Impeachment Rules, Baghdadi Dead, Another Fed Rate Cut, Democratic Race
The show kicks off with Mike & Jay discussing the House resolution on the impeachment inquiry of President Trump. Jay says that it partly addresses procedural fairness issues many Republicans have been raising, but that it’s still not fair enough to the president. Mike disagrees, arguing that the president will get every procedural protection he should - and then some - during a Senate trial. Things get a bit heated as Mike and Jay discuss whether there’s sufficient evidence to impeach the president and they come to differing conclusions as to what constitutes ‘high crimes and misdemeanors’.
Next, the Guys turn to the death of Islamic State leader Abu Bakr al-Baghdadi in a U.S. special forces raid. Jay loved the president’s comments about the raid, which he felt made for great political theater. Mike points out that the raid was made possible by intelligence help from the Kurds, and argues that we need a continued presence in the region to make these critical relationships possible. They both agree that this is good news for the fight against radical Islamic terrorism.
Then it’s a turn to some contradictory economic news - another good jobs report, wages exceeding inflation, and a record-setting economic expansion, but with overall growth down and businesses reluctant to spend. Both Mike and Jay believe the slowdown is due in no small part to President Trump’s trade war with China. Mike makes a case that the president might actually be working against his short term electoral interest by pushing the trade war, though Jay points out that that’s likely why Trump is pushing so hard for Fed rate cuts.
The show closes with a discussion of some important developments in the Democratic presidential nomination race - Beto O’Rourke pulling out, Kamala Harris cutting staff and going all-in on Iowa, and Elizabeth Warren releasing details on how she’d pay for her Medicare for All plan.