Tag: trump presidency
Happy Fourth! Pride In America Plunges Under Trump Presidency (Again)

Happy Fourth! Pride In America Plunges Under Trump Presidency (Again)

Americans’ pride in their country has tumbled to a new low, according to a poll released on Monday. Not only is pride at its lowest point since Gallup began asking the question in 2001, but the share has fallen nine points under President Donald Trump this year alone.

Fifty-eight percent of U.S. adults say they feel extremely or very proud to be an American. A year ago, when former President Joe Biden was in office, that number was 67 percent. The highest level of American pride Gallup has measured came in 2002 and 2004, when 91% of Americans were extremely or very proud following the terrorist attacks of September 11, 2001.

While Republicans’ pride in being American has increased by seven points since last year, the decline was precipitous among Democrats (down 26 points) and independent voters (down seven points).

There was also a generational divide, with 41 percent of people in Generation Z (born between 1997 and 2012) expressing pride in being American, compared with 58 percent of millennials, 71 percent of Generation X, 75 percent of baby boomers, and 83 percent of people in the Silent and Greatest generations (people born before 1946).

The decline comes as Americans, including millions who backed Trump, are now dealing with the fallout from his second presidential term.

He has started an expensive trade war with much of the world, increasing the costs of doing business for American companies and farmers while also making many household staples more expensive. Trump has responded to these concerns with advice like telling little children to purchase fewer dolls.

Another pressing concern is Trump’s wholehearted embrace of authoritarianism. He has instructed Immigration and Customs Enforcement to attack American cities, abducting vulnerable people—including students—off the street in broad daylight.

Trump has even chosen to arrest and charge Democratic officeholders for attempting to provide oversight of his actions, or roughing them up for dissenting from his administration.

Trump is rolling back civil rights gains by LGBTQ+ Americans and using his administration to erase boundary-breaking achievements by Black people and women.

Everyday Americans brace to see what new way Trump and his team will use their positions of power to enrich themselves, abuse others, or make America look clownish on the international stage.

Reprinted with permission from Daily Kos.

With 'Memecoin,' New Trump Presidency Reworks An Old Con

With 'Memecoin,' New Trump Presidency Reworks An Old Con

Right before his inauguration, Donald Trump issued a $TRUMP meme coin featuring a defiant him pumping his fist after an assassination attempt. Shortly after their release, the market capitalization for $TRUMP coins passed $5 billion.

Oracle of Omaha Warren Buffett once called bitcoin "rat poison squared." Jamie Dimon, chief at JPMorgan Chase, noted that "it's got no intrinsic value," adding, "I remember when Beanie Babies were selling for $2,000 a pop."

Beanie Babies. Back in the 1990s, crowds pushed their way into toy stores to get in on Beanie Babies. TV hucksters would claim that a $1,500 investment in a Beanie Baby today could be worth $75,000 in 10 years.

What were Beanie Babies? They were cute animal dolls, basically pieces of fabric stuffed with plastic pellets. Most anyone with a sewing machine could make a Beanie Baby replicant. To protect against copies, creator Ty Warner had heart-shaped Ty tags attached to each. (Though tags were counterfeited as well.)

To drive up the prices of a $5 toy, Warner worked the psychology of scarcity through limited supplies and selective distributions. Bitcoin promoters likewise argue that the limited supply of the cryptocurrency maintains the investment's value.

Bitcoin's price is fueled by the Greater Fool Theory — that the fool who buys it needs only find a bigger fool to pay more for it than he did. That's how Beanie Baby mania worked.

"Is Trump's bitcoin embrace the biggest 'pump-and-dump' ever?" Economists Jeffrey Funk and Gary Smith, writing for MarketWatch, ask that question. Could Trump be pushing up crypto's value to unheard-of levels with the intention of dumping it at a high price and leave the greater fools holding the bag? And my question, could some billionaire pals be in on it?

Trump has been scamming the little guys for decades. In 1995, he got his fans to bail out his collapsing Atlantic City empire by selling them $140 million in Trump casino stock. (He had convinced them that he was a financial genius.) The investors were cleaned out.

Trump's army of lawyers are protecting him against a possible crash in the value of $TRUMP meme coins. The contract's small print strictly limits class action suits — and states that the coins are "NOT INTENDED TO BE ... AN INVESTMENT OPPORTUNITY, INVESTMENT CONTRACT, OR SECURITY OF ANY TYPE."

