The Pronk Pops Show 1306, August 14, 2019, Story 1: President Trump Delays Tariffs on Chinese Goods to After Christmas — Videos — Story 2: Normal Flight Operations Resume Again in Hong Kong — Videos — Story 3: Progressives Try To Panic American People Over Inverted Yield Curve Leading To Recession — U.S. Economy is Growing — Missy Higgins Singing — Videos — Story 4: President Trump Energy Speech at Shell Pennsylvania Petrochemicals Complex in Monaca, Pennsylvania 

Posted on August 15, 2019. Filed under: 2020 Republican Candidates, Addiction, Addiction, American History, Banking System, Blogroll, Breaking News, Budgetary Policy, Business, Cartoons, China, Coal, Coal, Communications, Congress, Corruption, Countries, Culture, Currencies, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Economics, Economics, Education, Elections, Empires, Employment, Energy, Fiscal Policy, Foreign Policy, Free Trade, Freedom of Speech, Government, Government Dependency, Government Spending, Health, Health Care, Health Care Insurance, History, House of Representatives, Human, Human Behavior, Illegal Immigration, Immigration, Independence, Labor Economics, Language, Law, Legal Immigration, Life, Liquid Natural Gas (LNG), Lying, Media, Monetary Policy, National Interest, Natural Gas, Natural Gas, News, Nuclear, Oil, Oil, People, Philosophy, Photos, Politics, Polls, President Trump, Private Sector Unions, Progressives, Public Corruption, Public Sector Unions, Radio, Raymond Thomas Pronk, Regulation, Resources, Rule of Law, Scandals, Security, Senate, Social Science, Social Sciences, Solar, Success, Tax Policy, Taxation, Taxes, Trade Policy, U.S. Dollar, Unemployment, Unions, United States of America, Videos, Violence, Wealth, Welfare Spending, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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The Pronk Pops Show Podcasts

Pronk Pops Show 1306 August 14, 2019

Pronk Pops Show 1305 August 12, 2019

Pronk Pops Show 1304 August 8, 2019

Pronk Pops Show 1303 August 7, 2019

Pronk Pops Show 1302 August 6, 2019

Pronk Pops Show 1301 August 5, 2019

Pronk Pops Show 1300 August 1, 2019

Pronk Pops Show 1299 July 31, 2019

Pronk Pops Show 1298 July 30, 2019

Pronk Pops Show 1297 July 29, 2019

Pronk Pops Show 1296 July 25, 2019

Pronk Pops Show 1295 July 24, 2019

Pronk Pops Show 1294 July 23, 2019

Pronk Pops Show 1293 July 22, 2019

Pronk Pops Show 1292 July 18, 2019

Pronk Pops Show 1291 July 17, 2019

Pronk Pops Show 1290 July 16, 2019

Pronk Pops Show 1289 July 15, 2019

Pronk Pops Show 1288 July 11, 2019

Pronk Pops Show 1287 July 10, 2019

Pronk Pops Show 1286 July 9, 2019

Pronk Pops Show 1285 July 8, 2019

Pronk Pops Show 1284 July 2, 2019

Pronk Pops Show 1283 July 1, 2019

Pronk Pops Show 1282 June 27, 2019

Pronk Pops Show 1281 June 26, 2019

Pronk Pops Show 1280 June 25, 2019

Pronk Pops Show 1279 June 24, 2019

Pronk Pops Show 1278 June 20, 2019 

Pronk Pops Show 1277 June 19, 2019

Pronk Pops Show 1276 June 18, 2019

Pronk Pops Show 1275 June 17, 2019

Pronk Pops Show 1274 June 13, 2019

Pronk Pops Show 1273 June 12, 2019

Pronk Pops Show 1272 June 11, 2019

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Pronk Pops Show 1267 May 30, 2019

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Pronk Pops Show 1265 May 28, 2019

Pronk Pops Show 1264 May 24, 2019

Pronk Pops Show 1263 May 23, 2019

Pronk Pops Show 1262 May 22, 2019

Pronk Pops Show 1261 May 21, 2019

Pronk Pops Show 1260 May 20, 2019

Pronk Pops Show 1259 May 16, 2019

Pronk Pops Show 1258 May 15, 2019

Pronk Pops Show 1257 May 14, 2019

Pronk Pops Show 1256 May 13, 2019

Pronk Pops Show 1255 May 10, 2019

Pronk Pops Show 1254 May 9, 2019

Pronk Pops Show 1253 May 8, 2019

Pronk Pops Show 1252 May 7, 2019

Pronk Pops Show 1251 May 6, 2019

Pronk Pops Show 1250 May 3, 2019

Pronk Pops Show 1249 May 2, 2019

Pronk Pops Show 1248 May 1, 2019

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Story 1: President Trump Delays Tariffs on Chinese Goods to After Christmas — Americans Would Have Been Paying The Tariff or Tax — Videos —

Trump Blinked With China Tariff Delay, Exante Data’s Setser Says

Trump says China tariffs delayed for ‘Christmas season’

China Is Changing Strategy in Trade War, Says LSE’s Jin

 

Trump CAVES on China tariffs and puts off levies on laptops, cell phones and toys until after Christmas shopping season following ‘very good call’ with Beijing – in move set to boost faltering stock market

  • The Trump administration announced Tuesday morning that is delaying tariffs on Chinese-manufactured goods like laptops and cell phones until Dec. 15
  • Trump’s trade office says that certain products ‘will not face additional tariffs of 10 percent’ due to health, safety or national security concerns 
  • Some of e products it listed were cell phones, laptop computers, video game consoles, computer monitors, footwear and clothingth
  • USTR said it will post a list of items that are being excluded on its website
  • It announced the postponement shortly after the the stock market opened, and the Dow jumped nearly 500 points within minutes of the news
  • Donald Trump has not commented directly but hinted n a tweet that the action was intended to get China to move forward with large agricultural orders

The Trump administration announced Tuesday morning that is delaying tariffs on Chinese-manufactured goods like laptops and cell phones until Dec. 15, when price hikes from the penalties won’t drive up the price of popular Christmas presents.

Trump’s trade office says that certain products ‘will not face additional tariffs of 10 percent’ due to health, safety or national security concerns.

However, the categories of goods that are being protected suggest that Trump was concerned about the consumer pricing index and the billions of dollars in value of this month’s stock losses.

The U.S. trade office announced the postponement shortly after the the stock market opened in the United States, causing the Dow Jones Industrial Average jump nearly 500 points within minutes.

That excitement tempered off as the day wore on. The Dow leveled out at a 400-point rise that was close to 1,000 points off from where it was a month ago when it started to drop.

Speaking to reporters on the tarmac in New Jersey, before a day trip to Pennsylvania from his vacation, the president defended his tough-on-China stance, saying that other presidents should have tightened the screws on Beijing, too.

He said that he backed off on tariffs because he had a ‘very good call with China.

The Trump administration announced Tuesday morning that is delaying tariffs on Chinese-manufactured goods like laptops and cell phones until Dec. 15. Donald Trump is seen here at the White House the previous Friday

The Trump administration announced Tuesday morning that is delaying tariffs on Chinese-manufactured goods like laptops and cell phones until Dec. 15. Donald Trump is seen here at the White House the previous Friday

The Dow Jones Industrial Average jumped nearly 500 points within minutes of the statement

The Dow Jones Industrial Average jumped nearly 500 points within minutes of the statement

Donald Trump said he’d impose a 10 percent penalty on $300 billion in untaxed goods on Sept. 1, if China continued drag out trade talks. 

U.S. negotiators say a deal was nearly finished, when Beijing backed away from major provisions.

A new round of talks was scheduled for September, however Trump drove down skittish markets with claims last week that the meetings could be cancelled.

On Tuesday morning, USTR announced it was loosening the noose on China, specifically on items in the tech and and clothing manufacturing industries.

‘Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing,’ according to a United States Trade Representative statement.

USTR said it will post a list of items that are being excluded on its website today.

The president continued to defend his position in a Tuesday morning in tweet that claimed consumers have not paid the price for the 25 percent tariffs on $250 billion of other Chinese items that he’s put in place.

Trump did not mention the policy shift in that tweet or one that he sent a half-hour after the the USTR announcement, however, he hinted that unfilled agricultural orders were part of the calculus.

He said of China’s retracted promises to purchase more American agricultural goods: ‘Maybe this will be different!’ 

Less than an hour prior, the president had been ripping China. He blasted Beijing for financial tinkering the U.S. has blasted as currency manipulation while promising American buyers that tariffs wouldn’t affect everyday product pricing.

‘Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China. Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!’ he said.

‘Later, at a manufacturing event in Pennsylvania, the president said in an extended riff on China that it had ‘ripped off our country for years’ and taken advantage of World Trade Organization rules that allow the nation to be classified as a developing economy.

‘And I’m being nice when I say took advantage,’ he argued.

He recounted his threat to leave the WTO, unless it started adjudicating cases in his favor.

‘And it’s only because of attitude,’ he said of a change in behavior. ‘Because we know that they have been screwing us for years.’

He added, ‘And I’d like to use a different word but there’s no word that’s quite as descriptive.’

https://www.dailymail.co.uk/news/article-7352783/Trump-postpones-new-tariffs-China-months-stock-shares-lose-billions-value.html

 

Story 2: Normal Flight Operations Resume Again in Hong Kong — Videos

 

Normal operations resume at Hong Kong airport as city braces for more protests

Hong Kong’s Airport Authority said normal flight operations would resume on Thursday after pro-democracy protests forced the cancellation of nearly 1,000 flights this week, while the city braced for more mass protests through the weekend.

China reiterated on Wednesday that Hong Kong’s protest movement was “near terrorism” and more street clashes followed ugly and chaotic scenes at the airport on Tuesday, when protesters set upon two men they suspected of being government sympathisers.

Police and protesters faced off again on the streets of the financial hub overnight, with riot officers quickly firing tear gas as their response to demonstrators toughens .

Ten weeks of increasingly violent confrontations between police and protesters have plunged Hong Kong into its worst crisis since it reverted from British to Chinese rule in 1997.

Heightened security would remain at the city’s international airport and the Hong Kong Airport Authority said late on Wednesday an application for protests to be held in the terminal must be made in advance with a “Letter of No Objection” to be obtained from police.

More protests are planned on Friday and over the weekend in different areas of the Chinese-controlled territory.

Protesters have expressed remorse after a peaceful sit-in turned violent at one of the world’s busiest airports earlier this week.

It was not clear whether the violent clashes might have eroded the broad support the movement has so far attracted in Hong Kong. The protests have also hit the city’s faltering economy.

The United States said it was deeply concerned at news of Chinese police forces gathering near the border, urged Hong Kong’s government to respect freedom of speech, and issued a travel advisory urging caution when visiting the city. (Writing by Farah Master Editing by Paul Tait)

https://www.dailymail.co.uk/wires/reuters/article-7358413/Normal-operations-resume-Hong-Kong-airport-city-braces-protests.html

 

Story 3: Progressives Try To Panic American People Over Inverted Yield Curve Leading To Recession — U.S. Economy is Growing — Missy Higgins Singing — Videos

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Missy Higgins – Any Day Now (Live)

Any Day Now

Missy Higgins

How long, how long, how long will we take to come undone?
If you know the answer tell me now and I’ll write up a calendar for our count down.
‘Cause what if what we see is all, is all we’ve got?
Say you’ve kept some fire aside to set light to me some surprising night.
And say you’ve locked some fire away to set light to me some surprising day.
To me some surprising day, any day now
How come, how come, how come I’m now on a road holding out my thumb?
If you know my destination please buy me the fastest car and throw me the keys.
‘Cause what if what we see is all, is all we’ve got?
Say you’ve kept some fire aside to set light to me some surprising night.
And say you’ve locked some fire away to set light to me some surprising day.
‘Cause finger by finger we’re losing grasp and
I’m questioning the reason why nothing beautiful does last
Say you’ve kept some fire aside to set light to me some surprising night.
And say you’ve locked some fire away to set light to me some surprising day,
To me some surprising day any day now.
Source: LyricFind
Songwriters: Melissa Higgins
Any Day Now lyrics © Peermusic Publishing, Words & Music A Div Of Big Deal Music LLC

Why Investors Are Obsessed With the Inverted Yield Curve

Fed Must Act on Inverted Yield Curve, Credit Suisse’s Golub Says

What Is An Inverted Yield Curve And How Does It Affect The Stock Market? | NBC News Now

Yield curve inversion does not mean there will be a recession tomorrow, strategist says

Mohamed El-Erian talks yield curve, recession and global economy

President Trump calls Fed Chair Jerome Powell ‘clueless’ and inverted yield curve ‘crazy’

Missy Higgins (9-27-2008) Sugarcane

Sugarcane

Missy Higgins

Baby ballerina’s hiding
Somewhere in the corner
Where the shadow wraps around her
And our torches cannot find her
She will stay there till the morning
Crawl behind us as we are yawning
And she will leave our games
To never be the same
So grow tall, sugarcane
Eat that soil, drink the rain
But know they’ll chase you
If you play their little games
So run, run fast, sugarcane
You see my peep show booth is handy
There’s a one way only mirror
So I can dance here with my hair down
But I don’t see if you get bitter
And there’s a button right beside me
If I happen to want a wall to hide me
If only the ballerina had one too
So grow tall, sugarcane
Eat that soil, drink the rain
But know they’ll chase you
If you play their little games
So run, run fast, sugarcane
And she said, “Always be afraid”
Yes, she said, “Always be afraid”
So grow tall, sugarcane
Eat that soil, drink the rain
But know they’ll chase you
If you play their little games
So run, run fast, sugarcane
Yeah, you’d better run, run fast, sugarcane
Yeah, you’d better run, run fast sugarcane
Source: LyricFind
Songwriters: Melissa Higgins
Sugarcane lyrics © Peermusic Publishing

Missy Higgins – Where I Stood (Official Video)

Where I Stood

Missy Higgins

I don’t know what I’ve done
Or if I like what I’ve begun
But something told me to run
And honey, you know me, it’s all or none
There were sounds in my head
Little voices whispering
That I should go and this should end
Oh, and I found myself listening
‘Cause I don’t know who I am, who I am without you
All I know is that I should
And I don’t know if I could stand another hand upon you
All I know is that I should
‘Cause she will love you more than I could
She who dares to stand where I stood
See, I thought love was black and white
That it was wrong or it was right
But you aren’t leaving without a fight
And I think, I am just as torn inside
‘Cause I don’t know who I am, who I am without you
All I know is that I should
And I don’t know if I could stand another hand upon you
All I know is that I should
‘Cause she will love you more than I could
She who dares to stand where I stood
And I won’t be far from where you are if ever you should call
You meant more to me than any one I, I’ve ever loved at all
But you taught me how to trust myself
And so I say to you, this is what I have to do
‘Cause I don’t know who I am, who I am without you
All I know is that I should
And I don’t know if I could stand another hand upon you
All I know is that I should
‘Cause she will love you more than I could
She who dares to stand where I stood
She who dares to stand where I stood
Source: LyricFind
Songwriters: Melissa Higgins
Where I Stood lyrics © Peermusic Publishing

Kimberley Music – Missy Higgins

Missy Higgins on why she used to break into cemeteries | The Weekly

Missy Higgins & Friends Live

Dow plummets 800 points and 3% in a day amid fears of economic crisis as Treasury yields invert for the first time since the Great Recession

  • Dow Jones plunged more than 800 points on Wednesday on recession fears
  • Yield on the 10-year Treasury note briefly dipped below the two-year yield
  • Known as an ‘inverted yield curve,’ it is a sign investors fear a recession 
  • The past five inverted yield curves have all preceded a recession
  • Trump blasts Fed over rates and calls chairman Jerome Powell ‘clueless’ 

Stocks plunged on Wednesday after the bond market threw up one of its last remaining warning flags on the economy.

The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning, the first time those yields have flipped since 2007. The so-called inversion has correctly predicted many past recessions and is the loudest warning bell yet about a possible recession ahead.

Investors responded by dumping stocks, more than erasing gains from a rally the day before.

The Dow Jones Industrial Average closed down 801 points at 25,479, a loss of 3%, in the largest one-day point drop since October 2018,

A one-day view of the yield spread between the 10-year and two-year Treasury bond shows two brief yield curve inversions when the ratio drops below the red line on Wednesday

Based on the latest available data, the S&P 500 lost 85.72 points, or 2.93%, to 2,840.6, and the Nasdaq Composite dropped 242.42 points, or 3.02%, to 7,773.94.

While the market was falling Wednesday, President Donald Trump took to Twitter to again criticize the Federal Reserve for hampering the U.S. economy by raising rates “far too quickly” last year and not reversing its policy aggressively enough – the Fed cut its key rate by a quarter point last month. 

Trump blasted Federal Reserve Chairman Jerome Powell as ‘clueless’. 

He also defended his trade policy, even though investors remain worried that the trade war between the world’s two largest economies may drag on through the 2020 U.S. election and cause more economic damage.

“We still see a substantial risk that the trade dispute will escalate further,” said Mark Haefele, global chief investment officer at UBS in a note to clients.

‘The relief rally inspired by the Trump administration delaying tariffs on some Chinese imports was short lived – blink and you missed it,’ said Fiona Cincotta, senior market analyst at City Index.

With bond yields falling, banks took heavy losses Wednesday. Lower bond yields are bad for banks because they force interest rates on mortgages and other loans lower, which results in lower profits for banks. Citigroup sank 5.1% and Bank of America gave up 5%.

Trump is seen at a White House meeting last month. He is relying upon a strong economy to bolster his reelection chances, and the latest economic signal is a worrying one

Trump is seen at a White House meeting last month. He is relying upon a strong economy to bolster his reelection chances, and the latest economic signal is a worrying one

Much of the market’s focus was on the U.S. yield curve, which has historically been one of the more reliable recession indicators.

If all this talk about yield curves sounds familiar, it should. Other parts of the curve have already inverted, beginning late last year. But each time, some market watchers cautioned not to make too much of it.

Academics tend to pay the most attention to the spread between the three-month Treasury and the 10-year Treasury, which inverted in the spring. Traders often pay more attention to the two-year and 10-year spread.

Each of the last five times the two-year and 10-year Treasury yields have inverted, a recession has followed.

The average amount of time is around 22 months, according to Raymond James’ Giddis.

The indicator isn’t perfect, though, and it’s given false signals in the past.

Some market watchers also say the yield curve may be a less reliable indicator this time because technical factors may be distorting longer-term yields, such as negative bond yields abroad and the Federal Reserve’s holdings of $3.8 trillion in Treasurys and other investments on its balance sheet.

What is a yield curve inversion?

The yield, or the effective interest rate paid, on a 10-year Treasury bond is usually higher than the yield on a two-year bond — because investors typically want to see a higher return for a longer-term investment.

However, bond yields move in the opposite direction of bond prices, which are driven by demand. When investors clamor for bonds, driving prices up, yields go down.

The inversion of the 10-year and two-year yield curves is a signal that investors are rushing money from stocks into bonds, depressing yields and flipping the return on long- and short-term bonds in a way that appears to make little economic sense.

Data from Credit Suisse going back to 1978 shows:

  • The last five 2-10 inversions have eventually led to recessions.
  • A recession occurs, on average, 22 months following a 2-10 inversion.
  • The S&P 500 is up, on average, 12% one year after a 2-10 inversion.
  • It’s not until about 18 months after an inversion when the stock market usually turns and posts negative returns.

This chart shows the spread between 10-year and two-year Treasury bonds since 1978. The portions below the black line represent yield inversions, and shaded areas are recessions

This chart shows the spread between 10-year and two-year Treasury bonds since 1978. The portions below the black line represent yield inversions, and shaded areas are recessions

Macy’s plunged 11.4%, the sharpest loss in the S&P 500, after it slashed its profit forecast for the year. The retailer’s profit for the latest quarter fell far short of analysts’ forecasts as it was forced to slash prices on unsold merchandise. The grim results from Macy’s sent other retailers sharply lower, too. Nordstrom sank 10% and Kohl’s dropped 11%.

Energy stocks also sank sharply, hurt by another drop in the price of crude oil on worries that a weakening global economy will drag down demand. National Oilwell Varco slumped 7.4% and Schlumberger skidded 6.5%. The price of benchmark U.S. crude slid 3.9% to $54.88 per barrel. Brent crude, the international standard, lost 3.7% to $59.04.

Gold gained $13.70 to $1,515.90 per ounce, close to a six-year high. Investors also bid up shares in mining company Newmont Goldcorp 1.8%.

Overseas, Germany’s DAX dropped 2.3% following the weak German economic data. France’s CAC 40 fell 2.2%, and the FTSE 100 in London lost 1.7%.

In Asia, Japan’s Nikkei 225 rose 1%, the Kospi in South Korea gained 0.7% and the Hang Seng in Hong Kong added 0.1%.

Trader Andrew Silverman works on the floor of the New York Stock Exchange on Tuesday. The threat of a recession doesn't seem so remote anymore, and stocks sank Wednesday

Trader Andrew Silverman works on the floor of the New York Stock Exchange on Tuesday. The threat of a recession doesn’t seem so remote anymore, and stocks sank Wednesday

Markets have largely been in a spin cycle since Trump announced on Aug. 1 that he would impose 10% tariffs on about $300 billion in Chinese imports, which would be on top of 25% tariffs already in place on $250 billion in imports.

On Tuesday, responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether.

Investors are still worried that the trade war between the world’s two largest economies may drag on through the 2020 U.S. election and cause more economic damage.

For all its whipsawing up and down, the S&P 500 remains within 5% of its record, which was set in late July.

A five-day view of the Dow shows a sharp drop at the open of trading on Wednesday

A five-day view of the Dow shows a sharp drop at the open of trading on Wednesday

https://www.dailymail.co.uk/news/article-7356699/Warnings-economic-crisis-Treasury-yields-invert-time-Great-Recession.html

Federal funds rate

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Federal Funds Rate compared to U.S. Treasury interest rates

2 to 10 year treasury yield spread

Inflation (blue) compared to federal funds rate (red)

Quarterly gross domestic product compared to Federal Funds Rate.

Federal Funds Rate and Treasury interest rates from 2002-2019

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions’ reserve requirements. Institutions with surplus balances in their accounts lend those balances to institutions in need of larger balances. The federal funds rate is an important benchmark in financial markets.[1][2]

The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is determined by a meeting of the members of the Federal Open Market Committee which normally occurs eight times a year about seven weeks apart. The committee may also hold additional meetings and implement target rate changes outside of its normal schedule.

The Federal Reserve uses open market operations to make the federal funds effective rate follow the federal funds target rate. The target rate is chosen in part to influence the money supply in the U.S. economy[3]

Mechanism

Financial institutions are obligated by law to maintain certain levels of reserves, either as reserves with the Fed or as vault cash. The level of these reserves is determined by the outstanding assets and liabilities of each depository institution, as well as by the Fed itself, but is typically 10%[4] of the total value of the bank’s demand accounts (depending on bank size). For transaction deposits of size $9.3 million to $43.9 million (checking accountsNOWs, and other deposits that can be used to make payments) the reserve requirement in 2007–2008 was 3 percent of the end-of-the-day daily average amount held over a two-week period. Transaction deposits over $43.9 million held at the same depository institution carried a 10 percent reserve requirement.

For example, assume a particular U.S. depository institution, in the normal course of business, issues a loan. This dispenses money and decreases the ratio of bank reserves to money loaned. If its reserve ratio drops below the legally required minimum, it must add to its reserves to remain compliant with Federal Reserve regulations. The bank can borrow the requisite funds from another bank that has a surplus in its account with the Fed. The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is set by the governors of the Federal Reserve, which they enforce by open market operations and adjustments in the interest rate on reserves.[5] The target rate is almost always what is meant by the media referring to the Federal Reserve “changing interest rates.” The actual federal funds rate generally lies within a range of that target rate, as the Federal Reserve cannot set an exact value through open market operations.

Another way banks can borrow funds to keep up their required reserves is by taking a loan from the Federal Reserve itself at the discount window. These loans are subject to audit by the Fed, and the discount rate is usually higher than the federal funds rate. Confusion between these two kinds of loans often leads to confusion between the federal funds rate and the discount rate. Another difference is that while the Fed cannot set an exact federal funds rate, it does set the specific discount rate.

The federal funds rate target is decided by the governors at Federal Open Market Committee (FOMC) meetings. The FOMC members will either increase, decrease, or leave the rate unchanged depending on the meeting’s agenda and the economic conditions of the U.S. It is possible to infer the market expectations of the FOMC decisions at future meetings from the Chicago Board of Trade (CBOT) Fed Funds futures contracts, and these probabilities are widely reported in the financial media.

Applications

Interbank borrowing is essentially a way for banks to quickly raise money. For example, a bank may want to finance a major industrial effort but may not have the time to wait for deposits or interest (on loan payments) to come in. In such cases the bank will quickly raise this amount from other banks at an interest rate equal to or higher than the Federal funds rate.

Raising the federal funds rate will dissuade banks from taking out such inter-bank loans, which in turn will make cash that much harder to procure. Conversely, dropping the interest rates will encourage banks to borrow money and therefore invest more freely.[6] This interest rate is used as a regulatory tool to control how freely the U.S. economy operates.

By setting a higher discount rate the Federal Bank discourages banks from requisitioning funds from the Federal Bank, yet positions itself as a lender of last resort.

Comparison with LIBOR

Though the London Interbank Offered Rate (LIBOR) and the federal funds rate are concerned with the same action, i.e. interbank loans, they are distinct from one another, as follows:

  • The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies.
  • The (effective) federal funds rate is achieved through open market operations at the Domestic Trading Desk at the Federal Reserve Bank of New York which deals primarily in domestic securities (U.S. Treasury and federal agencies’ securities).[7]
  • LIBOR is based on a questionnaire where a selection of banks guess the rates at which they could borrow money from other banks.
  • LIBOR may or may not be used to derive business terms. It is not fixed beforehand and is not meant to have macroeconomic ramifications.[8]

Predictions by the market

Considering the wide impact a change in the federal funds rate can have on the value of the dollar and the amount of lending going to new economic activity, the Federal Reserve is closely watched by the market. The prices of Option contracts on fed funds futures (traded on the Chicago Board of Trade) can be used to infer the market’s expectations of future Fed policy changes. Based on CME Group 30-Day Fed Fund futures prices, which have long been used to express the market’s views on the likelihood of changes in U.S. monetary policy, the CME Group FedWatch tool allows market participants to view the probability of an upcoming Fed Rate hike. One set of such implied probabilities is published by the Cleveland Fed.

Historical rates

As of 19 December 2018 the target range for the Federal Funds Rate is 2.25–2.50%.[9] This represents the ninth increase in the target rate since tightening began in December 2015.[10]

The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%. The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%. Between December 2008 and December 2015 the target rate remained at 0.00–0.25%, the lowest rate in the Federal Reserve’s history, as a reaction to the Financial crisis of 2007–2008 and its aftermath. According to Jack A. Ablin, chief investment officer at Harris Private Bank, one reason for this unprecedented move of having a range, rather than a specific rate, was because a rate of 0% could have had problematic implications for money market funds, whose fees could then outpace yields.[11]

Federal funds rate history and recessions.png

Explanation of federal funds rate decisions

When the Federal Open Market Committee wishes to reduce interest rates they will increase the supply of money by buying government securities. When additional supply is added and everything else remains constant, the price of borrowed funds – the federal funds rate – falls. Conversely, when the Committee wishes to increase the federal funds rate, they will instruct the Desk Manager to sell government securities, thereby taking the money they earn on the proceeds of those sales out of circulation and reducing the money supply. When supply is taken away and everything else remains constant, the interest rate will normally rise.[12]

The Federal Reserve has responded to a potential slow-down by lowering the target federal funds rate during recessions and other periods of lower growth. In fact, the Committee’s lowering has recently predated recessions,[13] in order to stimulate the economy and cushion the fall. Reducing the federal funds rate makes money cheaper, allowing an influx of credit into the economy through all types of loans.

The charts linked below show the relation between S&P 500 and interest rates.

