“Home prices rose to a new high in June while the crucial spring sales season fizzled, signs that a housing-market recovery is unlikely in 2025,” the Wall Street Journal reports.
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Trump’s Epstein Denials Are Unconvincing
Jonathan Chait: “Imagine you were an elected official who discovered that an old friend had been running a sex-trafficking operation without your knowledge. You’d probably try very hard to make your innocence in the matter clear. You’d demand full transparency and answer any questions about your own involvement straightforwardly.”
“Donald Trump’s behavior regarding the Jeffrey Epstein case is… not that…”
“Perhaps Trump is simply so habituated to lying that he has no playbook for handling a matter in which he has nothing to hide. Or maybe, as seems more plausible by the day, he is acting guilty because he is.”
Senate Pulls Back on New Russia Sanctions
“President Trump’s threat to penalize Russia if it fails to reach a cease-fire with Ukraine has halted a bipartisan push in the Senate to impose harsh new sanctions on countries that do business with Moscow, effectively freezing an effort by Congress to apply overwhelming pressure on President Vladimir Putin,” the New York Times reports.
“The pause comes as Russia’s summer offensive against Ukraine is gaining ground and is the latest instance of the Republican-led Congress deferring to Mr. Trump even on matters on which lawmakers in both parties hold strong views.”
Bonus Quote of the Day
“It’s a great day to be me because I am not Donald Trump.”
— Stephen Colbert, on his show last night.
Tillis Calls on Trump to ‘Release the Damn Epstein Files’
Sen. Thom Tillis (R-NC) said the Trump administration should “release the damn” Jeffrey Epstein files as the best way to put the whole issue in the rear view, Axios reports.
Said Tillis: “It makes no sense to me. Either it’s a nothing burger… or it’s something really disturbing, and that’s actually even a more compelling reason to release it.”
White House Furious at All-Consuming Epstein Coverage
“President Donald Trump is angry. His team is exasperated. The Republican-controlled House is in near rebellion,” Politico reports.
“Trump and his closest allies thought they’d spend the summer taking a well-earned victory lap, having coaxed Congress into passing the megabill, bullied foreign governments into a slew of new trade arrangements, convinced NATO allies to spend billions more on collective defense and pressed world leaders to bow to various other demands from Doha to The Hague.”
“Instead, questions surrounding Jeffrey Epstein, the disgraced financier and convicted sex offender, who was found dead in his jail cell by suicide nearly six years ago, are overshadowing almost everything else.”
Said one person close to the White House: “POTUS is clearly furious. It’s the first time I’ve seen them sort of paralyzed.”
Trump Wants to Silence His Late Night Critics
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Trump v. Murdoch Is an Odd Battle of Titans
Jim Rutenberg: “The two are constrained by the thing that has kept them linked for a decade: their shared reliance on Fox News die-hards.”
However, Eriq Gardner notes “the defendants might welcome discovery — especially if it involves Epstein-related DOJ files.”
Thought of the Day
Aaron Rupar: “Trump blasts out conspiracy theories directly on social media and live on TV during press events carried by every cable network. Obama releases statements in the voice of his spokesperson through his office. Guess which method gets more attention?”
Gaza Aid Workers, Doctors, Journalists Risk Starvation
Dozens of international humanitarian organizations warned Israel’s blockade of aid into Gaza is endangering the lives of doctors and aid workers, while a major news agency says it is trying to evacuate its remaining freelance journalists because the situation has become “untenable,” CNN reports.
Associated Press: AFP journalists warn their “last reporters will die” working in current Gaza conditions.
The Democratic Pendulum
Paul Rosenzweig: “In this first year of his second term, President Donald Trump has claimed broad powers to unilaterally restructure much of how the U.S. government functions. Some of these assertions have gone completely unchallenged. Others have been litigated, and although lower courts have been skeptical of many of these efforts, the Supreme Court has been more approving. Trump has taken as much advantage of his new powers as he plausibly can, prosecuting his political enemies, firing independent agency heads, and dismantling federal agencies almost at a whim.”
“One salient question now is: When and if the Democrats return to power, how much of Trump’s damage can they undo? Let’s assume, for the moment, that the Supreme Court acts in good faith—that its views on presidential power are without partisan favor, and that it doesn’t arbitrarily invent carve-outs to rein in a Democratic president. What then?”
“Even with such (unlikely) parameters, the outcomes of this thought experiment suggest few opportunities for a Democratic president to make positive use of these novel presidential powers.”
Republicans Hope Voters Don’t Notice They Fled
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The Desperation of Donald Trump’s Posts
Charlie Warzel: “Summer weekends in America are good for lots of things: baseball games, cookouts, farmers’ markets, sipping a bev next to a lake. Or, if you’re President Donald Trump: crashing out on social media in hopes of distracting the nation from nonstop coverage of his long friendship with Jeffrey Epstein.”
“Trump is an inveterate poster, known for his erratic style and late-night tirades. But over the weekend, as the world refused to move on from his administration’s bizarre handling of the Epstein files—which has led segments of his base to completely melt down—Trump went on a posting spree that was alarming, even by his own standards.”
Silicon Valley’s Bet on Trump Starts to Pay Off
“Silicon Valley’s risky bet on President Donald Trump is starting to pay dividends,” the Washington Post reports.
“The White House on Wednesday plans to reveal how it will position the United States to lead a global race to develop artificial intelligence and unveil three executive orders intended to boost the American tech sector.”
“Together, the actions will facilitate exports of U.S. technologies and boost the build-out of data centers — advancing the agenda of executives and investors seeking to cash in on an AI gold rush.”
Trump Is Caught In a Web of His Own Making
Fast Company: “What happens when you spend decades seeding salacious stories about evil lurking in the halls of power, demanding evidence to prove basic truths, and questioning the veracity of that evidence once it’s presented?”
“Donald Trump is finding out.”
“Over the last week, the president has been trying to fight his way out of a web of his own creation, as some of his truest followers in MAGA world call for the full release of the government’s investigative files concerning convicted child sex offender Jeffrey Epstein. The outcry from Trump acolytes comes after the Department of Justice published a two-page memo earlier this month, stating that Epstein’s supposed “client list,” which Attorney General Pam Bondi previously said was on her desk, didn’t actually exist.”
Young Voters Turn on Trump
A new YouGov poll finds President Trump’s net approval with young people at -40, down from roughly even at the start of his term.
Losing by Winning
“President Trump, in terms of raw accomplishments, crushed his first six months in historic ways. Massive tax cuts. Record-low border crossings. Surging tariff revenue. Stunning air strikes in Iran. Modest inflation,” Axios reports.
“Yet poll after poll suggests most Americans aren’t impressed. In fact, they seem tired of all the winning.”
“Trump appears to be losing by winning. The more he does (including issues beyond his legislative wins), the more the general public, especially independents, shrug — or recoil.”
“This paradox is unfolding in what could be the very best chapter of his presidency, before tariffs push prices higher or midterms pose risks to his GOP majorities. And it’s being aggravated by the Jeffrey Epstein scandal, which has exposed rare cracks in Trump’s decade-old MAGA movement.”
Trump Claims He’ll Slash Drug Prices By 1400%
President Trump vowed to reduce drug prices by as much as 1400% – “a number which would require drug companies to pay Americans to take them,” Mediaite reports.
Said Trump: “We will have reduced drug prices by 1000%. By 1100, 1200, 1300, 1400, 700, 600. Not 30 or 40 or 50%, but numbers the likes of which you’ve never even dreamed of before.”
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