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« on: May 24, 2018, 05:19:04 PM » |
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________________________________________ The Patriot Post Digest 5-23-2018 From The Federalist Patriot Free Email Subscription ________________________________________
The Patriot Post® · Mid-Day Digest
May 23, 2018 · https://patriotpost.us/digests/56143-mid-day-digest
IN TODAY’S EDITION
GOP revisions to Dodd-Frank add to a good economic record. Obama’s CIA director is at the center of controversy over the Trump investigation. Netflix has given Barack Obama a huge platform for his agenda. Perspective on U.S. energy production — oil vs. solar and wind. No conservative professors wanted in academia, sometimes literally. Daily Features: Top Headlines, Memes, Cartoons, Columnists and Short Cuts.
THE FOUNDATION
“I think all the world would gain by setting commerce at perfect liberty.” —Thomas Jefferson (1785)
IN BRIEF
Rising Income, Dodd-Frank Rollback Yield GOP Support1
Nate Jackson
Lower taxes and reduced regulations have been a theme of Donald Trump’s presidency. The result has been a boost to the economy. The latest is a report showing that median household income is steadily rising again after stagnating during the previous administration. In January 2017, it was $59,471; now, it’s $61,483. According to2 Investor’s Business Daily (IBD), “Household income is now higher than it’s been in at least 50 years — after adjusting for inflation.” The economy is largely about consumer confidence. Rising incomes, more jobs, lower taxes and less regulation all add up to help people feel better about the economy, which then propels even more growth.
So it’s against this backdrop that Congress has accomplished a notable feat — rolling back significant chunks of Democrats’ onerous financial regulations. In 2010, Democrats rammed through the massive Dodd-Frank regulatory package in the wake of the 2008 financial crisis, which, by the way, Democrats created3 with bad policy started in Bill Clinton’s administration. The result of Barack Obama’s regulatory bonanza was years of stagnation.
Tuesday night, the House passed reform legislation, following the Senate’s lead4 back in March. The bill falls short of dismantling Dodd-Frank, but it will substantially help smaller banks that weren’t big enough to cope with Democrats’ massive regulations. Republicans raised the threshold for many of those regulations from $50 billion in assets to $250 billion, meaning just 12 banks will be subject to onerous oversight instead of 38.
“You take what you can get,” said economist Stephen Moore. “If I can get half a loaf, I take that over no loaf at all.”
Meanwhile, one final measure of the economy may actually be the “generic ballot” poll between Republicans and Democrats. “As recently as March,” IBD notes, “Democrats had an average 9-point lead on this question — which is seen as an indicator of the enthusiasm for the two parties going into the midterm elections in November.” Now? Republicans are up by six points, their first lead in this election cycle. Perhaps voters are putting two and two together — Trump’s economic policies are directly benefiting the average American. Why go back to the Democrat malaise?
https://patriotpost.us/articles/56138-rising-income-dodd-frank-rollback-yield-gop-support
Spygate: Brennan Was the Deep-State Boss5
Thomas Gallatin
More news has come to light that implicates Barack Obama-era officials for involvement in a plot that President Donald Trump has dubbed “Spygate6.” Mounting evidence suggests that leadership within U.S. intelligence agencies, specifically the FBI and CIA, secretly orchestrated a surveillance operation against the Trump campaign soon after he won the Republican primary. As we noted7 last week, it appears that part of this joint CIA-FBI program, codenamed “Operation Crossfire Hurricane8,” was the placement of a mole within the Trump campaign. That spy is widely believed9 to be Stefan Halper, a professor with dual U.S.-British citizenship who has deep connections with both U.S. and British intelligence.
However, it’s those individuals behind any plot who are the most responsible. And a name that has been rapidly rising to the top of the Spygate suspect list is that of Barack Obama’s former CIA director, John Brennan. Brennan has been one of the loudest Obama-era officials in criticizing Trump, regularly blaming him for “threatening America’s democracy.” Typical of this hyperbole was his message to congressional Republican leaders on Sunday, in which he warned, “If Mr. Trump continues along this disastrous path, you will bear major responsibility for the harm done to our democracy. You do a great disservice to our Nation & the Republican Party if you continue to enable Mr. Trump’s self-serving actions.”
