Run Forrest Run!

If the four years of the Donald Trump presidency can be compared to four laps of a steeplechase race, Trump entered the first turn of the final lap this week.

He wants to run four more laps and has filed the necessary paperwork to do so.  He wants to win the next one. He always wants to win, win, win.  Don’t believe me, just ask him.  Or, don’t even ask, just listen.

So listening was just what America did yesterday.  Trump had a great burst into lap four and was free and clear of the field and its many detractors.  All previous investigations behind him, the biggest hurdles were two impeachment articles.  He jumped them both quite well.  The Democrats fell into the water.  Adam Schiff looks winded.  Nadler’s gassed.  The Iowa Primary went underwater and hasn’t surfaced.  Joe Biden said he took a gut punch.  The State of the Union address was lauded near and far as his best speech to date in office.

Out of the court and free and clear, Trump sprinted into Thursday morning and held his own court.  In the rearview mirror he could see them all getting smaller.  So what did he do?  In what should have been a well-earned victory lap, Trump decided to slow down and put all of his detractors right back into the thick of the chase.

He apparently cannot help himself.  In 49 or so minutes he reminded us that he won in 2016 when people thought that he couldn’t.  That’s so 2016 of him.

He bashed Comey.  Comey might have deserved bashing in 2017 and 2018.  What does Comey have to do with the Ukranian phone call, impeachment, and subsequent acquittal?  That’s so 2018 of him.

And, while thanking a female senator or rep (BBR could not identify her from the tv and Trump mumbled her name) for her help in defeating the uprising, Trump called her “nasty” and “mean” and said, “you did a great job.”  Take that as a compliment we guess.

Maybe, no probably, he only knows one way.  He prefers and excels at mixing it up.  He came from nowhere, he slugged it out with Hillary, and he has been fighting everyone for three-plus laps.

With no one in front of him he ran headlong into the next hurdle.  He brings the field back to him. He lowers the hurdles for the competition. Clearly he prefers tight quarters with elbows thrown over running unabated.

Just when the Democrats tied all of their shoelaces together Trump decided to go Forrest Gump.  Run Forrest Run!

Ironing, Washing, and Exercise

Super Bowl viewing isn’t for everyone.   In today’s world alternative suggestions to occupy your time while others soak up every minute are plentiful.  Likewise, the State of the Union (SOTU) addresses aren’t for everyone either.  Several alternatives were suggested before and during the speech last evening.  Rather than recap the SOTU, let’s look at the alternatives suggested, acted upon, and even some others that could have been.

Hillary Clinton suggested that you spend the hour ensuring that your voter registration was up to date and ask two others to do the same.  Patriotic!  She also could have rifled through a ton of old emails and filed the keepers and tossed the rest.  Wait, BBR is being told that she’s up to date.  Well, maybe she could have caught up on some ironing.  You know, so many pantsuits, so little time.

Hillary’s Pinterest friend Monica Lewinsky skipped the address as well.  She decided to catch up on some wash, she said.   Hillary had a suggestion.  Shout®. has the stain-fighting ingredients to break up and remove tough stains—so you can live in the moment, and clean up later.

Alexandria Octavio Cortez had a great seat but boycotted the event.  She said, “None of this is normal and I will not legitimize it.”  Dramatic.  That’s the way to drop the hammer AOC.  AOC suggested that M.C. Hammer had it all wrong many moons ago when he sang “Too Legit. Too Legit to Quit.

Congresswoman Rashida Tlaib (D) from Michigan walked out midway through the speech.  She tweeted, “…the shameless bragging about taking away food stamps that people depend on to live-it was all beneath the dignity of the office he occupies.”  She walked straight to her favorite restaurant in such disgust that she could barely sit through the entire meal.  One suggestion going forward is to call food stamps by their proper name.  SNAP, the Supplemental Nutrition Assistance Program, is the program formerly known as food stamps.  Saying “food stamps” is beneath the dignity of the office she occupies.

Rep. Bill Pascrell (D-N.J.) on Tuesday night brought a Ukrainian flag with him to the address to show that Democrats stood with an “ally he tried to extort.”  During the speech he walked out saying “I can’t stand a liar.”  Perhaps the 83-year-old Pascrell, who no one has ever heard of, should have stayed.  Everyone is famous for 15 minutes.  Why shortchange yourself?

