All leading economic forecasters said it would be impossible for President Trump’s MAGAnomic plans to generate 3% GDP growth in the first year.  President Obama said it was impossible and Trump would need a “magic wand, or something“.
Well, three months after taking office (April-June), it was Quarter 2, and the U.S. GDP began growing over three percent.  Again in Quarter 3 (July-Sept), the same benchmark was exceeded. And now Q4 (Oct-Dec) the New York Fed says, yes, GDP growth is 3.2%.

NEW YORK (Reuters) – The New York Federal Reserve on Friday kept its view on U.S. gross domestic product growth for the fourth quarter near 3.2 percent given the dearth of economic data this week. (link)

Remember, these are forecasts within the current quarter.  CTH is specifically predicting the actual result will be much, much higher. With consumer confidence at the highest rate ever recorded (link); combined with MAGAnomics pushing down the cost of living and increasing disposable income (link); combined with wages rising (link); combined with early indicators that consumer spending this holiday season will be the biggest ever (link) and (link) and (link)….
Hold on to your economic britches peeps – throw dem ju-ju bones out the windows – grab hold of the young-un’s, squeeze em tight and introduce them to their first opportunity to see capitalism unchained; we are in uncharted MAGA territory now.  Q4 will be well beyond 3.2%…  Well Beyond.
Believe Me.
Bigly.
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This has to be,.. scratch that,… ‘THIS IS’ one of the biggest multinational trade embarrassments in the past decade.

President Trump and team U.S.A. have already said  the United States is not engaging in the multilateral Trans-Pacific Partnership trade deal (TPP). We’re out, and have been out since the 2016 election. [The U.S. is focusing on direct, one-one-one, bilateral trade agreements.]
However, for the backdrop of this latest TPP development, you might also remember USTR Robert Lighthizer and Commerce Secretary Ross expressed the NAFTA plans were at loggerheads, and cancelled the October round of NAFA discussion, because of the ridiculous positions of the Canadians led by Chrystia Freeland, Canada’s far-left Minister of Foreign Affairs.

Well, for several months the eleven nations within the TPP have been negotiating among themselves for the details of the agreement without the United States. The member nations in the TPP-11 group are: Australia, Japan, Brunei, Mexico, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam and Canada.
All eleven trade ministers from the TPP-11 countries had finally agreed on a “substantial conclusion” to the deal. The framework was built over almost two years and it was to be signed off by leaders on the sidelines of the APEC summit in Vietnam today.
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The international leaders attending the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nag, Vietnam gathered for their customary group photograph.
Justin from Canada was positioned next to Japanese Prime Minister Shinzo Abe and Australian PM Turnbull by the host nation (after a big controversy over TPP); U.S. President Trump was positioned next to Russian President Vladimir Putin.

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President Donald Trump delivered an defiant opening speech at the 2017 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nag, Vietnam earlier today. Speaking to an Asia-Pacific audience consisting of over 400 top corporate CEO’s, international leaders, and key heads-of-state from the region, President Trump outlined his expectation for trade relationships with ALL member states.
Trump began by walking through a list of the primary regional nations, praising each for their history and culture and then highlighting their modern success and advancement in economics and trade.  Then President Trump shifted to economics and national security; delivering a strong and deliberate message that the era of unfair trade practices, and one-sided trade deals, with the U.S. was over.

…”We can no longer tolerate these chronic trade abuses, and we will not tolerate them. […] that is why I am here today. […] The current trade imbalance is not acceptable. […] From this day forward, we will compete on a fair and equal basis. We are not going to let the United States be taken advantage of anymore.”…

As noted by a tuned-in observer of the tone in delivery.  President Trump’s delivery to the audience was as bold and defiant as his presentation at the Al Smith dinner in 2016.  No punches were pulled, no ambiguity in motive. Trump dropped the atomic sledgehammer of economic truth upon the increasingly nervous audience. It was spectacular.  WATCH:

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[TRANSCRIPT] PRESIDENT TRUMP: What an honor it is to be here in Vietnam — in the very heart of the Indo-Pacific — to address the people and business leaders of this region.
This has already been a remarkable week for the United States in this wonderful part of the world. Starting from Hawaii, Melania and I traveled to Japan, South Korea, and China, and now to Vietnam, to be here with all of you today.
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First Lady Melania Trump visited the Mutianyu section of the Great Wall in China as the sun was starting to settle low on the horizon. It was windy and slightly cold as our First Lady signed a guest registry and was presented with a scroll from atop one of the seven wonders of the ancient world.
A state official said that Yukun Zhang, chairman, Mutianyu Great Wall Travel Service Co., Ltd, received the first lady after the ride up on the cable car. After signing the guest registry Mrs. Trump made her way up a short flight of stairs to the Great Wall.

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Curiouser and curiouser…  An interesting development amid the various swampy happenings both domestically and internationally.  With Robert Mueller focusing on foreign interest lobbying efforts within Washington DC; and amid Crown Prince Mohammed bin Salman confronting corruption within the financing of foreign political influence; Podesta CEO Kimberley Fritts announces she is leaving to form her own firm.

Considering that Mrs. Fritts previously announced her intention of remaining at the Podesta group and rebranding the lobbying firm, sans Tony Podesta, questions arise as to what might have made Fritts change her mind.

(Via Politico) Kimberley Fritts, the longtime chief executive of the Podesta Group, is leaving the firm to start her own lobbying shop, according to three Podesta Group staffers.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Sarah H Sanders Twitter @SHSanders45

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †

As President Trump heads off to the APEC CEO summit, First Lady Melania Trump took time to visit the Beijing Zoo and see Panda Meng’er.   Upon arrival to the Zoo a group of Chinese students were present to welcome Melania and introduce her to Mr. Panda.
At first, Meng’er decided to play coy – but once he saw the First Lady, he appeared to become quite smitten.  Apparently, Melania has that impact on boy Pandas mostly.

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The role of Fusion GPS as an active participant in the 2016 election is growing in scale amid yet another report showing the scope of their involvement.
Two weeks ago the DNC and Clinton Campaign teams were forced to admit they hired Fusion GPS to engage in political activity and research against presidential candidate Trump.  That’s sketchy. Then last week we discovered that Fusion GPS head, Glenn Simpson, actually met with Russian operative Natalia Veselnitskaya immediately prior to her visit to Trump Tower and immediately after. That’s beyond sketchy.  Now we discover Glenn Simpson actually wrote the material that Natalia Veselnitskava used to pitch herself into a meeting with Don Trump Jr.  Wait,… what…

Yes, we are now in “ludicrous mode“.  It’s no longer a surprise why Glenn Simpson’s lawyers are trying desperately to keep him from a congressional subpoena. Clinton Lawyers, Perkins Coie, acknowledged they paid $1.02 million to Fusion for research related to candidate Donald Trump. However, the entire story now looks like the DNC and Clinton camp hired Fusion GPS to construct negative material, not “discover” it.
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