Buy American - Those racist Republicans: https://www.youtube.com/embed/
Historically Republicans owned the Civil Rights Issue but they fell asleep and allowed the hypocrites across the aisle to steal their show. Republicans cannot coalesce even if it means saving their own skins.
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The definition of pathetic: ://videos.whatfinger.com/
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“Welcome To CHAZ” Tourism Video Goes Viral
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My liberal friends only think linearly, in one direction. Thus, when I criticize Bolton they immediately think I am unable to believe anything Bolton had to say and Trump can do no wrong.
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My liberal friends only think linearly, in one direction. Thus, when I criticize Bolton they immediately think I am unable to believe anything Bolton had to say and Trump can do no wrong.
The Confessions of John Bolton
It’s quaint, we know, but whatever happened to honor in public
By The Editorial Board
On the matter of John Bolton’s book, it’s hard to tell who looks worse: the former national security adviser for writing it while President Trump is still in office, his lifelong political opponents who now hail Mr. Bolton as a truth teller, or the President of the United States as depicted in the book.
Mr. Bolton has been a frequent Journal contributor across his long public life, and he’s a defender of American interests. We have gone to the barricades on his behalf more than a few times. His account of Mr. Trump’s private words and actions sounds right because the President often says similar things in public. As far as we know, Mr. Bolton has never lied to us.
Yet, we also have to wonder what happened to honor in public service. Presidents should have some expectation that their advisers will wait until they kiss and tell, especially about their private conversations with foreign leaders. It used to be that advisers wouldn’t write about the Presidents they served until they had left office.
These days too many advisers bid for fame the minute they leave the White House, and Mr. Bolton has managed to do so in the middle of a re-election campaign. Mr. Trump didn’t treat him well, but the President treats few people well beyond his immediate family. Mr. Bolton certainly knew what to expect when he accepted the job.
Even if his motivation in publishing his book now is to block Mr. Trump’s re-election, there’s no reason for Mr. Bolton to disclose private comments by Secretary of State Mike Pompeo. All he’s doing is undermining Mr. Pompeo’s ability to influence Mr. Trump away from bad policy mistakes. Mr. Bolton’s book is a blot on his distinguished career, and the contents will not help his country no matter who wins the November election.
Even worse are the Democrats and media who now hail Mr. Bolton’s book as holy writ after spending decades fighting everything he stands for. Joe Biden was among the Senate Democrats who filibustered Mr. Bolton’s nomination to be U.S. Ambassador to the United Nations in 2005 for no reason but partisan spite. Yet on Wednesday Mr. Biden issued a statement endorsing Mr. Bolton’s version of events without caveat.
As for Mr. Trump, the book’s excerpts carry no real surprises. The details are depressing against the standards one expects from a President. But voters know Mr. Trump has little tact, is untutored in foreign affairs, operates on personal instincts more than any guiding principles, and looks at nearly everything almost entirely through the prism of what is good for him.
Mr. Trump is hardly unique in gearing policy to his re-election. Recall Barack Obama’s “the tide of war is receding” in 2012 even as Islamic State mobilized. But it is still cringe-worthy to learn that Mr. Trump wrote his defense of U.S.-Saudi ties after Jamal Khashoggi’s murder to deflect from his daughter Ivanka’s troubles. And it’s revolting if Mr. Bolton is right that Mr. Trump gave Xi Jinping a moral blank check to hold a million Uighurs in concentration camps.
Voters can add all this to everything else they’ve learned in three and a half years as they decide whether to give Mr. Trump four more in the Oval Office. His character flaws and their considerable risks for a second term will be measured against Mr. Biden’s ebbing vigor and his increasing deference to the Democratic Party’s Jacobin left. As Winston Churchill said, democracy is the worst form of government except for all the others.
My hero, Tom Sowell, calls attention to liberal hypocrisy whose children have choice, charter school opportunities but they deny the same to blacks whose welfare they profess to care about.
Charter Schools’ Enemies Block Black Success
Teachers unions are gaining in their fight to stop students and resources from moving toward what works. By Thomas Sowell
For decades, there has been widespread anxiety over how, when or whether the educational test score gap between white and non-white youngsters could be closed. But that gap has already been closed by the Success Academy charter school network in New York City.
Their predominantly black and Hispanic students already pass tests in mathematics and English at a higher rate than any school district in the entire state. That includes predominantly white and Asian school districts where parental income is some multiple of what it is among Success Academy students.
New York’s charter school students are predominantly black and Hispanic, and live in low-income neighborhoods. In 2019, most students in the city’s public schools failed to pass the statewide tests in mathematics and English. But most of the city’s charter school students passed in both subjects.
Such charter school results undermine theories of genetic determinism, claims of cultural bias in the tests and assertions that racial “integration” is necessary for blacks to reach educational parity with whites.
