Against the backdrop of President Trump’s unapologetic economic muscle flexing, National National Economic Council Director Larry Kudlow appears on CNBC to discuss the latest stunningly positive jobs and economic reports.
The Bureau of Labor Statistics released the May Jobs Report earlier today (pdf here) and has stunned forecasters and economic analysts with incredible results. Over 223,000 jobs were created in May, and the unemployment rate drops to 3.8%.
As the New York Times is forced to admit, there are not enough words to describe just how good these results are amid the continued growth of the U.S. economy. Accepting the BLS heavily manipulated jobs numbers during the Obama years, the BLS is forced to attempt to reconcile the scale of monthly job gains (223k) and an unemployment rate that has seemingly dropped below the floor of reasonable possibility. As a result 3.8% is the lowest unemployment rate since April 2000; and if the unemployment rate drops another 0.1% it will be the lowest unemployment number since the 1960s.
Average monthly employment growth in 2018 now averages a whopping 207,000 jobs per month. These monthly average gains are faster than gains in both 2016 and 2017. Collectively, the U.S. economy has added nearly 3 million jobs since President Donald J. Trump took office.
White House: “Job growth has been strong across the board during the first 16 months of this Administration, and the gains in the goods-producing industries (manufacturing, construction, and mining and logging) have been especially robust. After averaging gains of 27,000 jobs per month during President Obama’s second term, these industries have almost doubled the pace of hiring to 46,000 jobs per month since January 2017. Manufacturing gains have picked up even more speed: Monthly gains have averaged 19,000 per month since President Trump took office after increases of only 8,000 per month, on average, during the second term of President Obama.
Earlier today President Trump participated in a Coast Guard change of command ceremony.
[Transcript] 11:17 A.M. EDT – THE PRESIDENT: Thank you very much, Secretary Nielsen. Great job you’re doing. That was a wonderful introduction and your leadership as the Coast Guard’s Service Secretary has been very much appreciated and respected. Thank you very much. Great job.
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President Trump Twitter @POTUS / Vice President Pence Twitter @VP
Sarah H Sanders Twitter @SHSanders45
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 †
Grab your winnamins and hide the Ju-Ju bones. I thought this was going to be an issue when Prime Minister Trudeau publicly told reporters the content of a private conversation between Vice-President Mike Pence and himself. With incredibly bad diplomatic form, Justin from Canada has not only cemented the Steel and Aluminum tariffs as permanent – but Trudeau has likely destroyed any hope of the U.S. remaining in NAFTA.
The White House has delivered a statement to the media, with a request to ensure authorship is directly and personally cited from President Donald J Trump:
The United States has been taken advantage of for many decades on trade. Those days are over. Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United States will agree to a fair deal, or there will be no deal at all. (link)
For those unfamiliar; this is about as close to an ultimatum as President Donald Trump generally delivers to his adversaries. Look back on his history and you’ll note rarely does Donald J Trump deliver ‘either this / or that’ approaches; it’s just not his style…. He doesn’t bluff. However, when Trump has decided to walk away from a deal, any deal, he delivers the “either/or” right before walking to the door. The final terms hang in the air providing the opposition with a few fleeting moments to reflect prior to exit.
The 17-month Inspector General review of the DOJ/FBI investigation of the Hillary Clinton email is soon to be made public, perhaps as early as tomorrow. This IG inquiry is specifically looking into whether the FBI investigation was corrupted by political influence in their determination of the Clinton outcome. The preliminary investigative outcomes speak for themselves.
This series of video reports provides background on the potential crimes, the subsequent coverup, and the corruption that infested the 2016 Department of Justice and the FBI.
Part I
Earlier today candidate for Florida Republican Governor, Ron DeSantis, appeared on Fox Morning broadcast to deconstruct the ridiculous claims of decepticon Trey Gowdy.
WHITE HOUSE – Today, President Donald J. Trump issued an Executive Grant of Clemency (Full Pardon) to Dinesh D’Souza, an accomplished author, lecturer, and scholar.
Mr. D’Souza was, in the President’s opinion, a victim of selective prosecution for violations of campaign finance laws. Mr. D’Souza accepted responsibility for his actions, and also completed community service by teaching English to citizens and immigrants seeking citizenship.
In light of these facts, the President has determined that Mr. D’Souza is fully worthy of this pardon.(link)
Focusing a lot of today’s information on the economic front and the implementation of the U.S. America-First trade discussion because this is the very heart of the Trump MAGA initiatives. Everyone who voted for President Trump should be grinning ear-to-ear today at how steadfast POTUS has been – against all economic adversaries foreign and domestic.
White House Trade Council Director Peter Navarro discusses the implementation of countervailing U.S. duties; the transshipment issues, NAFTA and the intended trade reset therein. “Economic Security is National Security“!
