Yes, says Bill Galston, contending that “Donald Trump is waging and winning the third major revolution in the Republican Party since World War II.” First there was Eisenhower reconciling the GOP with the New Deal. Then there was Reagan, who wrought a “remarkable fusion of supply-side economics, anti-Soviet internationalism and social conservatism.” And now? Excerpt:
Is the establishment's fervent hatred of Donald Trump starting a U-turn? It's still too early to know, however at least one core Republican, former house speaker John Boehner, has made it very clear he is not a fan of Ted Cruz. At all. So much so that according to NBC the former Republican House Speaker told an audience at Stanford University Wednesday that the Texas senator is "Lucifer in the flesh" and a "miserable son of a bitch."
Donald Trump will give a foreign policy speech later today as part of his campaign’s attempt to present him as a more credible general election candidate. He’s speaking at an event sponsored by the Center for the National Interest (former President Nixon is not amused), which will probably produce another round of arguments about Trump’s supposed realism.
With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week. China’s stocks rose the most in almost two weeks, up 0.6% but failed to rise above 3000 on the Shanghai Composite, in thin trading.