Announcement from senate candidate Chris McDaniel – Today, Chris McDaniel announced that he will run for the United States Senate seat being vacated by Senator Thad Cochran. The seat will become open on Aprl 1, the date of Cochran’s retirement.

Cochran’s departure from the Senate will trigger a special election to fill his unexpired term. McDaniel has been getting a lot of encouragement from his supporters to run in the open seat. Supporters say an open seat is the best path for McDaniel to win election to the United States Senate.

“By announcing early, we are asking Mississippi Republicans to unite around my candidacy and avoid another contentious contest among GOP members that would only improve the Democrats’ chances of winning the open seat,” McDaniel said. “If we unite the party now and consolidate our resources, we can guarantee Donald Trump will have a fighter who will stand with him.”

The open seat is the same seat McDaniel competed for in the 2014 Republican primary where he received the most votes with 49.5 percent of the total. Cochran, however, prevailed after 40,000 Democrats voted in the GOP run-off, giving Cochran a win by just over 6,000 votes.

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The Senate voted 67-31 to end debate on a reform bill to modify the Dodd Frank banking bill.  While overall the approach is needed and will likely find White House support, the Senate Bill -as constructed- doesn’t do enough to modify the control held by massive multinational financial institutions, who hold lobbying power over congress.  Unfortunately, the corruptocrat leadership in the Senate will not allow the house to modify the bill as needed.

The current reform bill sets the tiered definition for lowered regulation at $250 billion in assets and there are some domestic banking beneficiaries.  However, it doesn’t break up the investment division from influence over the commercial banking.  The argument against breaking up the system is that if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

The Trump/Mnuchin approach toward a secondary deregulated but financially sound banking system focused on commercial lending and was constructed around Community Banks and Credit Unions with far less regulatory and compliance hurdles.

WASHINGTON – All Republicans and more than a dozen Democrats voted to move the bill toward a vote on final passage, which is scheduled for Wednesday evening.

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White House Legislative Affairs Director Marc Short appears on Fox News to discuss the Steel and Aluminum tariffs being implemented by President Trump to protect the U.S. steel and aluminum manufacturing industry.

The Wall Street antagonists together with politicians purchased by the U.S. Chamber of Commerce and K-Street lobbyists (working on behalf of Wall Street),  have vowed to fight President Trump’s trade initiatives.   The steel and aluminum tariffs are the first in a series of trade actions by President Trump that he outlined during his candidacy.

Wall Street politicians (globalists) are now engaged in a fight against Main Street economic and trade policy (nationalists). There are trillions at stake. The anger against the President over the steel/aluminum tariffs is nothing in comparison to what lies ahead; with a likely NAFTA withdrawal and other MAGAnomic trade initiatives looming on the horizon.

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A very confident Treasury Secretary Steven Mnuchin appears on CNBC for a wide-ranging interview on current economic subjects. Within the discussion [14:00] Secretary Mnuchin affirms the U.S. economy is nowhere near “full employment”; an economic reality which highlights how much labor statistics were manipulated by political ideologues the prior administration(s).

Additionally, Secretary Mnuchin discusses the administrations’ focus on ‘reciprocal trade deals’ as the cornerstone of new trade constructs. This is a seismic shift in U.S. trade position. The secretary replaces the word “globalism” with a more nuanced “world-wide”; and “economic patriotism/nationalism” is replace with the word “territorial”.

Also worth noting is the larger dynamic of “intellectual property” (vis-a-vis China) and how the inherent Trump policies therein overlay trade positions between the U.S. and China. As we have previously mentioned the USTR Lighthizer 301 investigation into China could be exponentially more significant than Steel and Aluminum tariffs. Secretary Mnuchin confirms this aspect albeit with a measure of necessary opaqueness.

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Commerce Secretary Wilbur Ross appears for an interview with Trish Regan immediately after President Trump signed the Presidential Proclamation to advance Steel and Aluminum tariffs to protect and expand American industry. [DEEP DIVE]

Ms. Regan is one of the financial business analysts who have slowly evolved away from the insufferable Wall Street/U.S. Chamber of Commerce ‘globalist’ viewpoints, which was/is entirely built upon a false premise.  Thankfully Ms. Regan joins the ranks of economic patriots Charles Payne and Lou Dobbs.  We’ll keep working on Maria Bartiromo.

In this interview Secretary Ross elevates the discussion beyond just Steel and Aluminum and begins to expand -and emphasize- the perimeter of an entirely new American approach toward trade, “reciprocity“.  Indeed for the very first time in this interview Secretary Ross gives a preview into what will follow and how ‘reciprocity’ will be applied.

