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“It’s Time To Pay”: Democrat Voters Demand Fulfillment Of Past Promises From Reparations To Sanctuary Cities

“It’s Time To Pay”: Democrat Voters Demand Fulfillment Of Past Promises From Reparations To Sanctuary Cities

Authored by Jonathan Turley,

Below is my column on the conflict in Democratic states over the fulfillment of prior political pledges from reparations to sanctuary cities. Democratic states like California cannot blame the opposing party for a failure to fulfill the pledge for cash reparations. That leaves them in a bind.

Small payments will belittle a commitment that was called a civic duty and moral imperative.

After years of campaigning on the issue, expectations are high and tensions appear to be rising.

Here is the column:

“It’s time to pay.” Those four words from Rep. Cori Bush (D., Mo.) are being heard a lot by Democratic politicians across the country this month. For Bush, the debt amounts to $14 trillion for reparations for every black American.

In California, activists are demanding as much as $5 million per black resident and asking Gov. Gavin Newsomwhere’s the money.”

One member of Newsom’s Reparations Task Force demanded that the state pay its “sin bill.”

In New York and Chicago, mayors are balking at towering costs of migrants being shipping from the border to their “sanctuary” cities.

In Tampa, after demanding $3 million per black resident, a witness said that he and others were putting “white people on notice that we want our reparations.” Bills are coming due after years of political campaigning on these issues.

Reparations and sanctuary cities have long been the bread and butter of identity politics. For years, Democratic politicians have campaigned on these “moral imperatives” in passing sanctuary laws and setting up reparation task forces.  It is the equivalent of a compounding interest on credit card debt. Each election Democrats used these issues for short-term political gains. Now those bills are coming due and Democratic leaders are balking.

President Joe Biden and Congress are in a potentially lethal game of chicken over the looming default over our debt. It would not seem an ideal time to demand an additional $14 trillion, but Bush declared “Black people in our country cannot wait any longer.” She was joined by members like Reps. Barbara Lee, Jamaal Bowman and Rashida Tlaib.

It is a view being voiced across the country by black citizens who were told that these payments are an undeniable moral obligation. The years of politicking on the issue have created a sense of entitlement to large cash payments. As one well-known California activist declared: “It’s a debt that’s owed, we worked for free. We’re not asking; we’re telling you.”

Gov. Newsom recently balked at the payment of the reparations recommended by his own task force, though he has indicated that some cash payments may still be made. Newsom attempted the long-expected pivot and said, rather plaintively, that dealing with the legacy of slavery “is about much more than cash payments.” It may be too late for that spin. Recent polling shows 77 percent of Black Americans now support reparations–a stark increase in recent years.

Task Force member Rev. Amos Brown said that they will not accept any excuses and that the state has to commit to the full amount and, if needed, “pay it over installments.”

Mario Cuomo famously said that politicians campaign in poetry, but they govern in prose. However, the “prose” of many Democratic leaders is not winning any prizes.

While many have denounced the busing of migrants to sanctuary cities, most privately admit that there is an element of poetic justice.  For years, these cities have told undocumented migrants that they are welcome to come to their cities where they would be protected. Then they showed up. It was a political version of “Look Whose Coming to Dinner,” the movie about a liberal couple who are confronted with a visit of their daughter and her black fiancé.

The single most riveting moment came at Martha’s Vineyard where residents came out to clap and wave to the migrants . . . as they were shipped to a military base off the island.  New York City has been shipping migrants to other cities, which are going to court to stop the relocation. Many of these towns point out that, unlike New York City, they have never declared themselves a sanctuary for undocumented persons.

Even though these cities have been sent a fraction of the influx of states like Texas, mayors in sanctuary cities like Chicago have expressed outage.

As with those expecting reparations, these migrants are understandably confused. They were told that Chicago was a “ciudad santuario.” Chicago reaffirmed this status in 2022 when it extended protections and benefits. At the time, politicians scrambled for cameras to declare, as did Alderwoman Rossana Rodríguez, that Chicago must be “a welcoming city for immigrants” and reaffirmed that “our city is responsible for acting with solidarity towards the people that are the most marginalized and the most impacted by a system that oppresses them.”

