Amy will make a great Justice because she is a decent human being, very intelligent and anything Democrats hate must be worthy:
- Democrat Support For Amy Coney Barrett Rises By DOUBLE DIGITS As Election Looms
- And:
- Got to agree with Shapiro:
- Ben Shapiro Blasts President Trump, Saying It's On Him If He Loses To Biden
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"I have left orders to be awakened at any time in case of national emergency -- even if I'm in a Cabinet meeting."
"If one morning I walked on top of the water across the Potomac River, the headline that afternoon would read: 'President Can't Swim.'"
The taxpayers are sending congressmen on expensive trips abroad. It might be worth it except they keep coming back. -- Will Rogers
Some in Wall St believe the Moody analysis that all of that spending driven by
high taxes and huge deficits is a good thing because all that fiscal stimulus will
grow jobs and the economy. Normally fiscal spending grows an economy, but there
is no free lunch. The believers in Modern Monetary Theory that says due to ultra-
low rates the deficit does not matter, are just dead wrong. It matters because over
time rates will rise as a result of all the deficit spending, and then there is no way to
pay interest without reducing defense and infrastructure spending. While there
may be an uptick initially in stocks from a vaccine being available in January, and
from a new fiscal package from Congress of some sort this month, the reality of
high taxes creating lower corporate earnings by 9.2% per B of A, a $15 minimum
wage causing costs to rise a lot and margins to shrink, high taxes on dividends,
higher taxes on investors personal income, and much higher taxes on real estate
developers, does not seem to me the recipe for higher stock prices. Moody’s
agrees, and they are part author of the Biden plan. They say stock prices will not
rise much over ten years as a result. Commercial real estate, in Zandi’s view, and
mine, will suffer a lot from a Biden, Dem control. In the next week or two is time to
decide what to do. Trump completely blew it in debate one and there is no
Durham report or indictments, although the release of the classified docs this week
will help. Pence did well, and Harris did not come off well to many independent
voters, but it is likely not enough to change the damage Trump did in his debate. A
of big downers for corporate earnings and stock prices. Let’s see if Trump goes to
debate two and controls himself, and attacks Biden on policy in a coherent way. If
he acts like last time, he loses for sure. Obama had a bad first round, and then
completely recouped after round two. My finger remains on the trigger.
Despite the negative reporting by the media, the jobs report was actually
good. It just was not up to projections because the census ended, and there
were other layoffs by government employers, but keep in mind they increased
the numbers for July and August by 145,000. Private sector jobs actually did very
well per the ADP report. My projection of 7.5% unemployment in October is looking
very possible as much more of the country opens up. Wages were up 4.7%. There
are loads of jobs going unfilled. 30% of the unemployment is all in CA. A lot more
is in NYC due to the stupid actions of Cuomo and DeBozzo. Much of the rest of
the country is coming back well depending on the business they are in. Consumer
confidence is way up. Savings remain high, and companies report were it not for
the $300 extra of unemployment, they could hire more people. With the stall in
talks for a new subsidy program the boost to the economy will not be there, but
continued high savings rates, and ultra-low interest rates and gas prices. there will
be a good but not great base for spending in the holidays by those who are doing
well. It now all depends on the election results, and I no longer am feeling that
Trump will win. He blew it for himself. He may still win, but now it is very unlikely.
The debate next week will make all the difference.
Trump did what any good negotiator would do, he walked from the table, and
left Pelosi to bear the consequences. I just think he should have done it very
differently. He should have blamed Pelosi and in the same message then said he
is proposing the separate pieces for the airlines, PPP, and $1200 instead. It seems
she was still hung on the $600, even though there was ample evidence that held
down people returning to work. She also held out for a bailout of big Dem cities.
Although some studies claim the $600 had nil impact, I heard from numerous
business owners that it had a major impact. It likely was Pelosi’s goal to never have
a deal, and not let the economy heal. So now even the Fed said we need a deal,
but Pelosi will have to bear the responsibility for no deal since there was a deal
from Trump, and a deal from the bipartisan group of Congressmen on the table
that she rejected. The economy needed a deal, but she was more interested in
playing dangerous politics, and obviously figured Trump would fold. Even after 4
years she has not figured out how to deal with a NYC real estate developer. She is
not used to anyone just getting up and walking away. The press is blaming Trump,
but continuing the negotiation when it was clear it was going nowhere made no
sense. Wall St is blaming Trump, but as someone who has been in negotiations
that go nowhere, walking away from the table is sometimes necessary. I would not
assume there will be no deal now. Something now might get done for airlines and
the $1200.
