It’s Thursday…
President Shitshow’s public schedule for…
| Thursday, August 7 2025 |
| 9:00 AM In-Town Pool Call Time The White House In-Town Pool |
| 12:00 PM The President signs Executive Orders Oval Office Closed Press |
| 4:00 PM The President delivers remarks East Room Pre-Credentialed Media |
The Executive Orders as told to us by Press “my cross was burning so I don’t wear it anymore” Barbie…
🚨TODAY AT THE WHITE HOUSE: Trump Makes Universities Fork Over Admissions Data To Prove They’re Not Doing Affirmative Action https://t.co/ofkWlfDoQl
— Karoline Leavitt (@PressSec) August 7, 2025
I’ve tried to load the daily caller. But it’s not working for me. It might work for me later. At this point, it’s a mystery what will and won’t work with me and my PC…
Based on this and the other executive orders, I’m getting really tried of the government in all private businesses business. sigh.
🚨TODAY AT THE WHITE HOUSE: Trump to Sign Order Easing Path for Private Assets in 401(k)s https://t.co/wn6ivUnbuy
— Karoline Leavitt (@PressSec) August 7, 2025
Bloomberg is paywalled.
I googled it and picked CNBC News as the explainer source:
President Donald Trump will sign an executive order on Thursday to allow alternative assets such as private equity, cryptocurrencies and real estate into 401(k)s, according to a senior White House official.
The executive order will direct the U.S. secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined contribution plans that are governed by the Employee Retirement Income Security Act of 1974, or ERISA. The federal law sets minimum standards for most retirement plans.
Trump has an executive order signing scheduled at noon. The development was first reported by Bloomberg News.
An executive order would mark a major victory for the alternative asset industry, which has pushed for greater adoption of private assets in defined contribution plans under Trump’s second term in office.
Bitcoin jumped Thursday in response to the news. Private equity stocks such as Apollo Group were slightly higher on Thursday in early trading.
CNBC News. 08/07/2025.
🚨TODAY AT THE WHITE HOUSE: Trump to sign debanking Executive Order https://t.co/PXa96ycTkR
— Karoline Leavitt (@PressSec) August 7, 2025
President Donald Trump and the White House are expected to sign an executive order Thursday to put an end to regulators and banks shutting down accounts, also known as debanking, for political reasons.
The executive order, exclusively obtained by Fox News Digital, aims to bring an end to debanking and political bias, driven by bank regulators, which the president says he has experienced first-hand.
Under the executive order, federal banking regulators will be required to remove reputational risk and equivalent concepts from guidance and examination manuals, and the Small Business Association will require financial institutions to make efforts to reinstate clients and potential clients previously denied services due to an unlawful debanking policy.
Fox Business.com. 08/07/2025.
President Tariffs triumphantly posted that thanks to his latest masterstroke, Americans will now enjoy the privilege of paying more for the same products they bought yesterday. Because nothing says “fighting for the little guy” like making groceries and appliances more expensive in the name of… whatever this is. #ArtOfTheSteal
08/06/2025 @11:44 PM D.C., time:
@11:58 PM D.C., time:
Y’all already know how I feel about tariffs: they’re stupid, they’re dumb, and they have no business existing in anything remotely resembling free market capitalism. Sure, once in a while they’re necessary to protect a critical industry or infrastructure—but even then, only as a short-term crutch. The real problem is what happens when that crutch turns into a recliner. Once an industry knows the government will keep coddling it, why bother innovating? Why compete when you can just coast on subsidies and price protections? Don’t take my word for it—Google it. There’s a mountain of research showing protectionism strangles competition, chokes off innovation, and slows long-term growth.
I had ChatGPT to fact-check my “google it” request….
Grok is also trying to explain how tariffs work. H/T to Lenny for sharing this with me.
My Blue Sky called the tariffs a “win-win”…
Former VP Mike Pence weighed-in on the tariff talk…
Yesterday, the CEO of Apple Tim “Apple” Cook presented President Tariffs Make Perfect Economic Sense with some type of glass that sits in a 24k base.
Tim Cook: It is engraved for President Trump. It is a unique unit of one. And the base comes from Utah, and is 24 karat gold. pic.twitter.com/tr6icHshJU
— Acyn (@Acyn) August 6, 2025
A few hours later…
Breaking news: President Trump said he would place a 100 percent tariff on all computer chips imported to the United States, but will exempt companies that commit to “building” on U.S. soil like Apple. https://t.co/mzpO2lCocT
— The Washington Post (@washingtonpost) August 7, 2025
President Donald Trump said Wednesday that he would place a 100 percent tariff on all computer chips imported to the United States, but exempt companies that commit to “building” on U.S. soil.
The proposal puts economic pressure on U.S. firms, particularly in the tech industry, which generally depend on Asia for the crucial components, setting the stage for more of the showy investment deals Trump has prompted from the industry in his second term.
Because importers often pass on the tariff costs to consumers, the chip levies could raise the price of consumer goods dependent on chips ranging from smartphones to kitchen goods to automobiles.
Apple has secured an exemption from the chip tariff, Trump said Wednesday. He announced the new semiconductor trade policy at a White House event alongside Apple CEO Tim Cook, who said his company would increase its investment in U.S. jobs and suppliers over coming years.
Washington Post (gift link). 08/06/2025.
Two things…
Thing one: For a guy who swears he “can’t be bought,” here’s proof he’ll fold for cheap. All a company has to do is vaguely promise to “invest” some hypothetical dollars in the U.S., and voilà—tariff exemption granted. Don’t get it twisted: this won’t magically translate into lower prices for American consumers.
Thing two: If tariffs are so brilliant and perfect and the very backbone of economic strategy, why’s he handing out exemptions like candy at a campaign rally?
In not related to tariff news.
President Once-Again-Threatening-to-Violate-the-Constitution—yes, that Constitution he swore to uphold—has declared via “Truth” Social that he’s ordering a new census, one that will exclude undocumented immigrants from the count. Just a small problem: the Constitution (Article I, Section 2, for those keeping score) requires a count of “all persons” residing in the country, not just the ones he likes. But by all means, let’s rewrite constitutional law one unhinged post at a time.
Politico (08/07/2025):
The census is a constitutionally mandated count of every person in the United States every 10 years, which was last conducted in 2020. A full census has never been conducted mid-decade in this manner, nor has one ever excluded noncitizens from the count.
Censuses are immensely important in American governance; each count determines how many House seats every state gets through a process called apportionment, and the results of the census help direct billions of dollars in federal, state and local funding.
Trump has been trying to include a citizenship question on the census since his first term, though the Supreme Court struck the effort down on procedural grounds in 2019. Apportionment numbers have also historically included people residing in the United States regardless of their immigration status.
A 2020 Pew Research Center report indicated removing noncitizens could cost multiple states House seats, including California and Texas.
Politico (08/07/2025).
This is an open thread
