Saturday, September 23, 2023

Biden family storm potential

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If President Joe Biden didn't have enough to worry about with epic low approval ratings, a massive border crisis, rampant inflation, unclaimed cocaine deposits in the White House and a deeply polarized Congress, the corruption charges levied against NJ Senator Bob Menendez yesterday reminded me of the President's other smoldering problems...  

#1.   "10 held by H for the big guy?"  According to an article from the Washington Post Fact Checker, an email from one of Hunter's business associates proposes a profit allocation of 20% for each associate except for Hunter's Uncle Jim Biden, who would get 10% -- and a remaining 10% allocable to the "big guy" which would be held by Hunter.   

The email author has asserted that the big guy actually refers to Jim Biden, not Joe Biden.  However, one of the other business associates in receipt of the email, said that's false and that it actually referred to Hunter Biden's father.  Who's telling the truth?

The project was a flop and so there's no financial benefit (at least from this venture) that inured to the benefit of whomever the big guy is, but the whole Jim Biden--Big Guy explanation is odd.  If the email author and business partner was already proposing a 10% allocation for Jim Biden, why would he propose that his nephew hold another 10% for him?  Why escrow this 10% kicker with Hunter instead of just paying Jim Biden 20%?  And is there a history of these business partners calling Jim Biden the big guy?   

#2.  The second problem is an allegation that if proven, could become equally injurious to President Biden's administration.  The allegation is that the Justice Department may have deliberately impeded the investigation of Hunter Biden's tax problems.  That allegation is supported by two highly credible IRS sources.  If this can be proven, President Biden would presumably allege he knew nothing of it and sack Justice officials on the order of President Nixon's firing of Archibald Cox in 1973 to thwart impeachment.  Of course, if it is proven that Joe Biden did know of investigation obstruction; let alone approved of it, he's finished.  

I hasten to add, that's a big "if" and it's too early to credibly draw such a conclusion.  Yet, if problem #2 has legs, America would sadly witness corruption at least as serious as the famous cover up of a third rate burglary.         


Saturday, September 16, 2023

A late summer rant and a rave

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1. Let's start with a new movie called, "Dumb Money".  After watching the trailer for Dumb Money and seeing a couple of ads, the experience raised a question in my it OK to criticize a film one has never seen?  Logic dictates that the answer is no.  Call me illogical.

What turned me off initially was the commercial touting how the film" a riotous middle finger to the capitalist swine on Wall Street."  My, how deliciously Populist.  The film creators have obviously positioned Dumb Money as a paean to the little guy fighting against the evil asset managers, punctuated with an F-bomb per minute, until the digitally-wired counter culture decks the big money guys holding a large short position.  

Yes it happened, but I'm tired of class war art.  In this case, people will make a lot of money by trashing Capitalism and its adherents.  Quite a paradox.

2. Let's end with a positive take on American Express's new method to redeem cardmember reward points.  In the old days, if you wanted to cover a portion of your card charges with points; you had to go through this ritual of scrolling through transactions and applying points individually by transaction, in order to obtain the credit against your balance of charges.  Not anymore!  

One click and the entire value of your points is credited against your next bill.  No more trolling and scrolling through your transactions and applying points by transaction to obtain the credit.  Stupendous.