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Highlights of the News

Elf on the Shelf lied to FISA court.

ITEM 1: The Wall Street Journal reported, "It’s been two years since President Trump signed the Tax Cuts and Jobs Act into law. To the delight of supply-siders, the law contained significant marginal tax rate reductions for individuals and corporations. At the time there was lively debate concerning the likely economic impact of the bill, with opponents pointing to analyses that found little effect from the rate reductions. At the White House, where we worked at the time, we produced analyses that suggested economic growth would surge. On the second anniversary of the TCJA, the numbers are in, and our projections have been vindicated.

"The view that the tax cuts would jump-start the economy was based on abundant economic literature examining how tax policy affects decision-making by businesses and individuals. On the corporate side, the tax cut reduced the cost of installing new plant and machinery by about 10%, suggesting that capital spending would jump by the same amount. This would increase the amount of capital per worker and drive up productivity and wages. President Trump emphasized the last point repeatedly, arguing that family incomes would increase by about $4,000 in three to five years, with blue-collar workers benefiting disproportionately.

"This predicted increase in capital has materialized, and has translated into additional economic growth. In 2017 our calculations suggested gross domestic product growth would accelerate in response to higher capital spending, with the contribution of nonresidential fixed investment to real GDP growth rising to between 0.8% and 1% in 2018. The contribution of this type of investment to economic growth from the first quarter of 2018 to the fourth quarter of 2018 was right on target, at 0.8%. This wasn’t the existing trend. Capital spending was 4.5% higher in 2018 than pre-TCJA blue-chip forecasts, and this trend continued in 2019."

We were right.

It is Christmas Eve. I am linking pay sites today. Look, I have less than 24 hours to get off the naughty list.

ITEM 2: The New York Times alleged, "Donald Trump Has Drained the Swamp (of Good Christmas Parties)."

The likely true story said, "There were only ever a handful of Cabinet secretaries and Trump aides who would brave the night life of a city that reviles, and is reviled by, the president. (You know it’s bad when Wilbur Ross, the 82-year-old secretary of commerce who both falls asleep and wears $600 velvet slippers in public, is considered the social butterfly of this administration.) And the slow march to impeachment has made aides even less willing to mingle.

"In the beginning, though, people such as Kellyanne Conway, Steven Mnuchin and Ivanka Trump could be counted on to show up at parties and interpret the latest presidential paroxysm in an effort to soothe the freaked-out establishment. Three years in, relations have soured."

Harassing administration officials at restaurants send the message they are not welcome.

3 years of hostility cost DC power brokers access.

Add boo-hoo-hoo to ho ho ho this year.

ITEM 3: Impeach.
Then yes, disbar.

ITEM 4: CNBC reported, "China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.

Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday. That compared with 706 products that were taxed at temporary rates in 2019.

Red China is hungry.

The story said, "The finance ministry said the tariff rate for frozen pork will be cut to 8% from the most-favored-nation duty of 12%, as China copes to plug a huge supply gap after a severe pig disease decimated its hog herd."

President Donald John Trump holds the trump card. He is playing it well.

ITEM 5: Democrat Senator Tim Kaine complained to Politico that a failed impeachment will help President Donald John Trump.

Kaine said, "I think his behavior will get more extreme going into the election. He will commit things that many Americans, including undecided independents, will find offensive. Whether they’re impeachable offenses, I don’t know. But I think in trying to jazz up his own base he’s going to do some things that swing voters find offensive."

Crying wolf for 3 years not only failed but it immunized him from further cries of wolf.

We tried to tell Democrats, but no, they knew better.

If President Trump offended swing voters, they would vote Democrat in November. Democrats know they have lost those voters. No one likes whiners.

ITEM 6American Wire reported, "Democratic presidential candidate Sen. Elizabeth Warren’s campaign website labeled Asian-American, Indian-American, Iranian-American and Pakistani-American billionaires as white.

"The Massachusetts senator’s campaign website includes a page on wealth inequality, which featured a since-deleted graphic breaking down the 400 wealthiest Americans by race. The graphic included three categories: black, white and Latino (the campaign uses the left-wing term Latinx).

"According to the graphic, only six of the top 400 wealthiest Americans are non-white — but that’s not accurate. The campaign appears to have classified at least 14 American billionaires of Asian, Indian, and Middle-Eastern descent as white."

Is the lawyer who wrote the FISA warrants now writing her press releases?

ITEM 7: The Wall Street Journal reported, "As elite colleges and universities seek to be more diverse, there is one section on the Common Application that has become increasingly loaded: the boxes where prospective students are asked about their identity.

"Students know they face tougher-than-ever odds of earning admission and feel pressure to answer in a way that gives them an edge, college counselors and families say. Colleges, in turn, are frustrated because they have no way to confirm the information.

"Questions college counselors are encountering from students and their parents include: Does partial heritage count? If a father is Cuban but you don’t speak Spanish, should you check Hispanic? Is it advantageous to declare yourself gay or bisexual even if you’re not?"

Be Elizabeth Warren and lie your arse off.

Every Asian-American male should claim to be a black, lesbian transgender with the pronouns yippee, yappee, and yahooey.

Racists run the multi-trillion dollar higher-education business. Beat them at their own quota game.

ITEM 8: The Hill reported, "Sen. Elizabeth Warren has spent her presidential campaign railing against the donor class, making it known she doesn't want their help.

"She has publicly bashed millionaires, has sworn off high-dollar fundraisers and has refused large checks from Democratic bundlers.

"But behind the scenes in recent months, former President Obama has gone to bat for Warren (D-Mass.) when speaking to donors reluctant to support her given her knocks on Wall Street and the wealthy."

Well, she is a person of color.

Or was.

ITEM 9: Matt Margolis reported, "Biden Claims There Wasn’t A ‘Hint of a Scandal’ During the Obama-Biden Administration, Here are Ten."

Giving Iran $170 billion cash in the dead of night failed to make the list. That is how evil his regime was.

ITEM 10: CNN reported, "Sen. Doug Jones of Alabama on Sunday described the allegations against President Donald Trump as serious but said he is keeping an open mind when it comes to the Senate impeachment trial.

"Appearing on ABC's This Week, Jones said he has been reviewing information about the allegations that Trump used his office to pressure Ukraine President Volodymyr Zelensky to dig up dirt on a potential political rival.

"'I'm trying to see if the dots get connected. If that is the case, then I think it's a serious matter. I think it's an impeachable matter,' he said. 'But if these dots aren't connected and there are other explanations that I think are consistent with innocence, I will go that way too.'"

Translation: If the dots connect to Democrats funding his re-election campaign, he will vote to remove.

ITEM 11: Axios reported, "2019 was a particularly brutal year for older news industries, like newspapers, magazines, television and radio. Revenue for television was down nearly 4% this year, and for print it was down nearly 20%.

"Legacy magazine brands that were once considered must-reads, like Sports Illustrated, struggled to find suitors. Magazine titans like Conde Nast are expected to miss their revenue numbers given a bleak advertising forecast.

"Univision, one of the largest media companies that serves America's fastest-growing population, is looking for a buyer to help it crawl out of a massive debt hole, driven by a private equity investment gone bad."

The story said, "The two biggest local newspaper holding groups — New Media (GateHouse and Gannett) and McClatchy, which collectively house over 700 newspapers — had a combined market cap value as of Thursday of less than $800 million. By comparison, Apple, which this year launched its own news product, is worth more than $1.2 trillion."

In the 1980s, newspapers were sold for $1,000 per subscriber.

Those 700 newspapers are now worth the equivalent of a little over 1,000 subscribers each.

The information age flourishes while newspapers vanish.