Back In 2013, a higher percentage of the fifth-graders in a Harlem charter school passed the mathematics test than any other public school fifth-graders in the entire state of New York.
The success of New York City’s charter schools is not only a threat to educational dogmas. Competition from charter schools is an existential threat to traditional public schools in low-income minority communities, which tend to have even lower educational outcomes than traditional public schools as a whole.
In a number of low-income minority communities in New York City, charter school classes and classes in traditional public schools are held in the same buildings, serving the same communities. Some of the contrasts are almost unbelievable.
In 28 classes in these buildings, fewer than 10% of the students reached the “proficient” level on statewide tests. All 28 classes were in traditional public schools. All charter school classes at the same grade levels in the same buildings did better—including six grade levels where the charter school majorities reaching the “proficient” level ranged from 81% to 100%.
Not all charter schools succeed and not all traditional public schools fail. But, by and large, in New York City the hard data in my new book, “Charter Schools and Their Enemies,” show most charter schools doing decisively better than the traditional public schools housed in the same buildings with them.
Although New York’s charter schools usually come out ahead in comparisons based on data, traditional public schools often come out ahead in comparisons based on rhetoric.
One piece of rhetoric that seems plausible on the surface is that charter schools “skim the cream” of students, leaving the public schools worse off. But this ignores the fact that admission to New York City charter schools is by lottery—that is, by luck—and not by students’ academic records or test results.
No doubt more motivated students are more likely to apply to charter schools. But only a fraction of those who enter the admissions lotteries win. This means that the majority of those motivated students remain in traditional public schools. The fraction that go into charter schools do not prevent traditional public schools from properly educating the much larger number who remain. If traditional public schools fail to do so, that is their own responsibility, and cannot be blamed on charter schools.
Teachers unions and traditional public school administrators have every reason to fear charter schools. In 2019 there were more than 50,000 New York City students on waiting lists to transfer into charter schools.
If that many students were allowed to transfer, in a city where expenditures per pupil are more than $20,000 a year, the result would be that more than a billion dollars a year would transfer with them to charter schools.
That would be a lot of money for traditional public schools to lose and a lot of jobs to lose. Among the ways of blocking students from transferring into charter schools is preventing charter schools from getting enough classrooms to put them in.
One way to do that is to put an arbitrary limit on the number of charter schools allowed—regardless of whether these charter schools are good, bad or indifferent. Most states have such laws, though the only purpose these laws serve is to impede the exodus of students from traditional public schools.
In cities across the country, public school officials are blocking charter schools from using school buildings that have been vacant for years to prevent transfers into charter schools from taking place.
Even in states where blocking charter schools from using vacant school buildings is illegal, these laws have been evaded. In some places, vacant school buildings have been demolished, making sure no charter schools can use them.
These and other anti-charter-school tactics by public school officials, politicians and teachers unions call into question pious statements by them that what they are doing is “for the sake of the children.” But actions speak louder than words—and their actions show repeatedly that protecting their own turf from the competition of charter schools is their top priority.
Only the voters, who hold the ultimate power in a democracy, can stop politicians, bureaucrats and teachers unions from sacrificing the education of children to the vested interests of adults who run the schools. The stakes are very high for children whose education is their best hope for a better life.
Mr. Sowell is a senior fellow at Stanford University’s Hoover Institution. His book “Charter Schools and Their Enemies” will be published June 30.
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Seen. Cruz responds to Chief Justice Roberts: https://townhall.com/tipsheet/
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Justice Thomas upset with SCOTUS decision: https://pjmedia.com/news-and-p
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Finally:
This sent to me by a long time friend.
It is no wonder these people want to impeach Trump. They know he is going to get them all if he gets re-elected.
Here's what it looks like when all the pieces are sewn together. It smells like conspiracy and treason.
From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had been impaneled.
Governments from around the world had donated to the “Charity.” Yet, from 2001 to 2003 none of those “Donations” to the Clinton Foundation were declared.
Hmmm, now you would think that an honest investigator would be able to figure this out. Guess who took over this investigation in 2002? None other than James Comey. Guess who was transferred in to the Internal Revenue Service to run the Tax Exemption Branch of the IRS? Your friend and mine, Lois “Be on The Look Out” (BOLO) Lerner.
It gets better, well not really, but this is all just a series of strange coincidences, right? Guess who ran the Tax Division inside the Department of Injustice from 2001 to 2005? None other than the Assistant Attorney General of the United States, Rod Rosenstein. Guess who was the Director of the Federal Bureau of Investigation during this time frame? I know, it’s a miracle, just a coincidence, just an anomaly in statistics and chances, but it was Robert Mueller.
What do all four casting characters have in common?
