Dow Jones hits 20,000

From the WSJ.com:

Dow Hits 20000 for First Time

by Erik Holm

Since Election Day, the stock market has found fresh legs to add to one of the longest bull-market runs in U.S. history

Grab your hats.

The Dow Jones Industrial Average just powered through the 20000 level for the first time ever, setting an all-time intraday high three trading days after the inauguration of Donald Trump. Moments after the open, the Dow shot up to 20033.77.

The new record comes as stocks have been on the rise for much of the past three months, finding fresh legs since Election Day to add to one of the longest bull-market runs in U.S. history. The Dow industrials closed under 18000 as recently as Nov. 4, but have risen 12% since then.

The stock market was to have crashed terribly, worldwide, when the UK voted for Brexit last year. Yes, the stock market went down but it came back up.

Doomsayers — mostly on the Left — also insisted the stock market would tank following the election of Trump. Wrong. In fact, if benefited from the “halo effect.”

Businesses were hearing the right things. Some, who had plans to leave the US decided to stay where they were. American businesses are hearing the right words: lowering of corporate taxes, eliminating some regulations, ObamaKare mandates removed and/or changed, all from a president who wants to grow the country and knows how to build and how to make a payroll.

Caution.

Don’t get cocky.

Much of this number reflects reality. A lot of it doesn’t. Because of that — though the numbers are good and it’s an historic occasion — there will be a “correction” as they say. The correction will hurt. The Dow will go down. But it will all even out in the end.

Don’t think it’s going to continually be like this.

BZ

 

Texas Governor Abbott vs Travis County

Just as elections have consequences, we may finally be turning the corning on the corresponding axiom of “actions have consequences.”

First, the story from Statesman.com:

Abbott: Governor’s office to cut funding for Travis County after immigration policy change

by Tony Plohetski and Katie Hall

6:10 p.m. update: Soon after newly elected Travis County Sheriff Sally Hernandez announced she would be scaling back her department’s cooperation with federal immigration agents, Gov. Greg Abbott tweeted that his office will cut funding “for Travis County adopting sanctuary policies.”

“Stiffer penalties coming,” his tweet says.

This week, the American-Statesman reported that she had notified the county that it would soon no longer be complying with federal agents’ requests in many cases. The county consequently could lose up to $1.8 million in grants because the governor’s office requires compliance in order to receive grants. 

Gov. Greg Abbott said via Twitter in response to the Statesman’s report, “I’m about to up the ante. No more sanctuary cities in Texas.”

The Travis County sheriff’s office has a $169 million budget, according to the county’s budget website. The $1.8 million would represent 1 percent of that budget.

Earlier: In a major policy shift that is already being met with controversy, Travis County Sheriff Sally Hernandez on Friday announced that she is scaling back the amount of aid her department provides federal immigration agents in detaining suspects who may be in the country illegally.

Traditionally, the county has honored nearly all requests by U.S. Immigration and Customs Enforcement to hold a suspect booked into jail when agents have wanted to investigate their status further.

However, effective Feb. 1, sheriff’s officials will honor so-called immigration holds or “detainers” placed by federal authorities only when a suspect is booked into the Travis County Jail on charges of capital murder, aggravated sexual assault and “continuous smuggling of persons.” 

Sanctuary cities/counties/states do in fact violate federal law no matter what bias-enhanced fake news Leftist websites may indicate. That is the Illegal Immigration Reform and Immigration Responsibility Act of 1996. It specifically requires states and municipalities to cooperate with federal authorities when it comes to immigration enforcement. That is 8 USC section 1324.

To put the issue into perspective, I always enjoy including this quote from CSU Fresno Professor Victor Davis Hanson, a wonderful author as well.

Much of the rural West opposes the Endangered Species Act. Can Wyoming declare that federally protected rats and bugs are not protected inside its state borders, when such pests obstruct construction of dams or highways? Many conservatives oppose federal restrictions on gun sales. Could Oklahoma City declare hand-gun purchases within its city-limits free of federal firearms statutes? Perhaps Little Rock could ignore a Supreme Court ruling and announce that gay marriage is not legal within its jurisdiction. On what rationale would liberals in California object to such nullifications — that neither state nor city had the right to ignore a federal law or to obstruct the law enforcement duties of federal officials?

On a positive note, H.R. 83 was introduced on January 5th by Representative Lou Barletta (R, PA 11th), the Mobilizing Against Sanctuary Cities Act, which would cease federal funding to sanctuary regions or entities for one year. As Barletta said, “they would not get one federal cent.” We’re talking potentially billions of federal dollars of highway, education and medicaid cash.

We are a nation of laws operating under the rule of law. If we have no rule of law, then most any city, county or state may arbitrarily decide which laws they wish to obey or disregard. Therefore, if that stands, it logically follows that the individual likewise has the freedom to obey or disregard the laws that he or she chooses, when he or she chooses.

It is the path to chaos.

The time is now to stop the chaos, and establish and reaffirm discipline and sovereignty.

BZ

 

Obama’s parting lie

Serial liars, like serial arsonists or serial wife-beaters, have a compulsion that frequently cannot be suppressed. Such is the case with Hillary Rodham Clinton, as is the case with Barack Hussein Obama, former president.

From the NationalReview.com:

Obama’s Final Whopper as President

by John Fund

He claimed that other countries don’t have voter-ID laws, though many do.

President Obama is known for telling some whoppers — “If you like your health care plan, you can keep it” is perhaps the most infamous – so it shouldn’t surprise anyone that he told a final one as president right before leaving office last week.

At his final press conference, Obama promised that he would continue to fight voter-ID laws and other measures designed to improve voting integrity. The U.S. is “the only country among advanced democracies that makes it harder to vote,” he claimed. “It traces directly back to Jim Crow and the legacy of slavery, and it became sort of acceptable to restrict the franchise. . . . This whole notion of election-voting fraud, this is something that has constantly been disproved. This is fake news.”

Okay, stop right there. I have, just on my blog, example after example after example, many on video, of blatant examples of voter fraud. I haven’t even referenced the James O’Keefe Project Veritas voter fraud videos. So just stop, Obama.

But you can’t. You don’t have it in you. You are mentally incapable of telling the truth. Your Brain Housing Group simply isn’t wired that way.

The argument over whether or not there is voter fraud will rage on, in part because the Obama administration has spent eight years blocking states from gaining access to federal lists of non-citizen and other possibly illegal voters. Even so, there is abundant evidence that voter fraud is easy to commit. The Heritage Foundation’s website contains hundreds of recent examples of people convicted of stealing votes.

Voter fraud, thy name is California. I wrote that, in my estimation, Hillary Clinton was able to win the popular vote simply because of the existence of California. Further, that a massive amount of votes for HRC resulted from illegals having access to and taking advantage of voting in California.

But Obama’s first statement — that the U.S. is unique in trying to enforce ballot integrity — is demonstrably false.

All industrialized democracies — and most that are not — require voters to prove their identity before voting. Britain was a holdout, but last month it announced that persistent examples of voter fraud will require officials to see passports or other documentation from voters in areas prone to corruption.

Idea: use this article for reference when an uninformed Leftist begins the standard Jim Crow argument against voter ID. Or you can show them this video:

Please note: all the Caucasoids are ignorant and biased.

BZ

 

Media lies again: Trump did not remove MLK bust from Oval Office

The bust of Winston Churchill rests on the table at left.

I documented yesterday how the American Media Maggots — specifically CNN — the very day of Donald Trump’s inauguration, lied twice to the public. You can read the post, I won’t re-hash the situation.

The very next day the lies commenced once more, this time via Time magazine. From Breitbart.com:

FAKE NEWS on Day One: Spicer Scolds Press for TIME Reporter’s False Martin Luther King Bust Story

by Jerome Hudson

White House press secretary, Sean Spicer, scoldedTIME magazine White House pool reporter Zeke Miller on Friday for falsely reporting that the Martin Luther King Jr. bust had been removed from the Oval Office after President Donald Trump moved in.

