Quantcast

NEC Director Larry Kudlow: "President Trump Has Restructured The U.S. Economy" – Main Street USA is Back On Top…

National Economic Council Director Larry Kudlow appears on Fox Business news to discuss the November jobs report, economic growth and the China trade discussions.
Kudlow highlights the primary point that President Trump has reestablished Main Street USA as the primary focus of policy.  U.S. companies invested in the U.S. economy are doing exceptionally well and receiving the majority benefit.  U.S. multinational companies who are invested overseas are not benefiting as much.  Wall St -vs- Main Street.


.
Director Kudlow is correct, if the House can ratify the USMCA trade deal, North America will see a massive influx of investment.
In essence Titan Trump is winning the economic battle by: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity (bilateral deals); and (d) dismantling the post WWII Marshal plan of global trade and one-way tariffs (de-globalization).
(more…)

Chris Heinz's Dad Endorses Hunter Biden's Dad – A 'Protect the Family' Decision…

Hunter Biden, Chris Heinz and Devon Archer created an international private equity firm. It was anchored by the Heinz family alternative investment fund, Rosemont Capital.
The Rosemont group described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”
As Vice-President Joe Biden (Hunter’s dad) and Secretary of State John Kerry (Chris’s dad) negotiated sensitive and high-stakes deals with foreign governments, Rosemont secured a series of exclusive financial deals with those same foreign governments. Hunter Biden and Chris Heinz made millions.  Today John Kerry endorses Joe Biden:

(more…)

NATO Bilat #3 – President Trump Delivers Remarks With German Chancellor Angela Merkel – Video and Transcript…

President Trump held a bilateral meeting with German Chancellor Angela Merkel on the sidelines of the 2019 NATO Summit in the U.K.  Against the backdrop of President Trump favoring increased tariffs against the EU to initiate a new trade deal based on reciprocity; and against the intransigence of Chancellor Merkel refusing to live up to the NATO Wales Accord and pay two percent of GDP for defense; there is some diplomatic tension.
We can sense a more determined tone from President Trumy as both he and Chancellor Merkel took questions from media. [Video and Transcript Below]


.
[Transcript] – PRESIDENT TRUMP: Well, thank you very much. We had a very successful NATO meeting. I think it was one of the most successful. We’re just discussing that the best, certainly, that I’ve been — I’ve been to three of them now, and this was really something very special. There’s great spirit. A lot of people are putting up a lot of money. We have $130 billion more. And within three years, we’ll have $400 billion more put up by other countries. So that’s really something. And it was a great meeting.
(more…)

USMCA Rumblings – After Letter from Mexico to Pelosi, USTR Lighthizer, FM Seade and FM Freeland Meet in DC…

Something is shaping up in the political background around the USMCA.

Yesterday Mexican President Andres Manuel Lopez-Obrador (AMLO) sent a second letter to House Speaker Nancy Pelosi urging USMCA ratification.  Team Trump and Team AMLO are working together against Team Pelosi & AFL-CIO Richard Trumka.
Essentially AMLO has been saying the labor provisions within the USMCA trade pact are already being put in place by Mexico, and Pelosi should quit trying to hide behind labor concerns to avoid ratification.

Tomorrow, on the eve of Thanksgiving at the request of the Trump administration, U.S. Trade Representative Robert Lighthizer, Mexican Foreign Minister Jesus Seade and Canadian Deputy Minister Chrystia Freeland are holding a meeting to discuss the  AFL-CIO/Pelosi issues within the USMCA labor provisions.
FM Chrystia Freeland is irrelevant to the meeting; she’s a potted-plant rubber stamp for whatever scheme Pelosi is cooking. It is House Speaker Pelosi who is using her pressure over labor unions to hide behind AFL-CIO Richard Trumka and claim U.S. labor unions have issues with the USMCA labor provisions. It ain’t about labor; it is all political cover.
However, it is interesting that USTR Lighthizer, a man with the patience of Job, called Jesus Seade and Freeland to DC:

WASHINGTON – The three trade ministers from the United States, Canada and Mexico are set to meet in Washington on Wednesday to discuss the deal to replace NAFTA, seven people familiar with the plans told POLITICO.
The meeting involving U.S. Trade Representative Robert Lighthizer, Deputy Canadian Prime Minister Chrystia Freeland and Mexican Undersecretary for North America Jesús Seade comes as the Trump administration is nearing a compromise with House Democrats to make changes to the USMCA.

(more…)

MAGAnomics – Weekly Jobless Claims Drop 8,000 – Main Street Employment Remains Very Strong…

Unemployment claims dropped by 8,000 last week showcasing a very strong job market for all sectors of employment.  The U.S. Dept of Labor Report shows continued strong jobs growth surprising most economic pundits.

(DOL Report – pdf page 4)

(Reuters) – The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth.

(more…)

President Trump Delivers Remarks During Pittsburgh Shale Conference – 3:40pm Livestream…

Today President Trump has traveled to Pittsburgh, Pennsylvania to deliver remarks at the 9th annual Shale Insight conference.  Anticipated start time 3:40pm EDT.
UPDATE: Video Added


(more…)

Peter Navarro Discusses U.S-China Trade Discussions, EU Tariffs and USMCA Importance…

Office for Trade and Manufacturing Policy’s Peter Navarro discusses the China trade negotiations, the UAW General Motors strike, U.S. tariffs in European goods, and USMCA.
On the U.S-China ‘Phase-1’ construct the key issue is going to be the enforcement mechanism to ensure any agreement has strength.  On U.S. placing tariffs on the EU due to the Airbus ruling Navarro reminds everyone the WTO ruling does not permit the EU to place tariffs on U.S. productions.  On USMCA everyone avoids telling the truth; that is  Nancy Pelosi is waiting to see what happens in the Canadian election in three days.  If Trudeau wins re-election, the USMCA will likely be scrapped (tabled) by Pelosi.


.
{*Note* We are holding-back on BREXIT-EU deal outlines until we complete reading the majority of the 2,000+ pages of UK-EU legal agreement construct.}
(more…)

Energy Secretary Rick Perry Discusses His Departure…

Energy Secretary Rick Perry appears on Fox News to discuss his departure as Secretary of Energy from the administration.
Additionally, Secretary Perry shoots down the talking points about Ukraine outlining how the administration was working throughout 2017, 2018 and 2019 to ensure corruption was addressed in order to advance the U.S. and Ukraine relationship.


(more…)

Commerce Secretary Wilbur Ross Outlines U.S. Trade Policy and Goals of Administration…

Commerce Secretary delivered a speech to the Federalist Society today as he explained U.S. trade policy under President Trump and the long-term goals and objectives.


(more…)

Solomon Reports: Ukraine Investigation into Burisma/Biden Was Re-Opened in February 2019…

Journalist John Solomon appeared on Fox News with Sean Hannity last night to drop a considerably important revelation. According to Solomon’s reporting the White House has open-sourced evidence that Ukraine re-opened their investigation into Burisma Holdings and Hunter Biden in February 2019; several months before President Trump spoke to President Zelenskyy.


(more…)