They all were briefed and/or were front line investigators into the Clinton Foundation Investigation. Now that’s just a coincidence, right? Ok, lets chalk the last one up to mere chance.
Fast forward to 2009..... James Comey leaves the Justice Department to go and cash-in at Lockheed Martin. Hillary Clinton is running the State Department, on her own personal email server, by the way.
The Uranium One “issue” comes to the attention of Hillary. Like all good public servants do. You know - looking out for America ’s best interests. She decides to support the decision and approves the sale of 20% of all of the US 's Uranium to none other than -- the Russians.
Now, you might think that this was a fairly straight-up deal, except that it wasn’t: The American People got absolutely nothing out of it.
And they investigated president Trump for "collusion."
However, prior to the sales approval, Bill Clinton traveled to Moscow, got paid 500K for a one hour speech, and then met with Vladimir Putin at his home for a few hours. Ok, no big deal right?
Well, not so fast: the FBI had a mole inside the money laundering and bribery scheme. Guess who was the FBI Director during this time? Yep, Robert Mueller, who even delivered a Uranium Sample to Moscow in 2009. Guess who was handling that case within the Justice Department out of the US Attorney’s Office in Maryland? None other than, Rod Rosenstein.
Guess what happened to the informant? The Department of Justice placed a GAG order on him and threatened to lock him up if he spoke out about it.
How does 20% of the most strategic asset of the United States of America end up in Russian hands when the FBI has an informant, a mole, providing inside information to the FBI on the criminal enterprise. Guess what happened soon after the sale was approved? ~145 million dollars in “donations” made their way into the Clinton Foundation from entities directly connected to the Uranium One deal. Now guess who was still at the Internal Revenue Service working the Charitable Division? None other than, Lois Lerner. Ok, that’s all just another series of coincidences. Nothing to see here, right?
Let’s fast forward to 2015.
Due to a series of tragic events in Benghazi and after the 9 “investigations” the House, Senate and at State Department, Trey Gowdy who was running the 10th investigation as Chairman of the Select Committee on Benghazi discovers that The Hillary ran the State Department on an unclassified, unauthorized, outlaw personal email server.
He also discovered that none of those emails had been turned over when she departed her “Public Service” as Secretary of State which was required by law. He also discovered that there was Top Secret information contained within her personally archived email. (Let's not forget - at least 10 CIA spies in China were killed by the Chinese because of the leaks, and God knows what else occurred. )
Sparing you the State Departments cover up, the nostrums they floated, the delay tactics that were employed and the outright lies that were spewed forth from the necks of the Kerry State Department, we shall leave it with this…… they did everything humanly possible to cover for Hillary.
Now this is amazing: guess who became FBI Director in 2013? Hint: he secured 17 no-bid contracts for his employer (Lockheed Martin) with the State Department and was rewarded with a six million dollar thank you present when he departed Lockheed. None other than James Comey.
Amazing how all those no-bids just went right through at State, huh? So he's the FBI Director in charge of the “ Clinton Email Investigation” after, of course, his FBI Investigates the Lois Lerner “Matter” at the Internal Revenue Service and exonerates her. Nope...we couldn’t find any crimes there.
So what happened next?
In April 2016, James Comey drafts an exoneration letter of Hillary Rodham Clinton -- something he had no authority to do. Meanwhile the DOJ is handing out immunity deals like candy. They didn’t even convene a Grand Jury.
Like a lightning bolt of statistical impossibility, like a miracle from God himself, like the true “Gangsta” that Comey is, he steps out, faces the cameras of an awaiting press conference on July the 5th of 2016, and exonerates Hillary from any wrongdoing.
Can you see the pattern?
It goes on and on. Rosenstein becomes Asst. Attorney General; Comey gets fired based upon a letter by Rosenstein; Comey leaks government information to the press; Mueller is assigned to the Russian Investigation sham by Rosenstein to provide cover for decades of malfeasance within the FBI and DOJ.
Ah but the story continues.
FISA Abuse, political espionage.... pick a crime, any crime, chances are...... this group and a few others did it, bringing new meaning to the term "organized crime."
All the same players. All compromised and conflicted. All working fervently to NOT go to jail themselves. All connected in one way or another to the Clinton's . They are like battery acid, they corrode and corrupt everything they touch.
How many lives have the two Clinton's destroyed?
As of this writing, the Clinton Foundation, in its 20+ years of operation of being the largest International Charity Fraud in the history of mankind, has never been audited by the Internal Revenue Service .
Let us not forget that Comey's brother works for DLA Piper, the law firm that does the Clinton Foundation's taxes. And the person that is the common denominator to all the crimes above while doing her evil escape legal maneuvers at the top of the 3 Letter USA Agencies? Yep, that would be Hillary R. Clinton!
