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Donald Trump Introduces Mike Pence as His Official Running Mate

Mother Jones

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Following leaked reports that revealed Gov. Mike Pence as his running mate, Donald Trump held an event on Saturday to officially introduce the Indiana governor as his vice presidential pick, a choice Trump said would help bring “party unity” to his campaign.

“I found the leader who will help us deliver a safe society and a prosperous society for all Americans,” Trump said, speaking from the Hilton Midtown in New York City. “Indiana Gov. Mike Pence was my first choice. I’ve admired the work he’s done, especially in Indiana.”

“He is going to fight for you,” he continued. “He is a solid, solid person.”

Before Pence arrived on stage, Trump spent most of the introduction discussing himself and attacking Hillary Clinton. At times, it appeared as though he almost forgot the purpose of the event was to unveil Pence as his running mate.

The presumptive Republican nominee reportedly had last minute reservations about the decision to put Pence on the ticket, and was furious the governor’s name surfaced in the media before he made a formal announcement. Trump, however, denied reports he had hesitated:

“Donald Trump is a good man and he will make a great president of the United States,” Pence said on Saturday in his speech accepting Trump’s offer. “Hillary Clinton must never become our president.”

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Donald Trump Introduces Mike Pence as His Official Running Mate

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CNN: Trump Had Last Minute Wedding Jitters Over Mike Pence

Mother Jones

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Um, what?

What kind of moron leaks something like this? Is it actually some kind of Trump-approved effort to make sure Pence knows his place? Jesus. Apparently Trump can’t even make up his mind about his running mate, let alone something that’s actually important.

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CNN: Trump Had Last Minute Wedding Jitters Over Mike Pence

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Pence Isn’t Going to Solve Trump’s Money Problems

Mother Jones

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Indiana Gov. Mike Pence, known for his staid manner and his short-sleeved-shirt-and-tie combinations, might have been chosen as a steady counterweight to Trump’s flamboyant provocative style. But when it comes to adding weight to the Trump campaign’s wobbling fundraising operation, he might have been the worst pick Trump could have made. Newt Gingrich, for instance, has a devoted backer in Las Vegas billionaire Sheldon Adelson, the single biggest source of cash for Mitt Romney’s efforts in 2012 who has yet to commit significantly to Trump’s operation. And New Jersey Gov. Chris Christie is known to have been a darling of some of Wall Street’s biggest names.

But Pence? He isn’t exactly a star with the party’s regular fundraisers and donors—the people who have always been the backbone of GOP financial support. It’s true that Pence has ties to both the political empire of the conservative billionaire Koch brothers and some tea party grassroots organizations. But if Trump thought he could tap into those connections to fuel his presidential campaign, he might have been mistaken.

Over the course of his career, Pence’s biggest source of campaign cash has been the Republican Governors Association, which has put more than $2.6 million into supporting his gubernatorial aspirations. The RGA’s main job is to funnel money from wealthy Republicans nationwide into potentially pivotal governor’s races, and much of the organization’s success in doing that hinges on the connections and interests of the RGA’s executive director. In 2012, the director was a party operative named Phil Cox, who went on to become a close Christie ally, running the presidential super-PAC that raised more than $20 million this year. If Cox stays with Trump, it won’t be because of Pence. (Christie’s relationship with Trump, meanwhile, may be going through a rocky stretch.)

Pence did spend 12 years in Congress, but he never really made his mark as a fundraiser there. His largest source of support, according to the campaign finance tracker OpenSecrets.org, were donations fundraised on his behalf by the Club for Growth, the tea-party-aligned group that relies heavily on its expansive grassroots fundraising operation. It’s an organization that has devoted a great deal of time and energy this election to trying to destroy Donald Trump. Almost immediately after kicking off his presidential campaign, Trump picked a fight with the group, accusing it of trying to extort him for $1 million. That’s a rift that all of Pence’s past goodwill with the group probably won’t be able to overcome.

If Trump can’t rely on Pence to hook him up with any fundraising networks, perhaps he can call on some of Pence’s sugar-daddy donors? Notably, Pence has had two billionaires backing his political aspirations, Indiana businessman Dean White and industrialist David Koch, but neither looks promising for Trump.

