1
Trump Sees a China Trade Deal Through a New Prism: The 2020 Election
The president’s recent statements suggest he now believes that
demonstrating his toughness with China and walking away from a deal might
well put him in a better position politically than signing one.
It is always election time.
2
House Ways and Means Chairman Subpoenas Trump Tax Returns
Richard E. Neal, the panel’s chairman, dropped his use of a century-old
provision in the tax code and instead used a more common instrument to
demand President Trump’s tax returns: the subpoena.
Another court case to moot.
3
Pentagon Builds Deterrent Force Against Possible Iranian Attack
The Defense Department is deploying an antimissile battery, a limited step
taken in part because an intelligence analysis concluded that Iran is
trying to provoke the United States into overreacting.
The political tactics stink.
The Trump base needs an excuse.
4
Is Andrew Yang ‘Too Nice’ to Beat President Trump?
He faced the question again in New Hampshire as Kamala Harris and Joe Biden
were ratcheting up their attacks on the president.
Win some deligates.
Campaigning should be about policy with excitement.
5
White House Memo: Trump Usually Keeps Loyalists Close. But There Are Some Things He Can’t Forgive.
In President Trump’s world, most sins are eventually forgiven except for
one — profiting from his name.
Donald Trump maintains his mask.
The Republican party is his codependent.
6
White House Asked McGahn to Declare Trump Never Obstructed Justice
Two requests by presidential advisers show how far the White House has gone
to try to push back on accusations that the president obstructed justice.
This is Trump's fiction.
7
House Ways and Means Chairman Subpoenas Trump Tax Returns
Richard E. Neal, the panel’s chairman, dropped his use of a century-old
provision in the tax code and instead used a more common instrument to
demand President Trump’s tax returns: the subpoena.
Lawyers are cheaper than loses.
8
Pentagon Shifts $1.5 Billion to Border Wall From Afghan War Budget and Other Military Projects
The newest shift in money is in addition to the $1 billion that the Defense
Department transferred to wall construction in March from the Army’s
personnel budget.
Trump is not improving his position.
Another lawsuit won't help him.
9
HUD Says Its Proposed Limit on Public Housing Aid Could Displace 55,000 Children
The proposal, published on Friday, would prohibit families with at least
one undocumented immigrant from obtaining public housing benefits.
Punishing poverty does not help.
10
It Is Impossible To Control Corporations Without 90%+ Progressive Tax Rates
Probably 95% on any income over about a million, 90% on anything over 500K,
honestly. Dick “Fuld earned about $69.5 million in 2007, the year before
Lehman Brothers filed for bankruptcy in Sept. 2008. From 2000 to 2007, he
was awarded about $889.5 million and cashed out about $529 million of that
before the company […]
Inflation is a tax on money.
I would rather be direct.
11
Mueller Will Not Testify Next Week, but Democrats Are Not Giving Up
“He will come at some point,” said Representative Jerrold Nadler of New
York, the chairman of the House Judiciary Committee. “If necessary, we’ll
subpoena him.”
He will not testify while Trump controls him.
12
Mortgage Rates and Ten Year Yield
With the ten year yield at 2.45%, and based on an historical relationship,
30-year rates should currently be around 4.4%.
As of yesterday, Mortgage News Daily reported: Mortgage Rates Unchanged to
Slightly Lower
Mortgage rates were just slightly lower on average today with some lenders
flat and others distinctly lower. [*30YR FIXED - 4.25%*]
emphasis added
The graph shows the relationship between the monthly 10 year Treasury Yield
and 30 year mortgage rates from the Freddie Mac survey.
[image: Mortgage rates and 10 year Treasury Yield]Currently the 10 year
Treasury yield is at 2... more »
The banks appear to rate mortgage demand as low.
13
House Approves Disaster Relief and Puerto Rico Aid Over Trump’s Opposition
Senate passage and presidential signature are required.
The votes are not there for an override.
14
In her words: The Race to Limit Abortion Access
Four states have passed “heartbeat bills,” and Alabama is close to banning
most abortions completely, a direct challenge to Roe v. Wade.
These bills should be struck down.
15
Cleveland Fed: Key Measures Show Inflation Close to 2% in April
The Cleveland Fed released the median CPI and the trimmed-mean CPI this
morning:
According to the Federal Reserve Bank of Cleveland, the median Consumer
Price Index rose 0.2% (2.4% annualized rate) in April. The 16% trimmed-mean
Consumer Price Index also rose 0.2% (2.0% annualized rate) during the
month. The median CPI and 16% trimmed-mean CPI are measures of core
inflation calculated by the Federal Reserve Bank of Cleveland based on data
released in the Bureau of Labor Statistics’ (BLS) monthly CPI report.
Earlier today, the BLS reported that the seasonally adjusted CPI for all
ur... more »
The Fed will hold.
16
Trump Renews Trade War as China Talks End Without a Deal
The president, in a series of tweets, said a prolonged trade war would be
good for America even as negotiators returned to the table.
There may be trouble.
The farmers will suffer.
17
BLS: CPI increase 0.3% in April, Core CPI increased 0.1%
From the BLS:
*The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3
percent in April* on a seasonally adjusted basis after rising 0.4 percent
in March, the U.S. Bureau of Labor Statistics reported today. Over the last
12 months, the all items index increased 2.0 percent before seasonal
adjustment.
...
*The index for all items less food and energy increased 0.1 percent for the
third consecutive month*.
...
*The all items index increased 2.0 percent for the 12 months ending April*,
the largest 12-month increase since the period ending November 2018. *The
index for a... more »
No action from the Fed.
18
Times Insider: Life on the Campaign Trail: Regional Priorities, and Repetitive Jokes
As a national political reporter, I get the opportunity to hear some of
America’s most powerful people speak dozens of times.
The stump speeches are canned now.
19
Trump Considers Them Terrorists, but Some Are Allies
President Trump’s proposal to designate the Muslim Brotherhood as a
terrorist group risks upsetting American allies from Turkey to Indonesia.
Trump does not think.
20
Can the Racial Wealth Gap Be Closed Without Speaking of Race?
Political momentum on the left for such an effort must face the reality of
legal obstacles, particularly from the Supreme Court.
A steeply graduated combination of income and wealth taxes is probably the best corrective.
I favor taxes over inflation because of the flat nature of inflation.
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