MORNING MESSAGE
Lame Duck TPP Push Hands Trump A Powerful Issue Against Clinton
More and more the word is getting out that President Obama, along with the giant multinational corporations and Wall Street, will launch a push in Congress to pass the Trans-Pacific Partnership (TPP) during the “lame duck” legislative session following the election. President Obama should put a stop to this talk right now. It hands Republican presidential nominee Donald Trump a powerful issue to use against – and embarrass – Hillary Clinton, should she become the Democratic nominee.
BURNING ISSUES: CHOOSING PEACE-BUILDING OVER MILITARY ENGAGEMENT
Theo Sitther, director of the peace-building program at the Friends Committee on National Legislation, says in this Burning Issues video that the next president needs to take on the imbalance between what the nation spends on military engagement and our spending on peace-building and conflict prevention.
SANDERS INSISTS RACE NOT OVER
Sanders reminds Clinton will end up short on pledged delegates alone. W. Post:“”On Tuesday night … you’re going to hear from media saying that Hillary Clinton has received, whatever it is, 80 or 90 delegates … And they’ll say, the primary process is over, Secretary Clinton has won … Sanders assured them that the media was ‘not factually correct’ … It wasn’t the first time that Sanders or his campaign challenged the legitimacy of superdelegates while hinting that they had the power to flip the nomination his way.”
Clinton hopes Jerry Brown endorsement will lock down California. The Hill:“‘It’s kind of a big deal that he did it before the primary,’ one Clinton ally said. ‘The governor is well-respected, and we should see a little bounce as a result, I would think.’ Brown is not only hugely popular in the state — he’s also got credentials as a Democratic truth-teller who has run to the left of more centrist politicians.”
Clinton to deliver foreign policy address in CA tomorrow. W. Post:“The address will expand on themes Clinton sketched in a CNN interview in May, when she flatly said Trump … is not qualified … The speech Thursday in San Diego marks a turning point …. Although Clinton cast herself as by far the more experienced and qualified person to be commander in chief when campaigning against … Sen. Bernie Sanders, she often tried not to feed liberal suspicions that she is a hawk.”
TRUMP HIT WITH DOC DUMP
Judge releases Trump U. docs. W. Post:“The records released Tuesday include documents from employees who described Trump University as a scam, as well as internal company manuals … The playbooks advised staff members to collect ‘personalized information’ about participants to help close sales. One example: ‘Are they a single parent of three children that may need money for food?'”
Trump owes millions to foreign bank. Mother Jones:“…the presumptive GOP nominee also has a tremendous load of debt that includes five loans each over $50 million … Two of those megaloans are held by Deutsche Bank … What are the implications of the chief executive of the US government being in hock for $100 million (or more) to a foreign entity that has tried to evade laws aimed at curtailing risky financial shenanigans, that was recently caught manipulating markets around the world, and that attempts to influence the US government?”
Obama’s climate change negotiator Todd Stern slams Trump:“The bit about ‘foreign bureaucrats’ controlling our energy use is ludicrous. Under the Paris Agreement, no foreigner, from bureaucrat to king, gains an iota of control over U.S. decisions … every country develops its own plan for reducing its greenhouse gas emissions.”
Bill Kristol tries to recruit National Review writer David French to run for president. W. Post:“If launched, a French campaign would almost surely be a quixotic endeavor that could draw pockets of Republican voters away from Donald Trump. And it would face steep logistical and financial hurdles, with many states’ ballot deadlines rapidly approaching … Romney voiced support for French’s exploration late Tuesday.”
DEMS SCRAMBLE FOR HOUSE RECRUITS
Dems hunt for candidates in hopes of taking back House. W. Post:“Democrats have scrambled to convince enough credible, well-funded candidates to enter key races that could flip control of the chamber — and time is fast running out to recruit more … But there are gaping holes that could cost them gains … Privately, some Democrats say the party waited too long to find potential candidates.”
June primaries could impact House campaign. The Hill:“…a handful of contests this month will be some of the first chances for Democrats to select the strongest challengers in toss-up or Democratic-leaning congressional districts held by Republicans.”
OBAMA TO TOUT RECOVERY
Obama to talk economy in Elkhart, IN today. Time:“Between 2008 and 2009, Obama visited the area four times, delivering a message that he would usher in change to an area where jobs [were lost] … In the seven years since the President’s first visit to Elkhart, times have certainly changed. The Bureau of Labor Statistics reports the unemployment rate was at 4.3% in March 2016.”
Economists expect higher growth in second quarter. NYT:“Consumer spending rose 1 percent in April after a flat reading in March … Incomes were up a solid 0.4 percent, matching the gain in March. Wages and salaries, the most important component of incomes, rose 0.5 percent … Many economists say the economy is growing at a 2.5 percent rate, outpacing a 0.8 percent gain in the first quarter.”
Hedrick Smith praises new overtime rule:“Economists call it ‘the Virtuous Circle of Growth.’ … a well-paid middle class is the engine of America’s economic growth. In other words, America’s job creators are the 99%, not the 1% … the Virtuous Circle of Growth is back again, helping to inspire the Obama Administration’s decision to update the rules for time-and-a-half overtime pay…”
Bloomberg explores “How the Feds Pulled Off the Biggest Insider-Trading Investigation in U.S. History”:“For more than seven years, the U.S. government has relentlessly prosecuted Wall Street traders who used inside information to rake in hundreds of millions of dollars in profits. Federal prosecutors in New York have racked up 91 convictions and collected almost $2 billion in fines … Those who didn’t cooperate served an average prison term of 34 months.”
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