NOW WHO IS LISA BARSOOMIAN?
Let’s look a little into Mrs. Lisa H. Barsoomian’s background.
Lisa H. Barsoomian, a US Attorney who graduated from Georgetown Law, is a protege of James Comey and Robert Mueller. Barsoomian, with her boss, R. Craig Lawrence, represented Bill Clinton in 1998. Lawrence also represented: Robert Mueller three times; James Comey five times; Barack Obama 45 times; Kathleen Sebelius 56 times; Bill Clinton 40 times; and Hillary Clinton 17 times. Between 1998 and 2017, Barsoomian herself represented the FBI at least five times.
You may be saying to yourself, OK, who cares? Who cares about the work history of this Barsoomian woman?
Apparently someone does, because someone out there cares so much that they’ve “purged” all Barsoomian court documents for her Clinton representation in Hamburg vs. Clinton in 1998 and its appeal in 1999 from the DC District and Appeals Court dockets (?).
Someone out there cares so much that the internet has been “purged” of all information pertaining to Barsoomian.
Historically, this indicates that the individual is a protected CIA operative. Additionally, Lisa Barsoomian has specialized in opposing
Freedom of Information Act requests on behalf of the intelligence community. And, although Barsoomian has been involved in hundreds of cases representing the DC Office of the US Attorney, her email address is Lisa Barsoomian at NIH gov. The NIH stands for National Institute of Health
This is a tactic routinely used by the CIA to protect an operative by using another government organization to shield their activities. It’s a cover, so big deal, right? I mean what does one more attorney with ties to the US intelligence community really matter? It deals with Trump and his recent tariffs on Chinese steel and um imports, the border wall, DACA, everything coming out of California, the Uni-party unrelenting opposition to President Trump, the Clapper leaks, the Comey leaks, Attorney General Jeff Sessions recusal and a subsequent 14 month nap with occasional forays into the marijuana legalization mix …. and last but not least Mueller’s never-ending investigation into collusion between the Trump team and the Russians.
Why does Barsoomian, CIA operative, merit any mention? BECAUSE … She is Assistant Attorney General Rod Rosenstein’s WIFE …That’s why!
Jaw dropping, shocking and extremely sad that this info has never been exposed.
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Another Rant:
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Seen. Cruz responds to Chief Justice Roberts: https://townhall.com/tipsheet/
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Justice Thomas upset with SCOTUS decision: https://pjmedia.com/news-and-p
+++++++++++++++++++++++++++++++++++++++++++++++++
Finally:
This sent to me by a long time friend.
It is no wonder these people want to impeach Trump. They know he is going to get them all if he gets re-elected.
Here's what it looks like when all the pieces are sewn together. It smells like conspiracy and treason.
From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had been impaneled.
Governments from around the world had donated to the “Charity.” Yet, from 2001 to 2003 none of those “Donations” to the Clinton Foundation were declared.
Hmmm, now you would think that an honest investigator would be able to figure this out. Guess who took over this investigation in 2002? None other than James Comey. Guess who was transferred in to the Internal Revenue Service to run the Tax Exemption Branch of the IRS? Your friend and mine, Lois “Be on The Look Out” (BOLO) Lerner.
It gets better, well not really, but this is all just a series of strange coincidences, right? Guess who ran the Tax Division inside the Department of Injustice from 2001 to 2005? None other than the Assistant Attorney General of the United States, Rod Rosenstein. Guess who was the Director of the Federal Bureau of Investigation during this time frame? I know, it’s a miracle, just a coincidence, just an anomaly in statistics and chances, but it was Robert Mueller.
What do all four casting characters have in common?
They all were briefed and/or were front line investigators into the Clinton Foundation Investigation. Now that’s just a coincidence, right? Ok, lets chalk the last one up to mere chance.
Fast forward to 2009..... James Comey leaves the Justice Department to go and cash-in at Lockheed Martin. Hillary Clinton is running the State Department, on her own personal email server, by the way.
The Uranium One “issue” comes to the attention of Hillary. Like all good public servants do. You know - looking out for America ’s best interests. She decides to support the decision and approves the sale of 20% of all of the US 's Uranium to none other than -- the Russians.
Now, you might think that this was a fairly straight-up deal, except that it wasn’t: The American People got absolutely nothing out of it.
And they investigated president Trump for "collusion."
However, prior to the sales approval, Bill Clinton traveled to Moscow, got paid 500K for a one hour speech, and then met with Vladimir Putin at his home for a few hours. Ok, no big deal right?
Well, not so fast: the FBI had a mole inside the money laundering and bribery scheme. Guess who was the FBI Director during this time? Yep, Robert Mueller, who even delivered a Uranium Sample to Moscow in 2009. Guess who was handling that case within the Justice Department out of the US Attorney’s Office in Maryland? None other than, Rod Rosenstein.
