The Morning Briefing: Frightening Question—Who Will Be Running Biden's Brain?
Biden’s Brain Is Vacant Real Estate and Up for Sale
Happy Monday, dear Kruiser Morning Briefing friends. I’ve had my feelings cryogenically frozen for the time being.
We’ve finally arrived at Regime Change Week and the 400-year-long election will soon be at an end. We hope.
The only thing that is certain going forward is that there is no middle ground when it comes to the way Americans view the future. One side seems to think the Republic is headed for a happier, calmer time. People like me think this once-great country is about to begin its death rattle. There’s a chasm here that isn’t going to be closed up any time soon.
The Biden nightmare administration is going to have a lot of moving parts. None of them, however, are going to be in the new president’s brain. We will all be keeping a close eye on the background players to try and figure out which one is pulling the strings of the drooling puppet POTUS.
Guessing who will be running Grandpa Gropes’ brain has turned into a political parlor game in recent weeks. We’ve all been making jokes about Biden’s need for a food taster whenever he’s dining with his vice president. There’s no doubt an element of truth to that. Kamala Harris hasn’t been very good at hiding her ambition these last several months and she’s probably already measuring the Oval Office for drapes.
Here in Morning Briefing Land, we’ve been discussing a tug-of-war between Harris and DOCTOR Jill Biden. Most of that was before Biden began recycling all of the worst of the Obama administration. My colleague Mike Miller wrote yesterday at RedState about some thoughts that former Acting Director of National Intelligence Richard Grenell had about one of those retreads;
“I think you need to watch Susan Rice very closely. She will be the shadow president. We have a president-elect in Joe Biden who clearly is not the Joe Biden of 10 years ago. He’s not even the Joe Biden of 5 years ago when it comes to policy issues.”
I will admit that the addition of Susan Rice to Team Biden was unnerving. Most of the swamp retreads Biden is surrounding himself with are so unremarkable that there isn’t much to worry about. Rice, however, wielded a lot of power during the Lightbringer years and knows how to work things behind the scenes better than Harris or DOCTOR Jill. Grenell is probably right about watching her.
Still, I think it’s Mrs. Biden who will be running the White House at first. I’ve thought that all along. Let’s be honest, it was most likely her ambition that got old Gropes to run this time around. Watching his mental decline play out so publicly was rough for even those of us who aren’t fans of his. That his wife gleefully put up with it would seem to indicate that her ambition is even more naked than that of her husband’s second in command.
Mrs. Biden’s private access to her husband shouldn’t be dismissed. There will be a lot of alone time when she can plant various seeds of freedom destruction in Joe’s empty head. Who knows how much of that might make it into policy? Remember, DOCTOR Jill is a member of the National Education Association, and I’m sure that collection of Satan spawn have a lot they’d like her to pass on.
One thing that shouldn’t be overlooked is the influence of Barack Obama. With the Biden administration being little more than Obama 2.0, it’s not out of the realm of possibility that President Momjeans could be crafting policy from afar.
One idea that no serious person would entertain is that Joe is going to be doing his own thinking. In the months leading up to the election and the months since, I have yet to hear one Democrat say something positive about Biden. It’s all just Trump-hate. They know Biden’s last brain cell left the station a long time ago.
This should be super fun. Pray that they don’t ban the sale of alcohol.
Biden Names Ex-Goldman Sachs Banker Turned Wall Street Foe Gary Gensler to Head SEC
President-elect Joe Biden is set to nominate Gary Gensler, a former Goldman Sachs banker who chaired the Commodity Futures Trading Commission in the Obama administration’s early years, as the next chair of the Securities and Exchange Commission.
Biden announced the pick Monday, along with his plan to name Rohit Chopra as the director of the Consumer Financial Protection Bureau. Chopra, a commissioner at the Federal Trade Commission, is considered an ally of Sen. Elizabeth Warren. He helped launch the agency in 2008 and served as deputy director during the Obama administration.
Gensler was fiercely critical of Wall Street during his time at the CFTC and fought for more regulation of the derivatives business, surprising some in finance and the administration. President Obama declined to nominate him for a second term and Gensler was replaced by Timothy Massad, who was seen as far less threatening to Wall Street firms.
Gensler has many critics on Wall Street, including inside Goldman, and many former Obama administration officials have been critical of his approach, saying he sought blunt, unilateral regulation where nuance and international cooperation were more appropriate. Other critics say that despite Gensler’s enthusiasm for reining in Wall Street’s derivatives business he was ultimately ineffective because he was outsmarted and outflanked by Obama administration officials who wanted a lighter regulatory touch.
Republican leader of the House Financial Services Committee, Patrick McHenry (R-NC), praised the nomination on Monday.
“Gary’s acceptance of financial technology and cryptocurrency is a welcome change from many Democrats who avoid innovation just because they don’t understand it,” McHenry said.
Democrats Again Consider Bailing Out the Wealthy with Billions in Tax Cuts
Democrats are again considering legislation to provide their wealthy blue state donors with billions by ending the cap on a tax deduction.
As President-elect Joe Biden has released his $1.9 trillion Chinese coronavirus relief package that offers $1,400 stimulus checks to working and middle class Americans, rather than the $2,000 checks that President Trump had requested, Democrats are resurrecting their goal of providing tax breaks to the wealthiest of Americans, mostly concentrated in coastal blue states.
The plan once again being considered by Democrats on the House Ways and Means Committee would end the cap on the SALT tax deduction that was strictly limited by Trump in 2017. Ending the cap over the next two years would give millionaires and billionaires a massive windfall while costing about $136 billion.
The Daily Poster contrasted the elimination of the cap to the cost of stimulus checks:
If Democrats choose to permanently repeal the cap, it would cost almost $600 billion — or three times the amount it would cost to boost the $1,400 checks to $2,000. [Emphasis added]
…
$2,000 checks would target help to the bottom 60 percent of income earners, who would see an average increase of 11 percent in their annual income, and it would be a particularly big income boost for the poorest Americans. By contrast, the SALT deduction would mostly benefit wealthy households, with the top 5 percent of households receiving over 80 percent of the benefit. [Emphasis added]
The top 1 percent of households would get roughly 60 percent of all the benefits of a SALT cap repeal, which translates to “an average tax cut of more than $33,000,” wrote Howard Gleckman of the Tax Policy Center. [Emphasis added]
In March 2020, the Committee for a Responsible Federal Budget wrote in an analysis that ending the cap would ensure that “the average household making over $1 million would receive over $100,000.”
“Households making less than $50,000 would receive almost no benefit from repealing or raising the SALT cap,” the analysis stated.
As Breitbart News reported in May 2020, House Speaker Nancy Pelosi (D-CA) sought to include the elimination of the cap in the HEROES Act.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
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