Price controls for Medicare prescription drugs will just pass along costs of drug innovation to non-Medicare patients, could lead to socialized medicine:
http://dailytorch.com/2020/08/price-controls-for-medicare-prescription-drugs-will-just-pass-along-costs-of-drug-innovation-to-non-medicare-patients-could-lead-to-socialized-medicine/

President Donald Trump is currently considering an executive order that will direct the Center for Medicare & Medicaid Services (CMS) to implement a proposed 2018 rule instituting an International Pricing Index for Medicare Part B prescription drugs. The intent is to reduce drug costs for seniors. However, it will come at a significant cost to non-Medicare patients, who will be compelled to shoulder the costs of drug innovation. How do we know that? Because the U.S. is already bearing the costs of drug innovation for the rest of the world, which uses similar price controls, in turn passing along the costs to the American people, who pay far more than the rest of the world. Politically, this could also create an opening for Democrats to exploit the disparity by calling for more price controls or even for socialized medicine. House Democrats have proposed Medicare for All, while Speaker Nancy Pelosi (D-Calif.) and former Vice President Joe Biden are similarly offering Biden’s public option. Either way, Democrats can bill socialized medicine as a means of reducing out-of-pocket prescription costs that non-Medicare patients will be burdened with under the CMS rule. Ultimately, the question that remains is who pays for the price of drug innovation?
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Joe Biden goes all in on defund the police with Kamala Harris VP pick:
http://dailytorch.com/2020/08/joe-biden-goes-all-in-on-defund-the-police-with-kamala-harris-vp-pick/

Former Vice President Joe Biden has selected U.S. Sen. Kamala Harris (D-Calif.) as his running mate and presumptive Democratic Party nominee for Vice President in the 2020 election as the Biden campaign goes all in on the defund the police issue. In June Sen. Harris supported cutting $150 million from the Los Angeles Police Department budget and taking the police force below 10,000 for the first time in more than a decade. “I applaud Eric Garcetti for doing what he’s done,” Harris told ABC’s Good Morning America host George Stephanopoulos in June, adding, “Right now, what we’re seeing in America is many cities spend over one-third of their entire city budget on policing but meanwhile we’ve been defunding public schools for years in America.” The pick of Harris comes as Biden for his part has attempted to thread the needle on the issue, telling CBS News in an interview: “No, I don’t support defunding the police. I support conditioning federal aid to police based on whether or not they meet certain basic standards of decency and honorableness and … are able to demonstrate they can protect the community.” Meaning, if police departments did not meet up with Biden’s criteria, he would indeed deny funds. In June, an ABC News/Ipsos poll found 64 percent of Americans reject the idea of defunding the police, including 91 percent of Republicans, 45 percent of Democrats, 43 percent of blacks, 58 percent of Hispanics and 74 percent of whites. In short, Harris is a sop to the BLM-Antifa wing of the party, a signal by Biden to the rioters that says “I’m with you”, but at the cost of moderate Democrats in suburban areas who oppose defunding the police. What do you think?
_

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The Democratic candidate for president has a history of slips, blunders and gaffes that go on and on and on. His often slurred speech is used to say things about race, sex or — well — we don’t know because he screwed up the wording too bad. Watch this sleepy, hair-sniffing politician in his greatest hits!

Deflation averted for now as consumer and producer prices recover in July, signal strong third quarter:
http://dailytorch.com/2020/08/deflation-averted-for-now-as-consumer-and-producer-prices-recover-in-july-signal-strong-third-quarter/

The Producer Price Index and Consumer Price Index have both recovered dramatically in the month of July, each growing 0.6 percent amid increased demand for oil and gasoline, according to the Bureau of Labor Statistics (BLS). About one-third of the producer price jump and one-quarter of the consumer price increase, BLS says, comes from increased gasoline consumption and higher fuel prices as millions of Americans get back to work and are hitting the roads. In the past three months alone, more than 10 million jobs have been restored as states are slowly reopening. Oil, which dropped below zero in April, has now safely recovered to over $42 a barrel and crude oil inventories are finally slowly clearing out after reaching record highs earlier this year. After the second quarter set a record on the downside as the Gross Domestic Product contracted 32.9 percent, the rebound both in producer prices and in consumer prices, which also grew 0.6 percent in June, coupled with the jobs gains, promises that the third quarter will set a record on the upside. Further fueling the economic recovery, the U.S. dollar relative to foreign trade partner currencies has finally corrected off of record highs after financial institutions and central banks had flooded into U.S. treasuries and dollar-denominated assets amid the flight to safety this spring and early summer. All of which bodes extremely well for the third quarter that began in July. Deflation is averted — for now as daily Covid cases have stabilized. But will the economy just start contracting again later in the fall when virus cases begin rising again?

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President Trump urges Portland, Oreg. to ‘bring in the National Guard. The Mayor and Governor are putting people’s lives at risk’:
http://dailytorch.com/2020/08/president-trump-urges-portland-oreg-to-bring-in-the-national-guard-the-mayor-and-governor-are-putting-peoples-lives-at-risk/

President Donald Trump on Twitter on Aug. 10, urged Oregon Democratic Governor Kate Brown to deploy the National Guard after a riot was declared in Portland, Oreg. when the Portland Police Association (PPA) building was set on fire. “Portland, which is out of control, should finally, after almost 3 months, bring in the National Guard. The Mayor and Governor are putting people’s lives at risk. They will be held responsible. The Guard is ready to act immediately. The Courthouse is secured by Homeland!” Trump wrote. But Oregon Democratic Governor Kate Brown may simply lack the political will to do what is necessary to preserve law and order for fear it might help President Trump politically. That’s just too bad. Governor Brown and Mayor Wheeler must realize that if they refuse to restore civil order, President Trump is more than willing to step in and do it for them. What do you think?
_

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Mayra Gutierrez of Latinos for Trump says recent comments made by Democratic Presidential Contender Joe Biden are good reason for him to be given a mental health exam. She also explains what her organization is doing as we head into the election.

