Drudge Retort: The Other Side of the News

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Thursday, March 13, 2025

In what may be a sign of the times, and not an especially healthy one, my readers and friends recently have been filling my email inbox with questions about whether Donald Trump and White House insiders have been manipulating the stock market with his vacillating announcements about tariffs and the economy. Speculation along those lines broke into the open Tuesday when Fox News reporter Peter Doocy referred to the overall slide in the stock market since President Trump's inauguration and asked White House spokeswoman Karoline Leavitt, "You're sure nobody here at the White House shorted the Dow?" read more


Wednesday, March 12, 2025

After Trump put tariffs on longtime friends and important allies, Canada and the EU duties have retaliated with there own tariffs which are aimed at Republican-held states. read more


On Tuesday morning's edition of CNBC's Squawk on the Street, Cramer told co-host Carl Quintanilla that if there's a recession, it will be because Trump manufactured it, and slammed Trump's handling of trade with ostensible allies. He went on to say Trump is "playing with fire," and accused him of "arson." read more


Saturday, March 08, 2025

California Gov. Gavin Newsom, a pioneer for LGBTQ+ rights who decades ago upset leaders in his own party when he defied state law and issued marriage licenses to same-sex couples, suggested Democrats were in the wrong in allowing transgender athletes to participate in female college and youth sports. "I think it's an issue of fairness, I completely agree with you on that. It is an issue of fairness " it's deeply unfair," Newsom said in his debut podcast episode of "This is Gavin Newsom." "I am not wrestling with the fairness issue. I totally agree with you." read more


Thursday, March 06, 2025

It turns out that abandoning allies and tossing out security guarantees is bad for business. While U.S. defense stocks are slumping, European defense stocks are rising quickly because the markets have concluded that those governments will be spending lots more on defense. And every government around the world knows what happened to Zelensky last week in the Oval Office. The conclusion that many leaders will draw from the altercation that Trump and Vance had with Zelensky is that U.S. security guarantees-a key reason why countries tend to buy U.S. weapons- are not going to be a convincing argument anymore. Since Trump's inauguration, shares in the six biggest U.S. defense companies have fallen by an average of 4 percent. Meanwhile, shares of Europe's largest defense groups - including Germany's Rheinmetall - "have surged" by almost 40 percent in the same period. read more


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