B-Man

Interesting take Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign Alex Harring Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell to voluntarily relinquish his position in order to ensure the central bank’s independence, making the chief economic advisor at Allianz one of the first prominent economists to publicly take such a position. “If Chair Powell’s objective is to safeguard the Fed’s operational autonomy (which I deem vital), then he should resign,” El-Erian said in a morning post on X. El-Erian, also president of Queen’s College at Cambridge University, said he was aware that his view did not align with what he saw as Wall Street consensus that wants Powell to serve out the remainder of his term as chairman, which ends in May 2026. The former co-chief investment officer at Pimco acknowledged, however, that Powell’s resignation would not be a “first best” outcome. But El-Erian said Powell stepping down would be better than the current scenario, in which he said the Fed is facing “growing and broadening threats” to its independence. El-Erian said these threats would likely only increase if Powell remained Fed chair. El-Erian referenced Treasury Secretary Scott Bessent’s statement that the Fed had suffered from “mission creep” into areas outside of its core monetary policy responsibilities. Bessent told CNBC on Monday that “the entire” Fed should undergo a review. https://www.cnbc.com/2025/07/22/mohamed-el-erian-says-powell-should-resign-to-preserve-fed-independence.html

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Pay for your own Ding Dongs.

MEANWHILE: In the Epstein Thread.

Another.

#Fire Boone

Confirmed Hoax

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WaPo Pulitzer Prize Winning Journo Calls New Russia-gate Document Dump 'Jaw-Dropping' We've been yelling for years that the whole 'Trump-Russia collusion' nonsense was a Deep State setup cooked up by Obama, Hillary, and their intel goons to kneecap a president they couldn't beat fair and square. Now, even a Pulitzer Prize-winning former Washington Post investigative reporter – yeah, from the swamp's favorite rag – is admitting it's 'slam-dunk evidence of a conspiracy.' https://twitchy.com/samj/2025/07/21/even-wapo-pulitzer-prize-winning-jouno-has-to-admit-new-russia-hoax-dump-a-slam-dunk-of-evidence-n2415976

Explaining Russiagate: Why the December 9th, 2016 Meeting Mattered: It’s not just what the Intelligence Community planned to say about Russian interference, it’s who would have seen the text. MATT TAIBBI In between all this, an important detail is being lost. Democrats are hammering an “apples and oranges” argument, saying documents showing intelligence officials planned a Presidential Daily Briefing on December 9th, 2016 that would say “Foreign adversaries did not use cyberattacks on election infrastructure to alter the US Presidential election outcome” and “We have no evidence of cyber manipulation of election infrastructure intended to alter results” were meaningless. As Himes put it, the fact that “Russians could not use cyber tools to mess with the voting infrastructure, the machines that tally our votes” was “true then, and it is true now.” Two things about this statement, disingenuous in multiple ways: One is a crucial fact left out of Saturday’s Racket article on the DNI releases. Had the intelligence community gone forward with a Presidential Daily Briefing that said Russia had not attacked infrastructure in a way “intended to alter results,” it would have been seen by a key audience: Donald Trump. Presidents-elect are entitled to read Presidential Daily Briefings. During the transition, Trump’s National Security Adviser Michael Flynn was already being read in, and would have seen the planned December 9th text downplaying Russian interference. “I would have seen it,” Flynn says now. “I was reading the PDBs at that point.” Asked yesterday if he thought that might have been a reason for holding the planned draft, Flynn said, “Very likely.” Second, the notion that Russia interfered with actual vote tallies was no fringe conspiracy theory then. It was widely believed by Democratic voters. This was almost certainly a consequence of a two stage process that began with the flood of news stories based on leaks from intelligence sources beginning on December 9th, 2016. These not only alleged Russia interfered to help Donald Trump in an abrupt about-face from pre-election stories, but focused heavily on Russian hacking. Within a week — by December 16th, 2016 — Hillary Clinton was publicly calling the election “unfair, not free, illegitimate,” adding, “Vladimir Putin himself directed the covert cyberattacks against our electoral system, against our democracy, apparently because he has a personal beef against me.” . . . Notwithstanding either the Himes comments (“This is Epstein all over again”) or Trump’s apocalyptic Guy Fawkes-themed Truth Social post, the meeting on December 9th that switched out a tepid PDB for a dramatic narrative about Russian interference to help Trump was hugely meaningful. It positioned Steele Dossier conclusions as mainstream news, set up Trump to be investigated by his own incoming FBI Director, and made sure the incoming administration did not see dissenting intelligence about Russian meddling. https://www.racket.news/p/explaining-russiagate-why-the-december? It was all bull####, and all the key figures knew it was from the beginning. .

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Never argue with nuns.

After Six Months, Let's Look At The Lefty Prophets Of Doom Vs. Reality Duane Patterson It's hard to believe, because of all the winning, but six months of the second term of President Donald Trump is in the books. As soon as the election results were clear last November 5th, the doomsaying on the left kicked into high gear, and for the most part, has not wavered in forecasting cataclysm to follow. Except a funny thing happened. The doom loop guaranteed with certainty by the soothsayers and political analysts on the left has just not materialized. Three days before the election, Vice-President Kamala Harris predicted that if Trump were to win, and after this first six months, thank Almighty God he did, we'd be in a recession by the middle of the following year, meaning now. When Trump began imposing the tariffs in March, Democrats in both Houses of Congress began to forecast economic doom ahead. Here's Delaware Senator Chris *****, the same Biden 2024 co-chair that had no idea Joe Biden's mental faculties had fallen further and faster than the Dow. Chuck Schumer in the Senate and Hakeem Jeffries in the House both tried to make 'Trump slump' go viral. Maybe if they would have been caught on a kiss cam at a Coldplay concert, they could have had that moment. Instead, we had weeks and weeks of Resistance media clips like this one featuring Brendan Boyle of Pennsylvania, wishcasting a recession for which they could blame the President. Inflation is in the mid-2's. Unemployment is holding steady at 4.1%. Private sector jobs are increasing while federal jobs are decreasing. GDP estimates for Q2 are around 2.4%, hardly a recession. What instead has taken place are trade deals with the United Kingdom, China, Vietnam, Indonesia, and India right around the corner, all of them reducing barriers to entry for U.S. goods in their markets, while raising revenue on goods coming into the United States. That tariff revenue has already exceeded $100 billion, and is already being used to help offset the deficit. In short, the Trump recession never happened, and virtually no one, outside of the doomsayers on the left, are talking about the country entering a recession this year any longer. MUCH MORE at the link: https://hotair.com/generalissimo/2025/07/21/after-six-months-lets-look-at-the-lefts-trump-prediction-scorecard-n3804976 .

ANYONE SURPRISED ?

There's that Iron Law of Leftist Projection again