  • July 13, 1990 — Sept 4, 1992: 8.00%–3.00% (Includes 1990–1991 recession)[14][15]
  • Feb 1, 1995 — Nov 17, 1998: 6.00–4.75 [16][17][18]
  • May 16, 2000 — June 25, 2003: 6.50–1.00 (Includes 2001 recession)[19][20][21]
  • June 29, 2006 — (Oct. 29 2008): 5.25–1.00[22]
  • Dec 16, 2008 — 0.0–0.25[23]
  • Dec 16, 2015 — 0.25–0.50[24]
  • Dec 14, 2016 — 0.50–0.75[25]
  • Mar 15, 2017 — 0.75–1.00[26]
  • Jun 14, 2017 — 1.00–1.25[27]
  • Dec 13, 2017 — 1.25–1.50[28]
  • Mar 21, 2018 — 1.50–1.75[29]
  • Jun 13, 2018 — 1.75–2.00[30]
  • Sep 26, 2018 — 2.00–2.25[9]
  • Dec 19, 2018 — 2.25–2.50[31]

Bill Gross of PIMCO suggested that in the prior 15 years ending in 2007, in each instance where the fed funds rate was higher than the nominal GDP growth rate, assets such as stocks and housing fell.[32]

International effects

A low federal funds rate makes investments in developing countries such as China or Mexico more attractive. A high federal funds rate makes investments outside the United States less attractive. The long period of a very low federal funds rate from 2009 forward resulted in an increase in investment in developing countries. As the United States began to return to a higher rate in 2013 investments in the United States became more attractive and the rate of investment in developing countries began to fall. The rate also affects the value of currency, a higher rate increasing the value of the U.S. dollar and decreasing the value of currencies such as the Mexican peso.[33]

See also

References

  1. ^ “Fedpoints: Federal Funds”Federal Reserve Bank of New York. August 2007. Retrieved October 2, 2011.
  2. ^ “The Implementation of Monetary Policy”. The Federal Reserve System: Purposes & Functions (PDF). Washington, D.C.: Federal Reserve Board. August 24, 2011. p. 4. Retrieved October 2, 2011.
  3. ^ “Monetary Policy, Open Market Operations”. Federal Reserve Bank. January 30, 2008. Archived from the original on April 13, 2001. Retrieved January 30, 2008.
  4. ^ “Reserve Requirements”. Board of Governors of The Federal Reserve System. December 16, 2015.
  5. ^ Stefan Homburg (2017) A Study in Monetary Macroeconomics, Oxford University Press, ISBN 978-0-19-880753-7.
  6. ^ “Fed funds rate”. Bankrate, Inc. March 2016.
  7. ^ Cheryl L. Edwards (November 1997). Gerard Sinzdak. “Open Market Operations in the 1990s” (PDF)Federal Reserve Bulletin (PDF).
  8. ^ “BBA LIBOR – Frequently asked questions”. British Bankers’ Association. March 21, 2006. Archived from the original on February 16, 2007.
  9. Jump up to:a b “Federal Reserve issues FOMC statement” (Press release). Board of Governors of the Federal Reserve System. December 19, 2018. Retrieved June 2, 2019.
  10. ^ Tankersley, Jim (March 21, 2018). “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”The New York Times. Retrieved March 22, 2018.
  11. ^ “4:56 p.m. US-Closing Stocks”. Associated Press. December 16, 2008. Archived from the original on July 18, 2012.
  12. ^ David Waring (February 19, 2008). “An Explanation of How The Fed Moves Interest Rates”. InformedTrades.com. Archived from the original on May 5, 2015. Retrieved July 20, 2009.
  13. ^ “Historical Changes of the Target Federal Funds and Discount Rates, 1971 to present”. New York Federal Reserve Branch. February 19, 2010. Archived from the original on December 21, 2008.
  14. ^ “$SPX 1990-06-12 1992-10-04 (rate drop chart)”. StockCharts.com.
  15. ^ “$SPX 1992-08-04 1995-03-01 (rate rise chart)”. StockCharts.com.
  16. ^ “$SPX 1995-01-01 1997-01-01 (rate drop chart)”. StockCharts.com.
  17. ^ “$SPX 1996-12-01 1998-10-17 (rate drop chart)”. StockCharts.com.
  18. ^ “$SPX 1998-09-17 2000-06-16 (rate rise chart)”. StockCharts.com.
  19. ^ “$SPX 2000-04-16 2002-01-01 (rate drop chart)”. StockCharts.com.
  20. ^ “$SPX 2002-01-01 2003-07-25 (rate drop chart)”. StockCharts.com.
  21. ^ “$SPX 2003-06-25 2006-06-29 (rate rise chart)”. StockCharts.com.
  22. ^ “$SPX 2006-06-29 2008-06-01 (rate drop chart)”. StockCharts.com.
  23. ^ “Press Release”. Board of Governors of The Federal Reserve System. December 16, 2008.
  24. ^ “Open Market Operations”. Board of Governors of The Federal Reserve System. December 16, 2015.
  25. ^ “Decisions Regarding Monetary Policy Implementation”. Board of Governors of The Federal Reserve System. Archived from the original on December 15, 2016.
  26. ^ Cox, Jeff (March 15, 2017). “Fed raises rates at March meeting”CNBC. Retrieved March 15, 2017.
  27. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 14, 2017.
  28. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 13, 2017.
  29. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. March 21, 2018.
  30. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 13, 2018.
  31. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 19, 2018.
  32. ^ Shaw, Richard (January 7, 2007). “The Bond Yield Curve as an Economic Crystal Ball”. Retrieved April 3, 2011.
  33. ^ Peter S. Goodman, Keith Bradsher and Neil Gough (March 16, 2017). “The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer”The New York Times. Retrieved March 18,2017Rising interest rates in the United States are driving money out of many developing countries, straining governments and pinching consumers around the globe.

External links

https://en.wikipedia.org/wiki/Federal_funds_rate

Missy Higgins

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Missy Higgins
A woman in her twenties with short blonde hair, wearing a black jacket and grey shirt with black stripes.

Missy Higgins, ARIA No. 1 Chart Awards, 10 August 2012
Background information
Birth name Melissa Morrison Higgins
Born 19 August 1983 (age 36)
Origin MelbourneVictoria
Genres Pop rockindieacoustic
Occupation(s) Singer-songwritermusician
Instruments Vocalspianosynthesiserguitarmelodicaxylophonecowbellukulele
Years active 2001–present
Labels Eleven
Reprise
Warner Bros.
Associated acts
Website missyhiggins.com.au

Melissa Morrison Higgins (born 19 August 1983) is an Australian singer-songwriter, musician and actress. Her Australian number-one albums are The Sound of White (2004), On a Clear Night (2007) and The Ol’ Razzle Dazzle (2012), and her singles include “Scar“, “The Special Two“, “Steer” and “Where I Stood“. Higgins was nominated for five ARIA Music Awards in 2004 and won ‘Best Pop Release’ for “Scar”. In 2005, she was nominated for seven more awards and won five. Higgins won her seventh ARIA in 2007. Her third album, The Ol’ Razzle Dazzle, was released in Australia in June 2012 (July 2012 in the US). As of August 2014, Higgins’ first three studio albums had sold over one million units.[1]

Higgins’ fourth studio album, OZ, was released in September 2014 and consists of cover versions of Australian composers, as well as a book of related essays.

Alongside her music career, Higgins pursues interests in animal rights and the environment, endeavouring to make her tours carbon neutral. In 2010 she made her acting debut in the feature film Bran Nue Dae and also performed on its soundtrack.

Biography

Early life

Higgins was born in Melbourne, Victoria, to Gregory Higgins, an English-Australian Tipstave, and Margaret (née Morrison), an Australian childcare centre operator.[2][3] Her sister, Nicola, is seven years older and her brother, David, six years older.[3] Higgins learned to play classical piano from age six, following in the footsteps of Christopher and David, but realised she wanted to be a singer at about 12, when she appeared in an Armadale Primary School production of Andrew Lloyd Webber‘s musical Joseph and the Amazing Technicolor Dreamcoat.[4] Bored with practice, she gave up playing piano at that time.[5] Hoping for more freedom, she urged her parents to send her to Geelong Grammar School, an independent boarding school that her siblings attended. At Geelong, Higgins took up the piano again, this time playing jazz and performing with her brother David’s group on weekends.[6]Introverted by nature, Higgins found that piano practice helped her cope with living at boarding school.[5]

At 15, while attending Geelong Grammar’s Timbertop, she wrote “All for Believing” for a school music assignment, completing it just hours before the deadline.[7] The assignment earned an A and she performed her song in front of classmates. She approached a Melbourne record company and was told that they wanted more than one song.[5] She wrote more songs and worked with the Kool Skools project, which enables students to record music.[8] In 2001, Missy’s sister Nicola entered “All for Believing” on her behalf in Unearthed, radio station Triple J‘s competition for unsigned artists. The song won the competition and was added to the station’s play list.[9]

Two record companies showed an interest in Higgins—Sony and Eleven.[5] She signed with Eleven, partly because they agreed that she would not be “made into a pop star”[10] and partly because they were happy for her to take time off for a backpacking holiday.[5]Higgins’ manager is Eleven’s John Watson, who also manages rock band Silverchair.[2] Watson later disclosed that “Missy’s the only time in my career I knew after 90 seconds I really wanted to sign her.”[11] The backpacking trip had been planned with a friend for years and the pair spent most of 2002 in Europe; while Higgins was travelling, “All for Believing” started to receive airplay on Los Angeles radio station KCRW.[12] Such radio exposure attracted the attention of American record labels and, by year’s end, an international recording deal with Warner Bros. had been negotiated.[13]

2003–2005: The Sound of White

Higgins is seated. She sings into a microphone and plays a keyboard instrument. The lettering RD-300SX and Roland are visible across its front.

Higgins, San Francisco, 11 August 2005
Courtesy Nabeel Hyatt

Higgins was the support act on a 2003 Australian tour by folk rock band The Waifs and rock band george.[13] She travelled to the US to work with John Porter, who produced her first EPThe Missy Higgins EP,[14] which was released in November and entered the Australian Recording Industry Association (ARIA) Singles Chart Top 50 in August 2004.[15]

She toured Australia, supporting Pete Murray and John Butler Trio.[16] Her four-track single “Scar'” was released in July 2004 and debuted at No. 1 on the ARIA Charts.[15][17] Her first album, The Sound of White, was released in September, and debuted at No. 1 on the ARIA Albums Chart.[15] Also produced by Porter, it sold over 500,000 copies.[18] She was nominated in five categories at the ARIA Music Awards of 2004 for “Scar”: Best Female Artist’, ‘Single of the Year’, ‘Best Pop Release’, ‘Breakthrough Artist – Single’ and ‘Best Video’ (directed by Squareyed Films).[19] At the awards ceremony on 17 October she received the award for Best Pop Release, beating Delta GoodremThe DissociativesKylie Minogue and Pete Murray.[19] This was followed by her first national headline tour.[20] Her second single “Ten Days” was co-written with Jay Clifford (guitarist in US band Jump, Little Children) and was inspired by Higgins’ 2002 break-up with her boyfriend before she travelled to Europe.[21] Released in November, it peaked at No. 12.[15]

On 29 January 2005 Higgins performed with other local musicians including Nick Cave and Powderfinger at the WaveAid fundraising concert in the Sydney Cricket Ground.[22] The concert raised A$2.3 million for four charities supporting the victims of the 2004 Indian Ocean earthquake.[23] In March Higgins performed at the MTV Australia Awards and won the prize for ‘Breakthrough Artist of the Year’.[24] The following month she released her third single, “The Special Two”, which was a radio hit and reached No. 2.[15] “The Special Two” was released on an EP which included her cover of the Skyhooks song, “You Just Like Me Cos I’m Good In Bed”, recorded for Triple J‘s 30th anniversary. The song had been the first track played on Triple J when it launched (as Double J) in 1975.[25] In May, Higgins won the ‘Song of the Year’ and ‘Breakthrough’ awards for “Scar” from the Australasian Performing Right Association (APRA).[26] She continued touring in mid-2005 and released her fourth single, “The Sound of White”, in August.[15] In September she played a sold out performance at the Vanguard in Sydney with the proceeds going to charity.[27] She was nominated for seven more ARIAs and in October won ‘Album of the Year’, ‘Best Pop Release’, ‘Breakthrough Artist – Album’ and ‘Highest Selling Album’ (all for The Sound of White) and ‘Best Female Artist’ (for “Scar”).[28] She teamed up with fellow ARIA award-winning singer Ben Lee in late 2005 for a national tour.[29]

2006–2009: On a Clear Night

Higgins stands and plays an acoustic guitar with her left hand high on the fret board. She sings into a microphone. Her right arm and bottom of guitar are not in view. Background has large stage lights.

Higgins, Live Earth concert, Sydney, 7 July 2007
Courtesy Itapp

During 2006, Higgins lived in Broome, Western Australia for six months, away from the entertainment industry. The relaxed lifestyle helped her focus on writing new material.[30] The landscape made a big impression, “It was the first place I’d ever felt honestly connected with my country, with the physical land of my country” and inspired her to write “Going North”.[31] She then toured the United States and South Africa, writing more material on the road.[32] In September she based herself in Los Angeles to record her second album, On a Clear Night, with producer Mitchell Froom.[33][34] “Steer” was released as an EP, followed a fortnight later by its album on 28 April 2007, both debuted at No. 1 on their respective charts.[15]

In February, Higgins had contributed a tribute song to the album, Cannot Buy My Soul, for noted indigenous singer, Kev Carmody, singing “Droving Woman” with musician Paul Kelly and group Augie March.[35] On 7 July, she participated in the Live Earth concert in Sydney, performing her own set before joining Carmody, Kelly and vocalist John Butler on stage for the song “From Little Things Big Things Grow“.[36] Emily Dunn in The Sydney Morning Herald wrote “[the song] could have been the event’s anthem”.[37] Rolling Stone‘s Dan Lander pointed out a highlight, when the “whole crowd sung along – all eleven verses.”[38]

Higgins returned to Los Angeles to focus on the US market—she spent September and October touring—where she was still relatively unknown.[39] On 26 October, backed by the Sydney Youth Orchestra, she headlined the annual Legs 11 concert, a breast cancer benefit held in The DomainRoyal Botanic Gardens, Sydney.[40] Two days later Higgins performed at the 2007 ARIAs where she was nominated for ‘Best Pop Release’, ‘Highest Selling Album’ and ‘Highest Selling Single’ (for “Steer”) and won ‘Best Female Artist’ (for On a Clear Night)—her seventh ARIA Music Award.[41] On 31 October, she was a guest at television music channel MAX‘s inaugural Concert for the Cure, a private concert for people affected by breast cancer. She sang headline act Powderfinger’s “Sunsets” with front man Bernard Fanning and joined in with the encore of “These Days“.[42][43] She spent November and December on her For One Night Only Tour, taking in Cairns, Sydney and Perth. You Am I lead singer, Tim Rogers, joined her on some shows.[44]

On a Clear Night, was released in the US on 26 February 2008, supported by a tour in March. Her ten-month stay in Los Angeles during 2008 promoted her songs for films and television shows.[33][45] Her first US single “Where I Stood” was featured in US series including Grey’s AnatomyOne Tree Hill and So You Think You Can Dance.[46] During 2008, Higgins supported the Indigo Girls and then Ben Folds on their respective US tours.[47] February and March 2009 saw her co-headlining a US tour with Canadian Justin Nozuka.[48] On 31 March she released an EP, More Than This in Australia that features cover versions of “More Than This” by Roxy Music, “(I’m) In Love Again” by Peggy Lee, “Breakdown” by Tom Petty and “Moses” by Patty Griffin.[49] “Moses” had been included on Triple J’s 2005 compilation album Like a Version: Volume One and “More Than This” was recorded as part of Covered, A Revolution in Sound, a Warner Bros. tribute album also released in March 2009.[50]

2010–2013: The Ol’ Razzle Dazzle

Higgins performing live in December 2012

Higgins started writing music for her third album in 2009.[51] After about seven years of touring and recording she took a break from the music industry to pursue other interests.[52] In 2010 she enrolled in a course in indigenous studies at the University of Melbourne.[53] Her acting debut was as Annie in 2010 film Bran Nue Dae directed by Rachel Perkins. The film is an adaptation of the 1990 musical, Bran Nue Dae, “Australia’s first Aboriginalmusical”.[54] Although Higgins would consider future acting projects she has no plans to actively pursue it as a career.[51][55]

In July and August 2010, Higgins played several dates of Sarah McLachlan‘s Lilith Fair tour in the US.[56][57] At Lilith Fair, she met Australian musician Butterfly Boucher and they decided to work together. In 2011, Higgins travelled to where Boucher was living in Nashville to record her third album, which is co-produced by Boucher and Brad Jones.[58] Titled The Ol’ Razzle Dazzle, the album was released on 1 June 2012.[59] Its first single, “Unashamed Desire“, co-written with Boucher, was released on 23 April.[60] In November 2011, at the ARIA Music Awards, Higgins performed a duet of “Warwu”with Geoffrey Gurrumul Yunupingu, from his Rrakala album.[61]

“The Ol’ Razzle Dazzle” album debuted at #1 on the ARIA Albums Chart the week of 12 June 2012. It was Higgins’ 3rd straight number one album. As of January 2019, Higgins ties Olivia Newton-John for the 3rd highest tally of Australian Number One albums by an Australian female artist. Only Delta Goodrem (with four Number 1 ARIA albums) and Kylie Minogue and Kasey Chambers (with five each) have achieved more.

2014: Oz

In September 2014, Higgins released her fourth studio album, Oz, which features cover versions of Australian composers, including The Angels, Slim Dusty, Something For Kate, Warumpi Band, Paul Kelly and The Drones. The album is also accompanied by a book of related essays, in which Higgins uses each of the recordings to reflect upon subjects such as music and love.[62] Higgins collaborated with Dan Sultan for the recording of the Slim Dusty song “The Biggest Disappointment”.[63]

Higgins explained in an October 2014 interview that she experienced a significant bout of writer’s block following the completion of her second album and someone suggested an album of cover versions at the time, but she only revisited the idea during the conception of Oz. Higgins further explained:

I responded to all these songs on an emotional level, when I first heard them. I wanted songs I felt I could tell with my own voice, and interpret them authentically … But it was important to maintain the emotional integrity and the heart of the song. It was a high priority to keep true to the songs.[63]

The album was co-produced by Jherek Bischoff, who previously worked with David Byrne, formerly of Talking Heads, and Amanda Palmer.[1]

Oz debuted at number 3 on the ARIA Albums chart[64] and remained in the top five positions until 18 October 2014.[65]

The national Australian tour in support of Oz commenced on 20 September 2014 in Cairns, Queensland, and ended in Melbourne in October 2014. Higgins was accompanied by Bischoff, and Australian artist Dustin Tebbutt appeared as a special guest.[1]

2015–present: Solastalgia and The Special Ones

Higgins, performing live in Taronga Zoo, February 2016.

On 19 February 2016, Higgins released a new single titled, “Oh Canada“,[66] in her response to the Death of Alan Kurdi.

In May 2017, Higgins released “Torchlight“, for the Australian drama film, Don’t Tell.[67]

In October 2017, Higgins appeared in a revival of the 1996 musical Miracle City by Nick Enright and Max Lambert at the Sydney Opera House, playing the role of Bonnie Mae.[68]

In February 2018, Higgins released the single “Futon Couch“, the first single from her fifth studio album, called Solastalgia, released in May 2018.[69]

In February 2018, it was announced that Missy Higgins would support Ed Sheeran‘s tour around Australia.[70]

In November 2018, Higgins released her first greatest hits album titled The Special Ones.[71]

Musical influences and technique

Higgins grew up in the 1980s and 1990s listening to artists that her older siblings liked—Nicola played Mariah Carey and Whitney Houston, while David favoured Queen and Kiss.[72][73] Departing for boarding school at age 13, she was exposed to alternative artists like Nirvana and Hole and started teaching herself guitar and writing her own music.[73] She also began singing with David’s jazz group on weekends. As an adult she prefers Nina Simone and Ray Charles to “poppy dance music”.[73] She has cited Patty GriffinRon SexsmithRufus WainwrightPaul Kelly and Sarah McLachlan as influences.[5][51][74] Material from her third album is influenced by ambient music from LowJon Hopkins, Icelandic band Sigur Rós and Estonian classical composer Arvo Pärt.[51]

Higgins’ song writing grew out of a desire to express her emotions when she was at school and her lyrics describe her feelings about her own life and relationships.[75][76] The piano was the first instrument she learned to play, and she continues to use it as well as digital pianos including a Roland RD-300SX, RD-700 and KR-15.[77][78] She also uses guitars extensively in her music particularly when touring, due to their portable nature and favours the Australian brand, Maton.[78] On occasion she plays keytarxylophone and melodicaduring performances.[31][79]

On 7 September 2012, Higgins recorded a cover version of Gotye‘s “Heart’s A Mess” for the “Like a Version” segment on Australian radio station Triple J, explaining on-air that the song is her favourite Gotye composition. Higgins had travelled with Gotye previously and referred to him as “an incredible singer” in the interview prior to the rendition.[80]

Causes

As a vegetarian, Higgins promoted the health benefits of not eating meat in a 2005 advertising campaign by People for the Ethical Treatment of Animals (PETA);[81] and has supported their anti-fur stance.[45] She is interested in environmental issues and is involved with the Sierra Club, a grassroots organisation based in California.[45] She has protested against the proposed industrialisation of the Kimberley region of Western Australia and donated the royalties from her 2009 EP More Than This.[49] Since early 2007, Higgins has tried to make her tours carbon neutral, she purchases green energy to power venues, uses hybrid cars where possible and purchases carbon offsets.[82]

On 5 October 2012, Higgins performed at two “Save the Kimberley” events held at Federation Square in Melbourne and The Esplanade in Fremantle, Western Australia.[83][84] A march to protest against the proposed gas refinery construction at James Price Point accompanied the free concert and campaign supporters were photographed with banners and placards.[85]

As of 2012, Higgins is one of numerous publicly known advocates for the ‘Oscar’s Law’ campaign. The campaign, launched in 2010, protests against the existence of “puppy factories” in Australia, whereby animals are factory farmed. One of the campaign’s slogans is “Break the Puppy Trade—Don’t buy puppies from pet shops” and the list of notable advocates includes Paul Dempsey (musician), Kate Ceberano (singer) and Mick Molloy (comedian).[86]

In response to the proposed dumping of around 3 million cubic metres (110 million cubic feet) of dredged seabed onto the Great Barrier Reef,[87] a legal fighting team was formed by World Wide Fund for Nature (WWF)-Australia and the Australian Marine Conservation Society (AMCS) in late 2013/early 2014.[88] The legal team received further support in April 2014, following the release of the “Sounds For The Reef” musical fundraising project. Produced by Straightup, the digital album features Higgins, in addition to artists such as The HerdSiettaJohn ButlerThe Cat EmpireFat Freddys Drop, The Bamboos (featuring Kylie Auldist) and Resin Dogs. Released on 7 April, the album’s 21 songs were sold on the Bandcamp website.[89][90]

Personal life

Higgins has been a patron of multiple mental health charities since 2003. She described her younger self as “a bit of a depressed child” and “introverted”, and that she had “experienced various degrees of depression”.[14][91] Prescribed antidepressant medication while in high school, she learned to channel low moods into songwriting, calling music her “emotional outlet”.[3][72] In a 2006 interview she said that her songs were “coming from more of a happier place”.[92] While recording her second album she discovered a passion for rock climbing, as a “meditative pursuit”[93] and that, “It’s the first and last thing I’ve had — other than music — that I’m passionate about.”[72]

From 2004 to 2007, Higgins’ sexual orientation was the subject of media speculation based partly on interpretations of her lyrics and her interviews. In an October 2007 interview with Australian lesbian magazine Cherrie, she was asked if she fell under the moniker of “not-so-straight” girls. She replied “Um, yeah, definitely. … I think sexuality is a fluid thing and it’s becoming increasingly more acceptable to admit that you’re that way.”[94] In November her Myspace page reported, “I’ve been in relationships with both men and women so I guess I fall most easily under the category ‘Bisexual'”.[95][96]

In 2013, Higgins began a relationship with Broome playwright and comedian Dan Lee.[97][98] Higgins gave birth to her son named Samuel Arrow Lee, on 5 January 2015.[99] They got married in March 2016,[100][101] and she gave birth to daughter named Luna, on 13 August 2018.

Discography

Filmography

Awards and nominations

Higgins at the ARIA Awardsceremony, December 2013, Star Event Centre, Sydney

APRA Awards

The APRA Awards are presented annually from 1982 by the Australasian Performing Right Association (APRA).[102] Higgins has won two awards from six nominations.[103][104]

 
Year Nominee / work Award Result
2005 Scar” (Missy Higgins, Kevin Griffin) – Missy Higgins Song of the Year[103] Won
Ten Days” (Missy Higgins, Jay Clifford) – Missy Higgins Song of the Year[105] Nominated
Missy Higgins Breakthrough Award[104] Won
2006 The Special Two” (Missy Higgins) – Missy Higgins Song of the Year[106] Nominated
Most Performed Australian Work[106] Nominated
“Ten Days” (Missy Higgins, Jay Clifford) Most Performed Australian Work[106] Nominated

ARIA Awards

The ARIA Music Awards are presented annually from 1987 by the Australian Recording Industry Association (ARIA). Higgins has won nine awards from twenty-four nominations.[107][108]

 
Year Nominee / work Award Result
2004 Scar Single of the Year Nominated
Best Female Artist Nominated
Breakthrough Artist – Single Nominated
Best Pop Release Won
“Scar” – Squareyed Films Best Video Nominated
2005 The Sound of White Album of the Year Won
Best Female Artist Won
Highest Selling Album Won
Breakthrough Artist – Album Won
Best Pop Release Won
The Sound of White – Cathie Glassby Best Cover Art Nominated
The Special Two Single of the Year Nominated
Highest Selling Single Nominated
2006 If You Tell Me Yours, I’ll Tell You Mine Best Music DVD Nominated
2007 On a Clear Night Best Female Artist Won
Best Pop Release Nominated
Highest Selling Album Nominated
Steer Highest Selling Single Nominated
2008 Peachy Best Female Artist Nominated
2012 The Ol’ Razzle Dazzle Best Female Artist Nominated
Album of the Year Nominated
Best Adult Contemporary Artist Won
Everyone’s Waiting” – Natasha Pincus Best Video Won
2013 “Set Me on Fire” Best Female Artist Nominated
2018 Solastalgia Best Adult Contemporary Album Nominated

Other awards

She has won an MTV Australia Video Music Award.[24]

References …

https://en.wikipedia.org/wiki/Missy_Higgins

 

 

Story 4: President Trump Energy Speech at Shell Pennsylvania Petrochemicals Complex in Monaca, Pennsylvania 

FULL SPEECH: President Trump speech on energy in Pennsylvania

Trump was supposed to give a speech on energy. He went way off script.

Updated 

President Donald Trump on Tuesday headed to a Shell petrochemicals plant being built outside Pittsburgh to give what was billed by the White House as a speech on “America’s Energy Dominance and Manufacturing Revival.”

But the hourlong address was light on energy policy and heavy on stump speech material and off-script riffs, as Trump touched on everything from his love of trucks to his assessment of his potential 2020 rivals. The meandering speech came on a day when the president had already attacked a CNN anchor, endorsed a controversial World Series hero’s potential congressional bid and defended his parroting of a conspiracy theory concerning the apparent suicide of his onetime friend Jeffrey Epstein.

Here are some of Trump’s most off-key comments:

On the supposed benefits of natural gas over renewable energy: “When the wind stops blowing, it doesn’t make any difference does it? Unlike those big windmills that destroy everybody’s property values, kill all the birds. One day the environmentalists are going to tell us what’s going on with that. And then all of a sudden it stops. The wind and the televisions go off. And your wives and husbands say: ‘Darling, I want to watch Donald Trump on television tonight. But the wind stopped blowing and I can’t watch. There’s no electricity in the house, darling.’”

On his construction chops: “I was a good builder. I built good. I love building; in fact, I’m going to take a tour of the site.”

On doing some campaigning: “I’m going to speak to some of your union leaders to say, ‘I hope you’re going to support Trump, OK?’ And if they don’t, vote ‘em the hell out of office because they’re not doing their job — it’s true.”

On his love of trucks: “I love cranes, I love trucks of all types. Even when I was a little boy at 4 years old, my mother would say, ‘You love trucks.’ I do, I always loved trucks, I still do. Nothing changes — sometimes you know you might become president, but nothing changes — I still love trucks. Especially when I look at the largest crane in the world, that’s very cool. You think I’ll get to operate it? We’ll put the media on it and I’ll give them a little ride, right?”

On pundits suggesting he might not leave office willingly: “Can you imagine if I got a fair press? I mean, we’re leading without it; can you imagine if these people treated me fairly? The election would be over. Have they ever called off an election before? Just said, ‘Look just let’s go, go on four more years.’ You want to really drive them crazy? Go to #ThirdTerm, #FourthTerm — you’ll drive them totally crazy.”

On what Trump perceives as a trade imbalance with Japan: “They send us thousands and thousands — millions of cars, we send them wheat. Wheat. That’s not a good deal. And they don’t even want our wheat. They do it because they want us to at least feel that we’re OK, you know, they do it to make us feel good.” This assertion is false.

On the price tag of the presidency: “This thing is costing me a fortune, being president. Somebody said, ‘Oh, he might have rented a room to a man from Saudi Arabia for $500.’ What about the $5 billion that I’ll lose — you know, it’s probably going to cost me, including, upside, downside, lawyers, because every day they sue me for something. These are the most litigious people. It’s probably costing me from $3 to $5 billion for the pleasure of being — and I couldn’t care less, I don’t care. You know if you’re wealthy, it doesn’t matter. I just want to do a great job.”

On his pledge to salvage manufacturing jobs: “You guys, I don’t know what the hell you’re going to do. You don’t want to make widgets, right? You don’t want to make — do you want to learn how to make a computer? A little tiny piece of stuff. … You put it with those big, beautiful hands of yours like … you’re going to take these big hands, going to take this little tiny part. You’re going to go home, ‘Alice this is a tough job.’ Nah, you want to make steel, and you want to dig coal — that’s what you want to do!”

On the number of members of the media at the event, at about 2:45 p.m.: “That’s a lot people back there for, like, an 11 o’clock speech. That’s a lot of people.”

On the Oscars: “Like the Academy Awards during the day, it used to be — you know the Academy Awards is on hard times now, you know that right? Nobody wants to watch it. You know why? Because they started taking us on, everyone got tired of it. It’s amazing. That used to be second after the Super Bowl, and then all of a sudden now it’s just another show because people got tired of people getting up and making fools of themselves and disrespecting the people in this room and the people that won the election in 2016.”

On attacking Sen. Elizabeth Warren and former Vice President Joe Biden, potential 2020 rivals: “I did it very early with Pocahontas, I should have probably waited. She’s staging a comeback on Sleepy Joe. I don’t know who’s going to win, but we’ll have to hit Pocahontas very hard again if she does win. But she’s staging a little bit of a comeback. What a group — Pocahontas and Sleepy Joe.”

On Mexico deploying soldiers to stem the flow of Central American migrants: “I want to thank Mexico, it’s incredible. We have close to 27,000, you think of that. We never had three — I think we had about 2½ soldiers, one was sitting down all the time. We had nobody.”

https://www.politico.com/story/2019/08/13/donald-trump-energy-speech-pittsburgh-1461337

 

Shell Pennsylvania Petrochemicals Complex
Monaca, Pennsylvania

2:06 P.M. EDT

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT: Well, thank you very much.  And thank you, Gretchen.  It’s great to be back in the incredible Commonwealth of Pennsylvania.  Great place.  And this is my 13th visit to Pennsylvania during my administration, which is more than any other President to this point in the term.

And I really love Pennsylvania.  I went to school in Pennsylvania — Philadelphia.  So, we love this state.  And I love the unions and I love the workers.  And, you know, when I built buildings in New York — (applause) — I built them exclusively with unions.  People don’t understand that.  I was exclusive.

And, in the last really great election, our election of 2016, you know, we did great with the union workers.  Great.  But we didn’t do good with the leadership.  The leadership said, “Well, we’ve always gone Democrat.  Let’s keep going that way.”  That didn’t work out too well for some of them, I want to tell you.  (Applause.)  I’ll tell you.  And as Gretchen said, this would have never happened without me and us.  This would have never happened.  So, I’m with you.  I’m with you.  Remember that.
And remember that Pennsylvania — you know, Pennsylvania has the best numbers they’ve ever had in the history of the state.  And that’s for a very good reason.  And you know what that reason is.

(Audience member waves.)  Hello.  Here I am.  (Applause.)

And I’m truly honored to be here with the amazing energy workers and construction workers.  These are talented people.  The craft workers who make America run and who make America proud.  We’re proud again.  We’re proud again.  (Applause.)

And no one in the world does it better than you.  Nobody.  Nobody does it better.  There’s nobody in the world that does it.  And we’re unleashing that power again like we’ve never seen before, I will say.

And we are doing well and we’re fighting against a lot of countries that have taken advantage of us for many, many years.  But they’re not doing it so much anymore.  And in a little period of time, they won’t be doing it at all anymore.  They have taken advantage of this country.  (Applause.)

