Posted originally on CTH on April 29, 2025 | Sundance
Today, in celebration of the most successful first 100 days of any administration in history, President Trump will deliver a speech in Macomb County, Michigan. The anticipated start time is 6:00pm ET. Livestream Links Below:
Chopper pressers are the best pressers. President Trump departs the White House en route to Michigan for a celebration of the economic success seeded in the first 100 days of his administration. As President Trump leaves for the trip, he stops and answers questions from the assembled press pool. WATCH:
Posted originally on CTH on April 29, 2025 | Sundance
Last week CTH noted, “interested political followers in the USA should pay close attention to how the International Longshore and Warehouse Union (ILWA) respond to the corporate media narrative. … Will the International Longshoremen’s Association stand with Trump, or will they drop support as the global trade reset emphasizes domestically manufactured jobs? That will be an interesting aspect to watch because the dockworker union leadership will face massive pressure to comply with the anti-tariff narrative.” (full article)
Yesterday, we got the answer: “The International Longshore and Warehouse Union (ILWU) unequivocally condemns the recent tariffs that the Trump administration has imposed.”
All these moves are so transparently political, it almost makes you laugh. However, that said, we are now in a better position to understand exactly how the Democrats and Deep State operatives will weaponize the supply chain along with their union orcs.
In the next phase of the anti-Trump tariff agenda, approximately 3 months from now it will begin, we will see/hear a constant drumbeat of empty shelves, missing parts and missing products. Whether factually true, or whether the shortages are an outcome of a strategy by the ILWA to assist the shortage narrative, the overall objective will be to blame President Trump for everything from shortages of medicine to shortages of parts to fix, repair or maintain consumer products.
The process looming on the horizon is as predictable as Joe Biden and Pete Buttigieg moving the stalled container cargo ships beyond the horizon so that no one was able to take pictures of the mess they created in the ports. Factually, the last thing the global shipping conglomerates want is for nations to be self-sufficient.
Global supply chains are dependent on extreme ‘globalism’ and, well, ultimately, there are trillions at stake. Imagine the collapsed business models if nations were self-sufficient. Heck, even a small drop in U.S. import purchases has the ripple effect of the shipping companies losing billions in revenue.
Transportation Secretary Sean Duffy would be well advised to assemble a proactive ‘supply chain’ group right now to game out an offset strategy to what we can predictably see coming.
Posted originally on CTH on April 29, 2025 | Sundance
Press Briefing by the White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent on Unleashing Economic Greatness.
Inbound Investments So Far:
Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
Apple announced a $500 billion investment in U.S. manufacturing and training.
NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.
Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.
United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant.
Regeneron Pharmaceuticals, Inc., a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
Chobani, a Greek yogurt giant, announced a $1.2 billion investment to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs — adding to the company’s earlier announcement that it will invest $500 million to expand its Idaho manufacturing plant.
GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory.
AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
ViDARR Inc., a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.
That doesn’t even include the U.S. investments pledged by foreign countries:
United Arab Emirates announced a $1.4 trillion investment in the U.S. over the next decade. Saudi Arabia announced it intends to invest $600 billion in the U.S. over the next four years. Japan announced a $1 trillion investment in the U.S. Taiwan announced a pledge to boost its U.S.-based investment.
Posted originally on CTH on April 29, 2025 | Sundance
After losing to far-left, WEF controlled Mark Carney, Pierre Poilievre swore to stand firm as the leader of the conservative party in Canada. However, as dawn breaks it is revealed that Poilievre lost his own district in the election.
CANADA – Pierre Poilievre, the leader of the Conservative Party, was unseated as the parliamentary representative of his Ottawa district in a stunning upset that could put his leadership of the party in question.
Mr. Poilievre was first elected in 2004 as the member of Parliament representing Carleton, a largely rural district bordering parts of the Ottawa River. His long-held Conservative seat was flipped to the Liberal Party.
Bruce Fanjoy, the Liberal candidate who is a well-known community volunteer but was initially considered a long shot, won the race. (more)
Posted originally on CTH onApril 29, 2025 | Sundance
After spending three months riding his bicycle in slow circles at the bottom of the White House driveway while staring in the windows, it was reported this morning that a frustrated Jeff Bezos would announce his Amazon company would start to label the tariff impact on all products sold by the company.
However, in the angered reaction to President Trump’s tariffs against the majority of his suppliers, what Jeff Bezos likely didn’t realize is the tariff label acts as a “Country of Origin Label” (COOL).
All of the products sold on Amazon that would have tariff cost labeling, are not made in the USA. All of the products without tariff labels would be made in the USA.
Given the nature of American preference toward higher quality products, the “Tariff Label” becomes a DeFacto blacklist. Purchase reviews would proceed accordingly.
