Above caption. Federal Reserve Chairman Jerome Powell Holds A News Conference Following Federal Open Market Committee Meeting
WASHINGTON, DC - SEPTEMBER 26: Federal Reserve Board Chairman Jerome Powell speaks during a news conference on September 26, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the third increase of the year, and signaled two more hikes were coming in 2018 and four in 2019. (Photo by Mark Wilson/Getty Images)
CHICAGO, IL – SEPTEMBER 26: Traders monitor offers in the S&P options pit at the Cboe Global Markets exchange shortly after the Federal Reserve announced it was raising interest rates on September 26, 2018 in Chicago, Illinois. The Fed agreed to increase the federal funds rate a quarter percentage point, to a range of 2% to 2.25%. (Photo by Scott Olson/Getty Images)
[Washington, DC] In a move that was forecast several weeks ago, this afternoon Jerome Powell, chairman of the Federal Reserve raised the discount rate to 2.250%. This move occurred to the chagrin of his boss and the person who appointed him Donald Trump, as since June of this year he has been quite vocal that Powell should not raise rates.
The Feds are non-partisan and to effectively operate are independent of political interference. As customary, president’s and those in leadership refrain from making comments about monetary policy. That is most, except Trump who once again has demonstrated his lack of understanding regarding political protocol.
“I’m not thrilled,” Trump said in an interview last month
Powell has stood firm and justified the move to control a positive economy. The discount rate is the cost commercial banks pay for funds. Their impact does not immediately affect consumers but they typically result in higher borrower costs.
You can’t have it both ways
In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent. Jerome Powell, Fed Chairman
Ever since the financial meltdown of 2008, systemic changes were adopted to strengthen the economy. In Trump’s case, even though it is very tough for him to admit he inherited an economy that had all the signs of positive growth, as a practical measure it must be properly managed. As the economy moves forward, it is the Fed’s who are in control of monetary policy and to manage interest rates so that inflation of other negative factors are mitigated.
The nine member panel of the Federal Reserve Open Market Committee voted unanimously to support the increase.
Real estate is a key component of the U.S. economy. Aside from providing basic shelter, it is a commodity that consumers desire to purchase and a mortgage is used to finance the transaction. Yet, it was the environment in 2008 where an industry as we knew it offered slim prospects of recovery.
Fast forward to 2018, recovery is obvious. home prices continue to climb to record levels leaving many to wonder if they will ever be able to afford a home, let alone experience the “American dream?” At the same time if must not be discounted that millions, for various reasons lost homes. For them, then and now home-ownership represents the biggest transaction they will complete in their lifetime. Likewise, it represents the biggest financial asset.
NEW YORK – SEPTEMBER 17: Traders work on the floor of the New York Stock Exchange September 17, 2008 in New York City. The Dow Jones Industrial Average closed down 449 points today despite American International Group, Inc. (AIG) $85 billion government bailout. (Photo by Mario Tama/Getty Images)
For some 2008 seemed like a lifetime ago. No doubt it was a scary time especially for those who were part of the economic meltdown. Cash was tight, employment or the ability to earn a living was in great jeopardy, homes which were treasured started disappearing in record numbers – like never seen before. Many were lured into the notion property appreciation was constant and even though they may have bet on risky mortgage products, they felt confident they would be able to refinance out of any calamity. Political leaders labeled the period as one not seen since the great depression of the 1930’s.
BOWIE, MD-AUGUST 18: Comfort Boateng sorts through two large boxes of mortgage and financial papers as she talks about their financial situation on August 18, 2014 in Bowie, Maryland. The Boatengs continue to live in their home where they haven’t made a mortgage payment in nearly six years. They built the 3,292-square-foot Fairwood home in 2005. Fairwood, is among one of the richest black neighborhoods in America, in Prince Georges County Maryland; yet it was among the hardest hit from the financial crisis of 2008. More than half of the people who bought homes there wound up in foreclosure. (Photo by Michel du Cille/The Washington Post via Getty Images)
The crisis erupted in 2008, however signs were simmering that something might be amiss as early as 2005. Interestingly it was a common refrain for the very political leaders and even industry leaders to target the culprit as subprime lending. The problem with that assessment is it is incorrect, at least from a practical definition.
