Trump Triggers CNN’s Chris Cuomo: “Trump Is Telling NFL Owners ‘Control Your Dog'”

In an early morning interview with Fox News, Trump unloaded on the NFL protests and once again said that owners need to enact rules that prohibit players from protesting the national anthem or suffer the inevitable ratings collapse that will come if they don’t.  Asked why the owners haven’t already taken action, Trump went to say that he believes the owners are “afraid of their players.”

Here’s what Trump said:

“The NFL can not disrespect our country.  And guess what, most people agree with me. 

 

The NFL is in a box, they have to do something about it.  You know, they have rules for everything…you can’t dance in the end zone, you can’t wear the pink socks…they have rules for everything.  Why aren’t they honoring this country by enforcing a rule that’s been in existence for a long time.

 

I have so many friends that are owners.  And they’re in a box.  I think they’re afraid of their players if you want to know the truth.  And I think it’s disgraceful.  They got to be tough and they got to be smart because you look at the ratings and the ratings are going way down.

Of course, while most people would take Trump’s comments to mean that NFL owners are “afraid” of enforcing new rules because of the risk of losing players and/or triggering a player strike, something that could cost them millions of dollars, CNN’s Chris Cuomo saw it a little differently. 

In the stunning clip below, an obviously ‘triggered’ Cuomo has yet another on-air nervous break down as he tries to explain that what Trump really meant to tell NFL owners was “control your dog.”

“Well, maybe it’s even uglier than that.  It does sound a little bit like he’s saying ‘control your dog,’ ‘control your dog’ to the owners.  You know, you’re supposed to tell these guys what to do.”

 

“Now he says they’re fearful of the players.  So he’s setting up the ugliest kind of tension that he can.  And I know when you say ‘control your dog’ it has a lot of racial overtones to it.  So does this situation.  I don’t know how you can look at it and say it’s not racial.”

Forward to the 2:20 mark in the clip below for Cuomo’s wisdom (or click here):

Of course, while we’re almost certain that Chris Cuomo is right about Trump’s objections to the NFL protests only serving to prove his racist tendencies, the one question that remains unanswered, at least for now, is how all of this links back to Russian hackers…perhaps CNN will provide further enlightenment on the topic in the coming days.

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Chicago Alderman Proposes ‘Super Ticket Writers’ to Fill Budget Gap

When Mayor Rahm Emanuel asked Chicago’s aldermen for suggestions on how to close a nearly $260 million budget gap, Raymond Lopez responded with a proposal for each of the city’s 50 wards to receive a “super ticket writer”—an officer dedicated to ticketing people for quality-of-life violations.

Since the Ferguson protests pushed police misconduct onto the national political stage, some policy makers have become more sensitive to the problems of treating policing as a form of revenue raising. But evidently not Lopez.

The Justice Department’s investigation into Ferguson’s policing practices found a criminal justice system largely designed to raise revenue, leading to systematic constitutional violations. Black Lives Matter’s Campaign Zero has called for reducing police violence by ending such revenue-based policing. “Police should be working to keep people safe, not contributing to a system that profits from stopping, searching, ticketing, arresting and incarcerating people,” the Campaign Zero website explains.

As the Chicago Sun-Times points out, Chicago has laws “that cover everything from home-sharing, illegal parking and panhandling to noise violations, street peddling, failing to shovel snow from the sidewalk in front of your home and operating a business without the proper license.” Many of these laws are rarely enforced, but Lopez wants to change that.

His proposal calls for spending $4.5 million to train the 50 super ticket writers. He insists the program would pay for itself and then some, but he doesn’t actually show his work. Along with all the other problems with the plan, it seems counterproductive to solve a budget gap caused in large part by the high cost of city employees by hiring yet more city employees.

The Sun-Times reports that in recent years Chicago residents have faced more than a $1 billion in tax hikes to fund public employees’ pensions. Last year Emanuel levied a nearly 30 percent tax on water and sewer bills to raise revenue for the Municipal Employees Pension Fund; he now plans to ask City Council for a 28 percent increase in a monthly tax on phone bills, to fund the Laborers Pension fund.

