Category Archives: Donald Trump

Idaho The Leader In the Demise of Obamacare!

The Great State of Idaho is now not only the most beautiful State in the Union but now it is the BRIGHTEST!  Not only are we a “liberty first” State, we are now the State leading the way for other States to join with us in Repealing and Replacing Obamacare by IGNORING IT!  By allowing for free markets and free citizens and families to chose the type of healthcare insurance they want, not what an overreaching Central Government thinks we NEED!

Idaho Governor Butch Otter signed an Executive Order in January of 2018.  The EO directs the Idaho Department of Insurance to allow insurers to create insurance plans that do not comply with Obamacare rules but serve the needs of Idaho citizens!  Novel Concept!

In defending this EO, the Governor stated:

“Congress and President Trump have eliminated the individual mandate requiring all Americans to buy Obamacare plans or face financial penalties.  That means we will no longer be penalized for buying coverage that doesn’t meet all the Obamacare rules.”

“We have been waiting patiently while Congress has been unable to find a solution and Idaho families have been forced to buy products that are too expensive and loaded with benefits they don’t want or need.  Now the door is open for states to pursue our own reasonable solutions.”

Enter the Legal Beagles.  A law professor at Washington and Lee University, Tim Jost,  questioned the constitutionality of the Otter EO.  “States can’t say we’ve decided we’re not going to follow the federal law anymore.  We tried that in the 1860s and it didn’t work.”  Mr. Jost’s drawing an equivalency between slavery and Obamacare mandates is actually somewhat true, but in the negative!  It would be like the Federal Government MANDATING Slavery rather than abolishing slavery!  Also, just to be clear, the 1860 issue was over the States right to severe its membership in the Union.  In this instance, it is over the States rights to govern its citizens concerning matters not specifically attributed to the Federal Government by the US Constitution!  Keep in mind, less than a 3.6 percent of the American Citizens are actually enrolled in Obamacare!  Obama himself had kept Obamacare from being universally implemented by annually granting exemptions to private employers, labor unions and many others.  Obamacare is not the “law of the land” as it has not been implemented by its namesake!

Being a recent escapee from the Communist Socialist Republic of California, the Idaho EO is a breath of fresh air.  Leaving the lawlessness of California behind, and its self-described Sanctuary State designation that pits illegal immigrants against its own citizens, and its flagrant flouting of the Federal laws against Marijuana and others, Idaho standing up for the rights of its citizens to seek and buy, or not, healthcare insurance that suits their needs, is the epitome of Constitutional Protections under the Tenth Amendment.  

Whether the legislatively prone Chief Justice John Roberts will concur with Otter’s EO or not, may be known in the next session of the Supreme Court beginning in October of 2018.  But, Roberts had no problem taking rights away from US Citizens in his idiotic justification for the Obamacare “Tax” and “Mandates”, that Obama said was not a tax, so maybe he will “right” his wrong and vote to uphold the rights of US citizens…

Regardless, as a recent immigrant to Idaho, I am proud of my new State, its people, its government, and our new domicile in Coeur d’Alene.  Hopefully, other states will see that standing by their citizens and their rights is worth taking on the courts and perhaps the Federal Government.  I doubt that the Trump Administration would join in a lawsuit against Idaho for trying to kill Obamacare!  Governor Otter may even receive a medal from President Trump!

RD Pierini

 

Hat Tips:

http://thehill.com/policy/healthcare/367672-idaho-governor-signs-order-seeking-to-roll-back-obamacare-rules

https://www.healthinsurance.org/idaho-state-health-insurance-exchange/

http://www.chicagotribune.com/business/ct-biz-obamacare-enrollment-numbers-20180207-story.html

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RINO Watch Weekly Report: “Stupid is as Stupid Does! 2/14/18

This is our 2nd installment of our RINO Watch stupidity report.  I know I will never run out of materials as the RINOs always outdo themselves to vie for the stupidity award.  This week is no exception!


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GOP’s Head of Its 2018 National Senatorial Campaign Committee Ditches Trump’s Immigration Plan for the Schumer Amnesty Plan

You just can’t make this stuff up.  Colorado (the home of legalized legal pot) Senator Cory Gardner broke ranks with the President and endorsed the Schumer amnesty bill.  Under this bill, 2 million illegal aliens, ostensibly DACA candidates, would be granted amnesty and citizenship, the $25 Billion for the wall could be used for “other” purposes, NO changes to chain migration, leave the VISA lottery in place, and no additional border security changes such as doing away with the idiotic “catch and release” program.  

Gardner knows that the President supports Senator Grassley’s bill that includes all 4 of the Trump template for the DACA immigration reform.  

What does this mean for the GOP’s chance of increasing its seats in the Senate in the 2018 Mid-Terms when you have the head of the re-election committee obstructing the President’s agenda!  Especially since the public overwhelmingly supports the Presidents framework for immigration.  Remember, this clown Gardner controls the cash for candidates who are seeking election in 2018.  How can Mitch McConnell have an idiot like Gardner running the National Senatorial Campaign Committee?  RINO’s have all had a lobotomy.

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Committee Chairman Sen. Bob Corker (R-TN) listens as Assistant U.S. Secretary of State for Western Hemisphere Affairs Roberta Jacobson testifies before the Senate Foreign Relations Committee May 20, 2015 in Washington, DC. The committee heard testimony on the topic of 'U.S. Cuban Relations - The Way Forward.' (Photo by Win McNamee/Getty Images)

Liddle Bobby Corker, Senator from Tennessee, Changes His Liddle Mind and Wants to Run for Re-Election!

In September of 2017, Corker announced that he would not seek re-election.  Now, he is having second thoughts.  After all, what would Liddle Bobby Corker do without his Senate Cafeteria pass?  Remember, once again, Corker is a RINO that has badmouthed the President incessantly since the 2016 election.  But, after the Trump Tax cuts are becoming popular, Liddle Bobby wants to jump up and try to grab onto the Trump coattails!  Liddle Bobby, go away quietly and let a real conservative populist, Marsha Blackburn, step up and take over you vacuous place!

