BREAKING: Inflation at 40-year-high, Aid package for Ukraine, Dorsey’s regret, and more….
By Team DML
Today is May 11 and I am Dennis Michael Lynch. Below are my opinions on the stories grabbing headlines this morning. I hope you share this briefing as doing so will make you the smartest person in the room, in my opinion.
1 – House passes $40 billion Ukrainian aid package
Fox News reports: The House of Representatives has passed a nearly $40 billion bill that will aid Ukraine in its war with Russia.
The bill, which includes military, economic and humanitarian assistance to Ukraine, cleared the chamber 368 to 57. No Democrats opposed the bill.
The sum comes just over the $33 billion President Biden initially requested from the chamber. The bill now heads to the Senate where it has bipartisan support.
On Wednesday morning, Ukraine President Volodymyr Zelenskyy took to Twitter to credit Pelosi for the bill’s passage.
DML: Trump didn’t ask for near that much for the border wall. Nancy, why don’t you want to protect Americans too?
2 – BREAKING: Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
CNBC reports: Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain.
Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain.
Inflation has been the single biggest threat to a recovery that began early in the pandemic and saw the economy in 2021 stage its biggest single-year growth level since 1984. Rising prices at the pump and in grocery stores have been one problem, but inflation has spread beyond those two areas into housing, auto sales and a host of other areas.
DML: If Republicans can’t win in a landslide nationwide after this, we’ve got even worse problems!
3 – Democratic support for SCOTUS expansion grows after leak
The Hill reports: Support for a bill to expand the Supreme Court has ticked up among House Democrats in the aftermath of a leaked opinion that would overturn Roe v. Wade becoming public.
Since the leak, the Judiciary Act of 2021 has picked up support from five more Democrats. The one-sentence bill would expand the Supreme Court from nine members to 13.
In the last week, Democratic Reps. Brendan Boyle (Pa.), Nanette Diaz Barragán (Calif.), David Cicilline (R.I.), Jimmy Gomez (Calif.), and Mark DeSaulnier (Calif.) have added their names to the legislation, bringing the total number of bill sponsors to at least 56.
Democratic Reps. Hank Johnson (Ga.), Jerry Nadler (N.Y.) and Mondaire Jones (N.Y.) introduced the bill in April 2021. The pace of new sponsorships significantly slowed by the end of the year, but saw a burst of interest following last week’s leaked draft opinion in Dobbs v. Jackson Women’s Health that would overturn the landmark 1973 abortion rights decision.
Rep. Adam Schiff (D-Calif.) has also announced support for expanding the Supreme Court in recent days.
DML: Democrats are trying to demolish everything that makes our country the greatest nation on earth.
4 – Twitter founder Jack Dorsey now admits he was wrong to ban Trump, says it was a bad ‘business decision’ and AGREES with Elon Musk that the ex-President’s account should be reinstated
The Daily Mail reports: Twitter co-founder Jack Dorsey has said he agrees with Elon Musk’s decision to reverse a ban on Donald Trump on the platform – despite Dorsey being CEO when the decision was made.
Musk, who is in the process of completing his $44 billion acquisition of Twitter, on Tuesday revealed he intended to revoke the ban, calling it ‘a morally bad decision and foolish in the extreme’.
Trump was banned from Twitter in January 2021, in response to his supporters storming the US Capitol and attempting to block the certification of Joe Biden’s election victory.
Speaking at a London conference on the future of cars, Musk said: ‘I do think it was not correct to ban Donald Trump.’
The Tesla founder said Dorsey, who was CEO until November 2021, agreed with him.
‘I do agree,’ Dorsey tweeted, pointing out that he supported bans for sharing content such as child sexual exploitation (CSE), but not generally.
DML: Twitter’s decisions to block the Hunter Biden story, then ban Trump, literally altered America’s course, and Dorsey was at the helm when it all happened.
5 – Trump-Backed Candidate Loses Big In Key Primary, Tarnishing Trump’s Endorsement Record
The Daily Caller reports: Businessman Jim Pillen won the Republican nomination for Nebraska’s gubernatorial race Tuesday, defeating a scandal-plagued Trump-endorsed candidate.
Several election forecasters projected that Pillen, who currently serves as a University of Nebraska Regent, had won the three-way primary against Republican state Sen. Brett Lindstrom and Trump-backed Charles Herbster. As of late Tuesday it appeared Herbster could finish a distant second in the race.
Herbster’s loss marks a shift in former President Donald Trump’s endorsement success rate after all 22 of his endorsements swept the Ohio and Indiana primaries on May 3. Trump had endorsed Herbster in October 2021 and reaffirmed his commitment to the candidate in May, despite accusations from eight women that Herbster groped and kissed them without their consent, according to a Nebraska Examiner report.
DML: This wasn’t the best endorsement. But Trump is presently 58-1 on endorsed candidate wins. That’s not too shabby!