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Nick Sorrentino

About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, his work has been featured at Breitbart.comReason.com, NPR.com, Townhall, The Daily Caller, and many other publications. A graduate of Mary Washington College he lives just outside of Washington DC where he can keep an eye on Leviathan.

Taxi Association President Compares UberX To ISIS Terrorists

This is almost as bad as the taxi association guy in Chicago who threatened to out local gay alderman if they voted to let Uber operate within the city.

The taxi guys (not the drivers for the most part) are used to getting their way. They are used to cozy relationships with city halls all across America. What they aren’t used to is market presure to increase the value of their service for their customers. Now, after years of neglect the taxi guys are complaining. Sorry guys.

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Fed Ending QE Is Not the End of Easy Money (And welcome to “easy oil.”)

The bankers are all sighing with relief. It looks like they weathered yet another fit in the markets.

Is there a “Yellen put” in place? Yes. But more accurately it is a “Federal Reserve put.” It’s been around for quite a while. We don’t have real prices. We don’t have a real market.

Also one thing which is not really discussed often in depth is the degree to which the petrodollar plays into all of this. Oil goes down in price, the dollar typically goes higher (and vice versa,  also oil is priced in dollars on the world market) and lower fuel prices juice the American economy. It may be that fracking, and the oil supply it has created (along with a Saudi Arabia which has turned on the spigots, likely to hammer the economies of Russia and Iran who are both hurt by a Saudi created glut) is actually the most important “monetary” tool right now.

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Bloodbath? CNN: 7 in 10 Americans are angry at the direction the country is headed

I hate that it’s a 0 or 1 binary political situation, Democrat or Republican, Coke/Pepsi, and in some ways it’s not. The Libertarian Party has made huge headway in many places this year just by simply saying and reflecting what people actually believe. The guy in the North Carolina Senate race is awesome.

Below is my sense of the political landscape at this moment. I do not necessarily agree with all of these sentiments but it is where I think the country is right – and I mean right – now.

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Jeb (probably) gets in, The establishment steps up attacks on Rand Paul (They fear him)

The establishment is circling the wagons. They want their defense industry money protected. The Chamber of Commerce wants its corporate welfare protected. The big banks want to make sure their corporate welfare is protected. The establishment GOP consultants who would rather lose and make millions than have a smaller government want their cottage industry protected. House leadership fears a libertarianish president. So does the Senate leadership.

The whole Beltway GOP does not want the party to evolve. (The Dems don’t want the GOP to evolve either.)They would rather it remain a big government party with a slightly different social flavor than the Democrats. (The Dems would prefer this also.)

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