U.S. Treasury Secretary Steven Mnuchin discusses the White House’s recently unveiled tax plan in a wide-ranging interview with CNBC’s David Faber.
As previously mentioned, part of President Trump’s overall economic policy is a restructuring of U.S. banks and financial organizations to remove the structural issues within globalist leverage benefiting Wall street via multinational banks. Trump has proposed a modern 21st Century Glass-Steagall law of sorts.
Today President Trump talked to a group of leaders from local and community banks:
[Transcript] 12:01 P.M. EDT – THE PRESIDENT: Wow, look at that. Oh boy, oh boy. They love Dodd-Frank, don’t they? They love it. (Laughter.) Thank you very much. I appreciate it. Very nice. Sit down, please. Beautiful hats. (Laughter.)
Well, thanks, Mike Pence. And Mike has been so great, and he’s on your side, believe me. He’s on everybody’s side.
It’s a pleasure to welcome the community bankers to the White House today. I want to, in particular, thank Cam Fine. Cam Fine. Stand up, Cam Fine. Pretty well-known guy, too, huh? (Applause.) Congratulations, Cam, for leading the Independent Community Bankers of America. And thank you for all being here today. Very, very special.
If you didn’t read the Part-V explainer of how we got to this point in congressional history stop and go read it. This stuff is all connected and cannot be absorbed without a thorough understanding of motives behind the advancing agenda-writers.
Make Sure You Watch The Embed Video (below) from Wilbur Ross.
The interim Continuing Resolution (CR) is fraught with demands of the “Big Club”. That is: Wall Street, their lobbyists, and those who have created the UniParty for over three decades. The “Big Club” is fighting back against the insurgent presidency of Donald Trump and is using the Republican wing of the UniParty to do it.
It is Republicans, not just Democrats, in congress who are putting the most toxic spending priorities within the $1+ trillion spending bill and forcing a spending bill onto President Trump’s desk which factilitates the needs of the lobbying class and undermines parts of the structural agenda of President Trump.
The outrage should be rightly focused on the UniParty in congress, and more specifically the Republicans therein, not President Trump.
What would the ankle-biters and antagonists (gnats) have President Trump do? Veto a bill constructed by bipartisan legislation in congress? Shut down government? That’s exactly the dynamic the “Big Club” has set up through their paid opposition represented by Paul Ryan and Mitch McConnell.
Posted in Bailouts, Big Government, Big Stupid Government, Dem Hypocrisy, Economy, energy, Environmentalism, EPA, Government Shutdown, Legislation, media bias, Mitch McConnell, Paul Ryan, Predictions, President Trump, Professional Idiots, propaganda, Trade Deal, Typical Prog Behavior, Uncategorized, US dept of agriculture, US Treasury
President Trump’s economic and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time even before the election victory in November ’16.
If you get too far into the weeds the larger picture can be lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.
Today is a big news day where action on multiple policy fronts becomes visible. Here’s an interview with Treasury Secretary Steven Mnuchin which notes some of the critical financial angles to economic policy.
An important reference here is the earlier understanding of how then ‘candidate Trump’ personally put a platform plank of a Modern 21st Century Glass-Stegall banking reform into his economic policy agenda, and why it is important.
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Here’s the dive:
Congressional negotiators have reached an agreement on a gap budget to operate the federal government through September 30th, the end of fiscal year 2017.
According to some summary information the bridge spending bill is $1.070 trillion for the remaining five months of fiscal year 2017.
The budget allows for $1.5 billion for border security, but does not direct funds specifically for the U.S. Mexico border wall. Additionally the budget provides $15 billion for military spending. The National Institutes of Health will gain $2 billion toward medical research and community development grants, and extends health insurance benefits for coal miners.
The catchall spending bill was required because there is no annual budget in place and congress has not operated with a federal budget since fiscal year 2008. President Trump has proposed a fiscal year 2018 budget and congress will be debating that spending proposal over the summer. Fiscal Year 2018 begins October 1st.
President Trump’s Chief of Staff Reince Priebus, sat down for an in-studio interview with Jonathan Snarl on ABC’s “This Week.”
Snarl was particularly offended by President Trump talking to Philippines President Rodrigo Duterte. Reince Priebus pointed out that the Philippines has a critical role in the SE Asian issues surrounding North Korea.
Unfortunately, Priebus did not point out that Duterte is not only president of the Philippines but also current President of the ASEAN (Association of South East Asian Nations) alliance.
