Yesterday, Secretary of State Mike Pompeo delivered a video-conference message to the assembly of international economic leadership in Davos. [Full remarks and transcript below]
[Transcript] SECRETARY POMPEO: Good morning, and thank you, Borge, for your kind introduction. And thank you to the World Economic Forum for the invitation to speak today. It’s 18 degrees Fahrenheit here in Washington, D.C. You see the Lincoln Memorial to my back. So while I’m not here in person, I at least feel like I’m in Davos with the weather.
It’s interesting times that we live in. Over the past few years, all around the world, voters have tuned out politicians and political alliances that they thought weren’t representing their interests. A few examples of new directions that people have taken: Brexit; the election of President Macron in France; the rise of the Five Star Movement in Italy; Mahathir’s comeback in Malaysia; and of course, Borge, as you referenced, the election of President Donald Trump.
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The Trump administration has asked the Supreme Court to bypass normal procedures and decide quickly about the status of a 2020 citizenship question on the Census.
Citing an emergency rule, Solicitor General Noel Francisco stated “the case is of such imperative public importance as to justify deviation from normal appellate practice and to require immediate determination in this Court.”
(WaPo) Last week, U.S. District Judge Jesse M. Furman of New York ordered the administration to stop its plans to add the question to the survey. Furman said Commerce Secretary Wilbur Ross broke a “veritable smorgasbord” of federal rules by overriding the advice of career officials who said including the citizenship question was likely to cut down the response rate and make the census less accurate. (more)
The administration is informing the court the decision is needed by the end of June in order to meet the deadlines for printing the census reports. The solicitor general is proposing arguments for April if the court accepts the urgency request.
Director of the National Economic Council Larry Kudlow responded to a fake news story the U.S. has canceled a trade meeting with China; never happened – there was no meeting scheduled. Mr. Kudlow discusses some of the granular issues within the ongoing trade discussion with the Chinese.
Additionally, Chairman Kudlow discusses his outlook for the economy in light of the government shutdown.
There are some political observers who believe an extended government shutdown, that can impact the overall U.S. economy, is actually the goal behind the Pelosi strategy. There is a plausible basis for this perspective. Tom Donohue (et al) and Wall Street (writ large) would be the primary beneficiaries if Pelosi can break the “America First” economic focus. It would not surprise me to find out the Big Club people behind the Pelosi/Schumer strategy hold this K-Street intent. We’ll have to keep watching.
Posted in Big Government, China, Decepticons, Donald Trump, Economy, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA