IG Release Date Set for June 14th – First IG Hearing June 18th…


Inspector General Michael Horowitz has informed the Senate Judiciary Committee (full pdf below) the anticipated final publication date for the IG report on how the Obama DOJ and FBI handled the Clinton investigation will be Thursday June 14th, 2018.

The fact-based draft report to the principals was submitted on May 16th.  Following the two week period for input from the principals outlined in the draft report, the IG “referencer” within the DOJ-Office of Inspector General then determines which responses will be added for the final report. The report is anticipated to be 400 to 500 pages.

As customary for Michael Horowitz, his office adds the approved responses and then outlines additional IG replies to those responses in the final report.  Apparently, due to the scale of the report, the response and reply phase has been extensive.

Mr. Horowitz informs congress today the final report will be publicly available on Thursday June 14, and he will accommodate oversight with an appearance before congress on Monday June 18, 2018 to discuss the findings.

Here’s the letter from Inspector General Horowitz:

https://www.scribd.com/embeds/381292386/content?start_page=1&view_mode=&access_key=key-NPPyiUc9PNF8UJb52Y6L

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President Trump and Prime Minister Shinzo Abe Joint Presser – 2:00pm Livestream…


Prior to the G7 meeting in Canada, President Trump and Japanese Prime Minister Shinzo Abe are holding discussions at the White House.  Both are anticipated to deliver remarks at a 2:00pm EDT joint news conference.

UPDATE: Video Added

WH Livestream LinkGST Livestream LinkFox News Livestream Link

Senate Intelligence Committee Under Pending DOJ Investigation for “unauthorized disclosure of information”….


This is one of those little snippets of information, buried in the swamp and avoided by the media, that seems small and disingenuous unless you know the corrupt record of the Senate Intelligence Committee.

According to Wall Street Journalist Byron Tau, the Senate Intel Committee unanimously voted today to release documents to the DOJ “in connection with a pending investigation arising out of the unauthorized disclosure of information.“:

The Senate Intelligence Committee is one of the most politically corrupt committees in congress.  There is nothing available as to what information was disclosed; however, this is the committee where:

•Dianne Feinstein was Vice-Chair in 2016, and her former staffer, Dan Jones, is heavily involved in Fusion GPS and Christopher Steele. [See Here]  By position Feinstein was on the Gang-of-Eight during the 2016 CIA, DOJ and FBI Counterintelligence Operation.  The same Feinstein that arbitrarily released the testimony of Glenn Simpson in 2018 without discussing with anyone [See Here]

•Mark Warner took over as Vice-Chair in 2017 and was involved in covert attempts to contact Christopher Steele [See Here]  By position Warner is currently on the Gang-of-Eight, and participated in the DOJ-NSD, FBI and efforts of the Mueller investigation.  The same Mark Warner who demanded the FBI and DOJ must not comply with document production for congressional oversight [See Here]

•Richard Burr was/is the Chairman of the Committee and was an active participant in all of the CIA, DOJ-NSD and FBI operations past and present.  Not accidentally Burr and Warner wrote a committee report supporting the Russian Collusion Narrative.

The entire committee has been transparently compromised for years.  Even James Comey refused to meet with the committee.  If you review the names on the committee you will note the alignment of Never-Trumpers and secret Sea Island meeting participants.  So it doesn’t come as a surprise to see the DOJ looking into unauthorized releases of information coming from within the committee and/or staff connected to the committee.

The darkest part of the corrupt intelligence community hangs over the Senate Intelligence Committee like an ever-present cloud destined to block sunlight.  Bad, corrupt and sketchy stuff goes on inside this committee….. stay tuned.

President Trump and First Lady Melania Attend 2018 FEMA Briefing To Begin Hurricane Season…


As the hurricane season officially starts, President Trump, First Lady Melania Trump and the majority of the Cabinet attend the critically important 2018 FEMA briefing.

