Category Archives: Economy
An AP story says 85 of 154 meetings Hillary Clinton had regarding private interests, when she was Secretary of State, were with Clinton Foundation donors.
Clinton Foundation Access Fit For A Prince
Some of those donors represented foreign interests too. Politico reported that the crown prince of Bahrain used his Clinton Foundation connection to get a meeting with Secretary Clinton. That was after he struck out going through “normal channels. So Clinton Foundation executive Doug Band emailed Huma Abedin with the request:
“Cp of Bahrain in tomorrow to Friday[.] Asking to see her[.] Good friend of ours,” Band wrote Abedin on her State Department email address on June 23, 2009.
Abedin responded the same day, a Tuesday, that the crown prince had asked to see Clinton through “normal channels” on Thursday and Friday.
“I asked and she said she doesn’t want to commit to anything for thurs or fri until she knows how she will feel. Also, she says that she may want to go to ny and doesn’t want to be committed to stuff in ny [sic],” Abedin wrote via her State account, following up that she meant “stuff in dc.”
Band responded to the first message, “Cool.”
Two days later, on June 25, 2009, Abedin wrote Band: “Offering bahrain cp 10 tomorrow for mtg [with ] hrc[.] If u see him, let him know.”
“We have reached out thru official channels,” Abedin added in the same message.
Band responded: “Nice[.] Abdullah is his guy[.] He’s great[.]”
Crown Prince Salman had committed $32 million to scholarships through the Clinton Global initiative.
Former House Speaker Dennis Hastert was busted for paying hush money by making cash withdrawals that would be difficult to trace. Never mind that he was a perv trying to hide the fact that he had molested a high school wrestler. It was violating the $10,000 cash withdrawal limit that got him busted.
“Hastert was indicted for two alleged felonies: 1) withdrawing cash from his bank accounts in amounts and patterns designed to hide the payments; and 2) lying to the FBI about the purpose of those withdrawals once they detected them and then inquired with him.”
Well, the WSJ reported yesterday that the Obama administration tried to hide a $400 million cash payment to Iran. And it tried to hide the purpose of the payment – ransom of five hostages.
The Justice Department opposed the deal.
Michelle Kosinski of CNN asked White House spokesman Josh Earnest if the hostages would have been released without the payment. He refused to answer. Actually, Earnest’s drawn out unrelated responses were kind of amusing. You can see the exchange at the -41:11 mark of this C-SPAN video.
The ransom was paid in Swiss Francs and Euros delivered by unmarked plane in the middle of the night. Since it’s against the law to trade dollars with Iran Dr. Krauthammer says the administration is guilty of money laundering.
Obviously, it wasn’t a coincidence. The reason that it was objected to by Justice, there is a statute that prohibits us from engaging in Iran dealing with dollars. So, they had to print the money here, ship it over to Switzerland, turn it into Swiss francs and euros and ship it over to Iran. If a private company had done this, this is called money laundering. The CEO would be in jail right now.”
He added, “The reason it was concealed is because it’s illegal. That’s why Congress wasn’t notified, because it’s scandalous for the administration to explicitly defy a law that says you can’t deal in American currency. And the second thing is, it isn’t only that it encourages terrorism in the future, it’s that the money is in cash. Why in cash? Because that you can’t trace it. It’s going to go straight to Hezbollah, straight to Hamas, straight to terrorists in Iraq.”
Andrew McCarthy in National Review maintains Obama committed a felony. He says the law restricts the transfer of value to Iran in any way.
By his own account, President Obama engaged in the complex cash transfer in order to end-run sanctions that prohibit the U.S. from having “a banking relationship with Iran.” The point of the sanctions is not to prevent banking with Iran; it is to prevent Iran from getting value from or through our financial system — the banking prohibition is a corollary. And the point of sanctions, if you happen to be the president of the United States sworn to execute the laws faithfully, is to follow them — not pat yourself on the back for keeping them in place while you willfully evade them. The president’s press conference is better understood as a confession than an explanation.
I got to drive a Tesla once. It was cool. Like driving one of the HO slot cars I had as a kid.
Tesla Autopilot Crashes
The WSJ reports Tesla is being investigated by the SEC for not informing shareholders of a fatal crash involving its autopilot system.
Daily Beast says Tesla is misleading about autopilot safety. If you don’t brake it’s your fault because your weren’t paying attention. If you do brake it’s your fault because you were driving.
Holman Jenkins says the autopilot feature has been around since 1995. It’s basically cruise control and the driver still has to pay attention.
EU commissions regulate everything from the bend of bananas to the curvature of cucumbers.
British Independence Day
Gerard Baker discussed Brexit in a WSJ front page analysis, Britain Fires a Shot Heard Round the World. He compared it to the populist movement that gave the Republican Party The Donald as presumptive nominee for president of the United States.
Tea Party Nation, a leading umbrella group, congratulated the British on their “Independence Day” and said in a statement “the land that gave us Magna Carta decided they wanted freedom and not a socialist dictatorship.”
Megan McArdle in Bloomberg had this to say about global elites and populist movements:
In many ways, members of the global professional class have started to identify more with each other than they have with the fellow residents of their own countries. Witness the emotional meltdown many American journalists have been having over Brexit.
Journalists aren’t the only one’s melting down over Brexit. The Dow and the British Pound celebrated “the freedom from socialist dictatorship” by plunging 600 points and 11% respectively.
The Bern in Venezuela
“Sometimes American journalists talk about how bad a country is because people are lining up for food. That’s a good thing,” Sanders told interviewers in 1985. “In other countries people don’t line up for food; the rich get the food and the poor starve to death.”
The Venezuelan elite aren’t eating their pets. Chavez’s daughter is believed to have a net worth in the billions.