Friday, August 7, 2026

The Hound | Aug. 7

                                                  

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Hi there,

It’s Friday. A new Senate investigation by Sen. Ron Wyden has found that Bank of America, Deutsche Bank, and JPMorgan Chase collectively facilitated over $1.4 billion in suspicious wire transfers for Jeffrey Epstein over two decades — transactions including cash withdrawals with no clear business purpose, payments to women and girls, and tens of millions to convicted sex trafficker Ghislaine Maxwell. Every one of those executives, save one, remains employed in lucrative positions today, facing zero regulatory discipline. And CBS — now controlled by Trump ally David Ellison — killed a finished 60 Minutes segment on the investigation and fired the reporter who led it.

🖊️ Sign the petition to call on the media to cover the Wyden report not as an Epstein footnote, but as the live corruption and cover-up story it is — one that runs from Wall Street boardrooms to the Treasury Department to a CBS newsroom....subscribe and join with others to speak out about important issues....let's stop the EPSTEIN COVER-UP!

This is not a tabloid story. It is a story about how American financial institutions actively enabled a serial child sex trafficker because he was profitable, how the current administration is blocking the investigation into those institutions, and how a newly consolidated media company just buried the journalism that would have told the public about it. The public deserves reporting that names the bankers, follows the obstruction, and refuses to let this story be buried again.

In addition, the Pentagon is posting cryptic biblical messages on social media while the war on Iran rages. And the Trump administration begins the process of deregulating Head Start, putting the early education program at risk.

Read about these, and more, with today’s stories:

Sen. Wyden Report: Banks Systematically Ignored Jeffrey Epstein’s Crimes (The American Prospect)

Trump administration moves to deregulate Head Start, opening door for sweeping change (NPR)

The Pentagon Is Posting Cryptic Biblical Messages on Social Media (The Intercept)

Heat Is Killing Texas Prisoners, and State Leaders Won’t Shell Out for AC (Mother Jones)

Trump’s Gaza Board of Peace issues first building contract – for a military base (The Guardian)

He’s Eligible for Up to $480,000 After Being Wrongly Imprisoned for 42 Years. The State Says No. (ProPublica)

Until next time,

Harry from The Hound

P.S. Do you know someone who would appreciate The Hound? If you can, forward this email and encourage them to subscribe! Let’s stay informed, together.

 

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Today in Politics, Bulletin 435. 8/7/26

                                                 

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… After Sen. Lisa Murkowski (R-AK) announced last night that she was voting against the nomination of Trump’s criminal defense lawyer Todd Blanche to be AG, it all came down to Sen. Bill Cassidy (R-LA), who said he was going to make his announcement at 10:40 AM.

… Some people held out hope that Cassidy would vote against Blanche since Trump relentlessly attacked and ousted Cassidy in the Republican primary, ending his political career. But Cassidy has decided to leave the senate the same way he spent most of his time there - as a spineless coward.

… Cassidy: "Blanche is not perfect, and he will tell you this. But the choice is not between perfection and Blanche. It is between Blanche and another acting attorney general who may not run the department effectively under Trump, and who indeed may not be as good as Blanche."

… So he’s voting to confirm Blanche because he thinks Trump might pick someone even worse if he doesn’t. This is where we are.

… Meidas reporter Pablo Manriquez asked Sen. Chris Van Hollen (D-MD) about it: “Yeah, this is disappointing because we’ve heard from our Republican colleagues that they want an AG who’s going to stand up for the Constitution, and now they’re voting for an AG who has really pledged his loyalty to Trump. I mean, this is Trump’s former personal attorney, and every day that he’s has been in the DOJ, he’s been acting not like the AG, but as Trump’s personal attorney. So this is a sad day for DOJ.”

… And so Cassidy nears the end of his unprincipled political career despised by Trump, MAGA, Democrats, Independents, Libertarians, Socialists, MAHA - pretty much everyone. What a generational run.

… Murkowski: “I will oppose his nomination. I take issue with the handling of the release of the Epstein files; the sweeping immunity protections granted to the President, his family, and their businesses; the statements that have been made to anti-abortion groups; and the repeated targeting of individuals ranging from former admin staff to sitting US Senators.”

… “I am also keenly aware that DOJ’s nearly $2-billion dollar slush fund—which likely would have rewarded January 6 protesters—is only off the table because this nomination is pending and the Senate has leverage. Once we vote, that will end, and there is no telling what the future holds.”

