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 †
Judicial analyst and Fox News host, Shannon Bream, has an exclusive interview airing tonight on Fox News. Jake Gibson is a Fox News producer and just tweeted this:
It would appear Attorney General Jeff Sessions already has a DOJ prosecutor looking into the issues uncovered by the House Judiciary Committee Chairman Bob Goodlatte.
You might note, as we previously outlined, Chairman Bob Goodlatte -as a specific outcome of his oversight role- is the congressional leader working closest with DOJ Inspector General Michael Horowitz. I shall resist the urge….
First, per Trade Adviser Peter Navarro, the Steel and Aluminum tariffs will be announced tomorrow. Second, Mexico and Canada will be given an exemption from those tariffs while NAFTA is being renegotiated. WATCH:
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The exemption will give U.S. Trade Representative Robert Lighthizer increased leverage in his efforts to close the NAFTA loophole. Closing the NAFTA “fatal flaw” is the essential “Option 1” that we have discussed previously several times. It would be against the interests of Canada and Mexico to ever agree to close the loophole. However, the steel and aluminum tariffs add a bit of financial incentive not previously in the equation.
It is still highly doubtful the amount of money in the steel and aluminum tariff aspect is close to enough to get Canada and Mexico to agree to close the backdoor loophole. However, any amount is more than was there before…. so the possibility of “option 1” increases a smidge.
Commerce Secretary Wilbur Ross talks about the importance of trade “reciprocity”. As Wilburine outlines phase-2 MAGAnomics is only just beginning the reciprocity discussion.
Additionally, Secretary Ross talks about the issues with Chinese steel trans-shipment and the reason for Steel and Aluminum tariffs to be global in order to address China’s use of proxy nation states to continue dumping. In this interview Ross begins to outline the fine points behind the pending 2018 trade negotiations. It is going to take a lot of repeated effort to awaken the larger U.S. electorate to the issues.
500 high-wage manufacturing jobs might not sound like a big deal, but for the community of Granite City Illinois it is a VERY BIG DEAL. Their blast furnace was shut down in 2016, and today they happily hear the news of its reopening… GREAT NEWS !
ILLINOIS – U.S. Steel announced it will restart a blast furnace and steel-making operations at its Granite City Works plant in southern Illinois near St. Louis as a result of the announced tariffs of 25 percent on all steel imports.
The Pittsburgh-based steelmaker shuttered parts of the mill in late 2015 and early 2016, largely, it said, as a result of a glut of imports that depressed prices and made steel mills less profitable. U.S. Steel plans to bring 500 steelworkers back to work if President Donald Trump goes forward with plans to act on a Section 232 investigation that concluded a surge in steel imports was eroding the American steel industry and threatening national security.
Earlier today President Trump delivered a speech to the Latino business coalition legislative summit. President “Patrone’” Trump noted ongoing economic growth, employment success, and the unfortunate intransigence of the Democrat opposition in Washington DC.
[Transcript] 12:03 P.M. EST – THE PRESIDENT: Thank you very much. Thank you. And thank you, Hector. I’m thrilled to be here with so many of our incredible leaders in the Latino business community. And you folks are good business people. I know that. I know that for a fact. I’ve had to compete against you for a long time. (Laughter.) In fact, I said, I want to get out of that; I want to be President. It’s easier. (Laughter.)
But I especially want to thank Chairman Hector Barreto for the invitation and for the many years of his leadership on behalf of America’s small businesses. I also want to recognize Secretary Chao who’s joining us today. Elaine? Hi, Elaine. (Applause.) You’re doing a fantastic job, by the way. Thank you very much, Elaine.
Sarah Huckabee Sanders delivers the White House press briefing for Wednesday March 7th, 2018. Anticipated start time 2:00pm EST:
UPDATE: Video Added
Attorney General Jeff Sessions and the U.S. Department of Justice is filing an injunction to block enforcement of three California immigration laws, each enacted within the past year.
Summary of California Laws Being Challenged:
(Encapsulated from Fox News coverage) ♦ One law offers additional worker protections against federal immigration enforcement actions. Senior Justice Department officials have said it’s prevented companies from voluntarily cooperating with Immigration and Customs Enforcement (ICE) officials.
Employers are mandated under the law to demand ICE agents present a warrant or subpoena before entering certain areas of the premises, or when accessing some employee records. Some companies have complained they’ve felt torn between trying to comply with seemingly contradictory state and federal statutes, since penalties for non-compliance can be steep from both entities.
Maria Bartiromo interviews Treasury Secretary Mnuchin to discuss Gary Cohn’s departure from President Trump’s National Economic Council (NEC). {Deep Dive Here} Secretary Mnuchin talks about the larger MAGAnomic objectives, and the transition of the administration into ‘policy phase-2’ with all attention now focused on Main Street.
Great Interview:
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♦Economic Patriotism – ‘America First’:
√ Unleash energy development. Drive down energy costs. Lower cost-of-living.
√ Eliminate regulatory stranglehold. Unleash free market entrepreneurial expansion.
√ Lower corporate tax burden. Position business investment ‘best bet’ domestically.
√ Generate investment expansion. Create: jobs, jobs, jobs.
√ Generate higher labor demand. Jobs, Jobs, Jobs = Higher wages, wages, wages.
√ Lower middle-class tax burden. Combine higher wages with lower taxes. 2x benefits.
==> WE ARE HERE <==
• Structure trade deals to benefit workers/companies inside the U.S.
• Leverage access to U.S. market as incitement for domestic investment.
• Economic Growth + Domestic Manufacturing Expansion = GDP increases.
• Increased overall tax revenues from expanding economy stabilizes debt and entitlements.
*ahem* As if on cue…
