Trump-Approved Profits

Source: Common Sense
by Paul Jacob

“Occasionally, President Trump takes an anti-capitalist rhetorical turn. He apparently supposes his unleashing of an Inner Mamdani will help him through a political rough patch. Or perhaps he is just momentarily confused. The president recently asserted that oil companies are making too much money right now and ‘ought to give back’ some of it to the public. This, although ‘I’m a big free enterprise guy.’ But oil companies don’t owe buyers anything more than the oil they supply. Nor, when prices are low, do buyers owe oil companies or gas stations more money than what they pay.” (08/06/26)

https://thisiscommonsense.org/2026/08/06/trump-approved-profits/

Federal regulations on firearm silencers, some guns cannot stand, judge rules

Source: The Hill

“A federal judge on Wednesday ruled that some federal gun restrictions can no longer stand after Republicans last year zeroed out the taxes that justified their [entirely fake in the first place] constitutionality. Congress relied on its taxing authority to pass the 1934 National Firearms Act (NFA), which established a $200 fee to transfer or make certain firearms. But last year’s One Big Beautiful Bill Act eliminated the tax for short-barreled shotguns, short-barreled rifles and silencers. U.S. District Judge Wesley Hendrix said that has ‘constitutional consequences.’ The law’s registration and recordkeeping requirements for those guns can’t continue, he ruled. ‘Because today’s NFA does not generate any revenue from untaxed firearms, its regulatory provisions cannot be upheld under the taxing power,’ Hendrix wrote in his 66-page opinion.” (08/06/26)

https://thehill.com/regulation/court-battles/6013117-federal-judge-national-firearms-act-regulations/

FCC scraps limit on broadcast TV ownership

Source: NBC News

“The Federal Communications Commission, the government agency that regulates the broadcast airwaves, voted Thursday to eliminate a cap on the share of U.S. television households a single company can reach, a major move that could pave the way for more corporate consolidation in the media industry. In a 2-1 vote, the FCC repealed a 22-year-old rule holding that a company cannot own stations that reach more than a combined 39% of the U.S. television audience. The ownership limit will be replaced by a case-by-case approach.” [editor’s note: It should be replaced by a “none of the government’s business” approach – TLK] (08/06/26)

https://www.nbcnews.com/business/media/federal-communications-commission-scraps-limit-broadcast-tv-ownership-rcna587641

Confidence Men Are Everywhere

Source: Gideon’s Substack
by Noah Millman

“There’s nothing weird or exceptional about an organization making a catastrophic mistake and hiring a liar and a fraud, nor is there anything surprising about such failures being in part due to poor or nonexistent vetting. These kinds of people’s particular skill is inspiring extreme credulousness, and then manipulating people to maintain that credulousness in the face of mountains of disconfirming evidence. They might make use of ideological or identity-based affinity to manipulate you—Bernie Madoff famously defrauded numerous Jewish organizations by playing on precisely those kinds of sentiments—but if that’s not an option they’ll use something else. It’s not a unique feature of politics or academia, nor of left-wing spaces. I mean, look who’s president. The unavoidable moment of reckoning for most organizations, though, comes when it becomes clear that their own mission is being damaged.” (08/06/26)

https://gideons.substack.com/p/confidence-men-are-everywhere

Senile reality TV star insists US regime has “massive amounts” of munitions, vows to jail “treasonous” leakers

Source: New York Post

“President Trump was adamant Thursday that the US has ‘massive amounts’ of munitions in its arsenal and vowed to hunt down leakers who are anonymously sounding the alarms about America’s stash of firepower. The president’s condemnation followed a Washington Post report that he lashed out at War Secretary Pete Hegseth during a Camp David cabinet meeting last week, claiming he had been misled about the state of America’s arms stockpile. According to the outlet, Trump complained that the shortages are one of the main reasons he hasn’t ordered massive new strikes against Iran. The president has publicly attributed operational delays to progress in peace talks with Tehran.” (08/06/26)

https://nypost.com/2026/08/06/us-news/trump-insists-us-has-massive-amounts-of-munitions-vows-to-jail-treasonous-leakers/

Why James Madison Wanted Greater Limits on States’ Rights

Source: Reason
by Damon Root

“On June 8, 1789, James Madison announced the batch of proposed constitutional amendments that would eventually become enshrined as the Bill of Rights. One of Madison’s would-be amendments, however, did not make the final cut, as it failed in the Senate after passing the House of Representatives. Here is what that lost Madisonian amendment to the Constitution would have said: ‘No state shall violate the equal rights of conscience, or the freedom of the press, or the trial by jury in criminal cases.’ Put differently, Madison wanted several parts of the Bill of Rights to apply equally against the federal government and the states. Why? ‘Because it must be admitted, on all hands,’ Madison said, ‘that the state governments are as liable to attack these invaluable privileges as the general [national] government is, and therefore ought to be as cautiously guarded against.'” (08/06/26)

https://reason.com/2026/08/06/why-james-madison-wanted-greater-limits-on-states-rights/

US Senate committee votes to hold Fauci in contempt

Source: The Hill

“The Senate committee chaired by Sen. Rand Paul (R-Ky.) on Thursday voted to refer former chief White House medical adviser Anthony Fauci to be held in contempt. The Senate Homeland Security and Governmental Affairs Committee in a party-line, 8-5 vote, with two additional ‘no’ votes by proxy, approved a resolution to hold Fauci in contempt of Congress following his hearing last week, during which the doctor invoked his Fifth Amendment rights 111 times and refused to answer a single question posed to him by the panel centered on the COVID-19 pandemic. … Criminal referrals that come from committees usually go to the full Senate for a vote, but Paul can also send it to the Department of Justice (DOJ). The Kentucky Republican indicated last week that he planned to move it directly to DOJ to not ‘waste time.’” [editor’s note: Why on earth would Paul suddenly stop wasting time now? It seems to be his favorite pastime – TLK] (08/06/26)

https://thehill.com/policy/healthcare/6012952-anthony-fauci-rand-paul-senate-homeland-security-panel-contempt-vote-covid-19/