Live from Music Row, Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
Michael, we are living in almost a giant Saturday Night Live skit. You have crime across the country going through the roof. You have over a hundred thousand people, mostly young people under age 40 who are dying from fentanyl poisoning and you have homelessness that is going crazy.
You have just a degradation of social and societal values and you have a financial mess at the federal level in that the deficits are ridiculously high, and the regulations are forcing businesses and institutions to waste money complying with regulations.
And then you have the banks, which now we see a report over the weekend that up to 200 banks have similar problems to SVB and are at risk of a similar fate. You have JP Morgan and 10 other banks essentially extending a low-interest line of credit to First Republican.
You have Janet Yellen ridiculously saying, this is, I’m quoting here. “Administration officials maintained that the move to say First Republic was done at the initiative of the private sector.” But multiple outlets reported that Janet Yellen leaned on Jamie Diamond to get the deal done. I believe the second comment is more accurate than the first.
I don’t think a bunch of CEOs from 11 of the biggest banks all called each other and got on a conference call and said, hey, let’s all pony up a total of $30 billion. I think they were strong-armed to do it. And that in itself is telling. But you have all of that and you have many problems.
You have the tremendous stories out there now about the level of corruption between all these entities in China giving money to various Biden family interests, and then you have an indictment from New York over an issue that is seven years old. And it has to do with some hush money that Donald Trump paid to Stormy Daniels, as if that’s news.
It’s not news.
And then you have from The Epoch Times they’re now investigating gifts that were given by foreign dignitaries to Trump claiming that he didn’t properly register the foreign gifts when they came in. As I say, it’s like a Saturday Night Live skit.
You have Jonathan Turley who has said that the biggest initial hurdle that Alvin Bragg is gonna have to overcome is the statute of limitations on the use of a particular section of the code that that they’re trying to leverage to indict Trump. But the code says that there’s a statute of limitations of two years, but then if you can tie that particular offense to some federal offense, then it extends to five years.
The problem is that the document in question is more than six years old. And that doesn’t even matter when you think of what it really means is there’s zero question in my mind, zero question in my mind that the people in Washington signed off on Alvin Braggs, if he indicts Trump that this is a political prosecution that was approved by the powers in Washington.
And you have this expression, what goes around comes around. I’ve had discussions with people about what if Republicans get power. What if they treat Democrats the same way? And most of my response was, oh, that would not be good. That would not be good.
And then I asked him, I said how do you stop a bully from being a bully? Well, you punch ’em in the face.
And if they recognize it, that every time they’re a bully, they’re gonna get punched in the face. They’ll quit being a bully. I said, okay. I agree with that. And so now the question is if Republicans do regain power, and that’s an open question, and Republicans believe that the way the Democrats, the two-tiered system of justice that we have is akin to a bully on the playground. The question is how should Republicans respond. Historically, how Republicans have responded has not yielded a change in the direction of the country.
And that’s the great question here. No matter who is president, if Republicans are president we don’t go in the wrong direction at as a rapid speed as when Democrats are in power, but we still go in the wrong direction. We have an opportunity here to see what bullies do and we’ll see how we react.
Listen to today’s show highlights, including this Crommentary:
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Tune in weekdays from 5:00 – 8:00 a.m. to The Tennessee Star Report with Michael Patrick Leahy on Talk Radio 98.3 FM WLAC 1510. Listen online at iHeart Radio.
Photo “Janet Yellen” by Janet Yellen. Photo “Donald Trump” by Trump White House Archived. Photo “Alvin Bragg” by Alvin Bragg. Photo “Jonathan Turley” by MSNBC. CC BY 3.0. Background Photo “Silicon Valley Ban” by Coolcaesar. CC BY-SA 4.0.