National Economic Council Director, Larry Kudlow, discusses the third-quarter economic GDP result and the indicators for the fourth quarter.  Kudlow nails this one with a blend of empirical economic data and industrial manufacturing ground reports.

Keep in mind today’s excellent GDP growth result was despite a big part of the U.S. economy intentionally being kept closed by blue state politicians as part of a COVID weaponization strategy.  Additionally, the travel, hotel and hospitality sector is severely hampered…. yet the overall economy is booming despite that. [See previous post]

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The inventory factor is a big part of the predictive value for the fourth quarter, and hearkens back to my earlier notation about this holiday season being short of products to meet a retail consumer demand (buy early). Also, tip bigly those workers within the hospitality industry that are working; create an organic infusion of relief money.

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For several months the Trump administration has been talking about a “V-Shaped recovery,” meaning the COVID-19 rebound would be as strong as the preceding quarter contraction.  Today the Bureau of Economic Analysis (BEA) released the third-quarter economic stats reflecting exactly that, a V-shaped recovery.

The 3rd quarter rebound in GDP growth was 33.1 percent, larger than the 2nd quarter contraction of 31.4 percent.  And keep in mind this is with a major part of the U.S. leisure and hospitality sector remaining severely impacted. [See Table 3, Line 20]

Despite several blue states attempting to stall their economic recovery, overall the economy is rebounding as expected.  Obviously the threat of COVID has been weaponized as an election strategy. It is against the interests of the administration’s political opposition to support a more honest, open and engaged economic recovery.

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According to the popular media narrative Joe Biden has a commanding lead in the state of Michigan.  However, that claim is belied by the need for the campaign’s biggest influence agent, former President Barack Obama, to join Biden on Saturday in Michigan.

If internal polling did not show a problem, they would not be campaigning there.  Which hearkens back to the foundational reality mentioned several weeks ago that Gretchen Whitmer’s COVID lockdown has backfired against the Biden campaign in a state they were counting on.  The false narrative is running into reality as the MAGA movement surges.

Interestingly, the Michigan -vs- Michigan State football game is happening on the same day, so interest in Obama is already facing a headwind…. And the fact that Biden-Harris are keeping the venue secret highlights their effort to avoid a repeat of recent swarms of Trump supporters showing up and outnumbering the Biden crowd.

Governor Gretchen Whitmer has turned herself into a severe liability through her arbitrary and unpopular COVID lockdown dictates.  Whitmer was positioning herself for a cabinet position in a Biden administration; those hopes are diminishing by the hour.

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With reports of Joe Biden cancelling all in-person campaign events, the Club members are trying to carry their Potemkin candidate across the finish line.

Everyone is now aware Joe Biden is a cover for the real person the puppeteers want in the oval office, Kamala Harris.

That said, the DNC needs to weaponize the COVID-19 threat as a cover story to explain the lack of campaigning by the Democrat candidates; hence, the media hype of the coronavirus is back this week in full swing.

COVID fear is a narrative cover-story to hide the lack of support for Joe Biden and Kamala Harris. Part of that cover-story is needed because the MAGA community was showing up in overwhelming numbers at Biden-Harris events, and the false illusion of support -propping up the Potemkin village- was being exposed.  All of these machinations are part of a remarkable attempt at psychological operations in this election. [SEE HERE]

Thus the questioning of President Trump this morning.  WATCH:

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♦ Remember, General Stanley McCrystal is working with a SuperPAC to use psychological warfare against the American electorate.   Even the Washington Post admitted:

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Comrades, there is a rather disturbing video reportedly showing New York police attempting to enter a Rockland County, New York, private residence while concerned about COVID compliance rules being violated.

In the video the police officer says he was responding to a complaint about cars parked in front of the house and noticed that a gathering of more than ten people was underway inside, which he calls “an issue.”  The owner appears to be an Orthodox Jew and disagrees that “a few friends” coming together is an issue requiring police intervention. Weird.