Then they showed up in greater numbers and the former Mayor Lori Lightfoot demanded that the migrants be sent elsewhere or kept in border towns overwhelmed by far greater numbers of migrants.

In some cases, there is no alternative but to try to quietly abandon prior campaigns that generated acclaim nationally and caused serious damage locally. For example, some of us criticized cities like San Francisco for declaring a boycott of states which did not adhere to their views on issues like transgender rights. I noted at the time that the boycott would cost the city dearly in cutting off 22 states by driving up costs. It did and the city quietly rescinded the boycott after losing millions. While the media paid far less attention to the rescission than the original decision, other reversals have come at a greater political cost on the left.

For example, cities that led efforts to defund the police are now refunding the police after soaring crime rates and high-levels of police retirements and resignations. 

Activists in cities like Los Angeles called it a “slap in the face” given years of promises from Democratic politicians.

In the meantime, Newsom’s task force has demanded an assortment of other changes, including eliminating cash bail, abandoning the prosecution of certain crimes, subsidizing home purchases for black residents, and guaranteeing a “right to return” by taking over development projects to guarantee black housing ownership. Some of those reforms can be finessed by politicians, but there is no spin that will obscure the absence of a cash payment.

These are the creditors of the Democratic Party and they now seem intent on collecting on compounded interest of years of identity politics.

This column previously appeared on Fox.com

Tyler Durden
Fri, 05/26/2023 – 16:20

Tech Tops, Dow Drops, Bonds Flop As Hawkish Inflation Signals Send Rate-Hike Odds Soaring

Tech Tops, Dow Drops, Bonds Flop As Hawkish Inflation Signals Send Rate-Hike Odds Soaring

US economic data surprised to the upside this week – but most notably in terms of inflation signals that showed now signs of trending lower…

Source: Bloomberg

And while core inflation NOWCAST did drop a smidge, it remains a mile away from The Fed’s mandated levels – and the drop has stalled…

Source: Bloomberg

That saw the market very hawkishly reprice the entire short-term rate curve with 100% odds of another hike by July and pricing in rates being only 25bps lower by Jan 2024 (from 125bps lower right after the FOMC)…

Source: Bloomberg

But, realistically, the drivers of action this week in markets were debt-ceiling headlines and the AI-bubble’s euphoria stage.

The Debt-Ceiling Fear-o-Meter soared to start the week but eased a little today (even though a deal remained absent)…

Source: Bloomberg

And that helped stocks a little into the weekend, but the real driver was NVDA and any mention of AI that sent Nasdaq literally to the moon

0-DTE traders were caught offside in NVDA with massive covering of puts this morning and then buying of calls late on…

Source: SpotGamma

Just one thing to remember, we’ve seen these massive hoarding orders of chips before (during COVID)…

Source: Bloomberg

And thanks to the knock-on from FOMO-chasing AI, Nasdaq is up over 5.5% from Wednesday’s close. The Dow ended the week down 1% with Small Caps and the S&P around unch…

On a side-note, 0-DTE traders were selling the whole day with massive negative-delta flow

Source: SpotGamma

Tech – obviously – massively outperformed this week, with only Consumer Discretionary joining them in the green. All other sectors were red on the week with Staples and Financials lagging….

Source: Bloomberg

This was the biggest weekly outperformance of Nasdaq over The Dow since early March (and this is the 5th week that Nasdaq has outpaced The Dow)…

Source: Bloomberg

The last time Nasdaq traded at more than 8x Small Caps did not end well…

Source: Bloomberg

The equal-weighted S&P 500 is now underwater for the year while the cap-weighted S&P is up around 10%…

Source: Bloomberg

This is the biggest divergence in at least 30 years for this time of year…

Source: Bloomberg

Regional Banks squeezed up to resistance but faded back later in the week ahead of tonight’s deposit data…

1D-VIX surged higher today, once again recoupling with VIX as the debt ceiling doubts remain…

