Tag Archives: 2020 State of the Union

Sep 5 2020

August Jobs Report: 1.4 Million Jobs Recovered, Unemployment Rate Drops to 8.4 Percent…


Posted originally on the Conservative Tree House on September 4, 2020 by 

The Bureau of Labor Statistics (BLS) highlights the August jobs report today and both measures (Household Survey and Establishment survey) show a remarkable recovery underway from the COVID-19 crisis.   Overall, 1.4 million jobs were recovered and the national unemployment rate drops to 8.4%.

Most economists did not predict the unemployment rate would drop into single digits until next year.  However, the historically accurate household survey shows 3.8 million people recalled, returned or found jobs; with 2.8 million saying they were no longer unemployed.

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Despite the ongoing challenges there is good news for the most heavily impacted sectors of the economy: leisure and hospitality. Well over half of those jobs lost have been recovered. In the past four months 3.6 million jobs have been gained in this sector. Employment in food services and drinking places is still down by down by 2.5 million since the peak in February but the gain is significant and reflects a “V-shaped” recovery ongoing.

All sectors of the economy are gaining jobs back at a remarkable rate; and the key demographics are benefiting in proportion to the initial COVID-19 impact. [BLS Report HERE]  With the expiration of the “extra” federal unemployment benefits at the end of July, the negative incentive has been removed; more people are stepping back into the workforce.

“This was a strong report that shows the recovery remains on track,” said Joel Naroff of Naroff Economic Advisors. “The labor market has come back faster than expected and we are seeing improvement in all segments of the economy and the workforce.”  (MSM Link)

 

 

 

Sep 4 2020

President Trump MAGA Rally in Latrobe Pennsylvania – 7:00pm ET Livestream…


Posted originally on The conservative tree house on September 3, 2020 by 

Back in rally mode, tonight President Donald J. Trump will be holding a campaign rally at Arnold Palmer Regional Airport in Latrobe, Pennsylvania. President Trump is expected to speak at 7:00pm ET with pre-rally speakers beforehand.

Donald Trump Campaign Livestream – RSBN Livestream Link – Fox News Livestream

 

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Aug 26 2020

The Trump Bull Market


Anyone who has seen my cartoons knows I support Trump and his re-election. Biden and Kamala would be a disaster for our country. However, I don’t always agree with the president and before we at GrrrGraphics begin producing a Republican Convention cartoon extravaganza, I thought I would temper it with a bit of criticism.

When Trump brags about the stock market going up and making new highs, I cringe. This is not a healthy stock market based on logic, earnings, or a healthy economy. The market has disconnected itself from capitalism and a true value discovery.

What’s really going is a Federal Reserve takeover of our economy. What we’re seeing is a monumental transfer of wealth from the have nots to the haves. It widens the gap between a few money lords and the vast majority of We, The Serfs. Before you say I sound like Bernie Sanders, this isn’t about class warfare, but it is about destroying what’s left of the middle class. It makes it easier for the illuminati and their point man, George Soros, to usher in their tyrannical socialism.

Leaving no good crisis unused, they’re leveraging the ‘plannedemic’ to help globalist corporations get fabulously wealthier and more powerful while the smaller businesses—the Mom and Pop middle class–are crushed. The Fed has poured in nearly $7 trillion into the stock market this year alone–and while it does help out those with 401ks as Trump says, it mostly helps those at the very top of the pyramid the most. Amazon’s Bezos has raked in countless billions of dollars has his company makes new highs. Apple has a two trillion dollar market cap. Tesla has the largest market cap of any auto company, even if their sales don’t justify it. Elon Musk is favored by the “Green New Deal” illuminati, so he gets propped up while competition gets stamped out.

