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Thomas Pope 
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Recent Comments

Re: “Trump lessons

Trump is fighting three adversaries: a Washington DC establishment dominated by the Democratic Party that includes liberal members of the Republican Party, such as Paul Ryan and Mitch McConnell, the last remaining vestiges of the 60 vote cloture requirement to bring legislation to the floor of the Senate, and the very conservative House Freedom Caucus. In light of those obstacles it's a major accomplishment that the House was able to pass the American Healthcare Act. And there is a growing interest by House members that Trump's tax reform plan will be considered this year as well. I would imagine the most recent worrisome jobs report will bring a number of Republicans around on this issue.

Of course the biggest obstacle to reforming Obamacare and resuming useful health insurance policy availability to the middle class is in the Senate with its cloture vote and slim Republican majority. But the fact that Obamacare policies have become worthless to the middle class because they cannot afford the premium and deductible costs before insurance begins to cover their health care needs should be a very important consideration when the AHCA comes to the floor of the Senate. Right now only low income policy holders who are subsidized by government payments to insurance companies are able to use their policies without excessive out of pocket costs - typical socialism to say the least.

As far as Trump having a problem with the courts over the constitutionality of suspending immigrants on religious grounds or federal law, it's a non issue. The congress gave 100 percent authority over immigration to the president, delegating their ability to suspend the entry of any alien into the country.

The law states that if "the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate." Trump's real problem with the courts then is the totally politically partisan 9th and 4th Circuit judiciaries.

Dumas shows a very common misunderstanding of the Middle East quagmire from the US perspective - probably because of the continual stream of misinformation broadcast from the networks. The most important US objective in achieving the goal of a peaceful region is the prevention of the establishment of a Caliphate, whether Sunni or Shiite. And although Sunnis are on both sides of the establishment of a Caliphate issue, Shiites are not. A Caliphate by definition is the establishment of a Sharia Law Arab Republic that erases borders throughout the region, dismantles Israel and spreads Islam worldwide.

Bin Laden's Al-Qaeda, who had declared war in his fatwa on the Saudi royal family and the US was the first Sunni attempt to overthrow Saudi Arabia and set up a Caliphate that would rid the land of infidels and usher in an era of Islamic peace and tranquility - in their words. So to argue that because the 911 terrorists were all from Saudi Arabia makes that country an American adversary is misleading. The fact is the 911 terrorists were all at war with Saudi Arabia over the presence of US military bases and the US-Saudi alliance.

The second attempt to establish a Caliphate, which was prevented by Operation Iraqi Freedom came from Saddam Hussein who was attempting to set up a Sunni Babylonian Caliphate. Saddam had previously attacked Kuwait for that purpose and even though he was defeated by the US in Kuwait he still had his sights set on the conquering Saudi Arabia. Bush may have cited mass destruction weapons as his motivation but it's becoming obvious another important purpose was the prevention of a Caliphate. And Saddam could have very easily resumed his nuclear programs after the inspectors left.

So the third and most volatile attempt to set up a Caliphate is the one currently underway in Syria for the establishment of Shiite Caliphate. So it's not just in America's interest to fight ISIS as Trump has ordered but will ultimately involve the long anticipated conflict with Iran who now has the support of Russian military that was allowed into the region through a major strategic error by president Obama.

So while Dumas is concerned that peace is slipping away because of Trump's hard line against the nuclear deal with Iran and his anti Iranian rhetoric the only lasting solution for a peaceful Middle East is for Trump to prevent the establishment of an Iranian Shiite or ISIS Sunni Caliphate in Syria. A prevention that would require the defeat of both ISIS and Iran in Syria and Southern Iraq. In war, alliances change, sometimes slowly, sometimes instantaneously. The US might have to ally with anti-Syrian rebels for a time and then oppose them. But the fact that Trump campaigned only to defeat ISIS in the Middle East and its terrorist activities in western nations should in no way deter him from recognizing the last remaining threat to a peaceful Middle East is mainly Iran and their attempt to set up a Shiite Syrian Caliphate. That would be the hallmark of an effective and evolving foreign policy, not an incompetent one.

Posted by Thomas Pope on 06/06/2017 at 5:49 PM

Re: “Virgil, quick come see

Mitch Landrieu, the Arkansas Times, liberals et al. may think they're being great social reformers but removing the confederate statues in New Orleans and other southern cities is just another provocation in the escalation of a major civil conflict. A conflict that has the potential to explode in the coming era of hyper inflation of the dollar, driven by Federal Reserve's Quantitative Easing policies to keep a weak Obama economy afloat that ushers in the Second Great Depression.

Quantitative Easing is also known as currency debasement and in colloquial speech as the Banana Republic. However in this instance the Banana Republic is not a country, rather a scheme. A scheme between the elites of government and finance to artificially pump up the stock markets. In this case, the election of president Barack Obama and his reappointment of Federal Reserve Chairman Ben Bernanke resulted in policies to print money in the declining 2010 economy. The Fed became the largest purchaser of US government debt and thereby was able to set bond rates at such low levels that investors fled the bond market for the stock markets and higher returns.

