The Schaftlein Report

Guests Jeffrey Dunezt & Joe Visconti

1) Harriett Hagerman defeats Liz Cheney 64-32% in Wyoming Republican Primary 2) Sen. Lisa Murkowski (43%) and Kelly Tshibaka (40%) advance in Alaska Senate contest 3) Sarah Palin among 3 top candidates vying for House seat in Alaska 4) Merrick Garland approval rating at 36% after Raid 4A) Sen. Grassley wants answers on Clinton "kid gloves" treatment after Trump raid 4B) Independent voters are not buying an Impartial Justice Department 5) Border Crisis - 199K entered illegally in July. 44K more Got Away. 2000 pounds of fentanyl seized which could make 469M doses. 13K pounds of meth seized. 5A) Operation Lone Star leads to 18K criminal arrests including 15K felons 5B) NYC is housing illegal immigrants in upscale hotels after receiving busloads from Texas 6) United Kingdom sees highest Inflation in 40 years at 10.1% while mortgage demand in the U.S., hits a 22 year low 7) China conserves electricity by shutting down factories as a heat wave slows the economy to 0.4% growth for quarter ending 6-30. Zero Covid also a contributing factor. 8) Representative Val Demings leads Senator Marco Rubio by 4 in Florida? Internal polling does not reflect this but the race will be very tight.

1) Trump demands Affidavit be unsealed. Trump lawyer says Department of Justice opposes Independent Review of seized records. DOJ says No to unsealing affidavit. 1A) 3 Trump passports seized and returned 2) Inflation Enhancement Act provides up to a $7,500 credit for certain groups to by an EV. The average price is now $66K. Ford just raised prices by $8,000. 2A) Congressional Budget Office confirms people earning less than $200K WILL pay an extra $20B in taxes from the Inflation Enhancement Act. 2B) Biden to sign Inflation Enhancement Act today adding 87K IRS Agents - Did Biden represent this to you when he campaigned for President 3) Demand for oil and gas is back to Pre - pandemic levels while builders are slowing construction of new homes rapidly. 4) On the Culture War Front we have the following observations: A. A North Dakota School Board has voted to remove the words "Under God" in the Pledge of Allegiance B. A Minneapolis Teachers Union Agreement stipulates that White teachers will be laid off first regardless of seniority. C. A left wing publication Atlantic Magazine claims the Catholic Rosary is an "Extremist symbol" D. In a confusing statement, the CDC says people exposed to Covid - 19 no longer have to isolate? That's not what we have been told for 2 years. E. San Franciso reverses course and agrees to REFUND the police by $120M after DeFunding it by that amount last year. Predictably, crime soared. 5) Primary day in Alaska and Wyoming today 6) Ukraine bombs ammunition depot in Crimea multiple explosions

1) Everyone wants to know why it happened. 1A) Wild media speculation - Top Secret Information, Nuclear information, Charges 1B) Voter enthusiasm super high after raid on Republican side. Voters shocked by Raid. 1C) DOJ and FBI are political arms of the Democratic Party and act as Enforcers. 1D) Trump - "We need to bring down the temperature" 1E) 14 Whistleblowers have come forward to testify according to Jim Jordan 2) Trump has a wide lead among Primary voters and he is ahead of Biden in the General by 3-5 points 3) Arizona is building their own border wall as things have gotten out of hand 4) Florida bans Medicaid from covering Gender Affirming treatments - Great! 5) Congressional Delegation goes to Taiwan and China ramps up military drills. 6) U.S. missiles have been critical in aiding Ukraine 7) Because of Inflation, Social Security benefits may increase close to 10% further exploding the budget deficit. The average American is paying an extra $717 per month 8) Abbott leads O'Rourke by 7 -10 points in Texas 9) Alaska Primary is Tuesday with Murkowski and Palin on the ballot. 10) Wyoming is D-day for Liz Cheney against Harriet Hagerman 11) Afghanistan debacle is one year ago and the country is a disaster

1) Biden claims zero inflation which is not true. The inflation rate is running at 8.5%. The increase came in flat but that is little comfort to most Americans. Falling gas prices did help. 1A) The Producer Price Index was up 9.8% in July compared to July 2021, however it fell 0.5% from June. Falling gas prices were the main reason. Gas is now averaging $3.99 per gallon down from $5.01 55 days ago. 1C) The Strategic Petroleum Reserve which was at 638M barrels when Biden took office will be down to $384M barrels by 9-30. A 40% reduction. Capacity is 714M barrels. 1D) Jobless claims rise to 262K, highest in 8 months. We still have over 9.5M job openings in the country. 2) Federal government collected 4.1T in taxes during the first 10 months of the fiscal year. The government spent $4.8T leaving a deficit of $700B. Department of Health and Human Services spent $1.33T Social Security spent $1.06T Defense spent $590B 3) Republicans continue to demand answers from FBI Director Wray on the Trump raid. He remains silent. A judge has ordered the DOJ to respond to a request to unseal the Trump raid warrant. 3A) 77% of Republicans and 56% of Independents believe the Trump Raid was politically motivated. 4) Russian death toll of senior officers reaches 100 with over 10 Generals killed. They have suffered between 60K to 70K casualties of dead or wounded. 5) Plot uncovered to kill John Bolton and Mike Pompeo by Iranian. 6) Barnes versus Johnson in Wisconsin Senate race. Barnes is a radical leftist. 7) Fetterman versus Oz in Pennsylvania Senate race. Fetterman is a radical leftists. Get the pattern here. 8) I predict Bernie Sanders will run in 2024. Senator Joe Manchin approval rating declines 30 points after Inflation bill support.