The report on unfilled jobs on the surface looks weaker at 6.4 million, but when you
peel it back what you find is in the big Democratic cities where things are still
locked down and crime is rampant, LA, NYC, Seattle, Minneapolis, Chicago,
Washington, available jobs declined anywhere from 20% to over 30%. But in the
rest of the country, where things are much more reopened and BLM is not
rampaging, available jobs rose, or were only down 5% or less. Draw your own
conclusions.
The reason NYC is not coming back yet is crime, and the gross negligence and
stupidity of DeBozzo and Cuomo. They have done almost everything wrong. The
crusher was when the Dems in the State legislature passed no bail, and then
added a law that said the police must give the defendant attorney all of the detail
contact info of the victim and witnesses. Result- some victims and witnesses died,
and others decided not to testify. So now NYC has a massive crime wave. There
are daily stories of people getting shot or stabbed or robbed. It is a breakdown of
law and order. That is why NY in dying. The virus is mostly defeated with an
infection rate of 1.4%. It is not the thing stopping people from coming back to the
city. The other thing stopping progress is the political policy of being against
anything that looks like developers or corporations are going to make money.
Most recently, a massive project in Brooklyn to renovate a huge set of factory
buildings into mixed use was killed because it was perceived as gentrification.
In reality it was 20,000 good jobs, and better housing and retail. Same as
happened with Amazon. So these lower income areas remain low income and
struggling. Amazon was partly the fault of Bezos not understanding how to woo the
community, instead of thinking you are doing a wonderful thing so they should
just love it. He was arrogant, and that does not work. Had Amazon done what
we did in my huge Sacramento project of spending a lot of time meeting with
the community, and the little old ladies, and wooing them, then maybe Amazon
might have succeeded. We will never know. Every business leader and real
estate leader in NYC is now publicly and privately pushing the mayor and
governor to clean up the city and to change criminal laws, but so far it has fallen
on deaf ears. This is why Dem run cities are failing, and other cities are thriving.
They simply do not understand what Giuliani proved, you need to clean up the
crime and deal with the homeless getting them off the streets, and out of good
neighborhoods, and out of the subway, and then the city will thrive again. Dem
mayors have the opposite policies. Outbound moves from NYC are 52%
above normal and 128% in San Fran. Seattle is also headed that way. All once
great places destroyed by left wing Dem mayors. The pandemic changed
everything in that now 40% of people can easily work from home. That has
materially changed where people choose to live. Court hearings, even at the
Supreme Court, are now virtual, so there is not much that is not. This is another
reason why commercial real estate is not a good place to invest if Biden wins and
the Dems take the Senate.
I agree with the House conclusion that the big tech companies have far too much
power today, and need to be stopped from deciding what is acceptable for all of us
see. It is blatant censorship, and we know from what we see that Silicon Valley is
very anti-Trump and very left. Twitter has far too much power over what people
see as does Facebook. Google has 90% of the search market, and that is a bad
thing. I think it may be years, if ever, that it changes. The tech companies have
too much money and corrupt Congressmen always want contributions.
According to the Fed Survey of Consumer Finances which is done every three
, families at the top of the income ladder had little net worth growth between 2016
2019, but families at the bottom “experienced substantial gains.” The gap
between college grads and those without has decreased. Median incomes for
those with no high school degree increased 9% while those with a college degree
2.3%. This last was caused by a lot of retirees being replaced by lower wage
young people just entering the labor force. Between 2016 and 2019 young people on average earned 13.4% more than under Obama between 2010 and 2016 when they only earned 5.8% more, and under Obama those with no high school
degree only earned 1.7% more. It took a long time under Obama Biden for low
wage workers to get ahead vs 2001-2004. Net worth for the bottom quintile went
up 32% between 2016-2019. Among blacks it was up 32.1% and for Latinos
63.6%. Now there is a cultural lesson from those numbers. In 2019, 14.5% of low
income people owned stocks, so the claim that the booming stock market is only
for the rich is false. Home ownership rose among blacks 2.3% while under
Obama Biden it declined. Business equity among blacks the past three years
increased 138% vs nil under Obama Biden. Online businesses and deregulation
making starting a business easier, and has been a boom for low income people
who want to start a business. So these are facts from the Fed, not the Trump
campaign. Trump has been far better for low income workers and blacks than
Biden.
