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WarGamer

WarGamer's Journal
WarGamer's Journal
May 31, 2024

Lost in all the champagne corks flying... NY Court of Appeals grants Trump permission to sue Mary Trump.

https://www.yahoo.com/news/donald-trump-sue-niece-over-161215365.html

NEW YORK (Reuters) -A New York state appeals court said Donald Trump can sue his niece Mary Trump for giving the New York Times information for its Pulitzer Prize-winning 2018 probe into his finances and his alleged effort to avoid taxes.

The Appellate Division in Manhattan found a "substantial" legal basis for Donald Trump to claim that his niece violated confidentiality provisions of a 2001 settlement over the estate of his father, Fred Trump Sr.

A five-judge panel said it was unclear whether Mary Trump's disclosures were subject to confidentiality, or how long both sides intended the provisions to remain in effect.
May 30, 2024

A broken clock... and Trump actually said something prescient.

I agree 1000%

https://www.nbcnews.com/video/trump-reacts-after-guilty-convictions-the-real-verdict-is-going-to-be-nov-5-211962949614

Former president Donald Trump said the "real verdict" would be the US election in November after a New York jury convicted him on all charges in his hush money case on Thursday.


November 5th is for all the marbles...

GOTV.

An electoral defeat and he's reduced to the ash heap of history.

A victory... and while I don't believe in the whole "Democracy will be lost" stuff... I can foresee a vengeance based orgy of destruction and chaos for 4 years... and that would be VERY BAD for the US and the world.
May 28, 2024

A Unique Election Driven by a Traditional Issue

Not happy news... but it's the best written summary of the race as of today... ignore it at your own risk.

https://www.cookpolitical.com/survey-research/2024-swing-state-project/unique-election-driven-traditional-issue

The Cost of Living Defines This Election

Many Democrats wonder why Biden isn’t getting more credit for an economy where unemployment is at record lows, the stock market is booming, and the post-COVID economic hangover has lifted. But those aren’t the measuring sticks that voters use to gauge the health of the economy. When asked what they thought the best markers of a strong economy were, few (6%) picked the stock market, only 13% picked low unemployment, and just 9% chose household income. Instead, a healthy majority (54%) said the cost of living was the best way to measure the strength of the economy. And, not surprisingly, 51% of voters also think that inflation is the “worst/weakest” part of the economy.

In other words, in the minds of voters, inflation is the engine — not the caboose — of the economy. Moreover, 59% of voters think that President Biden has control over inflation and rising costs. This helps explain why Biden’s approval rating on the economy is deeply underwater at -20 (40% approve to 60% disapprove). Meanwhile, perceptions of Trump’s handling of the economy when he was president, marked by low inflation but huge job losses from COVID, are overwhelmingly positive, with 62% approving of how he dealt with economic issues.











May 17, 2024

Good read... How Could Trump's New York Hush Money Trial End?

https://www.brennancenter.org/our-work/research-reports/how-could-trumps-new-york-hush-money-trial-end

The main takeaways being...

Trump is charged with 34 Class E felony counts, which are punishable by imprisonment for more than one year. If the former president is found guilty, he could serve between a year and four months and four years in prison for each count, though a prison sentence is unlikely.

This scenario has received little attention but is worth mentioning. Trump can be convicted of the misdemeanor charges of falsifying business records even though the indictment only charges him with felony counts.

If convicted, his case would be heard by the First Department of the New York Supreme Court’s Appellate Division, and it could potentially be appealed again to the New York State Court of Appeals, which is New York’s highest court. Notably, that court just overturned Harvey Weinstein’s 2020 sex crimes conviction.




The misdemeanor part is notable because the crux of the prosecution case to make a felony... is proving the falsification was done for electoral reasons. The misdemeanor conviction may be the compromise position in the jury room IF there are disagreements.
April 30, 2024

The U.S. national debt is rising by $1 trillion about every 100 days

This topic isn't discussed enough.

Here's the deal. Some argue that debt is irrelevant and I disagree. Here's why.

The US Gov't SELLS it's debt... auctions bonds. Right now... the US is paying around 5% (ish) to borrow money.

Some people may say "That's ok WG, that interest is going to little old Ladies in Sheboygan"

Yeah, actually it's NOT. You see... the REALLY wealthy are looking for a safe place to PARK billions. So they buy Fed treasuries and collect the interest.

For every $100M invested, the US Gov't PAYS 5 Million DOLLARS a year. Oh let me rephrase that. School teachers, auto mechanics, nurses and McDonalds employees pay billionaires to PARK their cash in US Treasuries.

And guess what? Foreign countries ALSO buy US debt... to collect the Cheddar paid by the US taxpayer.

This nation... other than Bernie Sanders and Elizabeth Warren... has an aversion to REALLY fixing the "incoming" side of the US budget.

I'm really liking the "mint the trillion dollar coin" idea... and then starting from scratch, balancing budgets annually.

