On Wednesday, May 29, 2019 Robert Mueller broke 2 years of silence to speak to the American public about the Special Counsel Report which bears his name.

Mueller advised Americans to read his report if we want to understand what really happened in 2016. “We chose those words carefully, and the work speaks for itself,” he said.

The pressure is on. We need to read the Mueller Report.

The Mueller Report is huge, and it is written in ‘legalese’ – well beyond the interests and/or abilities of most American adults. You want footnotes? Volume I of the Mueller Report includes about 199 pages of text, illuminated by 1,283 footnotes.  Volume II adds another 182 pages of content with almost 1,100 footnotes.  That is almost 2,400 footnotes!  Yikes!

According to the national not-for-profit organization Reading is Fundamental, 93 Million American adults read at or below the basic level needed to contribute successfully to society.

I have to guess that the majority of these 93 Million American adults lack the motivation — and the skills — needed to read, comprehend and analyze the contents of the Mueller Report.

I’m retired and I have plenty of discretionary time.  I have read significant portions of the Mueller Report.  It is not an easy task.

Yet, I discovered that Volume I provides a powerful and comprehensive look at the events and evidence related to foreign election interference.

Volume II documents a number of actions directly or indirectly initiated by Donald Trump intended to impede or obstruct the FBI investigation into foreign election interference, and further actions intended to obstruct the Special Counsel investigation.

I predict that the Mueller Report will become a significant historical document for U.S. history scholars.

As it stands, it is just too academic and complex to become a widely-read, popularly acclaimed explanation of current events for most American adults.

Thankfully, all is not lost!

In its May 29, 2019 issue, The Atlantic published a synopsis penned by David Frum which helps bridge the gap between legalese and the typical American adult’s willingness and ability to read, comprehend and understand the conclusions reached by Mueller and his team.

I encourage you to make the time to read Frum’s article.

https://www.theatlantic.com/ideas/archive/2019/05/mueller/590467/?fbclid=IwAR0ACFoJqo0UmmdOg0YXQt3ajGqeZ4XC2hEsIPRalVb6Ycoi8-P6hJbO9-0

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Mueller Report

May 29, 2019

Several of my friends have wondered:  What part of “… this report does not conclude that the President committed a crime, it also does not exonerate him” supports the “No Collusion, No Obstruction” response from the Trump White House.

My theory is based on a variety of academic studies over the past 2 decades which have determined that an ‘average American adult’ reads at (or about) the eighth grade level.

The reading skills of American adults are significantly lower than those of adults in most other developed countries, according to a study by the Organization for Economic Cooperation and Development based on a sample of 160,000 people from two dozen developed nations.

The Mueller Report is an academic treatise written at a level which clearly exceeds the abilities of most American adults to engage; read; analyze; and conclude.

The ability to read fluently, critically and for understanding— to be able to learn from text— may be the most important foundational skill for U.S. adult citizens’ health, well-being, and social and economic advancement.

Critical reading skills are the gateway to lifelong learning, education, and training.

The internet and social networking currently operate through the written word, thus reading literacy provides access to an infinite and readily accessible library of the world’s knowledge, as well as the ability to communicate with friends, family, and employers.

The digital revolution provided access to information which is the foundation for an informed society — except for those adults who continue to struggle to read and/or comprehend.

We have a crisis in America.  The Mueller Report is written at a level which exceeds the skills of the majority of Americans — including many of those currently serving in Congress — to understand, analyze and arrive at critically informed conclusions.

The Pew Research Center recently reported that adults with a high school degree (or less) represent the majority (37%) of U.S. adults who report not reading books in any format in the past year.

I have to wonder – and I hope you will join me —  How many of these 37% of adults who don’t read books (and perhaps don’t read critically?) are members of the Trump Base?

 

 

 

 

 

We Have a Winner!

May 24, 2019

Competition for the coveted “Horse’s Patootie” award this week was fierce, almost resulting in a hung jury.

Rep. Chip Roy (R-Texas), a member of the freshman congressional class of 2019, narrowly emerged as this week’s winner.

Following Senate passage (85 to 8) of a long-awaited $19+ billion disaster aid bill, Mr. Roy refused to grant his accord for the House to pass a unanimous consent resolution to move the bill to POTUS for his signature into law. (President Trump had already agreed to approve the bill as passed in the Senate.)

Although new to Congress, Roy served for several years as chief of staff to Sen. Ted Cruz (R-Texas), including that period in 2013 when Cruz led a campaign which led to a 16-day government shutdown as a symbolic means to force repeal of the Affordable Care Act.

Most ironic, perhaps: Even Cruz voted in favor of this 2019 disaster aid bill citing its importance to Texas, as about 20% of the $19 Billion in aid is destined to parts of Texas prone to hurricane damage.

