Concessions by Speaker Kevin McCarthy in House Speaker’s Battle Called ‘Most Significant Win for Conservatives in a Decade’ By Federalist’s Emily Jashinsky Report; plus MHVille Stocks Updates

ConcessionsBySpeakerKevinMcCarthyInHouseSpeakersBattleCalledMostSignificantWinForConservativesInADecadeByFederalissEmilyJashinskyReportplusMHVilleStocksUpdatesMHProNews

For those conservatives and others who might question if the 2022 battle for control of the House of Representatives will lead to any meaningful changes in Washington, D.C. the Federalist’s culture editor Emily Jashinsky has called it “the most significant win for conservatives in a decade.” “The press painted all of the HFC [House Freedom Caucus] with the same broad brush and missed the real story: They out-negotiated leadership and changed the House in a serious way.” Those specific rules changes and analysis are the focus of Part I of today’s “Industry News, Tips, and Views Pros Can Use” © in the following report provided by the WND NewsCenter to MHProNews on that Federalist column by Jashinsky. Part II will be additional facts and analysis on the points made in that report and related editorial. Part III of today’s post will be the Daily Business News on MHProNews signature update on manufactured housing connected equities. For newcomers, those include manufactured home communities’ (MHCs) real estate investment trusts (REITs) and our popular, time-saving left-right (CNN and Newsmax) headline recap of market-moving news.

Part I.

WND

Concessions in speaker fight ‘most significant win for conservatives in a decade’

‘They out-negotiated leadership and changed the House in a serious way’

By Peter LaBarbera Published January 9, 2023 at 5:47pm

An essay in the conservative Federalist approvingly quotes a “senior congressional aide” who calls the concessions won by dissident House Freedom Caucus Members in the battle to elect the House Speaker the “most significant win for conservatives in a decade.”

“Everything that Republicans and conservatives say they hate — giant, thousand-page spending bills negotiated by a handful of people with little input from anyone else, plum committee assignments reserved for insiders, and a closed off amendment process — is addressed here,” the Republican aide told the Federalist culture editor Emily Jashinsky in her Jan. 9 piece.

“The real story of [California Rep. Kevin] McCarthy’s winding road to the speakership is bigger than he is, bigger than the GOP, and bigger than the 118th Congress,” reads a subhead for the article.

“While the political establishment preferred to focus on personalities and melodrama, the concessions that [House Freedom Caucus (HFC)] members managed to wring out of McCarthy are shockingly consequential. Without another speaker candidate waiting in the wings, serious negotiators like Rep. Chip Roy knew they had the upper hand and could push the GOP establishment much further than anyone imagined,” writes Jashinsky.

Meanwhile, Republicans like Texas Rep. Dan Crenshaw who took a hard line against HFC dissidents have political egg on their face, as the scope of the HFC’s hard-fought reforms — which surely will benefit all Republicans working for conservative policies — comes into focus.

Crenshaw himself apologized for calling the Freedom Caucus holdouts “terrorists,” but not before he was excoriated by leading conservatives for his insulting remarks.

Country singing star and conservative advocate John Rich, who has taken the stage on behalf of several major Republican candidates over the years, tweeted Monday to his 832,100 followers: “Hey @DanCrenshawTX, I for one am very disappointed, but not surprised that you called Republican holdouts in the House, ‘terrorists.’ Glad I decided not to play your event last year.”

 

(“In an interview with CNN Anchor Jake Tapper…Crenshaw said he used the term as a ‘turn of phrase’ and didn’t mean to call his colleagues actual terrorists,” the Houston Chronicle reported.)

