TWO POST PRESIDENCIES

  “TWO POST PRESIDENCIES!”
By Gary Kaltbaum- October 30,2016
The following is the Wikipedia (not wikileaks) section of President Jimmy Carter’s post-presidency. We have disagreements with many of his policies, especially what seems to be his continuous anti-Israel policy as well as the coddling of some nefarious leaders around the world but we will leave that for another day. Take a few minutes and after you read this, we will make our point.

Post-presidency (1981–present)

Former President and First Lady Carter wave from their aircraft after the inauguration of Ronald Reagan on January 20, 1981.

In 1981, Carter returned to Georgia to his peanut farm, which he had placed into a blind trust during his presidency to avoid even the appearance of a conflict of interest. He found that the trustees had mismanaged the trust, leaving him more than one million dollars in debt. In the years that followed, he has led an active life, establishing the Carter Center, building his presidential library, teaching at Emory University in Atlanta, Georgia, and writing numerous books.[61] He has also contributed to the expansion of Habitat for Humanity, to build affordable housing. Since early September 2012, Carter has been alive longer after leaving the White House than any other U.S. President.[86]

Carter Center and Nobel Prize 

Main article: Carter Center

President George W. Bush invited former Presidents George H.W. Bush, Bill Clinton, Jimmy Carter (far right), and President-elect Barack Obama for a meeting and lunch at The White House on January 7, 2009

Carter has been involved in a variety of national and international public policy, conflict resolution, human rights and charitable causes. In 1982, he established the Carter Center in Atlanta to advance human rights and alleviate human suffering. The non-profit, nongovernmental Center promotes democracy, mediates and prevents conflicts, and monitors the electoral process in support of free and fair elections. It also works to improve global health through the control and eradication of diseases such as Guinea worm disease, river blindness, malaria, trachoma, lymphatic filariasis, and schistosomiasis. It also works to diminish the stigma of mental illnesses and improve nutrition through increased crop production in Africa.[citation needed]

A major accomplishment of The Carter Center has been the elimination of more than 99 percent of cases of Guinea worm disease, from an estimated 3.5 million cases in 1986 to 148 reported cases in 2013[87] to 23 in 2015[88]The Carter Center has monitored 96 elections in 38 countries since 1989.[89] It has worked to resolve conflicts in Haiti, Bosnia, Ethiopia, North Korea, Sudan and other countries. Carter and the Center support human rights defenders around the world and have intervened with heads of state on their behalf.[citation needed]

In 2002, President Carter received the Nobel Peace Prize for his work “to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development” through The Carter Center.[90] Three sitting presidents, Theodore Roosevelt, Woodrow Wilson, and Barack Obama, have received the prize; Carter is unique in receiving the award for his actions after leaving the presidency. He is, along with Martin Luther King Jr., one of only two native Georgians to receive the Nobel Prize.[91]

Diplomacy

North Korea

In 1994, North Korea had expelled investigators from the International Atomic Energy Agency and was threatening to begin processing spent nuclear fuel. In response, then-President Clinton pressured for US sanctions and ordered large amounts of troops and vehicles into the area to brace for war.[citation needed]

Bill Clinton secretly recruited Carter to undertake a peace mission to North Korea,[92] under the guise that it was a private mission of Carter’s. Clinton saw Carter as a way to let North Korean President Kim Il-sung back down without losing face.[93]

Carter negotiated an understanding with Kim Il-sung, but went further and outlined a treaty, which he announced on CNN without the permission of the Clinton White House as a way to force the US into action.

The Clinton Administration signed a later version of the Agreed Framework, under which North Korea agreed to freeze and ultimately dismantle its current nuclear program and comply with its nonproliferation obligations in exchange for oil deliveries, the construction of two light water reactors to replace its graphite reactors, and discussions for eventual diplomatic relations.[citation needed]

The agreement was widely hailed at the time as a significant diplomatic achievement.[94][95] However, in December 2002, the Agreed Framework collapsed as a result of a dispute between the George W. Bush Administration and the North Korean government of Kim Jong-il.

In 2001, George W. Bush had taken a confrontational position toward North Korea. And in January 2002, Bush had named North Korea as part of an “Axis of Evil“. Meanwhile, North Korea began developing the capability to enrich uranium.