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Jonathan Snarl is one of a key group of eight reporters in DC media who use the exact same strategy of narrative building: Media reports on media reports, of media reports, and the concentric circles of irrelevance expand into the infinite horizon of nothingness…
Chinese government officials returned a Texas businesswoman, Ms. Phan-Gillis, to the United States just days after convicting her of espionage charges:
WASHINGTON – […] Phan-Gillis was arrested in 2015 on charges of having spied for the United States in 1996. The Obama administration and United Nations condemned the arrest as a case of “arbitrary detention,” but Chinese authorities proceeded with a case against her that culminated in her receiving a three-and-a-half-year prison sentence on Tuesday. Within days, however, she was returned unexpectedly home — deported, rather than being required to serve her sentence.
…“Literally 30-thousand jobs could be lost if Trump is sworn in. Washington as we know it, and how business is conducted, will change instantly.”… ~DC Lobbyist
Over the past few days we have been providing background explainers on why congressional legislation is frozen. The lack of legislative action in the era of Trump is one of the least understood political realities. Corporate media cannot discuss the issue because they are part of the system itself. The election of President Trump threw a wrench into the gears of the entire DC legislative and lobbying machine.
Part I HERE -and- Part II HERE -and- Part III HERE.
The entire political and legislative apparatus is frozen, and it is genuinely impossible to predict what happens next. Where we stand is the outcome building a very targeted system over the course of three decades. The entities and institutions which assembled the system became functionally obsolescent overnight on November 8th 2016.
To fully grasp the tectonic shift, and understand the current challenge, it helps to revisit the words by a key DC machine operator, lobbyist Jack Burkman, who was contemplating the unthinkable prior to the unthinkable becoming a reality:
DC Public Relations2016 […] seismic panic has ensued on K Street as lobbying firms brace for a reality of a possible Donald Trump presidency and what that might mean for them and their futures.
Prominent D.C. lobbyist Jack Burkman said today that he started assembling a delegation of lobbyists and lobbying firms to meet with the New York billionaire and begin building a bridge to the Trump organization.
“Trump is a Washington outsider. We need the outreach now or Trump will bring in a whole new team made up exclusively of New Yorkers, effectively ending our grip on the White House and The Capitol which will bring about the end of life as we know it here,” says Burkman, who represents a diverse set of national and multi-national clients.
♦In Part-I we explained how legislation is actually constructed in 2017. NOT how most people think it is constructed – SEE HERE
♦In Part-II we explained what that modern reality means with a Trump administration, and what will be needed to overcome the corrupted swamp – SEE HERE
The final paragraphs include accepting the reality and pondering:
[…] President Trump is not going to sit and wait for congress to evolve in their ability to turn away from existing lobbyists hanging around to defend their interests. Sooner or later President Trump is going to do something dramatic to break the impasse within the broken legislative system.
Considering that Trump is not a politician, that “something” could get rather ugly.
We are not going to get bogged down in the weeds and loose the capacity to see the larger, more consequential, picture. Staying elevated – However, as if guided by a prescient cue, part of the possible answer to the quagmire becomes evident today:
In Part I we explained why President Trump has not received any legislation:
To Wit: President Donald Trump winning the election threw a monkey wrench into the entire DC system…. The modern legislative machine is frozen in place.
The “America First” policies represented by candidate Donald Trump are not within the legislative constructs coming from the authors of the legislation. Congress has no bills to advance because all of the myriad of bills and briefs written are not in line with President Trump policy.
That’s why congress has not passed any legislation for President Trump to sign.
There’s no entity within DC writing legislation that is in-line with President Trump’s economic and foreign policy agenda. Exactly the opposite is true. All of the DC pipeline legislative briefs and constructs are antithetical to Trump policy.
There are almost zero organizational entities within K-Street presenting any legislative constructs or legislative briefs intended to advance any of Trump’s policy objectives.
Think about how much money is behind the legislative business when those who control the legislation are willing to spend $3.1 BILLION in a single year to achieve their needs.
♦The “Associated American Southern Border Wall and Security Builders” – special interest and lobbying group – simply doesn’t exist. Nor are there any entities creating legal briefs (bills) to facilitate the southern border wall construction.
♦There is no “Associated Illegal Immigrant and Deportation Enforcement” group lobbying for the removal of undocumented illegal aliens; or writing legislation to fast-track deportation of illegal aliens.
♦There’s also no official corporate political action committee or group office on K-Street creating legislation to repeal ObamaCare, or lobby for the removal of government interventionism into the healthcare system. etc.