The Tennessee Tea Parties are ready to jump all over Corker if he chucks his hat into the ring.  Former Putnam County Republican Chairman and conservative activist Rachel Welch told Breitbart, “If Corker makes it official that he’s running, I am calling Rep. Marsha Blackburn’s office in the next minute and offering every ounce of time, energy, events coordination, and money I can muster.  “And I would look forward to the #humiliation Corker would suffer in losing as an incumbent. Go away Liddle Senator Bob Corker. Just GO AWAY.”

Can’t add much to that!

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Republican Trey Gowdy Opens an Investigation into Trump Handling of the Rob Porter Spousal Abuse Vetting

If having the Democrats and the Swamp going after the Trump administration for Russian Collusion, obstruction of justice and jay-walking, we now have the House Government Oversight Committee looking into how the White House Staff Secretary was allowed to work in the White House since his two ex-wives alleged he was physically and emotionally abusive to them.  

I get it. spousal abuse is a serious and inexcusable offense against wives and husbands and cannot be condoned.  But, Gowdy jumped the gun after FBI head Christopher Wray testified that the FBI had finished their vetting of Rob Porter last July and then November.  Gowdy, did not even mention the White House Personnel Security department who is the liaison with the FBI in vetting of WH staff and who is the interface with the White House Chief of Staff, not the FBI!  

My issue with the Gowdy inquiry is that we have the Obama FBI, the DOJ, the Intel agencies and the State Department absolutely interfering with a Presidential election.  While spousal abuse is serious, it is secondary to interference with a Constitutionally specified election of the highest office of the land.  Further, Republicans are better at investigating Republicans as they won’t have to fight the press like they do when trying to prosecute the attempted coup d’état against Donald Trump!

We posted an article on the Rob Porter Roast yesterday.  You can read it at https://wp.me/pY51c-19G.

Anyone remember who was prosecuted when Gowdy investigated the Benghazi fiasco when 4 Americans died at the inept hand of the Obama/Clinton administration.  Oh yeah, NO ONE WAS REFERRED BY GOWDY FOR PROSECUTION.

RD Pierini

@RDPierini

 

Hat Tips

http://www.breitbart.com/2018-elections/2018/02/14/gop-senate-campaign-manager-2018-splits-from-gop-pushes-amnesty/

https://www.newsmax.com/politics/trey-gowdy-rob-porter-probe-white-house/2018/02/14/id/843295/

WH Staff Secretary Rob Porter and the Obsession of the Washington Press Corp

Last week, allegations of spousal abuse by Rob Porter, White House Staff Secretary, hit all of the tabloids now known as the main stream media and continued through today’s White House Press briefing.  The allegations have been made by Porter’s two x-wives, Colbie Holderness and Jennifer Willough.  Holderness, Porters first wife, alleges that the emotional and physical abuse began in 2003 and ended with their divorce in 2008.  She released the photo with her black eye, shown above, when she recounted her story to the Daily Mail.  Jennifer Willoughby, Porter’s 2nd wife, also alleges that she suffered physical and emotional abuse.  She actually sought a protective order against Porter.  Rob Porter resigned on February 7th, at the request of the Chief of Staff John Kelly, adamantly claiming that the allegations were totally false.

What is the Scandal According to the WH Press Corps

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At the apex of the story, is the MSM war against Trump Chief of Staff General John Kelly.  Kelly claimed that he only learned of the depth of the alleged spousal abuse last week.  He also made statements that according to his professional interactions with Rob Porter, Porter was “man of true integrity and honor.”    Kelly also said later that he was shocked at the by the allegations against Porter.  So, the WH Press Corps could care less about spousal abuse, Rob Porter, or the x-wives, their focus is on getting COS Kelly fired!  As a secondary goal, they are trying to pin this on President Trump and show his lack of disregard for spousal abuse as a symptom of his misogyny!  

Today, other than two questions by the WH Press Corps of WH Press Secretary Sarah Sanders, the questions were all about the “lies” by John Kelly and other WH staff persons who have addressed the Rob Porter “scandal”.  Not sure if the WH Press Corp believes the scandal is the spousal abuse or John Kelly supposedly trying to “hide” Porter’s aberrant behavior and this behavior “obviously” endangered our national security.  (Guess they missed the whole Hillary Clinton private server thing!) 

There have been zero questions since last Thursday from this group of pretend journalists concerning the war in Afghanistan, the Syrian-Israeli combat escalation, North Korean threat, our budget, immigration, or any other topic that the American really cares about!   They have yet to discuss the “Trump Dossier”, the abuses within the DOJ and FBI regarding their investigative abuses of President Trump and his administration and prior campaign.  

At the crux of the John Kelly/Rob Porter “scandal” is who knew what and when. 

But what the WH Press Corps fails to understand is how security and background checks actually occur.  First of all, there are three agencies involved in the process.

  1. The FBI does the interviews and background checks on all WH staff to determine the security worthiness of potential staff.  They involve other intel agencies as they feel appropriate.  After a partial investigation, if they have not uncovered any red flags, they will issue a temporary security clearance and state any reservations or controls they may recommend pending the final clearance check.  The FBI did interview both of the ex-wives of Rob Porter.  It is not known what the FBI included or excluded in their report on Porter.
  2. The White House Personnel Security Office (WHPSO) is a checkpoint and is the liaison with the FBI regarding background checks and security clearances for potential White House staff.  The WHPSO submits background requests then interacts directly with the FBI until the process has been completed for a given individual.  The WHPSO may request additional information or investigation depending on the information it has received from the FBI or other sources.  If the FBI did include any information on the ex-wives, then the WHPSO would have had to evaluate it and report it to the WH in their report and recommendation.  This is true even after the FBI has released its FINAL report on a given individual.  THE REVIEW IS NOT COMPLETE AND SENT ON TO THE WHITE HOUSE UNTIL THE WHPSO HAS GIVEN ITS FINAL APPROVAL OF THE RESULTS.
  3. The White House Chief of Staff interacts with the WHPSO regarding interim and final background and security checks.  The WHPSO does not issue a definitive judgement to the WH until the process is complete.  Chief of Staff Kelly stated that he was not aware of the allegations against Rob Porter until early last week, a day before Porter’s resignation.  It is really not known whether the WHPSO gave Kelly any interim information on the allegations prior to last week or not.  Kelly claims they did not!  The FBI’s vetting procedures for investigation WH staff does not provide for direction interaction with the Chief of Staff.  Their communications go through the WHPSO!  

