Friday, May 29, 2026. Chump spins a deal is coming but in the meantime the war drags on, the US economy is doing awful under Chump (no blaming Joe Biden for this), Chump sues THE WALL STREET JOURNAL again over their months old report on the birthday card Chump made for his best bud Jeffrey Epstein, Pam da Bimbo Bondi is set to appear before the House Oversight Committee today, news of Don Jr's crony corruption emerges, and much more.
Ben covers the news of Chump's conceding to Tehran in the latest version of a deal.
Three months after President Trump
launched war on Iran, his seemingly haphazard approach to the conflict
is bewildering allies at home and abroad as he veers between diplomatic
dealing, military strikes and increasingly far-fetched ideas.
It is possible that Mr. Trump is near a breakthrough in the form of what both sides call an interim agreement
that would reopen the Strait of Hormuz and begin detailed talks on
Iran’s nuclear program. But U.S. officials said on Thursday that Mr.
Trump had not yet signed off on the agreement, and several others like
it have fallen apart.
Now let's turn to Chump's war on the economy.
Though
con man Chump would love to believe the country believes him when he
blames inflation on Joe Biden, that's not the case. Groceries and gas
and energy are all much more expensive over a year and a half into
Chump's reign than they were under Joe. In fact, Alicia Wallace (CNN) notes inflation is at a three year high. Economic professors D. Brian Blank and Brandy Hadley (THE CONVERSATION) explain:
The
report offered a mixed but still uncomfortable picture. The
month-to-month rise was softer than expected, but the change year over
year still points to concern: a 3.8% jump from a year earlier, the
fastest pace since 2021, and a less volatile index that excludes food
and energy up 3.3%.
This increase suggests
inflation isn’t limited to gasoline. Housing, utilities and recreational
spending are also keeping underlying inflation elevated, even as other
data shows a slowing economy and weaker income growth.
Yeah
and it's all happening under Chump. And it was his tariffs that first
wrecked the economy and his war of choice on Iran that destroyed the
economy. No pinning this on Joe Biden. The economy was recovering
(from COVID and Chump's first term) under Joe. No blaming this on Joe.
It's Donald Chump's economy. No one else is to blame. Adam Lynch has some bad news for Chump:
Economist
and public policy scholar Justin Wolfers says Republicans and President
Donald Trump have not only set themselves up for a brutal midterm, but
voters will probably be holding them accountable for high inflation and
fuel prices for years.
“There is a bomb that
has hit the world economy and to any of us who watch the economy,
there's no question that the economy today is different than it was in
February,” Wolfers told podcaster Jacqueline Cole.
The
damage Trump and the GOP have done doesn’t amount to a dip or a drop.
It’s much bigger than that — and more permanent. Wolfers described it
more as a “crater” resulting from Trump’s bomb
“Okay,
so we'll start with the oil prices. Oil prices today are higher than
they were — they’re about $100 a barrel. They were $60, but I can see
oil price futures, which tells me how long oil prices will be higher
than they would otherwise be and the answer is ‘for several years,’”
said Wolfers. “It could be that they think this conflict goes on for
longer or they think that this conflict is laying the ground for future
conflicts. But get used to it. Energy is more expensive and will be for a
while.”
The
combination of forces bearing down on Trump’s economy spells trouble
for Republicans in the upcoming midterms. The president’s economic approval rating is at an all-time low. Gas prices have been stuck above $4 per gallon for weeks due to the war with Iran, according to AAA. Yields on long-term government debt
and mortgage rates have spiked as inflation rose — and are now being
further stoked by rising energy costs and mounting piles of government
debt.
Chump elected to go to war on Iran with the belief that it would be a two week or so operation. Yesterday ended three months of ongoing war. And it's still not over. He thought he could do this on the quick and that it wouldn't harm GOP chances in the midterms.. Monday, it will be June. Midterms take place at the start of November.
"He's walking away with a nuclear Iran," Joe Scarborough declared today on MS NOW's MORNING JOE.
Jake Sullivan points out that every new 'deal' Chump comes up with gives Iran a little more. And its continuation, the war's continuation, just continues to kill the US economy.
The New York Federal Reserve calls the job market for grads this year "challenging."
Annabelle Rosse received her diploma from NC State earlier this month and wants to call Raleigh home.
Her immediate family is planning to move overseas and she'll be here on her own building a life.
Rosse says she's struggled to find a job in this economy.
"It's
definitely a little bit shaky. Definitely a bit unstable in terms of
there's not a lot of opportunities out there and if there are, they want
you to have a multitude of experiences," she said.
At FORBES, Bill Conerly notes the failing consumer confidence, "The
Index of Consumer Sentiment, has been published by the University of
Michigan since 1952, but has never been as low as the May 2026 level.
Both of the major subcomponents, current conditions and expected
conditions, fell."
Donald
Trump and his allies, on a nearly daily basis, tell the public the
current American economy is the “greatest” ever. During one of JD
Vance’s recent Fox News appearances, the vice president celebrated the “Trump boom.” A week earlier, Peter Navarro, a leading White House voice on trade and economic policy, told Fox News that the U.S. economy was “perfect.”
Widespread
polling shows broad dissatisfaction with current economic conditions.
Team Trump seems to think incessant happy talk can change public
attitudes.
The problem for White House
officials isn’t just that their rhetoric appears wildly out of touch,
it’s also that reality keeps getting in the way of their claims.
[. . .]
