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MAGAnomics – An Incredible Team, Delivering Astonishing Results….

CTH writes a great deal about President Trump’s economic policies, and how those policies are reversing the decades-long erosion of the middle-class.  Factually, substantively and empirically the workers of America are gaining ground. Bigger and better than before, and far beyond what anyone else could have delivered.

This is not a theoretical exercise.  The execution of a broad-based economic and global trade reset is underway. Today’s economic results, the growing strength of our U.S. economy, is a testament to the success of MAGAnomic policy being delivered. These results, when fully realized, will secure our economic future and last for generations.
All of that said, there is something we don’t emphasize enough: The team of Secretary Mnuchin, Secretary Ross, USTR Lighthizer, Trade and Manufacturing advisor Navarro and NEC Director Larry Kudlow, face a scale of opposition almost unfathomable in modern political terms.  There are trillions at stake; hundreds of the most powerful financial interests in the world are against them; and yet this team is succeeding.
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Representative Joaquin Castro "Redflags" Trump Supporters for Immediate Targeting….

Democrat Congressman Joaquin Castro, represents a district that encompasses San Antonio, Texas.
Using his twitter account today, Representative Castro posted a list of local donors to the Donald Trump campaign directing his followers to target those ordinary citizens.  [Tweet here]
Pay close attention to this current method of political targeting; and overlay the law of unintended consequences to the current gun control discussion surrounding “redflag” laws.
Ultimately what far-left Joaquin Castro is doing is exactly what will happen when arbitrary rules of defining people for targeting are pushed into law.  History is full of examples where this exact process was used.  None of those examples ended well for those who were defined.
Posting a list on the public square; of ordinary citizens who just hold a different political outlook; and targeting them for confrontation, is just fueling ANTIFA toward violence against those on the list.   This is what cultural progressives mean when they say: “by any means necessary.”
Joaquin Castro’s twin brother, Julian Castro, is one of the Democrat candidates for president, and was previously President Obama’s HUD secretary.  Together Joaquin and Julian personify an ideology that supports political targeting, by any means necessary – including violence, of their political opposition.
Political targeting is exactly what President Obama and Attorney General Eric Holder were doing when the DOJ requested the donor contribution lists, “schedule B’s”, from the IRS (Lois Lerner) so they could generate their ‘secret research project‘ targeting list.  These actions are directly, openly, publicly and specifically, the weaponization of government.
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Former FBI Agent Peter Strzok Files Lawsuit Against DOJ and FBI…

Former FBI Agent Peter Strzok has filed a lawsuit in DC federal court seeking reinstatement and back pay as a result of his firing in 2018.
According to the lawsuit (full pdf below) Strzok is claiming his first amendment right to free speech was violated and his fifth amendment right to due process was violated.
Upon initial review, this lawsuit looks like a stunt; motive undetermined, but perhaps related to the pending release of the IG report on FISA abuse where Strzok was a key participant.
A federal civil lawsuit using the DC circuit and the U.S. Constitution as a primary protective assertion does not follow the path of a serious claim for wrongful firing or termination of employment.
Traditionally, and with a genuine claim, wrongful termination actions would go through a formal complaint and review process within the U.S. Department of Labor.  Hiring a lawyer and filing a federal civil lawsuit claiming disingenuous constitutional rights violations reeks of an ulterior motive for publicity; ie. purposeful political value in alignment with Strzock’s allies in Lawfare.   This is a political stunt… 100%
Peter Strzoks lawyers are: Aitan D. Goelman, from Zuckerman Spaeder LLP;  Richard A. Salzman and Julia T. Quinn from Heller, Huron, Chertkof & Salzman PLLC.
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NEC Director Larry Kudlow Discusses Market Reaction to U.S-China Trade Decoupling….

National Economic Council Chairman Larry Kudlow, appears on CNBC to discuss the U.S-China trade conflict that led to yesterday’s stock market drop. Additionally, Kudlow notes the strong key performance indicators that highlight the strength of the U.S. Main Street economy.


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Larry Kudlow also held a press conference.
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August 6th – 2019 Presidential Politics – Trump Administration Day #929

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

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This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

Tuesday August 6th – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. For Thine is the kingdom and the power and the glory, forever and ever. Amen †

White House Trade Advisor Peter Navarro Discusses Status of U.S-China Conflict…

White House trade and manufacturing policy advisor Peter Navarro, appears with Lou Dobbs to discuss the current status of the U.S.-China trade conflict.
Within the interview Navarro discusses the impact of China devaluing their currency as a strategy to avoid U.S. tariffs on Chinese imports.  WATCH:


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Beijing Launches DPRK Rockets Over Escalating Trade Tension – Trump Launches Treasury Missile Designating China a Currency Manipulator…


Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation.

WASHINGTON – For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said.
The two projectiles, fired on Tuesday morning local time, were assessed to be similar to the short-range ballistic missiles tested by North Korea last week, the official said. (read more)

Moments later President Trump and Treasury Secretary Steven Mnuchin fired a counter-missile directly into the heart of Beijing’s trade currency manipulation:
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China Allows Currency to Drop – President Trump Responds – Devaluation Lowers Consumer Import Prices…

China needs to buy dollars to backstop their own currency (¥uan). When China trades with the U.S. they hold the return dollars as a peg against their weak currency.  Remove the flow of dollars (lessen exports) and they start to run out of strong pegged currency.
What is happening today is not as much direct devaluation by China; rather they are intentionally allowing their currency to drop in value, in an effort to lower export prices and off-set any tariffs from the U.S.   Simultaneously, Beijing is spending internally, burning cash, to keep their economy from weakening.  Their Yuan burn rate is greater than the influx of higher valued dollars needed to hold their position.
They cannot keep this position indefinitely.
First, here’s a solid interview with former CEO Gerald Storch on how the currency devaluation leads to lower prices for U.S. consumers.  Again, emphasizing the point that U.S. consumers are not paying for the tariffs against China.  Watch:


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President Trump Delivers Remarks on Shootings in El Paso and Dayton – (Video and Transcript)…

Earlier today President Donald Trump delivered remarks from the White House about the shooting incidents in El Paso, TX, and Dayton, OH.  [Video and Transcript]


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[Transcript]  – THE PRESIDENT: Good morning. My fellow Americans, this morning, our nation is overcome with shock, horror, and sorrow. This weekend, more than 80 people were killed or wounded in two evil attacks.
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