WASHINGTON. Today, Wednesday, August 22, 2018, will go down as the day the longest bull market run in history broke all previous records. It marks the 3,453 day since the S&P 500 hit the lowest mark of 666 on March 9, 2009 — the height of the financial crisis that toppled us into the Great Recession. Stocks are up 322% since March 2009, when the Great Recession-crushed market hit bottom. Yet the MSM predictably obsessed over Tuesday’s Paul Manafort trial results and the greatly over-hyped Michael Cohen conviction. The current, awesome Trump bull market — not so much.
Call it “A Tale of Two Memes”: the Trump Impeachment Meme vs. the Greatest U.S. Economy Ever Meme.
Manafort and Cohen: The 24/7 MSM Bafflegab Attack
The Manafort trials — there’s another one yet to come — and the Cohen debacle give the Deep Staters and the Democratic-Socialist party a lot to gasbag about. They’re already plugging the Trump impeachment angle they prefer to associate with this story. That, they figure, will help the Democrat-Socialists turn out their obedient sheeple this fall, ensuring that Absolutely Guaranteed Congressional Blue Wave.
Manafort’s tangle of financial issues ultimately has little if anything to do with President Trump or his 2016 campaign. The Cohen issue appears more serious on the surface. That’s particularly given the involvement of his current lawyer, longtime Clintonista Lanny Davis. Lanny is already busy spinning events the way CNN likes them. But there’s a 95 percent chance that, like all the other fake news we’ve endured for over two years running, the current Cohen flap will end up as more sound and fury signifying nothing. Or not much.
Jarrett weighs in on the merits of the Manafort and Cohen conviction media meme
That’s what at least one Fox News correspondent thinks. And with good reason.
“Fox News legal analyst and bestselling author Gregg Jarrett said it’s “deceptive and misleading” for pundits and lawmakers to suggest President Trump is an “unindicted co-conspirator” in crimes committed by Michael Cohen.
“Cohen, Trump’s former personal attorney and confidant, admitted Tuesday to violating federal campaign finance laws in 2016 by arranging hush money payments to adult film star Stormy Daniels and former Playboy model Karen McDougal “at the direction” of then-candidate Trump.
“Cohen pleaded guilty to five counts of tax evasion, one count of making false statements to a financial institution, one count of willfully causing an unlawful corporate contribution, and one count of making an excessive campaign contribution.”
Other voices, other memes
Enter the familiar voice of a well-known Clinton Crime Family shill:
“‘If those payments were a crime for Michael Cohen, then why wouldn’t they be a crime for Donald Trump?’ Cohen’s attorney, Lanny Davis, tweeted Tuesday.
“On ‘Fox & Friends’ on Wednesday, Jarrett said even if Cohen is telling the truth that Trump directed him to pay off the women, Trump would not have done anything illegal.”
- Trump was NOT named as an unindicted co-conspirator; and
- Payoffs to individuals, whether they have a real grievance or not. These are, unfortunately, part of the American way of life for the rich and famous like Trump. It’s also true for major U.S. corporations. Nuisance lawsuits are routinely “settled” with the payment of a set sum in return for some kind of non-disclosure agreement. Whether the charges are bogus or not, this allow people and businesses to move on regardless of the merit of the case. As Jarret and others, including liberal law professor Alan Dershowitz state, there’s nothing illegal about this at all.
Lanny Davis, Clintonista Shill Extraordinaire
That’s no problem for Clinton shill Lanny Davis, however. As always, he’s doing the bidding of the behind-the-scenes Clinton Crime Family. He’s also helping the Democratic-Socialists by preparing the fall battlefield. In this, he’s aided and abetted by the hyper-partisan Mueller prosecution team. It’s all Washington, D.C.’s Deep State. Once again they are parading their corruption for all to see.
What they don’t want voters to see is the spectacular success of the ongoing Trump Bull Market, which broke that significant record today. But these efforts had little effect Wednesday. True, the Dow pulled back from its highs today, and the broad-based S&P 500 lost a piddling 0.04 percent. But the tech-heavy NASDAQ blasted ahead yet again. The widely followed Russell 2000 index of small cap stocks followed suit.
Now, back to our regularly scheduled bull market run.
In other words, the folks with the money responded to the MSM’s 24/7 “Trump Impeachment” hype with a resounding “Meh!” It’s ironic that most of these people more than likely funded — generously — Hillary Clinton’s second failed run at the U.S. Presidency. That said, however, when it comes to money, these virtue-signaling Masters of the Universe quietly place their bets with Donald John Trump and his business-liberating policies.
As for Wednesday’s dull trading results, it’s more than likely that the Dow took a small haircut today due to predictable profit-taking after the market’s most recent, spectacular surge. Traders and investors are still waiting as well to see what the Fed will do about interest rates; what will happen with the U.S.-Mexico NAFTA deal (if it happens); and what will unfold next with that apparently budding “trade war” with an intransigent Communist China. For which Trump actually holds most of the cards, by the way.
Headline illustration: Cartoon by Branco. Reproduced with permission and by arrangement with Legal Insurrection.