 |
| Literally anyone and everyone who thinks tax and spend reduces inflation |
I try to imagine how exactly these people plot these sorts of deals. So they know that they want to "raise taxes" and "spend money". This is what they do so that they can pretend that they are "governing" and "delivering" for their voters. They believe that a new bill will give them something to "run on" at a time when they literally have nothing to run on.
However, they also know (or should know) that Econ 101 tells us raisting taxes on corporations or those who run them raises the cost of goods and services (which is the definition of inflation). They should also understand that Government spending further dilutes the value of the dollar, leading to more inflation. Tax and spend has never once in the history of our economy (or any economy) been a means to bring inflation under control.
So what do they decide to call this particular bill? The inflation reduction act? There is no real explanation as to how or why this will reduce inflation (that can only be done at the Federal Level). Nothing about this bill will come into play before the midterms. They will be able to show no tangible results.
Might as well call it the tax reduction and less spending bill. Or perhaps the unanimous passage through both houses bill. Or any number of things that are the complete opposite of what the bill actually is. What it is, is more taxes and more spending. It will prompt more inflation. There is no way around that. While it is less than the 1.9 Trillion Democrats wanted, it is still 300-400 750 billion that will not help anything but inflation.
80 comments:
Bidenomics is working 💪
The S&P 500 rose Friday on the back of strong earnings from Big Tech names Apple and Amazon to cap off its biggest monthly gain in nearly two years.
The broad market index climbed 0.9%, while the Nasdaq Composite added 1%.The Dow Jones Industrial Average advanced 155 points, or 0.5%.
Most economics people think that you are wrong.
The worst Recession since 1929 happened after George W Bush cut taxes.
President Obama passed Obamacare and had the longest economic recovery in history 👏
economics people
Is that an economist dumbass?
Milk cattle rancher
The bill, if enacted, would break new ground on other problematic areas of the climate crisis. It sets the first methane fee that penalizes fossil fuel companies for excess emissions of the especially powerful climate pollutant. Another substantial part of the funding helps disadvantaged communities with monitoring and cleaning up pollution, and build their resilience to climate impacts.
Beyond cutting climate pollution, the clean energy investments could also make a dent in inflation. According to Robbie Orvis, senior director at Energy Innovatioen, rising energy prices have driven roughly a third of the 9 percent rise in the overall Consumer Price Index this past year. By helping Americans become less reliant on fossil fuels, the spending helps ease the global oil crunch and cut consumer bills.
Unmentioned is the number of construction companies will need trained construction workers. The major unions have apprentice training for three to four years before they make journeyman wages for middle class families.
IRONY, STUPIDITY, OR BOTH
--OR POSSIBLY NEITHER?
CLAIM:
Manchin-Schumer Deal Would Not Boost Inflation
July 29, 2022 at 12:17 pm EDT By Taegan Goddard 21 Comments
The Penn Wharton Budget Model finds the budget reconciliation package being considered by Senate Democrats “would reduce non-interest cumulative deficits by $248 billion” and “the impact on inflation is statistically indistinguishable from zero.”
Stock holders will not pay any amount unless they make more than $400,000 per year.
TaxesSets a new corporate minimum tax of 15 percent: Although corporations technically have a tax rate of 21 percent, many use loopholes to pay much less. This bill sets a hard 15 percent corporate minimum tax rate for companies that are bringing in more than $1 billion in profits each year, and is estimated to raise $313 billion in revenue as a result.IRS enforcement: The US loses an estimated $1 trillion a year due to fraudulent tax returns and dubious accounting. The legislation would invest millions into the IRS to help the agency track down these funds; that money, along with other spending on the agency, is expected to bring in $124 billion.Closes the carried interest tax loophole: The carried interest loophole enables money managers, like hedge fund managers, to pay a lower tax rate (20 percent) on compensation they get from overseeing and investing clients’ funds. This bill would close that loophole and require managers to pay a tax rate of up to 37 percent — the top rate for standard wages — on that compensation. If implemented, it could bring in $14 billion in revenue
Exxon profits soar along with the cost of crude
Exxon Mobil was swimming in profits the last few months, reporting Friday that it brought in a record $17.85 in net income during the second quarter, a period in which Americans struggled with painfully high prices at the pump.
