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Thread: MAGA News Round Up 6/12/19

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    MAGA News Round Up 6/12/19

    Joe Biden: If I’m Elected President, ‘We’re Going to Cure Cancer’

    “I’ve worked so hard in my career, that I promise you, if I’m elected president you’re gonna see the single most important thing that changes America, we’re gonna cure cancer,” Biden told supporters in Ottumwa.

    BREAKING: After Democrats Unnecessarily Rush to Contempt, President Trump Asserts Executive Privilege Over Census Documents


    "By proceeding with today's vote, you have abandoned the accommodation process with respect to your requests and subpoenas for documents concerning the Secretary's decision to include a citizenship question on the 2020 census. The Executive Branch has engaged in food-faith efforts to satisfy the legislative needs of the Committee. Moreover, until the Committee's abrupt decision to seek a contempt resolution, the Department was prepared to provide a significant number of additional documents responsive to the Committee's April 2, 2019 subpoena. Unfortunately, rather than allowing the Department to complete its document production, you have chosen to go forward with an unnecessary and premature contempt vote," Assistant Attorney General Stephen Boyd wrote in a letter to Chairman Elijah Cummings Wednesday morning.

    "Accordingly, this letter is to advise you that the President has asserted executive privilege over certain subpoenaed documents identified by the Committee in its June 3, 2019 letters to the Attorney General and the Secretary," Boyd continued.

    DNC takes out $10 million credit line

    The DNC has struggled to raise money in recent years, and it is routinely lapped by its Republican counterpart. Through the end of April, the DNC reported having raised almost $19 million this year, less than half the $45.6 million in contributions the Republican National Committee (RNC) has received.

    The RNC reported no debt at the end of April and $34.7 million in the bank. The DNC had $7.6 million in cash, and $6.2 million in debt.

    About three quarters of that debt, $4.5 million, is owed to New York-based Amalgamated Bank, through the line of credit. The DNC also owes $1.7 million to other creditors including a $900,000 bill to its law firm, Perkins Coie, and $412,000 in credit card processing fees owed to American Express.

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    Update: China not doing so hot!

    This headline was from June 8th - China Summons Tech Giants to Warn Against Cooperating With Trump Ban

    Here's some from today - Nintendo Moves Some Switch Production Out of China, Adapting to Tariff Threat

    Sharp is moving as well. Conservative Treehouse has been dead on with this issue for some time now (ignore the TDS buttheads who bash this site):

    Against the intense leverage being applied by President Trump, last week Beijing doubled-down and threatened punishment against any company that would leave China and begin manufacturing elsewhere.

    The totalitarian response was predictable and expected. However, also predictable was the corporate response to the threats.

    As we shared: “China is counting on prior western investment being so significant that a corporation will be reluctant to withdraw. However, in this outlook Beijing seriously underestimates the free market because communist controlled China doesn’t understand the action of a inherently free market.

    The first loss is the best loss. If walking away from an investment provides more financial security and stability than attempting to retain a grip on a tenuous position – corporations will walk away.”


    As President Trump highlighted on May 13th, over time (and it won’t take long) there would be an exodus of multinational manufacturing away from China. Corporations will shift their purchase agreements, manufacturing and assembly plans to ASEAN countries outside the investment ‘risk zone’ that is now China.

    Notice some of the nuance (specific references) within President Trump’s tweets. Japan (Shinzo Abe), Vietnam (President Trang Dai Quang), South Korea (KORUS), Philippines and India are positioned to pick-up business

    While the Red Dragon does the only thing the Red Dragon knows to do, we enter the phase when corporate interests, particularly multinationals, recognize China is a communist state-run, controlled-market, system.

    The reaction from China is immensely predictable; and creates a downward spiral. If any corporation is perceived as working against the interests of the state; the state will take control of the corporate interest. What western business interest would want to do business within China when that reality is the landscape of every economic decision?

    The willingness of China to self-immolate is the golden arrow in President Trump’s economic quiver. The inability of China to modify itself based on downstream economic outcomes is the inherent weakness… Overlay that weakness with the zero-sum outlook and you get this quote from Chinese State-Run broadcast:

    …“If the US wants to negotiate, our door is open. If you want to fight, we will fight to the end.”…

    Think about the logical reality of this statement as expressed. Put another way: ‘if you agree to our terms we will work with you; however, if you don’t agree to our terms, we will self destruct.’ That’s the economic reality of the zero-sum dragon mindset. This inevitable position is what CTH has been outlining for several years.


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    The CFR likes it.

    Trump's Foreign Policies Are Better Than They Seem

    President Donald J. Trump “is not given sufficient credit for his foreign policies,” writes Robert D. Blackwill, Henry A. Kissinger senior fellow for U.S. foreign policy at the Council on Foreign Relations. “All the chaos generated by this flawed president does produce actual policies, the substance of which in many cases is likely to be more consequential than the ways by which the policies arrived and the character of the man who formulated them,” asserts Blackwill. “What matters most is the effectiveness of U.S. policy over time and its consistency with U.S. national interests, not the personal qualities of its leaders.”

    In a new Council Special Report, Trump’s Foreign Policies Are Better Than They Seem, Blackwill assesses the Trump administration’s foreign policy—including the United States’ ties with allies, relations with China and Russia, and policies toward the Middle East, North Korea, Venezuela, trade, and climate change—halfway through the president’s first term. The author assigns a letter grade to each of President Trump’s major foreign policies, as well as a final grade for his overall foreign policy, and concludes that some of Trump’s “individual foreign policies are substantially better than his opponents assert.”

    The report, however, also acknowledges President Trump’s significant foreign policy shortcomings. According to Blackwill, the president “conveys foreign policy failures as successes and minor accomplishments as cosmic victories. He makes important decisions against the advice of his cabinet advisors—if he consults them at all. He has had unprecedented turnover in senior foreign and defense policy positions and, at this writing, has had three national security advisors. In sum, there is no steady interagency decision-making process within the administration because the president apparently does not believe that he needs one.”
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    Nevertheless, Blackwill attempts to look beyond headlines that focus on the president’s “rash, ignorant, and chaotic” actions to provide a comprehensive analysis of his individual foreign policies, noting that “history teaches us that flawed individuals and policy processes sometimes produce successful results.”
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  5. Rock on:

    HipKat (06-13-19)

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