The Market Ticker
Commentary on The Capital Markets- Category [Politics]
2016-06-25 12:47 by Karl Denninger
in Politics , 256 references

This weekend I had a "walker" come to my home soliciting votes for Congress.

I'm familiar with this; walking neighborhoods is a time-honored thing, but it's hotter than Hell here today in Florida, and this guy was clearly not all that pleased about standing outside with me while I chatted him up.

He of course was pushing the local "conservative", Mr. Gaetz.  I told the solicitor that while I was very much aligned with Gaetz's agenda as I understood it (and was on the literature he was peddling) I was simply not interested in backing anyone for Congress who wouldn't deal with the single issue that IMHO is the most important: Medical monopolies.

Of course any sort of mention of that was flatly-absent, and while Gaetz claims to be "for" a balanced federal budget I also pointed out that so is allegedly Ryan, and yet we've had nothing but growth in both the cost of government and its debt during the time he has been speaker.

He didn't like me very much by the time we got done, but he also didn't secure my vote -- and he shouldn't secure yours either, no matter who it is, until and unless this is front and center in the political debate.


Because if we don't take care of this now, in this election cycle, our way of life in this nation will end within the next four to five years.

That's not politics or speculation, it's arithmetic.

View this entry with comments (registration required to post)

2016-06-11 04:00 by Karl Denninger
in Politics , 742 references

This is likely clickbait, but on the chance it's not...

There is growing talk on the right of replacing Donald Trump, the Republican Party’s presumptive nominee for president, and even chatter about a possible alternative.

As Trump has floundered over the past week after questioning a federal judge’s impartiality because of his Mexican ancestry, Trump’s critics within the GOP have stepped up their efforts to thwart him. Some anti-Trump conservatives, who have tried for months to recruit an independent candidate, have begun looking more closely at attempting to persuade delegates at next month’s GOP convention to nominate someone other than Trump.


Go ahead, try it.

First, the latest is Trump's going after the judge in the supposed "class action" Trump University trial.  Here are the facts that support his charge of bias:

  • The lead plaintiff in the suit was forced to withdraw after both written and taped statements full of praise for the program surfaced.  Normally such a revelation would result in the instant dismissal of the suit, since the class lead had suddenly disqualified themself and branded the action as a fraud.  Not in this case; the Judge refused to dismiss the case.

  • The Judge is a member of La Raza Lawyers of San Diego.  This isn't a bare charge; it is a fact that he admitted to in his own original questionnaire for admission to the bench in 2011.  He has also served on the selection committee for its scholarship fund, with at least one of the recipients of same in 2014 self-described as "undocumented."

There is plenty of conflict over exactly how closely this organization is tied to other organizations with "La Raza" in their names, including some that can be reasonably claimed to be terrorist organizations (any organization that argues that they might need to "kill whites" to re-acquire territory from the United States they claim was stolen certainly fits that description!)

But that is immaterial to the point, which is that this Judge has of his own free will taken up politically-active positions that are in direct conflict with the laws of the United States: He has specifically advanced and promoted the actions of those people who are here illegally, including by voting to grant them money.

It is incomprehensible that any judge can advocate for or participate in granting any sort of support or funding, except perhaps to pay a lawyer for their defense against related charges, to someone who is clearly and by their own admission breaking the law by their mere presence in this nation.  Such an act is by definition a violation of one's oath of office to the bench and the public and that it has not resulted in immediate impeachment is an outrage.

Trump is right, in short, and he must not back down.

As for the Republican Party rather than call for this judge's impeachment and removal for his clear violation of the oath of office they instead wish to burn the guy calling him out at the stake.

What does that say about oath-breaking in the Republican Party?  It says that the party is full of those who are willing to countenance an invading army of foreign nationals and even hand them our nation, one dollar at a time.  There's a name for this in a time of war and if you think being invaded by foreigners doesn't define "war" then please explain what does?

If the Republican Party wishes to destroy itself it is free to do so; any move to attempt such chicanery as is being discussed in the linked article is likely to, and should, result in the party not only losing in November but being utterly destroyed literally plank-and-nail by plank-and-nail, with the remains used for campfire kindling and marshmallow roasting.

View this entry with comments (registration required to post)

Main Navigation
MUST-READ Selection:
You MUST Change Your Attitude

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.


The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.