Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: Politics

Wall Street Loves Gridlock: Stocks Jump Two Percent Day After Midterms

This article appeared online at TheNewAmerican.com on Thursday, November 8, 2018:

Stocks leapt upward on Wednesday as investors came to realize what the midterm elections meant: gridlock. As analysts from Bank of America Merrill Lynch noted before the election, “Gridlock (nothing done, nothing undone) might not be a bad outcome, and has historically been a good environment for stocks.”

Generally, the year following a gridlocked Congress has been good for stocks, averaging gains of 12 percent. Wednesday’s gain of two percent across all the major averages, and Thursday’s continuing rally, though modest, is a harbinger for a repeat into the next year.

Thanks to gridlock, the president’s second round of tax cuts is DOA. Infrastructure spending is fraught with danger for the Democrats. They’d like to spend the money, but they don’t want to help Trump’s reelection chances in 2020. They’d rather try to impeach him for various reasons — his firing of James Comey for political reasons or the 87 communications the Trump campaign had in 2016 with Russians (whether incriminating or not) or how he might have enriched himself or his family by doing business with foreign interests — but that won’t go anywhere as the president won’t sign anything unless those investigations are ended before they begin.

What the House Democrats are left with is “drug pricing” and “ethics reform.” Taking on Big Pharma and imposing ethics reform in the House looks to Gary North as just

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Wall Street Journal Says Dems Take House Tomorrow. Or Will They?

This article appeared online at TheNewAmerican.com on Monday, November 5, 2018:  

Calling the results for Tuesday’s midterms a possible “mixed verdict,” Jane Hook of the Wall Street Journal wrote on Sunday that the vote is “widely viewed as a referendum on the first two years of Donald Trump’s presidency.” With the president focusing on retaining and possibly expanding the Republican Party’s control of the Senate, all eyes are on the House. For Hook, the results from those 435 races are already in:

Republican officials aiming to hold the party’s 23-seat House advantage have ceded seven GOP-held districts to the Democrats, spending no money on TV to defend them. Nine more GOP-held House seats in suburban areas are already lost, party officials said.


That means Democrats must win seven of about three dozen tossup districts to regain control of the House.

Doing the math, Hook makes the case that it’s all but over: With 39 seats in the “tossup” category at RealClearPolitics.com, and the Democrats needing only seven to clinch a majority in the House, there’s no pathway forward for the Republicans to keep control.

On the surface, ABC News agrees: “It’s Democrats +8 in Likely Voter Preference,” based on its final poll before the midterms. It’s “Trump’s unpopularity and a broad gap in trust to handle health care [that] are keeping Democrats in the hunt to take control of [the House]” adding an important caveat: “but with an advantage that’s narrowed from its summertime peak.” In its generic House polling, the ABC News/Washington Post poll showed the Democrats with a 14-point advantage in August and a 13-point advantage in September. That advantage is now down to just eight points. Note: That “final” poll was taken last week, not reflecting Trump’s last-minute campaign blitz (he’s holding three rallies on Monday in Ohio, Indiana, and Missouri), and not reflecting the ever-expanding “caravan crisis” that Democrats are virtually handing to Trump on a silver platter.

The poll that was conducted by Langer Research Associates for ABC and the Washington Post contained this warning: “The Democratic lead in this poll … in no way makes the election outcome a done deal.”

Julie Kelly, writing for the conservative Center for American Greatness, said the reason was border security:

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Jobs Report So Strong Even Democrats Can’t Find Anything Wrong With It

This article appeared online at TheNewAmerican.com on Friday, November 2, 2018:

Friday’s jobs report from the Bureau of Labor Statistics (BLS) was so strong that even Democrats could find nothing in it to criticize. And they were looking, especially as the midterms are just days away.

Tweeted Jason Furman, who headed President Obama’s Council of Economic Advisors: “I’m not seeing anything bad in this jobs report. Strong hourly wage growth, even stronger weekly wage growth, higher labor force participation, lower broader underemployment, while job growth bounced back from last month and the unemployment remained low.”

Jared Bernstein, former Vice President Joe Biden’s economic advisor, couldn’t find anything wrong with Friday’s jobs report either:

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China, Russia Rushing to Keep Venezuela Alive as Crisis Deepens

This article appeared online at TheNewAmerican.com on Monday, October 29, 2018:  

Senior delegations from Russia and China are meeting with top Venezuelan officials on Monday in Caracas to work on, as Bloomberg put it, “a plan to stem the brutal economic collapse” of their key Marxist ally in South America. The state-owned oil company, Petróleos de Venezuela, S.A., or PdVSA, not so coincidentally, happens to have a $949 million bond payment due on Monday, and those officials from Russia (which provided a lifeline to Maduro’s dictatorship a year ago by rescheduling some $3 billion of Maduro’s debt) were there to make sure they got their money. Investors, now called speculators, are owed an estimated $7 trillion by Maduro’s bankrupt regime.