A small group of Dems didn’t stand (Ilhan Omar among them) while all others did three separate times to honor 100-year-old Tuskegee Airman Charles McGee.  Even McGee at 100 stood all three times, and they were honoring him!  Maybe some need to hit the U.S. government provided gym for some much-needed exercise rather than sit in those comfy leather chairs all evening.  Up. Down.

Adam Schiff sat through the entire evening right next to Jerry Nadler.  Kudos to him.  Schiff, eyes bulging, looked like he could barely breathe though.  Understandable.  One suggestion to him might be- don’t sit next to Nadler next time.

Congressman Tim Ryan (D) from Ohio also walked out.  He tweeted, “I’ve had enough.  It’s like watching professional wrestling.  It’s all fake.”  We hope Ryan soldiered on and watched the balance of the address on CNN.

President Trump reaffirmed that America is going to participate in the Trillion Tree Initiative “an ambitious effort to bring together government and the private sector to plant new trees in America and all around the world.”  That’s a good thing for the environment and the paper industry.

Paper will be so plentiful it’ll be growing in trees.   Paper is what kept Nancy Pelosi in her seat shuffling hers until the very end.  She seemed torn though.

May we suggest a House led investigation into possible Russian interference in the Iowa Democratic Primary to get her mind off of all of that pesky paperwork?

 

 

 

 

 

Like Him or Not

Nine quick days ago tragedy struck a globally iconic figure-Kobe Bryant.  He was full of life and had much more to live.  Yesterday, another iconic figure, although a far more polarizing one, announced on his now 32 years and running AM radio talk show that he had been diagnosed with stage four lung cancer-Rush Limbaugh.

What do the two have in common?  The answer is very little, save one thing.  Both rose to the very top of their very difficult and highly skilled professions and flourished for an abnormally long time.

In the mid-’80s Rush stopped trying to be what others wanted him to be on air and started being Rush.  By 1988 he was in New York and his conservative talk show entered syndication.  Soon radio stations coast to American coast picked him up and began revamping their station lineups around him.   The number of stations in his mid-’90s zenith was nearly 700.  Today it’s still 590 or so.  His listenership peaked at nearly 20 million per week.   It remains the #1 talk show today with over 16 million.  He single-handedly changed talk radio.

Along the way Rush made many new friends, made many new enemies, and found himself embroiled in more than a few controversies.

In 2003 he was extra busy.   He joined the ESPN Sunday NFL Countdown.  He didn’t last long.  He questioned Donovan McNabb’s ability as a QB.  “Sorry to say this, I don’t think he’s been that good from the get-go,” Limbaugh said. “I think what we’ve had here is a little social concern in the NFL. The media has been very desirous that a black quarterback does well. There is a little hope invested in McNabb.”

He also was extra busy in 2003 consuming way too many prescribed pain killers.  A court case was settled and one count of obtaining them illegally was dismissed.

His campaign to marginalize Sandra Fluke in 2012 was strongly worded and unrelenting.  It cost him and his show dozens of sponsors.

There is a softer side too.  His work leading charitable causes and his private monetary donations are numerous and generous in the many millions.

But, make no mistake about it, Rush has been Rush and has been great at it for a long time.  His appeal in conservative circles is unmatched.  He’s been at odds with the Republican Party more than once as well.  There’s a difference in being a conservative and a Republican.

His shtick is uncanny and unrelenting.  “Sitting high atop the EIB (Excellence in Broadcasting) Network Broadcast Building with talent on loan from God, it’s Rush Limbaugh at the Golden Mic, the center for advanced conservative studies.  I have half my brain tied behind my back just to make it fair.”  And on he pushes.

A colleague called him the Babe Ruth of broadcasting just a few weeks back.  Babe did it his way.  Legend has it that Babe once pointed to where he then hit the next pitch for a home run.  Rush has had a clear vision of the future cultural and political changes that few others could foresee.  Babe hit 714 in all and retired in 1935.  It took until 1974, or 39 years for Hank Aaron to break the home run record.  There is and has been no one on the radio that has come close to Rush’s combination of passion, wit, knowledge, and ability to convey the complex in a simple way for 32 years and counting.  Rush does it his way.

