26 Burst results for "Potomac Watch"

Keystone XL pipeline halted as Biden moves to cancel permit

WSJ Opinion: Potomac Watch

00:21 sec | Last month

Keystone XL pipeline halted as Biden moves to cancel permit

"Another order that is slated for biden ends day one signature is. He says he's going to revoke the permit granted to the keystone x. l. pipeline and just as a reminder. This is the project that is intended to carry crude oil from alberta canada to nebraska. Where it's going to link up with another pipeline going to the gulf

Biden Alberta Nebraska Canada
Biden to pick Janet Yellen for Treasury secretary

WSJ Opinion: Potomac Watch

00:46 sec | 3 months ago

Biden to pick Janet Yellen for Treasury secretary

"On the economic side. Meanwhile the the big Appointment that has been announced so far is made new. So far is janet yellen for treasury secretary. Yellen goes back away. She was chair of a president. Clinton's council on economic advisers and then did long service at the federal reserve and on one hand. Jason it's not elizabeth warren who reportedly wanted the treasury secretaries job but the issue raised in the journal's editorial today is the question of the fed's independence and i'll just a line here The royal says Museology worked with current fed chairman. Jerome powell during the obama years and they are likely to form a mind meld. Fiscal and monetary policy.

Janet Yellen Yellen Treasury FED Elizabeth Warren Clinton Museology Jason Jerome Powell Journal Barack Obama
Moderna and Pfizer Are Reinventing Vaccines, Starting With Covid

WSJ Opinion: Potomac Watch

00:46 sec | 3 months ago

Moderna and Pfizer Are Reinventing Vaccines, Starting With Covid

"The big vaccine news last week was that pfizer's candidate for covid nineteen vaccine appears to be remarkably effective in a study that enrolled thousands of people. That's how they test the stuff some get the vaccine so i'm gonna placebo and they wait and see which group shows cases of covid and in this case based on ninety four reported infections the early results suggest that pfizer's vaccine might be ninety percent effective and then on monday. The news came about a vaccine candidate from madonna and based on ninety five infections of covid. That vaccine is estimated a based on these early results to be ninety four point five percent

Pfizer Madonna
Trump says he'll use his own cash to fund his campaign if needed

WSJ Opinion: Potomac Watch

02:01 min | 6 months ago

Trump says he'll use his own cash to fund his campaign if needed

"Finally, there's some talk of. A cash crunch. Now for the trump campaign incumbents generally have a financial advantage but there's reporting that that the trump campaign has raised one point one billion dollars since the beginning of twenty, eight nineteen and has spent more than eight hundred million of that already, and some questioning of why the trump campaign for example, spent money at a super ad long before average voters are tuned. In and meanwhile Jason the Biden campaign raised three, hundred, sixty, five, million dollars in August alone, which is a new one month record for fundraising like that and I. Mean obviously money is not everything trump was outspent in in two thousand sixteen but it's it's interesting to wonder whether the management of these campaigns could play play a role in the dynamic in these last few weeks to. Share and I think you know the Biden people. They have a lot of support in among wealthy people. I think Kamala Harris has been probably a good fundraiser among California's well to do, and so I think you know a lot of a lot of people have decided. that you people who run companies and so on. Have decided that you know they don't want any more of the trump show and I do think that they're going to give Biden a fundraising advantage I saw that the president is thinking about spending. Hundred million dollars of his own money by. You know I think I think that that's that that's a red flag for him. If he doesn't have enough if they don't have enough, for example, the contest in Michigan Nafta books on other states and that's also. Going back to what Kim said about the Senate not just going to hurt the president but hurt Republican chances in the Senate if the trump campaign has to pull back in be more selective about where they're spending.

Biden Donald Trump President Trump Senate Kamala Harris KIM Jason California Michigan
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:19 min | 6 months ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"From the opinion pages of the Wall Street Journal this is Potomac Watch. The first balance of the twenty twenty election are on their way to voters president trump tells his supporters to vote absentee and then go to the polls and what do the Friday jobs numbers say welcome I'm Kyle Peterson with the Wall Street Journal sitting in today for Paul Zhigo. We are joined today as usual by my colleague. Kim Strassel Hi Kim. Hi Kyle and bill. mcgurn. Happy Friday bill happy Friday. So Friday September fourth is sixty days from election day, but North Carolina is now beginning to send out absentee ballots to its voters. Alabama will follow suit next week in all about half of states could send mail ballots out to voters this month and early voting is not that far off either it starts September eighteenth in Minnesota September twenty first in Michigan and Kim I guess my thought is does that does that seem a little too early? Yeah, this has been a big discussion that people have been having for years. I grew up in the state of Oregon which was one of the first. States to have a mail in balloting but. Moves like that along with earlier and earlier voting times have made a lot of people question what we're doing the used to be a time where we had an election day and people were allowed to go out and make their arguments all the way up until the end One of the risks that you have with all of this early voting is that there could be some major shift right before some big news or something that happens that dramatically changes a community or a population's view on a candidate, and we are locking in boats before that time making it harder for the campaigns to really make their closing arguments, and this is just a broader discussion that I think. A lot of states that need to be having about wisdom of these long long windows and just to add to the time line here. So there are three presidential debates scheduled between Donald Trump and Joe Biden, but the first one isn't until the end of September and the.

Wall Street Journal Donald Trump Kyle Peterson Kim Potomac Watch president Joe Biden Paul Zhigo Oregon North Carolina Alabama Minnesota Michigan
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:56 min | 6 months ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"From the opinion pages of the Wall Street Journal this is Potomac Watch. Welcome back. How about the policies that are being proposed here trump second term agenda. There was not a whole lot of it to my eye on night one. I mean, Democrats. Were criticized last week for trying to. Hide their agenda for talking mostly about how great of a Guy Joe Biden is But in fairness I mean Biden has said what he plans to do for good or ill in meticulous detail talked about raising the top tax rate providing free college creating a gun buyback program, for example. And I mean maybe maybe it's coming in these next three nights Kim but I didn't see a whole lot of a second term agenda from president yet. Yeah not a lot. What you did have was the the trump campaign did put out bullet points of what his second term goals we're going to be and they made clear that he intends to focus on these plans during his acceptance speech on Thursday, and then in the coming weeks that he'd be sharing additional details about them speeches on the campaign trail. and. Those bullet points. We'd we'd been getting at the beginning of all of this and they're pretty broad but a lot of them are about getting America back to where it was jobs create ten million new jobs in ten months. create one million new small businesses further cut taxes expand opportunities zones promises on dealing with Covid nineteen in particular vaccine and a rollout, and I thought by the way this a pretty. Powerful promise. I quote return to normal in two thousand, twenty one Some things to do with China healthcare cutting drug prices and insurance premiums. Education defend our police more about helping law enforcement officers to do their jobs. And and and more. So no not a lot in terms of what we saw in the first convention night. But it does sound as though they're getting it and again I think really what they wanted to do on that first night was rather than in start making their promises about what to come is to highlight. What a great country this is. And to draw again, some really important contrast you know. Just to come back to this theme. Really quick. One of the things that to me the most powerful speech that happened there was speech by Mao Maxima Alvarez talking about fleeing. Cuba. When he was thirteen years old as Castro and communists took over and again this point about getting somebody to say more than Donald Trump, yelling socialist on on twitter I'll just read you one speak his part of his speech..

Joe Biden Covid Donald Trump Wall Street Journal Kim Potomac Watch Mao Maxima Alvarez Cuba president America Castro China
First night of Democratic National Convention Round-Up

WSJ Opinion: Potomac Watch

07:37 min | 6 months ago

First night of Democratic National Convention Round-Up

"Democratic Party opened its quadrennial convention Monday night with two hours of virtual programming. was, a mix of speeches by high profile political figures, messages from ordinary Americans interview segments, news ICAL interludes. Kim Any any general impression that hit you from the first night. Well to General Impressions. The first is that we have now gone a completely to the point where conventions are what everyone feared they are, which is that they are giant infomercials you know, and that's been pretty obvious for a number of cycles that the business of conventions has become almost an afterthought and it's really about. Presenting these people in pitching for the party out there with the nation and that you're not having anything in per a person all you had was this long stream of folks talking that was very much like an extended again campaign commercials. So that was noticeable. I think that the other major impression is that Democrats are not going to be running. All on an agenda, this year anything to do with their policies for me. What I saw in this range of speakers talked they they spanned the entire Party spectrum but they all had the same themes which is at Donald. Trump is horrible. He has mismanaged the Cova crisis and his character is terrible and therefore this is a referendum on him. Starting with the first of those points, I? Mean it's been a long time since the last contested convention the last convention where delegates went in truly not knowing who the nominee was going to be though every four years it seems like political fanatics think this year could be the year but I agree with Kim bill that it was particularly obvious this year because of the format that there's really nothing going on except commercials here I mean, what do you make of the format? It was more of A. A A variety show in the typical convention, a short speech, and then you had a a soccer star interviewing health workers. There were quicker quicker cuts between segments. So maybe that's more engaging in a an attention span challenged age, but you sort of lose the energy of having a stadium full of people cheering their brains out. Yeah. Absolutely. Cut Look in fairness to them. This is something very new. You know they've had to improvise no one's done it before. So it's easy to make fun of them, but I think the problem is. It was pretty boring I felt as though I was watching a PBS telethon over some issue where various people would come on to lecture me about something and that's partly due to the format. You know when you go to a convention like you said, there's nothing like a room it's usually a stadium or a basketball arena full of cheering people you know gives you a lot of energy in all the it's all about fun and access you have people dressed up and crazy outfits, and so forth you know all completely partisan. Convention everyone's on the same side and the purposes to generate some enthusiasm I thought this was really odd. I without without Joe Biden, you know it's not. it's not typical to hear from the presidential nominee until the end, right. So that's but usually you see pictures of sitting in his seat with his family watching you know watching the proceedings cheering along at different people I thought of all the speakers. you know Muslim seem pretty angry I get that you know the campaign strategy is to blame Donald Trump for all the cova deaths and and that's the way they think their ticket is but I I don't think they have to be quite as angry because anger to me doesn't denote confidence and I think Joe Biden would be better to be a little more cheerful and the the people like that around and to be the Joe Biden that debated Paul Ryan. For example and I think did very well I'm not sure we saw that last night even Michelle. Obama you know she talked about going high but then sort of implied that people who disagreed with their did. So because she were as she was African, American I didn't really think that was a high note whereas Amy Klobuchar who got no attention I thought she gave a good convention speech was witty. It was cheerful and it was confident. But of course, no one. Really spoke of her contribution Kim. What else is missing this year if you've been to these conventions, many listeners probably haven't. They used to experiencing is just the big speeches on TV with lots of applause of lots of canned jokes can lines what what's the experience like being there that that's missing this year. A couple of things you know the real merit of a of a convention for both parties is that it's a great big party in the biggest sense of the word is the one time. Every four years were every political figure up ballot in down ballot in the party is all present in one place and so it's is a great opportunity. Especially, if you're a member of the media you would traditionally go out and you just bump into these folks and they have some interesting idea or something and you you end up writing about it, getting it, and so it's a place where. You get really get your hands on the mood within the Party and the issues and the ideas that are driving the party and the Internet rivalries. If there are any just not getting that this year and as a result it, I think the entire media coverage of the convention is is pretty hand because it's essentially about this lineup of speakers and you've missed any of the impromptu aspects of a convention that come from people being together. I think the other thing is that it also allows the party and this is a a detriment in my mind to the American public. It is allowed the party at least Democrats to to squelch any dissent or at least any public displays of stent. Usually when you go to these events, there are dissenters within the party they go down on the floor during the the discussions about the platform and they they disagree that this was in there that was in there Democrats went to A. Lot of effort to make sure that wasn't a theme that nothing like that could happen at this event and it would be hard to anyway because of the way of the format but Tom Perez, for instance, had the entire platform button-down and so for instance, nobody saw the fact that representative Rashida Labe who's one of the squad? She's a Democrat from Michigan. Voted no on the democratic platform on Saturday. As she was casting her vote from the DNC ballot because it didn't include a plan for single payer healthcare and if that kind of fight had happened in person at a convention, there might have been some legs to it. You might have had more of the progressives revolting but because all of this is being managed over zoom and and they know that there isn't much an opportunity to to to really get a movement going most people have just you know saluted and voted for the things that the party told him to vote for. So you're not seeing the traditional floor fights.

