Tag Archives: 2016 elections

Voting-Rights Advocates Keep Scoring Major Victories, But the Fight Isn’t Over Yet

Mother Jones

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Update, 8/16/16, 12:04 p.m.: North Carolina Gov. Pat McCrory formally asked the Supreme Court late Monday night to reinstate the state’s voter ID law. “Allowing the Fourth Circuit’s ruling to stand creates confusion among voters and poll workers and it disregards our successful rollout of Voter ID in the 2016 primary elections,” McCrory said in a statement. “The Fourth Circuit’s ruling is just plain wrong and we cannot allow it to stand. We are confident that the Supreme Court will uphold our state’s law and reverse the Fourth Circuit.”

Over the last month and a half, voting rights advocates have scored a string of legal victories against state-level voting restrictions in North Carolina, Wisconsin, Texas, Kansas, Ohio, Michigan, and North Dakota. Still, for many voters, the rules for Election Day remain in flux.

“There’s a lot of uncertainty on what the rules are going to be, and we’re getting closer to the early voting period,” says election law expert Rick Hasen. “That kind of uncertainty creates problems.”

Where do the problems begin? First, it will be up to state and local election officials to inform voters of their rights months before the general election. On Wednesday, nearly three weeks after a federal appeals court determined that Texas’ voter identification law had a discriminatory effect on black and Latino voters, state officials reached an agreement that gave people the option to sign a form stating they had a “reasonable impediment” in acquiring a photo ID to vote in November. (Texas Attorney General Ken Paxton has said he planned to appeal the decision in the future.)

As part of the arrangement, Texas officials agreed to allocate $2.5 million toward an education campaign to let voters know about the changes. Poll workers would have to know that voters can cast ballots without an ID, leaving open the potential for confusion on Election Day, Hasen says. “There are a lot of polling places in Texas,” he adds. “It’s going to take a lot of effort to get the word out.”

Restrictive voting laws in Wisconsin and North Carolina also went in front of federal judges earlier this summer. In late July, a federal appeals court found that North Carolina’s voter identification law was passed with “discriminatory intent” that burdened African American voters “with almost surgical precision.” The ruling brought down numerous provisions that included instituting new identification requirements, eliminating same-day voter registration, and reducing the time for early voting, among others. The decision has left it up to county election officials to decide how long voters will have during the early voting period to cast their ballots as state officials prepare for a high voter turnout. Meanwhile, Gov. Pat McCrory said he plans on appealing the decision to the Supreme Court.

Last Wednesday, a panel of federal judges took a different tack in Wisconsin, putting on hold a lower-court ruling that let voters without the necessary ID sign a form showing that they had reasonable issues with obtaining an ID. They concluded that the case would “likely to be reversed on appeal and disruption of the state’s electoral system in the interim will cause irreparable injury.” A federal judge in a separate case found that several of Wisconsin’s voting restrictions were unconstitutional and that its voter ID rules should be changed. The appellate panel decision effectively ensures Wisconsin voters operate under the state’s voter ID law, pending an appeal to the 7th Circuit or the Supreme Court.

Now, with the general election quickly approaching, those hoping to further shape the voting rights landscape via the courts have only a few weeks left to appeal their cases. The ACLU filed a petition on Thursday to get the entire 7th Circuit to rule on the case in Wisconsin. In the North Carolina case, Hasen notes, the court gave its decision in late July under the state’s assurances it could comply with any possible changes ordered before the November election. It’s been 17 days and counting since the decision came down, and the state has yet to file an appeal.

In the past, the Supreme Court has issued emergency stays on orders shortly before elections. A month before the 2014 midterm elections were set to begin, for example, the justices took action in three familiar cases involving North Carolina, Texas, and Wisconsin. The justices blocked Wisconsin’s attempt to implement its strict voter ID law, yet permitted Texas’ and North Carolina’s voting restrictions to continue for the midterms without an opinion. A stay in the more recent North Carolina’s case “threatens to confuse voters further, and to make election administrators’ life hell,” Hasen wrote in a recent blog post.

