Tag Archives: mr-

No, China Didn’t Suddenly Stop Manipulating Their Currency When Trump Was Elected

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Here’s a snippet from the Economist’s interview with President Trump and Treasury Secretary Steven Mnuchin. The subject is whether China is manipulating its currency in a way that hurts the United States:

Trump: They’re actually not a currency manipulator. You know, since I’ve been talking about currency manipulation with respect to them and other countries, they stopped.

Mnuchin: Right, as soon as the president got elected they went the other way.

It’s tiresome to hear Trump say this, and doubly tiresome to hear Mnuchin chime in like a toady about it. Yes sir, Mr. President, they stopped as soon as they realized a real man was about to occupy the White House!

Here’s all you need to know about Chinese currency manipulation:

All the way through 2013, China’s foreign reserves increased nearly every quarter. This was because they were buying lots and lots of dollars as a way of keeping the value of the yuan low, which made Chinese exports cheaper and American imports more expensive. In mid-2014 they stopped. Since then, they’ve mostly sold their dollar holdings, to the tune of a trillion dollars over the past couple of years. During this entire time the yuan has been falling on its own, and the Chinese intervention has had the effect of propping it up to prevent it from falling even faster. This makes Chinese exports more expensive and American imports cheaper, which is exactly what we want.

As for November 2016, nothing happened. I don’t know if Trump knows this, since he seems to live in some kind of alternate reality, but Mnuchin does. So does everyone else.

See the original post: 

No, China Didn’t Suddenly Stop Manipulating Their Currency When Trump Was Elected

Posted in Everyone, FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on No, China Didn’t Suddenly Stop Manipulating Their Currency When Trump Was Elected

Mexico Finally Has Donald Trump Figured Out

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Yesterday Donald Trump suggested he might pull out of NAFTA entirely, then turned on a dime and agreed to begin negotiations instead over changes to the treaty. Mexico has finally figured him out:

On Wednesday, the suggestion from the White House that Mr. Trump was finalizing an executive order to begin the process of withdrawing the United States from NAFTA revealed a different, more experienced Mexico, one that was learning to live with what it considers Mr. Trump’s bluster and stagecraft — and not inclined to publicly react too quickly.

“It seems like he’s sitting at a poker table bluffing rather than making serious decisions,” said Senator Armando Ríos Piter, a Mexican legislator. “In front of a bluffer, you always have to maintain a firm and dignified position.”

Has Trump ever threatened to pull out of a deal and then followed through? We know that he talks a lot, and he’s quick to file lawsuits. But in, say, the past 20 years or so, has he ever made a great real estate deal? Has he ever threatened to pull out of a real estate deal, and then done so when the other side refused to meet his terms? Ever?

View original post here:

Mexico Finally Has Donald Trump Figured Out

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on Mexico Finally Has Donald Trump Figured Out

Trump Planning to Hold Tax Plan Theater on Wednesday

Mother Jones

Here’s all you need to know about President Trump’s tax plan:

Mr. Trump’s aides have been working on a detailed tax proposal, but that isn’t ready yet. The announcement on Wednesday is expected to focus instead on broader principles….Mr. Trump’s statement last week that he would announce details of his plan later this week caught his team off guard, said people familiar with the matter.

In other words, it’s all theater. On Wednesday we’ll get a vague description of “broader principles” that will include gigantic cuts in the top rates for both individuals and corporations, along with just enough eye candy for the middle class that Trump can pretend it’s a tax cut for everyone. It will basically be a campaign document with a few extra tidbits so that Trump can claim to have released his “tax plan” during his first hundred days.

The benefit of staying vague, by the way, is that it’s impossible to score his plan until every detail is filled in. Still, I expect the usual suspects at the Tax Foundation and the Tax Policy Center will try. So where do you think they’ll end up? My guess is that it will cost $4 trillion, of which 95 percent will go to the top 10 percent. Enter your guess in comments. The winner gets the most precious thing I have to offer: a tweet that announces their victorious prediction.

See the original article here – 

Trump Planning to Hold Tax Plan Theater on Wednesday

Posted in alo, Everyone, FF, G & F, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , | Comments Off on Trump Planning to Hold Tax Plan Theater on Wednesday

James Comey Wasn’t a Partisan Hack. He Was Worse.

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

By coincidence, right after my Comey post yesterday morning the New York Times published a long tick-tock about how and why Comey did what he did. It doesn’t address the question of whether Comey tipped the election, it just provides an insider account of what was going through Comey’s head as he made decisions during campaign season.