You can argue his political takes, but be prepared for the long game.  His work ethic is unparalleled.  Try being the solo host of a three-hour show, five days a week, and fifty-two weeks a year.  Now do that for 32 years and counting.

His show is his life.  And, now he is in the fight of his life.

 

The Fed, The Virus and Corporate Earnings

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Friends

Stocks staged several rallies today, but in the end it was much ado about nothing. As is often the case on Fed day, traders weren’t sure how to react to the FOMC statement and Chairman Powell’s Q&A. It seemed apparent that the Fed continues to take a dovish stance with regards to monetary policy- meaning there is very little chance of any rate hikes any time soon, and they continue to increase their balance sheet. On the earnings front, Apple had a blowout quarter, while others that reported had mixed results.

When all was said and done, stocks ended up virtually unchanged for the day. By the close, the Dow Jones Industrial Average was up 11 points to finish the day at 28,734. The S&P 500 was down 2 points to close at 3,273. Gold was up $6 to trade at $1,576 per ounce, while oil was down $.38 to trade at $53.10 per barrel WTI.

The coronavirus news continues to grab the headlines and traders’ attention. Uncertainty is poison for stocks, and it’s a little surprising that the markets have held up as well as they have given the somewhat disturbing news that we continue to get on the spread of the virus. We’ll watch as Facebook and Microsoft report after the close today, among others.

Have a nice evening everyone.

Jim

The Under Card

  1. What’s on everyone’s mind on the national scene these days?  It’s Kobe Bryant and his daughter’s unfortunate passing.  It’s the threat of the coronavirus spreading in the U.S.  It’s the Senate Impeachment Trial.  And, it’s the dwindling field and the jockeying for position in the Democratic race to gain the 2020 party’s nomination.

What’s the goal of the trial?  It’s two-fold.  It’s an attempt to deny Trump a chance to run for reelection.  And, it’s an incessant campaign to weaken his campaign.  And, the goal of the nomination process is to get to the candidate that most from the left feel has the best chance to take back the White House of course.  Opinions vary as to what the ultimate success of any of these plans might be.

But what gets little national play until way closer to the November election is the undercard.  The undercard is comprised of all of the state by state races for the House and the Senate.  The Democrats regained the House in 2018.  They have their eyes on the Senate as well.  Defeat Trump, and voila!  The keys to all three kingdoms are yours.

However, Lee Corso might say, “not so fast my friend!”  A great source tells BBR that they feel quite confident that the GOP has a finely tuned strategic plan of their own.  And, they think regaining the House majority is well within reach.  Wowza.  Round one.  Ding. Ding.

Thirty House Democrats are up for reelection in districts won by Trump in 2016.  Rep. Collin Peterson (D-MN), is one of the 30.   He voted against both articles of impeachment. Rep. Jared Golden (D-ME), who represents another such Trump-won district, voted for the first article, “Abuse of Power,” but against the second, “Obstruction of Congress.” Another now-former Democrat, Rep. Jeff Van Drew of New Jersey, actually quit the Democrat Party and joined the elephants over his opposition to the impeachment push against Trump.

All great plans just need oxygen and money.   The Democrats seem to be providing the oxygen with their nonstop assault of the President inside the halls of Congress.  What about the money?  It sounds like the elephants are charging.

Across his four fundraising entities, House Minority Leader Kevin McCarthy (R-CA) and his team raised $52.3 million in 2019. That is over $8 million more than the Republicans did during Paul Ryan’s previous record run up in the first year of President Donald Trump’s administration back in 2017.

Like him or not, Newt Gingrich is a wise political owl.  He likes what he sees.  “Kevin McCarthy’s tireless work ethic has produced a new dynamic, united, and aggressive House Republican Party,” Gingrich told Breitbart News. “Thanks to his efforts, Republicans enter 2020 from a position of strength—with the necessary resources, recruits, and message to win.”

Is it really possible that on their way to the Democrats’ House, Senate, and Presidential victory party a Republican sweep of the three got in the way?  Some folks sound pretty confident.

Where there is a will there is a way.  And, that way is being paved with lots of green cash.