So, the WH Press Corps ignores or is ignorant of the actual vetting process.  Sarah Sanders repeated the three-legged communications tiers three times today but it apparently went over the heads of these “journalists”.  They are after the head of Chief of Staff John Kelly and the facts do not matter!

Trump is Unsupportive of Spousal Abuse Allegations

The last narrative that this august press group is pushing is that Trump is not supportive of spousal abuse accusers.  President Trump has repeatedly condemned spousal abuse of any kind.  The President has also stated, rightly so, that the accused is owed Due Process.  Gee, are we still in America?  Is the press aware of the firth and fourteenth Amendments of the US Constitution?  I doubt it.  

The bottom line with the President is that the accused and accuser both have rights and protections and both should be respected, regardless of the heinous nature of the allegations.  The President has also fully funded the Federal Government’s program on preventing spousal abuse and is waiting for Congress to fund the program.  You can advocate for both the accused and accuser’s rights without taking sides.  You can also be impressed with a staff member who has performed well professionally and not attached this admiration to an aberrant personal life!

This WH Press Corps will not be satisfied until President Trump is in their rear view mirror.  The sad part is that they are not serving the interests of the American public and reporting on issues of vital national interests and security.  While the Porter allegations are serious, Porter has resigned.  Period!  If his ex-wives want to try to come at Porter in civil court they may do so.  As far as the White House is concerned, and the American People, the Porter issue is over.

RD Pierini

@RDPierini

 

 

 

Trump Agenda Dependent on Dumping McConnell’s 60 Vote Rule

Even if the Republicans gain 9 seats in the Senate in the 2018 Mid-Terms, Trump will need the idiotic 60 vote rule in the Senate changed to a simple majority in order to complete our agenda and restore this country to economic prosperityWhat is McConnell’s excuse for hanging onto the 60 vote rule?  He says the Democrats will use this against the Republicans WHEN the Democrats take back the Senate!!!! 

Well, if you don’t pass the Trump agenda, you will ensure that the Democrats take over the Senate in 2018!  

Will 60 Republicans in the Senate Save the Trump Agenda?

Nope!  We still have to deal with McCain, Graham, Murkowski, Collins and others who are left of center “Republicans”.  They will fight Trump on immigration, the budget, the Wall, and many other issues.  If the Senate does not dump the anti-democratic 60 vote rule, the Trump agenda will be in serious jeopardy.  Even worse, Trump’s long-term effort to reduce our deficit will be a lost hope.  Too many in the Senate are big spenders and who support big government programs like Obamacare!

Why do Senators love the 60 vote Rule?

Senators hide behind the 60 vote rule as an excuse for doing nothing to pass needed legislation!  When Republican Senators know that there will be less than 60 votes for a popular piece of legislation they actually oppose, they will vote for it in order to say that they voted on a popular issue but it did not pass!  The 60 vote rule is a gutless shield for do-nothing Senators.  If Republican members of the House knows that the Senate only needed 51 votes to pass legislation, you will also see just how lily-livered some of these members are as well.

Pressure Your Senator Now

During this Mid-Term year, pressure your Senator to do away with the 60 Vote rule.  If your Senator is not up for re-election, pressure  and pin down your candidates on their stance on the 60 vote rule.  Do note take any weak answer as an answer.  Also, pressure them on their position for eliminating the blocking of Presidential appointments.  After more than a year, Trump’s ambassador to Germany, a key European ally, is still not confirmed.  Many appointment have given up and withdrawn.  They can’t wait forever for the Senate.  They have families to support too!

RD Pierini

@RDPierini

 

 

DACA Isn’t the Real Issue-LEGAL Chain Migration and the Visa Lottery Is

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“Legal Immigration”, meaning the granting of permanent residency, adds about 1.2 Million immigrants per year.  But, when you add the immigrants that will be granted residency via chain immigration, this number swells to 5.5 Million new immigrants per year!  (This does not include those granted “temporary” VISAS that allow them to work or attend school in the US.)  In short, through legal immigration, we are adding 15,000 future citizens every day!

Conversation Today:

Are you confused about all of the non-stop rhetoric coming from the Main Stream Media, pundits and your elected officials?  Do you know what a Green Card is?  Do you know what DACA, Chain Migration, the Visa Lottery, Catch and Release and other such immigration terms actually mean?

Today’s rhetoric is focused on the debate surrounding how to deal with the DACA people who were brought into the US as minors by their parents and others.  It is estimated that 1.8 Million people in the US may qualify as DACA applicants if they meet certain conditions.  Of these 1.8 million, only 690,000 have actually signed up as a DACA applicant/candidate.  There is a myriad of reasons why the other 1.1 million potentially eligible DACA people have not signed up.  It is said that DACA eligible people were brought to the US by their parents or others and have not known any other country as home.  This is probably true in some cases while others have actually applied for and traveled back and forth to their parent’s home country which is by definition their home country.  In addition to the 1.8 million DACA eligible applicants, if the current chain migration law is not changed, this could swell immigration by 6.21 million rather than 1.8 million.  This is using a chain migration factor of 3.45 which is the recent trend. (3.45 x 1.8M = 6.21M)  DACA is not the real issue, DACA plus the Current Chain Migration policy is!

If we do not deal with DACA and their related Chain Migration, we will be adding thousands of new potential DACA candidates every year.  Doing nothing leaves the DACA candidates here while their ranks continue to grow!

President Trump and DACA

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President Trump recently unveiled his 4 point criteria for allowing DACA applicant to eventually gain citizenship.  The President actually put forth all 1.8 million potential DACA eligible people on the table to be eligible for citizenship after 10-12 years.  But, they have to apply; have to qualify for the program; cannot be on government assistance during their probationary period; and cannot commit crimes as specified.  The DACA recipients would only be able to “chain migrate” their spouse and their children.

Again, if we do not deal with DACA and their related Chain Migration, we will be adding thousands of new potential DACA candidates every year.  Doing nothing leaves the DACA candidates here while their ranks continue to grow!