Improvement or Illusion for Democrats?
July 29, 2022 at 12:00 pm EDT By Taegan Goddard 35 Comments
Amy Walter:
“The explanation for this seeming disconnect between the president’s weak approval ratings and stronger showings for Democratic House and Senate candidates seem to be driven by a few factors:
a post-Dobbs energizing of the Democratic base,
weak and/or flawed GOP senate candidates,
and the January 6th hearings.
"In other words, the media focus has increasingly been centered on issues that are harmful for the GOP.
“Yet, there’s nothing new about a late summer ‘reassessment’ of midterm assumptions.
In fact, like clockwork, the out-party right about now starts to fret that their advantage is slipping,
while the in-party sees green shoots springing from a barren landscape.”
_________
SING ALONG WITH ME:
"Green shoots keep springin,'
just keep on a-springin'
green shoots keep springin'" etc., etc.
I dare you to read this article
https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates
You already censored the link
Summary: PWBM estimates that the Inflation Reduction Act would reduce non-interest cumulative deficits by $248 billion over the budget window with no impact on GDP in 2031. The impact on inflation is statistically indistinguishable from zero. An illustrative scenario is also presented where Affordable Care Act subsidies are made permanent. Under this illustrative alternative, the 10-year deficit reduction estimate falls to $89 billion.
Key Points
PWBM estimates that the Inflation Reduction Act, as written, would reduce cumulative deficits by $248 billion over the budget window.
The Act would very slightly increase inflation until 2024 and decrease inflation thereafter. These point estimates are statistically indistinguishable from zero, thereby indicating low confidence that the legislation will have any impact on inflation.
We project no impact on GDP by 2031 and an increase in GDP of 0.2 percent by 2050. These estimates include the impact of debt and carbon reduction as well as capital and labor supply distortions from rising tax rates.
As written, the Inflation Reduction Act contains a sunset for the Affordable Care Act (ACA) subsidies provision at the end of 2025. Under an illustrative scenario where that provision was extended indefinitely, the 10-year deficit reduction estimate falls to $89 billion. The impact on GDP remains zero through 2040.
I dare you to read this article about your post 📫
https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates
Key Points
PWBM estimates that the Inflation Reduction Act, as written, would reduce cumulative deficits by $248 billion over the budget window.
The Act would very slightly increase inflation until 2024 and decrease inflation thereafter.
These point estimates are statistically indistinguishable from zero, thereby indicating low confidence that the legislation will have any impact on inflation.
We project no impact on GDP by 2031 and an increase in GDP of 0.2 percent by 2050. These estimates include the impact of debt and carbon reduction as well as capital and labor supply distortions from rising tax rates.
As written, the Inflation Reduction Act contains a sunset for the Affordable Care Act (ACA) subsidies provision at the end of 2025. Under an illustrative scenario where that provision was extended indefinitely, the 10-year deficit reduction estimate falls to $89 billion.
This is the key
The impact on GDP remains zero through 2040.
Zero impact means Zero inflation pressure
https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates
He will not read this article
Cali
If they were money experts from Rapid city they called them economics people. I think those economics people probably agree with Roger (as will Paul Krugman). Keep in mind, in Rapid City Roger is a genius.
But real economists understand the basics of tax and spend!
It is literally Econ 101. But again. College. Economics people from South Dakota were cattle ranch farmers who understood how to balance a checkbook. Like Roger, they didn't go to college much.
The Act would very slightly increase inflation until 2024
Well then according to liberal logic... that is an inflation reduction act! Since their other bills would have increased it much worse! This one only increases it a little! Net gain, huh?
You left out the part of it that prove you wrong.
The Act would very slightly increase inflation until 2024 and decrease inflation thereafter.
