Worried that Trump Less than a Stable Genius

Worried the trump less than a stable genius, General Milley, afghanistan, china

After the March 6 Capitol riot world leaders from China’s military brass to America’s Nancy Pelosi worried that President Trump was less than a stable genius. So General Milley called his Chinese counterpart to assure him he’d let him know if Trump ordered an attack.

The general also said that President Biden rejected his advice to keep a force of 2,500 troops in Afghanistan. He didn’t resign but described the withdrawal as a logistical success but a strategic failure.

There’s No Free Lunch, Unless You’re President Biden

No free lunch, Biden says his $3.5 trillion plan costs nothing,
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Turns out there is a free lunch after all. At least if you believe Joe Biden. And who doesn’t these days? The president says his $3.5 trillion entitlement plan will cost “nothing.” “Because we’re going to raise the revenue.”

Fire Feeding Feds

inflation fire, Fed, bond, Congress, Democrats, Republicans, It's green but is it carton neutral?
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The Feds are still feeding the Inflation fire. They might taper off on their bond buying spree but still plan to keep interest rates near zero.

Meanwhile Republicans want to blame Democrats for raising the debt ceiling to make room for more fuel.

Wall Street seems to have overcome its China angst, for now. It’s back on a shopping spree too.

Wall Street out on a Ledge over China

Bok cartoon: Turns out China's run by a Commie... who knew? Wall Street, China, Evergrande Group
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Wall Street took a deep dive yesterday on news from China. Investors are afraid China’s biggest property developer, Evergrande Group, won’t be able to make payments on its debt. If that happens the company could collapse like Lehman Brothers in 2008 and take the economy down with it.

To make matters worse the Wall Street Journal (paywall) reports that Communist Party leader Xi Jinping isn’t a capitalist! He thinks private capital is running “amok.” And he wants to force China back to “the vision of Mao Zedong, who saw capitalism as a transitory phase on the road to socialism.” He even showed up in a Mao suit.

Maybe my guy on the ledge is afraid he’s on the road to serfdom.

Milley Over The Horizon Surprise

Milley, drone strike, over the horizon

A new book by Bob Woodward and Robert Costa claims Joint Chiefs of Staff Chairman Gen. Mark Milley told his Chinese counterpart, “If we’re going to attack, I’m going to call you ahead of time. It’s not going to be a surprise.”

A month ago an Afghan family was surprised by a U.S. drone strike that killed 7 children and their father, an Afghan worker for a U.S. aid agency. The attack was part of President Biden’s “over the horizon” strategy to fight terrorism.