1) Levy will face Richard Blumenthal who is seeking his third term. His approval rating is below 50%. Joe will provide inside information on how it happened and analyze the upcoming race in the fall. 1A) Trump endorsed candidates go 4 for 4 2) Joe Kent declared the winner in Washington District 8 for U. S. House, 2A) Omar barely wins Minnesota seat by 50-48% 3) Reuters has Biden at 40% approval rating, up 2 points since July. His disapproval is at 55%. The reason for the gain is a 9 point improvement among Democrats from 69% to 78%. 3A) The concern over Biden's mental health is as follows: Democrats 39% Republicans 82% Independents 56% 4) Fallout intensifies over Trump raid. Sen Josh Hawley calls for him to resign or be impeached. McConnell demands answers. 4A) Trump takes the 5th in NY AG probe. 5) Rep. Scott Perry of the Freedom Caucas has his cell phone seized by the FBI as part of the 1-6 investigation. Republicans are outraged and demand answers. 6) Consumer Price Index comes in at 8.5%, down from 9.1% last month. Airline tickets and gas prices drop lead the way. Rents and food remain elevated. Gas prices decline from $5.01 in June to $4.01 in July. Still up 44% year over year. 6A) Core CPI excluding food and energy came in at 5.9%. 390 basis points above the Federal Reserve target. 6B) The Federal Reserve is likely to win the battle with Inflation over time. But at what cost? Rates likely to be raised another 50 basis points at the September meeting. 7) Stocks rally and the VIX fear index falls to 20. It hit a peak of 35 in June. 8) DHS to end "Remain in Mexico policy" allowing asylum seekers to enter the U.S. This is a result of the recent Supreme Court ruling and the reversal of a U.S. District judges reversing his temporary ruling 9) Ukraine destroys 9 planes in Crimea expanding the war 10) Betting markets now have DeSantis at 23% and Trump at 20% for Republican nomination

1) Presidential Records Act of 1978 2) 15 Boxes Seized following orders from Attorney General Merrick Garland and FBI director Christopher Wray. Republicans demand they testify before the Judiciary committee 2A) Trump's safe broker into 3) Weaponization of FBI and Justice Department and a blatant abuse of power in Mar A Lago raid. Secret Service was notified. Biden apparently not notified? Pelosi heard chatter? 4) Dershowitz - "Should have issued a subpoena" 5) This illustrates the extent Democrats will abuse their power to stay in power. They must be defeated at the ballot box. 6) Pompeo - "FBI never touched Hillary's home". Double standard for Democrats 7) Joe Kent surges past Jamie Herrera Butler by 837 votes and is now projected to win according to Cook Political Report. She voted to impeach Trump 8) Biden struggles with cough during CHIPS Act ceremony 9) Tax increases in the Inflation bill include Natural gas, crude oil, coal, corporate 15%, stock buyback and an excise tax on drugs that do not adhere to government price controls plus 87K new IRS agents. 10) Leora Levy Senate Primary today in Connecticut with Trump's endorsement

1) Senate Parliamentarian gave the OK for Democrats Tax. Climate and Drug bill to proceed. After Amendments failed, the bill passed the Senate 50/50 along party line votes and Harris broke the tie. "Biden got credit for nothing" - Jonathan Karl ABC News. $450B in spending with Inflation running hot. Obamacare subsidies through 2024. 86K new IRS agents 15% corporate tax and an excise tax on gas Electric cars, fossil fuels and renewable energy are the big winners 2) 528K jobs created in July. The unemployment rate fell to 3.5%. Why do 70%of Americans believe the Economy is going to get worse? 3) Republicans chose Milwaukee as the site for their 2024 Convention. 4) Trump won CPAC straw poll by 69-24 over DeSantis. 4A) With no Trump in the race DeSantis gets 65%, Don Jr. 8%, Cruz 6% and Pompeo 5% . 5) Joe Kent has rallied to trail by only 257 votes with 89% of the votes cast in Washington 8 seat. 6) Gov Greg Abbott continues sending migrants to NYC and DC. 7) Crime has gotten so bad in NYC that 10 criminals have been arrested 500 times due to bail reform. What bail? Businesses are moving away from high crime blue cities with Soros back District Attorneys 8) Rasmussen has Biden at 45% approval. The Real Clear Politics average is 39.6% 8A) The Generic ballot has Republicans +3%. The RCP average is 0.1%. 9) Gov. Abbott of Texas continues with busing illegal immigrants to NYC which is a sanctuary city and residents are not happy 10) Consumer confidence in the housing market hits a 10 year low and Inflation expectations are 6.2% for the next year then 3.2% for the following 3 years.

1) Leora Levy background 2) Policy Positions - America First Economy, Inflation, Gas Prices Invasion at southern border Crime Education versus indoctrination 2nd Amendment rights Foreign Policy - Israel, Ukraine, China, Russia 2A) The Inflation Reduction Act 3) State of the Republican Primary Race running against 2 opponents 4) Richard Blumenthal (D) is below a 50% approval rating hovering around 45%. There is an opportunity to flip Connecticut from Blue to Red. Voters are NOT pleased with how Democrats are running the country