OMB Director Mick Mulvaney has an explanatory outline, promoted by the White House, explaining the administration’s economic principles: “MAGAnomics”.
Introducing MAGAnomics
By Mick Mulvaney – Wall Street Journal – July 13, 2017
If the Trump administration has one overarching goal, it’s to Make America Great Again. But what does this mean? It means we are promoting MAGAnomics—and that means sustained 3% economic growth.
For most of our nation’s modern history, a healthy American economy meant one that grew at roughly 3.5%. That was the average growth rate between the late 1940s and 2007. Since then, it has hardly topped 2%.
The difference between those two growth rates is staggering. If the American economy had grown at only 2% between the end of World War II and 2000, average household income would have been roughly $26,000 instead of $50,000.
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In 2016 CTH first predicted the intellectual economic disconnect that would arise out of the paradigm shift in economic principles. Initially I called it “the economic third dimension” – SEE HERE.
As time progressed through the second fiscal quarter of 2017 (Jan-March) again, we noted how the Federal Reserve was exactly failing to understand this “third dimension”; the space between Wall Street and Main Street fiscal policy – SEE HERE.

Finally today, for the first time, we see a federal reserve voting official begin to question the underlying economic assumptions of the Fed. Federal Reserve Bank of Chicago President Charles Evans is the first federal official to identify the disconnect between federal economic policy and actual economic outcomes:

WASHINGTON – […] Inflation has run below the Fed’s 2 percent target over the past eight years, Federal Reserve Bank of Chicago President Charles Evans noted.
“This is a serious policy outcome miss,” he said in remarks prepared for a conference in Idaho.
[…] Even as inflation has tumbled this year, Fed officials have brushed it off, indicating that they believe that one-off factors are keeping prices low. Those include cellphone service prices cratering because of carriers bidding to offer unlimited data plans. Fed Chairwoman Janet Yellen and others have suggested that inflation is likely to head back up after those temporary price drops slow overall prices.

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U.S. President Trump and French President Emmanuel Macron have an extended farewell handshake at the conclusion of the Bastille Day celebrations in Paris:

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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

Sean Spicer Twitter @PressSec

President Trump full interview on the Christian Broadcast Network:

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On Friday, President Trump and the First Lady will participate in the annual Bastille Day ceremonies. President Trump will be the first United States President to participate in the ceremonies since 1989. In order to commemorate the 100th anniversary of the entry of American troops onto French soil during World War I, the people of France have designated the United States as this year’s national guest of honor.

The President and First Lady will be joined in the ceremony by troops from the United States Army’s First Infantry Division as well as three heroic United States veterans of the Normandy Invasion. Also, the United States Air Force Thunderbirds will conduct a flyover with planes from the French Air Force.
The President and First Lady will return to the United States shortly after the conclusion of the ceremonies.  Schedule: (more…)

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 †

Secretary of State Rex Tillerson has been keeping an exhaustive schedule for the past week and especially in the past few days.  In the ongoing diplomatic effort against mid-east terror networks, the GCC/Trump coalition have kept up pressure against Qatar.
Kuwait is acting as the primary mediator between Qatar and the rest of the Gulf States; T-Rex conducted three days of shuttle diplomacy in an effort to assist and reassert the position of the Trump administration.  Tillerson traveled to Kuwait, Qatar, Saudi Arabia, UAE and back to Qatar with extensive meetings within each nation.
It would take a bazillion words to explain all the nuances, shifts, agreements and diplomatic ongoing efforts.  However, to keep it simple we boiled it down to the current, most consequential, outcome within this graphic:
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Wow. Sorry to drop so much substance into a single news day, but there’s so much going on around the geopolitical world it’s, well, stunning.
[And we still haven’t been able to even catch up with T-Rex’s multi-nation shuttle diplomacy over Qatar yet…. sheesh.  –> CLICK HERE FOR QUICKIE  LOL]
U.S. State Department spokesperson Heather Nauert delivers a press briefing to highlight a great deal of what is going on. Video and Transcript below:

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TRANSCRIPT: 2:52 p.m. EDT – MS NAUERT: Hi, everybody.
QUESTION: Hi.
MS NAUERT: How’s everyone?
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Earlier today U.S. Attorney General Jeff Sessions announced a national health care fraud takedown resulting in charges against over 412 individuals responsible for $1.3 Billion in fraud losses:
(United States Attorney General) Attorney General Jeff Sessions and Department of Health and Human Services (HHS) Secretary Tom Price, M.D., announced today the largest ever health care fraud enforcement action by the Medicare Fraud Strike Force, involving 412 charged defendants across 41 federal districts, including 115 doctors, nurses and other licensed medical professionals, for their alleged participation in health care fraud schemes involving approximately $1.3 billion in false billings. Of those charged, over 120 defendants, including doctors, were charged for their roles in prescribing and distributing opioids and other dangerous narcotics.

Thirty state Medicaid Fraud Control Units also participated in today’s arrests. In addition, HHS has initiated suspension actions against 295 providers, including doctors, nurses and pharmacists.
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