Perspectives; Thoughts; Comments; Opinions; Discussions

Posts tagged ‘Donald Trump’

Nolte: ABC Fails to Fact-Check Hunter Biden’s Claim of ‘Not One Cent’ from Chinese Govt. Deal


Written by John Nolte | 

URL of the original posting site: https://www.breitbart.com/2020-election/2019/10/15/nolte-abc-fails-to-fact-check-hunter-bidens-claim-of-not-one-cent-from-chinese-govt-deal/

Hunter-Biden-interview-5577c-abc-ps-191014_hpMain | ABC News

ABC News allowed Hunter Biden to get away with the claim he did not make “one cent” from his company’s mega-deal with a Chinese bank that is a subsidiary of the Chinese government — when its own past reporting has said just the opposite.

During the sit-down interview, ABC’s Amy Robach set up the segment about Hunter’s China deal with the background on President Trump’s desire to look into Hunter’s shady $1.5 billion — with a “B” — deal with the Chinese bank (starts at around 5:03)::

ROBACH: Also on Trump’s list of accusations against Hunter Biden: that Hunter flew on Air Force Two with his father during an official government trip to China in 2013, leveraging that connection for financial gain in an investment deal with Chinese businessman Jonathan Li.

What Robach’s question omitted is that the deal was not just with an individual businessman but with the Bank of China — a subsidiary of the Chinese government itself.

She then asks Hunter directly:

ROBACH: The president has repeatedly said you have received $1.5 billion, despite no experience and for no apparent reason. Obviously fact checkers have said that that is not true.

HUNTER: This literally has no basis in fact in any way.

ROBACH: Have you received any money from that business dealing?

HUNTER: No.

ROBACH: At all?

HUNTER: Not one cent.

ROBACH: Definitely not 1.5 billion.

HUNTER: It’s crazy. They feel as though they have the license to go out and say whatever they want.

Hunter is then allowed to trash Trump and his family as liars while Robach, who has just lauded fact checkers and their fact checking,  says nothing about the fact that — and this is important — according to her own network’s reporting,  and Hunter’s own attorney, Hunter has a ten percent stake in BHR, the company that made that mammoth $1.5 billion China deal.

Just a few months ago, ABC aired an in-depth report on Hunter’s shady business dealings that included this nugget (starts at about the 2:00 minute mark):

This video shows Chinese diplomats greeting Vice President Biden as he arrives in Beijing in December of 2013. Right by his side? His son Hunter. Less than two weeks later, Hunter’s firm had new business, creating an investment fund in China, involving the government controlled Bank of China, with reports they hopes to raise $1.5 billion. Hunter still plays a role in the fund. His lawyer says his stake is worth about half a million dollars.

Where was Robach’s followup question? Where was her oh-so-vital fact checking? Why did she let him get away with saying “not one cent” when her own network reported just a few months ago that he had equity in the firm that made a massive $1.5 billion deal?

Obviously, Hunter is playing a semantic game with that “not one cent” comment. Hunter’s attorney appears to do the same in a statement he released just two days ago, on October 13, 2019:

Hunter neither played a role in the formation or licensure of the company, nor owned any equity in it while his father was Vice President. He served only as a member of its board of directors, which he joined based on his interest in seeking ways to bring Chinese capital to international markets. It was an unpaid position.

To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest.

So Hunter hasn’t “received” “one cent” because there has been no payout to investors. There was no direct commission for that deal, which dum-dums would obviously suspect like he’s a bottom-run sales rep. But here’s the rub, according to no less than FactCheck.org: Hunter might not have been paid “one cent” yet, but he is still could be looking at an eventual payoff that hits the $20 million mark:

[Hunter’s lawyer George] Mesires told the New York Times that while Hunter Biden now has a 10% stake in BHR, which he acquired through a company he created named Skaneateles LLC, “there have been no distributions to the shareholders since Hunter has been an equity owner.”

