In 2017, President Trump signed the Tax Cuts and Jobs Act, which established ‘Opportunity Zones’ to incentivize long-term investments in low-income communities across the country. Today President Trump attended a conference to support the Opportunity Zone initiative. The conference aims to coordinate economic and social resources to stimulate growth in those areas.
President Trump and FCC Chairman Ajit Pai are delivering remarks today on the U.S. 5G wireless network deployment. Chairman Pai is expected to announce additional funding for rural broadband internet access.
In February, Trump called on U.S. telecommunications companies to boost their work to build faster 5G wireless communications networks, saying they were lagging and at risk of being left behind other countries’ efforts. Anticipated start time 2:30pm EST UPDATE: Video Added
This is a rather remarkable statistic [Technical Data Here] Weekly unemployment claims dropped to 202,000 for the week ending March 30th. That’s the lowest level of jobless claims since December 1959. More people are working today than ever in U.S. history. [The DOL jobless claims statistic is not connected to the unemployment rate; the BLS unemployment report for March will be announced tomorrow morning.]
(Via CNBC) The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth.
Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said on Thursday.
You might remember back in May 2018 when sketchy porn lawyer Michael Avenetti was releasing U.S. Treasury notifications on Michael Cohen received from an unknown source within the Treasury Department [See Here]. You might also remember when New Yorker’s Ronan Farrow wrote a sympathetic article after talking to the leaking treasury official [See Here].
As a result the Treasury Inspector General began an investigation.
John C. Fry, 54, was an intelligence analyst with the IRS’s law enforcement arm in San Francisco.
According to the North California U.S. Attorney’s Office (full pdf below) after searching for IRS activity reports related to Michael Cohen, Mr. Fry shared the information with creepy porn lawyer Michael Avenatti and was also a source for Ronan Farrow.
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CTH NOTES – There’s more here than currently surfacing…. I’m not sure what it is, but if you review the left-wing granular reporting carefully, (CNN HERE), there’s a bigger story hiding under the umbrella of this one.
The IRS has an Obama-era history of being weaponized by political activists inside the organization in concert with the Eric Holder’s DOJ. The location of this story; plus a reminder that Eric Holder was hired by the State of California as their legal counsel; plus the participant Mr. Fry failing to accept a plea deal; equals: there’s someone/something larger attached to this story. It just doesn’t past the initial review ‘sniff test’. (more…)
The Chairman of the White House CEA Kevin Hassett appears on CNBC to discuss the strong January jobs report and economic indicators that were released last week.
Hassett is valuable, very valuable, because he is one of the few bean-counters who reviews current analysis through the prism of what is factually happening around him; as opposed to economic theory. Because he accepts what I call ‘fluid-currentism‘ Hassett is one of the few analysts who (early on) started recognizing that under MAGAnomics (Main Street centric policy) inflation was no longer connected to the FED engagement.
To say acceptance of this ‘new dimension‘ puts Hassett on the cusp of leading economic review would be an understatement. Additionally, it makes his commentary exceptionally more valuable [listen to the segment at 02:50]. Hassett is pragmatic, positive, open to accepting all fact-based evidence, on point, and more importantly, accurate.
…”The booming economy is giving us the social justice that people want”… ~ Kevin Hassett
Unfortunately, most financial pundits are prone to talking down the strength of the U.S. economy. It’s maddening. They spend all day mining for coal nuggets while currently surrounded by diamonds. (more…)
The heartbeat of MAGAnomics is Main Street USA. Keeping in mind we have suffered through three decades of economic and financial policy that was specifically structured to the benefit of Wall Street (globalists) over Main Street (nationalism); back in 2015 and 2016 when Candidate Trump started to put specifics on his economic proposals we were able to map out some likely possibilities.
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All significant economic changes take years to fully mature. However, because it was easy to identify where nationalist economic policy would run into conflict with the prior globalist data-trends, we were able to predict a series of economic disconnects.
The primary disconnect is where Main Street inflation, wage growth and GDP growth, would be disconnected from the Federal reserve monetary policy. Any Fed action would impact Wall Street results (sad trombone); but the disconnect that was caused by 30-years of diminished Main Street value (U.S. investment went overseas), and would mean MAGAnomic policy would grow the internal U.S. economy regardless of the Fed action. (more…)
Senator Lindsey Graham appears on Derp TV to discuss the latest in the government shutdown and his request for President Trump to declare a state-of-emergency to build the southern border wall. Senator Graham notes he spoke to President Trump approximately 30 minutes prior to this interview:
Last Wednesday night the arrest of a key political organizer of the Yellow Vest protests, a 33-year-old truck driver named Eric Drouet, spurred the movement to claim French President Macron was now arresting his political opponents. The arrest of Drouet has led to an increase in retaliation by the group against the French government. [Video from today]
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Yellow Vest demonstrators are now allied with various groups from across the political spectrum; most peaceful, but some, notsomuch. This led to French government ministry official Benjamin Griveaux warning Emmanuel Macron yesterday that a “full blown revolution” was possible.
The evidence to support Minister Briveaux’s dire warning did not take long to surface as a team of masked intruders used a forklift and broke into the French ministry causing police and special forces to evacuate him to safety. (more…)
Remember when we warned [November 8th, 2018] that a convergence of left-wing groups, activists, DNC donors and specifically the Lawfare team, would align with (and meet) incoming Democrat leadership to construct a road-map for the “resistance” priorities?
Well, exactly that planned and coordinated outcome is visible as incoming Speaker of the House Nancy Pelosi presents her new rules for the 116th congress.
[IMPORTANT: Keep in mind that Speaker Pelosi has selected former insider DOJ official Douglas Letterto be the Chief Legal Counsel for the House. That becomes important when we get to the part about new powers granted to the House Counsel.]
The Pelosi House rules clearly present the outline for an impeachment calendar as directed by changes to the oversight committees. Additionally, there is a myriad of new processes which appear to have been developed through the Lawfare alliance. Here’s some of the overview (full pdf below): (more…)
Council of Economic Advisers Chairman Kevin Hassett appears on Fox Business news to discuss the impact of the Federal Reserve’s interest rate hikes on the Main Street economy and the state of the Wall Street stocks.
The key metric is to accept what’s happening around us. Fed rate hikes are hurting Wall Street (investment class). However, Fed activity is not yet impacting Main Street. This is because the two economic engines (Wall St. -vs- Main St.) are so far apart.
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Part Two of this interview (and expanded review) is below: (more…)