BloggeRhythms

While news providers trip all over each other in trying to provide flashes about the POTUS’s current dissatisfaction with Attorney General Sessions, the real problem may simply boil down to the fact that Trump is a businessman, not a politician. And therefore, the choices he makes are what he deems best for his organization at any particular point in time, despite the political issues that might be caused.

Yet, on the other hand, in regard to the areas he knows best, business, industrial leaders and their stockholders illustrate total confidence in the nation’s current economic outlook.
  
As reported by Fred Imbert @cnbc.com this morning: “U.S. stocks traded higher as more companies continue to report strong quarterly results.”

The Dow Jones industrial average rose 114 points to hit a record high as Dow-component Boeing posted earnings per share of $2.55, topping Wall Street estimates. “The S&P 500 also hit a record, rising 0.1 percent as telecommunications led advancers. The Nasdaq composite climbed 0.3 percent and also notched an all-time high.”

“Coca-Cola and Ford also posted better-than-expected quarterly results.

“Earnings season has been strong thus far. With 34 percent of S&P 500 components having reported as of Wednesday morning, 78 percent have beaten expectations on the bottom line and 73 percent have topped on sales, according to data from The Earnings Scout.

“Kim Forrest, senior equity analyst at Fort Pitt Capital, said she expects companies to continue reporting strong quarterly results this season. "The results are showing the economy continues to improve, so I would expect these types of results to continue."

At the same time, cnbc.com also reports that Apple-supplier Foxconn will announce a plant in Wisconsin on Wednesday evening. 

“The announcement would come on the heels of a Wall Street Journal interview with Trump, where he said he had spoken to Apple CEO Tim Cook about three U.S. factories. Apple has yet to comment on Trump's remarks. Cook told Jim Cramer on CNBC's "Mad Money" in May it would start a $1 billion fund to promote advanced manufacturing jobs in the United States. 

“With its wide network of developers, Apple has already created two million jobs in the United States, according to Cook. Apple supplier Corning told CNBC last week that it would "immediately" invest $500 million and create 1,000 new jobs in the United States, but those jobs were related to medical devices.”

However, despite Trump’s continual delivery as promised for the nation’s economy, job development and opportunity, the mainstream media maintains its relentless leftist-supportive assault on the POTUS’s non-existent Russian association. 

In this matter, Newt Gingrich has once again struck at the heart of the matter, suggesting the investigation change focus to where it really belongs. On the Clinton’s.

Jeff Poor writes @breitbart.com that “Tuesday on Fox News Channel’s “Fox & Friends,” former House Speaker Newt Gingrich called efforts to reopen the story of alleged corruption surrounding the Clinton Foundation “totally reasonable” given the environment the Democratic Party had created.

“According to Gingrich, questions about the Russian government’s associations with those tied to the 2016 Hillary Clinton presidential campaign deserved attention as well.

“Well, look, the president’s now had six months of watching the establishment go after him relentlessly, dishonestly with a whole series of falsehoods,” Gingrich said. “And he’s saying, ‘Wait a second, if we’re going to attack Don, Jr. for one 15-minute meeting, what about the fact that her campaign chairman’s brother was the registered lobbyist for a Russian bank? What about the fact that they had this uranium deal while she was secretary of state?”

“I mean, in a sense, the left has brought on itself creating an environment in which it is now totally reasonable to go back and reopen the whole Clinton Foundation story and ask if we want to look at Russian influence, there was a lot more money going to the Clintons by any standard than anybody has even begun to allege in any way affected the Trump operation, particularly since nobody’s found anything yet that affected the Trump operation,” he continued. “You know, Andy McCarthy, who’s a great former prosecutor in the Justice Department, keeps writing pieces saying there’s no crime here. How can Mueller be an independent counsel when they have yet to define a single crime?”

So, considering the facts involved, Trump’s reaction is exactly what it should be. And that’s what he’s upset with Sessions about now. 

As reported by Matthew Boyle @breitbart.com: “Trump is upset about how Sessions recused himself from the Russia investigation and did not tell him he would before he took office. Trump has a legitimate grievance there—there is literally no way that Eric Holder or Loretta Lynch would have recused themselves in a similar spot during their tenures as now former President Barack Obama’s attorneys general. Nonetheless, Trump has yet to directly call on Sessions to resign, and has not fired him—despite constant griping from the opposition party media pushing for that next soundbite for him to do so and to keep the story alive.”

Nonetheless, despite the facts of the matter stated above,  when politics are involved there are far more ramifications than would exist in the business world. 

As noted by author Boyle: “Sessions is a critical part of the Trump administration—and before there was a Trump administration, Sessions was a critical part of the “movement” that elected Trump to the presidency. Losing Sessions could endanger the administration and the split the critical coalition that helped Trump to the presidency. Doing that is something Trump supporters nationwide do not want to see—and in fact, with all the reports of Trump being upset after he fired Gen. Mike Flynn earlier this year, it might be wise for the president to slow down and think about this one before he fires away too harshly and quickly.”

History shows the depth of Sessions involvement in the Trump campaign and its critical importance from the outset as Boyle writes: “Sessions, the intellectual leader of the future of the conservative movement, has provided the brainpower behind the populist nationalist revolt against political elites that’s been emerging since at least 2013. At a warm and windy rally here with thousands present in a packed football stadium just outside Huntsville, Sessions appeared on stage with Trump to back him for president. Sessions’ endorsement provides Trump with even more legitimacy as Trump’s two remaining serious opponents—Sens. Marco Rubio (R-FL) and Ted Cruz (R-TX)—attempt to undermine him in a desperate bid by the donor class to regain control of the party from populists revolting in elections around the country. Sessions backing Trump is a significant blow to both Rubio and Cruz, as now the powerful Alabamian will be putting his entire operation all in behind Trump.

“The new book Devil’s Bargain: Steve Bannon, Donald Trump and the Storming of the Presidency also includes critical details about how Sessions knew that endorsing Trump was a critical moment in his career. If he failed to succeed in getting Trump not only the nomination but into the Oval Office past Democrat Hillary Rodham Clinton in the November 2016 general election, he would not have a future at all in GOP politics. Sessions bet it all on Trump, and they won.

“He became the first U.S. Senator to back the now-President of the United States. It was, as we reported at the time, a “game change” moment in the campaign—as big a deal as any other moment over the two years of Trump’s meteoric rise to the Oval Office.”

All of which serves to underline the point that politics is quite a different game than running one’s own business. And since that will remain the case, it might be best if Trump backed off the issue at present, giving Sessions some time to adjust his focus. 

Because even if Trump is absolutely correct in his analysis of Sessions, in the eyes of the mainstream media, his political opponents and many current supporters, Trump will still be perceived as wrong. And while that’s something that may not matter when running privately-owned enterprises, it can be a total disaster in the job he holds now.

That’s it for today folks.

Adios