Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in a final affront to fact, Obama dismisses the conclusion of "The Big Short" proclaiming that he reined in Wall Street, overhauled the banking system, and made water from wine "the financial system substantially more stable."
It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., and neocons called it the new Pearl Harbor. But instead of it being an awaking, the American public was led further into blind ignorance. Clearly, after 15 years of disastrous policy, it is time to admit that the U.S. response to 9/11 has damaged us far more than the actual attacks ever could.
For all the pledges of eternal love, it’s an open secret in the Beltway that the House of Saud is the object of bipartisan contempt; and their purchased support, when push comes to shove, may reveal itself to be worthless. Now picture a geopolitical no exit with a self-cornered House of Saud having both superpowers, the US and Russia, as their enemies.
For the past few months, we have been shown the massive crowds of millennials flooding Bernie Sanders rallies, and the dyed in the wool democrats who have been flocking to Hillary's. The narrative has been that the Democrats have really generated some enthusiasm this year that hasn't been seen in the past. As is often the case, however, propaganda is much different than reality.
James Clapper, who is charged with overseeing the declassification, reportedly said that it is “realistic” that the 28-page section of the 9/11 Commission Report would be available as early as June. “We are in the position of trying to coordinate interagency position on the declassification of the 28 pages,” he told attendees of an event sponsored by the Christian Science Monitor, The Hill reported on Monday.
Today we see five states hold the presidential primaries, the so-called "Acela Primary" as most of the states up for grabs fall along Amtrak’s Acela train line between Washington, D.C., and Connecticut, and with Hillary comfortable, and Trump looking for a sweep as he surges on the back of yet another failed "stop-trump" attempt, there should be no real surprises when polls close this evening.
If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told.
- Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
- Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
- The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
- Oil Producers Lock In Once-Snubbed Prices (WSJ)
- Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
- 11,000 jobs at risk as BHS teeters on brink (The Times)
One day before Obama visits Angela Merke in Germany to pitch the TTIP trade agreement, thousands of German protesters have once again come out on the streets of Hannover to say 'No' to the controversial TTIP US-EU trade deal. Many in Germany fear it will reduce consumer protection and undermine workers’ protection. In an interview with Bild, Obama said that "the Transatlantic Trade and Investment Partnership is one of the best ways to promote growth and create jobs." Ironically, this comes just as support for the TTIP is tumbling on both sides of the Atlantic.
If Obama was seeking to infuriate even more people, or to push the odds of Brexit even higher with the Op-Ed he posted yesterday ahead of his London visit, he may have succeeded. Responding to President Obama's "Just Say No" to Brexit Op-Ed, the Mayor of London - Tory big-hitter Boris Johnson - bites back at the "part-Kenyan's ancestral dislike of the British Empire", exclaiming that America would never surrender so much power to Brussels -"It is incoherent. It is inconsistent, and yes it is downright hypocritical." Conjuring Churchillian patriotism, the controversial comments from the outspoken Brit conclude, the benefits of Brexit mean "we can thrive as never before – and therefore be even better and more valuable allies of the United States."
You know the British establishment is in full panic mode when not only do they allow President Obama to visit the nation just a month after he threw Cameron "distracted by other things" and his European neighbors under the bus over the collapse of Libya, but, despite 100 members of Parliament signing a letter telling Obama "not to interfere" with Britain's domestic affairs, The Telegraph prints an Op-Ed in which the lame-duck president lords it over the British citizenry with a veiled threat that should they "his friends" leave Europe, the "special relationship" could be in jeopardy as "now is a time for friends and allies to stick together."
Two things were obvious going into the New York primary: 1) Hillary Clinton would win. 2) There would be an enormous amount of voter suppression and fraud. Well the results are in, and the state of the state in New York is very, very bad.
Are we done being fooled? I sure hope so.
Coming off big wins in New York this week, Donald Trump and Hillary Clinton look to move one step closer to the nomination next Tuesday as five states (Connecticut, Delaware, Maryland, Pennsylvania, Rhode Island) will be choosing their candidate.
There is going to have to be "a recalibration of our relationship with America," former Saudi Intelligence Chief Prince Turki Al-Faisal told CNN's Christiane Amanpour. "How far we can go with our dependence on America, how much can we rely on steadfastness from American leadership, what is it that makes for our joint benefits to come together," Turki said in a significant departure from usual Saudi rhetoric. "These are things that we have to recalibrate."