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REMARKS BY PRESIDENT TRUMP AT 2018 HURRICANE BRIEFING – FEMA Headquarters, Washington, D.C., 2:06 P.M. EDT [Transcript Link]

THE PRESIDENT: Well, I want to thank you. Great job, Brock. Really fantastic. Thank you very much. And we really appreciate the job you’ve done. It’s been amazing, and you really have kept quite busy, I would say, unfortunately. We had no choice. We were hit hard. But you’ve done a fantastic job. So I want to thank you very much.

ADMINISTRATOR LONG: Thank you.

THE PRESIDENT: Secretary Nielsen, Administrator Long, I want to thank you for hosting this incredible group of people. I’d like to sort of maybe say and pay some respects to some of the people here today. I have a list.

Of course, we have to start with our great First Lady, Melania. Thank you, Melania. She’s doing great. (Applause.) She went through a little rough patch, but she’s doing great. And we’re very proud of her. She’s done a fantastic job as First Lady. The people love you. The people of our country love you. So thank you, honey.

And Vice President Pence. Mike. Mike, another great job you are doing. Secretary Michael Pompeo. We’re keeping him very busy. We’re keeping you so busy. You’re going to be flying — a lot of flying in the next couple of weeks. But what a job you’ve done, and we appreciate it. The whole country appreciates it, Mike. Thank you very much.

SECRETARY POMPEO: Thank you, sir.

THE PRESIDENT: Thank you. Steve Mnuchin. Steve, wherever you may be. He’s working hard on those taxes and keeping the taxes down. We passed the greatest tax cut in the history of our country, and lots of other things. And thank you very much. Great.

I think we say that we have had the strongest — this is the strongest, from an economic standpoint, that our country has ever been. We’re doing better in terms of business, in terms of unemployment. We’ve broken the record with so many different groups. African American, the lowest unemployment in history. The Hispanic lowest unemployment in history. Women, lowest unemployment in 21 years. Seven trillion dollars in worth we’ve created since the election. Seven trillion with a “T.” Not with even a “B.” And that’s a number that nobody would have thought was possible. So thank you to everybody. That’s been fantastic.

Attorney General Jeff Sessions. Thank you, Jeff. Thank you very much. Secretary Ryan Zinke. Keeping very busy. I know that, Ryan. That’s good. That’s good for you. Right? Keeping busy and opening up those lands so people can use them and enjoy them. Largest landlord in the world, Ryan. Nobody knows that. But you’re the largest — by far, the largest landlord. It’s almost half the United States if you think about it. Right? So great job you’re doing. Sonny Perdue. And those farms are doing well, and I did the farmers a big favor last night. Right?

SECRETARY PERDUE: You did. Absolutely.

THE PRESIDENT: I did a big, big favor for the farmers. We love the farmers, and they were happy.

SECRETARY PERDUE: They love you.

THE PRESIDENT: I know that Senator Grassley and Senator Ernst were very happy with what we did. So thank you for your help. I appreciate it.

Wilbur Ross, Secretary. I appreciate it, Wilbur. We’re renegotiating a lot of trade deals, and they’re really fantastic. And it’s going to — we have the worst trade deals ever made. And we’re going to have now fair trade deals. We have made the worst deals ever made. NAFTA is a disaster. World Trade Organization is a disaster. I could go deal after deal, and it’s been very unfair to our country, to our workers, to our companies, and to everybody else involved. And we’re changing them around rapidly. So, Wilbur Ross, thank you very much.

Secretary Alex Azar. Alex, I’m very proud of what you’ve done. And you’re coming up in about another month with healthcare. Maybe even sooner than that. We’re going to have a great healthcare bill planned. And it’s going to be great healthcare for a much smaller price than anybody ever thought possible. And I really appreciate that. And our new project that we’re really working on very hard is reducing the cost of prescription medicine. And that’s going to be something that people will not forget. Some people think that’s almost more important than the healthcare. I’ve had people say, “Which is more important?” They’re both important. But we’re reducing the cost of medicine because of what you’re doing, and we appreciate it.