And this time around, timing isn’t the only question for the justices. With the Supreme Court currently divided after the death of Antonin Scalia, last-minute challenges before the justices could result in split decisions that could ultimately empower the lower courts’ decisions. “Everyday it’s a different set of rules,” Hasen says, “so you can’t really have a concerted education effort until you have some finality.”

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Voting-Rights Advocates Keep Scoring Major Victories, But the Fight Isn’t Over Yet

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The Trump Files: When Donald Tried to Shake Down Mike Tyson for $2 Million

Mother Jones

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Until the election, we’re bringing you “The Trump Files,” a daily dose of telling episodes, strange-but-true stories, or curious scenes from the life of GOP nominee Donald Trump.

Donald Trump often promises to give money to charity, but he’s much better at handing out other people’s cash than his own. So it’s no surprise that Trump once tried to strong-arm boxing legend Mike Tyson into giving him $2 million, ostensibly for charity, in 1988.

That June, Trump hosted Tyson’s heavyweight fight against Michael Spinks in Atlantic City, New Jersey, holding it in an arena next to the Trump Plaza casino. It was part of Trump’s play to become a big-time figure in boxing, but his next move went even further. Less than two weeks after Tyson beat Spinks, Trump announced he was becoming a business adviser to Tyson. Any money he made from the arrangement, Trump claimed at a press conference, would go to charities for fighting “AIDS, cerebral palsy, multiple sclerosis” and “helping the homeless.”

Tyson’s life got increasingly chaotic after the fight. He told reporters he was “burned out” and announced his retirement at age 22. His marriage to Robin Givens was falling apart. (Givens later alleged that Tyson abused her while the two were married.) And he was in the middle of suing his manager, Bill Cayton, whom Trump helped push aside when he slid into Tyson’s circle. But despite the turmoil in Tyson’s personal and professional life, Trump wanted Tyson to fork over the payment for his expert advising services.

“As you are aware, I was very happy to beat Bill Cayton and reduce the ridiculous fees he was getting from you both on his management and personal service contracts,” Trump wrote in a letter to Tyson on October 21, 1988. “Not only was this time-consuming, but tremendous energies and knowledge were displayed—much as you display your energy and knowledge in the ring against an opponent. Over the course of your career, I have probably saved you substantially in excess of $50,000,000 and therefore, the $2 million contribution, all of which will go to worthy charities, is very reasonable. If you could ask your accountants to write a check to the ‘Donald J. Trump Foundation’, I will distribute the money in my name and yours and will let you have a list of the charities which benefited.”

It’s not clear whether Tyson actually made the payment. If he did, Trump might be the only person who benefited. According to BuzzFeed, which reviewed the Trump Foundation’s records in June, the $2 million donation never appeared.

But the demand clearly didn’t hurt Trump and Tyson’s friendship. Trump later publicly suggested striking a deal so Tyson could avoid jail time for rape, and Tyson, who is now Muslim, has even endorsed the GOP nominee despite his Islamophobic stances.

Read the rest of “The Trump Files”:

