Tuesday 5 July 2016
Photo, left:
JOHN BATCHELOR SHOW
Co-host: Larry Kudlow, CNBC senior advisor; & Cumulus Media radio; & author: JFK and the Reagan Revolution.
Hour One
Tuesday 5 July 2016 / Hour 1, Block A: Steve Moore, Heritage and Fox; in re: Mrs Clinton’s in effect exculpation by James Comey this morning has puzzled many people, Her inordinate carelessness apparently has been scooped up by our enemies. Plays into fear by many: she’s not trustworthy. Anyway, her only defense is that she was incompetent – which is a sine qua non of candidacy of the residency “She won legally but not in the court of public opinion.” “Extreme negligence” doesn't translate into the legalese of “gross negligence”? Bill of attainder: . . . “No intent by Mrs Clinton and her circle to release classified information.” Were they babes in the woods? If this isn't indictable, why was Petraeus fired? . . . Petraeus was aware the he was passing info to someone not cleared. LK: My conspiratorial thought: In a bizarre way, the GOP has a collective political relief because they’d rather run against her than Joe Biden
Tuesday 5 July 2016 / Hour 1, Block B: Steve Moore, Heritage and Fox; in re: The Clinton Foundation: FBI investigation is critical and still unresolved. Paul Ryan’s new tax plan: favorable review from House Ways and Means and from the Tax _____. LK: I’m tempted to call this is the Kudlow-Moore tax plan. Kevin Brady is smart, a very hard worker – it was Brady who drove it through. Best pro-growth tax reform since 1986. On the GOP side of the aisle, we're all supply-siders . . . A lot of the bluster about trade could be solved with a Trump 15% corporate tax or Brady’s 20% This could bring a huge amount of money back to the US. C-corps and S-corps pass-throughs: 15% tax rate for both the large and small corporations. If Trump runs, can jam it thorough swiftly and the economy will bloom in six months.
All new investment, eqpt, structures, will be immed expensed – not over years – and this has bipartisan support. Can bring overseas cash back right away, the “penalty” is de minimus. Dems want 45% corp tax – yikes. The question becomes: do Americans want growth? We're in a stalled economy.
House GOP tax plan would increase economy's size by nearly double digits: study hill.cm/jT4RCHn pic.twitter.com/jCiQmttqWp
Tuesday 5 July 2016 / Hour 1, Block C: Brett Arends, WSJ, in re: was in London for Brexit and now is back in Boston. The lion isn’t roaring; it’s coughing. The day after the Brexit vote, where the north voted Leave and the City voted Remain, everyone looked dazed. On the day after, it was 10% cheaper to an American than the previous day, so I went shopping. The pound is still weak. The LSE move to the Continent? — where? No one wants to live in Frankfurt; and the technology here is still pro tem irreplaceable. Some staff may have to move to Amsterdam, but no huge shift. Mervyn King said this may turn out to be better for the UK. . . . London, New York, Singapore . . . LK: Brexit is Magna Carta 2.0. The investment bankers et al. who live in Mayfair: do you suppose they’ll move to Frankfurt. Chris Benoni, a hedgie, once threatened to move to Switzerland – but no Michelin three-star restaurants. The London property market will be interesting, and the investors look at these things in dollars, and their current real estate investments just dropped 10% Kissinger favors Brexit. . . . Mr Gove (Leave) and Theresa May (Remain) – May says this is a definite and irrevocable decision. See also: Andrea Leadsom, another Brexiteer. Gove is too much of a wonk and is thought to have stabbed Boris Johnson in the back. We’ll find out in early Sept, also when the Brexit committee will report the options; triggering Clause 50 (exit EU) – might do it by royal proclamation!
FTsie is up 5%; while eurostocks are down 14%. Lot of people in the UK said that Brussels’s dead, clammy hand won't allow reform. Junker disgraced himself and should have been fired. Brussels: No elections. No accountability. I spoke to today with Simon Constable – their constitution hasn't bound federal authority, so the EU pokes its nose into places it has no business. A headline from when Britannia ruled the waves: “Huge fog; the continent is cut off.” . . . Kissinger: EU is hopeless, heading downhill, US must put Britain’s trading at the front of the queue, not the back. Easier for American workers to go to Britain? Probably yes. . . . I was walking down German Street – Turnbull and Asser shirts – and thought of you. http://www.marketwatch.com/story/people-in-brysterics-over-brexit-need-to-answer-these-10-questions-2016-06-29
Tuesday 5 July 2016 / Hour 1, Block D: Larry Kudlow, in re: Taxes! The Brady Plan –Brady is the smartest, most undernoticed guy in the House – is making it much easier to repatriate overseas cash, a dozen other essential modes of increasing business investment – none in 15 years, we lag on investment, and esp wages. Cap gains, dividends, interest, and getting rid of unnecessary deductions – simplification! Can file your taxes on a postcard. Categories reduced from seven to three; a comfortable standard deduction; caps on deductions basically make it so 90% of taxpayers wont use itemized deductions. Economy will go from 2.5 to 4% growth in a year or less. Small bz, energy, fracking – all being choked by regulations. Dodd-Frank: stop killing the community banks!
