This week started with a strong reaction on the stock market, but Maria Bartiromo warns against knee-jerk reactions to market selloff. Knee-jerk is an immediate unthinking emotional reaction produced by an event or statement to which the reacting person is highly sensitive; it`s origin is thus: from the tendency of the knee to jerk involuntarily when hit sharply, properly called the patellar reflex.
Apple can plunge because of the virus disaster in China, but not all the American blue chips are like Apple. Check your portfolio and find out what exposure your companies have. You don`t have to sell all your stock today, Maria said live on Fox on Monday.
The Hate Trump Media Mob said Trump will never be a president. The day he was inaugurated, they said he was stupid becuase he wanted to cut taxes. They also said he can`t run the White House like a corporation.
But millions of people voted for Trump and it seems like the majority of the people did the right thing. 61% of the Americans say they are better off today than three years ago (Gallup). Trump made it easier for for ordinary people and corporations by cutting the taxes, and this is why the American economy is booming.
Barak Obama want some credit for it. «Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,» he wrote in a tweet yesterday.
Former Reagan economist Art Laffer said it is the longest recovery in the U.S history, and it is all because of Trump.
Obama printed money but the recovery was very slow. When Trump entered the White House, things changed very fast. The difference between Obama and Trump is that Obama is a politician while Trump is an economist.
Trump is a businessman and he know how it works. In addition, he have support from economists like Steven Terner Mnuchin and Larry Kudlow. Mnuchin is an American investment banker and civil servant. He is also a former hedge fund manager and investor.
As Secretary of the Treasury, Mnuchin supported the tax reform of 2017 and advocated reducing corporate tax rates. He also supports a partial repeal of Dodd-Frank, citing the complexxity of the legislation.
Kudlow has also been in the game for a very long time. He is an American financial analyst and former TV host. He began his career as a junior financial analyst at the New York Federal Reserve. Later on, he jumped ove to Wall Street.
Kudlow joined the administration of Ronald Reagan as associate director for economics and planning in the Office of Management and Budget.
The U.S has strongest most durable economy in the world, Obama said during his 2016 State of the Union address. The job growth was strong under Obama. At that time, America has put more people to work than Europe, Japan, and all advanced economies combined, so Obama was correct.
I don`t care about left and right. For me they all on the same team. Let`s call it Team America.
The nationalist trend continues in Europe. Similar to the United States under president Trump. A poll on Friday last week revealed that Chancellor Angela Merkel`s party CDU dropped from 21,7 percent to «only» 12 percent. What a bombshell.
Only a few days later, we have a new bombshell. This time it is in Ireland were Sinn Fèin are celebrating a historic result. Sinn Fèin won 37 seats which is an increase of 14 on the 2016 election. Fianna Fàil lost 6 seats, but is the largest party with 38 seats. Only one more.
The IRA`s former political wing Sinn Fèin`s leader Mary Lou McDonald said the outcome was «something of a revolution in the ballot box». Sinn Fèin used to be a political wing of the Irish Republican Army (IRA), which fought for Irish unity during the decades-long sectarian conflict known as “the troubles.”
This election has been different from others and the main issues has been housing, healthcare and childcare. The answer to that is the nationalist party Sinn Fèin which is not a left-wing party but a nationalist party. A party more like a pragmatic party according to specialists.
This is a complicated phenomen because the party was changed to Sinn Fèin – The Worker`s Party in 1977 and then to the Workers’ Party in 1982. The party has been closely associated with the IRA. Natable organisations that derived from it include Democratic Left and the Irish Republic Socialist Party.
Before the split with the terrorist organisation IRA in 1969-1970, the Workers’ Party was a Marxist-Leninist political party. But the Marxist outlook became unpopular with many of the more traditionalist republicans, and the party/army leadership was criticised for failing to defend northern Catholic enclaves from loyalist attachs.
(These debates took place against the background of the violent beginning of what would become «The Troubles»).
Mr. Varadkar`s center-right party Fine Gael slumped in opinion polls amid crisis in housing and healthcare. They have been trading power for decades along with another center-right party Fianna Fail. A duopol that is now coming to an end.
Both center-right parties had ruled out an alliance with Sinn Fèin during the campaign, and Mr Varadkar said Sinn Fèin was «not a normal party.»
Sinn Fèin support a policy of «critical engagement with the EU», and have a «principled opposition» to a European superstate. It opposes an EU constitution because it would reduce the sovereignty of the member-states.
It also criticises the EU on grounds of neoliberalism. Sinn Fèin MEP Matt Carthy says the «European Union must become a cooperative union of nation states committed to working together on issus such as climate change, migration, trade, and using our common strengths to improve the lives of citizens.
If it does not, EU disintegration becomes a real possibility.
The phrase «Sinn Fèin» is Irish for «Ourselves» or «We Ourselves».The name is an assertion of Irish national soverignity and self-determination; i.e., the Irish people governing themselves, rather than being part of a political union with Great Britain (England, Scotland and Wales) under the Westminister Parliament.