Today, we celebrate the revolution in American energy that’s helping make our economy the envy of the world.  This Shell petrochemical plant in Beaver County, Pennsylvania — I did very well here.  We did very well.  How many points did we win by?  Does anybody know?  I’ll tell you.  Isn’t it, I think, 28 points?  That’s a lot.  That’s against a Democrat — (laughter) — or whatever.

It’s one of the single-biggest construction projects in the nation.  And it made it possible and was possible by clean, affordable, all-American natural gas.  Powerful, clean, natural gas.  (Applause.)

And when the wind stops blowing, it doesn’t make any difference, does it?  Unlike those big windmills that destroy everybody’s property values, kill all the birds.  Someday, the environmentalists are going to tell us what’s going on with that.  And then, all of a sudden, it stops; the wind and the televisions go off.  And your wives and husbands say, “Darling, I want to watch Donald Trump on television tonight.”  (Laughter.)  “But the wind stopped blowing and I can’t watch.  There’s no electricity in the house, darling.”  No, we love natural gas and we love a lot of other things, too.

Each of you is taking part in the largest investment in Pennsylvania history.  It’s the largest investment in the history of Pennsylvania, in the history of our country — the money that’s being invested in your state right now.

With your help, we’re not only unleashing American energy, we’re restoring the glory of American manufacturing, and we are reclaiming our noble heritage as a nation of builders again.  (Applause.)  A nation of builders.

I was a good builder.  I built good.  I love building.  In fact, I’m going to take a tour of the site.  They said, “Sir, we were going to do it before the speech, but we’re waiting for it to stop raining.”  I said, “Don’t worry about the rain.  Do we have umbrellas?  Don’t worry about the rain.  Umbrellas work very well, especially when they’re made in America.”  (Laughs.)  (Applause.)  So, I don’t care.  But we’re going to take a tour afterwards.

I’m going to speak to some of your union leaders to say, “I hope you’re going to support Trump.”  Okay?  (Applause.)  And if they don’t, vote them the hell out of office because they’re not doing their job.  It’s true.  It’s true.  (Applause.)  Vote them out of office.

When completed, this facility will transform abundant natural gas — and we have a lot of it — fracked from Pennsylvania wells, which they never would have allowed you to take if I weren’t President.  If my opponent won, this would be a lot of nice, new structures outside.  I guess you would have stopped long ago.  You would have stopped construction before it started too much.

But I was talking to Gretchen.  They would have never gotten the approvals to do what’s needed to fuel these plants.  That wouldn’t have been good.  So, probably, they wouldn’t have started.  But if they would have started, it would have stopped.

But they put it into plastic through a process known as “cracking.”  That raw material will then be shipped all over the country and all over the world to be fashioned into more products stamped with that very beautiful phrase: “Made in the USA.”  Right?  “Made in the USA.”  (Applause.)  Beautiful.

AUDIENCE:  USA!  USA!  USA!

THE PRESIDENT:  That is a beautiful phrase.

Getting this massive job done right has required more than 1,500 pieces of heavy equipment; one of the largest cranes anywhere in the world — I look forward to seeing it.  I love cranes.  I loves trucks of all types.  Even when I was a little boy at four years old, my mother would say, “You love trucks.”  I do.  I always loved trucks.  I still do.  Nothing changes.  Sometimes, you know, you might become President but nothing changes.  I still love trucks, especially when I look at the largest crane in the world.  That’s very cool.  Do you think I’ll get to operate it?  I don’t know.  (Applause.)  We’ll put the media on it, and I’ll give them a little ride, right?   (Applause.)

And you have thousands of tons of concrete, aluminum and steel, and nearly 6,000 of the strongest, toughest, and most talented workers anywhere on Earth.  (Applause.)  True.  I know.  It was the Trump administration that made it possible.  No one else.  Without us, you would never have been able to do this.

I want to thank all of our great union members: the boilermakers, carpenters — (applause) — cement finishers — (applause) — electricians — (applause) — iron workers — (applause) — laborers — (applause) — millwrights — (applause) — operators — (applause) — plumbers — (applause) — painters — (applause) — steamfitters; I know them well.

And a group that I’ve used more than anybody that’s ever run for office times 1,000, because in New York City they would drive those cement trucks up to my building and those trucks were always on time, and sometimes they were lined up for six blocks when I was doing different things.  Even when I was doing the Wollman Rink, the city couldn’t build it.  Took them nine years.  They had no idea what they were doing.

And I had that whole big — about 70,000 feet — it’s like a massive office floor — bigger than an office floor.  We did it all in one day, and the trunks were lined up from Central Park all the way back into Harlem.  And they did it all in one day — that pour.  It was called a contiguous pour.  The city used to build little pieces.  A little piece here.  A little piece there.  A little piece here.  A little there.  (Laughter.)  A few years later: a little piece here.  Then they had pipes underneath and the pipes were made out of copper.

And during the evening, things would happen, like the copper would be stolen because it was very valuable.  (Laughter.)  So they’d have a little piece with copper, and then the rest of the pipe they’d lay.  And they’d get ready to pour, and they’d leave, and everybody would steal the copper.  So they — this took place for — I guess, from seven to nine years.  Nobody actually knows.  Nobody wants to talk about it.  (Laughter.)  But those trucks were operated incredibly well, and I never missed a delivery.  And it’s called the “Teamsters.”  (Applause.)

I also want to thank I also want to thank Bechtel, a real incredible company.  We talk about the great builders of the world: President Jack Futcher.  Where is he?  Where is he?  Jack.  Where is Jack?  (Applause.)  Jack.  What a great job you’ve done, Jack.  Some big ones.  Think of it this way, Jack.  If we don’t win, you won’t be doing anything in this country.  (Laughter.)  And, you know, the world follows us.  You see that.  The world follows us.  And it won’t be so good.  But you and I are friends, and you’re going to have a lot of work to do, I think, Jack.  A lot of work.  Thank you, Jack.  Great job.  (Applause.)  Jack has done an incredible job.  That’s an incredible company.  Incredible — they’re incredible builders.

And the Secretary-Treasurer of North America’s Building Trades Unions, Brent Booker.  Where’s Brent?  Brent.  Thank you.  Great job.  (Applause.)  Young guy.  You’re so young, Brent.  How the hell did you get that job?  (Laughter.)  Man.

We’re honored to be joined by two leaders who truly have the backs of American workers.  They’ve become friends of mine.  They do such an incredible job.  They break up the roadblocks.  We have a lot of roadblocks in this country, where you have — a little clause can stop a project.  A little clause can stop it for years.  And we break up those little clauses.  We break them up fast.  Energy Secretary Rick Perry.  Where’s Rick?  Rick?  (Applause.)  Thank you, Rick.  What a great guy.

I had to compete with him.  You know, he wanted to be President.  He was tough.  He was nasty.  Man.  (Laughter.)  He was nasty.  But then he said, “I want to do something great.”  And you have been incredible.  He ran Texas for like 14 years — (applause) — and he did it well.  And now he’s running a little thing called “Energy.”  And nobody has ever done it better.  Thank you, Rick, very much.  Great job.

And a man who has been incredible in every way.  You know, EPA — Environmental Protection Agency.  You’ve heard a lot of horror stories where nothing can get done, nothing gets passed.  It takes years and years and years to get a simple permit.  It can take 20, 21 years to get a road, before they reject it.  How about this?  They go 20 years — 21 years, in certain cases — for a highway or a road.  Not even a highway.  At the end of the 21st year, they vote to reject it.  How would you like to be — you’re a young person, you’re starting out, and you’re all excited about this project.  And it starts off as being a simple, straight road, and then it ends up being a total catastrophe because of nesting and lots of other things that we can take care of.  And it’s 20 years later, and then they reject it.  You’ve devote half of your working life to a rejection.  It happened to many people.

And we have a man that knows how to break it up but he’s also a great lover of the environment: EPA Administrator Andrew Wheeler.  He’s done an incredible job.  Andrew?  (Applause.)  Great job, Andrew.  Great.  Really great job.

And I also want to recognize some of my great friends that have helped me so much: Congressman John Joyce.  John?  (Applause.)  John.  Where is John?  John.  John, usually you’re in the front row.  I can’t believe this.  I guess you got shut out by the unions.  Look.  (Laughter.)  Thank you, John.  Fantastic job.  John Joyce.  Been a great friend — a great friend of all of us.

Speaker of the Pennsylvania House of Representatives Michael Turzai.  (Applause.)  Michael Turzai.  Thank you.  Michael, great job.  Thank you.  Good to see you, Michael.  Michael Turzai.  Great name in this state, I’ll tell you, for a long time.  How long has it been, Michael?  You’ve been there a long time.  How long?

SPEAKER TURZAI:  (Inaudible.)

THE PRESIDENT:  Okay.  Good luck.  (Laughter.)  It’s not that long.  Thank you, Mike.

And one of my good friends from Beaver County, David Urban.  David.  (Applause.)  David.  Where’s David?  David?  Thank you, David.  Great football player.  Great athlete.  And he was a Trump supporter.  He liked Trump.  And when he liked Trump, nobody was going to get in his way.  Right, David?

AUDIENCE MEMBER:  We love Trump!

THE PRESIDENT:  (Laughs.)  Thank you.  Thank you.
How are we doing in the state, David?  We looking good?

AUDIENCE MEMBER:  Four more years!

THE PRESIDENT:  Thank you.  I appreciate it.  (Applause.)  Thank you.

I think we’re looking very good.  I think we’re looking good all over: in Ohio, in North Carolina, in South Carolina, Florida.  We just got numbers in Florida.  We’re looking fantastically good.

Now, you know, sometimes — and they do.  They do.  They say, “Donald Trump…”  Can you imagine if I got a fair press?  I mean, we’re leading without it.  Can you imagine if these people treated me fairly?  (Applause.)  The election would be over.  Have they ever called off an election before?  Just said, “Look, just — let’s go.  Go on.  Four more years.”

Yeah.  And then, you want to really drive them crazy?  Go to “#thirdterm”; “#fourthterm.”  You’ll drive them totally crazy.  (Laughter.)  I mean, you have one guy on television: “I’m telling you, he’s not leaving.  He’s going to win and then he’s not leaving.  So, in 2024, he won’t leave.  I’m telling you…”  This is a serious person.  These people have gone stone-cold crazy.  (Laughter.)

And we’re grateful especially to the Chairman of Royal Dutch Shell.  That’s big stuff, folks.  You know, I’m a business guy.  When I hear “Royal Dutch Shell” — you know, until I became President, that was like a big deal, but now I don’t view it the same.  (Laughter.)  Once you’re President, nothing seems big.  Right?  Chad Holliday.  Where’s Chad?  (Applause.)  Chad understands it.  That’s a big deal, Chad.  But thank you for coming.  That’s a big deal.  You don’t get any bigger.  That’s an incredible company.

Shell’s U.S. President — you just met her and you know her; everybody knows her, and she’s got a lot of other things in store.  And she’s thanked me for what we’ve done here.  But I said, “Forget this.  We got a lot of jobs.  Let’s do a couple of more fast.  Do them fast.  We’ll get you fast approvals.”  And you may get rejected, you know, if it’s not going to be environmentally good, environmentally sound; if something is going to be wrong.  But we’re not going to take 20 years to reject you, like they did with the pipelines.  It didn’t matter; I approved them.  But that’s okay.

So we have pipelines — (applause) — oh — (applause) — we got plenty of pipeline folks here, don’t we?  Huh?  (Applause.)  I’ll tell you.  Hey, you know, that’s a bigger hand than we got from the Teamsters.  Do you believe that?  No, but, you know, they did that with the pipelines, right?  Keystone XL.  They did it with the pipelines.  Dakota Access Pipeline.  We’re building pipelines.  And if we get the pipelines approved, then you better work.  The EPA is working right now to get them approved in Texas.  And if we can do — we can increase our — we can increase.  We’re now the largest in the world in energy, by far.  But if we get those approved, Andrew — I hope Andrew is listening — EPA.  Andrew, you know what I’m saying, right?  If we get them approved in Texas fast — they said it will take 18 years.  I said, “Could you do it in about a month?”  (Applause.)  Right?

If we get, though — oh, look at those pipeline guys.  They’re so happy.  That’s a lot of jobs.  But, Andrew, if we get them approved fast, we can increase our entire output.  Texas is so big.  And it’s bigger — it turned out to be much bigger.

I also got you ANWR, in Alaska, which may be bigger than everything.  And they couldn’t get it.  Ronald Reagan couldn’t get it.  No President could get it.  And I got it approved, and we’re all set.  And so — (applause) — so we’re all set.

So, Andrew, in Texas, if you can get those pipelines going, you will be so happy.  We’ll have dinner with your family.  I’ll tell them how great you were.  (Laughter.)  Okay?  EPA.  Thank you, Andrew.

So I want to thank, though, Gretchen.  She’s been fantastic.  I also want to thank Vice President of Pennsylvania Chemicals Hilary Mercer.  I want to thank you very much for investing in the people of Pennsylvania.  (Applause.)  Hilary?  Where’s Hilary?  Thank you, Hilary.  (Applause.)  You’re investing in the people of Pennsylvania, so that’s a guarantee, as far as I’m concerned.

For generations, American greatness was forged, and fueled, and won by the extraordinary workers of this region.  This region is an incredible region.

Pennsylvania Steel raised the skyscrapers that built our cities.  And, by the way, steel — steel was dead.  Your business was dead.  Okay?  I don’t want to be overly crude.  Your business was dead.  And I put a little thing called “a 25 percent tariff” on all of the dumped steel all over the country.  And now your business is thriving.  Probably there’s few businesses that have gone proportionately up like steel and aluminum.
We did it with aluminum, too.  But they are doing well — 25 percent and 10 percent on aluminum.

And they still dump, but now the United States takes in billions of dollars and the dumping is much less, and the steel companies are thriving again.

We have to have a steel industry.  We can’t — (applause) — I mean, we need steel for defense.  We need steel — what are we going to do?  We have a little bit of a problem.  We have a little bit of a conflict.  We’ll say, “Listen, China, could you do us a favor?  We need help.  All our steel mills are closed.  Oh, damn it.  Could you send us some steel, please?  We don’t make steel anymore.”

Well, we make it now.  And I’ll tell you what: Those steel mills — U.S. Steel and all of them, all of them — they’re expanding all over the place.  New mills.  New expansions.  We hadn’t have — we didn’t have a new mill built in 30 years, and now we have many of them going up.

Many car plants — they’re coming in from Japan.  I told Prime Minister Abe — great guy.  I said, “Listen, we have a massive deficit with Japan.”  They send thousands and thousands — millions — of cars.  We send them wheat.  Wheat.  (Laughter.)  That’s not a good deal.  And they don’t even want our wheat.  They do it because they want us to at least feel that we’re okay.  You know, they do it to make us feel good.

But the deficit is massive, which — changing rapidly.  But what they’re doing is they’re buying a lot of our stuff, including our military equipment.  They’re building car plants now in the United States — in Michigan, in Pennsylvania.  Many, many of the Japanese car companies are coming over and building car plants in the United States.  It doesn’t fully do the trick, but it helps.  And those deficits will start coming down very substantially.

But we’re losing $78 billion.  For many years, we’re losing billions and billions with these countries.  And, frankly, the countries that we do the worst with are the allies — our allies.  Does that make sense to you?  Our allies take advantage of us far greater than our enemies.  And someday, I’m going to explain that to a lot of people.

Pennsylvania miners.  Do we love our miners?  (Applause.)  They lit up our towns and powered our industries.  And Pennsylvania factory workers made the American brand into the universal symbol of excellence all around the world — all over.

But, in recent decades, the loyalty of Pennsylvania workers was repaid only with betrayal.  They betrayed you.  They let your companies move to Mexico, to Canada, to China, to many other places.  We ended up with no income and massive unemployment.  Well, right now, our employment has reached the lowest level that it’s seen since the 1960s, and we’ll soon be breaking that record, I predict.  (Applause.)

And you’ve heard me say it, but now it’s even better.  Numbers just came out.  African American unemployment — lowest in history.  (Applause.)  Asian American, Hispanic American — lowest in the history of our country.  Women — lowest in 70 years.  (Applause.)  Sorry, women.  I let you down again.  Think of it: Lowest in 70 years, and I have to apologize to women.  But soon we’re going to have that — that will be a record very soon.  We’re very close to saying “lowest in history” for women — unemployment.

Today, we have more workers working in the United States than — almost 160 million — than at any time in the history of our country.  Think of that.  That’s a hell of a stat.  (Applause.)

The political class in Washington gutted your factories with horrendous trade deals — horrible.  NAFTA — one of the worst trade deals ever.  By the way, World Trade Organization, it made China.  China made themselves.  They did a good job.  But they ripped off our country for years, and with our money and World Trade Organization backing.  And then they took advantage of the rules of the World Trade Organization.  And I’m being nice when I say “took advantage.”  Much more than “took advantage.”  They went up like a rocket ship.  They were flat-lined for 100 years.  And then, one day, World Trade Organization — a terrible move.

And, you know, we were losing all our cases until I came along.  We were losing all our cases in the World Trade Organization.  Almost every case, we were — lost, lost, lost.  They thought we were stupid.  They were the ones ruling.

And then I came along.  Now we’re winning a lot of cases because they know that they’re not on very solid ground.  We will leave, if we have to.  And all of the sudden, we’re winning a lot of cases.  We’re winning most of our cases.  And it’s only because of attitude, because we know that they have been screwing us for years.  And it’s not going to happen any longer.  They get it.  They get it.  So they’re giving us victories.  They’re giving us victories.  (Applause.)

And I’d like to use a different word, but there’s no word that’s quite as —

AUDIENCE MEMBER:  (Inaudible.)

THE PRESIDENT:  Right?  There’s no word that’s quite as descriptive.  I’d like to.  But that’s exactly what they were doing.  They were taking advantage of us for years and years.  And now they understand that if it’s not going to be fair, it’s not going to be at all.  We don’t need it.  We don’t need it.

So, a lot of good things.  And I think we will — I think they will treat us fairly.  I mean, the concept should work.  But people have taken advantage.

Like, for instance, they view certain countries — like China, India, many countries — for a long time, they viewed them as “they’re growing.”  Right?  They’re “growing nations.”  We’re a “mature nation.”  They’re growing.  These are “growing nations.”

Well, they’ve grown.  And they had tremendous advantages.  But we’re not letting that happen anymore, okay?  We’re not letting that happen anymore.  Everybody is growing but us.  You know, they’re all “growing nations.”  We have to work with them, but nobody ever wants to work with the United States.  It’s a disgrace.  But it’s changing, and it’s changing fast.

And I think it’s the primary reason, probably, that I ran for President.  (Applause.)  I’d see these factories all over the country, and I’d see them empty, and I’d see the jobs going to other countries.  And I just never understood why the politicians didn’t do anything about it.  But now we’re doing it.

And, by the way, the USMCA — that’s Mexico and Canada — that deal is a fantastic deal.  And it’s a great deal for your unions, too.  We have the farmers, the unions, the manufacturers.  It’s good for everybody.  We have to get the Democrats to put it up for a vote.  And most Democrats are going to vote for it, too.  They’re under a lot of pressure to vote for it.

But that replaces one of the worst trade deals ever made, which is NAFTA.

But I watched them crush your industries with taxes and regulations, and they targeted American energy for total destruction.  You weren’t going to be able to take anything out.  That’s our gold.  That’s gold underneath our feet.  And they weren’t going to allow it to happen.

The Paris Accord: The Paris Accord was good for other countries.  It wasn’t good for us.

All the while, they expected you to stay on the sidelines, silence your voices, and surrender the future of our nation.  And you didn’t do it, but you didn’t have the right people representing you, so it didn’t matter.  But when you finally had the right person — the person that really cared — because let me tell — this thing is costing me a fortune, being President.  Somebody said, “Oh, he might have rented a room for — to a man from Saudi Arabia for $500.”  What about the $5 billion that I’ll lose?  You know, it’s probably going to cost me — including upside, downside, lawyers — because every day, they sue me for something.  (Laughter.)  These are the most litigious people.  It’s probably costing me from 3 to 5 billion for the privilege of being — and I couldn’t care less.  I don’t care.  You know, if you’re wealthy, it doesn’t matter.  I just want to do a great job.  That’s why — I don’t care.  I want to do the right job.

When this great building company comes here and wants to build a plant, I want to make it easy for them, not hard for them.  I’m not jealous of them.  I couldn’t care less.  Bechtel.  (Applause.)  I’m not jealous of them.

I got sued on a thing called “emoluments.”  Emoluments.  You ever hear the word?  Nobody ever heard of it before.  They went back.  Now, nobody looks at Obama getting $60 million for a book.  That’s okay.  Even though nobody in history ever got that money for a book.  Obama got $60 million.  Think of it: $60 million for a book.  Nobody looks — nobody looks at any —

But with me, it’s everything.  Emoluments.  Nobody knows what it is.  Here’s the good news: Last month, I just won two cases on emoluments.  And the judge was scolding of the other side.  And what it is, is presidential harassment because this thing is costing me a fortune, and I love it, okay?  I love it because I’m making the lives of other people much, much better.  (Applause.)
And each of you here today is living proof that America never surrenders.  We don’t surrender.  And we were in bad shape.  This area was in really bad shape.  And now you look outside, and you say, “That’s like the eighth wonder of the world.”

Under my administration, we’re fighting back and we’re winning because we are truly and finally putting America first.  (Applause.)  After years of building up foreign countries, we are finally building up our country.  Think of it, we protect the border of South Korea, but we don’t protect our own border.  But now we are.

And the wall is being built.  We won that case two weeks ago.  (Applause.)  We won that case.  The wall is being — and we’re going to have a lot of it.  We’re going to have anywhere from 400 to 500 miles built by the end of next year.  We’re building a lot of wall and we need it.  We need it.  We want people to come into our country.  They have to come in legally and we want them to come in through merit.  (Applause.)

The last administration tried to shut down Pennsylvania coal and Pennsylvania fracking.  If they got in, your fracking is gone, your coal is gone, you guys — I don’t know what the hell you’re going to do.  You don’t want to make widgets, right?  (Laughter.)  You don’t want to make — do you want to learn how to make a computer?  A little tiny piece of stuff you put in with those big, beautiful hands of yours.  (Laughter.)  They’re going to take these big hands — he’s going to take this little tiny part.  (Laughter.)  He’s going to go home, “Alice, this is a tough job.”  (Laughter.)  No, you want to make steel and you want to dig coal, and that’s what you want to do.

I was in West Virginia when Hillary made that terrible statement that she wants to close up all of the coal.

AUDIENCE:  Booo —

THE PRESIDENT:  She forgot: In three weeks, she was going to West Virginia.  Remember, she wanted to close up all coal.  She was in an area where they didn’t do the coal.  And she said, “Well, I look forward to closing up all coal.  It’s going to be closed.  Steel — going to be in big trouble.”  She forgot: In three weeks, she was going to West Virginia.  That didn’t work out too well.  (Laughter.)  I won that one by 42 points.  Forty-two points.  West Virginia.  (Applause.)

And I actually think, this time, we have a good chance of winning Virginia, which is a tough one to win because, you know, you have some people there that maybe don’t agree with us.  But I think we have a really good chance of Virginia, too, which is something that hasn’t been won by a Republican in a long time.  But it’s common sense.  Some — a lot of this is — you know, they say, politics — politics — great politics is common sense.

But on my first day in office, I ended the war on American energy.  And that’s common sense, I think.  You know, that’s common sense.  (Applause.)

We’re lucky.  You go to places like China, they don’t have oil and gas.  They don’t have it under their — they have to go buy it and then they devalue their currency and manipulate their currency.  And that costs them a fortune to go out and buy it.  They hurt themselves in the long run.  But they’re devaluing all over the place, as others are.

But we have this unbelievable — the greatest in the world.  We have the greatest resources, which really came about over the last few years.  Nobody knew this.  Fracking made it possible.  Other new technologies made it possible.  And now we’re the number-one — think of it, as I said — the number-one energy producer in the world.

I’m so proud of that because we wouldn’t have been number five.  They were going to close it up.  They were going to close it up.  And it’s common sense.  They wanted to take away our wealth.

That’s what the Paris Accord would have done.  It would have taken away our wealth.  It wasn’t for us; it was good for others.  It wasn’t for us.  We had to pay money to other countries that are very substantial countries.  They wanted to take away your wealth.  They didn’t want you to drill.  They didn’t want you to frack.  They didn’t want you to do steel.  They wanted to take away your wealth.

Now, the press will try and spin that differently, but I’m right, okay?  The fake news.  (Applause.)  That’s a lot of people back there for a — like an 11 o’clock speech.  That’s a lot of people.  (Laughter.)  That’s a lot.  That’s like the Academy Awards during the day.  (Laughter.)

It used to be.  You know, the Academy Awards is on hard times now.  You know that.  Nobody wants to watch it.  You know, why?  Because they started taking us on.  Everyone got tired of it.  It’s amazing.  That used to be second after the Super Bowl, and then, all of a sudden, now it’s just another show because people got tired of people getting up and making fools of themselves and disrespecting the people in this room and the people that won the election in 2016 — (applause) — and the people that won the Senate, without me on the ticket, in 2018.

You know, they never say that.  We won the Senate.  That’s why we’ll have appointed, within two months, 179 federal judges and two Supreme Court judges.  Think of that: 179.  (Applause.)  But they don’t say we won the Senate; they say we lost the House.  And, you know, there were a lot of people running for the House; it’s hard for me to campaign.  But almost everybody I campaigned for won.  We had tremendous records in ’18 and I wasn’t running.  There’s a big difference.  In 2020, we’re running, so you better get out there and make sure we win.  (Applause.)

And we have a record that nobody’s ever had.  Remember, when I was running, I was saying, “We’re going to do this.  We’re going to create jobs.”  Everyone — you know, big yawn.  And, you know, we like — “Let’s give him a shot.  What do we have to lose, right?”

I said that with African Americans.  They had the worst crime rates, the worst education, the worst everything.  They had like 10 things — I’m reading it off a list.  I looked — I said, “What the hell do you have to lose?”

But I really sort of said the same thing to everybody because our country wasn’t doing well with Biden and Obama.  It wasn’t doing well.  And they were pouring money in — pouring, pouring money in.  And it wasn’t doing well.

Even now, you know, you see the interest rates.  I’m paying a normalized interest rate.  We should be paying less, frankly.  This guy has made a big mistake.  He’s made a big mistake — the head of the Fed.  That was another beauty that I chose.  But even with that, we’re paying a normalized interest rate.

The nice thing is you get some interest from the bank.  With President Obama, he was paying nothing.  It’s easy to make money when you you’re paying nothing; you’re paying zero.  Easy.  But even with that, our economy is roaring and his wasn’t.  It was the weakest economy since the Great Depression.  The weakest up.

So we have it going.  Our country now has the hottest economy anywhere in the world.  Every time a prime minister, president, king, queen, dictator, whatever they may be — some are sort of mutual.  Some you have presidents and prime ministers who are actually dictators.  But they come in and they see me at the Oval Office, they always say — almost everybody — “Congratulations on your incredible economy.  What you’ve done is incredible: the tax cuts, the regulation cuts, all of the things we’ve done.”

And they were all saying — and they want to try and copy us.  It’s not easy to copy us. And part of the reason it’s not easy is because of the people like this, all over the country — the people in this room.  You are incredible people.  That was an incredible win.  Thank you.  (Applause.)  Incredible.  Incredible people.  Incredible people.

And here in the Appalachian region, where the Marcellus and Utica shale formations generate one-third of American natural gas — think of that.  You’ve been sitting on this for a long time, and yet, look at the numbers.  Look at the way you lived.  Because you never had anybody that wanted to take advantage of it, but now we’re taking advantage of it.  You’re sitting on gold, and we’re taking advantage of it.  And your future has never looked brighter or better.  It’s so great that you stayed, because you suffered.  This whole region — Appalachia.  The whole re- — it just suffered, this whole region, with great people — the greatest people.  And you suffered.

When this plant opens, 600 American workers will get the fulltime jobs, with quality healthcare, pensions, and great pay to support a family.  And you have — I said before — almost 2,000 construction workers.  And you’re going to another plant because we’re going to talk to Bechtel after this, and we’re talking to Shell.  I mean, you got the boss from Shell.  You people don’t realize, that’s a big deal.  I don’t know where the hell he comes from.  Where are you based?  It’s not in this country.  Hey, how about moving Shell to the United States?  (Applause.)  Well, we’re ready if you are.  Just let me know.  But they have their big USA division.  But that’s a great company.  It’s a big deal.  And that you’re here is a big deal.  That’s a big deal to me, and it’s a big deal to everybody in this room.  (Applause.)  You have the top man — top man at Shell.

But this is just the beginning.  My administration is clearing the way for other massive, multi-billion-dollar investments.  We just did one in Louisiana.  It’s a 10-billion-dollar plant.  There’s more pipes in that plant that I’ve ever seen in my life.  There’s more plant — you know that.  LNG.  It’s an LNG plant.  Ten billion dollars.  And we’re now — it’s totally sold out.  They sell it like you rent office space.  Can you believe it?  It’s all sold out.

All over the world, people have used it.  And you haven’t had a plant like that built in this country, really, ever, because there’s never been anything that big.  But you didn’t build plants like that because, environmentally, they weren’t letting you.  And yet, environmentally, it’s so good what they’ve done and what they can build today.

Investments that could bring more than 100,000 new jobs to this region are now being looked at very seriously.  And I think the hundred-thousand-doll- — I really do.  I feel the hundred thousand jobs, Andrew, is going to be a very low number.  I think you’re going to have many more.  This is an incredible region.  You’re sitting on top of something special.  It’s all fueled by the greatest treasure on the planet: American energy.  And we don’t want people taking that away from us.

Two more companies have recently proposed a 10-billion-dollar investment in the great state of Ohio.  Incredible state.  (Applause.)  We have tens of billions of dollars’ worth of investments, and this is really good stuff that we’re now negotiating.  But these two are in Ohio.  The energy revolution is also creating new jobs in West Virginia, [New] Mexico, Colorado, Texas, Kansas, Louisiana, Indiana, Michigan, Illinois, Tennessee, North Carolina, South Carolina, all across our beautiful land.  You have no idea what’s going on, including, as I said before, car companies.  We didn’t make cars.  Look, we lost 32 percent of our car companies to Mexico — before I got there, by the way.  Now it’s very, very hard to do that anymore.  Nobody is going to be looking that way, I don’t think.

And I want to thank Mexico because the President now has been great, and he’s got 27,000 soldiers on our southern border and on his border with Guatemala, keeping our borders safe.  (Applause.)  Our numbers are plummeting — the people coming in — (applause) — all because the Democrats won’t approve fixing the loopholes and asylum.  So, I want to thank Mexico.  It’s incredible.  We have close to 27,000 — so, you think of that.  We never had three.  I think we had about two and a half soldiers.  One was sitting down all the time.  We had nobody.