Our tax system... our wealth inequality issue is fatally broken. All this talk of incrasing marginal top rates from 37% to 39.6% or 40% are a joke... people like Musk, Bezos and Zuck are LAUGHING at the thought...

The truly RICH DO NOT HAVE REGULAR INCOME.

#WealthTaxNow


https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.

The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.

U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 trillion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.


April 29, 2024

That noise you just heard...

Tim Scott whooping and hollering pumping his fist in the air at the Noem vs Dog story.

He's certainly the favorite now... also he's getting married over the summer... can't have the Right Wing questions about a single 50-something man...

https://nymag.com/intelligencer/article/potential-trump-vp-tim-scott-wedding.html

Maybe this is a real-life romantic comedy: Scott, a lonely guy focused on his career in D.C., traveled back to his home state and happened to meet his true love when he least expected it. Or perhaps this is a more cynical tale: A politician acquired a romantic partner because he was worried the GOP would never accept an unmarried 58-year-old man as its vice-presidential nominee. The only thing we know for sure: The timing of the Scott-Noce nuptials isn’t going to solve this mystery.


April 25, 2024

Presidential Immunty, not a black and white issue... lots of gray area.

Unconditional immunity is a non-starter, obviously.

But can a former POTUS be charged with crimes involving legitimate use of Presidential powers?

How many times have US missiles accidentally hit a wedding party or some thing?

Remember Anwar al-Awlaki?

an American-Yemeni Islamic scholar and lecturer who was killed in 2011 in Yemen by a U.S. government drone strike ordered by President Barack Obama. Al-Awlaki became the first U.S. citizen to be targeted and killed by a drone strike from the U.S. government. U.S. government officials argued that Awlaki was a key organizer for the Islamist terrorist group al-Qaeda, and in June 2014, a previously classified memorandum issued by the U.S. Department of Justice was released, justifying al-Awlaki's death as a lawful act of war. Civil liberties advocates have described the incident as "an extrajudicial execution" that breached al-Awlaki's constitutional right to due process, including a trial.


How many would advocate for ZERO Presidential immunity?

Certainly the al-Awlaki strike was justified but if not for Presidential immunity, some future political foe might prosecute for something like this?

So here's the GRAY AREA.

There must be a mechanism to extend immunity when legally appropriate and deny immunity when the acts aren't covered by law.

That mechanism is probably the Federal Court System.



April 19, 2024

Watching some Fox News... war monger bastards.

Each and every guest suggesting US forces directly strike Iran or their proxies to protect Israel...

Ever notice the bully is at his worst when his big friend is with him?

If the US cut off Israel... maybe they'd try to find PEACE in their neighborhood?

April 18, 2024

US Mortgage Rates Surge to Highest Since November, Hitting 7.1%

This is important.

When polling shows the unpopularity of the economy...

Pretty much no one is judging GDP, UE numbers and certainly not the economies in other countries.

Average Americans spend money on food, shelter and transportation.

Food is crazy expensive and housing and automobiles are a lot more expensive than they were a few years ago.

Here are the details:

COVID pushed mortgage rates to sub 3% territory...

But the average between 2015 and 2020 is around 4%

So you were home shopping in 2019, before COVID...

With your income level, the bank will approve you for a 387,000 loan. With a 20% down payment, that's a $484,000 house.

$1848 payment.

So today... That 484,000 house, depending on region has appreciated 40-50% and now costs... approx $700,000

So a $140,000 down payment, $560,000 mortgage...

$3800 payment.






Oh and that new car...

2019 Toyota Camry, 3.9% interest rate.
30k car, assume no down, $468/mo

2024 Toyota Camry, 7.9% interest rate.
30k car, assume no down, $525/mo


Food, Housing, Transportation... that's what 90% of the population perceives as the "economy"

https://finance.yahoo.com/news/us-mortgage-rates-surge-highest-160000474.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKX5dMH2MLLnDOnPVW33q7vuODRIj7csMRwenuXcX9EZ9o48g_WoizQzAv_o_dY-3aNffUuOgma_ER6qLpi9opBVpI-_h2fxlcEHc5y41wGTH9dyizy3jt6b_0qeDvHkW9pjnSFNtqBcAA-Z-qe818q4QQl1U8wH6kWC2VRtHZMy

The average for a 30-year, fixed loan was 7.1%, up from 6.88% last week, Freddie Mac said in a statement Thursday.

Buyers are confronting a tough market with tight inventory. Rising borrowing costs and high prices have pushed the median monthly housing payment in the US to a record, according to Redfin Corp. That’s weighed on home sales, with transactions for previously owned properties dropping 4.3% in March from February, National Association of Realtors data showed.

“As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year,” Sam Khater, Freddie Mac’s chief economist, said in the statement.


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Name: J
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Hometown: SoCal
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Member since: Mon Feb 1, 2021, 09:27 PM
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