Kim Bill Donald Trump Joe Biden Democratic Party General Impressions Democrats Amy Klobuchar Soccer Tom Perez Barack Obama Basketball Michelle Michigan DNC Rashida Labe Representative Paul Ryan
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

03:17 min | 7 months ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"From the opinion pages of the Wall Street Journal. This is Potomac Watch. Welcome back out one last point on the. Of Social Security it seems like a something that Republicans are saying response is that it's not as if the Biden campaign is a paragon of fiscal rectitude when it comes to entitlement programs. Anyway, Kim. Because for example, Biden is proposing to lower the medicare enrollment age two, six year old. So sixty year olds can enroll in Medicare and that trust fund believe scheduled to run out even earlier than the social security one is maybe in the next handful of years. So it seems like that's a a reasonable counterpoint to that to the Biden argument. It, is a counterpoint. It's not really an answer to what you do about. Social Security and it's it's interesting. The President's campaign team is is out there saying the president has vowed, he will always protect your social security and your medicare although they have never really explained how they're going to do this, and this has been a criticism of trump going all the way back to when he ran in two thousand sixteen in that when asked with questions like how are you going to preserve these programs? Programs. Are you willing to make any hard choices whether it be benefit cuts or whether it be structural change in programs to make sure that they are more solvent for the long-term? He's never really had an answer for that, but they are correct in pointing out that Democrats have no standing to complain about this. Especially given their medicare for all mantra among the Bernie Sanders crew But also even Joe, Biden's plan for having an option of public option that he would add to the Medicare plan. It would rapidly deplete Or require enormous tax increases in order to cover the outgoing every year and they you know they have sort of Don some. Math in order to suggest that this at work when in fact, it's I. It would. It would undermine the program very quickly. The second big trump memo over the weekend directs forty, four, billion dollars of federal emergency funds. To a lost wage assistance program of a three, hundred dollars a week. Just, to do a little review, remember the that an earlier cove relief bill provided a federal supplement to unemployment benefits of six hundred dollars a week that expired on July thirty one. Congress has not been able to come to an agreement on extending it. Democrats wanted the full six, hundred dollars extended Republicans. said that would give a many workers more money on employment than they were making on the job stalling any economic recovery, they suggested making it two hundred dollars instead and in the absence of any agreement there. Now, president trump is saying essentially the that hill, a fill that gap on his own. So Bill, what do you make of this other legal constitutional problems here? Yeah. I think this is the one that has the The most troubling implications because the power of the purse is reserved for. For Congress in what the president's doing round is shuffling money from two different programs. The way he wants I, I..

Biden President medicare Wall Street Journal Potomac Watch Congress Bernie Sanders trump Kim Bill Don Joe
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:22 min | 7 months ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"Are Doing Mail in voting and no real quality control and no ability to get an answer on the day and what does that mean for actually discovering the the winner of an election or contesting the winning of an election and I I think it's should be one of the top things we are discussing right now but it hasn't been getting adequate attention. Yeah. I guess I'll add one more thought to this discussion, which is that if you're a Republican senator running in one of those competitive races, I think this, this tweet would be a little bit disheartening i. mean there are there's some speculation that may be president trump is. Is trying to save some face so that if he loses in November. He has something he can point to and you're a Republican senator running one of those races. That's that's that puts you in a really tough position bill because you can only run. You can only run so far ahead of the man who's at the top of the ticket and if you are in a competitive race, what you really want even if even if the president's down in the polls is somebody who is going to. Run through the tape essentially and try to save the Senate Save Party even if even if his own personal police not looking that great right. I mean I think in practical terms So many people have suggested to the president that he you know he filters tweets little more think twice think about the effects as you say, not just himself but to the people that he needs to get an agenda through I'm not sure that's been that successful even as the president concedes that he regret some of those tweets but I think it remains absolutely true. Look. The general rule is what the president tweets can and will be held against all Republicans and if he thought about that, that might be that might be one filter to apply and not, and also it needless I. Mean I've always adhered to the rule if it's not necessary to say it's necessary not to site because you can only get in trouble you'll only hurt yourself forward and I believe especially in these next few weeks before election day that that should really be the number one rule. All right. Well, thank you Kim and bill. Thank you all for listening. We'll be back next week with another addition of Potomac Watch..

president senator contesting Senate Potomac Watch Kim
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

05:42 min | 7 months ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"From the opinion, pages of the Wall Street Journal this is Potomac Watch. Welcome back on the point about school. Funding Funds for Schools Kim. The, dividing line between Republicans and Democrats, least seems to be whether the money should go to all schools, or whether it should go up primarily to schools that reopen in physical classrooms and argument there I take it is that Republicans are saying. You know this these. This funding is for schools to prepare for them to buy protective equipment. If they need it for them to put up you know plexiglass like you see. In retail establishments right now, and that's what the funding is four, and so we should limit it to schools that are actually going to use the funding for that purpose. There's that there's also the reality look. We spent sent billions of dollars to schools in the first aid packages, and that's what that was supposed to be four, so there are a lot of Republicans or saying why on Earth Are we sending another seventy billion to K. through twelve schools. Why are we sending another thirty billion to higher education you know? Does Yale really need a bailout here? and. So and then definitely the point about why are we? Why would we be giving any money to schools that are refusing to reopen and re educate and educate children? Especially just because this has now become a dividing line now Republicans have apparently one of the parts their agreement, or at least their initial outline what they were going to do is. Send. About half of the money through, K. through twelve out to schools to all schools, but then the additional amount was going to be reserved for schools that were in fact reopening. We'll see if that gets changed at all, but I think one of the frustrations for me. Here is just that in addition to potentially very wasteful spending in this regard, because there simply is no real proof that schools need funding but I think the other issue is if you look at what's happened as a result of the schools fight is, it's really shined a spotlight on. On the failures of a lot of the nation's schools, especially as public schools and the importance of of choice in charter schools and private schools and home education, which so many people have been forced to to deal with, and and are now embracing some new options, and so, why on Earth is the GOP Senate sending billions of dollars that we know a lot of which is. Is going to get funneled to public teachers unions that oppose that choice I'm and that, in fact they're gonNA skim money off the top of union dues and use it to elect Democrats. So this is just a to me. This is one of the worst parts of the bill. It looks good. Everyone can say see. Hey, we're. We're helping schools, but no one seems to have thought. Thought through how the is actually going to be used to where it could end up, will there does seem to be at least a little bit of growing dissent in the ranks We mentioned I think Rand Paul on a previous podcast. Now there's a an op Ed in our pages by senator..

Democrats Wall Street Journal Potomac Watch Rand Paul Yale GOP senator Senate
Seattle Mayor Cancels 'Summer of Love' After Slew of Violence

WSJ Opinion: Potomac Watch

02:09 min | 8 months ago

Seattle Mayor Cancels 'Summer of Love' After Slew of Violence

"Autonomous zone? Is? That was formerly called in Seattle. Protesters have have redubbed it. the Capitol Hill occupied protests now or the chop as they are calling it but it's this. About six blocks in Seattle where protesters have been camping out and police really don't have a presence a couple of weeks ago. The police left they. They're east precinct there and protesters activists hangers on have pretty much had the run of the place. Kim and the results are not always pretty. Well it is certainly not turning out to be what Seattle Mayor Jenny. Durkan called the summer of love We know that. We had a young man who actually was shot and killed in the zone this weekend. two other people who had to be taken to the hospital in all of those cases. One thing that really concerned. The police was that an an emergency services was that they could not get in there, and these people ended up being delivered to the hospital in private cars. which may or may not have affected their health or the outcome of that situation? And so we are seeing what happens when you have a zone in which there is no government provided policing or emergency services so much, so that Ms Durkan. Since to have finally got the message there was. Following the weekend, a lot of business owners and individuals in that area who began to speak out? Loudly saying. Hey, you have abandoned us here. Something needs to be done. She has now said that they will clear out that area although interestingly says that they will not initially do it with the aid of the police that in fact they will leave it to community organizers to try to encourage people to go. There is no word on when that begins or no word on what happens when people decide that they will not leave She has suggested or said that the police will also soon be reoccupying that east precinct. They abandoned before and. It looks as though that the summer of love has quickly ended

Ms Durkan Seattle KIM
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WSJ Opinion: Potomac Watch

03:04 min | 9 months ago

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"From the opinion pages of the Wall Street Journal. This is Potomac Watch. Welcome back on this idea of police pullback. There is a notable new paper published Monday by the National Bureau of Economic, research A, which Roland, fryer. A Harvard economist, and his Co author looked at the effect of federal and state investigations into policing. And here's what they found part of what they found they say all investigations that were preceded by viral incidence of deadly forests have led to a large and statistically significant increase in homicides and total crime. We estimate that these investigations caused almost nine hundred homicides and almost thirty thousand excess felonies, the leading hypothesis for why these why these investigations increase homicides in total crime is an abrupt change in the quantity of policing activity unquote, so Kim I mean that that seems to be another another piece of evidence for the argument that that police activity in these neighborhoods matters when there's something that causes police to pull back rightly or not, whether the protests are justified or not. When the police pull back, the result is more crime. This is something that some people call the Ferguson effect and that was a term that was coined by. Doyle Sam Dotson who is the chief, the Saint Louis Police looking as how account for increased murder rates in some US cities. Follow it saying the the unrest in Ferguson. After the two thousand fourteen shooting of Michael Brown and there has now been a lot of study in this, and you find it that pretty much everywhere when they. Police were investigated following incidence of deadly force, especially ones that had really gone viral. Police activity declined and violent crime spiked, so you saw it in Ferguson It happened in Chicago after a COP. shot lack McDonald Baltimore after Freddie Gray died in police, custody, and one of the things that Fryer and others. Stress isn't necessarily the investigations that are a problem because we do need investigations into some of these things, it's rather It's the hugely publicized viral element of them. THAT SPOOKS COPS CAUSES Causes them to Paul back. and not engage anymore with the civilian population dramatically reduce that kind of contact and as a result, you just see a huge spike and lawlessness so we as a society. We've got a I mean this is more reason for why we've got to look at this rationally. get our heads around. Some of the policy issues. Come up with some uniform standards so that when these things? Things happen. We can deal with them in a an common appropriate way because we're doing damage.

