Watch: Trump rises, Biden shaky :Why India should pay attention

The US election campaign takes a deadly turn- with Trump and his new Vice President choice surging in the polls after the assassination attempt, and pressure building on President Biden to step aside for another candidate- what are the major issues for voters, and what will decision 2024 in the US mean for India?

This week we are looking at the turmoil in America- with less than 4 months to election day, it seems nothing is certain, not even who the final candidate lineup may be

First- to the shocking assassination attempt on former US President Donald Trump as he was giving a speech in Pennsylvania. Pumping his fist as he was taken away from the stage, Trump was recast as an American hero, seeing a further bump in his ratings. Trump is the third US President to have been injured in an assassination attempt, four Presidents have been killed in the past

Second- Trump announced his Vice-Presidential candidate- JD Vance, author of Hillbilly Elegies, married to Usha Chilukuri , daughter of Indian immigrants. Vance was a never-trumper, now a US Senator, who endorsed Trump whole heartedly at the Republican National Convention this week

Finally, Trump was formally nominated at the RNC- he accepted, with a message of unity, which included a few swipes at the Biden administration

Across the political battlefield- the Democrats and President Joseph Biden have had compounding problems with the campaign

First, a disastrous Biden-Trump debate which sparked concerns about Biden’s frail health and grip on issues, which Biden sought to dispel

Followed by criticism over the Trump assassination bid and faulty security, even being blamed for instigating the assassin, who was actually a registered republican

And then, President Biden was hit by Covid, and had to quarantine right when he should have been out campaigning.

So if Trump is up, and Biden down, is he also out? Thats the big question- 

The triple whammy has convinced many senior democrats to push Biden to step down from the candidature which could happen quickly- who could take over? It could either be VP Pick Kamala Harris, or an open convention to select the new team anytime up to the DNC August 19-22.

Here are the latest polls then- as you can see when you scroll, it’s at present all red- with Trump up between 2 and 6 points.

What according to voters polled are the big issues?

1. Inflation and unemployment

2. Immigration

3. Access to abortion/ reproductive rights

4. Gun violence/Gun rights

5. Climate change/energy

6. Israel/Gaza*

7. Russia/Ukraine

8. Trade and Tariffs- China

9. Taxes

10. Crime figures

Impact on India – of those 10 issues, 5 have foreign policy implications, that could actually impact India

1. Trump’s promise of a crackdown on immigrant numbers and illegal aliens, closing the borders is likely to be of concern, as also the violence that anti-immigrant speech spurs.

2. Biden pushed for green energy, funding India’s renewable transition, whereas Trump, who walked out of the Paris accords last time around will push for more oil- in his words, drill, baby, drill

3. On Israel/Gaza, Trump will probably pay less heed to civilian casualties of Palestinians, but may push Israel more for a deal for a ceasefire, including with Saudi Arabia, as he did in the past, and get tougher on Iran- India watching closely what either can do to bring peace and actualize the IMEEC corridor

4. Biden has committed to funding Ukraine for as long as it takes, and taken a stern view of India-Russia ties and PM Modi’s Moscow visit, so a Trump win will be a relief for New Delhi, especially given the criticism from US Ambassador to India Eric Garcetti last week, about India and strategic autonomy

5. And on China, Trump policy is likely to be tougher on China when it comes to trade and tariffs, but perhaps not as hard on Taiwan and Chinese aggression in the South China Sea- judging by comments his Vice President nominee made recently. Trump revived the Quad, but Biden raised its profile, and given it is India’s turn to host the Quad summit next, New Delhi will be keen to see the new president visit here soon.

No mention of India in Trump’s RNC speech, but on 3 other issues, India will watch closely

6. Human Rights- Trump won’t push India on Human Rights issues the way the Biden administration has – religious freedom etc., although Trump is likely to be more intrusive on the issue of India’s cutting FCRA licenses to Christian charities that form his base.

7. Pannun case- While the trial in the Pannun case will go on regardless of who is in power, it is possible a Trump administration will be easier on the public messaging over transnational repression

8. Transfer of technology- Biden has committed to transferring technology to India without strings attached, whereas Trump might want to extract more assurances impose costs to the deal- as he has done in the past, even threatening sanctions over India’s oil imports from Iran, which the Modi government acceded to

WV Take:

The next few months will see more turmoil in the US elections- at a time the India-US relationship is seeing a slump of sorts, that isn’t good news, but no matter who wins the elections, there is ample opportunity to pick up ties, given that New Delhi has dealt well with both the Trump Administration as well as the Biden ones. All eyes now will be on whether there will be a new contender to deal with from the Democrats, and what their track record on foreign policy and India ties says.