And don’t forget, the southern border is 2,000 miles, from the Gulf to the Pacific.  We have 27,000, and they’re doing a great job.  And they’re helping themselves too because they’re disrupting and really hurting the cartels.  So much of that stuff is run illegally by the cartels: human trafficking, drugs, people.  It’s terrible.  And Mexico, I’ll tell you, they’re — so far.  I hope they’re going to keep it up.  I hope they’re going to keep it up.  But they’ve been great.  And 27,000 people.  They wouldn’t have done that for any other President, that I can tell you.  That I can tell you.

With us today are a few of the hardworking Pennsylvania patriots who are making this comeback possible.

Jason Eckhart is the third generation of his family to work on these grounds.  And he’s doing better than any of them.  His father and — by the way, three years ago, you wouldn’t have said that.  Three years ago, his father would say, “Hey, I had it made.”  His grandparents would say, “We had it made.”  Now he can look at them and say, “Dad, we have it made.”

His father and grandfather worked for the zinc smelting company previously housed at this site.  When that plant closed in 2014, 500 jobs disappeared — like magic.  Remember President Obama, “You need magic to bring back manufacturing jobs.  You need a magic wand.”  You remember?  “Not going to happen.”  Well, so far, we’ve brought back 600,000 manufacturing jobs.  (Applause.)

And Jason never imagined he would get the chance to carry on his family’s legacy. But now, he has.  He is carrying it on, and he’s carrying it on proudly.  He’s a great American.  Jason — where are you, Jason?  Jason.  Jason.  Come on up, Jason.  Come on.  Let’s get Jason up.  (Applause.)  Come on up.  Jason.  I’d like Jason to tell us what this great facility means to him and to his family.  Thank you.

Jason, come tell us what this facility means to you.

MR. ECKHART:  Thank you, Mr. President.  (Applause.)

It’s been amazing to see the transformation on this site, from a 100-year-old zinc smelter to a state-of-the-art petrochem facility.  I’m very proud to be part of Pennsylvania Chemicals, to redevelop this site, and create the jobs in Western Pennsylvania for all of you.  (Applause.)

And it’s very exciting to think about what we have to come, starting this place up and having jobs into the future for our families.

As a native from this area — I’m from right here in Center Township — I can appreciate how much this means to the area.  I’m really proud to be a part of this and be proud of all you guys.  Thanks.  (Applause.)

THE PRESIDENT:  Thank you, Jason.  Great.  Did you enjoy doing that, Jason?  Huh?  I think so.  You had a big group of people back here that likes you a lot.  They’re giving him a hard time back there, right?  His friends.  Thanks, Jason.

Heather Michaux grew up here in Beaver County, and has been working for Shell in other states for several years.  Now she can raise her family right near her parents and loved ones, and actually be home, where she wants to be and where she belongs.

Heather, please come up and tell us about your journey.  (Applause.)

MS. MICHAUX:  Thank you, Mr. President.

THE PRESIDENT:  Thank you.

MS. MICHAUX:  So, for me, when Shell announced that we were going to be building a facility in Beaver County, I was in Texas and I was so excited — but not just for me getting to further my career and move home; I was excited for all the possibilities that had opened up for my hometown.  I was excited because I recognized the potential that a place like this has, for us to be able to hone our existing skills and to gain new ones, too.

So I knew that we, the hardworking people of Western Pennsylvania — and other places in the U.S., too — would now have this fresh opportunity and would take advantage of it.  And that’s the opportunity that I see the thousands of you folks taking advantage of now — not only today, but we’re also creating something that is going to well outlive us by building this site.  And I am really proud to be a part of that legacy, sir.

THE PRESIDENT:  Thank you very much.  (Applause.)  Great job.  Thank you.  She’ll be running for office soon.  (Laughter.)  Fantastic job.

Samantha Polizotto was a single mom working full-time when she learned about process technology training programs at the local community college, funded by Shell.  She became the first woman to graduate from that program, and she made the Dean’s List.  That’s pretty good.  Now she’s leading the way as one of the very first production operators hired here at Shell.

Samantha, please come up and say a few words.  Please.  (Applause.)

MS. POLIZOTTO:  Growing up in Beaver County, I can recall people talking of the “good old days,” when steel mills were running and, often, people were born and spent their whole lives in the same town.  Local families had multiple generations working the same industry and, in many cases, the same companies.

This was a fact for our parents.  But with the fall of the steel mills in this area, it began to see a period of stagnation.  Hardworking men and women in this area, full of pride, still lace up their work boots, driving by the vacant skeletons of the old mills and refineries, holding onto the hope that, one day, this area would see its former glory.

The announcement of Shell Pennsylvania Chemicals Plant seems to have kindled that spark within the community.  It has provided an opportunity for steady employment for many different skilled tradesmen, emptying many of the local union halls.

As a young woman, this has also afforded me an incredible opportunity to come into the ground floor of an unprecedented project.  In school, I chose a field far different than many of my female colleagues.  Process technology is a focused area of studies around production and operations.

Predominantly male-dominated careers, I knew there would be challenges as I entered the workforce.  Being a mother and a wife, I must balance my responsibilities at work and at home.  The challenges I have faced have been softened by a network of support that has been given to me not only by my family, but also through the Community College of Beaver County, my coworkers, and, now, the culture of care at Shell.  I am proud to play a role in this project, as it restores this area and makes Beaver County great again.  (Applause.)

THE PRESIDENT:  Thank you, Samantha.  That was a great job.  Thank you.

To help create more opportunities for workers like Jason, Heather, and Samantha, my administration started the Pledge to America’s Workers.  Our partners are providing over 12 million training and enhanced career opportunities to American workers.  And my daughter, Ivanka, is working so hard on it.  She’s done a great job.  Twelve million people, so far, have been positively affected.

Today, I’m pleased to announce that Shell is signing the Pledge to America’s Workers to provide enhanced career opportunities.  By the way, Shell, thank you.  (Applause.)  They’re providing career opportunities to 3,300 workers over five years, right here in Western Pennsylvania.  That’s great.  Thank you, fellas.  Thank you very much.  And thank you, Hilary, for that tremendous commitment that you’ve made.  We really appreciate it.  Fantastic job.

Under this administration, we live by two very simple words: Buy American.  That’s what we want.  I’m going to add something: “Hire American.”  It’s about hiring American, buying American.  It’s about “America First.”  It’s about “Make America Great Again.”  It’s about “Keep America Great.”  (Applause.)

Despite all of this exceptional progress, however, some politicians in this country still want to keep America’s vast energy treasures buried deep underground and let other nations take advantage of our country.  Not happening anymore.

They see factories like this one not as a cause for celebration, but for condemnation.  Democrats in Congress are pushing hard for the Green New Deal.  How about that one?  Green New Deal.

AUDIENCE:  Booo —

THE PRESIDENT:  Where it puts everybody in this room out of work — hate to tell you — and a lot more people.  Everybody out of work.  And other — but I don’t want to speak badly about it.  You know, you’ve heard me say this: I want to encourage them.  That should be their platform.  (Laughter.)  I don’t want to do it too early.  I did it very early, with Pocahontas; I should have probably waited.  She’s staging a comeback on Sleepy Joe.  (Laughter.)  I don’t know who’s going to win, but we’ll have to hit Pocahontas very hard again if she does win.  But she’s staging a little bit of a comeback.

What a group: Pocahontas and Sleepy Joe.  (Laughter.)  I don’t think they give a damn about Western Pennsylvania, do you?

AUDIENCE:  No!

THE PRESIDENT:  I don’t think so.  And other radical plans to wipe out our coal.  That’s what they want.  They want to wipe out our oil.  They want to wipe out our natural gas industries, while allowing other countries to steal our jobs.

Virtually every leading Democrat has vowed to eliminate fossil fuels, obliterating millions of American jobs, devastating communities, and bankrupting factories, families, and senior citizens all across this region.

And, by the way, this is only fuel that has the power for plants.  When you have to steam up and you have to fuel up on these giant plants, these giant generators, these giant electrical factories, you need what you’re doing.  You need this.  It’s got the power.  The other doesn’t have the power; certainly not yet.  Probably never will.

And we’re not taking chances.  And we have the cleanest air and water we’ve ever had in our country right now.  The cleanest we’ve ever had.  And we’re going to keep it that way.  (Applause.)

But we’re never going to allow other countries and outside sources to take away our great wealth, because that’s what they want to do.  They want to take away our wealth, take away our jobs.  We’re not going to let it happen.

To see the destructive results of the far-left’s energy nightmare, just compare the enormous success here in Pennsylvania with the tremendous folly happening right across a line — a little line — ina New York.  Both states have vast energy reserves, but New York prohibits development while Pennsylvania welcomes it.

From 2010 to 2017, natural gas production plummeted by nearly 70 percent in New York, but it soared almost 1,000 percent in Pennsylvania.  And New York won’t allow us to build a pipeline across because New York is sort of a long state and we can’t have pipelines going across, helping a region that’s not a wealthy region at all.  They have a lot of economic problems.  People are leaving, left and right.

We want to get it over to the waters.  We want to get it over to the oceans.  We want to get it up to New England, where they have the highest energy costs anywhere in the United States.  We can’t get energy because New York doesn’t allow the pipelines to go through.  And that’s going to be very costly for New York, ultimately.

As a result, families in Pennsylvania shale country got more jobs, billions of dollars in royalty payments, and wages that are significantly higher compared to their neighbors just across the state line.

Meanwhile, families in New York — I love New York; that’s where I’m from.  Probably, most of you don’t know that.  (Laughter.)  That’s where I’m from.  They’re burdened with more power outages and electricity rates — you never saw anything like this — that are much, much higher than neighboring states and than your state.  New York energy rates are through the roof.  New England, through the roof.  A lot of it has to do with the fact that we can’t get pipelines through New York.  New York won’t let us.  They won’t let us.

All New York likes to do is sue me.  They like to sue me.  (Laughter.)  They’re always suing.  I said, “Which lawyer is handling that case?”  No, they sue me for everything so they can try to stop us by any means possible.  The radical Left wants to do to America what they’ve done to New York: raise prices, kill jobs, and leave our nation less independent and far less secure.

My vision is the exact opposite.  And we want to work with New York and we want to help New York.  They need jobs in New York so badly.

You know, they talk about the environment.  So you have the state line, and over here you have machinery fracking.  And over here you have nothing, except poverty.  Over here you have people driving new cars and nice cars.  And over here you have cars that are 40 years old.  Now, what does that have to do with the environment?  It’s the same.  It’s an artificial line.

And I wonder what happens when they get down there.  What happens?  I just wonder, is New York losing its wealth?  You know what I’m talking about, right?  What happens when those lines go down and they can go in any direction now?  The equipment is so incredible.

So, hopefully, we can help New York.  I want to help New York so much.  We will never allow ourselves to be at the mercy of foreign energy suppliers.  And that’s what’s fighting us.  They don’t want us to have great energy.  They’ve made a fortune selling us energy.

You probably saw the Straits the other day.  Very few American boats are there.  They capture — Iran, I broke up that deal.  That was a good thing to do.  It’s a whole different country right now.  (Applause.)

But they’re capturing boats from other countries.  They’re not taking our boats.  And one of the things that was brought up by the media, actually — and wisely and correctly brought out — we have very few boats going there anymore because we have our own oil and gas.  We don’t need it from the Middle East anymore.  (Applause.)

And that’s why we’re pursuing a future not only of energy independence — but not just words.  You know, you’ve been hearing “energy independence” for years and years, and you’d hear it.  We have real independence.  But what we want now is not independence; we want American energy dominance.  Dominance.  (Applause.)

Instead of relying on foreign countries, we are now relying on American producers.  And we are relying on American workers to build our own future right here on American soil.  It’s time.  (Applause.)

And together, we’re defending the oil and gas workers who light up our cities and uplift our communities.  We’re fighting for the technicians and construction workers here in Beaver County who are building a powerful engine of American commerce.  There’s no place like what you’re seeing right outside these doors.  There is no place like it.

We’re here once again to stand up for the engineers and the factory workers who will shape the work of your hands into American-made products sold all over the world.  That’s what’s going to happen.  That’s what you’re producing.

And everyday patriots who make this all possible, you are the backbone of America.  The absolute backbone.  And you haven’t been given the honor of having that said by other people.  But you are the backbone of this country.  (Applause.)  It’s true.  So true.

You are the ones who work hard, pay your taxes, build your neighborhoods, obey our laws, safeguard our values, raise up your children, make this land the greatest nation ever to exist on the face of the Earth.  You are the ones who do it.  We work with a lot of people, but you are there and you are doing it.  You’ve always been loyal to America, and now you finally have a President of the United States who is loyal to you.  (Applause.)

Our vision is pro-worker, pro-jobs, pro-family, pro-growth, pro-energy, and 100 percent pro-American.  (Applause.)

And we’re taking care of our military, and we’re taking care of our vets.  Veterans Choice: You’ve been hearing it about for 45 years.  I got it approved.  Veterans Choice.  We’re taking care of our veterans.  We’re taking care of our military like never, ever before.  (Applause.)

Because Americans can do anything, go anywhere, and outperform anyone.  Nobody can beat us.  Nothing can stop us because winning is what Americans do.  Winning is what we know best.  We will keep winning, wining, winning.

And I used to tell you the story about winning.  I used to say that your great leaders would come to Washington and they would say, “President, we’re winning too much.  We can’t take it anymore.  The people of Pennsylvania cannot stand winning.  We haven’t won for years and years and now we’re winning too much.  Mr. President, please, for the good of the people of Pennsylvania, stop winning.  Stop creating all these jobs.  Stop creating all this product.  Please, sir.  Please, stop winning.”

And I said to them, and I will say to them, “We’re never going to stop winning because nobody has ever won like what’s happened over the last couple of years.  Nobody has ever won like you’re winning.”  I’ve more than fulfilled my promises.  Even they said, “He promised things, and he actually produced more than he promised.”  That’s true.  But we’re going to produce more and more.

I just want to thank everybody.  With your help, factory floors across this land are once more crackling with life.  (Applause.)  Our steel mills are fired up and blazing bright.  The assembly lines are roaring.  Industry is booming.  And the hearts of our workers, the American spirit, is soaring higher, stronger, freer, and greater than ever before.

I want to thank you all for giving this nation your very best.  And your very best cannot be beaten.  I want to thank you for filling America with pride.  We are proud of you.  We think you are just incredible, incredible people.  And it’s an honor for me to be with you in Pennsylvania.

Thank you very much.  God bless you.  (Applause.)  God bless you.

END

https://www.whitehouse.gov/briefings-statements/remarks-president-trump-american-energy-manufacturing-monaco-pa/

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The Pronk Pops Show 1278, June 20, 2019, Part 1– Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done , Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos — Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos — Story 3: Creepy, Sleepy, Dopey Joey Biden in Praise of Civility of Democrat Segregationist Senators — Radical Extremist Democrats (REDS) Attack Biden — Videos — Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida — Boom Boom Boom — Send Them Home — MAGA MAGA MAGA — Lock Them Up — Four More Years — Keep America Great — Win Win Win — Videos

Posted on June 20, 2019. Filed under: 2020 Democrat Candidates, 2020 President Candidates, 2020 Republican Candidates, Abortion, Addiction, Addiction, Agenda 21, American History, Applications, Banking System, Barack H. Obama, Bernie Sanders, Bill Clinton, Blogroll, Bombs, Breaking News, Bribery, Bribes, Budgetary Policy, Business, Canada, Cartoons, Central Intelligence Agency, City, Climate Change, Clinton Obama Democrat Criminal Conspiracy, Coal, Coal, Communications, Computers, Congress, Consitutional Law, Corey Booker, Corruption, Countries, Crime, Cruise Missiles, Culture, Currencies, Deep State, Defense Spending, Diet, Disasters, Diseases, Donald J. Trump, Donald J. Trump, Donald J. Trump, Donald Trump, Drones, Drugs, Eating, Economics, Elections, Elizabeth Warren, Empires, Employment, Energy, Environment, Eugenics, European Union, Federal Bureau of Investigation (FBI), Federal Government, Fifth Amendment, First Amendment, Fiscal Policy, Food, Foreign Policy, Former President Barack Obama, Fourth Amendment, Free Trade, Freedom of Speech, Gangs, Genocide, Germany, Government, Government Dependency, Government Spending, Great Britain, Hardware, Health, High Crimes, Hillary Clinton, Hillary Clinton, Hillary Clinton, History, House of Representatives, Housing, Human, Human Behavior, Illegal Drugs, Illegal Immigration, Illegal Immigration, Immigration, Independence, Insurance, Investments, Iran Nuclear Weapons Deal, Iraq, Islam, Islamic Republic of Iran, Islamic State, Israel, Israel, Joe Biden, Kamala Harris, Labor Economics, Language, Law, Legal Drugs, Legal Immigration, Life, Liquid Natural Gas (LNG), Lying, Media, Medicare, Medicine, Mental Illness, Military Spending, Monetary Policy, Movies, National Interest, Natural Gas, Natural Gas, News, North Atlantic Treaty Organization (NATO), North Korea, Nuclear, Nuclear, Nuclear Weapons, Obama, Obesity, Oil, Oil, People, Pete Buttigieg, Philosophy, Photos, Politics, Polls, President Trump, Privacy, Private Sector Unions, Pro Abortion, Pro Life, Progressives, Public Corruption, Public Relations, Public Sector Unions, Qatar, Radio, Raymond Thomas Pronk, Regulation, Religion, Resources, Robert S. Mueller III, Rule of Law, Saudi Arabia, Scandals, Second Amendment, Security, Senate, Servers, Social Security, Software, South Korea, Space, Spying, Spying on American People, Supplemental Nutrition Assistance Program (SNAP_, Surveillance and Spying On American People, Surveillance/Spying, Syria, Tax Fraud, Tax Policy, Taxation, Taxes, Terror, Terrorism, Trade Policy, Trump Surveillance/Spying, Turkey, U.S. Dollar, U.S. Space Program, Unemployment, Unions, United Nations, United States Constitution, United States of America, United States Space Force, United States Supreme Court, Venezuela, Videos, Violence, Wall Street Journal, War, Water, Wealth, Weapons, Weapons of Mass Destruction, Weather, Welfare Spending, Wisdom, Yemen | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

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Pronk Pops Show 1278 June 20, 2019 

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Story 1: President Trump: “Iran made a very big mistake” — Option A: Strong Message and Done, Option B: One Missile Attack and Done, Option C: Total War With Iran and World Recession Due To Spike in Oil and Gas Prices — Videos —

Tucker: Washington is war-hungry

Pentagon releases footage of US drone being shot down by Iran

LIVE: President Trump first comments after Iran shoots down US Drone | June 20th 2019

US is bringing the Iranian economy to its knees: Nile Gardiner

Oil prices rise after Iran shoots down US drone

40% Chance of 2020 U.S.-Iran Military Conflict: Eurasia CEO

Iran shoots down US drone as tensions escalate

Video shows Iran shooting down US drone

Iran says it shot down US drone ‘violating Iranian air space’ amid growing tensions

Iran Shot Down U.S. Drone to Disrupt Trade in Persian Gulf, Senior U.S. Military Official Says

President Trump makes first comments after Iran shoots down U.S. Drone | ABC News Special Report

Iran says it’s ‘ready for war’

Iran shoots down US military spy drone | DW News

Iran says it will breach nuclear deal ‘in days’ as its uranium stockpile limit nears

Is The U.S. Going To War With Iran? | AJ+

Iran’s foreign minister accuses US, Mideast of provoking conflict

Iran’s Zarif thrashes Trump, “US driven by pathological obsession” (Munich Security Conference 2019)

Can air strikes take out Iran’s nuclear facilities?

Did Trump Just Blink or Bluff in Standoff With Iran?

Anthony Halpin

Bloomberg

Was it all a bluff? After news leaked that President Donald Trump approved and then called off U.S. airstrikes on Iran last night, it emerged he’d warned Tehran about an imminent attack while insisting he was against a war.

Today, as airlines began re-routing flights away from the Strait of Hormuz, Iran’s Foreign Ministry called in the Swiss ambassador, who also represents U.S. interests, for talks.

Was the outreach why Trump abandoned the strikes? Or was this the latest example of the whipsaw approach from a president who’s twice attacked Syria but also backed away from using force after lashing out at Iran and North Korea?

The leak of Trump’s about-face also speaks volumes about the battle for influence in the White House. Hardliners clearly thought they’d convinced him to back a tough response to Iran’s downing of a U.S. Navy drone. Yet Trump was elected on a pledge to pull out of Middle East wars.

The president, who governs with the cliffhanger style of his Apprentice TV show, thrives on keeping supporters hooked on dramatic twists.

But as his 2020 re-election campaign gains steam, the stakes now include the prospect of armed conflict and instability in a region that supplies a third of the world’s oil.

Global Headlines

Biden’s burden | Democratic front-runner Joe Biden is encountering the same pitfalls as other seasoned politicians who’ve found their experience and record can be a liability. The former Delaware senator’s struggles to defend his remarks this week about finding common ground with two segregationists is an early sign of the trouble he could have explaining a complicated voting record and his nostalgia for a Washington collegiality that has steadily diminished since he was first elected in 1972.

Border control | Trump praised Mexico’s efforts to crack down on migrants crossing the border into the U.S. after the two countries entered an agreement aimed at stemming the flow of people entering Mexico from Central America. Mexico will take greater control of its southern border and ask foreigners to register their arrival.

Osaka drama | Before Trump, Group of 20 summits were dull if worthy affairs. This year’s gathering in Osaka, Japan next week promises to be anything but, as the U.S. president holds talks with China’s Xi Jinping after threatening to escalate their trade conflict. The best-case scenario would be a pause in new U.S. tariffs and a resumption of negotiations that broke down in May. The worst-case would be a new Cold War between the two largest economies.

Favorites flushed | European Union leaders cast aside the candidates who’ve dominated the race to head the next EU Commission and will start from scratch less than two weeks before a self-imposed deadline. The decision at a summit in Brussels extends gridlock that has left investors in the dark over a series of critical posts including the next president of the European Central Bank.

Bad air | As climate change tops political agendas from Washington to New Delhi, there’s no solution in sight for the bad air choking Europe’s poorest countries. While the EU has focused mostly on stability in the volatile Balkans, health problems and lost productivity from air pollution cost the continent more than 10 billion euros a year. Obsolete coal plants and cars spew smog and hundreds of thousands of people burn tires, wood and trash to stay warm.

What to Watch

Boris Johnson and Jeremy Hunt will go head-to-head in the contest to become the U.K.’s next prime minister as they seek votes from the Conservative Party’s 160,000 grassroots members over the next month. Ukraine’s Constitutional Court threw out a challenge to a decree by President Volodymyr Zelenskiy ordering early parliamentary elections. The ruling confirmed a vote will take place next month and a new government should be in place by the fall. Turkey reruns the election for mayor of Istanbul on Sunday, pitting former prime minister and ruling AK Party candidate Binali Yildirim against opposition challenger Ekrem Imamoglu, who was stripped of his narrow victory in the March 31 ballot.

And finally…The U.K. is poised to generate more energy from low-carbon sources than from fossil fuels for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s power in the first five months of this year. The U.K. has gone without burning coal, the dirtiest fossil fuel, for the equivalent of 80 days so far in 2019, including one stretch of 18 days in a row.

–With assistance from Kathleen Hunter and Daniel Ten Kate.

https://news.yahoo.com/did-trump-just-blink-bluff-100815556.html

Trump says Iran made ‘big mistake’ by taking down US drone

today

President Donald Trump speaks during a meeting with Canadian Prime Minister Justin Trudeau in the Oval Office of the White House, Thursday, June 20, 2019, in Washington. Trump declared Thursday that “Iran made a very big mistake” in shooting down a U.S. drone but suggested it was an accident rather than a strategic error. (AP Photo/Evan Vucci)

WASHINGTON (AP) — President Donald Trump declared Thursday that “Iran made a very big mistake” by shooting down a U.S. surveillance drone over the Strait of Hormuz but suggested it was a foolish error rather than an intentional escalation of the tensions that have led to rising fears of open military conflict.

Asked about a U.S. response, the president said pointedly, “You’ll soon find out.”

The downing of the huge, unmanned aircraft , which Iran portrayed as a deliberate defense of its territory rather than a mistake, was a stark reminder of the risk of military conflict between U.S. and Iranian forces as the Trump administration combines a “maximum pressure” campaign of economic sanctions against Iran with a buildup of American forces in the region.

The drone — which has a wingspan wider than a Boeing 737 — entered Iranian airspace “despite repeated radio warnings” and was shot down by Iran, acting under the U.N. Charter which allows self-defense action “if an armed attack occurs,” Iran’s U.N. Ambassador Majid Takht Ravanchi said in a letter to the U.N. secretary-general.

Donald Trump is playing down Iran's downing of an American drone, saying that it might have been a mistake executed by someone just being "loose and stupid." He said it was a "new wrinkle" in escalating tensions between the U.S. and Iran. (June 20)

Trump, who has said he wants to avoid war and negotiate with Iran over its nuclear ambitions, appeared to play down the significance of the shootdown.

He cast it as “a new wrinkle … a new fly in the ointment.” Yet he also said that “this country will not stand for it, that I can tell you.”

Shortly before Trump spoke, Air Force Lt. Gen. Joseph Guastella, commander of U.S. Central Command air forces in the region, took a more pointed view of the shootdown in an area where Trump has blamed Iran for attacking shipping vessels.

“This attack is an attempt to disrupt our ability to monitor the area following recent threats to international shipping and free flow of commerce,” he said.

The Trump administration has been putting increasing economic pressure on Iran for more than a year. It reinstated punishing sanctions following Trump’s decision to pull the U.S. out of an international agreement intended to limit Iran’s nuclear program in exchange for relief from earlier sanctions.

The other world powers who remain signed on to the nuclear deal have set a meeting to discuss the U.S. withdrawal and Iran’s announced plans to increase its uranium stockpile for June 28, a date far enough in the future to perhaps allow tensions to cool.

Citing Iranian threats, the U.S. recently sent an aircraft carrier to the Persian Gulf region and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

The first U.S. reaction was Trump’s Thursday morning tweet of six forceful words: “Iran made a very big mistake.”

But later, while meeting with Canadian Prime Minister Justin Trudeau, Trump said, “I would imagine it was a general or somebody that made a mistake in shooting that drone down.

He said the American drone was unarmed and unmanned and “clearly over international waters.” It would have “made a big, big difference” if someone had been inside, he said.

“I find it hard to believe it was intentional, if you want to know the truth,” Trump said. “I think that it could have been somebody who was loose and stupid that did it.”

Taking issue with the U.S. version of where the attack occurred, Iranian Foreign Minister Mohammad Javad Zarif tweeted that his country had retrieved sections of the military drone “in OUR territorial waters where it was shot down.” He said, “We don’t seek war but will zealously defend our skies, land & waters.”

U.S. Gen. Guastella disputed that contention, telling reporters that the aircraft was 34 kilometers (21 miles) from the nearest Iranian territory and flying at high altitude when struck by a surface-to-air missile. The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

One U.S. official said there was a second American aircraft in the area that was able to get video and imagery of the drone when it was shot down.

Congressional leaders came to the White House for an hour-long briefing in the Situation Room late Thursday with top national security officials including Secretary of State Mike Pompeo, CIA Director Gina Haspel, Joint Chiefs Chairman Gen. Joseph Dunford acting Defense Secretary Patrick Shanahan and Army Secretary Mark Esper, whom Trump has said he’ll nominate as Pentagon chief.

The Senate’s top Democrat called the downing of the American drone “deeply concerning” and accused the administration of not having an Iran strategy and keeping Congress and the rest of the nation in the dark.

“The president needs to explain to the American people why he’s driving us toward another endless conflict in the Middle East,” said Sen. Chuck Schumer of New York.

House Speaker Nancy Pelosi said she didn’t think Trump wanted war with Iran and the American people have “no appetite” for it either. She said the U.S. needs to be “strong and strategic” about protecting its interests but “cannot be reckless.”

Talking tougher, Republican Sen. Lindsey Graham of South Carolina called Iran a “murderous regime” and said, “If they’re itching for a fight they’re going to get one.”

“We’re a lot closer today than we were yesterday, and only God knows what tomorrow brings,” said Graham, a Trump ally who talked with the president by telephone.

The senator also focused on the issue of Iran’s nuclear ambitions, saying its leaders have refused to negotiate after Trump withdrew the U.S. from the international agreement to limit Iranian development of nuclear weapons.

Graham said it’s imperative that the U.S. clearly tell the Iranians that any attempt to increase uranium enrichment will be seen as a “hostile act against the United States and our allies in Israel and will not go unanswered.”

Another factor: This all comes as Trump is launching his re-election campaign. He ran for president promising to bring American troops home from the Middle East and Afghanistan and has repeatedly said he wants to keep America out of “endless wars.”

Ari Fleischer, who was press secretary for President George W. Bush, cautioned against thinking about politics when weighing any response to Iran.

“I suspect a successful limited counter-strike, such as taking out the missile battery that fired at the drone or the sinking of an unmanned Iranian vessel, would be seen as a well-calibrated show of resolve and discipline,” Fleischer said in an interview. He added that “if we do nothing, Iran may strike again thinking it has impunity.”

https://apnews.com/84ad15edb7324472bb867852059a0a7a

Iran shoots down US surveillance drone, heightening tensions

29 minutes ago

In this Oct. 24, 2018, photo released by the U.S. Air Force, members of the 7th Reconnaissance Squadron prepare to launch an RQ-4 Global Hawk at Naval Air Station Sigonella, Italy. Iran’s Revolutionary Guard shot down a U.S. RQ-4 Global Hawk on Thursday, June 20, 2019, amid heightened tensions between Tehran and Washington over its collapsing nuclear deal with world powers, American and Iranian officials said, though they disputed the circumstances of the incident. (Staff Sgt. Ramon A. Adelan/U.S. Air Force via AP)

TEHRAN, Iran (AP) — Iran’s Revolutionary Guard shot down a U.S. surveillance drone Thursday in the Strait of Hormuz, marking the first time the Islamic Republic directly attacked the American military amid tensions over Tehran’s unraveling nuclear deal with world powers.

The two countries disputed the circumstances leading up to an Iranian surface-to-air missile bringing down the U.S. Navy RQ-4A Global Hawk, an unmanned aircraft with a wingspan larger than a Boeing 737 jetliner and costing over $100 million.

Iran said the drone “violated” its territorial airspace, while the U.S. called the missile fire “an unprovoked attack” in international airspace over the narrow mouth of the Persian Gulf and President Donald Trump tweeted that “Iran made a very big mistake!”

Trump later appeared to play down the incident, telling reporters in the Oval Office that he had a feeling that “a general or somebody” being “loose and stupid” made a mistake in shooting down the drone.