Koch personally contributed $300,000 to Pence’s war chest, a much more direct investment in a candidate than he usually makes. (David and his brother Charles are known to be major backers of dark-money groups that operate independent of any candidate, and their direct contributions to candidates are generally not so large.) But if part of the Trump campaign’s calculation in picking Pence is that he could rope in the Kochs, it’s probably not going to happen. Both brothers have expressed serious doubts about Trump, and almost immediately after word leaked that Pence was the choice, the Koch organization threw cold water on the idea that the move would endear them to Trump.

White, who is not a household name like Koch, is actually the individual who has done more for Pence’s political career than anyone else, according to campaign finance filings. White has shoveled at least $775,000 into Pence’s two bids for governor of Indiana, including $350,000 already this year. Those numbers, while eye-popping for the average American, are actually not that extraordinary for White, who has given hundreds of thousands of dollars in recent years to various Republican candidates in Indiana.

But despite being worth more than $2.3 billion, White is not a major player on the presidential level. The one noteworthy donation he’s made when it comes to presidential politics is a $1 million contribution in 2012 to Karl Rove’s American Crossroads super-PAC, which backed Romney. Rove’s animosity toward Trump and the fact that White also gave directly to Romney (who has spoken out against Trump) suggest that White will not automatically transfer his allegiances, or his deep pockets, to Trump.

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Pence Isn’t Going to Solve Trump’s Money Problems

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Don’t Worry About the Polls. Nothing Much Really Happened Today.

Mother Jones

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Hillary Clinton has had a couple of poor showings in the polls recently, but I mostly shrugged them off. It was inevitable that she’d take a hit from the conclusion of the FBI email probe, but those kinds of things are almost always temporary. And it’s only July, anyway. Polls won’t start to mean too much until the middle of August.

That’s just my two cents, but Greg Sargent reports that it’s pretty much the opinion of the pros too:

I spent some time talking to senior Democrats today, and the basic feeling among them is this: Yes, it’s very possible Clinton did take a real hit from the FBI news. But if so, they see this as more of a temporary dip than anything else. They see the polling right now as mostly useless, since we will know a lot more about the race once both candidates choose their vice presidential running mates and the conventions take place later this month.

….One senior Democrat with access to a lot of private polling tells me that some surveys in states and districts where Clinton should be leading are showing her tied or slightly behind. But this senior Dem thinks the data probably reflects a momentary dip due to bad coverage of the FBI mess….Top Dem pollster Mark Mellman, for instance, conceded that Clinton may have taken a real hit. But he noted that the current polls, if anything, still show her up after a very tough stretch, leading into a period that could prove more favorable to her.

The fact that a man like Donald Trump is even within shouting distance of becoming president is reason enough to be nervous. But small blips in the polls don’t really add anything to that. If you’re the jittery type, stay away from the poll madness until next month.

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Don’t Worry About the Polls. Nothing Much Really Happened Today.

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Sanders endorses Clinton to lead the fight against climate change

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Sanders endorses Clinton to lead the fight against climate change

By on Jul 12, 2016Share

Bernie Sanders officially threw in the towel on Tuesday in New Hampshire by endorsing Hillary Clinton for president. Hitting on the themes his campaign has stressed throughout the primaries, Sanders laid out what this election is really about. One of his themes has been climate change, which featured heavily in his speech:

This election is about climate change, the greatest environmental crisis facing our planet, and the need to leave this world in a way that is healthy and habitable for our kids and future generations.

Hillary Clinton is listening to the scientists who tell us that if we do not act boldly in the very near future there will be more drought, more floods, more acidification of the oceans, more rising sea levels. She understands that we must work with countries around the world in transforming our energy system away from fossil fuels and into energy efficiency and sustainable energy — and that when we do that we can create a whole lot of good paying jobs.

Donald Trump: Well, like most Republicans, he chooses to reject science — something no presidential candidate should do. He believes that climate change is a hoax. In fact, he wants to expand the use of fossil fuel. That would be a disaster for our country and our planet.

The endorsement rally was kicked off by climate activist (and Grist board member) Bill McKibben. “Secretary Clinton, we wish you Godspeed in the fight that now looms,” McKibben said.

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Sanders endorses Clinton to lead the fight against climate change

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Trump University Taught Students How to Exploit Disabled Homeowners

Mother Jones

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Trump University, the former for-profit business education venture that has landed Donald Trump in various courts to defend himself against claims of fraud, promised to teach students the secrets of Trump’s financial success. One particular course offered by Trump U presented a particularly blunt strategy for making money: target destitute, “completely disabled” homeowners headed into foreclosure and convince them to sell their homes at a discounted price. That is, exploit disabled people for profit.

