“[Trump] would win right now because the Democrats have not succeeded in making this election a referendum on Trump,” longtime Republican and political strategist Rick Wilson told Cheddar on the eve of another sort of referendum — the president’s impeachment trial.
Wilson, who recently published a book “Running Against the Devil: A Plot to Save America From Trump — and Democrats From Themselves,” said voters “don’t care about a 600-page healthcare plan,” and need something like President Barack Obama’s campaign promise of “Hope” and “Change.”
He said he opposes Trump because Trump is not a conservative, an opinion he explicated in a New York Times article last month, along with three others who have worked for and supported Republicans, including White House Counselor Kellyanne Conway’s husband George Conway, the day before the president was impeached. The four men announced the “Lincoln Project,” which they explained will “highlight our country’s story and values, and its people’s sacrifices and obligations.”
Though Wilson said he is not “trying to pick the Democrat’s nominee” he thinks Joe Biden has the most viability “for all his flaws.”
As the Senate heads to trial this week, Wilson said the GOP remains allegiant to Trump because “they’re terrified of him.” “About a third of them are true believers,” he conjectures, while he said a third are “opportunists, hustlers, guys who are trying to build their email lists and become Fox News stars” and the final third “just live in absolute fear of [Trump’s] Twitter feed.”
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