This not what Americans were told to expect. As recently as August, Treasury Secretary Scott Bessent confidently predicted to a national television audience that the U.S. economy is “really going to pick up in the fourth quarter” of 2025. It did not, and as the spring of 2026 continues, Americans are still waiting for conditions to really “pick up.”
Similarly, in early September, Commerce Secretary Howard Lutnick said during a CNBC interview that Americans will see robust growth “six months from now.”
That was eight months ago. He’s still wrong.
What’s more, earlier this year, Lutnick predicted,
“I think we’re going to grow more than 5% GDP this quarter.” As of
Thursday morning, we now know that growth in the first quarter was
actually 1.6% — roughly a third of his prediction.
In other news, David Edwards (RAW STORY) reports
that Chump has filed another lawsuit against the press. This time?
THE WALL STREET JOURNAL and he's filing it (again) over their coverage
of Jeffrey Epstein and Chump -- Two roll dogs in love and lust:
President
Donald Trump has refiled his $10 billion defamation lawsuit against the
Wall Street Journal — and to bolster his case, he's leaning on a key
witness interview conducted by Acting Attorney General Todd Blanche, the
president's own former personal attorney.
In
an amended complaint filed Tuesday in federal court in Miami, Trump's
lawyers cited a July 2025 interview with Ghislaine Maxwell as evidence
that the Journal's reporting was false. What the filing doesn't mention
is that the interview was conducted by Blanche who was serving as Deputy
Attorney General at the time and has since been elevated to Acting
Attorney General — and who granted Maxwell limited immunity to
participate.
The lawsuit centers on a July 2025
Wall Street Journal story reporting that a bawdy birthday letter bearing
Trump's name was included in a 2003 album Maxwell compiled to celebrate
Jeffrey Epstein's 50th birthday. The letter, the Journal reported,
featured a typewritten note framed by a hand-drawn outline of a naked
woman, with a signature mimicking pubic hair. Trump has denied writing
it.
The amended complaint argues Maxwell's
statements to federal investigators undercut the Journal's reporting.
"Maxwell has stated, subject to penalty of perjury for lying to a
federal officer, that she did not remember President Trump submitting a
letter for Epstein's 50th birthday," the filing reads.
Penalty of perjury for lying? Maxwell lied throughout the interview with Blanche. November 18, Brian Bennett (TIME) reported:
On
a Friday night in August, a top Trump official announced on X that he
was releasing the transcript of his interview with Jeffrey Epstein
conspirator Ghislaine Maxwell. "Except for the names of victims, every
word is included. Nothing removed. Nothing hidden," wrote Todd Blanche,
Trump’s Deputy Attorney General and former personal lawyer.
The
transcript, which showed Maxwell saying she didn’t recall ever seeing
Donald Trump at Epstein’s house, did little to quell the furor among
Trump's base around allegations that it was covering up damaging
information on Epstein. Now the interview and the Justice Department’s
actions around it are coming under renewed scrutiny in the wake of
emails released by Congress last week, including one from 2011 in which
Epstein apparently told Maxwell that Trump had previously spent “hours”
at his house.
Maxwell is serving 20 years in prison for conspiring with Epstein to sexually abuse minors over the course of a decade. Blanche interviewed
Maxwell in Tallahassee, Fl., on July 24 and 25. Days after the
interview, Maxwell was transferred from a low-security federal prison in
Florida to an all-women minimum-security prison northeast of Houston
called Federal Prison Camp Bryan. The Department of Justice did not
respond to a request for comment for this story.
[. . .]
During
the interview, Blanche asked Maxwell about Trump and Epstein’s
relationship. “I don't think they were close friends or I certainly
never witnessed the President in any of -- I don't recall ever seeing
him in his house, for instance,” Maxwell said. “I actually never saw the
President in any type of massage setting. I never witnessed the
President in any inappropriate setting in any way,” she said. Maxwell
had been told she could face consequences if she lied. During the
interview, Blanche told Maxwell if she says something that’s not true,
“we can bring a prosecution against you for what's called false
statements.”
In an email released last week
and dated April 2, 2011, Epstein appears to have written to Maxwell: “i
want you to realize that that dog that hasn’t barked is trump. [VICTIM]
spent hours at my house with him .. he has never once been mentioned.”
Maxwell replied: “I have been thinking about that…”
During
the interview, Maxwell repeatedly claims that she did not introduce
Epstein to any minors over the course of their relationship together.
Some attorneys have also questioned the validity of Maxwell’s words, as
she has in the past been charged with perjury for lying under oath.
[. . .]
She
also claimed that neither she nor Epstein ever poached workers from
Trump’s Mar-a-Lago estate, which was down the street from Epstein’s Palm
Beach home.
“I’ve never recruited a masseuse
from Mar-a-Lago,” Maxwell said, despite the accusations of the late
Virginia Giuffre, who claims she was recruited at 16 by Maxwell from
working at Mar-a-Lago and then later paid to have sex with Prince
Andrew. Though Giuffre was never named in the interview, Maxwell denies
Giuffre’s claims.
Maxwell’s
words contradict those of the President, though, who told reporters
late last month that Epstein “stole” young women who worked at his
Mar-a-Lago beach club spa, which led to Trump banning Epstein from his
estate.
[. . .]
The
family of Virginia Giuffre said they were “outraged” about the
interview and that the information directly contradicts her conviction
of child sex trafficking.