WV Reading Recommendations:

On Trump and Biden:

The Last Politician: Inside Joe Biden’s White House and the Struggle for America’s Future by Franklin Foer

The Fight of His Life: Inside Joe Biden’s White House by Chris Whipple

PERIL by Bob Woodward, also Fear and Rage

All in the Family: The Trumps and How We Got This Way Hardcover – Import, 30 July 2024 by Fred C. Trump III

The Strategy of Denial: American Defense in an Age of Great Power Conflict by Elbridge A. Colby

The Internationalists: The Fight to Restore American Foreign Policy After Trump by Alexander Ward

On India-US ties:

Open Embrace: India-US Ties: India-US Ties in a Divided World by Varghese K. George

Friends with Benefits: The India-US Story by Seema Sirohi

A Matter Of Trust: India-US Relations from Truman to Trump by Meenakshi Ahamed

Script and Presentation: Suhasini Haidar

Production: Gayatri Menon and Shibu Narayan

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Crypto in the US 2024 Elections: Key Issues in the United States



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Baltimore bridge collapse | U.S. President Joe Biden approves $60mn aid; Governor Wes Moore warns of ‘very long road ahead’ for recovery

The largest crane on the Eastern Seaboard was being transported to Baltimore so crews on March 29 can begin removing the wreckage of a collapsed highway bridge that has halted a search for four workers still missing days after the disaster and blocked the city’s vital port from operating.

Maryland Gov. Wes Moore said the crane, which was arriving by barge and can lift up to 1,000 tons, will be one of at least two used to clear the channel of the twisted metal and concrete remains of the Francis Scott Key Bridge, and the cargo ship that hit it this week.

“The best minds in the world” are working on the plans for removal, Moore said. The U.S. Army Corps of Engineers for the Baltimore District told the governor that it and the Navy were mobilizing major resources from around the country at record speed to clear the channel.

“This is not just about Maryland,” Mr. Moore said. “This is about the nation’s economy. The port handles more cars and more farm equipment than any other port in America.”

Mr. Moore warned of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse.

“Meanwhile the U.S. Army Corps of Engineers was moving the largest crane on the Eastern Seaboard to help remove the wreckage of the bridge,” Mr. Moore said, so work to clear the channel and reopen the key shipping route can begin. The machine, which can lift up to 1,000 tonnes, was expected to arrive on Thursday evening, and U.S. Sen. Chris Van Hollen said a second crane with a 400-tonne capacity could arrive on Saturday.

“The State is “deeply grateful” for the federal funds and support,” Mr. Moore said at an evening news conference.

Mr. Moore promised on Thursday that “the best minds in the world” were working on plans to clear the debris, move the cargo ship that rammed into the bridge from the channel, recover the bodies of the four remaining workers presumed dead and investigate what went wrong.

“Government is working hand in hand with industry to investigate the area, including the wreck, and remove the ship,” said Mr. Moore, a Democrat, who said the quick aid is needed to “lay the foundation for a rapid recovery.” President Joe Biden has pledged the federal government would pay the full cost of rebuilding the bridge.

“This work is not going to take hours. This work is not going to take days. This work is not going to take weeks,” Mr. Moore said. “We have a very long road ahead of us.”

Van Hollen said 32 members of the Army Corps of Engineers are surveying the scene of the collapse and 38 Navy contractors are working on the salvage operation.

The devastation left behind after the powerless cargo ship struck a support pillar on Tuesday is extensive. Divers recovered the bodies of two men from a pickup truck in the Patapsco River near the bridge’s middle span on Wednesday, but officials said they have to start clearing the wreckage before anyone could reach the bodies of four other missing workers.

Crew of cargo ship that lost power and collided with bridge in Baltimore, U.S. are all Indian

State police have said that based on sonar scans, the vehicles appear to be encased in a “superstructure” of concrete and other debris.

National Transportation Safety Board officials boarded the ship, the Dali, to recover information from its electronics and paperwork and to interview the captain and crew members. Investigators shared a preliminary timeline of events before the crash, which federal and state officials have said appeared to be an accident.

“The best minds in the world are coming together to collect the information that we need to move forward with speed and safety in our response to this collapse,” Mr. Moore said on March 28.

Of the 21 crew members on the ship, 20 are from India, Randhir Jaiswal, the nation’s Foreign Ministry spokesperson, told reporters. One was slightly injured and needed stitches, but “all are in good shape and good health,” Mr. Jaiswal said.

“The victims, who were part of a construction crew fixing potholes on the bridge, were from Mexico, Guatemala, Honduras and El Salvador,” he said. “At least eight people initially went into the water when the ship struck the bridge column, and two of them were rescued Tuesday,” officials said.

The crash caused the bridge to break and fall into the water within seconds. Authorities had just enough time to stop vehicle traffic, but didn’t get a chance to alert the construction crew.

During the Baltimore Orioles’ opening day game on Thursday, Sgt. Paul Pastorek, Cpl. Jeremy Herbert and Officer Garry Kirts of the Maryland Transportation Authority were honoured for their actions in halting bridge traffic and preventing further loss of life.

The three said in a statement that they were “proud to carry out our duties as officers of this state to save the lives that we could.”

The Dali, which is managed by Synergy Marine Group, was headed from Baltimore to Sri Lanka. It is owned by Grace Ocean Private Limited and was chartered by Danish shipping giant Maersk. Synergy extended sympathies to the victims’ families in a statement on Thursday.

“We deeply regret this incident and the problems it has caused for the people of Baltimore and the region’s economy that relies on this vitally important port,” Synergy said, noting that it would continue to cooperate with investigators.

