BREAKING THIS AM… CNBC : Dow drops 300 points, breaks below 30,000 on fear the Fed is overdoing its inflation fight
Stocks slumped on Friday and were on pace for another losing week as investors feared the Federal Reserve's aggressive hiking campaign to fight inflation will lead to an economic downturn.
Dow Jones Industrial Average futures fell by 340 points, or 1.1%, while the S&P 500 slid 1.3%. The Nasdaq Composite lost 1.2%.
Friday marked the fourth negative session in a row for the major averages, with the Dow falling below its June closing low and the 30,000 mark. The Fed on Wednesday enacted another super-sized rate hike of 75 basis points and indicated it would do another at its November meeting.
BIDEN FETCHES 3 PINOCCHIOS FOR SAYING HE 'REDUCED THE DEFICIT' … 'THE REALITY IS HE'S INCREASED THE BUDGET DEFICIT, NOT REDUCED IT.' … WAPO : Biden's unwarranted bragging about reducing the budget deficit
Biden never quite says his policies reduced the deficit. But when he says things like "I lowered your deficit," he certainly signals that.
The president is playing a rhetorical shell game. He's trying to dazzle listeners with impressive-sounding numbers. But the reality is he's increased the budget deficit, not reduced it. […]
Before Biden took office, CBO said in its early 2021 projection that the budget deficit was expected to decline $875 billion in 2021. But then Biden enacted additional covid relief funds and other new policies, resulting a more modest decline of $360 billion.
The budget deficit was expected to fall even more in 2022, and it has under Biden. But the combined 2021 and 2022 budget deficits were projected by CBO to be $3.31 trillion. Now, CBO says they will be $3.81 trillion.
In other words, Biden is bragging about reducing budget deficits even as he increased the national debt about $500 billion more than originally projected.
BIDEN CALLS HIS OWN SPENDING PACKAGE THE 'INFLATION ACT' … JAKE SHERMAN : Biden on @GOPLeader during a fundraiser today
"And so, folks, you know — and McCarthy is going to put out his position. He said the first thing they're going to do is get rid of my — my legislation — well, the law I just signed on dealing with the — you know, the Inflation Act. You know, and that means they're going to raise the cost of Social Security. They're going to raise — I won't go through the whole thing. I won't bore you with it. You've got to — you'll figure it out. It's a very different, different view. A very different view."
MCCARTHY PICKS HIS MIDTERM DRUMS: ECONOMY, CRIME, BORDER, SCHOOLS… PLANS HOUSE INVESTIGATIONS INTO COVID LAW, THE DOJ, AFGHANISTAN, & HUNTER… KEVIN MCCARTHY : Here's what Republicans will deliver when we take back the House
It's called the Commitment to America. […]
It also prioritizes cutting the oil-and-gas-permitting process time in half, lowering energy costs and creating good-paying jobs by unleashing reliable, abundant American-made energy. And it modernizes outdated regulations to expand American manufacturing, strengthen our supply chain and end our dependence on China for critical goods. […]
To secure our southern border, we'll end catch-and-release loopholes, invest in effective border enforcement and deploy technology to stop the endless flow of illegal immigration and drugs under Biden that's turned every city into a border city.
To reduce crime, we'll support 200,000 new law-enforcement officers through hiring bonuses, permanently criminalize illicit fentanyl and crack down on soft-on-crime prosecutors. If woke district attorneys won't do their job, they don't deserve another dime of federal money. […]
We're committed to investigating issues that deserve real scrutiny, including the politicization of science that drove government-mandated lockdowns and school closures, the weaponization of the Department of Justice, the botched withdrawal from Afghanistan that created 13 new Gold Star families and potential conflicts of interests connected to the president's family's business dealings.
