NAFTA renegotiation round six ended yesterday in Canada will no substantive progress on the most contentious trade issues.  One negotiation chapter on corruption was closed, but there was little to no agreement on much else.
Each of the primary Trade Representatives gave a closing statement at the conclusion of Round #6.  U.S.T.R. Lighthizer blasted Canada for attempting to inject schemes, fraud and deceptive dealing within the negotiations. Princess Rainbow Sparkles from Canada tried to pretend the Canadian proposal was realistic.  It was all awkward.  Hopefully President Trump will soon get us out of this nonsense. Lighthizer Transcript below video:

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Ambassador Lighthizer: It is a pleasure to be here in Quebec. Montreal is one of the great cities of the world, and I have not been back in many years, and I’ve missed it. I used to come here in the 70s and 80s with my wife and children to go to Mont-Tremblant and learn how to ski. We loved the French culture, we loved the excellent food, the wonderful skiing and as I recall, it was cold all the time. That hasn’t changed at least.
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In September of 2015 we shared one of the overarching reasons why CTH would support Donald Trump for President. – SEE HERE –  This week, the sentiment behind that reasoning showed up in Davos, Switzerland for the World Economic Forum; we could not be more proud.
Commerce Secretary Wilbur Ross (Wednesday), Treasury Secretary Steven Mnuchin (Thursday) and U.S. President Donald Trump (Friday), collectively outlined how our new U.S. trade and economic policy would engage with the world.
Many media voices (narrative engineers) will, and have, continue to obfuscate, spin, and make predictive declarations about U.S. economic policies based on their ideological views of what President Trump could do, should do, or will do.  They will try to convince the  American electorate of POTUS Trump’s forward plans.  Most of what they declare is false.
In case you missed it, and if you want to know what the accurate compass heading is, skip the media and allow yourselves to rely on the direct message as delivered. You’ll avoid a great deal of heartburn.
The MAGA economic policy explanation begins with trade, Wilbur Ross:

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The MAGA economic policy explanation is enhanced by finance, Steven Mnuchin:
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Today President Trump is scheduled to visit Allegheny County near Pittsburgh where he will deliver a speech on the economic agenda to an audience of H&K Equipment Company.  Additionally, and he is there to support the Republican candidate, Rick Saccone, campaigning for a vacant House seat.
UPDATE: Video Added

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Interim Director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, announces the entire operational architecture of the liberal protection racket is being reviewed.
As many reports have indicated, the CFPB was structured to be an unaccountable branch of the government dedicated to controlling the financial industry, and by extension the U.S. economy, by blackmailing companies to pay for protection against the targeting by their overarching punitive power.

If companies providing any financial services (ie. consumer loans, banking interests or consumer finance) wanted to operate in the U.S. they would be well advised (forced) to pay indulgences toward progressive politicians and organizations.  Failure to do so could mean they would be subject to CFPB fines, legal challenges and devastating court costs to defend their interests. This was the larger goal of the Elizabeth Warren enterprise.

NEW YORK (AP) — The Trump-appointed acting director of the Consumer Financial Protection Bureau said Wednesday that he is launching a review of all the federal consumer watchdog agency’s policies and priorities.

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The recently passed Tax Bill continues to enhance the MAGAnomic policy of the Trump administration, leading to more great economic and jobs news amid the headlines.
Do the math.  The three single-day announcements below will add more than 6,500 new jobs, average around $50,000 per job, and contribute tens-of-billions to a revitalized new America-First economy.  This is MAGAnomics in action.  This is a direct result of economic policies initiated by President Trump.  This is part of the reason why the U.S. GDP will easily exceed 4% growth in the next three years of Trump’s first term.

Economic Nationalism – America’s largest private employer, Walmart, has announced their plan to increase their minimum wage to $11/hr and give out bonuses between $200 to $1,000 to each of their more than one million employees:

CNBC – […] “We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” he added. “However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.”

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According to ADP payroll reports the U.S. economy added a whopping 250,000 jobs in December exceeding the earlier forecast of 190k. The DOW jumps over 25,000.

This jobs report bolsters confidence in the MAGAnomic prediction shared two years ago. So long as current economic trends continue, the explosion in private sector wage rates, middle-class wages, will begin around Q2 of this year (April – June). Once the eight year Obama-labor-lag is fully absorbed, a tighter job market will put upward pressure on real wages.

