Housing starts (and permits) have been a long-term key performance indicator for the economic stability and strength of Main Street USA for generations. Across all key metrics, the economics of middle-class America is defined by confidence in housing. A strong housing market reflects worker/purchaser confidence in their economic position.

The U.S. Commerce Department reports today that U.S. housing starts and permits has reached a 12-year-high. [data here] This is a key point because it cuts to the heart of the difference between a thriving Main Street economy and the disconnect surrounding issues with Wall Street (multinational) financial markets.

WASHINGTON (Reuters) – U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

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House Judiciary committee members Jim Jordan and Mark Meadows appear on Fox News this morning to discuss the ridiculous committee hearing yesterday where former Trump campaign manager Corey Lewandowski delivered testimony.

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Robert C O’Brien (pictured left) is currently the State Department’s special presidential envoy for hostage affairs.  A founding partner of the Los Angeles-based law firm Larson O’Brien.

NYT – Mr. O’Brien served with Mr. Bolton when he was President George W. Bush’s ambassador to the United Nations and has advised Republican candidates like Mitt Romney, Scott Walker and Ted Cruz. In both the Bush and Obama administrations, Mr. O’Brien worked on an initiative to train lawyers and judges in Afghanistan.  (link)

People describe O’Brien as similar to his friend John Bolton without the virulent twitchy trigger finger. In his capacity as special envoy for hostage affairs, O’Brien wrote a letter to Swedish prosecutors urging them to release A$AP Rocky.  According to CBS O’Brien’s work “on Rocky’s case endeared him to Jared Kushner, the president’s son-in-law and one of his top advisers.”
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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 †

A man has driven a vehicle through the front doors of Trump Plaza New Rochelle in New Rochelle New York.  There are injuries from people who were in/near the lobby of the building.

Details are sketchy, but according to one report: “Workers at Trump Plaza New Rochelle say after car plowed into lobby, male driver got out and took a seat on a sofa. Said nothing. Several injuries but none are life threatening.”

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Elizabeth Warren is the Democrat primary candidate with momentum.  While the top five names have not changed, the support is firming up.  Joe Biden remains at the top of the poll with 31 percent. Elizabeth Warren has now surged to second with 25 percent; and it appears most of angry Sanders loss in support has gone to ‘I’ma-git-me-a-beer‘ Warren.

NBC/WSJ Poll: Joe Biden and Elizabeth Warren, holding distinctly different advantages, have separated themselves from the crowded Democratic presidential field, a new NBC News/Wall Street Journal poll shows.
In the survey, conducted after the third in the Democratic Party’s series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%, Vermont Sen. Bernie Sanders trails Warren by a double-digit margin while 15 other candidates receive support of 7% or less.

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Corey Lewandowski is exploring a run for U.S. Senate in New Hampshire:

Stand With Corey – Link

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This is a topic we have previously discussed.  The current status is unfortunately what CTH previously predicted….  The consequences here are very serious.

Representative Denver Riggleman (R-Va.), a member of the House Financial Services Committee, claims a significant number of House Democrats are ready to vote to approve the USMCA trade deal.  However, Nancy Pelosi is holding back the vote.

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Everyone agrees that passage of the USMCA would provide leverage for the U.S. position in both China and EU trade negotiations.  Representative Andy Barr says despite a likely 300+ vote of support, he believes Pelosi is stalling to block that exact leverage.
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Mercedes Stephenson from Global News has done some excellent follow-up coverage on the arrest of RCMP Intelligence Director Cameron Ortis.  Mr. Ortis is facing seven serious charges of intelligence violations including obtaining information to pass to a “foreign entity.”  The intelligence compromise is the biggest scandal in “a generation”.
New evidence shows the arrest was a result of a 2018 international intelligence operation that targeted the encrypted communications service known as “Phantom Secure”.
A man named Victor Ramos was the CEO of Phantom Secure, an enterprise that provided encrypted communication devices to criminal agents involved in drug smuggling, money laundering and human trafficking.
Ramos was arrested by United States FBI officials in Washington State.  Ramos gave the FBI information about intelligence for sale that was coming from a source deep inside the Five-Eyes intelligence apparatus.  That information led to RCMP Director Cameron Ortis.
The scale of the compromise is still being analyzed. Ortis was director general of the National Intelligence Coordination Centre in Canada. In essence, Ortis was the Canadian equivalent of the U.S. Director of National Intelligence (James Clapper/Dan Coats); and had access to the most sensitive intelligence information amid the entire Five-Eyes network that includes: Canada, The United States, The U.K. Australia and New Zealand.
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