Trump Files #1: The Time Andrew Dice Clay Thanked Donald for the Hookers
Trump Files #2: When Donald Tried to Stop Charlie Sheen’s Marriage to Brooke Mueller
Trump Files #3: The Brief Life of the “Trump Chateau for the Indigent”
Trump Files #4: Donald Thinks Asbestos Fears Are a Mob Conspiracy
Trump Files #5: Donald’s Nuclear Negotiating Fantasy
Trump Files #6: Donald Wants a Powerball for Spies
Trump Files #7: Donald Gets An Allowance
Trump Files #8: The Time He Went Bananas on a Water Cooler
Trump Files #9: The Great Geico Boycott
Trump Files #10: Donald Trump, Tax-Hike Crusader
Trump Files #11: Watch Donald Trump Say He Would Have Done Better as a Black Man
Trump Files #12: Donald Can’t Multiply 17 and 6
Trump Files #13: Watch Donald Sing the “Green Acres” Theme Song in Overalls
Trump Files #14: The Time Donald Trump Pulled Over His Limo to Stop a Beating
Trump Files #15: When Donald Wanted to Help the Clintons Buy Their House
Trump Files #16: He Once Forced a Small Business to Pay Him Royalties for Using the Word “Trump”
Trump Files #17: He Dumped Wine on an “Unattractive Reporter”
Trump Files #18: Behold the Hideous Statue He Wanted to Erect In Manhattan
Trump Files #19: When Donald Was “Principal for a Day” and Confronted by a Fifth-Grader
Trump Files #20: In 2012, Trump Begged GOP Presidential Candidates to Be Civil
Trump Files #21: When Donald Couldn’t Tell the Difference Between Gorbachev and an Impersonator
Trump Files #22: His Football Team Treated Its Cheerleaders “Like Hookers”
Trump Files #23: The Trump Files: Donald Tried to Shut Down a Bike Race Named “Rump”
Trump Files #24: When Donald Called Out Pat Buchanan for Bigotry
Trump Files #25: Donald’s Most Ridiculous Appearance on Howard Stern’s Show
Trump Files #26: How Donald Tricked New York Into Giving Him His First Huge Deal
Trump Files #27: Donald Told Congress the Reagan Tax Cuts Were Terrible
Trump Files #28: When Donald Destroyed Historic Art to Build Trump Tower
Trump Files #29: Donald Wanted to Build an Insane Castle on Madison Avenue
Trump Files #30: Donald’s Near-Death Experience (That He Invented)
Trump Files #31: When Donald Struck Oil on the Upper West Side
Trump Files #32: When Donald Massacred Trees in the Trump Tower Lobby
Trump Files #33: When Donald Demanded Other People Pay for His Overpriced Quarterback
Trump Files #34: The Time Donald Sued Someone Who Made Fun of Him for $500 Million
Trump Files #35: Donald Tried to Make His Ghostwriter Pay for His Book Party
Trump Files #36: Watch Donald Shave a Man’s Head on Television
Trump Files #37: How Donald Helped Make It Harder to Get Football Tickets
Trump Files #38: Donald Was Curious About His Baby Daughter’s Breasts
Trump Files #39: When Democrats Courted Donald
Trump Files #40: Watch the Trump Vodka Ad Designed for a Russian Audience
Trump Files #41: Donald’s Cologne Smelled of Jamba Juice and Strip Clubs
Trump Files #42: Donald Sued Other People Named Trump for Using Their Own Name
Trump Files #43: Donald Thinks Asbestos Would Have Saved the Twin Towers
Trump Files #44: Why Donald Threw a Fit Over His “Trump Tree” in Central Park
Trump Files #45: Watch Trump Endorse Slim Shady for President
Trump Files #46: The Easiest 13 Cents He Ever Made
Trump Files #47: The Time Donald Burned a Widow’s Mortgage
Trump Files #48: Donald’s Recurring Sex Dreams
Trump Files #49: Trump’s Epic Insult Fight With Ed Koch
Trump Files #50: Donald Has Some Advice for Citizen Kane
Trump Files #51: Donald Once Turned Down a Million-Dollar Bet on “Trump: The Game”

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The Trump Files: When Donald Tried to Shake Down Mike Tyson for $2 Million

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The Trump Files: Donald Once Turned Down a Million-Dollar Bet on "Trump: The Game"

Mother Jones

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Until the election, we’re bringing you “The Trump Files,” a daily dose of telling episodes, strange-but-true stories, or curious scenes from the life of GOP nominee Donald Trump.

“It’s a much more sophisticated game than Monopoly,” Donald Trump said when his new board game, “Trump: The Game,” debuted in 1989. (Note: It’s not.) So sophisticated, in fact, that Trump admitted that even he sometimes lost. “I’ve done very well at the game…but on occasion, I got clipped,” he said at the game’s announcement in February.

Bob Stupak, a Las Vegas casino owner, was apparently listening. A month later, he challenged Trump to a head-to-head “Trump: The Game” battle for a $1 million prize, announcing it via a full-page ad he ran in the New York Post and the Press of Atlantic City.

