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

Who’s to Blame for the Decline on Wall Street?, Part II

This article was published by The McAlvany Intelligence Advisor on Friday, December 28, 2018:  

Less than three weeks ago, this writer opined here [at The McAlvany Intelligence Advisor] that the root cause of the selloff on Wall Street then was the deliberate intentional stalling of the economy by the Federal Reserve:

Who is the real culprit behind this volatility in stocks? The well-informed have been pointing to the actions of the Federal Reserve as the prime driver, focusing on its determination to slow the economy by raising interest rates.


For example, the insider bank Goldman Sachs said in late November: “The FOMC [the Fed’s Federal Open Market Committee] will likely be reluctant to stop [raising interest rates] until it is confident that the unemployment rate is no longer on a downward trajectory….”


In other words, the Fed is determined to keep on raising interest rates until the economy is so weak that unemployment starts to increase!

If more evidence of the Fed’s deliberate intervention in the markets were needed by skeptics, last week’s volatility on Wall Street ought to suffice. Late last week,

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Tepid Government Slowdown Hasn’t Slowed Shoppers

This article appeared online at TheNewAmerican.com on Wednesday, December 26, 2018: 

Holiday shoppers apparently couldn’t care less about any government shutdown or slowdown: U.S. retailers notched one of the busiest holiday seasons in years, meeting and in some cases exceeding forecasters’ already rosy outlooks.

Total retail sales, according to Mastercard’s SpendingPulse indicator, rose 5.2 percent from November 1 through December 19 compared to last year, with five more shopping days left before Christmas. And ever-lower gas prices are adding nearly five billion dollars to families’ budgets every month, which bodes well for the economy into next year.

None of this appears to be registering with liberals writing for left-wing progressive papers such as the

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Tuesday’s Wall Street Selloff Triggered by Trump, Not the Economy

This article appeared online at TheNewAmerican.com on Wednesday, December 5, 2018: 

It was President Trump’s tweets that set Wall Street’s teeth on edge on Tuesday, with the popular averages losing more than three percent by the close of business. On Monday it was the president’s assurance not only that a “truce” had been declared in the tariff war between the United States and China, but that the Chinese had 90 days to come to terms with the president, or else.

The Dow gained 300 points on Monday over the perceived good news.

And then the president appeared to backtrack slightly on Tuesday, letting a lot of air out of Wall Street’s balloon:

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90-Day Truce Called in U.S.-China Trade Dispute

This article appeared online at TheNewAmerican.com on Monday, December 3, 2018: 

Returning to the United States on Air Force One from Buenos Aires following a two-and-a-half-hour dinner with Chinese General Secretary Xi Jinping on Saturday night, President Trump said he had squeezed out “an incredible deal” from the communist leader: “If it happens it [will go] down as one of the largest deals ever made,” he added, explaining: “What I’ll be doing is holding back on [raising] tariffs. China will be opening up. China will be getting rid of tariffs … China will be buying massive amounts of products from us.”

On the other hand,

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Nancy Pelosi’s Real Challenge Comes January 3

This article appeared online at TheNewAmerican.com on Wednesday, November 28, 2018: 

For Nancy Pelosi, getting the endorsement of Democratic leaders on Wednesday for speaker of the House in the 116th Congress was easy. However, an increasingly noisy chorus of Democratic Party youngsters have promised to make the vote before the whole House on January 3 much closer. With 233 Democrats in the House, Pelosi will have to secure 218 of them to obtain the speaker’s gavel once again.

At first blush, her opponents are making a good point:

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Trump and Xi Square Off in Buenos Aires This Weekend

This article was published by The McAlvany Intelligence Advisor on Wednesday, November 28, 2018: 

Ever since communist China saw its opportunity in 2001 and took it, its leaders have salivated over the opportunity to become the hegemon of the world. Treated as a developing nation in the World Trade Agreement (WTO), it not only took advantage of the United States but continued to abridge the agreement’s rules. In the nearly two decades since then, China has grown, thrived, and prospered at America’s expense to the point where it is a virtual hegemon in East Asia and seeks to expand its power and influence worldwide.