Ratcliffe released a memo showing that it was Hilary and Brennan who initiated
the whole Russia collusion story. It is clear from Brennan’s notes that everyone
up thru Obama was privy to what was happening, and to one degree or another
participated, including Biden.. We don’t know what Durham has of this, but he
needs to bring charges now. It appears Ratcliffe decided to not wait for Durham
and to release the evidence now. Pay attention to what he releases and watch
Maria In the Morning on Fox Business to learn what is happening. Trump
apparently gave up on Durham and has now released everything. We will see
what the media do. This is the worst political scandal in US history by far, and the
media, other than Fox, and mainly Maria Bartiromo, has refused to even mention
it. That is its own scandal. If Biden wins this will all get covered up, so Trump
needs to force it out now. Durham needs to start indicting or they will all get away
with it. It is likely Barr will name Durham as an independent special council which
Biden and Congress then cannot stop. It may be that Hilary does get charged.
CA is at it again dictating quotas. By 2022 all boards of public companies MUST
have 2 diversity seats of minorities or bisexual people, and 3 if it is a large board.
So I guess when interviewing people for board seats it is now expected to ask for
a person’s sexual preferences which is otherwise outlawed. In jury trials it is now
forbidden to use preemptive objection due to race, gender, etc. So much for the
rights of the accused. They have formed a committee to study if they should pay
reparations. Now who do you think is going to make up that commission. If you
live in CA who knows what comes next other than you can count on higher taxes
and more insanity and fires. Why does anyone live there anymore?
Trump did a good thing for everyone by getting sick. He showed the virus is not a
death penalty, and now there are drugs to deal with it if caught early. The reality,
despite the press pushing fear, is that most people do not get sick at all, or not
very sick, and if you do get it, the chance of dying is 1% or less, and if you are
healthy, it is tiny so long as it is caught very early. That is not much different than
with most illness. If you act early, there is often a protocol to cure, or at least
mitigate it. The media of course could not let Trump give a message of hope to
everyone. The advances in medicine are terrific now, and much more is coming
thanks to AI and other technologies. I see people at my tennis club in their
seventies and eighties who have had all sorts of diseases and injuries, including
cancer, and in two cases brain tumors, knee surgeries, hip surgeries, a mild
stroke, etc, and who are out there playing tennis. I know one guy with 9 stents
and one with 6 who are playing aggressively almost every day. A lot is in your
head to go on with life and enjoy yourself, and be positive. As we age we all have
aches and pains, and sometimes an illness, but if you just deal with it, and not let
it get you down, you can have a happy and productive, and likely, more healthy
period of aging. Complaining does not make the pain go away. Age is just a day
on a calendar. Make the most of your time, there is no do over. As my
grandmother told me at age 99, far better to die sorry for what you did, than for
what you wish you had done, but no longer can.
Watch what happens with Brexit over the next two weeks. Boris has called the
bluff of the EU with his change to the Ireland covenants, and he is essentially
telling the EU to go stuff it. The UK wants its freedom and will take it no matter
what the EU threatens. Boris is a no nonsense guy who is not going to fold. It
might be a very hard Brexit in two weeks. He is the EU’s worst nightmare. The
EU will pay a heavy price for no deal with the UK who will do deals with the US
and others very quickly. Also watch Azerbaijan. That little war could easily spin
out of control.
The latest from CA insanity. People are ordered to only pull down the mask
BETWEEN bites when they eat out. CA reaches a new level of stupidity almost
daily now. Maybe the smoke has clogged their brains. Maybe the fires will impel
a lot more people to leave.
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It seems senior executives in The FBI cannot even remember their own names, yet, those who are subjected
to their inquiries are expected to remember the names of flies on the wall.
It is disgusting to watch tax money going to pay their salaries and life styles.
As Asian racial joke goes: "Sum Ting Wong?"
James Comey Can’t Recall
The FBI ignored a 2016 CIA warning about a possible Hillary Clinton
dirty trick.
