WASHINGTON, DC–Holding a pillow case filled with sweet, chocolatey contraband, a beaming Senator John McCain (R-AZ) briefed reporters on his Halloween caper from a lit front porch in the Beltway.* Continue reading GOP Senator Goes As Fiscal Conservative for Halloween
WASHINGTON, DC–In the wake of an ambush that claimed the lives of four US servicemembers in Niger, the American press corps has been doggedly pursuing the most important aspect of the story: What did President Trump say on the phone to one of the widows and what was his tone?* Continue reading Trump Respectfully Responds to Gold Star Widow Criticism
NEW YORK, NEW YORK–After a pair of bombshell stories in The New York Times and The New Yorker, which featured multiple women accusing him of sexual harassment and sexual assault, film executive Harvey Weinstein has seen his world quickly crumbling around him.
His wife filed for divorce. The eponymous company he founded severed ties with him. And nearly every famous acquaintance he had in Hollywood or Washington has gone on record denouncing him (though a few took appropriate time to verify that sexual assault committed by a donor still counts as reprehensible). Among Democrats, who once saw him as a valuable political ally, Weinstein may be less popular than Donald Trump at the moment–a distinction political scientists previously thought akin to absolute zero.*
WASHINGTON, DC–Noting that Iran has failed to live up to the Spirit of the agreement, senior White House officials told The Daily Face Palm that it would be in America’s national interest to unilaterally withdraw from the Iran Nuclear Deal.* Continue reading US Officials: Iran Nuclear Deal Failed to Address Non-Nuclear Issues
MADRID, SPAIN–Speaking to reporters after an allegedly tumultuous weekend in Catalonia, Spanish Prime Minister Mariano Rajoy said he was not sure what 2.3 million Catalans were doing out on Sunday since he had not given them permission to exercise self-determination.
An illegal independence referendum was scheduled for October 1, which might have explained the crowds, but Rajoy noted that, in fact, “There was no independence referendum“.
Rajoy went on to express sympathy with the late King George III of England, saying that the ungrateful American colonists’ Declaration of Independence was illegal and that the rule of law requires that they continue to respect the legitimate authority of the English Crown.
*This is a satirical post.
WASHINGTON, DC–Speaking to reporters at a joint press conference with US President Trump, Spanish Prime Minister Mariano Rajoy said that “democracy will never undermine our democracy.”
The prime minister was referring to the planned referendum in Catalonia on so-called “independence”, and the turn of phrase has become something of a rallying cry for Rajoy and his supporters as he works to quell the democratic insurgency in that too-autonomous region. Rajoy later vowed that his government “would use all means necessary to defeat the radical democratic terrorists”.*
WASHINGTON, DC–A new Fox News / Rasmussen poll has found that nearly 65% of registered voters agreed or strongly agreed that “President Trump is focused on the issues that matter.”
The poll came after an energetic weekend for the president, in which he made headlines for repeatedly criticizing NFL players for bad posture during the national anthem. The resulting controversy had fans across the nation choosing sides in the debate, and a majority has sided with the president.*
SAN FRANCISCO, CA–Feeling relieved after being called a “son of a b****” by the President of the United States on Twitter, free agent quarterback Colin Kaepernick said he expected to sign with a new team within the week.
Kaepernick has been in the crosshairs of the President for his silent protests of the US national anthem during the 2016 season. Kaepernick voluntarily decided to become a free agent from the 49ers at the end of last season, but has failed to find an enduring spot on another roster since.*
WASHINGTON, DC–In a widely anticipated move, the Federal Reserve decided on Wednesday to keep short-term interest rates steady, and announced a start date for its plan to burn $10 billion per month in an “epic” bonfire.
The bonfire program represents the other side of the extraordinary monetary policy measures the Fed implemented in the wake of the Great Recession. Those measures included the creation of trillions of dollars in new money, which were then spent primarily on US Treasury Bonds and mortgage-backed securities, with the goal of lowering long-term interest rates and increasing economic activity.
Although economic growth never recovered to historically normal rates, interest rates did plummet as intended and have stayed consistently low. Now the Fed has determined the policies were successful enough, and is starting to unwind the initial money creation. This led to the tricky question of how to dispose of all the money they printed.