Scott Cowan, president of the International Longshoremen’s Association Local 333, said the union is scrambling to help its roughly 2,400 members whose jobs are at risk of drying up until shipping can resume in the Port of Baltimore. “If there’s no ships, there’s no work,” he said. “We’re doing everything we can.”

“The huge vessel, nearly as long as the Eiffel Tower is tall, was carrying nearly 4,700 shipping containers, 56 of them with hazardous materials inside. Fourteen of those were destroyed,” officials said. However, industrial hygienists who evaluated the contents identified them as perfumes and soaps, according to the Key Bridge Joint Information Center.

“There was no immediate threat to the environment,” the centre said. About 21 gallons (80 litres) of oil from a bow thruster on the ship is believed to have caused a sheen in the waterway, Coast Guard Rear Adm. Shannon Gilreath said on Thursday.

Booms were placed to prevent any spreading, and state environmental officials were sampling the water. At the moment there are also cargo containers hanging dangerously off the side of the ship, Gilreath said, adding, “We’re trying to keep our first responders … as safe as possible.”

Divers sent to work beneath the bridge debris and container ship will encounter challenging conditions, including limited visibility and moving currents, according to officials and expert observers.

“Debris can be dangerous, especially when you can’t see what’s right in front of you,” said Donald Gibbons, an instructor with the Eastern Atlantic States Carpenters Technical Centers.

The sudden loss of a highway that carries 30,000 vehicles a day and the port disruption will affect not only thousands of dockworkers and commuters but also U.S. consumers, who are likely to feel the impact of shipping delays.

The governors of New York and New Jersey offered to take on cargo shipments that have been disrupted, to try to minimise supply chain problems.

Transportation Secretary Pete Buttigieg, who met on Thursday with supply chain officials, has said the Biden administration was focussed on reopening the port and rebuilding the bridge, but he did not put a timeline on those efforts. From 1960 to 2015, there were 35 major bridge collapses worldwide due to ship or barge collisions, according to the World Association for Waterborne Transport Infrastructure.

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Joe Biden, Benjamin Netanyahu have finally talked, but their visions still clash for ending Israel-Hamas war

U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu finally spoke on January 19 after a glaring, nearly four-week gap in direct communication during which fundamental differences have come into focus over a possible pathway to Palestinian statehood once the fighting in Gaza ends.

Mr. Biden and his top aides have all but smothered Mr. Netanyahu with robust support, even in the face of global condemnation over the mounting civilian death toll and humanitarian suffering in Gaza as the Israelis have carried out military operations in the aftermath of the October 7 attack on Israel.

But the leaders’ relationship has increasingly shown signs of strain as Mr. Netanyahu has repeatedly rebuffed Mr. Biden’s calls for Palestinian sovereignty, gumming us what the U.S. President believes is the key to unlocking a durable peace in the Middle East — the oft-cited, elusive two-state solution. Neither side shows signs of budging.

Friday’s phone call came one day after Mr. Netanyahu said that he has told U.S. officials in plain terms that he will not support a Palestinian state as part of any post-war plan. Mr. Biden, for his part, in Friday’s call reaffirmed his commitment to work toward helping the Palestinians move toward statehood.

“As we’re talking about post-conflict Gaza … you can’t do that without also talking about the aspirations of the Palestinian people and what that needs to look like for them,” said National Security Council spokesman John Kirby.

The leaders spoke frequently in the first weeks of the war. But the regular cadence of calls between Mr. Biden and Mr. Netanyahu, who have had a hot-and-cold relationship for over three decades, has slowed considerably. Their 30- to 40-minute call on Friday was their first conversation since December 23. Both sides are hemmed in by domestic political considerations.

The chasm between Mr. Biden, a centre-left Democrat and Mr. Netanyahu, who leads the most conservative government in Israel’s history, has expanded as pressure mounts on the United States to use its considerable leverage to press Israel to wind down a war that has already killed nearly 25,000 Palestinians.

There is also growing impatience with Mr. Netanyahu in Israel over the lack of progress in freeing dozens of hostages still held by Islamic militants in Gaza.

“There is certainly a reason to be concerned,” says Eytan Gilboa, an expert on U.S.-Israeli relations at Israel’s Bar-Ilan University, “The more and more we see political considerations dominating the relationship between Mr. Biden and Mr. Netanyahu, which is likely to continue because of the upcoming Presidential election and the weakness of both leaders, the more we will see them pulling apart.”

In their most recent calls, Mr. Biden’s frustration with Mr. Netanyahu has grown more evident, even though the U.S. leader has been careful to reaffirm his support for Israel at each step, according to U.S. officials who requested anonymity to discuss the leaders’ private interactions.

Yet, Mr. Biden, at least publicly, has not given up on the idea of winning over Mr. Netanyahu. Asked by a reporter on Friday if a two-state solution is impossible while Mr. Netanyahu is in office, Mr. Biden replied, “No, it’s not.”

Aides insist Mr. Biden understands the political box Mr. Netanyahu finds himself in with his hard-right coalition and as he deals with ongoing corruption charges that have left the Prime Minister fighting for his freedom, not just his political future.

Mr. Biden, meanwhile, faces American voters in November, in a likely rematch with former President Donald Trump. Netanyahu and Trump forged a close relationship during the Republican’s term in office. Mr. Biden faces criticism from some on his left who believe he hasn’t pushed the Israelis hard enough to demonstrate restraint as it carries out military operations.