It has been reported that Mr. Roy will be staying in D.C. over the Memorial Day holiday to avoid a “Tar & Feathers” party promised by his Texas constituents.

President Trump threw a temper tantrum today in the White House Rose Garden, forever preserved in the digital media universe.

Through his actions and words today, President Trump has provided clear and irrefutable evidence that he is unable to separate questions about his personal character from the primary duty of his current and sworn role to “preserve, protect and defend the Constitution of the United States” which I translate as an obligation to provide competent and impartial leadership for the entire population of the United States.

His public pronouncement that, “I don’t do cover ups” is clearly false.

Following that statement, the first image that flashed into my head was recorded for public record on Air Force One (early April, 2018) when President Trump responded to a reporter’s question about the cover-up payment(s) to Stormy Daniels that, ‘I know nothing about that’ further referring any questions to his then-Attorney, Michael Cohen.

Another indelible image again involves Air Force One and the infamous June 2016 Trump Tower meeting between Trump Jr., various Trump campaign people, and a Russian lawyer.  In early July 2017, while flying home from Germany aboard Air Force One, President Trump personally dictated a statement on behalf of Trump Jr. which said that Trump Jr. and the Russian lawyer had “primarily discussed a program about the adoption of Russian children” in June 2016, further stating that the subject of the meeting was “not a campaign issue at the time.”

That meeting has continued to be a constant thorn.  In late July 2018, following public testimony by Michael Cohen, President Donald Trump took to Twitter to respond to some negative press reports, “I did NOT know of the meeting with my son, Don Jr….”

He didn’t know?  Cover up?  I think yes.

The most egregious example of Trump cover ups is his obstinate refusal to allow the public release of bank records, tax returns or any relevant financial records pertaining to his personal and business activities.  We know from public information that Donald Trump and the Trump Organization and/or entities controlled by him:  (a) Declared bankruptcy 6 times; (b) Have been shunned by most traditional banking organizations; (c) Consistently sell condominiums and other developed properties in ‘all-cash’ transactions, often to anonymous entities connected to Russia or former Soviet republics.

I applaud Speaker Pelosi for her insistence on a thorough and methodical process to follow and identify all of the facts. Indeed, no one is above the law, including the President of the United States.

I strongly encourage our elected officials to stay the course and to demand full disclosure and independent comprehensive review of Trump family and Trump Organization financial records.  The American People deserve nothing less.

Don’t Tread on Me

May 17, 2019

The late George Wallace, former Alabama Governor, was noted for his rigid and often harsh opinions which he shared freely with the rest of the world.  In his 1963 inauguration speech, Wallace proclaimed, “Segregation now, segregation tomorrow, segregation forever.”

In response to what he felt was federal government overreach in its attempt to desegregate the University of Alabama, Wallace said, “The unwelcomed, unwanted, unwarranted, and force-induced intrusion upon the campus of the University of Alabama today of the might of the central government offers frightful example of the oppression of the rights, privileges and sovereignty of this state by officers of the federal government.”

Or, slightly modified to address current events, “The unwelcomed, unwanted, unwarranted, and force-induced intrusion upon the reproductive rights of women across the State of Alabama today of the might of the state government offers frightful example of the oppression of the rights, privileges and sovereignty of individual citizens by elected officials of the state government.”

It’s one thing to observe the sons, male cousins and grandsons of the late George Wallace as they link hands with the remaining white male disciples of the former Alabama Governor to assert their testosterone-fueled dominance over whatever they find annoying or objectionable.

It’s another thing to listen to female elected officials in Alabama proudly proclaiming victory over the right of women — as individuals protected by the same rights the US Constitution conveys to men — to make determinations over their own reproductive health.

Alabama House Rep. Terri Collins, who sponsored the bill, publicly identifies as female, as does Alabama Governor Kay Ivey who signed the bill into law.

Have they completely lost touch with reality?

Someone recently said, “I don’t know of any woman who engaged in sexual activity – forced or consensual – with the hope to have an abortion.”

Abortion is not a sport; it is a deeply personal and painful decision which should be made carefully and rationally, because it has lifetime repercussions.

Those who fly the Gadsden flag and rail against government intrusion on individual rights are often the very same folks who are adamantly pro-life and who vehemently oppose a woman’s right to self-determination.

The Gadsden Flag says it all…

 

Trump-en-omics

May 13, 2019

Trump has formally signaled his mastery of global economics and some of the ways he believes U.S. trade policies will help guide the world economy toward optimum performance.

Some have said our president seems to be really out of control, that he must have skipped all of the courses on economics and finance when he was in school (he did go to school, right?).

I believe some further research is in order.

