Self-Driving Cars And Deciding Who Lives And Dies – Sacrificing Your Family For The “Greater Good”

Authored by Alex Thomas via,

As the establishment continues to declare that the era of “self-driving” cars is upon us, many Americans have been left wondering what the privacy implications for such a tremendous change in society will end up being.

Now, with the very real possibility that, in the event of an accident, these cars would literally make the decision between who dies and who lives, Americans have even more to worry about when it comes to handing over control of their vehicle to a supercomputer.

According to multiple reports, the cars themselves are being designed to make so-called “moral” decisions which, in other words, means that the programming would essentially allow say a car full of people to crash rather than a school bus.

USA Today reports:

Consider this hypothetical:


It’s a bright, sunny day and you’re alone in your spanking new self-driving vehicle, sprinting along the two-lane Tunnel of Trees on M-119 high above Lake Michigan north of Harbor Springs. You’re sitting back, enjoying the view. You’re looking out through the trees, trying to get a glimpse of the crystal blue water below you, moving along at the 45-mile-an-hour speed limit.


As you approach a rise in the road, heading south, a school bus appears, driving north, one driven by a human, and it veers sharply toward you. There is no time to stop safely, and no time for you to take control of the car.


Does the car:

A. Swerve sharply into the trees, possibly killing you but possibly saving the bus and its occupants?

B. Perform a sharp evasive maneuver around the bus and into the oncoming lane, possibly saving you, but sending the bus and its driver swerving into the trees, killing her and some of the children on board?

C. Hit the bus, possibly killing you as well as the driver and kids on the bus?

The article goes on to say that the above question is one that is no longer theoretical as upwards of $80 billion have been invested in the sector with companies such as Google, Uber, and Tesla all racing to get their self-driving cars onto a road near you.

Interestingly, the USA Today report, as well as those quoted within it, seems to outwardly worry that the questions surrounding self-driving cars will cause Americans to shun them and continue to drive cars operated by actual humans who can choose whether or not they wish to save their own family or someone else’s if an accident were to take place. Clearly there is an agenda at play here.

The article continued:

Whether the technology in self-driving cars is superhuman or not, there is evidence that people are worried about the choices self-driving cars will be programmed to take.




Last month, Sebastian Thrun, who founded Google’s self-driving car initiative, told Bloomberg that the cars will be designed to avoid accidents, but that “If it happens where there is a situation where a car couldn’t escape, it’ll go for the smaller thing.”


But what if the smaller thing is a child?


How that question gets answered may be important to the development and acceptance of self-driving cars.


Azim Shariff, an assistant professor of psychology and social behavior at the University of California, Irvine, co-authored a study last year that found that while respondents generally agreed that a car should, in the case of an inevitable crash, kill the fewest number of people possible regardless of whether they were passengers or people outside of the car, they were less likely to buy any car “in which they and their family member would be sacrificed for the greater good.”

All in all the entire report is a must-read, especially when you consider that we are now directly talking about allowing either private companies or the government to decide whether or not ourselves or our families are worthy of being saved in a car accident.

This truly is a scary situation.

The post Self-Driving Cars And Deciding Who Lives And Dies – Sacrificing Your Family For The “Greater Good” appeared first on

The post Self-Driving Cars And Deciding Who Lives And Dies – Sacrificing Your Family For The “Greater Good” appeared first on Forex news forex trade.

Continue Reading

<b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas

Despite recent drops in the price of oil, many residents of Andrews, and similar towns across the Permian, are trying to take the long view and stay optimistic. The Dow Jones industrial average plunged 540 points on Wednesday after crude oil plummeted another 7% and crashed below $27 a barrel.

The post <b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas appeared first on

The post <b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas appeared first on Forex news forex trade.

Continue Reading

<b>Crude oil</b> output, exports at Mexico’s Pemex rise in October

Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said. Crude output rose by 9.9 percent from the previous month to 1.902 million barrels per day (bpd) after suffering a sharp drop in September, according to Pemex data ...

The post <b>Crude oil</b> output, exports at Mexico’s Pemex rise in October appeared first on

The post <b>Crude oil</b> output, exports at Mexico’s Pemex rise in October appeared first on Forex news forex trade.

Continue Reading

DiMartino Booth Warns Pressure On US Households Is Intensifying

Authored by Danielle DiMartino Booth,

Behind the rosy economic headlines, consumer stresses have continued to build and are likely to worsen...

Is the U.S. economy enjoying a honeymoon, or is this merely a hiatus? Although this isn’t a subject of discussion among most economists, there will be both good and bad associated with three hurricanes and the California wildfires.

In early summer, the economic data began to surprise to the upside and the momentum has gained traction. The Citigroup Economic Surprise Index recently hit its highest level of the current cycle.

But there are signs that beneath the veneer of healthy headlines, household stresses have continued to build and are likely to worsen as losses related to the storms begin to seep into future months’ data.

In tracking its internal debit- and credit-card data, Bank of America observed that much of the September upside surprise in consumption was propelled by building materials and gasoline. Immediate repairs, rushed deliveries of goods and supplies, and storm-victim relocations undoubtedly drove these sales.

In October, Bank of America’s data showed payback in these areas but strength in furniture stores and discretionary goods. That also makes sense given how many of those who were dislocated have begun to move back into their homes or outfit new, temporary living arrangements.

The Bank of America report also noted that “While the data are cleaner this month, we still see evidence of hurricane distortions, particularly due to Irma.”

It will be some time before the economic data can begin to reflect the full extent of the economic damage inflicted by Hurricane Maria. Puerto Rico remains in such dire straits, the unemployed have had to mail in their initial jobless claims forms, creating long lags in the reported weekly figures.

The full effects of Hurricanes Harvey and Irma are rapidly showing up in the data. In September, according to Black Knight, the number of mortgages either past due or in foreclosure rose by 214,000, or 9 percent, compared with August. At 5.1 percent, the combined rate is far off the previous month’s 4.7 percent and the most recent low of 4.5 percent recorded in March 2007.

October’s numbers have brought the picture more clearly into focus. More than 229,000 past-due mortgages are tied to the storms. Hurricane Irma accounted for 163,000 and Harvey, 66,000. To place the damage to households in context, before the storms, Florida and Texas ranked 22nd and 20th among non-current mortgage states. As of October, Florida has risen to second place and Texas is in fifth place.

The economy has also enjoyed a rush of car sales as sufficiently-collateralized and insured drivers immediately replaced vehicles destroyed by the storms.

According to the latest retail data, car sales slowed to a 0.7 percent growth rate in October, far below September’s blistering 4.6-percent pace.

Nonetheless, the next development could be a further deterioration in auto delinquencies attributed to storm victims. The most recent third-quarter data from the New York Fed suggest struggling households continue to buckle under the strains of their monthly payments.

The delinquency rate for subprime loans originated by auto-finance companies, as opposed to banks, hit 9.7 percent in the three months ended in September. With one in four auto loans outstanding going to subprime borrowers, the rate has been rising since 2013 and is at a seven-year high. What’s most notable is that these delinquency rates are being recorded outside recession, all but ensuring 2009’s peak of 10.9 percent will be breached in the next downturn.

And while credit-card delinquencies are nowhere near their crisis-era double-digit peaks, the New York Fed noted that serious delinquencies have been on the rise for one year. The serious delinquency rate hit 4.6 percent in the third quarter, up from 4.4 percent the prior quarter. Adjusted for inflation, the growth of U.S. credit-card spending has outpaced that of incomes for 26 straight months.

Without a doubt, the availability of credit has been a contributing factor. In its just-released Survey of Consumer Expectations, the New York Fed found that households’ perceptions of the availability of credit reached the highest level since the survey began in 2013. As for households’ “financial fragility,” the average probability of respondents needing $2,000 for an unexpected expense rose to 33 percent from 32 percent in the previous survey, their perceived ability to scrounge those rainy-day funds rose to 70 percent from 67 percent.