The Federal Reserve, in a fascistic manner, gets to funnel money toward favored companies while revenue for small businesses is down 30 percent. The Fed creates money from thin air and keep ‘their’ stock market bull moving up, thus making the fabulously wealthy central bankers and the handful of powerful families at the top who own the Fed gets fabulously wealthier and more powerful. The top 1 percent already owns nearly 40 percent of the stock market. The rest of us get to pay for the bubble through inflation. Have you noticed how expensive food has become? Yet we don’t get to share in the money-glutted stock market. Has the Fed sent you a share of Amazon or Apple? Of course not. Yet we pay for their robbery through the massive creation of debt. It’s always the same—the powerful screw over the powerless. We’ve already passed the point of no return with the national debt (now nearing $27 trillion) and every few seconds another $100,000 is added to it.

https://www.usdebtclock.org

Many Americans can’t afford to participate in the stock market bubble. They’re too busy worrying about how to pay their rent while the rich are getting incredibly richer by ill-gotten means. This is something Trump should consider before he brags about new stock market highs.

—Ben Garrison

Aug 26 2020

U.S. Tightens The Noose By Initiating Snapback of UN Sanctions Against Iran


“When the U.S. sanctions were violated, we enforced them. When UN sanctions are violated, we’re going to do everything we can to enforce them as well”

Joseph A. Klein, CFP United Nations Columnist image

Re-Posted from the Canada Free Press By  —— Bio and Archives—August 25, 2020

U.S. Tightens The Noose By Initiating Snapback of UN Sanctions Against Iran

The United Nations Security Council disgracefully rejected the U.S. initiative to extend the UN arms embargo against the Iranian regime beyond its current expiration this October. As the U.S. Ambassador to the UN Kelly Craft said at the time on August 14th, “the United States stands sickened – but not surprised – as the clear majority of Council members gave the green light to Iran to buy and sell all manner of conventional weapons. History will easily trace the path of leadership in this era, and unfortunately it will not go through the UN Security Council.”

Iranian Defense Minister General Amir Hatami made the Iranian regime’s malevolent intentions crystal clear. “We have made it known that we are ready to provide high-quality and appropriately-priced weapons and equipment to countries that need this,” he said on August 18th.

Iran: World’s leading sponsor of terrorism

Ambassador Craft promised that the United States would not give up trying to prevent the world’s leading sponsor of terrorism from gaining unfettered access to the global arms market.

UN Security Council Resolution 2231, which endorsed the disastrous nuclear deal with Iran known as the Joint Comprehensive Plan of Action (JCPOA), lifted various nuclear-related UN sanctions against Iran that had been imposed in previous Security Council resolutions. The Security Council took this major UN sanctions relief step upfront in contemplation of the Iranian regime’s continuing compliance with its commitments under the JCPOA. Resolution 2231 provided a mechanism for those previous resolutions, with their accompanying prohibitions imposed on Iran, to “snap back” in the event of Iran’s breach of the JCPOA.

Iran has committed multiple material breaches of its JCPOA commitments relating not only to arms transfers and missile tests, but also to its core nuclear-related commitments regarding nuclear enrichment levels and access for international inspections. As one of the original participants in the process leading up to the full implementation of the JCPOA in reliance on Iran’s commitments, the United States has every right to initiate snapback of the provisions of previous Security Council resolutions that had been in place prior to January 2016, regardless of whether the U.S. has the support of other countries that are parties to the JCPOA or otherwise.

On August 20th, Secretary of State Mike Pompeo personally delivered letters to both UN Secretary General Guterres and to the president of the Security Council initiating the snapback process, leading to the restoration of virtually all UN sanctions on Iran lifted under UN Security Council Resolution 2231. “America will not appease,” Secretary Pompeo told reporters at UN headquarters in New York. “America will lead.”

U.S. has not violated any legally binding obligations imposed by Resolution 2231

The snapback is supposed to take effect in 30 days from notification of an issue involving “significant non-performance of commitments under the JCPOA,” according to the process outlined in Resolution 2231, unless a Security Council member or the President of the Security Council introduces a draft resolution beforehand that is passed to extend the sanctions relief on Iran. Such a draft resolution would not pass, however, as long as President Trump remains in office. The United States would be able to veto such a draft resolution, allowing the snapback to proceed into effect automatically.

