Office of Management and Budget Director Mick Mulvaney did an excellent job today pushing back against the UniParty and their slobbering media water-carriers today.
Mulvaney was unexpected by the White House Press Corps who were apoplectic at the conclusion of the briefing:
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The media response was priceless:
For the past week we’ve been outlining the ROOT ISSUE within the DC swamp: ♦Why congress isn’t providing Trump policy legislation; ♦what impact that is having; and ♦what appears to be surfacing as a solution.
The truthfulness behind any larger discussion is backed-up by research: ♦The history of DC lobbyists admitting they control congress; ♦who created this broken system, and why the larger media avoids discussion of it. [Although Rush Limbaugh did partially report]
When research is on point, and when you find yourself directly over the target, naturally occurring current events become almost eerily predictable.
Reuters is reporting on a stunning financial prediction coming from the Federal Reserve in Atlanta. Their 2nd Quarter prediction falls in line with many of the “new dimension” economic predictions we have been anticipating.
The Atlanta Fed is predicting 4.3% growth:
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 4.3 percent annualized pace in the second quarter, rebounding from a 0.7 percent increase in the first quarter which was the weakest in three years, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.
This is much faster than the latest second-quarter gross domestic product estimate of 2.33 percent from the New York Federal Reserve. (read more)
There is a disconnect in traditional economic quantification that we have been predicting for well over a year. It’s the same disconnect currently reflected in the jobs numbers between payrolls and the Fed explained here. We also outlined additional data two months ago which the federal economists admit they cannot reconcile – Expanded HERE.
For 30+ years U.S. economic political policy has been driven by Wall Street interests. STOP. Main Street, the middle-class and the American worker have suffered. STOP. The successful election of Donald Trump, and the execution of his “main street” economic policy agenda, has sledgehammered the prior economic machine into a full seizure an halt. FULL STOP.
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.
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.
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.
Sir Spitsalot was not having a good day today when asked to join a panel discussion of how Democrats have responded to the first 100 days of President Trump’s administration.
The gist of the discussion centered around the Democrat party’s decision to focus on social and environmental justice issues. Spittles was asked if dancing naked around a campfire chanting anti-Russian rainbow memes while selling sustainable algae cakes was an effective strategy to reach most American voters. The video is below:
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.