AP Graphic

The incident immediately heightened the crisis already gripping the wider region, which is rooted in Trump withdrawing the U.S. a year ago from Iran’s 2015 nuclear deal and imposing crippling new sanctions on Tehran. Recently, Iran quadrupled its production of low-enriched uranium to be on pace to break one of the deal’s terms by next week while threatening to raise enrichment closer to weapons-grade levels on July 7 if Europe doesn’t offer it a new deal.

Citing unspecified Iranian threats, the U.S. has sent an aircraft carrier to the Middle East and deployed additional troops alongside the tens of thousands already there. All this has raised fears that a miscalculation or further rise in tensions could push the U.S. and Iran into an open conflict 40 years after Tehran’s Islamic Revolution.

“We do not have any intention for war with any country, but we are fully ready for war,” Revolutionary Guard commander Gen. Hossein Salami said in a televised address.

The paramilitary Guard, which answers only to Supreme Leader Ayatollah Ali Khamenei, said it shot down the drone at 4:05 a.m. Thursday when it entered Iranian airspace near the Kouhmobarak district in southern Iran’s Hormozgan province. Kouhmobarak is about 1,200 kilometers (750 miles) southeast of Tehran.

Iran’s Revolutionary Guard commander Gen. Hossein Salami. (Sepahnews via AP)

The drone took off from the southern Persian Gulf and collected data from Iranian territory, including the southern port of Chahbahar near Iran’s border with Pakistan, the Guard said in comments that appeared aimed at showing it could track the aircraft.

The U.S. military has not commented on the mission of the remotely piloted aircraft that can fly higher than 10 miles in altitude and stay in the air for over 24 hours at a time.

Iran used its air defense system known as Third of Khordad to shoot down the drone — a truck-based missile system that can fire up to 18 miles (30 kilometers) into the sky, the semi-official Fars news agency reported.

Iranian state TV later broadcast video it described as the moment the Guard launched the surface-to-air missile that struck the U.S. drone. Chants of “God is great!” could be heard as a fireball appeared in the darkened sky.

Typically, militaries worldwide call out to errant aircraft entering their airspace before firing. It’s unclear whether Iran gave any warning before opening fire. The U.S. military says Iran fired on and missed another drone last week near the Strait of Hormuz, the narrow mouth of the Persian Gulf through which 20% of all global oil moves.

The U.S. has been worried about international shipping through the strategic waterway since tankers were damaged in May and June in what Washington has blamed on limpet mines from Iran, although Tehran denied involvement.. On Wednesday in the United Arab Emirates, the U.S. Navy showed fragments of mines that it said bore “a striking resemblance” to those seen in Iran

The RQ-4 Global Hawk was at least 34 kilometers from Iranian territory when it was shot down by an Iranian surface-to-air missile, said Air Force Lt. Gen. Joseph Guastella, commander of the U.S. Central Command. He said it was an attempt to disrupt U.S. efforts to monitor the Persian Gulf region.

But Salami, speaking to a crowd in the western city of Sanandaj, described the American drone as “violating our national security border.”

“Borders are our red line,” the Revolutionary Guard general said. “Any enemy that violates the borders will be annihilated.”

Iran’s Foreign Ministry also said the drone entered Iranian airspace, and Foreign Minister Mohammad Javad Zarif tweeted it would take its case to the U.N. He later tweeted that Iran retrieved parts of the drone in its territorial waters.

Russian President Vladimir Putin urged caution, warning any war between Iran and the U.S. would be a “catastrophe for the region as a minimum.”

Israeli Prime Minister Benjamin Netanyahu urged support for U.S. efforts to halt what he called escalating Iranian provocations.

“In the last 24 hours, Iran has intensified its aggression against the United States and against all of us,” he said.

U.N. Secretary-General Antonio Guterres expressed concern and urged all parties to “avoid any action that could inflame the situation,” said U.N. spokesman Stephane Dujarric.

America stations some RQ-4 Global Hawks at the Al-Dhafra Air Base in the UAE, near the capital of Abu Dhabi. Associated Press journalists saw the drones on the base’s tarmac during a March 2016 visit by then-Vice President Joe Biden. The U.S. military occasionally publishes images from there of the drones, which have a distinctive hump-shaped front and an engine atop the fuselage.

Iran has claimed to have shot down U.S. drones before. In the most famous incident, in December 2011, Iran seized an RQ-170 Sentinel flown by the CIA to monitor Iranian nuclear sites after it entered Iranian airspace from neighboring Afghanistan. Iran later reverse-engineered the drone to create their own variants.

Elsewhere in the region Thursday, Saudi Arabia said Yemen’s Iranian-backed Houthi rebels fired a rocket at a desalination plant in al-Shuqaiq, a city in the kingdom’s Jizan province. The state-run Saudi Press Agency quoted military spokesman Col. Turki al-Maliki as saying it caused no damage or casualties.

The Yemeni rebel Al-Masirah satellite news channel earlier said the Houthis targeted a power plant in Jizan, near the kingdom’s border with Yemen, with a cruise missile.

A coalition led by Saudi Arabia, a key U.S. ally, has been battling the Houthis since March 2015 in Yemen, the Arab world’s poorest nation now pushed to the brink of famine by the conflict. In recent weeks, the Houthis have launched a new campaign sending missiles and bomb-laden drones into Saudi Arabia.

https://apnews.com/e4316eb989d5499c9828350de8524963

 

 

Story 2: Federal Reserve Board Votes To Keep Federal Funds Target Range of 2.25% to 2.5% Waiting For July 2019 Jobs Report and Second Quarter Real GDP Growth Rate Number — Videos

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Trump slams Fed over interest rate policy

Fed Chair Jerome Powell speaks to media following interest rate decision – 06/19/2019

Sen. Tillis Says Fed Made Mistake in December, Defers to Trump on Powell Demotion

The Federal Reserve didn’t cut rates, but does the rally need the Fed?

Steve Keen Says U.S. Heading for 2020 Recession

Cramer: Stocks would probably rise if Trump removed Powell as Fed chair

Fed Chair Jerome Powell speaks on monetary policy – 06/04/2019

Fed wary of economic clouds, but leaves interest rates unchanged for now

Goldman Sees Fed ‘Not Likely to Cut’ Rates in July, Kostin Says

The Federal Fund Rate in 4 Minutes

Macro 4.1- Money Market and FED Tools (Monetary Policy)

Discount Rate and Federal Funds Rate

What is the Yield Curve, and Why is it Flattening?

Why Investors Are Obsessed With the Inverted Yield Curve

Here’s what experts are saying about the inverted yield curve

Trump expected Powell to be a ‘cheap-money’ Fed chairman

S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points

VIDEO02:12
The S&P 500 just closed at a record high — Here’s what four experts say to watch

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.

The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34.

The yield on the 10-year Treasury fell below 2% for the first time since November 2016. Investors cheered the decline in the benchmark for mortgage rates and corporate bonds.

The energy sector rose more than 2% to lead all 11 S&P 500 sectors higher as oil prices jumped. Tech gained 1.4% after shares of Oracle surged more than 8% on stronger-than-forecast earnings. General Electric’s 2.8% rise pushed the industrials sector up more than 1.6% on the day.

“Markets are based on numbers and perception. If the perception is rates are getting cut, that’s going to drive markets higher,” said Kathy Entwistle, senior vice president of wealth management at UBS. “UBS’ stance up until yesterday was we wouldn’t see any rate cuts this year. Now we see a much larger chance of a 50-basis-point cut.”

The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building.

Policymakers also dropped “patient” from the Fed’s statement and acknowledged that inflation is “running below” its 2% objective.

Market participants viewed the overall tone from the U.S. central bank as more dovish than expected. Traders are now pricing in a 100% chance of a rate cutnext month, according to the CME FedWatch tool.

With Thursday’s gains, the market has now erased the steep losses recorded by the major indexes in May, which were sparked by trade fears. The S&P 500 and Dow both fell more than 6% while the Nasdaq lost 7.9% last month. The three indexes were up more than 7% for June.

China and the U.S. hiked tariffs on billions of dollars worth of their goods in May. Stocks turned around this month as traders bet the rising trade tensions, coupled with weaker economic data, would lead the Fed to ease its monetary policy stance.

The Fed’s message on Wednesday sent the 10-year Treasury yield to as low as 1.974% before ending the day around 2.02%. The yield stood at 2.8% in January.

“The FOMC reinforced the market’s conviction,” said Steve Blitz, chief U.S. economist at TS Lombard, in a note. “Barring a dramatic turnaround in the data, the next move is a cut – perhaps even a 50bp reduction.”

The dollar also took a hit against other major currencies. The dollar index dropped 0.5% to 96.65, led by a 0.6% slide in the euro. The yen and Canadian dollar also rose against the U.S. currency.

Energy shares got a boost from higher oil prices. The Energy Select Sector SPDR Fund (XLE) climbed 2.2% as shares of Exxon Mobil gained 1.7%. Oil prices surged 5.4% after a U.S. official said a drone was shot down over Iranian airspace.

Meanwhile, Slack shares surged more than 40% in their first day of trading. The stock closed above $38 after setting a reference price of $26.

https://www.cnbc.com/2019/06/20/stock-market-dow-futures-higher-after-fed-raises-rate-cut-hopes.html

Federal Open Market Committee

About the FOMC

Recent FOMC press conference

June 19, 2019

FOMC Transcripts and other historical materials

The term “monetary policy” refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy–open market operationsthe discount rate, and reserve requirements. The Board of Governors of the Federal Reserve System is responsible for the discount rate and reserve requirements, and the Federal Open Market Committee is responsible for open market operations. Using the three tools, the Federal Reserve influences the demand for, and supply of, balances that depository institutions hold at Federal Reserve Banks and in this way alters the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight.

Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services.

Structure of the FOMC

The Federal Open Market Committee (FOMC) consists of twelve members–the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee’s assessment of the economy and policy options.

The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.

For more detail on the FOMC and monetary policy, see section 2 of the brochure on the structure of the Federal Reserve Systemand chapter 2 of Purposes & Functions of the Federal Reserve System. FOMC Rules and Authorizations are also available online.

2019 Committee Members

Alternate Members

Federal Reserve Bank Rotation on the FOMC

Committee membership changes at the first regularly scheduled meeting of the year.

2020 2021 2022
Members New York
Cleveland
Philadelphia
Dallas
Minneapolis
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
Alternate
Members
New York
Chicago
Richmond
Atlanta
San Francisco
New York
Cleveland
Boston
St. Louis
Kansas City
New York
Chicago
Philadelphia
Dallas
Minneapolis

 †For the Federal Reserve Bank of New York, the First Vice President is the alternate for the President. Return to table

For additional information, please use the FOMC FOIA request form.

https://www.federalreserve.gov/monetarypolicy/fomc.htm

 

Fed holds rates steady, but opens the door for a rate cut in the future

The action sets up a possible confrontation between Fed Chairman Jerome Powell and President Donald Trump, who has been pressuring the Fed to cut rates. Just Tuesday, Trump said “let’s see what he does” at the Fed meeting when asked if he still wants to demote Powell.

At the post-statement news conference, Powell was asked about his future as chairman. “I think the law is clear that I have a four year term, and I fully intend to serve it,” he said.

The strong majority for this month’s decision contrasted with a sharp difference of opinion on what happens next.

The committee provided an important nod to those worried about slower growth: It dropped the word “patient” in  describing its approach to policy. The characterization was a key part of the Fed “pivot” earlier this year that signaled to the market a more dovish approach to rates.

“The Fed didn’t surprise investors with the decision to maintain rates, but the split vote tells us that a cut is on the way and it’s increasingly likely that will be in July, as bond markets have been hoping,” said Neil Birrell, chief investment officer at Premier Asset Management.

“This was probably the compromise decision — it wasn’t shocking and should offer some reassurance,” Steve Rick, chief economist at CUNA Mutual Group, said in a note. “The FOMC will still want to closely monitor the stress fractures from the bond market, middling housing and auto sales numbers, and an increasingly uncertain global economic landscape in the coming months.”

The statement also changed wording to concede that inflation is “running below” the Fed’s 2% objective. In their forecast for headline inflation this year, officials slashed the estimate to 1.5% from March’s 1.8%. Core inflation, which excludes volatile food and energy prices, is likely now to be 1.8% from March’s 2%, according to the quarterly summary of economic projections also released Wednesday.

‘In light of these uncertainties’

The committee changed language from its May statement to indicate that economic activity is “rising at a moderate rate,” a downgrade from “solid.”

In their baseline scenario, FOMC members said they still expect “sustained expansion of economic activity” and a move toward 2% inflation, but realize that “uncertainties about this outlook have increased.”

“In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective,” the statement said. The “act as appropriate to sustain the expansion” language mirrors a statement from Powell in early June.

Very reasonable to think Fed will cut rates twice this year: Strategist

The committee characterized the labor market as “strong” with “solid” jobs growth, despite May’s disappointing nonfarm payrolls growth of 75,000. The statement further said that household spending “appears to have picked up from earlier in the year.”

The changes came amid what appeared to be little consensus among the committee about where rates go next.

Divided Fed

According to the “dot plot” of individual members’ expectations, eight members favor one cut this year while the same number voted in favor of the status quo and one still wants a rate hike. Bullard and Minneapolis Fed President Neel Kashkari have led the public discussion about the potential for rate cuts, while other members have been less firm.

Into 2020, the Fed consensus was a bit stronger, with nine members wanting a cut to a funds rate around 2.1%. The direction changes, though, in 2021, with indications of an increase of about a quarter-point, culminating in an expected long-run value of 2.5%. The funds rate most recently was trading at 2.37%.

Traders in the thin and volatile funds market had been pricing in a 26% chance of a cut at this week’s meeting. Later in the year, though, the probability for a July easing rose to 82.5% and the chances of a second cut in December were most recently at 60.4%. The market expects a third cut to come around March of 2020.

While the statement language offered some significant changes, estimates in the summary of economic projections, other than inflation, moved little from March. GDP growth is still expected to be 2.1% for the year – it was 3.1% in the first quarter, and the Atlanta Fed is forecasting a 2% gain in the second quarter. The unemployment rate is now expected to hold at a 50-year low of 3.6%, against the March forecast of 3.7%.

https://www.cnbc.com/2019/06/19/fed-decision-fed-leaves-rates-unchanged.html

10-year Treasury yield drops below 2% for first time since November 2016

Federal funds rate

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Federal Funds Rate compared to U.S. Treasury interest rates

2 to 10 year treasury yield spread

Inflation (blue) compared to federal funds rate (red)

Quarterly gross domestic product compared to Federal Funds Rate.

Federal Funds Rate and Treasury interest rates from 2002-2019

In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve to maintain depository institutions’ reserve requirements. Institutions with surplus balances in their accounts lend those balances to institutions in need of larger balances. The federal funds rate is an important benchmark in financial markets.[1][2]

The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is determined by a meeting of the members of the Federal Open Market Committee which normally occurs eight times a year about seven weeks apart. The committee may also hold additional meetings and implement target rate changes outside of its normal schedule.

The Federal Reserve uses open market operations to make the federal funds effective rate follow the federal funds target rate. The target rate is chosen in part to influence the money supply in the U.S. economy[3]

Contents

Mechanism

Financial institutions are obligated by law to maintain certain levels of reserves, either as reserves with the Fed or as vault cash. The level of these reserves is determined by the outstanding assets and liabilities of each depository institution, as well as by the Fed itself, but is typically 10%[4] of the total value of the bank’s demand accounts (depending on bank size). In the range of $9.3 million to $43.9 million, for transaction deposits (checking accountsNOWs, and other deposits that can be used to make payments) the reserve requirement in 2007–2008 was 3 percent of the end-of-the-day daily average amount held over a two-week period. Transaction deposits over $43.9 million held at the same depository institution carried a 10 percent reserve requirement.

For example, assume a particular U.S. depository institution, in the normal course of business, issues a loan. This dispenses money and decreases the ratio of bank reserves to money loaned. If its reserve ratio drops below the legally required minimum, it must add to its reserves to remain compliant with Federal Reserve regulations. The bank can borrow the requisite funds from another bank that has a surplus in its account with the Fed. The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.

The federal funds target rate is set by the governors of the Federal Reserve, which they enforce by open market operations and adjustments in the interest rate on reserves.[5] The target rate is almost always what is meant by the media referring to the Federal Reserve “changing interest rates.” The actual federal funds rate generally lies within a range of that target rate, as the Federal Reserve cannot set an exact value through open market operations.

Another way banks can borrow funds to keep up their required reserves is by taking a loan from the Federal Reserve itself at the discount window. These loans are subject to audit by the Fed, and the discount rate is usually higher than the federal funds rate. Confusion between these two kinds of loans often leads to confusion between the federal funds rate and the discount rate. Another difference is that while the Fed cannot set an exact federal funds rate, it does set the specific discount rate.

The federal funds rate target is decided by the governors at Federal Open Market Committee (FOMC) meetings. The FOMC members will either increase, decrease, or leave the rate unchanged depending on the meeting’s agenda and the economic conditions of the U.S. It is possible to infer the market expectations of the FOMC decisions at future meetings from the Chicago Board of Trade (CBOT) Fed Funds futures contracts, and these probabilities are widely reported in the financial media.

Applications

Interbank borrowing is essentially a way for banks to quickly raise money. For example, a bank may want to finance a major industrial effort but may not have the time to wait for deposits or interest (on loan payments) to come in. In such cases the bank will quickly raise this amount from other banks at an interest rate equal to or higher than the Federal funds rate.

Raising the federal funds rate will dissuade banks from taking out such inter-bank loans, which in turn will make cash that much harder to procure. Conversely, dropping the interest rates will encourage banks to borrow money and therefore invest more freely.[6] This interest rate is used as a regulatory tool to control how freely the U.S. economy operates.

By setting a higher discount rate the Federal Bank discourages banks from requisitioning funds from the Federal Bank, yet positions itself as a lender of last resort.

Comparison with LIBOR

Though the London Interbank Offered Rate (LIBOR) and the federal funds rate are concerned with the same action, i.e. interbank loans, they are distinct from one another, as follows:

  • The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies.
  • The (effective) federal funds rate is achieved through open market operations at the Domestic Trading Desk at the Federal Reserve Bank of New York which deals primarily in domestic securities (U.S. Treasury and federal agencies’ securities).[7]
  • LIBOR is based on a questionnaire where a selection of banks guess the rates at which they could borrow money from other banks.
  • LIBOR may or may not be used to derive business terms. It is not fixed beforehand and is not meant to have macroeconomic ramifications.[8]

Predictions by the market

Considering the wide impact a change in the federal funds rate can have on the value of the dollar and the amount of lending going to new economic activity, the Federal Reserve is closely watched by the market. The prices of Option contracts on fed funds futures (traded on the Chicago Board of Trade) can be used to infer the market’s expectations of future Fed policy changes. Based on CME Group 30-Day Fed Fund futures prices, which have long been used to express the market’s views on the likelihood of changes in U.S. monetary policy, the CME Group FedWatch tool allows market participants to view the probability of an upcoming Fed Rate hike. One set of such implied probabilities is published by the Cleveland Fed.

Historical rates

As of 19 December 2018 the target range for the Federal Funds Rate is 2.25–2.50%.[9] This represents the ninth increase in the target rate since tightening began in December 2015.[10]

The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%. The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%. Between December 2008 and December 2015 the target rate remained at 0.00–0.25%, the lowest rate in the Federal Reserve’s history, as a reaction to the Financial crisis of 2007–2008 and its aftermath. According to Jack A. Ablin, chief investment officer at Harris Private Bank, one reason for this unprecedented move of having a range, rather than a specific rate, was because a rate of 0% could have had problematic implications for money market funds, whose fees could then outpace yields.[11]

Federal funds rate history and recessions.png

Explanation of federal funds rate decisions

When the Federal Open Market Committee wishes to reduce interest rates they will increase the supply of money by buying government securities. When additional supply is added and everything else remains constant, the price of borrowed funds – the federal funds rate – falls. Conversely, when the Committee wishes to increase the federal funds rate, they will instruct the Desk Manager to sell government securities, thereby taking the money they earn on the proceeds of those sales out of circulation and reducing the money supply. When supply is taken away and everything else remains constant, the interest rate will normally rise.[12]

The Federal Reserve has responded to a potential slow-down by lowering the target federal funds rate during recessions and other periods of lower growth. In fact, the Committee’s lowering has recently predated recessions,[13] in order to stimulate the economy and cushion the fall. Reducing the federal funds rate makes money cheaper, allowing an influx of credit into the economy through all types of loans.

The charts linked below show the relation between S&P 500 and interest rates.

  • July 13, 1990 — Sept 4, 1992: 8.00%–3.00% (Includes 1990–1991 recession)[14][15]
  • Feb 1, 1995 — Nov 17, 1998: 6.00–4.75 [16][17][18]
  • May 16, 2000 — June 25, 2003: 6.50–1.00 (Includes 2001 recession)[19][20][21]
  • June 29, 2006 — (Oct. 29 2008): 5.25–1.00[22]
  • Dec 16, 2008 — 0.0–0.25[23]
  • Dec 16, 2015 — 0.25–0.50[24]
  • Dec 14, 2016 — 0.50–0.75[25]
  • Mar 15, 2017 — 0.75–1.00[26]
  • Jun 14, 2017 — 1.00–1.25[27]
  • Dec 13, 2017 — 1.25–1.50[28]
  • Mar 21, 2018 — 1.50–1.75[29]
  • Jun 13, 2018 — 1.75–2.00[30]
  • Sep 26, 2018 — 2.00–2.25[9]
  • Dec 19, 2018 — 2.25–2.50[31]

Bill Gross of PIMCO suggested that in the prior 15 years ending in 2007, in each instance where the fed funds rate was higher than the nominal GDP growth rate, assets such as stocks and housing fell.[32]

International effects

A low federal funds rate makes investments in developing countries such as China or Mexico more attractive. A high federal funds rate makes investments outside the United States less attractive. The long period of a very low federal funds rate from 2009 forward resulted in an increase in investment in developing countries. As the United States began to return to a higher rate in 2013 investments in the United States became more attractive and the rate of investment in developing countries began to fall. The rate also affects the value of currency, a higher rate increasing the value of the U.S. dollar and decreasing the value of currencies such as the Mexican peso.[33]

See also

References

  1. ^ “Fedpoints: Federal Funds”Federal Reserve Bank of New York. August 2007. Retrieved October 2, 2011.
  2. ^ “The Implementation of Monetary Policy”. The Federal Reserve System: Purposes & Functions(PDF). Washington, D.C.: Federal Reserve Board. August 24, 2011. p. 4. Retrieved October 2, 2011.
  3. ^ “Monetary Policy, Open Market Operations”. Federal Reserve Bank. January 30, 2008. Archived from the original on April 13, 2001. Retrieved January 30, 2008.
  4. ^ “Reserve Requirements”. Board of Governors of The Federal Reserve System. December 16, 2015.
  5. ^ Stefan Homburg (2017) A Study in Monetary Macroeconomics, Oxford University Press, ISBN978-0-19-880753-7.
  6. ^ “Fed funds rate”. Bankrate, Inc. March 2016.
  7. ^ Cheryl L. Edwards (November 1997). Gerard Sinzdak. “Open Market Operations in the 1990s”(PDF)Federal Reserve Bulletin (PDF).
  8. ^ “BBA LIBOR – Frequently asked questions”. British Bankers’ Association. March 21, 2006. Archived from the original on February 16, 2007.
  9. Jump up to:ab “Federal Reserve issues FOMC statement” (Press release). Board of Governors of the Federal Reserve System. December 19, 2018. Retrieved June 2, 2019.
  10. ^ Tankersley, Jim (March 21, 2018). “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”The New York Times. Retrieved March 22, 2018.
  11. ^ “4:56 p.m. US-Closing Stocks”. Associated Press. December 16, 2008. Archived from the original on July 18, 2012.
  12. ^ David Waring (February 19, 2008). “An Explanation of How The Fed Moves Interest Rates”. InformedTrades.com. Archived from the original on May 5, 2015. Retrieved July 20, 2009.
  13. ^ “Historical Changes of the Target Federal Funds and Discount Rates, 1971 to present”. New York Federal Reserve Branch. February 19, 2010. Archived from the original on December 21, 2008.
  14. ^ “$SPX 1990-06-12 1992-10-04 (rate drop chart)”. StockCharts.com.
  15. ^ “$SPX 1992-08-04 1995-03-01 (rate rise chart)”. StockCharts.com.
  16. ^ “$SPX 1995-01-01 1997-01-01 (rate drop chart)”. StockCharts.com.
  17. ^ “$SPX 1996-12-01 1998-10-17 (rate drop chart)”. StockCharts.com.
  18. ^ “$SPX 1998-09-17 2000-06-16 (rate rise chart)”. StockCharts.com.
  19. ^ “$SPX 2000-04-16 2002-01-01 (rate drop chart)”. StockCharts.com.
  20. ^ “$SPX 2002-01-01 2003-07-25 (rate drop chart)”. StockCharts.com.
  21. ^ “$SPX 2003-06-25 2006-06-29 (rate rise chart)”. StockCharts.com.
  22. ^ “$SPX 2006-06-29 2008-06-01 (rate drop chart)”. StockCharts.com.
  23. ^ “Press Release”. Board of Governors of The Federal Reserve System. December 16, 2008.
  24. ^ “Open Market Operations”. Board of Governors of The Federal Reserve System. December 16, 2015.
  25. ^ “Decisions Regarding Monetary Policy Implementation”. Board of Governors of The Federal Reserve System. Archived from the original on December 15, 2016.
  26. ^ Cox, Jeff (March 15, 2017). “Fed raises rates at March meeting”CNBC. Retrieved March 15, 2017.
  27. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 14, 2017.
  28. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 13, 2017.
  29. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. March 21, 2018.
  30. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. June 13, 2018.
  31. ^ “Federal Reserve issues FOMC statement”. Board of Governors of The Federal Reserve System. December 19, 2018.
  32. ^ Shaw, Richard (January 7, 2007). “The Bond Yield Curve as an Economic Crystal Ball”. Retrieved April 3, 2011.
  33. ^ Peter S. Goodman, Keith Bradsher and Neil Gough (March 16, 2017). “The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer”The New York Times. Retrieved March 18,2017Rising interest rates in the United States are driving money out of many developing countries, straining governments and pinching consumers around the globe.

External links

https://en.wikipedia.org/wiki/Federal_funds_rate

The Impact of an Inverted Yield Curve

The term yield curve refers to the relationship between the short- and long-term interest rates of fixed-income securities issued by the U.S. Treasury. An inverted yield curve occurs when short-term interest rates exceed long-term rates.

From an economic perspective, an inverted yield curve is a noteworthy event. Below, we explain this rare phenomenon, discuss its impact on consumers and investors, and tell you how to adjust your portfolio to account for it.

Interest Rates and Yield Curves

Typically, short-term interest rates are lower than long-term rates, so the yield curve slopes upwards, reflecting higher yields for longer-term investments. This is referred to as a normal yield curve. When the spread between short-term and long-term interest rates narrows, the yield curve begins to flatten. A flat yield curve is often seen during the transition from a normal yield curve to an inverted one.

Normal Yield Curve

Figure 1 – A normal yield curve

What Does an Inverted Yield Curve Suggest?

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession. When short-term interest rates exceed long-term rates, market sentiment suggests that the long-term outlook is poor and that the yields offered by long-term fixed income will continue to fall.

More recently, this viewpoint has been called into question, as foreign purchases of securities issued by the U.S. Treasury have created a high and sustained level of demand for products backed by U.S. government debt. When investors are aggressively seeking debt instruments, the debtor can offer lower interest rates. When this occurs, many argue that it is the laws of supply and demand, rather than impending economic doom and gloom, that enable lenders to attract buyers without having to pay higher interest rates.

Inverted Yield Curve

Figure 2 – An inverted yield curve: note the inverse relationship between yield and maturity

Inverted yield curves have been relatively rare, due in large part to longer-than-average periods between recessions since the early 1990s. For example, the economic expansions that began in March 1991, November 2001 and June 2009 were three of the four longest economic expansions since World War II. During these long periods, the question often arises as to whether an inverted yield curve can happen again.

Economic cycles, regardless of their length, have historically transitioned from growth to recession and back again. Inverted yield curves are an essential element of these cycles, preceding every recession since 1956. Considering the consistency of this pattern, an inverted yield will likely form again if the current expansion fades to recession.

Upward sloping yield curves are a natural extension of the higher risks associated with long maturities. In a growing economy, investors also demand higher yields at the long end of the curve to compensate for the opportunity cost of investing in bonds versus other asset classes, and to maintain an acceptable spread over inflation rates.

As the economic cycle begins to slow, perhaps due to interest rate hikes by the Federal Reserve Bank, the upward slope of the yield curve tends to flatten as short-term rates increase and longer yields stay stable or decline slightly. In this environment, investors see long-term yields as an acceptable substitute for the potential of lower returns in equities and other asset classes, which tend to increase bond prices and reduce yields.

Inverted Yield Curve Impact on Consumers

In addition to its impact on investors, an inverted yield curve also has an impact on consumers. For example, homebuyers financing their properties with adjustable-rate mortgages (ARMs) have interest-rate schedules that are periodically updated based on short-term interest rates. When short-term rates are higher than long-term rates, payments on ARMs tend to rise. When this occurs, fixed-rate loans may be more attractive than adjustable-rate loans.

Lines of credit are affected in a similar manner. In both cases, consumers must dedicate a larger portion of their incomes toward servicing existing debt. This reduces expendable income and has a negative effect on the economy as a whole.

The Formation of an Inverted Yield Curve

As concerns of an impending recession increase, investors tend to buy long Treasury bonds based on the premise that they offer a safe harbor from falling equities markets, provide preservation of capital and have potential for appreciation in value as interest rates decline. As a result of the rotation to long maturities, yields can fall below short-term rates, forming an inverted yield curve. Since 1956, equities have peaked six times after the start of an inversion, and the economy has fallen into recession within seven to 24 months.

As of 2017, the most recent inverted yield curve first appeared in August 2006, as the Fed raised short-term interest rates in response to overheating equity, real estate and mortgage markets. The inversion of the yield curve preceded the peak of the Standard & Poor’s 500 in October 2007 by 14 months and the official start of the recession in December 2007 by 16 months. However, a growing number of 2018 economic outlooks from investment firms are suggesting that an inverted yield curve could be on the horizon, citing the narrowing spread between short- and long-dated Treasuries.

If history is any precedent, the current business cycle will progress, and slowing in the economy may eventually become evident. If concerns of the next recession rise to the point where investors see the purchase of long-dated Treasuries as the best option for their portfolios, there is a high likelihood that the next inverted yield curve will take shape.