… “The country needs an AG who will check the worst impulses of this admin. I hope Blanche is able to achieve that, if confirmed, but I simply do not have confidence that will be the case.”

… CNBC: “The US economy saw an unexpected declined in jobs during July while the unemployment rate edged lower. Nonfarm payrolls fell by a seasonally adjusted 23,000 for the month, compared with a downwardly revised 20,000 for June. The Dow Jones consensus forecast had been looking for a gain of 83,000.”

… “At the same time, the unemployment slipped to 4.1% as the labor force participation rate fell further to 61.4%, its lowest in more than 5 years, another indication that fewer Americans were working or looking for jobs.”

… CNBC announcing the jobs report numbers live: “Minus - MINUS 23,000 on non-farm payrolls. That would be the second worst number of the year. Revisions? Another whopper! Minus 103,000. Average hourly earnings - another big miss!”

… Fox announcing the report: “Minus 23,000! No rebound for the July jobs report. A disappointing jobs report.”

… Fox brought WH economic advisor Kevin Hassett on for his typical routine of lying about the latest set of dismal numbers:

  • Q - “We’ve had 3 months now of real weakness in the job market. Is the economy moving into a new phrase where we’re losing jobs? That would not be good politically for the president. Hassett: I don’t think that’s what we’re seeing at all. One of the things we have to remember is that because we’ve been deporting folks, that put downward pressure on what the breakeven job number is.”

  • Q - Why did the economy lost 50,000 govt jobs? Hassett: “It was one of those weird seasonal things. Because there was a lot of snow in the winter, a lot of schools had to stay open longer for the snow days, so the teachers got laid off in July instead of the end of June.”

… Economist Justin Wolfers: “That’s a big kick in the guts. Payrolls is much weaker, and the US lost -23k jobs in March, well below expectations of +80k. Huge downward revisions, too: May now +63k (instead of +129k), June now +20k (down from +53k).
Very bad news. Revise down your views substantially.”

… “Here’s why this is so grim. Folks expected jobs growth to slow to +80k, but we got -23k. Also downward revisions to the last two months subtracted a total of -103k.
So over the past 3 months, the US economy created about -200k fewer jobs than we had thought.”

… Economist Heather Long: “This is a bleak jobs report. The US labor market is stalling again and that is going to make the Fed’s job harder and life for job seekers rough. The big surprise was job losses in July. But that was only the beginning of the bad news. The unemployment rate fell for the wrong reasons. People continue to leave the labor force.”

… “Labor force participation is at the lowest level since Feb 2021. Even worse is that wage growth cooled to a mere 3.2%, the lowest level in 5 years. This is not what workers need as inflation soars again. Healthcare is the main industry hiring again. That’s not helpful for the economy.”

… Politico: “TN GOP Rep. Andy Ogles was ousted by a Republican challenger on Thursday, a blow to Trump and Speaker Mike Johnson who tried to boost his campaign in the final days. Former TN Ag Commissioner Charlie Hatcher won the primary after outraising Ogles, receiving a late endorsement from Gov. Bill Lee and seeing a flood of outside money on his behalf from a renewable energy super PAC.”

… “Ultimately, that spending, coupled with a newly redrawn district that forced Ogles to reach new voters, helped end his reelection bid. Ogles has also faced a number of controversies since he was first elected in 2022.”

… “He deleted a homophobic social media post that was denounced by members of his own party in June, and he drew severe backlash for another post in which he said ‘Muslims don’t belong in American society.’ In 2024, the FBI searched Ogles’ phone during an investigation into campaign finance records. And in 2023, he faced scrutiny for false claims about his resume.”

… “Ogles’ loss makes him the second Trump-endorsed candidate to lose a primary this week, after a Michigan House candidate who had the president’s backing fell to a challenger who had already dropped out.”

… Semafor’s Dave Weigel: “Ogles joins Dan Crenshaw in the elite club of Republicans who might have gotten reelected in their old seats, but couldn’t in the new districts drawn by their own party to get rid of Democrats.”

… CNN reporter Aaron Blake: “Ogles is the second Trump-backed House candidate to lose this week (after Amir Hassan in Michigan). Trump is now up to 6 failed endorsements this primary season, which is more than 2018, 2020 and 2024.”

… Knox News: “There will be 3 new faces and a 5-4 Democratic majority on the Knox County school board next month after Brandy Jenkins flipped a reliably Republican South Knox County seat in the Aug. 6 election. A standing ovation broke out for Jenkins at the Democratic watch party as she clinched the win in District 9, defeating Republican Bill Sofield.”

