A Florida Amendment Seeks to Restore Voting Rights to Ex-Cons Who’ve Paid Their Dues

|||Lannis Waters/ZUMA Press/NewscomFloridians heading to the polls in November can expect to see a voting rights amendment on their ballots.

Amendment Four, called the Voting Restoration Amendment, seeks to restore voting rights to those in the state who have been convicted of a felony and served the full length of their sentence, including probation, parole, and the payment of restitution.

There are exceptions, however. Those convicted of murder or sex crimes would still require permission via executive clemency. If the amendment receives 60% of the vote, it will be added to the Florida Constitution.

As it currently stands, ex-felons in Florida are ineligible to vote unless they receive executive clemency.

The restoration of voting rights has been a particularly difficult sell due to the political subtext. Last year, Virginia’s Republican gubernatorial candidate, Ed Gillespie, released an ad criticizing his opponent’s support for the restoration of voting rights after an ex-felon was found with child pornography. Roy Moore, the controversial Republican challenger in Alabama’s 2017 senate race, made the accusation that Democrats were supporting the restoration of voting rights simply to help increase the votes against him.

The Sentencing Project has reported that the suppression of voting rights has effectively removed six million voters from the voting pool, and the black Americans are disproportionately affected. While black Americans hold diverse political opinions, Republican politicians who oppose reenfranchisement tend to assume they will vote exclusively for Democrats.

Support and disapproval transcend party lines, however. Sen. Rand Paul (R–Ky.) and fellow Republican Kentucky Gov. Matt Bevin have both worked in various capacities to secure the votings rights of ex-felons. (However, prior to Bevin’s work, he reversed a last minute executive order made by Democratic predecessor Steve Beshear, which had restored voting rights en masse.)

As the National Constitution Center notes, the suspension of voting rights has faced several challenges in the Supreme Court, including Richardson v. Ramirez and Hunter v. Underwood. Opponents of disenfranchisment have been unsuccessful in their attempts at court, which is why they’re banking on Florida’s ballot initiative process.

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Don’t Confuse the Kavanaugh Gang Rape Accusation with the Rolling Stone Rape Hoax

KavanaughNow that Supreme Court nominee Brett Kavanaugh is accused of not just attempted sexual assault and harassment but also of helping to organize a gang rape during his high school years, some people have asked whether the allegations called to mind the infamous University of Virginia gang rape hoax.

But the Kavanaugh accusations, while not totally solid in every way, are significantly more plausible than the story an anonymous victim, “Jackie,” told to Rolling Stone in 2014.

Because I was an early skeptic of the UVA gang rape, a few people have asked me whether I am similarly skeptical of the Kavanaugh accusations. The journalist Richard Bradley—who expressed doubts about Jackie even before I did—has received the same queries. Like Bradley, I think there are important differences between what the Kavanaugh accusers—Christine Blasey Ford, Deborah Ramirez, and now Julie Swetnick—have claimed and what Jackie claimed.

First, a refresher: Jackie’s story, told only to Rolling Stone‘s Sabrina Rubin Erdeley, on condition of anonymity, was that her date, an older male student at the University of Virginia, brought her to a fraternity party during the fall of her freshman year. This unidentified male—”Drew” in the story—lured her to a dark second-floor bedroom, where a group of men ambushed her. They knocked her through a glass table and viciously gang-raped her as the glass shards cut up her back. She passed out from the pain and blood loss, recovered consciousness hours later, and fled the room. Her friends told her not to go to the police, out of fear that this could impact their reputations.

Eventually, it turned out the whole story was a lie. “Drew” did not exist at all: Jackie had cat-fished her friends, and messages sent from Drew to other people were almost certainly sent by Jackie herself. The fraternity hosted no party on the night in question. And Jackie’s friends contradicted her account when journalists reached out to them for comment (Erdeley had neglected to speak with them, instead trusting Jackie’s memory of their comments).

Two details of the Rolling Stone story had struck me as false after I read it for a second time. For one thing, even a tiny cut from a shard of glass causes a person to bleed profusely: that people could roll around in glass for hours and survive the encounter beggared belief. For another—and this is relevant to the Kavanaugh accusation—Jackie claimed to be sober. The vast majority of campus sexual misconduct disputes involve alleged victims who were incapacitated by alcohol to some degree. Perpetrators rely on victims having a diminished ability to resist or be aware of what is happening. It was very hard for me to imagine a pre-planned fraternity gang rape that did not involve getting the victim drunk enough to make her next-day memory unreliable.