But that doesn’t mean Biden won’t eventually make millions from the deal. Steven Kaplan, who conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance at the University of Chicago Booth School of Business, told us that a private equity fund with $2 billion under management will typically generate fees over its life of hundreds of millions of dollars.

“It is difficult to imagine, if not incomprehensible, that a 10% stake in those economics is worth only $420K,” Kaplan told us via email. “The distinction they appear to be making is they capitalized the management company with $4.2 M even if the fund manages $2 B.  The value of that management company is likely far in excess of $4.2 M if they are managing $2 B.”

Kaplan pointed to two large publicly traded private equity firms for reference, both of which have a market value of about 10% of the assets under their management. Using that as a rough guide, that would put the value of Hunter Biden’s share closer to $20 million, he said.

Basically, it looks as though Hunter claiming not have made one cent off the China deal is like a CEO claiming he was not paid one cent to run a company because his compensation came from stocks or bars of gold or pearls or the gift of a home. But the fact is this: any deal that increases the value of the company that Hunter Biden has a stake in — and a $1.5 billion deal with a bank owned by one of the world’s biggest economies does just that — is a deal where Hunter Biden has a financial interest.

Maybe ABC will reveal Hunter’s semantic dishonesty when the rest of the interview airs later tonight. Maybe Robach will ask him what he has “earned” or “gained” as a result of the deal, rather than “received.” If not, it is a gross dereliction of duty on the network’s part. And all of this comes just one day after ABC was caught presenting 2014 video from a Kentucky gun range as video of  Turkish military operation against the Kurds.

Follow John Nolte on Twitter @NolteNC. Follow his Facebook Page here.

Whistleblower had ‘professional’ tie to 2020 Democratic candidate


Written by Byron York  | October 08, 2019 03:04 PM

URL of the original posting site: https://www.washingtonexaminer.com/news/whistleblower-had-professional-tie-to-2020-democratic-candidate

In an Aug. 26 letter, the Intelligence Community’s inspector general, Michael Atkinson, wrote that the anonymous whistleblower who set off the Trump-Ukraine impeachment fight showed “some indicia of an arguable political bias … in favor of a rival political candidate.”

A few weeks later, news reports said the whistleblower’s possible bias was that he is a registered Democrat. That was all. Incredulous commentary suggested that Republicans who were pushing the bias talking point were so blinded by their own partisanship that they saw simple registration with the Democratic Party as evidence of wrongdoing.

“Give me a break!” tweeted whistleblower lawyer Mark Zaid. “Bias? Seriously?”

Now, however, there is word of more evidence of possible bias on the whistleblower’s part. Under questioning from Republicans during last Friday’s impeachment inquiry interview with Atkinson, the inspector general revealed that the whistleblower’s possible bias was not that he was simply a registered Democrat. It was that he had a significant tie to one of the Democratic presidential candidates currently vying to challenge President Trump in next year’s election.

“The IG said [the whistleblower] worked or had some type of professional relationship with one of the Democratic candidates,” said one person with knowledge of what was said.
“The IG said the whistleblower had a professional relationship with one of the 2020 candidates,” said another person with knowledge of what was said.
“What [Atkinson] said was that the whistleblower self-disclosed that he was a registered Democrat and that he had a prior working relationship with a current 2020 Democratic presidential candidate,” said a third person with knowledge of what was said.

All three sources said Atkinson did not identify the Democratic candidate with whom the whistleblower had a connection. It is unclear what the working or professional relationship between the two was.

In the Aug. 26 letter, Atkinson said that even though there was evidence of possible bias on the whistleblower’s part, “such evidence did not change my determination that the complaint relating to the urgent concern ‘appears credible,’ particularly given the other information the ICIG obtained during its preliminary review.”

Democrats are certain to take that position when Republicans allege that the whistleblower acted out of bias. Indeed, the transcript of Trump’s July 25 call with Ukrainian President Volodymyr Zelensky is a public document, for all to see. One can read it regardless of the whistleblower’s purported bias.

Nevertheless, Republicans will want to know more about the origins of the whistleblower complaint, especially given the unorthodox use of whistleblower law involved. There is more to learn — like who the Democratic candidate is — before Republicans will say they know enough about what happened.