WASHINGTON – [T]he e-commerce giant will soon show how much Trump’s tariffs are adding to the price of each product, according to a person familiar with the plan. The shopping site will display how much of an item’s cost is derived from tariffs – right next to the product’s total listed price. (source)
How Amazon could possibly calculate this ‘cost’ given the complex nature and changing dynamics of total cost of production, currency evaluations, subsidies, and countervailing duty offsets, was an unknown. However, as would be predicted, shares of Amazon stock started to plummet, which led to Amazon quickly denying the report.
WASHINGTON, April 29 (Reuters) – Amazon.com denied a report on Tuesday that it planned to disclose the cost that U.S. tariffs imposed by President Donald Trump were adding to its products, after the White House blasted the initial story.
Amazon said Tuesday it never considered listing tariffs on its main retail site, and nothing was implemented on any company site. “The team that runs our ultra-low cost Amazon Haul store has considered the idea of listing import charges on certain products,” a company spokesperson said. (more)
Posted originally on CTH on April 28, 2025 | Sundance
Only President Trump could get the Canadians to vote for an exit to the USMCA, and he did it brilliantly.
To understand President Trump’s position on Canada, you have to go back to the 2016 election and President Trump’s position on the NAFTA renegotiation. If you did not follow the subsequent USMCA process, this might be the ah-ha moment you need to understand Trump’s strategy.
During the 2016 election President Trump repeatedly said he wanted to renegotiate NAFTA, the North American Free Trade Agreement. Both Canada and Mexico were reluctant to open the trade agreement to revision, but ultimately President Trump had the authority and support from an election victory to do exactly that.
In order to understand the issue, you must remember President Trump, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer each agreed the NAFTA agreement was fraught with problems and was best addressed by scrapping it and creating two seperate bilateral trade agreements. One between the USA and Mexico, and one between the USA and Canada.
In the decades that preceded the 2017 push to redo the trade pact, Canada had restructured their economy to: (1) align with progressive climate change; and (2) take advantage of the NAFTA loophole. The Canadian government did not want to reengage in a new trade agreement.
Canada has deindustrialized much of their manufacturing base to support the ‘environmental’ aspirations of their progressive politicians. Instead, Canada became an importer of component goods where companies then assembled those imports into finished products to enter the U.S. market without tariffs. Working with Chinese manufacturing companies, Canada exploited the NAFTA loophole.
Justin Trudeau was strongly against renegotiating NAFTA, and stated he and Chrystia Freeland would not support reopening the trade agreement. President Trump didn’t care about the position of Canada and was going forward. Trudeau said he would not support it. Trump focused on the first bilateral trade agreement with Mexico.
When the U.S. and Mexico had agreed to terms of the new trade deal and 80% of the agreement was finished, representatives from the U.S. Chamber of Commerce informed Trudeau that his position was weak and if the U.S. and Mexico inked their deal, Canada would be shut out.
The U.S Chamber of Commerce was upset because they were kept out of all the details of the agreement between the U.S. and Mexico. In actuality the U.S CoC was effectively blocked from any participation.
When they went to talk to the Canadians the CoC was warning them about what was likely to happen. NAFTA would end, the U.S. and Mexico would have a bilateral free trade agreement (FTA), and then Trump was likely to turn to Trudeau and say NAFTA is dead, now we need to negotiate a separate deal for U.S-Canada.
Trudeau was told a direct bilateral trade agreement between the U.S and Canada was the worst possible scenario for the Canadian government. Canada would lose access to the NAFTA loophole and Canada’s entire economy was no longer in a position to negotiate against the size of the USA. Trump would win every demand.
Following the warning, Trudeau went to visit Nancy Pelosi to find out if congress was likely to ratify a new bilateral trade agreement between the U.S and Mexico. Pelosi warned Trudeau there was enough political support for the NAFTA elimination from both parties. Yes, the bilateral trade agreement was likely to find support.
Realizing what was about to happen, Prime Minister Trudeau and Chrystia Freeland quickly changed approach and began to request discussions and meetings with USTR Robert Lighthizer. Keep in mind more than 80 to 90% of the agreement was already done by the U.S. and Mexico teams. Both President Andres Manuel Lopez Obrador and President Trump were now openly talking about when it would be finalized and signed.
Nancy Pelosi stepped in to help Canada get back into the agreement by leveraging her Democrats. Trump agreed to let Canada engage, and Lighthizer agreed to hold discussions with Chrystia Freeland on a tri-lateral trade agreement that ultimately became the USMCA.
The key points to remember are: (1) Trump, Ross and Lighthizer would prefer two separate bilateral trade agreements because the U.S. import/export dynamic was entirely different between Mexico and Canada. And because of the loophole issue, (2) a five-year review was put into the finished USMCA trade agreement. The USMCA was signed on November 30, 2018, and came into effect on July 1, 2020.