Stupak told his local NBC station, KSNV, that he was generously giving Trump a chance to profit off the Stupak name. Stupak had recently earned fame for winning a $1 million bet on that year’s Super Bowl. “I’m not looking to ride on Donald Trump,” he said. “I’m giving him an opportunity to ride on my reputation. I’m the one who makes the large wagers, or has a history of doing it. And also to give him an opportunity to try to promote his new game.”

Trump, sadly, said no. “It’s always possible to lose, even for someone who’s used to winning,” he told the New York Post.

Read the rest of “The Trump Files”:

Trump Files #1: The Time Andrew Dice Clay Thanked Donald for the Hookers
Trump Files #2: When Donald Tried to Stop Charlie Sheen’s Marriage to Brooke Mueller
Trump Files #3: The Brief Life of the “Trump Chateau for the Indigent”
Trump Files #4: Donald Thinks Asbestos Fears Are a Mob Conspiracy
Trump Files #5: Donald’s Nuclear Negotiating Fantasy
Trump Files #6: Donald Wants a Powerball for Spies
Trump Files #7: Donald Gets An Allowance
Trump Files #8: The Time He Went Bananas on a Water Cooler
Trump Files #9: The Great Geico Boycott
Trump Files #10: Donald Trump, Tax-Hike Crusader
Trump Files #11: Watch Donald Trump Say He Would Have Done Better as a Black Man
Trump Files #12: Donald Can’t Multiply 16 and 7
Trump Files #13: Watch Donald Sing the “Green Acres” Theme Song in Overalls
Trump Files #14: The Time Donald Trump Pulled Over His Limo to Stop a Beating
Trump Files #15: When Donald Wanted to Help the Clintons Buy Their House
Trump Files #16: He Once Forced a Small Business to Pay Him Royalties for Using the Word “Trump”
Trump Files #17: He Dumped Wine on an “Unattractive Reporter”
Trump Files #18: Behold the Hideous Statue He Wanted to Erect In Manhattan
Trump Files #19: When Donald Was “Principal for a Day” and Confronted by a Fifth-Grader
Trump Files #20: In 2012, Trump Begged GOP Presidential Candidates to Be Civil
Trump Files #21: When Donald Couldn’t Tell the Difference Between Gorbachev and an Impersonator
Trump Files #22: His Football Team Treated Its Cheerleaders “Like Hookers”
Trump Files #23: Donald Tried to Shut Down a Bike Race Named “Rump”
Trump Files #24: When Donald Called Out Pat Buchanan for Bigotry
Trump Files #25: Donald’s Most Ridiculous Appearance on Howard Stern’s Show
Trump Files #26: How Donald Tricked New York Into Giving Him His First Huge Deal
Trump Files #27: Donald Told Congress the Reagan Tax Cuts Were Terrible
Trump Files #28: When Donald Destroyed Historic Art to Build Trump Tower
Trump Files #29: Donald Wanted to Build an Insane Castle on Madison Avenue
Trump Files #30: Donald’s Near-Death Experience (That He Invented)
Trump Files #31: When Donald Struck Oil on the Upper West Side
Trump Files #32: When Donald Demanded Other People Pay for His Overpriced Quarterback
Trump Files #33: The Time Donald Sued Someone Who Made Fun of Him for $500 Million
Trump Files #34: Donald Tried to Make His Ghostwriter Pay for His Book Party
Trump Files #35: Watch Donald Shave a Man’s Head on Television
Trump Files #36: How Donald Helped Make It Harder to Get Football Tickets
Trump Files #37: Donald Was Curious About His Baby Daughter’s Breasts
Trump Files #38: When Democrats Courted Donald
Trump Files #39: Watch the Trump Vodka Ad Designed for a Russian Audience
Trump Files #40: Donald’s Cologne Smelled of Jamba Juice and Strip Clubs
Trump Files #41: Donald Sued Other People Named Trump for Using Their Own Name
Trump Files #42: Donald Thinks Asbestos Would Have Saved the Twin Towers
Trump Files #43: Why Donald Threw a Fit Over His “Trump Tree” in Central Park
Trump Files #44: Watch Trump Endorse Slim Shady for President
Trump Files #45: The Easiest 13 Cents He Ever Made
Trump Files #46: The Time Donald Burned a Widow’s Mortgage
Trump Files #47: Donald’s Recurring Sex Dreams
Trump Files #48: Trump’s Epic Insult Fight With Ed Koch
Trump Files #49: Donald Has Some Advice for Citizen Kane

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The Trump Files: Donald Once Turned Down a Million-Dollar Bet on "Trump: The Game"

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Donald Trump’s Freefall Captured in Two Scathing Magazine Covers

Mother Jones

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Two national magazines, The New Yorker and Time, have unveiled strikingly similar cover illustrations this week to depict Donald Trump’s precipitous decline in the polls since the Republican National Convention in Cleveland concluded only three weeks ago.