Source: Bloomberg

Treasury yields were dumped all week, but today saw some buying come back into the long-end, leaving the short-end (2Y) up 30bps on the week while 30Y yields were up only 3bps…

Source: Bloomberg

And that shift led to the biggest weekly curve (2s10s) flattening since April 2022 to its most inverted since the peak of the SVB crisis…

Source: Bloomberg

Before we leave bond land, there’s this – the traditional relationship between higher yields and tech performance (long-duration equities) has completely blown up…

Source: Bloomberg

The dollar rallied for the 3rd straight week (5 of last 6), but ended the week with selling pressure…

Source: Bloomberg

Bitcoin ended the week unchanged, hovering around $26-27,000…

Source: Bloomberg

Oil managed modest gains on the week but NatGas was clubbed like a baby seal as copper and PMs

Source: Bloomberg

Overall, commodities are screaming recession… stocks not so much (or are stocks screaming recession-implied QE?… in which case why aren’t commodities doing the same?)…

Source: Bloomberg

Finally, as optimism builds of a debt-ceiling deal, remember, remember, the summer of 2011…

Source: Bloomberg

Will we get ‘sell the news’ next week on a short-term deal?… then a bounce, then a reality check that the short-term extension won’t last?

Tyler Durden
Fri, 05/26/2023 – 16:01

54-Nation Alliance Reveals How Many Billions Pumped Into Ukraine

54-Nation Alliance Reveals How Many Billions Pumped Into Ukraine

The Ukraine Defense Contact Group, which is centered out of Ramstein Air Base, is an alliance of 54 countries supporting Ukraine militarily against Russia.

In a new press briefing marking the 12th meeting of the group, US Defense Secretary Lloyd Austin revealed the total tally of funds and military aid pumped into Kiev. “In total, the Contact Group has committed nearly $65 billion in security assistance,” while stressing the Western allies are “as united as ever.” This total figure is separate from the Washington overall commitment as far as Ukraine aid goes, which is even larger.

This already huge figure is about to leap significantly higher, given that as Austin said, “And, last week, President Biden announced that the United States will support a joint effort with our allies and partners to train Ukrainian pilots on fourth-generation aircraft, including F-16s. We hope this training will begin in the coming weeks.”

DoD image

The Pentagon chief then thanked Denmark and the Netherlands for this week stepping up to lead European coalition in providing F-16 training for Ukrainian pilots. The program is expected to take multiple months to up to a year or more.

“In the coming weeks, my Dutch and Danish counterparts will work with the United States and other allies to develop a training framework,” Austin said. “Norway, Belgium, Portugal and Poland have already offered to contribute to training, and we expect more countries to join this important initiative soon.”

Austin further emphasized that the United States is “committed to standing with Ukraine for the long haul.” He also announced a new commitment to provide Kiev with “additional air-defense systems and munitions” which will be “crucial” for “protecting Ukraine’s skies and civilian infrastructure from Russia’s assault.”

Additionally, US Joint Chiefs Chair Gen. Mark Milley explained that F-16’s won’t act as a “magic weapon” against the superior armed Russian air force: 

“The Russians have 1,000 fourth-generation fighters… If you’re gonna contest Russia in the air, you’re gonna need a substantial amount of fourth and fifth generation fighters, so if you look at the cost curve and do the analysis, the smartest thing to have done is exactly what we did do, which is provide a significant amount of integrated air defenses to cover the battlespace and deny the Russians the airspace.”

He previewed that a sustained program will run into the billions more….  

“So, you’re talking about $2 billion for 10 aircraft,” he said. “The Russians have thousands of fourth- and fifth-generation fighters. So, if you’re going to contest Russia in the air, you’re going to need a substantial amount of fourth- and fifth-generation fighters. If you look at the cost curve and do the analysis, the smartest thing to have done is exactly what we did do, which is provide a significant amount of integrated air defense to cover the battlespace and deny the Russians the airspace. And that is exactly what happened.” 

For the future, F-16s have a role, the general said. But it is “going to take a considerable length of time to build up an air force that’s the size and scope and scale that’ll be necessary.” 