Sinn Fèin is the largest Irish republican party, and a republican document of the early 1980`s stated: «Both Sinn Fèin and the IRA play different but converging roles in the war of national liberation. The Irish Republican Army wages an armed campaign….. Sinn Fèin maintains the propaganda war and is the public and political voice of the movement.
The British government stated in 2005 that «we had always said all the way through we believed that Sinn Fèin and the IRA were inextricably linked and that had obvious implications at leadership level.»
«This is not a protest vote», leader of Sinn Fèin Mary Lou McDonald said on national TV yesterday. Why people voted for Sinn Fèin is their deep dissatisfaction with the traditional big two parties in Ireland. What people ask for is an alternative party for government. Huh…sounds like AfD in Germany. Another alternative party.
The risk now is a destabilisation of the Good Friday Agreement. The Belfast Agreement is a pair of agreements signed on 10 April 1998 that ended most of the violence of the Troubles. A political conflict in Northern Ireland that had been going on since the 1960`s.
It was a peace agreement between the British and Irish governemtns, and most of the political parties in Northern Irealand, on how Northern Ireland should be governed.
Wow. This is a bombshell. And German Chancellor Angela Merkel is shocket. So are the majority of the German citizens. Germany`s ruling party Christian Democratic Union (CDU) will lose almost half of their votes in case of a new elections in the state of Thuringia.
The right-wing to far-right political party in Germany Alternative for Germany (AfD) are on the rise. A party founded only seven years ago. Autraged critics have compared the Thuringia election with the rise of Adolf Hitler.
In 1930, Adolf Hitler was celebrating. «Our biggest success we had in Thuringia,» he wrote. There we are the most significant party. The parties in Thuringia trying to create a government cannot secure a majority without our co-operation.»
A poll released earlier today, Friday, revealed that CDU is dropping from 21,7 percent to 12 percent.
Ex-Prime Minister of Belgium and pro-EU Guy Verhofstadt protested and sent a message on social media on Friday. He released a photograph of a newly elected Mr Kemmerich shaking hands with Thuringia`s hard-right AfD leader Bjorn Hocke, and juxtaposing it with one of Hitler greeting the then German president Paul von Hindenburg.
The AfD`s initial supporters were the same prominent economics, business leaders, and jornalists who had supported the Electoral Alternative 2013, who had previously challenged the constitutionality of the German government`s eurozone policies at the Federal Constitutional Court.
AfD`s ideology is German nationalism, Ultranationalism, Right-wing populism, Euroscepticism, National conservatism, Social conservatism, Economic liberalism, Anti-Islam, Anti-immigration, Anti-feminism, Direct democracy, Climate change denier and Right-wing to far-right.
According to its interim electoral manifesto, the party is against same-sex marriage and favours civil unions. The party is also against adoption for same-sex couples. The left-leaning newspaper Die Tageszeitung described the group as advocating «old gender roles».
Wolfgang Gedeon, an elcted AfD representative, has included feminism, along with «sexualism» and «migrationism», in an ideology he calls «green communism» that he opposes, and argues for family values as part of German identity. As AfD has campaigned for traditional roles for women, it has aligned itself with groups opposed to modern feminism.
Thomas Kemmerich of the Free Democratic Party (FDP) was elected as the state prime minister of Thuringia with the votes of the CDU and the right-wing Alternative for Germany (AfD) on Wednesday.
Many people believe that Kemmerich`s election with the help of the AfD would have effects beyond the state and endanger the stability of the political system in Germany.
After Kemmerich`s election, leading politicians of most German parties critized process and called for a new elections in Thuringia. On national level, all major parties have shunned cooperation with the AfD.
Angela Merkel described Kemmerich`s AfD-backed election as «unforgivable».
The impeachment is over. It was unfair and constitutionally incoherent dangerous. The Hate Trump Media Mob said Abuse of Power about Trump`s behaviour, but that is a lie. It is the House that has abused its power. Not Trump.
The U.S Senate Majority Leader Mitch McConnel said this on the Senate floor regarding the Senate Impeachment Trial yesterday:
«These past weeks, the Senate has grapped with as grave a subject as we ever consider: A request from a majority in the House of Representatives to remove the president.
«The Framers took impeachment extremely seriously. But they harbored no illusions that these trials would always begin for the right reasons. Alexander Hamilton warned that the demon of faction would extend his scepter over the House of Representatives at certain seasons.
«He warned that an intemperate or designing majority in the House might misuse impeachment as a weapon of ordinary politics rather than an emergency tool of last resort.
McConnell said it`s the House that has abused its power. Not Trump.
«They called the Senate, quote; the most fit depositary of this important trust. Tomorrow, we will know whether that trust was well placed.