Guess what happened to the informant? The Department of Justice placed a GAG order on him and threatened to lock him up if he spoke out about it.
How does 20% of the most strategic asset of the United States of America end up in Russian hands when the FBI has an informant, a mole, providing inside information to the FBI on the criminal enterprise. Guess what happened soon after the sale was approved? ~145 million dollars in “donations” made their way into the Clinton Foundation from entities directly connected to the Uranium One deal. Now guess who was still at the Internal Revenue Service working the Charitable Division? None other than, Lois Lerner. Ok, that’s all just another series of coincidences. Nothing to see here, right?
Let’s fast forward to 2015.
Due to a series of tragic events in Benghazi and after the 9 “investigations” the House, Senate and at State Department, Trey Gowdy who was running the 10th investigation as Chairman of the Select Committee on Benghazi discovers that The Hillary ran the State Department on an unclassified, unauthorized, outlaw personal email server.
He also discovered that none of those emails had been turned over when she departed her “Public Service” as Secretary of State which was required by law. He also discovered that there was Top Secret information contained within her personally archived email. (Let's not forget - at least 10 CIA spies in China were killed by the Chinese because of the leaks, and God knows what else occurred. )
Sparing you the State Departments cover up, the nostrums they floated, the delay tactics that were employed and the outright lies that were spewed forth from the necks of the Kerry State Department, we shall leave it with this…… they did everything humanly possible to cover for Hillary.
Now this is amazing: guess who became FBI Director in 2013? Hint: he secured 17 no-bid contracts for his employer (Lockheed Martin) with the State Department and was rewarded with a six million dollar thank you present when he departed Lockheed. None other than James Comey.
Amazing how all those no-bids just went right through at State, huh? So he's the FBI Director in charge of the “ Clinton Email Investigation” after, of course, his FBI Investigates the Lois Lerner “Matter” at the Internal Revenue Service and exonerates her. Nope...we couldn’t find any crimes there.
So what happened next?
In April 2016, James Comey drafts an exoneration letter of Hillary Rodham Clinton -- something he had no authority to do. Meanwhile the DOJ is handing out immunity deals like candy. They didn’t even convene a Grand Jury.
Like a lightning bolt of statistical impossibility, like a miracle from God himself, like the true “Gangsta” that Comey is, he steps out, faces the cameras of an awaiting press conference on July the 5th of 2016, and exonerates Hillary from any wrongdoing.
Can you see the pattern?
It goes on and on. Rosenstein becomes Asst. Attorney General; Comey gets fired based upon a letter by Rosenstein; Comey leaks government information to the press; Mueller is assigned to the Russian Investigation sham by Rosenstein to provide cover for decades of malfeasance within the FBI and DOJ.
Ah but the story continues.
FISA Abuse, political espionage.... pick a crime, any crime, chances are...... this group and a few others did it, bringing new meaning to the term "organized crime."
All the same players. All compromised and conflicted. All working fervently to NOT go to jail themselves. All connected in one way or another to the Clinton's . They are like battery acid, they corrode and corrupt everything they touch.
How many lives have the two Clinton's destroyed?
As of this writing, the Clinton Foundation, in its 20+ years of operation of being the largest International Charity Fraud in the history of mankind, has never been audited by the Internal Revenue Service .
Let us not forget that Comey's brother works for DLA Piper, the law firm that does the Clinton Foundation's taxes. And the person that is the common denominator to all the crimes above while doing her evil escape legal maneuvers at the top of the 3 Letter USA Agencies? Yep, that would be Hillary R. Clinton!
NOW WHO IS LISA BARSOOMIAN?
Let’s look a little into Mrs. Lisa H. Barsoomian’s background.
Lisa H. Barsoomian, a US Attorney who graduated from Georgetown Law, is a protege of James Comey and Robert Mueller. Barsoomian, with her boss, R. Craig Lawrence, represented Bill Clinton in 1998. Lawrence also represented: Robert Mueller three times; James Comey five times; Barack Obama 45 times; Kathleen Sebelius 56 times; Bill Clinton 40 times; and Hillary Clinton 17 times. Between 1998 and 2017, Barsoomian herself represented the FBI at least five times.
You may be saying to yourself, OK, who cares? Who cares about the work history of this Barsoomian woman?
Apparently someone does, because someone out there cares so much that they’ve “purged” all Barsoomian court documents for her Clinton representation in Hamburg vs. Clinton in 1998 and its appeal in 1999 from the DC District and Appeals Court dockets (?).
Someone out there cares so much that the internet has been “purged” of all information pertaining to Barsoomian.
