This is a painful, albeit rather telling, interview to watch.  Matt Cartwright has not had the time to fully digest how to be a good resistance member, whereby he simultaneously argues for and against the economic and trade policies of President Trump.
On domestic economic policies, specifically trade, President Trump is essentially carrying out all of the objectives of the blue-dog (moderate) Democrat party.  However, now the ‘resist we much overlay’ creates a pretzel dynamic for those same democrats.  They are for the policies, but must oppose the person carrying out those policies.  This is a goofy preview of what is to come in 2019.

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Lost but not invisible in the Cartwright angst is any acceptance that President Obama never cancelled NAFTA; nor did President Obama ever challenge the one-way economics of China; both of these confrontations and resets are favored by the new co-chair of the democrat platform committee…. but favored/not-favored when Trump does it.
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Press Secretary Sarah Sanders, National Security adviser John Bolton and National Economic Council Chairman Larry Kudlow hold a very important press briefing from the White House.
Chairman Kudlow discusses current economic issues, and the upcoming possible trade discussions with China at the G20 meeting in Buenos Aries, Argentina. At 19:00 minutes NSA John Bolton takes over to discuss the scheduling details of the G20.  [Interesting trilateral mentioned: Trump, Modi and Abe] At 30:00 minutes Sarah Sanders takes over.

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President Trump’s ‘America First’  tweets are seen as dangerous to the progressive left because they are loaded with brutal, and often purposeful, honesty.  Today is another clear example.
General Motors would not exist today if it wasn’t for the taxpayer-funded bailouts of their financial position in 2008/2009.  GM is uniquely indebted to the U.S. taxpayer. After receiving those bailouts GM moved production of their newer sectors of autos to Mexico and China; providing no benefit to the American workers who funded their bailout.

GM is one deliberate presidential tweet-string away from seeing a massive consumer backlash that could would wipe out their business.  President Trump doesn’t bluff.
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Success in the midterm election secured power for House Democrats.  The discussion then moves to how are the democrats going to use that power?  Representative David Cicilline, co-chair of the Democratic Policy and Communications Committee, indicates their intended set of priorities in a series of Sunday talking points.
Democrats in the House intend to raise taxes on individuals and corporations; roll back the MAGAnomic policy for corporate tax incentives (investment, jobs, and manufacturing) and create a bigger gap between low and top income earners through their spending controls.  In essence, Democrats take control over income earnings (via tax policy) and distribute it to their constituents based on need. [Historic Fabian approach]
Simultaneously, the House committees (Oversight, Judiciary, Intel, Finance) will begin immediate investigations of the Trump administration, writ large, and -using those investigations- secure the pathway to the 2020 election cycle.

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Cecilline admits OUR CTH PROJECTION is entirely accurate.

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CTH has received multiple requests for a review of predictable consequences as a result of the midterm election.  Thankfully, and perhaps unfortunately, we have solid references to base these predictions on – because there’s a solid frame of reference from the 2006 midterm and the subsequent consequences we saw in 2007, 2008, 2009, 2010.
If we take the empirical 2006 example as the starting point and overlay the 2018 landscape to modernize the predictive model, what results is a most likely scenario.

First, any intellectually honest review must overlay the current political environment.  In 2018 the scale of unchecked lawless behavior is a significant influence toward the differences we can expect from the last time Democrat/Marxists held congressional power. The term “Democrat-socialism”, in essence a Marxist approach, is now the dominant fuel within the professional DNC  political operations.
When the Democrats last held power in 2006, their actionable objective was toward a far-left, Saul Alinsky-type aggressive tone and influence; however, there was a need to couch that intention as they positioned Senator Barack Obama for the 2008 presidential election.
In 2006 the radicals, needed to downplay their radicalism.  In 2018 the severity and aggression of the left, as assisted by the dropping of all media pretense, no longer needs to hide the intention.  When Democrat-Marxists take control in January of 2019 they no longer need to couch the extremism, the American electorate have been prepped.
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NEC Chairman Larry Kudlow appears with Maria Bartiromo to discuss the current economy and the state of MAGAnomics. Kudlow discusses how the central beneficiaries of MAGAnomics are blue-collar workers and Main Street companies.

