Who believes Killary Clinton?
Who is listening to the moronic comments of Donald Trump?
MORNING MESSAGE
Clinton Commits: No TPP, Fundamentally Rethink Trade Policies
...Clinton replied to a questionnaire from the Oregon Fair Trade Campaign, which consists of more than 25 labor, environmental and human rights organizations. When asked, “If elected President, would you oppose holding a vote on the TPP during the ‘lame duck’ session before you take office?” she replied, “I have said I oppose the TPP agreement — and that means before and after the election.” ... This clear statement of position shows the value of the Sanders campaign. His clear opposition to TPP and our current trade regime finally forced Clinton to go on the record with a clear commitment opposing TPP and a solid criticism of our country’s trade policies.
BURNING ISSUES: BUYING WEAPONS THAT DON'T WORK
The F-35 fighter place is a textbook example of how tax dollars are wasted on Pentagon weaponry, Mandy Smithberger, director of the Straus Military Reform Project at the Project on Government Oversight, explains in this Burning Issues video.
TRUMP TOYS WITH AMERICA'S CREDIT RATING
Trump shrugs off criticism of his proposal to squeeze creditors. Politico quotes:“…you never have to default because you print the money … I’m the king of debt. I understand debt probably better than anybody. I know how to deal with debt very well. I love debt …”
Experts incredulous. AP:“Nations usually print their own money and service their debt through taxes, unlike corporations that can sell off assets and equity stakes to manage debt or close up shop. Interest rates would spike if a government refused to pay what it owed as investors priced in the risk of default and became resistant toward lending.”
Trump rejects federal minimum wage increase. W. Post quotes:“I don’t know how people make it on $7.25 … With that being said, I would like to see an increase of some magnitude, but I’d rather leave it to the states. Let the states decide.”
Trump says he’s flexible on his tax cut proposal, on Meet The Press:“I have to negotiate now with senators and congressmen … the fact that I put in a plan, it really is a floor … we lower the taxes on everybody, very substantially. But I have no illusions. I don’t think that’s going to be the final plan … we’re giving a massive business tax cut [although] they might have to pay a little bit more than my proposal.”
Trump-Ryan rift widens. NYT:“…Trump refused to rule out blocking Paul D. Ryan, the speaker of the House, from serving as the convention’s chairman … ‘I’m a conservative, but don’t forget, this is called the Republican Party. It’s not called the Conservative Party.’ … Conservative activists have called on Mr. Trump to identify before he arrives in Cleveland people he would appoint as cabinet members, Supreme Court justices or even vice president…”
Bernie rallies NJ. USA Today quotes:“We are not in the minority. Our vision is the future of America … Every idea, virtually every one, had the support of the majority of the American people. We are doing well because, we are doing something unusual — we are telling people the truth.”
REPUBLICANS MAY EMBRACE GARLAND
Republicans may approve Garland nomination in lame duck. The Hill:“‘If we come to a point, I’ve said all along, where we’re going to lose the election, or we lose the election in November, then we ought to approve him quickly,’ [Sen. Jeff] Flake said on NBC’s ‘Meet the Press.'”
Dems pressure Sen. Chuck Grassley. NYT:“Those efforts will include the release of a report critical of the work of the Judiciary Committee under Mr. Grassley. On Wednesday, Senate Democrats will host a news conference with a group of former Grassley supporters brought in from Iowa who have changed their views on the senator. They will also highlight polls showing that Mr. Grassley … has been hurt more than other Republicans by his position on Judge Garland…”
FED NOT WORRIED ABOUT ECONOMY
Key Fed member sanguine. NYT:“William C. Dudley, the Federal Reserve Bank of New York president … said he foresaw continued growth despite bumps in the early months of the year — enough growth for the Fed to get back to slowly raising its benchmark interest rate. And if growth should falter, he said, there is plenty of medicine in the Fed’s chest.”
“Rising U.S. Rents Squeeze the Middle Class” reports WSJ:“A study set to be released on Monday shows that a far bigger proportion of middle-class renters in New York were squeezed by rising rents than were the lowest-income renters … In Boston, median asking rents have increased at an annual rate of 13.2% since 2010, far outstripping the 2.4% average annual increase in income … Even in Atlanta, historically one of the most affordable cities for middle-class families, a rapid rise in rents has taken its toll on those families.”
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