Already, some of these same Pentagon officials predicted the war will drag on for “years”. On Friday, Russian Security Council Deputy Chairman Dmitry Medvedev was quoted in Russian media as saying the war will last “decades, probably”.

Tyler Durden
Fri, 05/26/2023 – 15:40

Smith College Drops Use Of Word “Field” As Racially Insensitive

Smith College Drops Use Of Word “Field” As Racially Insensitive

Authored by Jonathan Turley,

Smith College has always been woke to the point of insomnia. Now, however, it has embraced an “anti-racism reform” that even some on the left call looney. As discussed in a prior column on the same reform implemented at the University of Southern California, Smith has removed the word “field” from its social work program as racist.  The reason? It reminds some of the field work of slaves.

The department formerly known as the “Office of Field Education” will be now referred to as the “Office of Practicum.”  Carolyn McDaniel, a spokesperson for Smith College, explained that this change is “consistent with the guiding principles of the social work profession, Smith College’s School for Social Work strives for intentional accountability.”

McDaniels added “rather than a reactive moment, this is a proactive decision to bring the language of the school’s program more in line with its goals and intentions.”This is all part of Smith Colleges plan titled Toward Racial Justice in “advancing inclusion, diversity and equity” at the school.  Using terms like “field work” is now considered triggering and microaggressive.

At USC, the school explained:

“Language can be powerful, and phrases such as ‘going into the field’ or ‘field work’ may have connotations for descendants of slavery and immigrant workers that are not benign…This change supports anti-racist social work practice by replacing language that could be considered anti-Black or anti-immigrant in favor of inclusive language.”

The school heralded its replacement of the word “field” as another triumph in the fight for “dismantling oppressive and discriminating systems.”

Neither Smith nor USC is saying that the word is racist. They are saying that some may be reminded that slaves worked in fields. It does not matter that the word is not being used in even a remotely racist way. Rather than expect students to understand how words are used, it is better to ban them.

We faced the same type of logic at George Washington University when the school dropped the long moniker of “The Colonials.” I have previously wrote about my opposition to the dropping of “The Colonials.” The university assembled a committee that seemed pre-disposed to drop the name after objections that, in my view, were historically and logically wrong. That followed an earlier panel that lacked any opposing views on the matter.

Now the school has adopted “The Revolutionaries” — a moniker that has greater appeal for many at the school but will likely be as usable in a sports context as the “Confectionaries.” Rather than expect students to know that our “Colonials” fought a war against an Empire and colonization, the school decided to drop the beloved moniker because some dismissed the actual reference and meaning. After all, a university can hardly be expected to stand on the meaning and history of language as an educational institution. The key is that when “The Revolutionaries” go to practice, they may want to avoid going to the “field” as opposed to “practicum place.”

It is that simple. The important thing is to believe  . . .  just like they said in the movie “Practicum of Dreams.”

Tyler Durden
Fri, 05/26/2023 – 15:20

There’s Something Rotten In China

There’s Something Rotten In China

Authored by Steven Vannelli via Knowledge Leaders Capital blog,

One metric I look at fairly often for various countries is the relationship between the performance of stocks vs. bonds. The idea is straightforward enough: when stocks are outperforming bonds, it tends to be associated with a growing economy. When bonds are outperforming stocks, it is a tell that there is some sort of negative dynamic going on.

Why do I bring this up? In the US, stocks—represented by the SPY ETF—have just made a new high relative to the TLT ETF (which represents long-term US Treasury bonds). This would suggest that despite all the angst over inflation, the debt ceiling, and other issues, investors seem to taking a positive perspective.

This contrasts with China. In China, stocks have underperformed government bonds by about 50% since the beginning of 2021. This suggests there could be something rotten going on underneath the surface of the Chinese economy. Debt issues, housing issues, demographic issues, and geopolitical issues all could be weighing on sentiment toward Chinese equities and growth.

To further validate the theory that there is something rotten in China, I overlay the CNY/USD on the stock/bond chart. The CNY is weakening alongside this relationship of bonds outperforming stocks.