Key Democratic lawmakers, including Massachusetts Sen. Elizabeth Warren and Connecticut Sen. Chris Murphy, this week warned that Mr. Netanyahu’s position on statehood could complicate negotiations in the Senate on a spending package that includes military aid for Israel.

Expect Mr. Netanyahu to “use every trick that he has to keep his coalition together and avoid elections and play out the clock,” said Michael Koplow, chief policy officer at the Israel Policy Forum. ”And I’m sure that part of it is a conviction that if he waits until November, he may end up with Donald Trump back in the Oval Office.”

In recent weeks, some of the more difficult conversations have been left to Ron Dermer, a top aide to Mr. Netanyahu and former Israeli ambassador to the U.S., and Mr. Biden’s national security adviser, Jake Sullivan. The two top aides talk almost daily — sometimes multiple times during a day, according to a U.S. official and an Israeli official, who were not authorised to comment publicly and spoke on the condition of anonymity.

Other senior Biden administration officials including Secretary of State Antony Blinken and Defence Secretary Lloyd Austin, as well as senior advisers Brett McGurk and Amos Hochstein, have been at the forefront of the administration’s push to engage the Israelis and other Middle East allies as the Biden-Netanyahu dialogue has become less constructive.

Mr. Netanyahu, who has opposed calls for a two-state solution throughout his political career, told reporters this week that he flatly told U.S. officials he remains opposed to any post-war plan that includes establishment of a Palestinian state.

The Prime Minister’s latest rejection of Mr. Biden’s push in that direction came after Mr. Blinken this week said at the World Economic Forum in Davos that Israel and its Middle East neighbours had “a profound opportunity” to solve the generational Israel-Palestinian conflict. Asked if he thought Mr. Netanyahu was up to making the most of the moment, Mr. Blinken demurred.

“Look, these are decisions for Israelis to make,” Mr. Blinken said. “This is a profound decision for the country as a whole to make: What direction does it want to take? Does it see — can it seize — the opportunity that we believe is there?”

The Biden-Netanyahu relationship has seen no shortage of peaks and valleys over the years. As vice-president, Mr. Biden privately criticised Mr. Netanyahu after the the Israeli leader embarrassed President Barack Obama by approving the construction of 1,600 new apartments in disputed East Jerusalem in the middle of Biden’s 2010 visit to Israel.

Mr. Netanyahu publicly resisted, before eventually relenting to Mr. Biden’s calls on the Israelis to wind down a May 2021 military operation in Gaza. And in late 2019, during a question and answer session with voters on the campaign trail, Mr. Biden called Mr. Netanyahu an “extreme right” leader.

The path to a two-state solution — one in which Israel would co-exist with an independent Palestinian state — has eluded U.S. presidents and Middle East diplomats for decades.

But as the war grinds on, Mr. Biden and his team have pressed the notion that there is a new dynamic in the Middle East in which Israel’s Arab and Muslim neighbours stand ready to integrate Israel into the region once the war ends, but only if Israel commits to a pathway to a Palestinian state.

Mr. Biden has proposed that a “revitalised” Palestinian Authority, which is based in the West Bank, could run Gaza once combat ends. Mr. Netanyahu has roundly rejected the idea of putting the Palestinian Authority, which is beset by corruption, in charge of the territory.

Mr. Netanyahu argues that a Palestinian state would become a launchpad for attacks on Israel. So Israel “must have security control over the entire territory west of the Jordan River,” Mr. Netanyahu said. “That collides with the idea of sovereignty. What can we do?”

White House officials have sought to play down Mr. Netanyahu’s public rejection of Mr. Biden’s call for a two-state solution, noting that the Prime Minister’s rhetoric is not new.

They hold out hope Israel could eventually come around to accepting a Palestinian state that comes with strong security guarantees for Israel.

“I don’t think Mr. Biden has any illusions about Netanyahu,” said Daniel Kurtzer, who served as U.S. Ambassador to Egypt during the Bill Clinton administration and to Israel under George W. Bush. “But I don’t think he’s ready to slam the door on him. And that’s because he gets the intersection between the policy and the politics.”

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Biden issues an executive order restricting U.S. investments in Chinese technology

President Joe Biden signed an executive order on August 9 to block and regulate high-tech U.S.-based investments going toward China— a move the administration said was targeted even though it reflected an intensifying competition between the world’s two biggest powers.

The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that the effort stemmed from national security goals rather than economic interests, and that the categories it covered were intentionally narrow in scope. The order seeks to blunt China’s ability to use U.S. investments in its technology companies to upgrade its military while also preserving broader levels of trade that are vital for both nations’ economies.

The United States and China appear to be increasingly locked in a geopolitical competition with a conflicting set of values. Biden administration officials have insisted that they have no interest in “decoupling” from China, yet the U.S. also has limited the export of advanced computer chips and kept the expanded tariffs set up by President Donald Trump. China has engaged in crackdowns on foreign companies.

Mr. Biden has suggested that China’s economy is struggling and its global ambitions have been tempered as the U.S. has reenergized its alliances with Japan, South Korea, Australia and the European Union. The administration consulted with allies and industry in shaping the executive order.

