Category Archives: Congress

Checks and Balances

160101-checks and balancesLooks like he latest version of federal checks and balances includes the executive branch spying on the legislative branch.

The Wall Street Journal ran a story last week about the US spying on our allies. The main ally in question was Israel as Benjamin Netanyahu prepared to make a speech before a joint session of Congress criticizing the Iran deal. The kicker was that in the process of spying on Bibi the NSA listened in on confidential conversations between him and members of the US Congress.

It seemed a little surprising that Obama cares what the legislative branch has to say, considering his habit of going around  it and ruling by executive order.

Yellen Takes Off Training Wheels

151218-YellenJanet Yellen took the training wheels off the economy on Wednesday. After seven years of near zero percent interest rates, the Fed hiked rates a quarter percent.

Meanwhile, Congress passed a 2,000 page,  1.2 trillion dollar budget. That tacked another 157 billion onto the 18.5 trillion dollar national debt.

Yellen

On Friday the Dow dropped 370 points.

David Stockman says, “sell the bonds, sell the stocks, sell the house”. IBD wonders if the markets know something the Fed doesn’t.

Kasich Fantasy

151030-kasich-fantasyOhio governor John Kasich is trying to position himself as the grownup in the Republican free-for-all. He has solid credentials. He’s a two term governor of a swing state with a 2 billion budget surplus. He was chairman of the House Budget Committee when the federal budget was last balanced in 1997.

It’s an impressive resume, and he’s impressed by it.

Kasich Fantasy

Kasich does not take The Donald or The Doctor (Ben Carson) seriously. They annoy him.

In Wednesday’s debate he called the various Trump and Carson immigration and tithing tax plans a fantasy. Given the hostility of the CNBC moderators you’d think someone might have picked up on the theme. Instead they asked about fantasy football.

Speaking of fantasy, this morning’s Real Clear Politics poll average has Trump at 27, Carson at 22.2, and Kasich at 2.2.

 

 

Speaker Ryan

151023-paul-ryan

Paul Ryan has agreed to serve as Speaker of the House. On his terms. If all goes well he’ll be elected Friday.

Update: Paul Ryan says the secret $80 billion spending increase “stinks”. Freedom Caucus takes him at his word and will support him for Speaker.  Ryan  will benefit from the spending increase by avoiding a government shutdown.

Hillary and Trump on 9/11

151022-9/11Hillary told Chelsea, via email on the night of 9/11 2012, that the Benghazi attack was a planned terrorist attack. Yet two days later Suzan Rice appeared on 5 Sunday talk shows claiming it was an angry reaction to a movie. Hillary then promised parents of the dead she would hunt down the movie maker.

9/11

Dr. Krauthammer says, “We’re living in an age where what you say and its relation to the facts are completely irrelevant.”

Meanwhile, Donald Trump is driving Dan Henninger up a wall at the WSJ by implying George W. Bush was responsible for the original 9/11:

Just as Mr. Trump suggested responsibility for 9/11 lies somehow with former President Bush, Mrs. Clinton’s view has been that responsibility for the failure in Benghazi is so diffuse that no one is responsible, that asking questions about what happened is a political attempt to “come after me. ” …

What a spectacle it would be to have America’s highest office contested next year between these two.