Ferguson Wall Street Journal Potomac Watch Doyle Sam Dotson National Bureau of Economic Fryer Kim US Roland Michael Brown murder Freddie Gray Chicago Paul Baltimore
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:46 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"Has become a kind of nationalized races at wor With people like Alexandra Okay Zeo. Cortez endorsing Murray Newman and Bernie. Sanders endorsing Marine Lumen. It got a lot of attention When they do that they can often take out their targets but across a broad sort of country. You're not necessarily seeing the same trend. Kyle any thoughts on the Pinski. Yeah I mean. I think it's interesting that it was the same candidates two years ago as this year and Lipinski won by about two points last time and now he's lost by about two point so it's about a four point swing and I mean just to bring this back to Joe Biden. He has definitely learned the lesson of this moment. I mean in the Senate. He spent decades opposed to specifically taxpayer funding for abortions And in his one of his memoirs he talks about how this is a matter of conscience and principal over Over expediency and last summer then he switched his mind and said we got a we got to throw at the Hyde Amendment I mean he he definitely is feeling the pressure on that front. The PINSKI is one of those Kind of old style working class Democrats who dominated the Democratic Party for decades remember Dan Rostenkowski. Chicago ran ways and means John Dingell Southeast Michigan. These are the people who the old style kind of new deal. Democrats believed in the use of government to to to help working people but We're often culture more culturally more conservative guns and other things. That distinction is going away. Very very precious. Few of those in the Congress left Kim. Absolutely if you look at Lipinski's district was south west side of Chicago. It kind of stretches out into the western suburbs And that was definitely the kind of mentality of that area of the city for a long time. There's also a thought which I I think probably has some bearing in reality. Lipinski might have been disadvantaged as well by the fact that in this goes to your point Paul that a lot of his support came from older voters in the district and people who shared that viewpoint. That you just put out. And there's a thought that a lot of them did not come out to vote because of fears over. Corona virus that they were the of the demographic that stayed home So you're right overall. We are losing in general that entire kind of category of Democratic Congressman. Thir- out not just in the house either but in the Senate to all right Jim. Thank you. Thank you kyle. Thank you all for listening. We will be back later in the week with another addition of Potomac Watch..

Lipinski Joe Biden Pinski Senate Kyle Chicago Marine Lumen Alexandra Democratic Party Sanders Cortez Murray Newman Dan Rostenkowski Potomac Watch John Dingell Congress Bernie Michigan Congressman Kim
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

04:09 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"He's making headway and in national polls and in some of these statewide polls doing well and Florida as well So so He's making headway in a race where there isn't like a Hillary Clinton way out ahead. It's kind of a three way. Maybe three and a half wave. You can't put a judge race right with the other people around twenty percent so the threshold to be at the top is a lot lower and I think even Bloomberg would concede read that his strategy is also based on if if Biden loses altitude right from and so we know a week from today could look very different depending what what what happens in Iowa. I think the interesting question for me is if he gets above this fifteen percent. I mean he won't do in Iowa but if if California or gets into the territory can the Democrats keep him off the stage. That would be really interesting. If there's one debate on the stage stage and then another debate going on in the media well on that point if he's popular with the Democratic National Committee has just changed. It's criterion for a criteria for the February nineteenth debate. which would be after the New Hampshire primary on the eleventh and they have removed the donor requirement that helps Bloomberg because he's only don't right so literally true but it's close and So that means and they're still you still have to get I think they're too polling. Thresholds twelve percent in two polls in South Carolina and Nevada And then four ten percent in four polls nationally or something close to that. So you still. I'll have a polling threshold but that is even more incentive Kim you to for for Bloomberg piling more money to see if he does polling racial absolutely and expect to hear. I'm waiting for it a lot of griping from other candidates especially the likes of Elizabeth Warren Learn about billionaires who bought their way onto the debate stage It's a fundamentally unfair charred because we've written off in it the Journal In this kind of advertising is speech and if you're not someone like an Elizabeth Warren who daily has a megaphone in front the cameras as an incumbent or taking part in impeachment trial often this kind of advertising is the only way to make yourself known to the country and have a voice to get out there whether it's your own funds or or or you know wealthy donors behind you that are backing it. So but they'll be a lot of complaints about this. I hope he does make it onto the debate stage. Because I'm not a big fan myself south of Michael Bloomberg but he does look at a lot of these issues in a way that is different from all of the front runners who are up there at the moment and it would be great for the Democratic primary primary electorate to get to hear those and He's already prom. I mean his campaign is saying off the record that he's going to spend a billion dollars or two billion again to try to defeat Donald Trump and I think that is getting under Donald trump skin. I think you can see. He's calling a mini. Mike Gore is more paying more attention to him. So last word Bill. Yeah I agree it also just add this point about buying your way into an election actioner into the top. What what does that really mean that you have a message that resonates with voters right? That's that's all it means. If he had a message doesn't resonate he wouldn't be able able to buy his way onto the stage. It means that if you're growing in the polls it's because people are listening to your message and they like it. I think that's good for American politics and I think at that commitment about the spending on trump that also I think might make the party more inclined to hear them out. You know that we whoever our nominee is we want him to have the support of Michael Bloomberg. Thank you bill thank you Kim. Thank you all for listening. We will be back next week. with more additions Iowa Caucus week additions of Potomac Watch..

Michael Bloomberg Donald Trump Mike Gore Iowa Kim Elizabeth Warren Hillary Clinton Democratic National Committee Florida Biden New Hampshire South Carolina Potomac Watch Journal In Nevada California
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