“Worry about China, but don’t worry about China,” Mr. Biden told donors at a June fundraising event in California.

The officials previewing the order said that China has exploited U.S. investments to support the development of weapons and modernize its military. The new limits were tailored not to disrupt China’s economy, but they would complement the export controls on advanced computer chips from last year that led to pushback by Chinese officials. The Treasury Department, which would monitor the investments, will announce a proposed rulemaking with definitions that would conform to the presidential order and go through a public comment process.

The goals of the order would be to have investors notify the U.S. government about certain types of transactions with China as well as to place prohibitions on some investments. Officials said the order is focused on areas such as private equity, venture capital and joint partnerships in which the investments could possibly give countries of concern such as China additional knowledge and military capabilities.

J. Philip Ludvigson, a lawyer and former Treasury official, said the order was an initial framework that could be expanded over time.

“The executive order issued today really represents the start of a conversation between the U.S. government and industry regarding the details of the ultimate screening regime,” Mr. Ludvigson said. “While the executive order is limited initially to semiconductors and microelectronics, quantum information technologies, and artificial intelligence, it explicitly provides for a future broadening to other sectors.”

The issue is also a bipartisan priority. In July by a vote of 91-6, the Senate added as an amendment to the National Defense Authorization Act requirements to monitor and limit investments in countries of concern, including China.

Yet the reaction to Mr. Biden’s order on August 9 showed a desire to push harder on China. Rep. Raja Krishnamoorthi, D-Ill., said the order was an “essential step forward,” but it “cannot be the final step.” Republican presidential candidate Nikki Haley, a former U.S. ambassador to the United Nations, said Mr. Biden should been more aggressive, saying, “We have to stop all U.S. investment in China’s critical technology and military companies — period.”

Mr. Biden has called Chinese President Xi Jinping a “dictator” in the aftermath of the U.S. shooting down a spy balloon from China that floated over the United States. Taiwan’s status has been a source of tension, with Mr. Biden saying that China had become coercive regarding its independence.

China has supported Russia after its 2022 invasion of Ukraine, though Mr. Biden has noted that the friendship has not extended to the shipment of weapons.

U.S. officials have long signaled the coming executive order on investing in China, but it’s unclear whether financial markets will regard it as a tapered step or a continued escalation of tensions at a fragile moment.

“The message it sends to the market may be far more decisive,” said Elaine Dezenski, a senior director at the Foundation for Defense of Democracies. “U.S. and multinational companies are already reexamining the risks of investing in China. Beijing’s so-called ‘national security’ and ‘anti-espionage’ laws that curb routine and necessary corporate due diligence and compliance were already having a chilling effect on U.S. foreign direct investment. That chilling now risks turning into a deep freeze.”

China ‘gravely’ concerned about US order on foreign investment

China’s Commerce Ministry said it is “gravely concerned” about the United States’ signing of an executive order that will prohibit some new U.S. investment in China in sensitive technology, and said it reserves the right to take measures.

It said it hopes the U.S. will respect the laws of the market economy and the principle of fair competition, and refrain from “artificially hindering global economic and trade exchanges and cooperation”.

China’s strong economic growth has stumbled coming out of pandemic lockdowns. On August 9 its National Bureau of Statistics reported a 0.3% decline in consumer prices in July from a year ago. That level of deflation points to a lack of consumer demand in China that could hamper growth.

Separately, foreign direct investment into China fell 89% from a year earlier in the second quarter of this year to $4.9 billion, according to data released by the State Administration of Foreign Exchange.

Most foreign investment is believed to be brought in by Chinese companies and disguised as foreign money to get tax breaks and other benefits, according to Chinese researchers.

However, foreign business groups say global companies also are shifting investment plans to other economies.

Foreign companies have lost confidence in China following tighter security controls and a lack of action on reform promises. Calls by Xi and other leaders for more economic self-reliance have left investors uneasy about their future in the state-dominated economy.

(With inputs from Reuters)

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Here’s How Much Mike Pence Is Worth

Government pensions made the former vice president a millionaire in 2019, but he really cashed in after the 2020 election forced him back into the private sector.


It took Mike Pence nearly two decades of government service to become a millionaire on taxpayers’ dime through his state and federal pensions in 2019–and less than three years to quadruple his fortune as a public speaker, writer and consultant after leaving the vice presidency in January 2021. The 64-year-old darling of conservative evangelicals, who published his memoir “So Help Me God” last November, is wealthier (and more liquid) than he’s ever been, worth an estimated $4 million, according to Forbes’ estimates.

From the start of 2022 to June 2023, Pence generated $3.4 million by delivering 32 paid speeches, talking to a variety of groups, including an international peace organization, an oil and gas group and a smattering of universities. He collected another $1.4 million in advance payments for his book over the same period. His wife, Karen, received $75,000 in advance payments for her book, “When It’s Your Turn To Serve.” The Pences used some of their newfound cash to enjoy life outside of the White House, paying $1.9 million for a home in Indiana. But they saved plenty, too, buying stock in blue-chip names like Apple, Pfizer, Chevron and Lockheed Martin, before concentrating their portfolio in broad-based funds as a presidential run approached.

