News Story of the Day: President Donald Trump is targeting the Federal Reserve for the 732rd time this year.
His latest comments target Jerome Powell, conceding that he was his pick “and I disagree with him entirely.”
“Frankly, if we had a different person in the Federal Reserve that wouldn’t have raised interest rates so much we would have been at least a point and a half higher,” Trump said.
Well, he could be getting his way because the Fed is potentially on the cusp of slashing interest rates as early as July.
Chart of the Day: Who is benefiting from the U.S.-China trade war? At this point, neither side is really gaining from tariffs, restrictions, and posturing. At the same time, there are bright spots for both economies. For the United States, it seems that manufacturing has somewhat rebounded in the trade war.
Illustration of the Day: One of the greatest things about socialists is how much they hate capitalism but take advantage of all the goods derived from capitalism.
Quote of the Day: Robert Wenzel attended a Democratic Party convention in California recently and he got to meet and greet Representative Tulsi Gabbard (D-HI). He had some interesting analysis, mainly that the only thing that makes her stand out from the crowd is her anti-war stance, considering that her colleagues are generally pro-war.
He writes:
So here is the thing, she is in the first two debates but she will have to do well enough to poll at 2% or higher to be in the third debate in September.
I don’t know if she can do it. Her only real unique position is the anti-war position, which is important to libertarians but who else? It isn’t getting her to 2% yet. The debate national TV audience will help her get better exposure so maybe it will lift her numbers, but on the lefty issues that she holds there is not anything to differentiate her from the pack.
I think her best shot is to differentiate herself on other issues besides war that won’t tank her with the nutty left but help expand her base to catch the voters now supporting Joe Biden. My view is that Biden won’t survive through the primaries, he will make too many mental flubs.
Gabbard can pick those voters up by being shrewd and positioning on topics such as Social Security that no one is talking about.
Social Security trustees themselves admit that, as things stand, in the future Social Security won’t be able to guarantee full benefits for current retirees.
Social Security will be insolvent in only 16 years. The Trustees project that on a theoretical combined basis, the trust funds will run out by 2035. That means the program will be insolvent when today’s 51-year-olds reach the retirement age and today’s youngest retirees turn 78. At that point, all beneficiaries will face a 20 percent across-the-board benefit cut, which will grow to 25 percent over time.
This is the kind of issue that would resonate with a lot of primary voters, even the young if she positions the threat and solution correctly (Ahem, I have thoughts on a solution). Tulsi could have this group all to herself since no one else is talking about it and I can’t think of a more important issue for those dependent on SS checks.
There are other issues along this type that Tulsi could have all too herself. If she is smart.
I am making tiny inroads to try and get this point across so we shall see.
As it stands now, she is better on war than anyone else but pretty bad on everything else. But I don’t know any of any other candidate better on any issues.
Tweet of the Day: Boom goes the dynamite!
What do you call a man who spent his whole career championing wars that left millions dead and displaced—from Vietnam to Laos to Cambodia; Nicaragua to Iraq; Yugoslavia to Afghanistan; Libya to Syria; Ukraine to Yemen and beyond?
John McCain of course!
Happy #JohnMcCainDay 🤗
— Sarah Abdallah (@sahouraxo) June 14, 2019
Video of the Day: Eric Swalwell is a joke candidate. Seriously. It is possible that his entire bid for president is a joke because he utters the usual leftist tropes that you just can’t believe. He is in the same category as Vermin Supreme. Mark Dice explores.
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