WILMINGTON, OH – DECEMBER 19: Bill and Dottie Neace embrace in their home December 19, 2008 in Wilmington, Ohio. Dottie Neace, currently undergoing radiation treatment for breast cancer, fears she may not be able to continue her treatments if her husband loses his job, which provides their health insurance. He works for the air shipping company ABX, which is currently laying off thousands of workers. He recently underwent surgery for a ruptured colon, making eligibility for affordable post-employment healthcare uncertain. The job cuts between air shipping partners ABX and DHL, the two largest employers in Wilmington, will total between 7,000-10,000 lost jobs. The resulting high rate of unemployment is expected to devastate the local economy, both in terms of health coverage for residents, joblessness and in lost tax revenues to support schools and basic services in the area. (Photo by John Moore/Getty Images)
Prior to subprime coming into the mortgage vernacular in the mid 1990’s, most mortgages were considered prime. You had to fully qualify, including for some with what appeared to be exhaustive documentation. . Your credit was not required to be perfect as long as any blemishes could be documented and explained.
Sub is a suffix and means “less than” or “below.” Unfortunately, some would have you believe it meant bad credit, inferior housing or something that was substandard. No doubt many who obtained mortgages were in that population but there was a good percentage who in fact had good credit as well as good property.
Alternative mortgages
A more reasonable understanding is defining subprime as synonymous with alternative. In other words, subprime mortgages merely meant the borrower could not qualify for a prime mortgage. As stated, there were millions of borrowers whose credit was above average and the alternative mortgages became a solid vehicle for them to obtain affordable mortgages. Why was an alternative mortgage necessary? For some, they could not fully document their income via traditional methods. However, they had just as much money in their bank accounts as normal borrowers and their credit was just as solid. Lenders recognized this challenge thus alternative mortgages were born and the market took off.
As lenders created alternative mortgages they became part of the overall subprime population. However, it did not have the negative connotation subprime became labeled. That is why blaming the crisis on those on the fringes with credit issues appears an easy explanation but that short-changes the reality of the subprime market.
There were many reasons which led to the crisis that erupted in 2008. Experts have suggested factors germinated as early as 2006 and the signs of a downfall was apparent. The only problem was many were in denial and for a good chuck of that population it was simply too late to recover.
“I’ve been in this business a long-time and have trained real estate professionals all over Southern California. I’m telling you, the market is about to crash! The late Jerry Timpone, 2006
In 2008 the average home price in Southern California was $429,000. However, it must be noted that due to the crisis millions of homes were being snapped up for far less (via foreclosure and other issues which left many homeowners fleeing their properties).
HENDERSON, NV – APRIL 6: (L-R) Prudential Americana Group realtors Andrew Newcomb and Georgina Hernandez, go over information with Marylou Aleta and Chris Tan, both of Nevada, during a bus tour of bank-owned homes April 6, 2008 in the Las Vegas suburb of Henderson, Nevada. Prudential began operating Repo Tours Las Vegas recently to try to help sell the increasing number of repossessed homes. The number of foreclosures, and homes on the brink of being foreclosed on in the Las Vegas area, continues to be among the highest in the nation while the ongoing subprime mortgage crisis spreads throughout the country. (Photo by Ethan Miller/Getty Images)HENDERSON, NV – APRIL 6: People walk past an auction sign as they take a bus tour of bank-owned homes April 6, 2008 in the Las Vegas suburb of Henderson, Nevada. The Prudential Americana Group began operating Repo Tours Las Vegas recently to try to help sell the increasing number of repossessed homes. The number of foreclosures, and homes on the brink of being foreclosed on in the Las Vegas area, continues to be among the highest in the nation while the ongoing subprime mortgage crisis spreads throughout the country. (Photo by Ethan Miller/Getty Images)
Compared to today’s average home price of over $600,000, even $429,000 seems like a steal! 2008 was a turbulent time and compared today, it is a thing of the past. During that ten-year period many who held onto their homes have been able to secure a more fixed payment mortgage, thus the surprises of a fluctuating mortgage which was popular during the early to mid-2000’s has been mitigated.
Companies/Business were imploding as we Cities
As indicated real estate, specifically the mortgage sector is important to our economy. As the implosion of businesses picked up steam, the residual effect found cities and communities in great peril. They too were dealt blow after blow as neighborhoods became decimated, thus reducing taxes cities need to operate.
WILMINGTON, OH – DECEMBER 19: Shawn Stephens, a mechanic with the air shipping company ABX, listens at a town hall meeting December 19, 2008 in Wilmington, Ohio. Local leaders and residents discussed the possibility of economic collapse of Wilmington, a town of 12,000 people, and the surrounding areas. ABX is currently laying off thousands of employees, along with its partner, the German shipping company DHL. The massive layoffs between the two largest employers in Wilmington will total between 7,000-10,000 lost jobs. The resulting high rate of unemployment is expected to devestate the local economy, both in terms of joblessness and in lost tax revenues to support schools and basic services in the area. (Photo by John Moore/Getty Images)
While economic challenges are not the main concern as it was in 2008, today the primary concern is having enough income and down payment to snag a property. Of course, even those who may be in a qualifying position are contemplating the definition of a “fixer-upper” or considering moving outside of the metropolitan area, which years ago would have been unthinkable.
