Senator Mitch McConnell Discusses Inflation Reduction Bill On Fox News’ Special Report Show

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Senate Minority Leader Mitch McConnell (R-KY) appeared on Fox News Special Report w/Bret Baier (08/03/22) to discuss the Inflation Reduction Act currently being negotiated in the U.S. Senate. Senator McConnell said he found the way Democrats characterized the bill “laughable”, because in his opinion, the bill actually increases inflation. Senate Democrats appear poised to approve the measure on a straight party vote.

Senator McConnell said this about the Inflation Reduction Act (0:27): “First, I think all of us were somewhat shocked by Senator Manchin’s reversal of positions he’d taken as recently as last week, against raising taxes. This raises taxes, it increases the burden of taxation on lower income people significantly. Calling it inflation reduction bill is rather laughable. Independent analysis indicates it actually increases inflation in the next two years, and may have an impact over ten years, and their policies from last year have already produced 40-year high inflation, so it’s a terrible package. It appears as if they are all in line, but one, it will be up to Senator Sinema from Arizona, who’s quite independent, to determine what the final contours of the bill are.”

Asked about the charge by irate Republicans, that he was “played” by Democrats regarding the reconciliation bill, McConnell responded (1:28): “Reconciliation is something done by one party only. There’s nothing we could have done to prevent the Democrats from doing a bill that only they will vote for, so it’s not a question of being played here, what’s the story line here is that Senator Manchin had agreed to something that he had said publicly and privately over the last two weeks that he would never agree to. We’re not involved in the reconciliation bill. There won’t be a single Republican vote for it. There’s nothing we could do to deter it, other than to criticize it publicly, and that’s what we’re doing right here.”

Host Bret Baier then cornered Senator McConnell with a very interesting question as to why he has repeatedly cited renowned economists Larry Summers and Jason Furman on ways to tackle the current record inflation, yet now he refuses to follow their advice that the Inflation Reduction Act will help reduce inflation? Senator McConnell accused the economists of trying to appease President Biden. He specifically said (2:41):“The quotes they used me in, were Summers’ observations about what they [Biden Administration] did last year. Two trillion dollars they dumped on the economy, that both Furman and Summers predicted would produce rampant inflation, and it did. What they’ve done this year is kind of fall in line, and I assume they wanted to get back on the White House Christmas card list, but people who are not active Democrats, independent observers have said it has no impact on inflation, at all, over the long term, and actually increases it slightly in the short term. So Furman and Summers were certainly helpful as active Democrats in describing last year’s bill, but this year they’re sort of falling in line because I think they want to get back in the good grace of the White House.”

Asked about criticism from House Republicans, some of whom don’t want him as Senate Majority Leader any more, over what they perceive as him being “played” repeatedly by Democrats, and making President Biden look good, McConnell responded(3:55): “Well, I guess they’ve forgotten the Supreme Court that I’ve helped usher into–three new Supreme Court justices, the 2017 tax bill…I think just because you have closely divided government doesn’t mean you do nothing. The past two administrations tried to achieve bipartisan infrastructure, didn’t get it done, we needed to rescue the post office. Just because it’s a Democrat in the White House, I don’t think means Republicans should do nothing that’s good for the country. In the meantime, on the big issues, we are totally opposed to what this administration is trying to do, but on things like school safety, mental health, infrastructure, postal reform, why would we not want to make progress for the country no matter who’s in the White House?”

Asked about reservation by some Republicans, that expanding NATO to include Sweden and Finland, increases the likelihood of sending our troops into combat in Europe, Sen McConnell responded (5:08): “The NATO alliance is the most successful military alliance in world history. The way to prevent Americans from having to actively get involved in combat is to prevent it in the first place, and that’s what NATO is about. It won the cold war without firing a single shot. Putin has succeeded not only in actually expanding NATO and making it even more effective as a deterrent. Remember Reagan said peace through strength, and that’s what NATO is all about, and that’s why Finland and Sweden add a lot to NATO.”

Asked to pick between the Russia-Ukraine war, and the situation at our southern border, which one was a bigger national security threat to the United States, McConnell said both were threats that needed to be dealt with seriously–probably not the answer Fox News viewers obsessed with the southern border, wanted to hear.

Importantly, when asked about his earlier prediction that there would be a “red wave” in this year’s midterm elections, McConnell appears to have had a change of mind (probably due to Kansas), saying now that it will be a “very tight” election. McConnell specifically said (7:02): “I think it’s going to be very tight, we have a 50-50 Senate now, we have a 50-50 nation, and I think when the Senate race smoke clears, we are likely to have a very, very close Senate still, with either up slightly, or the Democrats up slightly”–a far cry from the “red wave” talk we heard earlier in the year from McConnell and his fellow Republicans.

