Articles by: Bob Adelmann

Trump Judge Rules House Can’t Stop Him From Building Wall Using Other Funds

Trump Judge Rules House Can’t Stop Him From Building Wall Using Other Funds

on June 5, 2019, 6:06 AM / in National News

As a candidate for president Donald Trump promised that, if elected, he would nominate judges and justices on the basis of their commitment to “original intent” of the Founders when they crafted the U.S. Constitution in 1787. One of those judges used the words of our Founders in a ruling on the contentious issue of President Trump’s “beautiful wall.” Trevor McFadden, who […]

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“I Don’t Do Coverups”: Trump Walks Out of Meeting With Top Dems

“I Don’t Do Coverups”: Trump Walks Out of Meeting With Top Dems

on May 24, 2019, 5:49 AM / in National News, Opinion

The mainstream media blamed President Trump for abruptly ending Wednesday’s meeting with top Democrats to discuss infrastructure funding. They included the Associated Press, CNBC and the New York Times. The Times’ headline was indicative: “Trump, Angered by ‘Phony’ Inquiries, Blows up Meeting with Pelosi and Schumer.” House Speaker Nancy Pelosi (D-Calif.) made incendiary remarks about the president to a left-wing group just before the meeting […]

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Fed Fears Rising Corporate Debt, Ignores Rising Federal Debt

Fed Fears Rising Corporate Debt, Ignores Rising Federal Debt

on May 8, 2019, 6:56 AM / in National News, Opinion

For the second time in six months the Federal Reserve has issued a warningabout excessive corporate debt. Its Financial Stability Report, released on Monday and issued twice a year, repeated its concerns over rising corporate debt burdens, particularly those being incurred by companies already carrying the most debt. It said that “leveraged lending” — lending to companies whose debt already exceeds four […]

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John Lott’s Latest Study Refutes Claims That Schools With Armed Teachers Are Dangerous

John Lott’s Latest Study Refutes Claims That Schools With Armed Teachers Are Dangerous

on May 7, 2019, 6:34 AM / in National News

John Lott couldn’t find a single instance of a shooting on a school campus where teachers and staff were permitted to carry concealed, going all the way back to 2000. John Lott’s latest study refutes claims by anti-gunners that the presence of firearms on school campuses increases the chances of gun violence. President of his Crime Prevention Research Center, Lott’s […]

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Maduro Caves, Allows Red Cross to Help Hospitals With Medical Supplies, Generators

Maduro Caves, Allows Red Cross to Help Hospitals With Medical Supplies, Generators

on April 18, 2019, 6:43 AM / in International News, Opinion

The International Red Cross (IRC) delivered24 tons of medical supplies and 14 generators to Caracas’ airport bound for Venezuela’s hospitals on Tuesday. This was a de facto admission by Maduro’s socialist regime that it couldn’t provide even basic life-sustaining necessities for its people, the initial crack in Maduro’s facade of denial that his government is failing and a very public admission […]

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Stephen Moore’s Senate Confirmation Hearings Could Get Ugly

Stephen Moore’s Senate Confirmation Hearings Could Get Ugly

on March 31, 2019, 6:46 AM / in National News, Opinion

When President Trump announced that he was inviting his presidential campaign’s economic advisor, Stephen Moore, to accept his nomination to fill a vacancy on the Fed’s Board of Governors last week, The New Americansuggested that it was likely that his sharp criticism of the Fed would become muted if and when he was confirmed. Within days of that announcement, however, the […]

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Bump Stocks Now Illegal, With One Exception

Bump Stocks Now Illegal, With One Exception

on March 27, 2019, 6:27 AM / in National News

The 90-day waiting period for banning bump stocks ended on Tuesday for every owner of the now-illegal firearm accessory, with one exception: Clark Aposhian (shown). With the assistance of the New Civil Liberties Alliance (NCLA), Aposhian obtained a temporary stay of the new administrative decree. It only protects him, but it opens the door for its eventual reversal. Said NCLA’s lead counsel, […]

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More Guns, Less Crime: Concealed-carry Permit Holders More Law-abiding Than Police

More Guns, Less Crime: Concealed-carry Permit Holders More Law-abiding Than Police

on February 15, 2019, 7:12 AM / in National News

More than 17 million Americans have obtained their concealed-carry permits, and about four out of every 10 of them carry a firearm with them at least some of the time. This has been the cause of much angst among the anti-gun crowd, which still believes that more guns will equal more crime. Exactly the opposite has been proven to be the […]

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Ninety Percent of Guns Used in Crime Not Obtained From Gun Stores/Shows

Ninety Percent of Guns Used in Crime Not Obtained From Gun Stores/Shows

on January 15, 2019, 6:09 AM / in National News

The Department of Justice just updated its decades-old study asking criminals where they got the guns they used in committing the crime for which they were currently incarcerated. After asking 287,000 prisoners in 2016 where they got the gun they used, 90 percent of them “did not obtain it from a retail source” and less than one percent obtained it from a […]

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Bull Market Could Run for 10 More Years; Tariffs Are Helping

Bull Market Could Run for 10 More Years; Tariffs Are Helping

on January 12, 2019, 6:03 AM / in National News

Jeffrey Vinik, one of America’s most successful hedge-fund operators, told CNBC’s “Squawk Box” on Thursday that he thinks the current bull market in stocks will run another 10 years. Furthermore, Vinik sees such opportunity in stocks that reflects the thriving U.S. economy that he’s reopening the hedge fund that he closed in 2013. Vinik managed Fidelity’s Magellan Fund from 1992 to […]

