Some have called him the Brazilian Trump, a populist candidate for the presidency. His mantra: “Brazil Above Everything, God Above Everyone”.  The professional political elites who rule within international circles have been throwing every attack possible at candidate Jair Bolsonaro.
Two-months-ago his left-wing political opposition stabbed him in the liver in an attempted assassination.  Bolsonaro believes in open market free-trade; Brazil-first nationalism, and protecting the integrity of the Brazillian national identity.
Today he wins the presidency.  The global progressive movement is going bananas…

(Via Associated Press) 7:50pm – Brazil’s Supreme Electoral Tribunal has declared far-right congressman Jair Bolsonaro the next president of Latin America’s biggest country.
With 96 percent of ballots counted, Bolsonaro has 55.5 percent of the votes. Leftist Fernando Haddad of the Workers’ Party has 44.5 percent.

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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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Senator Ron Johnson is Chairman of the Senate Homeland Security Committee with direct oversight over the Department of Homeland Security.  Chairman Johnson is interviewed by Maria Bartiromo on current events including the Central American migrant caravan moving toward the southern U.S. border; and the vulnerabilities with Chinese cyber-hacking.

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Representative John Ratcliffe appears on Sunday Morning with Maria Bartiromo to discuss current events including: the mail bomb threats, and the looming central American  migration swarm at the southern U.S. border.
At the 07:00 mark in the video the subject shifts to the joint committee interview with George Papadopoulos.   Mr. Ratcliffe outlines that he has personally seen information within the classified documents that would have been considered “brady material“, evidence the U.S. Government withheld that exonerates Papadopoulos of accusations around ‘Spygate’.  Additionally, at 10:12 Ratcliffe outlines the reason why DAG Rod Rosenstein ‘backed-out’ of his scheduled testimony; and other weasel maneuvers .

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The Central American migration force is gaining additional followers as they continue their march toward the southern U.S. border. In an effort to stop a political and diplomatic crisis between the U.S. and Mexico, outgoing Mexican President Pena Nieto offered assistance and asylum for the migrants to remain in Mexico. The growing swarm declined the offer… the looming crisis grows.  [PBS Video Report Here]

ARRIAGA, Mexico (AP) — Several thousand Central American migrants turned down a Mexican offer of benefits if they applied for refugee status and stayed in the country’s two southernmost states, vowing to set out before dawn Saturday to continue their long trek toward the U.S. border.

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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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Department of Homeland Security Secretary Kirstjen Nielsen discusses the supplemental U.S. military troops being added to DHS border personnel ahead of the expected Central American border invasion force.
Additionally Secretary Nielsen discusses the recent wave of politically motivated Acme fake pipe-bombs.

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Part II Below:
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Earlier today President Trump delivered remarks to commemorate the 35th anniversary of the 1983 Beirut marine barracks bombing.  For many CTH readers the images of the attack that killed 241 U.S. servicemen are forever seared into our memory.  The bombing was one of the most horrific events during the terms of President Ronald Reagan.
Joining the President today to commemorate the anniversary were families of the fallen and those who survived the October 23rd, attack by Iranian backed Hezbollah terrorists.
President Trump was also joined in remarks by Secretary of Defense James Mattis who was the casualty notification officer for Rhode Island victims in the aftermath of the explosion.  The prayer toward the end of the formal remarks is quite touching.

[Transcript] – East Room – 6:26 P.M. EDT THE PRESIDENT: Thank you. Thank you very much. (Applause.) That’s fantastic. Thank you. Please be seated. Thank you very much. A lot of spirit in this room. (Laughter.) A lot of spirit. For good reason.
We’re gathered together on this solemn occasion to fulfill our most reverent and sacred duty. Thirty-five years ago, 241 American service members were murdered in the terrorist attack on our Marine Barracks in Beirut, Lebanon. It was a very sad period of time. These are great, great people.
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Earlier today President Trump delivered remarks at the U.S. Department of Health and Human Services about ongoing efforts to lower the cost of prescription drugs.  Introducing a new set of HHS and FDA pharmaceutical reforms.  Excellent initiative.

[Transcript] U.S. Dept of HHS – 2:14 P.M. EDT – THE PRESIDENT:  Thank you very much.  Thank you.  It’s a big day.  It’s a very important day.  (Applause.)  Thank you.  Please.
Thank you very much, Secretary Azar, for your tremendous leadership.  This really is an important day for me.  I’ve been talking about drug price reductions for a long time.  And now we’re doing things that nobody was, let’s say — because I’m speaking on behalf of all of us — bold enough to do.  And they’re going to have a tremendous impact.
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Well, there it is.  Quietly within the deliberate words from Vice-President Mike Pence a revelation that explains the origination of the Central American invasion force.  For those who are not deep in the geopolitical weeds, the subtlety can pass unnoticed; for those who travel within the deepest international conflicts, Pence’s words here are as subtle as a brick through a window:

[…] “Financed by Venezuela; and sent North to challenge our sovereignty and our border”…

[wpvideo tXWLlFMs]
Announcing the migrant caravan is “financed by Venezuela” is a direct notification the Central American invasion force is being funded by Russia and China.  Venezuela doesn’t have any money to sustain its own operational government – let alone a 10,000 person convoy.  Venezuela is entirely reliant upon massive investment from Russia and China.
In fact China owns 49% of Venezuela’s state run PDVSA energy production. A collateral system where Beijing takes oil as payment for prior loans the Maduro regime cannot pay back.  With the crippling treasury department sanctions President Trump put on Venezuela last year, Trump has punched Maduro and Xi-Jinping hard.
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