“During DAG Todd
Blanche’s bizarre interview, [Maxwell] is never challenged about her
court-proven lies, providing her a platform to rewrite history,” the
family said in a statement released on Saturday. “This travesty of
injustice entirely invalidates the experiences of the many brave
survivors who put their safety, security, and lives on the line to
ensure [Maxwell’s] conviction, including our sister.”
A
federal judge dismissed the lawsuit last month, ruling he couldn’t
claim the paper published the story with actual malice. Then Trump
refiled and ran into another stumbling block on May 13, when U.S.
District Judge Darrin Gayles ruled
that he couldn’t use the discovery process in his claims that the
newspaper defamed him. In the new lawsuit, Trump’s lawyers wrote that
the Journal’s reporters tried to “falsely pass off as fact that
President Trump, in 2003, wrote, drew, and signed this letter” but
“failed to show proof.”
Trump’s reasoning for the lawsuit is hollow, especially considering that the House Oversight Committee included
the birthday book, complete with the drawing from Trump, in a September
release of Epstein materials from his estate. It’s more likely that
Trump is trying to shake down the Journal for a big settlement and
intimidate its owners, the Murdoch family, into favorable coverage.
It’s
a pattern that Trump has followed against other media companies, which
ended up forking over money that supposedly is going to Trump’s presidential library. Trump also has pending defamation lawsuits against The New York Times for $15 billion and the BBC for $10 billion. It seems that he won’t stop until he’s made them pay for reporting that he doesn’t like.
Still on Epstein but let's bring in Pam da Bimbo Bondi.
Survivors of the disgraced financier Jeffrey
Epstein have little faith former U.S. Attorney General Pam Bondi’s
upcoming appearance before a congressional committee will help address
any of their unanswered questions about the Justice Department’s release
of the Epstein files.
Bondi — who
was removed as attorney general earlier this year — is set to appear
before the House Oversight and Government Reform Committee on Friday
about DOJ’s handling of the documents.
Danielle
Bensky, a 2004-2005 Epstein survivor, told NewsNation she has a list of
questions about the release, including the decision-making process
surrounding redactions.
“Why are perpetrators
and abusers redacted, when survivors’ personal information including
addresses, phone numbers, intimate details of abuse and nude photos were
released. Why was the release deadline delayed, if not for the
protection of victims? What was the point of the slow rollout? Who were
the lawyers involved in charge of redacting? The list goes on,” Bensky
said.
She told NewsNation in February she was improperly named in a release of 3.5 million documents and called the DOJ’s handling of the case “egregious.”
Bensky added that leaving her name unredacted felt like an attempt to discredit her and other victims.
Bensky
said she — as well as the 14 other survivors she talked with — were
never contacted by the DOJ prior to the release earlier this year.
That's
later today that da Bimbo Bondi is expected to appear before the House
Oversight Committee. She is no longer Attorney General -- Chump fired
her April 2nd. Life has not gone well for da Bimbo. She's currently
being treated for thyroid cancer. And she's facing a complaint. Tom Latchem (DAILY BEAST) notes:
Former U.S. Attorney General Pam Bondi has been hit with a damning new ethics complaint demanding she be investigated and possibly disbarred.
The
complaint was lodged on Wednesday with the Florida Bar by Peggy Quince,
78, a retired chief justice of the Florida Supreme Court, and is backed
by more than 120 judges, law professors, and attorneys.
It is their second attempt after the Florida Bar rejected an earlier bid last June,
while Bondi, 60, was still in office, on the grounds that it does not
investigate sitting federal appointees. President Donald Trump, 79,
fired her in April, removing that hurdle.
The
coalition—backed by Lawyers Defending American Democracy, the Democracy
Defenders Fund, and Lawyers for the Rule of Law—says Bondi strong-armed
DOJ lawyers into compromising their ethics or losing their jobs. “No one
lawyer is above the law,” Quince said in a statement.
Much
of the complaint zeroes in on Bondi’s handling of the Jeffrey Epstein
files. It accuses Bondi of misleading the public about a supposed
“client list” she once claimed was on her desk, then bungling the
document release so badly that unredacted names, birth dates, and even
nude photos of the disgraced financier’s victims spilled out.
Lawyers
for the survivors branded one January dump “the single most egregious
violation of victim privacy in one day in United States history,” with
Virginia Canter, chief counsel at the Democracy Defenders Fund, saying,
“Lawyers have been disbarred for less.”
The
complaint also charges that Bondi waved through prosecutions lacking
probable cause against Trump’s foes—among them former FBI director James
Comey and New York Attorney General Letitia James, whose cases a
federal judge threw out in November—and against protesters swept up at
immigration raids. Comey was re-indicted in late April on a different
charge, under her replacement, Acting Attorney General Todd Blanche, who
was formerly Trump’s personal attorney.
For
one, the former attorney general will not be under oath in a sworn
deposition but will provide a transcribed interview, which is voluntary.
Bondi’s interview with the committee will happen behind closed doors
with members of the committee and staff and will not be filmed. The
committee says it plans to release a transcript soon after the hearing.
And
Bondi will be represented at her interview by Assistant Atty. Gen.
Harmeet Dhillon, which legal experts say raises the prospects that the
Department of Justice could direct Bondi to not answer some questions
posed by the committee.
Former Atty. Gen.
William Barr, former President Clinton and former Secretary of State
Hillary Clinton all gave sworn depositions.
Rep.