10:57 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"This is Potomac Watch house. Gamma Kratz finally. Send their articles of impeachment to the Senate after a month delay and a Senate trial will begin as early as Thursday. We'll tell you what happens. Connects plus a Democrats hold their seventh presidential debate and Elizabeth Warren plays the gender card on Bernie Sanders. Will it send her to victory in in Iowa. Welcome I'm Paul Zhigo with the Wall Street Journal with my colleagues Kim Strassel. Hello Kim Hollow Paul. And Kyle Peterson and Kyle. How are you hello? Hello so let's. Let's talk about the impeachment Breakthrough such as it is Nancy Pelosi announcing impeachment managers news on Wednesday who will essentially be the prosecutors in the case in the Senate trial and They will will be responded to by the president's lawyers assuming they get that chance in the Senate we don't know how this the entire contours of the trial will take place yet because there will that will depend on some votes to come but The impeach managers are named the include. Adam Schiff the intelligence chairman who has led The the impeachment in the house. Jerry Nadler the Judiciary Committee whose wanted to impeach Donald trump since probably since so. He was a baby and chairs Zoe lofgren of California another longstanding member and chairwoman who is here for the Who was in the House for the the Clinton Impeachment Hakeem Jeffries member of the leadership of New York and a couple of others? What do you make of that list? Kim Kim my own view I guess is that Hakeem Jeffries is probably the most compelling in terms of being able to present evidence. Yeah what you see from all of these people they. They're largely all members of either the House Intelligence Committee or House Judiciary Committee Except set for one Jason Crowe of Colorado. He's a former army ranger. He sits on the Armed Services Committee in the House. But the point of picking some of these is that because they sat act through all of these hearings that were conducted by Adam. Schiff and Jerry Nadler at judiciary and intelligence they're probably the most familiar with the material A couple of them have backgrounds in law or working in court so probably that expertise. One thing that's interesting balls. There was only seven of them named now now. There were thirteen in the Clinton impeachment. Trial thirteen managers and they. They broke up the burden of opening statements and presenting different different parts of the case. This is a much smaller crew. We still don't know how exactly they intend to divvy up the tasks when they go into dress Senate well I guess one question I I have and it's only partially tongue in cheek. How Come Adam Schiff lead anybody else? joined him in this well and he's He he he he loves the limelight and The cameras and I'm only partially kidding. He couldn't carry the ball the entire way. But I don't know that shift Xifen. The and Nadler are the best look for the Democrats at the stage. I would put other people forward if I could The speaker but I guess this this is in part coalition management. She's gotTa let those senior members Upfront Kyle Yeah. And they I mean shift and now there were the ones who shepherd this through through the house in the first place and so if you're in their shoes you have a pretty strong argument to make to Pelosi that you you deserve. You ought to be the one of the people moving over to the Senate to To push the trial there. Yeah Okay Kim. The the Senate trial will begin with formalities. according to The majority leader and the minority leader statement As early as Thursday with the first appearance of the chief justice in the in the Senate Chamber and then there will be the butt. And they're going to keep them even knew at some reporting on this. Tell them what. Tell us what's going to happen after that. Well a lot of these votes votes which we're GONNA see start likely on Friday And go on to Saturday are going to deal with procedural questions but they'll be important procedural questions in that will outline the contours of this trial. Is You mentioned. So for instance right. Now I'm here in that Mitch. McConnell and tends to give twenty four hours to the prosecution as it were meaning to the House Democrats to present their case twenty four hours to the White House to defend itself. The question would be. How many hours a day is that broken over to that? They're supposed to start around one o'clock every day. Do you keep them there until nine PM. So eight hours a day you now. How long does this go on? There's GonNa be some questions and boats about The opportunities of members to to lodge objections or And whether or not those repaired or bundled does each side get so a lot of the things that are just going to explain to us how this this happens I think Republicans have a big question in terms of the White House to and what the White House would like to see. Come out of this in terms of a fair process for the house over the White House to present fence. Well and on that point Guess the The peach managers will get to go. First then the question becomes whether or or not the Republicans WanNa hear the president's Defenders or will they try to dismiss the charges Just have a vote right after the The house managers make their case chemists at a possibility. Yeah Yeah and not not to dismiss anything I think. Republicans have already decided sided. That is a bad strategy pressure. Yeah I met my language in precise what I mean is that they would have a vote to acquit or convict. Correct right so most likely what's going to happen here. Is that The House Democrats are going to move forward present their side of the case. And then there's a debate going on right now within the Republican caucus about whether or not at that moment when soon as they rest their case that Republicans simply say all right. You've been able to present all of your evidence let's just vote right now out on whether or not it is compelling enough for a conviction Let's not go down the road of even hearing from the White House Let's let at your case Stanford itself. Let's not go down the road of more witnesses and get this done with and we'll see what the mood of the caucuses after three or four days of very long and boring impeachment and I guess Kyle the argument for for for doing that holding a vote then is is to tell the country look The House didn't make its case to convict Vic We don't I mean they've had their chance here. It is And it's an insufficient case to oust a president so we're GONNA vote to acquit right and The countervailing argument would be that If you're in Mitch. McConnell shoes you want to be shown you want to be seen to be giving this a fair hearing And you want to hear both sides of the argument you want to let the process play out. You don't WanNa be Be perceived as cutting it short and there's a little bit of caucus management on his side to Because there are some Moderate members in the Senate like Susan Collins in Maine who has expressed some Some interest in hearing hearing from witnesses. there's a parallel debate going on about whether Republican should call witnesses and what that what that would look like So part of that. Also as as Kim alludes. Let's do may depend on what the temperature is Once the house impeachment managers finish just a little bit of color before we go to the question by witnesses. The the the senators they're going to have to According to the rules of decorum that were sent out to all the senators by the two leaders offices the senators will have to sit in their chairs ears during the proceedings. He will not be able to stand up while they're in the chamber. They will not be able to look at their electronic devices. They will have to actually pay attention They will. They're also not. Can you imagine how what that's going to be like. I mean the withdrawal pains are GonNa be like a You know a an in alcoholics trying to give up the sauce. It's going to be terrible. And then and then they're not supposed to bring any reading material into the Chamber Chamber That is unrelated to the proceedings. So presumably they can bring in transcripts of testimony and anything else but they can't bring in their homework for on their latest legislation or on anything else they need and this can be particularly painful kyle to the members members of the Senate who are running for President United States and that includes now is still amy Klobuchar Bernie Sanders and Elizabeth Warren. Yeah the timing you for this Michael Bennett I'm sorry I forgot him. The timing of this is really terrible for them because the the Iowa caucus is the beginning of February. Just weeks away And depending on how long this goes on I mean they could be sitting out. Most of these This final stretch here as Joe Biden and Pete Buddha judge Have the run of Iowa. going around shaking shaking hands and kissing every baby in Des Moines And so I mean I don't know that I don't know they've all they've all sort of express that this is their constitutional duty Bernie. Sanders said something like he was talking when he said something like you know frankly between between us. I'd rather be here but I have to be in Washington Washington so I don't know that it'll be enough to move anybody to to to vote to Get this thing over with right away but they will surely probably be thinking that well it could just add to this too by the way another thing is they're offering these these very tight rules about where the press. What presses allowed got in? And it's going to be kept in an oppressed pen on the floor and they have to be escorted in and out as do the senators big new priority on security as well and so. This is a disappointing number especially of those Democrats about who were envisioning this opportunity to dodge out at these proceedings and instantly go in front the cameras and offer their their appraisal. That might be a little bit harder. They're not happy about that. Either versus will be televised. The American public will be able to succeed not just based on C. Span. I assume the cable networks CERTAINLY MSNBC and CNN will also will carry Most of this Along with a with a commentary we we are talking about the impeachment trial in the Senate and we'll get into the Democratic presidential debate as well and you're listening to Potomac Watch from the Wall Street Journal are you a Henry it stands for high earner not rich yet. It means the despite earning.

Senate Kim Kim Adam Schiff White House Jerry Nadler Kyle Potomac Watch house president Wall Street Journal Kyle Yeah Kyle Peterson Iowa Nancy Pelosi Bernie Sanders Kim Hollow Elizabeth Warren House Intelligence Committee McConnell
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

08:34 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"Potomac. Watch the business roundtable that represents <hes> most of america's biggest companies endorses a change change in the statement on the purpose of corporation stressing <hes> service to stakeholders as opposed to shareholders as a core business purpose. What's behind this change and what does it mean politically and of course for corporate shareholders welcome. I'm paul zhigo with the wall street journal l. here with bill mcgurn bill. How are you hi paul and kim strassel. Hello kim hypo so this is an interesting story in many respects <hes> the business roundtable which is now led by jamie dimon of j. p. morgan but represent some of the largest companies in the united states. I should add it's executive director. Somebody you know very well. Bill josh bolten former white house chief of staff under george w bush when jamie dimon came in he pushed out <hes> john angler who had been the previous executive director former governor of michigan and and recruited josh bolten for the for the job and i know from my own reporting that the the c._e._o.'s have been very concerned about the political drift in the united united states regarding corporations and now they've come out with a statement which is striking because the way that the corporate governance has operated for lo these many decades is put <hes> shareholder return a at the at the forefront of concerns of corporate management. That's for the simple start with the simple reason that the owners provide the capital for the company for the managers to be able to operate and into business and they wanted to return on that capital and that is obviously something that gives a very focused a objective target target that is you can measure it financially bill. It's right there. What's your return on equity. What's your return on. Capital is the share price going up are profitable and the assumption going back to the great. <hes> economic economist milton friedman was that this was the best way to serve to serve serve <hes> <hes> to fulfill your purpose and to and and also the common good and now they say well shareholders riding the caboose understatement. It's short statement three hundred words but they put ahead of them valued customers via investing employees dealing fairly unethically with suppliers supporting the communities in which we work and then only then generating long-term value for shareholders. What do you make of this. Well look. We've seen this before. I think what i mostly make of it. It's an attempt to spend other people's money right <hes> <hes> i think some of the the older money shareholder money money that belongs the look i mean we gotta to'real today. Talking about this and how for example g was a very good to the retirees who depended on stocks for their retirement. Look people invest in the market to get a return not to not to spend money on one of jamie diamonds social priorities right and and if that's taken away you're gonna you're gonna have <hes> less investment. You know i i i go back to you. Mentioned milton friedman who's always talked about the obligation to earn prophet is the the main obligation. I think it was samuel bumpers founder the fell to once said the worst crime against working people for company is a failure to make a profit because profits make everything else <hes> work and so forth and actually what i'd like to see from our business. Leaders is a little more defensive <hes> prophets kim <hes>. How do you see the political olitical motives here or is being unfair in <hes> in an intuitive a political motive here because you know the stock cold the stakeholder fr- phrase is a popular one these days elizabeth warren for example running for president to behind joe biden in the polls goals but rising. She has a bill in front of congress <hes> that she would <hes> in our proposal for which would she's making an issue. Issue of campaign would change the charter for america's largest company. She'd have a federal charter instead of a state charter and it would i'd say explicitly that <hes> c._e._o.'s must and directors must focus on share on stakeholders not just shareholders that means <hes> she want employees certain number of employees i think four would be on the board of directors and they'd have to answer to concerns about the community munity which is which she would then define well. Let me first of all state for the record paul that you are never unfair. Okay eh just get that out there. No no <hes> of course this is exactly what is going on you have elizabeth warren and in her bill and every day that she is that on the stump she runs home this message and you have other progressive. Bernie sanders talks a lot about this <hes>. It's becoming a new mantra on the left. <hes> problem with it of course is as with so much of that way of thinking and elizabeth warren's proposal proposal. It's a radical restructuring of the way that we have done stuff in a way that is very intellectually flawed for this reason and that it what what it does is it in essence puts a whole bunch of individual carts before the one horse when you're when you're looking at prophets as the main driver. It's not just so you get metrics but the whole idea. How do you obtain prophets. Well you do it by taking care of all the other things that she calls stakeholders right by necessity city a functioning company that is focused on delivering good returns to wits investors is going to be making sure that it has happy well taken care of employees. He's it's going to make sure it's making good products for consumers. It's gonna make sure that it's treating at suppliers. Barely it's going to be certain that it's not in you know engaged in environmental destruction which is going to give it a bad name out there in the market and potentially undermined its profits and its growth so if you've got this one thing you're focused on it. It gets you to the other end whereas this is a sort of naked attempt to turn companies into vehicles says it were of social change policy agenda things like you know as a higher minimum wage or whatever the agenda is is it. It's a way of refocusing it but it's not necessarily to the benefit of any of the parties involved paul. I think there's a lot of politics in this look if you if you bring it down to mediate levels you know most foreign the poor the country the more than understand this right. They wanna company a foreign company to come invest in their land to make a profit and they know that life gets better for a lot of people if they do that. That's also true in our country in my town right. Now we meant we had a debate the other day about investing in like movie theaters so our town has an old movie theater that they're try that has gone defunct and <hes> it's amazing zing people want to subsidize this kind of tenor that you would think that the best tenant is someone who makes a profit in other words self-sustaining who had jobs to the neighborhood who adds tax revenue to local coffers and so forth. That's the key to a prosperous <hes>. Whether it's a town or a country you to do this. This introduces a lot of and then the question is what are who is gonna select from the socially beneficial thing some how i feel that it would look a lot like the democratic party platform right. There'd be a lot of stuff on climate change and and so forth. I think that money there's money there that would go to prophets better distributed. Let let the owners make the decision to that where to spend their money rather than have a top down committee of company doing we're talking about the changing politics of corporate governance ends or where c._e._o.'s should put their.

jamie dimon elizabeth warren paul zhigo Bill josh bolten milton friedman united states america kim strassel c._e._o. executive director wall street journal Potomac. Bernie sanders congress joe biden michigan george w bush founder
Germany, China And Donald Trump discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:09 min | 1 year ago

Germany, China And Donald Trump discussed on WSJ Opinion: Potomac Watch

"No question there are signs of slower growth out there james jason trend strategic now <hes> estimating one point eight percent <hes> next year same with hyman at <hes> at <hes> his his economic consulting firm there now one point eight for the rest of this year and into <hes> twenty twenty <hes> the election year. That's it's a real comedown from three percent. <hes> that we had reached in kind of the much of two thousand seventeen in two thousand eighteen in the wake of deregulation and tax reform and as i see at the signs are everywhere that trade policy is denting the growth. It's the main contributing factor with with german with germany which is so dependent on exports <hes> showing <hes> contracting in the second quarter chinese growth if it's anywhere if it's really six point the three percent i mean nobody i don't think the chinese believe that <hes> as their economy struggles and the the so you can say that donald trump is doing the right thing with china trying to rebalance trade but the short-term impact economically is hurting yeah. It's <hes> it certainly he <hes> inflicting a big cost on <hes> on the u._s. Economy on the world economy china's growth is slowing. You mentioned germany when china slows down. They're not going to buy hi as many of those <hes> high machining products from germany industrial tools <hes> in the united states. The table was was really set for an economic boom. You mentioned the the tax cut and the deregulation initiative <hes> we have record <hes> levels of job openings. We have a great <hes> labor market. We have people who are making more money becoming more productive great productivity numbers first the second quarter but we have this shadow of the trade war and <hes> companies aren't confident. They're not making investments building building new plants and equipment like you would expect they would right now and like they were last year and two thousand seventeen.

