Acting chief-of-staff Mick Mulvaney appears on Fox News Sunday to discuss current political events in Washington DC. Topics include resistance effort by House democrats; the ongoing border crisis with Mexico; the House effort to get President Trump’s income taxes from the IRS; and the upcoming release of the Mueller report by Attorney General William Barr, and Healthcare initiatives.
National Economic Council Chairman Larry Kudlow appears on Face The Nation to discuss issues with the U.S-Mexico border and possible economic ramifications if the security issues are not addressed. Additionally, Kudlow discusses the USMCA trade deal and the status of current negotiations with China.
National Economic Council Director Larry Kudlow discusses the latest BLS jobs report, the overall health of the economy and U.S-China trade discussions.
There are no coincidences when you dance with the dragon. Earlier today U.S. prosecutors notified Huawei in a court filing they intend to use classified surveillance evidence gained through a FISA warrant against the Chinese state-owned enterprise.
Assistant US Attorney Alex Solomon said at the hearing in federal court in Brooklyn, New York, that the evidence, obtained under the US Foreign Intelligence Surveillance Act (FISA), would require classified handling. (more)
A few hours later, President Trump holds a meeting in the oval office to discuss trade issues with Chinese Vice-Premier Liu He…. [Video and Transcript Below]
This is a rather remarkable statistic [Technical Data Here] Weekly unemployment claims dropped to 202,000 for the week ending March 30th. That’s the lowest level of jobless claims since December 1959. More people are working today than ever in U.S. history. [The DOL jobless claims statistic is not connected to the unemployment rate; the BLS unemployment report for March will be announced tomorrow morning.]
(Via CNBC) The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth.
Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said on Thursday.
President Trump’s MAGAnomic policies are tailored to raise the income levels of all Americans; however, to the anxiety of his political opposition, the focus for greatest economic benefit is the middle-class, blue-collar and white-collar workers.
In essence, the demographic hardest hit by 30 years of bad policy is the demographic receiving the largest gains from a return to Main Street, ‘America-First’ policy.
It is not really a complex dynamic to understand. Abandon the flawed multinational policy that led to outsourcing and overseas investment, and what you get is domestic growth and investment in the United States. That’s the heart of America-First.
(Pennsylvania) Bell-bottoms were the height of style the last time the Pittsburgh region saw unemployment dip as low as it was in February.
Suspicious Cat says this story is suspicious. A Chinese woman, Yujing Zhang, used fake names and different stories to explain why she was at the Southern White House. Secret Service Agents said they seized four cell phones, a laptop computer, and a thumb drive that had malware on it….
WEST PALM BEACH — A 32-year-old Chinese woman, who said she wanted to talk to President Trump’s family about economic relations between the United States and her home country, lied her way into Mar-a-Lago over the weekend before she was arrested, U.S. Secret Service agents said.
House Oversight Committee Chairman Elijah Cummings is attempting to undermine the administration with partisan political attacks against Trump officials and their security clearances. Republicans on the committee, led by ranking member Jim Jordan, are fighting back [pdf below].
President Trump’s Senior Advisor Jared Kushner gives an interview to Laura Ingraham to discuss this issue and current topics of the day. WATCH:
CTH is finding it difficult to dismiss the likelihood that both Democrat and Republican corporate club members are intentionally working to make the border crisis worse in an effort to fracture the base of support for President Trump… That purchased approach seems in line with Tom Donohue’s Big Club strategy.
Earlier today President Trump tweeted about the growing crisis at the U.S-Mexico border. Additionally this follows after he answered a press question yesterday about closing some of the border entry points:
Q Mr. President, if you close the border, would it be to all trade? Would you close the border to trade?
THE PRESIDENT: It could be to all trade. Mexico is making absolutely a fortune with the United States. They have a trade surplus of over $100 billion, which is far bigger than anybody understands. They’ve had it for many years. And either they’re going to stop — they have the strongest immigration laws anywhere in the world. And we have the weakest, the most pathetic laws. Number one, Congress has to act. And number two, Mexico — they make so much money from the United States and so many other things, so many other assets, they have to grab it and they have to stop it.
[Originally posted in 2017] To understand the China ‘One-Belt / ‘One-World‘ economic trade strategy it becomes necessary to understand how structurally weak the Chinese economy was when created.
People often talk about the ‘strength’ of China’s economic model; and indeed within a specific part of their economy -manufacturing- they do have economic strength.
However, the underlying critical architecture of the Chinese economic model is structurally flawed and President Trump with his current economic team understand the weakness better than all international adversaries.
Lets take a stroll and lightly discuss.
China is a central planning economy. Meaning it never was an outcropping of natural economic conditions. China was/is controlled as a communist style central-planning government; As such, it is important to reference the basic structural reality that China’s economy was created from the top down.
This construct of government creation is a key big picture distinction that sets the backdrop to understand how weak the economy really is.
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