James Comer (R-Ky.), the chair of the committee, rejected the Clintons’
offer to provide a transcribed interview, rather than sit for a
deposition, out of concern that someone giving a transcribed interview
could “refuse to answer whatever questions he wanted for whatever
reasons he wanted.”
In
July 2025, she and FBI Director Kash Patel announced that the Epstein
case was closed, and there was no evidence of additional crimes
committed by Epstein or others associated with him.
Case closed.
Let
me say this in another way: One of the most prolific sex offenders in
history — someone who made millions and perhaps even billions of dollars
— without any real investigation into his finances or his businesses
and associates — basically committed all this crimes all by himself.
He created a worldwide criminal syndicate in which no one was involved except for two people: him and Ghislaine Maxwell.
Even
Bondi isn’t stupid enough to believe this. She knows that, over the
decades since Epstein served jail time in his nice office in Florida
that he was still manipulating the levers of power.
There
is plenty of evidence that the FBI knew that Epstein was involved in a
myriad of crimes over the years. In the years after his arrest in
Florida — when Bondi was attorney general [for the state of Florida] —
more victims were coming forward, alleging for example, that other men
were involved. Lawsuits were filed. Depositions were taken.
A top White House adviser intervened to send a massive defense loan to a company linked to Donald Trump Jr., ProPublica reported Thursday.
In
November, the Pentagon announced a $620 million loan to Vulcan
Elements, a start-up manufacturer of rare earth elements. Just three
months earlier, Don Jr.’s venture capital firm 1789 Capital had
purchased a large stake in the company. When the Defense Department deal
first came together, those involved were quick to deny allegations of
political favoritism.
But in fact, the deal was reportedly the work of the White House.
The
massive loan was personally directed by Peter Navarro, a White House
adviser who is also a friend of the president’s son, according to
interviews and DOD records obtained by ProPublica. Of the many companies
being considered to receive funding, Vulcan was the only one that
garnered the attention of one of the president’s top aides, one Pentagon
official told ProPublica.
Defense officials were
instructed to move at a rapid pace to see that the loan was processed,
and it went through within a matter of weeks, according to another
Pentagon official who spoke to ProPublica. “The call came from the White
House: We have to get this done,” the person said.
The
deal is one of many actions by the Trump administration that have
helped companies in which the Trump family holds stakes. Government
contracts and other benefits have gone to various Trump-linked
companies, prompting allegations of self-dealing by Democratic lawmakers
and good government experts. But ProPublica’s reporting on the Vulcan
loan represents the first time the awarding of a contract from a federal
agency has been directly linked to White House intervention.
The
loan was a massive financial commitment from the Pentagon in its effort
to fund companies that could help the U.S. reduce dependence on China’s
critical mineral supply chains. The deal was a dramatic win for Vulcan,
a North Carolina rare-earth magnet company launched just two years
earlier. Estimates of its valuation grew tenfold after the deal was
announced. It was also a win for Trump Jr.’s venture capital firm, which
took a stake of undisclosed size in Vulcan about three months before
the Pentagon announced the deal.
And there may be
more good news on the way for the president’s eldest son. Among other
companies under review for a Pentagon loan was a drone parts
manufacturer that Trump Jr. advises and owns a stake in, according to
one of the defense officials who spoke to ProPublica.
Navarro,
who served as trade adviser in Trump’s first term, and Trump Jr. have
formed a close bond in recent years. The president’s son visited Navarro
in prison while he served time for defying a subpoena from lawmakers
investigating the Jan. 6, 2021, Capitol riot. Trump Jr. was one of the
small group of people Navarro dedicated his latest book to for having
“my back when it was against the wall.” And a week before the Vulcan
deal was announced, Trump Jr. hosted Navarro — now the president’s
senior counselor for trade and manufacturing — on his streaming show,
encouraging his nearly 2 million subscribers to buy Navarro’s book. That
interview was not long after word came down from Navarro to Pentagon
staff to make the massive loan to Vulcan, one of the defense officials
involved in the deal said.
Let's wind down with this from Senator Patty Murray's office:
Government Accountability Office (GAO) announces investigation
into transfer of defaulted student loan portfolio from Education
Department (ED) to Treasury Department, other interagency agreements
Washington, D.C. – Today, U.S. Senators Patty Murray
(D-WA), Vice Chair of the Senate Appropriations Committee, Elizabeth
Warren (D-MA), Bernie Sanders (I-VT), Ranking Member of the Senate
Committee on Health, Education, Labor, and Pensions (HELP), and Tammy
Baldwin (D-WI), Ranking Member of the Senate Appropriations Subcommittee
on Labor, Health and Human Services, Education, and Related Agencies,
received a response to their request
from the Government Accountability Office (GAO), an independent
government watchdog, confirming the expansion of its investigation into
the Department of Education’s (ED) transfer of critical programs to
other agencies through interagency agreements (IAAs), including the
transfer of student loan default collections to the Department of the
Treasury. Following a letter
from Senators Murray, Warren, Sanders, and Baldwin, GAO previously
confirmed it had initiated an investigation into ED’s transfer of grant
programs for career and technical education and adult education to the
Department of Labor.
“These illegal agreements jeopardize the resources students and families rely on and weaken our nation’s education system,” said Senator Murray. “The
GAO’s investigation is an important step in protecting the programs
that serve our students and the rights they are entitled to by law. I’ll
keep fighting back to ensure our students and schools receive all the
support they deserve.”