Decrease inflation rate for decades because the GDP will not grow and cause inflation
The lack of a college degree doesn't matter on most subjects.
Even the liberals are happy 😊
Congressional Progressive Caucus chair Pramila Jayapal (D-WA) on Thursday praised the deal Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV) reached on a reconciliation bill that modestly addresses climate investments and lowers prescription drug prices as a “major step forward.”
Scott lowering prescription drug prices is reverse inflation.
The economy is creating jobs.
The economy is on the cusp of recouping the payrolls it lost at the start of the pandemic. Should the average pace of job creation hold steady, the US will surpass its pre-crisis payroll count in August, just 30 months after the start of the coronavirus crash. By comparison, it took 76 months to achieve the same feat after the 2008 financial crisis and 48 months to do so after the 2001 recession. Both were under Republican President's
A recession would almost surely feature a sizeable uptick in layoffs, but the latest data shows no such bounce.
Scott, PWBM estimates that the Inflation Reduction Act, as written, would reduce cumulative deficits by $248 billion over the budget window.
Do you still believe that crazy woman you used before about the PWBM?
They do believe it
Spending does not increase the National Debt🤣
Who are you going lower prescriptions for?
"Economics People"
Mocking The college expelled Roger is easy just quote him.
Like this nonsense
"The Act would very slightly increase inflation until 2024"
So, we have to increase Inflation, to reduce it.
"Economics People"
Shit his bed
"Decrease inflation rate for decades because the GDP will not grow and cause inflation"
Omg, Roger displayed in concrete terms he knows nothing
So, we have to increase Inflation, to reduce it.
Nah...
They know inflation will not get any better for a while... then once we have different leadership it will go down and Democrats will come back around and claim it was because of this bill!
This is all the same mentality people with excessive debt suffer from. After a certain point in time the debt seems so overwhelming that adding a "little more" doesn't seem like that big of a deal.
But it is always much harder to charge something on a credit card that has no balance (knowing you will be adding a payment) than to just toss that same charge on a card that has a balance. Sometimes the larger the balance the easier it is to throw more on.
They use the same logic... the difference is so small that it is insignificant. Problem is that it never stops at just one more purchase.
lastly... when was the last time any of these bills were analysed correctly anyways? They always look better than they are, because they are written to do so.
Remember when you woried about the deficit????
the 10-year deficit reduction estimate falls to $89 billion lower deficit
So, we have to increase Inflation, to reduce it.
Reminiscent of, “We had to destroy the village in order to save it”.
or...
we need to pass the bill to know what is in it!
Ahem... why is it that only people like Roger and Reverend fall for this stuff?
Biden Still Leads Trump In Possible 2024 Matchup
July 29, 2022 at 1:49 pm EDT By Taegan Goddard 30 Comments
A new USA Today/Suffolk University poll finds — once again — that most Americans don’t want President Biden or Donald Trump to run for president in 2024, although Biden leads 45% to 41% in a possible matchup.
Exactly Cali.
Roger, believes. Truly believes the National Debt is going down.
The Deficit is still adding to the National Debt.
Exactly somehow they believe Biden can waive a magic wand and gets drug costs lower on medicare than Kaiser already has and Kaiser is in contractual agreement for those prices.
For god’s sake Aetna is owned by CVfuckingS
Humana, UHC, Anthem this pharmacy benefit managers (PBM) don’t know anything
Scott
"why is it that only people like Roger and Reverend fall for this stuff?"
Answer : They let other think for them.
The BIDEN RECESSION racks up another impressive win.
Real disposable income June Down sharply -0.3% Biden's Bottom-Up Economics. More poor Americans
Forced to live on less.
Crooks,,,???
The Jan. 6, 2021, text messages of two Department of Homeland Security leaders during Donald Trump’s final days as president are missing, The Washington Post reported, citing four unnamed sources and email records.
The government phones of Chad Wolf, former acting DHS secretary, and Ken Cuccinelli, an acting deputy secretary, reportedly were “reset” when they left the government in January 2021, wiping their texts.
