UH-OH: There’s a Second Dossier Alleging that Russia has Compromising Materials on Trump

Republicans have been working furiously to discredit a dossier produced by Christopher Steele, a former British spy. The dossier contains information tying Donald Trump and his associates to the Russian government. Some of the material involves salacious activities placing Trump in a Moscow hotel room with Russian prostitutes.

Donald Trump Vladimir Putin

The Steele dossier has been examined thoroughly and some, but not all, of the data has been confirmed. Despite that, Republicans rant incessantly on Fox News and other right-wing media that the dossier is unverified. That is flatly untrue. Which makes their attempt to discredit it all the more difficult. And it isn’t going to get any easier now that, as the Guardian reports, another document that corroborates much of the dossier is currently in the hands of the FBI. According to the Guardian:

The FBI inquiry into alleged Russian collusion in the 2016 US presidential election has been given a second memo that independently set out some of the same allegations made in a dossier by Christopher Steele, the British former spy.

The second memo was written by Cody Shearer, a controversial political activist and former journalist who was close to the Clinton White House in the 1990s.

Unlike Steele, Shearer does not have a background in espionage, and his memo was initially viewed with scepticism, not least because he had shared it with select media organisations before the election.

However, the Guardian has been told the FBI investigation is still assessing details in the ‘Shearer memo’ and is pursuing intriguing leads.

One source with knowledge of the inquiry said the fact the FBI was still working on it suggested investigators had taken an aspect of it seriously.

It raises the possibility that parts of the Steele dossier, which has been derided by Trump’s supporters, may have been corroborated by Shearer’s research, or could still be.

There is still much to uncover with regard to this new document. And the partisan associations of its author need to be taken into consideration. But the gravity with which it has been received by the FBI is sufficient to give Trump and his Republican defenders migraines. They can’t continue to swing so wildly at Steele if his data is backed up by an independent investigation.

What’s more, the Trump brigades’ campaign to smear special counsel Robert Mueller is going to be hampered by new evidence that Trump colluded with Russia and that Vladimir Putin might have damning evidence of it. This new information will compound the allegations against Trump and could lead to serious legal jeopardy for him and others in his administration. And while the GOP will surely try to leap out in front of this news and dismiss it, Mueller is not going to be so easily distracted.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.

Stock Market Down Over 300 Points in Advance of Trump’s State of the Union Speech

For some reason Donald Trump hasn’t tweeted about the stock market this week. That’s peculiar because Trump has made it a sacrament of his presidency that the performance of the stock market is an indicator of his success. That has always been a downright stupid idea. Firstly because he has had nothing to do with it. We have been in the second longest bull market in history, and it started in 2009, at the beginning of President Obama’s first term. And despite Trump’s wild and unsupported claims that the market would have tanked if Democrats were in charge, the market actually performed better during Obama’s last year than it has during Trump’s first.

Donald Trump

But that isn’t the only reason Trump is foolish to stake his presidency on the market. Investors will notice that the Dow Industrials are down about 300 points today, and nearly 500 points this week. This may be a temporary blip, or a sign of a coming correction. But it reveals the ignorance of the President tying himself to the whims of the market. As News Corpse noted just two weeks ago:

“Trump is going to regret his shameless boasting if he continues to insist that he is the primary driver of the market’s success. And it’ll be an epic backfire that puts real teeth into Trump’s backside. It’s always dangerous to rely on stock market performance to validate the economy. There are too many factors that can shift investor sentiment. It is a fluid indicator that could reverse course tomorrow. Indeed, many stock analysts regard the market’s current position as overvalued. These analysts are predicting a “correction” that could send the markets down significantly. Furthermore, the market does not reflect the economic realities of most Americans. Other economic indicators (i.e. wages) are showing only small advances. The beneficiaries of stock gains are predominantly the usual suspects of the GOP (Greedy One Percent).”

Trump’s obsession with market performance is recorded for posterity in his Twitter feed. Just this month he has bragged about the “Record Stock Market,” the “Most explosive Stock Market rally that we’ve seen in modern times,” that “The stock market has gained an incredible 7.8 Trillion dollars,” and “another big day for jobs and the Stock Market.” And there have been dozens of similar boasts since his inauguration.

However, Trump is silent today about the stock market that has commanded so much of his attention. If he really thinks that he deserves credit when the market goes up, then shouldn’t he be accepting the blame when it goes down? Of course not. In Trump’s world only greatness and glory are recognized. He will never admit fault or apologize for whatever disaster he causes. But he will take great pains to find someone else to blame. Probably President Obama, Hillary Clinton, the “fake” news, or the Deep State. And without a scapegoat, Trump will ignore the whole thing. So don’t expect him to mention this market decline tonight during his lie-filled SOTU. He has too many other lies, and his Russia collusion, to worry about.

How Fox News Deceives and Controls Their Flock:
Fox Nation vs. Reality: The Fox News Cult of Ignorance.
Available now at Amazon.