While last fall, the market began to discount the opening of China, now the dynamic seems to have changed. Copper did a good job signaling the upturn in Chinese GDP estimates for 2023.

With the Chinese reopening seeming to have less thrust than was anticipated, copper prices are falling again. This could telegraph a downturn in Chinese growth estimates.

Tyler Durden
Fri, 05/26/2023 – 12:35

Musk’s Brain Implant Startup Receives FDA Approval For Human Tests

Musk’s Brain Implant Startup Receives FDA Approval For Human Tests

Elon Musk’s brain-implant startup received approval from the Food and Drug Administration to conduct clinical trials of its experimental device in humans. 

“We are excited to share that we have received the FDA’s approval to launch our first-in-human clinical study!” Neuralink said Thursday in a tweet. 

Neuralink continued, “This is the result of incredible work by the Neuralink team in close collaboration with the FDA and represents an important first step that will one day allow our technology to help many people.” 

Musk retweeted the post, congratulating Neuralink. 

Founded in 2016, Neuralink is developing a small implant chip that will link the brain to a computer, via electrode-laced wires, with hopes it might one day treat paralysis and blindness in humans. 

The FDA approval “is really a big deal,” Cristin Welle, a former FDA official and an associate professor of neurosurgery and physiology at the University of Colorado, told Bloomberg

Welle said Neuralink “can initiate human trials, which means they have passed the safety preclinical testing and the bench testing.”  

Musk has noted the brain chip could allow humankind to keep up with artificial intelligence advances. 

Already, Neuralink claimed its brain chip had taught a monkey how to play video games with its mind. 

Musk recently said the brain chip “will succeed at solving many brain injury issues–spine injury issues–along the way.” And he even said the chip could restore vision in people, even if they’re born blind. 

Neuralink isn’t the first brain-computer interface company to enter clinical trials for humans. For example, Synchron and Blackrock Neurotech have already implanted their brain chips into the heads of people. 

“We want to surpass able-bodied human performance with our technology,” Neuralink tweeted last month. 

Tyler Durden
Fri, 05/26/2023 – 12:15

Cycling Governing Body Bans Trans Competitors

Cycling Governing Body Bans Trans Competitors

Authored by Steve Watson via Summit News,

The national governing body of cycling in the UK has announced a ban on transgender competitors taking part in women’s races in the country.

British Cycling says that the ban will come into effect by the end of the year, with a new separate ‘open category’ being introduced that anyone of any gender can compete in.

Chief Jon Dutton told reporters “We have taken a view that this is absolutely about being inclusive for all,” adding “We’ve created a new open category that anyone has the ability to ride in and also a non-competitive policy that is absolutely inclusive and accessible.”

“We will not tolerate any form of discrimination in moving forward with this policy,” Dutton added, further noting “it’s really important that we support, we empathise, we are compassionate to the riders that are affected by this policy change.”

The move comes following several trans cyclists dominating women’s events in recent months.

After biological male Austin Killips, won the women’s category of the Tour of the Gila bicycle race in New Mexico earlier this month, the world cycling governing body Union Cycliste Internationale defended its transgender policy, stating “The UCI acknowledges that transgender athletes may wish to compete in accordance with their gender identity,” and adding “The UCI rules are based on the latest scientific knowledge and have been applied in a consistent manner.”

Commenting on the move by British Cycling, trans competitor Emily Bridges called it a “violent act” and “furthering a genocide” against trans people:

Bridges has drawn criticism after setting records in men’s cycling before coming out as a transgender woman in October 2020 and beginning to compete in women’s events.

As we have documented (see links below), other sports have placed bans on trans competitors in women’s events, with legendary sportswomen including Martina Navratilova and Sharron Davies speaking out in support.