Bush Administration opponents of the Agreed Framework believed that the North Korean government never intended to give up a nuclear weapons program. However, supporters of the Agreed Framework believed that the agreement could have been successful, had it not been undermined by the Bush Administration.[96]

In August 2010, Carter traveled to North Korea in an attempt to secure the release of Aijalon Mahli Gomes. Gomes, a U.S. citizen, was sentenced to eight years of hard labor after being found guilty of illegally entering North Korea. Carter successfully secured the release.[97]

Middle East

Carter and experts from The Carter Center assisted unofficial Israeli and Palestinian negotiators in designing a model agreement for peace—called the Geneva Accord—in 2002–2003.[98]

Carter has also in recent years become a frequent critic of Israel’s policies in Lebanon, the West Bank, and Gaza.[99][100]

In 2006, at the UK Hay Festival, Carter stated that Israel has at least 150 nuclear weapons. He expressed his support for Israel as a country, but criticized its domestic and foreign policy; “One of the greatest human rights crimes on earth is the starvation and imprisonment of 1.6m Palestinians,” said Carter.[101]

He mentioned statistics showing nutritional intake of some Palestinian children was below that of the children of Sub-Saharan Africa and described the European position on Israel as “supine“.[101]

In April 2008, the London-based Arabic newspaper Al-Hayat reported that Carter met with exiled Hamas leader Khaled Mashaal on his visit to Syria. The Carter Center initially did not confirm nor deny the story. The US State Department considers Hamas a terrorist organization.[102] Within this Mid-East trip, Carter also laid a wreath on the grave of Yasser Arafat in Ramallah on April 14, 2008.[103] Carter said on April 23 that neither Condoleezza Rice nor anyone else in the State Department had warned him against meeting with Hamas leaders during his trip.[104] Carter spoke to Mashaal on several matters, including “formulas for prisoner exchange to obtain the release of Corporal Shalit.”[105]

In May 2007, while arguing that the United States should directly talk to Iran, Carter again stated that Israel has 150 nuclear weapons in its arsenal.[106]

In December 2008, Carter visited Damascus again, where he met with Syrian President Bashar al-Assad, and the Hamas leadership. During his visit he gave an exclusive interview to Forward Magazine, the first ever interview for any American president, current or former, with a Syrian media outlet.[107][108]

Carter visited with three officials from Hamas who have been living at the International Red Cross office in Jerusalem since July 2010. Israel believes that these three Hamas legislators had a role in the 2006 kidnapping of Israeli soldier Gilad Shalit, and has a deportation order set for them.[109]

In August 2014, Carter was joined by Mary Robinson during the 2014 Israel–Gaza conflict with the pair pressing for the inclusion of Hamas as an actor in peace talks with Israel, recognition of the group as a legitimate political entity, and the lifting of the siege of Gaza. The two Elders, in an op-ed article in Foreign Policy, noted the recent unity deal between Hamas and Fatah when Hamas agreed with the Palestinian Authority to denounce violence, recognize Israel and adhere to past agreements, saying it presented an opportunity. Carter and Robinson called on the UN Security Council to act on what they described as the inhumane conditions in Gaza, and mandate an end to the siege.[110]

Africa

Carter leads an observer mission at South Sudan‘s referendum on independence, January 2011

Carter held summits in Egypt and Tunisia in 1995–1996 to address violence in the Great Lakes region of Africa.[111]

Carter played a key role in negotiation of the Nairobi Agreement in 1999 between Sudan and Uganda.[112]

On June 18, 2007, Carter, accompanied by his wife, arrived in Dublin, Ireland, for talks with President Mary McAleese and Bertie Ahern concerning human rights. On June 19, Carter attended and spoke at the annual Human Rights Forum at Croke Park. An agreement between Irish Aid and The Carter Center was also signed on this day.[citation needed]

Americas

Carter led a mission to Haiti in 1994 with Senator Sam Nunn and former chairman of the Joint Chiefs of Staff General Colin Powell to avert a US-led multinational invasion and restore to power Haiti’s democratically elected president, Jean-Bertrand Aristide.[113]

Carter visited Cuba in May 2002 and had full discussions with Fidel Castro and the Cuban government. He was allowed to address the Cuban public uncensored on national television and radio with a speech that he wrote and presented in Spanish. In the speech, he called on the US to end “an ineffective 43-year-old economic embargo” and on Castro to hold free elections, improve human rights, and allow greater civil liberties.[114] He met with political dissidents; visited the AIDS sanitarium, a medical school, a biotech facility, an agricultural production cooperative, and a school for disabled children; and threw a pitch for an all-star baseball game in Havana. The visit made Carter the first President of the United States, in or out of office, to visit the island since the Cuban revolution of 1959.[115]