Germany China Donald Trump Hyman United States Three Percent Eight Percent
How has Trump handled his response to the latest mass shootings?

WSJ Opinion: Potomac Watch

10:48 min | 1 year ago

How has Trump handled his response to the latest mass shootings?

"Horrific mass shootings over the weekend and el paso texas and dayton ohio shakeup american politics takes how much will really change as a result in either the law or the american political debate welcome paul zhigo with the wall street journal and i am here here again with kim strassel. Oh kim hi paul and the esteemed bill mcgurn. How are you bill. No common motivation <hes> <hes> we don't know the motive yet of the dayton ohio killer a young man who managed to kill nine and his sister <hes> el paso <hes> the motive seems seems to be <hes> somewhat <hes> anti immigration anti hispanic anti-corporate <hes> and <hes> <hes> some people are saying white supremacists. There's no question he was the killer is <hes> anti-immigration but <hes> both disturbed deeply disturbed curbed young men <hes> and <hes> immediately though this being america circa two thousand nineteen the the episodes devolved into a discussion about <unk> out <hes> who's to blame which <hes> which politicians whose hate speech <hes> much of the debate focused on on donald trump <hes> and and <hes> and of course immediately debate into gun control and <hes> other things <hes> bill a how do you think the president. I handled this in his remarks on on monday. Well i think two things one i thought he handled it reasonably well in his remarks but i think it doesn't matter <hes> in the sense of how they're going to be greeted i mean don't you think it's important that the united states would dissociate himself so forcefully and clearly yes i do but i also think he has. I think it's unfair. Do you think the president is a white supremacist i don't so who do you think you should disassociate yourself from white supremacy because i think i think this is toys debate. Hold it to second bill i do. I think we should have so dissociate the m._o. Editorial page now yes i do. We're not accused of it. We're not sure look. There's a political purpose to doing all this and i think this contributes to frankly. I'd say the larger contribution you should is if we talk about identity politics and assumed people to the country is built on white national night. You're gonna encourage <hes> crazy the young men to think that way so i think it's important i agree with you in the sense. I think it's important for trump to say the right thing but i don't think frankly. There's anything that he's going to say day. That's not going to be twisted. I mean elizabeth. Warren is tweeting out that fox. News is machine fair fair point bill. I mean th there's the the there's some critics you're you're not going to placate but a lot of them a lot okay yeah but i would say a forty five of fair enough but that's not the the audience the that trump necessarily needs to speak to he needs to speak clearly to the vast american public thing who want to believe that at their country is not going to hell and that there's not a race war going on and they wanna know what what how what kind of president because he is approach the president any president has an outside role to play in american political debate so is he going to be a calming force or not well. I would just go if that's true. Much of this rhetoric is coming from democrats who want to be president. I would just like to see people will help the same standard and to me. I don't think it's even close. I think the journal we had a great editorial today saying don't blame elizabeth warren. If this crazy guy turns out we did not blame the dayton fell. A left-winger left-winger describes himself as left and we also. I don't think we were blaming bernie sanders. When one of his supporters shots legalese we certainly did not but that we do not see that kind of responsible behaviour on on the other side. I think this i think this is derangement. That's why i'm saying. I think the president has to say these things. I'm not sure it matters in the sense that it's going to get a good reception. You're driving. We'll know today later when he goes down to visit right what you know how he's going to visit el paso today or tomorrow wednesday so kim <hes> <hes> you want to mediate this. I'm just enjoying this. You don't need to bring me in well. Well look. I mean i think the great tragedy of this whole discussion. <hes> that we're even having right now is that it's taking focus off what we are slowly slowly. Groping our way to understanding is the real problem here which is very troubled young men <hes> and the the issue here is that i mean somehow our culture has changed. It was remarkable speaking to a friend of mine who's been older. I am <hes> but it was remembering that when he was growing run up <hes> you know he grew up in rural pennsylvania they used to go to high school and they'd have their hunting rifles in their trucks to go out after school they would be unlocked talked to nobody would have dreamed of going out to get a gun and bringing it into a school and shooting up a people so it's not that there were significantly can't leave fewer guns back then something about our culture is changed and there's a a copycat element. This social media plays a role probably violence in in our culture plays a role. A lot of things are playing a role <hes> and what we're beginning to understand is that in that rests some of the solutions solutions if there are any to try to prevent some of this in the future and it's why the debates about sort of racism and white nationalism or the debates about gun control are beginning to sound very tired especially in the face of the reality of the very big problem we have of a generation of younger ran who feel isolated from society and unfortunately have the means to go out and cause great carnage well. I happen to agree three with all of those points kim but i think that our our our friends in the left would say aha here the right wing now talking of the conservatives are now going to root it causes <hes> and <hes> because they don't they're repairing to root causes of this because they're big causes and big problems albums. Take a long time to solve and you don't wanna do anything now about the immediate issues at stake which we want to do something about like gun control or laws on on this or that or going after the white supremacists that's what they would say. How much of that is because. I'm not whoa my view of this. The root causes point is not that it's a counsel of despair and to do nothing now but that it is happens to be beat be true that there is particularly for young men nation that has taken place that causes people to to want to kill their fellow human beings by the way yeah exactly and that's completely bogus their argument. Look we have a choice here. We can move forward and attempt to address the people who are doing the slain attempt to find them isolate them. Give them help or we can try to tackle uselessly <hes> as we know from all the statistics the close to four hundred million firearms that are in civilian possession in the united states now which of those seems like a more reasonable approach. I can tell you which one i think is gonna work. Better and there are immediate ways that you can address. This privacy laws us <hes> congress has an enormous job to go out and deal with hip and for these are privacy laws that make very difficult at times for health professionals this college administrators high school administrators to share information of troubled teenagers and souls with with their parents <hes> with others in the community with law enforcement they need to dealing with that. We're now having a useful discussion out there about red flag laws which are designed to highlight some of these troubled individuals and make sure that we limit their ability to get to a firearm. I still have some issues with the due process of many of those laws but they're at least looking in the right direction these days rather than more waiting periods are background checks which are are not going to help because as we know most of these killers those were they managed to get get a hold of these guns. Legally the red flag laws refers to <hes> the ability of some. I think it's a dozen states. Maybe fourteen states have laws which whittle allow police departments law enforcement or family members to be able to petition a court and say that <hes> john is <hes> is danger we think to his family himself or his community and we would <hes> petition the court to take away his gun now that usually most of these laws the person has a chance to make his own case against that but <hes> as you say there are some due process issues but i as a matter of principle bill. I actually support this. <hes> this kind of law i think in may need to go even further in the sense of not just <hes> making it difficult or for for this person or someone in his or her family to have a gun in the house but <hes> i you know i think we we need to revisit force commitment into institutions amount to help it. Look there's bigger problems with a lot of these kids. Fatherless homes president obama used to talk about that and people people assume it's the black community and that's not true we see a lot of these troubled youth <hes> kind of estranged from their dads and i think the american people would be for anything that they thought would work but a lot of these policy things are as kim sorta sadder just thrown out and no one really believes they'll work. Mark and of course politicians also want the easy soft quick solution. We've passed long. We fixed it and this this is obviously going to require a a multiplicity of efforts along mental health the law and so forth to try to identify these people and we have to be realistic. Even if we have a system in place we're not going to identify everyone right so it's going to be off the grid and get through were talking about the fallout from the mass shootings on the weekend and you're listening to potomac watch from the wall street journal

President Trump Kim Strassel Elizabeth Warren Wall Street Journal United States Dayton Donald Trump Paul Zhigo El Paso Texas Ohio America Bernie Sanders El Paso Congress Barack Obama Whittle Mark Pennsylvania
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