Inverted Yield Curve Impact on Fixed-Income Investors

A yield curve inversion has the greatest impact on fixed-income investors. In normal circumstances, long-term investments have higher yields; because investors are risking their money for longer periods of time, they are rewarded with higher payouts. An inverted curve eliminates the risk premium for long-term investments, allowing investors to get better returns with short-term investments.

When the spread between U.S. Treasuries (a risk-free investment) and higher-risk corporate alternatives is at historical lows, it is often an easy decision to invest in lower-risk vehicles. In such cases, purchasing a Treasury-backed security provides a yield similar to the yield on junk bondscorporate bondsreal estate investment trusts (REITs) and other debt instruments, but without the risk inherent in these vehicles. Money market funds and certificates of deposit (CDs) may also be attractive – particularly when a one-year CD is paying yields comparable to those on a 10-year Treasury bond.

Inverted Yield Curve Impact on Equity Investors

When the yield curve becomes inverted, profit margins fall for companies that borrow cash at short-term rates and lend at long-term rates, such as community banks. Likewise, hedge funds are often forced to take on increased risk in order to achieve their desired level of returns.

In fact, a bad bet on Russian interest rates is largely credited for the demise of Long-Term Capital Management, a well-known hedge fund run by bond trader John Meriwether.

Despite their consequences for some parties, yield-curve inversions tend to have less impact on consumer staples and healthcare companies, which are not interest-rate dependent. This relationship becomes clear when an inverted yield curve precedes a recession. When this occurs, investors tend to turn to defensive stocks, such as those in the food, oil and tobacco industries, which are often less affected by downturns in the economy.

The Bottom Line

While experts question whether or not an inverted yield curve remains a strong indicator of pending economic recession, keep in mind that history is littered with portfolios that were devastated when investors blindly followed predictions about how “it’s different this time.” Most recently, shortsighted equity investors spouting this mantra participated in the “tech wreck,” snapping up shares in tech companies at inflated prices even though these firms had no hope of ever making a profit.

If you want to be a smart investor, ignore the noise. Instead of spending time and effort trying to figure out what the future will bring, construct your portfolio based on long-term thinking and long-term convictions – not short-term market movements.

For your short-term income needs, do the obvious: choose the investment with the highest yield, but keep in mind that inversions are an anomaly and they don’t last forever. When the inversion ends, adjust your portfolio accordingly.

Story 3: Creepy, Sleepy, Dopey, Joey Biden in Praise of Civility of Democrat Segregationist Senators Eastland (Mississippi) and Talmadge (Georgia) Who Got Things Done — Radical Extremist Democrats (REDS) Attack Biden — Lying Lunatic Leftist Losers and Big Lie Media Playing Identity Politics and Divide and Conquer — Videos —

Biden’s ties to segregationist senator spark campaign tension

Biden’s ties to segregationist senator spark campaign tension

SUSAN WALSH / AP

Joe Biden was a freshman senator, the youngest member of the august body, when he reached out to an older colleague for help on one of his early legislative proposals: The courts were ordering racially segregated school districts to bus children to create more integrated classrooms, a practice Biden opposed and wanted to change.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attemptingto bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The recipient of Biden’s entreaty was Sen. James Eastland, at the time a well-known segregationist who had called blacks “an inferior race” and once vowed to prevent blacks and whites from eating together in Washington. The exchange, revealed in a series of letters, offers a new glimpse into an old relationship that erupted this week as a major controversy for Biden’s presidential campaign.Biden on Wednesday night described his relationship with Eastland as one he “had to put up with.” He said of his relationships with Eastland and another staunch segregationist and southern Democrat, Sen. Herman Talmadge of Georgia, that “the fact of the matter is that we were able to do it because we were able to win — we were able to beat them on everything they stood for.”

But the letters show a different type of relationship, one in which they were aligned on a legislative issue. Biden said at the time that he did not think that busing was the best way to integrate schools in Delaware and that systemic racism should be dealt with by investing in schools and improving housing policies.

The letters were provided Thursday to the Washington Post by the University of Mississippi, which houses Eastland’s archived papers. They were reported in April by CNN.

Biden’s campaign late Thursday issued a statement saying that “the insinuation that Joe Biden shared the same views as Eastland on segregation is a lie.”

“Plain and simple. Joe Biden has dedicated his career to fighting for civil rights,” the statement said.

The controversy over Biden’s comments this week have continued to reverberate at a crucial time in the campaign, with matters of race dominating the political discussion ahead of several prominent gatherings, including the first presidential debate next week and a multicandidate event before black voters in South Carolina on Friday. It has emerged as a complex political problem for Biden, who has been trying to campaign as a civil rights champion while explaining past views that are out of step with today’s Democratic base.

Biden’s Wednesday remarks sparked one of the sharpest intra-Democrat exchanges of the campaign, when Sen. Cory Booker of New Jersey, one of his black 2020 rivals, criticized both Biden’s work with segregationists and the language that he used in describing it.

On Wednesday, Biden called Booker. Biden’s campaign also distributed talking points to supporters, emphasizing that Eastland and Talmadge “were people who he fundamentally disagreed with on the issue of civil rights.”

Late Thursday, the former vice president met with a small group that included black members of Congress, one of the participants said.

Divisions also emerged in Biden’s campaign over how he should handle such situations. Aides alternately argued that he simply misspoke in telling the anecdote, that he shouldn’t be telling it at all or that his remarks demonstrate his ability to work with those with whom he disagrees and the words were being purposefully twisted for political gain.

The letters show that Biden’s courtship of Eastland started in 1972, before he had taken office, and that he wrote to the older senator listing his top six committee assignment requests, with Foreign Relations and Judiciary at the top. A few weeks later, Biden thanked Eastland, writing that he was “flattered and grateful” for his help. He also referred to the December 1972 car crash that killed his wife and daughter and injured his two sons.

“Despite my preoccupation with family matters at this time, I intend to place the highest priority on attending to my committee responsibilities,” Biden wrote.

Biden supporters have repeatedly pointed to his efforts on civil rights issues to cast him as a champion of equality. Not only did he share an eight-year partnership with the first black president, he also worked alongside black leaders throughout his career on extending the Voting Rights Act, amending the Fair Housing Act and creating the holiday honoring the Rev. Martin Luther King Jr.et in the debate over the merits of busing as a solution to greater integration, Biden’s avowed stance against it put him at odds with some civil rights leaders.

 

 

It was in that context that he courted the support of Eastland — at the time the chairman of the Senate Judiciary Committee — as well as other senators.

In one letter, on March 2, 1977, Biden outlined legislation he was filing to restrict busing practices.

“My bill strikes at the heart of the injustice of court ordered busing,” he wrote to Eastland. “It prohibits the federal courts from disrupting our educational system in the name of the constitution where there is no evidence that the governmental officials intended to discriminate.”

“I believe there is growing sentiment in the Congress to curb unnecessary busing,” he added. The Senate two years earlier had passed a Biden amendment that prohibited the federal Department of Health, Education and Welfare from ordering busing to achieve school integration.

 

“That was the first time the U.S. Senate took a firm stand in opposition to busing,” Biden wrote. “The Supreme Court seems to have recognized that busing simply cannot be justified in cases where state and local officials intended no discrimination.”

In later letters to Eastland, Biden continued pushing his legislation.

“I want you to know that I very much appreciate your help during this week’s Committee meeting in attempting to bring my antibusing legislation to a vote,” Biden wrote on June 30, 1977.

The next year, he continued to push for antibusing legislation and again wrote to Eastland.

“Since your support was essential to having our bill reported out by the Judiciary Committee, I want to personally ask your continued support and alert you to our intentions,” Biden wrote on Aug 22, 1978. “Your participation in floor debate would be welcomed.”

After Biden’s remarks at the Wednesday night fund-raiser, advisers played down his comments about Eastland as a garbled rendition of a familiar Biden anecdote. In particular, they sought to excuse Biden for saying that Eastland didn’t refer to him as “boy” — an insult leveled at black men — but as “son.”

“He just misspoke,” said one Biden adviser. “The way Biden usually tells the story, he says Eastland didn’t call him ‘senator,’ he called him ‘son,’ ” the adviser said. “Eastland called him ‘boy’ and ‘son’ also. This was Eastland’s way of diminishing young senators.”

In the campaign statement Thursday, Biden’s national press secretary, Jamal Brown, said Biden’s “strong support for equal housing, equal education and equal job opportunities were clear to all Delawareans in the 1970s.”

Biden sought to ensure that black students received “the resources necessary to deliver the quality education they deserved,” he said.

Brown added that throughout his public life, Biden “fought the institutional problems that created de facto segregated school systems and neighborhoods in the first place: redlining, school lines drawn to keep races and classes separate and housing patterns and discrimination.”

Almost the entire Democratic field is set to attend a fish fry Friday night hosted by House Majority Whip James Clyburn, a leading black figure in the state and one who has remained supportive of Biden.

It would be the first public appearance Biden is making with the same Democratic presidential hopefuls who have heaped criticism on him for the comment.

In demanding an apology, Booker said Wednesday that Biden’s “relationships with proud segregationists are not the model for how we make America a safer and more inclusive place for black people, and for everyone.”

Asked about Booker’s remarks by reporters, Biden declined to offer an apology and instead demanded one from Booker. The two men later spoke privately.

“Cory shared directly what he said publicly — including helping Vice President Biden understand why the word ‘boy’ is painful to so many,” said Sabrina Singh, a Booker campaign spokeswoman. “Cory believes that Vice President Biden should take responsibility for what he said and apologize to those who were hurt.”

Biden’s campaign would not elaborate on the call, but it is clear the topic could linger over the coming days.

Biden has scheduled a sit-down interview with MSNBC, his campaign has been sending out talking points to surrogates, and some black supporters are eager to hear the former vice president offer a fuller explanation.

“I think he’s got to address it head on and show people what his line of thinking was,” said Antjuan Seawright, a Democratic strategist in South Carolina who is close with Biden’s team. “I don’t think they need to get off course with their strategy. I just think they have to address it as it comes up and move on.”

Other Biden supporters, however, think he’s taking just the right approach and standing by his long-held beliefs.

I encouraged campaign staff that I know to say: ‘Don’t back off on this. This is precisely why you’re the right guy in the right place at the right time.’ And I was glad to see that he didn’t,” said Dave O’Brien, a longtime Biden supporter in Cedar Rapids, Iowa.

“You know that some of the other issues, he’s got to evolve with the times, which he has,” O’Brien added. “But there are points where you need to make a stand, so I was very glad to see him not back off on this issue.”

https://www.inquirer.com/politics/nation/joe-biden-james-eastland-segregation-democratic-primary-20190621.htmlPosted: June 20, 2019 – 10:59 PM

Biden not apologizing for remarks on segregationist senators

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Democratic presidential candidate, former Vice President Joe Biden, speaks at the Poor People’s Moral Action Congress presidential forum in Washington, Monday, June 17, 2019. (AP Photo/Susan Walsh)

Joe Biden refused calls to apologize Wednesday for saying that the Senate “got things done” with “civility” even when the body included segregationists with whom he disagreed.

His rivals for the Democratic presidential nomination, including the two major black candidates in the contest, roundly criticized Biden’s comments. But Biden didn’t back down and was particularly defiant in the face of criticism from New Jersey Sen. Cory Booker, who said the former vice president should apologize for his remarks.

Biden countered that it was Booker who should apologize because the senator “should know better” than to question his commitment to civil rights.

“There’s not a racist bone in my body,” Biden said. “I’ve been involved in civil rights my whole career.”

Speaking on CNN, Booker responded: “I was raised to speak truth to power and that I shall never apologize for doing that. And Vice President Biden shouldn’t need this lesson.”

The firestorm is quickly becoming one of the most intense disputes of the Democratic presidential primary, underscoring the hazards for Biden as he tries to turn his decades of Washington experience into an advantage. Instead, he’s infuriating Democrats who say he’s out of step with the diverse party of the 21st century and potentially undermining his argument that he’s the most electable candidate in the race.

The controversy began at a New York fundraiser Tuesday when Biden pointed to long-dead segregationist senators James Eastland of Mississippi and Herman Talmadge of Georgia to argue that Washington functioned more smoothly a generation ago than under today’s “broken” hyperpartisanship.

“We didn’t agree on much of anything,” Biden said of the two men, who were prominent senators when Biden was elected in 1972. Biden described Talmadge as “one of the meanest guys I ever knew” and said Eastland called him “son,” though not “boy,” a reference to the racist way many whites addressed black men at the time.

Yet even in that Senate, Biden said, “At least there was some civility. We got things done.”

A pile on from Biden’s rivals quickly ensued. Booker said he was disappointed by Biden’s remarks.

“I have to tell Vice President Biden, as someone I respect, that he is wrong for using his relationships with Eastland and Talmadge as examples of how to bring our country together,” said Booker, who is African American.

New York City Mayor Bill de Blasio, a fellow Democratic presidential candidate and a white man who is married to a black woman, tweeted: “It’s 2019 & @JoeBiden is longing for the good old days of ‘civility’ typified by James Eastland. Eastland thought my multiracial family should be illegal.”

California Sen. Kamala Harris, a black presidential candidate, said Biden was “coddling” segregationists in a way that “suggests to me that he doesn’t understand … the dark history of our country” — a characterization Biden’s campaign rejects.

Former Texas Rep. Beto O’Rourke, another 2020 candidate, said, “For the vice president to somehow say that what we’re seeing in this country today is a function of partisanship or a lack of bipartisanship completely ignores the legacy of slavery and the active suppression of African Americans and communities of color right now.”

The tumult comes at a crucial point in the campaign. Biden is still recovering from controversy he sparked earlier this month when he angered many Democrats by saying he didn’t support federal taxpayer money supporting abortion. He later reversed his position.

He’s among the more than 20 candidates who will descend on South Carolina this weekend to make their case to black voters at a series of Democratic events.

Meanwhile, most Democratic White House hopefuls will again gather in Miami next week for the first presidential debate of the primary season. Biden will almost certainly come under fire there for his comments this week.

He sought to defuse the tension on Wednesday by saying he was trying to argue that leaders sometimes have to work with people they disagree with to achieve goals, such as renewing the Voting Rights Act.

“The point I’m making is you don’t have to agree. You don’t have to like the people in terms of their views,” he said Wednesday. “But you just simply make the case and you beat them without changing the system.”

He has received support from some black leaders. Cedric Richmond, Biden’s campaign co-chairman and former Congressional Black Caucus chairman, said Biden’s opponents deliberately ignored the full context of his argument for a more functional government.

“Maybe there’s a better way to say it, but we have to work with people, and that’s a fact,” Richmond said, noting he dealt recently with President Donald Trump to pass a long-sought criminal justice overhaul. “I question (Trump’s) racial sensitivity, a whole bunch of things about his character … but we worked together.”

Likewise, Richmond said, Biden mentioned Jim Crow-era senators to emphasize the depths of disagreements elected officials sometimes navigate. “If he gets elected president, we don’t have 60 votes in the Senate” to overcome filibusters, Richmond noted. “He could be less genuine and say, ‘We’re just going to do all these things.’ But we already have a president like that. (Biden) knows we have to build consensus.”

Biden also drew a qualified defense from Republican Sen. Tim Scott of South Carolina, the only black senator from his party. Scott said that Biden “should have used a different group of senators” to make his point but that his remarks “have nothing to do with his position on race” issues. Scott said the reaction reflects an intense environment for Democrats in which the desire to defeat Trump means “anything the front-runner says that is off by a little bit” will be magnified.

https://apnews.com/5b57473cfcda44e4b35c8a40759a26fc

The gloves come off in the Democratic primary

This was the week that the battle for the nomination got real.

The tenor of the Democratic presidential primary has verged on courteous from the start: To the extent that Democrats went after Joe Biden, it was usually not by name. And Bernie Sanders and Elizabeth Warren kept their rivalry decidedly civil.

This week, with the first debates of the election season days away, the gentility came to an end.

Biden’s remarks at a New York fundraiser that “at least there was some civility” when he worked with segregationists in the Senate unleashed a torrent of criticism from his rivals and the left. And a story in POLITICO about centrists coming around to Warren as an “anybody but Bernie” alternative set off Sanders and his allies.

“We knew the primary wouldn’t be all puppies and rainbows forever,” said Ben LaBolt, a former adviser to Barack Obama. “And as the debates approach you can see a new dynamic emerging.”

The reaction from Biden’s rivals to his comments was fierce.

New York Mayor Bill de Blasio, whose wife is African American, noted that one of the segregationists Biden invoked, James Eastland of Mississippi, would have outlawed his marriage. Sen. Cory Booker, who is black, took offense that Biden seemed to make light of Eastland calling him “son” but not “boy.”

“You don’t joke about calling black men ‘boys’,” Booker said.

Booker called on Biden to apologize but Biden took a different path. Outside a fundraiser Wednesday night, a defiant Biden said he had nothing to be sorry for and that it’s Booker who should apologize for questioning someone without “a racist bone in my body.”

“He knows better,” Biden said.

The crossfire marked some of the most direct and intense exchanges so far of the 2020 primary campaign. And it signals that with less than a week until the first televised debate, the field is done tiptoeing around.

“Running for president is no tea party. It’s a battle. And it is customary for candidates to begin to engage at this stage. The polite preliminaries are over,” said Democratic strategist and former Obama hand David Axelrod. “And since there is generally broad agreement on issues, if not solutions, the disputes necessarily turn on other things.”

In a separate episode, Sanders dispatched a tweet that was viewed as a sideswipe of Warren.

“The cat is out of the bag. The corporate wing of the Democratic Party is publicly ‘anybody but Bernie,’” Sanders wrote on Twitter, sharing a POLITICO storyheadlined: “Warren emerges as potential compromise nominee.”

Sanders faced his own backlash over the remark.

“If we had a multi-party parliament, it’d be pretty normal for Sanders and Warren to campaign against each other for leadership in a Social Democratic Party. That said, I still find this move pretty dissapointing [sic] and unnecessary. Draw contrasts if you want, but not like this,” tweeted Waleed Shadid, communications director of the progressive group Justice Democrats.

Shadid later noted that Sanders on CNN said his remark was targeted at the moderate think tank Third Way, and not Warren.

Still, the escalating tensions come as Warren is gaining on Sanders in polls. She leapfrogged him in recent surveys in Nevada and California. And a Monmouth University poll released Wednesday showed Warren and Sanders virtually tied for second, with Warren, at 15 percent, gaining five points in one month. Biden still led the field at 32 percent.

“Biden’s numbers have held up higher than expected and a number of challengers are going after his gaffes more aggressively than before,” LaBolt said. “Warren has begun eating into Bernie’s numbers and he is trying to fend her off.”

Still, one Democratic veteran of the 2016 campaign, ex-Sanders adviser Mark Longabaugh, said the current tangles are nothing like what he experienced in that campaign. There’s plenty of time for it to get there, but it hasn’t happened yet.

“I don’t know if the gloves are off. I think the gloves may be getting a little loose — pulling out the fingertips to take the gloves off.” Longabaugh said. “Having been through the 2015-16 experience, I gotta tell ya, that was much more combative than anything you’ve seen in this race — not anything close.”

Not far from anyone’s mind are the first debates in Miami on Wednesday and Thursday next week.

“While this type of engagement is expected,” LaBolt said, “candidates should be careful not to cross any lines that could significantly damage potential nominees for the general.”

https://www.politico.com/story/2019/06/20/2020-election-democratic-primary-1373202

 

 

Part 2– Story 4: President Trump Pushes All The Right Buttons in 2020 Stump Speech in Orlando, Florida –Send Them Home — Lock Them Up — Four More Years — Videos

TRUMP 2020: President Trump Re-Election Campaign Rally – FULL SPEECH

What To Take Away From President Trump’s Re-Election Rally In Florida

FOX and Friends *6/19/19 | URGENT!TRUMP BREAKING News June 19, 2019

Orlando Fl Trump Rally CROWD FOOTAGE June 18th 2019

Trump slams Obamacare at 2020 reelection rally

President Trump’s 2020 campaign kicks off with a rally in Orlando, Florida

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WATCH: Vice President Mike Pence Speaks at President Trump’s Reelection Rally

WATCH: Donald Trump Jr. Delivers EXPLOSIVE Speech at Reelection Rally

LIVE 🔴 President Trump Rally in Orlando, Florida – June 18, 2019 – TRUMP 2020 RE-ELECTION RALLY

News Now Stream 2 6/18/19 (FNN)

Rep. Matt Gaetz: Trump’s Campaign Is An Inclusive Movement

FULL RALLY: President Trump Holds MASSIVE Rally in Orlando, FL

Trump supporters call speech ‘fantastic’

Anti-Trump Protesters Gather Outside Trump’s 2020 Kickoff Rally in Orlando

The Ingraham Angle 6/18/19 | Laura Ingraham Fox News June 18, 2019

Sean Hannity 6/18/19 | Fox News Today June 18 2019

Tucker Carlson Tonight 6/18/19 | Fox News Today June 18 2019

With Florida rally, Trump aims for a 2020 campaign ‘reset’

Trump to launch 2020 re-election bid in Florida

Orlando preps for huge crowds for Trump rally

Crowds grow for Trump rally in Orlando

People are lining up for President Trump’s event on Tuesday

THE PRESIDENT IS BACK: President Trump Returns From MASSIVE Orlando Rally

The Memo: Can Trump run as an outsider?

President Trump is running for reelection as an outsider candidate. But it’s a knotty challenge for someone who holds the world’s most powerful office.

Trump’s speech in Orlando, Fla., on Tuesday, which officially launched his 2020 bid, was rife with rhetoric portraying himself — and by extension his supporters — as victims of nefarious elites.

The president said that he and his allies were besieged by a “permanent political class” and “an unholy alliance of lobbyists and donors and special interests.”

“Our patriotic movement has been under assault from the very first day,” Trump insisted at one point. Moments before, he told the crowd, “the swamp is fighting back so viciously and violently.”

It’s the kind of language that makes Democrats roll their eyes. Trump, they note, is a billionaire property developer, born into wealth, who won the presidency on his first attempt — yet he portrays himself as the tribune of “the forgotten men and women of our country” whom he invoked in his January 2017 inaugural address.

But Trump’s unconventionality might, in itself, help him retain some kind of outsider cachet in a way that is unusual for an incumbent president.

“For any other president, yes, it is a challenge,” said Alex Conant, a Republican strategist who worked for Sen. Marco Rubio (R-Fla.) in the 2016 presidential primaries.

“But Trump is unlike any other president. Trump has been at war with the establishment since the moment he set foot in the White House,” he said.

It is certainly true that Trump was viewed with suspicion by the Republican Party from the time he began his presidential run — and that his language and attitudes are viewed with distaste by much of the Beltway political class.

But dislike for Trump’s personal antics is hardly confined to D.C. elites.

A Pew Research Center poll in March showed pluralities of the public believing that he was not “trustworthy,” “even-tempered” or “well-informed.”

For all Trump’s supposed concern with less affluent Americans, 56 percent of the respondents in the Pew poll said they did not believe he cared about “people like me,” whereas just 40 percent said he did care.

The GOP has largely made peace with him, with former rivals including Sens. Lindsey Graham (S.C.) and Rand Paul (Ky.) becoming enthusiastic supporters, congressional dissenters such as former Rep. Mark Sanford(R-S.C.) having been defeated in primaries and Trump now in firm control of the party apparatus.

Skeptics also point to both policies and personnel — from the steep cut in the corporate tax rate in 2017 to the 16-month run of the ethically challenged Scott Pruitt as head of the Environmental Protection Agency — as evidence that the swamp has remained undrained under Trump.

But Trump allies are insistent that the president’s feel for the cultural mores of blue-collar America remains a potent and underrated political weapon.

“He is certainly an outsider to the political establishment. They still don’t get him and he is not coming around to their way of thinking,” said Barry Bennett, who worked as a senior adviser to Trump’s 2016 campaign. “He may live inside the gates but he does not live inside the establishment. … I don’t know anyone who believes he has become some kind of Georgetown socialite.”

Michael Caputo, a longtime Trump friend, insisted, “I have never ever met anyone, any Trump supporter, who believes anything else besides the fact that he’s an outsider.”

There is clearly a political dividend to be gained if Trump can hold onto his outsider image.

In the recent past, voters in presidential elections have often chosen the candidate seen as less steeped in the ways of Washington.

Former President Obama won election twice as a change agent, initially winning the White House as the first black president and then securing a second term over GOP nominee Mitt Romney, the personification of a genteel Republican establishment.

Former President George W. Bush had only a tenuous claim to outsider status, given he was the son of a president — yet his campaign was able to paint then-Sen. John Kerry (D-Mass.) as a creature of Washington in the 2004 presidential election.

Before that, former President Clinton used his down-home Arkansas image as a weapon against an incumbent president, Bush’s father, George H.W Bush, and then won a second term over another GOP establishment favorite, then-Sen. Bob Dole (Kan.).

Independent observers acknowledge that Trump’s style, divisive though it is, could help him be seen as much more of a disruptor even than these recent predecessors.

“It’s almost impossible for an incumbent to run as an outsider, but Trump has held onto that credential,” said Tobe Berkovitz, a Boston University professor who specializes in political communications. “He is parlaying that into how he sees himself — running against the Democrats, the media, the elites.”

Republicans, meanwhile, argue that Trump’s outsider image could be especially useful if Democrats pick former Vice President Joe Biden as their nominee.

Biden, in their telling, is much easier to brand as a creature of Washington given his decades in the Senate. There will be a different challenge if Democrats instead choose one of Biden’s rivals who is a fresher face on the national political scene, such as Sen. Elizabeth Warren (D-Mass.) or Sen Kamala Harris (D-Calif.); or more radical, such as Sen. Bernie Sanders(I-Vt.).

Trump, billionaire Manhattanite though he may be, has long used the idea that he is sneered at by a snobbish elite to his own advantage.

On Tuesday, he told his supporters that Democrats “want to destroy you.”

It was a stark and visceral remark even by Trump’s standards.

But, after his 2016 victory, even his critics can’t be so sure it won’t work.

https://thehill.com/homenews/the-memo/449436-the-memo-can-trump-run-as-an-outsider

A Second Term for What?

Trump can’t win by relitigating 2016 and playing only to his base.

President Donald Trump looks on during a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign on June 18.PHOTO: MANDEL NGAN/AGENCE FRANCE-PRESSE/GETTY IMAGES

President Trump announced his campaign for a second term at a rally in Orlando on Tuesday evening that recounted his first-term record and 2016 victory before thousands of rapturous supporters. The only thing missing was an agenda for 2020.

The most striking fact of his speech was how backward looking it was. Every incumbent needs to remind voters of his record, Mr. Trump more than most because the media are so hostile.

Donald Trump Launches Campaign

The President is also right that his opponents have refused to recognize the legitimacy of his election. House Democrats may still try to impeach him for not obstructing an investigation into what wasn’t a conspiracy with Russia. His sense of “grievance,” to quote the media meme about his speech, on that point is entirely justified.

Yet Mr. Trump is asking for four more years, and his preoccupation with vindicating 2016 won’t resonate much beyond his core supporters. Most voters have moved on from 2016, which is why a majority opposes impeachment in every poll. They don’t much care about Mr. Trump’s greatest hits about Hillary Clinton, who alas for the President will not be on the ballot in 2020. They want to know why they should take a risk on Mr. Trump and his volatile character for another term.

This is all the more important given the way his first term has evolved on policy. One paradox is that his main policy successes have come from pursuing a conventional conservative agenda. The failures have been on the issues like trade and immigration that are the most identified with Trumpian disruption.

The economy’s renewed growth spurt came from tax reform, deregulation, liberating energy production and ending the anti-business harassment of the Obama years. His remaking of the judiciary and rebuilding of the military unite Republicans of all stripes. Criminal justice reform was the result of years of spade work on the right and left.

Mr. Trump deserves credit for pursuing all of this despite often ferocious opposition that might have intimidated a different GOP President. That’s true in particular of his withdrawal from the Iran nuclear deal and the Paris climate accord, where U.S. Democratic and media opinion is aligned with Europe’s elites.

On immigration, however, the President missed a chance to strike a deal trading more border security (including his wall) for legalizing Dreamers. He must now confront the asylum crisis at the border with no help from Democrats. On trade, Mr. Trump has disrupted global rules but has put nothing new and stable in their place. Asking voters to believe he’ll do better on these issues in a second term isn’t likely to turn many swing voters his way.

The other paradox of the Trump Presidency is his low approval rating despite a stronger economy. The polls show his approval rating on the economy is above 50% but his overall approval is 44.3% in the Real Clear Politics average. The difference is best explained by Mr. Trump’s polarizing behavior, which has alienated in particular college-educated voters and Republican women. In the latest Wall Street Journal-NBC poll, Mr. Trump is underwater with white college-educated women by a remarkable 20 percentage points.

Mr. Trump may figure he can persuade some of those skeptics by making the Democratic nominee even more unpopular than he is. If the Democrats oblige by nominating Bernie Sanders or Elizabeth Warren, that might be possible. But that is making a bet on the other party’s mistake, and a re-election campaign is typically a referendum on the incumbent.

Which is all the more reason to offer voters something more for a second term. He could put Democrats on the spot for high housing prices and homelessness by talking about restrictive zoning for elites and high property taxes. He could offer to reform higher education by making schools responsible for some of the debt of students who can’t repay loans, or invigorate vocational education to help young people who can’t go to college.

He could package health-care proposals to expand choice, reduce prices and make insurance portable; his administration has already proposed some of them. He could advance his theme of “draining the swamp” by offering ideas to reform the civil service. We’d include entitlement reform, but then Mr. Trump has shown no interest and we don’t believe in political miracles.

This is far from an exhaustive list, and Mr. Trump won’t win as a policy wonk in any case. But Mr. Trump also won’t win by relitigating the 2016 election or playing only to his political base. He needs more than he offered voters on Tuesday night.