The Kavanaugh accusation is not as outlandish as this. (I’ll just discuss Swetnick’s claims in this article, since I’ve already written plenty about Ford’s, and Ramirez’s is less serious.) For one thing, Swetnick has chosen to out herself, in a sworn statement, which means her claims are more credible. (Jackie hid behind anonymity—and to this day, has suffered little consequence for lying: No mainstream news outlet has chosen to name her, even though every journalist who has written about her case knows exactly who she is.) For another, Swetnick has accused a specific person: Kavanaugh. (Jackie refused to tell Erdeley her attacker’s real name until after it was too late.)

Swetnick has alleged that Kavanaugh’s circle of friends at Georgetown Prep hosted parties in which women were given copious amounts of alcohol, and possibly drinks spiked with sedatives. Sweentick has claimed, “I was drugged with Quaaludes or something similar [was] placed in what I was drinking.”

Quaaludes, of course, are the sedatives Bill Cosby—who was sentenced just this week—used to incapacitate his victims so he could rape them. It’s possible Seetnick is trying to link Kavanaugh with Cosby here, because even though the use of these drugs to incapacitate people are a real problem, some evidence suggests they aren’t used nearly as often as people seem to think. Alcohol, voluntarily consumed, is by far the substance most commonly used to facilitate rape. Swetnick might sincerely think she was drugged, but lots of sexual assault victims have thought the same, when really alcohol was the culprit.

Swetnick has also claimed that the boys at the Georgetown Prep parties—including Kavanaugh—would line-up outside a room containing an incapacitated woman, “waiting for their turn” to rape her. This is a somewhat more difficult circumstance to accept on face value—would the men really just wait outside the door, in a manner that made it obvious they were patiently waiting for their opportunity to commit rape, in full view of other party attendees? Note that the most plausible of the allegations against Kavanaugh, the one made by Ford, involves no such thing: She claimed that Kavanaugh dragged her into a bedroom when she was away from the rest of the group, and attempted to rape her with just his close confidant, Mark Judge, watching. For Ford to be telling the truth, it only requires that Kavanaugh and Judge consumed tons of alcohol and made a spur-of-the-moment, terrible mistake. If Swetnick is telling the truth, a lot of people plotted to do something terrible, were content to make everyone else aware of what they were doing, and waited patiently to do it.

It’s the premeditation aspect of Swetnick’s story that most strongly resembles the UVA hoax. Fortunately—for the truth’s sake, if not any one party’s—Swetnick named names, and there should be other witnesses who can shed light on the truth of the matter.

In the meantime, it would be wrong to dismiss the allegation as beyond the realm of possibility. Given the number of people who have accused Kavanaugh and Judge of teen sexual misbehavior and serial alcoholism—misbehavior that Kavanaugh has denied completely, rather than claimed to not remember or at least acknowledged was not unheard of in his private school set—one would have to think that this is essentially a conspiracy to derail his nomination. At this point, I’m not sure conspiracy is the most plausible explanation. We shouldn’t accept these accusations on blind faith, but it’s starting to seem like blind faith is what Kavanaugh’s defenders are requiring of us.

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Idiocracy? Teacher Fired For Refusing To Give 50% Grade To Students Who Didn’t Turn In Homework

Authored by Michael Snyder via The American Dream blog,

Should students that refuse to turn in their homework receive a grade of 50 percent anyway?  Of course not.  That would be like workers that didn’t show up for work asking for 50 percent of their paychecks. 

Our system of education has become a complete and utter joke, and the rest of the world is laughing at us.  Fortunately, there are still a few brave souls that are standing up for what is right.  52-year-old history teacher Diane Tirado was hired by the West Gate K-8 School in Port St Lucie, Florida for this school year, but she was fired when she refused to give students that didn’t turn in anything a 50 percent grade on their assignments.  When Tirado was hired, she was never told that the school has a “no zero” policy.  And when she found out, she refused to go along with it.

On the day that she was fired, Mrs. Tirado left a goodbye message for the students on the white board, and that goodbye message has gone viral

Should students get half credit for an assignment they didn’t even turn in? A former St. Lucie County teacher doesn’t think so.

That’s why she wrote a goodbye message to her eighth graders on a white board saying, “Bye Kids, Mrs. Tirado loves you and wishes you the best in life! I have been fired for refusing to give you a 50% for not handing anything in.  Mrs. Tirado”

Many of the students have posted supportive messages on Facebook, and that is very good to see.

