U.S. Senator Josh Hawley delivered a speech on the floor of the senate that deserves some attention. The larger issue outlined by Senator Halwey surrounds the recent Supreme Court Bowstock decision authored by Justice Gorsuch. However, in overlaying the judicial outcome, Hawley hits on the central issue he calls the “conservative bargain.”
The entire speech is worth listening to, as the senator encapsulates many of the frustrations within the recent decision; but the segment at 07:15 cuts to the heart of the distinction between MAGA-Trump republicanism and the pathetic GOPe wing of the Mitch McConnell UniParty. We have previously called this “The Decepticon” WATCH:
U.S. Trade Representative Robert Lighthizer is testifying tomorrow at 10:00am to the House Ways and Means committee; later in the afternoon Ambassador Lighthizer will testify before the Senate Finance Committee.
The New York Times has received an advance copy of USTR Lighthizer’s opening statement, and the liberal publication is apoplectic the Trump administration plans to outline an even more aggressive stance toward the World Trade Organization (WTO).
According to the pearl-clutching Wall St. class, Lighthizer is going to inform congress of Trump/USTR plans to demand tariff reciprocity; and Lighthizer will indeed raise tariffs against any nation that continues to attempt one-sided benefit. [EU will go bananas]
One method to approach tariff inequality would be for the U.S. to lower the import value threshold for non-tariff exemptions. Currently the U.S. does not apply import duties to any product valued under $800. This is a great benefit to China, southeast Asia, and U.S. on-line retailers such as ebay and Amazon; however, the zero tariff threshold hurts U.S. manufacturers because China and other nations do not reciprocate.
It is anticipated that USTR Lighthizer will inform congress the U.S. will lower that import threshold to match the same value level applied by other nations. Obviously the U.S. Chamber of Commerce and the Wall Street multinationals will not like this approach.
In his opening monologue today Fox host Tucker Carlson took on the subject of Google and their control over 70% of all on-line advertising revenue. Within the very accurate segment, Carlson noted that Utah Senator Mike Lee is in charge of the antitrust subcommittee and yet does nothing, absolutely nothing, to stop the authoritarian demonetization and deplatforming action carried out through the monopoly Google holds.
No single issue will do more damage to the reelection efforts of President Trump than allowing Google to carry out their political agenda. However, that accepted, that’s also the motive for the Senate and DOJ to do nothing. This is a good, honest and painful segment:
Earlier today the DOJ filed a civil action [see pdf here] against former National Security Advisor John Bolton for refusing to comply with the classified intelligence review prior to publishing a book. [DOJ FILING LINK] Perpetual warmonger John Bolton worked as NSA to President Trump from April 2018 to September 2019.
Bolton was always an odd pick for National Security Advisor given his propensity to advance mid-east wars and advocacy for military strikes against North Korea.
…”On June 7, 2020, without Defendant giving any prior notice to the NSC, press reports revealed that Defendant and his publisher had resolved to release the book on June 23, without completing the pre-publication review process. Subsequent correspondence with Defendant’s attorney confirmed that public reporting.
Simply put, Defendant struck a bargain with the United States as a condition of his employment in one of the most sensitive and important national security positions in the United States Government and now wants to renege on that bargain by unilaterally deciding that the prepublication review process is complete and deciding for himself whether classified information should be made public.”… (pdf)
Data released by the Commerce Dept [pdf here] shows U.S. shoppers increased spending by a record 17.7% from April to May. The jump in spending was double the amount most economists and forecasters were predicting.
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(Reuters) Retail sales jumped 17.7% last month, the biggest advance since the government started tracking the series in 1992. Sales dropped a record 14.7% in April. Economists polled by Reuters had forecast retail sales would rise 8% in May. (link)
Earlier today President Trump delivered remarks from the Rose Garden and signed an executive order on safe policing. [Executive Order Here] Video and Transcript Below.
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[Transcript] – THE PRESIDENT: Thank you very much. Please. And thank you all for being here as we take historic action to deliver a future of safety and security for Americans of every race, religion, color, and creed.
We’re joined today by law enforcement professionals and community leaders. Though we may all come from different places and different backgrounds, we’re united by our desire to ensure peace and dignity and equality for all Americans.
