Perhaps the status of the economy in China is even worse than many have suspected.  An interesting public statement from their State Council today highlights a promise by China to support jobs during their current economic downturn.

Against the backdrop of Hong Kong’s protests toward Beijing oppression, a rebellion of the people against the command authority is the single-most feared action by those in charge of government.  If the economy is in worse position than previously thought, this latest statement might explain some of Beijings’ recent trade and economic concessions.

(Reuters) – China will step up support for employment to cope with rising pressure on job security due to internal and external challenges, the cabinet said on Tuesday, as the world’s second-largest economy slows.
Simultaneous downturns in the services and manufacturing industries pose a major problem for authorities seeking to keep a lid on unemployment and prevent social unrest as economic growth decelerates to near three-decade lows.

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Jumping Ju-Ju Bones, Santa cancelled the recession!!

According to the latest data stats from last weekend, Saturday holiday shopping in the U.S. was more than $34.4 billion in sales.  That’s the largest single day in the history of U.S. retail sales.  Higher wages, record employment, low inflation, consumer confidence and economic security means more disposable income… boy howdy, these numbers are huge.
Keep in mind U.S. retail sales account for two-thirds of U.S. GDP growth. Wow:

(MSM-Bloomberg) Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners.
“Paced by the ‘Big Four’ mega-retailers — Walmart, Amazon, Costco and Target — Super Saturday was boosted by the best traffic our team has seen in years,” said Craig Johnson, president of the retail research firm.

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Donald J Trump was the only candidate in 2016 who knew how to use China’s panda playbook against them.  Thus, when you plant your tree in another man’s orchard, don’t be surprised when he charges you to harvest your own apples…

BEIJING (Reuters) – China will lower import tariffs on over 850 products from Jan. 1, including frozen pork and frozen avocado, the finance ministry said.
It will also further lower import tariffs on some information technology products from July 1 next year, said the ministry, in a statement on its website. (link)

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Today President Trump will be speaking at Turning Point USA’s Student Action Summit in West Palm Beach, Florida.  The anticipated start time is 5:00pm ET:
WH Livestream Link – Fox News Livestream Link – NBC Livestream Link

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The media narrative engineers and stenographers are fully engaged, gleeful with impeachment blood-lust amid their broadcast brethren. The raw political corruption is now extreme.

Do not look away.

As we bear witness, anyone trying to convince us this entire assembly of our union is headed in the right direction, well, they might want to revisit their proximity to the 2020 election ballpark. Because they’re not just out of the city – they’re also out of the same state the election ballpark is located in….. Then again, the media know that.

However, they have no idea just how many of us there are!
David Mamet had a famous saying, essentially: …‘in order for democrats, leftists, progressives et al to continue their illogical belief systems they have to pretend not to know a lot of things’… By pretending ‘not to know’ there is no guilt, no actual connection to conscience. Denial of truth allows easier trespass.
This hate-filled Democrat ideology relies on our willingness to accept their lies, falsehoods, and scripted presentations; and then demands we grant benefit amid their seeds of doubt.
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Great interview with United States Trade Representative Robert Lighthizer as he described the goals, objectives and outcomes of the USMCA and U.S-China Phase One agreements.
While answering a question about Wall St. journal criticism of the USMCA, Lighthizer discussed the dynamic of Wall Street -vs- Main Street as part of the bigger picture objective in the revised deal. He avoids the words “globalism” -vs- “nationalism” but the sentiment as described is there.
On China Lighthizer emphasizes the “phase one” deal is really a test to see if it is even possible to have an enforceable trade agreement between a communist state-run economy (China) and a free-market economy (U.S).

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In July and August the U.S. was heading into a recession according to the media.  The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions.  Things only got better.
The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing.  The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse.  Foiled again, it just never happened.  Democrats have permanent frowns.
Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

At the same time Beijing is reportedly promising internal reforms to retain access to a vital and necessary U.S. market for Chinese goods, Beijing is threatening Germany if they block Huawei technology from their 5G network China will announce German autos are unsafe for import…. Chancellor Angela Merkel is in a pickle.

According to Bloomberg analysis, German automakers sold approximately seven million cars to China in 2018.  The Chinese Ambassador to Germany said this weekend: ” “If Germany were to take a decision that leads to Huawei’s exclusion from the German market, there will be consequences. The Chinese government will not stand idly by.”

(SCMP) […] The Chinese ambassador in Berlin has stirred up a fresh controversy over the tech giant Huawei after he threatened “consequences” if it was excluded from Germany.

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National Economic Council Chairman Larry Kudlow appears on Fox News for a discussion of the status of the U.S. economy, the USMCA and the U.S-China trade agreement.
The Wall Street GOPe, positioned primarily in the senate, are preparing to punish the administration for their restructuring of global trade against the backdrop of the senate influence over impeachment.

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USTR Robert Lighthizer made a rare appearance in the media to discuss the “big picture”, and some specifics, around the U.S-China phase-one agreement.
Ambassador Lighthizer notes the principle challenge is generating an enforceable set of standards -within a written agreement- between a totally controlled communist economic system (China) and a free-market system (USA).  No other nation has ever tried, and there is no preexisting trade agreement to facilitate a mapping.  What Lighthizer is constructing will be what all nations will start to use going forward.  This is historic stuff.
Arguably, next to President Trump, USTR Lighthizer is one of the most consequential members of the administration. What he is constructing, with the guidance of President Trump, is going to influence generations of Americans.

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[Transcript] MARGARET BRENNAN: This week, the U.S. and China agreed on the first phase of a trade deal that would roll back some American tariffs. It’s expected to be signed in early January. We’re joined now by the U.S. Trade Representative, Robert Lighthizer, the top negotiator in those talks with Chinese officials. Good to have you here.
U.S. TRADE REPRESENTATIVE ROBERT LIGHTHIZER: Thank you for having me, MARGARET.
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