Drudge Retort: The Other Side of the News

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Friday, May 19, 2017

The president suffers from an advanced case of Tweet-and-Mouth disease. He undermines his own legal defense only hours after they are erected. Driven by the hunger of his own ego, Trump has manufactured a political crisis which will pitch those staff who lied on his behalf into of a prosecutorial inquiry. Some of them even deserve it.

The brawny Colonel and National Security Advisor, HR McMaster,was viewed as the Trump tamer, someone who would steer the president away from his Russian fantasies and toward the real objective: war with Iran.

McMaster delivered a crisp, cagily-worded denial, calling the Post story "false." That should have been the end of it.
But Trump put himself and McMaster in a difficult position with this twitter: "As President I wanted to share with Russia which I have the absolute right to do, facts pertaining to terrorism and airline flight safety. Humanitarian reasons, plus I want Russia to greatly step up their fight against ISIS & terrorism."

Thursday, May 18, 2017

Contrary to conventional wisdom, money is not fixed and scarce. It is "elastic": it is created when loans are made and extinguished when they are paid off. Private banks create 97% of our money supply today. The Federal Reserve tried but failed to stimulate the economy by expanding bank lending that expands the money supply with QE.

While American politicians debate how to finance the needed fixes and which ones to implement, the Chinese have funded massive infrastructure projects all across their country, including 12,000 miles of high-speed rail.

A key difference between China and the US is that the Chinese government owns the majority of its banks. State-owned banks create money as credit on their books, just like private banks. The difference in costs between these two arrangements is about double.

The US government could do that too, without raising taxes, slashing services, cutting pensions, or privatizing industries. (Ellen Brown)

Wednesday, May 17, 2017

Andy Rowell, Common Dreams: Within 10 years, a radical technological shake up in the way we drive may occur as people switch from petrol and diesel engines to self-drive electric vehicles. The cars may be owned by fleets, not individuals. The days of individual car ownership are coming to an end, as people switch to self-drive electric vehicles which are 10 times cheaper to run. They will also be significantly cleaner. China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles, initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast. Big Oil and big car companies will be in trouble as millions of drivers switch to clean electric vehicles. The tipping point could be only two or three years away. What the cost curve says is that by 2025 all new vehicles will be electric, all new buses, all new cars, all new tractors, all new vans, anything that moves on wheels will be electric, globally. read more

It must be strange to be Donald Trumph. He was in favor of late-term abortion, has never had an issue with gays, had Roy Cohn for a mentor, and during his campaign favored detente with Russia and single-payer healthcare. And now, after a circus freak show of a presidential campaign which happened to also be the length of his entire political career prior to taking office, he finds himself in charge of an anti-choice, anti-LGBT, anti-Semitic, anti-Russian, and anti-healthcare political party. The only thing that really unites him with the rest of the GOP he took over is a form of white nationalism that is much more brash and overt than Bill Clinton, who like Trumph remains a pig and charlatan of the highest order.

If Trumph does not deliver to his middle class petit bourgeoisie some sort of political bounty that eases their anxieties over the collapse of their American dream then you will see develop rather quickly a third party political force that is genuinely fascist. read more

Tuesday, May 16, 2017

In the UK, Labour's manifesto, unveiled today, is a moderate, commonsense set of antidotes to the big problems holding back one of the wealthiest countries on earth. The manifesto includes pledges to raise taxes on the wealthy, nationalize public services, build affordable housing, invest in education, and install free WiFi on trains. On Twitter, the manifesto's release was tracked under the hashtag #ForTheMany.

Its unbridled optimism was met with excitement from voters and disdain from Britain's corporate media, which has a fraught relationship with Labour leader Jeremy Corbyn, and the reality remains that the Conservative Party is still ahead of Labour in the polls. read more


The only substantive allegation in the article is:

"In one case last year, senior intelligence officials tell TIME, a Russian soldier based in Ukraine successfully infiltrated a U.S. social media group by pretending to be a 42-year-old American housewife and weighing in on political debates with specially tailored messages. In another case, officials say, Russia created a fake Facebook account to spread stories on political issues like refugee resettlement to targeted reporters they believed were susceptible to influence."

How do we measure the impact? Is it really a cause for concern?

On the other hand, the entire liberal establishment claims and takes it for granted that Russia "hacked" the 2016 election. Bill Maher couldn't stop ranting about this last might in a rather entertaining program, but the practice is widespread. The story has permeated the mass media. At the same time, an otherwise paranoid Diane Feinstein, with direct access to CIA intelligence, has clearly stated that there is not one scintilla of evidence to support this claim. The Russian conspiracy theory is a propaganda product of the US Deep State, which was alarmed by Trump's clear intent to improve relations with Russia. It worked to the extent that they got Trump to declare relations with Russia are at a new low.

If any organization has the means and the motive to hack the 2016 election it is the Rethugs. It is now clear they succeeded in eliminating 200,000 voters, in districts they targeted, from voter registration roles, thereby preventing them from voting. Trump won Wisconsin by 22,000 votes. This is a real problem, if not a crime.

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