And this wasn’t a case where students were not able to complete some homework that had been assigned overnight.  According to Mrs. Tirado, students had been given two weeks to complete their projects…

She assigned an explorer notebook project, which she said she gave students two weeks to complete.

When several students didn’t turn it in, Tirado found out about what she calls a “no zero” policy, which is reflected in the West Gate student and parent handbook. Below the grading rubric, in red lettering, the handbook states “NO ZEROS- LOWEST POSSIBLE GRADE IS 50%”

It would have been really easy for Mrs. Tirado to simply go along with the system, but she is one of those rare souls that is willing to stand up for her standards.

She insists that any grade in her class must be earned, and she explained to WPTV that giving kids grades that they do not deserve is just setting them up for failure once they get out into the real world…

“I’m so upset because we have a nation of kids that are expecting to get paid and live their life just for showing up and it’s not real,” Tirado said.

If we had more teachers like Mrs. Tirado, we would probably be in much better shape as a nation.

Once upon a time, we had the greatest system of education on the entire planet, but now we are rapidly falling behind other developed nations.  I shared the following numbers in a previous article, but I feel like this is a good time to share them again

After leading the world for decades in 25-34-year-olds with university degrees, the U.S. is now in 12th place. The World Economic Forum ranked the U.S. at 52nd among 139 nations in the quality of its university math and science instruction in 2010.

According to the 2009 National Assessment of Educational Progress, 68% of public school children in the U.S. do not read proficiently by the time they finish third grade. And the U.S. News & World reported that barely 50% of students are ready for college-level reading when they graduate

What we are doing is clearly not working, and we desperately need more teachers like Mrs. Tirado that are willing to challenge our students.

On a similar note, a woman from North Carolina named Tammie Hedges took the initiative to rescue 27 animals during Hurricane Florence, but once the authorities discovered what she had done they arrested her

Hedges, a resident of Wayne County, North Carolina, was taken into custody Friday after providing care to more than two dozen animals – 17 cats and 10 dogs – for owners who had to evacuate before the storm hit.

“The owners got to evacuate. They got to save themselves. But who’s going to save those animals? That’s what we did,” Hedges said. “We saved them.”

The owner of Crazy’s Claws N Paws, a donation-based animal rescue center, was in the process of converting a warehouse space into a proper animal shelter when she decided to use the building to help keep pets dry. However, her facility was not legally registered as a shelter.

What in the world is wrong with Wayne County, North Carolina?

Have they literally gone insane?

I am sick and tired of reading about people getting into trouble with the law for doing the right thing.

I think that my good friend Daisy Luther made this point very well in her recent article

According to the Facebook page, 18 of the animals were surrendered to Hedges already in very bad shape. No vets were open due to the flood. Was it better to let them suffer or to do what they could to help?

According to the government, Hedges shouldn’t have just let these animals suffer…she should have let them drown in the floodwaters.

Revolting.

I’m sick of having to “ask permission” and pay fees to do the right thing, and I think a lot of other people are too.

We live in a society where evil and corruption are wildly out of control, and yet the control freaks that run things seem to love to come down on those that are just trying to do what is right.

It is hard to be optimistic about a country that will treat people like Tammie Hedges and Diane Tirado in this manner.  Somewhere along the way we lost our common sense, and America is in a massive amount of trouble as a result.

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Joe Biden Explains To Democrats Why “An FBI Report Isn’t Worth Anything”

Well this is awkward…

With leftists up and down the country triggered at the prospect of the confirmation Judge Brett Kavanaugh to the Supreme Court, the tactic has switched to character assassination and delay in a last ditch effort to hold up the vote into and beyond the midterms.

As the various sexual abuse allegations have crept out of the woodwork from registered Democrats sudden memory flashes from over 35 years ago, Democratic politicians across the land have demanded a full FBI investigation to get to the bottom of all this (which is an utter lie if any one of them were telling the truth, since the real goal is simply to delay and an FBI probe of something as ancient as this will take months).

The calls for an FBI probe are everywhere…

In a letter addressed to Senate Judiciary Chairman Chuck Grassley of Iowa, Christine Blasey Ford‘s attorneys argue that “a full investigation by law enforcement officials will ensure that the crucial facts and witnesses in this matter are assessed in a non-partisan manner, and that the Committee is fully informed before conducting any hearing or making any decisions.”

