This hearing might be a little too wonky for some, but not too many other policy issues touch 100% of American lives.   U.S. Trade Representative Robert Lighthizer will be delivering testimony today outlining the 2020 trade policy agenda.

The testimony is before the House Ways and Means Committee, and will be livestreamed on the committee website [SEE HERE] and below at 10:00am ET from the Longworth House Office Building.  USTR Lighthizer is the sole witness.

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Lighthizer will also be testifying to the Senate Finance Committee at 3:00pm. [LINK]

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U.S. Senator Josh Hawley delivered a speech on the floor of the senate that deserves some attention.  The larger issue outlined by Senator Halwey surrounds the recent Supreme Court Bowstock decision authored by Justice Gorsuch.  However, in overlaying the judicial outcome, Hawley hits on the central issue he calls the “conservative bargain.”

The entire speech is worth listening to, as the senator encapsulates many of the frustrations within the recent decision; but the segment at 07:15 cuts to the heart of the distinction between MAGA-Trump republicanism and the pathetic GOPe wing of the Mitch McConnell UniParty. We have previously called this “The Decepticon”  WATCH:

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In his opening monologue today Fox host Tucker Carlson took on the subject of Google and their control over 70% of all on-line advertising revenue.   Within the very accurate segment, Carlson noted that Utah Senator Mike Lee is in charge of the antitrust subcommittee and yet does nothing, absolutely nothing, to stop the authoritarian demonetization and deplatforming action carried out through the monopoly Google holds.

No single issue will do more damage to the reelection efforts of President Trump than allowing Google to carry out their political agenda. However, that accepted, that’s also the motive for the Senate and DOJ to do nothing. This is a good, honest and painful segment:

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Earlier today the DOJ filed a civil action [see pdf here] against former National Security Advisor John Bolton for refusing to comply with the classified intelligence review prior to publishing a book.  [DOJ FILING LINK]  Perpetual warmonger John Bolton worked as NSA to President Trump from April 2018 to September 2019.

Bolton was always an odd pick for National Security Advisor given his propensity to advance mid-east wars and advocacy for military strikes against North Korea.

…”On June 7, 2020, without Defendant giving any prior notice to the NSC, press reports revealed that Defendant and his publisher had resolved to release the book on June 23, without completing the pre-publication review process. Subsequent correspondence with Defendant’s attorney confirmed that public reporting.

Simply put, Defendant struck a bargain with the United States as a condition of his employment in one of the most sensitive and important national security positions in the United States Government and now wants to renege on that bargain by unilaterally deciding that the prepublication review process is complete and deciding for himself whether classified information should be made public.”… (pdf)

An embed of the lawsuit is below:

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There is considerable conversation, on all sides of the issue, surrounding a 6-3 supreme court decision today recognizing “gay” and/or “transgender” persons as being protected by the 1964 civil rights act under the definition of “sex”.  Factually, the decision authored by Judge Gorsuch writes those terms into the legislative definition; that’s a problem.

However, that said, for all practical purposes and intents, sexual orientation has been a protected employment category -as viewed by the Dept. of Labor and EEOC- since the mid-90’s. So some of the over-the-top exclamations, in both directions, are moot amid the world of practical application.

As to the issue of SCOTUS usurping the legislative responsibility for the practical wording of law, yes, this ruling is an issue, and Judge Alito is absolutely correct in all corners of his dissent.  Justice Gorsuch has opened a can of worms for downstream consequences unrelated to employment eligibility; and a myriad of potential future cases based on gender orientation are likely to flow to the court; so the big picture is problematic.

All arguments surrounding the issue of SCOTUS writing legislation through the delivery of opinion are merited and worthy.  However, on the specific application of ‘gender’ to employment eligibility, today’s ruling was already in place.  Amy Howe has a good encapsulation at SCOTUS Blog:

“Today the Supreme Court, by a vote of 6-3, ruled that even if Congress may not have had discrimination based on sexual orientation or transgender status in mind when it enacted the landmark law over a half century ago, Title VII’s ban on discrimination protects gay, lesbian and transgender employees. Because fewer than half of the 50 states currently ban employment discrimination based on gender identity or sexual orientation, today’s decision is a major victory for LGBT employees.”

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The U.S. media are in ideological alignment with blue state governors and congressional democrats to hype COVID-19 panic as a method to keep the economy from reopening.  To advance this narrative the crowds during mass protects they approve of are ignored; but any crowd at an event they do not align with is used to push panic. Everyone can see this.

The New York manufacturing index shocked everyone earlier today showing a strong rebound.  The index “unexpectedly” surged 48 points in June surprising all economic forecasters.   Meanwhile, National Economic Council Chairman Larry Kudlow appears on Fox News to discuss the dynamics.

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As Kudlow notes, President Trump is looking to use any potential phase-4 legislative package to inject a massive ‘America First’ boost, via tax incentives for manufacturing business interests to return to the U.S.  The administration does not see a need for additional direct spending, bailouts, or continued payments; however, this is an opportunity to provide tax incentives to boost U.S-centric economic activity.

It’s important to remember the dynamic of U.S. multinationals (Wall St), and how many of them align with Democrat and media efforts to hold down the U.S. economy. There are trillions at stake.

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Senate Homeland Security Committee Chairman Ron Johnson appears on Fox News with Maria Bartiromo to discuss his committee investigation into what the U.S. intelligence apparatus was doing during the 2016 election, transition, and first two years of President Trump’s tenure in office.

It’s a good interview, and chairman Johnson outlines additional subpoenas that his committee is submitting to compel testimony and gain documents.  However, it’s now mid-June 2020.

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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.

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Put this in the ‘things that make other things make sense‘ file….

Some smart sleuthing by Raheem Kassam and Natalie Winters at The National Pulse shows the donations made to Black Lives Matter actually go to ActBlue.  From there ActBlue takes those contributions and sends them forward to the Joe Biden Campaign.

While the Biden campaign insists it doesn’t support efforts to defund the police, it may happily profit from Black Lives Matter (BLM) efforts, and is complicit in taking money from an organization partnered with those spearheading the dangerous policy that has already taken root in Minneapolis, New York, and Los Angeles.

After reaching the BLM homepage, which features a “Defund The Police” petition front and center, if a user chooses to donate, they’re rerouted to a site hosted by ActBlue and prompted with the message: “We appreciate your support of the movement and our ongoing fight to end state-sanctioned violence, liberate Black people, and end white supremacy forever.”

Joe Biden is the top beneficiary of the ActBlue’s fundraising efforts.  (link)

This means donations to Black Lives Matter are actually the primary funding mechanism for Joe Biden 2020; and that explains why national democrats (Pelosi) and the DNC have changed their position on BLM as an activist organization, and now embrace them openly.

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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.”

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