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President Trump and First Lady Melania Depart For First Official Overseas Trip….

Nothing makes the perpetually depressed liberal gnats more angry than beautiful people enjoying a fun, happy and beautiful life.  So you can just imagine the level of apoplectic rage today brings as President Trump and First Lady Melania, together with Ivanka Trump and Jerrod, depart for their first overseas trip.

Oh, the ‘splodey heads are deliciously epic.

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Rosenstein to Congress on Recommendation to Fire Comey: “I wrote it. I believe it. I stand by it.”…

Deputy Attorney General Rod Rosenstein briefed congress earlier today and firmly stood by the recommendation he wrote that outlined James Comey’s ineptitude and inability to be an effective FBI Director.

Deputy Rosenstein’s recommendation was part of the portfolio President Trump cited in reference to his decision to fire FBI Director Comey.

Here’s the text of the opening statement made to congress earlier today:

Good afternoon. I welcome the opportunity to discuss my role in the removal of FBI Director James Comey, although I know you understand that I will not discuss the special counsel’s ongoing investigation. Most importantly, I want to emphasize my unshakeable commitment to protecting the integrity of every federal criminal investigation. There never has been, and never will be, any political interference in any matter under my supervision in the United States Department of Justice.

Before I discuss the events of the past two weeks, I want to provide some background about my previous relationship with former Director Comey. I have known Jim Comey since approximately 2002. In 2005, when Mr. Comey was Deputy Attorney General, he participated in selecting me to serve as a U.S. Attorney. As a federal prosecutor, he was a role model. His speeches about leadership and public service inspired me.

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May 19th – 2017 Presidential Politics – Trump Administration Day #120

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.

trump-president-3

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

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

Sean Spicer Twitter @PressSec

Friday May 19th – 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 †

Banking Testimony – Treasury Secretary Mnuchin Discusses “Too Big” and 21st Century “Glass Steagall”…

Sip slowly, this explainer was hard to write.   There is a considerable amount of perplexed frustration following on the heels of Treasury Secretary Steven Mnuchin testifying to the Senate Banking Committee earlier today and specifically saying:

02:20 Glass-Steagall? “we do not support a separation of banks from investment banks, we think that would have a very significant problem on the financial markets, on the economy, on liquidity; and we think that there is proper things that potentially we could look at around regulation, but we do not support a separation of banks and investment banks.”

That statement runs counter to the Trump administration’s prior policy statements outlining a preference for a reinstatement of some form of “Glass-Steagall” regulatory separation between commercial banking and investment banking.

In essence when combined with the totality of Mnuchin’s testimony before the committee, Mnuchin is saying the current “too big to fail” (‘too big to succeed’) issue has created a problem for lending liquidity.  Specifically, if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

I think we have a handle on what the administration is doing based on the executive orders signed and explained earlier.  Bear with me…

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Reminder – David Plouffe: “Trump Must Be Destroyed”…

Reminder.  David Plouffe was President Obama’s campaign manager and Senior White House advisor:  (source link)  Plouffe has ideological cohorts, friends and embeds inside almost all corporate media entities; specifically WaPo and NY Times.

Parallel Policies? Parallel Administration? Mike Pence Remarks To U.S. CoC at “Invest In America” Summit…

Something appears to be happening within the administration that is currently impossible to define with regard to intent of construct. For the sake of my own internal disposition, and to ensure a geographic distance from sharp things, a modicum of levity is necessarily required.  Cue suspicious cats:

Unfortunately, it’s too early (not fully developed pixels) to see the picture, but there appears to be an intentionally constructed parallel set of administrative policies that almost gives the appearance of a paralleling administration. It should be emphasized the construct herein is not necessarily definable as good or bad; it’s just simply too early.

It begins with Vice President Mike Pence delivering a speech at the Invest in America Summit today, which is primarily a gathering of the largest lobbying group in Washington DC via The U.S. Chamber of Commerce.  No single lobbying organization has done more to advance global trade interests and diminish the U.S. manufacturing economy than the U.S. Chamber of Commerce, and its president Tom Donohue.

Simultaneous to this event, Treasury Secretary Steve Mnuchin was on Capitol Hill testifying to the Senate Banking Committee, and appears to have recently accepted the premise that the U.S. banking system is institutionally too big to fail, and more alarmingly too big to reform.

First, the Summit remarks:

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President Trump and Colombian President Santos Joint Press Conference – 3:45pm…

President Donald Trump meets today with Colombian President Juan Manuel Santos. Trump and Santos were meeting to discuss collaborative policies on the drug trade and drug cartels.  Together they will hold a joint press conference from the White House at approximately 3:45pm:

UPDATE: Video Added:

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Secretary Tillerson and Secretary Kelly Hold Joint Press Conference With Mexican Officials – Drug Cartel Initiatives…

U.S. Secretary of State Rex Tillerson and Department of Homeland Security Secretary John F. Kelly hold a press conference with Mexican Foreign Secretary Luis Videgaray and Mexico’s Secretary of Government Miguel Angel Osorio Chong.

President Trump has instructed the State Department and DHS to initiate a new -more aggressive- posture toward the elimination of drugs.  The United States is now developing new strategies to directly combat Mexican drug cartels, including cash flow, banks, cross-border incursions, and political corruption.

This press conference happens on the same day that U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross jointly travel to the U.S. Senate to initiate starting the clock (intent notification to senate) for the 90-period prior to reopening NAFTA.

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Combating violent drug cartels, securing the southern U.S. border and the new NAFTA trade agreement are all extremely important undertakings. That said, look at the poor media attendance.  Update: Transcript Added

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May 18th – 2017 Presidential Politics – Trump Administration Day #119

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.

trump-president-3

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

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

Sean Spicer Twitter @PressSec