Stupendously Splendid Jobs Report – October Jobs +128,000, Aug/Sept Revisions +95,000, Wage Growth +3.0%…

Jumpin’ ju-ju bones, the October jobs report has blown away all expectations in every possible metric.  It’s not just the top-line job gains, the two month revisions are huge.
The Bureau of Labor Statistics (BLS) report for October shows 128,000 job gains; and that number includes absorption for negative impacts due to -20,000 census workers coming off federal payrolls, and -42,000 striking auto-workers.  Far better employment numbers than all projections and estimations.
Additionally, the prior two months had massive upward revisions. August was revised up by 51,000 (from +168,000 to +219,000), and the change for September was revised up by 44,000 (from +136,000 to +180,000). With these revisions, employment gains in August and September combined were 95,000 more than previously reported (BLS Link).

“The October jobs report is unambiguously positive for the US economic outlook,” said Citigroup economist Andrew Hollenhorst. “Above-consensus hiring in October, together with upward revisions to prior months, is consistent with our view that job growth will maintain a pace of 130-150K per month. Wage growth remaining at 3.0% should further support incomes and consumption-led growth.”  (link)

The strong employment results are so strong the results now have all of the financial pundits reassessing their prior perspectives on the state of the U.S. economy.
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November 1st – 2019 Presidential Politics – Trump Administration Day #1016

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.

trump-president-3

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

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

Stephanie Grisham Twitter @StephGrisham45

Friday November 1st – Open Thread

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 †

Newly Empowered Chairman Jerry Nadler Moves on Second Front for Impeachment Assault – HJC Moves To Enforce McGahn Subpoena…

I’m going to attempt to remove the legal linguistics and explain what appears to be a highly predictable process most are ignoring.
BASELINE – After the 2018 mid-terms, and in preparation for the “impeachment” strategy, House Intelligence Committee Chairman Adam Schiff and House Judiciary Committee Chairman Jerry Nadler hired Lawfare group members to become House committee staff…. Chairman Schiff hired former SDNY U.S. Attorney Daniel Goldman (link), and Chairman Nadler hired  Obama Administration lawyer Norm Eisen and criminal defense attorney Barry Berke (link).  House Speaker Nancy Pelosi then hired Douglas Letter as House General Counsel – all are within the Lawfare network.
♦On October 25th DC Judge Beryl Howell granted the House Judiciary Committee (HJC) request for legal authority to receive 6e grand jury material underlying the Mueller report.
Additionally, within the Howell decision she officially recognized the HJC effort was predicated on a constitutional impeachment process.
In essence Howell’s opinion granted the HJC with “judicial enforcement authority.”
♦The DOJ moved to appeal the decision and requested a “stay” pending appeal.  Judge Howell rejected the “stay” motion.
The DOJ appealed to the DC Court of Appeals.  A panel of three judges issued an “administrative stay”, blocking enforcement of the Howell ruling while the appeal was reviewed.
The temporary administrative stay was granted to freeze the status quo while the court considers whether to grant a longer stay that would remain in effect until the DOJ appeal is argued or decided (deadline tomorrow).  The outcome is pending.  Judge Merrick Garland is the Chief Judge of the DC Appeals court.
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Curious Statement, Curious Timing – Senator Lindsey Graham Announces Intent to Abdicate Judiciary Chair Following 2020 Election…

Senator Lindsey Graham, who has increasingly come under pressure for doing nothing as the powerful Chairman of the Senate Judiciary Committee, announces today that he will be abdicating his chairmanship immediately after the 2020 presidential election:

(Via Politico) Lindsey Graham (R-S.C.) plans to hand the chairmanship of the Senate Judiciary Committee back to Sen. Chuck Grassley (R-Iowa.) in the next Congress.  Graham took over the panel this year from Grassley, who left to chair the Senate Finance Committee.

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Republican and Democrat Leadership Hold Press Conferences Following "Impeachment Inquiry" Vote…

House republican and democrat leadership both held press conferences today immediately after the successful passage of the House Impeachment Inquiry Resolution.
Republicans:


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Democrats:
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White House Responds To Successful Passage of House "Impeachment Inquiry" Resolution…

The White House responds to Pelosi’s successful House vote authorizing rules of the ongoing impeachment inquiry.

[White House] The President has done nothing wrong, and the Democrats know it. Nancy Pelosi and the Democrats’ unhinged obsession with this illegitimate impeachment proceeding does not hurt President Trump; it hurts the American people.
Instead of focusing on pressing issues that impact real families, like reducing gun violence, passing the USMCA, improving healthcare, lowering prescription drug costs, securing our southern border, and modernizing our aging infrastructure, the Democrats are choosing every day to waste time on a sham impeachment—a blatantly partisan attempt to destroy the President.

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October 31st – 2019 Presidential Politics – Trump Administration Day #1015

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.

trump-president-3

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

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

Stephanie Grisham Twitter @StephGrisham45