Rasmussen Poll: Donald Trump Approval Rating Jumps to 53 Percent; Highest in Five Months


Reported by Charlie Spiering | 

URL of the original posting site: https://www.breitbart.com/politics/2019/09/24/rasmussen-poll-donald-trump-approval-rating-jumps-to-53-percent-highest-in-five-months/

P

resident Donald Trump smiles during a Cabinet meeting in the Cabinet Room of the White House, Tuesday, July 16, 2019, in Washington. (AP Photo/Alex Brandon)

President Donald Trump received an approval rating of 53 percent from likely voters, according to a Rasmussen poll released Tuesday.

The latest poll reflects the highest approval rating for the president in five months, as the last time Trump got a 53 percent approval rating was in April 2019. 

Forty-five percent of likely voters disapproved of his performance as president.

The president’s approval rating dipped as low as 44 percent in late August but has steadily risen in September — a nine-point jump in 35 days.

Trump received a string of 53 percent approval ratings in February 2017 after he was inaugurated.

Rasmussen tracks daily results via 500 likely voters per night from telephone surveys as well as an online survey tool. The margin of sampling error for the full sample of 1,500 likely voters is +/- 2.5 percentage points.

Black Poverty Hits Record Low Under President Trump


Reported by Neil Munro | 

URL of the original posting site: https://www.breitbart.com/economy/2019/09/10/black-poverty-record-low-under-trump/

US President Donald Trump arrives for a “Keep America Great” campaign rally at The Crown Arena in Fayetteville, North Carolina, on September 9, 2019. (Photo by JIM WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images)

President Donald Trump can claim credit for pushing poverty among black American adults to record lows, according to data in the U.S. Census Bureau’s 2018 economic report.

The good news is hidden deep in the 77-page report, Income and Poverty in the United States: 2018, which was released Tuesday, September 10. Table B5 on page 65 shows that poverty among married black families dropped to 18.8 percent, down from 20.2 percent in 2015 and 23.8 percent in 2007, which was the peak of the housing boom and bubble inflated by Congress and President George W. Bush’s terms.

  • Poverty among black female-headed families also dropped to 31.7 percent, down from 35.7 percent in 2015 and 39.7 percent in 2007.
  • Poverty among all black Americans dropped to 20.8 percent, down from 24.1 percent in 2015 and 24.5 percent in 2007

For comparison, black poverty is still somewhat higher than the poverty rate for all Americans, which is at 11.8 percent, and at 9.7 percent for all intact families and 26.8 percent for female-headed households.

The report does not suggest why the poverty rate is falling. But other data — including comments from industry CEOs — show that wages are gently rising as employers reluctantly begin to compete for employees in a low-immigration, tight labor economy.

Trump’s unprecedented combination of  “Hire American” and economic growth policies is helping create those wage gains nationwide. The growth policies pressure companies to hire more workers.

The “Hire American” policy suppresses the inflow of legal and illegal migrants and also blocks demands from businesses for special infusions of cheap foreign labor, such as extra refugees, asylum-seekers, visa workers, and legal immigrants. Trump’s low-immigration policies have prompted many progressives and Democrats to claim he is racist. But his growth and “Hire American” combination is pressuring companies to compete for Americans workers — including blacks and Latinos — by offering higher wages and better benefits.

One expected impact of the shortage is a growing number of non-white Americans who are being hired and are getting wage increases. The Washington Post reported September 9:

Economists say the minority hiring boom is explained mainly by a tight labor market that is forcing employers to look beyond their normal pool of candidates …
“Now there are more job opportunities, I think. I look for jobs that want English and Spanish speakers,” said [Milagros] Tasayco, who spends her mornings at the community center and her afternoons at a private day care. “My children say, ‘Wow, Mommy, you have two jobs!’ My husband is proud, too.”