The other three legs of Trump’s DACA plan include modifications to Chain Migration; the elimination of the Visa Lottery; and a $25 Billion dollar funding of the wall, additional ICE agents, and major modifications to the current immigration law including the end to the “catch and release” law.  Why did the President add these three components to his DACA proposal?  Let’s look at Chain Migration, the Visa Lottery and the need to tighten border security via legislation.

Catch and Release and Other Policies:

Catch and Release is an idiotic law that allows any illegal alien who crosses our border to stay in the country until he or she has a hearing to determine if they can be deported.  Sounds great but it really means that if you made it across the border you are home free. The overwhelming majority of these illegal aliens never show up to their court hearing and disperse throughout the US.  Minors who cross and are detained at the border receive even more concessions and benefits.  Plus, if illegal alien parents bring their minor children across the border illegally, those children are now potentially DACA eligible kids.  So, without killing catch and release, you are just encouraging illegal immigration and perpetuating DACA.

The law needs to allow immediate deportation when illegals are detained at the border.  The President is asking for additional judges and court to be set up on the border to quickly adjudicate any detainee issues and expedite deportation.  If not, the border becomes a game of “tag” where an illegal alien wins when they illegally cross the border before an agent can stop them!

The use of E-Verify must be mandated for employers prior to hiring and for governmental agencies before social benefits are approved.  This database has to be updated and all VISA recipients must be added as a tracking mechanism.  VISA overstays is a major contributor to our current illegal alien population! 

Chain Migration:

Above is an example of a “Green Card” that is used today.  Please note, this is a card to identify a PERMANENT RESIDENT.

Today, immigrants who receive “green cards”, were allowed to bring in spouses, children, parents and other relatives who qualify for their “chain”.   Following a cursory vetting, those related to the initiating immigrant are granted a “green card” and were eligible to become citizens!  Today, the ratio between new “green card” holders and those they “chain migrate” is 3.45:1.  For each legal immigrant, they are sponsoring an average of 3.45 people.  Those 3.45, can eventually sponsor other immigrants.  Today, Chain Immigrants comprise over 60% of all immigration!  Between 1981 and 2016, out of 33 million immigrants, 20 million were chain immigrants!

Chain immigration of older parents can dramatically impact social security funds and add a burden to our healthcare system.  The average age of “parental” chain immigrants is 50 years of age.  This is only 12 years prior to attaining the age where they would be eligible for social security.  

Chain migration should be eliminated altogether; or, made a criteria within a merit based system; or at the very least restricted to a spouse and minor children.  Without controls on chain migration, no real migration policy reform is possible.  Chain rolls will continue to swell the immigration numbers.  

Visa-Lottery

Ending the Visa-Lottery is an absolute need.  It is an idiotic practice that has no benefit to the US as a nation.  It is a crap shoot as to who will get in and if they will be a net benefit or cost to the taxpayers.  Plus, beneficiaries of the lottery also have the right to chain migrate their families!  The US must take control of its immigration policy and ensure that new immigrants have the immediate potential to benefit this nation, its economy and culture.

Doing Nothing is Not An Option

Immigration is not one of those issues that do not have an impact if you do nothing to correct its issues.  If immigration is not addressed, each year we will add hundreds of thousand more illegal immigrants; allow more illegal aliens into this country; and continue to spend a net $115,000,000,000 (billion) each year to support the illegal alien population.  Plus, the DACA problem will continue to grow as more minor children are dropped at our borders.  Without ending Catch and Release, the problem is impossible to mitigate.  Granting DACA recipients a path to citizenship without fixing our immigration system and border security, is a fool’s errand.  

RD Pierini

@RDPierini

 

 

Federal Definition of a Green Card recipient:

“A Green Card holder (permanent resident) is someone who has been granted authorization to live and work in the United States on a permanent basis. . .You can become a permanent resident several different ways. Most individuals are sponsored by a family member or employer in the United States. Other individuals may become permanent residents through refugee or asylee status or other humanitarian programs. In some cases, you may be eligible to file for yourself…Any person not a citizen of the United States who is residing the in the U.S. under legally recognized and lawfully recorded permanent residence as an immigrant. Also known as “Permanent Resident Alien,” “Resident Alien Permit Holder,” and “Green Card Holder.”

 

Hat Tips:

https://cis.org/sites/default/files/2017-09/vaughan-chain-migration_1.pdf

https://cis.org/Legal-Immigration

https://cis.org/Report/18-Million-Immigrants-Likely-Arrived-2016-Matching-Highest-Level-US-History

 

Do You Believe that Obama Deficits were $10 Trillion? Wrong!

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Obama, The Federal Reserve, and Donald Trump

You have been led to believe that the Obama Presidency ran the National Debt to $19.5 Trillion Dollars.  Further, that Obama doubled the amount of US Debt of all of his predecessors combined.  What did you miss?

Remember Ben Bernanke at the Federal Reserve and his wonderful invention called “Quantitative Easing”?  What?  Well, QE is a shifty way of “increasing” the National Debt without it increasing the National Debt!  Really?  Yep!  What happens is, the Federal Reserve, which is its own government independent of the US Government and can “borrow” money, print money, buy US Treasury notes, Money Backed Securities (remember the crash of 2008 when Freddie and Fannie blew up the real estate markets by allowing the bundling of bad sub-prime loans), and indirectly purchase stocks on the stock market.  Well, Obama and his brilliant team had no idea how to stimulate the economy organically, via tax cuts and investment incentives, so they joined the Federal Reserve and came up with Quantitative Easing.  So, what does this have to do with the National Debt?

Well, the Fed “increased” its securities assets by $4 Trillion dollars over the Obama 8 years.  But, since the Fed and Obama did not want to flood the money supply by printing worthless currency, so they used Quantitative easing to increase the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity!  The end result is the same!  Your dollars are worth $4 Trillion less and the Fed, and you the taxpayer, are on the hook for $4+ Trillion in debt that is not included in the National Debt!  

So, the real Obama National Debt is $24 Trillion!

Why does this matter to you? 

There is no free lunch!

