It’s really interesting to read the financial presentation of Reuters in their article outlining the Fed, Chair Janet Yellen, decision to raise interest rates a quarter point (.25).  Keep in mind that Reuters traditionally slants left (globally) on all economic presentations.
Those Treepers who have followed our economic analysis will note the disparity between Yellen’s justification and the inconsequential impact therein.   The Stock Market never even flinched today.  Part of the reason is the disconnected (traditional) view of economics within the current Yellen justifications.  It ain’t just us who sees this “new dimension“.

Emphasis in citations are all mine.

(Reuters) The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.
The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked one of the Fed’s most convincing steps yet in the effort to return monetary policy to a more normal footing.

{define “normal”}
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For those who are economic and trade policy junkies, President Trump’s key pick for U.S. Trade Representative, Robert Lighthizer, testified today at his Senate Confirmation Hearing.  To skip the legislative posturing {gag} forward the video to 33:00:

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Mr. Lighthizer, 69, worked for decades as a trade lawyer, representing clients including U.S. Steel Corp.  Historically, he has been critical of U.S. officials who supported China’s entry into the World Trade Organization in 2001, and argued the move worsened America’s trade deficit and hollowed out our manufacturing sector.
Two decades of actual, and quantifiable, results later shows Lighthizer was absolutely 100% correct in his criticisms and predictions.  Ultimately this is why the Globalists within the Democrat machine want to keep Lighthizer out of office.  Mr. Lighthizer will forget more about trade deals than the next closest person could ever know. (more…)

Earlier today President Trump met with his cabinet members and outlined the administrations’ expectation they immediately conduct a wholesale review of each department in order to lower costs, shrink the size of their departments and utilize their leadership and executive skills to remove cost redundancy with extreme urgency.

To accomplish this goal, President Trump signed an Executive Order initiating an immediate reorganization of the executive branch –SEE HERE–   Including the elimination of “unnecessary agencies” as identified in the review.

Section 1.  Purpose.  This order is intended to improve the efficiency, effectiveness, and accountability of the executive branch by directing the Director of the Office of Management and Budget (Director) to propose a plan to reorganize governmental functions and eliminate unnecessary agencies (as defined in section 551(1) of title 5, United States Code), components of agencies, and agency programs.

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[Transcript] 3:07 P.M. EDT – THE PRESIDENT:  Hello, everybody.  I’m proud to welcome everyone to our first official Cabinet meeting. (more…)

Any analysis of the current CBO projections for the Price/Ryan Healthcare proposal should keep in mind the original number of “uninsured” during the 2009/2010 debate over ObamaCare was 30 million.
The entire premise for ObamaCare in 2009 and 2010, as espoused by the people selling the need, was to cover those 30 million uninsured.
With that in mind, the fact that CBO projects uninsured coverage of 28 million in 2026 if no changes are made to ObamaCare – means that seven years of healthcare chaos have resulted in coverage for only 2 million people.
Let that sink in.
Seven years of explosive costs, loss in coverage, collapsing plans, lost doctors, and all of the accompanying crisis have yielded a net insurance coverage for only 2 million people.

Here’s a Link to the Actual CBO Report
Here’s the CBO report as delivered by Reuters – Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare, the nonpartisan U.S. Congressional Budget Office said on Monday in a report that dealt a potential setback to President Donald Trump’s first major legislative initiative. (more…)

Representative Jim Jordan lays out a forceful case to destroy the RyanCare healthcare proposal.  Jordan makes a lot of good points; however, the unnerving aspect is Jordan’s response to the long-term ramifications of blowing up the Senate process:  “I don’t care” if we lose elections and end up with single-payer healthcare.
Jim Jordan is scheduled to meet again with President Trump this coming Tuesday.

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Earlier on Fox Business News, House Majority Whip, Representative Steve Scalise, defended the current three-step proposal and extended the conversation into the budget ramifications and the Trump tax reform proposal.
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Secretary Wilbur “wolverine” Ross, aka Wilburine, discusses his perspective on trade issues, and enforcement.    Gotta love Wilburine’s magnanimous graciousness as he explains the “goodwill gesture” extended recently to Mexico.  {LOL} Wilburine also hits at Trade with Japan being utilized as offsetting leverage with China. [Explains golf with Abe]

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As more people begin seeing through the fog of political “talking points”, the next response from those suffering from battered conservative syndrome is to say: well, do nothing, and allow ObamaCare to simply self-destruct.
Unfortunately, this is not an option.  At least it’s not a reasonable option.  To understand how battered conservatives are being lead around, used and abused, it is very important to understand the abusers.  There are many.

