The Schaftlein Report

The Schaftlein Report | Government Spending as Usual. Guest - Jeffrey Dunetz 1) House passes Short term spending bill and paves the way fora $1.7T Omnibus bill to fund the government through 9-30-23. 1A) Sen. Rand Paul rails against the bill 3,000 pages nobody has read. 2) The Federal Reserve raises interest rates 50 basis points putting the Fed Funds rate in a range of 4.25% to 4.375% 2A) Federal...

1) Senate budget negotiators on verge of reaching massive spending deal to fund government through 2023. 1A) Efforts to freeze spending levels at this year levels blocked by Democrats and $16B in earmarks are included in the bill 2) McConnell pounds Trump as main cause of poor GOP performance in mid terms with advancing "lesser candidate quality" 2A) Support for Trump plummets among Republicans 3)...

1) Sam Bankman Fried arrested in the Bahamas at request of U.S. government. Multiple charges filed. 1A) House holds hearings with newly appointed FTX CEO John Ray as efforts begin to understand how the fraud occurred. 1B) SEC says fraud took place for years 2) CPI Index up .1% in November and 7.1% year over year, below forecast of 7.3%. 2A) Core CPI excluding food and energy up .2% and 6% yearly....

The Schaftlein Report | Senate Shake up 1) Sen. Sinema leaving the Democratic party - non committal on Biden support. 2) Twitter censuring of Conservatives spreads exposing numerous lies by Democrats. 2A) Rep. Rho Khana (D) agrees to Twitter censorship hearings. 3) St. Louis Mayor Tishauna Jones seeks reparations - seriously? 4) NYC to forcibly hospitalize homeless with mental illness - This is an...

Guest - Jeffrey Dunetz 1) Russia said no on Whelan but Biden and Blinkin secure Griner 1A) A marine is left in Russia while a celebrity is sent home. This is a tough look. Whelan family supports the decision. 2) Zelensky named Person of the Year by Time if that matters anymore - good selection 2A) Ukraine strikes deep inside Russia at bases launching attacks on Ukraine 3) Blackrock and Citibank wa...

1) 51.4% to 48.6% win in Run Off by 95K votes. When they had the General back in November Warnock bested Walker by 49.4 - 48.5 1A) Warnock gained 2 points while Walker gained only .1%. The marginal Republican base stayed home while Warnock voters turned out. 1B Democrats outpaced Republicans by 200K votes in pre-election day voting. 1C Polling was pretty accurate on this race. Insider Advantage na...

The Schaftlein Report | Walker/Warnock Race Brings Election 2022 to a Close Guest - Tom Amenta 1) Warnock favored by 3 in Run off polls show 2) House to repeal Vaxcine mandate for military service personnel 3) Biden visit to Arizona will not include Border visit. "More important thing sot deal with" He doesn't care about the 4M that have crossed. 4) McCarthy to McConnell - "No omnibus deal" for bu...

1) 263K jobs added in November. Unemployment rate holds at 3.7% 1A) B of A CEO Moynahan says wage growth needs to slow or there is a higher risk of wage price spiral which will further drive up inflation. 1C) European Union agrees to $60 a barrel price cap on Russian oil. Russia says it will not export oil. 1D) Wall street banks cutting bonus pools by 30% in precursor to recession 1E) Larry Summer...

1) Some Republicans say NO to huge spending bill and push for short term resolution. 1A) $45B added to military budget for 2023 to $847B 2) House committee obtains 6 years of Trump tax returns 3) Biden student loan deferral scheme cost taxpayers $5B per month. A 3 judge Federal Appeals Court unanimously reject Biden's plan. 4) Federal Reserve Chairman Powell says rate increases will slow to 50 bas...

1) Short term spending bill or long term? Military or discretionary spending. This is the debate on government funding bill. We'll dive into it. 1A) Biden wants to prioritize spending for Ukraine and Covid along with the Defense Authorization. 2) "Flat out lie" - Oil companies claim Biden is lying saying domestic oil production is discouraged in the U.S. citing 125 actions taken to reduce domestic...

1) Walker and Warnock tied in latest polling in Georgia Senate Race 2) Virginia Congressman Don McEachin has died leaving the House at 222-212. A new election will take place in 2023 to determine a new member. Appointments are not allowed. 2A) 5 Republicans are holding out against McCarthy for now but will likely work out a resolution so the Republican Party is united. 3) Glen Youngkin for Preside...

1) Following mass shootings, Biden want to ban semi - automatic weapons. The Senate says "No" 1A) In a typical holiday weekend, 28 shot and 5 fatally in Chicago. 2) Warnock out raising Walker 3-1 in GA run off. Holds small lead as voting starts. Who will turn out? 3) DeKalb county, GA homeowner kills one and wounds three as criminals tried to rob the owner. No charges filed. GOOD 4) Trump 2024 - R...

1) Incoming Speaker Kevin McCarthy has demanded action to secure our southern border demanding DHS Secretary Mayorkis resign for misrepresenting to congress the security status at the border. We agree 100%! If he does not resign, he will be Impeached by the new congress 2) Biden Administration extends student loan payments until 6-30-23 using covid as an excuse while the Supreme Court decides the...