This timeline is the key to understanding where President Donald Trump stands today. The review and renegotiation is his goal.
President Trump said openly he was going to renegotiate the USMCA, leveraging border security (Mexico) and reciprocity (Canada) within it.
Following the 2024 presidential election, Prime Minister Justin Trudeau traveled to Mar-a-Lago and said if President Trump was to make the Canadian government face reciprocal tariffs, open the USMCA trade agreements to force reciprocity, and/or balance economic relations on non-tariff issues, then Canada would collapse upon itself economically and cease to exist.
In essence, Canada cannot survive as a free and independent north American nation, without receiving all the one-way benefits from the U.S. economy.
To wit, President Trump then said, if Canada cannot survive in a balanced rules environment, including putting together their own military and defenses (which it cannot), then Canada should become the 51st U.S state. It was following this meeting that President Trump started emphasizing this point and shocking everyone in the process.
However, what everyone missed was the strategy Trump began outlining when contrast against the USMCA review and renegotiation window.
Again, Trump doesn’t like the tri-lateral trade agreement. President Trump would rather have two separate bilateral agreements; one for Mexico and one for Canada. Multilateral trade agreements are difficult to manage and police.
How was President Trump going to get Canada to (a) willingly exit the USMCA; and (b) enter a bilateral trade agreement?
The answer was through trade and tariff provocations, while simultaneously hitting Canada with the shock and awe aspect of the 51st state.
The Canadian government and the Canadian people fell for it hook, line and sinker.
Trump’s position on the Canadian election outcome had nothing to do with geopolitical friendships and everything to do with America-First economics. When asked about the election in Canada President Trump said, “I don’t care. I think it’s easier to deal, actually, with a liberal and maybe they’re going to win, but I don’t really care.”
By voting emotionally, the Canadian electorate have fallen into President Trump’s USMCA exit trap. Prime Minister Carney will make the exit much easier. Carney now becomes the target of increased punitive coercion until such a time as the USMCA review is begun, and Canada is forced to a position of renegotiation.
Trump never wanted Canada as a 51st state.
Trump always wanted a U.S-Canada bilateral trade agreement.
Mark Carney said the era of U.S-Canadian economic ties “are officially declared severed.”
Canada has willingly exited the USMCA trade agreement at the perfect time for President Trump.
Posted originally on CTH on April 28, 2025 | Sundance
Hat Tip very dear friend of the Treehouse, Zurich Mike.
Switzerland is in a conundrum. More specifically, the Swiss National Bank is stuck betwixt two points that are also playing out in other stable western countries. Exports to the USA account for over ten percent of the Swiss manufacturing base.
The Trump tariffs are putting pressure on Switzerland to drop the value of their currency as an offset to retain competitive pricing. However, simultaneous to the tariffs, the Swiss Franc is being purchased by global investment groups and sovereign foreign countries as a safe harbor due to the stability of the currency, which is driving up the value of the franc.
The Swiss Franc is now at the highest point against the U.S dollar in decades. One franc is worth 1.21 dollars. This makes their exports cost even more. The Swiss government desperately needs to lower the value of their currency. The Swiss central bank has already dropped interest rates to 0.25% and is now contemplating negative interest rates as a result.
SWITZERLAND – […] That is why many are speculating on a reaction from the Swiss National Bank (SNB). SNB Director Martin Schlegel could weaken the currency by selling the Swiss franc against the dollar and euro in order to support the export-oriented economy.
But this could provoke a backlash from Trump if he perceives the SNB’s intervention as currency manipulation. Even during Trump’s first term in office, Switzerland was on the US list of suspected currency manipulators.
[…] Interest rate cuts in the key interest rate are considered a diplomatically safe measure to control the franc. It defines the interest rate at which commercial banks can borrow money from the SNB. “If the SNB is dissatisfied with the strong franc and remains limited in foreign exchange interventions, lower interest rates are the only option,” says Francesco Pesole of Bank ING.
If interest rates go into negative territory, savers will be required to pay the bank for storing their money. “Until 2022, various Swiss banks required their customers to pay negative interest on their accounts.”
Meanwhile in other news from Europe, as the Chinese economy contracts, heavy industrial equipment -once again- becomes useless, the Europeans are worried that China will dump cranes and other industrial equipment into their economy.
BRUSSELS, April 28 (Reuters) – The European Commission said on Monday it had imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices.
The extra duties on Chinese mobile access equipment (MAE) will range from 20.6% to 66.7%, the Commission said, as it sought to protect domestic producers in the EU market worth more than 1 billion euros ($1.14 billion) per year.
The tariffs are the latest in a series of EU anti-dumping and anti-subsidy duties focused on Chinese imports, including a high-profile investigation into Chinese-built electric vehicles, which culminated last October.