Sen. Kamala Harris (D-Calif.), who is on the committee, said she believes Ford is telling the truth, asserted that agents in the FBI “are really well equipped to do this kind of investigation, but they’re not being given the authority to do it” by the Justice Department or the Trump White House. “I believe that the FBI… should be compelled to do its job in terms of completing their background investigation and that’s not being done.”

While Sen. Dianne Feinstein (D-Calif.), the top Democrat on the committee, has been criticized for how she’s handled the allegations, also called for the FBI “to reopen and complete the background investigation.”

Today, following a second (or third) set of allegations, Chuck Schumer demanded that Republicans suspend the Kavanaugh process and called for an FBI probe.

And finally there’s Joe Biden, who piped in to insist that a sexual misconduct allegation from 35 years ago made by Christine Blasey Ford against Supreme Court Justice nominee Brett Kavanaugh should be probed by the FBI. “We did that for Anita Hill,” Biden told anchors on the Today Show last Friday.

Which is odd…

Since in 1991, former Vice President Joe Biden, as the Senate Judiciary Committee Chairman during the Clarence Thomas Anita-Hill hearings, dismissed any conclusions the FBI came to in their report about the sexual harassment allegations Hill made against Thomas at the time.

The next person who refers to an FBI report as being worth anything obviously doesn’t understand anything. The FBI explicitly does not in this or any other case reach a conclusion… period. So, judge, there is no reason why you should know this… 

The reason why we cannot rely on the FBI report – you wouldn’t like it if we did, because it is inconclusive,” Biden stated at the 1991 Committee hearing.

He continued,  “They say he said, she said, and they said, period…

So when people wave an FBI report before you, understand they do not, they do not, they do not reach conclusions. They do not make, as my friend points out more accurately, they do not make recommendations.

So it seems that when you’re defending an African American judge accused of sexual misconduct, The FBI is useless; but when it comes to sexual misconduct allegations against a Republican (or as Joe put it ‘dregs of society’), it’s time to throw the FBI book at them?

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Like the Rest of Us, Jeff Flake Is Frustrated and Confused About the Kavanaugh Confirmation Process

Sen. Jeff Flake (R–Ariz.) is earning the ire of partisans on both the right and the left for remarks he made on the Senate floor Wednesday afternoon. Flake blasted his fellow senators and President Donald Trump for the handling of Brett Kavanaugh’s confirmation process, but also declined to take a firm position on any of the increasingly fraught questions swirling around the Supreme Court nominee.

Some of that criticism is warranted. After all, Flake is one of only 100 people in America with the power to approve or block Kavanaugh’s nomination. Even that calculation understates Flake’s potential influence over the outcome of this process: given the current hyper-partisan environment and the narrow 51-49 Republican majority in the Senate, Flake is a swing vote in both the crucial Senate Judiciary Committee and the chamber as a whole.

But it’s also difficult not to sympathize with Flake’s assessment of the situation. He is retiring at the end of the current term, and therefore has little to gain from playing politics or trying to appear above the partisan fray. He’s free to be the voice of the people—or perhaps the Senate’s conscious, if you prefer—and the vox populi is frustrated, confused, and a little angry.

Flake said he’s unwilling to believe that Christine Blasey Ford, who has accused Kavanaugh of attempted to rape her at a high school party in 1983, is “is part of some kind of vast conspiracy from start to finish to smear Judge Kavanaugh,” but that she should be heard (and she will be, Thursday, by the Senate Judiciary Committee). Flake also said that he refuses to believe that her claims of sexual assault are invalid because she did not report the assault immediately after it happened—something Trump tweeted earlier this week.

“How uninformed and uncaring do you have to be to say things like that, much less believe them?” asked Flake. “Do we have any idea what kind of message that sends, especially to young women? How many times do we have to marginalize and ignore women before we learn that important lesson?”

On the other hand, Flake said he does not believe that Kavanaugh “is some kind of serial sexual predator, as has been alleged by some on the left.” (Flake did not comment on the most recent allegations against Kavanaugh, and told a reporter that he did not have time to review those new allegations before his floor speech Wednesday)

Flake lamented that tather than trying to get to the truth, both sides have rushed to strip both Kavanaugh and Ford of their humanity, turning both into “grotesque caricatures” of who they really are.

“We think that our ideological struggle is more important than their humanity,” he said, “because we are so practiced at dehumanizing people that we have also dehumanized ourselves.”