Carter observed the Venezuela recall elections on August 15, 2004. European Union observers had declined to participate, saying too many restrictions were put on them by the Hugo Chávez administration.[116] A record number of voters turned out to defeat the recall attempt with a 59 percent “no” vote.[117] The Carter Center stated that the process “suffered from numerous irregularities,” but said it did not observe or receive “evidence of fraud that would have changed the outcome of the vote”.[118] On the afternoon of August 16, 2004, the day after the vote, Carter and Organization of American States (OAS) Secretary General César Gaviria gave a joint press conference in which they endorsed the preliminary results announced by the National Electoral Council. The monitors’ findings “coincided with the partial returns announced today by the National Elections Council,” said Carter, while Gaviria added that the OAS electoral observation mission’s members had “found no element of fraud in the process.” Directing his remarks at opposition figures who made claims of “widespread fraud” in the voting, Carter called on all Venezuelans to “accept the results and work together for the future”.[119] A Penn, Schoen & Berland Associates (PSB) exit poll had predicted that Chávez would lose by 20 percent; when the election results showed him to have won by 20 percent, Douglas Schoen commented, “I think it was a massive fraud”.[120] US News & World Report offered an analysis of the polls, indicating “very good reason to believe that the [Penn, Schoen & Berland] exit poll had the result right, and that Chávez’s election officials – and Carter and the American media – got it wrong.” The exit poll and the Venezuela government’s control of election machines became the basis of claims of election fraud. However an Associated Pressreport states that Penn, Schoen & Berland used volunteers from pro-recall organization Súmate for fieldwork, and its results contradicted five other opposition exit polls.[121]

Following Ecuador‘s severing of ties with Colombia in March 2008, Carter brokered a deal for agreement between the countries’ respective presidents on the restoration of low-level diplomatic relations announced June 8, 2008.[122][123]

Vietnam

On November 18, 2009, Carter visited Vietnam to build houses for the poor. The one-week program, known as Jimmy and Rosalynn Carter Work Project 2009, built 32 houses in Dong Xa village, in the northern province of Hải Dương. The project launch was scheduled for November 14, according to the news source which quoted the Ministry of Foreign Affairs spokeswoman Nguyen Phuong Nga. Administered by the non-governmental and non-profit Habitat for Humanity International (HFHI), the annual program of 2009 would build and repair 166 homes in Vietnam and some other Asian countries with the support of nearly 3,000 volunteers around the world, the organization said on its website. HFHI has worked in Vietnam since 2001 to provide low-cost housing, water, and sanitation solutions for the poor. It has worked in provinces like Tiền Giang and Đồng Nai as well as Ho Chi Minh City.[124]

The Elders

On July 18, 2007, Carter joined Nelson Mandela in Johannesburg, South Africa, to announce his participation in The Elders, a group of independent global leaders who work together on peace and human rights issues.[125] The Elders work globally, on thematic as well as geographically specific subjects. The organization’s priority issue areas include the Israeli-Palestinian conflict, the Korean Peninsula, Sudan, and South Sudan, sustainable development, and equality for girls and women.[126]

Carter has been actively involved in the work of The Elders, participating in visits to Cyprus, the Korean Peninsula, and the Middle East, among others[127] In October 2007, Carter toured Darfur with several of the Elders, including Desmond Tutu. Sudanese security prevented him from visiting a Darfuri tribal leader, leading to a heated exchange.[128] He returned to Sudan with fellow Elder Lakhdar Brahimi in May 2012 as part of The Elders’ efforts to encourage the presidents of Sudan and South Sudan to return to negotiations, and highlight the impact of the conflict on civilians.[129][130]

In November 2008, President Carter, former UN Secretary General Kofi Annan, and Graça Machel, wife of Nelson Mandela, were stopped from entering Zimbabwe, to inspect the human rights situation, by President Robert Mugabe‘s government. The Elders instead made their assessment from South Africa, meeting with Zimbabwe– and South Africa-based leaders from politics, business, international organisations and civil society in Johannesburg.[131]

Now…whenever you have a few minutes, go check out the wikileaks (not wikipedia) of Bill and Hillary Clinton. Then take a few minutes to compare one president who was determined to do good without enriching himself or his family, without personal agenda and without personal ulterior motive. You may disagree with his policies like we disagree with many but one cannot argue the intent. On the other hand and in plain site, it is now too easy to deduce that the Clinton’s agenda was to enrich themselves as well as their cronies…and enrich themselves they did…in ways and numbers unimaginable.  Tell me Gordon, when does it all end, huh? How many yachts can you water ski behind? How much is enough?

