Another Oy Weekend ๐ฑ ✡️๐ป๐ฑ ๐ฃ๐๐ข
Weekend Follies: After first deciding not to include VP Vance with his negotiating team, Trump then cancelled real estate bro Witkoff and son in law Kushner’s trip to Pakistan so there’s little new to report on the war front except that overnight Iran sent in a proposal to end the war, leaving nuke negotiations for another time which kind of makes the pointless “excursion” that much more pointless. The Strait of Hormuz remains mostly closed, a particularly gnarly problem for those countries that rely on their oil and fertilizer transiting past Iran but also for everyone else because of the impact on related commodity prices. Oil shock aside, the bigger story of the weekend was the Saturday night shooting at the Washington Hilton, the hotel hosting the White House Correspondent’s dinner. Everything about the event was distressing. First and foremost, no one should try to assassinate anyone and no one particularly an unhinged guy with murderous intent should have access to guns. That said, a lot was wrong about the Correspondent’s dinner, not just the apparently inadequate security at the hotel, but the fact that Trump and his team, the very same people who routinely attack the press, calling them traitors or worse, and as reported last week had launched a criminal investigation into Elizabeth Williamson, the NY Times reporter for writing about FBI Director Kash Patel’s girlfriend, her FBI plane privileges and her government paid SWAT entourage, were in attendance, some hosted by the very same press outlets they routinely lambast. Sure, it’s normal for the White House to complain about press coverage but it’s not normal to routinely intimidate them and to ban mainstream outlets from the White House and Pentagon pools as this administration does. Much of the press keeps acting like an abused spouse, cowering, and subjecting themselves to more abuse rather than taking a firm stand against their abuser. Ironic but sadly not unexpected that during his quickly scheduled appearance on Sunday’s 60 Minutes Trump called Norah O’Donnell out as a horrible, disgraceful person who should be ashamed of herself when she asked about the contents of the attempted shooter’s manifesto while also saying it’s “the hate speech of the Democrats” that is “very dangerous” because while it’s cool for him and his team to viscously attack everyone, it’s not okay for Democrats to complain about him. In case you missed it new Homeland Security Secretary Markwayne Mullin called Democratic Senate leader Chuck Schumer who Trump routinely calls a Palestinian terrorist, a scumbag on Fox last week, and no one there even blinked. Moreover, the White House line is now that Trump’s east room ballroom monstrosity is needed more than ever, because a security breach would never happen in his desired eponymous Fortress Trump even though it probably could and would in part because the team leading his security would still be largely made up of the people he appointed for their money and obsequiousness rather than their ability.
Econ 101: Back in the before times there was Eastern Airlines which flew up and down the east coast of the US and to Latin America. Eastern ran the original Shuttle which flew hourly flights between NYC’s LaGuardia, Washington DC, and Boston, putting on extra flights at particularly busy times. Early on you could even buy your ticket on the plane. Like a lot of airlines, Eastern which was not known for either its comfort or its financial acumen was merged out of existence but in 1989, before it disappeared it sold its prized shuttle business including its fleet of Boeing 727s and its gate rights to Trump for $365 million. Trump who of course renamed the shuttle the Trump Shuttle, refitted the outdated gas guzzling 727s with heavy gold fixtures, making them heavier and more expensive to fly, and then in 1990 defaulted on Trump Shuttle’s debt. The consortium of lenders who’d financed his purchase then took back the shuttle, selling it to US Air. Trump now plans to use $500 million of our tax dollars to buy Spirit Airlines, the not so good airline which is struggling even more due to the rise in fuel prices attributable to the Iran war. What could possibly go wrong? Spirit isn’t his only acquisition, Trump who is supposedly a free-market Republican keeps using our tax dollars to invest in businesses under the guise of national security and while some of those investments might be justifiable, barely, purchasing Spirit Airlines is not. By the way, those tariffs he collected, his other brilliant economic move, the mechanism to return $166 billion of them is now in place. The good news is that the administration is abiding by the Supreme Court decision that ruled the tariffs illegal, the not so good news is that Trump is trying to intimidate the companies who paid the tariffs, saying that it would be in their best interests, wink, wink, not to apply for the refunds they’re owed. And the rest of us, who paid higher prices for tariffed products, forget about it.
More ๐ฉ: The Trump DOJ is going after the Southern Poverty Law Center, the legal advocacy organization that specializes in civil rights and public interest litigation. The DOJ got an Alabama grand jury to indict the Law Center for fraud. The allegation is that the Law Center deceived their contributors by using donations to pay informants to assist them in doing what they do, exposing the activities of the Ku Klux Klan and other hate groups. A large group of the Law Center’s donors have called B๐ฉ, saying that they’ve long been aware of where their donations go and that they’re fine with their money being used to unmask hate groups. Moreover, my TV and podcast legal advisor Andrew Weissmann, of Mueller fame, says the Law Center’s activities are legitimate and that there’s a reason that the DOJ sought the indictment in Alabama. Trump who ties everything to his 2020 election loss to Biden has pointed to the indictment as proof that the election was stolen. Don’t try to make sense of that because it’s nonsensical. In other election related news, yesterday while it considers the RNC lawsuit that the Virginia redistricting passed by the state’s voters should be blocked, Virginia’s Supreme Court denied the RNC’s request for a preliminary injunction blocking the new congressional map. And lastly, the DOJ kind of said that its pointless investigation of Fed Chair William Powell is over and as a result Republican Senator Thom Tillis who’d been holding up Trump nominee Kevin Warsh’s confirmation will now support him. Warsh by the way won’t come out and say that Trump lost in 2020, an indication that he is unlikely to be as independent as he says he will be. Also, Trump won’t say that he won’t have the DOJ restart its investigation into Powell. And Julia Varvaro, a 29-year-old Deputy Assistant Secretary for Counterterrorism at DHS, was placed on administrative leave following allegations from an ex-boyfriend that she engaged in a "sugar daddy" scheme and extorted him for money and luxury gifts. Only the best people protecting us from terrorist attacks.