So, average prices come and go. Economic conditions are constant but looking back ten years is important to recognize the cyclical nature of real estate and realizing that most things are relative. The take-away is if $429,000 was a jolt, and $600,000 redefines sticker-shock, it is a good bet prices will go higher before they go lower.
As for mortgages and looking back ten years, it is a simple equation; people will always have the need for shelter and a good many will be lucky enough to become homeowners. Mortgage lenders will always look to satisfy those borrowers who are seeking affordable financing because assuming everyone has at least twenty percent as down payment and stellar credit would depress the market to a point that is not reasonable. The trick, like any consumer purchase is to properly assess your situation so that you are not forced into a mortgage or a predicament which has the remnants of the 2008 meltdown.
Single Family Residences a 10-year look-back
Year
Single Family Residences
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2018*
$629,500
$766,000
$625,000
$338,900
$379,800
$623,900
2017
$613,200
$750,400
$605,200
$326,600
$370,500
$607,500
2016
$569,100
$711,300
$575,200
$297,800
$344,200
$565,000
2015
$528,900
$681,800
$540,700
$273,900
$320,600
$529,600
2014
$486,700
$643,000
$512,000
$255,000
$300,200
$492,300
2013
$456,500
$620,000
$486,000
$230,700
$274,900
$468,500
2012
$389,200
$535,100
$419,900
$185,200
$221,700
$403,300
2011
$363,100
$494,800
$389,100
$168,800
$201,100
$370,300
2010
$391,300
$524,300
$419,500
$178,300
$213,700
$392,800
Year
Single Family Residences
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2009
$400,400
$539,400
$427,400
$184,500
$214,300
$401,800
2008
$429,200
$553,700
$456,500
$227,300
$254,800
$422,100
2007
$525,300
$629,200
$539,700
$328,700
$351,900
$502,700
2006
$582,200
$718,700
$625,800
$380,200
$425,800
$559,200
2005
$566,000
$715,300
$636,500
$364,700
$422,200
$572,900
2004
$481,600
$648,000
$582,000
$298,500
$366,700
$565,300
2003
$376,300
$518,100
$461,600
$216,400
$280,500
$448,100
2002
$303,700
$424,700
$378,000
$174,300
$227,700
$373,100
Year
Single Family Residences
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2001
$253,800
$361,000
$314,500
$150,700
$196,100
$312,400
2000
$227,500
$322,700
$283,600
$135,500
$176,600
$276,000
1999
$204,000
$285,400
$255,300
$124,400
$160,900
$240,000
1998
$185,400
$262,900
$229,700
$116,400
$146,500
$211,100
1997
$171,000
$230,500
$204,200
$111,000
$135,000
$188,100
1996
$164,000
$214,900
$195,100
$109,800
$129,900
$177,100
Condominiums / Co-Ops
Year
Condominiums / Co-Ops
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2018*
$528,800
$505,200
$444,200
$336,800
$278,700
$439,000
2017
$513,300
$493,700
$424,300
$329,100
$271,100
$426,200
2016
$471,200
$456,100
$399,200
$300,100
$257,500
$391,900
2015
$443,300
$433,100
$373,100
$280,400
$250,000
$361,000
2014
$411,200
$407,400
$349,200
$263,100
$240,600
$334,500
2013
$386,900
$387,700
$328,400
$238,800
$227,400
$314,400
2012
$325,000
$316,600
$273,800
$185,500
$187,000
$259,700
2011
$312,200
$300,000
$259,500
$178,900
$174,200
$243,500
2010
$339,400
$325,800
$284,900
$195,800
$193,700
$269,300
Year
Condominiums / Co-Ops
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2009
$357,100
$341,200
$303,200
$202,800
$205,500
$278,200
2008
$371,300
$363,000
$328,700
$231,200
$225,900
$300,500
2007
$434,700
$421,700
$394,500
$313,300
$283,600
$352,400
2006
$483,200
$482,200
$464,200
$362,900
$346,100
$393,200
2005
$474,400
$480,800
$473,700
$356,300
$349,300
$417,300
2004
$413,500
$440,500
$433,200
$301,300
$301,300
$418,400
2003
$320,500
$348,700
$346,100
$221,800
$227,300
$334,900
2002
$260,600
$283,100
$281,300
$175,400
$188,400
$276,600
Year
Condominiums / Co-Ops
Los Angeles
Orange
Ventura
San Bernardino
Riverside
San Diego
2001
$216,400
$239,800
$232,400
$151,000
$169,800
$228,000
2000
$189,500
$208,800
$204,700
$136,800
$149,900
$193,800
1999
$170,400
$181,800
$181,300
$127,300
$130,300
$162,700
1998
$154,700
$166,100
$166,000
$117,600
$117,000
$143,400
1997
$141,100
$146,600
$152,000
$111,500
$111,700
$129,500
1996
$136,800
$137,900
$145,300
$108,500
$106,500
$122,600
* 2018 Median price is for May 2018
N/A – Data not available from source
Note: Movement in regional sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in costs and variations in the characteristics and size of homes actually sold.