Asked about the Kansas abortion vote heard around the world, McConnell responded (7:35): “I think what the Supreme Court has done is said people who are elected by the American people are going to deal with this highly sensitive issue, and it will be playing out all year, and I don’t think we really know until the end of the year, what kind of an impact putting this issue back into the hands of those of us who are elected, as opposed to nine unelected judges, will have on the country. We’re in the process of finding that out…It tells us that there are a lot of people interested in the issue in Kansas, there’s no question about that.”

Asked whether he would survive his leadership role if “Trumpified” candidates(J.D. Vance, Oz, Blake Masters, Ted Budd etc) win this November, Sen McConnell responded (8:37): “I’ve been elected eight times without opposition. I don’t own this job, and there’s always an election every two years for leader. If anybody wants to challenge me, have at it.” McConnell added that he will still hang on as Minority Leader if Republicans don’t take over the Senate this Fall.

Asked whether, given his lengthy career in the U.S. Senate, there is a single issue the modern Republican Party gets right, which the old Republican Party got wrong, McConnell was all over the place. He didn’t give an answer that specifically answered the question.

Bottom line folks, the key takeaway from Senator McConnell’s interview on Fox News is that the “red wave” fantasy is gone. Republicans now acknowledge that even with the challenging economic times, and President Biden’s low approval numbers, the 2022 midterm elections will be very competitive. Reasonable politicos will agree that given historical trends re midterms, the fact that Dems are even still in the ball game, tells you all you need to know about the state of affairs at Trump’s GOP. 

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“Being A.O.C”: A CNN Special Featuring Rep Alexandria Ocasio-Cortez

CNN’s Dana Bash interviewing Rep Alexandria Ocasio-Cortez (D-NY)

CNN’s Dana Bash did an hour-long special on Congresswoman Alexandria Ocasio-Cortez(D-NY) titled “BEING A.O.C”, which aired on 08/09/2021. As expected, “BEING A.O.C” ended up being quite an interesting and informative hour of television where viewers leaned a lot about AOC the young Latina, versus AOC the Congresswoman we are accustomed to seeing on TV. Yours Truly would have loved to drop the entire hour-long show here for your consumption, but because of copyright issues(the boatload of commercials), all Yours Truly can manage is chopping up the special and serving you the various segments, beginning with whether she plans to primary incumbent Dem Senator Schumer in 2022, and run for president in 2024.

AOC on why Fox News is so obsessed with her

AOC on the power of femininity

AOC on being misunderstood and hated by right wingers

AOC on striking a balance between her congressional duties and her desire to raise a family

AOC on being insulted by a Republican Congressman

AOC on taking down a powerful and loved Dem incumbent, and how this led to her cold reception by fellow Dems in Congress

Bottom line folks, AOC, like Trump(admit it libs), almost always makes for great TV, and Dana Bash’s special did not disappoint. Yours Truly gives Dana Bash an A+ grade(95%) instead of a full blown 100% grade because of this slight “ding”: She left out AOC’s stay in West Africa, where she reportedly even picked up the local language. I think viewers would have loved to hear about her experiences in Africa, and how they have affected who she is today.

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Trump Family’s Deceptive Trade Practices

A CNN Special Report by Erin Burnett exposed some stunning deceptive practices employed by the Trump family in their real estate dealings. Some of the deceptive statements the Trumps used to lure in real estate investors are borderline criminal fraud. According to the CNN Special Report, the Trump family essentially embarked on real estate projects worldwide and then made false media pronouncements that their properties were sold out in an effort to lure in investors. Non-suspecting investors then pumped money into what they believed were very profitable Trump properties only to be hit by bankruptcy notices resulting in severe losses. The full CNN Special Report titled “The Trump Family Business” is available here but the relevant clip is below

In 2009 Ivanka Trump for example told CBS regarding the Trump Tower Toronto project, “We have projects all over the world that are incredibly successful and that are virtually sold out…from Hawaii to Toronto to Istanbul.” However according to Erin Burnett, bankruptcy papers filed for the Toronto project years later totally contradicted Ivanka’s statement to CBS. Turns out a whopping 75% of the “sold out” Toronto building remained unoccupied.

Similar shocking deceptive practices were also employed at Trump’s SOHO project where Ivanka told reporters in 2008 that 60% of the units had been sold. It later turned out upon further inspection that contrary to Ivanka’s assertion, only 15% of the units had been sold. Even more troubling about the SOHO project is the fact that there were email exchanges between Ivanka and Trump’s eldest son Don Jr showing that the two were willfully lying to investors about the occupancy rates at Trump SOHO. This apparently led to a lawsuit which the Trump family settled with the terms remaining secret.

Bottom line as Erin Burnett’s Special Report points out, a lot of these real estate investors who were lured into investing based on gross misrepresentations by the Trumps, ended up losing large sums of money. These were not just harmless sales gimmicks employed by the Trumps. Even though it is unlikely that any criminal prosecution could be initiated against Trump’s adult children(statute of limitations), the only decent cause of action for them given their current status in society(Presidential children) would be to make a public apology to the investors who got crushed by their deceptive trade practices.

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