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.

 

Moore or Less.

So, what is far left documentary filmmaker Michael Moore up to these days you ask?  Well, you’ll be glad you asked.  Turns out that he made what he called an “emergency podcast” late last week.  That sounds very important.

What was it all about?  Well, you’ll be glad you asked.  It turns out that he was trying to save America from violent retaliation from Iran for the American drone strike killing of their chief of terror Major General Qasem Soleimani.  During his podcast he said  “I am asking you to try what Martin Luther King and Gandhi said requires the most amount of courage which is to respond with non-violence,” he continued. “I am asking you to leave this up to me, give me all of 10 months and I and millions of Americans will remove Trump from the White House.”

He actually said “leave this up to me” before he included millions of Americans in the cause.  Do the words “pompous” or “egotistical” come to mind?  Does the phrase “a deranged, bloated sense of self worth” come to mind?

He followed up on Twitter with “I have just sent the Ayatollah of Iran a personal appeal.”   And he concluded ““I recorded and DM’d him a message on my podcast, ‘RUMBLE.’ You can hear it on any podcast platform like Apple or Spotify for free. We need to prevent war, any war. Now. When the Ayatollah responds, I’ll post his reply.”   We wonder when “when” will be.  We wonder if this “need to prevent war, any war. Now” is more of a need for Moore to get more followers on Twitter and increase the listenership on his podcasts.  The need to stay relevant might be the biggest need of all for him.

What’s confusing about the appeal is that just last month, he predicted that Trump would win reelection for similar reasons that he famously foresaw his victory in 2016.  So, a month ago he wanted to remind you that he called the 2016 victory and that he was calling it again for Trump.  Now he wants the Ayatollah to hold off and “leave th is up to me” and a few million of his friends.

Moore is an avid, even rabid, supporter of “Crazy” Bernie Sanders.  Isn’t that crazy?  It is Moore or less.

 

 

A Surprise Reversal

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Friends

Wait a minute, stocks were supposed to be down pretty big today given the tensions with Iran that seemed to escalate over the weekend. Indeed, stocks did open down this morning to the tune of a few hundred Dow points or so, but as the trading session wore on, more and more buyers appeared and stocks forced their way into positive territory. Leading the way on the upside were the old large cap growth names like Alphabet (Google), Amazon, Apple and Netflix.

By the close, the Dow Jones Industrial Average was up 68 points to finish the day at 28,703. The S&P 500 was up 11 points to close at 3,246. Gold was up $15 to trade at $1,568 per ounce, while oil was down $.28 to trade at $62.77 per barrel WTI.

The bears have to be frustrated. After all the political and impeachment wrangling didn’t derail stocks, conflict in the Middle East had to look like the lottery ticket that they had been praying for. After a couple of days, that looks to be already dissipating. Of course, it’s still early with regards to the Iranian tensions, so we will see. Earnings season will shortly be upon us, but the comparisons year over year should begin to get a little more favorable, which would be another slight breeze at the back of the bulls. So much to sift through at the moment. This should be an interesting few weeks ahead. Stay tuned.

Jim

Meathead Slays a Whopper

President Trump traveled back from Battle Creek, MI last evening after another one of his pep rallies and newly impeached.  The two Articles of Impeachment were voted on and were slated to travel over to the other side of our distinguished House of Representatives.  Madame House Speaker Nancy Pelosi contemplated holding them back for a few days to “insure a fair trial” over in the Senate.  And, the entire BBR staff is traveling this AM.  With all of this holiday travel going on, we’ll keep it very brief today.   

Nancy Pelosi and friends went from prayerful and solemn during the process to asking members of the House to not celebrate or gloat afterwards.  Apparently with both coasts very much in favor of Impeachment, the wise owl Majority Leader’s words of wisdom from the east didn’t resonate all the way over to the west, and times two in Hollywood.

Take a look and read the attached to see for yourself.  Noted academicians, scholars, constitutionalists, and deep thinkers ranging from Michael Moore to Alyssa Milano weighed in. Even “Meathead” himself Rob Reiner got even with the old, prejudiced Archie Bunker.  They all did a Twitter dance or two filled with glee.  One even called the President a MF.

The First Amendment guarantees them their right to do so.  Apparently from some of the tweets, though, that right doesn’t extend to “angry, old, white men” who “were the only ones” expressing the opposite side.

Like ordering a Whooper, it’s a great country we live in.  Especially if You Can Have It Your Way!

Hold the pickle, hold the lettuce, special impeachments don’t upset us.

More Of The Same-Quiet

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Friends

Again, not surprisingly, it was another quiet day of trading as we steer this ship towards Christmas and the year end. Other than the impeachment proceedings going on in the House of Representatives (which the market seems to care little about) there really isn’t much market moving news at the moment.

For the day, the Dow Jones Industrial Average was down 27 points to close at 28,239. The S&P 500 was down 1 point to trade at 3191. Gold was mainly unchanged, trading at $1,479 per ounce, while oil was also mainly unchanged, trading at $60.94 per barrel WTI.

On the earnings front, Fed Ex had a very disappointing report after the close yesterday (continuing a string of disappointments from the company). Its shares took a bit of a drubbing, but these one off earnings disappointments haven’t yet affected the overall market, as stocks continued to grind higher. Let’s see if anything changes before week end. It doesn’t seem likely.

Have a nice evening everyone.

Jim