Bernanke actually explained these reasons for implementing the 3 rounds of Quantitative Easing in an interview with the Wall Street Journal late last year that has effectively swelled the Fed's balance sheet to 4.5 trillion. The first round of QE to bailout the financial system from the deep slide of 2008 was paid back by the corporations who borrowed the money. But ironically, the US federal government will never be able to reclaim the bonds the Fed purchased to keep Obama afloat.

The Fed says it's trying to figure out how best to whittle down its huge balance sheet but the QE dollars which have been deposited in commercial bank accounts at the Fed will have to enter the financial system. Whether it's done slowly or quickly the dollar is at least 30% hyper inflated. That's enough to trigger a major depression.

As the scheme progresses a huge asset bubble emerges in the stock markets. By some estimates the DOW, S&P 500 and the NASDAQ are already at their highest values in history. But the economy isn't being driven by business earnings rather by printed money. As the markets approach peak levels, the elites begin to slowly transfer their assets from stocks to safer investments and precious metals. That's where we are right now. The IMF has just recently added additional currencies for international trade and is slowly selling their dollars and preparing to dump their dollar debt in mass once the inflation begins. Once the elites are safely out of the shaky markets with their profits and the crash begins the loses are assigned to the people in the form of hyper inflation and unemployment.

But back to the attack on confederate monuments. To the average person mass media may seem Innocuous but in the real world it's a very powerful force that has the capacity to shape people's ideas, opinions, behaviors and political activities. Essentially, for around 60 years, America's corrupted networks, Hollywood studios, entertainment companies, and liberal academia and print media have been scripting a conflict over a false racial narrative with their programming, films and news, the issues of political correctness and now the election of Donald Trump.

So the real reason for driving this false racial narrative being scripted by mass media is actually an attack on the people of this country who celebrate southern culture and heritage and are proud of being white. The confederate monument angle and that they represent a horrible episode of slavery is just a pretext to provoke a civil conflict. Actually, the conflict has already began in certain high octane political localities such as Berkeley, CA where Antifa followers clashed violently with Trump supporters. All that is necessary for the conflict to spread nationwide is for the coming hyper inflation depression to begin.

This scenario isn't without precedent either. In 1920s Weimar Germany journalism was dominated by Vanguard socialists just like liberals and socialists dominate journalism and broadcasting in this era. Vanguards provoked a conflict with nationalists Germans over the provisions of the Treaty of Versailles and German nationalism. That provocation, which coincided with the hyper inflation of the Reichsmark in the 1930s Great Depression caused a dispirited German population in part to throw their support behind a small band of National Socialists who eventually took over the country.

Landrieu and the Arkansas Times and millions of other liberals can incorrectly depict the purpose of erecting the confederate monuments or what they represent to people to condemn their opponents who don't delight in the defamation of southern culture and heritage and white people if they want. But it's nothing less than their own agenda of bigotry and hatred they so frequently accuse others of having. And it is an agenda of provocation that is leading to a very violent civil conflict in the greatest depression in US history.

3 likes, 4 dislikes
Posted by Thomas Pope on 06/04/2017 at 5:59 PM

Re: “Fake economics

Trump economic proposals:
Rates for Married-Joint filers:
Less than $75,000: 12%
More than $75,000 but less than $225,000: 25%
More than $225,000: 33%

corporate and business tax rate: 15% (very competitive with many trading partners)

Repatriated corporate cash reserves: 15%

Not much different from GW Bush's tax cut plan that reversed an economy in free fall and restored full employment; until Clinton's subprime loan fiasco knocked the economy into recession. A lot of the deficit increase or decrease will depend on how many deductions the congress will rescind, and how well they can rein in incremental budgeting by the agencies.

Proposed tariffs on Mexican goods: 35%. Not a good idea at this time. Would cause a major retaliation from Mexico resulting in considerable loss of jobs due to slowdown in exports. Would be better to wait and see how much effect reducing corporate and businesses taxes has on job offshoring and encouraging American companies to return to the US.

Repeal and replace Obamacare: Puts an end to the practice of part time job creation to avoid providing insurance for employees. Replaces OC with the Bush plan of medical savings accounts, catastrophic hospitalization plans, purchasing insurance policies across state lines.

Other regulatory reform can be expected to boost economic growth as well.

The Brownback plan would boost the Kansas economy but he should offset cuts to education with tuition vouchers.

With GDP growth around 1.5% annually and the Labor Force Participation Rate at 62.5% the US has no choice but to drop a government spending approach to driving the economy and return to some form of Reaganomics to achieve the 3 to 4% growth annually Trump has promised.

