National Economic Council Director Larry Kudlow appears on Fox Business to discuss the excellent January jobs report. Job gains and wage increases are all going in the right direction…. And Stuart Varney immediately asks: “do we need more immigration”?
As we start to head deeper into the 2020 presidential election year, there is some very good news for President Trump about how Americans rate their satisfaction; and some very bad news for Democrats who are trying to impeach this success.
According to the latest data from Gallup: “Americans’ average satisfaction rating for the 27 issues Gallup has tracked consistently since 2001 is now 47%. This is up three points from a year ago and is the highest since the January 2005 poll.”
In the measures of satisfaction covering the first three years of President Trump in office there are some remarkable increases in key measures:
As President Trump prepares to deliver his State of the Union speech to congress, these results will likely provide some measurable data for him to highlight. Satisfaction with the U.S. economy has jumped a whopping 22 percent since President Trump took office.
As noted above, the economy, national security, military and state of race relations all provide double-digit increases in American satisfaction during President Trump’s first three years in office. (more…)
Earlier today President Trump traveled to Dana Incorporated, a manufacturing facility for axel housings and machined products in Warren, Michigan, to celebrate the signing of the USMCA trade agreement with American workers. [Video and Transcript Below]
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[Transcript] – THE PRESIDENT: Okay, let’s get back to work. Come on. (Applause.) I love that song, but every once in a while, we have to get back to work. (Laughter.)
So I am very honored to be at Dana Incorporated, a tremendous company, a plant in Warren, Michigan. We’re very proud of Michigan. (Applause.) Dana has been around — I also like it because we happened to win here, so I was very happy with that. (Applause.) Very happy with that.
The Bureau of Economic Analysis released their first estimate of Q4 GDP growth today. The BEA first estimate is 2.1 percent growth for the fourth quarter and 2.3 percent growth for the year. [Data Here] The U.S. economy is now approximately $21.7 trillion.
Commerce Secretary Wilbur Ross appeared on Fox Business with Maria Bartiromo to discuss the ‘big picture’ outlook for the U.S. economy. Strong employment, strong wage growth, strong consumer spending, and now the USMCA passage delivering the backdrop for domestic capital investment. Good interview:
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The headwinds by Boeing and the GM strike had some negative impact. However, 2019 was dominated by Wall Street multinational investors taking the ‘wait-n-see’ position on the China/Asia -vs- USMCA trade dynamic (manufacturing investment) overall.
The USMCA passage gives certainty to North American manufacturing investment. The China ‘phase-one’ agreement allows time for re-positioning, and/or time to extract profits from prior investment. A corporate decision to manufacture in China is now based on an entirely different set of considerations than 24 months ago…. ‘phase-one’ buys time but doesn’t reduce the long-term risk. North America is now the place for investment stability. (more…)
Earlier today President Trump signed the historic USMCA trade agreement, making good on his 2016 campaign promise to replace the NAFTA trade agreement with a more balanced and reciprocal trade deal for the American people. USMCA replaces the NAFTA agreement that resulted in the loss of millions of American jobs impacting hundreds of manufacturing communities across our county.
Amid the key changes is a closing of a loophole allowing Mexico and Canada to assemble components imported from Asia. The new agreement bolsters American workers and American manufacturers with content rules requiring origination of material in North America. [Video and Transcript Below]
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[Transcript] – THE PRESIDENT: Well, thank you very much. That’s beautiful music. Such talented musicians, and we appreciate it very much.
We have a tremendous — (applause) — we have a tremendous list of people here today. In fact, so long that if I announced every name, we’d be here for about three hours. (Laughter.) And we have to get back to business. Everybody does.
Please sit down. Please. (more…)
Reuters is well known for promoting a globalist, open border, multicultural agenda. So it doesn’t come as a surprise to see Reuters targeting Mexican President Andres Manuel Lopez-Obrador (AMLO) for blocking central-American migrants; and rebuking AMLO for working with President Donald Trump to stop mass illegal migration.
It is too early to tell whether Mexico is genuine in their commitment to stop the highly organized and funded traveling caravans, which often contain thousands of marching border-crossers; however, the economic leverage, tariffs President Trump threatened for non compliance during 2019, was not simply an idle threat. It appears AMLO has realized that President Trump doesn’t bluff.
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador faces growing criticism he is doing U.S. President Donald Trump’s bidding after erecting a “wall” of security forces who clashed with Central American migrants near the Guatemala border this week.
Mexico, under the threat of punitive U.S. tariffs, has bowed to Trump’s demands to contain mass movements of migrants traveling through the country toward the U.S. border.
Commerce Secretary Wilbur Ross, at the World Economic Forum in Davos, says the USMCA positions the U.S. to begin focusing on a new trade agreement with Europe and others. Secretary Ross notes the administration initiates the EU from a position that talks will be successful. It is only if talks are not successful that Europe has to worry about tariffs. Too funny:
…”Frankly, I’ve seen a little bit of a sense of panic among some of the Europeans, because they know that with us solidifying both the USMCA and China ‘phase-one’ we’re in much stronger negotiating position than we’ve ever been”…
President Trump traveled overnight to Davos-Klosters, Switzerland, to attend the World Economic Forum. [Livestream Links and Daily Schedule Below] I found it very interesting that Secretary of State Mike Pompeo was not on the Dec. delegation list.
The U.S. Delegation includes: Treasury Secretary, Steven Mnuchin; Commerce Secretary, Wilbur Ross; Labor Secretary, Eugene Scalia; Transportation Secretary, Elaine Chao; U.S. Trade Representative, Robert Lighthizer; Under Secretary for Growth, Energy and Environment (DoS), Keith Krach; Asst to the President, Ivanka Trump; Asst. to the President, Jared Kushner; and Asst. to the President / Deputy for Policy Coordination, Christopher Liddell.
The 2020 Davos economic conference will be a little more important to watch this year (as it was in 2017) due to the completed U.S. Trade Agreements (S Korea, Japan, Mexico, Canada, and China) and the predicted focus for the Trump administration to pivot from Asia to the EU and U.K. for the next critical phase of the ‘America-First’ global trade reset.
There will likely be a great deal of attention upon the opening remarks by President Trump scheduled to be delivered at 5:30am ET / 11:30am Switzerland. UPDATE: Video Added
MAGAnomics – National Association of Manufacturers (NAM) President and CEO Jay Timmons describes how President Donald Trump has “delivered” for manufacturers, noting that “promises are being kept” on tax reform, regulation, and trade.
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The passage of USMCA in combination with incentives for domestic manufacturing investment in the U.S.; and overlayed with the framework of the China ‘phase-one’ agreement, has set the foundation for a competitive North American manufacturing alternative to southeast Asia. The capital investment will follow. America First! (more…)
Commerce Secretary Wilbur Ross, the coolest cat in the crew, appeared tonight for a discussion on economics and trade with Lou Dobbs. Secretary Ross discusses the current status of the economy and how the two trade agreements have established the foundation for a completely restructured U.S. trade relationship for years to come.
Wilburine notes the Europeans are nervous thinking about the wolverine teeth that will soon be heading in their direction. Good Stuff. WATCH:
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What makes the Trump economic team so effective is their independence from any influence outside of the America-First agenda. President Trump, Secretary Wilbur Ross, and Secretary Steven Mnuchin were already independent billionaires -with wealth gained from private industry- before they entered office. There is no financial influence upon them except to see Main Street USA thrive…. (more…)
