Pelosi’s call for impeaching Trump on Ukraine risks war, ignores corruption there that was fueled by Obama-Biden:
http://dailytorch.com/2019/09/pelosis-call-for-impeaching-trump-on-ukraine-risks-war-ignores-corruption-there-that-was-fueled-by-obama-biden/

House Speaker Nancy Pelosi announced on Sept. 24 that she is about to embroil the nation in the impeachment of President Donald Trump on allegations, without evidence, that the President pressured Ukrainian President Volodymyr Zelensky in July by threatening to withhold foreign military aid unless former Vice President Joe Biden and his son, Hunter Biden, were investigated for pressuring Ukraine by threatening to withhold $1 billion of loan guarantees if Prosecutor General Viktor Shokin was not fired in 2016. Trump’s impeachable offense, in Pelosi’s eyes, was merely mentioning Biden’s blatant conflict of interests in leading the firing of Shokin by Biden’s own admission when the President spoke with Zelensky. In 2016, Trump blasted the Obama administration’s conduct in Ukraine and warned that the nation was risking war with Russia. Like it or not, it is President Trump’s job right now is to keep the peace in Ukraine. But if Trump is impeached by the House in a blind frenzy for trying to avoid an unnecessary war with Russia over Ukraine, and improving relations in that region that Obama and Biden clearly wrecked, it might very well cause one. What do you think?

In the flash of an eye, the world’s oil supply was cut by 5 percent. The world needs more oil, but Green New Deal Dems say no.
http://dailytorch.com/2019/09/in-the-flash-of-an-eye-the-worlds-oil-supply-was-cut-by-5-percent-the-world-needs-more-oil-but-green-new-deal-dems-say-no/

The American people are still awaiting the Trump administration rewrite of the Obama-era Affirmatively Furthering Fair Housing rule that conditioned more than $3 billion of annual community development block grants to more than 1,200 cities and counties on making changes to local zoning based on income and racial guidelines. It would have put the federal government in charge of zoning. Congress stepped in and blocked the rule. However, HUD Secretary Ben Carson appears committed to continuing to use block grants to make changes to zoning, not to address racial or income inequality, but to help making housing more affordable. In an Aug. 13, 2018 interview with the Wall Street Journal he said, “I would incentivize people who really would like to get a nice juicy government grant [to look at their zoning codes].” While addressing zoning and removing regulations to help make housing affordable is a laudable goal, municipalities should be the ones to address it, not bureaucrats in Washington, D.C. We’ve seen this movie before. Once it is no longer up to cities and counties to make these decisions, the federal government will never give it back. What do you think?

Lowest black unemployment in American history at 5.5 percent makes the 2019 Trump economy the most equitable ever:
http://dailytorch.com/2019/09/lowest-black-unemployment-in-american-history-at-5-5-percent-makes-the-2019-trump-economy-the-most-equitable-ever/

The Trump economy has consistently been delivering, with near-50-year-low 3.7 percent unemployment nationwide, and the rising tide has been helping Americans of every race and background, including blacks. Since Jan. 2017, 1 million more African-Americans say they have jobs up to now 19.4 million, the most ever. There are 400,000 fewer unemployed as the jobless rate for blacks has dropped from 7.7 percent to the lowest unemployment rate ever at 5.5 percent in August, according to data compiled by the Bureau of Labor Statistics. In 2020, President Trump can take his campaign to urban centers that have traditionally voted Democratic on one of the best and certainly the most equitable economies in American history and attribute it in part to the expanded opportunities that his administration are helping to bring back home with its pro-growth, America first polices. What do you think?

Trump should hit organizers of migrant caravan with sanctions as border migration down 55 percent since May:
http://dailytorch.com/2019/09/trump-should-hit-organizers-of-migrant-caravan-with-sanctions-as-border-migration-down-55-percent-since-may/

Apprehensions on the southern border slowed precipitously in August to 64,006 as illegal immigration was curtailed, the latest data from U.S. Customs and Border Patrol shows. Migration is down 55 percent from its peak in May 144,255 as people continue fleeing Central America in droves. But is it enough? The organizers of the caravans, Village Without Borders, remain fully operational throughout Mexico and Central America with the stated purpose of facilitating people to make the dangerous journey north into the U.S. illegally and building shelters along migration routes, with almost 1 million being sent in the past 12 months alone. So, why are they allowed to operate? President Trump is authorized under federal law to sanction human traffickers and could slap economic and financial penalties on Village Without Borders. And to the extent the group operates and raises money in the U.S., the Justice Department could take action and work with Mexican prosecutors to make certain the label sticks on both sides of the border. What do you think?