Bidenomics Recession scores another win.
"Half, or 50.40 percent, agree that the U.S. is in an economic recession, compared to 18.30 percent who believe the economy is in a state of stagnation. Another 15.90 percent believe the U.S. is experiencing a depression"
NY Times Square Billboard
READ MY LIPS: NO NEW RECESSION”
I hope they are wrong.
That brings us to the stagflation risk. Here's a possible tell-tale sign: Core PCE rose 1.3% last quarter, or a 5.2% annualized pace.
Meanwhile, final domestic private-sector sales — a good measure of underlying economic growth — came in at 0% in the April-June quarter.
What they're saying: "The rest of the economy might be slowing down, but wages are speeding up," Indeed economist Nick Bunker says.
"Competition for workers remains fierce as employers have to keep bidding up wages for new hires," he added. "These red-hot wage growth statistics may fade in the near term, but there's a long way for them to drop."
The bottom line: For all the recession discussion over the last week, the mix of flatlining growth and spiking prices goes a long way toward explaining why Americans are unhappy with the way things are going.
But they explained it
Axios cuts jobs as they downsize for the recession.
🤣Why it matters🤣
Real Income Dropped .
Bidenomics scoring win after win.
President Joe Biden has signed off on construction of a portion of the United States border wall near Yuma, Arizona.The building plan includes filling at least four major gaps in the wall at the Arizona-Mexico border where illegal immigrants continuously cross.Despite Biden’s 2020 campaign mantra that included “Not another foot” of the border wall, the administration has acquiesced to the need for more protection.Although it was originally intended for the Defense Department to pay for the project, it will now be funded through the Homeland Security budget for 2021.Biden’s decision came after Sen. Mark Kelly (D-AZ) called out the president over the border wall, joining Republicans in their call to action.
"There will not be another foot of wall constructed on my administration, No. 1," he told NPR's Lulu Garcia-Navarro during an interview with journalists from the National Association of Black Journalists and National Association of Hispanic Journalists.
"I'm going to make sure that we have border protection, but it's going to be based on making sure that we use high-tech capacity to deal with it. And at the ports of entry — that's where all the bad stuff is happening," the former vice president said during the virtual interview on Tuesday.
President Joe Failure is grasping at straws in an attempt to stop the sinking of his failed Presidency.
Do you want to know why the republicans didn't impeach Trump?
Because they believe in carrying a baby to full term.
"Look, the border is secure," he said. "We are working to make the border more secure. That has been a historic challenge."
President Trump gave Biden a secure Border.
Roger, Cali asked you this.
Caliphate4vrJuly 29, 2022 at 1:04 PM
Who are you going lower prescriptions for?
President Trump gave Biden Energy independence.
Joe Failure fucked that up on Day #1.
Oh and this Bitch can go 🖕 herself.
"District of Columbia Mayor Muriel Bowser is being criticized as a "Not-in-my-backyard" hypocrite for complaining about the influx of illegals bussed there by Texas and Florida GovernorS"
What you don't get is that there are some good people on both sides but some people are not good people like Trump 💯.
McConnell is dissenting from Trump.
But you can't even change your mind Scott
Roger, Cali asked you this.
Caliphate4vrJuly 29, 2022 at 1:04 PM
Who are you going lower prescriptions for?
Roger's Answer = ..
China 🇨🇳 is punking Joe and Pelosi.
Funny shit.
Hey.....don't you have a goat to fuck KD?????? GOP votes down aid for vets led by Toomey......sad you fucks have no care for the guys who protect your sorry white asses!!!!!! I see why Stewart is throwing a shit fit as cruz and a couple others fist bump after voting no!!!!!!!
Hi Dennis.
Hope you are doing as well as you can expect.
Bidenomics has failed Americans.
That is clear.
Why?
As much as the US Media supports and defends Bidenomics and his no recession, recession.
66 % of Americans remain clear , we are in The Biden Recession.