Is Joe Biden trying to lose the African-American vote or what?
http://dailytorch.com/2020/08/is-joe-biden-trying-to-lose-the-african-american-vote-or-what/

Is former Vice President Joe Biden trying to lose the African-American vote in November, or what? In an interview with NPR’s Lulu Garcia-Navarro on Aug. 6, Biden said the African-American community was not diverse with “different attitudes about different things.” Biden’s gaffe was just the latest in what is becoming a pattern of very derogatory statements towards black Americans on the campaign trail. On May 22, Biden declared that black Americans couldn’t vote for President Trump, saying, “if you have a problem figuring out whether you’re for me or Trump, then you ain’t black.” During a meeting with black mayors in Georgia last year, Biden said the problem in the black community was parents were illiterate, saying, “parents can’t read or write themselves,” according to the New York Times. On Aug. 5, Biden even told CBS News reporter Erol Barnett, a member of the National Association of Black Journalists, that being asked if he would take a mental cognitive test would be “like saying to you before you got on this program, would you take a test whether you’re taking cocaine or not? What you do you think, huh? Are you a junkie?” Biden even supported former KKK chairman Robert Byrd for Senate Majority Leader three times from 1977-1981 and 1987-1989. But, Biden largely gets a free pass. One might chalk that up to media bias and surely that’s part of it. But the truth is, Democrats take blacks for granted every single election. It’s clear as day, and certainly reflected in Biden’s analysis that African-Americans don’t have “different attitudes about different things.” And in Biden’s sense of entitlement that by virtue of being a Democrat he is owed black votes or else “you ain’t black.” What do you think?
_

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COVID-19 crushed the American economy just months ago. Jobs upon jobs upon jobs were lost. Now, under the Trump Administration, close to two million of those jobs are back in July!

Trump was right. U.S. economy produces 10 million jobs in three months amid speedy recovery since April as Covid cases decline:
http://dailytorch.com/2020/08/trump-was-right-u-s-economy-produces-10-million-jobs-in-three-months-amid-speedy-recovery-since-april-as-covid-cases-decline/

The U.S. economy produced between 1.3 million and 1.8 million jobs the month of July, bringing the total number of jobs created since April when labor markets bottomed with the federal and state governments in lockdown to combat the Chinese coronavirus to about 10 million. Further speeding the recovery along are the number of COVID-19 cases are beginning to decline nationally after brief spikes in Texas, California, Florida and Arizona as states began reopening. Now the cases have stabilized, and the Institute for Health Metrics and Evaluation is projecting they will remain stable until mid-to-late September when the cold and flu season gets going again. And nobody but President Donald Trump was thinking that a recovery could happen this quickly. On March 25, the President predicted, “I don’t think it’s going to end up being such a rough patch. I think it’s going to, when we open — especially, if we can open it — the sooner, the better — it’s going to open up like a rocket ship. I think it’s going to go very good and very quickly.” President Trump was right. It’s a dramatic turnaround, when in March health experts were projecting that as many as 2 million Americans would die if nothing was done. Now, almost all of those lives have been saved and the worst of the virus appears to be past us and millions of Americans are chomping at the bit to get back to work. How is the recovery going in your neck of the woods?
_

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Yates says Comey had the FBI ambush Michael Flynn in the White House ‘unilaterally,’ was unaware Steele sub-source folded on Trump-Russia allegations in Jan. 2017:
http://dailytorch.com/2020/08/yates-says-comey-had-the-fbi-ambush-michael-flynn-in-the-white-house-unilaterally-was-unaware-steele-sub-source-folded-on-trump-russia-allegations-in-jan-2017/

“I didn’t authorize that interview because I wasn’t told about it in advance… I was upset that Director Comey didn’t coordinate that with us and acted unilaterally.” That was former Deputy Attorney General Sally Yates, telling Senate Judiciary Committee Chairman Lindsey Graham in Aug. 5 testimony that former FBI Director James Comey did not clear with the Justice Department his plan to send FBI agents to interrogate then-National Security Advisor Michael Flynn in the White House on Jan. 24, 2017 shortly after President Donald Trump was sworn into office. Comey kept the then-Acting Attorney General Yates in the dark about something that by all accounts was a serious breach of protocol — an attempt to entrap the President’s top foreign policy advisor to take out the President. The agents questioned Flynn on what turns out were routine discussions with Russian Ambassador Sergei Kislyak during the presidential transition. Yates was apparently also in the dark about the FBI’s separate Jan. 24, 2017 interview of the primary source used by former British spy Christopher Steele in drafting the dossier falsely alleging President Donald Trump was a Russian agent and that the Trump campaign knowingly assisted Russia in hacking the Democratic National Committee and putting its emails on Wikileaks. The source ended up contradicting Steele’s allegations in the Jan. 2017 interview, leaving the FBI with no real witnesses of Trump’s supposed treason. If Yates didn’t know, then the Foreign Intelligence Surveillance Act, which is supposed to assist the President in his duties to combat enemies of the U.S. foreign and domestic with the gathering of intelligence, should be abolished immediately. Nobody responsible for overseeing the surveillance of U.S. citizens or even the President verifies the most important allegations. Not the Justice Department. Not the FBI. And not the FISA court. Do you think FISA should be abolished?

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