Feedback From Mulfish

I received an email in response to the previous post from my friend Michael Mulford, a Republican, tonight. If you are wondering how I could possibly have a friend who is a Republican, the answer is that my Mother was a Republican, “God bless her heart”, as we say here down South. When we would talk politics my father would say, “Argue, argue, argue, that’s all you two do.” Mother responded with, “We’re not arguing, Ronald. We are having a heated discussion!”

Michael Mulford
To:Michael Bacon

Sat, Mar 21 at 9:22 PM

“Actually, four Senators are known to have engaged in this behavior, not just these two. One of them has called for an ethics investigation into their actions. One of the four is a Democrat.

I’ve heard that members of Congress are exempt from the insider trading legislation (I don’t know if that is true) and that the holdings are in blind trusts. But I’ve also heard that the husbands do have some measure of control over those trusts.

By any account, this smells and ought to be thoroughly investigated. And if the GOP wants to hold the GA Senate seat, they would do well to nominate someone else.”

Thought I would share the answer with you. Please read the entire article as this is only an excerpt taken from the article:

Update: Several readers have asked about the other senators who sold stock during the same period, including Dianne Feinstein (a California Democrat), James Inhofe (an Oklahoma Republican) and Ron Johnson (a Wisconsin Republican). But none of their trades look particularly suspicious.

Feinstein has said that she did not attend the Jan. 24 briefing; her stock was in a blind trust, which means she didn’t make the decision to sell; and the transaction lost her money, because the trust was selling shares of a biotechnology stock, the value of which has since risen. Inhofe’s transactions were part of a systematic selling of stocks that he started after he became chairman of the Armed Services Committee. Johnson sold stock in his family’s plastic business, as part of a process that has been occurring for months; his sale also occurred well after stock market began falling.

Jeff Blehar of National Review has a helpful summary on Twitter, in which he argues Burr’s transactions are the worst.

Loeffler, who is extremely wealthy and married to the chairman of the New York Stock Exchange, frequently sells stock and has said “multiple third-party advisors” — not her or her husband — made the decision to sell shares in January and in February.

(I must interject here to print something the Mulfish must have missed in the previous post:

“Ms. Loeffler, who also sits on the Health Committee, is in a similarly sticky situation. On the very day of the committee’s coronavirus briefing, she began her own stock sell-off, as originally reported by The Daily Beast. Over the next three weeks, she shed between $1,275,000 and $3.1 million worth of stock, much of it jointly owned with her husband, who is the chairman of the New York Stock Exchange. Of Ms. Loeffler’s 29 transactions, 27 were sales. One of her two purchases was of a technology company that provides teleworking software. That stock has appreciated in recent weeks, as so many companies have ordered employees to work from home.”

Only a Republican would believe those trading stocks for the Loeffler’s “just happened” to make trades of this nature without being tipped off. If you do believe the woman then please get in touch with me IMMEDIATELY because I have a great deal for you on some swamp land in Florida.)

 

The notion that Feinstein or Johnson did something unethical, Belhar wrote, is “flat wrong.” Don Moynihan of Georgetown University agrees.

Burr’s response on Friday morning was not strong. He said that he relied on only “public news reports” about the crisis, like CNBC’s reporting from Asia, a claim that’s impossible to verify. He also said he had asked the Senate Ethics Committee to open “a complete review.”

For more …

Tucker Carlson, Fox News:

[Burr] had inside information about what could happen to our country, which is now happening, but he didn’t warn the public. He didn’t give a prime-time address. He didn’t go on television to sound the alarm. He didn’t even disavow an op-ed he’d written just 10 days before claiming America was ‘better prepared than ever’ for coronavirus. He didn’t do any of those things. Instead, what did he do? He dumped his shares in hotel stocks so he wouldn’t lose money, and then he stayed silent. Now maybe there’s an honest explanation for what he did. If there is, he should share it with the rest of us immediately. Otherwise, he must resign from the Senate …

Molly Knight: “Richard Burr should not hold government office by Monday. He needs to resign today.”

David French, The Dispatch: “The potential insider trading is dreadful and possibly criminal, but what could elevate this to a historic scandal is the idea that senators may have known enough to be alarmed for themselves yet still projected rosy scenarios to the public AND failed to make sure we were ready.”

David Frum of The Atlantic wants to know who else may have sold stock: “What did the Trump family sell, and when did they sell it?”

The Times editorial board argued in December that “members of Congress should not be allowed to buy and sell stocks, or to serve on corporate boards.”

In 2012, Robert Reich notes, Burr was one of only a small number of members to vote against a law that barred them for trading on inside information.

 

 

 

 

 

 

 

The Drumbeats of War are Growing Louder

‘The Military Has Seen the Writing on the Wall’

The United States is preparing for a war with North Korea that it hopes never to have to fight, says Senator Tammy Duckworth.

