ: Red States Are Winning the Post-Pandemic Economy The pandemic has changed the geography of the American economy. By many measures, red states—those that lean Republican—have recovered faster economically than Democratic-leaning blue ones, with workers and employers moving from the coasts to the middle of the country and Florida. Since February 2020, the month before the pandemic began, the share of all U.S. jobs located in red states has grown by more than half a percentage point, according to an analysis of Labor Department data by the Brookings Institution think tank. Red states have added 341,000 jobs over that time, while blue states were still short 1.3 million jobs as of May. Several major companies have recently announced moves of their headquarters from blue to red states. Hedge-fund company Citadel said recently it would move its headquarters from Chicago to Miami, and Caterpillar Inc. plans to move from … [Read more...] about Editor Daily Rundown: Dem Circular Firing Squad Surrounds Biden
BIDEN ADMIN FIGHTING TO SEIZE POWER OVER YOU, SAYS FAUCI… Fauci Admits Fight Over Travel Mask Mandate Is All About Hoarding Power (VIDEO) Dr. Anthony Fauci, the top medical adviser to the White House, admitted Wednesday that the battle over the Biden administration’s travel mask mandate is really about public health officials maintaining as much power as possible. President Joe Biden’s Department of Justice (DOJ) filed with a federal appeals court Tuesday against an April decision which overturned the public transportation and airplane mask mandate that the Centers for Disease Control and Prevention (CDC) had in place during the COVID-19 pandemic. District Judge Kathryn Kimball Mizelle ruled in April that the CDC was overstepping its legal authority by forcing Americans to wear a mask any time they travel. Fauci told Fox News’ Neil Cavuto that the Biden administration’s fight against that ruling wasn’t so much about the mandate itself, but conserving the power of the … [Read more...] about Editor Daily Rundown: Biden Admin Fighting To Seize Power Over You
JUNE DELIVERS DECENT JOBS REPORT, WHICH MEANS THE FED IS GOING TO TRY HARDER TO DESTROY THOSE JOBS TO FIGHT INFLATION… CNBC HEADLINE AT 9:06 AM… Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode Stock futures fell Friday after the July jobs report was much better than expected, showing a strong labor market that will likely mean more interest rate hikes from the Federal Reserve. Futures on the Dow Jones Industrial Average slipped 222 points or 0.68%. S&P 500 futures lost 1.05% and Nasdaq 100 futures shed 1.43%. The labor market added 528,000 jobs in July, easily beating a Dow Jones estimate of a 258,000 increase. The unemployment rate also ticked down to 3.5%, below the 3.6% estimate. Wage growth also ticked up more than estimated, up 0.5% for the month and 5.2% higher than a year ago, signaling that high inflation is likely still a problem. FLASHBACK… JUNE 13… WSJ: Higher Unemployment Rate Looms as the Fed Fights Inflation … [Read more...] about Editor Daily Rundown: EXCLUSIVE: Early Analysis Of June Jobs Numbers From EJ Antoni
DEM HANDWRINGING ACCELERATES… HILL : Democratic anxiety grows over Biden’s dismal polls Democrats are growing increasingly worried about President Biden’s standing in the polls seven months out from the midterm elections. Biden hasn’t seen a boost in his approval ratings amid Russia’s war in Ukraine despite support among Americans for the steps that he has taken. While the economy continues to gain jobs and the unemployment rate is low, something Biden touted on Friday, inflation is at a 40-year high and gas prices are through the roof, exacerbated by the Russian invasion. Democrats for months have feared they will lose the House majority this fall, and they are worried about losing the Senate, too, with polls showing Biden performing poorly in key states such as Arizona. “It’s bad,” said one Democratic strategist. “You have an energy crisis that’s paralyzing and inflation is at a 40-year high and we’re heading into a recession. The problem is simple. The American … [Read more...] about Editor Daily Rundown: Democrat Handwringing Accelerates Ahead Of Midterm Elections
SHOTS FIRED… REPORT : Bullet Found In Window Of Republican Office After AG Spoke Out About Right To Worship Virginia authorities launched an investigation Monday after a bullet was allegedly fired into the window of Republican Attorney General Jason Miyares’ office, according to The Daily Wire. “Capitol Police were called to the Barbara Johns Building at 7:13 p.m. Monday for a report of a bullet that may have been fired into the building from outside,” Public Information officer Joe Macenka told The Daily Wire. “Officers found a bullet in a sixth-floor office that also had a small round hole near the top of a window.” “Capitol Police are investigating the matter and have no further comment at this time,” Macenka reportedly said. Chief Deputy Attorney General Chuck Slemp first notified colleagues that “a single round from a firearm was shot into a window of the Barbara Johns Building,” according to an email reviewed by The Daily Wire. EARLY THIS AM, WAPO FINALLY GETS … [Read more...] about Editor Daily Rundown: Abortion Protests Heating Up