It makes for depressing reading. The reporters conclude pretty strongly that Comey wasn’t motivated by any conscious partisan motives. But even if that’s true, there were pretty clearly partisan and personal influences at work. Apologies in advance for the length of this post, but putting all six of the following excerpts together in a single narrative is the only way to show what really happened. The story begins two years ago when the FBI opened its probe into Hillary Clinton’s emails:

On July 10, 2015, the F.B.I. opened a criminal investigation, code-named “Midyear,” into Mrs. Clinton’s handling of classified information….Everyone agreed that Mr. Comey should not reveal details about the Clinton investigation. But attorney general Loretta Lynch told him to be even more circumspect: Do not even call it an investigation, she said, according to three people who attended the meeting. Call it a “matter.”

….It was a by-the-book decision. But Mr. Comey and other F.B.I. officials regarded it as disingenuous in an investigation that was so widely known. And Mr. Comey was concerned that a Democratic attorney general was asking him to be misleading and line up his talking points with Mrs. Clinton’s campaign, according to people who spoke with him afterward.

This seems to have been the starting point. Even when Justice Department officials were making straightforward, “by-the-book” decisions, Comey was paranoid that they were acting to protect a Democrat—something that obviously might invite Republican attack if he went along. This belief continued to grow, and led to much of what happened later, when the investigation was wrapping up:

Early last year, F.B.I. agents received a batch of hacked documents, and one caught their attention. The document, which has been described as both a memo and an email, was written by a Democratic operative who expressed confidence that Ms. Lynch would keep the Clinton investigation from going too far, according to several former officials familiar with the document.

Read one way, it was standard Washington political chatter. Read another way, it suggested that a political operative might have insight into Ms. Lynch’s thinking.

Normally, when the F.B.I. recommends closing a case, the Justice Department agrees and nobody says anything….The document complicated that calculation, according to officials. If Ms. Lynch announced that the case was closed, and Russia leaked the document, Mr. Comey believed it would raise doubts about the independence of the investigation.

This email wasn’t related to Lynch or her office in any way. It was just gossip from a third party. But instead of ignoring it, Comey worried that it might leak and hurt his own reputation. This also motivated his decision, when the investigation was over, to hold an unusual press conference which damaged Clinton seriously even though he cleared her of wrongdoing:

Standing in front of two American flags and two royal-blue F.B.I. flags, he read from a script….“Any reasonable person in Secretary Clinton’s position” should have known better, Mr. Comey said. He called her “extremely careless.” The criticism was so blistering that it sounded as if he were recommending criminal charges. Only in the final two minutes did Mr. Comey say that “no charges are appropriate in this case.”

….By scolding Mrs. Clinton, Mr. Comey was speaking not only to voters but to his own agents. While they agreed that Mrs. Clinton should not face charges, many viewed her conduct as inexcusable. Mr. Comey’s remarks made clear that the F.B.I. did not approve.

Former agents and others close to Mr. Comey acknowledge that his reproach was also intended to insulate the F.B.I. from Republican criticism that it was too lenient toward a Democrat.

Again, Comey had failed to play it straight. Even though the decision to exonerate Clinton “was not even a close call,” as he later said, he tore into Clinton in order to protect himself from criticism—both from Republicans and from his own agents. This is especially damning given the subsequent evidence that Comey’s criticism of Clinton was wildly overstated. The same dynamic played out in reverse a couple of months later over the FBI investigation into Donald Trump and Russian interference in the election:

Mr. Comey and other senior administration officials met twice in the White House Situation Room in early October to again discuss a public statement about Russian meddling….At their second meeting, Mr. Comey argued that it would look too political for the F.B.I. to comment so close to the election, according to several people in attendance. Officials in the room felt whiplashed. Two months earlier, Mr. Comey had been willing to put his name on a newspaper article; now he was refusing to sign on to an official assessment of the intelligence community.

And it played out yet again in September, when agents discovered some Clinton emails on Anthony Weiner’s laptop. Michael Steinbach, a former FBI agent who worked closely with Comey, explained what went through Comey’s mind:

Agents felt they had two options: Tell Congress about the search, which everyone acknowledged would create a political furor, or keep it quiet, which followed policy and tradition but carried its own risk, especially if the F.B.I. found new evidence in the emails.

….Conservative news outlets had already branded Mr. Comey a Clinton toady. That same week, the cover of National Review featured a story on “James Comey’s Dereliction,” and a cartoon of a hapless Mr. Comey shrugging as Mrs. Clinton smashed her laptop with a sledgehammer.

