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Modern Economics: Trumponomics, Politics and The Import Export Bank…

President Trump has expressed support for the continuation of the Import/Export bank. This has seemingly shocked a few people from conservative circles because the modern conservative doctrine has been to oppose the I/E bank.

However, Trump’s position hopefully does not come as a surprise to CTH readers because we identified a year ago how President Trump’s economic policies would seek to refocus the original intent of the Import Export Bank.

The key aspect is to return the IE to its “original intent“; not the bastardized Wall Street construct that exists today as a result of corrupt DC economic policies driven by the Wall Street’s legislative priorities purchased by multinational banks and corporations.

For more than three decades Wall Street has corrupted the economic policies emanating from DC.  The corrupted economic policy created the two economies previously discussed and the disconnected the engine of Main Street from Wall Street.  Yes, we originally shared this discussion in April of 2016, a year ago:

In 2009 the popular conservative opinion was to declare the Supreme Court’s Citizens United decision a win for “our side“. Of course, the decision ultimately opened the floodgates for unlimited corporate spending in elections via the new Super-PAC approach.

In 2016 90% of all American’s polled believe there is too much special interest money in politics, and both political parties no longer need the financial support of the electorate. Corporate lobbyists were always problematic, but now in a post CU world they control almost every aspect of electoral politics – including who wins elections. Citizens United wasn’t a win, its consequence was a major fail.

Within that reality you find one of the synergies between candidate Donald Trump and former candidate Bernie Sanders. The popular insurgencies supporting each candidate rail against the corrupting corporate financial influence. Party leadership? Meh, not-so-much.

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President Trump Thanks Responding Units From I-85 Collapse in Georgia…

President Trump met earlier today with the first-responders from the I-85 collapse in Georgia, along with Secretary of Transportation Chao.  President Trump wanted to thank the local emergency crews and the engineers who responded immediately.

[Transcript] 2:26 P.M. EDT – THE PRESIDENT:  Thank you, everybody.  Sit down, please.  Come on, get up here with me, everybody.

CHIEF BAKER:  Sir, I bring you greetings on behalf of our honorable mayor, Mayor Kasim Reed.  And our men and women of the Atlanta Fire Rescue Department would like to present you with a token of our appreciation.

THE PRESIDENT:  That is beautiful.  I think I should leave it right here, right?  It fits so well.  Thank you.

CHIEF BAKER:  Thank you, sir.

THE PRESIDENT:  Thank you very much.  I didn’t know I was going to get such a nice — that is fantastic.  Thank you, how are you?

CHIEF BAKER:  I’m fine, sir.

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Trump Doctrine: America First – Officials Briefing on Syria, North Korea and China…

A background briefing transcript from yesterday might aid in larger understanding of White House policy and strategic objectives toward Syria, Russia, North Korea and China.

[Transcript] – SENIOR ADMINISTRATON OFFICIAL:  (In progress) — on the relationship between the leaders of the United States, our President and Premier Xi, and then applying that newly formed relationship to complex problem sets from the Middle East to Northeast Asia, and then a result in the United Nations, it helps advance our mutual interests and the interests of all civilized people.

So I think it’s difficult to portray this as anything but a really great week for our citizens and the United States.

♦  Q    Thanks so much.  Japanese media is reporting that the USS Carl Vinson is in operations with the Japanese naval forces.  As you know, they have a (inaudible.)  What happens if there is a confrontation this week between North Korean forces and Japanese and U.S. forces?  And how will you prevent this from spiraling into a broader military conflict?

SENIOR ADMINISTRATON OFFICIAL:  Well, as you heard from the President many times, we’re not in the business of trying to predict with a high degree of certainty precisely what our response is going to be.

I think what we demonstrated last week was the ability of the President’s national security team to come together, convened by the National Security Council, to look at events such as those that might occur on the Korean Peninsula, quickly analyze those events, place them in context with U.S. vital interests, establish objectives that protect American citizens and advance our interests, and then develop and present the President with options.