Opposition to the U.S. initiative from China and Russia is to be expected. It is disappointing to say the least, however, that the Western European permanent members of the Security Council, France and the United Kingdom, have also come out publicly against the U.S. on invoking the snapback process. Then again, Western European countries are not known for their moral courage when potentially lucrative commercial deals are at stake.

The critics of the U.S. snapback initiative claim that the U.S. has no authority to invoke it after withdrawing from the JCPOA. The critics are wrong. The JCPOA itself is a non-binding political document that was not even signed. Security Council Resolution 2231’s endorsement of the JCPOA does not convert a non-binding political document into a legally binding agreement. If the U.S. decided, as it did for national security reasons, to reimpose its own unilateral sanctions, the U.S. has not violated any legally binding obligations imposed by Resolution 2231. However, what Resolution 2231 did do is to legally condition the lifting of United Nations sanctions that the Security Council had previously imposed on Iran upon Iran’s meeting of its JCPOA commitments.

The United States is identified in Resolution 2231 as one of the “JCPOA Participants.” The U.S.’s “participant” status under Resolution 2231 derives solely from its original active participation in the negotiation, finalization and implementation of the JCPOA. Resolution 2231 sets no other qualifications or conditions on the original or continuing eligibility of such specifically identified JCPOA Participants to initiate a snapback.

Attempt by China, other UN Security Council members to change the explicit text of Resolution 2231 with hollow declarations is meritless

The U.S. could have vetoed Resolution 2231 because of the provisions lifting the previous UN sanctions but did not do so in reliance upon Iran’s commitments to abide by the terms of the JCPOA. Absent an amendment to the resolution to delete the United States as a JCPOA participant state after President Trump withdrew the U.S. from the nuclear deal in May 2018, which the Security Council never adopted, the U.S. maintains its original standing to initiate a snapback.

In short, the snapback provisions of Resolution 2231 are keyed to Iran’s JCPOA non-performance, not to the performance or non-performance of any other JCPOA Participant.

“[T]he United States” and any other “JCPOA participant State” may initiate snapback. Operative paragraph 11 of Resolution 2231 sets out the requirements for initiating snapback. Those requirements are that (i) a “JCPOA participant State” (ii) notify the UN Security Council (iii) of an issue it believes constitutes “significant non-performance” of commitments under the JCPOA. That has been done, and the snapback clock is ticking.

The attempt by China and other UN Security Council members to change the explicit text of Resolution 2231 with hollow declarations is meritless. China and Russia also attempted to enlist the current president of the Security Council in essentially ignoring the U.S. notification, as if somehow that would make the notification disappear or render it null and void. Indonesia’s UN Ambassador Dian Triansyah Djani, Security Council president for August, went along with the scheme. In his capacity as Security Council president, he said that he was “not in the position to take further action” on the U.S. snapback notification. Ambassador Djani said that there was no consensus in the Council supporting the U.S.’s move. Ambassador Djani should go back and read Resolution 2231 in detail. While a consensus may be desirable, no consensus is required for the snapback to take effect.

Simply ignoring the U.S. notification as if it did not happen will have no legal effect in stopping the snapback from taking effect

Dmitry Polyanskiy, Russia’s First Deputy Permanent Representative to the UN, tweeted what he viewed to be the result of the Security Council president’s decision to take no action: “It means, there is NO SNAPBACK.”

Wrong! The president of the Security Council does not have authority under Resolution 2231 to decide on whether the United States’ snapback notification is valid or not. He is authorized to introduce a draft resolution for a vote by the Security Council to keep the sanctions relief provisions of Resolution 2231 in place, which the United States can then veto. Simply ignoring the U.S. notification as if it did not happen will have no legal effect in stopping the snapback from taking effect.