Miller had initially tweeted Friday that the MLK Jr. bust, which then-President Obama put in the Oval Office after removing a bust of former British Prime Minister Winston Churchill in 2009, had been removed from the Oval Office.

Certainly an interesting and salacious news story, one that should have resonated throughout the cosmos with an undeniably-attractive theme that the American Media Maggots want desperately to be true: Donald Trump is so overtly racist that he couldn’t wait even one day to exhibit his true colors.

Please watch the Sean Spicer briefing.

One problem: it was incorrect. Fake news. Zeke Miller at least had the stones to admit his mistake; I thank him for that.

Concurrently, what Mr Obama has done, President Trump is undoing. That would also include returning the bust of Sir Winston Churchill to the Oval Office. The bust was a gift to President George Bush in 2001. Obama removed the British gift from his sight directly after he was inaugurated in 2009, as he was raised to believe the British were repressive colonialists and imperialists responsible for the persecution and subjugation of his grandfather, Hussein Onyango Obama.

A final note with regard to President Trump’s undoing of some of Mr Obama’s inclinations. It is no secret that Trump has said he will begin cutting budgets in various federal departments. Two of those departments are grand favorites of Hollywood Leftists everywhere: the National Endowment for the Arts, and the National Endowment for the Humanities.

The plan is to eliminate them wholesale.

BZ

 

Fake news: CNN keeps on lying

First, CNN published this on their Twitter page.

Nancy Sinatra replied with this Tweet.

Second, CNN misled people with this story:

When, in fact, during the inauguration the crowd looked like this.

This is an enlargement of the photo to which CNN referred.

Do you want to know the facts? The photo above, showing fewer people, was taken early in the morning of the inauguration. The photo showing a packed mall was taken during the inauguration itself, a few hours later.

CNN is becoming the American Media Maggot version of Hillary Rodham Clinton, who could not open her mouth without confirming her serial liar status. Honest journalism is dead; CNN insists on hammering that point home roughly every day.

Let’s not stop there. I’d like to show you some of the Tweets sent out on Donald Trump’s inauguration day, starting with Bill Kristol, a Republican.

Bill Kristol finds it “depressing and vulgar” to hear a president say the words “America first”? Are you absolutely kidding me? Actively advocating for your country is now anathema to those who claim to be Republicans?

Until December of last year, Kristol was the Editor-In-Chief at The Weekly Standard, a Republican magazine. A Never Trumper from the outset, Kristol was responsible for convincing Evan McMullan of Utah to run for president as an Independent.

Let’s next look at the Tweet of Kurt Eichenwald, who writes for Vanity Fair, Newsweek and the New York Times.

A ridiculous argument as ISIS needs no further motivation to recruit, other than infidels exist in the world, and that Western countries exist as well. And, uh, Kurt, allow me to please improve your Tweets. I think you meant “smug” instead of “snug.” Of course, I don’t want to be putting words in your mouth. I’d rather you just look as silly as you are already, yes?

Caitlin Moran proves she’s obviously a public school graduate where spelling never counted.

Then there’s the mature, loving, understanding, tolerant and sensitive Tweet of Canadian Leftist Ashley Csanady, who felt compelled to add photographs of Barron Trump to emphasize her point. Hell, he’s a Trump kid so he makes great fodder for insult and ridicule.

But wait, it gets better. There’s nothing finer than accusing Barron Trump of being your next home-schooled mass shooter. Now that’s insightful.

This time our compassionate, understanding, tolerant and sensitive Leftist, Katie Rich, an employee of NBC, believes that libeling Donald Trump’s 10-year-old son is perfectly splendid because, after all, he’s Donald Trump’s son. Fair game.

Ashley and Katie, does that make you feel empowered, like you’re “big women,” by taking shots at Barron Trump, a 5th grader?

There were many, many more examples but I had to draw the line somewhere. Can you imagine what would have occurred had anyone done these same things to Sasha and Malia in their formative years?

I simply lack the words.

BZ