President Donald Trump saw the threat years ago, and now is in a position to do something about it.

The issues being covered by the media aren’t the real issues. Trump plays along. In a telephone interview with Bob Davis of The Wall Street Journal on Monday afternoon, Trump was asked what he hoped would come out of that meeting. He answered:

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Trump-Xi Showdown in Buenos Aires Begins Friday

This article appeared online at TheNewAmerican.com on Tuesday, November 27, 2018: 

The sideshow at the G20 meeting that begins on Friday in Buenos Aires is likely to become the main event: a face-to-face meeting between President Donald Trump and Xi Jinping, the general secretary of the Communist Party of China. The main event, up to this point, has been the signing of the malignant NAFTA replacement called USMCA by officials from the United States, Canada, and Mexico.

Like boxers squaring off in the ring — touching gloves before the bout begins — Trump and Xi have made their positions abundantly clear. In a telephone interview with Bob Davis of the Wall Street Journal on Monday afternoon, Trump was asked what he hoped would come out of that meeting. He answered:

Make a fair deal. The only deal that would really be acceptable to me — other than obviously we have to do something on the theft of intellectual property, right? — but the only deal would be China has to open up their country to competition from the United States.


As far as other countries are concerned, that’s up to them.


I’m interested in the United States. They have to open up China to the United States. Otherwise, I don’t see a deal being made. And if it’s not made, we will be taking in billions and billions of dollars [from tariffs, both present and future].

Davis has been covering the nascent trade war between China and the United States for more than a year for the Journal, and he spelled out Xi’s position going into that meeting with Trump: “Chinese officials have said their priority is to convince the U.S. to suspend the planned Jan. 1 increase in tariffs on $200 billion in imports from China to 25% from 10% currently. Beijing also hopes Washington will forgo additional tariff actions against Chinese products and lift existing punitive taxes on China-made steel and aluminum.”

In previous meetings, Trump’s people have presented to ranking Chinese officials a list of 142 trade demands, some of which China has already agreed to accept. Others are negotiable, while the balance are not. As Keynesian economist and liberal commentator Anatole Kaletsky expressed it,

In fact, China has already agreed that it could meet roughly 40% of the 142 trade demands presented by the US earlier this year, and could negotiate a further 40%.


It is the remaining 20%, involving technology and industrial subsidies, which are non-negotiable for China. Of course, this 20% covers most of the policies that militant Sinophobes denounce, because they could enable China to challenge US technological and military hegemony by the second half of this century.

That’s why the side meeting in Buenos Aires between Trump and Xi is going to be the main event. It will address existential issues for both countries that go far beyond disputes over intellectual property theft, subsidizing critical industries such as steel and aluminum in order to weaken the United States, and China manipulating its currency to its own advantage. China has built its military and economic power on the back of the United States ever since it joined the World Trade Organization in late 2001, and has made clear its plans to become the hegemon in East Asia. As Trump explained to Davis during his telephone interview,

It all began with the World Trade Organization, a disaster. A disaster. I would actually say that was perhaps — I say NAFTA was the worst trade deal ever made. I would say only — only — challenged by the WTO. That has been — if you look at China, China’s ascension was the day that the WTO was signed. It’s a one-sided deal. They were treated as a — you know, as a growing country, as a — what would you say? How would you say that?


Mr. Davis: Developing country. Developing.


President Trump: Developing. A developing nation. And no — and it’s never come off. They still — it’s ridiculous. The World Trade Organization is absolutely unfair to the United States, and they’re going to have to change their ways. They’re going to have to change.

That’s Trump’s opening bid and, in keeping with the president’s negotiating style, will likely lead not to any sort of agreement with Xi but with an agreement to begin negotiations over an agreement. This is what Trump does best.