So while the Fed and Obama were able to create a stock market bubble and drive up “preferred” stock prices for preferred companies, and absorb a lot of the residual Freddie and Fannie funny money debt, ($2 Trillion Dollars), they were postponing the need to payback this bubble once the economy got back on track!

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Enter Donald J. Trump and a US Economic Resurgence

So, in November 8th, 2016, Donald J. Trump was elected!  Immediately he reversed the Obama business choking regulations and by the end of his first year passed a historic Tax Cut.  The result, the economy immediately responded with new jobs, new business investment, repatriation of corporate money held overseas, and an optimism the country had not seen since Reagan.  Then, last week, the investor community woke up and suddenly remembered the $4+ Trillion dollar debt we have in the Fed Closet! In a few short days, the Dow dropped precipitously to December 2017 highs.

Why did panic set in?  Well, the markets are not necessarily logical and always are driven of EXPECTED future events!  What are the panic drivers?  FEAR of higher interest rates and their impact on the economy and consumer spending, FEAR of inflation as wages increase and more people enter the job market, and FEAR of FEAR!

  Are interest rate hikes and inflation increases fears realistic?  Probably to some degree.  The Janet Yellen Federal Reserve had been slowly increasing interest rates since Trump took office from the Obama zero interest rate era!  Last week, during Yellen’s last Fed meeting, she did not raise interest rates as expected and she should have and irresponsibly stated that the stock market was overvalued!  She was irresponsible because the Price/Earnings ratios of Dow and other markets have not grown unreasonably over the past year in spite of rising stock prices.  Earnings have risen pretty much with stock prices.  The Dow showed the highest gain in 2018 v 2017 with an increase to $25.98 from $20.31, the NASDAQ increased to $26.10 from $24.15 and the S&P 500 actually dropped to $21.71 from $24.18.  

Where will the Market Go and How do we Get Rid of Obama’s Extra $4+ Trillion in Fed Funny Money?

The economic fundamentals are sound.  Companies will continue to repatriate cash into the US, continue to expand manufacturing and other investments in the US, the labor participation rate will continue to add more citizens into the job force, and more jobs will be created.  Would an increase in interest rates kill the economy?  As long as interest rates stay around 5% and inflation stays around 3%, the world as we know it will not end!  Corporate borrowing will be almost nil for global entities due to the piles of cash they have had offshore that they will repatriate. The tax cuts will provide all companies with additional cash flow that will lower the demand for borrowing.  Consumers benefiting from higher wages will stay about where they are in terms of borrowing and interest rate increases will have minimal impact on already high credit card interest.  

If US GDP grows at 4-5%, and President can get his budget through in order to control costs, the Federal Government should generate sufficient tax revenues to start to reverse the National Debt.  As employment numbers continue to rise, payments into Social Security and Medicare will slow than stop the bleeding from these funds. The Federal Reserve has initiated a program whereby it will start to chip away at its $4+ Trillion dollars in quantitative easing debt at the rate of $10 Billion per month.  At this rate of principal reduction, no real impact on the overall economy should occur. 

So, the bad news is that Obama actually topped $24 Trillion in total national debt.  The good news is that Donald J. Trump is the current President of the US now!  If Clinton had been elected, the Obama economy that was based on a ballooning National Debt and a ballooning Federal Reserve debt on its balance sheet would have been perpetuated.  It would have been a matter of time before the US became a rival junk economy to Greece!

It is critical that Republicans hold the House of Representatives and pick up 9+ seats in the Senate during the 2018 mid-term elections.  President Trump will be able to then attack capital gains taxes and complete his revamping of the tax codes.  He will also be able to rebalance Social Security and Medicare funds and put them back on a solvent path.   Welfare reform via work programs will continue the cost reductions for the Federal and State governments.  There are a lot of systemic changes that still need to be made and President Trump needs a Congress that will support his policy changes…

RD Pierini

@RDPierini

 

 

 

Hat Tips

https://www.investopedia.com/terms/q/quantitative-easing.asp#ixzz56MKZJa00

 

http://wsj.com/mdc/public/page/2_3021-peyield.html

P/Es & Yields on Major Indexes

Dow Indexes

Monday, February 05, 2018

P/E RATIO
DIV YIELD
2/5/2018 Year ago Estimate^ 2/5/2018 Year ago
Dow Industrial 25.09 20.31 17.70 2.15 2.39
Dow Transportation 13.48 18.35 16.49 1.38 1.32
Dow Utility 26.56 26.71 17.21 3.53 3.47
P/E data based on as-reported earnings; estimate data based on operating earnings.
Sources: Birinyi Associates; WSJ Market Data Group
Other Indexes
Friday, February 02, 2018
P/E RATIO
DIV YIELD
2/2/2018 Year ago Estimate^ 2/2/2018 Year ago
Russell 2000 151.45 nil 25.65 1.30 1.42
Nasdaq 100 26.10 24.15 20.85 0.99 1.16
S&P 500 21.71 24.18 18.05 1.81 2.08
P/E data based on as-reported earnings; estimate data based on operating earnings.
Source: Birinyi Associates

House FISA Memo-What it Means and What is Next?

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The entire “Russia Collusion” story is so convoluted that it challenges even the most ardent follower of current events not to get lost in a maze of lies, corruption, and outright criminal activities, at the highest levels of the DOJ, the FBI and perhaps even our intel agencies.  The House Intelligence Committee Majority FISA Memo deals exclusively with a FISA warrant application that was sought unsuccessfully by the FBI and the DOJ initially in the summer of 2016 but then subsequently approved on October 21, 2016.  A FISA warrant allows the agencies to electronically surveil US citizens!  In this case, a political presidential candidate during a presidential election…  There is a lot we still do not know but here is what we know from the House FISA Memo (HFM).  

A FISA surveillance warrant targeted Carter Page, a “Trump Campaign Advisor”,  and was based on the unsubstantiated Russian Dossier and a September 23, 2016 article that appeared on Yahoo News based on the dossier information leaked to Yahoo by Christopher Steele, an FBI asset and the author of the dossier.  So, the FISA Warrant was apparently based primarily on the discredited Steele “Russian Dossier” and a “news” article based on that same dossier!  According to Andrew McCabe, the Deputy Director of the FBI when he testified before the Intel Committee in December of 2017, that no FISA warrant would have been sought WITHOUT THE STEELE DOSSIER INFORMATION!  