According to Russia’s Finance Ministry spokesman Andrey Lavrov, the Russian team will “provide assistance to Venezuela in developing measures to manage the economy in a crisis situation.” Rather like asking an alcoholic for advice on how to kick the habit, remedies from Russia and China aren’t likely to help the average citizen.

To an American citizen, the situation facing the average Venezuelan is nearly incomprehensible.

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British Journalist Piers Morgan Nails It: The Left Will Give Congress to the Republicans in the Midterms

This article was published by The McAlvany Intelligence Advisor on Wednesday, October 24, 2018: 

British journalist and commentator Piers Morgan has a unique view of American politics, and sees how the Democrats are virtually handing the midterm elections to the Republicans. A writer for a number of British tabloids, Morgan was appointed editor of the News of the World by Rupert Murdoch when he was just 29, making him the youngest editor of any British newspaper in half a century. He hosted Piers Morgan Live on CNN from 2011 to 2014.

On Monday he wrote,

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The Economy and the Caravan Giving Trump a Boost in the Midterms

This article appeared online at TheNewAmerican.com on Tuesday, October 23, 2018: 

Donald Trump, the President of the United States, has been given two gifts: one of his own making; the other from pro-open-borders leftists. Together they bode well for Republicans in the November midterm elections.

The first is the booming and relentless U.S. economy. As Shobhana Chandra of Bloomberg noted on Tuesday, “The U.S. economy is poised for its best back-to-back quarters of growth since 2014, handing President Donald Trump a $20 billion talking point just in time for the midterm elections.” The report from the Commerce Department due out Friday, according to economists surveyed by Bloomberg, is likely to show that

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The Economy Isn’t the Top Issue in November. The President Is.

This article was published by The McAlvany Intelligence Advisor on Monday, October 22, 2018: 

Political operative James Carville helped engineer Bill Clinton’s victory over George H. W. Bush in the 1992 president campaign. In the campaign’s “war room,” Carville posted three dicta on the wall to remind him and his staff of the strategies to focus on:

Change v. more of the same;

Don’t forget health care; and

The economy, stupid.

Carville is now known for popularizing the third point: “It’s the economy, stupid!” and it has become standard fare in political warfare: people vote their pocketbooks.

In June, Morning Consult, a political polling firm with liberal-left tendencies, decided to test the thesis ahead of the November Midterms. It asked 1,061 registered Republicans and 1,202 registered Democrats “What would you say is the top set of issues on your mind when you cast your vote [in November]?” The top three were health care (#3), the economy (#2), and President Trump (#1).

Even though Mr. Trump isn’t running for anything, he is the issue in November, turning standard political strategy on its ear. According to American Enterprise Institute (AEI),

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Jobless Claims Fall Again; Impact on Midterms?

This article appeared online at TheNewAmerican.com on Monday, October 22, 2018:  

In covering the latest report on initial jobless claims, showing not only a decline for the week ending October 13 but the lowest four-week average in 50 years, MarketWatch’s Jeffry Bartash said, “It just can’t get a whole lot better in the U.S. job market. Openings just hit a record high, the U.S. unemployment rate has fallen to a 49-year low of 3.7 percent, and hiring remains robust. The demand for labor is so strong it’s pushing up the cost of worker compensation — wages and benefits — and giving an economic growth cycle that’s now more than nine years old the staying power to become the longest expansion ever.”

Initial unemployment claims were 210,000 for the week, down 5,000 from the previous week, meeting forecasters’ estimates.

The only people hurting are

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New York Times: Trump Impeachment Is on the Ballot

This article appeared online at TheNewAmerican.com on Monday, October 15, 2018:  

It’s official: Peter Baker, the chief White House correspondent for the New York Times, the mouthpiece for the liberal establishment, has written that, if the Democrat Party takes the House in the midterms just three weeks away, it will move to impeach the president in the next Congress: “While Democrats are largely ducking the topic on the campaign trail, few in Washington doubt that impeachment will be on the table if they win the House on Nov. 6.”