Here are the main concessions cited in the Federalist as outlined by Rep. Andrew Ogles, R, Tn., in an article by Roger Simon January 6 in The Epoch Times:

  • As has been reported, it will only take a single congressperson, acting in what is known as a Jeffersonian Motion, to move to remove the speaker if he or she goes back on their word or policy agenda.
  • A ‘Church’-style committee will be convened to look into the weaponization of the FBI and other government organizations (presumably the CIA, the subject of the original Church Committee) against the American people. [For more on the Church Committee, led by Sen. Rep. Frank Church, D-Id., see this piece by the National Constitution Center.]
  • Term limits will be put up for a vote.
  • Bills presented to Congress will be single subject, not omnibus with all the attendant earmarks, and there will be a 72-hour minimum period to read them.
  • The Texas Border Plan will be put before Congress. From The Hill: ‘The four-pronged plan aims to ‘Complete Physical Border Infrastructure,’ ‘Fix Border Enforcement Policies,’ ‘Enforce our Laws in the Interior’ and ‘Target Cartels & Criminal Organizations.’’
  • COVID mandates will be ended, as will all funding for them, including so-called emergency funding.
    Budget bills would stop the endless increases in the debt ceiling and hold the Senate accountable for the same.”

The Federalist’s take on the Speaker battle is no outlier. Far from it. Many activists and thought-leaders on the Right who have long complained about the D.C. legislative morass, the GOP’s unprincipled “establishment” and go-along-to-get-along “RINO” (“Republican In Name Only”) elites agreed. Now some are pressing other McCarthy allies who condemned the tactics and motives of the supposedly “selfish” Freedom Caucus upstarts to apologize for their harsh comments.

Greg Price, an influential conservative on social media, tweeted:

“I was reliably informed that the 20 R’s were grandstanders who were going to get a Dem elected Speaker. Instead, they negotiated a Church Cmte, single subject bills, 3 Freedom Caucus members on the Rules Cmte, a plan to balance the budget, and McCarthy still ended up Speaker.”

 

 

In breaking news, it appears Crenshaw was beaten out in his bid for chairman of the House Committee on Homeland Security by conservative Rep. Mark Green (R-Tn.), as Politico reported. Price cheered what he said was a victory over a “neocon loser”:

Some Fox News hosts also came in for a drubbing by conservatives for dismissing the Freedom Caucus dissenters and attacking their motives, with notable exceptions like Tucker Carlson, who championed their fight to wring concessions from McCarthy. For example, high-profile talker Sean Hannity was criticized for his disrespectful interview with Freedom Caucus dissenter Lauren Boebert, which one conservative on Twitter described as “cringeworthy.”

Fox News alum and conservative Christian commentator Todd Starnes tweeted: “All those conservatives on Fox News and in talk radio who are pushing McCarthy are the same ones who told us to back Romney and McCain.”

Jashinsky in The Federalist writes of the unlikely outcome:

“From 30,000 feet, a four-day delay in the speaker vote is hardly the outrage pundits framed it as. The rules package is mostly unobjectionable institutionalism. Sure, it’s remarkable HFC won these concessions, but only because party leadership in D.C. is so unaccustomed to losing. The press painted all of the HFC with the same broad brush and missed the real story: They out-negotiated leadership and changed the House in a serious way.” ##

 

Notice: the social media post below is not in the WND report.


Part II. Additional Information with More MHProNews Analysis and Commentary

Stating the obvious can bring clarity to issues. Behind every politician are the people who have put or kept them in office. In the case of now-Speaker McCarthy (CA-R), there are several voices on the political right that have said he may be better than Senate Minority Leader Mitch McConnell (KY-R), but ‘that’s not saying much.’  He is purportedly more in the pocket of the larger corporate interests is a claim by McCarthy critics.

For instance, pro-Trump talk radio pundit and author Wayne Allen Root (“WAR”) tore into McCarthy last week during the battle for the speaker’s gavel. Root, former Trump White House Advisor Steve Bannon, WND Publisher Joseph Farah, and MHProNews were among those took Rep. Matt Gaetz (FL-R) seriously and publicly called for Trump himself to be made the House Speaker. That the topic was popular is reflected by the fact that the article quickly rose to the top of all reports and remains the runaway #1 most read for January 2023 on MHProNews.

