National Economic Council Chairman Larry Kudlow appears for a Sunday interview with CNN’s Jake Tapper on the topic of the economy, recovery and re-opening. Tapper has to pretend not to know things, like how an extra $600/week (COVID unemployment) is a real disincentive for people to return to work.
White House Chief Economic Advisor to President Trump, Kevin Hassett, discusses the status of the U.S. economy and the difference between Red State and Blue State economic growth. As Hassett notes the Blue states have an intention to hold down the economy.
Always the happy warrior, Hassett walks through the data of tracking COVID-19 cases and notes there is no correlation between the level of economic activity in an area, region or state and the scale of positive test results for the virus. This is a key point.
On the potential for a phase-4 economic relief package, Mr. Hassett notes any legislative action requested by the White House would be very detailed and targeted down to specific tax policy for specific industry. There is no spending package being considered by the White House; instead they are looking at targeted tax relief to assist. WATCH:
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On a completely unrelated note Kevin Hassett is the kind of common sense advisor that all presidents’ would be fortunate to work with. He approaches the issues from a very pragmatic and reasonable direction, and is not prideful about saying a policy impact is unknown and should be monitored and adjusted in real time. We’re lucky to have him.
White House economic adviser Kevin Hassett appears on Fox News to discuss how the U.S. has been able to turn around the economy faster than expected. FED Chair Powell has a negative outlook on the economy (Powell supports Blue states), while President Trump has a positive outlook on the economy (Trump supports Red states).
Hassett admits the unusual internal dynamic around the Red States having strong economic growth but Blue States having negative results. Clearly this distinction is by design. Democrats are so blinded to their ideology they are willing to put their citizens through intentional economic hardship just so they can try to hurt the president.
If we think they’ve thrown the kitchen sink at us, just wait. The Trump campaign has announced the restart of Keep America Great rallies to begin in Tulsa Oklahoma on June 19th. [Tickets Here] And with that announcement we can immediately predict the apparatus of the resistance forces will once again start pushing the COVID-19 narrative.
My response, SCREW ‘EM.
I refuse to live on my knees.
“Rally to the standard” is a call to arms when a situation is critical, there is no time for lengthy debate, and optimal solutions are needed. The COVID-19 virus was weaponized for political purposes against us and our economy. Nothing they attempt now to try and retake that position should be taken seriously.
Decades of living with one foot in a flip-flop and the other in a wingtip lends itself to a rather odd set of life-skills and friendships; and we’re at the point where we each of us needs to ignore the nonsense and go about living our best life. We’re worth it.
Earlier this afternoon President Trump held a roundtable discussion on the topic of race relations with black leadership. Participating administration members included Ja’Ron Smith, Deputy Assistant to the President and Deputy Director of the Office of American Innovation and Secretary Ben Carson, Department of Housing and Urban Development.
Joining the administration team was: Wayne Dupree, Host, The Wayne Dupree Show; Raynard Jackson, President and CEO, Raynard Jackson & Associates, LLC; Sonnie Johnson, Host, Sirius XM’s Sonnies Corner; Lawrence Jones, Host and Contributor, Fox News; Pastor Darrell Scott, Chairman, Urban Revitalization Coalition, Inc; and Kareem Lanier, Co-Chairman, Urban Revitalization Coalition, Inc. [Video Below]
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It’s an excellent conversation.
[Transcript] – THE PRESIDENT: Well, thank you very much. We’re with friends of mine and members of the African American community, and we’re going to be talking about law enforcement, education, business, health, and various other things.
As you know, tomorrow, we’re going to Dallas. We’re going to start our rallies back up now. We’ve had a tremendous run at rallies. I don’t think there’s been an empty seat in — since we came down in the escalator with the First Lady. That was with the future First Lady, at that point. It’s been an amazing thing to behold.
The COVID shutdown was an exceptional event. The consequences from the shutdown do have ripple effects; however, the strength of the underlying economic foundation is now coming back into focus as the rebound starts taking shape.
Last week most economic analysts were stunned by the 2.5 million jobs added to the economy in May. As we shared earlier, the result wasn’t so surprising when you consider the framework of the Paycheck Protection Program (PPP) worked exactly like President Trump and Treasury Secretary Mnuching planned. The incentives within the PPP program did what they were intended to do; small and mid-sized businesses retained or rehired their employees.
Inside the foundation of the Trump Main Street economy, the cement that binds the America-First policy, are a series of pre-established economic policies that specifically targets middle-class workers. The foundation is made strong by net wage gains and earnings amid mid-tier workers; those wage gains are made more important by policies that keep inflation in check.