When asked by reporters at the UN about sanctions enforcement, Secretary Pompeo would not get ahead of President Trump’s decision. “But you just need look no further than the history of the last two and a half years,” Pompeo said. “When the U.S. sanctions were violated, we enforced them. When UN sanctions are violated, we’re going to do everything we can to enforce them as well.”

Aug 26 2020

Premier Liu He and USTR Lighthizer Discuss Renewed Phase-1 Deliverables…


Posted originally on The Conservative tree House  on August 25, 2020 by 

United States Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and China’s Vice-Premier Liu He release a joint statement showing renewed emphasis on phase-1 purchases.

Washington, DC – Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China’s Vice Premier Liu He to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer.

 

The parties also discussed the significant increases in purchases of U.S. products by China as well as future actions needed to implement the agreement. Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement. (link)

This is interesting timing. In the foreground President Trump has openly stated he was/is not seeking further trade discussions with China. However, in the background if China does not meet the $75 billion phase-1 purchases, then a set of automatically triggering tariffs kick-in…. so it is in China’s interest to engage.

This trade leverage, combined with President Trump’s willingness to completely decouple from China…. combined with tariffs against China being favored by President Trump… explains the position of the administration.  Do nothing and tariffs kick back in.

According to Reuters analytics China has only purchased $7.3 billion in agricultural products through the first half of the year. The phase-1 agreement (tariff avoidance) requires $36.5 billion in purchases for 2020.

Additionally, in the energy sector: “China bought only 5% of the targeted $25.3 billion in energy products from the United States in the first half of 2020. Chinese state-owned oil firms have booked tankers to carry at least 20 million barrels of U.S. crude for August and September.” [Reuters Link] Again, if China doesn’t meet the agreement threshold the suspended tariffs return in full force.

It looks like Vice-Premier Liu He is attempting to head-off the re-institution of tariffs due to phase-1 purchases falling below the agreement; thus Beijing is trying to avoid the built-in tariff penalty aspect.

…If you plant your trees in another man’s orchard, don’t be surprised when you have to pay for your own apples…

Aug 25 2020

Republican National Convention – RNC Live Coverage


Day 1 Land of Promise

Right Side Broadcasting image

Re-Posted for the Canada Free Press By  —— Bio and Archives—August 24, 2020

Land of Promise, Speakers include former U.N. Ambassador Nikki Haley, RNC Chair Ronna McDaniel, Donald Trump Jr., and Sen. Tim Scott, R-S.C.

Aug 24 2020

Kellyanne Conway Announces Departure from White House…


Posted originally on The Conservative Tree House on August 23, 2020 by 

Citing a need to renew focus on her children, White House advisor Kellyanne Conway has announced her departure from the administration:

STATEMENT: The past four years have allowed me blessings beyond compare as a part of history on Election Night 2016 and as Senior Counselor to the President. It’s been heady. It’s been humbling.

I am deeply grateful to the President for this honor, and to the First Lady, the Vice President and Mrs. Pence, my colleagues in the White House and the Administration, and the countless people who supported me and my work. As many convention speakers will demonstrate this week, President Trump’s leadership has had a measurable, positive impact on the peace and prosperity of the nation, and on millions of Americans who feel forgotten no more. (read more)

Aug 20 2020

Manipulation – Confusion – Election Jitters


Armstrong Economics Blog/Economics

Re-Posted Aug 20, 2020 by Martin Armstrong

QUESTION: Greetings Martin

I hope family is doing well. Your latest PB mentions the organized effort by gates and world economic forum to manipulate the entire world.

All of your past teachings have always said that No one can manipulate the World markets as “even Buffett couldn’t corner silver.” Even when they asked you to go in with them in Russia and they had the world bank on their side. Still failed.

So if they are manipulating this extremely organized effort do we think It will succeed? And if It does or doesn’t do you have suggestions for your subscribers as to where the hell we should go?

