Tag Archives: Joe Biden

Trump’s Great Gamble, by Patrick J. Buchanan

In Patrick Buchanan’s formulation, imports are bad, exports are good, and any time a country exports to you more than you export to it, they’re taking advantage of you. Thus, China runs a trade surplus with the US and will use that as a springboard to overtake us as a world power. From Buchanan at buchanan.org:

President Donald Trump’s reelection hopes hinge on two things: the state of the economy in 2020 and the identity of the Democratic nominee.

The further left the Democrats go to select their candidate, the greater the probability Trump wins a second term.

Thus Trump got good news this week.

The verbal flubs of Joe Biden reached critical mass. They are now so numerous and egregious they have begun to call into question whether Biden, who turns 77 in November, is really up to a year of campaigning, followed by four years of leading the nation in the world.

Nor is it only Trump saying this now.

The Biden staff appears to be agonizing over the endless reruns of Joe’s gaffes on cable TV. And a media that sees Biden as the best hope of bringing down Trump is showing signs of alarm.

A valid question arises, not only for Democrats:

Does the Biden we have lately seen in debate and on the stump look like a focused leader who could be confidently entrusted with the most powerful office on earth until January 2025, which would be the end of his first term?

What are the odds that, if he won the presidency, Biden could be a two-term president, until 2029, and not a visibly lame duck from Day One?

Yet, if Biden stumbles and falls before next spring, which seems more of a possibility than two months ago, it is almost certain the Democratic candidate and party platform will be outside the American mainstream.

Consider what the Elizabeth Warren-Bernie Sanders-AOC Democrats have on offer: A Green New Deal with government jobs for all. Net-zero carbon emissions. “Medicare for All,” including migrants here illegally. Free tuition at state schools. Forgiveness of most or all of $1.5 trillion in student debt. A trillion dollars of infrastructure. A $15 minimum wage. Reparations for slavery.

All this is being promised while the nation is running a $1 trillion deficit and facing trillion-dollar deficits through the first term of the next president.

And the national debt is already larger than the GDP.

But if the Democrats’ performances this summer were heartening for the president, what happened Wednesday must be causing palpitations.

The Dow Jones average plunged 800 points, capping a loss of 7% of its value in weeks. Capital is flooding out of equity markets into the shelter of bonds.

And worldwide, the news is not good.

The German economy, the world’s fourth largest, contracted in the first quarter. Factory output in China, the world’s second-largest economy, is growing at its slowest pace in 17 years.

Britain, another of the 10-largest economies, is about to crash out of the EU by Oct. 1. Hong Kong, its political crisis unresolved and the protests ongoing, is projecting zero growth.

The U.S. economy remains the strongest in the world, but U.S. growth in the second quarter was 2.1%, tepid compared to the 3.5% growth in the spring of 2018.

On top of this disquieting news on the economic front, Trump’s disapproval in the Fox News survey released Wednesday rose to 56%, a 5 percentage-point jump in his disapproval from July.

That the president laid Wednesday’s market swoon at the doorstep of the Federal Reserve suggests that Fed Chairman Jerome Powell is being set up to take the fall if the economy goes south in 2020.

And going south is a distinct possibility. Bank of America Merrill Lynch puts the odds on a recession next year at 1 in 3.

From the media and political reaction to the Dow plunge, there is nothing Democrats would relish more than seeing the Trump boom, which has reduced unemployment to record lows, end in a recession, negating his greatest political argument and asset.

And if America can be talked into a recession, rely on the Beltway political and media elites to try to bring it off.

Which brings us to the China trade impasse, which involves a historic gamble by Donald Trump.

Trump seeks to throw out a free trade policy that, rooted in 19th-century ideology rather than U.S. national interests, threw open U.S. markets to the world and produced, over three decades, $12 trillion in trade deficits and a loss of 70,000 factories and 5 million manufacturing jobs.

Like the Russian army carting off German factories after World War II, the Great Arsenal of Democracy was looted by its postwar allies and adversaries alike.

The weapon Trump is using to stop this looting is tariffs, a price of admission into the U.S. market to replace the free passes foreign nations and transnational companies have had to produce abroad and sell into the USA.

Trump is using tariffs to coerce China to stop cheating on the trade rules we have established and to grant us the same access to her markets as producers in China have to the American market.

And he is betting his presidency he can pull it off.

