Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Federal Rats Are Fleeing the Sinking Collusion Ship Print
By Victor Davis Hanson
Thursday, May 23 2019
In sum, the old leaky vessel of collusion is sinking.

The entire Trump-Russia collusion narrative was always implausible.

One, the Washington swamp of fixers such as Paul Manafort and John and Tony Podesta was mostly bipartisan and predated Trump.

Two, the Trump administration's Russia policies were far tougher on Vladimir Putin than were those of Barack Obama. Trump confronted Russia in Syria, upped defense spending, increased sanctions and kept the price of oil down through massive new U.S. energy production. He did not engineer a Russian "reset" or get caught on a hot mic offering a self-interested hiatus in tensions with Russia in order to help his own re-election bid.

Three, Russia has a long history of trying to warp U.S. elections that both predated Trump and earned only prior lukewarm pushback from the Obama administration.

It's also worth remembering that President Bill Clinton and the Clinton Foundation had been recipients of Russian and Russian-related largesse  ostensibly because Hillary Clinton had used her influence as Secretary of State under Obama to ease resistance to Russian acquisitions of North American uranium holdings.

As far as alleged Russian collusion goes, Hillary Clinton used three firewalls  the Democratic National Committee, the Perkins Coie law firm and the Fusion GPS strategic intelligence firm  to hide her campaign's payments to British national Christopher Steele to find dirt on Trump and his campaign; in other words, to collude. Steele in turn collected his purchased Russian sources to aggregate unverified allegations against Trump. He then spread the gossip within government agencies to ensure that the smears were leaked to the media  and with a government seal of approval.

No wonder that special counsel Robert Mueller's partisan team spent 22 months and $34 million only to conclude the obvious: that Trump did not collude with Russia.

Mueller's failure to find collusion prompts an important question. If the Steele dossier  the basis for unfounded charges that Trump colluded with Russia  was fraudulent, then how and why did the Clinton campaign, hand in glove with top Obama administration officials, use such silly trash and smears to unleash the powers of government against Trump's campaign, transition team and early presidency?

The question is not an idle one.

There may well have occurred a near coup attempt by high-ranking officials to destroy a campaign and then to remove an elected president. Likewise, top officials may have engaged in serial lying to federal investigators, perjury, the misleading of the Foreign Intelligence Surveillance Court, the illegal insertion of informants into a political campaign, the leaking of classified documents and the obstruction of justice.

So, how can we tell that the former accusers are now terrified of becoming the accused? Because suddenly the usual band of former Obama officials and Trump accusers have largely given up on their allegations that Trump was or is a Russian asset.

Instead, John Brennan, James Clapper, James Comey, Andrew McCabe and Rod Rosenstein are now beginning to accuse each other of wrongdoing.

Even their progressive media handlers are starting to sense the desperation in their new yarns  and the possibility that these hired-gun analysts or guests were themselves guilty of crimes and were using their media platforms to fashion their own defense.

The end of the Mueller melodrama has marked the beginning of real fear in Washington.

Comey, the former FBI director, has hit the lecture and television circuit with his now-tired moralistic shtick that he alone had a "soul" while others allowed theirs to be eaten away by Trump. Translated, that means Comey is terrified that former Deputy Attorney General Rod Rosenstein, whom Comey attacked as a Trump enabler, knows that Comey himself may have broken the law  and may direct prosecutors on how to prove it.

Comey is also in a tiff with his former deputy, Andrew McCabe. Both know that the FBI under Comey illegally leaked classified information to the media. But Comey says McCabe went rogue and did it. Of course, McCabe's attorney shot back that Comey had authorized it. Comey also claims the Steele dossier was not the chief evidence for a FISA warrant. McCabe insists that it was. It's possible that one might work with prosecutors against the other to finagle a lesser charge.

Former CIA Director John Brennan has on two occasions lied under oath to Congress and gotten away with it. He may not get away with lying again if it's determined that he distorted the truth about his efforts to spread the Steele dossier smears. A former CIA official claims that Comey put the unverified Steele dossier into an intelligence community report on alleged Russian interference. Comey has contended that Brennan was the one who did.

It's possible that both did. Doing so would have been unethical if not illegal, given that neither official told President Obama (if he didn't already know) that the silly Steele dossier was a product of Hillary Clinton's amateurish efforts to subvert the 2016 Trump campaign.

In sum, the old leaky vessel of collusion is sinking.

The rats are scampering from their once safe refuge  biting and piling on each other in vain efforts to avoid drowning.


Victor Davis Hanson is a classicist and historian at the Hoover Institution, Stanford University, and the author of the soon-to-be released "The Second World Wars: How the First Global Conflict Was Fought and Won," to appear in October from Basic Books. You can reach him by e-mailing authorvdh[at]gmail.com.
 
© 2019 TRIBUNE CONTENT AGENCY, LLC.

Question of the Week   
Which one of the following pandemics caused the largest number of deaths in the 20th Century alone?
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"The city of San Francisco is forbidding shoppers from carrying reusable bags into grocery stores out of fear that they could spread the coronavirus.As part of its shelter-in-place ordinance, the California city barred stores from 'permitting customers to bring their own bags, mugs, or other reusable items from home.' The city noted that transferring the bags back and forth led to unnecessary contact…[more]
 
 
—Madison Dibble, Washington Examiner
— Madison Dibble, Washington Examiner
 
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