Getting Petty…

Don’t you think the MSM going after the President on a statement a week ago that Alabama could be hit by the hurricane is beyond petty? ABC even said its a federal crime to put up a false weather map. Really? The President has been out front on this and there is plenty to criticize, but his leadership here is not and it makes the media look small.

A NYT headline story today:
Trump Heads Into 2020 With No Clear Policy Agenda. But It May Not Matter.
Mr. Trump’s primary focus, according to one Republican pollster, is to connect his actions as president to positive economic news “in such a way that people understand and see how it’s personally translating in their lives.”
Do you think the President has no agenda? Hey NYT, you have criticized his policies and positioning of “America First” from the outset. Really, with this headline?

Here’s a case of double fault. Border security.
First, congress has failed in it’s role of securing the border. Totally failed.
Then the President promised a wall and that “Mexico will pay for it”.
So now we face a crisis and how to fund the wall. So the administration, since Mexico won’t pay and Congress refuses to give support, is finding ways to fund.
Yesterday it announced a plan to move $3.6 billion from military budgeted construction projects to build part of the border wall.
NANCY PELOSI who has been against the large increases in defense spending immediately said this: “My view of it is that stealing money from military construction, at home and abroad, will undermine our national security, quality of life and morale of our troops, and that indeed makes America less safe”.
Wait, you voted against any increased spending to start. We are already spending more than you wanted. What hypocrisy.

Shifting funds for the wall projects would delay as many as 127 military projects. Yesterday the Pentagon released a list and several are in states with Republican senators facing competitive re-election races in 2020—opening up a fresh line of attack for Democrats.
Arizona, Colorado and North Carolina are among the 23 states that will see military projects defunded under the move. Sens. Martha McSally (R., Ariz.), Cory Gardner (R., Colo.), and Thom Tillis (R., N.C.) each supported Mr. Trump’s emergency declaration, and they are each up for re-election this year in the closely contested swing states.

Some positive news for the market today:
China said Thursday its trade representatives will fly to Washington in early October to resume negotiations with the United States, raising the possibility that both sides might arrest a recent deterioration in the bilateral relationship that has cast a shadow over the world economy.
China is going to monitor the election and if they think Trump will win we will see a deal.

Iran Saga Continues. This from Politico:
Iran ratchets up pressure ahead of weekend nuclear deadline: Iranian
officials ratcheted up pressure Wednesday ahead of a weekend nuclear
deadline for European nations to come up with a solution for Iran to sell
its oil abroad in the aftermath of escalated U.S. sanctions. President
Hassan Rouhani reiterated a threat that Tehran would take additional
steps away from the 2015 nuclear accord on Friday and accelerate its
nuclear activities if Europe fails to provide a solution, calling it Iran’s
third, ‘most important step’ away from the deal.‘Iran’s third step is of
an extraordinarily significant nature,’ Rouhani said, without detailing
what that would entail, but saying a ‘decree will be announced today or
tomorrow.’
Iran remains issue one in the world today.

An illustration of the problem with gun regulations.
It was reported yesterday that the Texas shooter from this weekend was banned from buying guns. Gunman Seth Aaron Ator was barred under federal law because he was mentally unfit, according to law-enforcement officials. 
Yet he was able to do so. That is a problem, and we favor personal to personal gun sales also go through the approval process that buying a gun at dealer does. Doesn’t that just make sense? Yet it doesn’t happen today.



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