Writing for Business Insider, Rep Raúl Grijalva (D-AZ) revealed that fellow Arizona House member Paul Gosar (R) is paying a political price in the House over his defense of the Capitol 6th insurrectionists that could impact him with voters back home.
As the Democrat from Arizona recalled, "Rep. Gosar had challenged the certification of Arizona's electoral votes during a joint session of Congress, receiving a standing ovation of nearly 30 seconds from his House and Senate Republican colleagues for his efforts. That morning, he led a crowd of Trump supporters in chants of 'Stop the steal' at the now-infamous rally near the Capitol, and tweeted a demand that Biden concede the race, concluding ominously, 'Don't make me come over there.'"
Gosar's words and actions have come back to haunt him when he attempted to attach his name to a bill that will help his constituents and would have been a bragging point when he runs for re-election in 2022.
Writing, "... like all extremists, he should be prepared to accept the consequences of his actions, and now that his colleagues are starting to impose those consequences, he is deflecting and making excuses rather than confronting them honestly," the Democrat said Gosar has already received a taste of how he will be dealt with in the Democratic-majority House.
"This came to a head on May 24, when a panel of the Natural Resources Committee, which I chair, held a hearing on a politically uncontroversial bill called the Public Lands Renewable Energy Development Act. As the name suggests, the bill - sponsored by Democratic Rep. Mike Levin - creates incentives and eliminates barriers to develop clean energy projects on certain federally managed lands. It has been a popular and bipartisan piece of legislation for years," Grijalva wrote. "Rep. Gosar knows the bill would benefit his own constituents tremendously, and he had been its leading Republican cosponsor in previous sessions of Congress. Unfortunately, his name carries negative weight among his Democratic colleagues, and having him play a leadership role in this Congress would hurt the bill's chances of passage. As a result, Rep. Levin informed Rep. Gosar in mid-May that he could not serve as lead cosponsor of the bill this year and made it clear that this was a consequence of his role in the insurrection."
The Democratic lawmaker wrote that an unhappy Gosar created his own bill, issued a press release about it, and then watched it be summarily dismissed with mention by the panel.
Grijalva then used what happened to Gosar to serve as a warning to other Republicans who are trying to whitewash the Jan 6th riot, writing, "
"It's time for him - and his like-minded colleagues who are similarly avoiding responsibility - to start telling the truth, not least of all to themselves. Their actions are unpopular, and with Democrats in the majority in Congress, there will continue to be consequences<" he advised.
You can read more here.
Business guru Donald Trump's financial mismanagement cost him $40 million dollars on his overseas golf courses: report
According to a report from Insider, Donald Trump's bumbling mismanagement on the financing of his Scottish golf courses likely cost the former president $40 million due to how he took out his loans.
While there have already been reports that the Trump's golf resort properties have been money-losers for the Trump family, the new report states that he is taking an all-together different financial hit.
Insider reports that Trump properties Turnberry near Glasgow and Trump Golf Links International in Aberdeenshire are "dependent on loans from Trump and US-owned entities to stay afloat," and that some of those loans are problematic due to currency fluctuations.
"Turnberry's parent company Golf Recreation Scotland owes Trump, through various US-registered entities, a total of £113,425,000 (around $160,000,000), according to UK Companies House accounts filed in December." the report states. "Trump International Golf Club Scotland Limited, which owns his Aberdeenshire course, owes Trump £44,400,049, also issued in the form of interest-free loans, according to Companies House accounts."
"The problem is that Trump appears to have created those loans in British pound sterling — as evidenced by the fact they are all displayed as sterling loans on Companies House," Insider's Thomas Colson reported, adding, "Unfortunately for Trump, the British pound has declined significantly in value against the dollar in the period since Trump started issuing loans to his golf courses."
Due to the decline in value of the British pound, Trump's loans, when repaid, " ...to Trump in his native dollar currency, they are going to be worth considerably less than when he issued them."
According to Stephen Clapham, an investment analyst and founder of financial website Behind the Balance Sheet, Trump has been taking a major hit dating back to last year.
"The pound was worth $1.27 made those calculations, and it has since risen to $1.42 (as of June 9), meaning some of those losses will have been mitigated — but the current figure would still represent a loss amounting to tens of millions of dollars," the report continues. "Those losses, said Clapham, appear to have been the result of Trump's failure to 'hedge' the loans he created. In simple terms, hedging is a common business practice that offsets the risk of price movements like a drop in the value of a currency by fixing the repayment rate for a loan when it is created."
According to Clapham, "The most likely explanation is that Trump has made this loan and incurred a significant loss. It's the simplest explanation and probably the most likely."
The report notes that questions about the loans were not answered by Trump Org officials.
You can read more here.
According to a report from Politico, European leaders -- and their aides -- who are meeting with President Joe Biden at the G-7 conference in England are expressing open relief and joy that Donald Trump has been replaced but are also concerned that Trump may return one day due to the volatility of U.S. politics.
As Politico's Anita Kumar wrote, "Biden's predecessor spent four years disparaging world leaders — in public and on Twitter— accusing their countries of freeloading off the United States. He pulled out of international agreements, refused to sign others and scoffed at the trans-Atlantic alliances that served as a bedrock of U.S. foreign policy in the post-WWII era," before adding, "So many leaders at the latest G-7 meeting, including those from Germany, France and Canada, seemed simply eager to move past Trump this week; so much so that they greeted Biden like an old friend even when he wasn't."
Case in point, upon her arrival on Friday, German Chancellor Angela Merkel took a not-too-subtle jab at Trump, telling reporters, "Being able to meet Joe Biden is obviously important because he stands for the commitment to multilateralism, which we were missing in recent years."
With British Prime Minister Boris Johnson, considered to closer to Trump than the other, calling Biden "a breath of fresh air," one U.S. diplomat explained that the sense of relief is palpable.
"There's no way of describing our friends' relief at the change of administration. And not just because it isn't Donald Trump anymore," admitted Stephen Sestanovich, a former National Security Council advisor. "It's that the alliance has a backlog of real problems to address. The Biden administration wants to talk about how to develop cooperative responses to them in a way that the Trump administration couldn't ever be serious about."
However, there is some unease among European leaders about political instability in the U.S. where attempts are being made to not only overturn the 2020 presidential election but also create doubt about future elections.
Explaining the underlying worries, Alexander Vershbow, former deputy secretary of NATO remarked, "The allies do have lingering doubts about the forces that produced Trump's election in 2016 and are wondering whether those forces are gone for good, or that possibility that the US could shift back to a more contentious, more transactional approach to NATO in 2022, or 20 2024. I think this concern is real that, you know, the Trumpian trend tendencies in the U.S. could return full bore. And in the midterms, or in the next presidential election."
You can read more here.
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