White House

WSJ Defends Comey Ouster: "Comey Deserved Dismissal"

"President Trump fired James Comey late Tuesday, and better now than never. These columns opposed Mr. Comey’s nomination by Barack Obama, and the Federal Bureau of Investigation Director has committed more than enough mistakes in the last year to be dismissed for cause."

Trump's Decision To Terminate Comey Is Now Delaying His Economic Reform Schedule

In JPM's initial market comment this morning, reacting to the news of Comey firing, the bank said that "as far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House."  Now, as Axios points out, this concern is starting to materialize after the Senate HELP Committee called off a health care markup this morning.

Frontrunning: May 10

  • Trump fires FBI chief Comey, setting off political storm (Reuters)
  • Comey Firing Upends Russia Probes (WSJ)
  • White House Says Decision Stemmed From Comey’s Handling of Clinton Email Probe (WSJ)
  • Comey Ouster Threatens to Backfire on Troubled Trump White House (BBG)
  • Comey’s Deserved Dismissal (WSJ)

JPMorgan: "Comey’s Dismissal Saps Trump’s Political Capital At The Worst Possible Time"

Trump managed to go a few days w/o controversy (a relatively long stretch for the current White House) but the Comey firing is by far the biggest headline of the night. As far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House.

President Trump Fires FBI Director James Comey

"You are hereby terminated and removed from office, effective immediately. While I greatly appreciate you informing me, on three separate occasions, that I am not under investigation, I nevertheless concur with the judgement of the Department of Justice that you are not able to effectively lead the bureau."