Continuing to celebrate President Trump’s first 100 days in office this week, Press Secretary Karoline Leavitt will be accompanied by White House Deputy Chief of Staff and Senior Policy Advisor, Stephen Miller. The theme is “Restoring Common Sense.”
The anticipated start time is 9:00am ET. Livestream Links Below:
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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 †
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Republican senators Rand Paul, Susan Collins and Lisa Murkowski all voted in support of removing President Trump’s ability to impose tariffs under national security grounds. However, the overall vote failed in the Senate 49-49.
The vote was mostly symbolic for the upper chamber as the House previously approved a rule to block any effort to restrict President Trump’s trade authority, and the White House would obviously veto any bill that might pass. However, the vote does showcase the Republicans who are in support of multinational corporations outsourcing jobs and manufacturing.
The bill was originally created by Republican Senator Rand Paul and Democrat Senator Ron Wyden. The intransigent neocon wing of the GOPe, those who take funds from the U.S. Chamber of Commerce (aka Decepticons) also supported the bill, but given the certainty of Trump’s veto, needed to retain their masks.
WASHINGTON – […] The legislation, designed to end the national emergency Trump used to impose his now-paused “Liberation Day” tariffs, failed by a vote of 49 to 49 despite three Republicans joining all Democrats. {Full Story}
Will U.S. taxpayers ever see a dime repaid? Probably not, because the proceeds will likely end up in the pockets of the professional political class; however, the concept is a good idea in principle. It is more than likely Zelenskyy has sold his “minerals” to several countries in his perpetual tin cup tour. The ‘investment fund’ aspect is just another way to transfer proceeds into the bank accounts of U.S. Senators.
The previously called “minerals deal” is now essentially a fund created between the USA and Ukraine where proceeds from exploiting Ukraine natural resources will be used to rebuild the country and repay the USA for prior financial support. According to ABC News, “Both sides were ready to sign the agreement on critical minerals and other resources earlier, but the U.S. said it wanted the main minerals resources agreement signed and the creation of an investment fund document signed at the same time, Ukrainian Prime Minister Denys Shmyhal and a source in the Ukrainian president’s office said.”
Thanks to @POTUS @realDonaldTrump’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund to help… pic.twitter.com/N1jPa35DYh
— Treasury Secretary Scott Bessent (@SecScottBessent) April 30, 2025
WASHINGTON — On April 30, the United States and Ukraine signed an agreement to establish the United States-Ukraine Reconstruction Investment Fund. In recognition of the significant financial and material support that the people of the United States have provided to the defense of Ukraine since Russia’s full-scale invasion, this economic partnership positions our two countries to work collaboratively and invest together to ensure that our mutual assets, talents, and capabilities can accelerate Ukraine’s economic recovery.
Earlier today President Trump held a cabinet meeting with the heads of all executive agencies. Following the meeting, President Trump invited the press into the cabinet meeting room where he answered media questions. WATCH:
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This next story is a natural outcome in the flow of goods. Remember, the Bureau of Economic Analysis (BEA) of the first quarter is a hindsight review. Meaning the information released today was based on activity in January, February and March 2025.
U.S. companies surged the purchasing of import goods, mostly from China, by more than 50% in the first quarter. They were/are building inventory. So, what happens in China starting in April?
Hong Kong, CNN – China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus.
The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the weakest reading since December 2023, according to data released by the National Bureau of Statistics (NBS) on Wednesday. A reading below 50 signals a contraction.
Zhao Qinghe, a senior statistician at the NBS, said in a statement that the contraction in factory activity was due to “sharp changes in the external environment and other factors.” (read more)
The U.S. has front-loaded the inventory. So, orders to China drop now. It’s a natural outcome.
We have purchased goods in advance. So, orders to China drop. As a result, the cargo shipments from China to the USA drop in April, May and June.
The absolute key to the first quarter GDP result is to remember that ‘imports‘ are a deduction in the economic equation of Gross Domestic Product. The GDP is the valuation of all goods and services produced in the USA *minus* the value of imports.
The Bureau of Economic Analysis (BEA) releases the results of the first quarter GDP. The overall economic growth seems low at –0.3% until you look at how U.S. companies responded in February and March to the tariff announcement.
Companies proactively purchased massive amounts of products in advance of the tariffs leading to an overall increase in imports of 41.3%. Which results in a 5.3% deduction to GDP. Every dollar of those imports is a deduction to the GDP equation, giving the false appearance of lower domestic production.
There was a massive surge in import goods purchases of 50.9% versus the prior period [Table 1, line 20]. That’s the largest periodic increase in import purchases I have ever seen. Simultaneously, fixed asset investment in equipment for domestic production surged 22.5% [Table 1, line 11].
Put both of these metrics together and what you see are U.S. companies building consumer inventory from overseas (imports) while simultaneously preparing themselves to shift production into the USA. The massive import purchases are a bridge to cover the time needed to shift the manufacturing from overseas to the USA. This is exactly what we want to see.
This thread will refresh daily and appear above the Open Discussion Thread.
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 †
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