Bear & Daegon

(Bear & Dragon)

The Dow Jones crossed the 40,000 level for the first time this morning. It has retreated some but it was a milestone none the less. Look for President Biden to take the usual un-deserved credit. 

Meanwhile, details are being developed as to how President Biden and former President Trump meet for their debate, the first apparently on CNN next month, so their counterparts from China and Russia, Premier Xi Jinping and President Vladimir Putin will themselves be gathering in Moscow. Ostensibly, the two leaders are meeting to discuss their own vision of a new Global Order, with Iran and North Korea as junior partners. However, a new item has appeared on the agenda. Donald Trump could return to Office.


Now, both the Peoples' Republic and Russia would both prefer Biden over Trump. Biden has been accommodating in the past, repealing certain Trump initiatives and tariffs. He all but gave the green light for the Ukraine invasion, that could come to a final resolution in short order. China still has designs on Taiwan but if Trump gets elected. how eager would Beijing remain for that venture ?


So, there will be interest abroad for the first Presidential debate because the respective performances of the two men will be telling. The Trump hush money trial should reach its own resolution and, by some outcome he is not found guilty, he would then get released from the cold court room, and if he gets back on the road, holds his rallies, before he meets Biden, Trump will be able to walk into the CNN studio with "moderators" Jake Tapper and Dana Bash, no Trump enthusiasts, would be exactly what the President could handle.


Which could diminish the impact. If Trump is un-fairly savaged, if he has a "mic-cut" event, the desired effect for President Biden would also be diminished. And what are the Chinese and Russians to make of the 100,000+ crowd Trump was able to pull over the weekend ? The conclusion has to be this: Trump is the other President with experience. He knows what works. That would be restored tariffs on China. It would mean the end to the Ukraine War.


When Trump faces Biden he will be able to discuss all that. And China and Russia will have to adjust.

Comments

Post a Comment

Popular posts from this blog

Siege Of The Alamo

(Siege Of The Alamo) Any visitor to Downtown San Antonio will recognize the City's most famous landmark, the Alamo. An old Spanish mission that means "Cottonwood" in English was the site where the likes of Jim Bowie, William Barrett Travis and Davy Crockett and about another 185 Texians defended the Mission and its compound for thirteen days against the Army of General Antonio Lopez de Santa Ana and his 5,000 troops. The garrison was finally reduced on March 6, 1836. However, the Texian defeat at the Alamo and another one at Goliad, bought time for General Sam Houston time to fall back and then face Santa Ana at San Jacinto. There, Houston's army surprised the Mexicans and yelling "Remember the Alamo, Remember Goliad !" all but wiped out the Mexican force. Santa Ana was captured and was forced to recognize the Republic of Texas. Which is now the State of Texas and, like 1836 Texas War of Independence, there is a new invasion from Mexico. Not the armed body o
Read more

TEQUILA !

(TEQUILA !) Happy Cinco de Mayo or May 5th. One can hope that a lot of you out there are awash in inebriation, seeking to mainline tequila shots or enjoying a nice margarita on the patio. Or, in other words, relax. Take a breath. De-compress. May 5th as it happens is the anniversary of Mexico's victory over French "occupation" of Mexico by Emperor Maximillian, brother to Austrian monarch Maria Theresa in what has been called the Battle of Puebla. The reason France was in Mexico in the first place was that Mexico, after the Mexican-American War and a more civil conflict called the Reform War, had bankrupted Mexico City. Mexican President at the time was Benito Juarez, who repudiated all foreign debt, of which France, Spain, and the United Kingdom were all major holders. A naval expedition was dispatched to Veracruz and France's Napoleon III thought it would be a good idea to establish a French "empire" in Mexico. But, on May 5th, 1862, in the aforementioned B
Read more

Intended Consequences

(Intended Consequences) For those Readers who live in the Tri-State area, who had the earthquake this morning, just be still.  There is a postulate called the Law of Un-Intended Consequences. Basically, it says that even with the best intentions, negative results sometimes happen. However, there are also instances when a negative result is precisely the desired outcome. Like with the Israel- Hamas war where the Biden Administration continues to press for an all but unilateral ceasefire on the part of Israel. In California, the new $20/HR minimum wage is wreaking havoc on the fast food industry. And finally, after depleting the Strategic Petroleum Reserve, oil has now become too expensive. How many times must the Biden Administration think it can influence Israeli affairs ? How many times must Israel ignore it. Threats from the President have become redundant at this point but is Biden really prepared to cut Israel loose ? In the middle of the greatest crisis Israel is facing since the
Read more