Who Paid For and Who Created the “Russian Dossier”:

The Russian Dossier was paid for by the Democrat National Committee (DNC) and the Hillary Clinton Campaign.   The FISA warrants omitted the fact that the underlying dossier was paid for by the DNC and the Clinton campaign making it a political document and not an investigative document.

The FBI also authorized payments to Steele for the same information he provided to the DNC and Clinton. 

Christopher Steele was compiled the dossier while also acting as an FBI “source”.  

The purpose of the Russian Dossier was to “obtain derogatory information on Donald Trump’s ties to Russia.”  

The FISA warrants omitted that Steele was working for and also being paid by Fusion GPS.

Who approved and signed the FISA Warrant:

There were 4 separate approvals by the FBI and DOJ of the FISA Warrant.  The initial warrant, and three subsequent renewals from the FISC.  On the FBI side, James Comey signed three of the applications and Andrew McCabe signed one.  On the DOJ side, Sally Yates, Dana Boente and Rod Rosenstein each signed one or more of the FISA applications.

The Russian Dossier, Fusion GPS and the FBI/DOJ:

Even after Steele was fired by the FBI, he maintained contact with the DOJ via Associate Deputy Attorney General Bruce Ore.  Ore worked closely with Deputy Attorney General Yates and Rosenstein!  Concurrently, Bruce Ore’s wife was working for Fusion GPS  charged with obtaining opposition research against Donald Trump.  This information was fed to the DOJ via Bruce Ore…  Steele admitted to Ore that he “was desperate that Donald Trump not get elected and was passionate about him not being president”.  So, Ore knew that Steele, the author of the dossier, was highly politically biased against Trump; that Steele was the author of the dossier, but Ore specifically made sure that his relationship with Steele and Fusion GPS was omitted from the FISA application!

Conspiracy

The HFM laid out a clear conspiracy within the DOJ and its FBI to undermine the Donald Trump Candidacy and then his presidency.  It clearly laid out a conspiracy to obtain the surveillance of a US citizen, who was part of a presidential campaign, the campaign itself, and then a US Presidency, using known, false information, paid for by a political rival candidate and a rival political national committee, to obtain a FISA warrant from a FISC.  It clearly lays out a conspiracy to surveil and gain information on a US Presidency based upon the same known false information.

Comey lied to President Trump when he told the President on January 6th, 2017, that the President was NOT under investigation.  The investigation actually began in mid 2016.  If Trump was not still under investigation, why had Comey and Rosenstein renewed the FISA warrant request multiple times!  Obviously Comey and Rosenstein conspired to continue to investigate the Trump Administration after the election!

Not Known

What is not known from the HFM is WHO was caught up in the Carter Page surveillance.  Or, if there was more than one FISA warrant sought and obtained.  Was Trump Tower caught up in the warrant.  Who else was surveiled and unmasked?  Was General Flynn surveilled and did that surveillance result in Flynn’s charges?

Next?

I hate Special Councils but there is a need to have another SC appointed.  This is due to the apparent lack of independence within the DOJ and the FBI.  How far are these agencies infected?  The Special Council should also be empowered to look at the Mueller investigation and how much of its investigation is predicated on the phony dossier.  Would Mueller even be investigating if the dossier did not exist?  I think not!  

RD Pierini

@RDPierini

 

RINO Watch Weekly Report: “Stupid is as Stupid Does!

At least once a week I will publish a RINO Watch stupidity report.  I know I will never run out of materials as the RINOs always outdo themselves to vie for the stupidity award.  This week is no exception!

*****

RINOs Respond to 8 Month Old FAKE NEWS Story and Warn Trump Not to Fire Heir Robert Mueller!

Of course the usual suspects, Lindsay Graham and Susan Collins, had to respond to a question from the media this weekend regarding their reaction to Trump wanting to fire Special Council Robert Mueller, or even conflicted Deputy AG Rosenstein.  This, in spite of the fact that this FAKE NEWS story was originally published almost 8 months ago and the President and his staff have denied the story!  Even Senator Grassley felt he had to chime in and warn Trump not to fire Mueller! 

DUH!  Assume the story is true, it has been 8 months and Trump has not fired Mueller yet!  So, Where is the BEEF?

RINOs suffer from the Al Sharpton Jessie Jackson Mic Syndrome (ASJJMS).  They can’t pass up opening their mouth when a mic and a camera are around.  It is like an automatic reflex.  Mic, mouth open.  Camera, mouth open.  Trouble is they never engage their brain before opening their mouths!

*****

Goofy Special Council Ken Starr-Mueller Should LOOK INTO whether Trump Lied About Wanting to Fire Mueller!

This is separate from the RINO comments above because Ken Starr proved that he is a Eunuch RINO as evidenced by his less than testosterone driven investigation of the obviously hyper-testosterone driven Bill Clinton.  The most NOT BRILLIANT admission by star in the interview was:

“He can ask for Mueller to be fired for any reason.  The president’s power is extremely broad, as long as he’s not engaged in discrimination or accepting bribes.”

Well, apparently he did not bribe himself nor is he discriminating against the old white guy Robert Mueller.  Maybe he is guilty of discriminating against Mueller’s obvious leftist-elite political animus, failure of Mueller to recuse himself in light of his obvious conflicts of interests, or maybe for just being an old white guy!

*****

RINOs Want to Stop the Release of the Nunes Memo Regarding Possible DOJ/FBI Corruption Regarding FISA Misuse

Lindsay Graham is in the spotlight once again along with the DOJ/FBI trying to Obstruct the Public’s Right to Know if its highest law enforcement and intelligence agencies have been corrupted!  Graham wants to wait to release the information until:

“I don’t want [the memo] released yet,” he said. “I want somebody without a political bias to come in and look at the allegations I have seen.”

And, pray tell dear Lindsay,  just who in Washington is WITHOUT POLITICAL BIAS!  