Flake’s assessment of the circus that surrounds Kavanaugh’s confirmation process seems pretty reasonable. Even by modern political standards, and even with the ideological composition of the Supreme Court hanging in the balance, the vitriol shown by both right and left in the past two weeks has been stunning.

There has been almost no consideration of whether Kavanaugh would make a good justice; no consideration of his judicial record or his legal views. His confirmation now seems to hinge on whether you believe Ford’s accusations (and now the accusations brought by two other women) or Kavanaugh’s denials—and “believe” is indeed the right word here, because the frustrating lack of concrete evidence has turned that question into an article of partisan faith.

It’s also right, I think, to feel disappointed that Flake did not take the opportunity to change the process he’s decrying, or even attempt to do so.

He need not take a position on Kavanaugh’s nomination—indeed, he’s right to say he wants to hear the testimony of both Ford and Kavanaugh with an open mind on Thursday—but he could have said that he would not support the decision to vote on Kavanaugh as soon as Friday. He could have said he wanted additional time to allow Kavanaugh’s other accusers to come forward and have their claims properly vetted.

It is unlikely that Thursday’s hearing will definitively prove Ford or Kavanagh to be a liar. And the Supreme Court confirmation process is a political process, not a court of law where due process matters and accusations must be proven beyond a reasonable doubt. Together, those two facts leave all of us with another frustrating reality: there’s likely no outcome of the Kavanaugh confirmation process that will be accepted as the “right” one.

“However this vote goes, I’m confident in saying that it will forever be steeped in doubt,” Flake said. “This doubt is the only thing of which I am confident.”

The burden of sorting all this out falls to Flake and his fellow senators. It is important to call out the “toxic political culture” that’s only been worsened by the past two weeks of Kavanaugh drama, as Flake did Wednesday. What he does on Thursday and Friday will matter even more.

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Watch Live: President Trump Holds A Press Conference

This should be good – President Trump is holding one of his unusually infrequent press conferences.

The big question is – what will be the topic?

War with Iran? Assad’s a big loser? Putin’s not a pal anymore? Kavanaugh is a great guy? Rosenstein’s fired? CNN’s fake? Avenatti’s a low-life? Xi’s a great friend (but a thief on trade)? Trudeau can suck it? We love Mexico? NoKo and SoKo are our new best friends? Powell’s a disappointment? Record high stocks? Record low unemployment?

President Trump is due to speak at 5pmET:

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Kavanaugh Accuser Slammed For Not Reporting “Gang Rape” Parties Allegedly Attended As Adult

The latest accuser to come out against Supreme Court nominee Brett Kavanaugh is facing harsh blowback from her claim to have attended 10 high school parties at which she claims systematic gang rapes took place, orchestrated by Kavanaugh and a friend. 

The 55-year-old accuser, Julie Swetnick, is two years older than Kavanaugh and would have been 18-years-old when she attended the alleged High School parties between 1981-1983. 

Many have noted that Swetnick, if she’s telling the truth, did nothing about the alleged high school gang-rapes despite claiming she “witnessed efforts by Mark Judge, Brett Kavanaough and others to cause girls to become inebriated and disoriented so they could then be “gang raped” in a side room or bedroom by a “train” of numerous boys.” 

Swetnick says she has a “firm recollection of seeing boys lined up outside rooms at many of these parties waiting for their “turn” with a girl inside the room,” yet she never reported the alleged rape parties to authorities despite having attended them as an adult

Meanwhile Swetnick’s attorney, Michael Avenatti, slammed President Trump and GOP legislators Lindsey Graham and Chuck Grassley for calling his client a liar.

With drama like this, no wonder nobody goes to the movies anymore.  

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Cracked Beam Compels San Francisco Officials to Close Brand New $2.2 Billion Transit Hub

The Salesforce Transit Center in San Francisco cost more than $2.2 billion and took about eight years to construct. Yesterday the city had to shut it down because of a cracked steel support beam.

The center will stay closed through the end of next week.

The four-story transit center, which opened to the public on August 12, serves as hub for many of the city’s bus lines. Hailed the “Grand Central of the West,” it’s supposed to serve as many as 45 million people each year, the Associated Press reports. In addition to its bus services, the transit center features restaurants, shops, and even a rooftop public park.

But Tuesday morning, workers installing ceiling panels discovered a crack in a 6 ½-foot steel beam on the third floor. Officials had no choice but to close down the center. “The beam is cracked, so the behavior of the beam is unpredictable,” Transbay Joint Powers Authority Executive Director Mark Zabaneh said at a news conference. Zabaneh called it a “safety issue,” adding that “we can’t take any chances.”