The son of a Korean War veteran who helped build Kiel Bros. Oil Co., an Indiana gas station and convenience store chain with more than 200 locations at its peak, Mike Pence graduated from Indiana University’s law school in 1986. He passed on a job at his family’s business, instead mounting unsuccessful campaigns for Congress in 1988 and 1990 and briefly working at a small law firm. Pence’s second congressional campaign erupted in scandal after he used political donations to cover a mortgage, credit card and grocery bills. “I’m not embarrassed that I need to make a living,” he told the press at the time. Such personal spending was legal then (though it has since been banned) but proved unpopular with voters.


Pence’s Portfolio

As vice president, Mike Pence’s fortune was almost entirely locked up in government pensions. Out of office, he has quadrupled his net worth to $4 million, scooped up a mansion in Indiana and expanded his exposure to the stock market.


Over the next decade, Pence reinvented himself as a local radio star, billed as “Rush Limbaugh on decaf,” making him a minor celebrity in the conservative Midwest and helping propel him into Congress on his third attempt in 2000. Still, the U.S. representative from Indiana remained one the Capitol’s poorer members, with few assets to his name besides stock in his family’s Kiel Bros.—worth somewhere between $200,000 and $450,000, according to a financial disclosure report he filed with the federal government in 2004. The company, which his brother Greg had taken over, filed for bankruptcy the next year.

Pence had a safety net. In 2006, he hit his fifth year of federal service, making him eligible for the especially generous retirement package afforded to members of Congress and their staffers. In 2012, Pence voted to scale back such retirement packages for future congressmen, but a grandfather clause written into the new legislation left his pension, and those of older lawmakers, untouched. “They’re almost twice as valuable as a regular federal pension,” Tim Voit, a financial analyst who runs a firm specializing in pensions told Forbes in 2019. “Congress passes laws for their own benefit, and they’ll never shortchange themselves.”

Between the 12 years Pence served in the House through 2012 and his four years as vice president beginning in 2017, he is currently eligible to collect an estimated $62,750 per year from the federal government for the rest of his life. If he were able to sell that annuity today, he could get about $620,000 for it, down only slightly from around $700,000 in 2019, with two years of additional service as vice president offset by the impact of interest rate hikes.

Then there’s Pence’s state pension, the result of his four years as governor of Indiana through 2016, which entitles him to 40% of his final salary of $112,000 for the rest of his life. That’s assuming Pence, who received a salary of $230,700 during each of his four years as vice president before really raking it in as a private citizen, waits to start drawing benefits until he turns 65 next year. The Indiana pension is worth an estimated $430,000 today–down only slightly from a half million or so in 2019. A spokesperson for Pence did not respond to requests for comment on this story.

Pence’s pensions are still worth a lot to the former vice president, accounting for nearly a quarter of his estimated $4 million fortune, or $1.1 million combined. But they’re not his only real assets anymore. The millions he earned writing, speaking and consulting after leaving the White House likely helped Pence pay off the five student loans he received to help put his three children through college, which had somewhere between $100,000 and $250,000 of principal remaining on them when he departed the White House, according to a financial disclosure he filed in January 2021.

Pence’s recent cash infusion will also make it easier to pay down the $1.5 million mortgage he took out to purchase a five-acre estate in his hometown of Columbus, Indiana shortly after leaving the vice president’s official residence at the U.S. Naval Observatory in January 2021. Forbes estimates that Pence’s new property, apparently the first he has owned since moving into the Indiana Governor’s Mansion in 2013, is now worth $1 million, after deducting the remaining balance on his 30-year mortgage.

Pence also owns shares in four mutual funds worth between $95,000 and $250,000 combined through his 401(k) plan at Hoosier Heartland LLC, the entity through which he conducts his speaking, writing and consulting. Hoosier Heartland has paid him $381,000 in salary since the beginning of 2022, according to his most recent financial disclosure. Two of his larger holdings today are a money market account and a Fidelity index fund that tracks the broader market, in which he has somewhere between $500,000 and $1 million apiece. To top things off, Pence has a life insurance policy valued somewhere between $15,000 and $50,000, and as much as $15,000 of cash in the bank.

The last two and a half years as a private citizen have been far more lucrative for Pence than his 20 years in public service. But he could make even more in the wake of a presidency, if he’s able to upset both his former boss, Donald Trump, and the man whose election he certified, Joe Biden.

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#Heres #Mike #Pence #Worth

Biden’s DHS BUSTED weaponizing anti-terrorism program against conservatives (damning thread)

Nothing to see here, just the DHS targeting conservatives as terrorists. Ok, so none of us is surprised to see this happening under Biden (heck, his boss was the first to master the weaponization of agencies against those he disagreed with), but when you see it in a thread like this in black and white?

They never thought they’d get caught.

That, or they didn’t care if they got caught.

Either way, this is a huge red flag (yay, another one!)

$39.6 million tax dollars to target people politically.

Good times.

Hundreds of thousands of dollars to go after Republicans.

We paid for this, you guys.

Anti-terrorism.

Hey, they keep saying the biggest threat to the country is domestic terrorism and parents, right?

Illegal.

And getting paid by the government to do it.