The TRUMP ADMINISTRATION’S own Department of Justice, through the Assistant Attorney General Stephen Boyd told Rep Nunes, the Chairman of the House Intelligence Committee, in a letter this week that releasing a memo  “extraordinarily reckless.”  How about the “extraordinarily reckless” abuses by the DOJ and the FBI to date in the Clinton Non-Investigation MATTER, the IRS Scandals, Fast and Furious Scandals, Benghazi botched investigations, Uranium-One “vetting” and more… 

Boyd thought that it would be a better idea to pass the memo to the DOJ  watchdog, DOJ Inspector General Michael Horowitz.  This would keep this out of the public for at least another 2 months.  Meanwhile the two Star-Struck lovers, Peter Strzok and Lisa Page are still working for the agencies in spite of their obvious bias as set forth in their own text messages.

Hopefully Nunes will get the committee to vote to release the memo this week.  President Trump has indicated that, in spite of the objections raised by his own DOJ and FBI, he would welcome the memo being made available to the public!  AG Sessions and the entire 7th floor of the FBI better not get too comfortable in their lush surroundings. 

The President can’t be very happy about the lack of respect he has been shown by this agencies!  The President has shown a great deal of constraint given that if he did ORDER the DOJ/FBI to release info, then the MSM and the left would cry OBSTRUCTION OF JUSTICE!  

RD Pierini

@RDPierini

Hat Tips:

https://www.newsmax.com/headline/lindsey-graham-susan-collins-trump-russia/2018/01/28/id/839925/

https://www.newsmax.com/politics/ken-starr-robert-mueller-president-donald-trump-russia-probe/2018/01/28/id/839929/

http://www.mcclatchydc.com/news/politics-government/white-house/article196966409.html

Trump’s Immigration Proposal-Chill Out! Understand the Plan First!

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Trump struck a nerve on the Right and the Left when he had Steven Miller announce his Border Wall/DACA/Immigration Plan yesterday.  Given both wings have slammed this proposal, actually gives this plan more, not less, merit!  Pelosi/Schumer and Ted Cruz all hit the mics to thump their chests and condemn the President’s plan!

But, What are the Facts?

Amnesty Vs Path to Citizenship:

The right is clamoring that this plan is Amnesty for 1.8 million DACA candidates.  Any plan to them is equal to amnesty.  When you press them, they say that rather than amnesty, the DACA candidates should get in line like every other immigration applicant.  OK, I agree, but so does Trump!  An immigration applicant files for immigration then undergoes a medical, criminal, and other forms of background checking.  This takes anywhere from 6 months, if you are married to an American citizen, to 3 years plus. 

TRUMP IS PROPOSING THAT THE DACA CANDIDATES WAIT 10-12 YEARS TO BECOME A CITIZEN DURING WHICH TIME THEY UNDERGO THE SAME BACKGROUND CHECKS AND PROVE THAT THEY ARE ELIGIBLE TO BE CONSIDERED AS A DACA CANDIDATE.  Further, during this period, the candidates can be rejected if they enroll to receive any type of government subsistence; or, if they commit a crime; or if they return to their “home” country without permission.

The right is apoplectic about the 1.8M DACA candidates that were included in the President’s plan.  CHILL!  The 690,000 DACA candidates are those who enrolled in the DACA program.  No one really knows but it is estimated that there are another 1.2M potential DACA enrollees who have not signed up yet.  Before you start screaming, “They had their chance”, there is a small roadblock called the US Constitution and its Equal Protection clause.  If a person otherwise qualifies as a DACA Candidate but did not sign up, the likelihood is extremely high that the Supreme Court would allow those people to enroll in DACA.  You may say that they are not citizens and have no rights.  Sorry but since they are in the US and have been residing here they to inherit constitutional protections.  It may be that rather than there being an additional 1.2M potential DACA enrollees, it may be less, it may be more.  But, the President realistically included actual and potential candidates.  Would you rather have this or have him lie to you and in the end you find out there were really 1.8 applicants!  

Since the President is putting a 10-12 year period restriction on the DACA candidates, I would think they would return to their parent’s home country and apply for citizenship!  It may be faster if this plan is adopted!  Since the President put in a 10-12 year implementation plan, this satisfies the BORDER SECURITY FIRST crowd!

$25 Billion for the Wall and Border Security

President Trump’s plan calls for $25Billion to be set aside, and not subject to future Congressional rescission, to build the wall, add more border agents, provide for additional security enhancements to the Southern and CANADIAN borders, and build border courts.  The President knows that he may or may not continue to have Republican majorities in the House and Senate and wants the funding to be set in stone.  Plus, he knows that he cannot implement all of the needed Wall and security changes in one or two budget years.  He does not want to take a chance on having Congress playing games with this funding.  Republicans or Democrats!

Chain Migration

President Trump included an end to chain migration and will ask that it be replaced with merit based migration requirements.  The only vestige to chain migration will be that an approved immigrant can bring his or her spouse and their children.  This also applies to the DACA candidates.

Visa Lottery Program:

The President is proposed that this program be eliminated totally.  As stated above, visa applicants will be subjected to merit based scrutiny and be required to meet specific criteria that documents that they will be contributory to the US economy.  More later.

Port and Northern Border Security

The President is also proposing measures to beef up port security to eliminate incoming illicit drugs and human trafficking.  These same measures will be put in place along our Canadian borders that span approximately 5,500 miles!  Just think how easy it is to cross the great lakes from Canada and enter the US!  Not hard!

Other Provisions:

Before we finish up with the other provisions, what Trump is actually doing is comprehensive immigration!  If he gets most of what he will finishing outlining next week, there were be few if any real major issues remaining regarding our immigration policy.  But, don’t tell the Left or the Media!

Legal Immigration:

The President will cut back on the numbers eligible to be approved to come into this country.  The President is slowing legal immigration to allow time to assimilate all of the chain, lottery, and refugee immigrants that have come into this country in the past 15 years.  He want to make sure we can ensure that hot pockets of unassimilated immigrants are successfully melded into our society and our economy.  He also wants to make sure that during the growth of our economy, that AMERICANS, not immigrants have priority to receive the newly created jobs!

