Richard Nixon
The first Republican to announce a GOP 2020 primary challenge to President Donald Trump says “we would be much better off with a President Mike Pence.”
“For the good of the country, if he had the self-awareness that Richard Nixon had, sense of shame is too strong a word, but self-awareness is probably too soft a word, he would resign,” former Massachusetts Gov. Weld told MSNBC’s “The Last Word” on Tuesday night. “The truth is: We would be much better off with a President Mike Pence than a President Donald Trump.”
Weld warned against Democrats impeaching President Trump, because “those boils over at the White House are dying to have impeachment proceedings initiated so that Mr. Trump can scream like a stuffed pig.”
“It’s just going to give him such a delicious talking point the last few months before the election,” Weld told host Lawrence O’Donnell.
Weld is ready to challenge President Trump in a Republican primary for the 2020 presidential candidacy, although Ohio Republican John Kasich and Maryland GOP Gov. Larry Hogan are weighing a run as well.
Weld admitted he will not bother campaigning in the deep red southern states, but he will focus on the northeast, mid-Atlantic, and California.
“It is time to return to the principles of Lincoln — equality, dignity, and opportunity for all,” he said at the time. “There is no greater cause on earth than to preserve what truly makes America great. I am ready to lead that fight.”
Source: NewsMax Politics
While the Mueller report conclusions fell short of Rep. Adam Schiff’s, D-Calif., promise of provable conspiracy with Russia to interfere in the 2016 presidential election, the House Intelligence Committee chairman still calls the findings “far worse” than Watergate.
“The obstruction of justice, in particular, in this case is far worse than anything that Richard Nixon did – the break in by the Russians of Democratic institutions, a foreign adversary, far more significant than the plumbers breaking into the Democratic headquarters – so, yes, I would say in every way this is more significant than Watergate,” Schiff told ABC News’ “This Week.”
While “Mueller made it abundantly clear he felt he could not indict the president,” Rep. Schiff admitted, the special counsel’s report gave a roadmap for Congress to pursue impeachment from the president’s actions.
“The fact that a candidate for president and now president of the United States would not only not stand up and resist Russian interference in our election, but would welcome it, goes well beyond anything Nixon did,” Schiff told anchor Martha Raddatz. “The fact that the president of the United States would take Putin’s side over his own intelligence agencies, goes well beyond anything Richard Nixon did.
“So, yes, I think it is far more serious than Watergate.”
Regardless of Rep. Schiff’s own confidence, he remains skeptical impeachment would be the right political move for his party.
“We are, unfortunately, in an environment today where the GOP leadership, people like [Rep.] Kevin McCarthy [R-Calif.], are willing to carry the president’s water no matter how corrupt or unethical or dishonest the president’s conduct may be,” Schiff told Raddatz. “And in those kind of circumstances, when [Senate Majority Leader] Mitch McConnell will not stand up to the president either, it means that an impeachment is likely to be unsuccessful.
“Now it may be that we undertake an impeachment nonetheless.”
After years of aggressively pursing criminal charges against the Trump campaign, if not the president himself, only to be let down by the Mueller conclusions, Rep. Schiff is now preaching caution.
“I think what we’re going to have to decide as a caucus is what is the best thing for the country,” Schiff said. “Is the best thing for the country to take up an impeachment proceeding, because to do otherwise sends a message that this conduct is somehow compatible with office. Or is it in the best interest of the country not to take up an impeachment that we know will not be successful in the Senate because the Republican leadership will not do its duty?
“That’s a very tough question and I think is one we ought not to make overnight.”
Source: NewsMax Politics

FILE PHOTO: FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo/File Photo/File Photo
April 14, 2019
By Howard Schneider
WASHINGTON (Reuters) – As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.
The “swap lines” that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system.
Would an “America First” Fed do the same?
The question is suddenly relevant for global economic officials and central bankers after moves by President Donald Trump to put two strong partisans on the Federal Reserve board.
Both economic commentator Stephen Moore and businessman Herman Cain have been critical of Fed policies, and Moore in particular has opposed the extraordinary measures employed to stabilize the economy through the deepest crisis since the Great Depression.
