Reuters is reporting on a stunning financial prediction coming from the Federal Reserve in Atlanta.  Their 2nd Quarter prediction falls in line with many of the “new dimension” economic predictions we have been anticipating.

The Atlanta Fed is predicting 4.3% growth:

NEW YORK (Reuters) – The U.S. economy is on track to grow at a 4.3 percent annualized pace in the second quarter, rebounding from a 0.7 percent increase in the first quarter which was the weakest in three years, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.

This is much faster than the latest second-quarter gross domestic product estimate of 2.33 percent from the New York Federal Reserve.  (read more)

There is a disconnect in traditional economic quantification that we have been predicting for well over a year.  It’s the same disconnect currently reflected in the jobs numbers between payrolls and the Fed explained here.  We also outlined additional data two months ago which the federal economists admit they cannot reconcile – Expanded HERE.

For 30+ years U.S. economic political policy has been driven by Wall Street interests. STOP. Main Street, the middle-class and the American worker have suffered. STOP. The successful election of Donald Trump, and the execution of his “main street” economic policy agenda, has sledgehammered the prior economic machine into a full seizure an halt. FULL STOP.

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U.S. Treasury Secretary Steven Mnuchin discusses the White House’s recently unveiled tax plan in a wide-ranging interview with CNBC’s David Faber.

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If you didn’t read the Part-V explainer of how we got to this point in congressional history stop and go read it.  This stuff is all connected and cannot be absorbed without a thorough understanding of motives behind the advancing agenda-writers.

Make Sure You Watch The Embed Video (below) from Wilbur Ross.

The interim Continuing Resolution (CR) is fraught with demands of the “Big Club”.  That is: Wall Street, their lobbyists, and those who have created the UniParty for over three decades.   The “Big Club” is fighting back against the insurgent presidency of Donald Trump and is using the Republican wing of the UniParty to do it.

It is Republicans, not just Democrats, in congress who are putting the most toxic spending priorities within the $1+ trillion spending bill and forcing a spending bill onto President Trump’s desk which factilitates the needs of the lobbying class and undermines parts of the structural agenda of President Trump.

The outrage should be rightly focused on the UniParty in congress, and more specifically the Republicans therein, not President Trump.

What would the ankle-biters and antagonists (gnats) have President Trump do?  Veto a bill constructed by bipartisan legislation in congress?   Shut down government?  That’s exactly the dynamic the “Big Club” has set up through their paid opposition represented by Paul Ryan and Mitch McConnell.

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President Trump’s economic and foreign policy agenda is jaw-dropping in scale, scope and consequence.  There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time even before the election victory in November ’16.

If you get too far into the weeds the larger picture can be lost.  CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

Today is a big news day where action on multiple policy fronts becomes visible.  Here’s an interview with Treasury Secretary Steven Mnuchin which notes some of the critical financial angles to economic policy.

An important reference here is the earlier understanding of how then ‘candidate Trump’ personally put a platform plank of a Modern 21st Century Glass-Stegall banking reform into his economic policy agenda, and why it is important.

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Here’s the dive:

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Congressional negotiators have reached an agreement on a gap budget to operate the federal government through September 30th, the end of fiscal year 2017.

According to some summary information the bridge spending bill is $1.070 trillion for the remaining five months of fiscal year 2017.

The budget allows for $1.5 billion for border security, but does not direct funds specifically for the U.S. Mexico border wall.  Additionally the budget provides $15 billion for military spending.  The National Institutes of Health will gain $2 billion toward medical research and community development grants, and extends health insurance benefits for coal miners.

The catchall spending bill was required because there is no annual budget in place and congress has not operated with a federal budget since fiscal year 2008.  President Trump has proposed a fiscal year 2018 budget and congress will be debating that spending proposal over the summer.  Fiscal Year 2018 begins October 1st.

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Vice President Mike Pence appears on Beat The Press with Chuck Toad to discuss current events and the administration’s first 100 days.

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Earlier today Vice President Mike Pence participated in the final presidential commission ceremony for a cabinet member of the President Trump cabinet, Labor Secretary Alex Acosta.

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The Senate finally voted 60-38 yesterday to confirm Alex Acosta to the post. Acosta accepts the presidential commission and becomes the 27th labor secretary. The son of Cuban immigrants will lead a sprawling agency that enforces more than 180 federal laws covering about 10 million employers and 125 million workers.

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In Part I we explained why President Trump has not received any legislation:

To Wit: President Donald Trump winning the election threw a monkey wrench into the entire DC system…. The modern legislative machine is frozen in place.

The “America First” policies represented by candidate Donald Trump are not within the legislative constructs coming from the authors of the legislation.   Congress has no bills to advance because all of the myriad of bills and briefs written are not in line with President Trump policy.

That’s why congress has not passed any legislation for President Trump to sign.

There’s no entity within DC writing legislation that is in-line with President Trump’s economic and foreign policy agenda.  Exactly the opposite is true.  All of the DC pipeline legislative briefs and constructs are antithetical to Trump policy.

There are almost zero organizational entities within K-Street presenting any legislative constructs or legislative briefs intended to advance any of Trump’s policy objectives.

Think about how much money is behind the legislative business when those who control the legislation are willing to spend $3.1 BILLION in a single year to achieve their needs.

♦The “Associated American Southern Border Wall and Security Builders” – special interest and lobbying group – simply doesn’t exist. Nor are there any entities creating legal briefs (bills) to facilitate the southern border wall construction.

♦There is no “Associated Illegal Immigrant and Deportation Enforcement” group lobbying for the removal of undocumented illegal aliens; or writing legislation to fast-track deportation of illegal aliens.

♦There’s also no official corporate political action committee or group office on K-Street creating legislation to repeal ObamaCare, or lobby for the removal of government interventionism into the healthcare system.  etc.

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There has been some confusion, mostly spurred by media falsehoods, about whether or not Secretary Ross had submitted the ‘notification of intent’ letter to congress to begin the clock to renegotiating NAFTA.

Early in this video, yet again, Secretary Ross clearly states he is waiting on congress to accept the letter; ie. it was sent mid-March.

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Republicans control the Senate. Republicans, not democrats in the Senate, do not want the Trump administration to renegotiate NAFTA. This is one of the clearest examples of the UniParty at work and the anti-American principles behind the U.S. Chamber of Commerce corporate lobbyists – lobbying directly against the Trump administration.  “The Big Club”.

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There are many new commentators at CTH, and even more new people taking notice of politics for perhaps the first time in their lives.   There is also some confusion noticed between two distinct groups who appear to be talking above and around each other.  Two groups trying to communicate from two entirely divergent sets of understanding.

Perhaps it is valuable to reset the larger frames of reference and provide clarity.

Many, heck, most people think when they vote for a federal politician -a representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past.

There is not a single congress person who writes legislation or laws.

In 2017 not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct.  This simply doesn’t happen.

Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body.  Here’s how it works.

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