How nice of Dennis to stop by just to look so completely Dopie.
Go Fuck your goat and share a shot with your ugly old wife!!!!!!!! BWAAAAAAAAAAAAAA!!!
‘Ludicrous’ Deletion of Texts Baffles Experts
July 29, 2022 at 5:21 pm EDT By Taegan Goddard Leave a Comment
“Cybersecurity experts and former government leaders are stunned by how poorly the Secret Service and the Department of Homeland Security handled the preservation of officials’ text messages and other data from around Jan. 6, 2021, saying the top agencies entrusted with fighting cybercrime should never have bungled the simple task of backing up agents’ phones,”
the Washington Post reports.
“Experts are divided over whether the disappearance of phone data from around the time of the insurrection is
a sign of incompetence,
an intentional coverup,
or some murkier middle ground.
"But the failure has raised suspicions about the disposition of records that could provide intimate details about what happened on that chaotic day,
and whose preservation was mandated by federal law.”
Esquire:
Hey, that’s weird.
The texts for Trump’s top DHS officials are also gone.
ALSO WEIRD:
Watchdog Knew of Missing Texts Months Earlier
July 29, 2022 at 4:35 pm EDT By Taegan Goddard 51 Comments
“The embattled inspector general for the Department of Homeland Security first learned of missing Secret Service text messages in May 2021 – months earlier than previously known and more than a year before he alerted the House select committee investigating January 6, 2021, that potentially crucial information may have been erased,” CNN reports.
Dr. Fauci and Dr. Brix knew and they lied.
The follow the science people did not follow the science.
"I knew these vaccines were not going to protect against infection and I think we overplayed the vaccines,” Birx told the Fox News Channel’s Neil Cavuto
So good to see the live in fear Geriatric Socialist Stooges of CHT bought the fake science and must feel really stupid.
Donald Trump came into office in 2017 already possessing many of the instincts and inclinations of a mob boss—and he left office having learned a basic mob boss’s lesson, after a handful of individuals more loyal to the country than to him hindered his willful rule. Now, as Trump and his acolytes plot a return to power, they intend to make sure that if he’s re-elected, he won’t have to put up with anything less than total loyalty.
In a speech this week to the America First Policy Institute, a new pro-Trump group in Washington, the former president outlined his vision for his second administration. As David Frum recounted in the Atlantic:
Trump sketched out a vision . . . [involving] sweeping new emergency powers for the next Republican president. The president would be empowered to disregard state jurisdiction over criminal law. The president would be allowed to push aside a
Schedule F would effectively eradicate a century and a half of civil service reforms. After President James Garfield was shot to death in 1881 by a disgruntled assassin who believed he was owed a patronage job, national outrage overcame decades of resistance to civil service reform from machine politicians and party hacks. Fifteen months later, the Pendleton Act became law, putting an end to the notion that “to the victors go the spoils.”
With Trump’s reissuance of the Schedule F executive order, our national government would start to resemble Tammany Hall—a corrupt political machine. Mike Lindell might end up determining how federal health and safety regulations apply to the pillow business.
The consequences of this assault would be nothing less than the dismantling of orderly governmental procedures that, in the end, protect everyone’s freedom by curbing arbitrary and corrupt power. As historian Heather Cox Richardson wrote this week, “Authoritarian figures expect loyalty to themselves alone, rather than to a nonpartisan government.”
Of course, the danger is not confined to Trump. As Jonathan V. Last has emphasized, Ron DeSantis and every other potential GOP candidate should be asked their position on Schedule F and related issues. But Trump, still the leading contender for the GOP nomination, has shown he is ready and eager to use Schedule F. As his former deputy director of the White House Office of Presidential Personnel, Andrew R. Kloster, put it: “The first thing you need to hire for is loyalty. . . . [Y]ou can learn policy. You can’t learn loyalty.”
Any mob boss would agree.
WASHINGTON (AP) — The House passed legislation Friday to revive a ban on semi-automatic guns, the first vote of its kind in years and a direct response to the firearms often used in the crush of mass shootings ripping through communities nationwide.