The recent income gains among the lowest-earners is probably seeping into households’ increased optimism. At the same time, at 3.4 percent, the personal saving rate implies many households have depleted a good portion of their safety cushions.The current rate is not only the lowest since 2007, but one of the lowest on record since 1900.

Hoisington Asset Management’s chief economist Lacy Hunt said that in real per capita terms, disposable income fell at a 0.2 percent rate in the third quarter, 0.5 percent below where it stood a year prior.

At the same time, the Federal Reserve is poised to raise interest rates by a quarter percentage point at its two-day meeting ending Dec. 13. This tightening will occur in conjunction with the Fed’s continued shrinking of its balance sheet.

“We have seen many instances where spending surges rapidly immediately after natural disasters, but the boost from disaster spending will fade quickly while the intensifying monetary restraint will persist,” Hunt warned.

Perhaps the markets are beginning to sniff out that what the storms giveth can just as easily be taken away.

The post DiMartino Booth Warns Pressure On US Households Is Intensifying appeared first on

The post DiMartino Booth Warns Pressure On US Households Is Intensifying appeared first on Forex news forex trade.

Continue Reading

David Stockman Derides The Delirious Dozen Of 2017

Authored by David Stockman via Contra Corner blog,

We have previously noted the massive market cap inflation and then stupendous collapse of the Delirious Dozen of 2000.

The latter included Microsoft, Cisco, Dell, Intel, GE, Yahoo, AIG and Juniper Networks - plus four others which didn't survive (Lucent, WorldCom, Global Crossing and Nortel).

Together they represented a classic blow-off top in the context of a central bank corrupted stock market. When the bubble neared its asymptote in early 2000, the $3.8 trillion of market cap represented by these 12 names was capturing most of the oxygen left in the casino. That is, the buying frenzy had narrowed to a smaller and smaller group of momo names.


That severe concentration pattern was starkly evident during the 40 months between Greenspan's December 1996 "irrational exuberance" speech and April 2000 (when he told the Senate no bubble was detectable). In that interval, the group's combined market cap soared from $600 billion to $3.8 trillion.

That represented, in turn, a virtually impossible 75% per annum growth rate for what were already mega-cap stocks. As it happened, in fact, $2.7 trillion or 71% of the group's bubble peak market cap vanished during the next two years.

What we didn't mention yesterday, however, is that this bubble top intumescence never really came back. In fact, the market cap of the eight surviving companies---all of which have continued to grow----today stands at just $1.3 trillion or 34% of the 17-years ago peak.

Needless to say, that's because the market no longer affords the Delirious Dozen of 2000 valuation multiples that are even remotely in the same bubblicious zip code.

Thus, the eight survivors posted combined net income of $52.3 billion during the LTM period ending in September 2017. On the far side of the 1999-2000 tech bubble, therefore, current earnings turn out to be worth 25X---not the 75X recorded back then.

We revisit the rise and fall of these turn of the century high flyers because we believe the same process of market narrowing into a diminishing number of momo names is exactly what is happening again as we reach the asymptote of this latest and greatest central bank fueled bubble.


In fact, we have identified a new roster for the Delirious Dozen of 2017 - and have tracked their course over the last 40 months. During that interval, of course, Janet Yellen did not even bother to muse in public about "irrational exuberance" like Greenspan did.

That's undoubtedly because Fed orthodoxy now holds there just plain aren't any bubbles---apart from isolated segments like commercial real estate. To the contrary, the 12 geniuses on the FOMC have purportedly vanquished the business cycle entirely, thereby insuring an economic nirvana of perpetual full employment, world without end.

We think otherwise. Accordingly, our new Delirious Dozen consists of the FAANGs (Facebook, Apple, Amazon, Netflix and Google) plus seven additonal high flyers (Tesla, NVIDIA, Salesforce, Alibaba, UnitedHealth, Home Depot and Broadcom).

Not surprisingly, their combined market cap has soared from $1.7 trillion to $4.0 trillion during the last 40 months in a pattern which is highly reminiscent of the last go round. And for our money, that $2.3 trillion gain represents the same kind of bottled air.