The Census Bureau said men who work full time and year-round got an average earnings boost of 3.4 percent in 2018, pushing their median salaries up to $55,291, a 3.4 percent gain after adjusting for inflation. Women gained 3.3 percent in wages, to bring their median salaries to $45,097 for full time, year-round work.

Trump’s wage gains may mark a historic shift in the nation’s economy.

This growth is already visible as a rising line at the end of a Census Bureau chart, which shows the flat-lined wages between 1973 and 2018. The flat wages followed 25 years of rapid wage growth in a low-immigration economy between 1959 and 1973,

Immigration Numbers:

Each year, roughly four million young Americans join the workforce after graduating from high school or university. This total includes about 800,000 Americans who graduate with skilled degrees in business or health care, engineering or science, software, or statistics.

But the federal government then imports about 1.1 million legal immigrants and refreshes a resident population of about 1.5 million white-collar visa workers — including approximately one million H-1B workers and spouses — and about 500,000 blue-collar visa workers.

The government also prints out more than one million work permits for foreigners, it tolerates about eight million illegal workers, and it does not punish companies for employing the hundreds of thousands of illegal migrants who sneak across the border or overstay their legal visas each year.

This policy of inflating the labor supply boosts economic growth for investors because it transfers wages to investors and ensures that employers do not have to compete for American workers by offering higher wages and better working conditions.

This policy of flooding the market with cheap, foreign, white-collar graduates and blue-collar labor also shifts enormous wealth from young employees towards older investors, even as it also widens wealth gaps, reduces high-tech investment,  increases state and local tax burdens, reduces marriage rates, and hurts children’s schools and college educations.

The cheap-labor economic strategy also pushes Americans away from high-tech careers and sidelines millions of marginalized Americans, including many who are now struggling with fentanyl addictions.

The labor policy also moves business investment and wealth from the Heartland to the coastal cities, explodes rents and housing costs, undermines suburbia, shrivels real estate values in the Midwest, and rewards investors for creating low-tech, labor-intensive workplaces.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – Cover Your Assets

The mainstream-media use Trump knowing Jeffrey Epstein as a way to cover for Bill Clinton’s close relationship with the famous pedophile and his many rides on his Lolita Express.

Media Covers for Clinton Epstein ScandalPolitical cartoon by A.F. Branco ©2019.
More A.F. Branco cartoons at Flag And Cross.com here.

An adult children’s Book for all ages APOCALI NOW! brilliantly lampoons the left. ODER >  HERE

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

Today’s TWO Politically INCORRECT Cartoons by A.F. Branco


A.F. Branco Cartoon – Weapons of Assault

The mainstream media like to ignore the leftist violence while focusing on fringe almost nonexistent white supremacist, and they blame Trump.

Left vs Right Assault and the MeadiaPolitical cartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

Branco’s Faux Children’s Book “APOCALI” ORDER  HERE

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

Today’s Politically INCORRECT Cartoon by A.F. Branco


A.F. Branco Cartoon – The Squad

Rashida Tlaib, Ilhan Omar, Alexandria Ocasio-Cortez, Ayanna Pressley are known for their racist anti-American rhetoric now calling Trump a racist for saying if you hate America you can leave.

The SquadPolitical Cartoon by A.F. Branco ©2019.
More A.F. Branco Cartoons at The Daily Torch.

Branco’s Faux Children’s Book “APOCALI” ORDER  HERE

Donations/Tips accepted and appreciated –  $1.00 – $5.00 – $10 – $100 –  it all helps to fund this website and keep the cartoons coming. – THANK YOU!

take our poll – story continues below
  • Which Democrat Presidential Hopeful Has The Wildest Campaign Promise So Far?

A.F. Branco has taken his two greatest passions, (art and politics) and translated them into the cartoons that have been popular all over the country, in various news outlets including “Fox News”, MSNBC, CBS, ABC and “The Washington Post.” He has been recognized by such personalities as Dinesh D’Souza, James Woods, Sarah Palin, Larry Elder, Lars Larson, the great El Rushbo, and has had his toons tweeted by President Trump.

Tag Cloud

%d bloggers like this: