Vipers
An Ordinary Day: By Trump standards, yesterday
was a relatively quiet day. With the
Trump shutdown over, at least for now, Speaker Pelosi sent Trump an invitation
to make his State of the Union address on February 5, an invitation that he
immediately accepted. As to the
shutdown, yesterday in her daily news conference, the one that now takes place
once a month, Press Secretary Huckabee Sanders insisted that Trump might still
shutdown the government if the group working on resolving border security
funding doesn’t provide Trump with funds for his WALL. That said, a number of Republican Senators are
adamantly opposed to the idea of another shutdown, they are concerned about
their 2020 political fortunes and aren’t all that pleased that the Congressional
Budget Office estimated that, in addition to causing a lot of suffering and the
loss of a considerable amount of goodwill, the shutdown that just ended cost the economy about
$11 billion, reflecting
lost output from federal workers, delayed government spending and reduced demand. The CBO estimates that though most of that damage
will be reversed as workers return to their jobs, about $3 billion in economic
activity will be permanently lost.
Additionally, the CBO projects that economic growth will slow this year
to 2.3%, compared with last year’s 3.1%, with much of that decline due to the fact
that last year’s tax cuts are having the long term impact that just about everyone
except for the administration expected.
In other words, the $1.5 trillion in tax cuts appears not to have had a major impact on capital
investment or hiring plans. To be sure
corporations and the wealthy are better off, but that whole trickle down thing
doesn’t appear to be working out all that well for the rest of the country.
Mueller
Front: Trump
buddy and self-professed dirty trickster Roger Stone who is telling anyone who’ll
listen that the FBI SWAT team that greeted him Friday morning gave him the full
Osama bin Laden treatment, will be arraigned today in a Washington DC court. He is expected to plead not guilty to the
seven count indictment bought by Special Counsel Mueller. Yesterday, Acting Attorney General Matt Whitaker who
asserts that he has been fully briefed by Mueller on the status of the
investigation claimed that it was winding down and nearing completion. Although Whitaker’s remarks initially
received a lot of attention, virtually every media outlet tweeted out the news,
once the assorted pundits took a step back they realized that Whitaker was
probably just saying what he thinks Trump wants to hear. It’s hard to believe that Mueller’s team
doesn’t need more time to analyze the electronic trail that they just obtained
from Stone’s laptops and phones. In addition, the lawyers for Andrew Miller, a
sometime aide to Stone, who has been fighting his subpoena for a year, report
that Mueller is still seeking his testimony for the grand jury. In any case, most expect that Mueller has a
few more indictments to hand down before he’s done, and that he is saving the best
for last, by best think those closest to Trump which may explain why Whitaker
made his remarks. He has an audience of
one, and his audience must have given him an earful last weekend over the Stone
indictment. Since soon to be Attorney General Barr continues to offer squishy
answers to questions concerning whether or not he plans to share Mueller’s
final report with the public, Senators Grassley and Blumenthal announced yesterday
that they are introducing legislation mandating that the report gets shared with
Congress as soon as it is prepared. In
other news, after the Washington DC judge
overseeing Paul Manafort’s case pushed off the hearing on whether or not his
lies broke his cooperation deal with Mueller until February 4, his Virginia
judge pushed off his previously planned sentencing
hearing saying that he couldn’t move forward until the Washington judge makes
her decision. Michael Cohen, who cancelled
his plans to testify in front of an open Joint Oversight and Intelligence hearing
citing fears rising from threats made by Trump and Rudy Giuliani has now hired
new lawyers and agreed to testify at a closed House Intelligence Committee
session on February 8. He will also meet
with the Oversight Committee but his new lawyers have not yet finalized those
details.
2020: The possibility that former Starbucks CEO
Howard Schultz will move forward with an independent run for the presidency is
freaking out lots of Democrats and never Trumpers but has helped at least one notable
person out of his Nancy Pelosi induced depression. That person, Donald J Trump, is already doing
his best to goad Schultz into making a firm commitment to run with a little reverse psychology,
yesterday he tweeted that Schultz doesn’t have the “guts” to do it. Others remain less enthusiastic to say the
least. During a Barnes & Noble interview
by CNBC’s Andrew Ross Sorkin a heckler shouted Schultz down, saying “Don’t Help
elect Trump, you egotistical, billionaire asshole.” Though he didn’t use the same language, former
NY Mayor Mike Bloomberg, appears to share the sentiment, he released a
statement saying that he’s done the research and concluded that “in 2020, the
great likelihood is that an independent would just split the anti-Trump vote,” adding
the “data was very clear and consistent, given the strong pull of partisanship
and the realities of the electoral college system, thee is no way an
independent can win.” Bloomberg went on
to say that this is the same conclusion he made in 2016 and it’s the reason
that if he decides to run he’ll run as a Democrat, summing up his view by
saying “we must remain united, and we must not allow any candidate to divide or
fracture us.” Despite the criticism Schultz
seems to be moving towards running. He’s
hired Steve Schmidt, the Republican political consultant who dropped his party
affiliation last year over his disgust with Trump. Schmidt’s proven before that his judgement
isn’t always spot on, he worked on John McCain’s 2008 campaign and was okay
with Sarah Palin until he wasn’t. At
this point the best thing that can be said about Schultz’s ambitions and
Schmidt’s willingness to serve as his “gun for hire” is that the two are just trying
to push the Democrats back towards the middle or at least towards a position
that’s just left of center. They
probably are less than pleased with Medicare for All, and Senator Warren’s
wealth tax proposal, the one that would mandate that people like Schultz with
assets in excess of $50 million hand over 2% or more of their fortune every year.
In other election news, Joe Biden says he’ll make his decision on whether to
run soon, former Attorney General Eric
Holder is considering a run and despite reports that she is also thinking about
jumping back into the fray, Hillary Clinton’s associates say she is not, thank
goodness.
Other News: During yesterday’s press conference national security
advisor Bolton and Treasury Secretary Mnuchin announced sanctions against PDVSA,
Venezuela’s state owned oil company, part of an effort to prevent Venezuela’s President
Maduro and his cronies from continuing to use the firm as their personal piggy
bank. When asked if any other measures
were planned against Venezuela, Bolton said that all options were on the table,
a comment that implied that military options are possible. That concern was heightened when virtually
every camera in the room panned to the yellow pad held sloppily in Bolton’s arms
where the words “5000 troops to Colombia” were written in an all too
decipherable scrawl. The White House response to questions about Bolton’s revealing
pad was that since they had already announced that all military options are on
the table what’s the bigly deal, it’s not like Bolton has a personal email
server or anything, he’s just sharing state secrets. Trump, who is already steaming about having to
cave to Speaker Pelosi and the Stone indictments, is also fairly pissed off
with the sensational disclosures in the books being hawked by former Governor
Chris Christie and one time aide Cliff Sims.
Christie is fairly soft on Trump but hammers Jared Kushner, blaming him for
upending his methodical approach to transition planning, a fair criticism given
the benefit of hindsight and the number of truly unqualified people that the
Trump team hired once Christie was summarily kicked off the team at Kushner’s “suggestion.”
Sims’ book is entitled “Nest of Vipers”
which pretty much says it all.
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