Treasury Secretary Steven Mnuchin departed Camp David last night and appears on Fox, CNN and CBS Sunday talk shows to discuss the pending historic vote on Tax Reform.
Fox News Sunday:
If there is anyone who didn’t quite understand the quote: “there are trillions of dollars at stake”, in the context of the 2016 election, well, a letter today from the biggest EU economic nations will provide greater context.
Additionally, as you absorb the position behind their claims, never forget how much foreign governments spend in lobbying the U.S. congress for legislation adverse to the interests of U.S. workers.
Britain, France, Germany, Italy and Spain are claiming the U.S. congress has no right to reform the U.S. tax code because the reforms undercut their ability to hold an advantage over the U.S. in multinational trade deals.
This quote is particularly enlightening:
[…] The letter argues that proposed changes to the U.S. tax code could give American companies an advantage over foreign rivals.
The Globalist Position: ‘All your tax code are belong to us.’ Yes Alice, the election of President Trump, and the specific economic and trade policies within his platform, are an existential threat to decades long multinational schemes.
CNN MONEY – Germany, France, Britain, Spain and Italy have written to Treasury Sec. Steven Mnuchin, arguing that tax bills passed by the House and Senate run afoul of treaties and could distort international trade.
“It is important that the U.S. government’s rights over domestic tax policy be exercised in a way that adheres with international obligations to which it has signed-up,” the letter states. It was signed by the countries’ finance ministers.
Despite the negative banter from the gnats the U.S. economy is continuing to outpace economic expectations. More importantly the gains are within targeted sectors long-ago written off. Yes, Trump’s MAGAnomic policies are proving it was always possible.
Job gains exceeded 280,000 as the Main Street economy continues gaining momentum. The manufacturing sector added 31,000, a slight deviation from ADP payroll actuaries a week ago, which remains a complete reversal of prior historic job growth. For the past three decades manufacturing jobs had been shrinking, now the sector is growing. This is the important part of the overall picture.
The unemployment rate remains at 4.1%, because the underlying data has been strongly manipulated for the past several years. If the data ran negative the statistical ruse would be evident; so the explanation remains that workers who left the economy have reentered, ie. “slack“. :::eyeroll:::
Wage growth was estimated at 2.5%, which is in line with our previous analysis. We do not anticipate massive wage rate gains until the full ‘slack‘ is taken up within the employment market. Our prediction remains that Quarter #2 2018 (April, May, June) will be approximately the time-frame when wage rates increase at 5% and more.
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It would be EXPLOSIVE if it turned out the October 2016 FISA warrant was gained by use of the Christopher Steele dossier. That’s a critical and key element to the sunlight upon the entire enterprise.
If the counterintelligence FISA warrant was obtained through deception, misleading/manipulated information, or fraud; and that warrant is what led to the wiretapping and surveillance of candidate Donald Trump and General Flynn; and that warrant was authorized by FISA Court Judge Contreras –who was the judge in Flynn’s case, and is now recused– the entire tenuous FBI and DOJ operation begins to collapse.
The back-story to the FISA warrant is the cornerstone. The back-story contains both the FBI and the DOJ scheme. Expose it, remove it, and the entire ‘muh Russia’ conspiracy fraud collapses under the weight of sunlight.
A rather interesting New York Times article describes life in the Consumer Financial Protection Bureau (CFPB) now that interim Director Mick Mulvaney is leading the agency. Actually, one of the more interesting aspects is how congressional defenders of the CFPB have claimed the workforce is non-partisan, yet for some mysterious reason the mostly Millenials are described as using coded messaging.
Keep in mind, these are presumably college educated young professionals:
New York Times […] Some employees, including a few of the bureau’s top officials, have welcomed their new leader. Others, pointing to Mr. Mulvaney’s earlier hostility toward the agency and its mission, are quietly resisting. One small group calls itself “Dumbledore’s Army,” according to two of the people who were familiar with their discussions. The name is a reference to a secret resistance force in the “Harry Potter” books.
An atmosphere of intense anxiety has taken hold, several employees said. In some cases, conversations between staff that used to take place by phone or text now happen almost exclusively in person or through encrypted messaging apps.
