How Mueller's Investigation Is Like Going After the Mob
There are new developments in Special Counsel Robert Mueller’s investigation into Russia’s meddling in the 2016 presidential election. Friday, former White House National Security Adviser Michael Flynn, pleaded guilty to lying to the FBI. According to Jeet Heer, Editor at The New Republic, the plea is a result of Mueller cracking down on President Trump.
“He’s used to dealing with mobsters,” Heer says of Mueller, who headed the FBI for 12 years before being appointed as a special counsel for the Department of Justice earlier this year. “The way you deal with mobsters is you get the goons first, you get the higher ups, the capos, and then you get the godfather.”
Heer believes Flynn’s cooperation means he has flipped against the president, which could eventually lead to the FBI apprehending White House Senior Advisor and President Trump’s son-in-law, Jared Kushner. Heer says Mueller has managed to ensure that there won’t be any presidential pardons available, as there are ongoing state-level investigations, too.
“There’s a lot of leverage and it's all on Mueller’s side,” Heer said.
Meanwhile on Capitol Hill, Senate Republicans are leading a fierce battle to pass a vote on the GOP tax plan, which is expected to raise the national debt to $1.7 trillion, according to the CBO. Heer says the bill can pass, but it has to be now or never, since the party also had a very poor performance during the 2017 off-year elections.
“Republicans are headed to a tough season, which means they should probably get whatever they can out of the way,” he said.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that some of the major stock positions are getting the most lift to the upside as the major indexes climb higher to begin the week.