“Acting on the laws we’ve created is a better way to generate revenue,” Lopez told the Sun-Times. “The last thing any of us want to do is enact more fees, more tax increases.” But if Lopez’s proposal is adopted it will more than likely be an addition to the tax hikes in the pipeline, not a replacement. In any event, residents who feel nickel-and-dimed by tax increases aren’t likely to appreciate a ticket from a cop any more.

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Can the ‘Big Six’ Keep Tax Reform From Being Deep-Sixed?: New at Reason

3D concept for scissors cutting the word TAXESThis week, the so-called “Big Six” Republican tax leaders unveiled more of their plan to reform the tax code. As usual, it’ll be light on details, but we’re told to expect a cut in the corporate income tax rate to 20 percent—as opposed to the 15 percent rate President Donald Trump has promised.

That’s unfortunate. With Republicans being the worst negotiators, this rate will only go up once Democrats and the Republicans who behave like Democrats have their say. Even though the United States has the highest corporate tax rate of all developed countries, some lawmakers still believe it’s unfair or politically impractical to give corporations tax cuts.

Never mind that a high rate and a worldwide tax system have resulted in massive and legitimate tax avoidance behaviors—such as storing overseas income abroad and transfer pricing—making the return on the corporate tax mediocre. Uncle Sam raises relatively little revenue as a share of gross domestic product from corporations, and less capital is invested at home because trillions of dollars stay abroad, writes Veronique de Rugy in her latest for Reason.

View this article.

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Inconvenient? Record Arctic Sea Ice Growth In September

According to data from The Danish Meteorological Institute, since hitting its earliest minimum extent since 1997, Arctic sea ice has been expanding at a phenomenal rate.

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As notalotofpeopleknowthat blog details, it is already greater than at the same date in 2007, 2008, 2010, 2011, 2012 and 2015.

Put another way, it is the fourth highest extent in the last ten years.

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Even more remarkably, ice growth since the start of the month is actually the greatest on record, since daily figures started to be kept in 1987.

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Experts call this phenomenon the final collapse of sea ice!

*  *  *

While we are sure this is just 'transitory', it appears the 'science' is not as 'settled' as we thought…

Source: Branco

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“Tremendous” Demand For 7Y Treasurys; Second Largest Buyside On Record

An ugly 2Y auction (with the highest yield since 2008) on Tuesday, a mediocre 5Y auction yesterday, and now a blistering 7Y auction, in which the Treasury sold $28 billion in “curve belly” notes at a high yield of 2.13%, stopping through the When Issued by a surprisingly strong 1.1bps, the highest since April.

As Stone McCarthy described the auction in one word, “Tremendous”, noting it a buyside takedown which was the second largest on record.

The internals were impressive: the bid to cover of 2.70 surged from last month’s 2.46, was solidly above the 2.55 six month average, and was the highest since April. It was also the third highest in the past 5 years. Indirect bidders couldn’t get enough, and were awarded 70.6% of the takedown, their highest allotment since April, and above the 69.3% 6MMA. Likewise, Directs waved it in, and took down 19.0%, the highest since December 2016, leaving Dealers holding only 10.4%, the second lowest award for the class on record, higher only than the 8.8% this past April. 

In short, a very strong auction, whether or not driven by China as SocGen speculated earlier, and one which not only pushed the curve lower, but also sent the USDJPY to session lows, validating one of the strongest correlations we have observed in recent months.

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Mnuchin Begins Selection Process For Trump’s New IRS-Auditor-In-Chief

In just over six weeks, IRS Commissioner John Koskinen’s term expires. This allows President Trump to choose a new IRS chief who may have two high-profile and sensitive jobs: helping implement the the president’s proposed tax cuts and overseeing an audit of his tax returns.

Trump hasn’t nominated anyone to replace Koskinen yet, but as Bloomberg reports, Koskinen, who was hired by President Barack Obama and is loathed by congressional Republicans, who tried to impeach him in 2016, is unlikely to be reappointed.

Treasury Secretary Steven Mnuchin, whose department includes the Internal Revenue Service, is said to be in the early stages of the selection process, according to two people familiar with the matter.

We would imagine this will be the next target for the left – potentially leading to demands of recusal as the slightest perception that Trump is trying to influence the agency overseeing his audit or any tax-related probes of his campaign’s ties to the Russian government would ignite a furor in Congress.