Once banned in the U.S., the high-powered firearms are now widely blamed as the weapon of choice among young men responsible for many of the most devastating mass shootings. But Congress allowed the restrictions first put in place in 1994 on the manufacture and sales of the weapons to expire a decade later, unable to muster the political support to counter the powerful gun lobby and reinstate the weapons ban.
Speaker Nancy Pelosi pushed the vote toward passage in the Democratic-run House, saying the earlier ban “saved lives.”
The House legislation is shunned by Republicans, who dismissed it as an election-year strategy by Democrats. Almost all Republicans voted against the bill, which passed 217-213. It will likely stall in the 50-50 Senate.
The bill comes at a time of intensifying concerns about gun violence and shootings — the supermarket shooting in Buffalo, N.Y.; massacre of school children in Uvalde, Texas; and the July Fourth shootings of revelers in Highland Park, Ill
The Republicans will not vote for it.
Trump left a swamp
This discovery of missing records for the senior-most homeland security officials [acting Secretary Chad Wolf and acting deputy secretary Ken Cuccinelli], which has not been previously reported, increases the volume of potential evidence that has vanished regarding the time around the Capitol attack. It comes as both congressional and criminal investigators at the Department of Justice seek to piece together an effort by the president and his allies to overturn the results of the election, which culminated in a pro-Trump rally that became a violent riot in the halls of Congress.
What appears to have been an almost maniacal frenzy of ass-covering in the final days of the previous administration—one that’s extended, largely underground, well into the current one—has opened a brand new universe of investigation for all concerned.
The office of Inspector General Joseph V. Cuffari did not press the department leadership at that time to explain why they did not preserve these records, nor seek ways to recover the lost data, according to the four people briefed on the watchdog’s actions. Cuffari also failed to alert Congress to the potential destruction of government records. The revelation comes on the heels of the discovery that text messages of Secret Service agents — critical firsthand witnesses to the events leading up to Jan. 6 — were deleted more than a year ago and may never be recovered […] In a nearly identical scenario to that of the DHS leaders’ texts, the Secret Service alerted Cuffari’s office seven months ago, in December 2021, that the agency had deleted thousands of agents’ and employees’ text messages in an agency-wide reset of government phones. Cuffari’s office did not notify Congress until mid-July, despite multiple congressional committees’ pending requests for these records.
Sooner or later, coincidence begins to look suspiciously
The bill the House passed Friday makes it illegal for anyone to import, sell, manufacture, transfer or possess a semiautomatic assault weapon. This doesn't apply to any possession or sale of semiautomatic weapons prior to the bill's passage.
The bill also makes exceptions for any manually operated shotguns, guns that have been rendered permanently inoperable and antique firearms.
"The bill the House passed Friday makes it illegal for anyone to import, sell, manufacture, transfer or possess a semiautomatic assault weapon. This doesn't apply to any possession or sale of semiautomatic weapons prior to the bill's passage."
Roger, you support this Bill?
Poland is asking its citizens to go into the national forests and collect fire wood to keep warm this coming winter.
Yes. Because if you already owned one you can keep it yourself. Like I said before.
The bill the House passed Friday makes it illegal for anyone to import, sell, manufacture, transfer or possess a semiautomatic assault weapon. This doesn't apply to any possession or sale of semiautomatic weapons prior to the bill's passage.
I started shooting guns when I was about 10. In order to get a deer license before you were 16 you needed to take lessons from the NRA in Rapid City Junior high school.
When we went to my grandparents house near Colome South Dakota. My dad Ivan let me hunt for squirrels when I was about 10.
The bill also makes exceptions for any manually operated shotguns, guns that have been rendered permanently inoperable and antique firearms.
You don't need a high capacity semi-automatic rifle to hunt deer or antelopes or elk.. I used a 30-30 to kill my first deer.
