An incredible moment during the National Prayer Service today as Rabbi Yisroel Goldstein, the leader and survivor from the recent synagogue shooting in Poway, California, delivers heartfelt prayers and remarks to President Donald Trump.
The strength of Rabbi Goldstein is inspiring; his message is uplifting; his faith is unwavering, and his courage is affirming. This is an American message of hope and heart.
President Donald Trump calls in to Fox Business with Trish Regan to discuss the humanitarian crisis in Venezuela, the problems at the U.S. southern border and the Mueller probe.
U.S. Attorney General William Barr testifies to the Senate Judiciary Committee about the Mueller/Weissmann/Rosenstein report. The hearing begins at 10:00am EDT. UPDATE: VIDEO ADDED (Two Segments – Morning Session and Afternoon Session) Morning Session:
Well, it looks like the outcome of a horsetrading deal is starting to assemble. President Trump meeting with Nancy Pelosi, Chuck Schumer et al, to discuss a $2 trillion infrastructure deal. Despite their schemes and plots this is worth watching:
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Democrats don’t want the baggage of a tax increase heading into 2020… so Schumer punts the financing of the $2 trillion to President Trump; forcing the White House to deal with the dirty part (likelihood a gas tax increase), while Schumer/Pelosi keep clean hands on the high-brow aspect of beautiful infrastructure. That part is politically predictable.
That said, CTH can see the outline a deal where Democrats exchange votes for President Trump’s trade deals (specifically USMCA); to offset the Wall Street Republicans that will vote against the trade agreements; in return for provisions of an infrastructure deal that will benefit Pelosi/Schumer. (more…)
National Security Adviser John Bolton holds a press availability to discuss the crisis in Venezuela following a briefing with President Trump. Mr. Bolton said “we are seeing the Venezuelan people strive to get a government that they control, not an authoritarian military regime”, adding “this is a very serious situation. The president has been monitoring it minute-by-minute throughout the day.”
Bolton emphasized “this is clearly not a coup. We recognize Juan Guaido as the legitimate president of Venezuela.” He called it a “potentially dispositive moment” for Venezuelans to regain their freedom”, later referencing “a very delicate moment.” If this effort fails, they will sink into a dictatorship from which there are very few possible alternatives.”
The U.S. economic numbers continue to gain strength. Ahead of his departure to China for ongoing trade negotiations, Treasury Secretary Steven Mnuchin discusses the current state of the economy with Maria Bartiromo.
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Secretary Mnuchin and USTR Lighthizer arrive in China tomorrow. This meeting will determine their recommendations to President Trump as to whether a deal can be reached. If no, the potential to re-institute delayed round-two tariffs is possible. (more…)
National Economic Council Chairman Larry Kudlow appears on Fox Business to discuss the latest strong economic numbers including GDP growth, rising wages, low inflation, and strong capital investment. Additionally, Kudlow discusses current status of U.S. trade negotiations with China and a looming battle against the Decpeticons for USMCA.
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On the latest Op-ed by Iowa Decepticon Senator Chuck Grassley. As I mentioned last week, the Grassley/Johnson letter to AG Bill Barr is exhibit “A” in how DC attempts to leverage their own financial interests against the outsider that is Donald Trump.
Senate Finance Chairman Grassley’s move last week was a shot across the bow, but generally only noticed by those who travel the deep weeds of corrupt DC leverage strategy. Essentially, Grassley saying he won’t allow Trump to expose the deep state corruption unless Trump concedes to Wall Street’s demands on trade deals.
It only took a few days for the evidence of this leverage move to surface as Grassley, acting on behalf of his K-Street donors, writes an Op-ed stating if Trump doesn’t drop the Steel and Aluminum tariffs, then he can consider the USMCA “dead”. An absolutely typical Decepticon move. (more…)
The professional financial punditry can’t explain it. Flummoxed academics run around bumping into walls amid economic numbers that continue to defy expectations. All caused by a simple return to common sense ‘America First’ MAGAnomics. Low unemployment (3.8%); wages growing (+3.2%); inflation stable (1.6%). These measures all have a cumulative impact on paycheck-to-paycheck Americans. Prices for durable goods are stable and wage growth is exceeding inflation. That means more disposable income in the middle-class…DUH. Which, when combined with the increased pay from lower middle-class tax rates, is exactly the intended outcome of MAGAnomics.
Today the BEA is out with consumer spending results for the first quarter that defy expectations. Consumer spending on goods increases 1.7%. Overall spending +.09 in March, reaches highest gain in ten years. The deplorables are spending their higher wages. Go figure. Meanwhile core inflation drops to 1.6%. The pundits are shocked.
(Reuters Headline) “U.S. consumer spending roars back, but inflation tame” – WASHINGTON (Reuters) – U.S. consumer spending increased by the most in more than 9-1/2 years in March as households stepped up purchases of motor vehicles, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
President Donald Trump hosts Japanese Prime Minister Shinzo Abe for a round of golf today, while First Lady Melania Trump hosts Madame Akie Abe in DC.
The relationship between the Trump’s and the Abe’s goes back quite a while and is rooted in a genuine friendship. The president and prime minister are strong competitors on trade and economic policy; however, the competition is founded on respect.
Prime Minister Abe’s economic policies are rooted in the growth process taught by Edwards Demming. If you follow their professional business ideology, it is easy to see how President Trump and Prime Minister Abe would face-off around a standard of excellence.
When combined the economies of the United States and Japan account for approximately 30 percent of all global gross domestic product.
This is really old-school business stuff. Each leader, is essentially an economic policy coach for his country; creating strategies and championing growth in a challenge to see who can succeed the most. They respect each-other, but this is old school. PM Abe isn’t about to concede to a deal where Japanese growth is ceded; however, he will not cheat to achieve success (unlike Xi). So friendly adversarial negotiations continue. Good stuff.
Meanwhile First-Lady Melania Trump and Madame Akie Abe toured some of the historic sites in the capital, including the Washington Monument and US National Arboretum. (more…)