And now, because of a hacker, not heads buried in the sand journalists, it is all coming out and all coming out to possibly bite them right where the sun doesn’t shine. The Washington left has been yapping away forever about the culture of corruption of the Republican party. The Washington left has been yapping away forever how the Republican party only cares about the rich and loathes the poor, the downtrodden, the aged and the children. But with all evidence in hand, the Washington left not only ignores what can only be called a sleazy, slimy, influence peddling machine masquerading as a foundation/charity, but actually celebrates these “accomplishments!” 

We will know in 9 days how this nauseating election ends up but we think this episode is going to have legs. Reap meet sow!

The Morning Look

Market Update:

Stock futures are quiet ahead of Monday’s open as investors look forward to the next Fed meeting on Wednesday and the latest round of earnings data.

Gary’s Thoughts: Futures up a wee bit after an election news-moving Friday. Continue to be patient.

Economic Calendar:

  • Personal Income and Outlays 8:30 AM ET
  • Chicago PMI 9:45 AM ET
  • Dallas Fed Mfg Survey 10:30 AM ET
  • Farm Prices 3:00 PM ET

Highlights:

  • GE, Baker Hughes Deal to Create Energy Powerhouse
    Gary’s Thoughts: More to come.
  • A history of the controversy Hillary Clinton can’t seem to shake. Latest FBI email probe weighs on election
    Gary’s Thoughts: Ya think! This doesn’t happen by accident.

The Closing Look

Stocks opened higher but closed lower on Thursday as investors digested the latest round of economic and earnings data. It was another busy day for earnings with shares of Service Now (NOW), Twitter (TWTR) and Tesla (TSLA) among the companies that rallied after reporting numbers while shares of Lending Tree (TREE), O’Reilly Automotive Inc (ORLY, and GNC (GNC) fell after reporting earnings. Economic data was also mixed. Before the open, Durable Goods fell -0.1%, missing estimates for +0.2%. Jobless claims came in at 258k, compared to the Street’s estimate for 255k. Meanwhile, Pending Home Sales grew by +1.5%, beating estimates for +1.0%. Elsewhere, sovereign bonds fell around the globe.

Gary’s Thoughts: Market a lot worse today than the Dow…a lot! But…money flows into financials huge help in keeping major indices above support but russell 2000 deeper break of support. Tomorrow another day but first, we get AMZN and GOOG.

The Morning Look

Market Update:

Stock futures are a little higher ahead of Friday’s open as the Street digests the latest round of mixed earnings data. The latest reading on GDP is slated to be released at 8:30am EST.

Gary’s Thoughts: S&P flat…NDX down because Amazon down $45 from yesterday’s close. Google up $8 from yesterday’s close. Bond market remains a problem as long rates head higher…killing interest-rate sensitive stuff. Have you seen a chart of real eastate? (IYR)

Economic Calendar:

  • GDP 8:30 AM ET
  • Employment Cost Index 8:30 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET

Highlights:

  • Amazon (AMZN) gapped down after missing numbers
    Gary’s Thoughts:  Expenses!
  • Apple unveils new MacBook Pro with Touch Bar, starting at $1,799 & New TV APP
    Gary’s Thoughts: Whoopie!

The Morning Look

Market Update:

Stock futures are a little higher ahead of Thursday’s open as investors continue to digest a slew of earnings reports.

Gary’s Thoughts: After yesterday’s reversal. guess what? A little gap to the upside. While there are a bunch of names gapping down off of earnings, we make note of the slew of names reacting well to earnings this morning. This is important to the market. TSLA,FFIV, NOW,BWLD,CAKE,TER and down and out biotechs CELG and ALXN also gapping up.  KEEP IN MIND, this baby remains nothing more than range-bound nausea. Hoping to bust out one way or another. Financials continue to get the relative bid and have the best patterns in the market.

Economic Calendar:

  • Durable Goods Orders 8:30 AM ET
  • Jobless Claims 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • Pending Home Sales Index 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Kansas City Fed Manufacturing Index 11:00 AM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights:

  • Toyota adds 5.8 million more vehicles to global Takata recall total
    Gary’s Thoughts: Just recall every car.
  • EpiPen Rival Plans Return to U.S. Market in First-Half 2017
    Gary’s Thoughts: It’s about time. Mylan really gouged.