New coronavirus reports from Beijing are very sketchy. According to Chinese authorities they have identified a new strain of coronavirus at a massive wholesale food market in Beijing called the Xinfadi Market. They are blaming “European Salmon”…
Beijing officials have reported 79 cases over the past four days, the biggest concentration of infections since February. The spate of new cases prompted officials in many parts of the city to swiftly bring back tough counter-epidemic measures, with at least three districts entering “war-time mode.”
Measures imposed included erecting round-the-clock security checkpoints, closing schools and sports venues, and reinstating temperature checks at malls, supermarkets and office buildings. CNBC REPORT:
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There have been several economic reports that China’s manufacturing economy is contracting. Considering a desperate dragon…. It would not be out of place to consider that Beijing would react to losing an economic war, or even economic position, by trying to unleash a globally mitigating virus intended to target their geopolitical adversaries [Hong Kong, Taiwan and the U.S.]
This zero-sum outlook is EXACTLY how the Chinese red dragon thinks!
We have been engaged in an undeclared economic war. Perhaps it’s time we made an official and public declaration; and strategically, openly, aligned all U.S. interests toward economic combat.
The White House provided some background information to media in advance of tomorrow’s executive order on police reform. Details Below:
[Transcript ] – First of all, I want to thank everyone for being here. Tomorrow, we plan to do an executive order that the President has been working on for the last couple of weeks. This is not a new thing. We started our police commission a couple of months ago in the beginning of the year after we did criminal justice reform.
The President is a president of action and I’ll go through what this executive order is going to be talking about.
We developed this by talk- — working very closely with law enforcement professionals and their representatives, as well as with families of people who were killed by law enforcement and also their representatives.
The goal of this is to bring police closer together with the communities. We’re not looking to defund the police; we’re looking to invest more and incentivize best practices.
Earlier today President Donald Trump participated in a roundtable discussion with various Administration officials to highlight their respective efforts to safeguard America’s senior citizens. Attendees include: Attorney General Bill Barr, HHS Secretary Alex Azar, HUD Secretary Ben Carson, VA Secretary Robert Wilkie, HHS Administrator Seema Verma, Centers for Medicare & Medicaid Services (CMS), and Chief Gary Barksdale, U.S. Postal Inspection Service (USPIS).
AG Barr noted seniors are being targeted by internet scammers and gave examples of DOJ intervention. USPS Chief Barksdale noted similar activity using the postal service and highlighted USPS intervention and arrests. VA Secretary Wilkie noted efforts to combat COVID-19 amid senior veterans. There was also an extensive press availability.
[Video and Transcript Added]
[Transcript] – THE PRESIDENT: Okay, thank you very much. Today is World Elder Abuse Awareness Day, and we’re here to discuss our ironclad commitment to protecting and caring for America’s seniors.
We’re joined by Vice President Mike Pence, Attorney General William Barr, Secretary of Health and Human Services Alex Azar, Secretary of Housing and Urban Development Ben Carson — who, by the way, was fantastic over the weekend in various interviews you did, Ben. Really good job, I appreciate it. Secretary of Veterans Affairs Robert Wilkie, Administrator Seema Verma, Chief Postal Inspector of the United States Postal Inspection Service Gary Barksdale. And Gary has done a great job, especially with spotting drugs coming into our country. He’s done a fantastic job.
The U.S. media are in ideological alignment with blue state governors and congressional democrats to hype COVID-19 panic as a method to keep the economy from reopening. To advance this narrative the crowds during mass protects they approve of are ignored; but any crowd at an event they do not align with is used to push panic. Everyone can see this.
The New York manufacturing index shocked everyone earlier today showing a strong rebound. The index “unexpectedly” surged 48 points in June surprising all economic forecasters. Meanwhile, National Economic Council Chairman Larry Kudlow appears on Fox News to discuss the dynamics.
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As Kudlow notes, President Trump is looking to use any potential phase-4 legislative package to inject a massive ‘America First’ boost, via tax incentives for manufacturing business interests to return to the U.S. The administration does not see a need for additional direct spending, bailouts, or continued payments; however, this is an opportunity to provide tax incentives to boost U.S-centric economic activity.
It’s important to remember the dynamic of U.S. multinationals (Wall St), and how many of them align with Democrat and media efforts to hold down the U.S. economy. There are trillions at stake.