Last summer, the Trump administration formalized an IAA moving the
day-to-day management of career and technical education and adult
education grant programs, like Perkins V and AEFLA, from ED to the Labor
Department. The Administration has since entered into nine other IAAs
moving the administration of large parts of the Department of Education
to other federal agencies. On February 19, the senators asked GAO to
investigate the agreements’ impacts on program costs, timely access to
funding, access to services, and quality of technical assistance for
grantees.
On March 11, the GAO confirmed it had opened an investigation into
ED’s transfer of grant programs to the Department of Labor and other
agencies, writing: “GAO accepts your request as work that is within the
scope of its authority.”
Now, GAO is expanding its probe. In the new letter,
GAO wrote that it has initiated work in response to the lawmakers’
February request for a review of the impacts of ED’s IAAs and that it
intends to initiate additional workstreams reviewing other IAAs
announced by ED, including the transfer of student loan default
collections from ED to the Treasury Department.
Thursday, May 28, 2026. Chumps strikes Iran again, his slush fund is universally despised as is Todd Blanche, the economy remains in the toilet, and much more.
Iran said it had
retaliated on Thursday against the United States by targeting an unnamed
American base in response to strikes in southern Iran, escalating
tensions amid negotiations to reopen the Strait of Hormuz and end the
war.
In recent
days, Washington and Tehran have suggested that they were close to
agreeing on a narrow agreement to allow commercial shipping to resume in
the strait. But on Wednesday, U.S. forces launched new strikes and
President Trump reiterated that he did not want the waterway to be under
Iranian control.
Iran’s
Islamic Revolutionary Guards said on Thursday that it had targeted a
base where the U.S. strikes originated but did not say where that was or
how it had been attacked. The guards warned that further U.S. strikes
would be met by an even “more decisive” response.
On
Thursday morning, the Kuwaiti military said that its air defenses had
intercepted hostile drones and missiles, but did not specify the origin
or extent of the attack. The United States has five military bases in Kuwait.
Hours earlier, American forces conducted strikes in southern Iran, the second round of attacks
this week. The United States knocked down four attack drones that a
U.S. official said Iran had launched over the Strait of Hormuz.
Iran said it targeted an American airbase Thursday, a response to new
U.S. attacks that it called a “blatant violation” of both the shaky
ceasefire between the two countries and international law.
The latest military exchange,
which appeared to draw in the United States’ ally of Kuwait, raised
further doubts about diplomatic efforts to end the war and reopen the
crucial Strait of Hormuz.
Hours earlier, President Donald Trump
signaled an agreement between the two sides wasn’t close, and that he
would not be rushed by either international economic pressure or the
political pressure of upcoming midterm elections.
Iran’s chokehold on the Strait
of Hormuz — which it has effectively shut off in response to the
U.S.-Israeli attack late February — has caused a global economic shock,
with prices rising for oil, natural gas, fertilizer and other essential
goods.
Trump also warned
Oman, another U.S. ally in the region, against partnering with Iran to
jointly control the Strait. “Oman will behave just like everybody else
or we’ll have to blow them up,” he said during a Cabinet meeting, before
adding, “They understand that. They’ll be fine.”
Chump is a con man, grifter and liar and he's assembled
people like him to staff the administration. Which is how we get Pete
Hegseth and others who lie about the amount of weapons. We called it
out at the start of the Iran War -- they were running out of weapons. Ben Finley (AP) reports now:
The weapons systems are Tomahawk cruise missiles, which are used to strike targets deep inside enemy territory, and Patriot and THAAD interceptors that defend against incoming missiles and drones.
“The
United States has enough munitions for any plausible scenario in the
Iran war, but the depleted inventories have created a window of
vulnerability for a potential Western Pacific conflict,” the Center for
Strategic and International Studies said in its new report, provided to
The Associated Press. “The time needed to rebuild those inventories has
thus become a major concern.”
The
US and Israel are "burning through" their supply of Tomahawk and
interceptor missiles in their war on Iran, alarming some in the
Pentagon.
According to officials speaking to
the Washington Post, the US has fired more than 850 Tomahawk cruise
missiles in four weeks of its war with Iran.
Only
a few hundred of the cruise missiles are manufactured each year and
while the Pentagon does not publicly disclose its numbers, one official
told the news outlet the number of Tomahawks left in the Middle East is
“alarmingly low”.
Tomahawks can travel more
than 1,000 miles, which allows the US military to hit targets in Iran
without sending pilots into a hostile airspace.
It has only gotten worse since then.
And as Ben Finley notes in his new report, the issue is not money, the issue is the time it takes to manufacture Tomahawks.
President Donald Trump spent roughly 10 minutes of a high-stakes cabinet meeting on Wednesday — convened amid delicate negotiations to end the U.S. war with Iran
— ranting about his efforts to renovate the Lincoln Memorial Reflecting
Pool, falsely claiming predecessors wasted "hundreds of millions" on
the landmark and repeatedly comparing it to a swimming pool.
"From
1922 on, it really never worked," Trump told cabinet members, calling
the pool — which he repeatedly referred to as a "reflecting lake" — an
embarrassment. "It was filthy dirty. It was Biden."
[. . .]
Trump
claimed the project would cost "like $10,000,000, maybe $12,000,000."
But federal records show the no-bid contract awarded to Atlantic
Industrial Coatings — a Virginia firm Trump chose because it had worked
on pools at his golf club — has already climbed to $13.1 million, more
than seven times his original estimate of $1.8 million. Critics also
note that Trump's plan does not address the pool's faulty filtration
system, which has caused chronic leaks for decades.