Gross, right?

Keep going.

Celebrated silencing people they disagree with.

THAT is who and what our current federal government is.

Cripes.

Again, using our tax dollars to say these things.

Trump tried to kill millions, DeSantis wants another Holocaust …

Are you kidding us with this crap?

Of course not.

That violence was done in the name of love or something. Those buildings they burned down were totally racist!

The only actual authoritarian, Joe Biden.

Cute.

We’d say this is unbelievable but sadly under this disaster of a president, it’s all too believable.

***

Related:

DAMN son! Matt Walsh takes ‘spineless, lying FRAUD’ Ben Collins to the woodshed in BRUTAL back and forth

Leave kids ALONE! Self-proclaimed super pro-choice Lefty explains why she’s considering voting Republican

BOO and YAH: Seth Dillon’s mini-thread about women being the ones to END wokeness kicks SO MUCH a*s

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#Bidens #DHS #BUSTED #weaponizing #antiterrorism #program #conservatives #damning #thread

DeSantis admin secures BIG win against Biden and Democrats are seething

Last night at midnight, Title 42, a rule put into place during the Covid era restricting illegal immigration, was set to end. The Biden administration chose to end Title 42 opening the door for a huge influx of new migrants at our southern border. The border is already in crisis, and the end of Title 42 will only exacerbate what is already a human rights disaster. Right before Title 42 was set to expire, the DeSantis administration was victorious in securing an injunction against a policy allowing migrants to be set free without a court date.

Any time the Biden administration is unhappy, something wonderful probably just happened for regular Americans.

Ashley Moody, the Attorney General of Florida sued the Biden Administration and secured this tremendous victory. Celebration broke out on Twitter upon hearing the news.

Thankfully, there are state-level legislators and attorneys willing to fight Biden’s illegal orders with the power of the courts.

The Biden administration has decided to enact rules and regulations and dare states to sue them. It’s shameful to see a presidential administration acting with lawless intent and forcing lawsuits to restrain them.

While tweeps were thankful to Ashley Moody and the DeSantis administration, many wondered why their own Republican state officials are not also fighting back against this feckless Biden administration.

Other tweeps noted this was a good first step, but we need cooperation from other countries to truly make a lasting impact on the illegal immigration issue.

Whenever there is bad news for the lawless Biden administration, corporate media seems to get a frog in their throat. It’s so very strange.

There is no doubt the border is a huge mess and this is only one battle in a war it will take all legislators of good conscience to solve.

*****

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#DeSantis #admin #secures #BIG #win #Biden #Democrats #seething

Biden’s rebuke of a bold, reform-minded crime law makes all Americans less safe

President Joe Biden’s support for a Republican-led effort to nullify the Washington D.C. City Council’s revision of its criminal code, signed into law on Monday, plays into the fear narrative that is being increasingly advanced across the U.S.

Biden could have used his platform and clout to clarify the actual substance of the carefully crafted District of Columbia proposal — and adhere to his campaign commitment to reduce the number of incarcerated Americans.

Instead, the president ignored the glaring problems in D.C.’s existing criminal code, which the 275-page long package of revisions was designed to address. This included reforming the draconian and inflexible sentencing requirements that have swelled the District’s incarceration rate and wasted countless resources imprisoning individuals who pose no danger to public safety. By rejecting this decade-plus effort, the president decided that D.C. residents have no right to determine for themselves how to fix these problems.

There are communities across the U.S. that see virtually no violent crime, and it isn’t because they’re the most policed.

Biden’s decision is the latest backlash to U.S. justice reform coming from both sides of the political aisle.

Instead of doubling down on failed tough-on-crime tactics, Americans need to come together to articulate and invest in a new vision of public safety. We already know what that looks like because there are communities across the country which see virtually no violent crime, and it isn’t because they’re the most policed.

Safe communities are places where people (even those facing economic distress) are housed, where schools have the resources to teach all children, where the water and air are clean, where families have access to good-paying jobs and comprehensive healthcare, and where those who are struggling are given a hand, not a handcuff.

This is the kind of community every American deserves to live in, but that future is only possible if we shift resources from carceral responses to communities and shift our mindset from punishment to prevention. 

Too often it’s easier to advocate for locking people up than it is to innovate and advance a new vision for public safety. 

In the wake of particularly traumatic years, as well as growing divisiveness that has politicized criminal justice reform, it is not surprising that many people believe their communities are less safe. While public perceptions of crime have long been disconnected from actual crime rates and can be heavily influenced by media coverage, the data tells a mixed story. Homicide rates did increase in both urban and rural areas in the wake of the COVID-19 pandemic and record levels of gun sales.

While early available data suggests these numbers are trending down, it’s too soon to tell, especially given the nation’s poor crime data infrastructure. What is clear is that there is no evidence that criminal justice reform is to blame for rising crime, despite well-funded attempts by those resistant to change and who are intent on driving a political agenda to make such a claim stick. 

Yet fear often obscures facts; people are scared for their safety and want reassurance. Too often it’s easier to advocate for locking people up than it is to innovate and advance a new vision for public safety. 

We need leaders who can govern with both empathy and integrity – who can provide genuine compassion to those who feel scared while also following the data about how to create safer communities. And all the data points to the need for reform. 

