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« on: January 05, 2018, 05:51:39 PM » |
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________________________________________ The Patriot Post Digest 1-5-2018 From The Federalist Patriot Free Email Subscription ________________________________________
The Patriot Post® · Mid-Day Digest
Jan. 5, 2018 · https://patriotpost.us/digests/53273
IN TODAY’S EDITION
Obama never let a crisis go to waste, banning offshore drilling, but Trump counters. December’s job creation was a bit disappointing, but we might blame the cold. Jeff Sessions undoes Obama’s marijuana enforcement guidelines. Social media tribalism and “fake news” go hand in hand. Oregon allows self-serve gas, residents lose their minds in a hilarious kerfuffle. Democrats keep crying “Armageddon” about tax cuts while Americans already benefit. Planned Parenthood hemorrhages customers but keeps raking in the money. Plus our Daily Features: Top Headlines, Memes, Cartoons, Columnists and Short Cuts.
THE FOUNDATION
“It is very imprudent to deprive America of any of her privileges. If her commerce and friendship are of any importance to you, they are to be had on no other terms than leaving her in the full enjoyment of her rights.” —Benjamin Franklin
IN BRIEF
Trump Drills Another Obama Regulation1
By Thomas Gallatin
Acting to reverse yet another one of Barack Obama’s onerous policies, President Donald Trump’s Interior Secretary Ryan Zinke announced a new plan to open up more than 90% of the U.S.‘s Outer Continental Shelf to potential oil drilling and energy development. Recall back in 2010, following the Deepwater Horizon disaster in the Gulf of Mexico, Obama enacted severe restrictions on offshore drilling, essentially prohibiting energy extraction on 94% of the Outer Continental Shelf. It was classic Obama, never letting a crisis go to waste. He took advantage of an uncommon disaster as a pretext for aggressively pushing his leftist economic and climate agenda under the guise of needing to protect the environment. Obama’s decision negatively impacted the nation’s economy as well as the federal government’s coffers. From 2008 to 2016, the fed saw a drop from $18 billion down to $2.8 billion in offshore activities tax revenue.
In announcing the policy change, Zinke said, “We’re embarking on a new path for energy dominance in America, particularly on offshore. This is a clear difference between energy weakness and energy dominance. We are going to become the strongest energy superpower.” The Interior Department then announced that it would hold at least 47 lease sales between 2019 and 2024, the majority of which would be off the coast of Alaska and in the Gulf of Mexico. The proposal would also free up the waters off the California coast, which have been closed to drilling since 1969.
From a national security and economic stand point, Trump’s good move will benefit the country. It would significantly increase the U.S.’s move toward energy independence, stimulate more economic growth and increase government revenue. However, politically speaking, it will be met with some resistance. Already, two Florida Republicans, Gov. Rick Scott and Sen. Marco Rubio, have pushed back on the plan, requesting that Florida’s coastal waters remain under Obama’s moratorium. North Carolina has also responded coldly to the news. The reality is that both these states rely heavily on coastal tourism and fear the potential economic consequences from negative public perception of offshore energy drilling.
But the fact remains that reversing Obama’s extreme moratorium does not change the fact that the U.S. has the world’s most stringent regulations when it comes to offshore drilling. Trump is simply seeking to level the playing field for the energy industry, which Obama had gone out of his way to actively stack the deck against.
December Economy Feeling Chilly Weather’s Effects?2
By Jordan Candler
December’s jobs report was underwhelming, particularly when compared to recent months. For example, 252,000 jobs were generated in November, but December saw just 148,000 — a month-over-month reduction of 104,000 and about 42,000 fewer than economists’ expectations, according to CNBC3. At 4.1%, the headline unemployment rate remained static, though the U-6 rate, a better measure, ticked up to 8.1% from 8%. Most of the jobs report blame is being pegged on the retail industry, which fell by roughly 20,000 jobs, and that certainly makes sense as brick and mortar stores are still grappling with Internet sales. But other factors may be at play.
While the jobs numbers failed to meet economists’ expectations, there was one person who anticipated the possibility of a lackluster report. On Nov. 30, meteorologist and Patriot Post contributor Joe Bastardi warned, “Caution: December Weather May Cause Skidding of the Economy4.” Americans were accustomed to unseasonable warm Decembers in recent years, but Bastardi foresaw a major change this time around. He wrote, “The potential for more extreme cold between Dec. 10 and Jan. 10 has us very concerned.” In fact, his research revealed that the coming cold “would have a huge effect on the economy in almost all sectors from the Plains and areas east.”
Of course, climate change alarmists are tying the U.S. deep freeze to man-made global warming. Guys like Al Gore are proclaiming, “It’s bitter cold in parts of the US, but climate scientist Dr. Michael Mann explains that’s exactly what we should expect from the climate crisis.” Which is rubbish — analogs derived from Bastardi provide example after example of similar extreme patterns before global warming was even part of the discussion. And deep freezes like our current one add credence to the idea that cold weather hurts the economy far more than warm weather.
By the way, Bastardi expects milder temperatures later this month, but anomalous cold could return in February. So a similar jobs report could presumably be in the offing when February’s economic analysis is released. January’s buzzkill report is neither the fault of Donald Trump’s economic policies — in fact, investors appear mostly unbothered — nor the result of man-made global warming. But expect naysayers to portray it that way anyway.
Top Headlines5
Manufacturing in the U.S. just accelerated to its best year since 2004 (Bloomberg6)
U.S. created 148,000 jobs in December, vs. 190,000 jobs expected (CNBC3)
Trump administration plan would widely expand drilling in U.S. continental waters (The Washington Post7)
Federal judge obliterates Fusion GPS’ attempt to hide info from investigators (The Federalist8.)
FBI launches new Clinton Foundation investigation over pay-to-play; Justice Department looks into her email server (The Hill9)
Trump administration seeks $18 billion over decade to expand border wall (The Wall Street Journal10)
U.S. suspends most security assistance to Pakistan (NPR11)
Demo leader Keith Ellison endorses antifa (Powerline12)
NFL’s TV ratings dropped 10% this season amid lower attendance (Fox News13)
Humor: Mayor declares Chicago crime-free zone, criminals disperse (The Babylon Bee14)
Policy: Global warming isn’t making weather more extreme (Investor’s Business Daily15)
Policy: Cure for cold: more drilling, more pipelines (E2116)
For more of today’s news, visit Patriot Headline Report17.
FEATURED ANALYSIS Marijuana: When the Rule of Law Goes to Pot18
By Michael Swartz
In the late 1930s, a film called “Reefer Madness” was released as a morality tale emphasizing the dangers of marijuana use. Since that era, and even when the film was used as a method of spoofing what advocates of legalization considered draconian laws and old-fashioned societal mores regarding pot, federal law has remained consistent in making it illegal, including for medical use. Even in Colorado and Washington where marijuana use is legal under state law, smoking it for any reason, medical or not, puts the user under a very slight risk of arrest and incarceration under federal statutes.
As marijuana laws have been liberalized and penalties reduced by local and state governments to a point where it’s no more of an issue than a speeding ticket, guidance from Barack Obama’s Justice Department gave local prosecutors the option to maintain a “hands-off” approach despite the fact that marijuana laws were unchanged at the federal level.
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