That advice comes near the end of a nearly three-hour audio lesson—paired with a workbook—that was offered by Trump University in 2006, shortly before the housing market collapsed. It was a year after the opening of Trump University, which shut down in 2010 and has prompted lawsuits against Trump from former students who allege that the school was a scam that ripped them off.

The 2006 course, titled “Real Estate Goldmine: How to Get Rich Investing in Pre-Foreclosures,” begins with a monologue by Trump, who says, “We’re not peddling get-rich-quick schemes, no blue-sky promises or an easy road to riches.” But he pledges that his course will offer a “real estate gold mine.” Then Trump University’s Jon Ward interviews real estate investment adviser Gary Eldred about the best strategies for taking advantage of homeowners facing foreclosures. Throughout the course, Eldred provides a variety of tips on spotting homes that are in pre-foreclosure—for instance, look for an owner delinquent on payments because he could be foreclosed on imminently—and he offers strategies for persuading owners to sell their homes at a discount when they’re facing foreclosure. He repeatedly notes that a buyer should be kind when approaching pre-foreclosure owners about purchasing their properties, because these potential sellers are going through a stressful time.

But Eldred does cover how to take advantage of short sales—a deal in which a buyer talks the homeowner into selling and convinces the mortgage lender to reduce the seller’s debt. Eldred points out that a key aspect of such a transaction is convincing a lender that the owner won’t be able to pay back the loan as it stands. The goal, Eldred says, is to find homeowners who are in a truly desperate financial position.

“Under no circumstance will a lender accept a short sale if they think they can squeeze that borrower for an extra nickel, so certified destitution evidence needs to be included,” he explains. He lists the conditions that are ideal for a short sale: “The borrower is out of work, the borrower has $50,000 in unpaid medical claims, the borrow is completely disabled, the borrower has an extraordinarily messy divorce where everything has been squandered.”

During the 2016 presidential campaign, Trump has been criticized for mocking a New York Times reporter with a disability. Clips of that incident have become fodder for an attack ad created and aired by an outside group supporting Hillary Clinton.

During the course, Eldred laments several times that foreclosures are a painful but inevitable part of the economy. Trump makes a similar point in his introduction. “The sad fact is, more and more property owners are getting themselves in trouble!” Trump says. “Defaulting on mortgages and losing their homes or commercial properties. I’m sorry for them, but life goes on, and the fact is, one person’s misfortune is someone else’s opportunity. That’s just the way the world works. This program shows you how to make a lot of money from investing in pre-foreclosures.”

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Trump University Taught Students How to Exploit Disabled Homeowners

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The Trump Files: Donald Told Congress the Reagan Tax Cuts Were Terrible

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 presumptive GOP nominee Donald Trump.

Donald Trump loves to (falsely) complain at his rallies and speeches that America is “the highest-taxed country in the world.” His tax plan would slash income tax rates and deliver huge savings to the richest Americans. But he wasn’t always a fan of trickle-down, supply-side tax cuts.

In 1991, Trump told the House Budget Committee’s Subcommittee on Urgent Fiscal Matters that President Ronald Reagan had screwed up with his 1986 tax cuts, which cut the highest income tax rates nearly in half, from 50 percent to 28 percent.

“In the real estate business we’re in an absolute depression, and one of the reasons we’re there is what happened in 1986,” he said. “Something has to be done. It has to be brought back. It has to be reformed.”

Trump contended that the low income tax rates took away rich people’s reason to invest and that the economy as a whole suffered as a result. He recommended a return to much higher rates for the rich, arguing that they cause more people to invest in real estate. But he didn’t quite explain why that would happen. “The fact is that 25 percent for high-income people—for high-income people—it should be raised substantially,” he said. “I say leave the middle, leave the low—lower ’em. But people with money have to have the incentive.”

A tax rate of 25 percent (which Trump erroneously thought was the top income tax rate at the time) is now the maximum income tax rate that Trump calls for in his 2016 tax plan.

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: 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

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The Trump Files: Donald Told Congress the Reagan Tax Cuts Were Terrible

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The Gap Between Hillary Clinton and Donald Trump Is Steadily Growing

Mother Jones

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For what it’s worth, here’s how Pollster’s head-to-head matchups between Hillary Clinton and Donald Trump have evolved since the beginning of the year. Hillary’s support has been pretty stable, while Trump’s has declined steadily. He doesn’t have much time left to turn that trend around.