0 likes, 1 dislike
Posted by Thomas Pope on 12/05/2016 at 1:45 AM

Re: “Fake economics

The California economy, and every other state economy are only still barely growing because 3 rounds of Federal Reserve Quantitative Easing that expanded the US money supply 4.5 trillion or 30% forced investors to flee low bond rates and invest in the stock markets.

But Obama's Keynesian stimulus package was only capable of generating 2 years of growth and jobs - by 2010 the economy was sinking again, prompting the Fed to intervene with QE. Fortunately, the companies who received bailout funds were able to repay the approximately 2 trillion in printed dollars loans. But the economy is mainly being fueled by printed money not business earnings and the stock markets are at all time highs.

Trump's anticipated tax cuts and regulatory reform has boosted the markets to new highs but at some point, after the dust has settled there is going to be an awareness on Wall Street whether the markets are over or under valued. It's very likely the markets are extremely over valued and there will be a correction.

However, unlike the first round of Federal Reserve money printing to stabilize investment banks and certain corporations the 4.5 trillion in new money printed money hasn't been disposed of. It's been placed in the Fed's commercial banks accounts. The Fed hasn't been able to raise interest rates to sell the debt for fear of shutting down the recovery completely.

In the next market crash/liquidity crisis with commercial banks accessing the funds to pay off depositors all of that currency pouring into the economy could very reignite inflation hampering any efforts to quickly reverse the crash. If IMF nations begin to dump their dollar debt the currency will become worthless paper and the Second Great Depression will begin. If there is a war it will be worse.

So the question is, do we want to continue trying to grow the US economy with a very weak government spending model, averaging less than 2% growth that led to a return to massive money printing and currency debasement. Or, do we want to switch to the Classical economic approach known as Reaganomics that has proven to average much higher growth rates, generally around 4% for 5 to 7 years. This is about as real economics as you'll hear anywhere.

0 likes, 1 dislike
Posted by Thomas Pope on 12/03/2016 at 4:57 PM

Re: “Privacy hurts

Hillary's dementia and Parkinsons-like symptoms would be a definite detractor from her performance as president. Not many people are buying the non-contagious pneumonia claim - too convenient.

But it's her megalomaniac, delusions of elitist nobility neurosis that would doom her to failure in the White House. Hillary fancies herself as an Renaissance Queen, complete with an elaborate wardrobe and hair dresser staff.

Secret Service description of Hillary's attitude toward her administrative staff reveals she demands they display behaviors similar to ancient emperor worship. When she enters the office's public spaces people are expected to retreat out of her sight and absolutely cannot approach her or speak to her about any issue without being severely chastised.

Hillary is known to explode into bouts of anger when she doesn't get her way, cursing and threatening people like they were her serfs.

Hillary's physical health is questionable but her mental health is indicative of a long term chronic Obsessive Compulsive Neurotic, severely depressed, angry and narcissistic.

2 likes, 1 dislike
Posted by Thomas Pope on 09/15/2016 at 4:36 PM

Re: “Fact check

Many thousands of illegal immigrants have enrolled in Obamacare but have yet to provide proof of citizenship.

Under the provisions of the the ACA, seniors who aren’t eligible for Medicare – including immigrants – can purchase guaranteed-issue private health insurance in the exchanges, and can receive premium tax credits to offset the cost if their income is under 400 percent of the poverty level.

Legislators in California have passed a measure that would use an Affordable Care Act loophole to open its Obamacare Exchanges to undocumented immigrants.

If an amnesty were enacted it would be a never ending effort to change current waiting periods for legal immigrants to provide former illegals with government subsidized benefits - no matter how much it adds to the deficit.

So it's not period.

1 like, 1 dislike
Posted by Thomas Pope on 09/15/2016 at 4:13 PM

Re: “Trump slips

No, the question is; how much of her term will Clinton serve before the Obama Clinton economic meltdown begins and ushers in the Second Great Depression?

Clinton's economic policies are not much different than Obama's and might generate 2 years growth, similar to Obama's stimulus package. But the problem is the Federal Reserve had to begin Quantitative Easing or money printing in 2010 to keep Obama afloat.

Now the Fed's balances are swollen to 4.5 trillion, an increase of 30% of the money supply.

Presently the stock markets are in a bubble because of printed money - not business earnings and the economy is averaging only 1% growth annually. Once the markets begin their correction there are no tools left to the Fed to reverse a crash without printing more dollars and hyper inflating the currency.

Wall Street investment banks are shifting to precious metals and commodities for security because they know the markets could easily fall 70 to 80% in the next crash. The Dodd Frank Act has turned the US into a Banana Republic and the elites are preparing to escape with huge profits and leave the loses to the American people.

With 50% of Americans unemployed, massive poverty, homelessness, hunger and chaos spreading; how long would it be before a revolt of the people compelled Ms Clinton to resign?

3 likes, 3 dislikes
Posted by Thomas Pope on 08/08/2016 at 1:58 PM

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