Blue-collar workers, on average, were fortunately positioned to ride-out the COVID shutdown. With the shutdown over; Main Street now quickly fires back into action.
The demand for mortgage applications rose five percent last week, resulting in year-over-year growth over 13 percent. Again, this result stuns the experts. Demand for home purchases remains high and people are confident in their income security to make big decisions on home financing. The visible strength of Main Street cuts against the naysayers and doomsayers who thought the COVID shutdown would collapse the economy. It didn’t.
It did not, because (a) the shutdown was an exceptional event; and (b) the underlying foundation is stronger than the blow it took from the COVID sledgehammer.
(Via CNBC) “The recovery in the purchase market continues to gain steam, with the seasonally adjusted index rising to its highest level since January,” said Joel Kan, an MBA economist. “Purchase activity increased for the eighth straight week.”
In a carefully orchestrated, timed and planned effort to maximize the political strategy of Joe Biden’s campaign director, James Clyburn, the capitol building was used as a stage.
While simultaneously making cultural appropriation great again House Speaker Nancy Pelosi, gave her political stunt crew Kente cloths to wear while bringing New Black Pander Party (NBPP) together for a cringe-worthy political stunt at Emancipation Hall.
The motives of the effort are transparent. The Democrat party, writ large, has made the calculation they cannot win the 2020 election without racial activism as the driver for votes. South Carolina representative James Clyburn is directing the Joe Biden campaign on the best utility for black pandering, specifically focusing on the AME church network.
The strategy is not without risk. Candidate Joe Biden defined the blackness of black people by saying if they did not support him “you ain’t black.” Obviously the strategy to campaign on this issue was made in the days prior to the South Carolina primary. What we see now is a continuation of that plan. However, the pandering is over-the-top; and there are indications of a backlash from within the black community.
White House trade and manufacturing policy advisor Peter Navarro appears for an interview with Maria Bartiromo to discuss the strong data for jobs amid the effort to reopen all facets of the U.S. economy. Navarro highlights the recent visit to Maine where he accompanied President Trump to celebrate U.S. critical manufacturing.
Within the interview Navarro reminds the audience of the larger strategic confrontation against China that involves multiple geopolitical aspects to the U.S. economy.
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The media apoplexy over positive economic news is directly related to how much damage a positive economy does to the Antifa/BLM strategy to divide our nation through class warfare. A thriving Main Street economy is antithetical to the objective.
In order for devout leftist ideologues, and their allies in the media, to continue advancing their ideology they must pretend not to know things. Denial of truth allows easier trespass. Never is this more true than in the hoax behind “social distancing.”
We were told we could not bury our lost family members or have funerals or memorial services because the COVID-19 infection spread was based on proximity.
We were told that science and doctors were the experts who would guide the rules and regulations. Those voices would shut down livelihoods; but we were guaranteed only the best science and health advice, not politics, was the reason.
Those same voices now say:
“As public health advocates, we do not condemn these gatherings as risky for COVID-19 transmission. We support them as vital to the national public health and to the threatened health specifically of Black people in the United States.” (link)
The manipulation of COVID-19, and all of the decisions within the weaponized fear of the virus, was entirely based on politics and ideology. As soon as those health ideologues needed to assemble large protest gatherings, they immediately dispatched the rules used against others.
The media apoplexy over stunningly positive economic news is directly related to how much damage a positive economy does to the Antifa/BLM strategy to divide our nation through class warfare. A thriving Main Street economy is antithetical to the objective.
A thriving Main Street means an expanding U.S. middle-class. As the middle-class expands it becomes more difficult to organize outrage based on division.
Part of the reason why limo-liberal elites have been successful politicians through the years is the outcome of their economic policy inherently creates a wider gap between the haves and have-nots. This divide allows politicians to control apportioning.
Exploiting the gap, essentially exploiting class warfare as a political strategy, is the fuel that drives identity politics. Ergo all progressive economic policies, the offshoring of jobs; the policies that support Wall Street and globalism etc; are designed to weaken the U.S. middle-class while making rich people more affluent, and poor people more dependent.
The ruling elites deny this fundamental truth, but the rust-belt did not create itself. The erosion of the U.S. manufacturing base -and Main Street- was an outcome of policy. Republicans and Democrats participated in this process. Democrats claim, falsely, to be champions of the middle-class; but their narrative is refuted by the actual results of their policy. Both parties are deep in the pockets of Wall St multinationals.
Many people call for a third party in politics without realizing President Trump represents the first second party DC has seen in decades. That’s why he is opposed by both wings of the same legislative bird.
Through dependency the political elites begin their role to decide who gets what part of their limited and controlled economic pie. Economic intervention, supported by both wings, in the spending process is what has allowed political interests to retain control.