Congressional Republicans were preparing for years of hearings during a Clinton presidency. If Mr. Comey became the subject of those hearings, F.B.I. officials feared, it would hobble the agency and harm its reputation. “I don’t think the organization would have survived that,” Mr. Steinbach said.

Once again, the primary concern was protecting Comey and the FBI. Republicans had made it clear that their retribution against anyone who helped Clinton would be relentless, and that clearly had an impact on Comey. Steinbach’s suggestion that Republican vengeance would have destroyed the FBI is clearly nuts, but Comey was taking no chances. He didn’t want the grief.

Even after it was all over, Comey’s partisan influences continued to work on him:

Officials and others close to him also acknowledge that Mr. Comey has been changed by the tumultuous year.

Early on Saturday, March 4, the president accused Mr. Obama on Twitter of illegally wiretapping Trump Tower in Manhattan. Mr. Comey believed the government should forcefully denounce that claim. But this time he took a different approach. He asked the Justice Department to correct the record. When officials there refused, Mr. Comey followed orders and said nothing publicly.

Daniel Richman, a longtime friend of Comey’s, said this represented “a consistent pattern of someone trying to act with independence and integrity, but within established channels.”

The evidence does indeed show consistent behavior, but of a different kind. At every step of the way, Comey demonstrated either his fear of crossing Republicans or his concern over protecting his own reputation from Republican attack. It was the perfect intersection of a Republican Party that had developed a reputation for conducting relentlessly vicious smear campaigns and a Republican FBI director who didn’t have the fortitude to stand up to it. Comey may genuinely believe that his decisions along the way were nonpartisan, but the evidence pretty strongly suggests otherwise.

Continue reading here – 

James Comey Wasn’t a Partisan Hack. He Was Worse.

Posted in alo, Everyone, FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on James Comey Wasn’t a Partisan Hack. He Was Worse.

Evening Garbage Roundup

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Apropos of my previous post, Natasha Bertrand points out that at the exact same time the Russian RISS think tank recommended a messaging change to focus on voter fraud, Donald Trump suddenly started talking about “rigged elections.” I’m sure it was just a coincidence:

And there’s also this about Jon Ossoff’s near-victory in Georgia last night:

Vermont Sen. Bernie Sanders, in an interview Tuesday in Louisville, Ky., said he didn’t know much about Mr. Ossoff, a 30-year-old former House staffer. Mr. Sanders said he isn’t prepared to back Democrats just because of a party label. “If you run as a Democrat, you’re a Democrat,” he said. “Some Democrats are progressive and some Democrats are not.”

Asked if Mr. Ossoff is a progressive, Mr. Sanders, an independent who challenged Hillary Clinton in the 2016 presidential primary, demurred. “I don’t know,” he said.

I know how touchy this subject is, but come on. Ossoff is obviously no fire breather, but he’s been the center of progressive attention for weeks now. Would it kill Sanders to spend a few minutes learning who he is and what he’s about—and whether that’s good enough for an endorsement? If Sanders wants to be a party leader—and he’s given every indication that he does—he needs to pay more attention to this stuff. He can start here.

UPDATE: There were originally three items in this post. The third one was a tweet about something Mike Huckabee said, but the tweet has since been deleted because it misrepresented Huckabee’s comment. I’ve deleted the reference to it.

Originally posted here: 

Evening Garbage Roundup

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Evening Garbage Roundup

Trump Wants to Turn the Skies Black With Coal

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Donald Trump is gonna bring back the coal:

President Trump is poised in the coming days to announce his plans to dismantle the centerpiece of President Barack Obama’s climate change legacy….In an announcement that could come as soon as Thursday or as late as next month, according to people familiar with the White House’s planning, Mr. Trump will order EPA chief Scott Pruitt to withdraw and rewrite a set of Obama-era regulations known as the Clean Power Plan, according to a draft document obtained by The New York Times.

….At a campaign-style rally on Monday in the coal-mining state of Kentucky, Mr. Trump told a cheering audience that he is preparing an executive action that would “save our wonderful coal miners from continuing to be put out of work.”

This is part of Trump’s plan to repeal all of Obama’s “stupid” climate change policies. “We’re not spending money on that anymore,” Trump’s budget director told reporters. No more funding for climate change science; no more worrying about carbon emissions; no more auto mileage standards; and lots and lots of beautiful, black coal.

Except for one thing:

This is from Lazard’s most recent energy analysis. Coal just isn’t competitive anymore. Oh, existing plants will keep going for a while, and maybe Trump’s executive orders—if they ever go into effect—will keep them in operation longer than otherwise. But there’s nothing on the horizon that’s likely to reduce the cost of coal, whereas wind and solar continue to drop every year. Gas is also likely to stay cheap for a long time thanks to fracking.

