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‘Ridiculous': Obama's patience wears thin in response to Trump's latest hysterics
During campaign seasons, Barack Obama maintains a rather high profile, appearing in Democratic ads and headlining Democratic rallies. There's no great mystery as to why: The former president remains one of the nation's most liked political leaders. But in terms of day-to-day political events, Obama tends to maintain a relatively low profile, steering clear of the arena. In fact, he's sometimes criticized in progressive circles for not engaging in more partisan and political fights. There are, however, occasional exceptions. NBC News reported: Former President Barack Obama's office issued a rare rebuke of President Donald Trump on Tuesday after the president accused his predecessor of having committed 'treason' and rigging the 2016 and 2020 elections. A written statement issued from a spokesperson for the former president spanned just six sentences, though it said quite a bit. 'Out of respect for the office of the presidency, our office does not normally dignify the constant nonsense and misinformation flowing out of this White House with a response,' the statement read. 'But these claims are outrageous enough to merit one. These bizarre allegations are ridiculous and a weak attempt at distraction. 'Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes. These findings were affirmed in a 2020 report by the bipartisan Senate Intelligence Committee, led by then-Chairman Marco Rubio.' The 'document' that Obama's office referred to was, of course, the bizarre report from Director of National Intelligence Tulsi Gabbard, issued last week, which alleged that Trump's Russia scandal was the result of a 'treasonous conspiracy.' The document was quickly discredited, with independent analyses characterizing Gabbard's report as, among other things, 'ludicrous.' As for Team Obama's reference to Rubio, this, of course, reminded the public that just five years ago, the Republican-led Senate Intelligence Committee published devastating findings about Trump's Russia scandal, at one point literally describing a 'direct tie between senior Trump Campaign officials and the Russian intelligence services.' If Gabbard and her allies want to argue that Trump's secretary of state, who led the Senate Intelligence Committee at the time, was part of a 'treasonous conspiracy' against Trump, they're welcome to try, though this doesn't seem like an especially smart idea. Or put another way, the Obama statement worked because it had reality on its side. The incumbent president, however, doesn't seem to care. On Monday, Trump amplified a fake video that appeared to have been created with AI that depicted Obama being arrested in the Oval Office. A day later, in the Oval Office, the Republican explicitly endorsed the Justice Department targeting Obama, suggesting that the former Democratic president is 'guilty' as part of a scheme that Trump considers 'treason.' Trump falsely claimed that Obama 'has been caught directly' of unspecified crimes, added that his administration found 'proof' — which, again, does not exist — that Obama was 'seditious' and 'trying to lead a coup.' The incumbent concluded, 'Whether it's right or wrong, it's time to go after people. Obama's been caught directly. So people say, 'Oh, you know, a group.' It's not a group. It's Obama.' It's not Obama. The underlying claims are fiction. Trump's entire conspiracy theory is rooted in a delusional foundation. What's less clear is what might happen next. Under normal circumstances, a sitting president accusing his predecessor of 'treason' would be a stop-the-presses moment in American politics, but the reaction to Trump's meltdown was largely muted, in part because so many observers worked from the assumption that the Republican routinely makes bonkers claims, which amount to very little, and his latest absurdities are little more than a clumsy effort to distract attention away from his Jeffrey Epstein scandal. Perhaps. But with the White House pulling the strings at the Justice Department, and Attorney General Pam Bondi effectively positioning herself as a political operative who's a little too eager to make the president happy, it's hardly outlandish to wonder whether federal prosecutors might actually try to build a case against the former Democratic president. Around this time four years ago, Charlie Sykes said during an appearance on MSNBC, 'A clown with a flamethrower still has a flamethrower.' It's a quote that came to mind anew this week. This article was originally published on
Yahoo
2 minutes ago
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NYSE Content Advisory: Pre-market update + NIQ to debut, NYSE joins AI Summit
NEW YORK, July 23, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. The NYSE is participating at the All In and Hill and Valley's "Winning the AI Race" Summit, capturing insights from key voices shaping the future of business, technology, and innovation. Ashley Mastronardi delivers the pre-market update on July 23rd Stocks are fractionally higher Wednesday morning after President Trump announced a "massive deal" with Japan. This move includes a reciprocal tariff of 15% on exports to the U.S. and Japan investing $550 Billion to the U.S. Investors are also paying attention to a slew of earnings throughout the day including NYSE-listed telecommunications giant AT&T. Tesla and Alphabet headline earnings after market close. Consumer intelligence company NielsenIQ celebrates its IPO at the NYSE this morning. The company, which raised over $1 billion, will ring the opening bell and begin trading under the ticker symbol NIQ. The NYSE is participating in the All In and Hill & Valley "Winning the AI Race" Summit in Washington D.C., engaging with influential leaders and innovators to gather strategic insights on the evolving intersection of AI, business, and technology. Opening BellNielsenIQ (NYSE: NIQ) celebrates its initial public offering Closing BellGotham FC celebrates becoming the first American women's pro soccer club to win a continental competition Click here to download the NYSE TV App View original content to download multimedia: SOURCE New York Stock Exchange View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 minutes ago
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Should You Consider Selling Your Stake in JBG SMITH Properties (JBGS)?
Aristotle Capital Boston, LLC, an investment advisor, released its 'Small Cap Equity Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter started with a risk-off environment from the previous quarter, but later regained momentum driven by broad-based elements. In the second quarter, the strategy delivered a return of 3.25% net of fees (3.41% gross of fees) underperforming the 8.50% total return of the Russell 2000 Index. For more information on the fund's best picks in 2025, please check its top five holdings. In its second quarter 2025 investor letter, Aristotle Capital Small Cap Equity Strategy highlighted stocks such as JBG SMITH Properties (NYSE:JBGS). JBG SMITH Properties (NYSE:JBGS) is a real estate investment trust that owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The one-month return of JBG SMITH Properties (NYSE:JBGS) was 12.30%, and its shares gained 14.36% of their value over the last 52 weeks. On July 22, 2025, JBG SMITH Properties (NYSE:JBGS) stock closed at $18.71 per share, with a market capitalization of $1.412 billion. Aristotle Capital Small Cap Equity Strategy stated the following regarding JBG SMITH Properties (NYSE:JBGS) in its second quarter 2025 investor letter: "JBG SMITH Properties (NYSE:JBGS), a Washington, DC-focused real estate investment trust that develops, owns and operates a portfolio of mixed-use properties (multifamily, commercial, development and land assets). Concerns related to the company's capital allocation plans along with deteriorating fundamentals in their core operating market prompted our decision to exit the position." A view of a bustling city skyline featuring the public company's high-growth office buildings. JBG SMITH Properties (NYSE:JBGS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held JBG SMITH Properties (NYSE:JBGS) at the end of the first quarter, which was 14 in the previous quarter. While we acknowledge the potential of JBG SMITH Properties (NYSE:JBGS) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
