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- There has much Trump fury over the Fed Chairman’s decision to delay rate cuts. To Trump–the economy is not the important issue here–it is his business ability to borrow at low rates to make it easier to make more profits in the real estate world. So he beats on Chairman Jerome Powell who stands his ground. Trump has tried to fire him but apparently he failed. So the next step is to replace him when Powell’s term is up–later this year. Of course the next step is “who will be Powells’ follow-up successor”? Step forward a current member of the Committee, Christopher Waller, a Fed Governor. He has indicated a willingness to cut rates due to the benign inflation we see currently. We’re guessing he’s missed the tariff discussions and all the major corporation feedbacks as well as the economic reports from nearly every economist on the planet. In other words, Waller is saying “I’ll do whatever you want Mr. President–pick me!!!!” This is so sycophantish that we don’t see the need to comment. Reasonable people will see right through him and unreasonable people will choose not to look.
- So why did Trump bomb Iran? Answer: we think he wants to hold out the possibility that Israel will commit genocide in Gaza and he will be granted a development contract for a resort on the Mediterranean Sea. The hundreds of thousands of people who will die are just collateral damage to the president. No more Mr. Nice Guy!!!
- Next question: why did Trump extend the TIK-TOK deadline where he is requiring that social media platform to be owned by an American company? Answer: Originally, his intent was to negotiate a deal with the Chinese owners where he could personally profit but then his tariffs got in the way. Then Musk bolted and criticized Trump and his Big Beautiful (BS) Bill and even insinuated that Trump was on the Jeffrey Epstein sex trafficking tapes. OUCH!!! So now the answer is: Musk owns Twitter and as long as TIK-TOK is alive and kicking in America, Twitter is less likely to pick up as many subscribers. So–until Musk and Trump kiss and make up–the TIK-TOK ultimatum will swing in the wind.
- We have the fifth person to head the IRS since Trump took control on January 20th. The new guy is a total loser by reputation and his own words. He’s a realtor whose experience included a term as a Missouri state senator. During that term he championed THE TAX CODE ELIMINATION ACT which sought to eliminate the tax code entirely and replace it with a 30% sales tax. Thankfully, enough idiots saw the flaws in that position–but now he heads the agency he tried to eliminate…how quaint. Now he’s talking about upgrading the IRS and bringing “a new culture” to the agency. That’s novel since many key experienced IRS leaders are unemployed. Oh well, just another fine mess Trump has gotten us into–to quote Oliver Hardy (look it up).
- Apparently the attack on Greenland is back on the drawing board. Trump didn’t know that Denmark was the controller of Greenland and also a NATO ally. So he was surprised to realize that an attack n Greenland could require NATO allies to come to their defense. We’re surprised Trump knew what NATO is–maybe he didn’t and that’s when the you-know-what hit the fan for his attack plans. But he’s promised Putin a trade rout through the Northwest passage and he’s honor bound to deliver. Amazing–the use of the word “honor’ when referring to a Trump promise…
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