Friday, May 24, 2019

The Week That Was

Donald Trump and Nancy Pelosi traded extraordinary personal insults for another day….yet the Senate found bipartisan, White House-blessed compromise on a disaster bailout bill.

My take: Don’t be fooled by the disaster relief measure — Trump and Pelosi are going to need some sort of re-set or accommodation if trade, drug prices, or infrastructure deals have a chance. And they are still going to need at least a new dynamic to reach budget and debt ceiling pacts. After Thursday’s escalations on both sides, the path to a workable relationship is even less clear.

Democratic presidential candidates were told in no uncertain terms they need to start attacking to diminish Joe Biden’s entrenched frontrunner status…yet they are to a person reluctant to do it in a meaningful manner.

My take: The candidates and much of the media can keep saying it’s “still early” all they want. But every Democratic hopeful not named “Biden” now has to answer three questions to be living in a rational world. (1) What issues can they deploy to bring Biden back to the pack? (2) What mechanism or forum do they use to make their case? (3) What early state can they win or place in?

Theresa May announced her departure….yet Brexit remains a thoroughly sticky wicket.

My take: May held off her departure for far longer than most other PMs in her place would have done. A new Tory leader is not going to find solving the Brexit Rubik’s Cube any easier, and they run the risk of having their own (short?) time in office consumed trying to solve the problem.

The trade war with China continues…yet Trump finds money to aid US farmers to buy himself some time.

My take: Trump can’t jive his way indefinitely through a period of ruinous tariffs, but with this kind of relief package, as long as the economy appears strong, he might just be able to make it through November of 2020. Democrats need a critique of his policy that doesn’t involve rooting for a bad economy or looking soft on China.

Public testimony by Bob Mueller looks increasingly unlikely….yet Democrats have devised a plan to try to bring the independent counsel’s written report to life.

My take: Democrats who favor impeachment continue to understate the broad public lack of interest in the matter, and overstate the extent that incremental hearings can break through with a media that has set the bar high for new revelations.

Top sports story: Leonard’s 35 gives the Raptors a 3-2 lead
ESPN

Top business story: Musk’s SpaceX successfully launches 60 satellites into orbit
FOX News

Top entertainment story: Avengers: Endgame faces long odds against box office record
Hollywood Reporter

Big Four

Iowa

2020 candidates in Iowa, across the nation slam McDonald’s about pay, workplace conditions.

Gov. Kim Reynolds has signed a property tax bill into law. Here’s what that means for you.

New Hampshire

New Hampshire House overrides Sununu veto of death penalty repeal.

Nevada

Henderson keeps title as Nevada’s fastest-growing city.

South Carolina

Columbia is one of the most politically segregated regions in the country, data shows.

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