President Trump heads to Prescott Valley, Arizona for a MAGA rally today.  The event is scheduled for President Trump remarks at 4:00pm with preview speakers in advance.  Livestream Links Below:

RSBN YouTube Livestream – RSBN Rumble Livestream

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Writing on Twitter, Pershing Square CEO Bill Ackman provides his reasoning for supporting President Donald Trump.

Bill Ackman: “A number of my good friends and family have been surprised about my decision to support Donald Trump for president. They have been surprised because my political giving history has been mostly to Democrats, my voting registration has typically been Democrat (in NY, you must be registered to the party in order to vote in the primary, and usually the Republican candidate has no chance to win), and many of our philanthropic initiatives have supported issues that are consistent with Democratic priorities.

All of the above said, I have always considered myself to be a centrist and/or moderate, and I have voted for the candidate and supported the issues and policies that I believe are in the best interest of the country. Some have accused me of supporting Trump because doing so will somehow benefit me financially. Fortunately, I do not need any financial benefits as I and my family have well more than we need. I have also committed to give away the substantial majority of my resources at or by the time I am no longer, so I don’t consider personal financial benefits in the determination of whom I support for office.

Some have suggested that I am supporting Trump because I am seeking a position in his administration. To be clear, I haven’t been offered one and I wouldn’t take a job in the administration (I love my job and it is the wrong time in my life to work in an administration). I will, however, do everything else I can to help the president succeed in helping our country and its citizens.

All of the above said, I am an investor who manages funds that own some of the best, principally American, businesses in the world. In a better governed and managed America, these business will do better and increase in value faster. One might therefore argue that being ‘long’ America is somehow a conflict, so I thought to disclose this potential ‘conflict’ here.

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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 JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

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

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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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Sen. JD Vance (R-OH) holds a campaign town hall in Reading, Pennsylvania. Senator Vance is well positioned to carry the banner of America First after the reelection of President Trump. There is a great deal of enthusiasm in the final 25 days of the campaign.

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Go ahead and make some money.  Elevator Speech: “MAGAnomics is essentially ‘inverse BRICS.'”

Everyone who is a pragmatic critical thinker knows that China will: subsidize their targeted sectors and devalue their currency to lower the tariff impact of exports to the USA. Beijing controls the banks, and they did this before.

As a result, the dollar value increases and imports cost less.

The Chinese imports then enter the USA at a lower price consistent with Beijing’s cost estimate as a tariff offset.  Chinese actuaries are really good at this. China takes in a lower price but retains access to the USA market. That’s just how it works.  The importers pay the tariff with a lowered price with a higher valued dollar. Essentially stasis is achieved in a stand-off.

Then…..

EU industrial products to Chinese manufacturing plants start to contract due to China’s aggressive cost cutting initiatives. The EU gets angry about the impact to their economy and looks for alternatives.  The EU then follows the same path as China and devalues their central bank currency; further pressuring the dollar to an upward price.

Exports to the EU are now more expensive, but imports from the EU to the USA are now cheaper. Again, the EU goal is stasis.

Both scenarios create cheaper USA imports despite the Trump tariffs. However, on the EU side President Trump then ends the Marshal plan and executes a program of “tariff reciprocity” against the EU.  More frustration and gritted teeth by Brussels.

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President Donald Trump will deliver remarks at a rally in Coachella, California, today at 8:00 pm EDT. Livestream Links Below:

UPDATE: VIDEO ADDED

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Florida Governor Ron DeSantis has initiated an emergency fuel service in the central and western Florida regions impacted by Hurricane Milton.  Fuel is the lifeblood of all recovery efforts.

The program is for several areas to have tanker trucks that can pump directly to consumers.  Each resident who can go to the fuel distribution center will get 10 gallons of gasoline free, either in their gas cans or into their vehicle gas tank.   Distribution will be made in Port Charlotte, Pinellas, Sarasota and Hillsborough counties, with more on the way.

Additionally, 50 highway patrol vehicles have been assigned escort duty to assist fuel tankers getting quickly to gas stations in the needed areas.  There are a few videos below outlining the emergency distribution:

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Additionally, FEMA has extended the full reimbursement for debris removal to a 90-day window.  This will help municipal areas quickly get their contractors working to remove debris.

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MAGA for every segment of the USA population.  We are a united nation and interestingly President Trump’s policy proposals are targeted to the benefit of every American.   Not subsets, not divided policies targeted on race, class or creed, but rather policies that are of benefit to every American.  We saw this rising economy in Term-1 and we can see it again in Term-2. No question.

President Trump will be campaigning in Nevada (4pm) and California (8pm) today.

President Trump carries the message to a Latino audience in Las Vegas, Nevada.  Anticipated start time 4:00pm ET with livestream links below:

RSBN YouTube Livestream – RSBN Rumble Livestream 

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Our analysis of U.S. consumer prices in 2019 showed that prices of imported goods actually declined despite import tariffs. A 2024 report from CPA takes a look at the impact to Chinese exports to the U.S.  [SEE DATA HERE] Bottom line, the tariffs worked to reduce Chinese imports.

2024 CPA – […] Since the Section 301 tariffs were imposed, the share of imports from China has steadily declined from 21.6% in 2017 the year prior to the tariffs to 16.5%, a decline of 5.1%. No other country has lost as much share of total U.S. import penetration over the past five years.

In terms of total import value, Mexico gained the most from the tariffs, adding $110.8 billion. Vietnam gained the second most in import value by $78.4 billion and by far gained the most of total share of U.S. imports. In 2017, Vietnam accounted for about 2% of U.S. imports at $46.5 billion. In 2022, the U.S. imported $127.5 billion in goods from Vietnam, and the share of the total nearly doubled to 3.9%. Other countries in Southeast Asia such as Thailand, Cambodia, and Indonesia all saw significant increases in their value of imports by the U.S. (read more)

With the 2024 election rapidly coming, it is worth revisiting the actual tariff outcome to American consumers in order to dispel the popular myths about tariffs raising prices here at home.  This might be the cited data you want to bookmark.

It was the Fourth Quarter of 2019…..

Right before the pandemic would hit a few months later, despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them said Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation – it just wasn’t happening!

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