Should Trump shape a Fed that answers first to his politics, it could roil the landscape for other central banks, and for a dollar-dependent world financial system whose fortunes can swing dramatically based on Fed decisions.
“I’m certainly worried about central bank independence in other countries, especially … in the most important jurisdiction in the world,” said European Central Bank President Mario Draghi, in Washington for spring meetings of the International Monetary Fund and World Bank.
SENSITIVE MOMENT
Trump’s decision to consider close political allies for the central bank comes at a sensitive moment for the world economy and the IMF. Fund Managing Director Christine Lagarde last week asked member countries to strive to “do no harm,” yet its largest shareholder, the United States, has become a concern.
Trump’s ongoing trade battles have been cited as a reason global growth is slowing, and the idea of a Fed stacked with officials looking first at the U.S. political calendar has overseas central bankers nervous.
The IMF has commended the steady evolution of Fed policy under chairman Jerome Powell, but Trump has demanded he cut rates and Moore has endorsed the idea.
The actions of one central bank often impacts the economies of other nations. But the rule of thumb is to set policy as much as possible on the basis of detached analysis, not to gain a short-term trade or political advantage.
If the Fed were to cut rates to counter a U.S. slowdown, it would be one thing. But juicing a mostly healthy economy to make Trump look good would send a bad signal – and hurt countries that are grappling with their own economic problems.
Lower rates could weaken the dollar, boosting U.S. exports and appealing to a core Trump campaign aim of expanding U.S. manufacturing jobs. But it would make it harder for the Bank of Japan to follow its own strategy of targeting specific levels for long-term bond yields, and undercut growth in Europe that the European Central Bank is trying to support. Emerging markets could see destablizing capital flows.
“Can a politicized Fed be relied on to do what it did in 2008, when it was lender of last resort for the world? You would really have to worry about this – that rather than be the strongest proponent of stability, the Fed all of a sudden becomes an agent of instability,” said Jacob Funk Kirkegaard, a senior fellow at the Peterson Institute for International Economics.
Already some of Trump’s policies have European financial leaders thinking about ways to boost the euro as a reserve currency on views the oversized influence of the dollar in global markets leaves Europe vulnerable to U.S. political decisions.
POOR HISTORY FOR POLITICIZED FED
Both Moore and Cain have yet to be nominated formally, and Cain’s prospects look bleak. Fed governors must be approved by the U.S. Senate, and enough Republican lawmakers have come out against Cain to scuttle his chances.
Moore, meanwhile, has sent mixed signals about his policies, but in general has criticized the Fed flooding markets with dollars during the crisis and its aftermath. He has favored tying the Fed to a strict rule, based on commodity prices. Critics of rule-based monetary policy cite its lack of flexibility to respond to unexpected events.
The Fed has had deeply political governors before, perhaps most notably in the 1980s when a group loyal to then-President Ronald Reagan opposed policy set by then-Chairman Paul Volcker, said William English, the former head of the Fed’s monetary affairs division and now a professor at Yale.
They didn’t succeed, English said, evidence of the influence of a strong Fed chair and of the limits an individual governor has in an institution with a strong technocratic bent, and on a policy panel that at peak strength includes 19 people. Twelve of them, moreover, are appointed by regional banks outside the president’s reach.
But before Volcker, he said, the Fed did mold policy around the demands of Presidents Lyndon Johnson and Richard Nixon, and arguably contributed to the runaway inflation of the 1970s.
“We did that experiment…The outcome was bad,” he said.
For the IMF and other global institutions, there’s a broader issue if the world’s dominant economy steers away from the norms recommended for other countries, as the Trump administration has already done on trade. Whether it is the potential for unhindered government borrowing or a politicized central bank, the United States may be writing a script that other, less resilient countries, may be tempted to follow.
“The Fund likes to live in a world….where all of its members are treated evenhandedly,” said Nathan Sheets, former under secretary of the Treasury for international affairs and now chief economist at PGIM Fixed Income. If the United States starts opening the Fed to partisan politics or shifting away from other norms, “that is a risk for them.”
(Additional reporting by Balazs Koranyi; Editing by Andrea Ricci)
Source: OANN





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