And, warns Baker, such impeachment proceedings are likely to make the Kavanaugh confirmation hearings look like a Sunday School class disagreeing over which Scriptures to study:

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Pastor Released from Turkish Prison Prays for Trump in Oval Office

This article appeared online at TheNewAmerican.com on Monday, October 15, 2018:

Within hours of his arrival on American soil after being held prisoner for two years in Turkey, Pastor Andrew Brunson’s release was celebrated by President Trump in the Oval Office on Saturday morning. The president quipped, “From a Turkish prison to the White House in 24 hours, that’s not bad!”

After the laughter died down, Pastor Brunson asked the president if he could pray for him and Trump said, “Well, I need it probably more than anyone else in this room, so that would be very nice. Thank you.”

Brunson stood up from his chair, went over to the president and knelt beside him and put his hand on the president’s shoulder. He bowed his head and asked God to “give him supernatural wisdom to accomplish all the plans You have for this country and for him. I ask that You give him wisdom on how to lead this country into righteousness.”

Brunson then added:

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The Reason Trump is “Different?” He’s a Christian, Says the Person Who Brought Him to Christ

This article was published by The McAlvany Intelligence Advisor on Monday, October 15, 2018: 

In an interview with the Washington Times last Thursday, Paula White, host of the television show Paula White Today and senior pastor of the evangelical megachurch New Destiny Christian Center in Apopka, Florida, said that “a lot of evangelicals have grown accustomed to feeling used by the political process. Every politician appeals to us, every one wants to hear us out during the campaign, but then things change once they get into office.” Mr. Trump, she said, is “just different.”

And just why is that?

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Voters Turning Democrat Blue Wave Hopes into Disaster

This article was published by The McAlvany Intelligence Advisor on Friday, October 12, 2018: 

The Democrats not only expect to take back control of the House of Representatives in the November midterm elections, they’re already planning what to do when they do: impeach the president, continue to investigate Kavanaugh, repeal Trump’s tax reforms, and raise taxes. They think they will turn between 30 and 50 seats from red to blue.

After all, they have history and The Cook Political Report on their side. History says that the party occupying the White House will lose seats in the midterms, especially if it’s the president’s first term, and especially if his approval rating is in the 40s or lower. According toCook, 38 Republican-held seats are rated as “toss-up” or worse, with another 27 seats in the “lean Republican” category, meaning Republicans have a tentative advantage but the races are competitive. According to Dan Balz, writing in the Washington Post, “The party that holds the White House almost always loses seats in midterm elections, especially during a president’s first term, and especially when a president’s rating is below 50 percent.”

Almost always.

The Democrats’ biggest enemy is themselves. First,

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Is the Fed Trying to Kill the Trump Economy?

This article appeared online at TheNewAmerican.com on Friday, October 12, 2018:

William McChesney Martin, the ninth and longest running Chairman of the Federal Reserve, said “The Federal Reserve … is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.” Rudi Dornbusch, the German economist who worked for most of his career in the United States, was more blunt: “None of the U.S. [economic] expansions of the past 40 years died in bed of old age; every one was murdered by the Federal Reserve.”

Is the sharp selloff in stocks following the sharp rise in interest rates last week signaling the death throes of the longest-running bull market in history, to be followed by similar expiration of the 112-month long economic expansion? On Tuesday, October 2, the key financial instrument followed by most observers — the U.S. 10 Year Treasury Note — was yielding

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Kavanaugh Hearings Blunted Democrat “Blue Wave”

This article appeared online at TheNewAmerican.com on Wednesday, October 10, 2018:  

Disgust over how the confirmation hearings of Justice Brett Kavanaugh were handled by Democrats on the Senate Judiciary Committee is just now showing up in polls taken following those hearings. CNN’s poll released on Monday showed severe damage being done to the most critical part of the electorate the Democrats were hoping to capture in the upcoming midterm elections: independent voters. When asked, “Do you approve or disapprove of the way the Democrats in the U.S. Senate handled Kavanaugh’s confirmation hearing?” 58 percent of independent voters disapproved, compared to just 30 percent who approved — a jaw-dropping 28-percent margin.

An NPR/PBS NewsHour/Marist poll taken during the hearings showed

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Democrats Promise Revenge Following Kavanaugh Confirmation

This article appeared online at TheNewAmerican.com on Monday, October 8, 2018: 

Revenge-threatening fundraising e-mails from the head of the Democratic National Committee (DNC) and its liberal stepsister, American Bridge 21st Century, that went out to thousands following the confirmation of Supreme Court Justice Brett Kavanaugh on Saturday perfectly illustrate the state of mind of those opposed. Tom Perez, the DNC’s chairman, wrote, “Make a $3 donation right now to make Republicans pay a price for Brett Kavanaugh.… If we don’t want people like Brett Kavanaugh to be appointed to lifetime positions in our federal judiciary, we need to elect Democratic majorities this November.”