TRUMP TAKES OUT HIS CHECKBOOK… BONUS: ALEX PFEIFFER CAREER UPDATE… POLITICO : Trump to unleash millions in the midterms in possible prelude to 2024
Donald Trump's top lieutenants are launching a new super PAC that is expected to spend heavily to bolster his endorsed candidates in the midterm election — and, some people close to the former president say, could become a campaign apparatus if he runs in 2024.
Sanctioned by the former president, the new group, dubbed MAGA, Inc., will become the primary vehicle for Trump's operation to engage in political activity in 2022. The outfit is designed to funnel large sums into key races and could conceivably be used to boost Trump in the event he seeks the White House again. […]
MAGA, Inc. will be overseen by Budowich, who's been serving as the former president's communications director and was previously a senior adviser on his 2020 reelection campaign. Chris LaCivita, a veteran Republican operative who in 2020 ran the biggest-spending pro-Trump super PAC, will be the vehicle's chief strategist. Tony Fabrizio, a longtime Trump pollster who worked on his 2016 and 2020 campaigns, will oversee polling.
Running the finance team will be veteran GOP fundraiser Meredith O'Rourke, who has worked for Trump. The communications department will be staffed by Steven Cheung, who worked on Trump's 2016 and 2020 campaigns and worked in his administration, and Alex Pfeiffer, a conservative media strategist and former producer for Fox News host Tucker Carlson.
DEMS ON THEIR HEELS … Three Swing-State Dem Senators Are In Serious Trouble, New Polling Shows
As the midterms approach, three swing-state Democratic Senators are in danger of losing their respective races, according to new polling from Data for Progress.
In Arizona, Democratic Sen. Mark Kelly is barely holding onto a 1% lead over Republican candidate Blake Masters, with 48% of respondents saying they would vote for him in the midterms; Masters polled just behind Kelly at 47%, according to Data for Progress.
In Georgia, Democratic Sen. Raphael Warnock is tied 46% to 46% with Republican candidate and former football star Herschel Walker, the poll showed. In Nevada, Republican Adam Laxalt leads opponent Democratic Sen. Catherine Cortez Masto, with 47% of respondents saying they would vote for Laxalt compared to 46% for Cortez Masto, according to the poll.
NEVADA REPUBLICAN HOLDS LEAD IN SENATE RACE… ADS FOCUSED ON ECONOMY, BORDER, CRIME… SMACKS DOWN ABORTION CHATTER… 'WHY DO DEMOCRATS LIKE CATHERINE CORTEZ MASTO ONLY TALK ABOUT SOMETHING THAT HASN'T CHANGED? BECAUSE THEY CAN'T DEFEND EVERYTHING THAT HAS.' … JOHN SEXTON: Fourth poll in the past week shows Adam Laxalt leading Nevada Senate race ( VIDEOS )
Real Clear Politics' average of polls has Laxalt up slightly more than a point, 45.3 to 44. Of course all of these polls and poll averages are well within the margin of error, but this race is definitely looking like a dead heat. Part of that appears to be a shift from polls of registered voters to polls of likely voters.
Looking at Laxalt's YouTube site, he's uploaded two new 30-second ads in the last day. The first one is a pretty clever defensive ad on the issue of abortion.
The second ad is an attack ad tying Cortez Masto to Biden on the border crisis.
SEARCH RESULTS SHOW BORDER CONCERNS DWARF ABORTION, TRUMP-DOJ PAPERWORK DISPUTE… AXIOS : Search interest in abortion falls as the border rises
Americans' Google searches and story interactions around crime and immigration are eclipsing abortion and the FBI search of Mar-a-Lago, according to the Axios midterms dashboard powered by Google Trends, as well as new data from NewsWhip.
Why it matters: With elections seven weeks away, some topics more likely to favor Democrats have been losing ground to those that may favor Republicans.
