The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Conveniently ignoring the fact that his “Trump University” fake educational institution has been the subject of numerous investigations, sanctions and lawsuits for several years now, pompous windbag Donald Trump took to — where else — Fox and Friends to publicly accuse President Obama of orchestrating the suit filed on Saturday by New York State Attorney General Eric Schneiderman.

Noting that Obama and Schneiderman had met two days prior to the filing, Trump speculated that this incident could be a “mini-IRS,” to which the Fox bobbleheads replied, “The president hasn’t liked you for a while.”

No word on whether or not Greg Abbott, the very Republican attorney general of Texas who is currently running for governor of that state, was also at the meeting to scheme with Obama and Schneiderman. Abbott launched a probe into Trump’s “school” as well, after getting 30 complaints from the Better Business Bureau — who gave the scam outfit a D- — in 2008 and 2009.

Video: MediaMatters.org

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

Keep reading... Show less

Close