A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class.
First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China would create massive inflation…. It Ain’t Happening!  Overall year-over-year inflation is hovering around 1.7 percent [Table-A BLS]; that’s a low inflation rate.  Rate has firmed up now with less month-over-month fluctuation, and the rate remains consistent.   [See Below]

A couple of important points.  First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative.  Lower energy prices help the worker economy, middle class and average American more than any other sector… Except ‘food at home’.
Which brings us to the second important point.  Notice how food prices have very low year-over-year inflation, 0.5 percent.  That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
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Several news outlets are now reporting that U.S. Attorney for DC, Jessie Liu, will likely indict former FBI Deputy Director Andrew McCabe for lying to FBI investigators.
The reporting is based on leaked email communications from the lawyers representing Andrew McCabe, where McCabe’s legal appeals to Main Justice and current DOJ Deputy Attorney General James Rosen were rejected.

WASHINGTON DC – […] A source close to McCabe’s legal team said they received an email from the Department of Justice which said, “The Department rejected your appeal of the United States Attorney’s Office’s decision in this matter. Any further inquiries should be directed to the United States Attorney’s Office.” (more)

While an indictment of McCabe is a positive step toward accountability for the corrupt ‘small group’ within the DOJ/FBI, the fact that McCabe is afforded a back-and-forth debate on the issues only highlights the ridiculous prism of tiered justice and politics.
The OIG investigation of McCabe, and the subsequent criminal referral, was finalized over 18 months ago. No ordinary citizen, other than well-connected ‘beach friends‘, would be granted such considerations.
If McCabe is indicted it will be interesting to read the Lawfare (Benjamin Wittes) perspective on having one of their team finally encountering legal accountability.
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Fox News host Neil Cavuto is well known for broadcasting an hour long infomercial for the U.S. Chamber of Commerce and Wall Street daily.  White House manufacturing and trade advisor Peter Navarro interrupts Cavuto’s multinational talking points to explain a Pro-U.S. trade initiative that will help level the playing field.  Things go downhill….

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The supreme court has upheld President Trump’s immigration enforcement policy that denies asylum claims to migrants who travel through safe nations to reach the U.S.

(Via AP) […] The justices’ order late Wednesday undoes a lower-court ruling that had blocked the new asylum policy in some states along the southern border. The policy is meant to deny asylum to anyone who passes through another country on the way to the U.S. without seeking protection there. (more)

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Amid new reports of U.S. companies initiating a rapid exodus from China, President Trump has announced the delay of the next round of tariff increases on Chinese goods from October 1st to October 15th.

U.S. Company Survey – More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination (read more)

President Trump apparently senses the diminishing position of Chairman Xi.  The status quo, U.S. disinvestment, has put Beijing into a weakening position.  As the president noted today during remarks from the oval office, Xi’s belt-and-road (aka ‘bribe and loan’) supply chain program is collapsing.
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Earlier today President Trump and First Lady Melania Trump held a press availability in the Oval Office to outline concerns discovered with E-cigarettes and ‘vaping’.
Health and Human Services Secretary Alex Azar and FDA Acting Commissioner Dr. Sharpless were in attendance for explanations.  Additionally, the President took questions from the press pool.  [Video and Transcript]

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[Transcript] – THE PRESIDENT: Well, thank you very much. I just want to say that the First Lady and myself, we just came back from an incredible experience at the Pentagon. It was an incredible — really, a beautiful ceremony.
I was very honored, and I think I can definitely speak for the First Lady, to have partaken in a ceremony that was just so, so lovely, representing September 11th. Three thousand lives. And, if you think about it, that number really got, as you know, Alex, it got a lot higher than that, indirectly. Directly and indirectly, a lot of people. A lot of great people.
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The Chinese woman who tried to lie her way into Mar-a-Lago was found guilty today.  Previously, U.S. Magistrate Judge William Matthewman said: “It does appear to the court that Ms. Zhang was up to something nefarious when she unlawfully attempted to gain access to Mar-a-Lago”…

PALM BEACH, Fla. (CBS12) — A jury found a Chinese businesswoman guilty of lying to the Secret Service to sneak into President Trump’s Mar-a-Lago club.
Yujing Zhang represented herself at trial and claimed during opening statements she did nothing wrong.

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Earlier today President Trump delivered remarks during a Pentagon 911 observance ceremony. [Video and Transcript]

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[Transcript] THE PRESIDENT: Well, thank you very much, Secretary Esper. Today, our nation honors and mourns the nearly 3,000 lives that were stolen from us on September 11th, 2001. On these grounds, 184 people were murdered when al Qaeda terrorists overtook American Airlines Flight 77 and crashed it into the Pentagon.
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President Donald Trump and First Lady Melania Trump were greeted at the Pentagon by Defense Secretary Mark Esper and his wife and Joint Chiefs Chairman Dunford and his wife.  The Defense Secretary of Joint Chief Chairman joined with the President and First Lady as they placed a wreath to remember the fallen. The wreath is red, white and blue.

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President Trump and First Lady Melania walked out onto the South Lawn at 8:46 a.m. this morning to commemorate 9-11.   At exactly 8:47am a bell tolled three times in memory of those lost.   Mr. and Mrs Trump prayed during a moment of silence and then put their hands over their hearts for the solemn playing of Taps.

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