Navratilova and Davies both responded to today’s news:

Tennis Legend Martina Navratilova: “Women’s Sports Is NOT THE PLACE for Trans Athletes”

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Tyler Durden
Fri, 05/26/2023 – 11:55

“Unnamed Banker” At First Republic Earned More Than J.P. Morgan CEO Dimon Last Year

“Unnamed Banker” At First Republic Earned More Than J.P. Morgan CEO Dimon Last Year

This year? Probably not so much…

We once thought JP Morgan was happy to agree to take on the carcass of First Republic Bank because it could get billions in deposits and assets for pennies on the dollar. Now, after learning that one unnamed executive at FRC was actually earning more than Jamie Dimon, we are left to wonder to ourselves if Dimon is even happier to absorb the distressed bank so when he rests his head on the pillow at night, he knows his salary isn’t being bested.

We are, of course, joking (kind of), but the headlines about First Republic executive pay are very real. Bloomberg wrote on Thursday that a number of bank executives were comfortably earning more than $10 million a piece each year. “Dozens” were earning the salary during the banks heydey, the report says. 

It also notes the one “unnamed banker” that made more than $35 million last year, noting that Dimon has run JP Morgan for more than 16 years and still isn’t netting a salary that large. An average employee at First Republic made $310,000 per year, thanks to the company’s incentive systems, Bloomberg noted. 

The bank’s recent surge in business was helped along during the pandemic by issuing “jumbo, interest-only mortgages to borrowers with high incomes and credit scores”, which helped the bank double in size in four years, the report says. It was that doubling in size that made it the second largest bank failure in U.S. history. 

Bankers that made home loans earned a small percentage of the loan each year, helping bankers strengthen relationships with clients and opening the door for lucrative business, Bloomberg noted. The report also pointed out that family members of executives earned lucrative salaries:

Chief Credit Officer David Lichtman’s spouse, an executive managing director in preferred banking, was paid $8.6 million in 2021, out-earning him, according to a proxy statement last year. The son of First Republic founder and former CEO Jim Herbert made $3.5 million that year as a senior vice president.

As we noted days ago, however, that gravy train at First Republic appears to be over. JP Morgan quickly fired 1,000 First Republic Bank employees, telling them that they aren’t being given jobs — even temporarily — following its takeover of the failed lender.

According to Bloomberg, the biggest US bank on Thursday offered full-time or transitional roles to 85% of the nearly 7,000 employees still working at First Republic when it collapsed, while the rest were told they wouldn’t get offers. Those getting temporary offers would be offered jobs for three, six, nine or 12 months, depending on the position.

“Since our acquisition of First Republic on May 1, we’ve been transparent with their employees and kept our promise to update them on their employment status within 30 days,” a spokesperson for New York-based JPMorgan said in a statement. “We recognize that they have been under stress and uncertainty since March and hope that today will bring clarity and closure.”

First Republic employees who weren’t offered jobs at JPMorgan “will receive pay and benefits covering 60 days and will be offered a package that includes an additional lump-sum payment and continuing benefits coverage,” the spokesperson said; it wasn’t clear if the FDIC would be footing those costs as well.

Tyler Durden
Fri, 05/26/2023 – 11:35

Twitter Engineering Chief ‘Resigns’ Day After DeSantis Campaign Launch Glitches

Twitter Engineering Chief ‘Resigns’ Day After DeSantis Campaign Launch Glitches

Authored by Caden Pearsen via The Epoch Times,

A senior Twitter engineer resigned on Thursday following glitches that marred the highly anticipated Twitter Spaces event in which Florida Gov. Ron DeSantis announced his presidential bid.

Foad Dabiri, whose LinkedIn profile says he is Twitter’s engineering lead for growth, announced his resignation but did not mention what prompted the move.

In his resignation statement, Dabiri reflected on his time at Twitter, which he divided into two distinct eras: pre- and post-acquisition by billionaire entrepreneur Elon Musk last year.

“After almost four incredible years at Twitter, I decided to leave the nest yesterday,” Dabiri wrote in a heartfelt message offering gratitude to colleagues.

Both eras, he said, “came with their fair share of challenges, but they also shared a grand mission and a team of extraordinary individuals,” he said.

During the “Twitter 2.0” phase under Musk’s leadership, the company underwent significant changes aimed at achieving profitability, resulting in a substantial reduction in the workforce within the initial months.

