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Topic: New DemocracyPoliticsThe more extreme Trump gets, the more the non-MAGA Republicans, whom I will call the "GOP," would like to be free of him. They always distrusted him, but their desire for power overwhelmed that distrust. The alternative to Trump was the Democrats. Opposition to Trump meant being pushed out of the Republican party like Liz Cheney. Now they live in fear. Only the GOP have the political power to remove Trump. 4 in the House. 4 in the Senate could pass a resolution, including a resolution declaring Trump an insurrectionist. 14 could beat filibuster, 20 could pass veto-proof resolutions or convict an impeachment.
But to "shoot at the king and miss" means the end of their career; all they have worked for. Is there a way the Democrats could help them and save the country, as is their duty?
Trump's threat is this: defy him, and next primary, they'll run a MAGA opponent. Elon Musk will fund that campaign. You'll be out, even in a safe seat.
The Democrats could pledge this: If you are in a safe GOP seat and you vote to be rid of Trump, and they attack you, we won't run anybody in your race. Further, we'll tell our supporters to register as Republicans and vote for you, and if that fails, you can run as an independent, or even a new party called the "Grand Old" party, and we'll tell our supporters to vote for you. One time only, but we'll do what we can, and you'll get 6 more years. It had better be over after that.
This actually costs
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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