But what makes Brennan rise to the top of the list are questions regarding his involvement with the infamous Christopher Steele dossier — you know, the one funded by Hillary Clinton and the DNC10. It appears that Brennan lied to Congress when he testified that the Steele dossier had nothing to do with the intelligence community’s conclusion that Russian election interference was intended to help Trump. As Investor’s Business Daily notes11, “Brennan also lied when he said he didn’t know who was behind the Steele dossier, even though both the Justice Department and FBI knew a year earlier that Hillary Clinton, Trump’s foe, had paid for the Steele hit job. The idea [that] Brennan, head of the world’s most powerful spy agency, didn’t know who was paying for the dossier simply isn’t credible on any level.”
Is Brennan in hot water? Was his recent warning to Republicans a calculated attempt to shift focus away from himself and his actions? It remains to be seen.
https://patriotpost.us/articles/56141-spygate-trump-calls-out-deep-state-conspiracy
Top Headlines12
Primary results in Georgia, Texas and Kentucky (The Washington Post13) House overwhelmingly passes bipartisan prison reform bill (New York Post14) House sends “right to try15” bill to Trump’s desk (National Review16) Conservative Republicans introduce resolution calling for second special counsel (CNS News17) Sources: FBI agents want Congress to issue them subpoenas so they can reveal the Bureau’s dirt (The Daily Caller18.) Trump: There’s no deal with China on ZTE, and I’m not satisfied with trade talks (CNBC19) MS-13 gang member nicknamed “Animal” sentenced to 40 years (The Washington Times20) Court sides with transgender Virginia student in her fight to use the boys’ bathroom (The Washington Post21) Rubio, Diaz-Balart call for U.S. authorities to indict Raul Castro (The Washington Free Beacon22) Humor: Democrat leaders call for new investigation to investigate the investigators investigating the investigators (The Babylon Bee23) Policy: Trump’s Iran policy ends disastrous Obama era of nuclear appeasement (Investor’s Business Daily24) Policy: Five facts you need to know about criminal justice reform (Real Clear Policy25)
For more of today’s news, visit Patriot Headline Report26.
https://patriotpost.us/articles/56142-wednesday-top-headlines
FEATURED ANALYSIS Netflix Gives Obama a Huge Platform27
Louis DeBroux
For a man so obsessed with income inequality as president, Barack Obama sure has come out on the winning end of the equation since leaving office. He and his wife Michelle are living quite cozily in their $8.1 million DC mansion in the exclusive Kalorama neighborhood (when not at their California or Hawaii vacation homes28.), having landed a $65 million book deal for their memoirs, which has supplemented the $400,000-a-pop speaking fees Obama has racked up giving speeches to the very Wall Street “fat cats” he so recently excoriated. Perhaps the anti-capitalist progressives might see this as a tad hypocritical of Obama29.
Yet apparently this lavish wealth isn’t enough for the former community organizer, as evidenced by the deal he and Michelle just inked with Netflix — a deal reportedly worth tens of millions of dollars. It’s hard not to see this as a kickback from Netflix to Obama30 for pushing through so-called “net neutrality” rules, bypassing Congress in the process, which prevented Internet service providers from charging a premium to streaming services like Netflix.
Announcing the formation of Higher Ground Productions31 to produce content, Obama said that their goal is to “cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world.” How sweet.
When rumors of the deal surfaced in March, The New York Times reported that the Obamas did not intend to produce shows that “directly respond to President Trump or conservative critics.” However, considering Obama’s farewell promise32 that he would not follow the example of past presidents in refraining from criticizing his successor, but would instead continue to be a vocal opponent of Trump and the Republicans, one can surmise that his content will likely be partisan.
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