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The Gap Between Hillary Clinton and Donald Trump Is Steadily Growing

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Obama gets riled up about Trump and climate change

Trumped

Obama gets riled up about Trump and climate change

By on Jul 6, 2016Share

President Obama and Hillary Clinton looked more like old friends than old rivals at their first joint campaign rally in Charlotte, North Carolina. Both heaped praise on the other — she’s the most qualified candidate in history; he has a nice smile — and then got down to the business at hand: attacking Donald Trump.

Unlike at a Trump rally, where concern for climate change is considered a character flaw, the issue was front and center at Tuesday’s event. Obama in particular praised Clinton’s work setting the groundwork for the Paris Climate Accord when she was secretary of State, while noting that her opponent wants to pull the U.S. out from the hard-won agreement:

With Secretary Clinton’s help, America ultimately led nearly 200 other nations to an agreement to save this planet for future generations.

Now, maybe — maybe you don’t care about this. Maybe you think 99 percent of scientists are wrong … But the point is, we’re not done with this, so where we go from here is up to you.

You can vote with the climate deniers who want to tear up the agreements we’ve crafted and doom our kids to a more dangerous world, or you can vote to keep putting people back to work building a cleaner energy future for all of us.

It’s a message that may resonate with North Carolina voters: While Democratic presidential candidates have only won the state twice since 1970, a 2014 Sierra Club poll found more than 60 percent of voters wanted action on climate change.

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Obama gets riled up about Trump and climate change

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Here’s How To Do Free Trade Right

Mother Jones

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Jared Bernstein says that Donald Trump has a legitimate point about the problems with American trade agreements:

The process by which they’re negotiated is undemocratic, they uplift investor rights over sovereign rights, they reverse the order in which certain challenges should be tackled, and they fail to deal with currency issues. But globalization cannot nor should not be stopped. Done right, it delivers great benefits to advanced countries through the increased supply of goods, and it helps improve the living standards of workers in developing countries through profits made from trade with wealthier nations. Trump’s tariffs would undermine all of that.

Most liberals agree with this criticism. Until Trump, in fact, opposition to trade deals was mostly limited to liberals—and still is, judging by the number of Republicans who oppose Trump’s trade agenda. But as Bernstein says, international trade is basically a good thing. So what should we do to make it fairer? Tariffs and trade wars aren’t the answer. Here are Bernstein’s five recommendations:

Take action against those who suppress the value of their currencies relative to the dollar.

Change the sequencing of labor and environmental rights. Any benefits to partners in terms of market access must be preceded by confirmation that labor and environmental rights are enforced. That means that countries we enter trade agreements with must offer sustained evidence that conditions on the ground have improved, and that we withdraw trade benefits when there’s evidence of backsliding.

Relocate risk in investor disputes. The current Investor-State Dispute Settlement (ISDS) process is set up in such a way that investors in countries that are signatories to trade deals can, through non-elected tribunals, override the sovereign laws of developing countries….The answer to this problem is to shift this risk away from the broader public and back to the investors themselves. The way to accomplish this is by taking ISDS out of future trade agreements and insisting that investors privately insure themselves against investment losses.

Take a public welfare stance toward patent and copyright protections. Trade agreements should not increase protectionism. They should not extend patents or limit the competition that reduces prices and increases access to needed medicines.

Sunlight disinfects trade agreements. The trade agreement process is uniquely secretive and exclusive — and as a result non-representative of the views of millions of people affected by the deal….This level of secrecy must end. We’re not talking about nuclear codes but about the formulation of policies that will affect the everyday economic lives of every American. US-proposed text and then the texts of agreements after each negotiating round ought to be made publicly available.

Personally, I think the second point is the most important. We talk endlessly about protecting labor in these agreements, but nothing much ever really happens. The only way it will is to insist that labor rights come first, before markets are opened up.

Conversely, I’ve never been convinced that ISDS is quite the villain it’s made out to be. I’m open to argument on this score, but trade agreements always need some kind of enforcement authority outside the nation states themselves, and ISDS is one of them. It’s been around for a long time, and really doesn’t seem to have done any harm to US interests.

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Here’s How To Do Free Trade Right

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