GOP
Representative Mike Flood had yet another disastrous town hall in
Norfolk, Nebraska, on Tuesday, as his constituents drowned him out with
grievances regarding the war on Iran, the White House ballroom, Jeffrey
Epstein, and President Trump’s “anti-weaponization” slush fund.
[. . .]
The
only thing Flood seemed to fully agree with the crowd on was Trump’s
$1.8 billion slush fund—a shameless plan to direct billions of taxpayer
dollars to Trump’s supporters who felt wronged or targeted by the Biden
administration—even those who attacked Capitol Police on January 6.
“I
do not think we should be creating a fund for people that commit
physical violence against law enforcement,” he said. “The Senate is
opening an oversight effort. And we in the House have to determine
whether we do the same in the Judiciary Committee or in the Oversight
Committee. I clearly think Congress needs to have an oversight role in
this before I can sign off or support this.”
President Donald Trump’s $1.7 billion “anti-weaponization fund”
is even more disliked among voters than previously known, according to
new internal GOP polling that has circulated among prominent GOP
organizations “in recent days,” sending several Republican operatives
into an all-out panic, Zeteo reported Wednesday.
“This
could really f--- us,” a “well-connected national GOP consultant” told
Zeteo, speaking on the condition of anonymity. “Why do you think
everyone’s so upset?”
[. . .]
“Far
too many Americans now view President Trump as corrupt, and that is
going to be a significant hurdle for Republicans this year at a time
when the voters want to be hearing about how you are making life easier
and cheaper for them or how you’re making the country safe – not about a
f------ ballroom,” said a former Trump administration official familiar
with the internal polling, speaking with Zeteo on the condition of
anonymity.
“This fund business just adds to
that perception. And Donald Trump isn’t the one whose name is on the
ballot this year, so he’s not going to be the one who really loses from
his decisions or rhetoric.”
Chump
shares the blame for this move with Acting Attorney General and Acting
Fool Todd Blanche. Blanche knows that Chump did not have grounds for a
lawsuit. As Dan Abrams pointed out early on in the discussion, Chump's
IRS leak took place in his first term so, when he started saying he was
going to sue this past January, the two year limit to file any kind of
lawsuit had passed. Chump got into trouble with a judge who questioned
how he could sue the government and be the one deciding on settling with
him? He was the prosecutor and the defendant. Then Chump announced he
was withdrawing his lawsuit (which would not have been allowed to go
through to begin with) and instead taking $1.776 billion for a fund that
would be overseen by people picked out by Blanche and that Chump could
fire at will who would award it to those poor January 6th
insurrectionists who had faced trials and jail time for attacking the
Capitol police and terrorizing Josh Hawley and assorted other members of
Congress. Oh, and the cherry on top, Chump and his family can never be
audited by the IRS and any ongoing audits would cease. Even the editorial board of THE NEW YORK POST is aghast, "The
Trump Justice Department settlement of the Trump IRS lawsuit looks
terrible. A blanket guarantee that the prez and his family will never
ever face an IRS audit? A $1.8 billon 'anti-weaponization fund,'
courtesy of the taxpayers, to be doled out to people who claim they were
victimized by Biden-era 'lawfare' -- with no evident need to even show
evidence?"
The
shocker is that, suddenly, congressional Republicans have taken a stand
against the madness that has infected the Justice Department (one
strain of it, at least). Democrats — and virtually every other human
with a brain and a pulse — were immediately outraged last week when the
DoJ unveiled a $1.776 billion (get it? 1776??) “anti-weaponization” fund
that would serve as a cash trough for January 6 rioters, including
those who were convicted of seditious conspiracy and assaulted police
officers, among others. Don’t fret, though. As Blanche confidently reassured CNN’s Paula Reid, “Just to be clear, people who hurt police get money all the time, okay?” (Okay, name one.)
But
outrage from the minority party in Congress mostly generates rhetoric
and headlines. It takes the party in power to actually do something. And
late last week, initial tremors from congressional Republicans swelled
into a full-blown earthquake. Republican Senate Majority Leader John
Thune tiptoed cautiously
at first toward dissent, noting that he was “not a big fan” of the fund
and that “our members have very legitimate questions” about it. One of
those members, Senator Thom Tillis, phrased it better: “I think it’s stupid on stilts.”
The situation devolved quickly for Blanche. The New York Times reported
the acting AG’s frantic effort to reassure Senate Republicans — who may
someday vote on his confirmation — went quite poorly. According to the
Times, the meeting turned into “a two-hour blowup in which dozens of
Republican senators vented their anger and concern about the president’s
fund at Mr. Blanche. They questioned its legal basis, whom it would pay
and how the process would work. And they made it clear they wanted no
part of the plan, the product of a deal struck between Mr. Trump’s
lawyers and his own administration.” Senator Ted Cruz confirmed
that Republican lawmakers were “screaming” at Blanche and that the
Trump administration’s slush fund could provoke “a full-on revolt in the
Senate.”
Now
Blanche finds himself in a tricky spot. He can’t stand behind the slush
fund and still realistically hope to be confirmed by the Senate as
attorney general, should he be nominated. Republicans hold a 53-47 edge,
but already at least four Republican senators are on record against the
fund in its current iteration. So Blanche will either have to stick
with the scheme and sacrifice his own shot at the top job — unlikely,
given that he has already shown he’ll do whatever it takes to advance —
or have to back off. Whether that means modifying the plan or abandoning
it altogether, it’s increasingly unlikely the slush fund will become
reality as presently constituted.