Trump is right, the strong dollar is hurting U.S. goods exports, data shows. Here’s what he, the Fed and Treasury can do about it.
http://dailytorch.com/2019/09/trump-is-right-the-strong-dollar-is-hurting-u-s-goods-exports-data-shows-heres-what-he-the-fed-and-treasury-can-do-about-it/

The strong dollar has historically been linked to declines in U.S. goods exports, including manufacturing, an analysis of U.S. Census Bureau and Federal Reserve data shows, predating the tenure of President Donald Trump and his tariffs. This vindicates contentions by Trump, who has been hammering the Fed for months over what he says is the dollar being too strong relative to foreign currencies including the Chinese yuan and the euro. Turns out, Trump is right. And he is not powerless to do something about it. The President could direct Treasury Secretary Mnuchin to work with the Federal Reserve Board of Governors to engineer a dollar devaluation, using the Exchange Stabilization Fund to buy foreign currencies and then selling them directly to the Fed. What do you think?

Should the Federal Reserve tank the economy to hurt President Trump in the 2020 election? One former Fed governor thinks so.
http://dailytorch.com/2019/08/should-the-federal-reserve-tank-the-economy-to-hurt-president-trump-in-the-2020-election-one-former-fed-governor-thinks-so/

Former New York Federal Reserve President Bill Dudley has come out to say he thinks that “the election itself falls within the Fed’s purview,” and that the central bank ought to do whatever it takes to make certain President Donald Trump loses the 2020 presidential election. “Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives,” Dudley wrote. Under 12 U.S.C. Section 242, “each member [of the Federal Reserve Board of Governors] shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.” If the President has reason to believe that members of the central bank are acting politically, he can remove them under the law. Something the Board of Governors should keep in mind when it meets again in September. What do you think?

China keeps 3 million in concentration camps, harvests prisoners’ organs, threatens Hong Kong and Taiwan daily and is arming North Korea. So why are we trading with them?
http://dailytorch.com/2019/08/china-keeps-3-million-in-concentration-camps-harvests-prisoners-organs-threatens-hong-kong-and-taiwan-daily-and-is-arming-north-korea-so-why-are-we-trading-with-them/

China is alleged to harvest the organs of thousands of political dissidents it keeps in concentration camps, its humanitarian record is otherwise abysmal, it threatens Hong Kong and Taiwan daily, it appears to be funding and assisting the North Korean nuclear missile program and is using the hundreds of billions of dollars of trade deficits to build a first rate navy to defeat us (every year’s trade deficit pays for more than two years of China’s military spending). So why are we trading with China and underwriting this totalitarian regime and mass murder with $380 billion of trade deficits every year?

Primary challengers of sitting presidents never win, even strong ones, and neither does their party:
http://dailytorch.com/2019/08/primary-challengers-of-sitting-presidents-never-win-even-strong-ones-and-neither-does-their-party/

Any Republican supporting a primary challenge against President Donald Trump for the Republican nomination in 2020, if it is successful or even if it just hampers the primary process, is virtually guaranteeing the next president will be a Democrat who will nominate the next Supreme Court and sign laws like the Green New Deal, socialized medicine and universal income. Every single one of the one-term presidents of the 20th Century — William Howard Taft, Herbert Hoover, Gerald Ford, Jimmy Carter and George H.W. Bush — all faced strong primary challenges. Harry Truman and Lyndon Johnson both withdrew their candidacies from the elections of 1952 and 1968 respectively in the face of a strong primary challengers. In every one of these instances, the opposition party won. Every single time. All of which make such a primary challenge of Trump ill-advised, that is, if Republicans are in the business of winning elections. What do you think?

President Trump hits China with more tariffs, sanctions on fentanyl and threatens broader economic sanctions — and it’s about time:
http://dailytorch.com/2019/08/president-trump-hits-china-with-more-tariffs-plus-sanctions-on-fentanyl-and-its-about-time/

President Donald Trump stepped up the pressure on China last week by leveling sanctions against Beijing for its role in bringing tons of fentanyl to the U.S. that has killed more Americans than the Lusitania and Sept. 11, 2001 combined, plus a new round of tariffs to keep the pressure on Beijing to come to the table on trade. To top it all off, Trump threatened broader economic sanctions on China and urged U.S. companies to leave, citing authority under the International Emergency Economic Powers Act to block transactions upon declaration of an emergency. Dialogue, of course, is preferred, but Beijing appears more interested in inflicting damage on the U.S. than talking ahead of the 2020 election in the hopes the American people elect a more acquiescent candidate. We’ll see, but history teaches it’s usually not a good idea to bet against America. What do you think?

Trump is not wrong about interest rates and the strong dollar, but does the Fed have any ammunition to do anything about it?
http://dailytorch.com/2019/08/trump-is-not-wrong-about-interest-rates-and-the-strong-dollar-but-does-the-fed-have-any-ammunition-to-do-anything-about-it/

President Donald Trump is not wrong. Relative to other countries, interest rates in the U.S., as low as they currently are, are higher relative to our trading partners. And the federal funds rate at 2 percent to 2.25 percent is well above the 10-year treasury and have been inverted since May and so has the 10-year, 3-month treasuries spread. In the meantime, the U.S. dollar versus the Chinese yuan and the euro remains quite strong, making exports to the U.S. much cheaper. But even if it started aggressively cutting rates right now, can the Fed really do much about it? We were at near-zero percent on the federal funds rate and did trillions of dollars of quantitative easing during the Obama administration and growth was still tepid as we lost market share to China. Is monetary policy out of bullets?