“President Trump is taking action today to protect both our national security and industries critical to our economy. The President’s decision regarding the steel and aluminum Section 232 reports are the result of a long and well-thought-out process led by the Commerce Department. Once again, President Trump is keeping his promises and standing up for American families, American businesses, and American workers.”  ~ Commerce Secretary Wilbur Ross

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President Trump will sign a trade-section 232 proclamation today to elevate Steel and Aluminum manufacturing to be of national security status.  The overall trade initiative which stems from the 232 proclamation will be a 25% trade tariff on imported steel and a 10% trade tariff on imported aluminum.  POTUS Trump will control exemptions.

The trade announcement is anticipated at 3:30pm in the White House today.

UPDATE: Video Added

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I have never witnessed an economic policy initiative positioned, framed and delivered with this much success.  A few points must be noted for emphasis.

♦ First, at 3:30pm today President Trump will announce the final end-policy on his Steel and Aluminum tariffs.  It is going to happen; and the final outline will be extraordinarily effective – in part because the opposition to the policy walked directly into the hands of a deal-maker who knows how to position the opponent’s demands to increase his own strength.

After President Trump’s lead trade policy advocate, Peter Navarro, stated yesterday the steel and aluminum tariff announcement would be coming today, the opposition immediately increased their calls for modifications.

While the White House trade lawyers were working through the day and night constructing the legalese, Fox News Ed Henry stated late last night there might be a delay….

But the media again displayed how they don’t understand this President.

When Trump establishes a goal that is a top priority for his personal MAGAnomic agenda – he will not accept roadblocks.  As such, today the announcement is proceeding according to the timeline set by Trump, no-one else.

This trade specific issue, and many more soon to follow, are important to this president.  This is President Trump’s subject area of specific expertise.  These trade policies are the issues he has been discussing for over thirty years.

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Maria Bartiromo interviews Treasury Secretary Mnuchin to discuss Gary Cohn’s departure from President Trump’s National Economic Council (NEC).  {Deep Dive Here}  Secretary Mnuchin talks about the larger MAGAnomic objectives, and the transition of the administration into ‘policy phase-2’ with all attention now focused on Main Street.

Great Interview:

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♦Economic Patriotism – ‘America First’:
√ Unleash energy development. Drive down energy costs. Lower cost-of-living.
√ Eliminate regulatory stranglehold. Unleash free market entrepreneurial expansion.
√ Lower corporate tax burden. Position business investment ‘best bet’ domestically.
√ Generate investment expansion. Create: jobs, jobs, jobs.
√ Generate higher labor demand. Jobs, Jobs, Jobs = Higher wages, wages, wages.
√ Lower middle-class tax burden. Combine higher wages with lower taxes. 2x benefits.
==> WE ARE HERE <==
• Structure trade deals to benefit workers/companies inside the U.S.
• Leverage access to U.S. market as incitement for domestic investment.
• Economic Growth + Domestic Manufacturing Expansion =  GDP increases.
• Increased overall tax revenues from expanding economy stabilizes debt and entitlements.

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Federal judge Roger W Titus (Maryland) has ruled that President Trump acted appropriately and within his authority by announcing his intent to rescind the Obama-era executive order surrounding Deferred Action for Childhood Arrivals (DACA). However, the Judge Titus order does not stop the previous blocks by activist judges currently working through the courts.

Eventually the state challenges to the recension of DACA will work through the appellate courts and arrive at the Supreme Court. It is likely SCOTUS will take the same position on DACA as they did on DAPA; overrule the state challenges and determine the program unconstitutional.

In the interim, President Trump had requested that congress take up the DACA issue as part of their responsibility to put forth an immigration reform bill. Democrats have abandoned legislative efforts to assist those impacted by DACA, and have instead chosen to make DACA a political issue for the 2018 mid-term election.

MARYLAND – […] Judge Roger W. Titus, a Bush appointee, ruled late Monday President Trump acted within his authority in his plan to rescind an executive order former President Barack Obama announced in 2012 as a way to protect illegal immigrants who were brought to the United States as minors. Trump ended the order over a period of six months until Congress could legislatively solve the problem.

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It was the Mississippi primary race between 40-year-term Senator Thad Cochran and Chris McDaniel in 2014 that revealed just how far the GOPe would go to keep a grip on their power.  The establishment and Mitch McConnell were willing to do anything to protect Thad Cochran despite his infirmity and near certain senility.

Senator Cochran was barely awake for the past few years.  Today his staff announce his retirement effective April 1st:

WASHINGTON, D.C. – U.S. Senator Thad Cochran (R-Miss.), chairman of the Senate Committee on Appropriations, today announced his intention to resign from the U.S. Senate effective April 1, 2018.

“I regret my health has become an ongoing challenge. I intend to fulfill my responsibilities and commitments to the people of Mississippi and the Senate through the completion of the 2018 appropriations cycle, after which I will formally retire from the U.S. Senate.

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