If 2016 didn’t teach us that the impossible is possible, what will?

Ladies and Gentlemen, let’s get ready to rumble.

 

Yogurt Milk?

It’s Friday and it’s past time to lighten up a little.  But, BBR cannot just yet.  There’s work to do till the whistle blows (ask the Whistleblower if you can identify him or her).  And, Elizabeth Warren is up for the task at hand no matter how long it takes as well.

She said as much in an interview yesterday.  The esteemed Senator from the great state of Massachusetts is willing to skip the Iowa Democratic Primary in order for our Senate to do its job.  It’s job should be to hold a fair trial she said about the impeachment.  Fair enough.  In order to do so we need to call witnesses from both sides she went on.  Balanced.

Heck, she’s even willing to skip New Hampshire if it drags out that long to do the “right thing.”

The interview by a CNN reporter didn’t inquire into if it might benefit the Democrats to smear the presumptive Republican nominee, President Donald J. Trump, a bit further before he is acquitted of the two articles of impeachment.  But, in fairness, she did hint at it.  The reporter also failed to ask if it would help Warren directly if she were to gain the Democratic nomination and run against Trump as he was weakened by the process.  And, finally, the reporter failed to ask if it might be right for a Senator running for the highest office in all the land to recuse him or herself due to perhaps some obvious prejudice in the matter.

“It’s our duty to uphold the Constitution.” she concluded.

And, if you actually lasted the entire 7:03 of the interview you learned that she’s been enjoying some “yogurt milk that’s like the buttermilk I grew up on” during the endless Schiff and Nadler presentations.   That’s the balanced part of her diet to go along with the balanced interview.

Fair and balanced.

Party On

Did you get your invite?  Don’t fret if you haven’t.  Some parties are better than others.  And some parties when two parties are throwing the party can be real duds.

As Henny Youngman might say, “Take this Senate Trial, please!”

So who did get invited?  Cameras aren’t permitted to focus on those in attendance, but rather only on the current chosen one who is addressing those in attendance.  There must be a drone there somewhere capturing this though.  Wait, BBR is being told that the drone is actually Adam Schiff droning on and on in a monotone voice only his mother would love.

Each Senator may invite one guest to sit in the balcony to watch.  Rand Paul overheard President Trump saying that he might like to attend what the President called a “partisan charade.”  He tweeted, “I heard @realDonaldTrump would like to attend the impeachment trial. Mr. President, would love to have you as my guest during this partisan charade.”  Apparently Paul will be voting against the two articles.

Hunter Biden might get an invite too.  Although he might not attend due to other travel plans.  Seems like Biden is defying a court order to disclose his financial information as part of a child support fight in Arkansas while renting a $3.8 million designer home in Hollywood Hills, Los Angeles, with his new wife Melissa Cohen for $12,000 per month.  They married six days after they met.

Lawyers for 28-year-old Lunden Alexis Roberts who was a stripper at a Washington, DC, club Biden once frequented — said he failed to submit a slew of discovery materials.  DNA tests proved Biden fathered a child with Roberts.  A court order has been issued in Arkansas for his appearance.   “No comment” has been the word from his first wife Kathleen Biden, with whom he currently is expecting his fifth child.

Hunter desperately needs a few more board of director gigs like the one that might compel him in the Senate to testify to keep up with the child support.

No one from Russia is in attendance as far as anyone can tell.  Adam Schiff mentioned the country literally 30 times in his sermon yesterday.  Somewhat like Field of Dreams though, maybe if you say it enough they will come.

Former National Security Advisor John Bolton might yet get an invite as well.

If Trump doesn’t use the Rand Paul ticket maybe Bolton can invite his own mustache as his guest.  Surely it can fill a seat all to its own.

One hundred Senators were invited and all are in attendance for the six day a week marathon.  No electronic devices are allowed in the proceedings.  One hundred Senators regret that they could not send their regrets back after the formal invite.

What about you?  You’re invited to watch at least.  The number of TV’s, desktops, laptops, Surfaces, IPads, and mobile devices turning to other interests by the hour must be staggering.  Not to worry though.  All of the news channels and talk shows are watching and listening for you.  If you think Trump is guilty turn to CNN or MSNBC and you’ll be proven right.  Speaking of the right, if you think he is innocent, turn to Fox News and you’ll be proven right about his innocence.