ITEM 12: WVVA reported, "A nationwide debate over abortion rights is making its way to West Virginia.

"In the next legislative session, lawmakers plan to introduce a 'born-alive' bill. The legislation would essentially protect the life of a child born during an abortion.

"Delegate Jeff Pack, (R) Raleigh County, is a co-sponsor of the legislation which would require that the babies receive the same care as any other child delivered during the same gestational age."

While that other Virginia wants to confiscate guns, Best Virginia works to save the lives of babies.

Excuse me, Best "By God" Virginia.

ITEM 13: The New York Post reported, "The British royal family released an adorable photo from Buckingham Palace that showed Prince George preparing Christmas pudding.

"The photograph, which also included Queen Elizabeth, Prince Charles and Prince William, was shared on Instagram Sunday by the official account of The Duke and Duchess of Cambridge."

I was going to write that it was too bad Princess Di was not there, but she was as she watches over her son, and now her grandson.

ITEM 14: The Associated Press reported, "A court in Saudi Arabia sentenced five people to death Monday for the killing of Washington Post columnist and royal family critic Jamal Khashoggi, whose grisly slaying in the Saudi Consulate in Istanbul drew international condemnation and cast a cloud of suspicion over Crown Prince Mohammed bin Salman.

"Three other people were found guilty by Riyadh’s criminal court of covering up the crime and were sentenced to a combined 24 years in prison, according to a statement read by the Saudi attorney general’s office on state TV.

"In all, 11 people were put on trial in Saudi Arabia over the killing. The names of those found guilty were not made public by the government. Executions in the kingdom are carried out by beheading, sometimes in public. All the verdicts can be appealed."

Will liberals demand the sentences be commuted to life in prison?

ITEM 15: The Express reported, "Brussels chaos: Spain follows Poland in shock threat to quit EU 'No more humiliation!'"

Irony alert.

The story said, "On Thursday, the EU's top court ruled a jailed Catalan separatist leader should have parliamentary immunity. Oriol Junqueras was one of nine pro-independence leaders jailed in Spain after an illegal independence referendum. However, in May he was elected to the European Parliament as an MEP."

So the EU backs separatists. No wonder Spain wants out.

The only question is is it Spaxit or Spexit?

Poland's term is easy. The Pole Vault.

ITEM 16: CNS reported, "California once again ranked No. 1 among the 50 states for the percentage of its residents 25 and older who have never completed ninth grade and 50th for the percentage who have at least graduated from high school, according to new five-year estimates (2014-2018) released Thursday by the Census Bureau’s American Community Survey."

I see.

The least educated state was the second most in voting for Hillary, after Hawaii.

ITEM 17: Capital Confidential reported, "By December 2013, Michigan’s new right-to-work law had been in effect for nine months. The Michigan Education Association was collecting dues from 113,147 active members."

And now?

The story said, "Since right-to-work became law, the MEA has lost 38,790 members."

Amazing. Allowed to leave, one-third did.

ITEM 18: Stephen Kruiser reported, "Eddie Murphy Makes SNL Funny for the First Time In Years."

Maybe it is a one-off night of comedy like alumni Adam Sandler's guest hosting.

Or maybe the show wants to be funny again.

Or just fun. The cold opens over some election or other political event that did not go your way is about as fun as being a Cavaliers fan after LeBron James quits the team.

ITEM 19: BizPac Review reported, "The U.S. has begun deporting Mexican nationals deep into the interior of their country, making illegal reentry that much more difficult — and immigration enforcement officials have not ruled out deporting them as far as Guatemala."

Word will get out. That will help.

ITEM 20: Bojo shifts into his Disraeli gear.
Jews are the canaries in the mine of freedom. Tyrants go after them first.

ITEM 21: The "Senior Legal Affairs Contributor of Politico" asked a question.
I should quit Twitter but I won't.

ITEM 22: Just 2 guys having a good time.
'Tis the season to be jolly.

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