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Stock Market Tumbles as White House Downplays ‘Blips’

March 10, 2025 at 4:11 pm EDT By Taegan Goddard Leave a Comment

“President Donald Trump’s senior advisers downplayed fresh economic turbulence Monday as the administration’s escalating trade war deepened a sell-off on Wall Street and renewed fears about the stability of the U.S. economy,” the Washington Post reports.

“As all three major U.S. stock indexes slumped, Trump’s team projected confidence that the volatility would prove temporary and that an economic boom set off by tax cuts would follow later this year. But investors have been unsettled by Trump’s willingness to impose tariffs that go even beyond his sweeping campaign promises, with hundreds of billions in new import duties already levied and trillions more poised to take effect on April 2.”

Bloomberg: “The selloff in US equities accelerated Monday, with major averages tumbling to their worst day this year, as investors braced for a slowdown in the Amerian economy.”

CNN: “The widespread selloff was mostly driven by anxiety about the impact of Trump’s tariffs.”

Comedian from Trump Rally Gets Netflix Deal

March 10, 2025 at 4:01 pm EDT By Taegan Goddard Leave a Comment

“Tony Hinchcliffe, the comedian whose -appearance at a New York rally for then-candidate Donald Trump drew bipartisan backlash after he made disparaging comments about Puerto Rico, has inked a deal with Netflix,” Politico reports.

Border Agent Told Women to Expose Their Breasts

March 10, 2025 at 3:58 pm EDT By Taegan Goddard Leave a Comment

“A now former United States Border Patrol agent is accused of making women expose their breasts to get into the country,” the Miami Herald reports.

Agent Shane Millan allegedly looked up Spanish translations for phrases such as “I will need you to lift your shirt and bra also, please” and “to verify, I will need you to lift your shirt, please.”


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Judge Says Trump’s January 6 Pardon Does Not Apply

March 10, 2025 at 3:56 pm EDT By Taegan Goddard Leave a Comment

“A federal judge ruled that President Donald Trump’s blanket pardon for the rioters who attacked the Capitol on Jan. 6, 2021, does not cover a conspiracy by one defendant to kill the law enforcement officials who investigated him,” Politico reports.

“Edward Kelley, who was convicted of the conspiracy last year by a federal jury in Tennessee, had argued that Trump’s sweeping clemency for rioters should also cover his conviction since the agents and officers he targeted were connected to the Jan. 6 investigation.”

Elon Musk Claims X Falls to Cyberattack

March 10, 2025 at 3:55 pm EDT By Taegan Goddard Leave a Comment

Elon Musk is asserting his social media site X has been deluged by a “massive cyberattack” Monday following weeks of upheaval about his cost-cutting crusade across the federal government, Politico reports.

How to Bungle a Military Takeover

March 10, 2025 at 3:51 pm EDT By Taegan Goddard Leave a Comment

New York Times: “There were only four dinner guests: the defense minister and three army generals. President Yoon prepared the meal for them himself at his hilltop residence overlooking South Korea’s capital, where hours earlier they had watched columns of troops marching in a military parade to celebrate the Oct. 1 Armed Forces Day. They talked about the political opposition, the left-wing news media and labor activists — all of which the conservative leader detested. Then they discussed a subject South Koreans had thought no longer possible: imposing martial law.”

“It was a critical moment in a plot that had begun six months before, bringing together all the key players to discuss a military takeover of the country.”

“Those involved hatched bold plans, often over meals at a safe house inside a heavily guarded government compound and at a burger chain outlet, to incapacitate the National Assembly and arrest Mr. Yoon’s critics…”

“Few saw it coming, and Mr. Yoon and his allies came close to achieving the unthinkable.”

The Chilling Effect

March 10, 2025 at 3:43 pm EDT By Taegan Goddard Leave a Comment

Don Moynihan: “We are witnessing an extraordinarily broad chilling effect in American society. It is not just what you want to say, but what you are allowed to ask. It is about both formal government actions and informal threats, with threats of professional ruin or even violence from the President’s supporters. It is about both censorship and self-censorship. It is about a sense of collective fear.”

Samuel Alito Suddenly Switches His Position

March 10, 2025 at 3:29 pm EDT By Taegan Goddard Leave a Comment

Above the Law: “There is plenty of commentary making the rounds regarding the 5-4 Supreme Court decision confirming that of course a judge can issue a Temporary Restraining Order to maintain the status quo and require USAID pay out the money that it owes to contractors for work already done. But beneath the straightforward legal question lies a revealing pattern of inconsistency from some of the Court’s conservatives.”

“The eye-opening thing about Alito’s dissent is how completely it contradicts positions he took just months ago. And not in subtle ways — we’re talking about fundamental questions of judicial power that Alito seems to view entirely differently depending on which party controls the White House.”

How Trump Cemented an Iron Grip on Republicans

March 10, 2025 at 1:36 pm EDT By Taegan Goddard Leave a Comment

New York Times: “This account of how Mr. Trump is using his influence with Republicans on Capitol Hill is based on interviews with more than a dozen people familiar with the interactions, most of whom insisted on anonymity to discuss private conversations. They described an approach in which Mr. Trump, who has spent years showing Republicans that he can either be their greatest champion or their worst political enemy, focuses intently on wooing and socializing with G.O.P. lawmakers, relying on the implicit but rarely stated threat of ruining them to get his way when they stray from his demands.”