«The drive to impeach President Trump did not begin with the allegations before us. Here was reporting in April of 2016; Donald Trump isn`t even the Republican nominee yet….. (but) Impeachment is already on the lips of pundits, newspaper editoras, constitutional scholars, and even a few members of Congress.
Did you see that? The impeachement started long before he was elected. Huh…. (editors note).
«Here was the Washington Post headline minutes after President Trump`s inauguration: The campaign to impeach President Trump has begun.
«The articles of impeachment before us were not even the first ones House Democrats introduced. This was go-around number seven. Those previously-alleged High Crimes and Misdemeanors included things like being impolite to the press and to professional athletes.
«This insults the intelligence of the American people to pretend this was a solemn process relutantly begun because of withheld foreign aid. No, Washington Democrats position on this President has been clear for years.
«Their position was obvious when they openly rooted for the Mueller investigation to tear our country apart were disappointed when the facts proved otherwise. It was obvious when they sought to impeach this President over and over.
«Here`s their real position; Washington Democrats think President Donald Trump committed a High Crime or Misdemeanor the moment he defeated Secretary Clinton in the 2016 election. That is the original sin of this presidency: That he won and they lost.
«Ever since, the nation has suffered through a grinding campaign against our norms and institutions from the same people who keep shouting that our norms and institutions need defending.
«A campaign to degrade our democracy and deligitimize our elections from the same people who shout that confidence in our democracy must be paramount.
«We have watched a major American political party adopt the following absurd proposition: We think this president is a bull in a china shop, so we`re going to drive a bulldozer through the china shop to get rid of him.
«This fever led to the most rushed, least fair, and least thorough presidential impeachment inquiry in Amerian history.
« The House inquiry into President Nixon spanned many months. The special prosecutors investigation added many more months. With President Clinton, the independent counsel worked for years.
«Here`s how Chairman Schiff put it back in October. Quote: Any action,,,,, that forces us to litigate, or have to consider litigation, will be considered further evidence of obstruction of justice.
«That is nonsense. Impeachment is not some magical constitutional trump card that melts away the seperations between the branches of government. The Framers did not leave the House a secret constitutional steamroller that everyone somehow overlooked for 230 years.
«When Congress subpoenas executive-branch officials with questions of privilege, the two sides either reach an accommodation or take to the courts.
«That is the way this works.
«The abuse of power charge is just as unpersuasive and dangerous.
«By passing that article, House Democrats have into a temptation that every previous House has resisted. They impeached a president without even alleging a crime known to our laws.
(How in the world is it possible? Editors note).
«I do not subscribe to the legal theory that impeachment requires a violation of a criminal statue. But there are powerful reasons why, for 230 years, every presidential impeachment did allege a criminal violation.
«The Framers explcitly rejected impeachment for maladministration – a general charge under English law that basically encompassed bad management; a sort of general vote of no confidence. Except in the most extreme circumstances, except for acts that overwhelmingly shocked the national conscience, the Framers decided presidents must serve at the pleasure of the electorate and not the pleasure of House majorities.
«As Hamilton wrote: it is one thing to be subordinate to the laws, and another to be dependent on the legislative body.
«So House Democrats sailed into new and dagerous water. The first impeachment unbound by the criminal law. Any House that felt it needed to take this radical step owed the country the most fair and painstaking process; the most rigorous investigation; the most bipartisan effort. Instead, we got the opposite. The exact opposite.
«The House Managers argued that the President could not have been acting in the national interest because he acted inconsistently with their own conception of the national interest, a conception shared by some of the President`s subordinates.
«This does not even approach a case for the first presidential removal in Amercan history.
«Such an act cannot rest alone on the exercise of a constitutional power, combined with concerns about whether the President`s motivations were public or personal, and a disagreement over whether the exercise of the power was in the national interests.
«The Framers gave our nation an ultimate tool for evaluating a President`s character and policy decisions. They`re called elections.
«Frankly, it is hard to believe that House Democrats ever really thought this reckless and precedent-breaking process would yield 67 votes to cross the Rubicon. Was their vision so clouded by partisanship that they really believed this would be anywhere near enough for the first presidential removal in American history?
«Or was success besides the point? Was this all an effort to hijack our institutions for a month-long political rally? Either way, the demon of faction, has been on full display. But now it is time for him to exit the stage.
«We have indeed witnessed an abuse of power: A grave abuse of power by just the kind of House majority the Framers warned us about. So tomorrow, the Senate must do what we were created to do. We have done our duty. We have considered all arguments. We have studied the «mountain of evidence.» And tomorrow, we will vote.
«We must vote to reject the House`s abuse of power. Vote to protect our institutions.
«Vote to reject new precedents that would reduce the Framers design to rubble.
«Vote to keep factional fever from boiling over and scorching our Republic.
«I urge every one of our coleagues to cast the vote that the facts in evidence, the Constitution, and the common good clearly require.