Although Trump continues his infatuation with Twitter where he openly shares classified information with the world, he also has his thumbs on the Tariff Buttons.

Most alarming?  He apparently has the nuclear codes.

Meanwhile, since mid-April, the actions of our president have cost me a significant amount of my accumulated and hard earned savings.  And, it could be worse!  If I was fully invested in traditional equities, it would have been even more painful!

But, enough about me.

The most recent abrupt and unjustified increase of U.S. tariffs on $200 Billion of Chinese goods from 10 percent to 25 percent triggered a response from China which predictably exacerbates continued economic damage to the U.S. agricultural sector, and compounds spillover impacts to related industries.

The Trump Trade War has been extremely harsh on farmers.  Over time, our farmers learned to deal with unpredictable weather; wind storms; disease outbreaks; hordes of locusts; crop loss during storage; and wildly fluctuating prices of both inputs and crops.

It seems clear they never anticipated having a White House which would use them as sacrificial pawns to engage in quixotic battles against imaginary foes.

Longer term and behind the curtain, tariff increases on Chinese imports will drive up domestic prices on a broad array of consumer products, finished goods, and intermediate goods – even some raw materials used in basic manufacturing in the U.S.

The good news:  the effects of these most recent tariff increases probably won’t show up for 90 days, or so.

The bad news:  the costs of the these tariff increases will be fully borne by U.S. consumers, and the effects of tariff increases will result in price increases which will temper domestic economic growth while concurrently sending signals of an increase in core inflation, likely resulting in interest rate increases by the Fed.

And, it just gets worse from there…..

Let’s be clear: the terms ‘tax evasion’ and ‘tax avoidance’ are often used interchangeably. However, only those activities which occur in a tax avoidance scheme are considered lawful.

Plenty of reliable media sources have carefully examined and reported on the awful legacy of Donald Trump’s multiple bankruptcies on a myriad of small businesses: architects, carpet suppliers, lighting and electrical distributors, even custom cabinet-makers.

A recent expose published by The New York Times focused on Trump’s taxes and revealed a previously unexposed nuance:  many of his unpaid bills were essentially ‘double counted’ through the magic of accrual accounting.  Thus, Trump and his Organization underpaid many vendors, while concurrently creating a paper loss for Trump which translated into a ‘tax loss carryforward’ good to shield future profits from future taxation.

If people had been able to look at this bad behavior as a base line, and project it forward, they might have been able to see how much damage The Donald has already done to families and communities in the U.S.

Following his inauguration in January 2017, Trump’s operating principles haven’t changed at all.

A direct result of the introduction of Trump operating principles into the Executive Office has become an oblique assault on moderate and small family-owned businesses across the U.S. — in the manufacturing sector; in retail; agriculture; mining; ranching; hospitality; media; transportation; entertainment; food; construction; business services; technology; and more.

The foundation of success epitomized in the American Dream is entrepreneurial — hard work, focus and sacrifice oriented to a long term view.

The minority of small business operators who operate like Trump — those who operate at the margins and take advantage of honest business people who operate on the platform of honesty and honor — get put out of business quickly.

Tax avoidance – using any and every loophole to avoid paying taxes – is legal, even when some of the activities involved may be considered by some to be morally repugnant.

Somehow, Trump has been able to use his unique combination of charisma and showmanship to fool a rather sizeable segment of American adults into believing his shtick.

How very sad…

An example of world leadership, released by Donald J. Trump on Sunday, May 5 at 9:08 AM ET:

“For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….”  “…of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”

Impulsive? Impetuous? Misinformed? – OR — Calculated? Intentional? Willful?

However you slice it, when the President of the United States threatens — on a Sunday morning in May — to further disrupt world markets through his personal vision of how the world should behave, the predictable short term outcome is a stock market rout.

{One of the reasons it is predictable is that we have witnessed several similar episodes over the 2+ years Trump has occupied the Oval Office.}

Both Market Manipulators and Inside Traders know that when the Stock Market is confronted with unanticipated news, the Stock Market generally reacts with an abrupt and unexpected increase (or decrease) in value. And, Long-sellers (or short-sellers) get enriched (or damaged) as a result of their positions.

If they went long (or short) because of access to confidential information (known as “Insider Trading”) they have committed a white-collar crime that is often prosecuted as a felony, punishable by severe fines and prison terms of up to 20 years.

The Questions:

  1. Has Trump, his family, any of his cabinet members, advisors, their families and colleagues benefited by taking a long (or short) position in advance of one of Donald Trump’s unexpected and abrupt announcements?
  2. Is Trump a willful Market Manipulator?
  3. Are there any foreign (off-shore) entities which have left a trail indicating a prior knowledge of Trump Tweets?