12:42 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"This is Potomac watch Joe Biden unveils his climate change policy with the goal of eliminating fossil fuels by twenty fifty. What are the details in the plan? And is this a political winner for the former vice president, plus Republican senators push back against Donald Trump's Mexico tariffs? What's behind this incipient revolt in the Republican Senate, and could it stop the terrorists, welcome. I'm Paul zhigo with the Wall Street Journal and here to talk about these and other matters with our my colleagues cow Peterson. Hello. Kyle. Hello. Hello, and Kim, Strauss. Aw, kim. Hi, paul. So let's first talk about Joe Biden and his climate change plans. Joe Joe Biden rolling out slowly. Some of his policy agenda, Z rolled out an education plan a couple of weeks ago and now climate change climate change being preoccupation of the. Public of the democratic rank and file these days was with worn also rolling out her plan bed or Rourke before that Jay Inslee that governor of. Of Washington state. Is it? Yeah. Washington state is is running basically, on that issue alone climate change. What do we make Kyle of Joe Biden's plan? Well, one thing that I think it shows that he is worried about his leftward flank so a month ago, an advisor to his campaign was quoted by Reuters saying that Biden was going to work toward the middle ground. She said, what we learned from new. Bob in administration is unless we find middle ground on these issues we risk, not having any policies, you know, if you have a divided congress, you have to get something through, and there was a lot of fury when that was quoted and it comes when he rolled that's out yesterday. You know, come to find out that he is not really aiming for the middle ground. So just to look at some of the do you think this is a left leaning plan? I think it is. Yeah, I mean, not quite as far as Jay Inslee. But if you look at the headline number. So Jay Inslee wants to spend three trillion indirect federal money. Betto aerobic wants to spend one point five trillion Joe Biden wants to spend one point seven trillion dollars. The plan explicitly doesn't quite endorse, but it says that the green new deal is a crucial framework for meeting the climate change challenges. We face. That's a Kazuyo Cortez's Alexandria Makasiar tests plan for limiting fossil fuels within ten years. Right. And the activists on the left are taking this. I mean, they say this doesn't quite go far enough, but they're taking it as a modest victory. So the leader the sunrise movement. One of these green groups said the pressure worked we forced them to backtrack. Today. He put out a comprehensive climate plan. So they are they are taking this as a modest step forward. And if he's if Biden is, is pitching himself toward blue collar workers labor unions. I'm not sure this is quite the way to go. Well, so the conclusion here is that Biden is moving left. He's moving laughed on climate. He moved. Left on education previously, because he came out with some skepticism about charter schools, though. President Barack Obama had had been enthusiastic supporter of charter schools. Now, he's, I guess, more of plans on climate change than Barack Obama ever endorsed when he was president. Of course. President Obama was President Kim. When we had the shale fracking, boom, that has made natural gas now the new preeminent fuel for electric in the United States and is now becoming increasingly a big source of American exports. And the, the if he's really true that Joe Biden would want to say in thirty years, we're going to have to do away with fossil fuels that means no more fracking means no more oil drilling. It means an awful lot of. Fewer jobs. Yeah. And look, Joe Biden is making very clear here that he is going to exceed Obama's record and back. There's a, a line in the, the new plan. He release. It says that on day one, he will issue executive orders that will go well beyond the Obama Biden record and he also on the fossil fuel point, Paul had a nother provision in the plan, which I think, is a little scary, suggesting that he would take actions against fossil fuel companies that he felt misled the public or did anything to harm public health, etc. Suggesting raising the prospect that his department of Justice would potentially take actions against some of these climate companies. We've I mean carbon companies and we've seen this happening. Obviously state attorney generals out there suing Exxon and other suggesting they misled the public over climate change. Now, I do think, though, that there is this, very tough position news in that. Kyle noted about how you do that. And also cater to these blue collar communities, that supposedly Biden was going to be all about in this election. And he's got a line in the report, which is so bland is to be almost laughable, but he makes a promise not to, quote, not to leave any workers or communities behind and quote. Have you ever seen a politician say, yeah, I'm gonna leave those workers behind, I guess Hillary Clinton did that in West Virginia in two thousand sixteen on the, on the coal, but right? See where that got her and so- Biden is going to attempt to not be, but there is no way look, if you're suggesting you're going to transition to a net zero emissions economy by twenty fifty the only way you do that is to dramatically crackdown on fossil fuel industries, which means the loss of tens of thousands of jobs, and the devastation of certain communities. And at some point he's going to have to reckon with that reality in one. Way that he's trying to deal with that is. I mean remember this is a campaign document. Nobody's thinking about trying to pass this legislation. So it can be everything to anybody. So he has a line in there about how it's very important to protect the retirement benefits owed to minors, as if that is related to a green energy climate change agenda, really just add some, some more of the details. So I it's talking about net zero emissions by twenty fifty there's no explanation of how to get there just a vague reference to an enforcement mechanism. He talks about a one hundred percent new sales for light and medium vehicles will be electrified. I think that means everybody's getting electric car. That's how I read that. He's talking about a four hundred billion dollar investment in a green energy, Apollo project. And then he's talking about again, a little bit of everything. There's there's some train stuff in there. There's we want five hundred thousand new electric car charging stations by twenty thirty. I mean promises that you can make when you're running in campaign. Because you don't have to think about how to how to try to implement them. Well, on, on the on the point about an enforcement mechanism I gathered by twenty twenty five. He is saying that we will pass some kind of a carbon tax or put a price on carbon by a cap cap, and trade or something like that. Now, there is the rub because it's one thing to say I want to know fossil fuel future. I wanna world basically powered by wind and solar. And it's a it's a wonderful utopian exercise. But when the rub comes politically, when you try to enforce that and make that happen, and what we've seen politically a crown around the world most recently in the Australian election when it act a party, actually decides to say it knowledge, this is what this will cost in. Whether it's a tax or whether it's a foregone jobs or whether it's some kind of, of super penalty on the use of carbon. What happens is the voters say, well, maybe not. And I think we saw that here in the United States Kim, where you'll remember twenty ten Republic Democrats had fifty nine Senate seats and they had control over the house, and the White House. And they couldn't even get a vote on cap and trade because they didn't have the votes in the Senate to do it. Well that history is really worth recounting, because remember when Obama came to office, this was one of his core promises he only had a handful of them. But one of them was to do something comprehensive about climate change, and they did get a boat in the house house. Democrats were in control, and they managed to force through against the it was opposed by many in their own party. And in terms of bringing it to the floor. They did not want to have to take that vote. And those those the reluctant were correct, and not wanting to go there, because there's a big belief that the part of the, the democratic loss in two thousand ten in the midterms was as a result of their passing this legislation at the Senate was always too fearful to ever, bring it up the few times, it's ever come up in the Senate. It's never managed to muster more than a couple dozen votes. And you know, other thing that notable about the Obama administration time is that when Obama finally did decide to do his climate change pan plan through his pen in his pad, meaning through executive action, rather than through the congress, he waited until his last four years, when there could be no, you can or electoral consequence for him, personally for doing it, but this is how it's always been done in the United States by liberals, who want to impose this is by attempting to take over regulatory agencies because there's no political will to pass legislation. And President Obama had the, the line that we're going to create hundreds of thousands of. Of green jobs, new jobs. Well, the great irony of his presidency was said, he created was created hundreds of thousands of new puzzle fueled jobs through the fact, fracking revolution the natural gas revolution. Which has exploded continued to, to, to grow, where now you have the US's being the world's greatest producer of oil or very close to it here in expected to be in the next couple of years. And I guess, the, the really interesting question will be. I it this policy on climate change. Is now a prerequisite to running for the democratic nomination or seems to be, and so you're going to see every single candidate come out with something that's very aggressive by any historical measure. But then what happens when they get whoever wins starts to put that before the voters, and presumably Donald Trump, if he's still going to be running for reelection will be able to we'll say, here's the cost, here's what it cost. You, you go down to the Permian basin. And say, yeah. This, these jobs are going away, go into western Pennsylvania. The Marcellus shale and say these jobs are going away. And that's that's where you'll get the, the real contest in, in twenty twenty and that's I mean, you may see Joe Biden, if he becomes the nominee do a little bit of triangulation, after he locked up the novel. Nation moving a little bit to the right. But I, I will say something in something good about this plan..

Joe Joe Biden Barack Obama President Kim Kyle United States Jay Inslee Donald Trump Senate president Republican Senate Paul zhigo vice president congress department of Justice Wall Street Journal Mexico Kazuyo Cortez
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

08:44 min | 1 year ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"You might know ADP as the biggest name payroll, but that's just the beginning. Because ADP is transforming the way great work gets done with HR talent time benefits and payroll informed by data and designed for people. That's ADP always designing for people. From the opinion pages of the Wall Street Journal. This is Potomac watch the US trying to trade battle escalates with tit for tat tariffs and the threat of more tariffs potentially to come and volatile financial markets in their wake what's at stake for the US economy and American politics in this China trade battle and more broadly the future of the relationship between the world's two largest economies. Welcome on Paul's you, go here on Potomac watch with the Kim strassel. Are you Kim? And and Bill mcgurn. Hi, bill. So the let's start out talking about the breakdown in talks last week. There was deal that had been almost done ninety five percent done by some accounts. Suddenly administration is claiming that the Chinese have reneged on some. Their previous commitments specific commitments to change their laws to deal with intellectual property to change their laws dealing with tech transfer state subsidies and things China, call me back and say just too onerous too much to specific and we need to have a more balanced deal in the United States saying no we need. These specific commitments Kim Asiseh a breakdown of talks or we just in in the storm before the calm. I think it's a cooling off period that at least seems to be what both sides are presenting. It was a bit of a surprise to the Trump administration when the Chinese came. They thought they had most of the deal done not all but about ninety percent. Suddenly Chinese came back and said, no, we can't do this. And this and this and Trump's response was to escalate notably. I think. I think this is important the Chinese waited several days before they announced their own countermeasures, which they did on. Onto a Monday win. They announced tariffs on about five thousand US products. But it sounds as though both sides of trying to go back think about how they restart this in particular, the Chinese said they needed a a deal that allows them to come out of this with some dignity, which suggests every worried about a saving face or getting internal pressure, obviously from some of their hardliners, but it sounds so they're still talking and in the US. The next move is for the US representatives to go over there. Part of the problem. Here Bill is that this kind of a deal is never going to be imbalanced fundamentally in in the sense that China has been selling us a lot more goods for years than we've been selling them. And but not that that is a definitive that really all that. That matters. All that much. Would matters more is the the theft of US property and? Their predatory trade behavior. And what this deal is designed to do is to get them to stop, right? Look, I think all of us, including the most free traders, we don't deny that China cheats, and subsidizes where it shouldn't that they're court system for Judy getting these things is not always fair to foreign interests and so forth. The question is how you do this without calming yourself. Right. That's the real question. Can you get can you force China into improving its behavior without putting such a heavy price tag on yourself? And I'm I'm skeptical. If if the tariffs if if we do get a reasonable deal, I thought the journal editorial had it, right? Get a reasonable deal. See what they do. But take the tariffs off because one they're not. They're not good for us. And it'd be resented in China, right? The China's very sensitive about western powers, right? Telling them what to do take off the tariffs. And you could always put him back. If they if they beat again. That's the that's a deal that I see as as the right one in the sense that you if you're if you're going to have China say the state council shell do show pass the fouling law by say, June thirty or September thirty the state council shall pass the following law on tech transfer by this date, if you're going to be that explicit, and I think you probably have to be in order to get China to to honor the terms, you can't have just general promises. I think we've learned that. But you have to then ask what does China get out of it and the obvious answer should be. Well, they get the relief from tariffs that Trump is imposed, and that's rakes me Kim as the as the potential deal, but Trump wants to keep the tariffs on and he wants China, according to my sources to be able to earn their way out of the tariffs. And I'm not so sure. That that doesn't is is is really going to help Xi Jinping in China make this happen because it might even make them look weak to the people that he has to go back and and implement this any agreement, and I think the perception of of China, and she has she has this all powerful person is wrong. He has to deal with competing factions in China as well. And there are reformers like the negotiator Leah. And then there are the the the forces of of the status quo who don't wanna make any change. Well, and it's clear I think if you step back, that's what's going on here. Now, none of us really know the internal workings of China. But it seems very clear that Leila came back with this deal and hardliners in their version of the it bureau said no, you do not, you know, we're not going. To pass this law. We're not going to do this. This is not a not for us. And and yes, they have a say in what happens there? And so I think you're right that this is the huge sticking point. Really? It's this question at the moment of the Trump administration having a tariff mentality that is completely opposite to what is necessary to get a deal done. Now. In fairness, I would point out. There are a lot of people that believe that by keeping the tariffs on and having the Chinese earn their way out of them. It's the only way to enforce have a truly functional enforcement mechanism to get them to comply with the terms of the deal. But I think it's I understand that point. But I think that in the end, you're right. The one thing that you can dangle out given how much the US is asking China to do in return. The one thing you hold out is that and that might be where the US needs to get well, but on the enforcement point, you can always reimpose them. Right. I mean if. If they're deemed my understanding of the the draft accord that has been agreed to so far it includes a mechanism by which if an American company feels aggrieved by China policy, they can then this will be taken up in regular meetings between the US and China and every six months in at the level of Robert lighthizer, the US trade rep and Leo the senior Chinese negotiator, and in if they can't agree to settle it or or or or find some resolution to the dispute, then the US would have the ability to impose tariffs. You could definitely have that. I think that the worry. And again, I'm still with you that I think this is the way this has got to go. But I think the worry inside is that you then create a situation in which you haven't settled anything in that you risk going back and forth again with you know, threats of tariffs etcetera. We're talking about China and US trade disputes. And were you're listening Potomac watch from the Wall Street, you might know ADP is the biggest name in payroll, but that's just the beginning. Because ADP is transforming the way great work. It's done with HR talent time benefits and payroll informed by data and designed for people. That's ADP always designing for people turn.