None of this is a secret. Everyone knows that Trump isn’t going to save any coal jobs, but the coal miners like to hear him say that he will. Based on previous reporting, I gather that even they know it’s mostly blather, but they still appreciate it. They give Trump an A for effort.

Back in the early part of last year, there was a mini-upwelling of comments from liberals suggesting that Trump might actually be better from a progressive point of view than more conventional conservatives like Marco Rubio and Ted Cruz. That was never true, and climate change is an example of why. Cruz or Rubio would have both tried to get rid of Obama’s Clean Power Plan, but I don’t think they would have literally tried to defund every bit of research into climate change or just flatly deny that carbon even mattered. They’re too conventional. But with Trump there’s always the danger that a combination of his signature ignorance and his rabid vengefulness will motivate him to go nuts. That’s what’s happening here. On the bright side, maybe his well-known incompetence will also keep him from being effective. But then again, maybe not.

See the article here: 

Trump Wants to Turn the Skies Black With Coal

Posted in Everyone, FF, GE, LG, ONA, solar, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on Trump Wants to Turn the Skies Black With Coal

There Is No Pivot. There Will Never Be a Pivot.

Mother Jones

Another week, another pivot gone awry:

For Mr. Trump, this was supposed to be a week of pivoting and message discipline. The president read from a script during public appearances and posted on Twitter less often. He invited lawmakers from both parties to the White House for strategy sessions on the health measure. He scheduled policy speeches, like one near Detroit, where he announced that he was halting fuel economy standards imposed by Mr. Obama.

….But by Friday, as Mr. Trump worked to call attention to his powers of persuasion in securing commitments from a dozen wavering Republicans to back the health measure, the White House was left frantically trying to explain why Mr. Spicer had repeated allegations that the Government Communications Headquarters, the British spy agency, had helped to eavesdrop on the president during the campaign.

There’s a piece of me that hardly blames reporters for replaying the “pivot” narrative over and over. Let’s face it: It defies human understanding that an easily bored 8-year-old has been elected president of the United States. But he has—and every week he promises to be good. Maybe he even tries. Who knows?

For something like 50 or 60 consecutive weeks, the Trump entourage has been insisting that the boss is going to pivot and start being presidential real soon now. How long before everyone understands it’s not going to happen?

We have 3.8 years of this acting out left. It’s time for everyone to give up on the fantasy that Trump is going to turn into an adult someday.

Original article:  

There Is No Pivot. There Will Never Be a Pivot.

Posted in Everyone, FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on There Is No Pivot. There Will Never Be a Pivot.

Is Donald Trump Really Worth Some Tax Cuts?

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Our story so far: President Trump got good reviews for his speech to Congress on Tuesday, and that made him happy. Then it all blew up thanks to revelations the next day that Attorney General Jeff Sessions had met twice with the Russian ambassador during the campaign. On Friday, Sessions recused himself from the investigation of ties between Trump and Russia, and Trump had a temper tantrum. He had finally been presidential, and now it was all down the drain. Everyone was talking about Russia again.

The next morning, still in a lather, he went to his usual playbook: hit back. But he needed something big, so he decided to accuse President Obama of wiretapping him. This took everyone by surprise, including his own staff. But it sort of worked: nobody cares all that much about Sessions anymore.

So then: did Obama order a wiretap on Trump Tower? Needless to say, Obama’s spokesman says no. How about the CIA? Here is Obama’s Director of National Intelligence on Meet the Press this morning:

CHUCK TODD: Let me start with the President’s tweets yesterday, this idea that maybe President Obama ordered an illegal wiretap of his offices. If something like that happened, would this be something you would be aware of?

JAMES CLAPPER: ….I can’t speak officially anymore. But I will say that, for the part of the national security apparatus that I oversaw as DNI, there was no such wiretap activity mounted against the president elect at the time, or as a candidate, or against his campaign. I can’t speak for other Title Three authorized entities in the government or a state or local entity.

CHUCK TODD: Yeah, I was just going to say, if the F.B.I., for instance, had a FISA court order of some sort for a surveillance, would that be information you would know or not know?

JAMES CLAPPER: ….I would know that.

CHUCK TODD: If there was a FISA court order on something like this…

JAMES CLAPPER: Something like this, absolutely.

CHUCK TODD: And at this point, you can’t confirm or deny whether that exists?

JAMES CLAPPER: I can deny it.

CHUCK TODD: There is no FISA court order?

JAMES CLAPPER: Not to know my knowledge.