The covers come amid the latest controversies to hit the Trump campaign. Just this week, the real estate magnate issued a remark that appeared to suggest gun violence against his presidential rival, Hillary Clinton, which he swiftly followed up with the claim that President Barack Obama is the “co-founder of ISIS.” Despite growing calls from Republicans to disavow the real estate magnate and slash the party’s funding of his campaign, Trump has pledged to continue his inflammatory style of campaigning.

But it’s not all doom and gloom! This week’s “rainy days” also brought a rare sunny prediction. Trump appeared finally to acknowledge that he might not make it to the White House, but he presented the election as a win-win, telling CNBC he’d either emerge victorious or take a “very, very nice long vacation.”

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Donald Trump’s Freefall Captured in Two Scathing Magazine Covers

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How Unpopular Is Trump? Clinton Is Courting Mormon Voters in Utah Now.

Mother Jones

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When Donald Trump promised to expand the electoral map this spring, he didn’t mean he’d put Utah in play for his Democratic rival. But on Tuesday we got a little bit more evidence of how shaky the GOP nominee is looking in one of the most consistently Republican states in the country. With polls showing a close race in Utah and two third-party candidates looking to siphon off votes from Trump—former CIA officer and Brigham Young University alumnus Evan McMullin entered the race this week—Democratic presidential nominee Hillary Clinton published an op-ed slamming Trump in the Deseret News, the Salt Lake City newspaper published by the Mormon Church.

Trump has struggled to win over some Mormon voters in large part because of his extreme positions on immigrants and his proposal to crack down on adherents of a specific religion, Islam. (Mormons have endured a history of religious persecution.) In her op-ed, Clinton zeroed in on these policies. “I’ve been fighting to defend religious freedom for years,” she wrote, touting her work with former Utah Republican governor (and 2012 presidential candidate) Jon Huntsman, scion of one of the state’s most powerful families, in protecting Christians in China.

Then she twisted the knife, comparing Trump’s proposals to previous instances of state-sponsored discrimination and violence against Mormons:

But you don’t have to take it from me. Listen to Mitt Romney, who said Trump “fired before aiming” when he decided a blanket religious ban was a solution to the threat of terrorism.

Listen to former Sen. Larry Pressler, who said Trump’s plan reminded him of when Missouri Gov. Lilburn Boggs singled out Mormons in his infamous extermination order of 1838.

Or listen to your governor, who saw Trump’s statement as a reminder of President Rutherford B. Hayes’ attempt to limit Mormon immigration to America in 1879.

The Clinton op-ed gets at just how unusual the 2016 campaign has been. Four years after Romney, the first Mormon presidential nominee, won an astounding 72.6 percent of the vote there, the Democratic nominee is invoking Joseph Smith and Brigham Young in a pitch for Utah votes. And it doesn’t even sound that far-fetched at this point.

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How Unpopular Is Trump? Clinton Is Courting Mormon Voters in Utah Now.

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How a DNC Staffer’s Murder Unleashed a Perfect Storm of Right-Wing Conspiracy Theories

Mother Jones

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The July 12 shooting of Seth Rich, a 27-year-old staffer at the Democratic National Committee, was likely a robbery gone wrong, according to Washington, DC, police. But to the dismay of Rich’s family, his death has become fodder for dark anti-Hillary Clinton conspiracy theories that have been circulated widely on social media and amplified by longtime Donald Trump adviser Roger Stone.

