Quick NAFTA Update…

Yesterday U.S. Trade Represenative Robert Lighthizer and Mexico’s Minister Ildefonso Guajardo met in Washington DC for a bilateral discussion. Likely one of the key avenues for Lighthizer to explore surrounded the upcoming election of a hardline Marxist in Mexico and how Guajardo views the impact to Mexican policy therein.

At this point it’s virtually guaranteed that Andres Manuel Lopez Obrador will win the election – I would VERY strongly bet on that outcome (likelihood 85%).  That puts a Hugo Chavez type ideologue, and the attached economic policies, at our southern border. [Pro-Tip: prepare your business affairs accordingly now, and avoid the chaos later]

Canadian Foreign Minister Chrystia Freeland arrived in Washington DC today to join Lighthizer and Guajardo and expand the informal discussion toward a trilateral trade discussion.

Thankfully Lighthizer is on his home turf because he’s now surrounded by left-wing globalist advocates from Mexico, Canada and the U.S. Chamber of Commerce via Tom Donohue.

There was some media talk, and a hint from Trump’s NEC Chairman Larry Kudlow yesterday, about the U.S. strongly wanting to have an agreement on principle utilizing the cornerstone of the Auto-Sector as a building block.

However, I cannot caution strongly enough that NEC Chairman Larry Kudlow is in love with NAFTA and POTUS Trump is not.  So filter Kudlow’s optimistic glee against his trade worship with NAFTA.

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It’s Complicated – Chairman Devin Nunes Demand Letter to FBI Director Wray and AAG Rosenstein…

It was noted –and reported– yesterday that House Intelligence Committee Chairman Devin Nunes sent a letter (full pdf below) to FBI Director Christopher Wray and Asst. Attorney General Rod Rosenstein.  Nunes is demanding un-redacted FBI documents surrounding the origination of the July 2016 counterintelligence operation against candidate Donald Trump, and the FISA application stemming from within the FBI investigation.

The issue(s) surrounding the declassification of the FISA application and subsequent FISA warrant against Carter Page are not new.  The new aspect within the Nunes demand relates to a request for the intelligence community “electronic communication” (EC) that kicked off the initial FBI counterintelligence op.  Within that new line of inquiry the subject of interest is ultimately former CIA Director John Brennan.

However, there are issues here; serious issues. There are VERY valid reasons why the FBI (Wray) and DOJ (Rosenstein) would push back against HPSCI Chairman Devin Nunes.  It’s complicated, and we’ll try to unpack.

Begin by noting on page two of the Nunes request, Paragraph #3, something all media writing about the Nunes demand seem to overlook.  Screengrab below:

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April 5th – 2018 Presidential Politics – Trump Administration Day #441

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

Sarah H Sanders Twitter @SHSanders45

Thursday April 5th – 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 †

Joe diGenova Goes Full Wolverine on Asst. Attorney General Rod Rosenstein…

Alan Dershowitz and Joe diGenova appear on Sean Hannity TV show to discuss the latest revelations in the Robert Mueller ‘Muh Russia’ collusion investigation.

Against yesterday’s backdrop discovery of the secret instructions from Asst. Attorney General Rod Rosenstein to Special Counsel Robert Mueller, Joe diGenova goes full wolverine.

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President Trump Signs Proclamation Instructing Secretary of Defense To Bolster DHS at Southern U.S. Border…

Today President Donald Trump signed a proclamation directing the National Guard to be deployed to the U.S.-Mexico border.  Earlier today DHS Secretary Kirstjen Nielsen explained the process:

In a memorandum to Defense Secretary Mattis, Homeland Security Secretary Nielsen and Attorney General Jeff Sessions, President Trump states the “situation at the border has now reached a point of crisis.”  The document orders the Secretary of Defense to support the Department of Homeland Security in securing the southern border to stop the flow of drugs and people.

FROM THE WHITE HOUSEWHAT: President Donald J. Trump is authorizing the deployment of the National Guard to support the Border Patrol in its mission to protect our country and stop the stream of illegal immigration.

To give our Border Patrol agents the support they deserve, President Trump is authorizing the deployment of National Guard units to the southern border to aid their mission.

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Very Important Economic Confrontation: Neil Cavuto -vs- Larry Kudlow…

Neil Cavuto is the defender of multinational Wall Street interests.  Cavuto’s boss, Rupert Murdoch has a well known insider nickname: “Mr. Wall Street”… The Murdoch operations (Fox News and Wall Street Journal among them) are ideological advocates for multinational corporations and historic globalist trade practices; to the detriment of the U.S. middle-class.  Cavuto and Murdoch are aligned with U.S. Chamber of Commerce President, Tom Donohue, in all things related to Big Multinational Trade.

In this interview there is a very apropos example of the twisted disconnect evident in the multinational corporate media perspective.  Please watch the part that begins around 04:55 and listen closely to Cavuto:

…”and we’re really seeing the effect on the folks who have to pay the bills for this sort of thing … we’re already seeing soybean prices coming down; we’re seeing pork related prices coming down … folks are taking it on the chin, what are you telling them?”… etc.

There it is.  Did you catch it?

In discussing futures Cavuto sounds the alarm for “Soybean prices coming down.”  “Pork prices coming down”; and “the folks “taking it on the chin.”

Now, think.  What Neil Cavuto is saying is that U.S. food futures prices are forecast to come down.  In that scenario who exactly is taking it on the chin?

Who is it that Neil Cavuto sees losing out in his position?  It’s not the family going to the grocery store… they will see lower prices… so who are these “folks” losing out?

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Newly Appointed NEC Chairman Larry Kudlow Talks Trade…

Replacing Gary Cohn, today is day one for Larry Kudlow to hit the airwaves as President Trump’s new Chairman of the National Economic Council.  This will be an interesting dynamic to watch.  In essence, Kudlow’s job – whether he admits it or not, is to remove the clenched grip of U.S. Chamber of Commerce President, Tom Donohue, from the republican trade and business position.

With multinational trade confrontations now taking center stage, Kudlow is going to have to slowly shift the GOPe political minds into a modern Trump-era where Main Street U.S.A. is the priority.  Wall Street needs to shift to domestic investment if they desire to remain beneficiaries.

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