Conservative lawyer George Conway predicted Tuesday that an "accelerating tide" of MAGA supporters will break with President Donald Trump as his approval rating sinks to historic lows of 33 percent.
Conway's forecast followed Scott McConnell, co-founder of The American Conservative, publicly expressing shame for voting for Trump three times. Conway argued McConnell would be among many Trump supporters abandoning the president over his Iran war, which contradicts his past anti-interventionist stance and has angered his base.
Conway urged longtime Trump opponents to welcome defectors graciously rather than reproaching them, writing, "the job of those of us who have opposed Trump for years is to resist saying 'I told you so'...but rather to say 'thank you for seeing the light.'"
Conway called for former supporters to join efforts to impeach and remove Trump, stating "the survival of our nation as a constitutional republic depends in no small part on such grace."
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Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more