 

 

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Don’t Take The Bait, by Raúl Ilargi Meijer

Trump is going to drive a wedge a mile wide into a Democratic party that is already fissuring. From Raúl Ilargi Meijer at theautomaticearth.com:

“Don’t Take The Bait”, said 4 young congresswomen yesterday in a press conference in Washington DC. They were referring to comments Donald Trump had made about them earlier. However, just the simple act of calling the press conference meant they were … taking the bait.

Yes, Trump was out of line, way out of left field territory out of line. But he did that on purpose, and Ilhan Omar of Minnesota, Alexandria Ocasio-Cortez of New York, Rashida Tlaib of Michigan and Ayanna Pressley of Massachusetts, were voluntarily following him into that same left field.

I’ve been saying for over 3 years now that the role of Trump is to expose the -inherent and longtime- failures of the US political system. But when I see things like that press-op, how can I possibly think the system has learned anything at all?

If Trump’s role is to reveal the failures of the system, and that same system turns around and blames Donald Trump for all of those failures, how are we ever supposed to take the next step out of here?

Trump has been especially vicious against the 4 women, and it’s simply not enough to put that down to his racism or anything like that. There’s something else going on; how obvious would you like it?

What is happening here is not Trump pandering or virtue-signalling to his base -that’s just an added feature. The reality is that Trump, in say (re-)election mode, sees a divide within the Democratic party, drives a wedge into that divide, and twists it.

His strong if not vicious attacks on the 4 women are aimed straight at Nancy Pelosi, Chuck Schumer and Joe Biden, plus all the rest of the centrist Dems. Trump is calling them out. So they will have to either end up supporting AOC and co, or they will not.

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Bernie and Joe: Two Old White Males Take the Lead, by Patrick Buchanan

That two old white guys are now the clear leaders for the Democratic presidential nomination next year can only be termed ironic. From Patrick Buchanan at buchanan.org:

In 2018, a record turnout of women, minorities and young added 40 House seats to Democratic ranks and made Nancy Pelosi speaker.

This, we were told, is the new diversity coalition — women, people of color, millennials — that will take down The Donald in 2020.

So, how has the Democratic field sorted itself out half a year later?

According to the Real Clear Politics average of polls, two old white guys, Joe Biden, 76, and Bernie Sanders, 77, are setting the pace and have together corralled more than half of all Democrats.

There is a good chance the party of minorities, millennials and women will be led in 2020 by a white man who would be the oldest candidate ever nominated by a major party.

Biden and Bernie may be wheezing, but the old white boys are out in front of the pack.

Add Pete Buttigieg and Beto O’Rourke, running fifth and sixth, and 60 percent of Democrats favor white men for the nomination. Only 20 percent favor one of five women: Elizabeth Warren, Kamala Harris, Amy Klobuchar, Kirsten Gillibrand or Tulsi Gabbard.

The African American candidates, Harris and Cory Booker, are backed by only 1 in 10 Democrats. Julian Castro, the lone Hispanic, is at 1 percent, as is the Asian American Andrew Yang.

While the first primaries are half a year off, the odds today favor — after nominating Barack Obama twice and then Hillary Clinton — Democrats returning to the 20th-century traditional candidate — a seasoned white man.

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The Tranquilizer, by James Howard Kunstler

Joe Biden may be just the tranquilizer the fervid left needs, but he’s carrying a lot of baggage. From James Howard Kunstler at kunstler.com:

A mental health assessment of the Democratic Party suggests that identity politics had lately turned into an identity crisis. Years of staying woke finally produced hallucinations and violent outbursts. It was time to medicate the patient. Enter, stage right, the Tranquilizer, smiling Uncle Joe Biden, the perfect agent to quell an acute case of adolescent rebellion.

Mostly, the rank-and-file don’t seem to know what to make of Uncle Joe’s arrival on the scene. It’s as if they popped .5 milligrams of Xanax a half an hour ago and all the intersectional strife that seemed so urgent last month just up and flew out of the room, like so many leaf-nosed bats from a frightful cave of winds. The chemical rush Uncle Joe provides is reflected in his impressive polling numbers, lately cresting near 40 percent against his closest pursuer, Bernie Sanders — the reincarnation of my 10th grade math teacher, and hence a figure of horror and loathing — at about 18 percent in the polls. The rest of the presidential pack just slogs down-low through the sucking muck of single digits. Many of these are women candidates in a party determined to produce the first president of the female persuasion. What’s up with that?