The EU executive, which conducted the investigation, said Chinese MAE producers had benefited from preferential financing, grants, state provision of inputs at below-market rates.(read more)
Posted originally on CTH on April 28, 2025 | Sundance
Celebrating the first 100-days, the White House will be hosting cabinet members each day this week to highlight their specific accomplishments in the first 100-days of the Trump presidency.
Today, on Day #99 of the administration, Karoline Leavitt introduces Border Czar Tom Homan to outline border security measures and deportation effort that have been a priority for the Trump administration. WATCH (prompted):
Posted originally on CTH on April 28, 2025 | Sundance
If you never followed how President Obama constructed and influenced the rise of Justin Trudeau in Canada, then it might seem perplexing when President Donald Trump stands generally ambivalent to the outcome of today’s election in Canada.
When asked about the election in Canada President Trump previously said, “I don’t care. I think it’s easier to deal, actually, with a liberal and maybe they’re going to win, but I don’t really care.” The core of President Trump’s position stems from the economic issues that have been present for decades. Leading candidate Mark Carney, who had not lived in Canada for the past 10-years until his installation, has said he is prepared to guide Canada into an alignment with the European Union.
As Secretary of State Marco Rubio outlined, previous Prime Minister Justin Trudeau traveled to Mar-a-Lago and said if President Trump was to make the Canadian government pay reciprocal tariffs, open the USMCA trade agreements to force reciprocity, and/or balance economic relations on non-tariff issues, then Canada would collapse upon itself economically and cease to exist.
In essence, Canada cannot survive as a free and independent north American nation, without receiving all the one-way benefits from the U.S. economy. To wit, President Trump then said, if Canada cannot survive in a balanced rules environment, including putting together their own military and defenses (which it cannot), then Canada should become the 51st U.S state.
The Canadian Mitt Romney “conservative”, Mark Carney’s closest competitor, Pierre Poilievre, is also very upset at President Trump.
As the majority of Canadians cheer, both Mark Carney and Pierre Poilievre said that Canada, as a free independent and sovereign nation, will now embrace its connections to the United Kingdom and European Union and seek to replace their national dependency on the United States by severing ties in North America and entering a new era of close relations with Great Britain and Europe.
When questioned if Canada would join the European Union, a seemingly natural fit for the ideologically aligned country, Prime Minister Carney said, “nothing is off the table.” In a rather remarkable end to the confrontation, Carney says the economic and military ties between the USA and Canada are officially declared severed.
Structurally from an American economic perspective, the lens through which President Trump is primarily focused, it really doesn’t matter which of the leading Canadian politicians wins the election. The financial dependency on the USA is going to be severed.
President Trump hits Canada with an approximately 50% tariff. Let’s say an import widget from Canada costs the purchaser/importer $100 CAD + 50% tariff, now $150 CAD.
$1 CAD = 0.70¢ USD
Without U.S. tariff, it costs $70 USD to purchase the $100 CAD widget.
With the U.S tariff it would take $105 USD to purchase $150 Canadian widget
However, due to economic policy, Canada’s dependence on the USA market and the tariff battle, the Canadian currency drops around 30%. $1 CAD now equals 0.50¢ USD
With currency drop it now costs $50 USD to purchase the original $100 Canadian widget. $75 USD with tariff.
BEFORE: $70 USD without U.S. tariff, or AFTER: $75 USD with 50% U.S. tariff. A net change of $5.
But wait, back to Mark Carney’s plan. As stated in his tariff policy, the prime minister will take income from the Canadian side of the tariff equation (countervailing duties) to subsidize the impacted export sector. Just like China and the EU did in ’17, ’18 and ’19, the Canadian government plans to offset the difference to the U.S. consumer by subsidizing the exporter with import tariff income. All of this is done to retain access to USA consumers.
The final outcome, the U.S. purchaser is back to the original price of $70, only now that same outcome is evident with an invisible $50 tariff.
This is what China tried to do. This is what the EU tried to do. This is what Canada is now planning to do to retain access to the U.S. market while they look for alternatives.
But wait, it gets better….
….. As the Canadian financial sector evaluates the likely drop in the CAD currency, they seek safe harbor investment to retain the value of their money. The reciprocal tariffs are hitting every currency. The Canadian finance sector purchases dollar and dollar-backed assets to retain their value. This approach increases the value of the U.S dollar.
Do you really think President Trump gives a hoot about PM Carney’s feelings? Quite frankly, Trump would not want to be bothered by Canada while he is working on a much, much bigger geopolitical economic dynamic.
Go back and reference the renegotiation of the NAFTA for reference. President Trump didn’t care if Canada (Trudeau/Freeland) agreed or did not agree with the USMCA. Trump was quite willing, heck he was hoping, to just deal with Canada on a bilateral trade system.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America