… Jenkins to the exuberant crowd: “I cannot wait to sit alongside Breyauna Holloway, Anne Templeton, Patricia Fontenot-Ridley in District 3 and Kat Bike. I will serve you proud. I can’t wait to serve our community. We did it guys. We flipped the school board. We can actually advocate for things that are going to matter.”

… Knox is the 3rd largest school district in TN and has been a solid Republican part of the state.

Craig Mauger with Detroit News: Multiple Republicans told me that Amir Hassan lost his race for the US House because of his name. He was defeated by an opponent who had dropped out of the race before the election. One Republican: “They’re scared of the Arab Americans taking over in the area.”

Mike Johnson was on CSPAN defending Max Miller again: “We don’t take disciplinary action against members for allegations. It’s in his own words ‘a nasty divorce proceeding’. He thinks it’s a hit job on him.”

… Semafor: “Chuck Schumer’s Democrats are on the offensive in 6 states currently held by Republicans. He’s eyeing more. Schumer said that he’s paying close attention to KS Democrats after pastor Adam Hamilton won the Dem nomination to face Sen. Roger Marshall. Schumer called Hamilton a ‘moderate; he has 40 churches in KS, and 100,000 people listen to a sermon every Sunday. That’s a lot of people.”

… And though he said it’s still a “long shot,” Schumer sees potential in MS Democrat Scott Colom’s run against Sen. Cindy Hyde-Smith. He called Hyde-Smith “extremely weak” and Colom a “tough prosecutor who’s won elections in a tough district.” All told, Schumer is now looking at competing for 8 GOP-held seats - AK, ME, NC, OH, TX, IA, KS, and MS - while his party needs to net 4 seats to flip the majority.

… Schumer: “That’s how you build a majority, by expanding the map. And I’d like to build a majority that not only is in 2026, but on into the future. We’re always looking to expand the map with candidates who fit their states.”

… Axios: “Read the polls, watch economic indicators and talk to Trump’s inner circle in private, and the verdict on his second term seems clear: Even some longtime insiders fear he’s trapped by a war he shouldn’t have waged, tariffs he shouldn’t have levied, monuments he shouldn’t be obsessed with.”

These 3 topics chew up much of Trump’s time and attention. All 3 are widely unpopular in polls. NYT reporter Maggie Haberman estimates 70% of the president’s mindshare goes to renovations and monuments. A Trump insider: “He concentrates on the hobbies that distract from his terrible polling numbers, about which he is in denial. The other issue is how the war, tariffs and monuments are demoralizing the base.”

… “And we keep hearing complaints from top Republicans about Trump’s reluctance to unleash the $400 million cache built by his super PAC. The unwillingness to spend big, now, in game-changing races has ‘demoralized donors,’ the insider said. There’s a saying in politics that campaigns are won and lost in the summer. For Republicans, this was the Trump-induced summer of discontent.”

… Trump gave an interview to Punchbowl editor Jake Sherman:

  • On Murkowski voting against Blanche: “I’m against Murkowski. I do more for Alaska than any president in history. No president’s done for Alaska what I’ve done. She’s not good.”

  • Q: “How many individuals take advantage of birth tourism? Trump: I’ll tell you right now, hundreds of thousands. You have one man came in with a family had said he had 56 children. Another one came in - they said they had 98 children.

… I’m a little skeptical of those numbers.

  • Q - “Democrats want to impose ethics restrictions and limit your family’s ability to conduct crypto business while in office. How do you feel about that? Trump: We’ve done a great job on it, but they want me to be different than everybody else. Q - So you’re against it? Trump: I let my kids run it. I never talk to them about it. I don’t talk to them about much other than to say, ‘I love you kids.’“

  • He said he has no obligation to campaign for Republicans in the midterms: “I didn’t have to be away in NV yesterday, I didn’t have to be in LA yesterday making speeches. I didn’t have to be supporting all the people. You know, I have a busy schedule.”

  • “I said to somebody, ‘I won. I’m not campaigning’. The question is… If I don’t run, will those people go out and vote? And that’s the one thing I can’t tell you.”

  • Trump said he’ll ask his MAGA supporters to vote, but said: “A lot of them are angry at Republicans. They’re not angry at me. But they are angry at Republicans.”

… Sounds a lot like someone who knows the midterms are going to be a disaster and is already preemptively trying to distance himself from them so he can blame other people.