Mass incarceration costs U.S. taxpayers an estimated $1 trillion annually.

Mass incarceration costs U.S. taxpayers an estimated $1 trillion annually, when you factor in not only the cost of confinement but also the crushing toll placed on incarcerated people and their families, children, and communities. Despite this staggering figure, there’s no real evidence that incarceration works, and in fact some evidence to suggest it actually makes people more likely to commit future crimes. Yet we keep pouring more and more taxpayer dollars into this short-sighted solution that, instead of preventing harm, only delays and compounds it. 

We have to stop pretending that reform is the real threat to public safety and recognize how our over-reliance on incarceration actually makes us less safe. 

Reform and public safety go hand in hand. Commonsense changes including reforming cash bail, revisiting extreme sentences and diverting people from the criminal legal system have all been shown to have positive effects on individuals and communities.

At a time of record-low clearance rates nationwide and staffing challenges in police departments and prosecutor’s offices, arresting and prosecuting people for low-level offenses that do not impact public safety can actually make us less safe by directing resources away from solving serious crimes and creating collateral consequences for people that make it harder to escape cycles of poverty and crime. 

Yet, tough-on-crime proponents repeatedly misrepresent justice reform by claiming that reformers are simply letting people who commit crimes off the hook. Nothing could be further from the truth. Reform does not mean a lack of accountability, but rather a more effective version of accountability for everyone involved. 

Our traditional criminal legal system has failed victims time and again. In a 2022 survey of crime survivors, just 8% said that the justice system was very helpful in navigating the legal process and being connected to services. Many said they didn’t even report the crime because of distrust of the system. 

When asked what they want, many crime survivors express a fundamental desire to ensure that the person who caused them harm doesn’t hurt them or anyone else ever again. But status quo approaches aren’t providing that. The best available data shows that 7 in 10 people released from prison in 2012 were rearrested within five years. Perhaps that’s why crime victims support alternatives to traditional prosecution and incarceration by large margins. 

For example, in New York City, Common Justice offered the first alternative-to-incarceration program in the country focused on violent felonies in adult courts. When given the option, 90% of eligible victims chose to participate in a restorative justice program through Common Justice over incarcerating the person who harmed them. Just 7% of participants have been terminated from the program for committing a new crime. 

A restorative justice program launched by former San Francisco District Attorney George Gascón for youth facing serious felony charges was shown to reduce participants’ likelihood of rearrest by 44 percent within six months compared to youth who went through the traditional juvenile justice system, and the effects were still notable even four years after the initial offer to participate.

Multnomah County District Attorney Mike Schmidt launched a groundbreaking program last year to allow people convicted of violent offenses to avoid prison time if they commit to behavioral health treatment. As of January, just one of 60 participants had been rearrested for a misdemeanor. 

While too many politicians give lip service to reform, those who really care about justice are doing the work, regardless of electoral consequences. We need more bold, innovative leaders willing to rethink how we achieve safety and accountability, not those who go where the wind blows and spread misinformation for political gain. 

Fear should not cause us to repeat the mistakes of the past. When politicians finally decide to care more about protecting people than protecting their own power, only then will we finally achieve the safety that all communities deserve. 

Miriam Aroni Krinsky is the executive director of Fair and Just Prosecution, a former federal prosecutor, and the author of Change from Within: Reimagining the 21st-Century Prosecutor. Alyssa Kress is the communications director of Fair and Just Prosecution.  

More: Wrongful convictions cost American taxpayers hundreds of millions of dollars a year. Wrongdoing prosecutors must be held accountable.

Plus: Senate votes to block D.C. crime laws, with Biden’s support

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#Bidens #rebuke #bold #reformminded #crime #law #Americans #safe

Dom Lucre takes a stroll down Biden’s RACIST AF memory lane in receipt-filled, MERCILESS thread

Dom Lucre strikes again! He’s still trolling the Left like crazy with these quite frankly epic threads … we keep thinking someone on the Left will figure out they SHOULDN’T share his threads based on the first tweet alone but they haven’t.

Then again, this is the Left we’re talking about.

This one may be our fave so far as Dom took a stroll down Biden’s RACIST AF memory lane.

Take a gander:

Biden is the best president for African Americans!

HA HA HA HA HA

This guy has never really had much hair … oh, and he’s a racist tool.

Just sayin’.

Keep going.

Byrd is the best proof that the parties did NOT magically switch places.

Sorry, Democrats.

We see you.

Eeeek.

And Biden couldn’t have that.

But we were told anyone supporting private schools for kids stuck in crappy districts with crappier union teachers is evil or something?

Awful.

High-Tech Lynching.

How can people not remember this crap?

This this this. ^

Remember Hillary calling young black men, ‘super predators’?

We do.

Shocker.

His own VP accused him of being a racist.

Heh.

But it’s ok now since he gave her a job.

The parties never switched places, folks.

And tigers never really change their stripes.

***

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Chinese state media claims a UFO is over THEIR country too (no, really!) but ain’t NOBODY buyin’ it

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#Dom #Lucre #takes #stroll #Bidens #RACIST #memory #lane #receiptfilled #MERCILESS #thread