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Ever since candidate Trump announced his intent to run for the presidency in 2015, CTH has mapped out the economic possibilities of applied MAGAnomic policy.  Once you absorb the ramifications within the intentional policy shift from Wall Street (global) to Main Street (America first), every downstream result is essentially common sense.

• Part 1 – Why I support Donald Trump – July 2015
• Part 2 – Why I support Donald Trump – August 2015
• Part 3 – Why I support Donald Trump – September 2015

One of the reasons the professional political class hate Trump is simply because he applies common sense policy built upon the cornerstone of America-first. Decades of pontificating political economic policy are dispatched; and the American economic engine roars.

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House Ways and Means Committee Chairman Kevin Brady discusses the current economic growth and the GOP policy initiatives behind tax proposals.
Chairman Brady emphasizes an intent to make the current middle-class tax cuts permanent in the next legislative session if Republicans can do well in the midterm election.  One of the benefits from previously ‘unexpected’ (by CBO) MAGAnomic growth is the baseline calculations for ‘revenue neutral’ did not factor in the current GDP growth rate.  [All previous Congressional Budget Office forecasts were underestimated.]
As Rep Brady outlines President Trump is committed to empowering Main Street, not Wall Street, as the driving force behind U.S. economic growth. [The essence of MAGAnomics.]  Every.Single.Trump.Policy targets support to Main Street. Period.

The Commerce Department, Bureau of Economic Analysis (BEA), has released the first estimate of the third quarter GDP growth for June, July and August 2018 (full pdf below).  The rate of economic growth in Q3 is estimated at 3.5%, exceeding most forecasts of slightly more than three percent.  The second quarter growth was 4.2%.
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The Commerce Department, Bureau of Economic Analysis (BEA), has released the first estimate of the third quarter GDP growth for June, July and August 2018 (full pdf below).  The rate of economic growth in Q3 is estimated at 3.5%, exceeding most forecasts of slightly more than three percent.  The second quarter growth was 4.2%.

“Defying ‘conventional wisdom’ once again, 3.5 percent growth is the latest sign that the Trump economy continues to surge,” said Secretary of Commerce Wilbur Ross. “The President’s actions from deregulation to tax reform have supercharged the American economy, driving it to new heights.”

Overall the 3.5% growth is exceptionally strong.  To see the data bolstering a positive future forecast I would draw attention to Table 2 (lines 43 through 49) and the analysis for net impact over Exports/Imports.  The heavy import number delivered a net subtraction of 1.78% from GDP growth; that’s a result of a large increase in imported durable goods [likely anticipatory holiday inventory buildup].

As you can imagine from your own shopping experiences, durable goods inventories generally climb in the third quarter as companies increase inventory in preparation for holiday sales in quarter four.  The growth in the buildup of this inventory is significantly higher than historic trend; this means companies are forecasting strong consumer demand for goods in Q4, the holiday season.
Further support for a booming Q4 purchase prediction can be found in the current 4% growth of consumer spending.  With wages growing (3.8% avg), and with an incredibly strong jobs market, people are making large purchases with confidence.  Additionally, price data in the current GDP report shows inflation at a 1.6 percent annualized pace.
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Earlier today President Donald Trump welcomed a group of American workers into the Oval Office for a discussion of removing “red tape” and barriers to economic expansion.

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[Transcript] – Oval Office – 11:15 A.M. EDT – THE PRESIDENT: Thank you very much, and welcome to the Oval Office. On Monday, I traveled to Florida and Georgia to meet with first responders and to visit with those affected by the devastation of Hurricane Michael. And yesterday, Mike Pence traveled also to the two states and he saw devastation like he’s never seen before. We’re in the same category. It was something. Something horrible.
Thousands of federal employees and military personnel have been deployed to assist in the massive recovery effort. One of the biggest we’ve ever done, and we’ve had some pretty big hurricanes. This was just about at the top.
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