CHUCK TODD: Of anything at Trump Tower?

JAMES CLAPPER: No.

OK, but does the FBI agree? Here’s the New York Times:

The F.B.I. director, James B. Comey, asked the Justice Department this weekend to publicly reject President Trump’s assertion that President Barack Obama ordered the tapping of Mr. Trump’s phones, senior American officials said on Sunday….Mr. Comey’s request is a remarkable rebuke of a sitting president, putting the nation’s top law enforcement official in the position of questioning Mr. Trump’s truthfulness.

….It is not clear why Mr. Comey did not issue the statement himself. He is the most senior law enforcement official who was kept on the job as the Obama administration gave way to the Trump administration. And while the Justice Department applies for intelligence-gathering warrants, the F.B.I. keeps its own set of records and is in position to know whether Mr. Trump’s claims are true. While intelligence officials do not normally discuss the existence or nonexistence of surveillance warrants, no law prevents Mr. Comey from issuing the statement.

Assuming Clapper and Comey are telling the truth, we can say that (a) there was no FISA warrant and (b) President Obama didn’t order Trump’s phone to be tapped. That still leaves open the possibility that the FBI got an ordinary wiretap warrant as part of a criminal investigation, which neither Obama nor Clapper would know about.

This whole thing is completely, batshit crazy. Everyone knows that Trump is just making stuff up: He saw an article in Breitbart and decided to throw some chum in the water. The White House has even confirmed this. But the press has to report it anyway because the president said it, and Republicans in Congress will allow the craziness to continue because they don’t care. They just want to repeal Obamacare and get their tax cut passed. So Trump can do anything he wants and get endless publicity for it, with no pushback except from Democrats. And nobody cares what Democrats say.

The Trump presidency gets loonier by the day. It’s like one of those TV shows where they have to keep upping the ante to keep viewers interested. Trump started his presidency with his childish temper tantrum about crowds at his inauguration, but that seems like small beer now. To get any attention these days, he needs way more. So how about a childish temper tantrum that accuses the former president of ordering his phone tapped?

How far can this go? I’m stumped. Every time Trump is in a bad mood, something like this happens. And since Trump is in a bad mood whenever he isn’t being universally praised, this stuff is going to keep happening forever. Are tax cuts and Obamacare really worth so much to Republicans that they’re OK with having this ignorant, short-tempered child in the White House for the next four years? I mean, maybe nothing serious will happen during that time, and we’ll be more-or-less OK. But what about the chance that something serious does happen and Trump does some serious damage to the United States or to the world?

Is it really worth it taking that chance? Just for some tax cuts?

This article: 

Is Donald Trump Really Worth Some Tax Cuts?

Posted in Everyone, FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on Is Donald Trump Really Worth Some Tax Cuts?

Sean Spicer Is Brilliant

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

I was looking forward to the next White House press briefing, knowing that whoever ran it would be inundated with questions about President Trump’s dimwitted suggestion that President Obama had him wiretapped. That would be fun! But I underestimated the cleverness of Sean Spicer:

In a statement from his spokesman, Mr. Trump called “reports” about the wiretapping “very troubling” and said that Congress should examine them as part of its investigations into Russia’s meddling in the election.

“President Donald J. Trump is requesting that as part of their investigation into Russian activity, the congressional intelligence committees exercise their oversight authority to determine whether executive branch investigative powers were abused in 2016,” Sean Spicer, the White House press secretary, said in the statement.

No comment until the “investigation” is finished! That’s brilliant. I don’t know if it will work, but it’s brilliant. I wonder how aggressive the press corps will be about calling out this obvious artifice?

Visit source:  

Sean Spicer Is Brilliant

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , , , | Comments Off on Sean Spicer Is Brilliant

Donald Trump Is an Impressive Student of Political Weasel Wording

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Donald Trump, three days ago on national TV:

We have cleared the way for the construction of the Keystone and Dakota Access Pipelines, thereby creating tens of thousands of jobs. And I’ve issued a new directive that new American pipelines be made with American steel.

Donald Trump, in a quiet update delivered today via a spokeswoman:

The Keystone XL Pipeline is currently in the process of being constructed, so it does not count as a new, retrofitted, repaired or expanded pipeline.

Impressive use of weasel wording, Mr. President! I’m glad we got that cleared up. I guess American steel mills will benefit from Trump’s executive orders as much as coal workers will.

Source:

Donald Trump Is an Impressive Student of Political Weasel Wording

Posted in FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , | Comments Off on Donald Trump Is an Impressive Student of Political Weasel Wording