Historically, this indicates that the individual is a protected CIA operative. Additionally, Lisa Barsoomian has specialized in opposing
Freedom of Information Act requests on behalf of the intelligence community. And, although Barsoomian has been involved in hundreds of cases representing the DC Office of the US Attorney, her email address is Lisa Barsoomian at NIH gov. The NIH stands for National Institute of Health
This is a tactic routinely used by the CIA to protect an operative by using another government organization to shield their activities. It’s a cover, so big deal, right? I mean what does one more attorney with ties to the US intelligence community really matter? It deals with Trump and his recent tariffs on Chinese steel and um imports, the border wall, DACA, everything coming out of California, the Uni-party unrelenting opposition to President Trump, the Clapper leaks, the Comey leaks, Attorney General Jeff Sessions recusal and a subsequent 14 month nap with occasional forays into the marijuana legalization mix …. and last but not least Mueller’s never-ending investigation into collusion between the Trump team and the Russians.
Why does Barsoomian, CIA operative, merit any mention? BECAUSE … She is Assistant Attorney General Rod Rosenstein’s WIFE …That’s why!
Jaw dropping, shocking and extremely sad that this info has never been exposed.
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Another Rant:
The Fed continues to rule the markets, and volatility remains, and will do so for quite a while. The right portfolio of US equities is still the best bet for risk reward returns. Nasdaq continues up. The bond market has settled down to almost normal now, except for the CMBS, CLO, markets. Corporations continue to issue major amounts of bonds to take advantage of historic low rates. The area of risk is some insurance companies and banks have been loading up on CLO paper, and that is generally lower quality companies. The banks generally buy the AAA, AA rated bonds in a CLO, but they and some insurers also have BBB in their portfolio. There will be some defaults and losses at the lower rated bonds, but we do not know which institution has what bonds in its portfolio to see if any could be in trouble if there are a lot of defaults. Some analysts believe the risk is high for some insurers and banks, but that assumes a slow recovery and a lot of companies defaulting. I think the default rate in the end will not be so bad as to create another financial crisis, and if things get touchy, the Fed will step in. So while CLO’s represent real risk, and some institutions never learned, I don’t buy the forecast of a new financial crisis due to CLO defaults.
The important thing is to get the rest of the country reopened as fast as safely possible despite some surges in cases. While there are some surges in some states, if you pay attention, and ignore the scare headlines, they have quickly determined the source in each case, and it is not yet widespread across any of the states. In addition, you need to look at hospitalizations, not cases. Cases are way up due to over 500,000 people getting tested every day. Only a small number are infected, and only a tiny number go to the hospital. Arizona seems to have a problem now, but they are on top of it. Same in FL and TX. Don’t let the press scare you again. I have a number of friends here in the Hamptons who will not play tennis out of fear. In Longboat we never stopped playing and nobody adhered to the rules about masks, and two sets of balls. Result-not one new case in twelve weeks. The CDC says it is extremely low risk to be around other people outdoors. Fear is a big problem. We are never going back to any sort of major lockdowns except in MI where the governor is an idiot, and a slow reopen in NYC, and a few other hotspots Most everyone, other than the MI governor, seems to have figured out that the total lockdown was a disaster and unnecessary. They could have done it much better by area, and by demographic group. Most experts now see that the total lockdown caused severe economic and mental health damage well beyond what the virus caused. The reality in the vast majority of cases is infected people died a little sooner than they otherwise would have from all the other illness they already had. The trade of some people in nursing homes dying sooner vs tens of thousands of lives destroyed by the shutdown was not a good trade. That may sound cold and heartless, but as data becomes available the cost in lives of people who did not get to see a doctor for other things, had mental issues, a messy divorce, or lost their life savings in the shut down business, or the riots that followed, was a lot worse than the deaths from the virus in nursing homes.
Just judging from May retail sales, and anecdotally from what I observed in fully packed parking lots at shopping centers my way driving north, consumers do have money to spend, and they did not spend it all on Amazon or Walmart online stores. We need to see the June numbers to really know as they will reflect partial openings, and by July we will get the first real spend numbers as everything will be reopened. The biggest issue right now seems to me to be that too many people are afraid to go to the store or out to play tennis or golf. The research is pretty clear now. You are not going to get the virus playing tennis or golf or going to the beach. We need to get baseball back, and let the sports bars reopen.
Mortgage forbearance has been declining for three weeks except for those with private lenders who often loan to people who work for themselves or similar situations. As people go back to work and as they realize the just blew their credit by asking for forbearance, the numbers are declining. 6.8% of agency mortgages are in forbearance, while FHA and VA is 12%. No surprise since FHA and VA are lower credit borrowers.