Last week Treasury Secretary Steve Mnuchin informed congress it will soon be necessary to raise the debt ceiling.   Immediately, crony-constitutional conservative types, like many who assemble in the House Freedom Caucus, shouted “no way”; apparently, according to their pearl-clutching political position – it unnerves their fiscally conservative sensibilities.
Interesting.
On October 21st, 2015, the Freedom Caucus itself backed Paul Ryan for Speaker of the House of Representatives. (LINK)  A week later, October 28th, 2015, members of the same Freedom Caucus voted to approve a $2+ trillion dollar Omnibus spending bill, a massive continuing resolution, and removed the debt ceiling restrictions (link).  Two days later, October 30th, 2015, at 3:00am in the morning, the Omnibus CR bill passed the Senate (link).
This was yet another year without a federal budget, and a specific decision to fund all of Obama’s spending priorities for 2015 and 2016.  (more…)

On Saturday in Louisville, Ky., Vice President Mike Pence spoke about President Donald Trump’s plan to repeal and replace ObamaCare.  Anyone else notice Kentucky Senators Mitch McConnell and Rand Paul were not present?

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“The ObamaCare nightmare is about to end. … Virtually every promise with ObamaCare has been broken,” Pence said, adding Kentucky is one of the many states negatively affected by the Affordable Care Act.
Pence promised that ObamaCare would not continue, since it has been a top priority of the Trump administration to repeal and replace the program.
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In the largest measure, the basic problem is in 2009 Harry Reid passed the ObamaCare legislation in the Senate with 60 votes.  The House then passed the exact same bill, and the Democrats moved to immediate reconciliation to remove the House concerns (Gator-Aid, Cornhusker Kickback, Louisiana Purchase etc.).
In 2017 the Republican congress are attempting to repeal and replace that ObamaCare legislation with only 52 Senate votes available, well, maybe.
Unfortunately for the GOP there are not even 52 votes for repeal.  Portman, Thune, Collins, Murkowski, Graham, McCain, Blunt, Cochran, Cornyn, Hatch, McConnell and others, are not necessarily on board; that’s 11. (Leaving only 41).
No amount of byzantine rule changes surrounding “reconciliation” are going to overcome that factual vote hurdle.  In 2009 Senator Reid started with 60 votes.  In 2017 Senator McConnell starts with 52.

So anything coming from the House of Representatives has to keep this reality in mind.  Even if support or opposition is based on ideological principle, it still has to pass – or it’s moot.
There’s no doubt the Paul Ryan proposal holds the worst U.S. CoC aspects demanded by Tom Donohue.  Heck, Donohue poured a lot of lobbying money into the entire architecture in ’09/’10 and he’s paid republicans in congress hundreds of millions to make sure his interests in keeping ObamaCare around are protected.  Ryan is big GOPe and he’s supported by the Big Club.
And, as much as Paul Ryan is beholden to Donohue to retain some form of ObamaCare, so too are the Rand Paul / Ted Cruz types paid by billionaires like Cary Katz (Conservative Review); who want an abject repeal without compromise. (more…)

Reposting part of a previous outline by request.  The repost is requested as an outcome of the latest wage rate news within the February labor report.  The wage rate increase is not being highlighted, and in some reports downplayed, by media.   However, the measurable matrices inside the space between two economic engines is responding according to prior outline on the new economic dimension.

First the recap of the day’s news on labor rates:

WASHINGTON DC – With the labor market near full employment, wage growth could speed up as companies are forced to raise compensation to retain employees and attract skilled workers. A proxy for take-home pay rose a solid 0.5 percent in February.

The annual wage increase is close to the 3 percent to 3.5 percent range that economists say is needed to lift inflation to the Fed’s 2 percent target. Inflation is already firming, in part as commodity prices rise.

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