I never killed an elk but I tried to
During deer hunting season people had rifles on racks on the back window of their pickup trucks
Recent developments warrant the appointment of a special counsel to investigate Hunter Biden, former Attorney General William Barr says.
“[I]ntervening events, especially recent reports about FBI whistleblowers and the possible reach of the investigation, warrant adding the protections of special counsel status to assure that key decisions are made independently without political ‘favor,’” Barr told The Federalist
"I knew these vaccines were not going to protect against infection and I think we overplayed the vaccines,” Birx
told the Fox News Channel’s Neil Cavuto.
Because at that time that's what Trump wanted you to do?
Fox News Is Ignoring Donald Trump
July 29, 2022 at 7:12 pm EDT By Taegan Goddard 186 Comments
“It’s been more than 100 days since Donald Trump was interviewed on Fox News,” the New York Times reports.
“The network, which is owned by Rupert Murdoch and boosted Mr. Trump’s ascension from real estate developer and reality television star to the White House, is now often bypassing him in favor of showcasing other Republicans.”
“In the former president’s view, according to two people who have spoken to him recently, Fox’s ignoring him is an affront far worse than running stories and commentary that he has complained are “too negative.” The network is effectively displacing him from his favorite spot: the center of the news cycle.”
Awww. The poor, poor ignored Donald.
She lied as did Fauci.
You three Socialist Stooges of CHT lived/live in fear of dying.
""I knew these vaccines were not going to protect against infection and I think we overplayed the vaccines,” Birx
" Yes. Because if you already owned one you can keep it yourself"
And those that want one?
The Justice Department has staffed up its team investigating the January 6, 2021, attack on the Capitol and efforts to overturn then-President Donald Trump's loss in the 2020 election, adding a federal prosecutor with experience handling high-profile cases.
In an office-wide email Thursday, US attorney Matt Graves said he had asked a top public corruption prosecutor, JP Cooney, to help with "some of the investigatory efforts" in the January 6 investigation, people familiar with the move told Insider.
The email did not elaborate on those investigative steps. But in a hastily-called meeting earlier Thursday, Cooney told colleagues that he would be working with the team that includes Thomas Windom, who has emerged as a key prosecutor as the Justice Department has increasingly scrutinized the role Trump allies played in the effort to reverse the former president's electoral defeat, according to a person familiar with the internal discussions.
Graves, who was confirmed last year as the top federal prosecutor in Washington, DC, announced the move as part of a broader reorganization within the largest US attorney's office in the country as it spearheads the hundreds of cases stemming from the Capitol siege.
The reorganization coincides with concerns about whether the Justice Department has adequate staffing for an investigation Attorney General Merrick Garland has described as the widest ranging and most significant in the law enforcement agency's history. Speaking to reporters last week, Garland said the Justice Department "would always like additional resources and would be happy to take them, but we are going to accomplish our mission here."
"People in the Justice Department are committed to this. They are working 24/7 on this," he said.
The reshuffling in the US attorney's office in Washington, DC, will reshape the role of another top prosecutor overseeing the deluge of more than 800 cases linked to the January 6 insurrection.
John Crabb, who has doubled this year as chief of the criminal division and a recently created section devoted to Capitol riot cases, is leaving the former role to focus more fully on the January 6 investigation, according to people familiar with the staff moves. In his email to staff Thursday, Graves said prosecutor Denise Cheung would step in for Crabb as acting chief of the office's criminal division.
A spokesperson for the US attorney's office, William Miller, declined to comment.
The recent reorganization of the US attorney's office in Washington represents the latest indication of how the Justice Department is accelerating its investigation into efforts to overturn the 2020 election — and closing in on Trump.
This is what will be exposed in the future hearing
18 U.S. Code § 1512 - Tampering with a witness, victim, or an informant.
And if that person were the target of Trump’s attempted call — a call warranting further DOJ investigation and potentially constituting witness tampering — keeping their identity a secret would also make sense."
https://www.msnbc.com/rachel-maddow-show/maddowblog/white-house-employee-jan-6-witness-rcna40617
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