Charging the cop in Atlanta immediately, before a complete investigation, or even at all, is a travesty brought on by racial politics and not justice. The DA is in a tough primary. The cop is expendable to the mayor and DA. The press and the protestors still shout, hands up don’t shoot, even though an extensive investigation by 40 FBI agents exonerated the cop in Ferguson, and confirmed that Michael Brown tried to get the cop’s gun to shoot the cop. Remind you of Atlanta last week! The left and the press don’t let the facts get in the way of a good slogan. As I have mentioned before, I have taken part in several arrests of perps violently resisting arrest. In one case, I stopped a guy from stabbing the cop in the eye with a pen. Until you have actually been in one of those situations, you are in no position to make any comment. They are violent, very fast moving, and very dangerous to the cops. The adrenalin is raging. There is only a second or two, or less, to determine what to do next when someone fires a weapon at you. In this case, the guy very violently resisted, he gave one cop a concussion, he stole the cop’s taser weapon, and fired it at him from close range. Tasers have killed people, so they can be deadly weapons. If that taser shot had hit the cop, he would have been immobilized, and the other cop had a concussion. What would you have done. It is easy to sit in front of your TV and opine that the cop should not have shot him, but you were not there, and you never were faced with that spilt second decision of being shot at. When you try to restrain a violent perp, you do not know if he has a gun or knife. You have to be rough in some of these situations to gain control, or you could be dead in seconds. You cannot let him run off with a weapon after he attacked and tried to kill the cops. To suggest so is ignorant. The guy presented to be a real danger to the cops, and maybe others in the parking lot. You do not let a guy like that who is armed with a Taser walk away. We are now already seeing a major rise in crime in cities. Why will any cop take any risk. I can’t imagine how cities are going to recruit enough cops from now on. We have rapidly rising crime and so they want to cut police budgets and charge them with crimes for doing their job. The lunatics have gotten control of the asylum. I feel like I am in some surreal world. The BLM is happy to have cops defunded so they can perpetrate crimes and control areas of cites like in Seattle. This is going to end very badly, especially if the Dems get control in DC.
Now NYC passed a law that requires NYPD to fully disclose all their surveillance techniques. Why don’t we just invite drug dealers, and terrorists to meetings at the NYPD so we are sure they fully understand all police techniques for tracking them so they can thwart their use. The left have lost their minds. This is more campus ideology-cops are bad and all surveillance is bad. NY is in for a real major crime wave, and then these same idiots will blame the cops. I plan to try to sell my coop now.
Meantime DeBozzo has done all he can to try to prevent black kids from going to charter schools to improve their education and their lives. He and the union have done far more damage to black kids than bad cops ever could. Do we hear, defund teachers unions. Fix the bad schools and fire the bad teachers. No- that would mean going against the teachers union which is critical to the reelection of Dems who run cities and cater to the teachers union. Why aren’t the protestors and rioters demanding to improve education instead of burning down super markets and drug stores in poor areas making it nearly impossible for poor blacks to get good food and meds they need to maintain good health. But you do not understand -it is racism run rampant among doctors that is the problem.
The Seattle mayor and the governor seem to think the cordoned off area is going to be “love for the summer”. It is already crime and intimidation in the area. Just like Occupy Wall St turned into a free crime area, and when so many women got raped, and so much disease spread, it was out of control, then Bloomberg finally let the cops end it. Seattle seems not to understand the ramifications of letting this go on, and appeasing the thugs. Hard to believe, but Seattle is now worse than Portland, which had become a free crime and homeless area. The left politicians are really uneducated fools not bothering to learn from history in NYC. If Biden and the Dems take over this sort of thing will become the norm, and crime across the country will be like NYC in the 70’s.
On campuses around the country they now have seminars on how to have kinky sex and related topics. Then they follow that with rules about sex has to be consensual each step of the way. They even have whole departments and deans who have staffs in charge of sex matters. How bizarre. and you wonder why tuition is out of control. What happened to good old have sex and enjoy yourself without the campus sex patrol making sure there was consent. Just some idea of what goes on today on campus. They teach all sorts of sex acts to try, but just do not try any unless you get formal “consent” while you and she maybe had a drink, and maybe the girl wants to try what they just taught her.
The India China border dispute is now very serious with 20 or more deaths on both sides. That is not just a slight skirmish. India has now got the message about China, and will be moving much closer to the US to get arms and protection. This is a major geopolitical shift that is not good for China. In the past couple of weeks Chinese military has attacked India, fishing boats in the S China Sea, challenged US patrol aircraft and ships, and held training that looks like preparation for attacking Taiwan. Experts believe Xi is trying to stir up foreign issues to deflect from internal problems in the economy, and with Corona, and millions of dead hogs. This is getting dangerous now. The more China does not get its way due to US pushback, and now India fighting back, the more dangerous XI becomes. We need to be very aware of what the Chinese are doing as this could blow up into a messy situation quickly. Interestingly China has now agreed to buy more commodities from the US despite the tensions. Maybe they need these things to feed their population, or maybe they want to try to appease Trump. Either way it is good for US farmers.