Thus, Amazon is now valued at $550 billion and thereby trades at 293X its $1.9 billion of LTM net income. But all of that net income is attributable to its rent-a-cloud service (AWS) which is arguably worth $100 billion on a standalone basis.

That is to say, the great Bezos E-commerce juggernaut is implicitly valued at $450 billion, yet has not generated a dime of profit from the scorched earth its has left behind in retail land. That's what we call bottled air.

Likewise, Broadcom trades at 246X net income and Netflix is valued at 194X. These companies may well be the equal of Cisco and Intel as innovators and value generators with a long life of growth ahead.

But both are challenged by ferocious competitors, and have no more chance of sustaining their current absurd valuation multiples than did Cisco (200X then, 19X now) or Intel (60X then, 16X now).

Next consider Salesforce (CRM), which is currently valued at $77 billion, and Tesla, which sports a market cap of $54 billion. Yet both had large net losses during the latest 12 months. In fact, during the last five years, CRM has posted cumulative net losses of $650 million and Tesla has lost $3.3 billion.

Even if these two do manage to avoid the fate of Nortel and Global Crossing, the red ink stained charts below suggests that earning into their combined market cap of $131 billion will take more than a few miracles.

TSLA Net Income (TTM) Chart

Even Alibaba at 55X, NVIDIA at 50X, and Goggle and Facebook each at 35X are essentially defying math and the business cycle.

The latter two companies, in fact, may be the greatest thing since sliced bread, but they are also virtually 100% dependent upon advertising revenue. During the last recession, global ad spending plunged by nearly 9%, as shown below, and by more than 14% in the US alone.

Moreover, the digital capture of market share---of which is 85% is attributable to FB and GOOG----has nearly run its course. Accordingly, no company in a cyclical 3-4% growth industry can sustain a 35X PE multiple for any appreciable period of time.

Image result for images of US advertising spend since 2006

Much the same can be said for Home Depot (HD), which is currently flying high, but is not capable of permanently sustaining a 25X PE multiple. In fact, its recent results have been flattered owing to the capture of significant market share from the collapse of Sears and due to elevated sales from a standard home improvement spending cycle that is now reaching its peak. Additionally, it has not yet been attacked head-on by Amazon (but that's surely coming).

But like much else at the current bubble top in the casino, Home Depot's elevated short-run gains have been confused for permanent growth capacity. However, the verdict on that is crystal clear: During the 11 years since the 2006 housing peak, HD's net income has grown from $6.1 billion to just $8.6 billion in the October 2017 LTM period.

That computes to a 3.2% per annum growth rate, and Home Depot's best years are surely behind it. After all, the tsunami of baby boom retires are emptying their nests, not renovating them.

At the same time, America's soon to be shrinking work force will face ever higher taxes to pay for the upkeep of the former, thereby sharply constraining the discretionary income of the overwhelming share of working households. Man caves and granite kitchen counter-tops are not likely to survive the generational squeeze looming ahead.

Accordingly, we believe that HD's days as a 25X PE stock are numbered.

In short, among the Delirious Dozen for 2017, only Apple has a reasonable multiple at 19X. But then again, Apple has been cycling along the flat line for more than three years at its towering sales level of $230 billion and $50 billion of net income.

Yet even today's casino recognizes that given Apple's monumental size, it is virtually impossible to move the growth needle; and that even one delayed or botched product cycle could cause its $50 billion of net income to take a not inconsiderable plunge.

AAPL Net Income (TTM) Chart

In short, aside from the unique case of Apple, the Delirious Dozen of 2017 are set-up for a repeat of the massive 2000-2002 deflation of bottled air. That is, in June 2014 the group (ex-Apple) had a market cap of $1.1 trillion, representing 34X its combined net income of $32 billion.

During the 40 months since then, the group's market cap has nearly tripled to $3.2 trillion, while its net income has climbed to $65 billion. Consequently, the group's PE multiple has now soared to 49X or to nearly the nosebleed level that pertained among the previous group of high flyers back in April 2000.

Needless to say, the business cycle has not been abolished and this expansion is now 101 months old. In fact, the chart below suggests it may be reaching its "sell-by" date.

