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How George H.W. Bush’s broken ‘no new taxes’ pledge changed American politics and policy forever

“The ghost of the broken “no new taxes” pledge also hovered over the Obama administration” writes Ap Photo Scott for washingtonexaminer.com. In the wake of the election, conservatives such as Rush Limbaugh and anti-tax crusader Gover Norquist made the case that the broken tax pledge cost Bush the presidency.In 1988, George H.W. Bush stood before delegates to the Republican National Convention and vowed: “Read my lips: no new taxes.”. At an earlier point in his political career, he advocated tax increases.In more colorful language, Norquist has said, “Republican elected officials…

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Three killed, 7 wounded after US citizen leads Border Patrol in vehicle chase

“PST Thursday, Border Patrol agents making rounds near the international boundary noticed tire tracks from multiple vehicles” reports washingtonexaminer.com. Three people died and seven were seriously injured following a vehicle chase with U.S. Border Patrol agents that ended in a crash south of San Diego, Calif., Thursday afternoon, according to Customs and Border Protection. Source: washingtonexaminer.com Share This:

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Lt. Gen. Frank McKenzie made the rounds on Capitol Hill this week as he prepares to take command of U.S. wars in the Middle East and Afghanistan.

“He is likely to face questions about the new year-old Afghanistan strategy and other grinding conflicts such as Syria” reports washingtonexaminer.com. Senators are considering McKenzie, who previously led all Marines under the command, amid more grim news from Afghanistan, America’s longest war.Frank McKenzie made the rounds on Capitol Hill this week as he prepares to take command of U.S. wars in the Middle East and Afghanistan.In between those assignments, McKenzie directed strategy and policy at CENTCOM and the Joint Chiefs of Staff. Source: washingtonexaminer.com Share This:

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President Trump’s threats toward General Motors over its move to shutter plants threaten to undermine the advancement of electric vehicles and stymie congressional efforts to help the industry.

“John Barrasso, R-Wyo., chairman of the Senate Environment and Public Works Committee, has proposed legislation to end the electric vehicle tax credit” reports washingtonexaminer.com. Paul Tonko, D-N.Y., called for his colleagues to extend or expand the federal electric vehicle tax credit, saying that improving the subsidy would be the “biggest driver” of more electric vehicle adoption. Source: washingtonexaminer.com Share This:

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World waits to see if Trump-Xi dinner brings trade peace

“Earlier that day, Trump signed a revamped three-way trade deal with Canada and Mexico, fulfilling a longstanding pledge, though the agreement could face headwinds in Congress” writes The Associated Press for seattletimes.com. Facing criticism that he’d gone soft on China, Trump backed away from Mnuchin’s deal and decided to proceed with tariffs.Kudlow added that if the U.S. doesn’t get “satisfactory” responses to its trade positions more tariffs will be imposed.The United States and China are locked in a dispute over their trade imbalance and Beijing’s push to challenge American technological…

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Crypto News 

Bitcoin has lost most of its value this year

“O 2017 the price of bitcoin on CoinMarketCap, a cryptocurrency exchange, neared $20,000” writes The Economist for economist.com. On November 8th the charged the founder of EtherDelta, a cryptocurrency exchange, with running an unregistered securities exchange.One analyst at a Danish investment bank predicted bitcoin could be worth $100,000 by the end of 2018.Smartereum, a cryptocurrency website, is earnestly discussing whether bitcoin could rebound to $50,000—or even $100,000—before the year is out.Most fundamentally, bitcoin is still far from its notional goal of becoming a digital alternative to ordinary money. Source: economist.com Share…

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Trump, China’s Xi poised for high-stakes summit over trade war

“Trump has long railed against China’s trade surplus with the United States and Washington accuses Beijing of not playing fairly on trade” writes Midwest Communications Inc for 95kqds.com. BUENOS AIRES (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping will wrap up a global summit on Saturday with high-stakes talks expected to determine whether they can begin defusing a damaging trade war between the world’s two biggest economies.The meeting will also be a test of the personal chemistry between the two leaders, which Trump has hailed as a…

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Hate Crimes Hotline Headline Is Wrong

“A popular website that spreads misinformation and conspiracy theories has twisted old news about a hate crimes hotline to create a bogus, anti-Muslim headline” writes Saranac Hale Spencer for factcheck.org. In June 2017, Minneapolis opened a new hotline for reporting hate crimes.After publishing the story, News Punch changed its headline to say: “Minneapolis Installs ‘Sharia’ Hotline to Report ‘Hate Speech’ About Islam.” It’s still not true that it’s a “‘Sharia’ hotline,” and it isn’t true that the hotline is solely for reporting “‘hate speech’ about Islam.” Instead, it is for…

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House race in limbo after North Carolina voter fraud claims

“But the validity of hundreds of mail-in absentee ballots from a rural county has been called into question, the elections board said on Twitter” writes Midwest Communications Inc for 95kqds.com. (Reuters) – North Carolina’s board of elections on Friday declined to certify Republican Mark Harris’ apparent victory in a U.S. House of Representatives race, calling instead for a public hearing to investigate claims of voter fraud and irregularities.It is the second time in as many years the board has considered voter fraud accusations in Bladen County, with charges after the…

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