Question: Is it illegal in New York to have more than ten people in your house?

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Earlier today those behind the Biden campaign dropped all pretense, openly having their candidate state publicly his intention to control the lives of all Americans using the authority of a weaponized federal government to advance national COVID-19 regulations.

As you watch this video from Biden’s campaign today it is important to remember state government officials have already moved to define “essential businesses” and “essential workers” during the forced shut-downs.  That is going to become a bigger issue downstream; however, for now just watch closely what Joe Biden is saying here:

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The Dept of Transportation would be the agency enforcing a national interstate transit mask requirement. However, don’t focus on the DoT part of what he is saying… that’s only one creek… Instead focus on the downstream use of all federal regulatory agencies and how they align within a Federal COVID compliance network… that’s the river.

Think about the Dept of Agriculture, the Dept. of Labor, the Dept of Education, the Occupational Health and Safety Administration (OSHA) and how they would join with the DoT to create the aggregate raging river of regulation.

Here’s what I mean:

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A Lebanon County, Pennsylvania, restaurant took their COVID-19 $10,000 state fine to court and said “not guilty.”   The judge agreed with their legal position that Governor Tom Wolf’s unilateral decrees were arbitrary, unconstitutional and not enforceable.

(Via Breitbart) […]  “The crux of the legal argument is that orders that have been issued by the Governor and The Department of Health are legally unenforceable. Judge Garvey agreed with that argument,” said Eric Winter, the restaurant’s lawyer.

The restaurant, which is owned by siblings Michael Mangano and Christine Wartluft, opened its doors in May as restrictions ran rampant throughout the state in an effort to “make a living.” (read more)

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There’s an old saying: “when there’s blood in the streets buy real estate.”  The modern version of the axiom relates to the strategy of George Soros:  create the crisis; fund the political arsonists; drive the turmoil; then benefit from pre-positioned finances.  Both versions are essentially saying the same thing.

Without opinion as to the origin and possible intent of the Chinese COVID-19 launch, what became obvious early on was how the virus could be weaponized for maximum political value.

Factually, and specifically when contrast against the most recently visible control efforts by social media giants to assist Joe Biden, you might remember back in March, April and May, how any contrary opinion of the COVID-19 hype was met with massive censorship by those exact same social media control agents.

Multinational firms like Google Inc. took down YouTube videos; Facebook banned speech or contrary scientific discussion; and Twitter banned all users who would dare question the COVID narrative.  It was not/is not a coincidence those same voices are now currently suppressing information and pushing Joe Biden for the 2020 election.

If you realized the hype of COVID-19 was a weaponized narrative, then this recent story shows how the control agents also know that hype program is soon to end.  Look:

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The September retail sales show it’s a super-V recovery folks.  According to Census Retail data released today [LINK HERE] – [PDF HERE] September retail sales jumped 1.9 percent, that result is triple what forecasters and economists had projected.  However, the data is even better.  Need more winnamins !

A September 2020 comparison to September 2019 shows last month’s retail sales jumped a whopping 5.4 percent year-over-year.  That means last month saw consumer spending 5.4% higher than consumer spending before COVID-19 hit the U.S. economy. Keep in mind two-thirds of U.S. GDP is driven by retail sales and consumer spending.

Reuters is absolutely apoplectic with disappointment because their forecasters were only looking for 0.7 percent growth, and the 1.9 percent result is almost triple their expectations.  Despite missing the forecast, Reuters doubles-down on a “dark cloud” narrative and sells a doomsayer message because the globalists/multinationals are sad.

(Reuters) […] Retail sales jumped 1.9% last month as consumers bought motor vehicles and clothing, dined out and splashed out on hobbies. That followed an unrevised 0.6% increase in August.

Economists polled by Reuters had forecast retail sales would rise 0.7% in September.

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Earlier today President Trump called-in to Fox Business to discuss COVID relief package negotiations and other ongoing matters with Stu Varney.  Here’s the full interview:

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