For several months the Trump administration has been talking about a “V-Shaped recovery,” meaning the COVID-19 rebound would be as strong as the preceding quarter contraction.  Today the Bureau of Economic Analysis (BEA) released the third-quarter economic stats reflecting exactly that, a V-shaped recovery.

The 3rd quarter rebound in GDP growth was 33.1 percent, larger than the 2nd quarter contraction of 31.4 percent.  And keep in mind this is with a major part of the U.S. leisure and hospitality sector remaining severely impacted. [See Table 3, Line 20]

Despite several blue states attempting to stall their economic recovery, overall the economy is rebounding as expected.  Obviously the threat of COVID has been weaponized as an election strategy. It is against the interests of the administration’s political opposition to support a more honest, open and engaged economic recovery.

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The September retail sales show it’s a super-V recovery folks.  According to Census Retail data released today [LINK HERE] – [PDF HERE] September retail sales jumped 1.9 percent, that result is triple what forecasters and economists had projected.  However, the data is even better.  Need more winnamins !

A September 2020 comparison to September 2019 shows last month’s retail sales jumped a whopping 5.4 percent year-over-year.  That means last month saw consumer spending 5.4% higher than consumer spending before COVID-19 hit the U.S. economy. Keep in mind two-thirds of U.S. GDP is driven by retail sales and consumer spending.

Reuters is absolutely apoplectic with disappointment because their forecasters were only looking for 0.7 percent growth, and the 1.9 percent result is almost triple their expectations.  Despite missing the forecast, Reuters doubles-down on a “dark cloud” narrative and sells a doomsayer message because the globalists/multinationals are sad.

(Reuters) […] Retail sales jumped 1.9% last month as consumers bought motor vehicles and clothing, dined out and splashed out on hobbies. That followed an unrevised 0.6% increase in August.

Economists polled by Reuters had forecast retail sales would rise 0.7% in September.

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Amid the latest evidence that Hunter and Joe Biden are selling their ability to influence U.S. institutions to the benefit of foreign governments, I have received numerous requests to once again explain what those foreign interests are purchasing.

Understanding the purchase requires understanding the term “exfiltration” of wealth.  To understand the purchasing system, it becomes necessary to understand the underlying financial & economic constructs; the cornerstone of U.S. wealth. We begin…

President Trump is disrupting decades of multinational financial interests who use the U.S. as a host for their ideological & economic objectives. President Trump is confronting multinational corporations and the global constructs of economic systems that were put in place, by DC politicians and billionaire elites, to the detriment of the USA; ie. YOU.

There are trillions at stake.  All else is chaff and countermeasures.

We are already familiar how China, Mexico and ASEAN nations export our raw materials (ore, coking coal, rare earth minerals etc.). The raw materials are used to manufacture goods overseas, the cheap durable goods are then shipped back into the U.S. for purchase.

It is within this decades-long process where we lost the manufacturing base, and the multinational economic planners (World Trade Organization) put us on a path to being a “service driven” economy.

The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle-class to thrive.

Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.

The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the wealth gap has exploded in the past 30 years.

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Hypocrisy much?  After spending an exhaustive amount of energy and media attention decrying President Trump’s tariffs against imported steel, the European union turns around and quietly does exactly the same thing….  Imagine that.

BRUSSELS (Reuters) – The European Union will impose tariffs on imports of hot-rolled stainless steel coils and sheets from China, Indonesia and Taiwan after an investigation found they were being sold at artificially low prices.

The European Commission, which conducted the investigation, has set duties of up to 19% for imports from China, of 17.3% for product from Indonesia and up to 7.5% for stainless steel from Taiwan, the EU’s official journal said on Wednesday.

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The White House is pleased to release a new report from the Office of Trade and Manufacturing Policy entitled “Donald J. Trump: The Buy American, Hire American President.”

This comprehensive report demonstrates that President Trump has not only talked about “Made in the USA,” he has made it a reality across five dimensions of a comprehensive strategy [pdf available here]:

1. Buy American Government Procurement;
2. Hire American initiatives;
3. Trade negotiations and tariffs;
4. The defense budget and foreign military sales; and  5. Support for America’s maritime industry

By focusing on “Made in the USA” across these five dimensions, the result has been a long-overdue renaissance in American manufacturing and a significant strengthening of America’s defense industrial base. As President Trump has often said, “Economic security is indeed national security.”

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The ADP private sector payroll report [link here] reflects continued rapid recovery from the regional COVID-19 shutdowns. The monthly report shows gains of 749,000 jobs, exceeding the expected 650,000 forecast.

One of the key factors is the expiration of the disincentive via the federal COVID unemployment mechanism that provided an additional $600/month beyond normal earnings in the unemployment package. This has been a topic of many coversations in my travels as working-class businesses have been having a hard time getting people to return to work.  (more on that below)

(Reuters) Private payrolls increased by 749,000 jobs this month after rising 481,000 in August, the ADP National Employment Report showed. Economists polled by Reuters had forecast private payrolls would rise by 650,000 in September. Employment gains were spread across all industries and company size.

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When GM announced they were closing their Lordstown, Ohio, plant in 2018 President Trump jumped into action to negotiate a deal between GM and a new company intent on building an electric pickup truck.  GM sold the plant in 2019 to Lordstown Motors and took a partial equity stake in the new company… a win/win deal that saved the jobs for the auto workers and ancillary businesses in Ohio.

Today President Trump introduces the outcome of that new venture, the 2021 Endurance pickup truck; the world’s first true four wheel drive electric motor commercial vehicle.  President Trump, Peter Navarro, Senator Rob Portman, Congressman Mike Turner, together with  Steve Burns, CEO of Lordstown Motors, Rich Schmidt, Lordstown Motors Employee and Michael Fabian, Lordstown Motors introduce the new vehicle. WATCH:

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[Transcript]  – THE PRESIDENT: Well, ladies and gentlemen, this is incredible. So this is a vehicle where the — essentially, the engines — the motor’s engines are in the wheels. They’re in the wheels — in all four wheels.

It’s Lordstown, Ohio. They make them in Lordstown, Ohio. You know Senator Portman. We are — we’ve been working on this very long and very hard because General Motors left the plant. This is a company that went in — and, I guess, General Motors is your partner. But they went in, and they have an incredible vehicle. And you’ll make how many a year when you get it going?

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Florida Governor Ron DeSantis has moved the entire state into phase three of the COVID-19 recovery plan.  All restrictions against restaurants and businesses are removed by executive order [HERE] and all local mask ordinances are nullified by the same order.

♦ No COVID ordinance may forbid or impede any business from operating.

♦ No COVID ordinance may forbid restaurants to operate below 50% capacity. Any local ordinances against these operational thresholds are nullified.

♦ No local mask ordinances shall carry any weight of enforcement.

♦ No COVID Fines or Penalties may be applied toward any individual or business operating in the State of Florida.  (executive order)

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Departing Florida, President Trump delivers remarks on ‘Black Economic Empowerment: The Platinum Plan’ in Atlanta, Georgia. The speech is ongoing.

[Video and Transcript to Follow]

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Today President Trump travels to North Carolina to deliver remarks on his ‘healtcare vision for the Nation’ in Charlotte. The anticipated start time is 4:30pm ET.

Livestream Links Below

White House Livestream Link – Fox News Livestream – Alternate Livestream

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