1) David Valado (R) wins CA-22 and the Republicans now have a 220-213 advantage. 1A) Two races remain uncalled and the Republican is way ahead in one race and extremely close in the other. The final total will either be 221-214 or 222-213 Republican control. 2) Warnock leads Walker 51-47 in AARP poll. 88% of black voters going to Warnock. 61% of 18-49 year olds and 54% of Independents for Warnock....

1) Adam Frisch concedes to Lauren Boebert giving Republicans a 219-213 advantage in the House. Three seats still undecided in CA. Republicans lead in two of them. 1A) Lisa Murkowsky takes the lead in Alaska Rank Choice Voting scheme likely headed to win. 2) McCarthy vows to remove Eric Swalwell, Adam Schiff and Ilhan Omar from House committees. 3) Biden turned 80 this past weekend. 3A) Trump welco...

Schaftlein Report | How Big will the Republican House margin be? Guest - Drew Allen 1) Republicans are currently leading in 4 uncalled races. 3 are in CA and the Lauren Boebert race in Colorado 1A) 218 Seats secured. Likely final number is 221 or 222 which would be a 7 or 9 seat advantage. B) Pelosi announcement 2) GA Democrats sue to overturn State election law that no voting within 2 days of a h...

Schaftlein Report | Trump Announces 3rd Run at Presidency Guest - Jeffrey Dunetz 1) 61% of Republicans say he should run 1A) 47% support him, 33% support DeSantis 1B) VP Pence - "There will be better choices", National Review Editorial Board - "NO" 2) McConnell claims he will win today's Senate Leadership vote. We support him. 3) DeSantis receives standing ovation at Republican Governors meeting i...

1) 217 - 205 with 13 races not called. Democrats lead in 9 and Republicans in 4. 1A) Republicans meet today to to elect speaker designate. Kevin McCarthy against Andy Biggs 1B) Republicans need to figure out Mail in Voting. Florida they did. Elsewhere no so much. 2) Katie Hobbs defeats Kari Lake 50.4 to 49.6. Hobbs refused to debate. 3) Trump to make announcement tonight. He is upside down by 36 p...

1) No Incumbent Senators lost. Republicans outspent $68M to $35M in PA and $30M to $10M in AZ. 1A) Inflation was top issue by 31%, Abortion next at 27%, but top issue for Democrats by 66%. 1B) Republicans gained significantly with Latinos losing by 21 but that is a fain from 2018 where they were -40. Working class latinos broke toward Republicans 1C) 67% of voters do NOT want Biden to run in 2024...

  1) McCarthy in line to become speaker if Republicans hold on in the house. Current projection is 220-215. 2) Run off in Georgia. Walker got 200,000 less votes than Brian Kemp 2A) Arizona and Nevada Laxalt up 15K with 84% counted . Delayed Counting is insane and wrong. 3) Democrats captured Single women vote by 30 points with single women saying 68% cast their vote on abortion and won the demogra...

1) Governor Ron DeSantis +19 and Senator Marco Rubio +17 have huge wins in Florida. Dade and Palm Beach counties flip to Republican. $73M spent on Demings to lose hugely 2) Young voters propelled Fetterman in PA by 3 points in a total disaster for Republicans. 3) GA likely goes to run off as expected. Warnock has small lead. 3A) Nevada results not likely known until Saturday. Extremely close with...

  1) Joe Biden is at 39% approval in the Reuters - Ipsos poll on Election Day. Mainstream Media polls have him in the low to mid 40's 1A) In the CNN summary poll of 5 accredited firms, the Biden approval sits at 40% and 54% disapprove. We believe this is accurate. 1B) The final Generic Ballot has the GOP +2. This is very good news! 2) Prognostications: 1A) Larry Sabato Crystal Ball Senate 51-49 Ho...

1) 40M Early Votes - Enthusiasm gap tightens as many races too close to call. 1A) say the county is going in the wrong direction and 77% want significant changes. 1B) RCP predicts GOP picks up 3 senate seats and 31 House seats. 1C) Fox News projects 49-47 Senate with 4 undecided and 23 House seat pick up. 1D) Cook Political Report projects 18 House seats and 538 says 15 seats 2) Biden Approval at...

1) Biden delivers unhinged desperate speech which will accomplish nothing. He heads to Blue New Mexico, CA and Illinois to campaign. Odd strategy? 1A) Hillary Clinton delivers "Basket of Deplorable speech 2" "The consequences of voting Republican" These aging liberal losers will come back to haunt Democrats. 2) General Don Buldoc dodged attack by an individual prior to debate in which he won easil...

1. Biden now LYING about Social Security and Medicare in an effort to scare senior voters. Claims his son died in Iraq. He is NOT mentally competent top be President. 1A. His approval is at 37% in Quinipiac Poll. Republicans are +4 in Generic Ballot 2. PA court rules undated ballots will not be accepted. Finally common sense to election laws. 2A. Oz and Fetterman tied in Senate Race 47% each. 3. G...