Content created by Som3thingwickeed who uses the Dennis Leary Ford commercial theme to create a commercial explaining the current state of politics. [A Little Salty]

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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.

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

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 †

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street).  Charles Payne understands most of this, but El-Erian has it nailed.
Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed.  Thus there’s a disconnect and accompanying market volatility.
This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall Street in terms the panel pundits will understand/accept.

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There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile.
The more a nations’ economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization.   U.S. companies that are invested in these nations will lose their investment over time; some rapidly.  This will keep the stock market volatile, yet the Main Street USA economy is thriving.
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Chopper pressers are the best pressers.  A confident, cool and assertively diplomatic President Donald Trump holds an impromptu press conference with media as he departs New Jersey for a campaign rally in New Hampshire. [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: So, tremendous retail numbers were announced today, which really is a great indicator of how well our country is doing, how well our economy is doing. Those are real numbers. Walmart announced; others announced. We had some tremendous numbers come out today, which I’m sure you saw. So we’re very happy about that. We’re doing very well.
The economy is incredible. The consumer — probably above all else, the consumer is doing incredibly.
So, go ahead. Any questions?
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Tonight President Donald J. Trump is holds a MAGA/KAG campaign rally at SNHU Arena in Manchester, NH.  The President is scheduled to speak at 7:00pm EST with pre-rally speakers and events ongoing.
UPDATE: Rally Video Added

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After federal authorities raided seven chicken processing facilities in Mississippi last week evidence is now surfacing (within probable cause affidavits – full pdf below) of willful and intentional illegal hiring practices.  But don’t look for all the employers to be prosecuted.
The Washington Post has an excellent outline of the seven facilities citing dozens of instances where evidence shows each company knew they were hiring people who were not legally eligible for work.
In a surprising number of cases the illegal employees were arrested by Border Patrol in California, Texas, New Mexico and Arizona and released on electronic-monitoring programs, including ankle bracelets, to await court dates.
According to the affidavits federal authorities tracked the GPS locators on some of the employees and found they were illegally working in all of the facilities.  During interviews with the workers they stated how friends and family members in Mexico and Guatemala told them where to go for work in Mississippi.
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Citing the continued effort of Rashida Tlaib (D-MI) and Ilhan Omar (D-MN) to advocate for the anti-Israel Boycott, Divestment and Sanctions (BDS) movement, the government of Israel notified Representatives Omar and Tlaib Wednesday night they would not be granted entry visas this weekend.

Not long before the news was public, President Donald Trump tweeted his support for the decision by the Israeli government:

Immediately the political media went bananas with proclamations that President Trump was the cause of the denied entry.  According to many DC politicians demanding the elimination of the state of Israel does not warrant a denial of entry.  The Democrats -and some Republicans- say Israel should respect the voices of American politicians who want to see their nation eliminated.  Apparently Israel disagrees with this position.

WASHINGTON – Israel on Thursday barred Reps. Ilhan Omar and Rashida Tlaib from entering the Jewish state, citing their support for a Palestinian-led boycott movement — a decision that unleashed a torrent of condemnation by Democratic congressional lawmakers.

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Senator Rand Paul had to undergo recent lung surgery as an outcome of an attack by a violent member of the Democrat resistance in 2017.  In his first interview since the surgery Senator Paul discusses his ongoing recovery and the continued expressions of violence from the political left.

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If you needed any empirical evidence to prove the doomsday proclamations by the financial pundits are false claims, just look at the July consumer spending results. July spending more than doubled expectations.
July results were +0.7 percent, against the economic forecast of +.03 percent.   Consumer spending makes up over two-thirds of the U.S. GDP and overall economy. Doesn’t exactly sound like Main Street is on the precipice of a recession. Oh my.

Average wage growth remains +3.5% year-over-year.  The growth of overall income for American workers exceeds +5.4 percent year-over-year.  Unemployment is a low 3.6% and U.S. consumer inflation remains low at 1.4 percent.  Meaning: the middle-class has more disposable income to save or SPEND; and that’s what is happening….

• Reminder #1: Consumer spending is two-thirds of the U.S. economy.
• Reminder #2: We consume more than 80 percent of our own production (products created in USA).  We do not rely on exports.
• Reminder #3: Because of #1 and #2, the “Main Street” U.S. economy is self sustaining -much stronger- and more protected from the negative impacts on the global economy.
• Reminder #4: Who/What is at risk from global contraction? The Wall Street economy (compromised primarily of multinationals).  What is not at risk, the Main St economy.
• Reminder #5:  Because of #3 and #4, Wall Street can drop while Main Street thrives.

This is the fundamental disconnect. These Main Street results, this dynamic, is the space between two economic engines that CTH has been describing for three years.  The investment class on Wall Street can go through pain, while the middle-class on Main Street thrive.  We are in the space between.
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