The main theory speculates that Rich was murdered because he was a source for WikiLeaks, which published nearly 20,000 of the DNC’s hacked emails and other files last month. That theory has brewed on the internet, including in a popular pro-Trump subreddit, and WikiLeaks founder Julian Assange lent it credence on Tuesday when he hinted during an interview on Dutch television that Rich might have been a WikiLeaks source. Yet he refused to confirm whether Rich had any links to WikiLeaks, saying only, “I am suggesting that our sources take risks and they become concerned to see things occurring like that.” The site offered a $20,000 reward on Tuesday for any information that would help solve Rich’s murder.

Assange said during the interview that the shooting was a “concerning situation” and stressed that the motive was still unknown, but police say there is no evidence that Rich’s death was politically motivated. “At this time, there is no indication that Seth Rich’s death is connected to his employment at the DNC,” the DC Metropolitan Police Department said in a statement on Wednesday to Mother Jones.

The statement also said the police “are pleased when any outside contributors help us generate new leads.” But Rich’s family has criticized Assange for his comments. Brad Bauman, a spokesman for the family, told Business Insider on Wednesday that the family wanted talk of conspiracy theories to stop. “For the sake of finding Seth’s killer, and for the sake of giving the family the space they need at this terrible time, they are asking for the public to refrain from pushing unproven and harmful theories about Seth’s murder,” Bauman said.

Assange is not the only person to float wild theories about Rich’s killing. Stone, a longtime Republican strategist and close ally of Trump, has used the death to promote the right-wing “Clinton body count” theory that claims the Clintons have been responsible for numerous political murders dating back to the 1980s.

Stone, who has admitted to communicating with Assange, spent much of Tuesday and Wednesday tweeting links to Assange’s “confirmation” that Rich was a WikiLeaks source, as well as other messages in support of the body count theory. Others on the right have been pushing the conspiracy talk in recent weeks, claiming that recent deaths—including those of Rich, a Tim Kaine aide named Joe Montano, and even anti-Clinton and Holocaust-denial author Victor Thorn—were orchestrated by Clinton.

Rachel Alexander, a columnist at the right-wing website Townhall, wrote a piece on Tuesday laying out the theory. “What is comes down to is this: how many other politicians have you heard of who have had so many mysterious deaths associated with them?” Alexander wrote. “You don’t hear of a Bush body count—not even an Obama body count.” Jared Wyand, who runs a popular pro-Trump Twitter account called Watch Clinton Cash, tweeted a video roundup of alleged Clinton murder plots. Even Curt Schilling, the former Red Sox pitcher turned right-wing internet celebrity, got in on the act.

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How a DNC Staffer’s Murder Unleashed a Perfect Storm of Right-Wing Conspiracy Theories

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Republicans Say We Should Just Laugh Off Donald Trump’s Assassination "Joke." No.

Mother Jones

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On Tuesday, Donald Trump ignited a firestorm of controversy when he told his supporters at a rally in North Carolina that “Second Amendment people” could block Hillary Clinton and her Supreme Court appointees if she was elected president.

Democrats and gun control advocates were quick to denounce the remarks as an assassination threat. Some Republicans (and even some media outlets) used the rationale that Trump’s comment was okay because it was just a joke.

House Speaker Paul Ryan described it as a “joke gone bad”; headlines ran similar explanations.

In other words: get over it.

But this particular incident might be different from all the other times Republicans have been forced to defend Trump. As Jason P. Steed, an attorney and former English professor from Texas, explained on social media, there’s always a bit of truth to a dangerous punch line, especially when it’s joking about taking up arms against a political rival.

Let Steed’s popular tweetstorm explain:

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Republicans Say We Should Just Laugh Off Donald Trump’s Assassination "Joke." No.

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Philadelphia Elections Official Destroys Conservative Conspiracy Theory that National Elections Are "Rigged"

Mother Jones

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In recent weeks, Donald Trump has begun telling supporters that the 2016 election might be “rigged” against him—a conspiracy some observers view as a preemptive, ready-to-go excuse for a potential loss to Hillary Clinton, or an ominous signal that the Republican nominee is preparing to contest November’s results.