Hour Two
Tuesday 5 July 2016 / Hour 2, Block A: Stephen F. Cohen, Prof. Emeritus of Russian Studies/History/Politics at NYU and Princeton; also Board of American Committee for East-West Accord (eastwestaccord.com); in re: Putin calls for improved relations with US in Fourth of July message hill.cm/jUu7zeK pic.twitter.com/XILZllg2ES ; http://tass.ru/en/defense/886110
https://www.washingtonpost.com/world/europe/in-tense-confrontation-with-russia-a-battle-over-history-suggests-cold-war-never-ended/2016/06/30/0d2de07a-2cc9-11e6-a949-82110a957074_story.html?hpid=hp_hp-top-table-main_nato-221pm%3Ahomepage%2Fstory (1 of 4)
Tuesday 5 July 2016 / Hour 2, Block B: Stephen F. Cohen, American Committee for East-West Accord (eastwestaccord.com) (2 of 4)
Tuesday 5 July 2016 / Hour 2, Block C: Stephen F. Cohen, American Committee for East-West Accord (eastwestaccord.com) (3 of 4)
Tuesday 5 July 2016 / Hour 2, Block D: Stephen F. Cohen, American Committee for East-West Accord (eastwestaccord.com) (4 of 4)
Hour Three
Tuesday 5 July 2016 / Hour 3, Block A: Dr Lara M Brown, George Washington University, & Salena Zito, Pittsburgh Tribune-Review and The Hill, in re: Comey says Clinton & staff were ‘extremely careless’ While the ultimate decision will be left up to the Justice Department, FBI Director James Comey said "our judgment is that no reasonable prosecutor would bring such a case."
Clinton Would Bring Different Style to White House ; Priebus Hopes for Unity at Convention ; Gingrich Says Trump Is Part P. T. Barnum
Tuesday 5 July 2016 / Hour 3, Block B: Dr Lara M Brown, George Washington University, & Salena Zito, Pittsburgh Tribune-Review and The Hill (2 of 2)
Tuesday 5 July 2016 / Hour 3, Block C: Robert Zimmerman, behindtheblack, in re: Juno successfully enters orbit around Jupiter Juno successfully entered orbit around Jupiter this evening. NASA will shortly have a press conference with more details about the spacecraft’s status. (1 of 2)
Tuesday 5 July 2016 / Hour 3, Block D: Robert Zimmerman, behindtheblack (2 of 2)
Hour Four
Tuesday 5 July 2016 / Hour 4, Block A: Josh Rogin, Washington Post, in re: Russia
Tuesday 5 July 2016 / Hour 4, Block B: Sebastian v Gorka, Marine Corps University & author, in re: http://www.latimes.com/world/asia/la-fg-bangladesh-attack-suspects-20160705-snap-story.html
Tuesday 5 July 2016 / Hour 4, Block C: Susan Landau, Science magazine, in re: The U.S. Federal Bureau of Investigation (FBI) pitched its recent court battle with Apple as one of national security versus privacy. But in the conflict over public use of cryptography, decades in the making, this latest battle is actually a collision over differing notions of security in a digital age (1). Law enforcement contends that there should be no “warrant-proof” spaces: When there is a valid court order, agents should be able to access communications devices and systems. Technologists (2) and many former government security officials (3–5) see this differently: Weakening smartphones' security provided by encrypted communications is counterproductive to long-term security. The ability to secure data on smartphones is crucial not just for the private information present on phones but also because of the ability of smartphones to securely authenticate users to online accounts. Rather than rely on out-of-date approaches to law enforcement, the FBI must develop 21st-century investigative capability. http://science.sciencemag.org/content/352/6292/1398
Tuesday 5 July 2016 / Hour 4, Block D: Susan Landau, Science magazine (2 of 2)
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