The Main Street economic engine, the “real economy”, is now positioned to overtake the Wall Street engine, the “paper economy”. Meaning actual profits and losses, real economic GDP growth, will drive company earnings and valuations in 2018.
There is an economic policy synergy now taking place.  The tax package that was passed shows how President Trump’s economic policy drivers (Ross, Cohen, Mnuchin) have structured Main Street businesses to willingly afford the wage rate increases.
The MAGAnomic dynamic is two-fold. The tax rates for the middle-class have dropped; simultaneous to this tax change increasing take home pay, the business sectors will have room to drive actual hourly wage rates higher. Lower rates and higher wages has a compounding impact on the amount of money in workers paychecks/pockets. See how that works?
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Well, that didn’t take long.  About a decade ago we needed a phrase to describe a very specific set of republican senators, thus originated the term “Decepticons”.
Decepticons are different from traditional ‘establishment’ types in that they are a cloistered club, a sub-set of the upper-tier within the GOPe, and they protect their exclusive position because of the payments and benefits they receive from an individual lobbyist, Tom Donohue.

Tom Donohue is the President of the U.S. Chamber of Commerce, the largest single lobbying group in all of Washington DC.   Donohue represents the interests of massive financial institutions and multinational corporations.  Donohue receives hundreds of millions from his corporate conglomerates; and he controls the distribution of tens-of-millions toward individual senators on capitol hill who agree to uphold those interests.
A ‘Decepticon’ will NEVER break ranks with the Chamber. EVER.  Regardless of the Chamber position.  That character trait is what makes them uniquely “Decepticons.”

WASHINGTON DC – Senate Republicans are growing frustrated with what they see as a lack of clear direction in President Trump’s trade agenda, which they warn is hurting U.S. exporters.
Republican members of the Senate Finance Committee vented their concerns in a recent meeting with U.S. Trade Representative Robert Lighthizer.

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The Super-MAGA-Winning continues with more companies joining the Christmas Bonus parade.   Amid the passage of the tax reform package in congress, numerous companies have announced their intention to pass out Christmas bonuses to employees.

Previously:  ♦AT&T announced $1,000 bonuses for 200,000 employees (link); ♦Wells Fargo Bank announced they were raising the minimum wage to $15/hr and planned on donating $400 million to charity (link); ♦Fifth-Third Bankcorp joined in with its own plan for $15 minimum wages and $1,000 bonuses for 1,500 employees (link); and ♦Comcast announced they were giving $1,000 bonuses to more than 100,000 of their employees (link).
Today, the tax benefits continue: ♦Sinclair Broadcasting announced they would pass out $1,000 Christmas bonuses to over 9,000 eligible workers (link).  Not to be left out, ♦Bank of America announced $1,000 bonuses for 145,000 American workers (link); and ♦Billionaire businessman Bob Parsons joins in with $1,000 and $2,000 bonuses to each of his 600+ employees (link).

…”The passage of the tax credit is a catalyst for explosive economic growth. On a massive scale, the lowered federal tax burden on businesses will increase investment, entrepreneurship and corporate philanthropy,” said Parsons. “I’ve always believed in sharing good news and have decided to celebrate the tax plan by giving back to my staff.”…

Our big and very popular Tax Cut and Reform Bill has taken on an unexpected new source of “love” – that is big companies and corporations showering their workers with bonuses. This is a phenomenon that nobody even thought of, and now it is the rage. Merry Christmas!

— Donald J. Trump (@realDonaldTrump) December 22, 2017

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The economic strategy of President Trump is so consequential and encompassing, even the domestic effects are felt globally.

♦Removing the U.S. from the multinational TPP trade deal initially planted the seeds of doubt amid multinational trade forecasters because the shift positioned the U.S. with unique leverage. They saw Trump using access to the worlds largest market as a negotiating strategy.
♦A few months later, President Trump walked away from the ridiculous regulatory restrictions within the Paris Climate Treaty.  Instantaneously this put even more strategic manufacturing and economic advance on the U.S. ledger, and simultaneously made American energy independence a foregone conclusion.
♦And now that congress has codified President Trump’s lower domestic business taxes, in conjunction with opening up ANWR for energy development (a strategic economic goal for 20+ years), the size of the U.S. economic and manufacturing advantage has just increased U.S. trade leverage to almost unimaginable levels.

Economic Nationalism – President Trump’s strategy has created: •Lower and long-term predictable energy costs, not attached to OPEC or multinational influence; •Lower and long-term raw material costs due to slashed regulatory environment; •lower and long-term business manufacturing tax rates; and now Trump begins negotiating trade deals.

Add these advantages together within the largest economic market in the world and the U.S. is now the place where manufacturers will want to do business.  Additionally, the process of utilizing Canada and/or Mexico as a workaround into the U.S. market, via NAFTA, is on the cusp of removal.
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After reporting for weeks on the DNC talking points about how horrible Trump was going to trick them with tax cuts, CBS News engineers lost one of their false narratives today.  Despite their earnest efforts, they were forced to broadcast financial results from three families they used as representative examples of the Trump tax plan.
The weeks-long media spin ran into the wall of reality: (Via CBS) “We asked an accountant to crunch the numbers for three working families to see how much they could be saving. Tony Dokoupil reports.”  WATCH:

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