The EU is now in internal negotiation on a huge economic bailout financial package. It will be interesting to see what the northern countries agree to since it will be mostly their money baling out the southern irresponsible countries like Italy and Spain. This may not end well, but we will see.
You may not be aware but BLM is a very anti-Semitic group, but you will never hear from the media that they defaced several synagogues in LA last two weeks. BLM is a hate group posing as a racial movement. The kiddies off from college are unaware, or they just follow along like the mice in the Pied Piper, just as they do when in school. They get swept up in the rhetoric they are taught in school, and have no real idea of history, or how they are being used and manipulated. Who in their right mind wants fewer cops other than criminals. There is endless history, already playing out, that when you restrain the cops and attack them, as many Dem mayors, governors and DC Dems do, the cops pull back. Why risk criminal charges for doing your job. The latest thing is the black docs are now claiming blacks have bad health due to racism by doctors and hospitals. This will mean many more blacks who are not qualified getting accepted to med school, and then being licensed. There is now a shadow doctor system in hospitals during rounds to make sure mistakes are avoided. There is no talk that maybe blacks do not eat healthy, don’t exercise enough, and do not go for check-ups, or screening. They have diabetes and high blood pressure because they do not follow good health practices. So they die out of proportion from Covid. Don’t blame the doctors for their poor health life style. Here is another situation where we are already sliding to the lowest common denominator so the quota is met. Nothing will change with black health if they do not take personal responsibility for creating their own healthy lifestyle. Of course they are demanding more of your money go to new programs since the last ones did not work either which is due to racism supposedly.
Now Klobachar has dropped ou09t so we can have a woman of color. This is how we pick the next president since it is clear Biden will not last for four years. 25th amendment. So now race is the test, not merit, not experience or policy, instead it is color of the skin and gender. This is what the left has sunk to. Just imagine if Trump said all his cabinet and senior picks had to be white men. The press would go berserk. But if Dem says woman of color, that is seen as a great achievement. Discrimination only goes in one direction now, but the press does not see the massive hypocrisy.
I get to communicate with lots of people from all over. It will not show up in polls, but there is a massive dislike now by ordinary white voters for all the pandering, and anti-cop rhetoric, and the constant press about cops needing reform. The silent majority is angry now, but will wait until November to show up. Just as in 2016, the polls do not catch any of this. They just say Republicans are all rural and evangelicals. No. They are lots of urban and wealthy, very well educated, and very successful people along with millions of other middle class and poor. They are even blacks. They are not deplorable, or racists. They never were racists, and are fed up being falsely accused. They believe in self- responsibility. They are tired of shelling out more hard earned money for another useless poverty program. They support the cops. They will vote in November. If you want a poll just look at how many hundreds of thousands are wanting to get into the rally. Look at how many campout. One day Biden will have to crawl out of his basement and answer unprepared questions with no teleprompter. That is what the Dems are so afraid of. The silent majority will rise up.
You wonder how we got here. It began in the early sixties when the cultural restrictions of the fifties got too much for college kids, and they broke loose. Then came birth control. Then came Vietnam and the anti-war movement, and universities teaching that they need to be anti-war. Thus we had the 1968 Dem convention riot, and the ghetto riots. Those people grew up and became professors, and politicians. They never grew up to be objective adults, and they retained this belief that they had to be liberals to be “in”. They eventually became media editors, and so eventually they controlled the press. Until now when the new kids demand the media only put forth what the radical left deems to be acceptable, and grown up editors are forced to resign. . The free press died two weeks ago. They raised their kids with this same political philosophy, and those kids went off to college to be indoctrinated by the students of the 1960’s who grew up and became professors. They elected Obama because that was the socially and racially guilt freeing thing to do, regardless of how unqualified he was and how left wing he was. College educated women were now having kids, and are in the suburbs, and have this university indoctrination. If you do not adhere, you get ostracized. Over time university professors became 95% left wing (independent polls show this) as a result of the grads of the sixties eventually taking over as professors and administrators. In UC schools, unless you can prove you have a record of “inclusion”, you do not even get considered for a professorship regardless of your academic accomplishments. And here we are with a generation of recent college grads indoctrinated from the day they set foot on campus. This is what I have been writing about and warning about for over two years. Now you see it in the streets, and in the media, and in pandering corporations, and with who is controlling social media. We now have a cultural civil war underway. November will be a historically critical election. If Biden and the Dems win control, we are in massively big trouble, and so is the rest of the world.
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