So we have a team that is, I think, particularly adept at doing that.  And if there were to be continued destabilizing and aggressive behavior by the North Korean regime, that’s how the national security team would respond. (more…)

Secretary Scott Pruitt Visits Western PA Coal Country…

You might have noticed that China halted coal imports from North Korea, specifically the type of coal used for making steel known as coking coal.   The Chinese decision was made following a meeting between President Trump and President Xi Jingping in Florida.

[…] To make up for the shortfall from North Korea, China has ramped up imports from the United States in an unexpected boon for U.S. President Donald Trump, who has declared he wants to revive his country’s struggling coal sector. (link)

That’s the backdrop for a visit today by EPA Administrator Scott Pruitt to Western Pennsylvania coal country.  Subtle, like a brick through a window, but still the media won’t discuss it.

SYCAMORE, Pa. – U.S. Environmental Protection Agency Administrator Scott Pruitt visited the Harvey Mine in Sycamore, Pa., today, to meet with coal miners and announce EPA’s Back-to-Basics agenda. The agenda reinforces Administrator Pruitt’s commitment to refocusing EPA on its intended mission, returning power to the states, and creating an environment where jobs can grow.

“What better way to launch EPA’s Back-to-Basics agenda than visiting the hard-working coal miners who help power America. The coal industry was nearly devastated by years of regulatory overreach, but with new direction from President Trump, we are helping to turn things around for these miners and for many other hard working Americans,” said Administrator Pruitt. “Back-to-Basics means returning EPA to its core mission: protecting the environment by engaging with state, local, and tribal partners to create sensible regulations that enhance economic growth.”

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Trump Military Drops 10 Ton Bomb on Eastern Afghanistan ISIS Caves…

Today the U.S. Military carried out a precision-guided pin-prick bomb drop in Eastern Afghanistan carefully avoiding collateral damage…. LOL, JUST KIDDING..

…Trump just bombed the shit out of ISIS!

For the first time in combat, the U.S. Military dropped a 21,000 lb MOAB (Mother of All Bombs).  The official name of the weapon is the Massive Ordinance Air Blast Bomb, and it has never been used before in combat. It was tested by the U.S. in 2003.

The caves and tunnels in the Afghanistan province of Nangarhar have been particularly dangerous as ISIS fighters use them to nest their activity and launch attacks.  The 30 foot long, 10-ton MOAB detonates in the air and creates a concussive shock wave that blasts the ground and travels through the caves. (more…)

Sean Spicer White House Press Briefing – 1:30pm Live Stream…

Press Secretary Sean Spicer conducts the White House press briefing from the Brady Room for April 13th 2017:

UPDATE – Video Added:

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Holy Thursday

At the end of the liturgy on Holy Thursday evening, in every Catholic Church around the world, the Blessed Sacrament is removed to the altar of repose, the altar is stripped, the church is bare, empty. Tomb-like. It is a striking and heartbreaking tradition, and I make sure to attend each year, to allow my heart to break, my tears to fall, my spirit to be clouded in gloom and dread, preparing for Good Friday, and Christ’s passion.

My purpose in sharing this video is to encourage those of you who let Easter sneak up on you, without much thought beforehand, to find your own ways to open your heart and experience the pain of Holy Thursday and Good Friday. Perhaps dedicate an hour to prayer and scripture. Go to a church and wait with Jesus during the hours of 12 to 3. Give alms. Go to a Good Friday service. Fast. Cut off the phones, televisions, computers.

Observing these two solemn days of the Christian calendar will make your Easter more meaningful, and enrich your faith.

Please feel free to share your church and family’s way of observing the coming of our Lord’s Passion and Death.

And please, respect the spirit and purpose of this post as a time to share here only those things pertaining to the coming Passion of our Lord.

April 13th – 2017 Presidential Politics – Trump Administration Day #84

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.

trump-president-3

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Sean Spicer Twitter @PressSec

Thursday April 13th – Open 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 †

President Trump Interview With Maria Bartiromo…

Yesterday President Trump gave an interview to Fox Business host Maria Bartiromo.  The interview aired earlier today (4/12/17).

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