The President is also proposing to crack down on legal Visa overstays that are the largest contributor to our illegal immigration.  As part of his border security provisions, he will be implementing tacking and apprehension policies to eliminate Visa overstays.

The President will also be proposing to beef up and require the use of E-Verify.  I am not sure if he will not only require private sector employees to use E-Verify, but he should force government welfare agencies, State Food Stamp agencies, and other governmental agencies who approve subsistence or healthcare assistance to use E-Verify.  Once the wall and other security policies are put in place, this will ensure that anyone who sneaks through will be caught by E-Verify and asked to leave or be prosecuted.

There will be other details that will be released next week and as they are I will update this post.  But, take a deep breath and take conservative and liberal media with a grain of salt when they rail against the President’s proposal.  Also, remember, final legislation is up to Congress.  So, when I hear Ted Cruz and other condemn this proposal, I would remind them that the President is trying to get YOU TO DO YOUR JOB AND COME UP WITH A BILL YOURSELVES!  It is easy to run up to a mic and complain. 

Actual work is hard, that is why it called work!

If the President can get his proposal through Congress, he will once again accomplish something no one has been able to do since before 1966, solve many immigration issues and secure this great nation.

 

RD Pierini

@RDPierini

 

Hat Tips

http://www.foxnews.com/politics/2018/01/25/trump-immigration-proposal-could-provide-path-to-citizenship-for-1-8-million-in-us-illegally.html

http://thehill.com/blogs/blog-briefing-room/370811-heritage-calls-trump-immigration-proposal-a-non-starter

 

 

 

Palestinian Cause Irrelevant to Middle East Power Players!

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The Palestinian “government”, and its President Mahmoud Abbas, are increasingly being isolated by the Middle Eastern power brokers consisting of Saudi Arabia, Egypt, Oman, UAE, Qatar, Kuwait, Dubai, and others.  The isolation is primarily the result of the Iranian Nuclear Agreement debacle pitting Shia Iran against virtually the balance of the Muslim Sunni Middle East. 

  • Iran presents an existential threat to the Sunni existence.
  • Secondly, President Trump, during his meeting in Saudi Arabia with 50 Middle Eastern and African nations, refocused these nations into a coalition against terrorism, a nuclear Iran, and their own national economies by creating plans to convert their oil wealth into broader investment economies. 
  • Third, Iranian backed Palestinian Hamas terrorism and Iranian controlled terrorist organization Hezbollah carries out attacks against Sunni nations and supports anti-Sunni uprisings such as in Yemen.  

In the late 1900’s, the Middle Eastern power brokers subsidized the Palestinian uprisings against Israel and in the case of Egypt, directly fought against Israel on behalf of the Palestinians.  This was a significant source of revenue for Egypt but the Egyptian people eventually forgot why they were fighting against Israel!  President Sadat of Egypt eventually signed a peace agreement with Israel extricating Egypt from a no-win war!  Sadat’s bravery was rewarded in his assassination by the Muslim Brotherhood.

Shrinking Israeli Footprint:  Since 1967, Israel has negotiated with the Palestinians and the US resulting in a diminishing land mass controlled by the Israelis.  The map below shows the lands controlled by Israel in 1967 and the impact of agreements in 1993 and 2001.  

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Close Neighbor Support:  The Palestinian government has been using terrorism attacks against Israel to continue to harass Israel.  Jordan, Israel’s neighbor to the East, has provided lip service support to the Palestinians as have Syria and Lebanon.  Jordan is being drained trying to deal with Syrian refugees, Syria’s civil war has decimated that government, and Lebanon has its own internal problems and fight against Iran backed Hezbollah.  All three have other priorities now relegating the Palestinian cause moot.   the Palestinian government is now somewhat isolated in dealing with Israel and on receives support in the United Nations.  The UN Support is pretty much lip-service and has done little to change the conditions on the ground!

European Support:  The Palestinians have solicited the support of EU nations and have been pretty successful gaining their votes in the UN Security Council and General Assembly.  But, the EU does not want to get its hands dirty nor really give any real help to the Palestinians and risk the ire of the US under Trump.  

Status Today:  So, without the Middle East power player’s financial and military support, and only receiving tepid support from the EU, the Palestinians have been relegated to a paper tiger in the region.  Yes, they can lob Iran supplied rockets from the Gaza strip and parts of the West Bank, but they have no real economic infrastructure from which to build a nation nor care for their people.  Israel is committed to dealing with a recalcitrant Palestinian government and deal with their attacks on a case by case basis.  Israeli Prime Minister Netanyahu is tightly aligned and supported by the Trump Administration.  Israel knows that President Trump has their back and the Palestinians know that President Trump will keep pressure on them to get to the table.

In short, the Palestinians prime support is coming from a Shia Iran who has become the prime enemy from the predominant Sunni Middle East.  Without external financial support, the Palestinians cannot support themselves!  President Trump just fired a shot across the Palestinian bow by recognizing Jerusalem as the Capital of Israel and that the US would be moving their embassy to Jerusalem from Tel Aviv.  This was a huge wake-up call for the Palestinians and took a bargaining chip off of the Palestinian side.

Yes, many of the nations of the world railed against the Trump decision to move our embassy to Jerusalem but in the final analysis, none of these phony expressions of outrage will change the new status quo between Israel and the Palestinians.  The Palestinian government will have to decide if they want to become a real nation or merely exist as an irrelevant terrorist group.  The contrast between the economies of Israel versus the Palestinians is stark at best.  

  • GDP:  Israel’s GDP is US$138.5 Billion while the Palestinian GDP is a paltry  US$10.5 Billion
  • Exports:  Israel exports equal US$92.3 Billion while the Palestinian exports are only US$6.47 Billion.

Palestinian President Abbas has a real challenge in trying to  convince Palestinian Hamas to moderate and cut a deal. 

See the source image

Hamas is literally a terrorist organization is survive off of cash from other countries.  They have no interest in governing!  If their terrorist attacks escalate, Abbas risks the US directly supporting Israel.  I am not sure if there is a deal to be had, but for the first time since 1948, conditions in the Middle East may force the Palestinians to wake up and negotiate in good faith.  If not, they will remain an impoverished group without a real home.

RD Pierini

@RDPierini