Like Biden, Trump Does Not Control the Price of Eggs

“Trump talked repeatedly about runaway grocery prices during the campaign, pledging that if elected, paying over $4 for a carton of eggs would be a thing of the past. “When I win, I will immediately bring prices down, starting on Day 1,” he pledged.  But after

Biden’s DOJ just asked the Supreme Court to do a huge favor for Donald Trump

“The question of whether a single federal trial judge should have the power to halt a federal law or policy throughout the entire country is hotly contested. As Justice Neil Gorsuch wrote in a 2020 opinion arguing against nationwide injunctions, “there are currently more than 1,000 active and senior district court judges, sitting across 94 judicial districts, and subject to review in 12 regional courts of appeal.” If nationwide injunctions are allowed, any one of these district judges could potentially halt any federal law, even if every other judge in the country disagrees with them.
The problem is particularly acute in Texas’s federal courts (Mazzant sits in the United States District Court for the Eastern District of Texas), where local rules often allow plaintiffs to choose which judge will hear their case. During the Biden administration, Republicans often selected highly partisan judges to hear challenges to liberal federal policies — and those judges frequently rewarded this behavior by issuing nationwide injunctions.

Such injunctions can potentially be lifted by a higher court, but the process of seeking relief from such a court can take weeks or even months — and that’s assuming that the appeals court is inclined to follow the law. Federal cases out of Texas, for example, appeal to the US Court of Appeals for the Fifth Circuit, which is dominated by far-right judges who frequently defy Supreme Court precedents that are out of favor with the Republican Party.

Moreover, while some Republican judges such as Gorsuch expressed doubts about these nationwide injunctions, the GOP-controlled Supreme Court frequently let such injunctions against the Biden administration remain in effect for many months — even if a majority of the justices eventually concluded that the policies at issue in those cases, which often involved disputes over immigration policy, were legal. So the Court apparently did not view ending the practice of nationwide injunctions as a high priority so long as those injunctions thwarted Democratic policies.”

https://www.vox.com/scotus/393540/supreme-court-garland-texas-top-cop-shop-nationwide-injunction

Biden and Trump Show Presidents How To Abuse Clemency

“”If you committed violence on that day, obviously you shouldn’t be pardoned,” J.D. Vance, now the vice president, said last week. But that “obvious” caveat was notably missing from the indiscriminate pardons Trump actually issued, which he claimed were necessary to remedy “a grave national injustice” and start “a process of national reconciliation.”

Such a reconciliation is impossible when the president is willing to excuse political violence as long as it is perpetrated by his supporters.”

https://reason.com/2025/01/22/biden-and-trump-show-presidents-how-to-abuse-clemency/

Israel-Hamas Ceasefire Deal Cements Biden’s Heinous Legacy

Did all the death and destruction wrought by Israel trying to get Hamas achieve anything? If Gaza is still ruled by a terrorist organization, won’t it just rebuild, then attack Israel, and this happens all over again?

https://www.youtube.com/watch?v=-N4lGbv-ULE

Biden’s Attempts To Forgive Student Debt Were a Disaster

“In August 2022, Biden announced a blanket forgiveness of up to $20,000 in federal student loans for single borrowers earning less than $125,000 or couples earning less than $250,000. This plan—estimated to cost over $500 billion—was swiftly blocked in federal court, and the Supreme Court later struck it down as an unconstitutional exercise of the spending power.
While Biden couldn’t quite bring home the grand prize, he managed to cancel billions in student loans through now-blocked changes to the federal student loan program. Unsurprisingly, these changes also led to a big increase in the estimated 2024 federal deficit—a $145 billion hike.

The seminal achievement of Biden’s student loan overhaul was the introduction of the Saving on a Valuable Education (SAVE) plan, an income-driven repayment plan that dramatically reduces most borrowers’ monthly payments. Under the previous version of the program, borrowers were directed to pay 10 percent of their discretionary income (calculated as earnings above 150 percent of the federal poverty rate) for 20 years before receiving forgiveness. Borrowers will now pay just 5 percent of their discretionary income (now estimated as earnings more than 225 percent of the federal poverty level), with some receiving forgiveness after only 10 years. While the program was estimated to cost taxpayers nearly $500 billion over the next decade, federal courts fully blocked the program by July 2024.

If somehow allowed to go forward, the SAVE plan would be likely to incentivize students to take on much larger student loan balances, because the program requires borrowers to pay so little back before forgiveness. Ultimately, it’s difficult to see how this extra spending doesn’t encourage colleges to hike tuition.”

https://reason.com/2024/12/14/student-debt-disaster/

President Biden blocked the sale of US Steel. Why?

