National Economic Council Director Larry Kudlow appears on Fox News to discuss the June jobs report, current Federal Reserve policy, the Trump administration’s trade negotiations with China and former Reagan Economist Art Laffer receiving the Medal of Freedom.
On the China front there’s a weird, seemingly disconnected, dynamic appearing at the surface level within China. The position of Chairman Xi Jinping and Vice-Premier Liu He seems unusually separated from Beijing messaging (more on that later). Here’s Kudlow:
A recap of President Trump’s historic celebration of American independence July 4th, 2019, (w/ full speech transcript):
.
[Transcript] – July 4, 2019 – THE PRESIDENT: Hello, America. Hello. The First Lady and I wish each and every one of you a Happy Independence Day on this truly historic Fourth of July! (Applause.)
Today, we come together as one nation with this very special Salute to America. We celebrate our history, our people, and the heroes who proudly defend our flag — the brave men and women of the United States Military. (Applause.) (more…)
Apparently the rumors of our economic demise were greatly exaggerated. Yes, amid the gnashing teeth of the Wall Street pundits hoping for another lucrative Fed rate decrease, the Main Street economy continues to defy expectations:
“Today’s jobs report shows the U.S. economy continues to create jobs at a strong pace even as we enter the longest period of economic expansion on record.” ~Tony Bedikian, Citizens Bank.
According to the BLS Report – June saw 224,000 jobs added; and importantly the private sector wage growth knocks a very solid +3.2% year-over-year. [Table B-8] You might remember in the May 2019 jobs report 299,000 people moved from Part-Time to Full-Time employment. In today’s report total payrolls added another 224,000 workers.
These are stunningly numbers. The 224k new jobs this month is higher than same month last year (2018). The Main Street economy is continuing to expand. Private sector growth in wages continues to run above 3% for the 11th straight month. Wage Growth is a critical driver because over inflation is around 1.3%. Wage growth is more than double inflation. Key Point: Economic numbers, statistics, are subject to narrative engineering. Those pushing a negative economic narrative are Wall Street pundits. Wall St. has a self-interest to push negative economic news to get lower interest rates. Lower interest rates means cheap money and a higher stock market. (more…)
The Fourth of July Celebration continues today as President Donald Trump participates in a Salute to America at the Lincoln Memorial. Approximate time 6:30pm – 7:30pm EST
President Trump honors America’s armed forces with music, military demonstrations, flyovers and much more. Participants will include the Old Guard Fife and Drum Corps, the U.S. Army Band (“Pershing’s Own”), the Armed Forces Chorus, the United States Marine Corps Silent Drill Team, and many others. RSBN Livestream Link – Fox10 Livestream Link – White House Livestream Link
Back in 2015 I explained why CTH would support Donald J Trump, and what the statement: “Make America Great Again”, really meant from my perspective. Not only has Donald Trump been a President true to his word, he has far exceeded our expectations.
America, our America, is greatest -most blessed- nation on the face of the earth; and every person within her borders is lucky. I make no apologies for my patriotism and neither does United States President, Donald J Trump. American independence is a swagger:
.
President Trump proudly says: “We will Make America Great Again”, and when I hear that, I hear someone who gives a damn about America. Actually, physically, purposefully and intently ‘gives-a-damn’ without the hint of apology for it. And that is buckets more valuable to me than a perfected highly-rehearsed set of 30 second sound bites and think-tank policy.
You see, from my perspective any average hard-working American could eat every one of DC’s political elites’ lunches, all of them; and if they want to go down the intellectual superiority path… well, where it really matters, intellectualism is useless. (more…)
Justin Amash, aka “Justin China”, chooses the Fourth of July to announce his political departure from the Republican party. No big surprise here; and choosing the Washington Post as the venue for his proclamation is a cherry atop his insufferable nonsense.
Justin China is specifically at risk from the ‘America First’ trade and economic policy of President Donald Trump. [Detailed Here] With extensive family financial holdings dependent on Chinese manufacturing there is a specific level of transparent self interest.
Additionally, as President Trump noted in his response, Justin was likely to lose a republican primary challenge from within his district that was going to see him removed from office. His attempt to re-position his political defense while decrying the “partisanship of politics” is the height of hypocrisy.
Good riddance. (more…)
ABC, CBS, NBC and MSNBC have all announced their refusal -and broadcast boycott- of any July 4th celebrations. Yes, the U.S. media have fallen so far, they are now openly proclaiming their alignment with the anti-American political resistance.
However, RSBN, Fox10 Pheonix and OANN will all broadcast the patriotic events from Washington DC to celebrate Independence Day, including President Trump’s participation in the 2019 Salute to America. Schedule of Events Here – Livestream Links Below:
After DOJ lawyers representing the Commerce Department informed the court and all parties the 2020 Census was being printed yesterday without the citizenship question, President Trump sent out a tweet today seeming to contradict the announcement by DOJ lawyers:
After reviewing the tweet from President Trump, the Maryland District court called an emergency telephonic hearing. Here is the transcript [Cloud pdf – Scribd pdf]:
[scribd id=415520333 key=key-Qoj5eOBRV9uJrDFrvSq4 mode=scroll]
On June 22nd, 2019, President Trump agreed to postpone any deportation enforcement after a call with Speaker Nancy Pelosi:
Two weeks from June 22nd, would be July 8th, 2019.
However, a review of Nancy Pelosi’s congressional calendar reflects Pelosi’s House has been out of session since June 28th, and does not return until July 9th.
This schedule and deadline is exactly why House Democrats are pulling border stunts and urgently pushing media narratives in the headlines. Pelosi had no intention of fixing the legislative issues; instead, she used the time-delay to create maximum political position for herself, democrats in congress and their media allies. (more…)