“And they said Mr. Trump’s tactics were more carrot than stick. He relies on the trappings of the presidency — rides on Air Force One; visits with their spouses to his Mar-a-Lago resort in Palm Beach, Fla.; White House tchotchkes; and seemingly endless Sharpie signatures on Trump-branded merchandise — to make Republicans members of Congress feel special and indebted to him.”

Ruth Marcus Quits the Washington Post

March 10, 2025 at 12:14 pm EDT By Taegan Goddard Leave a Comment

Ruth Marcus. a top political columnist for The Washington Post, resigned today while accusing publisher Will Lewis of killing her column that criticized owner Jeff Bezos’s drive to overhaul the opinion pages to focus on his libertarian priorities, NPR reports.

Axios: Washington Post to overhaul newsroom structure.

Justices to Hear Challenge to Conversion Therapy Ban

March 10, 2025 at 12:07 pm EDT By Taegan Goddard Leave a Comment

“The Supreme Court said on Monday that it will hear a First Amendment challenge to a Colorado law banning professional counseling services engaged in conversion therapy intended to change a minor’s gender identity or sexual orientation,” the New York Times reports.

“More than 20 states have similar laws, which are supported by leading medical groups. Kaley Chiles, a licensed professional counselor, challenged the constitutionality of the Colorado law in federal court, saying it violated her rights to free speech and the free exercise of religion.”

D.C. Begins Removal of Black Lives Matter Mural

March 10, 2025 at 12:05 pm EDT By Taegan Goddard Leave a Comment

New York Times: “The mural, spelling ‘BLACK LIVES MATTER’ in bright yellow letters, covered two blocks of 16th Street NW. It was painted in June 2020, turning the pavement into a pedestrian zone called Black Lives Matter Plaza.”

“But its fate has been in question since President Trump returned to the White House in January, and last week the mayor, Muriel Bowser, said that the mural would be removed. Her announcement came shortly after Representative Andrew Clyde, a Republican from Georgia, introduced legislation threatening to withhold millions in federal funds from the city unless the mural was removed and the plaza renamed.”

Amazon Prime Video Adds ‘The Apprentice’

March 10, 2025 at 11:56 am EDT By Taegan Goddard Leave a Comment

“After making multiple moves to support Donald Trump using The Washington Post (which has steadily lost the publication thousands of subscribers), Amazon executive Jeff Bezos is now supporting the president via Prime Video, by adding nearly half of ‘The Apprentice’ to the streaming service,” The Wrap reports.

“Seasons 1 through 7 of the NBC show are set to hit Prime over the next two months, rolling out weekly.”

Move Fast and Destroy Democracy

March 10, 2025 at 9:35 am EDT By Taegan Goddard Leave a Comment

Kara Swisher: “Musk’s behavior is emblematic of tech’s most heinous figures, who now feel emboldened to enter the analog world with the same lack of care and arrogance with which they built their sloppy platforms.”

Trump’s Secret Power Protection Plan

March 10, 2025 at 9:31 am EDT By Taegan Goddard Leave a Comment

“Anyone who thinks President Trump’s mesmerizing hold over the GOP will slip if his poll numbers slide is missing one of his biggest innovations in American politics,” Axios reports.

“The creation of a cash-flush political operation that has raked in around a half-billion dollars — about the same amount the GOP’s House and Senate campaign arms spent during the entirety of the last midterm campaign.”

“It’s unheard of for a president not running for reelection to raise that kind of money. But the cash is just one piece of a bigger power play that’s arguably the most powerful, well-funded political apparatus ever.”

Mike Johnson Dares Senate Democrats

March 10, 2025 at 9:27 am EDT By Taegan Goddard Leave a Comment

“Mike Johnson to Chuck Schumer on government funding: Your move,” Politico reports.

“House Republicans are pushing a not-so-clean spending patch through September that would add billions of dollars for deportations, veterans’ health care and the military — and cut $13 billion in funding for non-defense programs. The speaker is planning to put the stopgap, known as a continuing resolution or a CR, on the floor Tuesday, and then send members home for recess before the Senate can send back any changes.”

Trump Defends Amy Coney Barrett

March 10, 2025 at 9:25 am EDT By Taegan Goddard Leave a Comment

“President Donald Trump defended Supreme Court Justice Amy Coney Barrett on Sunday after she faced attacks from his supporters for being part of the court majority that ruled to reject the Trump administration’s freeze on foreign aid,” the Washington Post reports.

Said Trump: “She’s a very good woman. She’s very smart, and I don’t know about people attacking her, I really don’t know. I think she’s a very good woman. She’s very smart.”

GOP Spending Bill Would Cut $1 Billion from D.C.

March 10, 2025 at 9:23 am EDT By Taegan Goddard Leave a Comment

“A federal spending bill introduced Saturday by House Republicans could have a drastic impact on D.C.’s budget, potentially leading to about $1 billion in overnight cuts impacting everything from the city’s law enforcement to schools,” the Washington Post reports.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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