FORMER REP. DAVID STOCKMAN ON FLYNN: FBI INTERVIEW WAS ‘BLATANT ENTRAPMENT’

David Stockman, former Michigan representative and Director of the Office of Management and Budget under President Reagan, destroyed the Russian collusion hoax with incredible clarity in his latest column on Tuesday.
From Antiwar.com, ‘The FBI’s Perjury Trap of the Century’:
If you were a Martian visitor just disembarked from of one of Elon Musk’s rocket ships and were therefore uninfected by earth-based fake news, the culprits in Washington’s witch-hunt de jure would be damn obvious.
They include John Brennan, Jim Comey, Sally Yates, Peter Strzok and a passel of deep state operatives – all of whom baldly abused their offices. After Brennan had concocted the whole Russian election meddling meme to sully the Donald’s shocking election win, the latter three holdovers – functioning as a political fifth column in the new Administration – set a perjury trap designed to snare Mike Flynn as a first step in relitigating and reversing the voters’ verdict.
The smoking gun on their guilt is so flamingly obvious that the ability of the Trump-hating media to ignore it is itself a wonder to behold.
After all, anyone fresh off Elon’s rocket ship would learn upon even cursory investigation of the matter that the National Security Agency (NSA) intercepts electronically every single communication of the Russian Ambassador with any person on US soil – whether by email, text or phone call.

This post was published at The Daily Sheeple on DECEMBER 6, 2017.

More Data For The ‘Data Dependent’ Fed To Ignore

The University of Michigan released its September update for their surveys of consumers. The overall index of consumer ‘sentiment’ was unchanged from August at 89.8, and up just 3% from last September. This ‘confidence’ index peaked in January 2015 at 98.1 and has been sideways to lower ever since. Most of the internals were practically unchanged throughout, leading Chief Economist Richard Curtin to note:
…modest gains in the outlook for the national economy have been offset by small declines in income prospects as well as buying plans
Not everything in the surveys was so uninteresting. Inflation expectations dropped yet again, as both short-term and intermediate consumer projections for the rate of prices changes continue to sink. The surveyed result for the inflation rate next year fell to 2.3%, the lowest since September 2010 just prior to the start of QE2. Straight away, it would appear that consumers are no longer so convinced that ‘money printing’ actually accomplishes what money printing is supposed to.
Since the data is made up of surveys of American consumers we are really talking about perceptions, and thus this reduction in expected inflation has been shaped by recent (money, not monetary policy) events. The peak outlook, the one most faithful to the myth of ‘money printing’, was reached not surprisingly in early 2011. Since then, shorter-term expectations were as inflation breakevens in the TIPS part of UST trading; seemingly stable but only as a matter of being unconvinced about policy efficacy, primarily QE.

This post was published at David Stockmans Contra Corner on September 16, 2016.

Detroit Didn’t Get The Donald’s Memo – – -Fiat Chrysler to End All US Car Production, Ford Sending Small Cars To Mexico

CEO Mark Fields told investors the move is part of plans to make production simpler and less expensive
Ford plans to eventually shift all North American small-car production from the U. S. to Mexico, CEO Mark Fields told investors Tuesday, even though the company’s production investments in Mexico have become a lightning rod for controversy in the presidential election.
‘Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,’ Fields said at a daylong investor conference in Dearborn.
The news sparked a fresh round of criticism of Ford from Republican Presidential candidate Donald Trump, who was campaigning in Flint on Wednesday.
‘We shouldn’t allow it to happen. They’ll make their cars, they’ll employ thousands of people, not from this country, and they’ll sell their car across the border,’ Trump said during his visit. ‘When we send our jobs out of Michigan, we’re also sending our tax base.’
The impact on Ford’s U. S. employment will be minimal in the near-term. Ford already builds the Fiesta subcompact and the Fusion mid-size sedan in Mexico. There is an expectation that Ford will build a new Ranger mid-size pickup truck in Wayne and possibly a new Bronco compact sport-utility.

This post was published at David Stockmans Contra Corner on September 15, 2016.

From Chicago (1968) To Cleveland (2016) – – The Prospects Darken

I was in the streets of Chicago in 1968 during the Democratic Convention. It was only a few months after Bobby Kennedy and Martin Luther King were shot to death. The ‘establishment,’ as we called it back then, was all set to nominate Vice-president Hubert Humphrey who had started out in Washington as a Midwestern progressive firebrand but was now was broadly perceived by America’s hippie youth as a stooge and a sell-out to the evil forces running the Vietnam War.
I wasn’t exactly a protester, more like a proto-journalist, there to witness an epochal event. It was a wild three days with a lot of moiling in Lincoln Park and Grant Park, and finally out on Michigan Avenue the night of Humphrey’s awful apotheosis, where things got especially ugly and the tear gas canisters flew. But that was about it. Nobody got killed by the police, or vice-versa, and then we all went back to college (my SUNY school cost $500-a-year back then, by the bye). Nixon was the consolation prize.
Back then, it was in style to assassinate political leaders. Today it’s in fashion to assassinate police. It’s hard to imagine easier targets. Where trouble is brewing in the streets nowadays, there they stand right out in front, easily distinguished in their uniforms. That was exactly the picture on the front page of The New York Times today: the thin blue line in Cleveland, where the Republican convention convenes this week to nominate the golden deus ex machina Donald Trump. There are few things in life one can predict with certainty, but given the grave events of recent weeks, it is hard to see how deadly gunplay might be avoided at the 2016 Republican convention.

This post was published at David Stockmans Contra Corner by James Howard Kunstler ‘ July 18, 2016.