… Puck: “Top Trump political advisers gave senators a briefing yesterday on the midterms. They didn’t address about the one thing everyone cares about: When and how will MAGA Inc. spend its $400 million. Some wondered what was the point of the briefing.”

… These people actually think Trump raised $400 million to spend it on them because he’s a team player. How cute.

… 75 year old, lifelong Republican John Gannon told CBS that he no longer supports Trump after ICE arrested his 45 year old Venezuelan girlfriend: “I voted for Trump. They are picking up law abiding people, they’re destroying families, jobs. I wouldn’t vote for him again, not after this. 8 ICE agents swarmed Jasmine. I was in total disbelief.”

… That’s what he voted for!

We are just 88 days until the midterms and I feel the mixture of excitement and anger building among Democrats and discontent, disillusionment and apathy from Republicans. Big changes are coming in a lot of places all over the country - federal, state and local. I can’t wait to vote.

I’m off tomorrow and will be back with the Weekend Bulletin on Sunday night. Wild blueberry harvest season has concluded here in Maine and this weekend is the big Wild Blueberry Festival. So we are going to that to check out a million different things made with blueberries from lot of amazing Maine home cooks.

If you missed yesterday’s Bulletin, you can find it here.

Meidas+ is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.


… Politico: “A federal appeals court panel has ruled against Trump’s attempt to unilaterally demolish portions of the WH to build a massive ballroom, saying the unprecedented project requires congressional approval. The appeals court put its ruling on hold for two weeks to allow Trump to seek relief from the Supreme Court. If the high court doesn’t act by then, above-ground construction at the site would have to halt.”

… From the decision: “Executive actions that take control of that property out of the hands of the people’s representatives while irreparably harming the historical and visual architecture of perhaps the most prominent public building in the US seriously intrude on the public interest.”

… “The bold assertion that the Executive can act with utter lawlessness, destroying treasured national landmarks and harming the interests of individuals, and that no court can stop it flouts our constitutional order. While this court accords great weight and deference to invocations of national security and the safety of the President, such arguments are not an automatic get-out-of-law-free card.”

… Reuters: “The Trump admin’s streak of courtroom defeats in its effort to obtain state voter rolls reached 21 this year when a judge ruled this week that states are not required to share the records with the federal govt. With Trump’s Republicans defending slim majorities in both chambers of Congress, his admin has mounted an aggressive effort to expand federal oversight of elections ahead of the midterms.”

… “Trump argues that widespread noncitizen voting is benefiting the Democratic Party, even though state audits and independent studies have found noncitizen voting to be rare. Just 129 people have been prosecuted for noncitizen voting since a law criminalizing it was passed in 1996, and that most of those cases stemmed from voter confusion or miscommunication with election officials rather than any conspiracy.”

… “Repeatedly, and as recently as this week, judges have found the US Constitution gives states primary responsibility for running federal elections and that federal voting laws do not require them to hand over the records.

… Politico: “Interior Depart staffers were optimistic after Doug Burgum was confirmed to lead the agency in 2025, believing he had strong executive experience as governor of energy-rich ND who led successful tech startups and businesses.”

… “But since he took over at Interior last year, that hope has been replaced by confusion and concern that the agency is poorly run, has devolved into secrecy and has lost thousands of the staff needed to manage the national park systems and millions of acres of public lands.”

… “Former employees accuse Burgum of surrounding himself with a toxic leadership team, leading to staffers fleeing. Since Burgum came in, several top officials have left the agency — including the Senate-confirmed legal counsel, the secretary’s former chief of staff and Interior’s top energy official.”

Tony Irish, who worked at Interior for more than 20 years: “Burgum appears to combine arrogance with an utter lack of curiosity or humility to seek out the advice of people who have dedicated their professional careers to Interior’s objectives. I think it shows his disdain for the rank and file.”

… NYT: “In January, the World of Concrete trade show drew 47,000 people to the Las Vegas Convention Center. One of them was the manager of a Trump Org golf club in NJ, who had come seeking help with an enormous, unfamiliar task. The manager, David Schutzenhofer, wanted ideas for how to fix the leaking, algae-ridden Lincoln Memorial Reflecting Pool.”

… “Several vendors told him they knew just the guy to call: Rodney Jarboe, the president of the Missouri-based company Creative Polymers. Jarboe had worked on a bridge at another federal landmark, the Gateway Arch in St. Louis. Jarboe said he first spoke in March with Schutzenhofer, who made clear that the work would be rushed. Trump, Jarboe said he was told, wanted the renovation project done in time for the country’s 250th birthday on July 4.”