“in the face of increasingly tough competition both domestic and foreign, US Steel started to look for a buyer. Late last year it found one in Nippon Steel, the largest steel manufacturer in Japan, which offered $14.9 billion for the company.
In many ways, it seemed like a natural fit. The world’s current leading steel producer, by a wide margin, is China, and just as a US-Japan alliance is the linchpin of efforts to contain China militarily, a US-Japan corporate merger could be a linchpin of efforts to contain China’s efforts to dominate the steel market. Letting a military rival control the production of such a crucial material (and such an important one for defense applications like warships and warplanes) comes with clear risks.

Except the deal now will not go through. President Joe Biden, who came out in opposition to the deal in March, announced on Friday he would block the sale on the grounds that the deal represented a threat to national security.

“It is my solemn responsibility as president to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue to power our national sources of strength at home and abroad,” Biden said in a statement. “And it is a fulfillment of that responsibility to block foreign ownership of this vital American company.”

The decision comes after the Committee on Foreign Investment in the United States (CFIUS, an interagency council controlled by Biden’s Cabinet and other appointees) decided not to formally recommend whether the takeover should go forward, though it did express reservations about the deal in letters to Nippon Steel and US Steel. CFIUS has the power to vote mergers and acquisitions it deems dangerous to national security.

National security, though, is not necessarily the reason why Biden made the highly unusual decision to block the deal, even though US Steel is threatening to shut down multiple mills should the deal not go through, which could put thousands out of work. His administration’s diplomats had reportedly told Japanese officials they need to kill the merger so Democrats would win Pennsylvania last November. (Even though Kamala Harris also came out against the deal on the campaign trail, she still lost Pennsylvania by over 100,000 votes.) Donald Trump also signaled opposition to the acquisition.

Why did this deal become so unpopular? Some of it surely is the symbolism of “US Steel” being sold to “Nippon Steel,” which if included as a plot point in a late ’80s/early ’90s movie about the unstoppable economic rise of Japan, would come across as a little too on the nose. Unsurprisingly, Trump, whose form of nationalism has a distinct 1980s vintage, explained his opposition as motivated by a desire not to sell out to “Japan.”

But the bigger reason politicians lined up against the deal is that the leadership of the United Steelworkers union (USW), which includes most of US Steel’s workforce among its 60,000 steelmaking members, strongly opposed it, though many members dissented. Sen. John Fetterman (D-PA) candidly stated he’ll oppose the deal as long as the union does.”

“One can hardly blame the United Steelworkers union for being skeptical of minimills, given how the spread of the business model has decimated its membership. The problem is not just that minimills require fewer workers, but that they tend to be located in southern, anti-union states, with non-union labor.

There are a total of eight operational integrated steel mills in the US, all owned by US Steel or Cleveland-Cliffs; three are in Indiana, two in Ohio, one in Michigan, and one in Pennsylvania. The eighth, in Granite City, Illinois, idled its blast furnaces indefinitely late last year, though it continues to roll and finish steel slabs produced elsewhere. All eight of these facilities are unionized, six by the United Steelworkers.

By comparison, there are 88 electric arc furnace facilities in the US. While it’s hard to know what share are unionized, most are not; only about 23 percent of iron and steelworkers in the US overall are covered by a union contract, down from over half in 1983. Given that almost all workers in integrated mills are covered, it’s reasonable to surmise that the large majority of minimill workers aren’t in a union, making steel a majority non-union industry overall.

There are always exceptions, like a US Steel electric arc furnace facility in Alabama where workers are USW members, but for the most part, big integrated mills mean union power, and minimills with electric arc furnaces mean union decline. Nucor, the largest steel company in the US with over 25 million tons sold last year to US Steel’s 15.5 million, both pioneered minimills and is famously non-union. Even US Steel, long a center of union strength, acquired an Arkansas non-union electric arc furnace mill in 2021.”

“How did this tie into the Nippon Steel bid? Essentially, the steelworkers saw Nippon as threatening to move US Steel toward minimill-type production and away from the conventional blast furnace/basic oxygen furnace integrated mills where the union is strongest.”