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Government “Shutdown” Forces IRS To Lay Off Most of Its People

Government “Shutdown” Forces IRS To Lay Off Most of Its People

on January 3, 2019, 11:04 AM / in National News, Opinion

Tax preparation firm Bacon & Gendreau informed its clients on December 28 that, due to the so-called government shutdown, “the IRS has furloughed all but 12% of its employees across the country.” Because of that, the IRS “will continue to process electronically filed and paper returns with payments” but they “will not issue any refunds.” In addition the agency “will not perform […]

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What Sparked Wall Street’s Massive Turnaround Late Thursday?

What Sparked Wall Street’s Massive Turnaround Late Thursday?

on December 29, 2018, 6:14 AM / in National News, Opinion

Most Wall Street observers were caught by surprise at the massive upward spike in stock prices that turned a 600-point down day on the Dow into a gain of 230 points. It began less than 90 minutes before the close, and by the time the market closed stocks had gained nearly four percent from the low of the day. Michael Wursthorn, writing […]

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Growing U.S. Economy Unable to Keep Up With Growing Government Spending

Growing U.S. Economy Unable to Keep Up With Growing Government Spending

on October 17, 2018, 6:43 AM / in National News

The White House just officially announced the final numbers for Fiscal Year 2018, which ended September 30. They are ugly: The gap between revenues and spending widened to $779 billion over the previous year, a jump of $113 billion (or 17 percent), despite increased revenues. This is the third consecutive year of rising deficits, with no apparent end in sight. The […]

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New York Times: Trump Impeachment Is on the Ballot

New York Times: Trump Impeachment Is on the Ballot

on October 16, 2018, 6:37 AM / in National News, State News

It’s official: Peter Baker, the chief White House correspondent for the New York Times, the mouthpiece for the liberal establishment, has written that, if the Democrat Party takes the House in the midterms just three weeks away, it will move to impeach the president in the next Congress: “While Democrats are largely ducking the topic on the campaign trail, few in Washington […]

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Police Commend Concealed Carry Citizen for Assisting in Chicago Shootout

Police Commend Concealed Carry Citizen for Assisting in Chicago Shootout

on September 15, 2018, 6:12 AM / in State News

An individual with a concealed carry permit was commended by police for helping police officers stop a runaway suspect Thursday night in the Chicago suburb of Cicero. Following the incident, Cicero Police Superintendent Jerry Chlada told reporters: “We were lucky enough to have a citizen on the street there who’s a concealed-carry holder, and he also engaged in gunfire.” Cicero Town President […]

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Is the U.S.-Mexico Trade Agreement a Stealth NAFTA?

on August 29, 2018, 8:09 AM / in International News, National News

As President Trump opened his telephone conversation with Mexico’s President Enrique Peña Nieto from the Oval Office on Monday morning, he said concerning the trade deal being discussed, “They used to call it NAFTA — we’re going to call it the United States-Mexico Trade Agreement, and we’ll get rid of the name NAFTA. It has a bad connotation because the United States […]

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U.S. Household Debt at $13.2 Trillion — Cause for Worry?

U.S. Household Debt at $13.2 Trillion — Cause for Worry?

on August 2, 2018, 7:12 AM / in National News

The latest report from the Federal Reserve Bank of New York triggered all manner of financial anxiety. At $13.2 trillion, total U.S. household debt increased from $12.7 trillion a year ago, a jump of nearly four percent. Lending Tree, a loan comparison website, reported that the consumer-debt portion of total household debt will hit $4 trillion well before the end of […]

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Revenues Grow but Spending Grows Faster — and Deficit Explodes

Revenues Grow but Spending Grows Faster — and Deficit Explodes

on June 14, 2018, 6:16 AM / in National News

The nonpartisan Congressional Budget Office (CBO) has never bought the line that Trump’s tax cuts would pay for themselves. Instead, it has projected that tax revenues over the next 10 years will fall $1.5 trillion short of government spending over that period. The report from the U.S. Department of the Treasury on Tuesday confirmed the CBO’s conclusion: For May, increases in […]

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Mulvaney Drains Part of the Swamp by Firing 25 CFPB Board Members

Mulvaney Drains Part of the Swamp by Firing 25 CFPB Board Members

on June 9, 2018, 7:44 AM / in National News

Acting Director of the Consumer Financial Protection Bureau (CPFB) Mick Mulvaney (also Office of Management and Budget director) is no fan of the agency that he runs, having called it a “sick, sad joke” and “essentially a one-person dictator[ship].” The CFPB, a brain-child proposed by left-wing Harvard professor Elizabeth Warren as far back as 2007, was specifically and deliberately designed […]

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“Stand for the Second” Student Walkout Extends Across the Land

“Stand for the Second” Student Walkout Extends Across the Land

on May 3, 2018, 7:34 AM / in National News

Will Riley, a senior at the 1,600-student Carlsbad High School in Carlsbad, New Mexico, got upset when he saw the mainstream media fawning over the likes of David Hogg and his March for Our Lives rally. He decided to do something about it: “I’m watching the news and I see they’re saying, ‘Well, we have to do something about [school […]

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