A commissioner who tried to interfere in either the Russia investigation or Trump’s audit would likely be foiled, former leaders of the agency told Bloomberg.

“The career folks at the IRS are not going to let anybody come into the organization, appointee or not, and tell them who and what they have to do in the way of examining someone,” said Lawrence Gibbs, who worked at the IRS for 17 years, including as the commissioner in the 1980s.

 

That didn’t stop former President Richard Nixon, whose attempts to manipulate tax investigations were cited by Congress in one of his articles of impeachment in 1974.

 

“The IRS pushed back when Nixon tried to exert political influence; that reinforced the probity of the IRS,” said Mark Iwry, who served as a senior adviser and deputy assistant secretary for tax policy at the Treasury during the Obama administration.

 

“IRS personnel know very well that improperly favoring or disfavoring a particular taxpayer would be absolutely wrong and contrary to IRS’s mission and decades of IRS practice and adherence to principle.”

Notably, while a permanent replacement for Koskinen must be confirmed by the Senate, by law the job can’t remain vacant.

The Internal Revenue Code requires the president to appoint an acting head of the agency.

“We are actively focused on nominating a new IRS commissioner. We will put someone in on a temporary basis if needed,” White House spokeswoman Natalie Strom said.

Coming as it does just a week after special counsel Mueller is reportedly gaining cooperation from the IRS, this will be one to grab the popcorn for as we are sure the mainstream media will find no end of conspiracy to chase.

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$7,700 Is Your Share of the Wars in Afghanistan, Iraq, and Syria So Far

WarOnTerrorDanaRothsteinDreamstimeHow much have our post-9/11 wars on terror cost? This year’s National Defense Authorization Act ordered the government to collect and calculate that information, and the results are in. The Pentagon estimates that so far the war in Afghanistan has cost $753 billion, amounting to a cumulative cost per taxpayer of $3,785. Iraq and Syria are $770 billion, or $3,955 per taxpayer. That adds up to a grand total of more than $1.5 trillion and $7,740 per taxpayer. So far.

At Defense One, Marcus Weisberger notes: “Americans paid the most for the wars in 2010, an average of $767 apiece. The annual amount declined through 2016 to $204 per taxpayer, before growing again as the U.S. ramped up its airstrike campaign against the Islamic State in Iraq and Syria.”

These figures vastly understate the ultimate monetary costs of the wars. In Reason piece last year headlined “The High Price of Security Theater,” James Bovard included the costs of Homeland Security, Transportation Security Agency harassment at airports, and FBI, CIA, and NSA surveillance to come up with a total cost of $4 trillion.

The Costs of War Project at the Watson Institute of International and Public Affairs at Brown University calculates that “through 2017, the US federal government has spent or been obligated to spend $4.8 trillion on the post-9/11 wars, including medical and disability payments to veterans over the next forty years.” The researchers at the Watson Institute further noted that the wars had generally been financed by borrowing. “Unless the US changes the way it manages that debt, future interest will exceed $8 trillion by the 2050s,” they report.

DefenseOneWarCosts

Assuming 210 million taxpayers, the Watson Institute figures suggest that, if these trends continue, that the cost of our wars in Afghanistan, Iraq, and Syria will amount to $61,000 per individual taxpayer by 2050.

President Donald Trump wants to increase the Pentagon’s budget by $54 billion. Below see Reason TV’s “3 Reasons Conservatives Should Cut Defense Spending Now”:

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California Wants to Ban All Gas-Powered Cars

Gov. Jerry Brown and Al GoreCalifornia Gov. Jerry Brown is reportedly considering a ban on all gas-powered cars.

No, seriously.

Mary Nichols, head of California’s Air Resources Board, told Bloomberg News this week that Brown has been pestering her about getting a gas-car ban on the books.

“I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?'” she said, adding that Brown is particularly worried that his planet-saving efforts might be outshined by those of other countries.

The United Kingdom and France have both said they will ban the sale of gas and diesel by 2040. Norway’s transportation plan calls for all new passenger vehicles to be zero-emission by 2025. India wants to make the switch to electric by 2030.