Opinion: Countering Trump With Reliability, Not Bold Agenda

Opinion: Countering Trump With Reliability, Not Bold Agenda
A Fox News poll has found that Democrats prefer a “steady” candidate to a “big agenda” candidate. But going up against the scale of Donald Trump will be tough, so how do frontrunners Joe Biden, Bernie Sanders and Elizabeth Warren compare? Image: Getty

‘This election is about you. Your family, your future & the fate of YOUR country’: Trump lays it on the line at 20,000-strong Orlando rally as he kicks off 2020 re-election campaign with his entire family and obligatory digs at ‘Crooked Hillary’

  • The president spent the first half-hour of a Tuesday night rally hammering his old foe Hillary Clinton 
  • Trump said his team wondered if it should hold the rally in a venue which can hold 20,000 people
  • ‘Not only did we fill it up, but we had 120,000 requests… Congratulations!’ the president said to cheers
  • The president’s daughter-in-law, Lara Trump, invited the criticism when she wound up an arena of supporters
  • Husband Eric, who spoke after her, had a crowd of more than 20,000 screaming, ‘CNN Sucks!’ 
  • ‘He loves this country and we, as a family, love this country. We’re going to fight like hell,’ Eric said 
  •  Donald Trump Jr. mocked Joe Biden before the rowdy crowd that waited in the heat and rain for hours
  • ‘He gets up on the stump. It’s so stupid,’ he said, claiming the ex-VP has four-person crowds 

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

‘The Democrats don’t care about Russia, they only care about their own political power. They went after my family, my business, my finances, my employees, almost everyone that I’ve ever known or worked with,’ he argued. ‘But they are really going after you. That’s what it’s all about. It’s not about us, it’s about you. They tried to erase your vote, erase your legacy of the greatest campaign and the greatest election probably in the history of our country.’

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend

U.S. President Donald Trump and first lady Melania Trump arrive on stage to formally kick off his re-election bid with a campaign rally in Orlando. He kicked off first official 2020 rally by claiming 120,000 people submitted requests to attend
First lady Melania Trump speaks as Trump looks on. Trump's first official campaign rally of 2020 opened much the way his 2016 candidacy ended - with his audience chanting 'Lock her Up!' in a slam on former Democratic opponent Hillary Clinton

First lady Melania Trump speaks as Trump looks on. Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Hillary Clinton

Trump's campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Trump’s campaign turned the area outside the arena that can seat 20,000 people into a festival-like atmosphere with music and food trucks to help supporters pass the time

Michael Boulos, Tiffany Trump, Lara Trump, Eric Trump, Jared Kushner, Ivanka Trump, Kimberly Guilfoyle, and Donald Trump Jr. arrive at a rally for US President Donald Trump

FLOTUS Melania introduces her husband at Trump 2020 rally

The president said, ‘They wanted to deny you the future you demanded and the future that America deserved and that now America is getting. Our radical Democrat opponents are driven by hatred, prejudice and rage. They want to destroy you, and they want to destroy our country as we know it. Not acceptable, it’s not going to happen. Not gonna happen.’

Trump claimed that Democrats as a party would use the ‘power of the law to punish their opponents’ if they’re handed the reigns to the country.

‘Imagine if we had a Democrat president and a Democrat Congress in 2020. They would shut down your free speech, use the power of the law to punish their opponents – which they’re trying to do now anyway – they’ll always be trying to shield themselves,’ he claimed. ‘They will strip Americans of their Constitutional rights while flooding the country with illegal immigrants in the hopes it will expand their political base and they’ll get votes someplace down the future. That’s what it’s about.’

Broad attacks on the Democratic Party and ‘radical socialism’ were the most stringent assaults that Trump would levy all night.

He said, ‘More than 120 Democrats in Congress have also signed up to support “Crazy Bernie Sanders” socialist government takeover of health care.

‘He seems not to be doing too well lately,’ the president said as an aside. ‘They want to end Medicare as we know it and terminate the private health insurance of 180 million Americans who love their health insurance. America will never be a socialist country.’

It was his only mention at the rally of one of his most formidable opponents. Former Democratic President Joe Biden was also a footnote in the speech, earning two mentions, as a part of the ‘Obama-Biden’ duo that Trump said ruined American foreign policy and drove down the nation’s economy.

‘Remember the statement from the previous administration? Would need a magic wand to bring back manufacturing? Well, tell “Sleepy Joe” that we found the magic wand. That’s a sleepy guy,’ the president added.

Trump outlined his vision tweeting: ‘Don’t ever forget – this election is about YOU. It is about YOUR family, YOUR future, & the fate of YOUR COUNTRY. We begin our campaign with the best record, the best results, the best agenda, & the only positive VISION for our Country’s future! #Trump2020’

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

The Trumps said their family has been under attack since the family patriarch declared his candidacy for president in 2015. Jared Kushner, left, Ivanka Trump arrive for the official launch of the Trump 2020 campaign

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking leading Democratic candidate Joe Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president. Kimberly Guilfoyle, left, and Donald Trump Jr. pictured

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Senior adviser Jared Kushner, Ivanka Trump and Kimberly Guilfoyle, watch as President Donald Trump speaks at his re-election kickoff rally at the Amway Center

Trump rails against Democrats, Mueller and ‘fake news’ at 2020 rally
Trump’s first official campaign rally of 2020 opened much the way his 2016 candidacy ended – with his audience chanting ‘Lock her Up!’ in a slam on former Democratic opponent Clinton.

The president’s daughter-in-law, Lara Trump, invited the criticism first. She wound up an arena of supporters with a claim that the media was saying Clinton was going to be the 45th President of the United States days before the election. ‘They have always been wrong,’ she declared.

Attacks on the media as ‘fake news’ and ‘dishonest’ from Lara and her husband Eric, who spoke after her, had a crowd of more than 20,000 screaming ‘CNN Sucks!’ minutes later.

The Trumps said their family has been under attack from one group or another since the family patriarch declared his candidacy for president in 2015.

‘He loves this country and we, as a family, love this country. And guys we are going to fight like hell – our family is going to fight like hell for this country. We will never ever stop fighting, and we will never ever, ever stop winning,’ the president’s son said. ‘And guys, we love you very much. We’re all going to be spending a lot of time in Florida. We’re going to be spending a lot of time in Florida. So we’re going to see you.’

Donald Trump Jr. channeled his attacks to his father’s current opponents, mocking Biden before the rowdy crowd that waited in the heat and rain for hours, and days in some cases, to see the sitting president.

‘I don’t know about you, but I look around this room and when Joe Biden’s putting about seven people in an audience, I’m saying, “I think they may be a little wrong with the polling.” But what they hell do I know?’ he said.

National polls show Biden beating Trump in a general election. A Quinnipiac University survey that came out Tuesday found that the former vice president would beat Trump by nine points, 50 – 41, the newly-released poll showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error.

Trump campaign manager Brad Parscale told DailyMail.com inside the rally that Quinnipiac is ‘c**p’ in response to the latest poll showing bad news in a critical swing state for the controversial president.

Trump had already warned the public that this official launch of 2020 campaign would be 'wild,' after supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

US First Lady Melania Trump greets US Vice President Mike Pence. Trump set the tone for the monster rally in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Lara Trump takes to the stage before her father-in-law United States President Donald Trump arrives on stage to announce his candidacy for a second presidential term at the Amway Center

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Donald Trump Jr. throws hats to supporters at the rally. He mocked Joe Biden before the rowdy crowd that waited for hours

Trump attacks Democrats at his Orlando rally
Don Jr. brushed off the threat from Biden, 76, as he campaigned for his father, 73, on Tuesday in Orlando. He called Biden and his competitors a ‘clown show’ and gave the Democrat a new nickname. ‘Sloppy Joe,’ he called him, as he hit Biden for flip-flopping.

‘He gets up on the stump. It’s so stupid,’ he said. ‘To his group of about four people in the audience, “Government has failed you.” Usually, as he’s groping someone. It ain’t pretty, but there’s something off with that guy.’

The president’s son said he agrees that government is broken and it’s a problem. ‘The problem is Joe, you’ve been in government for almost 50 years. If government failed you, maybe you’re the problem Joe Biden,’ he said. ‘It’s not rocket science.’

Trump warned the public that the campaign rally would be ‘wild,’ and Don Jr. helped him deliver on the pledge.

He mocked Biden’s pledge to cure cancer, asking, ‘Why the hell didn’t you do that over the last 50 years, Joe?’

Don Jr. blamed the media for giving Biden a pass. ‘Why did not one of them say, “Well, Joe, how exactly are you going to do that?” And why didn’t you do that in the last eight years as vice president and the prior 40 years in government and the Senate?’

His father later claimed that he’d cure cancer in remarks that followed. ‘We will push onward with new medical frontiers. We will come up with the cures to many, many problems, to many, many diseases, including cancer and others and we’re getting closer all the time,’ he said.

Attacks on Clinton and media were a common theme throughout the night, with Trump pausing and waiting for his supporters to cheer, ‘CNN SUCKS!’ and ‘Lock her Up!’ as he talked about the former secretary of state’s acid-washed emails and her loss to him in the last election.

‘It was all an illegal attempt to overturn the results of our election, spy on our campaign, which is what they did,’ he complained.

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Trump meets fans after stepping off Air Force One upon arrival at Miami International Airport in Miami

Vice President Mike Pence, escorted in by Karen Pence, speaks before Trump takes the stage on Tuesday evening

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

A man holds up a sign as the crowd waits for US President Donald Trump to arrive at a rally at the Amway Center in Orlando, Florida to officially launch his 2020 campaign

Melania's spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

Melania’s spokesperson Stephanie Grisham speaks with White House senior advisor Kellyanne Conway at the campaign rally

President Trump said as he opened the event that he could feel the ‘magic’ in Orlando – a play on the name of the city’s professional basketball team.

He spoke to supporters in the same arena that the team plays in, which is a venue that can hold roughly 20,000 people.

‘You know, I said, “This is a very big arena for a Tuesday night.” I said, “You know, if we have about three or four empty seats, the fake news will say – headlines: he didn’t fill up the arena.” So I said maybe we shouldn’t take the chance, maybe we shouldn’t go to Orlando, maybe we should go someplace else,’ Trump said in his opening remarks. ‘I said, “No, I think we’ll go to Orlando.” And, not only did we fill it up, but we had 120,000 requests. That means you folks have come out very, very good.’

Supporters camped out in tents for more than 30 hours to save their places at the front of a massive line that would ensure them floor seats at Tuesday evening’s show.

Saundra Kiczenski, a Michigan native who works in retail, waited from 7am on Monday. She said she’d been to rallies in support of the president in 15 states. She spent Monday night on the pavement in a sleeping bag.

‘I took the hotel pillow and slept on the ground,’ she told DailyMail.com on Tuesday afternoon as she waited to get in.

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he tweeted on Tuesday morning.

A cover band with aging rockers who call themselves ‘The Guzzlers’ revved up the crowd under a beating sun at a ‘festival’ the campaign held in an outdoor parking lot, where vendors sold a captive and cramped group sodas, snow cones and Trump umbrellas.

Sweltering heat that topped 87 degrees soon turned to pouring rain, giving the umbrellas a dual purpose for supporters like Richard Snowden who chose to remain.

A resident of Las Vegas, Nevada, Snowden said he’d be ‘remiss’ to have skipped the kickoff. He told DailyMail.com from the comfort of a party-style tent his group had pitched that he’d attended 54 rallies since Trump announced his candidacy for office in 2015.

But even Snowden called himself a pragmatist and said of the president’s reelection odds, ‘I don’t think it’s going to be a cakewalk.’

‘The incumbency will help. He won’t catch them flat-footed this time,’ he observed, as he waited for the rally to begin. ‘And he won’t have the dislike of Hillary working in his favor,’ he said in remarks that proved to prescient.

The Republican incumbent set the tone for the monster rally in Florida he'd be appearing at in the evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

 

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

The US President and First Lady Melania Trump are pictured stepping off Air Force One upon arrival at Orlando International Airport in Orlando, Florida Tuesday

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport

Michael Boulos and Tiffany Trump wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport in Orlando

Special advisor to the US president Jared Kushner and White House Press Secretary Sarah Huckabee Sanders, left, and Michael Boulos and Tiffany Trump, right, wait for the arrival of US President Donald Trump and First Lady Melania Trump at Orlando International Airport on Tuesday

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be 'wild,' after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Donald Trump is putting an advisory on his Orlando rally, saying the official launch of 2020 campaign will be ‘wild,’ after supporters camped out in tents to save their places in line like they were waiting in line for a free concert with Rihanna

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Supporters of President Donald Trump wait in line hours before the arena doors open for a campaign rally Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

Determined: The early start was an attempt by the fanatical Trump backers to be at the front of the crowd for the campaign kick-off

https://www.dailymail.co.uk/news/article-7156179/Trumps-2020-kickoff-features-media-bashing-attacks-Joe-Biden-old-foe-Hillary-Clinton.html

 

Trump, in 2020 campaign mode, calls Democrats ‘radical’

today

President Donald Trump jabbed at the press and poked the political establishment he ran against in 2016 as he kicked off his reelection campaign with a grievance-filled rally focused more on settling scores than laying out his agenda for a possible second term.

Addressing a crowd of thousands at Orlando’s Amway Center on Tuesday night, Trump complained he was “under assault from the very first day” of his presidency by a “fake news media” and an “illegal witch hunt” that had tried to keep him and his supporters down.

He painted a disturbing picture of what life would look like if he loses in 2020, accusing his critics of “un-American conduct” and saying Democrats “want to destroy you and they want to destroy our country as we know it.”

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism and the destruction of the American dream,” he said. Trump made only passing mention of any of the Democrats running to replace him even as he tossed out “radical” and “unhinged” to describe the rival party.

Trump has long railed against the special counsel’s investigation into Russian meddling in the 2016 election and the ongoing probes by House Democrats in the aftermath of Robert Mueller’s report .

President Donald Trump officially kicked off his re-election campaign Tuesday with a grievance-filled Florida rally. "We're going to keep it better than ever before," he declared. (June 18)

The apocalyptic language and finger-pointing made clear that Trump’s 2020 campaign will probably look a whole lot like his run three years ago. Even after two-and-a-half years in the Oval Office, Trump remains focused on energizing his base and offering himself as a political outsider running against Washington.

Republican Party Chairwoman Ronna McDaniel tweeted Wednesday morning that Trump had raised $24.8 million in less than 24 hours for his reelection.

In his speech, Trump spent considerably more time focused on former Democratic rival Hillary Clinton than on his current 2020 challengers, even though she is not on the ballot.

Thousands of Trump supporters began gathering outside the arena on Monday.

“Trump has been the best president we’ve ever had,” said Ron Freitas, a retired Merchant Marine and registered Democrat from Orlando.

Hundreds of anti-Trump protesters clapped and took photos when a 20-foot (6-meter) blimp of a snarling Trump baby in a diaper was inflated. Some members of the far-right hate group Proud Boys were also spotted marching outside the rally.

Trump aides scheduled the kickoff near the four-year anniversary of the day when the former reality television star and New York tabloid fixture launched his longshot campaign for president with a famous escalator ride in front of a crowd that included paid actors.

Trump spoke fondly of his 2016 race, calling it “a defining moment in American history.” He said that in the years since, he had upended Washington, staring down “a corrupt and broken political establishment” and restoring a government “of, for and by the people.”

He never has really stopped running. He filed for reelection on Jan. 20, 2017, the day of his inauguration, and held his first 2020 rally in February, 2017, in nearby Melbourne. He has continued holding his signature “Make America Great Again” rallies in the months since.

Trump asked the crowd whether he should stick with “Make America Great Again” or upgrade his slogan. His new one — “Keep America Great” — was greeted with boisterous cheers.

Trump is hoping to replicate the dynamics that allowed him to take charge of the Republican Party and then the presidency as an insurgent intent on disrupting the status quo. In 2016, he successfully appealed to disaffected voters who felt left behind by economic dislocation and demographic shifts. He has no intention of abandoning that mantle, even if he is the face of the institutions he looks to disrupt.

The president underscored that on the eve of the rally in must-win Florida, returning to the hardline immigration themes of his first campaign by tweeting that next week, Immigration and Customs Enforcement “will begin the process of removing the millions of illegal aliens who have illicitly found their way into the United States.”

That promise, which came with no details and sparked Democratic condemnation, seemed to offer a peek into a campaign that will largely be fought along the same lines as his first bid, with very few new policy proposals for a second term.

Early Democratic front-runner Joe Biden said Trump’s politics are “all about dividing us” in ways that are “dangerous — truly, truly dangerous.”

Another leading Democratic contender, Vermont Sen. Bernie Sanders, said Trump had delivered “an hour-and-a-half speech of lies, distortions and total, absolute nonsense.”

But those involved in the president’s reelection effort believe his version of populism, combined with his mantra to “Drain the Swamp,” still resonates, despite his administration’s ties with lobbyists and corporations and the Trump family’s apparent efforts to profit off the presidency.Critics have pointed out his constant promotion for his golf courses, both at home and abroad, and note that this daughter, White House senior aide Ivanka Trump, made $4 million last year from her stake in the president’s Washington hotel, which has become a favored destination for foreign nationals looking to curry favor with the administration.

Advisers believe that, in an age of extreme polarization, many Trump backers view their support for the president as part of their identity, one not easily shaken. They point to his seemingly unmovable support with his base supporters as evidence that he is still viewed the same way he was as a candidate: a political rebel.

Trump tried to make the case that he had made good on his 2016 promises, including cracking down on illegal immigration and boosting jobs.

Near the rally’s end, Trump ran through a list of promises for a second term, pledging a new immigration system, new trade deals, a health care overhaul and a cure for cancer and “many diseases,” including eradicating AIDS in America.

https://apnews.com/947182a691e6498ca4488e9fc8f9e4b5

President Trump spent a Tuesday night rally he’d advertised as a 2020 kickoff hammering his old foe Hillary Clinton for acid washing her emails and failing to deliver on her pledge to beat him, while Democrats vying for the party’s nomination now escaped his wrath.

Noting that he’s under constant media scrutiny, Trump said that he’d be sent to the slammer if he ordered aides to destroy potential evidence.

‘But, can you imagine if I got a subpoena, think of this, if I got a subpoena for emails, if I deleted one email like a love note to Melania, it’s the electric chair for Trump,’ he claimed in a campaign speech in Orlando.

Trump said subpoenas he’s receiving are not about Democratic claims that his campaign may have colluded with Russia.

 

A sunshine state of mind! Melania and Donald Trump gaze lovingly at one another as they leave the White House hand-in-hand and head to Florida for the president’s 2020 rally

  • Trump, 73, and Melania, 49, departed the White House together on Tuesday to fly to Florida
  • The President will be officially launching his 2020 campaign with a rally at the Amway Center
  • The first lady wore a summery $2,290 white eyelet Andrew Gin dress with a pair of red and white polka-dot heels
  • She grinned at her husband as they walked hand-in-hand to Marine One
  • Melania is not expected to speak at the event, which will include an estimated 20,000 people

Donald and Melania Trump had a rare romantic public moment on Tuesday as the two left the White House for Orlando, Florida.

The President and first lady walked hand-in-hand across the South Lawn of the White House before boarding Marine One on their way to Trump’s 2020 campaign kickoff rally.

Cameras caught the couple sharing a warm smile as they held onto each other, Trump, 73, dressed in a navy suit and red tie and his 49-year-old wife took advantage of the June heat in a $2,290 summery white eyelet dress from Andrew Gin, and red polka-dot heels.

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

All smiles: Donald and Melania Trump held hands and beamed at one another as they walked across the White House lawn to begin their trip to Orlando, Florida, on Tuesday

Ready to get away! The 49-year-old first lady couldn't wipe the smile off her face as she and the president strolled across the South Lawn

Ready to get away! The 49-year-old first lady couldn’t wipe the smile off her face as she and the president strolled across the South Lawn

On their way: They appeared to be in good spirits as they set out for Orlando, Florida+19

On their way: They appeared to be in good spirits as they set out for Orlando, Florida

Hands on: At one point, Trump clasped one of Melania's hands in both of his own+19

Hands on: At one point, Trump clasped one of Melania’s hands in both of his own

The couple isn’t typically much for PDA but shared an intimate smile as they walked passed photographers.

They held each other’s hands, with Trump stopping at one point in order to clasp Melania’s left hand in both of his own.

Melania beat the heat, which is hovering in the mid-to-high 80s in Washington, D.C. today, in a breezy but figure-flaunting white sleeveless dress, which featured a seasonally appropriate eyelet patter with floral cutouts on the top.

She accessorized with a pair of dark sunglasses and red and white pointy-toe pumps. while wearing her brown hair blown out around her shoulders.

The couple, who married in 2005, celebrated their 14th wedding anniversary in January, just one year less than he was married to his first wife Ivana.

The couple grinned as they boarded Marine One and then switched planes for Air Force One at Andrews Air Force Base in Maryland.

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s+19

Hot out here: Melania wore a summery white eyelet dress for the occasion, as temperatures soared into the high 80s

Protection: She shielded her eyes behind a pair of sunglasses+19

Protection: She shielded her eyes behind a pair of sunglasses

High heels: On her feet were a pair of red polka dot pointy-toe pumps+19

High heels: On her feet were a pair of red polka dot pointy-toe pumps

Ready to go: The well-coiffed first lady had her hair and nails done+19

Ready to go: The well-coiffed first lady had her hair and nails done

They’re flying down not to Mar-a-Lago but Orlando, where Trump is kicking off his 2020 presidential campaign at the Amway Center in front of an estimated 20,000 people.

Trump’s campaign is transforming the area outside the arena to have a festival-like atmosphere, with music and food trucks to help supporters pass the time.

The most coveted positions are not seats at all, but standing positions near the front of the stage. Backers of the president in that area are likely to get a handshake, a selfie or Trump’s autograph at the event that formally marks the beginning of his campaign for a second term.

All of Trump’s children and his wife Melania will be with him at the event, sources told DailyMail.com, as will the Mike Pence, the president’s running mate and the nation’s vice president.

The first lady does not plan to make formal remarks on Tuesday night, her office said, but given the president’s tendency to call on people to speak, she could end up addressing the crowd.

Donald Trump, Jr., on the other hand is expected to give remarks before the rally.

Beat the heat: Melania kept breezy in the lightweight dress+19

It will likely also serve her well in the Florida heat+19

Beat the heat: Melania kept breezy in the lightweight dress, which will likely also serve her well in the Florida heat

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said+19

Staying behind: The first lady does not plan to make formal remarks on Tuesday night, her office said

Change of plan? The couple's 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them+19

Change of plan? The couple’s 13-year-old son Barron is also expected to be at the rally, but was not seen traveling with them

Family affair: Trump's adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there+19

Family affair: Trump’s adult children — Ivanka, Don Jr., Eric, and Tiffany — are also expected to be there

Melania continued to smile at her husband as they switched planes at Joint Base Andrews+19

Melania continued to smile at her husband as they switched planes at Joint Base Andrews

See ya! Trump waved goodbye as they boarded the plane together+19

See ya! Trump waved goodbye as they boarded the plane together

The president’s eldest son is a frequent presence at campaign events — with and without his father — and often serves as a warm-up act for the president’s supporters. He’s also campaigned and raised money for other Republican candidates since his father entered politics.

His girlfriend Kimberly Guilfoyle, a former Fox News personality, is also scheduled to be at the rally. She serves as a senior adviser to the president’s reelection campaign.

Senior advisers and family members to the president Jared Kushner and Ivanka Trump are also expected to be at the rally.

It’s unclear if Lara Trump, wife of Eric Trump, will be in Orlando. She serves as a senior adviser to the president’s campaign, but is also pregnant with the couple’s second child. She made a state trip to the UK in early June.

It will be 13-year-old Barron Trump’s first appearance at a campaign rally since his father took office.

Trump’s youngest daughter Tiffany, who has been less involved than her older siblings in her father’s campaigns and administration, will also be there.

Orlando Trump supporters stakeout spots ahead of rally

Waiting for him: The rally will mark the official launch of 2020 campaign+19

Waiting for him: The rally will mark the official launch of 2020 campaign

Patience: Supporters waited in line hours before the arena doors opened on Tuesday+19

Patience: Supporters waited in line hours before the arena doors opened on Tuesday

Patriotic colors: Trump supporters came in red white and blue for the campaign kick-off

Wild: The Republican incumbent set the tone in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour

President Trump release his 2020 campaign ad for re-election

The Republican incumbent set the tone for the monster rally in Florida he’d be appearing at this evening in a morning tweet that bashed the media and compared the scene outside the Amway Center to a rock tour.

‘The Fake News doesn’t report it, but Republican enthusiasm is at an all time high. Look what is going on in Orlando, Florida, right now! People have never seen anything like it (unless you play a guitar). Going to be wild – See you later!’ he said.

Trump had apparently dropped a claim that ‘thousands’ turned up on Monday, with about 250 people camping overnight. But the numbers grew steadily as temperatures soared in Orlando Tuesday, reaching 87 degrees before an hour-long downpour that soaked a waiting crowd.

A new Quinnipiac poll showed Trump losing Florida to Democratic nemesis Joe Biden. The former vice president would beat Trump by nine points, 50 – 41 per cent, the newly-released survey showed.

Vermont Sen. Bernie Sanders would win by a similar margin, 48 – 42, while other top Democrats would perform in the poll’s margin of error

https://www.dailymail.co.uk/femail/article-7155853/Melania-Trump-smiles-warmly-husband-depart-Orlando-campaign-kickoff-rally.html

 

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The Pronk Pops Show 931, July 19, 2017, Story 1: “Obamacare Failed” Says President Trump — Wants Obamacare Completely  Repealed and Replaced Sooner or Later — Obama Lied To American People — Does President Trump Understand The Relationship Between Pre-existing Conditions, Guaranteed Issue, Community Rating and Adverse Selection — Many Doubt Trump Really Understands The Relationship That Is The Real Reason Obamacare Was Designed To Fail From The Beginning So It Could Be Replaced By Single Payer Government Health Care — Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 931,  July 19, 2017

Pronk Pops Show 930,  July 18, 2017

Pronk Pops Show 929,  July 17, 2017

Pronk Pops Show 928,  July 13, 2017

Pronk Pops Show 927,  July 12, 2017

Pronk Pops Show 926,  July 11, 2017

Pronk Pops Show 925,  July 10, 2017

Pronk Pops Show 924,  July 6, 2017

Pronk Pops Show 923,  July 5, 2017

Pronk Pops Show 922,  July 3, 2017 

Pronk Pops Show 921,  June 29, 2017

Pronk Pops Show 920,  June 28, 2017

Pronk Pops Show 919,  June 27, 2017

Pronk Pops Show 918,  June 26, 2017 

Pronk Pops Show 917,  June 22, 2017

Pronk Pops Show 916,  June 21, 2017

Pronk Pops Show 915,  June 20, 2017

Pronk Pops Show 914,  June 19, 2017

Pronk Pops Show 913,  June 16, 2017

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Pronk Pops Show 911,  June 14, 2017

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Pronk Pops Show 900,  May 25, 2017

Pronk Pops Show 899,  May 24, 2017

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Pronk Pops Show 897,  May 22, 2017

Pronk Pops Show 896,  May 18, 2017

Pronk Pops Show 895,  May 17, 2017

Pronk Pops Show 894,  May 16, 2017

Pronk Pops Show 893,  May 15, 2017

Pronk Pops Show 892,  May 12, 2017

Pronk Pops Show 891,  May 11, 2017

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Pronk Pops Show 889,  May 9, 2017

Pronk Pops Show 888,  May 8, 2017

Pronk Pops Show 887,  May 5, 2017

Pronk Pops Show 886,  May 4, 2017

Pronk Pops Show 885,  May 3, 2017

Pronk Pops Show 884,  May 1, 2017

Pronk Pops Show 883 April 28, 2017

Pronk Pops Show 882: April 27, 2017

Pronk Pops Show 881: April 26, 2017

Pronk Pops Show 880: April 25, 2017

Pronk Pops Show 879: April 24, 2017

Pronk Pops Show 878: April 21, 2017

Pronk Pops Show 877: April 20, 2017

Pronk Pops Show 876: April 19, 2017

Pronk Pops Show 875: April 18, 2017

Pronk Pops Show 874: April 17, 2017

Pronk Pops Show 873: April 13, 2017

Pronk Pops Show 872: April 12, 2017

Pronk Pops Show 871: April 11, 2017

Pronk Pops Show 870: April 10, 2017

Pronk Pops Show 869: April 7, 2017

Pronk Pops Show 868: April 6, 2017

Pronk Pops Show 867: April 5, 2017

Pronk Pops Show 866: April 3, 2017

Image result for cartoons trump on obamacare failure

Image result for cartoons trump on obamacare failure

Image result for cartoons Obamacare has failed

Image result for cartoons trump on obamacare failure

Image result for cartoons trump on obamacare failure

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Image result for cartoons trump on obamacare failure

 

Image result for Obamacare has failed

Image result for cartoons trump on obamacare failure

Story 1: “Obamacare Failed” Says President Trump — Wants Obamacare Completely  Repealed and Replaced Sooner or Later — Obama Lied To American People — Does President Trump Understand The Relationship Between Pre-existing Conditions, Guaranteed Issue, Community Rating and Adverse Selection — Many Doubt Trump Really Understands The Relationship That Is The Real Reason Obamacare Was Designed To Fail From The Beginning So It Could Be Replaced By Single Payer Government Health Care — Videos

Trump Warns GOP Senators; 7-19-2017

MUST WATCH: President Trump Reacts to GOP Healthcare Bill Collapse – “Let ObamaCare Fail” (FNN)

LIMBAUGH: If We REPEAL Obamacare, “It’s The WILD WEST”

Rand Paul on Failed Healthcare Bill | Repealing Obamacare

Sen. Rand Paul Still Wants a Clean Repeal of Obamacare

Senator Mike Lee: Trump is right. repeal Obamacare now, replace later

Richard Epstein: Obamacare’s Collapse, the 2016 Election, & More

Richard Epstein – Obama Explained

Health Care 2: Can Congress Force Individuals to Buy Insurance?

Richard Epstein on Health Care Reform

The Truth Behind the Affordable Care Act – Learn Liberty

Is Obamacare Working? The Affordable Care Act Five Years Later

Why Is Healthcare So Expensive?

Why Is U.S. Health Care So Expensive?

Milton Friedman on universal health care

Milton Friedman on Medical Care (Full Lecture)

Professor Richard Epstein tribute to Milton Friedman

Does Trump Even Know What A Pre-Existing Conditions Is??

Here’s Why the Epic Health Care Reform Disaster Occurred

Here’s Why the Epic Health Care Reform Disaster Occurred

Will I pay more for insurance if I have a pre-existing condition under Obamacare?