The salient psychodramatic feature of the Democrats’ relationship with Mr. Trump is that he represents Daddy’s in da house, a situation so alarming as to provoke a nearly three-year-long fugue of patricidal fury among his detractors. In fact, he’s an order of magnitude worse than Daddy… he’s more like Ole Massa… living in that big White House… lumbering out the south portico in that terrible capitalist business suit… the very cutting edge of oppression and misogyny. Of the Democratic women running for president, so far only Elizabeth Warren has gone after Mr. Trump with any real passion — and then, like some stereotypical housewife trying to brain him with a frying pan. It just bounces off his thick skull, and he moves on.

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Not Just Ukraine; Biden May Have A Serious China Problem As Schweizer Exposes Hunter’s $1bn Deal, by Tyler Durden

Joe Biden and his son, Hunter, are quite a pair, operating in both Ukraine and China to secure lucrative deals. From Tyler Durden at zerohedge.com:

Two years of investigations by journalist Peter Schweizer has revealed that Joe Biden may now have a serious China problem. And just like his Ukraine scandal, it involves actions which helped his son Hunter, who was making hand over fist in both countries.

Schweizer, the author of Clinton Cash and now Secret Empires discovered that in 2013, then-Vice President Biden and his son Hunter flew together to China on Air Force Two – and two weeks later, Hunter’s firm inked a private equity deal for $1 billion with a subsidiary of the Chinese government’s Bank of China, which expanded to $1.5 billion, according to an article by Schweizer’s in the New York Post.

If it sounds shocking that a vice president would shape US-China policy as his son — who has scant experience in private equity — clinched a coveted billion-dollar deal with an arm of the Chinese government, that’s because it is” –Peter Schweizer

Perhaps this is why Joe Biden – now on the 2020 campaign trail – said last week that China wasn’t a threat.

Secretary of State Mike Pompeo took a shot at Biden’s comment during a speech at the Claremont Institute’s 40th anniversary gala, saying “Look how both parties now are on guard against the threat that China presents to America — maybe except Joe Biden.”

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Biden Vows To Return Nation To Era When Press Didn’t Bother Reporting On President’s Scandals, by The Babylon Bee

WASHINGTON, D.C.—Speaking on The View, presidential candidate Joe Biden promised to bring the nation back to an era when the media pretended the president didn’t have any scandals.

Biden pointed out that nowadays there’s a new presidential scandal every day on the news, some real, some invented.

“Back when I was in office, we had plenty of scandals, but it was much nicer, because the media just didn’t report on them,” he said. “It was a lot more pleasant to watch the news. The press just told you everything was fine in the White House.”

The former vice president listed off numerous scandals the Obama administration had, such as targeting political enemies with the IRS, Operation Fast & Furious, spying on opposing political campaigns, and bombing foreign countries around the clock without a declaration of war.

“I mean, can you believe the mainstream media didn’t touch those?” he said, laughing. “I was sure they’d nail us on something. But nope. We were in the clear.”

“Wouldn’t it be nice to have that false sense that your leaders are moral again?” he said wistfully.

Biden Plays the Race Card, by Patrick J. Buchanan

Joe Biden kicks off his campaign by solidifying his support among a voter group that will vote 90+ percent Democratic under almost any circumstances. Trump’s got to be licking his chops. From Patrick J. Buchanan at buchanan.org:

As he debated with himself whether to enter the race for the 2020 Democratic nomination, Joe Biden knew he had a problem.

As a senator from Delaware in the ’70s, he had bashed busing to achieve racial balance in public schools as stupid and racist.

As chairman of Senate Judiciary in the hearings on the nomination of Clarence Thomas in 1991, Biden had been dismissive of the charges by Anita Hill that the future justice had sexually harassed her.

In 1994, Biden had steered to passage a tough anti-crime bill that led to a dramatic increase in the prison population.

Crime went down as U.S. prisons filled up, but Biden’s bill came to be seen by many African Americans as discriminatory.

What to do? Acting on the adage that your best defense is a good offense, Biden decided to tear into President Donald Trump — for giving aid and comfort to white racists.

His announcement video began with footage of the 2017 white supremacist rally in Charlottesville, highlighting Trump’s remark, after the brawl that left a female protestor dead, that there were “very fine people on both sides.”

“With those words,” said Biden, “the president of the United States assigned a moral equivalence between those spreading hate and those with the courage to stand against it. And in that moment, I realized that the threat to this nation was unlike any I had seen in my lifetime.”

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