The fund-raising e-mail from American Bridge, responsible for opposition research for the DNC and funded largely by billionaire George Soros, was similar, threatening a “day of reckoning” for Republicans for confirming Kavanaugh to the high court:

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Number Two Senate Republican Doubtful About Passage of USMCA/NAFTA 2.0 Deal

This article appeared online at TheNewAmerican.com on Friday, October 5, 2018:  

Following last-minute approval of the new NAFTA “free-trade” deal — the USMCA — that now includes Canada, the number two Senate Republican John Cornyn from Texas expressed doubts it could pass Senate muster. Cornyn told reporters: “I know people are still going through the details but it’s not a foregone conclusion that it will get confirmation by the Senate.” He said the earliest the Senate could vote on the NSMCA would most certainly be after the November 6 midterm elections.

There are political considerations, however, in trying to pass the trade deal after the midterms but before the Congress is sworn in in January 2019, during the Senate’s “lame duck” session. Oregon Democrat Ron Wyden said that, given the current political climate in Washington following the harrowing Senate confirmation hearings over the confirmation of Judge Brett Kavanaugh,

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Amazon’s New $15 Minimum Wage Is a Shrewd Political Move

This article appeared online at TheNewAmerican.com on Wednesday, October 3, 2018:  

Amazon’s announcement on Tuesday that starting November 1 every full-time employee working in the United States, and every temporary worker hired to meet the holiday crush, will be paid at least $15 an hour is a smart political move for its owner, and it will cost the company almost nothing. The owner, anti-Trumper Jeff Bezos (also owner of the virulent anti-Trump Washington Post), is smoothing the feathers of socialist Bernie Sanders who has repeatedly criticized Bezos (whose net worth is estimated at $165 billion) for allegedly paying his employees so little. Sanders said the announced wage increase is “not only enormously important for Amazon’s hundreds of thousands of employees; it could well be, and I think it will be, a shot heard around the world.”

It also pushed forward the agenda of the union-backed Fight for $15 which has largely been languishing for the last six years.

And along the way, the move also puts pressure on Bezos’ nearest competitors,

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NAFTA “Finessed” to Include Canada at the Expense of U.S. Sovereignty

This article appeared online at The New American on Monday, October 1, 2018:  

In the rush to include Canada in the USMCA (United States-Mexico-Canada Agreement), now being referred to by some in the press as NAFTA 2.0, before the witching hour of midnight Sunday, the United States “finessed” the agreement, according to various press reports. Last Friday, the liberal Toronto Star first leaked about the coming “finesse”: “The dispute resolution impasse [over sovereignty-threatening Chapter 19 in the original NAFTA] could be finessed.” (Emphasis added.)

Late Sunday afternoon, the Wall Street Journal confirmed that the United States could fold in order to keep Canada in the deal by noting that “there are still ways to finesse deadlines and processes to work Canada into the deal before NAFTA 2.0 ultimately takes effect.” (Emphasis added.)

Just before midnight Sunday, another writer at the Wall Street Journal wrote that Trump’s demand to eliminate Chapter 19 altogether from the USMCA disappeared entirely under pressure from those who wanted to keep it:

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Stock Market Bears Still Looking for Evidence of the Next Recession

This article was published by The McAlvany Intelligence Advisor on Monday, October 1, 2018: 

As noted here [at The McAlvany Intelligence Advisor] two weeks ago, Trump holds the winning hand in the trade war with China. But he can still lose the hand if he doesn’t play it. Based on China’s slowing economy that is accelerating downward thanks for his tariffs, now would be a good time – perhaps the very best time – for him to up the ante. . As Robert Carnell, Chief Asia-Pacific economist at investment banking firm ING, put it: “This is probably the best time for the U.S. to go back to the table … [this time] with a ‘take it or leave it’ type of trade demand.”

The numbers are in:

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Trump’s Tariffs Are Biting China

This article appeared online at TheNewAmerican.com on Sunday, September 30, 2018:

The latest data from China — both “official” (government) and unofficial (more reliable) — are confirming that the world’s second-largest economy is slowing, thanks in part to the first two rounds of tariffs President Trump has applied to the communist country.

It was already slowing because of increasing concern by China’s central bank about the country’s national debt. It is reported to be nearly three times the country’s total national output of goods and services, and the central bank has been taking measures to keep it from getting totally out of hand by raising capital requirements and short-term interest rates.

Two previous attempts to negotiate over President Trump’s biggest concerns

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2018 Bob Adelmann