 

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While that may seem inconsequential at this point, the Federalist’s Jashinsky viewpoint and others cited or alluded to by the WND report above ought to make it clear that the pushback against “neo-con” McCarthy is significant. It is worth noting that Trump himself was in some ways on both sides of the Kevin McCarthy for speaker debate, as the MHProNews report linked above establishes.

The case could be made that if a “Jeffersonian Motion” to vacate the chair were to occur, that Trump himself might emerge as one of those alternatives to McCarthy.

In the meanwhile, Trump has been publicly thanked by McCarthy for the part he played in bringing the holdouts in the House Freedom Caucus (HFC) into the deal that has now resulted in serious governing rules concessions.

So, much like Jashinsky’s editorial argued, the changes negotiated by “conservatives” in the HFC could well prove to be quite significant. The HFC “MAGA” conservatives battle was not a meaningless exercise. Time alone will tell, but it has the potential for being consequential.

In an environment of runaway government in several states and at the federal level, these institutional concessions – if properly acted upon by Republicans – could prove to be a valuable point to bring more independent and Republican voters out in greater numbers in 2023 and 2024 election contests. More moderate Democrats, such as those who have concerns over a ballooning budget deficit, skyrocketing federal debt and what some call un-Constitutional runaway governmental power, could find the GOP message of greater interest in 2023 and 2024 too. All that is predicated on the big IF – if Speaker McCarthy holds to those principles and works with the HFC in meaningful ways. But with the rules in place, that may be more likely.

What does all this Washington theatrics mean for smaller businesses or the manufactured housing industry?

While the changes in the House may be seem to some to be nuanced, some of the commitments could be consequential. For instance, if the GOP manages to stop the hiring of an additional 87000 IRS agents, that alone could be a blessing to all those who might have been audited but won’t be if the size of the revenue agency remains the same. By the way, a report on that topic indicates that millionaires are less likely to be audited than those who claim the Earned Income Credit. Per CBS News some 6 days ago: “Those who earn less than $25,000 and qualify for the Earned Income Tax Credit are audited at five times the rate of everyone else.” A university connected source said on that point that: “Even though the IRS applied one-fourth of these hours to auditing millionaires, still barely over 1 out of every 100 millionaires were audited.”

Another illusion about ‘taxing the rich’ is thus skewered by those pesky facts.

In conclusion for Part II, while the battle for a healthier American Republic is ongoing, some of the developments and lessons learned in 2022 and the battle for the speaker’s role and related governing rules for the House could prove consequential. There is a reason why Joe Biden has said he wants to work with Republicans. To move any legislation, he has no choice. See the related reports to learn more.

 

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Part III. Daily Business News on MHProNews Markets Segment

The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

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Headlines from left-of-center CNN Business – from the evening of 1.9.2023

  • Wall Street is feeling bullish
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In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror more so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. or example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts. https://www.manufacturedhomepronews.com/in-the-business-world-the-rear-view-mirror-is-always-clearer-than-the-windshield-warren-buffett-mhville-leader-showcases-efforts-to-renew-american-dream-plus-sunday-weekly/

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  • Horowitz: GOP Being ‘Too Nice’ With Dems’ Attacks | video
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Updated

  • NOTE 1: The 3rd chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
  • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
  • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
  • Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.

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2022 Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
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CongRepAlGreenDeskTamasKovachLATonyKovachPhoto12.3.2019ManufacturedHomeProNews
All on Capitol Hill were welcoming and interested in manufactured housing related issues. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. Tamas has grown considerably since this photo was taken. 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.

 

 

 

 

 

 

 

Consumers ‘Fears for the Future’-Mortgage Payments Surge Since 2021, Buyers Get Priced Out–Conventional Housing Woes are Manufactured Home Pro Opportunities; plus MHVille REITs, Stocks Update

 

 

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