Musk said in a Fox News interview that Twitter runs fine without as many staff now that it’s not operating as a censorship machine against conservative voices.

“Working with @elonmusk has been highly educational, and it was enlightening to see how his principles and vision are shaping the future of this company,” Dabiri said.

Dabiri said it was an “extraordinary journey” with Musk at the helm. However, he described the period of staff layoffs as a challenging time, highlighting the resilience and strength demonstrated by the team during this transformative phase.

“The change was massive and rapid; we came through and emerged stronger, thanks to the remarkable team that held the fort,” he said.

The Epoch Times contacted Dabiri for comment.

DeSantis Campaign Launch

The livestream event on Twitter featuring DeSantis faced significant disruptions and delays on Wednesday owing to a surge in user participation.

Hosted on Twitter Spaces by Musk and tech entrepreneur David Sacks, the event encountered intermittent sound issues during its initial moments.

With over 500,000 Twitter users joining the event, it was eventually paused and then restarted, causing a delay of nearly half an hour before DeSantis could deliver his announcement.

The event resumed through Sacks’s account, and Musk speculated that the technical difficulties might have been related to hosting the event on his own account, which boasts over 100 million followers, potentially straining Twitter’s systems.

On Twitter Spaces, DeSantis declared, “I am running for president of the United States to lead our great American comeback.”

DeSantis highlighted several key issues motivating his decision to run, including the crisis at the southern border, escalating crime in cities, financial struggles faced by families striving for a middle-class lifestyle, and his perception of the current president’s ineffective response to these challenges.

DeSantis’s choice to announce his bid on Twitter was unconventional. However, he has been a strong critic of establishment media outlets. Musk has positioned Twitter as an alternative to mainstream media and a new home for journalism.

DeSantis is the strongest GOP contender behind former President Donald Trump, who announced his bid from his Mar-a-Lago estate in Florida, live-streamed by Fox News.

The other Republican contenders include former U.N. Ambassador and former South Carolina Gov. Nikki Haley, business mogul Vivek Ramaswamy, former Arkansas Gov. Asa Hutchinson, and Sen. Tim Scott of South Carolina. Former Vice President Mike Pence is considering a run.

Tyler Durden
Fri, 05/26/2023 – 11:15

“I Don’t Want To Do Any Of This”: IRS Whistleblower Defies Biden Administration And The Media

“I Don’t Want To Do Any Of This”: IRS Whistleblower Defies Biden Administration And The Media

Earlier this week, an insider at the Internal Revenue Service (IRS) came forward and revealed his identity for the first time after filing an anonymous whistleblower complaint about the agency’s handling of an investigation into Hunter Biden.

The original whistleblower complaint from Gary Shapley, a 14-year veteran of the agency, was revealed in an April 19 letter to members of Congress. Since then, Shapley and his attorney, Mark D. Lytle, have alleged retaliation.

In an interview with CBS News that aired Wednesday night, Shapley identified himself as an IRS supervisory agent, who says he was assigned to an investigation in January 2020 – the subject of which he said he couldn’t legally identify due to tax secrecy laws, but which CBS said was the Hunter Biden case. Shapley and his legal team are simply calling it an “ongoing and sensitive investigation of a high-profile, controversial subject.”

Lytle says his client’s disclosures contradict sworn testimony by a “senior political appointee,” and involve “failure to mitigate clear conflicts of interest.”

He added that the whistleblower disclosures show “examples of preferential treatment and politics improperly infecting decisions and protocols that would normally be followed by career law enforcement professionals in similar circumstances if the subject were not politically connected.”

According to Shapley, “When I took control of this particular investigation, I immediately saw deviations from the normal process. It was way outside the norm of what I’ve experienced in the past.”

In March, U.S. Attorney General Merrick Garland told the Senate Judiciary Committee that the U.S. Attorney in Delaware had full discretion in pursuing the Hunter Biden tax investigation and was “not restricted in his investigation in any way.” Shapley, however, has claimed that, in his investigation, “there were multiple steps that were slow-walked—were just completely not done—at the direction of the Department of Justice.”