But it’s the People’s Republic of China, currently drafting its own ill-defined ban on the production and sale of fossil-fuel-powered vehicles, that is giving Brown the most grief.

Says Nichols, “The governor has certainly indicated an interest in why China can do this and not California.”

Apart from envying the autocratic powers of a communist dictatorship, Brown has not said what a ban on gas and diesel vehicles might look like. Nichols herself offers scant detail, other than saying that a complete ban on the sale of new combustion-powered vehicles could arrive as early as 2030 and that all combustion would have to be phased out by as early as 2040.

That’s…optimistic. California currently has a goal of getting 1.5 million zero-emission vehicles (ZEVs) on the road by 2025, and the prospects of reaching even this far more modest goal are in question.

Despite generous subsidies, purchases of ZEVs still hover below 3 percent of new vehicles sales. Only 13,804 were sold in California in the first quarter of 2017, out of 506,745 in total new vehicle sales.

Only 300,000 “clean vehicles,” of which roughly half are partially gas-powered hybrids, have been sold in California. Purely electric vehicles are about .4 percent of the nearly 35 million registered vehicles on the state’s roads.

To achieve Brown’s goals, he will have to compel 99.6 percent of California drivers to trade in their gas guzzlers for electric vehicles that they currently find too expensive or too impractical. And that doesn’t even touch on the issue of providing enough charging stations for these vehicles, or of generating enough electricity to power those stations.

Nor does it cover the issue of affordability. Right now, electric cars are the domain of the well-to-do. A 2016 Berkeley study found that 83 percent of those making use of California’s electric vehicle subsidy program made over $100,000.

Getting the rest of the state into these cars would require massive subsidies. Even then, many might end up going without personal transportation.

How any of these practical considerations might be addressed is unknown. Right now, the ban is still just talk. But it’s talk that Brown and his subordinates are taking seriously.

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The “Wolf Of Wall Street” Says Jamie Dimon Is Right About Bitcoin

The guy who made tens of millions of dollars misleading American retirees into buying worthless pink sheet stocks says he agrees with J.P. Morgan Chase & Co. CEO Jamie Dimon’s comment that bitcoin is “a fraud.”

Jordan Belfort, the inspiration for Leonardo DiCaprio’s character in the 2013 Martin Scorsese film “The Wolf of Wall Street,” told the Street that he believes Dimon is right, adding that bitcoin “isn’t a great model.”

In what may eventually be revealed as an important distinction, Belfort’s take was somewhat more nuanced than Dimon’s. While the JPM CEO predicted that all digital currencies would eventually become worthless, Belfort said there might be room for one.

"I'm not saying cryptocurrencies, there won't be one – there will be one – but there has to be some backing by some central governments out there.

 

If any digital currency demonstrates long-term viability, it will probably be one that’s backed by a central bank."

Two weeks ago, Dimon sent the price of bitcoin tumbling when he called the digital currency a fraud and said he would fire any JPM traders caught trading it. He added that it made people like his daughter feel like “geniuses” for buying in early.  

"It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody killed. I’ll fire anyone who touches it."

Surprisingly, given bitcoin’s role in helping disrupt the financial services industry, not every Wall Street CEO shares Dimon’s dim view on the digital currency. Two days ago, Morgan Stanley CEO James Gorman told WSJ that he believes Dimon is wrong and that "bitcoin is certainly more than a fad.” However, he conceded that “there is a government risk to it” – alluding to Chinese authorities’ decision to shutter local bitcoin exchanges. Joining Dimon and Belfort in the skeptics’ corner is Bridgewater Associates Founder Ray Dalio, who said last week that he believes bitcoin is in a bubble.

Circling back to Belfort, he explained to the Street that he just couldn’t wrap his head around bitcoin…

“Basically, the idea that it’s being backed by nothing other than a program that creates artificial scarcity it seems kind of bizarre to me.”

He also claimed that he knows people who lost money in the Mt. Gox hack, and that the incident served as a wakeup call.

“They could steal it from you I know people who have lost all their money like that…"

Of course, Dimon’s statement didn’t stop JP Morgan Securities from transacting in a bitcoin-linked exchange-traded product traded on Nasdaq Stockholm, prompting an algorithmic liquidity provider called Blockswater to sue Dimon for "spreading false and misleading information" about bitcoin.

