We discuss the EU election results. While we were anticipating a larger cohort of Eurosceptics and populists being sent to the EU parliament, there still was nevertheless an increase of populist candidate victories. This will undoubtedly change the dynamics of European politics, yet many questions still remain.
UK PM Theresa May tendered her resignation today, yet she will remain on until the end of July until her replacement is determined. It has been an uphill battle for Mrs. May since the very start for her, but she was nevertheless unable to get a deal through to provide for Brexit. What happens next is anyone’s guess and don’t forget we are also in the midst of the EU elections. Additionally, despite President Trump claiming that he does not want war with Iran, he has decided to send at least 1,500 troops to the Middle East. Recall there is also an air craft carrier strike force in the area as well. There was also an emergency declared by the President so that he could bypass Congress in order to expedite the sale of arms and ammunition to US “allies,” in the Middle East. There are words and then there are actions, let us hope and pray that there is no war.
We are now in the midst of the EU elections, which started today with the UK and the Netherlands, however, we will not know the results from all EU member states until Sunday evening. We are anticipating a rise in populism across the EU, thus sending many Euroskeptics to the EU parliament. If this occurs, then we can imagine that the EU may very well begin to disintegrate, as individual countries want to re-take their sovereignty. Even if it’s not a disintegration, if populists make sizeable gains to EU parliament, we can expect several structural changes. We also discuss the do nothing government in the US – what if anything will be accomplished domestically prior to the 2020 Presidential election?
So we have a new deal, same as the old deal, as far as Brexit is concerned. PM Theresa May was out today providing new details to her deal to finally leave the EU. Of course this has to go to a vote before Parliament – for the 4th time mind you. This deal is basically the same, with a few “carrots” provided to appease some members of Parliament to finally pass the deal – will it pass is anyone’s guess. We also look at the underemployment rate regarding recent college grads and how this is likely to take center stage during the 2020 campaign. We have the President on one side, claiming that this is the best economy in US history, and on the other side, we have people who live in the real world, who are sacked with debt, are underemployed, and see a different economic picture. It will be interesting to see how this all unfolds and we discuss some scenarios.
We were on a roller-coaster of a ride this week with tweets and statements from The White House as well as comments from the Chinese. All of this taken together has whipsawed markets to the upside and to the downside. Given recent remarks, it appears that the US/China trade negotiations are at a standstill and may remain so until and unless President Trump and President Xi meet during the G20 meeting next month in Japan. Therefore, we may very likely see a continuation in volatility until there is further clarity surrounding the trade war. Nevertheless, be on the lookout for more tweets!
It’s been on the back burner, but not out of mind, and yes, we’re talking about Brexit. The PM’s deal is set to be voted on for a 4th time and so we’ll see in a few of weeks if the 4th time is the charm for Theresa May. Given the US/China trade war, there is a large and powerful political lobby that is caught in the crossfire – farmers. The President has stated repeatedly that the US will continue to subsidize farmers. Given the politics of the situation, is the President attempting to “buy” votes from those key swing states that he needs to maintain his office? Lastly, we discuss the sabre rattling regarding Iran and more broadly the effects of war and how we need a new level of consciousness here in the 21st century to end all wars.
Deputy AG, Rod Rosenstein tendered his resignation and will be leaving the Justice Department on May 11th. Is this part of a larger clean-up within the DOJ and will AG Bill Barr begin investigating the investigators? Meanwhile, Sleepy Joe Biden has poor messaging and he’s only just begun. Also, a brief update to the Brexit saga.
A survey from the RNC has been issued and asks potential voters to rank a certain number of questions. Most of these questions have to do with political talking points and issues that were discussed during 2016. It’s not only the questions that were asked, but the questions and topics that were not addressed, and that is where we provide our discussion and analysis.
The UK political revolution may play out as we have been calling for as Nigel Farage, the former leader of UKIP and a leading voice of Brexit, is now starting the Brexit Party. In the event that the UK partakes in the EU parliament elections, the Brexit Party wants to send as many members as possible to the EU to be a major thorn in their side. Also, the timeliness of the Assange arrest is something to note, given the backdrop of the Mueller report, AG Barr’s recent testimony, and the Dems and MSM upping their attacks, not only on President Trump, but also on the AG. Get ready!
WikiLeaks founder, Julian Assange has been arrested in London and there are calls for him to be extradited to the US. Love him or hate him and WikiLeaks, they do shed light on wrongdoings – exactly what journalism is supposed to do. This will be a major story as time passes. The Dems continue their assaults against the AG and now the MSM are joining ranks to spread the Dem’s propaganda – they’re nervous.
