(A)Political Newsletter - Volume 36

(A)Political Newsletter - Volume 36

Author

Alexander Korfiatis
March 22, 2024

Good morning everyone,

We have a good week with some new developments. First, former President Trump is trying to pick his campaign running mate, with rising stars. Texas is also continuing its fight with the federal government over how much power the state has to police its own border. The Supreme Court and Federal Appeals Court have been bouncing back the court case back and forth. Trump has also told the judge overseeing several of his legal cases that he cannot pay a $454 million bond.

In today’s edition:

  • Stock Watching

  • Trump VP Talk Rises

  • Texas Border Rulings Continue

  • Trump Tells Judge He Cannot Make Bond

CONGRESSIONAL STOCK WATCHER

  • Senator Thomas Carper bought Dell stock in January. It has now risen 48% since

  • BREAKING: Republican Senator Roger Marshall just called out congressional stock trading: "There seems to be some shenanigans going on and Americans deserve to see through them."

    • Marshall stopped trading recently.

  • This is interesting. Two U.S. congressmen have bought stock in companies that manufacture plastics for defense equipment.

    • Representative Kean bought stock in Berry Global. Representative Jackson bought stock in Hexcel.

    • Both sit on the House Committee on Foreign Affairs.

  • U.S. Representative Jonathan Jackson just disclosed a purchase of stock in a company called Hexcel, $HXL.

    • Hexcel manufactures materials for military aircraft.

    • Jackson sits on the House Committee on Foreign Affairs.

  • The Ohio GOP Senate primary is tonight.

    • The two leading candidates are Matt Dolan and Bernie Moreno. We estimate that Dolan has a net worth of $115M.

    • He has a massive portfolio, with many stock holdings.

  • BREAKING: U.S. Senator Kevin Cramer just filed his annual financial disclosure.

    • He is the first Senator to file this year.

    • We estimate that his net worth is now $769K.

    • This is an increase of $77K from last year. We have not seen Senator Cramer trade any stock while in office.

  • BREAKING: We just got data on the stock portfolio of New Jersey Senate candidate Tammy Murphy.

    • It shows that she made up to $675K from put contracts betting against the market. She is running to replace Senator Bob Menendez, who is facing corruption charges.

Trump VP Talk Rises with New Developments

PC: Andrew Harnik | AP

March 21, 2024 - Former President Trump is continuing his hunt for a running mate, with more developments continuing. Former presidential candidate Vivek Ramaswamy has reportedly been passed over for the role, with Trump personally telling him that he would better be a cabinet secretary. Senator Marco Rubio (R.-Fl.) has also been elevated to the shortlist, however. Trump and Rubio have a long history, with them first going head-to-head in the 2016 presidential primaries. Trump made one of his infamous nicknames for Rubio, calling him “little Marco.” Since then, Rubio and Trump have become strong allies, with Rubio constantly defending Trump. Rubio also earned credit by endorsing Trump right before the Iowa Caucuses earlier this year.

Trump’s vice presidential pick is factoring heavily into how he will expand his reach to other moderate or minority groups. Other possible picks include African-Americans, such as Sen. Tim Scott or former HHS Secretary Ben Carson. Possible female contenders include Sen. Katie Britt, Rep. Elise Stefanik, or North Dakota Gov. Kristi Noem. Minority candidates could cause Trump to have stronger support among Latino or African-American voters, which the Republican Party is trying to court. It could also give Trump an effective shield against Biden’s attacks that Trump is divisive and racist. For women, Trump could push for suburban women, who supported Trump in 2016 and then Biden in 2020. Trump needs these votes to swing the election back to him.

Texas Border Court Rulings Continue

(Photo - Michael Reynolds/EPA-EFE/Shutterstock via CNN Newsource)

March 19, 2024 - Texas and the federal government continue their legal battle over how to enforce Texas’ hardline immigration policies. Texas has approved SB 4, which would give local police officers the power to arrest illegal immigrants. Constitutional lawyers believe that the law is unconstitutional and immediately sue. The ruling went all the way to the Supreme Court, which at first allowed the law to hold but then sent the law back to the appeals court to rule. The appeals court ruled that the law was unconstitutional, continuing the confusion over whether the law could actually be enforced. Texas state and local police officers are reporting confusion over whether they can arrest undocumented immigrants. Republicans are pushing the law as a way to show that President Biden is not doing enough to deal with the record number of undocumented immigrants.

The Republicans are effectively trying to supersede federal authorities by having their own laws, according to some immigration experts. Having many states that could craft their own laws overrules the United States’ Supremacy Clause. Immigration enforcement and deportation have always been a federal job, not the states’ authority. Political pundits note that Texas Gov. Greg Abbott could be in the running for Vice President, which would show why he is pushing such a hardline immigration law.

Trump Tells Judge He Cannot Make $454 million Bond

(Photo - Snopes)

March 20, 2024 - Former President Trump’s legal team has told the judge overseeing his case for libel that he cannot make a bond on a $454 million ruling. According to his lawyers, Trump has asked over 30 bond companies for the money, but all have refused. His lawyers immediately filed an appeal to the ruling. Trump lambasted the ruling and his inability to pay for the bond, saying on social media that the bond requirement is “crazy.” The judge in the case has tried to find a compromise solution where either multiple bond companies would give Trump the bond or Trump could put some of his real estate empire into a trust as collateral.

Trump in general has been dealing with a significant cash crunch. President Biden is sitting on a significant war chest and will mobilize his money and the rest of Democrat-aligned funding groups to attack Trump. Trump’s advisor’s concede they will have a disadvantage in terms of cash to burn. However, they say that the polling advantage in swing states could cause Trump to win the 2024 election.

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