Shapley said he had never experienced “deviations” from the investigative process like those he has seen in this case.

“And each and every time it seemed to always benefit the subject,” he said. –Epoch Times

Shapley says he decided to file a whistleblower complaint following an Oct. 2022 meeting with federal prosecutors.

It was my red-line meeting,” he said. “I don’t want to do any of this. I took an oath of office and when I saw the egregiousness of some of these things, it no longer became a choice for me,” he told CBS News. “It’s not something that I want to do. It’s something I feel like I have to do.”

As Jonathan Turley notes,

Shapley has every reason not to want to do any of this.

After all, as President Joe Biden stated last year, “No one f–ks with a Biden.”

For years, a Democrat-controlled Congress refused to investigate Biden family influence-peddling, and the press dismissed people raising Hunter’s laptop as spreading “Russian disinformation.”

The media have worked hard to minimize the blowback after acknowledging the laptop’s authenticity and the growing evidence of millions in influence-peddling.

Part of this effort at “scandal implosion” has been to dismiss any criminal charges as relatively minor tax violations unconnected to the president.

Indeed, when the president recently agreed to a rare sit-down interview, the White House chose MSNBC’s Stephanie Ruhle.

Before asking about his son Hunter’s scandal, Ruhle emphasized it was “something personal” with “no ties to you.”

Many of us guffawed at the claim given multiple references on the laptop to President Biden, including possibly sharing in the proceeds from influence-peddling with foreign governments.

The problem is Shapley suggests some uncomfortable questions on how Biden’s administration may have worked to minimize charges against his son and, according to Shapley, “slow-walked” the investigation.

His interview explains why the Justice Department can indict figures like Rep. George Santos (R-NY) on a variety of fraud and money-laundering charges in a few months while spending years investigating Hunter Biden with no conclusion.

Shapley made clear he had never seen this level of interference in his long service at the IRS and said it was done “at the direction of the Department of Justice.”

And he said the interference began as soon as he “took control of this particular investigation”: “I immediately saw deviations from the normal process. It was way outside the norm of what I’ve experienced in the past.”

Shapley did not rush forward or leak to the media.

Rather, after watching decision after decision made to benefit Biden, Shapley reached a breaking point in what he called his “red-line meeting” when he and his team were removed from investigating the president’s son.

The interference came from a familiar source.

The Justice Department under Attorney General Merrick Garland has been criticized for his refusal to appoint a special counsel to investigate the expanding allegations of Biden family influence-peddling — which include possible criminal charges from bribery to tax violations to money-laundering.

The laptop included references to Joe Biden getting a 10% cut of one Chinese deal.

Biden associates are warned not to use Joe Biden’s name but to employ code names like “the Big Guy.”

At the same time, the president and first lady are said to have benefited from public office and received payments from Hunter.

The emails also contradict the president’s repeated public declaration that he had no knowledge of his son’s foreign dealings — including by photos with his business associates and an actual audio tape referring to the deals.

Garland refuses to appoint a special counsel who would then have the ability to write a report on the alleged massive influence-peddling operations the Bidens run.

It is all part of the “incredible shrinking Merrick Garland,” who promised to prevent any political influence over his department.

We now have multiple whistleblowers alleging interference from the Justice Department to slow-walk investigations or shield the president’s son.

We also have questions raised by IRS agents’ visit to the home of Matt Taibbi, who helped expose the government-Twitter censorship program.

They appeared on the very day Taibbi appeared before Congress and was attacked by Democratic members as a “so-called journalist.”

(The subcommittee’s ranking Democrat, Delaware Stacey Plaskett, later called for Taibbi’s possible arrest.)

The IRS opened its probe of him on a Saturday — Christmas Eve last year, just weeks after his exposé.

With the GOP controlling the House, there will now be congressional investigation and oversight into these allegations.

But Shapley and other whistleblowers will soon learn that when it comes to many in the media and Congress, they also “don’t want to do any of this.”

Jonathan Turley is an attorney and a professor at George Washington University Law School.

Tyler Durden
Fri, 05/26/2023 – 10:35