TRUMP’S PERP WALK – Does Manhattan DA Alvin Bragg have a case against Donald J. Trump? Read our center-column analysis of Bragg’s 34-count indictment charging the ex-prez with “Falsifying business records…” scroll down this center column, then read right- and left-column opinions.

Congress remains on Easter/Passover/Ramadan break. Both chambers return Monday, April 17, with the House in session through Thursday, April 20, and the Senate in session through Friday, April 21. The Hustings returns that week.

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FRIDAY 4/7/23

Economy Adds a Cool 236k Jobs – The Labor Department counted 236,000 new jobs added in March, compared with 326,000 jobs in February, indicating a cooling economy, finally; a sign the Federal Reserve’s efforts to bring down inflation with nine consecutive interest rate increases is taking hold. Despite the new jobs number released by the Labor Department’s Bureau of Labor Statistics Friday, the unemployment rate fell slightly from 3.6% in February to 3.5% in March, and average hourly earnings were up 4.2% last month, “also easing from recent months” according to The Wall Street Journal.

Job growth continues in leisure and hospitality, government, professional and business services, and health care, the BLS reports.

Lingering question: Will the Fed’s interest rate increases lead the economy to a “soft landing,” or are we headed for a recession?

--TL

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Does Bragg Have a Case?

By Todd Lassa

New York County Indictment #71543-23 had Democratic pundits, anti-Trump-leaning independents and never-Trump Republicans feeling anxious about the solidity of Manhattan District Attorney Alvin Bragg Jr.’s 34-count case against the former president. 

Was it the wrong case to come first – or at all -- considering Fulton County, Georgia’s recording of Donald J. Trump calling on the secretary of state for 11,780 more votes in his favor after the 2020 election, last year’s investigation by the House Select Committee to Investigate the January 6th Attack on the United States Capitol, and a stash of classified documents stored at Mar-a-Lago after Joe Biden was sworn in as the 46th president? 

Bragg’s indictment accuses Trump of “Falsifying Business Records in the First Degree in violation of Penal Law 175.10.”

“The defendant, in the County of New York and elsewhere, on or about February 14, 2017, with intent to defraud and intent to commit another crime and aid and conceal the commission thereof, made and caused a false entry in the business records of an enterprise, to wit, an invoice from Michael Cohen dated February 14, 2017, marked as a record of the Donald J. Trump Revocable Trust, and kept and maintained by the Trump Organization.”

Repeat – no rinse – 34 times.

Former attorney and Trump “fixer” Michael Cohen already has served time for perjury in relation to his falsifying records. Cohen paid adult film star Stormy Daniels $130,000 in “hush money” prior to the 2016 presidential election to silence her story of having sexual relations with Trump, who then allegedly reimbursed Cohen after winning the election, for “attorney’s fees.” Bragg’s case also draws in $150,000 paid to former Playboy model Karen McDougal via the National Enquirer by former publisher of the tabloid and Trump ally David Pecker in a “catch and kill” scheme to suppress salacious stories.

In a statement on the indictment, DA Bragg said he is charging the former president “for falsifying New York business records in order to conceal information and unlawful activity from American voters by and after the 2016 election. During the election, Trump and others employed a “catch and kill” scheme to identify, purchase and bury negative information about him and boost his electoral prospects. Trump then went to great lengths to hide his conduct, causing dozens of false entries in business records to conceal criminal activity, including attempts to violate state and federal election laws.”

But is a business records fraud case based on suppression of a political sex scandal enough?

Justice Juan Merchan has given Trump more than seven months to hone and repeat his 2024 presidential campaign, setting December 4 for his next court date, just two months before the Iowa GOP caucuses and the New Hampshire primary, according to The Hill. Trump added Merchan to his long list of grievances in his Tuesday night echo-chamber speech at Mar-a-Lago, attended by such acolytes as Reps. Marjorie Taylor Greene (R-GA) and Matt Gaetz (R-FL) and MyPillow guy Mike Lindell. 

On CNN, former Obama advisor David Axelrod likened Trump’s airing of grievances at Mar-a-Lago to “a guy on a barstool telling you about his bad divorce.”

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COMMENTS: editors@thehustings.news

FRI 9/2/22 -- The U.S. economy added 315,000 jobs in August, the Labor Department reported Friday. Notable job gains came in professional and business services, health care and retail trade. Meanwhile, the unemployment rate rose by two-tenths of a point to 3.7%.

--TL

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COMMENTS: editors@thehustings.news

(CHART: Bureau of Labor Statistics)

(FRI 8/5/22)

528,000 more jobs in July…That’s about twice the number economists had predicted for last month, NPR reports. The Labor Department’s Bureau of Labor Statistics says the unemployment rate dropped by 0.1 points, to 3.5% and marks the return of the unemployment rate and nonfarm employment numbers to pre-pandemic, February 2020 levels. Widespread employment gains came in leisure and hospitality, and professional and business services, and health care, BLS reports. 

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China censures Pelosi … The Chinese government has censured House Speaker Nancy Pelosi (D-CA) and her direct family members, over her visit to Taiwan as part of a five-nation diplomatic trip to Asia this week, NPR reports. U.S. Secretary of State Antony Blinken has repeatedly noted Pelosi and her delegation have a right to visit the breakaway island nation and accused Beijing of overreacting, and Pelosi told a Tokyo press conference, “They will not isolate Taiwan by preventing us from traveling there.”

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Sinema signs on … The Senate will begin procedural votes today on the $739-billion Schumer-Manchin Inflation Reduction Act, with a Vote-o-Rama of unlimited amendments expected by the middle of next week. Sen. Krysten Sinema’s (D-AZ) crucial vote on the filibuster-proof budget reconciliation (subject to Senate parliamentarian approval) was secured late Thursday when Democratic leaders agreed to tweak the 15% minimum corporate tax by removing accelerated depreciation, according to Politico, and swap out killing the carried interest tax provision in favor of taxing large corporate buybacks, according to our fellow news aggregates at The Recount

Upshot: Sitting in the Catbird seat since Sen. Joe Manchin (D-WV) signed on with Majority Leader Chuck Schumer (D-NY) last week, Sinema could have made these negotiations much worse for her fellow Senate Democrats. But we find the specificity of her demands, particularly restoration of the carried interest tax provision for wealthy hedge fund managers, curious at the very least.

--Todd Lassa

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COMMENTS: editors@thehustings.news