Some conservatives, including Fox News host Sean Hannity, have fanned the flames. CNN’s Brian Stelter featured a recent clip of Hannity serving as a mouthpiece for Trump’s claim:

On Sunday, Ryan Godfrey, a Philadelphia elections inspector, took the theory to task, calling out Hannity’s suggestion that the 2012 elections were also illegitimate. Godfrey, who Mother Jones confirmed was elected to be an inspector in 2013, explained on Twitter:

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Philadelphia Elections Official Destroys Conservative Conspiracy Theory that National Elections Are "Rigged"

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Trump’s Economic Plan: Light on Details, Heavy on Tax Breaks for the Rich

Mother Jones

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Donald Trump tried to reset his campaign yet again with a Monday visit to Detroit and a promise of an economic agenda. His speech at the Detroit Economic Club was light on details and full of assurances that his campaign website would soon feature specifics on how he’d tackle the economy. But what details did exist undercut his pledge to make life better for low- and middle-income families, instead serving largely to keep more money in the pockets of the wealthy people in his own income bracket.

The centerpiece of Trump’s new plan is a retooled tax system. “Nothing would make our foreign adversaries happier than for our country to tax and regulate our companies and our jobs out of existence,” Trump said. He had already laid out a vision for rewriting the tax code during the Republican primary, one whose benefits tilted heavily toward a lower tax burden for people earning more than $1 million per year. His campaign website tried to erase his previous plan ahead of the Monday speech, though web archives still retain information on that initial proposal.

During the primary, Trump had proposed four tax brackets, with rates of 0, 10, 20, and 25 percent. While his new plan lacks details, on Monday he said he’d now seek to introduce only three brackets, taxed at 12, 25, and 33 percent. That represents a tax hike from his earlier proposal, but it’s still a major tax cut from current rates for the top income tax bracket, which is taxed at 39.6 percent.

Trump also said he’d like to wipe away the estate tax altogether, using the term “death tax” that’s popular among some conservatives. “American workers have paid taxes their whole lives, and they should not be taxed again at death—it’s just plain wrong,” Trump said. “We will repeal it.” But the inheritance tax, as currently constituted, touches only a small segment of the population. The federal government doesn’t take any taxes out of estates unless the inheritance exceeds $5.4 million for individuals or $10.9 million for couples. That leaves just the wealthiest 0.2 percent of families paying any estate taxes and makes its repeal less than a great boost to the working class.

Meanwhile, Trump’s speech included many subtle appeals to corporate interests. He promised to reduce the business tax rate from 35 percent to 15 percent. Under a President Trump, there would be a complete moratorium on new federal regulations, a massive handout to the financial industry. “Next,” he added, “I will ask each and every federal agency to prepare a list of all of the regulations they impose on Americans which are not necessary, do not improve public safety, and which needlessly kill jobs. Those regulations will be eliminated.” Given his previous claims that he’d like to ditch the 2010 Dodd-Frank law intended to rein in Wall Street, it sounds likely that Trump would vastly lower the number of rules banks and financial institutions need to follow.

But Trump’s speech didn’t contain only the normal Republican calls to lower taxes and cut government oversight of business. He also called for an end to the carried-interest loophole, which allows hedge-funders and others to pay a much lower tax rate on earnings, marking a rare policy agreement with Hillary Clinton. And as Trump launched an usual attack against free trade policies, he cited the liberal Economic Policy Institute to explain potential harms of the Trans-Pacific Partnership. Trump also proposed a tax deduction for families to offset the cost of child care—but since that benefit is a deduction rather than a credit, its benefits would skew toward the upper middle class rather than working-class families.

Not unlike other Trump speeches, this one was unconstrained by facts. Trump accused Clinton of seeking to raise taxes on the middle class, based on a blatant misreading of a recent speech. (Clinton has in fact vowed to leave taxes untouched for all but the extremely wealthy.) The Republican nominee called the nation’s low unemployment rate a hoax, another claim that has landed him in trouble with fact-checkers in the past.