THANKS RON, DOUG & GREG… NEIL PATEL : Ron DeSantis Found A Way To Finally Get People To Focus On America's Open Border Catastrophe
What's been happening at America's southern border is so crazy and so out of control that it's almost hard to comprehend. As with all national issues, the power of the corporate media to set the narrative for the massive (but shrinking) number of Americans who still rely on them exclusively to stay informed has also played a role. The media is not interested in the border story. Sure, they cover it when they absolutely must, but they have been downplaying the catastrophe from the start. Florida Gov. Ron DeSantis, Arizona Gov. Doug Ducey and Texas Gov. Greg Abbott are changing all that. They are creating a story that even the corporate media can't ignore. In the process, Americans are being forced, for the first time, to confront the reality of the tragedy on America' southern border.
You don't have to be anti-immigration to believe in national borders. Countries need borders. It's a fundamental aspect of national sovereignty. It's crazy to have to write down something so obvious. Every normal person knows this. But our border policies are not being run by normal people. They are being run by left-wing ideologues with views completely outside mainstream political thought. The result has been catastrophic for America. It's also been a tragedy for many migrants, but no one has paid a larger price for the complete breakdown on the border than America's border towns.
THE LEFT IS IN A TIZZY… POLITICO : Immigration groups on high alert as they await DeSantis' next flight
TALLAHASSEE, Fla. — GOP Gov. Ron DeSantis' refusal to give advance notice before flying migrants to cities is causing chaos among immigrant groups and states trying to anticipate where his next flight will land.
Without a heads up, they are left scrambling — with just hours to help migrants find shelter, food and legal guidance. When DeSantis sent asylum seekers to Martha's Vineyard with little notice, residents were forced to rely on Spanish-speaking high school students to translate and dozens of migrants spent the night in a church, the best shelter available at the time.
Even the White House this week was rushing to coordinate with Delaware officials after a flight was expected to land in President Joe Biden's home state. Texas GOP Gov. Greg Abbott had previously [sent] several busloads of migrants to Vice President Kamala Harris' residence at the Naval Observatory.
AIR FORCE ACADEMY DOES IT AGAIN … Air Force Academy promotes fellowship that bans 'cisgender' men: 'This program isn't for you'
The United States Air Force Academy (USAFA) in Colorado is encouraging cadets to apply for a fellowship program for "gender minorities" that specifies "cisgender" men need not apply.
The academy sent an email on Sept. 14 informing cadets that the 2023 application for the Brooke Owens Fellowship for "undergraduate women and gender minorities interested in aerospace" is due by Oct. 10.
The application on the fellowship's website says, "If you are a cisgender man, this program isn't for you."
"If you are a cisgender woman, a transgender woman, non-binary, agender, bigender, two-spirit, demigender, genderfluid, genderqueer, or another form of gender minority, this program is for you," the application states. "If you are a cisgender man, this program isn't for you… but we encourage you to check out our spinoff programs, the Patti Grace Smith Fellowship and the Matthew Isakowitz Fellowship Program."
THANKS, OBAMA … America's Ongoing Avalanche Of Sex Changes Can Be Traced Back To Barack Obama
The increased proliferation of sex change operations in the United States, including for children, can be linked directly to provisions in the Affordable Care Act, former President Barack Obama's landmark legislative achievement.
Just 3,256 gender transition procedures were performed in the United States in 2016, the year that the Department of Health and Human Services (HHS) began forcing health insurance providers to cover such procedures in their plans. The next year, the number surged by more than 150%, and in 2020 surpassed 16,000, according to data from the American Society of Plastic Surgeons.
In 2014, the Obama administration overturned a rule which barred the use of Medicare funds for gender transition operations, paving the way for a massive expansion of sex change surgeries under the ACA.
VIRGINIA LAWMAKERS ARGUE ABOUT RADICAL GENDER IDEOLOGY IN SCHOOLS… WAPO : Youngkin's meeting with Va. delegation gets heated over trans policy
When it was [Rep. Bob] Good's turn to speak, he defended the governor and his administration's new policy as the right thing to do for children. In Good's view, schools and teachers were "grooming" children to change their gender, arguing they are being forced into gender transitions.