Traders, meanwhile, have continued to vote with their wallets: Bitcoin finally filled the “Dimon gap” yesterday, and has continued to climb on Thursday…

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How Ron Paul Gets the NFL “Take the Knee” Controversy Wrong

Ron Paul appeared on Alex Jones’s InfoWars to weigh in on the controversy that has the nation pointlessly aggrieved: some football players aren’t happy with how often police kill black men and choose to express this by kneeling rather than standing when the national anthem is played before football games.

Paul, the former Republican congressman (and two-time Republican, and one-time Libertarian, presidential candidate) seemed to see other things worth being angry about in the kneeling NFLers behavior and in the team owners’ tolerating it, for various unconvincing and poorly expressed reasons.

President Donald Trump has chosen to cynically and idiotically fan the flames of this phony controversy, dividing the nation roughly between those who either agree that cops violently misbehave too often or that Americans should be able to peacefully and symbolically express that opinion during the national anthem at a football game, and those who think public and presidential pressure should force everyone to “show respect for the flag” in one proscribed ritual way.

Matt Welch masterfully parsed out nearly all the issues relevant to the libertarian perspective about this dumb controversy at Reason earlier this week. Among his conclusions were that it would be great to get government money and giveaways and crony treatment out of sports, and that it’s a healthy thing for free Americans to react to presidential dudgeon by doing the opposite of what (he claims) he wanted. (Trump, the political imp of the perverse, likely would have been disappointed if everyone had obeyed his command to rise for the anthem.)

On his show, Alex Jones, a popularizer of the idea that the U.S. government conducts baroque and sinister conspiracies with maddening regularity and for tyrannical ends, now seems more worried that “white people” and America are being criticized. Paul, fortunately given the shadow of racist comments that appeared under his name (but were not, he insists, written by him) decades ago in newsletters he issued, doesn’t directly rise to that bait, moving forward as if it wasn’t even said.

But Paul apparently, for reasons he never specifies or makes clear in this interview, finds the display of kneeling by football players to be a distasteful example of a modern right-populist bogeyman, “cultural Marxism,” a (often seen as conspiratorial) movement to overturn all traditional western values in order to soften our underbelly to accept totalitarian communism, through means unspecified.

The Ron Paul who created a stir for a message of small government, sound money, and liberty in his 2008 and 2012 presidential campaigns nearly entirely avoided this kind of cranky right-wing talk. I never heard him claim the free choices of any American to express an anti-government opinion in any context was something to be upset about in any way. (I witnessed dozens of hours of his political speeches while researching my 2012 book Ron Paul’s Revolution: The Man and the Movement He Inspired.)

Being a politician seemed to bring out the best in him, a real rarity. When seeking a national audience as a presidential candidate, the need to appeal outside his pre-existing constituency containing many whose anti-statism had a right-populist streak gave him room to paint a wide and sympathetic vision of liberty, one with no place for griping about “cultural Marxism” or that some people are freely choosing to not embrace those old-time western family values.

That Ron Paul left right-wing culture war nonsense entirely behind, speaking instead of the human tragedies of military empire, the dangers of federal management of the money supply, the stupidity and evil of restricting our free choices that don’t directly harm others, from drug use to raw milk consumption. That Ron Paul celebrated the powers of a free people and free culture to unify us and make us the best we could be, as individuals and as a nation.

His message of peace, prosperity, and a government that no longer went out of its way to help the powerful and harm the powerless seemed designed to appeal to progressive radicals as much as to staunch libertarians or the small-government right, even explaining how programs of direct help to the destitute should not be where limiting government’s reach and spending should start.

In the Jones interview this week, Paul hits the correct note that President Trump should leave the NFL knee controversy alone, saying “the president ought to be a lot less noisy about it” and should not be “threatening people [like] they are committing some crime.”

He also rightly said, “a lot of this got worse once football teams started talking money from government to promote supernationalism and militarism” and that “the American people should not allow government to give one cent to football and allow them to promote militarism.”