But here's the thing. The bottled air resident among the Delirious Dozen of 2017 is where all the top of the bubble mania has again gotten concentrated.

So when the Black Swan, Orange Swan or Red Swan, as the case may be, finally arrives and they begin to sell AMZN, FB, TSLA or CRM----look out below.

That's where Wall Street's next central bank fueled bloodbath is hiding in plain sight.

The post David Stockman Derides The Delirious Dozen Of 2017 appeared first on

The post David Stockman Derides The Delirious Dozen Of 2017 appeared first on Forex news forex trade.

Continue Reading

UPDATE 2-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex

DHAHRAN, Saudi Arabia, Nov 26 (Reuters) - State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil to chemicals. The project, which the partners said would be the largest ...

The post UPDATE 2-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex appeared first on

The post UPDATE 2-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex appeared first on Forex news forex trade.

Continue Reading

New Iraqi pipeline planned to send Kirkuk <b>oil</b> to Turkey

Unidentified attackers on several occasions blew up the strategic Kirkuk-Ceyhan oil pipeline in Iraq's northern Kirkuk province. Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and holds the world's fifth-largest proven crude ...

The post New Iraqi pipeline planned to send Kirkuk <b>oil</b> to Turkey appeared first on

The post New Iraqi pipeline planned to send Kirkuk <b>oil</b> to Turkey appeared first on Forex news forex trade.

Continue Reading

Will The Blockchain Render This Multibillion-Dollar Industry Obsolete?

Blockchain technology is on the cusp of disrupting another billion-dollar industry that most Americans (particularly members of the millennial generation) rarely think about: Boring old title insurance.

Since the blockchain technology craze swept the US in 2015, technologists working to pinpoint new use-cases for the technology have been squawking about its potential to revolutionize how governments store and track ownership of land. The system used by most modern governments was developed centuries ago: In the US, property titles are public documents recorded with roughly 3,600 counties, towns and other jurisdictions. In some cases, the record is available only in writing and can be viewed only by visiting a town clerk’s office. Since the system in its present form leaves plenty of room for error, many homeowners purchase title insurance to protect against the possibility that their claim to the property is challenged – either because the records were lost of destroyed, or for any other reason.

Several countries, including Ukraine, the Republic of Georgia, Honduras and Sweden have already partnered with Bitfury and other blockchain startups to develop a blockchain-based title-registry system. As WSJ reports, some of these systems are nearly ready to be implemented.

For anybody familiar with how blockchain technology works, the utility here is obvious: Since the blockchain provides an immutable record of transactions, storing property titles on a blockchain-based system would substantially decrease the risk that a landowners’ claim is challenged. WSJ posits that title insurance could be among the industries that's most ripe for blockchain disruption. It's just one example of a multibillion-dollar industry that could be rendered obsolete overnight.

To help get ahead of the problem, WSJ says many title insurers are investing resources into studying and developing blockchain technology, which could allow these companies to pivot by developing and managing the systems that otherwise would’ve put them out of business.

As a precaution, many title-insurance companies are studying the use of blockchain to ensure they are “in the drivers’ seat versus being in the passenger’s seat” if these changes take place, said Steven Gottheim, senior counsel of the American Land Title Association, a trade group. “The lesson you can see in the industries that have been disrupted” is that the greatest danger is to companies that “don’t realize new technology is coming,” he said.


Mr. Gottheim said initial tests of the use of blockchain technology for title recording by IBM and startups like R3 CEV look promising. But he pointed out that enormous hurdles face the use of blockchain technology and businesses are in the “really early stages of trying to figure out if this is hype or reality."

Several US states are also studying the technology, hoping to develop land-title registries of their own. Unsurprisingly, sparsely populated states with vast tracts of uninhabited land are leading the charge. According to WSJ, the state that’s furthest along is Vermont. The state has already passed legislation legalizing the use of blockchain technology to store land titles for when the technology is finally ready.

Several state governments in the U.S. also are paving the way for the use of the new technology. Earlier this year, Arizona Gov. Doug Ducey signed legislation that enables local municipalities to substitute blockchain technology for the conventional method of recording property ownership and sales. “It establishes blockchain as a usable format for smart contracts,” said Patrick Ptak, a spokesman for the governor.