Liz Oyer, former pardon attorney at the Justice Department, called it
a criminal conspiracy. Former deputy U.S. solicitor general Philip
Allen Lacovara wrote that it looks like “a classic example of a
‘collusive settlement,'” which is “a species of fraud” that “[m]ost
typically … involve[s] self-interested deals in which a person with
insurance agrees to settle a bogus claim or commits to an unreasonable
payment in the home of foisting the costs on an insurance company.”
And
as Anna Bower and Eric Columbus of Lawfare noted, if payouts are made
to Trump-aligned individuals and companies, including people pardoned
for crimes associated with the riot at the U.S. Capitol on Jan. 6, 2021,
it could violate the Antideficiency Act, which makes “a federal crime
to ‘knowingly and willfully‘ spend money not appropriated by Congress.”
Second,
although Trump is operating as if he is above the law, there is room
for future courts to find liability for “creative crimes” he commits
while in the White House. In giving Trump criminal immunity for official
acts in July of 2024, the Supreme Court made clear that former
presidents can still be prosecuted for crimes involving unofficial acts.
This could theoretically cover even actions taken by Trump to minimize
his personal tax liability.
During Trump’s first term, even the friendly majority on the Supreme Court refused to protect his personal accounting firm
from having to turn over his tax returns to a number of congressional
committees. In 2022, it refused to block a lower court ruling that Trump
must disclose his tax returns and other financial records to the House
Ways and Means Committee.
Those decisions
signal a potential willingness on the part of five justices to recognize
a sliver of accountability for presidents even after their disastrous
criminal immunity decision in Trump v. U.S.
Third,
Trump’s self-serving deal for IRS immunity might not hold up in the
long run. The real question right now is not whether Trump has the
constitutional authority to grant himself tax immunity and extend it to
his sons and his business (he doesn’t), but whether voters will one day
elect an administration willing to bring cases ostensibly covered by the
addendum. If that happens, Trump’s defense team would undoubtedly seek
to have them thrown out under the terms of the addendum. In response,
the government would argue that the addendum should be given no weight
because Trump had no legal authority to grant himself such immunity in
the first place. The whole thing is bogus, so any attempt to use it as a
valid legal defense is bogus, too.
Blanche is infamous for saying "I love you, sir"
to Chump. Kiss up or latent behavior -- who knows? But it's not the
behavior of an Attorney General. And, sadly, that's no longer one of
the big problems facing Blanche. Colin Kalmbacher (LAW & CRIME) reports:
Acting U.S. Attorney General Todd Blanche is now the subject of a bar complaint filed with authorities in New York, according to a nonprofit government watchdog that is requesting an investigation.
"Blanche's
conduct potentially violated numerous Rules of Professional Conduct,"
the complaint reads. "Blanche's conduct in connection with the Abrego
Garcia matter is a serious abuse of public office, undermines the
integrity of the Department of Justice, and erodes public confidence in
the legal profession and in the fair administration of justice."
Earlier this month,
U.S. District Judge Waverly Crenshaw Jr., a Barack Obama appointee,
determined the evidence before the court "sadly reflects an abuse of
prosecuting power." The court went on to dismiss the indictment –
finding the prosecution vindictive and selective.
"The Court does not reach its conclusion lightly," Crenshaw wrote in the memorandum opinion.
"The objective evidence here shows that, absent Abrego's successful
lawsuit challenging his removal to El Salvador, the Government would not
have brought this prosecution."
Back to Chump's war of choice. Senator Tammy Baldwin notes the impact this war is having on farmers:
WISCONSIN – Today, U.S. Senator Tammy Baldwin (D-WI) visited
two farms in Janesville and Sharon to hear from Wisconsin farmers about
how President Trump’s war of choice in Iran is jacking up the cost of
fertilizer and fuel and hurting their operations. Senator Baldwin
visited Rebout Farms in Janesville, Wisconsin, which raises 4,200 acres
of corn, soybeans and wheat in Rock County, and Frontier Farms in
Sharon, Wisconsin, which specializes in soybeans, corn, and winter
wheat.
“Wisconsin farmers work hard to produce world-class products that
feed the world and power our rural economies. On top of Donald Trump’s
reckless trade war that shut off places to sell their products and
jacked up costs, Wisconsin’s farmers are now paying record high costs
for diesel and fertilizer in the middle of spring planting because of
this illegal war in Iran,” said Senator Baldwin.
“Today, I visited two Wisconsin farms to understand how Donald Trump’s
war of choice has created even more headwinds for Wisconsin farmers.
This much is clear: this war needs to end.”
One-third?of the world’s fertilizer passes through the Strait of Hormuz, and since the attacks on the shipping lane, prices have gone up?25%. Diesel prices have?also?jumped?75%?in the last?three?months, dramatically increasing?farmers’?costs?to?operate?their machinery.?Senator Baldwin has?repeatedly forced votes?in
the Senate to end Trump’s war in Iran that is hurting Wisconsin
farmers, families, and servicemembers. Senator Baldwin also leads bipartisan legislation
that would provide American producers with more accurate information on
prices for fertilizer and fertilizer products in response to
longstanding concerns over rising input costs.
As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store.
A combination of factors including bad weather, tariffs and a dwindling
cattle herd are already pushing up grocery prices at an above-average
pace. In April, they rose by the most in nearly four years, and
economists say the impact of the Iran war and a potential El Niño
weather pattern will only add to pressures into 2027.
