Obama Administration

Will Trump Spark An Offshore Drilling Boom?

In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a flurry of executive orders this week. Among them is an executive order intended to open up new areas of offshore oil and gas drilling.

UN To Trump: Obamacare Repeal Would Violate "International Law"; Would Also Be Racist

"I would like to bring to the attention of your Government information I have received concerning the possibility to repeal core elements of the Affordable Care Act (ACA) with negative impacts on the right of everyone to the enjoyment of the highest attainable standards of physical and mental health in the United States, in particular those with moderate or low income and in situations of poverty or social exclusion."

Trump Tax Cuts To Add As Much As $7 Trillion In Debt

"Based on what we know so far, the plan could cost $3 to $7 trillion over a decade– our base-case estimate is $5.5 trillion in revenue loss over a decade.... a $5.5 trillion tax plan would be enough to increase debt to 111 percent of Gross Domestic Product (compared to 89 percent of GDP in CBO's baseline) by 2027."

Trump To Order Corporate Tax Rate Cut To 15%, Loading Up To $2 Trillion In Extra Debt

Trump has ordered his White House aides to accelerate his tax plan, the WSJ writes, "slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit" which means that without an offsetting source of revenue, Trump is about to unleash up to $2 trillion in extra debt, a proposal which will face fierce pushback from conservatives as it appears to be a continuation of the status quo under the Obama administration, and may well be DOA.

IMF Drops Pledge To "Resist All Forms Of Protectionism"

A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."

Frontrunning: April 21

  • Attack overshadows last campaign day in France (Reuters)
  • Paris Gunman Was Questioned by Police in February (WSJ)
  • French PM knocks Le Pen, Fillon stance on security after Paris shooting (Reuters)
  • Battle zone scenes at Paris Champs Elysees (Reuters)
  • In ‘Buy American’ Push, Trump Is Starting in a Hole (WSJ)

The Reason Behind The Sales-Surge For Nuclear-Proof Bunkers

"The bipartisan neoconservative dream of America’s aristocrats (world-conquest) will never be achieved. Russia will never accept it. If America’s rulers continue to press it, the result will be even worse than when the Nazis tried...either the U.S. will cease its designs on Russia, or there will be WW III."

Exxon Seeks Russian Sanctions Waiver To Work With Rosneft

Just as the "puppet of Putin" narrative had gone quiet - following Trump's Tomahawk-ing a largely abandoned airfield in Syria - it appears the Russia-linkages stories are about to get restarted. WSJ reports that Exxon Mobil has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft.

Obama, Comey Relied On Discredited Dossier To Obtain FISA Warrant On Trump Campaign

"I look forward to the Privacy Act of 1974 lawsuit that I plan to file in response to the civil rights violations by Obama administration appointees last year.  The discovery process will be of great value to the United States, as our nation hears testimony from them under oath and we receive disclosure of the documents which show what exactly was done in 2016."

Is America's Alliance with Turkey Doomed?

The historic breakdown in Anglo-Ottoman relations is a useful model for evaluating today’s troubled alliance between the United States and Turkey...