What if you threw a party and no one came?

 

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Lefty and Shorty-Trials, Tribulations, and Turtles

Way way back in 1966, or 1967 Lefty and Shorty were the amiable service station attendants.  Well, that’s what they were called back then as every pump was full serve.   Boom Boom interacted with them as they checked the oil, washed the windshield, pumped the gas, and took the money.

Lefty sat to the left of Shorty.  Imagine that.  Shorty sat on the shorter of the two “halves” of the 55 gallon drum. Imagine that.  Each were cut down to size and retrofitted with a soft cushion top.

They were funny. They always had a back and forth to their banter.  If they were alive last night might have gone like this.

Lefty- It’s nearly midnight and it’s cold. Nobody’s buying gas at this hour.  Why are we sitting here?  Shorty- So we can flip back and forth between the impeachment trial and the Kansas St. versus Kansas basketball game.   Lefty- The Senate Trial is still going on at this late hour?  Shorty- Speaking of this late hour I’ve got this last car that pulled in.  They are good tippers. Lefty- Fine.

Five minutes later.

Lefty- You missed it!  Shorty- What?  Lefty-  They tried to hit the man with the chair.  Shorty- They tried to hit Chairman “Pencil Neck” Adam Schiff?  Lefty-  No. No. It was in the game.  Shorty- Oh.  Why did he do that?  Lefty- I guess he was tired of watching his opponent try to drain threes.  Shorty- I thought maybe they were tired of watching Schiff and Nadler obstruct Trump trying to drain the swamp.  Lefty- Jeez.

Shorty- What’s Trump on trial for again?  Lefty- It’s for abuse of power and obstruction of Congress.  Shorty-  Obstructing this Congress seems like a good idea.  Lefty- What?  Shorty- Doesn’t Mitch McConnell look like a bug eyed swamp fly that we clean off of windshields all day long?  Lefty- Please.  The irreverence.  Shorty- And Nadler, he looks like a snapping turtle.  I wouldn’t get between him and a late lunch.

Silence filled the air again.  Lefty, after some deep breathing and reflection, and against his better judgment, gave it one more go.

Lefty- What do you think the final outcome will be?  Shorty- It was 81-60 Kansas, remember.  Lefty- NO!  The outcome of the trial.  Shorty- I’m not sure.  The right is screaming “four more years” and they control the Senate.  Lefty- And?  Shorty- And the left is screaming “lock him up” but don’t have the votes.  It seems bogged down like a swamp.  And, America is running out of patience.    Lefty-  I know the feeling.  Maybe the chair will be useful after all.  Shorty- Schiff?  Lefty-  I’ll lock up.

Business as Usual

It seems like business as usual for the great folks that run Washington DC.  In just the last 72 hours a lot of news (perhaps some fake) has emanated from a district some call “The Swamp.”

Donald J Trump was on the stump in Milwaukee, WI on Tuesday night trumpeting his latest accomplishments.  He even spoke to rescinding some of those silly energy efficient laws that his predecessor put into law.  One in particular would provide a greater volume of water pouring out of the shower head to help him wash his hair.  “But how about the shower? I have this beautiful head of hair. I need a lot of work. You go into the shower…drip, drip, drip. I call the guy and ask ‘is there something wrong with this?’ He says ‘no sir, it’s just a restrictor.'”

On another stage just one state over, the Iowa Democratic Presidential Debate droned on for two hours on Tuesday night.  When it was over the group that encourages inclusiveness, acceptance, and tolerance had a little tiff.  CNN mics captured the following exchange.   “What?” Sanders replied.  “I think you called me a liar on national TV,” she said again.  “You know, let’s not do it right now.  If you want to have that discussion, we’ll have that discussion,” Sanders responded.  Warren replied: “Anytime.”  That appeared to have irked Sanders who then said: “You called me a liar.  “He added: “You told me — all right, let’s not do it now.”  This all started after Sanders denied during the debate that he ever told Warren that he didn’t think that a woman could win in 2020.  Could Warren be misremembering the event like her heritage, her firing during pregnancy, or her father’s non janitorial occupation?  Nah.