Like all of your readers I am MUCH!! Less concerned about Covid and Much more concerned about civil unrest and taxation etc

I work and live in NYC🙈🙈🙈

Everything you’ve written has occurred. I awake at night in panic about what to do. Just sell my practice and move to another state/country is a frequent conversation of my wife and I.

Leaving a buisness behind is one hard thing – leaving my other family members behind another. But we are willing to do whatever is best.

You had mentioned that you are going to release an update on places etc

Do you know when this may occur?

Normally I am concerned with equity markets but Socrates has done a great job of keeping us in the market to the long side even when all looked hopeless. Now with all of the “day traders” thinking its 1999 is It time to get a bit defensive as we head into the election cycle?

Much thanks as always!! You may know how much you help all of us, BUT I want you to hear It again. We All Thank you!!

Regards,

JCL

ANSWER: I do not see this attempted manipulation of the world economy as being successful. They are truly out of their minds, but they are a bunch of academics and billionaires who have never walked out of the street and dared to speak to one of the great unwashed. To them, we are all just pawns of finance too stupid to understand what their super-human minds are capable of seeing the future. However, sometimes a pawn can take down a king.

Leaving the cities like New York is ultimately the smart thing to do. However, it all depends on the election. If Trump wins there will probably be more violence from the usual characters. The Democrats have promised to bail out the states if they keep people locked down and unable to vote when possible other than mail. If Trump wins, those states will be hard-pressed for destroying their economies on a wish and a prayer.

The problem you have is that property values will decline in the cities. They are rising even in North New Jersey with people coming in and bidding over asking price. You can at least hedge your bets by trying to sell and rent until you see what happens. At least then you will be in a better position to leave faster.

This is certainly dividing families. Some refuse to think it can get worse. They want to be optimistic. My old professor said two people were standing on the top of the World Trade Center and a gust of wind blew them both off. The pessimist immediately started praying to be forgiven for his since. The optimist, as he was passing the fourth floor, said: Well so far so good!

Just try to be nimble. It is hard to leave – I know. Elizabeth Warren lays it out. They are playing to change America into a socialist country that has failed whenever it has been attempted.

 

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Elizabeth Warren

 

Friends —

This is our moment. Our moment to decide who we are as a country. Our moment to dream big and fight hard. And yes, our moment to win this battle for the soul of our nation.

But understand this: to make real progress towards social, racial, and economic justice, we have to win big in November. And we can only do that if we work — and persist — together.

As far as the markets go, the indexes are being propelled by a very select few stocks. The broader market is better reflected by the Russel 2000. There is always the risk that summer rallies end up in October panics.

Aug 14 2020

Defending The “Defender In Chief”: John Yoo On Trump’s Fight For Presidential Power


An Interview with John Yoo

Monday, August 3, 2020

On the occasion of his new book, Defender in Chief: Donald Trump’s Fight for Presidential Power, Hoover visiting fellow and Berkeley Law School professor John Yoo joins the show to make a spirited case against the criticisms of Donald Trump for his supposed disruption of constitutional rules and norms. The conventional wisdom is that Donald Trump is a threat to the rule of law and the US Constitution. Mainstream media outlets have reported fresh examples of alleged executive overreach or authoritarian White House decisions nearly every day of his presidency. In the 2020 primaries, the candidates have rushed to accuse Trump of destroying our democracy and jeopardizing our nation’s very existence. In his book and on this show, John Yoo argues the opposite: that the Founders would have seen Trump as returning to their vision of presidential power, even at his most controversial and outrageous. It’s a fascinating and often humorous discussion that could not be more timely.