China United States ADP Bill mcgurn Trump Wall Street Journal Kim Kim strassel Potomac Kim Asiseh Paul Leah theft Leila Judy Robert lighthizer Leo
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

11:51 min | 2 years ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"Technology today has never been smarter. But smart only matters when you put it to good use together, we can build a smarter future for all of us. Let's put smart to work. Find out how at IBM dot com slash smart. From the opinion pages of the Wall Street Journal. This is Potomac watch. The American economy puts in another strong performance a pipe stroke. Pipebombs suspect is arrested and the White House may close the border at the with Mexico to stop the migrant the migrant caravan heading north welcome. I'm Paul zhigo here with my colleagues, Dan Henninger, Paul and Kim strassel Hake him. Hey, paul. So let's start with the economy. We got the third quarter GDP report growth at three and a half percent very healthy after four point two percent in the second quarter. So all the signals that the economy is still strong backed up by by that data couple of disappointments in inside some of the data figures, though, the consumer was very strong, and I think it reflects consumer confidence. That is buoyant with a tight job market and rising wages consumer chipped in big chunk of the growth, the disappoint MOS business investment, which was essentially flat in the in the in the quarter reflecting some declines in residential investment. But also in in in business and talked to Kevin Hassett of the White House chief economic to the chief economist at the White House, and he said, they're kind of scratching their heads about these figures. Dan, you heard my interview with them today? He's you know, kinda wondering what what happened. Yeah. Yes. Because as he said there were a for instance, he said the the data on orders and plan shipments is very strong. He said he's orders have been made presumably the ship vents are going to happen eventually, and they just can't quite figure out on the. Vestment figure came in so low he said he's probably going to be looking for the revision that comes later on on this quarter. But, you know, Paul it's it's kind of refreshing in a way era sort of convection a little bit that only at three point five percent big difference from the Obama years when democratic communists were arguing that two percent growth at best was the new normal arguing that maybe this is something we had to get used to. Well, we remember what that was like back, then there were relatively high levels of unemployment a lot of people stopped looking for work. Job creation was way down all that has reversed here in the last eighteen months or so and the the challenge I think for the future is going to tribute indeed keep incentivizing the economy keep it going. And the question ahead of us is just what can we identify? As areas that of concern to try to keep breath over three percent. The good news is that the economy continues to have gone above. What is risen to about a three percent growth? Playing three percent of GDP a year Cam. After almost falling in recession in twenty in the last two quarters of twenty fifteen and all of 2016, if you look at the historical data growth was really lousy in. Both of those years hitting one point six percent only twenty sixteen and in those six quarters and now it's been bounced up and if we continue with this trend, we'll hit the first three percent growth year calendar year since two thousand five and you look at some of those individual quarters. You know, we had a four point two percent growth rate in the second quarter. And that is all compared to. To what was as you mentioned mostly at about a two percent average at prevailed for pretty much all of the expansion. And there can't be any question here that this is a result of tax cuts, which have in fact, spurred a lot of business investment as has it noted in that interview, he did with you. We did see a big flurry of business investment earlier in the year. And sometimes as business investment figures can be pretty little from quarter to quarter. So we don't know exactly where that will go yet. But but it's tax cuts and deregulation. And I would argue we'd probably be seeing an even bigger number out there, and we wouldn't maybe necessarily be seeing these for a sound more disturbing business investment figures if it weren't for the ongoing trade war with China, which is leading to a lot of uncertainty and in specific sectors is really hitting businesses. Both on the way in the way out the journal had a story today about the record. Boat industry, for instance, which has been hit with enormous retaliatory tariffs by China, which is a place where they do a lot of business, but they're also facing much higher costs on that component stay import from China as well too. So those are the sort of things that do discourage businesses from investing in growth, you the fed the the Commerce Department reported that exports detracted about a half a point from GDP and the tariffs are clearly part of that story also low we have bad housing numbers and automobile purchases of both of those interest rate sensitive parts of the economy, and of course, with rates rising mortgage rates rising auto loan rates rising. I think that's but that's dampening some growth in in in in those areas. And I think that's all of that is is worth watching. You know, our president Dan thinks that tariffs are nothing. But good news. Can't lose a trade war. No cost. I think we're seeing in these numbers that are costs. Well, you know earlier in the week, President Trump spoke about the tariffs and what he asserted is. Look might tariffs are just mainly negotiating instrument negotiating tool negotiating weapon. And we're trying to see our way forward to resolution of these standoffs we have. But, you know, the the journal also reported this week that the trade negotiations would China, which we've imposed two hundred and fifty billion dollars of tariff day are dead in the water. They're going nowhere at the moment. So that that kind of sends a bad message out to the real economy that there may have to live with the standoff with China for some time. China's growth is slowing the we the world have a big economic relationship with them. They're crucial part of the international supply, the global supply chain. None of us really denies that. There are problems with the China not playing by the global trading roles. But nonetheless, using this tool of the tariffs as a kind of indefinite anvil over the head of the global trading system is got to cause a lot of people in business say, whoa, wait. There are certain investments that maybe I've got a hold off on right now. Because I just don't know which way this is going for like, the next six months nine months, and if I were sitting Kim and the Federal Reserve Federal Open Market committee room when they next meet I don't in particular in December when they have signaled they will next raise rates, I think I would look very closely at the data before I decided to raise rates again. I don't I think that there are some signals here in dollar strength in the in the weakness in a Cup some of these interests sensitive parts of the economy and in strains. In some of the financial services financial parts of the economy that suggests that maybe the. Raising interest rates again is not such a good idea. Give it a pause and see if there if growth if growth can can resume faster in some of these areas. Yeah, I mean, I know that Jerome Powell and the fed they've been very concerned about overheating in the economy and that is a fair concern. But I think that you're right that you instead of they have signal not only that they would be likely to raise rates in December. But throughout much of twenty nineteen to and it probably would be a good moment for them to in. Instead signal that they're going to pause and take a hard close. Look that might be something that could also be a reassurance not just to business and investors, but to the stock market, which is obviously having a very volatile couple of weeks, which is a lot to do with worries about corporate revenue slowing down or whether or not some slowdowns we've seen in China and Europe could spill over into the US economy. Obviously to people are keeping a close eye on the fed. And what that might mean in. It's all are also having an effect. The impact of this report on the the election. Probably the report itself, not that important more important as the feeling in the public about how they feel about the economy and growth in their own financial and economic futures and on that front the WSJ Wall Street Journal NBC poll from this week showed that the Republicans have an advantage of fifteen points over Democrats and how well they would handle the economy. That's almost I think that's a record for that survey, and it shows that despite the difficulties politically that Republicans are having in this election. If you look at the head to head opinion polls, it looks like the Republicans are if they're going to salvage their majorities in congress one big reason, Dan will be the the the. The economy. Yeah, that's right and add to that effect. We haven't mentioned the tremendous volatility in the stock market this week in the swings past three as been just extrordinary. I think what you're describing is probably going to help the Republicans in the Senate races. And even some of those close races and might turn say, Missouri, Indiana in the Republicans direction, but and the governorships those are pay state based elections by enlarge, but the house races that a lot of the Republicans are probably gonna lose. You know, a lot of that stuff is driven by drumming democratic enthusiasm turn out in some ways. Those house races disa- disengage themselves from say the stadia Konami as just sort of based on tremendous levels of partisanship. And which would the two parties are spending millions of millions of dollars. Dollars to win. So I think that to some extent probably explains the the split between the probable outcomes in the Senate and the house. All right. We're talking about the we're going to talk next about the pipe bomb suspect arrested in Florida as well as the politics of the migrant caravan. You're listening to Potomac watch from the Wall Street Journal.