Last year, Vermont enacted a law that said that transactions recorded with blockchain technology “have the presumption of admissibility from an evidentiary perspective,” said Mr. Pieciak. It would allow people to “authenticate a blockchain real-estate transaction whether it’s over a title dispute or divorce proceeding,” he said.


Mr. Pieciak said the legislation is part of an effort by Vermont to encourage financial technology companies to base themselves in the state or to boost their businesses through the use of blockchain technology in a wide range of industries. “We’re looking at ways Vermont could do anything to make our regulatory environment more hospitable,” he said.


Mr. Pierciak said a number of questions remain, such as how mortgages would be incorporated and how title insurance world work. But technically local municipalities in Vermont now have the legal framework to switch to recording deeds using blockchain technology, although none has made that move so far.

As we’ve previously pointed out, realtors in some parts of the US are warming to the idea of settling home sales in bitcoin. Several of these transactions have already conducted, including one homeowner in Texas who purchased their home with bitcoin. These transactions are also happening outside the US: A San Francisco-based startup named Propy in September said ethereum had been used to buy an apartment in Ukraine.

Someday, real-estate transactions might be conducted in bitcoin, and stored in a blockchain-based ledger.

“I think it’s going to happen much faster than everyone anticipated,” said Alex Voloshyn, Propy’s chief technology officer.

The post Will The Blockchain Render This Multibillion-Dollar Industry Obsolete? appeared first on

The post Will The Blockchain Render This Multibillion-Dollar Industry Obsolete? appeared first on Forex news forex trade.

Continue Reading

Saudi Aramco and Sabic to build world’s largest <b>oil</b>-to-chemicals plant

Saudi oil and chemical majors Aramco and Sabic have signed an agreement to build one of the world's largest oil-to-chemicals facilities, valued at US$20 billion, as Riyadh continues to diversify its economy away from reliance on crude revenues. The integrated complex, said to be located on the ...

The post Saudi Aramco and Sabic to build world’s largest <b>oil</b>-to-chemicals plant appeared first on

The post Saudi Aramco and Sabic to build world’s largest <b>oil</b>-to-chemicals plant appeared first on Forex news forex trade.

Continue Reading

“Jones Would Be A Disaster” – Trump Tweets “The Last Thing We Need In Alabama” Is A Democrat

President Trump has been active on Twitter this morning, taking aim at the Alabama Senate race...

President Trump's de facto endorsement of Roy Moore comes after his comments last week that "We don't need a liberal Democrat in that seat ... [Moore] totally denies [the accusations]."

And as Duane Norman from the Free Market Shooter blog explains, it is the extreme platform of Roy Moore that has been lost amid the Roy Moore saga.

In spite of an endorsement by President Trump, Luther Strange was defeated by Roy Moore in the Republican primary on September 26th for Alabama’s special Senate election, to fill the seat vacated by now-Attorney General Jeff Sessions.

Doug Jones (left), Roy Moore (right)

On November 9th, allegations against Moore began to surface in The Washington Post, alleging that Moore engaged in sexual misconduct with minors in the 1970s:

Leigh Corfman says she was 14 years old when an older man approached her outside a courtroom in Etowah County, Ala. She was sitting on a wooden bench with her mother, they both recall, when the man introduced himself as Roy Moore.


It was early 1979 and Moore — now the Republican nominee in Alabama for a U.S. Senate seat — was a 32-year-old assistant district attorney. He struck up a conversation, Corfman and her mother say, and offered to watch the girl while her mother went inside for a child custody hearing.

The allegations quickly began to dominate national headlines; questions began to circulate regarding the conspicuous timing of the accusations, which surfaced with very similar timing to those against President Trump in his election.  After holding a substantial lead, Moore’s polling took a nosedive, as Fox News reported on November 18th…

Alabama hasn’t elected a Democrat to the Senate since 1992. But a Fox News poll taken in the wake of the Moore allegations and released Thursday shows Jones leading Moore 50 percent to 42 percent.

