The ISM manufacturing survey was released today showing exceptional economic news on the manufacturing front. New orders for manufactured goods jumped to their highest level in 17 years and were 3.4 percent higher than pre-pandemic levels. That data matches our earlier ground reports from across the nation.

The manufacturing sector inventories are low, that means this cycle of replenishment will continue for some time. Orders for customer goods continues to drive expansion, investment and operational increases in productivity.  That customer demand drives the need for increased hiring in manufacturing…. that demand drives wages… and so the middle-class is again on track for a fantastic rebound.  That’s MAGAnomics.

WASHINGTON (Reuters) – U.S. manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles and food as the COVID-19 pandemic drags on.

However, the media once again cannot bring themselves to cheer on a stunning economic recovery. Instead take a look at how Reuters frames their narrative:

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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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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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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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Despite the media providing manipulative cover (narrative engineering) for the sheer hypocrisy of this effort, Democrat presidential candidate Joe Biden is going to attempt to kick-off an “America First” economic plan in Michigan tomorrow.

First, accept the reality… Biden is choosing Michigan. If the media-claimed national Biden polling lead was legit, he would not be headed to Michigan to attempt this insufferable political scheme.

Second, in order for Beijing Biden to even attempt to pull this stunt off he has to rebuke his own decades long economic record of offshoring jobs to China and creating a U.S. service driven economy.

It was the Obama-Biden administration who said those manufacturing jobs were never coming back to the U.S. It was President Trump who reversed the Biden/Obama trade positions and factually started bringing manufacturing jobs back into the U.S.

Candidate Joe Biden supported the Trans-Pacific Partnership (TPP) the largest single scheme to maintain the U.S. as a service driven economy and push manufacturing into southeast Asia.  It was Joe Biden who supported the Trans-Atlantic Trade and Investment Partership (TTIP) a similar globalist construct toward Europe.

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The Bureau of Labor Statistics released the July jobs report earlier this morning.  Overall during this phase of the economic recovery the U.S. added 1.8 million jobs in July, with strong recovery in: Leisure and Hospitality (+592k), Retail Trade (+258k) and professional and business services (+170k).  [Full Report Here]

Strong steady gains continue in manufacturing, construction and transportation as more businesses begin to re-open and provide products and services into an economy with strong underlying demand.  Durable goods inventories are low, those need to be replaced.

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When the broad outlines of the U.S-Mexico-Canada (USMCA) trade agreement first appeared, we said it seemed clear presidential candidate Andres Manuel Lopez-Obrador (AMLO) was aligned with the economic nationalism preferred by U.S. President Trump.

Yesterday that alignment was on full display as AMLO delivered a very strong endorsement for the respectful agreement between the two nations.  Unfortunately, the U.S. media will never report on these words of praise by President Lopez Obrador.

Transcript […] I also wanted to be here to thank people of the United States, its government, and thank you, President Trump for being increasingly respectful with our Mexican fellow men.

And to you, President Trump, I want to thank you for your understanding and the help you’ve given us in issues related to trade, commerce, oil, as well as your personal support for the acquisition of medical equipment that we needed urgently to treat our patients of COVID-19.

But what I mainly appreciate is that you have never sought to impose anything on us violating our sovereignty. Instead of the Monroe Doctrine, you have followed, in our case, the wise advice of the lustrous and prudent President George Washington who said, quote, “Nations should not take advantage of the unfortunate condition of other peoples.” End of quote.

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First, for those who have fought for decades against the baseline flaws within the NAFTA trade agreement, today is a very memorable day. Today the USMCA officially goes into effect and the trade brokerage system exploited by Mexico and Canada is officially ended.

NAFTA is DEAD! …This has been one hell of a decades-long battle.

Effective today the manufacturing of North American products must originate in North America. No longer will Canada and Mexico be allowed to “assemble” component goods from Asia and transport them as finished North American goods into the U.S. market.

The immediate impacts from this trade-loophole closure will be felt over the next several months and years.  Yes, things are rapidly about to change… and when you understand the details you also understand why the Democrats need to exploit a fictitious COVID fear to stop the explosion of U.S. economic growth that will follow.

Statement from U.S. Trade Representative Robert Lighthizer:

“Today marks the beginning of a new and better chapter for trade between the United States, Mexico and Canada – just as President Trump promised he would deliver for the American people.

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~ Why We Must Re-Elect President Trump ~

Today the Federal Communications Commission (FCC) formally designated Chinese’s Huawei Technologies Co and ZTE Corp as posing as posing national security threats to the United States. This designation and declaration blocks U.S. firms from tapping an $8.3 billion government fund to purchase equipment from either company.

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This is an important step toward eliminating Huawei 5G data risks within U.S. telecommunication networks.  Additionally, the designation will have the forward impact of restricting U.S. allies from linking networks if they use Huawei/ZTE components.

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