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Death of DACA – Rule of Law, Midterm Elections & the RAISE Act

September 5, 2017 by Jeff Carlson, CFA

“In ordering this blanket exception, President Obama was nullifying part of a law that he simply disagreed with.….If a president can claim sweeping discretion to suspend key federal laws, the entire legislative process becomes little more than a pretense…The circumvention of the legislative process not only undermines the authority of this branch but destabilizes the tripartite system as a whole.” – George Washington University Law School Professor Jonathan Turley

“The executive branch, through DACA, deliberately sought to achieve what the legislative branch specifically refused to authorize on multiple occasions. Such an open-ended circumvention of immigration laws was an unconstitutional exercise of authority by the Executive Branch.” – Attorney General Jeff Sessions

Attorney General Jeff Sessions formally announced the decision to rescind Obama’s Deferred Action for Childhood Arrivals program, or DACA on September 5, 2017:Continue Reading

Bannon, Democrats & a Recent Poll

August 18, 2017 by Jeff Carlson, CFA

“I built a f***ing machine at Breitbart. And now I’m about to go back, knowing what I know, and we’re about to rev that machine up. And rev it up we will do.” – Steve Bannon

Bannon is out.

This had been forecast for a couple weeks – and became a near certainty given his recent interview with American Prospect.

Reports indicate Bannon submitted his resignation two weeks ago – perhaps after realizing an inevitable ouster was forthcoming.

Democrats should not be cheering the move.

Bannon Unleashed is a formidable force to be reckoned with. He can almost certainly accomplish more outside the White House than from within.Continue Reading

Reframed – Trump’s Press Conference, Antifa & the Left

August 16, 2017 by Jeff Carlson, CFA

Charlottesville was recently the site of great ugliness.

One that hid a larger battle lurking just beneath the surface.

The real battle was not limited to racism – although that element was clearly on display.

The real battle was over Free Speech and our Constitution. Our Institutions and our way of life.

There are many Americans – myself included – who oppose tearing down historical monuments. We support Freedom of Speech and don’t believe in whitewashing the past. We also found the displays of racism, violence and suppression of speech in Charlottesville – from all sides – as completely repugnant. That doesn’t make us Nazis or fascists.

But some would have it seem so.Continue Reading

Globally Leveraging our Energy Production

August 10, 2017 by Jeff Carlson, CFA

Dr. Sebastian Gorka recently referred to the U.S. as a Hyperpower. He is correct.

But power is not purely military. Power is also economic might and influence.

The two are inexorably linked to the other.

President Trump campaigned on energy independence for the United States. He immediately followed through on those promises by signing the Energy Independence Policy Executive Order, which unleashed a wave of U.S. energy production.Continue Reading

An Interesting Interview with Rod Rosenstein

August 7, 2017 by Jeff Carlson, CFA

Deputy Attorney General Rod Rosenstein gave an interview to Chris Wallace on August 6, 2017. The interview contained some very interesting comments on the DOJ’s investigations into leaking. Even more interesting were comments made regarding the Mueller Investigation. The full video is below:

Continue Reading

Trump, McMaster & Trust

August 5, 2017 by Jeff Carlson, CFA

Over the past several days, there has been a suspicious buildup of voices calling for the firing of National Security Advisor Lt. Gen H.R. McMaster. It started on Twitter and quickly spilled into the MSM. It’s not the first time this has happened. There was a big push for McMaster’s ouster back in May 2017, as well.

The accusations leveled at McMaster are many, but they generally boil down to this. He’s a Globalist, anti-Israel – and opposes many of President Trump’s policies.

He’s been accused of firing behind-the-scenes Trump loyalists, particularly Ezra Cohen-Watnick, the senior director for intelligence on the National Security Council – a man about which very little is actually known.

That McMaster has fired these people is fact. The loyalties and motives of those fired is not.Continue Reading

Fusion GPS, the Trump Dossier, Russian Money & the Magnitsky Act

July 30, 2017 by Jeff Carlson, CFA

Fusion GPS is the firm who commissioned the infamous – and discredited – Steele dossier on President Trump. Fusion GPS is currently stonewalling the Senate Judiciary Committee’s investigation into Fusion GPS ties to the Democratic Party. And Fusion steadfastly refuses to say who paid for the dossier.

Now, it turns out that Fusion GPS was employed by the Russian government – at the exact same time that Fusion commissioned the Trump dossier.

Stop and think on that a moment.

The FBI was actually utilizing propaganda potentially commissioned by Russia as a reason for launching the entire Trump-Russian investigation in the first place.Continue Reading

A Letter from Devin – Unmasking the Leakers

July 29, 2017 by Jeff Carlson, CFA

Devin Nunes, Chairman of the House Intelligence Committee, has sent a letter to Daniel Coates, the Director of National Intelligence regarding the issue of unmasking and intelligence leaking.

We have found evidence that current and former government officials had easy access to U.S. person information and that it is possible that they used this information to achieve partisan political purposes, including the selective, anonymous leaking of such information.

The committee has learned that one official, whose position had no apparent intelligence related function, made hundreds of unmasking requests during the final year of the Obama administration. Of those requests, only one offered a justification that was not boilerplate and articulated why that specific official required the U.S. person information for the performance of his or her official duties.

That unnamed individual is almost certainly former UN Ambassador Samantha Power.Continue Reading

14 Issues Worthy of Investigation – A House Judiciary Request

July 29, 2017 by Jeff Carlson, CFA

The House Judiciary Committee issued a press release on July 27, 2017, stating that a formal request for the appointment of a second Special Counsel has been made to Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein. The actual letter may be viewed here.

The Judiciary Committee members were specific in their request. They are asking for investigation into the following:

The members call for the appointment of a second special counsel to investigate grave concerns such as former Attorney General Lynch’s directive to former FBI Director Comey to mislead the American people on the nature of the investigation into former Secretary Clinton; the FBI and Justice Department’s investigative decisions related to the Clinton email investigation, including the immunity deals given to potential co-conspirators; selected leaks of classified information that unmasked U.S. persons incidentally collected upon by the intelligence community; and the FBI’s reliance on “Fusion GPS” in its investigation of the Trump campaign, among many others issues.Continue Reading

A Corporate Takeover – Seeing Politics As Business

July 26, 2017 by Jeff Carlson, CFA

“At the center of this movement is a crucial conviction, that a nation exists to serve its citizens.” – President Donald J. Trump

What do all these members of President Trump’s Administration have in common? Hint, the answer is not Goldman Sachs…

Steve Mnuchin – Treasury Secretary – Investment Banker, member of Management Committee and CIO at Goldman Sachs, hedge fund manager, purchased and salvaged IndyMac

Wilbur Ross – Commerce Secretary – Billionaire private equity investor, Leveraged Buyout (LBO), bankruptcy and restructuring expert

Gary Cohn – Chief Economic Advisor and Director of the National Economic Council – Investment Banker, President and COO at Goldman Sachs

Dina Powell – Deputy National Security Advisor for Strategy – Managing Director and Partner at Goldman Sachs

Carl Icahn – Regulatory Overhaul Advisor – Billionaire investor, Leveraged Buyout (LBO), bankruptcy and restructuring expertContinue Reading

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Jeff Carlson is a CFA® charterholder.

He worked for 20 years as an analyst and portfolio manager in the High Yield Bond Market. He holds degrees in finance and economics.

He can be found on X (Twitter) at @themarketswork or on Substack at Truth Over News

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