The origins of the 2016 FBI investigation into the Trump presidential campaign are slowly unspooling,
and the latest revelation is a stunner. The CIA warned the FBI that the Hillary Clinton campaign might
be ginning up accusations of Trump collusion with Russia, but James Comey’s bureau ignored it.
That’s the story from CIA documents declassified and released Tuesday by Director of National
Intelligence John Ratcliffe. They include a Sept. 7, 2016 CIA memo to Mr. Comey for “background,
investigative action, or lead purposes.” The memo includes intelligence information, including “An
exchange [redacted] discussing US presidential candidate Hillary Clinton’s approval of a plan concerning
US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of
distracting the public from her use of a private email server.”
Mr. Ratcliffe told Senate Judiciary Chairman Lindsey Graham last week that the U.S. “does not know the
accuracy of this allegation” since it was based on “insight into Russian intelligence analysis.” But the
accuracy is secondary to the fact that the FBI ignored the CIA referral.
Only a month earlier the FBI had launched an unprecedented counterintelligence investigation into a
presidential campaign on the slimmest evidence. A CIA warning that a rival campaign might be
fomenting the collusion claims should have stopped the probe. Recall that the FBI was also warned
around that time that the chief promoter of collusion claims, Christopher Steele, was on the Clinton
payroll.
There is no evidence the FBI heeded the warning, and Mr. Comey told the Senate last week he didn’t
recall the CIA memo. This is hard to credit given that the memo claims it was provided in response to an
“FBI verbal request.” It’s even harder to credit from a director who at the time was managing the Clinton
investigation and exoneration.
A Clinton spokesman said the allegations are “baseless,” and Democrats call it “disinformation.” Yet the
documents contain handwritten notes showing the allegation was serious enough that then CIA Director
John Brennan briefed President Obama. The notes say U.S. intelligence had heard that Mrs. Clinton in
late July 2016 approved “a proposal from one of her foreign policy advisers to vilify Donald Trump by
stirring up a scandal claiming interference by the Russian security service.”
The CIA memo to the FBI also explains that its information came from the “CROSSFIRE HURRICANE
fusion cell.” Mr. Brennan has referred before to this cell as a group of officials from the CIA, National
Security Agency and FBI who were investigating Russian interference. Yet the U.S. restricts CIA
involvement in domestic politics. Congressional investigators need to ask if the agency helped the FBI
collect information on U.S. citizens.
The new disclosures show an FBI determined to investigate the Trump campaign no matter the number
of red flags. The bureau plowed ahead despite a U.S. intelligence alert of potential Clinton-campaign
meddling; despite warnings from foreign intelligence and domestic actors about Mr. Steele’s credibility;
and despite knowing the FBI had previously investigated the main source for the dossier as a suspected
Russian agent. This is either incompetence or willful bias.
No matter who wins on Nov. 3 this year, Americans need to know the full story of how the last election
was poisoned by the Russia collusion dirty trick. Please keep the documents coming for the public to see,
and the parties testifying under oath.
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Finally, Thursday, while driving to Atlanta, I happened to be listening to an interview on NPR, an
avowedly liberal radio, government sponsored, station. The interview was of a disgruntled, retired former
CDC scientist who had written a letter to the current head of the CDC about the interference of The White
House with the CDC's ability to implement an effective pandemic response.
The letter had been leaked to the media in time for the VP Debate and the complaining retired scientist
noted the CDC had over 70 years experience in how to respond to a situation such as Covid 19, yet, were
being blocked for unstated reasons.
I am not trying to defend the Trump White House but am seeking to understand if the claim, they have no
coordinated and effective plan, is valid.
We know the CDC's first response about testing proved flawed and I also know a CDC ruling has been
embraced and implemented allowing forbearance to renters to defer rental payment for a certain period and
it has been extended, I believe, to April. I raise this concern for two reasons:
First, is this another instance where a government agency is exceeding it's authority and is causing a
problem in one area, in it's desire to solve a problem in another and thus, causing problems beyond it's
authorized reach?
Second, is The White House 's response to the pandemic actually failing, as Kamala and Biden claim,
along with Democrat Leadership, or is this another political ploy for election 2020 campaigning purposes
as also claimed in the usually non-political New England Journal of Medicine's recent publication?
I have no answer other than my inherent distrust of politics, in general, and Democrat shenanigans in
particular, that nothing is out of bounds or off limits when it comes to winning .
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