The Closing Look

Stocks opened lower but closed mixed on Wednesday after Apple Inc (AAPL) gapped down after reporting earnings. A slew of other stocks reported earnings as well and, so far, there is a slight bias to the downside. Meaning, more stocks are falling, after reporting earnings, than rallying. Stocks turned higher after oil prices reversed on a report that showed supply tightened slightly. Economic data was mixed. Mortgage applications slid -4.1% last week, even though mortgage rates slid. The October services PMI index rose to 54.8 higher than the last reading of 52.3. Meanwhile, new home sales rose by 3.1% to 593k last month. The Fed’s will end its next meeting on Wednesday Nov 2nd.

Gary’s Thoughts: Another day market defended with financials leading the way with the relative bid. Normally, our thought would be that since every time it looks like they are going to send the market into oblivion, it reverses…that we have to finally go higher. But then within the next day, the market stalls. We suspect we will have another gap to the upside tomorrow off of today;s reversal but we need to see better action in all the areas that are not working. It hasn’t happened yet. Apple was more of a non-event as it was only down 2% and defended at support. Tomorrow, a slew of earnings in the down and out biotechs and many others, including Google and Amazon.

The Closing Look

Stocks slid on Tuesday as investors digested a slew of earnings data. Consumer stocks fell hard, especially stocks that depend on people buying things for their home after reporting disappointing earnings. Sherwin-Williams (SHW), Whirlpool (WHR) and Masco (MAS), were some of the stocks that fell hard on Tuesday. On the economic front, consumer confidence came in at 98.6, missing the Street’s forecast of 101.5. Meanwhile, U.S. home prices edged higher in August from July, with the S&P CoreLogic Case-Shiller 20-City Composite index rising by 5.1% year over year. The major indices continue going nowhere fast as investors wait for more earnings and economic data.

Gary’s Thoughts: Apple aftermarket less than stellar. Watching all housing-related stuff. That was some ugly action.

The Morning Look

Market Update:

Stock futures are lower ahead of Wednesday’s open after Apple reported its first annual revenue decline since 2001.

Gary’s Thoughts: Apple no help. Think its more about it has already moved up…but no doubt, mature company with no growth. Futures yuck after yesterday’s yuck day. We now talk support levels again after one day up. Tight range continues but on the lookout. AMZN and GOOG tomorrow.

Economic Calendar:

  • MBA Mortgage Applications 7:00 AM ET
  • International Trade in Goods 8:30 AM ET
  • PMI Services Flash 9:45 AM ET
  • New Home Sales 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET

Highlights:

  • Apple Sees First Annual Revenue Fall Since ’01
    Gary’s Thoughts: Law of large numbers.
  • Chipotle quarterly restaurant sales down more than expected
    Gary’s Thoughts: Quite surprised they havent gone on a huge marketing campaign.

The Closing Look

Stocks rallied on Monday as investors digested the latest round of mixed earnings data and another mega-merger between AT&T & Time Warner. Over the weekend, AT&T (T) reached a deal to acquire Time Warner (TWC) for more than $85 billion, or $107.50 per share. The deal is made possible by easy money from the Fed and other central banks and will likely face a lot of regulatory scrutiny. In other news, shares of T-Mobile (TMUS) surged after the company reported earnings. Elsewhere, oil prices fell after Iraq said it would not join OPEC in cutting production. This put pressure on a slew of energy stocks.

Gary’s Thoughts: Deals…deals…deals…and good action in tech/internet/semis. But range-bound continues. A bunch of DOW stocks as well as Apple tomorrow.

The Morning Look

Market Update:

Stock futures are up ahead of Monday’s open as investors digest last week’s up and down action and wait for the next round of earnings to be released.

Gary’s Thoughts: Strong open. Market recognizes it was defended again Friday so back into the range on the open today. Financials, oils lead. Semis still strong but losing some momentum. Steel and other commodity names coming on. Airlines emerging. Big cap tech/internet good r/s but mostly sitting as earnings come out this week. That will tell the tale at least for the NDX this week.

Economic Calendar:

  • Chicago Fed National Activity Index 8:30 AM ET
  • William Dudley Speaks 9:00 AM ET
  • James Bullard Speaks 9:05 AM ET
  • PMI Manufacturing Index Flash 9:45 AM ET
  • Charles Evans Speaks 1:30 PM ET
  • Jerome Powell Speaks 1:45 PM ET

Highlights:

  • Iraq Balks at Joining OPEC Cuts, Making Oil Output Deal Harder
    Gary’s Thoughts: Not sure that will matter to the price.
  • Regulatory microscope lies ahead for AT&T and Time Warner
    Gary’s Thoughts: There is a decent chance this runs into big roadblocks. Big discount on the buyout price as of this morning. This will take a good year to work through.