The housing crisis was an important historic event. Fred Thomas, III tags himself as a “student” of the mortgage industry and speaks with credibility having been employed at Countrywide Home Loans, IndyMac Bank and Bank of America. He is currently working on a book which takes a look at the rise and fall as well as the importance they played and the development of the industry.
HAVANA, CUBA – APRIL 19: Former Cuban President Raul Castro raises the arm of newly elected Cuban President Miguel Diaz-Canel during the National Assembly at Convention Palace on April 19, 2018 in Havana, Cuba Diaz-Canel will be the first non-Castro Cuban president since 1976. Raul Castro steps down after 12 years in power. (AFP Adalberto Roque/Pool/Getty Images)
This Friday, September 28th will mark a special day in the international community as Cuban president Miguel Diaz-Canel will make his first appearance at the United Nations Cuban Mission, in New York.
Prior to his historic appearance at the U.N., on Wednesday, September 26th he is the invited speaker at the iconic Riverside Church. The event is organized by Pastors for Peace.
During his trip it is expected Diaz-Canel will make an appeal for the half-century old embargo against his country imposed by the United States to be lifted. Also, on his schedule are meetings with U.S. business leaders.
Following a successful transition this past April, Diaz-Canel became president. This followed years of leadership by Raul Castro and his older brother Fidel Castro.
cover photo courtesy of Photo by Alex Wong/Getty Images
Foreign policy advisor to US President Donald Trump’s election campaign, George Papadopoulos and his wife Simona Mangiante Papadopoulos arrive at US District Court for his sentencing in Washington, DC on September 7, 2018. (Photo by MANDEL NGAN / AFP) (Photo credit should read MANDEL NGAN/AFP/Getty Images)
[Washington, DC] Federal District Judith Randolph D. Moss admonished George Papadopoulos for lying to the F.B.I. in his sentence hearing this afternoon. Special Counsel Robert Mueller’s team had suggested a sentence of up to six months. Some thought a thirty-day sentence was more likely but Moss spared Papadopoulos with his 14-day sentence. He also made the point in his sentencing that “the gravity of the investigation and the need to send a message to the public as the reason for the imprisonment.”
The March 31st Apprentice Try-Out
Papadopoulos may very well have been remorseful but it was his antics as he admitted of “trying to impress Donald Trump” which led to today’s decision. In was that March 31st meeting that had the trappings of an Apprentice try-out that Papadopoulos has come to regret.
Papadopoulos has already served what could be defined as house-arrest or supervision for the past year as he awaited the decision from the Mueller team to move the case to the sentencing phase. In addition to 14 days, Papadopoulos was fined $9.500, ordered to complete 200 hours of community service and one-year probation, following serving his sentence.
George was loyal to the Trump campaign and his political candidate which is the reason we are here today, Thomas Breen, Attorney for George Papadopoulos
Papadopoulos claims Session was not truthful
After the hearing Papadopoulos and his wife hurried away in a black SUV. His attorney, Thomas Breen took time to take questions. One comment that caught some by surprise was the intimation that Papadopoulos was confident Attorney General Jeff Sessions was not truthful regarding Russian contacts in his testimony during his confirmation hearings.
President Trump has done more to impede the Russian investigation than my client George Papadopoulos. If he doesn’t know it by now, there should be no mystery that Russia interfered in our 2016 elections, Thomas Breen, Attorney for George Papadopoulos.