““The reality is that there are certain crucial products that simply cannot be made without blast furnaces, including those used in automotive, energy, and national security applications,” the union insisted. They have a point. We can’t run the world economy on recycled scrap metal alone, and advanced high-strength steel (AHSS), needed for car manufacturing among other uses, tends to be made with blast furnaces, not electric arc furnaces, in part because scrap of high enough quality to make AHSS is rare. EAFs running on iron produced through direct reduction, not blast furnaces, may be able to make inroads here, but right now we need blast furnaces for cars.

There are other union concerns as well. The acquisition was announced without giving the union prior notice, which it claims violates the collective bargaining agreement reached between the union and US Steel.

Moreover, the union had another buyer in mind: Cleveland Cliffs, the No. 2 steel company in the US and the only other operator of traditional integrated mills. The company committed to the union that no union member would lose their job upon acquisition, and would continue to operate blast furnaces. Once again, the USW position emphasizes keeping traditional mills, with large union workforces, going.

However, Cleveland Cliffs only offered $7.3 billion, about half of Nippon’s $14.9 billion, for US Steel. It reportedly offered much more than that privately in response to the Nippon bid, but even then it didn’t match the Nippon offer. A Cleveland Cliffs purchase would have also raised major antitrust issues that would presumably bother the unusually antitrust-focused Biden administration. The Alliance for Automotive Innovation, the US auto manufacturers’ lobby, wrote to policymakers to express concern over one firm controlling 100 percent of US blast furnaces, and 65 to 90 percent of the steel used in vehicle manufacturing.

Industry press coverage of Cliffs notes quite candidly their strategy of trying to dominate blast furnace production so they can charge a higher price. In other contexts, that’s a kind of monopoly-oriented strategy that Biden appointees like Federal Trade Commission chair Lina Khan or Department of Justice antitrust chief Jonathan Kanter would normally object to.”

“Some environmental groups criticized the deal on the grounds that Nippon is committed to keeping high-emissions blast furnaces running — precisely the opposite conclusion of the steelworkers’ union. If the steelworkers were right, that probably would have been good news for Nippon and US Steel’s carbon footprint.

As it stands, electric arc furnaces are far cleaner than blast furnace/basic oxygen steel production.”

https://www.vox.com/politics/371377/us-steel-nippon-steel-kamala-harris-donald-trump-unions

FBI informant accused of lying about Bidens agrees to plead guilty

“A former FBI informant charged with fabricating corruption allegations about President Joe Biden and his son has agreed to plead guilty to four felony charges to resolve two pending federal criminal cases against him, according to a court filing.
Alexander Smirnov, 44, admitted to lying when he told the FBI that he took part in meetings with executives from Ukrainian energy company Burisma in 2015 or 2016 about a scheme to pay $10 million to Joe and Hunter Biden. Joe Biden was the vice president at the time of the fabricated meetings, and Smirnov claimed the purported payments were bribes to “protect us … from all kinds of problems,” according to a plea agreement filed Thursday in federal court in Los Angeles.”

https://www.politico.com/news/2024/12/12/smirnov-bidens-plea-agreement-00194004

4 Presidential Pardons From History That Were Way More Controversial Than Biden’s

“as a historical matter, the critics are dead wrong when they insist that the Hunter Biden pardon is a unique and uniquely polarizing use of the pardon power. Presidents since George Washington have wielded that power, often in extraordinarily controversial ways.
The question isn’t whether Biden’s action was somehow singular in its offensiveness — history shows us that it is not. It’s whether the pardon power, a constitutional holdover from the divine rights of kings, is a power worth removing altogether from the Constitution.

Here are four earlier examples of controversial uses of the pardon power, from Washington to Bill Clinton. Together, they make Biden’s pardon look almost quaint.”

https://www.politico.com/news/magazine/2024/12/04/biden-presidential-pardon-controversy-00192404

Is Trump Aiming To Continue Biden’s Antitrust Insanity?

“Right-wing populism is a strange bird, an ideology that’s not grounded in any enduring economic or philosophical principles. It mainly entails using the government to address a variety of ill-formed social, nationalistic, and cultural grievances. Former British politician David Gauke was spot on when he says that populism amounts to little more than “a willingness by politicians to say what they think the public wants to hear.”
That’s why President-elect Donald Trump’s recent appointments reflect a mish-mash of conflicting opinions. Many conservatives were, for instance, shocked by his selection of Rep. Lori Chavez-DeRemer (R–Ore.) as Labor Secretary given that her pro-union positions aren’t different from those advocated by President Joe Biden.”

https://reason.com/2024/12/06/is-trump-aiming-to-continue-bidens-antitrust-insanity/