President Trump Meets With CEO’s of Small and Community Banks…


Source: President Trump Meets With CEO’s of Small and Community Banks…

Obama “Furious” With Trump Over Wiretapping Allegations


Tyler Durden's picture

In a report demonstrating the collapse in diplomatic relations between the current and previous president, the WSJ wrote overnight that rapport between Barack Obama and Donald Trump has “unraveled” with Trump “convinced that Mr. Obama is undermining his nascent administration” while Obama is “furious” over Trump tweets accusing him of illegal wiretapping. The WSJ notes that after shaking hands on Jan. 20, the day of Trump’s inauguration, the two presidents haven’t spoken since, “although Trump tried to call Obama to thank him for the traditional letter that one president leaves for his successor in the Oval Office.” The reason: Obama was traveling at the time and the two never connected.

As an amusing aside, the WSJ adds that the rift is distancing Mr. Trump from a former two-term president “who had offered to give private advice and counsel as the onetime businessman settles into his first job in public office.” Of course, if Trump is correct and Obama did in fact order a wiretap of the Trump Tower, Obama was actively seeking to impair the Trump campaign and chances for presidency, so that statement may seem a little suspect in retrospect.

Accuracy of the report notwithstanding, it is obvious that the bad blood between the two people has grown to unprecedented levels:  Douglas Brinkley, a presidential historian, said the open friction has upended tradition, an “almost unwritten rule that you treat your predecessor with a degree of grace and decorum.”

“There are these kinds of things that have happened in the past, but nothing to the degree where a sitting president would charge his predecessor with a felony,” Mr. Brinkley said. “It creates a feeling of instability in the United States.”

Whether real or imagine, Trump and other White House officials believe that Obama loyalists sprinkled throughout the federal bureaucracy are behind leaks that are damaging his personnel, White House officials said. A spokesman for Mr. Obama wouldn’t comment to the WSJ on the claim. In fact, as NewsMax CEO Christopher Ruddy, a friend of Mr. Trump who sees him on weekends at the president’s Mar-a-Lago, said in an interview: “From what I’m hearing, Trump’s people think Obama is at war with them.”

“This president has been under siege since Day One from both the press and Obama loyalists and he’s reacting to it,” Mr. Ruddy said. “I don’t think there’s any doubt that Obama loyalists inside the administration and outside are giving Donald Trump a lot of grief and a lot of problems.”

As is well-known by now, the animosity between Trump and Obama hit a climax last weekend, when Trump responded to recent allegations of ties to Russia by tweeting “How low has President Obama gone to tapp my phones during the very sacred election process. This is Nixon/Watergate. Bad (or sick) guy!”

Keeping a low profile in post-presidency, Obama – who is currently writing a book for which he will receive tens of millions in proceeds – had decided he wouldn’t respond to every intemperate Trump tweet, an aide said. “But he was livid over the accusation that he bugged the Republican campaign offices, believing that Mr. Trump was questioning both the integrity of the office of the president and Mr. Obama himself, people familiar with his thinking said.”

Ironically, as the WSJ adds, Obama had been critical of leaks when he was president, specifically those related to the Federal Bureau of Investigation’s probe into the email use of Mrs. Clinton, his former secretary of state. “He was very quick to condemn it then and obviously his silence now is notable,” one White House official said Tuesday. Obama, in an interview with the mobile news outlet NowThis News just days before the November election, said that when it comes to investigations “we don’t operate on innuendo, we don’t operate on incomplete information, we don’t operate on leaks—we operate based on concrete decisions that are made.”

For now, Trump’s attacks on Obama continue, first responding to a Fox News report yesterday when he claimed incorrectly that a number of Guantanamo Bay detainees who returned to the battlefield were released under Mr. Obama’s watch (most were released under President Bush), followed by calling Obamacare “a total disaster” and said Mr. Obama had allowed Russia to grow “stronger and stronger” over eight years in office.

So far, Obama and his spokesman have not responded to those tweets; it is unclear how long the former president can hold his silence.

Trump Effect: ADP Employment Surges Near Most In 6 Years On Record Goods-Producing Job Gains


Tyler Durden's picture

Following January’s surge in employment (biggest gain in 7 months), February’s ADP print exploded higher to 298k (5 sigma above all expectations). This is the third biggest monthly employment gain of the expansion. It appears the ‘Trump Effect’ is the biggest driver as the ADP payroll surge was mostly due to a record surge in employment for goods-producing industries.

Private sector employment surged by 298,000 for the month, with goods producers adding 106,000. Construction jobs swelled by 66,000 and manufacturing added 32,000.

3rd best month of the recovery:

 

This is 5 standard deviations above the 187k expectation….

 

Led by a record surge in goods-producing jobs…

 

The details:

 

“Confidence is playing a large role,” Mark Zandi, chief economist of Moody’s Analytics, told CNBC. “Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.”

March rate-hike odds were 98% going into ADP and we suspect it will uptick from here.

“February proved to be an incredibly strong month for employment with increases we have not seen in years,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Gains were driven by a surge in the goods sector, while we also saw the information industry experience a notable increase.”

Mark Zandi, chief economist of Moody’s Analytics said, “February was a very good month for workers. Powering job growth were the construction, mining and manufacturing industries. Unseasonably mild winter weather undoubtedly played a role. But near record high job openings and record low layoffs underpin the entire job market.”

Some more visual details:

Change in Nonfarm Private Employment

 

Change in Total Nonfarm Private Employment

 

Change in Total Nonfarm Private Employment by Company Size

Full Breakdown:

Except we didn’t riot, assault people and burn things…


We were more civil about it but them we are civilized and they are not — that’s why they get along so well with the Muslims.

Now, THAT would have been really funny…


Well the only good thing was that the two radicals sat together so they didn’t have to pan to find them.

It Begins: Wendy’s Installs Robots in 1,000 Stores to Counter Minimum Wage


If operating costs go up you have two choices — one reduce costs — two raise prices. In a competitive market like fast food raising prices is not an option, but automation is.

Ryan Owen RIP: Why Were Record High Numbers of U.S War Dead and 20K Wounded Troops Under Obama IGNORED by Democrats and Leftwingers?


Most Veterans know that Democrats don’t like us, we fight for the Constitution not them for the Democrats want to get rid of it.

YES SHE CAN!


Oprah did very well because she connect with the women, and do one can say that she did do very well for herself. Could she run for a political off, sure but could she win, I don’t know her skill set is different than trump and Hillary so there really is no way to know. The issue would be what would be her message — running to be the first woman President didn’t work for Hillary because she had no message. No message and you lose!

LEFTISTS READ FROM SCRIPTS AT TOWN HALL IN IOWA


Leftists or Progressives don’t have good memories — a problem they have from using too many drugs.

VIDEO: MICHAEL MOORE CALLS POTUS “SICK” FOR HONORING VETERAN


More doesn’t even make sense when he talks I bet he did a lot of drugs when he was younger — but then maybe he still does!