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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During strong testimony today in congress, representative Jim Jordan addressed the “Defund the Police” movement being pushed by radical democrats.  WATCH:

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Fox News host Tucker Carlson has a brief interview with former Acting DNI Ric Grenell about his experience within the DC bubble. As Grenell notes the permanent administrative state is a big problem.

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CTH noted last night that something shifted.

It was clear the Biden/Clyburn plan was quickly adjusted due to something internal; likely polling.

Today, the background issue surfaces; the Biden/Clyburn campaign saying they do not support defunding the police.

“As his criminal justice proposal made clear months ago, Vice President Biden does not believe that police should be defunded,” Biden campaign spokesman Andrew Bates told reporters. (link)

Just as we suspected the insufferable stupidity -and ideology- of the far-left movement has been identified by the DNC as a dangerous political position to retain.  And so the retreat begins…. But, like all modern leftists always do, the Democrats begin the retreat by pretending they never supported the position in the first place.

In order for modern leftists to advance their extreme ideology they have to pretend not to know things.  The pretense allows them to avoid admitting the inherent hypocrisy within every leftist position. It’s a laughable situation and so easy to deconstruct.

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Senator Lindsey Graham appears with Maria Bartiromo to discuss last weeks testimony by former Deputy AG Rod Rosenstein.  It remains clear that part of Graham’s purpose for discussing the FISA fraud and the Spygate operation is to enhance his reelection bid.

However, all of that said, the key point of this video is buried deep at 05:47: “I made a request to interview the case agent and the intel analyst, and there were two other people, who interviewed the [primary] sub-source for three days in January, again in March and again in May, they’re denying me the ability to do that, I’m going to keep working the system”…

Unfortunately Ms. Bartiromo did not catch the phrase “they are denying me the ability to do that”, and she never asked who “they” are.  The impression is the FBI is blocking Graham from interviewing the FBI investigators.  You decide.  WATCH:

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Earlier today President Trump held a news conference at the White House to discuss current events that are of interest to the nation. [Video Below – Transcript Will Follow]

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