China Dan Henninger Wall Street Journal Paul zhigo White House Kim strassel Hake IBM Potomac Kevin Hassett Senate Konami Mexico Obama Commerce Department Cam President Trump congress
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

04:50 min | 2 years ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"From the opinion pages of the Wall Street Journal. This is Potomac watch. Economy grew by four point, one percent in the second quarter of twenty eighteen and has now grown by three point, one percent across the first six months. That's the fastest growth in fast quarter of growth in four years since twenty fourteen and the Donald Trump naturally president states took credit for tried to take credit for it. Does he deserve it here? I'm Paul zhigo of the Wall Street Journal here. Talk about that in the political impact of this GDP number and whether it's a stain -able is Bill mcgurn Hulo Bill Hypo, and James Freeman, I James ball. So let's start with the GDP number. About coming in a little under economists expectations. People had said four point, four percent, the Saint Louis, the skinny. The Atlanta Fed's g GDP tracker had predicted three point eight, but anyway, slice at James four point. One is gangbusters number. Yes, yes. The economy is growing bigly. Certainly in the second quarter, and I think the president deserves a lot of credit. I think he should take a victory lap. This is the power of incentives at work here, the tax cutting and particularly to the corporate income tax rate and restraint on federal regulators has really changed the way business people look at investing in the United States. And if you look at the numbers Bill, it's really kind of interesting. You look at the economic expansion started this current one in the middle of two thousand nine when the post financial panic recession ended and it's been long in the tooth. And if you look at what happened, twenty fourteen was the last really was Obama's best year for growth, and you look at twenty fifteen and twenty sixteen. We were really bumping along almost under two percent, very low bid. Business investment in particular averaging zero point, six percent over two thousand five and twenty fifteen and twenty sixteen. Now you see twenty seventeen that number bumping up and and business investment. Now averaging seven and a half percent increase for the first six months of of this year. So that's the evidence I think that in fact, would James suggests tax reform and deregulation which were aimed precisely at stimulating business confidence and business investment has worked. That's evidence that it has worked. I I, I don't think there's any. I don't think there's any doubt of that because it's reduced the price of capital and you get more I mean through pretty straightforward cause and effect right in so far as they go that that we've had to count myself say, I was wondering ones disappointed because my expectations had been raised that I thought we might have something closer to five percent, but I would rather have the disappoint. I have today than the ones I had two years ago or three years ago. Well, in the numbers suggest grow the in not everything was rosy here. James, you had residential housing actually detracted from kroth, which is stunning to get the four point, one percent number and nothing from housing. That's that's really rare in a way. I think that is encouraging because it shows you the the strength of the productive economy and it's shows you how far we've come where we had a financial crisis, ten years ago that resulted in large part from kind of an unreal economy where we tried to conjure prosperity at of ever rising housing prices. And I think a lot of people began to believe during that period and the two thousands. When we had these rock bottom interest rates and all of these federal programs intended to drive people into housing that that's the source of wealth. Building more homes is how you get rich. And of course, really. A healthy society that's a symptom of a productive economy. It's not the cause of it. So I, there's so much to like in this report you look at. Actually, another thing that's attracted was inventories going down. Those are shelves that are going to need to be restocked in the second half of the year. So people thinking or saying, now this is great, but it's about to get much worse. I think they're going to be proven wrong inventories, took a full percentage point off of the GDP growth. So if you had a normal inventory number would have been five point, one percent, right?.

James Wall Street Journal Donald Trump president Bill Hypo Potomac Obama United States Paul zhigo Atlanta Saint Louis James ball James Freeman one percent six months five percent four percent
Southwest’s Profit Falls on Weaker Bookings

Total Information AM

05:10 min | 2 years ago

Southwest’s Profit Falls on Weaker Bookings

"So much so it takes second place now and that measure as both AT and t. and sprint lost ground AT and t. does remain in second place behind Verizon for. Overall, performance now, Southwest Airlines which counts Saint Louis is a major market is reporting weaker than expected revenue for the. Latest quarter even as earnings were better. Than, forecast now the carrier says it expects bookings and fares to rebound this, current quarter following a fatal engine accident back in April. Dunkin brands the company behind Baskin Robbins as well as the doughnut, chain, posted, quarterly profits Topped Wall Street forecasts as Dunkin donuts comparable store sales rose one point four. Percent even as Baskin Robbins saw decline four tenths with. Your money report I'm Steve Potisk with Bloomberg business on NewsRadio eleven twenty cammo KOMO news time seven twenty time for traffic and weather together we bring it to you every ten, minutes here on total information AM Marie Akina, standing, by here's Roger Brandon the steeple traffic. Center about. This delay westbound. Highway seventy coming out of the city from almost king's highway. Out through. Toward Luke's in, Honda, one of our kmarts commuters. Call and said no it's, not a stall or an accident it's roadwork now their bid they have been working. For over a month on the ramp at looks KMart commuters says well there's a river going on they. Actually have, cones out so maybe some additional restrictions there on westbound seventy before you get to loosen Han that's why we have that jam. In the area the facts up, into the city to seventy, both ways of course in the work zone north of the you have heavy traffic southbound the heaviest. Delays there and it's backed up? To highway seventy, if you're on eastbound sixty four that still doesn't look bad but. Just a little heavy out. In the area. Coming in from one fell through prospect right now, what about, the other. Drives Maria, four northbound, fifty five volume Gascony to gravelly impasse Potomac watch out for a. Stall it's on the right shoulder westbound forty four it's volume From fifty five grand eastbound forty four year building east of bury. Tillich late. Station and then. Hampton to, kings. Highway northbound seventy problems it's just volume from tests on fairy up to your Manchester a little bit heavier as you start to hit Dougherty, ferry and crews cruiser working with that accident, southbound, fifty seven near mount our of how. About on. Your watch Roger. Downtown we have an incident on westbound sixty four just past. The split. The right hand, lanes, as you approach treat bridge. All lanes are jammed through, that area but obviously there's some blockage of their looks like westbound sixty four also. Has heavy traffic from twenty-fifth street headed up to the seventy split but it looks great across a mutual. Veterans bridge, McKinley bridge still backed up to the side next update at seven thirty from the steeple traffic center we have some amazing weather. In store for us for late, July we do have rain, in the forecast but we do need the precipitation the temperatures are in the eighties in fact today. A high of eighty six? With? More humidity than, we've seen the last few days in a chance of a shower. Thunderstorm in spots this afternoon. But again, eighty. Six degrees Today sixty five. Overnight mostly, sunny eighty four tomorrow Saturday Sunday and Monday we have chances of showers and thunderstorms but eighty four Saturday eighty Sunday seventy nine degrees on Monday it's. Seventy out, there right now The news. Continues at seven twenty three two. Man accused of kicking a woman at a north Saint Louis gas station Tuesday now face. Misdemeanor charges sock med con deal and jihad Motani each face forced. Degree assault charges the two were caught on video having. An argument with the woman Kelly Adams outside the gas mart on del mar Goodfellow she was eventually knocked down and kicked multiple times with the video didn't capture would lead. To the incident late last night a large crowd, gathered at the Saint Louis gas mart station causing a disturbance which included breaking out the front, door and stealing gas station had to shut down so far Saint Louis police. Have not released any other information a sense that hill senior housing, community as being, sued by the. National Center for lesbian Rights, Mary, Walsh and Bev. Nance are married after having been together, for four decades they tried to move into friendship village but. Were denied the lawsuit claims French Village violated the fair housing act and Missouri's human Rights Act? By discriminating. Against the two women. Because they are a same, sex married, couple the couple's attorneys say friendship village told the couple they can't accept them because of the biblical definition of, marriage is between a man and a woman, a study, authorized by. County executive Steve Stenger upon taking. Office in two thousand fifteen found the need for somebody to oversee the process of hiring. Women and minority owned construction firms for county contracts as of last, week Jack Thomas junior became the first person to hold. The newly created office of chief diversity for the county he recently spoke with came Marx's Brett bloom Thomas is a Saint Louis native returning to his hometown to take this. Position I've lived in Jackson Mississippi for the last, nine years worked at the airport down there managing their disadvantaged business enterprises program bows actually commuting, from my family remained here in Saint Louis would you say that was good. Training for this job that you have, now it was it was, good training He had extensive. Training in that sense, before, leaving Jackson I was at the airport here in Saint Louis.

Saint Louis Baskin Robbins Roger Brandon Saint Louis Gas Mart Dunkin Donuts AT Southwest Airlines Komo Verizon Mckinley Bridge Steve Potisk Jack Thomas Steve Stenger Jackson Mississippi Marie Akina Honda Kmart Manchester
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

20:06 min | 3 years ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

02:25 min | 3 years ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"How can ex reform happened in the united states congress and you're listening to potomac watch from the wall street journal you've heard it a million times location location location well that's because locations important and if the reason this ad targeted at eu is located before podcast about the history of ice dancing if you own a business you know the importance of location which is why you need a realtor a member of the national association of realtors are real estate expert who can help you find the perfect location to grow so get what your business needs get realtor the future of everything from the wall street journal all new episodes on apple podcast spotify tune in google play music iheartradio stitcher and npr one the wall street journal listen ambitiously from the opinion pages of the wall street journal this is the tome and watch welcome back i'm polls you go here with fa kate bachelor and they're kim strauss so we're talking about how tax reform happened though the biggest success so far legislatively for the trump presidency and the republican congress and i wanna make another i think there's one background uh issue here that we should address which explains the success and that is there's still a pretty good rough intellectual political consensus about what constitutes good tax policy that is the tax rates matter within the most republicans agree with that that uh corporations uh uh and businesses need to be have a competitive tax code to compete around the world there is a general supplyside uh uh consensus uh that the democrats don't share where most of their their economists are opposed to to those principles but that consensus behind the scenes made a little easier or may be a lot easier to agree on the ultimate contours of this uh then uh happened on healthcare where there isn't that kind of agreement and then he had to give credit here to three successive ways and means chairman dave camp oostens left congress but put together the first detailed the tax reform out of ways and means remember john banner.

united states wall street journal eu congress tax policy tax rates chairman national association of realto real estate apple spotify google npr kim strauss dave camp oostens john
"potomac watch" Discussed on WSJ Opinion: Potomac Watch

WSJ Opinion: Potomac Watch

01:51 min | 3 years ago

"potomac watch" Discussed on WSJ Opinion: Potomac Watch

"Um and and is right the stock market didn't seem to love the senate bill uh but look we've had this huge runoff in a in a couple of days of selloffs profittaking is not a big deal in in in my view kim no and i would point out that not just economists make that point that businesses have been pushing for this expensive probation f from a policy perspective they have cared about that as much as they have cared about the rate set one hundred percent expensive thing a huge priority for them because what the effective it is it's the same again as izzie he would get from a lower rate it allows them to keep more of their money in their pockets or rather in their business copper's tiggy's for expansion higher wages all the different things that come with a lower government tax burden all right we're talking about the uh republican tax reform movement in congress and a judge roy moore's troubles you're listening to potomac watch from the wall street journal the future of everything from the wall street journal all new episodes foul on apple podcast modify union google play music iheartradio stitcher and npr one the wall street journal listen ambitiously from the opinion gauges at the wall street journal coming watch welcome back i'm poetry go with kim's draw soul and james freeman and we're talking just to finish up on the senate uh tax bill prospects we had a senator in the uh today as a matter of fact pat toomey of pennsylvania was one of the chief negotiators of this bill he's from of the senate finance committee.

stock market kim izzie congress roy moore wall street journal senator pennsylvania senate finance committee senate selloffs profittaking apple google npr james freeman pat toomey one hundred percent