Social Security Benefits Have Lost One-Third of Their Purchasing Power Since 2000

This article appeared online at TheNewAmerican.com on Friday, November 23, 2018:

The latest survey from the Senior Citizens League (SCL) revealed that Social Security, the welfare program originally designed to help workers in their old age, is instead slowly impoverishing them:

Over the past 18 years, Social Security benefits have lost 34 percent of their buying power, according to the findings of this study.


Many of the goods and services purchased by typical retirees increased several times faster than annual Social Security cost of living adjustments (COLAs) from January 2000 through January 2018.

As The New American recently pointed out, for three out of every five of the more than 60 million Americans receiving Social Security, that monthly check represents half or more of their total monthly income. Because many have not planned for the future, or been able to, by the time workers start receiving their benefits, four out of 10 will be living at or near the poverty level.

There have been previous attempts to “adjust” the purchasing power of those checks including using cost-of-living-adjustments or COLAs. For 2019 those 62 million Social Security recipients will see their checks increase by 2.8 percent.

But since 2000 those COLAs have

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Kent State “Gun Girl” Wins First Round in Suit Against University

This article appeared online at TheNewAmerican.com on Tuesday, November 20, 2018: 

Those hoping that Kaitlin Bennett would simply go away and leave the Kent State University campus when she graduated in May 2017 have been sorely disappointed. As The New American reported at the time:

The day after she graduated from Kent State, Kaitlin Bennett celebrated not only the event but her freedom from her school’s restrictions on her Second Amendment rights. She posted provocative photos — she was wearing a short white dress — on her Facebook page showing her carrying an AR-10 semiautomatic rifle and her graduation mortar board, which was inscribed with the words “Come and Take it!”

She explained:

Now that I graduated from Kent State, I can finally arm myself on campus. I should have been able to do so as a student — especially since four unarmed students were shot and killed by the government on this campus [in 1970].”

Not surprisingly, the combination of her pose, her posture, and her position caused her Facebook entry to go viral. On Tuesday [May 15, 2017] she added:

I have no apologies for my graduation photos. As a woman, I refuse to be a victim & the Second Amendment ensures that I don’t have to be.

After graduation, Bennett took a position with a local gun shop and continued her pro-gun activism. She has scuffled on social media with David Hogg, tweeting “I have a challenge for you. Let’s arm wrestle. If I win, we get to keep the 2nd Amendment. If you win, we turn in our guns. Deal?” When Hogg failed to respond she tweeted, “It’s alright guys, the 2nd Amendment is safe.”

But her high-profile activities have caught the attention of Fox and Friends, NRATV, and Alex Jones’ InfoWars, as well as protesters who have hounded her both on social media and in person. In July, Bennett tweeted:

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Oil Prices Below $60; Some Say They Could Drop to $40

This article appeared online at TheNewAmerican.com on Friday, November 9, 2018:

Jim Cramer, the host of CNBC’s Squawk on the Street who never had an unexpressed opinion on things financial, told his viewers on Thursday that with crude oil prices trading down close to $60 a barrel, “I could make a case for the $40s here.” He added, “I’m just saying: look out! The economy in the world is slowing, demand is slowing for oil, and we [U.S. producers] are pumping like mad.”

Cramer’s comments came before word that OPEC, Russia, and other non-OPEC oil producers are meeting this weekend in Abu Dhabi to talk about the slide in oil prices and what they collectively plan to do about it.

The turnaround in investor sentiment has been jaw-dropping.

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Ginsburg’s Fall Could Give Trump Another Supreme Court Appointment

This article was published by The McAlvany Intelligence Advisor on Friday, November 9. 2018: 

Jewish comedian Woody Allen liked to quote the Yiddish proverb, “If you want to make God laugh, tell him about your plans.” Jewish Supreme Court Justice Ruth Bader Ginsburg should have listened to Woody. In July she gave a not so oblique hint that she would stay on the Supreme Court as long as she could in order to keep President Trump from replacing her with a conservative: ““I’m now 85. My senior colleague Justice John Paul Stevens … he stepped down when he was 90. So I think I have about five more years.”

God may have other plans.

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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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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