J.Edgar Comey’s Big Fat Nothingburger

By David Stockman

This post J.Edgar Comey’s Big Fat Nothingburger appeared first on Daily Reckoning.

[Ed. Note: To see exactly what this former Reagan insider has to say about Trump and the fiscal threats from politics and the debt ceiling, David Stockman is sending out a copy of his book Trumped! A Nation on the Brink of Ruin… And How to Bring It Back to any American willing to listen – before it is too late. To learn how to get your free copy CLICK HERE.]

Comey’s ballyhooed testimony contained nothing not already known. It had nothing remotely about obstruction of justice and nothing that matters at all. It’s just a replay of what Comey has been leaking all along.

Indeed, it’s the Nothingburger that proves Imperial Washington has become completely unhinged in its groundless RussiaGate hysteria. Washington is stumbling toward a lawless defenestration of a sitting president in the name of a hypocritical obeisance to a tortured version of “the law”.

It is a smoking gun in only one sense: It proves why Comey should have been fired on day one and why the Wall Street assumption that it can count on “Washington governance as usual” is so dangerously misguided.

The point is very simple. What we have is an entirely unstable, unsustainable hothouse economy and financial system. The giant bubble that was reflated after the 2008 crisis will soon violently implode and take the economy down with it — unless it is again bailed-out by extraordinary Washington action.

But this time there is no one home on either end of Pennsylvania Avenue and no beltway bailout brigade at the ready. Today’s Senate show trial proves that the Imperial City is descending irretrievably into unprecedented dysfunction and political fratricide. The very fact of today’s farce is reason itself to run, not walk, from the feckless insouciance of the casino.

But to get this all in context, let’s start with the Senate Intelligence Committee hearing itself and its sad chairman, Senator Richard Burr of North Carolina. When it comes to treacherous betrayal, we’d just as soon go with Aaron (Burr).

The Senator knows full well that there is nothing to the Russian meddling story because if there was any kind of documented proof it would have leaked long ago. But he is a deck-hand of the national security apparatus and is willingly conducting today’s installment of the Imperial City’s anti-Russian witch hunt.

The substance of RussiaGate is simply the evidence-free assessments, judgments, surmises, and inferences of Deep State operatives dead set against Donald Trump from the very beginning.

That brings us to J. Edgar Comey. From the very beginning with his backhanded acquittal of Hillary last July, he has conducted himself as FBI Dictator, not director.

As the Wall Street Journal editorial page noted about Comey’s repeated whinny invocations of the FBI’s “traditionally independent status in the executive branch,”

Independent? This is a false and dangerous view of law enforcement in the American system.

Mr. Comey is describing an FBI director who essentially answers to no one. …read more

Source:: Daily Reckoning feed

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