Recorded on July 29, 2020

Jul 26 2020

Unhyphenated American Lloyd Marcus is gone—but the Trump Train He Created Rides On


“This is what we are up against, folks. A large percentage of the country get their news from mainstream (fake news) media. Consequently, they are clueless regarding many important issues. In many of his columns, Lloyd wrote about his much beloved

Judi McLeod image

Re-posted from the Canada Free Press By  —— Bio and Archives—July 25, 2020

Unhyphenated American Lloyd Marcus is gone—but the Trump Train He Created Rides On

No words could ever convey the sorrow here at Canada Free Press upon hearing the news that our courageous columnist,  “unhyphenated-American” Lloyd Marcus has passed.

An early morning email from our mutual friend Valerie Price alerted me this morning, and I haven’t been able to shake my worries about his beloved wife, Mary, who adored him, all this day.

Lloyd and Mary kept their love alive from decades-ago days when they were high school sweethearts.

Lloyd died, aged 71, one day after his 44th Wedding Anniversary.

The shock of Lloyd’s death of a heart attack on Friday was all the more unnerving because it was only on Thursday, he sent us his last column, ‘Last Stand to Save America as Founded’:

“Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you.”

A talented singer and songwriter, Lloyd’s latest popular music production was the ‘Trump Train 2020’ music video.

In his Thursday column he urged readers, “Please spread the Trump Train 2020 music video far and wide to counter Neil Young’s song, “We Got to Vote Him Out!”

A down-to-earth, unassuming Tea Party legend, Lloyd and Mary, gave up a peaceful home life, appearing at countless rallies and gatherings across the country.

Like all conservatives putting America first, he sometimes ran into resistance, and found it hard to understand how so many people are buying into media propaganda.

“For example: My sister is one such low-info Christian voter. I recruited her awesome alto voice to sing in the choir at the recording session of my Trump Train 2020 song. The choir was mostly white, all Trump supporters. She noticed that they were good friendly everyday people, not the rabid racists portrayed by media. Her eyes popped out of her head in disbelief when I told her San Francisco gives tourists maps to avoid the piles of human feces on the streets left by vagrants. She had no idea that Trump was responsible for black unemployment being its lowest in U.S. history.

“In the Trump Train 2020 music video, she is the beautiful black woman singing the solo line, “Don’t you feel the engines roar!”

“Folks, in these final months leading up to the November election, the Democrat/communist party will launch every wicked scheme in their depraved playbook to attack the American people to stop them from reelecting one of the greatest presidents in U.S. history, Donald J. Trump.

“Black Lives Matter, ANTIFA and various other anti-christian and anti-American hate groups do not want “brotherhood” as desired by Dr King. They want to punish white America. They demand that whites physically kneel to blacks and beg forgiveness for their sin of being born white. The people in these groups are wicked and must not be tolerated. At the top of your lungs, scream the word, “No!” to them.

“I’ve awakened 2am in the morning, turned on my TV and have encountered lie-filled news stories trashing Trump. The hits on Trump just keep on comin’.

“This is what we are up against, folks.

“A large percentage of the country get their news from mainstream (fake news) media. Consequently, they are clueless regarding many important issues.”

In many of his columns, Lloyd wrote about his much beloved Father, the late Rev. Lloyd E. Marcus, the first man who broke the color barrier in the Baltimore Fire Department.

He wrote on Thursday, “I am the eldest of 4 boys and one girl. My sister was Dad’s princess. He purchased her first car, a brand new Fiat. He made me work to purchase my first “used” car. The good news is Fiats were lemons; just kidding.

“Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you.

“We have so much work to do. This is all hands on deck. This election is our last stand to save our founding father’s divinely-inspired vision of America.

“Please talk to your neighbors, family and friends encouraging them to vote for Trump. Let them know what is at strike. that they were good friendly everyday people, not the rabid racists portrayed by media.”

‘The Man in the Black Hat’ served his country well, calling out for its protection even on his last day among us.

Canadian Valerie Price, his biggest fan north of the border and I will dry our tears and pray for the Creator to comfort Mary in her heartbreak and grief.

But the thousands of those whose lives Lloyd Marcus touched will go on riding the Trump Train as if he were still here—because to all who knew and love him, he IS.