But to muddy that idea for the rubes, the Trump memes website notes they are "freely tradeable on the blockchain." Buyers can thus pretend to be crypto bros, as the ads show, lounging at the pool, as perfect female bodies sun in the background.

People who bought Trump Bibles or Trump sneakers, never mind the price, at least had a Bible or sneakers to show for it. As for those who regard the $TRUMP coins merely as a memento of the Great God Trump, something to pass down to their heirs — they could be OK.

Crypto ringmasters, meanwhile, love Trump's vow to deregulate. Also his extravagant promises to have the Treasury Department — that is, the taxpayers — buy billions of dollars of the cryptocurrency for a "Bitcoin Strategic Reserve." It would supposedly be used to pay off the national debt.

"How would the U.S. government buying bitcoin at inflated prices pay off America's debt?" Funk and Smith ask.

Crypto is a crazy volatile investment. In 2022, the value of bitcoin plunged 80% from its high after the collapse of the FTX crypto exchange. If inflating the price of crypto is part of a Trump scheme, we can assume the players will have dumped it in time for any crash. The greater fools would suffer: That's their lot. But please, please leave we taxpayers out of it.

Reprinted with permission from Creators.

James Comer

Hapless Oversight Chair Keeps Digging 'Dirt' On Biden

The Biden impeachment resolution the House GOP unanimously approved last December has hilariously collapsed (Russian moles, sawdust “cocaine”), but that’s not stopping the utterly inept Rep. James Comer of Kentucky, from throwing spaghetti at the wall to make something stick. The chair of the House Oversight Committee made it clear that his intention is to amass as much “evidence” of alleged wrongdoing as he can, with an eye toward setting up criminal prosecutions for a hypothetical Trump presidency.

“Since January 2023, we’ve launched investigations into President Biden’s border crisis, energy crisis, federal pandemic spending, federal agency telework policies, abuse of power at the FTC, the Bidens’ corrupt influence peddling schemes, the federal government’s efforts to combat CCP influence, and more,” Comer told Politico.

Those investigations, he promised, “will culminate in reports with our findings and recommended solutions to prevent government waste, fraud, abuse, and mismanagement.” Expect that to be as solid as all the previous work from him and his fellow MAGA zealot Rep. Jim Jordan, chair of the Judiciary Committee.

The “and more” Comer referred to includes such burning questions as the origins of the COVID-19 pandemic (which occurred under Trump) and the administration’s use of the Strategic Petroleum Reserve. Comer has made it clear that this volley of attacks is designed to generate criminal referrals.

“I want to hold the Biden family accountable. I believe the best way to hold the Biden family accountable is through criminal referrals. We’ve proven many crimes have been committed,” Comer told Fox News’ Trey Gowdy. “If the Merrick Garland Department of Justice will not hold this family accountable, then maybe if Trump is president, a Trey Gowdy Department of Justice can hold this family accountable.”

The Comer oversight overreach extends to a threat to hold Attorney General Merrick Garland in contempt if he doesn’t turn over the audio tapes of the interview special counsel Robert Hur conducted with President Biden in his classified documents probe. That’s after the disastrous hearing Jordan and Comer held last month, intended to show that Biden is too old and doddery to be trusted as commander in chief.

That backfired when the Justice Department released the transcript of the Biden interview, which showed that Biden’s memory was not failing, and in fact Hur remarked on Biden’s “photographic understanding and, and recall of the house” in Delaware where documents were found. But Comer and Jordan—who have been given free rein by GOP leadership to continue to embarrass them all—are sure that they can find some nugget of a cover-up on the part of Garland in all of this.

Mostly, though, they want to help Trump in his revenge plots. So they’re just going to keep burrowing into the hole they’ve dug. They could quit while they’re behind, but the need to avenge Trump just won’t let them.

Reprinted with permission from Daily Kos.

Grisham Memoir Shows Why Trump’s Second Term Would Be Even Worse

Grisham Memoir Shows Why Trump’s Second Term Would Be Even Worse

Amid the many grifters, misfits, bunglers, liars and toadies who served President Donald Trump, heroes are hard to find. But even in this loathsome group, a few people did eventually grow weary of wallowing in the muck. One of them is Stephanie Grisham.

As White House press secretary, she had the dubious achievement of never holding a press conference, which is akin to an Olympic swimmer never getting wet. But Grisham has written a book in which she tries to atone for her sins by providing fresh evidence of what we already knew about her former boss.

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