… “Those initial conversations about the Reflecting Pool kicked off an ad hoc plan by the Trump admin that involved coating the pool with a sheet of blue polyurea, which the president promised would make it beautiful. Within months, though, the pool was drained and ugly — the butt of jokes and memes.”

… “The pool, which was supposed to reflect the Lincoln Memorial and the Washington Monument, became a striking reflection instead of the second Trump admin’s willingness to skirt laws, expend millions of dollars, ignore facts and punish truth tellers in service of the president’s demands to put his mark on the capital.”

… “The Interior Dept, led by Doug Burgum, handed out no-bid contracts and squelched doubts about the costs and risks. An employee from Trump’s private business life, Schutzenhofer, played an off-the-books role in govt decisions. Housing official, Bill Pulte, brought Trump memes that encouraged him to keep going.”

“And when Trump sought to blame the project’s failure on shadowy vandals, Jeanine Pirro backed him up by charging members of the public with crimes, only to have the cases fall apart. Then, in place of accountability, there were falsehoods on top of falsehoods, part of Trump’s longtime strategy of not admitting mistakes and treating concessions of error as signs of weakness.”

… WaPo: “As the US approaches 6 months of war with Iran, the costs to taxpayers and consumers continue to grow, beyond what has yet been fully quantified. Lawmakers are wrangling over a plan to pay the bill. Consumers face bills of their own, including gas prices driven up by supply disruptions during the war. And people around the world face shortages and higher prices, some connected to Iran’s effective closure of the Strait of Hormuz to commercial shipping - as US allies press for a deal to open it.”

… “By Sept, the military will have incurred some $37.5 billion in taxpayer-funded costs in connection to the war, excluding the cost of damage to US bases in the region struck by Iran, according to Hegseth’s latest estimate, which he offered at a hearing last month in which he pushed lawmakers to approve $67 billion in additional funding to cover the expense of the conflict.”

… “House Republicans on July 22 passed a $1.15 trillion defense policy bill and created a $95 billion budget plan that would provide some $73 billion in military and indigence funding, as well as relief for farmers, among other measures. Some analysts, based on their own calculations or projections, put the cost of the war higher than Pentagon estimates.”

… The Hill: “US crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves. The level of the US Strategic Petroleum Reserve is at its lowest level since 1983, leaving the country with 43 days of crude oil supply.”

… Disgraced Rep. Chuck Edwards (R-NC) filed his paperwork to officially withdraw his name from the ballot after the House ethics committee found him guilty of sexual harassment. I thought his signature on the withdrawal paperwork was a bit unusual. Maybe he wasn’t happy about it.

… Politico: State Sen. Mallory McMorrow, who dropped out of the primary last month, said in an interview she was encouraged by the tenor of the party’s unity breakfast Thursday. “To his credit, he asked for feedback,” McMorrow told Playbook of El-Sayed. “What he did well and where he could improve.”

… What did McMorrow tell him he did well? “You got the message right. It was sticky. It was repeatable.”

… And where could he improve? “Being able to recognize that there are good people who just have a slightly different worldview is going to be really important. It’s not turning everybody into an enemy.”

… CNBC: “Homes sold for less than their asking price in 38 of the 50 largest US housing markets. For many buyers, that means more room to negotiate — if they can afford today’s record-high home prices. The 10 largest average discounts from asking price were:

  1. Miami: 4.66%

  2. West Palm Beach: 4.59%

  3. Houston: 3.53%

  4. Austin, TX: 3.17%

  5. Tampa: 3.07%

  6. Dallas: 2.99%

  7. San Antonio: 2.84%

  8. Jacksonville: 2.76%

  9. Pittsburgh: 2.60%

  10. Orlando: 2.48%

… By contrast, home sellers in SF, NY and Boston are getting slightly more than what they ask for, on average.

… Forbes: “Trump’s appearance in Las Vegas on Wed has given way to speculation about a possible hair boost, with people on social media noting the president had particularly thicker-looking hair during his speech. Photos taken of Trump during the speech at Red Rock Casino Resort appear to show a more full and colorful hairstyle than recent public appearances. Some users on X questioned if Trump was wearing a wig.”

Kristi Noem unveiled a new bronze statue of herself in South Dakota today which is intended to pay tribute to her greatness as governor.

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House Democrats Demand Answers From Trump’s VA on Vets Struggling to Access Mental Healthcare

                                                

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Top News | 'Mainers Aren't Stupid': Troy Jackson Says Voters See Through Susan Collins' Charade

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