Donald Trump with Darryl Scott photo credit – TIMOTHY A. CLARY/AFP/Getty Images
Following another meeting to engage the African-American community, last week on August 1st, the Trump administration hosted a “briefing” session which included approximately twenty ministers allegedly representing the community. Those in attendance thought the discussion was about prison reform, recidivism and other social issues and programs to uplift the community? As the case with many of these types of events, the discussion was one-sided. Adding insult to injury it is being reported the administration selected two ministers who were told to make comments. The primary role for others in attendance was to take part of the photo-op.
One minister who was selected to speak was the slack-jawed Pastor Darryl Scott who heads up the New Spirit Revival Center in Cleveland Heights, Ohio. He proudly professes his support for Trump, yet his comments are a stark contradiction of Trump’s track-record in dealing with African-Americans.
As predicted Scott’s comments drew the ire of African-American ministers across the globe
“The Black ministers who met with Donald Trump denigrated the divine and ancestral legacy of the Black churches in America and they dishonored the ministries of Jesus Christ, the prophets, and those sent by God,” Rev. Dr, William Lamar of Metropolitan African-American Episcopal church
The consensus from those who attended was disappointment as while Trump did get his coveted photo-op, the ministers did not walk away with any substance or policies or programs to deal with the issues that were purported to be discussed.
While several in attendance were happy to be in the White House with Trump, some must be reminded of the history and focus of the church, “These ministers are just a little worse than Black preachers who sit with Democrats and refuse to demand justice. We sit with emperors, not to take pictures, but to demand the God’s people be free. These preachers know the church, they know Black respectability, they know American civil religion, but they do not know the prophetic tradition of the Black church and they do not know the liberating gospel of Jesus Christ,” Rev. Lamar, Metropolitan AME
Even though this issue occurred a little over a week ago, it is being blown up on social media. Two videos are listed below to help provide a better perspective on this issue.
From the perennial Alfred Street Baptist Church which is just minutes from the White House and located in Alexandria, VA – Senior Pastor, Rev. Dr. Howard John Wesley delivers his August 5th sermon.
CNN reporter Don Lemon interviews Pastor John Gray following his participation in the meeting
Here is the open letter to 45 from members of the clergy
[Washington, DC] After cleverly knocking out the multitude of Republican candidates for president of the United States, Donald Trump sharpened his tools and surgically dissected the Democrat nominee, Hillary Clinton to win what many considered a huge upset victory.
The president is a coveted role in the United States. However, the obvious question so many today are asking is why is Donald Trump so upset?
Could it be traced to his first slip-up by showcasing sheer ignorance of governing within our democratic values? This became crystal clear early in his administration as career political staff tried their best to help him navigate the role. He misunderstood it and instead behaved as if he was sworn in as the head a monarch, not one whose system was established with three branches of co-equal powers.
Also, it was bad enough he disrespected the role of basic protocol, particularly with his overt violation of the emoluments clause; insisting he did not have to follow behavior that most presidents accepted with enthusiasm.
A Pig in a Poke
Once Trump threw his name in the hat for the presidency he knew winning would be based on messaging. Surely, he had no tenure as a public official and he could use that to his advantage. He persuaded those with any doubt about his brilliance as a businessperson and one who empathized with all who felt the government had turned on them. It didn’t seem to matter his “success” was built on a false deck of cards as he focused his communication on what he would do for all those who pulled the lever in his favor. Interestingly, there were millions of folk across the united states who were looking for that very message. The fact he had ethical challenges or other character flaws was not as important if he could just peel a slice of benefit for those who subscribed to his promises.
Why is Donald Trump so upset? Could it be the American public are on to his three-card monte scheme? Could it be he is so frustrated he could bite a hole in a steel pole? After all, once he proudly assumed the office, for all he knew the party he was able to commandeer was in control of three critical sectors of governance; the presidency, the house of representatives and the senate. Life appeared great for him, his family and those who supported what he represented!
It’s not my fault
Vilifying others was a winning formula in getting people to support him. In the science of professional sales, I am reminded of the great Dr. Donald S.S. Greene who happened to be my professor in marketing. He helped me understand the psychological nuances of how marketers are able to “sell” products to consumers. He also helped me understand those who consider themselves professional but are really slick-talkers. Their success is hinged on being able to sell the proverbial “Pig in a Poke.” As the case with Trump, folk line up for miles to buy it!
Even though he still hasn’t overcome the notion we do not operate a monarch, he allowed his trusted aide Steven Miller to lead him down the primrose path with the roll-out of the travel ban. They somehow forgot technology has allowed us to live in a digital world and things we said in the past can easily be recalled. It was laughable to see his crew claim he was not against Muslims, when in fact there was overwhelming evidence which the judicial system used to deny the ban.