Rather than bullying of trans students contributing to suicide, Good argued that "the fact that these kids are killing themselves is because of grooming," aides said, and that they were being "forced" to undergo gender-affirming surgeries — comments that the aides said raised the temperature in the room.
[Rep. Abigail] Spanberger responded forcefully, telling Good, "That's not f—ing true."
'NO EVIDENCE' TO SUPPORT HIT-AND-RUN DRIVER'S 'REPUBLICAN EXTREMIST' EXCUSE… FOX : North Dakota official says 'no evidence' supports suspect's claim teen was Republican 'extremist'
A North Dakota official said that there's "no evidence" supporting Shannon Brandt's claim that 18-year-old Cayler Ellingson was part of a "Republican extremist group" before he allegedly used his car to hit the teenager, who later died.
Brandt, 41, is being charged with criminal vehicular homicide, as well as leaving the scene of a crash involving a death after the incident in the early Sunday morning hours. He was held in the Stutsman County Jail until Tuesday, when he posted a $50,000 bond and was released. […]
North Dakota Highway Patrol Captain Bryan Niewind told Fox News Digital on Thursday that there's no evidence supporting Brandt's claim that Ellingson was a part of a "Republican extremist group."
"There is no evidence to support the claim Brandt made about Ellingson," Niewind said. "This remains an active investigation and as evidence is gathered and reviewed, we will consult with the Foster County State's Attorney to determine if Brandt's current charges will remain as currently charged or if additional charges will be brought against him."
'CANADIANS HATE YOU, YOU BASTARD!' — MAN IN PURPLE SWEATER UNLOADS ON JUSTIN TRUDEAU… ( VIDEO )
PUTIN APPEARS TO BE SENDING PROTESTERS AND IMMIGRANTS TO FRONT LINES… CNN : Tearful scenes and protest as mobilization gets underway in Russia
In an early sign of how seriously Moscow is ramping up its efforts, the Human Rights Council of Russia has proposed that immigrants from central Asian countries who have had Russian citizenship for less than 10 years will undergo compulsory military service in Russia for a year.
"We are preparing proposals for new citizens of the Russian Federation who have Russian citizenship for less than 10 years to do compulsory military service for a year for people from Central Asian countries: Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan," council member Kirill Kabanov wrote on Telegram Thursday.
"Refusal to perform military duty should entail the deprivation of Russian citizenship not only for a person liable for military service, but also for members of his family," he added. […]
Following the speech, at least 1,300 people were detained across Russia on Wednesday for participating in nationwide anti-war protests — with some directly conscripted into the military, according to a monitoring group, after leader Vladimir Putin announced a "partial mobilization" of citizens for his faltering invasion of Ukraine.
Images and videos show police cracking down on demonstrators in multiple cities, with footage showing several protesters at a demonstration in central Moscow being carried away by the police and authorities in St. Petersburg attempting to contain a crowd chanting "no mobilization" outside Isakiivskiy Cathedral.
Police detained the protesters across 38 cities in Russia on Wednesday, according to figures released shortly after midnight by independent monitoring group OVD-Info. The group's spokeswoman Maria Kuznetsova told CNN by phone that at at least four police stations in Moscow, some of the protesters arrested by riot police were being drafted directly into Russia's military.
MEDVEDEV DOUBLES DOWN: YES, RUSSIA IS WILLING TO USE NUKES NOW… REUTERS : Russia's Medvedev: new regions can be defended with strategic nuclear weapons
LONDON, Sept 22 (Reuters) – Former Russian president Dmitry Medvedev said on Thursday that any weapons in Moscow's arsenal, including strategic nuclear weapons, could be used to defend territories incorporated in Russia from Ukraine.
Medvedev, deputy chairman of Russia's Security Council, said that referendums being organized by Russian-installed and separatist authorities in large swathes of Russian-occupied Ukrainian territory will take place, and that "there is no going back."
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