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Trump’s Economic Plan: Light on Details, Heavy on Tax Breaks for the Rich

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Trump’s Economic Adviser Said the Economy Was Fine—Right Before It Imploded

Mother Jones

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Following a tumultuous week in which Donald Trump’s poll numbers tanked and reports of staff unrest dogged his campaign, the GOP nominee is trying to change the conversation by focusing on his economic vision. On Friday, ahead of a big economic policy speech Trump is expected to deliver next week, the Trump campaign released a list of his economic advisers. The roster of 13 men—all are men and five are named Steven or Stephen—includes a handful of billionaires and financial moguls, several of them longtime Trump friends. Also on Trump’s economic brain trust is an economist, David Malpass, who downplayed concerns about the economy shortly before his firm collapsed and the economy cratered.

Malpass is a former economic adviser to Ronald Reagan whom the Trump campaign touts as having “extensive private sector experience.” That experience includes serving for 15 years as the chief economist for Bear Stearns—the Wall Street firm that was deeply enmeshed in the subprime mortgage market—in the lead-up to the investment bank’s spectacular March 2008 collapse.

The fall of Bear Sterns lit the fuse on the economic crisis. And perhaps more so than its competitors, the 85-year-old investment bank came to exemplify the excesses and short-sighted economics that led to the financial meltdown. If Trump is counting on Malpass for economic advice, he had better hope it’s an improvement on the wisdom the economist dispensed as the financial system hurtled toward a cliff. Nine months before his company fell apart, Malpass wrote a column for the Wall Street Journal titled “Don’t Panic About Credit Markets.” He derided the “hyperventilation over the coming U.S. economic slowdown” and wrote:

The slowdown talk weighing on equities also reflects the Wall Street view that debt, mortgage and takeover businesses have replaced General Motors as the economy’s bellwether. According to the bears: As goes the credit market, so goes the economy. Fortunately, Main Street is not that fickle. Housing and debt markets are not that big a part of the U.S. economy, or of job creation. It’s more likely the economy is sturdy and will grow solidly in coming months, and perhaps years.

So, that was wrong.

Malpass did fine, though. He currently sits on the board of New Mountain Capital, a multi-billion-dollar private investment firm, and runs his own market research firm.

Malpass is not the only person on Trump’s list of economic advisers who played a controversial role during the economic crisis.

In July 2008, several months after Bear Sterns fell apart, the federal government was forced to take over Indy Mac, which was overwhelmed by the bad mortgages it had issued. The government was eager to get rid of the bank’s assets, and Steve Mnuchin, who serves as the Trump campaign’s finance co-chairman and is a member of his economic team, swooped in. Mnuchin, a former Goldman Sachs banker and hedge funder, made much of his current fortune by organizing a new bank, called OneWest, to buy IndyMac’s portfolio of mortgages. Part of the deal was that the federal government and taxpayers would cover any losses if more mortgages went bad, and OneWest would make the profits on anything that didn’t. Mnuchin’s bank would become infamous for its hardball tactics and willingness to foreclose on struggling homeowners.

Perhaps the biggest name on Trump’s economic team is John Paulson, a hedge fund manager whose firm foresaw the subprime mortgage meltdown and made billions betting against the big banks that were heavily invested in mortgage-backed securities. In 2010, Paulson’s fund made more than $5 billion, setting a record. Previously, Paulson was a major donor and fundraiser for Mitt Romney and the super-PAC backing his 2012 presidential run.

The defining characteristic of Trump’s team of economic advisers seems to be that they are friends of the GOP nominee, financial backers of his campaign, or both. That includes Tom Barrack, who has been friends with Trump for decades, ever since negotiating the sale of the Plaza Hotel in New York City to Trump. Barrack is well known in financial circles for getting involved with unorthodox deals—in one case, he arranged oil sales between Saudi princes and Haitian dictator Baby Doc Duvalier, giving the autocrat his watch to help smooth the deal.

It’s unclear how extensively Trump will be relying on the counsel of his brain trust. Last year, when asked whom he consults with on foreign policy matters, Trump remarked that his top adviser was himself.

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Trump’s Economic Adviser Said the Economy Was Fine—Right Before It Imploded

Posted in Anker, FF, GE, LG, ONA, Oster, Radius, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Trump’s Economic Adviser Said the Economy Was Fine—Right Before It Imploded