Uri Friedman Jan 28, 2018

When Senator Tammy Duckworth returned from a recent trip to South Korea and Japan, she brought back a sobering message: “Americans simply are not in touch with just how close we are to war on the Korean peninsula.” In a speech at Georgetown University, she laid out the U.S. military maneuvers over the past several months—including a nuclear-powered submarine heading to South Korea, the movement of three aircraft carriers to the Western Pacific, and the Army testing out “mobilization centers” for deploying troops and training soldiers to fight in tunnels like those beneath North Korea—that inform this worry. In an interview with me, she said the U.S. military seems to be operating with the attitude that a conflict “‘will probably happen, and we better be ready to go.’”

Duckworth, a retired lieutenant colonel who lost her legs during the Iraq War when insurgents downed her helicopter, took the trip along with Ruben Gallego, a Democratic congressman from Arizona and a fellow Iraq War veteran, earlier this month. The two met with top South Korean and Japanese diplomats and defense officials as well as commanders of U.S. forces in South Korea. Duckworth said that she found “all three of the major military actors—American, Korean, and Japanese—…more ready [for war] than they’ve ever been.”

The drums of war are not booming; there have been no major U.S. military movements or public-messaging campaigns by the Trump administration or new advisories to American civilians or companies, for instance. And Duckworth thinks there are ways the country should be more prepared—in particular that Congress should create a dedicated stream of funding for U.S. forces to rehearse and carry out evacuations of non-combatants in the event of a conflict.

But, as Duckworth sees it, the drumbeats are growing louder—even as the administration has stayed comparatively silent about what war would look like and whether the benefits would warrant the costs.

“We have some great plans should, as we say, ‘the balloon go up’ in Korea,” Gallego, a former Marine, told me. “I know what happens with plans when the first bullet goes flying. … What I fear is that someone like Donald Trump

will look at these great plans, look at our great military, which it is, look at their great capability, which we have, and not understand that these are not superhumans—that if we do something wrong, we will potentially kill hundreds of thousands of people, including some of our own troops, and potentially disrupt a good portion of the world’s economy for years to come.” And that’s considering only the early stages of battle and assuming the conflict doesn’t go nuclear.

“You’re basing policy and military action on hopes instead of on reality and sound reasoning,” Gallego said. “Does this sound familiar? For me it does, as somebody who ended up serving on the front lines of the Iraq War, where I was supposed to be greeted as a liberator. Instead I basically got shot at every day.”

Robert Neller, the commandant of the U.S. Marine Corps, acknowledged the limitations of military plans during an appearance at the Center for Strategic and International Studies on Thursday. “If [a U.S. conflict with North Korea] were to go down, I’m not now so sure it’s going to go down the way we planned. It never does,” he said.

As the World War I historian Margaret MacMillan told me not long ago, “Once you get into a countdown situation, once people begin to think of war as likely, then it becomes that much more likely”—whether as a result of deliberate decisions, tragic miscalculation, or mere mistake.

https://www.theatlantic.com/international/archive/2018/01/duckworth-trump-north-korea/551381/

Masters Of War

Written by: Bob Dylan

Come you masters of war

You that build all the guns

You that build the death planes

You that build the big bombs

You that hide behind walls

You that hide behind desks

I just want you to know

I can see through your masks

You that never done nothin’

But build to destroy

You play with my world

Like it’s your little toy

You put a gun in my hand

And you hide from my eyes

And you turn and run farther

When the fast bullets fly

Like Judas of old

You lie and deceive

A world war can be won

You want me to believe

But I see through your eyes

And I see through your brain

Like I see through the water

That runs down my drain

You fasten the triggers

For the others to fire

Then you set back and watch

When the death count gets higher

You hide in your mansion

As young people’s blood

Flows out of their bodies

And is buried in the mud

You’ve thrown the worst fear

That can ever be hurled

Fear to bring children

Into the world

For threatening my baby

Unborn and unnamed

You ain’t worth the blood

That runs in your veins

How much do I know

To talk out of turn

You might say that I’m young

You might say I’m unlearned

But there’s one thing I know

Though I’m younger than you

Even Jesus would never

Forgive what you do

Let me ask you one question

Is your money that good

Will it buy you forgiveness

Do you think that it could

I think you will find

When your death takes its toll

All the money you made

Will never buy back your soul

And I hope that you die

And your death’ll come soon

I will follow your casket

In the pale afternoon

And I’ll watch while you’re lowered

Down to your deathbed

And I’ll stand o’er your grave

’Til I’m sure that you’re dead

Copyright

© 1963 by Warner Bros. Inc.; renewed 1991 by Special Rider Music