Meanwhile, back at the ranch Nancy Pelosi and her seven or so of her impeachment managers signed the articles of impeachment last evening.  Before the first witness in the process ever testified she said that she was very prayerful and that this is a very somber time for our country. She also spoke to the urgency due to the threat that our president posed to our country. Last evening, after a four week delay in delivering the articles, she was all smiles and handing out commemorate pens to the signers prior to their orchestrated walk down the halls of Congress for the delayed handoff.

And finally, Sen. Marsha Blackburn (R-TN) called for the recusal of four Democrat presidential candidates from the impeachment process on Wednesday after Speaker Nancy Pelosi signed the articles.  She stated in part, “these four Democrats, Senators Bennet, Klobuchar, Sanders, and Warren, cannot sit in judgment of the very President they seek to replace. To participate in this trial would be a failure of the oath they took to be an ‘impartial justice according to the Constitution and laws.’

Her words “failure of the oath they took” ring so loudly and often in Washington DC these days that it’s not surprising that you hear them even while under the thick, dirty, boggy water that fills what is known as “The Swamp.”  At least the president has given us more fresh water out of the shower heads to rinse off.

Carry on.

 

Peace Through Strength

The year was 1980.  The month was November.  The day was the 4th.  That evening Ronald Wilson Reagan defeated sitting president James “Jimmy” Earl Carter to become the 40th President of the United States.  Reagan actually won in an electoral and popular vote landslide.

Some things have changed quite a bit in the last 40 years.  Other things have stayed the same.

Reagan was a Hollywood actor and former union leader turned Republican.  He served the great state of California as a Republican Governor for two terms that ended in 1975.  Carter was a peanut farmer, Georgia Governor, then as the Democratic nominee was elected as the 39th President in 1976.

Can you imagine a Californian Republican Governor today?  Arnold “the Govenator” Schwarzenegger aside there hasn’t been one in 24 years.  Can you imagine a Georgia Democratic Governor today?  There hasn’t been one in 20 years.

Carter was viewed as incompetent and weak in the year leading up to the election.  Fifty-two American diplomats and citizens were held hostage for 444 days from November 4, 1979, to January 20, 1981, after a group of Iranian college students who supported the Iranian Revolution, took over the U.S. Embassy in Tehran.  During a daring helicopter rescue effort one of the helicopters crashed into another leaving eight Americans dead.  The attempt failed from the go.

Reagan took office on that same January 20th day of 1981 that the hostages were freed.  Coincidence?  Sam Donaldson, ABC White House reporter, famously stuck his microphone between Marines holding their swords high to create the “roof” along the red carpet as the new President and First Lady strode back to the Capitol Building.  “Mr. President, Mr. President, there is a report that the hostages have been freed.   Do you care to comment?”  Reagan cocked his head as he was often want to do and uttered, “Well, God Bless America.”

Perhaps the Iranians knew there was a new sheriff in town.  He often acted in Hollywood movies as the sheriff who corralled the bad guys.  Maybe they wanted no part in a real life documentary with the same script.   Reagan later coined the phrase “Peace Through Strength.”

And, 40 years later Donald Trump the 45th President, and another actor, warned Iran that any loss of American lives would result in appropriate retaliation.  They decided to cross over The Apprentice’s line drawn in the desert sand.  And Trump didn’t say “you’re fired,” rather, he fired.  Soleimani was dead.  Iran was incensed, or so they said.  Just a few days later they retaliated sending several missiles at American bases in Iraq.  Word is they gave advance warning of the missile strikes and the strikes all but missed their targets.  No lives were lost, but inside of Iran face was saved.

Trump addressed America yesterday and all but said that now was a time to strongly consider peace rather than escalation.  He all but said that as if he read the diplomatic tea leaves that Iran wants no more.  He crowed about the 2.5 trillion spent to bolster the U.S. Military.  Peace Through Strength all over again?

Cali won’t vote for Trump in 2020 like they did for Reagan in 1980.  Georgia won’t vote for the Democratic nominee in 2020 like they did for Carter in 1980.  But Iran, 40 years later, understands that when lines drawn in the sand are in ink, not pencil, that it’s time to stand down.