Yesterday we pointed out the reasons why the New York Times was making up ridiculous claims about President Trump replacing Secretary of State Rex Tillerson – SEE HERE –
If you are paying attention to the comprehensive Trump Doctrine you can specifically see how President Trump and T-Rex are an incredible partnership. [The swamp hates that.]
Additionally, if you expand the Trump/Tillerson geopolitical strategy circle of administration officials to include: U.N. Ambassador Nikki Haley, Treasury Secretary Steven Mnuchin, Defense Secretary James Mattis and Commerce Secretary Wilbur Ross, you really begin to see the most effective foreign policy team we have ever seen.
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Back in 2015 we described the basic principles behind MAGAnomics. CTH continually reminds people that for most Americans under age 45 they have NEVER seen, or participated in, a fully functional U.S. economy. There’s a reason for those reminders.
The Main Street economy is like a train that has sat idle for three decades. MAGAnomics is that train’s engine. President Trump’s ‘America-First’ economic policy agenda is the starter fluid and the super-fuel.
After the initial blast of quick-start is applied, the engine ignites, coughs, backfires loudly, clears out the cylinders… then slowly -awakening- it begins to auto-sync… It winds up as the internal energy builds… Then comes that first, familiar and glorious roar:
Remember, this economic engine has not yet been put into gear. She has gained more than 3% GDP growth while tuning herself. Once this glorious American industrial machine gets moving, there ain’t much that can ever stop it…
The prior usurping economic control agents starved her of fuel to shut her down.
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There’s a big con job just over the horizon. All of the elements are there. The timing, the platform, the personalities, the discussion topics, etc., it’s a familiar script. CTH would like to direct attention to this interview which took place last night on Laura Ingraham’s new Fox News show. Listen carefully to three elements:
♦On Tax Reform – on one side of Rubio’s ‘full-throated‘ mouth he wants higher taxes on corporations 22% -vs- 20%. In the almost the same breath, inside the same argument, he says “it’s not their (the government’s) money”. Try to reconcile that.
♦On DACA – [Remember, three months ago President Trump gave congress six months to fix DACA] Rubio says the “Deferred Action for Childhood Arrivals” (DACA) program is not the “Dreamers”. What? Yes it is. The childhood arrivals ARE the so-called ‘dreamers’.
♦However, much more importantly, listen to what is said on “chain migration“. Ingraham asks if Rubio supports “chain migration”. Rubio says no, then immediately says: “I’ve always agreed to limiting chain migration to immediate family members”. WHAT? That is chain migration.
I’m getting really sick and tired of economic analysts talking down the U.S. economy even when they are surrounded with resoundingly good news. These economic control agents are furious that President Trump is deconstructing their decades-long lies; and showing just how manipulated the U.S. economy has been – by elites, to the detriment of the middle-class…. I digress:
Despite the devastating hurricanes in August and September the Third-Quarter GDP grew at a revised upward rate of 3.3%. Third quarter growth was initially reported at 3%.
BLOOMBERG – The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.
During several months of discussions deep in the weeds of President Trump’s geopolitical strategy toward the North Korean nuclear missile crisis, CTH extensively outlined a particular economic approach that would likely surface ONLY AFTER President Trump, Secretary of State Rex Tillerson and U.N. Ambassador Nikki Haley walked methodically through the sequential elements needed.
The most important part of that sequence involved getting China and Russia to accept the cornerstone of a denuclearized DPRK. They did. The “Unanimous” U.N. Security Council resolution against the DPRK was passed.
The next phase was to get the international community to agree to the strongest ever massive economic sanctions. They also did. As this was occurring, Defense Secretary James Mattis positioned U.S. Navy assets forward into the region, and close-quarter drills began in South-East Asia ocean trade routes near merchant vessels.
Evolutionary talks between President Trump and the newly empowered Chinese Chairman Xi Jinping established the framework for President Trump’s zero-sum economic position; both President Trump and Chairman Xi were clear on the possibility. Following their meeting, China sent an emissary to the DPRK and the U.S. State Dept. labeled North Korea a state sponsor of terrorism.
As anticipated, in the State Department response to the latest ICBM test, we now see the elements of a pending U.S. naval blockade. [Paragraph #2, Sentence #3]
[…] In addition to implementing all existing UN sanctions, the international community must take additional measures to enhance maritime security, including the right to interdict maritime traffic transporting goods to and from the D.P.R.K.…
