Comment on Britain's Inflationary Debt Spiral

Politico: “Trump’s complicated web of political committees spent roughly $217 million through March, with that spending split roughly equally between fundraising expenses, legal bills and actual campaigning.” “But the same network of groups brought in a bit shy of $220 million in new contributions. Trump is hardly broke — he had $45 million in his campaign account at the end of March — but the high expense rate significantly limited his ability to build up cash.” “Biden had nearly double the cash on hand of Trump in their respective campaign accounts.

“Donald Trump will face one of the most consequential decisions of the year—if not his career—when he chooses whether to testify in his own criminal trial in New York,” the Wall Street Journal reports. “Politically, taking the stand might offer Trump the chance to project strength and defiance in the face of a prosecution he has decried as illegitimate.

Wall Street Journal: “The problem for both Trump and Biden: It isn’t exactly clear who Kennedy hurts more, largely because of his eclectic mix of supporters. Most polls of swing states and national surveys show Kennedy pulls slightly more support from Trump, but here in Arizona, a recent Wall Street Journal poll found he snapped up voters equally from both candidates.” “Trump led Biden 39% to 34% in the Journal’s recent Arizona poll with Kennedy and other third-party candidates included.

“President Biden drew a parallel on Friday between Donald Trump ‘and his MAGA Republican allies’ and segregationists in the 1950s who tried to prevent Black and white Americans from going to school together,” Time reports. “Biden said the same animus that drove segregationists to try to block those students from attending high school with white students is now emerging in ‘other insidious forms’ such as the efforts to gut affirmative action in college admissions and strip away corporate initiatives trying to bring more people of color into workplaces.” Said Biden: “The Little Rock Nine were met with vitriol and violence.

Rudy Giuliani was finally served as the final defendant in the Arizona fake elector case after he made a taunting post on social media, Fox Phoenix reports. Axios notes he was served the same day as his 80th birthday party.

New York Times: “In separate but overlapping efforts, former President Donald J. Trump and President Biden have sought to revive and protect American factories by making it more expensive to buy Chinese goods. They have taxed imports in legacy industries that were hollowed out over the last quarter-century, like clothes and appliances, and newer ones that are struggling to grow amid global competition with China, like solar panels.” “Mr.