It wasn’t clear what caused the crack, but it meant chaos for commuters. Buses were redirected, and several of the streets surrounding the structure were closed to traffic. In a press release, officials asked motorists to “avoid driving downtown,” while warning transit riders “to allow extra time for their commute.” This afternoon, Zabaneh said a second cracked beam had been discovered as well.

So what caused the issue? Joe Maffei of the San Francisco–based firm Maffei Structural Engineering tells the San Francisco Chronicle that he sees two potential culprits for the first crack: It could be “a fabrication problem—something went wrong when the beam was manufactured—or the beam is supporting more weight than it’s designed to bear.”

The cracked beams aren’t the only problem to plagued the new transit center. When construction finally ended, the structure was more than $500 million over budget. And earlier this month, the rooftop park’s walkway started crumbling.

As San Francisco spends resources on public transportation, it has made life harder for companies trying to give commuters more choices. The San Francisco Board of Supervisors passed an ordinance in April requiring dockless electric scooter services to be licensed and instructing the city’s Metropolitan Transportation Agency to draft regulations for these scooters. The city eventually granted permits to just two companies, and each was only allowed to deploy 625 vehicles.

It’s not just scooters. For months, San Francisco City Supervisor Aaron Peskin has pushed a plan that would tax Uber and Lyft’s net rider fares. Last week Gov. Jerry Brown signed a bill allowing San Francisco voters to have the final say on that proposal. Peskin hopes to have the measure on the ballot in 2019.

The San Francisco government clearly values public transportation over private alternatives. In a better world, the city would take its ability to spend billions on transit without getting it right as a sign it should rethink those priorities.

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Libertarian Postmodernism – A Reply to Jordan Peterson and the Intellectual Dark Web: New at Reason

People of many political persuasions have identified postmodernism as a major threat to civilization. The most notable recent attacks have come from Jordan Peterson and other members of the so-called “Intellectual Dark Web.”

Reason Editor-at-Large Nick Gillespie has a problem with that. He sat down with Zach Weissmueller, video journalist for Reason TV, to discuss and defend postmodernism—a term he says has been widely mischaracterized by its most vociferous critics—from a libertarian perspective.

Watch the full interview above.

Produced by Zach Weissmueller. Camera by Lorenz Lo.

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Ken Griffin: The Next Financial Crisis Will Hit In 12-24 Months

With Ray Dalio predicting that the US has about 2 years until the next recession, earlier today the head of hedge fund Citadel, Ken Griffin, echoed the Bridgewater founder and predicted that there are “at least 18-to-24 months left in the market rally”, thanks to the “giant adrenaline shot” of the U.S. tax overhaul.

Speaking at the Bloomberg Global Business Forum in New York Wednesday, Griffin said that “we are in this debt-fueled buying binge.”  He said that the U.S. economy is “running hot now” thanks to President Trump’s actions: “The Trump policies, whether deregulation or tax reform, are certainly pushing corporate America to go, go, go,” he said, citing low unemployment and meaningful wage growth.

That’s the “good” news. The bad new: the artificial “binge” that will extend what is already the longest bull market of all time is “laying the seeds of the next financial crisis“, said Griffin.

And what may come as a surprise to many, Griffin admitted that that he’s already managing his fund for the next economic downturn. “My position today is very much focused on managing the tail risks for that… we are late in the cycle, the animal spirits have been unleashed and when these correction occur they happen with very little notice“, he said.

In terms of specific crisis catalysts, the hedge fund manager said his biggest worry is the European Union, where individual nations like Italy and Spain can’t print euros to rescue their own economies.

“Every crisis in the West for the last 50 years has been ultimately solved by intervention of governments,” he said. “There has been a huge sea change that has taken place, which is in the EU, the individual governments can no longer issue debt in their own currency.”

And thanks to Brussels’ monetary strait-jacket, the ability of “those countries as sovereigns to rescue their financial system in the next crisis is greatly diminished or not even there,” he said.

Goldman Sachs CEO David Solomon agreed, and speaking in a separate panel said that he also sees greater risks to the U.S. economy, but just like Dalio and Griffin, he is not worried about the next 12 months but “as you get out to 24 months. The chances go up materially — now I don’t know what materially is — is materially 50 to 60 percent? It’s definitely more,” he said.

Translation: Wall Street is convinced that the next crash will take place just before the next presidential election…

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