His latest debacle
No doubt despite his constant blame of others, the Trump administration has enjoyed success. You would think that would be enough for them to let bygones be bygones, but not in the world of Trump. There must be total revenge or vindication.
His latest bonehead which has him seething is once again accepting Miller’s assertion that embracing a “Zero Tolerance” immigration position would result in another winning ticket. You would think with all he has going for him why does he continue to be so upset? The answer is really simple. He has bought into a zero-sum game where he must destroy or otherwise cast into oblivion those who are in his radar – – even the two-year-old child which captured this weeks’ Time Magazine cover. Then again, all he would have to do is realize the United States despite its shortcoming is governed with democratic values where the people yield the power; at least those who chose to use it.
courtesy of Time Magazine
His current debacle is much more than blocking those who illegally come into the United States. The core principle of what makes America different is the attitude of basic humanity, despite whatever laws or rules they may have violated.
Creating some relief for those obtaining a new mortgage, rates slid down 10 basis points in week over week reporting. This morning job numbers also posted impressive gains, despite Donald Trump breaking a long-standing policy of intimating the news prior to the official release with one of his early morning tweets. The issue is the Bureau of Labor Statistics is to be the first voice in officially releasing the numbers, which normally is around 8:30AM . Period!
In Trump fashion while he did not specifically break protocol, his mere mention was enough to cause consternation for those who treasure integrity from our institutions.
These two metrics and other positive signs bode well for those in political control and could be enough to keep them in the driver’s seat. The unknown is will they be enough to fend off the impending blue wave from the November election that could result in Democrats gaining control of one or both seats of Congress?
Those in control insist the majority of voters are only concerned about kitchen-table issues and pay little attention to the other dilemmas Trump and the ruling party are attempting to deal with. They are banking on as long as impressive economic numbers are achieved, any other issues are secondary and will keep them in control.
Of course, Congressperson Maxine Waters (D-California) who has been a thorn in the side of Trump and his supporters sent out a warning while appearing on a national news program earlier this year in March.
“for if some reason, Robert Mueller does not get him, Stormy will.”
Donald Trump is riding a high wave as the economy continues to post record-breaking numbers! This morning the Bureau of Labor Statistics released its monthly jobs report. For the first time in 17 years unemployment fell below four percent as 164,000 new jobs were created. Consumer confidence is up. There is optimism in the Korean peninsula. Yet, although there is growing skepticism of the effects of the heralded Republican passed December’s tax bill as echoed by Senator Marco Rubio, for the most part on surface things appear to be going favorably.
BUT…….
can he stop shooting himself in the foot?
Riding on the coattails of all of the fundamental economic restoration strategies implemented by the Obama administration, Trump appears to be positioned for continued success in the months ahead, particularly as long as he can hold onto the reins of the presidency? The big BUT is can he stop from shooting himself in the foot? Can he stop having so many news blunders where the media is consumed with ferreting out the truth? Can he grasp and comprehend that running the United States has much different accountability standards than running Trump enterprises?
The American people didn’t elect a Saint!
Illustration by Seymour Chwast
Donald Trump has been around a long time. In his early 70’s people know him as a savvy businessperson, an expert in managing media, a keen negotiator and even as a con-man, a manipulator, a person of unethical character or an outright pathological liar, just to name a few.
The constant refrain you hear from Trump supporters is the Democrats are just upset they lost the election. Or, they will state they voted and support him knowing full well he wasn’t a saint but someone who would support their positions. All might be true but however it is justified the presidency holds the prestige of being the top voice in the free-world. Thus, it’s one thing to push agendas but it is another for the leader to establish the ideals, character and integrity that represent all who call the United States home.
Even though there have been successes, Trump’s presidency has been riddled with negative responses based on his actions. So, however it is justified there can be no excuse for minimizing his actions just for the sake of feeling he is on “your side.” The thirty-five to forty percent who have taken a blood oath to support Trump deserve him responding to their issues. But, what about the other sixty of so percent who did not vote for him? They too are citizens of the United States and look for the government, especially the president to represent their issues as well?
No Collusion! No Russian interference! No Obstruction of Justice!
cartoon courtesy of Marian Kamensky
For all of those who swear Robert Mueller has overstepped his mandate or directions from Deputy Attorney General, Rod Rosonstein I would plead they step away from the TV or Cable shows that project a witch hunt is being conducted and to please read IN FULL the original mandate as listed HERE.