Paul has built his entire political and polemical career identifying the moral crimes of the U.S. government in areas both foreign and domestic. Why should he consider it some negative “attack on tradition and culture” via “cultural Marxism” for football players to quietly refuse to show demanded obeisance to the American flag, or the American government?

He gave no hint of an explanation, and there is no decent one from a libertarian perspective I can imagine.

Paul stresses to Jones some points that are technically true, but not terribly relevant from a wide-range libertarian perspective. Pressure or restrictions on free speech not directly from government do not implicate the First Amendment, as Paul says here. True.

Yet the ability to express oneself freely is a good thing, a core part of liberty. That’s why libertarians don’t want government to restrict it. Those concerned with human liberty should value a culture of free expression and defend it against pressures both state and non-state, even though one does not necessarily have an absolute right to express oneself on or with someone else’s property.

But to speak with Jones as Paul does in this interview of the relationship of NFL team owners and players as one of “property” rather than of contract and thus with no implications for a concern for liberty to express one’s objections to government misconstrues the issue. Merely being an employee of a company does not give the company a “property right” to exercise; the employee-employer relationship is a mutual contractual one, implicit or explicit.

While the NFL could, if it wished, make employment contingent on standing for the anthem, they’ve chosen not to. Paul has provided no argument, and I cannot imagine one within his larger vision of the proper role of government and what makes for a prosperous and free society, as to why the players failure to stand or the owners’ failure to try to make employment as a player contingent on standing is something a libertarian should care about at all, certainly not be “disgusted” about, except possibly to cheer.

Paul encourages a “boycott” to solve this nonsensical, nonexistent “problem,” which creates tensions for those who believe that free markets bind all of us across nations, classes, and creeds into a complicated but delicate system of wealth-creation and betterment for all.

Boycott is indeed anyone’s right within a free market. But encouraging everyone to refuse to do business with those whom we differ ideologically or politically is a losing game for everyone, especially anyone with a radical point of view, left, right, or libertarian. Markets make us partners to mutual advantage; boycotts make us enemies. This does not mean it isn’t within anyone’s rights to do it. No one has a right to our business or our approval. But willfully trying to limit the wealth-generating benefits of markets to those with whom one agrees risks impoverishing us all, as those dedicated to the old-fashioned western values of cosmopolitan free trade across lines of religion, nation, and class should respect.

Thus, advocating a culture of boycott requires more heavy thought from a market advocate than Paul gives it here, especially given that he hasn’t rationally established any good reason why the NFL deserves punishment.

The “Cultural Marxism” he seems to be angered about was of zero concern to candidate Paul. Even current freelance popularizer Paul doesn’t seem to give it very much attention if Google is any guide.

An October 2016 episode of Paul’s “Liberty Report” show, though, was dedicated to a rather rambling and disconnected set of comments on the matter. Paul sees an ill-defined attempt to “undermine the Judeo-Christian moral values of family” as key to imposing authoritarianism on America. He worries harsh social pressure is being aimed at, say, stores selling blue clothes to boys and pink clothes to girls; that campus officials are afraid to speak out against leftist agitation on campus; and that the notion of individual rights is being swamped by a mentality of special group rights. Paul rambles over a lot of other “cultural right-wing” concerns candidate Paul wisely left alone.

But he ends that October show with a message that the Ron Paul who was Alex Jones’ guest this week should have remembered: “nobody can initiate aggression against another person”—the very message NFL’s kneelers are trying to convey about American police. As Paul said in his episode on “cultural Marxism,” in “a free society” one “is allowed to criticize government” and “too many people don’t want that, they want people to toe the line.

“Liberty means allowing [everybody] to make personal choices, social relations, sexual choices, personal economic choices” Paul went on to say, and it should not be a “threat,” it should “bring people together.”

“Peace and prosperity,” Paul said in that October show,” is what he is “waiting for and working for.” He closed with a quote from H.L. Mencken, along the lines of “the most dangerous man to any government” is the man who “without regard to prevailing superstitions and taboos” comes to the conclusion “the government he lives under is dishonest, insane and intolerable.”

One might almost imagine that someone contemplating incidents of police violent abuse and murder of American citizens, might come to Mencken’s conclusion, and thus have a very good reason for not wanting to stand for the national anthem.

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