Clinton's Latest Attack On 'The King Of Debt'

Below is a brief excerpt from Hedgeye Potomac Chief Political Strategist JT Taylor's Morning Bullets sent to institutional clients each morning. For more information on how you can access our institutional research please email sales@hedgeye.com.

IS IT JUNE 7 YET?

Clinton's Latest Attack On 'The King Of Debt' - hillary lates

With Bernie Sanders' victory in WVA last night, Hillary Clinton is looking to run the clock out this month - without attracting further damage to her general election chances.  We've said before that the May primary calendar favors Sanders, but with the Republican field cleared and Donald Trump the presumptive nominee Clinton is unexpectedly (and unpreparedly?) finding herself under attack by him as well as Sanders - precisely at the time when she needs to unite the Democrats. Sanders is poised to win in OR next Tuesday and Clinton is now refocusing her attention on KY (also next Tues) where the coal comments that cost her WVA - which she won in a landslide in 2008 -  are now cutting into her support there.

CLINTON TALKS TYCOONS

The Clinton campaign floated a new attack on Trump, painting the billionaire as a heartless tycoon. No doubt this attack is an attempt to convince the "Never Hillary" Democrats, who feel Trump may provide the shakeup they so desperately want from Bernie, that Trump is less Bernie-like than Hillary. The jury is still out on whether this new approach will actually work to bring Bernie Democrats back into the fold (or backfire a-la-Goldman-speeches).

KING OF DEBT

Clinton's Latest Attack On 'The King Of Debt' - make america

Trump continued to blast past criticisms that his tax plan would raise the national debt by $45 trillion over 20 years and provide $3.2 trillion in tax breaks to millionaires, emphasizing that everyone would get tax breaks. He suggested he would increase taxes on the wealthy, but then said they would "pay less than they pay now" and then "On my plan they're going down. But by the time it's negotiated, they'll go up," which definitely cleared things up.  Ahem.  

He also reiterated his title as "King of Debt," with comments suggesting a Trump Administration might not fully honor Treasury Department bonds. Never one to create confusion, Trump clarified to, "I understand debt better than probably anybody. I know how to deal with debt very well. I love debt -- but you know, debt is tricky and it's dangerous, and you have to be careful and you have to know what you're doing." We're sure global markets are breathing a sigh of relief for the clarification.