Articles by: Bob Adelmann

Kudlow, Wall Street, and Economy Calling for Interest-rate Cut

Kudlow, Wall Street, and Economy Calling for Interest-rate Cut

on July 9, 2019, 6:41 AM / in National News

It all began when Federal Reserve officials opened the door last month to the possibility not only that further interest-rate increases were off the table but that a reversal of last December’s highly controversial rate increase was now part of the conversation. On Friday, President Trump’s National Economic Council Director Larry Kudlow told Bloomberg Television that “they should take back [last December’s] […]

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Latest Poll Increases Pressure on Pelosi to Impeach Trump

Latest Poll Increases Pressure on Pelosi to Impeach Trump

on June 18, 2019, 7:54 AM / in National News, Opinion

The latest poll from NBC News/Wall Street Journal is putting increasing pressure on House Speaker Nancy Pelosi (D-Calif.) to begin impeachment proceedings against the president. It showed support for impeachment from rank-and-file Democrats increasing from 30 percent to almost 50 percent in just the last month. The poll of 1,825 adults taken between June 8-11 showed 48 percent of Democrats supporting filing […]

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As Oil and Gas Prices Drop, Frackers Declare Bankruptcy

As Oil and Gas Prices Drop, Frackers Declare Bankruptcy

on June 11, 2019, 7:00 AM / in National News

Less than two months ago, gasoline prices were headed for $3 a gallon. Today they’re headed for $2 a gallon. This is good news for summer vacationers traveling by car on road trips to theme parks and national parks. Nearly a third of America’s drivers will take a trip by car this summer, burning more than 400 million gallons of fuel […]

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CNN’s Audience Continues to Shrink

CNN’s Audience Continues to Shrink

on June 6, 2019, 6:00 AM / in National News

The results of Adweek’s ratings for Maymeasured just how far from grace CNN has fallen. Adweek, the weekly advertising trade journal, said “CNN stumbled in prime time relative to recent months and years, finishing a distant third place behind Fox News and MSNBC in the relevant categories, and dropping out of the top 15 basic cable networks in total prime time viewers altogether.” […]

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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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