Hume: Trump’s scenario for ObamaCare ‘politically nuts’

Obama’s Health Plan In 4 Minutes

How ObamaCare has been a financial failure

We Now Have Proof Obamacare Was Designed to Fail… and Here’s Why

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The Pronk Pops Show 791, November 7, 2016, Story 1: Trump Tidal Wave Warning: American People Give Trump A 5% Margin Popular Vote Mandate — Pronk Prediction: 50% Trump vs. 45% Clinton — Trump 275 Electoral Votes vs. Clinton 263 Electoral Votes — Trump Wins Florida, Ohio, and Pennsylvania Becomes President Elect Trump — Narcissist Capitalist Leader In — Narcissist Socialist Appeaser Out — Do Not Blame Me I Elected The George Carlin Option — Videos — Story 2: FBI Director James Comey’s Letters — Return To Sender — FBI Investigations Of Hillary Clinton Are Not Over — Public Corruption Using State Department and Clinton Foundation Investigation Ongoing and Expanding — Videos

Posted on November 7, 2016. Filed under: 2016 Presidential Campaign, 2016 Presidential Candidates, American History, Applications, Benghazi, Blogroll, Breaking News, Bribery, Cartoons, Communications, Computers, Congress, Constitutional Law, Countries, Crime, Culture, Donald J. Trump, Donald J. Trump, Donald Trump, Donald Trump, Economics, Education, Fast and Furious, Federal Bureau of Investigation (FBI), Foreign Policy, Fourth Amendment, Government, Government Dependency, Government Spending, Hardware, High Crimes, Hillary Clinton, Hillary Clinton, Hillary Clinton, History, House of Representatives, Human, Illegal Immigration, Immigration, Impeachment, Independence, Iran Nuclear Weapons Deal, IRS, Law, Legal Immigration, Life, Media, Mike Pence, News, Obama, Philosophy, Photos, Politics, Polls, Radio, Raymond Thomas Pronk, Scandals, Second Amendment, Senate, Servers, Software, Success, Taxation, Taxes, Terror, Terrorism, Unemployment, United States Constitution, United States of America, Videos, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 791: November 7, 2016

Pronk Pops Show 790: November 4, 2016

Pronk Pops Show 789: November 3, 2016

Pronk Pops Show 788: November 2, 2016

Pronk Pops Show 787: October 31, 2016

Pronk Pops Show 786: October 28, 2016

Pronk Pops Show 785: October 27, 2016

Pronk Pops Show 784: October 26, 2016 

Pronk Pops Show 783: October 25, 2016

Pronk Pops Show 782: October 24, 2016

Pronk Pops Show 781: October 21, 2016

Pronk Pops Show 780: October 20, 2016

Pronk Pops Show 779: October 19, 2016

Pronk Pops Show 778: October 18, 2016

Pronk Pops Show 777: October 17, 2016

Pronk Pops Show 776: October 14, 2016

Pronk Pops Show 775: October 13, 2016

Pronk Pops Show 774: October 12, 2016

Pronk Pops Show 773: October 11, 2016

Pronk Pops Show 772: October 10, 2016

Pronk Pops Show 771: October 7, 2016

Pronk Pops Show 770: October 6, 2016

Pronk Pops Show 769: October 5, 2016 

Pronk Pops Show 768: October 3, 2016

Pronk Pops Show 767: September 30, 2016

Pronk Pops Show 766: September 29, 2016

Pronk Pops Show 765: September 28, 2016

Pronk Pops Show 764: September 27, 2016

Pronk Pops Show 763: September 26, 2016

Pronk Pops Show 762: September 23, 2016

Pronk Pops Show 761: September 22, 2016

Pronk Pops Show 760: September 21, 2016

Pronk Pops Show 759: September 20, 2016

Pronk Pops Show 758: September 19, 2016

Pronk Pops Show 757: September 16, 2016

Pronk Pops Show 756: September 15, 2016

Pronk Pops Show 755: September 14, 2016

Pronk Pops Show 754: September 13, 2016

Pronk Pops Show 753: September 12, 2016

Pronk Pops Show 752: September 9, 2016

Pronk Pops Show 751: September 8, 2016

Pronk Pops Show 750: September 7, 2016

Pronk Pops Show 749: September 2, 2016

Pronk Pops Show 748: September 1, 2016

Pronk Pops Show 747: August 31, 2016

Pronk Pops Show 746: August 30, 2016

Pronk Pops Show 745: August 29, 2016

Pronk Pops Show 744: August 26, 2016

Pronk Pops Show 743: August 25, 2016

Pronk Pops Show 742: August 24, 2016

Pronk Pops Show 741: August 23, 2016

Pronk Pops Show 740: August 22, 2016

Pronk Pops Show 739: August 18, 2016

Pronk Pops Show 738: August 17, 2016

Pronk Pops Show 737: August 16, 2016

Pronk Pops Show 736: August 15, 2016

Pronk Pops Show 735: August 12, 2016

Pronk Pops Show 734: August 11, 2016

Pronk Pops Show 733: August 9, 2016

Pronk Pops Show 732: August 8, 2016

Pronk Pops Show 731: August 4, 2016

Pronk Pops Show 730: August 3, 2016

Pronk Pops Show 729: August 1, 2016

Story 1: Trump Tidal Wave Warning: American People Give Trump A 5% Margin Popular Vote Mandate  — Pronk Prediction:  50% Trump vs. 45% Clinton — Trump 275 Electoral  Votes vs. Clinton 263 Electoral  Votes — Trump Wins Florida, Ohio, and Pennsylvania Becomes President Elect Trump — Narcissist Capitalist Leader In — Narcissist Socialist Appeaser Out — Do Not Blame Me I Elected The George Carlin Option — Videos

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Latest Polls

s
Monday, November 7
Race/Topic   (Click to Sort) Poll Results Spread
General Election: Trump vs. Clinton vs. Johnson vs. Stein Bloomberg Clinton 44, Trump 41, Johnson 4, Stein 2 Clinton +3
General Election: Trump vs. Clinton vs. Johnson vs. Stein IBD/TIPP Tracking Clinton 41, Trump 43, Johnson 6, Stein 2 Trump +2
General Election: Trump vs. Clinton vs. Johnson vs. Stein CBS News Clinton 45, Trump 41, Johnson 5, Stein 2 Clinton +4
General Election: Trump vs. Clinton vs. Johnson vs. Stein FOX News Clinton 48, Trump 44, Johnson 3, Stein 2 Clinton +4
General Election: Trump vs. Clinton vs. Johnson vs. Stein ABC/Wash Post Tracking Clinton 47, Trump 43, Johnson 4, Stein 1 Clinton +4
General Election: Trump vs. Clinton vs. Johnson vs. Stein Monmouth Clinton 50, Trump 44, Johnson 4, Stein 1 Clinton +6
General Election: Trump vs. Clinton vs. Johnson vs. Stein Rasmussen Reports Clinton 45, Trump 43, Johnson 4, Stein 2 Clinton +2
General Election: Trump vs. Clinton vs. Johnson vs. Stein NBC News/SM Clinton 47, Trump 41, Johnson 6, Stein 3 Clinton +6
General Election: Trump vs. Clinton Bloomberg Clinton 46, Trump 43 Clinton +3
General Election: Trump vs. Clinton LA Times/USC Tracking Clinton 43, Trump 48 Trump +5
General Election: Trump vs. Clinton CBS News Clinton 47, Trump 43 Clinton +4
General Election: Trump vs. Clinton IBD/TIPP Tracking Clinton 43, Trump 42 Clinton +1
General Election: Trump vs. Clinton FOX News Clinton 48, Trump 44 Clinton +4
General Election: Trump vs. Clinton ABC/Wash Post Tracking Clinton 49, Trump 46 Clinton +3
General Election: Trump vs. Clinton Monmouth Clinton 50, Trump 44 Clinton +6
General Election: Trump vs. Clinton NBC News/SM Clinton 51, Trump 44 Clinton +7
Florida: Trump vs. Clinton vs. Johnson vs. Stein Quinnipiac Clinton 46, Trump 45, Johnson 2, Stein 1 Clinton +1
Florida: Trump vs. Clinton vs. Johnson vs. Stein Trafalgar Group (R) Clinton 46, Trump 50, Johnson 2, Stein 1 Trump +4
Florida: Trump vs. Clinton vs. Johnson vs. Stein Opinion Savvy Clinton 48, Trump 46, Johnson 3, Stein 1 Clinton +2
Ohio: Trump vs. Clinton vs. Johnson vs. Stein Emerson Trump 46, Clinton 39, Johnson 7, Stein 3 Trump +7
North Carolina: Trump vs. Clinton vs. Johnson NY Times/Siena Trump 44, Clinton 44, Johnson 3 Tie
North Carolina: Trump vs. Clinton vs. Johnson Quinnipiac Trump 45, Clinton 47, Johnson 3 Clinton +2
Nevada: Trump vs. Clinton vs. Johnson Emerson* Trump 46, Clinton 47, Johnson 4 Clinton +1
Nevada: Trump vs. Clinton vs. Johnson Remington Research (R) Trump 46, Clinton 45, Johnson 3 Trump +1
New Mexico: Trump vs. Clinton vs. Johnson vs. Stein Zia Poll Clinton 46, Trump 44, Johnson 6, Stein 1 Clinton +2
New Hampshire: Trump vs. Clinton vs. Johnson vs. Stein Emerson Clinton 45, Trump 44, Johnson 5, Stein 3 Clinton +1
New Hampshire: Trump vs. Clinton vs. Johnson vs. Stein WMUR/UNH Clinton 49, Trump 38, Johnson 6, Stein 1 Clinton +11
Missouri: Trump vs. Clinton vs. Johnson vs. Stein Emerson Trump 47, Clinton 41, Johnson 7, Stein 2 Trump +6
Virginia: Trump vs. Clinton Christopher Newport Univ.* Clinton 48, Trump 42 Clinton +6
Florida Senate – Rubio vs. Murphy Quinnipiac Rubio 50, Murphy 43 Rubio +7
North Carolina Senate – Burr vs. Ross NY Times/Siena Burr 46, Ross 45 Burr +1
North Carolina Senate – Burr vs. Ross Quinnipiac Burr 47, Ross 47 Tie
Nevada Senate – Heck vs. Cortez Masto Emerson Cortez Masto 48, Heck 47 Cortez Masto +1
New Hampshire Senate – Ayotte vs. Hassan Emerson Ayotte 49, Hassan 46 Ayotte +3
New Hampshire Senate – Ayotte vs. Hassan WMUR/UNH Ayotte 45, Hassan 49 Hassan +4
Missouri Senate – Blunt vs. Kander Emerson Blunt 45, Kander 46 Kander +1
Ohio Senate – Portman vs. Strickland Emerson Portman 49, Strickland 28 Portman +21
North Carolina Governor – McCrory vs. Cooper NY Times/Siena Cooper 47, McCrory 46 Cooper +1
North Carolina Governor – McCrory vs. Cooper Quinnipiac Cooper 50, McCrory 47 Cooper +3
2016 Generic Congressional Vote Bloomberg Democrats 45, Republicans 48 Republicans +3
Sunday, November 6
Race/Topic   (Click to Sort) Poll Results Spread
General Election: Trump vs. Clinton vs. Johnson vs. Stein NBC News/Wall St. Jrnl Clinton 44, Trump 40, Johnson 6, Stein 2 Clinton +4
General Election: Trump vs. Clinton NBC News/Wall St. Jrnl Clinton 48, Trump 43 Clinton +5
General Election: Trump vs. Clinton vs. Johnson vs. Stein IBD/TIPP Tracking Clinton 43, Trump 44, Johnson 5, Stein 2 Trump +1
General Election: Trump vs. Clinton IBD/TIPP Tracking Clinton 45, Trump 44 Clinton +1
General Election: Trump vs. Clinton LA Times/USC Tracking Clinton 43, Trump 48 Trump +5
General Election: Trump vs. Clinton vs. Johnson vs. Stein ABC/Wash Post Tracking Clinton 48, Trump 43, Johnson 4, Stein 2 Clinton +5
General Election: Trump vs. Clinton ABC/Wash Post Tracking Clinton 49, Trump 44 Clinton +5
Florida: Trump vs. Clinton vs. Johnson vs. Stein CBS News/YouGov Clinton 45, Trump 45, Johnson 4, Stein 2 Tie
Florida: Trump vs. Clinton vs. Johnson vs. Stein Remington Research (R)* Clinton 45, Trump 48, Johnson 2, Stein Trump +3
Ohio: Trump vs. Clinton vs. Johnson vs. Stein CBS News/YouGov Trump 46, Clinton 45, Johnson 3, Stein 2 Trump +1
Ohio: Trump vs. Clinton Columbus Dispatch* Trump 47, Clinton 48 Clinton +1
Ohio: Trump vs. Clinton vs. Johnson vs. Stein Remington Research (R)* Trump 45, Clinton 44, Johnson 4, Stein Trump +1
Michigan: Trump vs. Clinton vs. Johnson vs. Stein FOX 2 Detroit/Mitchell Clinton 46, Trump 41, Johnson 7, Stein 3 Clinton +5
Virginia: Trump vs. Clinton vs. Johnson vs. Stein Remington Research (R)* Clinton 46, Trump 44, Johnson 4, Stein Clinton +2
New Mexico: Trump vs. Clinton vs. Johnson vs. Stein Albuquerque Journal Clinton 45, Trump 40, Johnson 11, Stein 3 Clinton +5
Wisconsin: Trump vs. Clinton vs. Johnson vs. Stein Remington Research (R)* Clinton 49, Trump 41, Johnson 3, Stein Clinton +8
New York: Trump vs. Clinton vs. Johnson vs. Stein Siena Clinton 51, Trump 34, Johnson 5, Stein 2 Clinton +17
Florida Senate – Rubio vs. Murphy CBS News/YouGov Rubio 47, Murphy 44 Rubio +3
Ohio Senate – Portman vs. Strickland CBS News/YouGov Portman 52, Strickland 39 Portman +13
Ohio Senate – Portman vs. Strickland Columbus Dispatch* Portman 58, Strickland 37 Portman +21
New York Senate – Long vs. Schumer Siena Schumer 67, Long 25 Schumer +42
President Obama Job Approval Gallup Approve 53, Disapprove 44 Approve +9
Saturday, November 5
Race/Topic   (Click to Sort) Poll Results Spread
General Election: Trump vs. Clinton LA Times/USC Tracking Clinton 43, Trump 48 Trump +5
General Election: Trump vs. Clinton vs. Johnson vs. Stein IBD/TIPP Tracking Clinton 44, Trump 44, Johnson 5, Stein 2 Tie
General Election: Trump vs. Clinton IBD/TIPP Tracking Clinton 46, Trump 43 Clinton +3
General Election: Trump vs. Clinton vs. Johnson vs. Stein Reuters/Ipsos Clinton 43, Trump 39, Johnson 6, Stein 2 Clinton +4
General Election: Trump vs. Clinton Reuters/Ipsos Clinton 44, Trump 40 Clinton +4
General Election: Trump vs. Clinton vs. Johnson vs. Stein Gravis Clinton 47, Trump 45, Johnson 3, Stein 1 Clinton +2
Pennsylvania: Trump vs. Clinton vs. Johnson vs. Stein Morning Call Clinton 44, Trump 40, Johnson 7, Stein 2 Clinton +4
Pennsylvania: Trump vs. Clinton vs. Johnson vs. Stein Gravis Clinton 47, Trump 45, Johnson 2, Stein 2 Clinton +2
Iowa: Trump vs. Clinton vs. Johnson vs. Stein Des Moines Register Trump 46, Clinton 39, Johnson 6, Stein 1 Trump +7
Iowa: Trump vs. Clinton vs. Johnson vs. Stein Loras Trump 43, Clinton 44, Johnson 3, Stein 3 Clinton +1
Colorado: Trump vs. Clinton vs. Johnson vs. Stein Gravis Clinton 40, Trump 40, Johnson 7, Stein 4 Tie
Washington: Trump vs. Clinton vs. Johnson vs. Stein SurveyUSA Clinton 50, Trump 38, Johnson 4, Stein 2 Clinton +12
Pennsylvania Senate – Toomey vs. McGinty Gravis McGinty 45, Toomey 43 McGinty +2
Pennsylvania Senate – Toomey vs. McGinty Morning Call McGinty 42, Toomey 43 Toomey +1
Iowa Senate – Grassley vs. Judge Des Moines Register Grassley 56, Judge 33 Grassley +23
Colorado Senate – Glenn vs. Bennet Gravis Bennet 47, Glenn 44 Bennet +3
Iowa Senate – Grassley vs. Judge Loras* Grassley 53, Judge 37 Grassley +16
Washington Governor – Bryant vs. Inslee SurveyUSA Inslee 50, Bryant 43 Inslee +7
Iowa 1st District – Blum vs. Vernon Loras Blum 47, Vernon 41 Blum +6
Iowa 3rd District – Young vs. Mowrer Loras Young 44, Mowrer 39 Young +5

OMG!!! Last Update Trump 59% Hillary 34%

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Story 2: FBI Director James Comey’s Letters — Return To Sender — Videos  

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Lou Dobbs Tonight 11/6/16 James Comey clears Clinton once again after 2ND FBI email investigation

RUSH: What If Comey Says ‘THERE’S NOTHING THERE’

Rush Limbaugh EXPLAINS What Happened With FBI, Comey, Investigation of Hillary Email

FBI Director Comey releases new letter to Congress

Image result for cartoons fbi director james comey letters and hillary clinton

 

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Image result for comey letter November 6, 2016

FBI FINDS HILLARY CLINTON GUILTY! JASON CHAFFETZ AND FBI DIRECTOR COMEY AGREE

Breaking: Jim Jordan Gets FBI Director To Confirm Cover Up of Evidence Tampering

Rep. Gowdy Questions FBI Director Comey

FBI Director James Comey Reveals Findings in Hillary Clinton Email Probe – No Charges Appropriate

FBI SUBPOENA SERVED !! • U.S. REP. JASON CHAFFETZ DELIVERED A SUBPOENA TO FBI #lockherup

Read the full text of James Comey’s letter on the new Clinton emails

Here is the full text of the letter written Sunday to lawmakers by FBI Director James Comey.

In it, Comey says his agency’s review of newly discovered emails has not changed his earlier conclusion that Democratic presidential nominee Hillary Clinton should not be prosecuted for her handling of classified information while secretary of state.

Dear Messrs. Chairmen:

I write to supplement my October 28, 2016 letter that notified you the FBI would be taking additional investigative steps with respect to former Secretary of State Clinton’s use of a personal email server. Since my letter, the FBI investigative team has been working around the clock to process and review a large volume of emails from a device obtained in connection with an unrelated criminal investigation. During that process, we reviewed all of the communications that were to or from Hillary Clinton while she was Secretary of State.

Based on our review, we have not changed our conclusions that we expressed in July with respect to Secretary Clinton.

I am very grateful to the professionals at the FBI for doing an extraordinary amount of high-quality work in a short period of time.

Sincerely yours,
James B. Comey
Director

http://www.usatoday.com/story/news/politics/onpolitics/2016/11/06/read-full-text-comeys-letter-new-clinton-emails/93398304/

‘You can’t review 650,000 new emails in eight days!’ Furious Trump blasts FBI Director after Houdini Hillary is CLEARED over second email investigation sparked by Anthony Weiner’s teen sexting scandal

  • FBI announced it will not change the decision it reached in July after investigating Hillary Clinton’s emails
  • Director James Comey announced the potentially election-changing news in an email on Sunday afternoon
  • The latest finding means the Democratic nominee will not be charged with anything from the email scandal 
  • Hillary’s camp addressed Comey’s letter after it was published, saying it is ‘glad that the matter is resolved’
  • Donald Trump was quick to trash the latest decision, saying Clinton is being protected by a ‘rigged system’ 

Donald Trump blasted the FBI’s director on Sunday night, telling a crowd of 8,000 people in Michigan that he rejects the bureau’s latest move to exonerate Hillary Clinton.

FBI chief James Comey told leaders in Congress hours earlier that a review of 650,000 emails discovered on a laptop belonging to Anthony Weiner had reinforced his July 5 decision to let her off the hook.

‘The investigations into her crimes will go on for a long, long time,’ Trump said in the Detroit suburb of Sterling Heights.

‘The rank-and-file special agents in the FBI won’t let her get away with her terrible crimes – including the deletion of 33,000 emails after receiving a congressional subpoena.’

‘Right now she’s being protected by a rigged system!’ he exclaimed.

‘You can’t review 650,000 new emails in eight days! You can’t do it, folks!’

While campaigning in Sterling Heights, Michigan on Sunday evening, Donald Trump (above) addressed the FBI's announcement about closing the investigation into Clinton's email server

While campaigning in Sterling Heights, Michigan on Sunday evening, Donald Trump (above) addressed the FBI’s announcement about closing the investigation into Clinton’s email server

The Republican presidential candidate insisted that it would have been impossible for the FBI to review what has been reported to be as many as 650,000 emails in so short a time 

The Republican presidential candidate insisted that it would have been impossible for the FBI to review what has been reported to be as many as 650,000 emails in so short a time

Trump (above) said: 'The rank-and-file special agents in the FBI won't let her get away with her terrible crimes – including the deletion of 33,000 emails after receiving a congressional subpoena.

Trump (above) said: 'Right now she's being protected by a rigged system!'

Trump (above) said: ‘The rank-and-file special agents in the FBI won’t let her get away with her terrible crimes – including the deletion of 33,000 emails after receiving a congressional subpoena. Right now she’s being protected by a rigged system!’

Comey’s decision means the Democratic presidential nominee will not be charged with a crime related to her mishandling of thousands of classified documents on a homebrew email server she used while she was secretary of state.

Congressman Jason Chaffetz fist tweeted out the bombshell news Sunday afternoon before FBI Director James Comey released a letter that said the investigation was closed.

‘FBI Dir just informed us ‘Based on our review, we have not changed our conclusions that we expressed in July with respect to Sec Clinton’,’ Chaffetz wrote.

Speaking to reporters with Clinton in Cleveland, Ohio, campaign communications director Jennifer Palmieri said: ‘We have seen Director Comey’s latest letter to the [Capitol] Hill. We are glad to see that he has found, as we were confident that he would, that he has confirmed the conclusion that he reached in July, and we’re glad that this matter is resolved.’

The investigation was reopened on October 28 – sparked by a DailyMail.com story that revealed Weiner was sending sexually explicit messages to a 15-year-old girl. The emails in question were found on Weiner’s laptop.

Hillary Clinton (pictured on Sunday morning) was all smiles after being again cleared by the FBI after the investigation into her emails was reopened

Hillary Clinton (pictured on Sunday morning) was all smiles after being again cleared by the FBI after the investigation into her emails was reopened

At the rally in Michigan on Sunday, Trump (above) declared, 'Hillary Clinton is guilty. She knows it, the FBI knows it, the people know it.'

At the rally in Michigan on Sunday, Trump (above) declared, ‘Hillary Clinton is guilty. She knows it, the FBI knows it, the people know it.’

 

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The Pronk Pops Show 694, June 7, 2016, Story 1: Trump Vs. Clinton and Obama — Trump’s Attack Pivot — Hillary and Bill Clinton and The Politics of Personal Enrichment — Corrupt To The Core — Hillary The Crooked Lying Incompetent Progressive Politician Eugenics Racist (CLIPPER) — Hillary CLIPPER Clinton — Pronk Prediction: Clinton Loses, Trump Wins, Obama Pardons — Videos

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Pronk Pops Show 694: June 8, 2016

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Pronk Pops Show 640: March 10, 2016

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Story 1: Trump Vs. Clinton and Obama — Trump’s Attack Pivot — Hillary and Bill Clinton and The Politics of Personal Enrichment — Corrupt To The Core — Hillary The Crooked Lying Incompetent Progressive Politician Eugenics Racist (CLIPPER) — Hillary CLIPPER Clinton — Pronk Prediction: Clinton Loses, Trump Wins, Obama Pardons — Videos

The Green Papers
2016 Presidential Primaries, Caucuses, and Conventions

Copyright www.flags.net/UNST.htm Republican Convention
Presidential Nominating Process
Debate –  Fox – Cleveland, Ohio: Thursday 6 August 2015
Debate – CNN – Ronald Reagan Presidential Library, Simi Valley, California: Wednesday 16 September 2015
Debate – CNBC – Boulder, Colorado: Wednesday 28 October 2015
Debate – Fox Business News – Milwaukee, Wisconsin: Tuesday 10 November 2015
Debate – CNN – Las Vegas, Nevada: Tuesday 15 December 2015
Debate – Fox Business Channel, Charleston, South Carolina: Thursday 14 January 2016
Debate – Fox – Iowa: Thursday 28 January 2016
Debate – CBS – South Carolina: February 2016 (presumably)
Debate – NBC/Telemundo – Texas: Friday 26 February 2016
Debate – CNN – TBD: March 2016 (presumably)
Debate – Salt Lake City, Utah (announced 20 February 2016): Monday 21 March 2016
41st Republican National Convention: Monday 18 July – Thursday 21 July 2016
Republicans
Candidate Popular
Vote
Delegate Votes
Soft
Pledged
Soft
Unpledged
Soft
Total
Hard Total
Trump, Donald John, Sr. 13,441,060  44.23% 1,457  61.66% 80  73.39% 1,537  62.18% 1,441  58.29%
Cruz, Rafael Edward “Ted” 7,728,950  25.44% 553  23.40% 16  14.68% 569  23.02% 551  22.29%
Kasich, John Richard 4,200,855  13.82% 161   6.81% 3   2.75% 164   6.63% 161   6.51%
Rubio, Marco A. 3,513,387  11.56% 166   7.02%   166   6.72% 173   7.00%
Carson, Benjamin Solomon “Ben”, Sr. 825,240   2.72% 7   0.30%   7   0.28% 9   0.36%
Bush, John Ellis “Jeb” 286,342   0.94% 4   0.17%   4   0.16% 4   0.16%
Uncommitted 72,667   0.24% 12   0.51% 7   6.42% 19   0.77% 130   5.26%
Paul, Randal H. “Rand” 66,746   0.22% 1   0.04%   1   0.04% 1   0.04%
Christie, Christopher James “Chris” 57,572   0.19%        
Huckabee, Michael Dale “Mike” 51,391   0.17% 1   0.04%   1   0.04% 1   0.04%
Fiorina, Carleton Sneed “Carly” 40,513   0.13% 1   0.04%   1   0.04% 1   0.04%
(others) 33,962   0.11%        
Santorum, Richard John “Rick” 16,625   0.05%        
No Preference 16,590   0.05%        
Gilmore, James Stuart “Jim”, III 13,785   0.05%        
Graham, Lindsey Olin 5,663   0.02%        
Gray, Elizabeth 5,449   0.02%        
Others 3,911   0.01%        
Pataki, George E. 2,036   0.01%        
Scattering 1,381   0.00%        
Cook, Timothy “Tim” 517   0.00%        
Jindal, Piyush “Bobby” 222   0.00%        
Martin, Andy 202   0.00%        
Hall, David Eames 179   0.00%        
Spoiled ballots 137   0.00%        
Witz, Richard P.H. 104   0.00%        
Lynch, James P. “Jim”, Sr. 100   0.00%        
Messina, Peter 79   0.00%        
Cullison, Brooks Andrews 56   0.00%        
Lynch, Frank 47   0.00%        
Robinson, Joe 44   0.00%        
Williams, Victor 39   0.00%        
Comley, Stephen Bradley, Sr. 32   0.00%        
Prag, Chomi 16   0.00%        
Breivogel, JoAnn 16   0.00%        
Dyas, Jacob Daniel “Daniel”, Sr. 15   0.00%        
McCarthy, Stephen John 12   0.00%        
Iwachiw, Walter N. 9   0.00%        
Huey, Kevin Glenn 8   0.00%        
Drozd, Matt 6   0.00%        
Mann, Robert Lawrence 5   0.00%        
(available)     3   2.75% 3   0.12%  
Total 30,385,970 100.00% 2,363 100.00% 109 100.00% 2,472 100.00% 2,472 100.00%
Democratic Convention
Presidential Nominating Process
Debate – CNN – Nevada: Tuesday 13 October 2015
Debate –  CBS/KCCI/Des Moines Register – Des Moines, Iowa: Saturday 14 November 2015
Debate – ABC/WMUR – Manchester, New Hampshire: Saturday 19 December 2015
Debate – NBC/Congressional Black Caucus Institute – Charleston, South Carolina: Sunday 17 January 2016
Debate – Univision/Washington Post – Miami, Floria: February – March 2016 (presumably)
Debate – PBS – Wisconsin: Monday 1 February – Thursday 31 March 2016 (presumably)
Automatic selection of unpledged delegates: Tuesday 1 March 2016
47th Democratic National Convention: Monday 25 July – Thursday 28 July 2016
Democrats
Candidate Popular
Vote
Delegate Votes
Soft
Pledged
Soft
Unpledged
(source)
Soft
Total
Hard Total
Clinton, Hillary Diane Rodham 16,003,204  55.62% 2,184  53.91% 542  75.91% 2,726  57.21% 2,137  44.85%
Sanders, Bernard “Bernie” 12,278,024  42.68% 1,801  44.46% 47   6.58% 1,848  38.78% 1,699  35.66%
O’Malley, Martin Joseph 110,872   0.39%        
Uncommitted 103,009   0.36%       714  14.98%
De La Fuente Guerra, Roque “Rocky” 64,579   0.22%        
No Preference 50,933   0.18%        
(others) 40,907   0.14%        
Wilson, Willie L. 22,498   0.08%        
Farrell, Paul T., Jr. 19,138   0.07%        
Judd, Keith Russell 18,229   0.06%        
Steinberg, Michael Alan 17,148   0.06%        
Hewes, Henry 8,596   0.03%        
Wolfe, John 7,352   0.03%        
Others 7,014   0.02%        
Locke, Star 5,201   0.02%        
Burke, Steve 4,892   0.02%        
Cohen, Lawrence “Larry Joe” 2,407   0.01%        
Hawes, Calvis L. 2,017   0.01%        
Valentine, James 1,710   0.01%        
Adams, Jon 486   0.00%        
Scattering 431   0.00%        
Supreme, Vermin 265   0.00%        
Stewart, Mark 236   0.00%        
Thistle, David John 223   0.00%        
Schwass, Graham 142   0.00%        
Kelso, Lloyd Thomas 46   0.00%        
Greenstein, Mark Stewart 41   0.00%        
Elbot, Eric 36   0.00%        
French, William D. 29   0.00%        
Moroz, Raymond Michael 27   0.00%        
O’Donnell, Edward T., Jr. 26   0.00%        
Formhals, David 25   0.00%        
Lovitt, Robert 21   0.00%        
McGaughey, William H., Jr. 19   0.00%        
Sonnino, Edward 17   0.00%        
Hutton, Brock C. 14   0.00%        
Lipscomb, Steven Roy 14   0.00%        
Sloan, Sam 14   0.00%        
Weil, Richard Lyons 8   0.00%        
O’Neill, Brian James, II 2   0.00%        
(available)   66   1.63% 125  17.51% 191   4.01% 215   4.51%
Total 28,769,852 100.00% 4,051 100.00% 714 100.00% 4,765 100.00% 4,765 100.00%

Donald Trump vs. Hillary Clinton (Round One)

Donald Trump targets Clintons in victory speech

We Welcome You with Open Arms: Donald Trump Reaches out to Bernie Sanders Supporters

Donald Trump FULL Speech: ‘I’m Going to Be America’s Champion’

Donald Trump Interview On Sean Hannity! June 7th 2016