As specific as it is, what is clear is that Mueller has the responsibility to investigate any areas which morph from the original charge, yet is clearly tied to Russian interference. It is that charge which has gotten in the craw of Trump and those who swear Mueller is “off his rocker.” Hence, Stormy Daniels! Hence Kushner, Hence Manafort supporting the notion of a back channel and so many other actions which have criminal implications.
How can you give an opinion on anything you have not read or fully understand?
You may remember when the United States invaded Iraq one of the primary spokespersons was the character known as Baghdad Bob?
He took to the airwaves to communicate to the public the impact of the invasion with the intent to minimize any threat to his country. His rants became laughable as they were stoked in denial even though most had enough sense to see the obvious and realized how ridiculous he sounded.
Like Baghdad Bob, Trump has taken to the airwaves to proclaim he, his White House and his campaign have done nothing wrong.
cartoon courtesy of HAZE
YOU CAN FOOL SOME OF THE PEOPLE SOME OF THE TIME…….BUT YOU CAN’T FOOL ALL OF THE PEOPLE ALL OF THE TIME
Worse, how in the world can anybody proclaim various results or outcomes about an investigation that has not been completed? Shockingly this is done even as those in Trump’s inner circle have pleaded guilty to a variety of crimes? Why claim you had nothing to do with Russia when there is so much evidence to the contrary? There is nothing wrong with having relationships with anyone, but why deny knowing full well the truth will eventually come out?
There was no Collusion (it is a Hoax) and there is no Obstruction of Justice (that is a setup & trap). What there is is Negotiations going on with North Korea over Nuclear War, Negotiations going on with China over Trade Deficits, Negotiations on NAFTA, and much more. Witch Hunt!
3:45 AM – 2 May 2018
Approximately three months ago or on March 11th Trump nemesis Congressperson Maxine Waters stated the obvious, “If Mueller doesn’t get Trump……Stormy Will!!”
Again, it is no crime to have a relationship with a porn star. Yet, all of these months later something so simple is creating a migraine headache for Trump, as his earlier statements of denial are being corrected with facts or the latest snafus by longtime ally, Rudy Giuliani.
Who remembers the tax return hustle?
Years ago, candidates running for the office of President established a tradition of publicly disclosing full copies of their tax returns. The reason was simple as it was to establish there was no conflict with regard to their income and investments.
Trump boast himself as a successful businessperson. Early during the campaign he promised his tax returns would be released to the public. As time went on, month after month he kept singing a song that as soon as his audit was completed, he would fully release the returns. The problem is he knew full well he had no intention of ever releasing the returns. Trump has used this ruse time and time again whenever he had not intentions in complying with various request. He gives the intimation he will cooperate, then at the last-minute he claims some dubious reason prevents him from complying.
“I will absolutely give my return but I’m being audited now for two or three now so I can’t,” Donald Trump
The latest barrage of Donald Trump claiming he would unequivocal do something BUT…..has to do with the notion of him sitting down with an interview with Special Counsel Robert Mueller and his team of investigators.
Trump sounds convincing but those who understand his behavior have accepted it is just another one of his ruses to proclaim support, knowing full well he will never comply. No doubt, his most rabid supporters, or those who admit he may have issues but as long as “their agenda” gets accomplished, he has their support and have accepted Mueller is out to get him!! Just this morning he belted out he would love to sit down with Mueller as long as he feels he can trust them. The problem with that retort is he knows full well he will never trust them but his strategy is to stoke the notion with his supporters that he is fully cooperating with the investigation.
“Nobody wants to speak more than me — in fact, against my lawyers. Because most lawyers say, ‘Never speak with anybody.’ I would love to speak, because we’ve done nothing wrong. I have to find that we’re going to be treated fairly because everybody sees it now and it’s a pure witch hunt.” Donald Trump, May 4, 2018
Dealing with a Know-it-All
Many agree it was Trump’s populist message which was supported by a thirsty media that propelled him to eventually zip past the republican contenders and snake bite Hillary Clinton in the end. Unfortunately, he takes no prisoners and maintains the posture there is nobody that knows more about anything than him! So whether its Attorney’s, Accountant’s, White House Secretary’s, Doctor’s or even media spokespersons, he has continued a dangerous pattern in undercutting their voice by his behavior which has done more to damage his basic credibility.
Sadly, Donald Trump may never be indicted for anything, let alone spend any time in the brig. The same cannot be true for those who salivated associating with him (i.e., Manafort, Kushner, Flynn, Paige, Cohen, etc.) as they have been dealt the blow of maneuvering serious legal issues.
Come clean with the people and the ride could be as smooth as silk!