The hit to US household finances from higher
grocery bills is set to intensify just ahead of the November midterm
elections, amplifying affordability as a defining issue. And to a
greater extent than the surge in gas prices, the slower-moving food
shock will be difficult to reverse quickly because the size of autumn
harvests is determined by planting decisions made in the spring.
“It’s
going to be a challenging year,” said Ricky Volpe, an agribusiness
professor at California Polytechnic State University who previously
worked at the US Department of Agriculture’s Economic Research Service.
“Food is going to become less affordable, and consumers should be
prepared for it.”
Let's wind down with this from Senator Elizabeth Warren's office:
“If we overhaul our tax code and tax AI, we can use that money to build a country that works for everyone.”
“The American people deserve to share in the success of this technology.”
Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.) published an op-ed in TIME making the case that any solution to the problems posed by AI must include taxing AI and investing in people.
Specifically, the senator calls for overhauling the rigged tax code,
including by taxing the wealthy and making corporations pay their fair
share, to ensure the economic gains from AI benefit all Americans. The
senator also calls for a new tax on AI companies that would tax the
energy usage of data centers powering AI.
Americans are hanging on by their fingernails in an economy that
funnels wealth to the ultra-rich and leaves crumbs for working people.
AI threatens to supercharge this divide: tech executives have warned that AI could lead to “a level of wealth concentration that will break society” and create a “permanent underclass.”
I refuse to accept that future. Building an economy that works for
all of us will require multiple policy responses. But it starts by
acknowledging: it’s time to tax AI and invest in people.
AI holds tremendous promise. At the same time, Americans are rightly concerned that AI could further rig our economy. The technology is creating dozens of tech billionaires, while companies are laying off workers in the name of AI. Meanwhile, AI data centers are jacking up utility bills; for families living near large data centers, electricity costs have skyrocketed by as much as 267%
over the past five years. It’s no surprise that Americans are showing
up at town meetings to protest data centers and communities across the
country are fighting for data center moratoriums.
Big Tech CEOs say this is only the beginning, predicting that AI will soon automate
most white-collar tasks. Yes, some of this may be hyperbole. But there
is no denying that AI is already changing the labor market. And because
health care is often tied to a job, an AI wave could cost a family more
than a lost paycheck. Even those whose jobs and insurance remain intact
could be hit: experts warn that the hype around AI is fueling a financial bubble that threatens another economic crash.
Policymakers undoubtedly need to regulate AI and protect against its
worst-case harms, like cyber attacks, which could impact our financial system and national security.
We must also tackle the problem of AI’s accelerating demand for energy
and ensure that families’ utility bills don’t skyrocket. And we need
greater scrutiny of the murky world of private credit that finances a big chunk of AI deals so they don’t topple our economy.
But any response to a looming AI crisis must also tackle our rigged tax code.
Taxing AI is one way we make sure the winnings from AI benefit all
Americans, rather than channeling them only to the wealthy few. If
millions of people lose their jobs to AI, we’ll need the funds to
deliver universal health care so those workers are not bankrupted by a
visit to the doctor. If AI transforms the future of work, we'll need to
invest in free education and apprenticeships and a new jobs guarantee so
that all Americans have good-paying work. And while workers get back on
their feet, we’ll need the revenue to bolster unemployment insurance to
keep families afloat. The only way we can get there is by overhauling
our tax code.
We can start by making corporations pay their fair share. Right now,
companies pay payroll taxes for their workers but get tax breaks for
investing in technology—effectively, a tax penalty for hiring human
beings and a tax break for buying equipment. In an AI world, that means
our tax code is incentivizing corporations to fire people and replace
them with AI. That’s wrong. We need to level the playing field by
raising taxes on corporations and capital gains and closing corporate
loopholes. One way to tackle those loopholes? Strengthen the minimum tax
for billionaire corporations, which I helped pass into law.
But there’s more. Some of the wealthiest individuals in America get
away with paying lower tax rates than a Boston public school teacher
because our system taxes income but not wealth. AI billionaires are
running the same playbook: get rich off massive stock valuations and
avoid paying the taxes that would be owed if those funds were earned as
salary. If it wasn’t clear before, there’s no question in a world of AI:
we need a wealth tax. Jeff Bezos and Sam Altman shouldn’t pay lower tax
rates than the workers they fire.
Rethinking our tax code must also include going to the source: that
means taxing AI companies directly, which can start with taxing AI data
centers. The majority of AI data centers are controlled or operated
by trillion-dollar companies. By imposing a reasonable excise tax on
the energy used by data centers, families could recoup some of the gains
of AI, while America continues to stay competitive in the AI race. A
well-designed tax would focus on the companies that can afford it and
scale with AI’s impact: the bigger the data center, the more they pay.
We can't be afraid to consider even bigger and bolder proposals to
tax AI too, including ideas that sound radical today but may quickly
become common sense. Because here’s what I see clearly: if we overhaul
our tax code and tax AI, we can use that money to build a country that
works for everyone. A country where health care is treated as a human
right, where every American is guaranteed a good job, and where
education isn’t a privilege reserved for the wealthy. That’s what I
believe taxing AI promises.
AI was trained on human creativity and intelligence, AI was funded in
part by federal investments in scientific research, and AI is powered
by data centers that are built on American land and use our shared
electric grid. The American people deserve to share in the success of
this technology. And I’m willing to work with anyone to get it done.