…and the betting odds for a Moore win mirrored Moore’s polling drop.  Though we would normally use Betfair’s exchange for betting odds on this election

…Betfair’s exchange has extremely thin depth, with only $57,900 wagered on the election, likely due to Betfair’s European location, and this election being a US event.  Instead, we will turn to Predictit, a US-based prediction market “for politics”.  After trading around 90% prior to the allegations, Moore’s odds took a hit, reaching a low of 36%…

…but have subsequently recovered to over 60%. 

And while much of Moore’s recovery can be attributed to voters not trusting the timing of misconduct allegations that occurred in the 1970s, the mainstream media has overlooked another important reason that Jones hasn’t been able to poll higher:

Doug Jones holds absolutely zero moderate positions.

This might not seem like a problem, as “extreme” Senators from both sides of the aisle are commonly elected.  However, for a “blue” candidate to win in a “red” state like Alabama, there has to be at least some moderation on a few key issues to attract Republicans.

Some notable examples are:

  • North Dakota’s Heidi Heitkamp: has an “A” rating from the NRA, supports the Keystone XL pipeline, and votes with President Trump’s positions 51% of the time
  • Indiana’s Joe Donnelly: has an “A” rating from the NRA, considered “pro-life”, and is a staunch supporter of defense spending
  • West Virginia’s Joe Manchin: “identifies” as “pro-life”, co-sponsored Republican balanced budged amendments, and was the only Democrat to support the Energy Tax Prevention Act

All three of the above face re-election this year, and only Heitkamp is expected to even have a chance of a winning re-election bid; Donnelly and Manchin are widely expected to lose.  In particular, Manchin’s re-election bid has been hindered due to his co-sponsoring the 2013 Manchin-Toomey amendment to implement universal background checks on gun sales.  Five years after the fact, West Virginia voters have not forgotten Manchin’s “betrayal” on gun rights.  As this author has stated in the past, gun control is not a winning political position, but it is a particularly difficult one to take in a “red” state.

It should be obvious by now; for a Democratic candidate to win a Senate seat in a “red” state, he/she must hold at least some “red” political positions.

With that in mind, if you look at the positions of Jones, you’ll see that he by and large toes the “blue” party line.  Jones has come out in support of increased restrictions on gun rights:

But Jones has said enough in small soundbites to make clear that he supports expanding background checks to cover gun shows. The Washington Post quoted him saying such an expansion “would be helpful.”


His support for gun show regulation is the logical outgrowth of his overarching belief that the Second Amendment has “limitations.”


In fact, Jones believes every natural right protected by the Bill of Rights is limited. The Alabama Political Reporter quoted Jones saying, “We’ve got limitations on all constitutional amendments in one form or another.”

…and on abortion

The Jones campaign, last week, doubled-down on the candidate’s pro-choice platform: “I support a woman’s right and freedom to choose what to do with her body. This is a decision between a woman, her doctor and her Lord. Who am I to tell a woman what to do with her body?”

…and Jones also supports more federal spending, does not support tax cuts, supports climate change regulations, and does not support repealing Obamacare.  In fact, if you look closely through his platform, he is about as “blue” as the majority of Democratic Senators.

Not exactly a formula for success in “red” Alabama.

Even worse, as Free Market Shooter’s Jon Hall has pointed out, Jones has been “promoted” by Hillary Clinton, a state where President Trump nearly doubled Hillary’s vote total:

It has become obvious; no matter how much (hypocritical) Democrats point the finger of blame at Roy Moore…

…the Democrats have virtually no chance of winning a Senate seat in deep-red Alabama if the candidate doesn’t tailor their positions to attract “red” voters, something Doug Jones’s party-line platform completely fails to do. 

The post “Jones Would Be A Disaster” – Trump Tweets “The Last Thing We Need In Alabama” Is A Democrat appeared first on

The post “Jones Would Be A Disaster” – Trump Tweets “The Last Thing We Need In Alabama” Is A Democrat appeared first on Forex news forex trade.

Continue Reading
1 5 6 7 8 9 91