As good as things appear to be going such as the economy or jobs report; as evidenced by the Russia issue, the Stormy issue, the media issue, the tax issue or just basic credibility, Trump has brought these problems on himselfby actions or tweets he has directed. Then again, what we are witnessing could be the disruptions many voted for?
[Memphis, TN] For a good many of you the question is moot because you were not born! But there are a good many like me who were around that first Thursday of April 1968.
Dr. King and entourage getting ready to go to the Kyles for dinner. Dr. King had ordered Rev. Jackson to go and put a tie on. His famous quote was, “Dr. King the only thing you need for dinner is a good appetite!!!”
My memory is foggy but being a student of history, particularly the Civil Rights movement one thing I do remember is it is one of those days where you try and remember what you were doing or where you were at.
Pomona
I was a student at Ganesha High School in Pomona, CA. More than likely it was a basic day and the week was rolling by. At 6:01 pm (CST) a bullet tore threw Dr. King’s lower jaw and neck. While many have accepted the notion James Earl Ray was the lone assassin, I defer to the King family, Judge Joe Brown and others who accept the fact the bullet that fell Dr. King was not fired by Ray………but that’s another post for another time.
Being a motely student-athlete, in Pomona 6:01pm, translates into 4:01pm so more than likely I was at baseball practice. I can’t patch much more because there was not 24/7 cable news and if I recall the news at the “major” channels (2,4,7, etc.) was a whopping thirty minutes! Most of the news was communicated by CBS’s perennial anchor, Walter Cronkite. You can even do a search and see the iconic clip of him informing the nation.
6:01pm folk came running to the spot were Dr. King lay
After practice, I don’t remember if I went to work or went straight home? My mother was a “news junkie” so more than likely the reality of Dr. King’s death was the focus of discussion later that evening.
What about you? Do, you remember anything from the news that rocked the nation at 6:01 pm, Thursday evening, April 4, 1968
Dr. King’s room 306 is memorialized at the Lorraine Motel, which is now part of the National Civil Rights Museum
You’ve seen the character who professes everything he touches turns to gold? Or, they profess being truly self-made while convincing themselves and those who fall prey to their hustle they possess the magic to make lives better?
In the example of Donald Trump, he has convinced those who believe him that anything and everything President Barack Obama accomplished, in fact had a negative impact to their lives. Worse, he has convinced them any success they currently have or that they project to have is the direct result of him taking over as the 45th president of the United States.
Hundreds of thousands have already started the pilgrimage to Memphis, TN. Millions more are expected to join those for local activities or tune in to participate on Wednesday, April 4th in the commemoration of the 50th anniversary of the assassination of Rev., Dr. Martin Luther King, Jr.
Dr. King was an influential leader who had developed exceptional oratorical skills. As Donald Trump continues to boast his prowess, including his followers or base supporters who feel he is the core reason for the success of the economy, they are unfortunately missing a basic reality! No doubt there is positive movement in the economy but what gets lost with partisanship or trained pundits who have taken a blood-oath to never make any comments which might be perceived as minimizing Trump’s achievements are the facts of what he inherited in what most agree were positive signs targeted for future growth.
One of Dr. King’s famous quotes in trying to help leaders understand the plight of negroes (African-Americans) and the negative legacy of slavery, Jim Crow and institutional racism which resulted in insuring that population would always remain deficient, was the bootstrap example.
“It’s all right to tell a man to lift himself by his own bootstraps, but it is cruel jest to say to a bootless man that he ought to lift himself by his own bootstraps.” Dr. Martin Luther King, Jr. April 1, 1968
Barack Obama made sure Trump had boots
Dr. King’s words have an interesting parallel with what Barack Obama received when he assumed the presidency versus what he left for Donald Trump.
Many have forgotten or have wiped out of their minds what was going on in 2007 and 2008. Economically, things were as bad as one could imagine and president Obama could have been defined as that “bootless man.”
Eight years later or when he handed over the reins to Donald Trump the economy had already made a recovery. There were unprecedented measures of success that even the most ardent Obama critic would have to admit. The result is yes, the economy continues to rack up impressive numbers but the notion that Donald Trump has achieved it all by himself or didn’t inherit anything positive from the Obama administration would leave a reasonable person scratching their head. Dr. King would caution Trump to be a bit humbler and remind him it is more honorable to give credit where credit is due versus proclaiming to never receiving a helping hand, especially from the lad he convinced millions that he was not a legitimate citizen. The boots president Obama left for Trump have helped improve his step.
Thomas Reports 