Secretary Ben Carson, who’s got some things going on at HUD that we’re very excited. We had lunch the other day, and what you’re doing is great, Ben. That’s really inspirational. More than just brick and mortar. It’s really inspirational, Ben. And we appreciate it very much. Thank you very much.

Elaine Chao, Secretary. All you do is produce. You do it in a very quiet way and so effective and so incredible. What a job you’re doing with transportation. It was a great decision. Thank you very much.

Rick Perry. Rick is — I thought you were going to the VA. But we have great people at the VA, so — (laughter) — so now we don’t have to worry about the VA. I think we have great — I always thought Rick — I’d put him right over in the VA, and you would have done great there, too. But you’re doing a fantastic job at Energy. And we’re now the largest in the world in energy, Rick. The largest in the world. And we’re now exporting energy for the first time. Never did it. Now we’re exporting energy. But we have become the largest energy producer in the world. Who would have thought? But we’ve opened it up a little bit, Rick, right? And we’ve let our people go and do their thing. And they’re doing a great job.

Acting Secretary of the VA, Peter O’Rourke. And, Peter, the combination of you and Wilkie, I think that’s going to be an unbeatable combination. So thank you for all your help. I’m hearing only good things.

Secretary Nielsen. I don’t know, what do I say about you? (Laughter.) Huh? You are doing great. And the border is coming along. And the wall is going up. We have $1.6 billion being spent on phase one of the wall and we’ll get additional funding. And every week that goes by, people realize it more and more that we have to have the wall. And we’re doing great in San Diego and different places.

General John Kelly is here someplace. General? Good, General. Great job, John.

Administrator Scott Pruitt. Thank you, Scott, very much. EPA is doing really, really well. And you know, somebody has to say that about you a little bit. You know that, Scott. (Laughter.) But you have done — I tell you, the EPA is doing so well. So many approvals — and disapprovals. If they don’t qualify, they don’t qualify. But we don’t have to wait 15 years to tell somebody they don’t qualify. And people are really impressed with the job that’s being done at the EPA. Thank you very much, Scott.

Mick Mulvaney. He’s got two hats on now, right, Mick? You’ve got two hats, not just one. And you’re doing great at both. But Office of Management and Budget has been good, and our budget this year will be — there will be a lot of cutting, because we want to cut. You know, Mick is really more of a cutter than the other. But we had to get the military through. We got $700 billion approved for military. We needed that.

And in order to get that done, we had to do some things for the Democrats that we would normally not do — because we consider a lot of it waste and a horror show. But in order to get our military and $6 billion for opioid. So we got the — which Melania is so heavily involved in — and we got that taken care of. And very importantly, next year, $716 billion for military. So, Mick, great job. And this time, you can start cutting, okay? Because we have our military taken care of now, so you can start really cutting.

A friend of mine for a long time, Administrator Linda McMahon. And, Linda, I was just being told the other day what you’ve done in small business has been incredible. One of the real stars. And Vince and myself and your family, we’re all proud of you. But what you’ve done is fantastic. So much work. People don’t realize your small business is really — it’s really a very massive business. And you add it all up and those numbers are not small business. They’re bigger than just about any company you can even think of. So congratulations, Linda. Thank you very much.

Governor Rick Scott. We have a lot of people around and watching. You know, we’re on screens all over the country and I think beyond. But we have Governor Rick Scott of Florida is there, and he’s watching and he’s done a fantastic job. He’s now running for the United States Senate. And I won’t get political, but I think you’re going to do very well, okay? That’s not political, is it?

Secretary Patrick Shanahan, Deputy, who is — thanks, Patrick — really doing a job. And you’re bringing in all that money under budget. I know that. You know, you’re going to buy two airplanes instead of one for the same price, right? That’s what we want. He did a fantastic job at the company that he worked for on that. And we appreciate that very much. And it’s so important that when you go out and buy the equipment that we’re talking about buying — you know, hundreds and hundreds of jet fighters and bombers and planes and boats and ships and everything — we got to get the great price. All right? We got to get the great price. And if we can help you, let us know. Because there’s very few things so important.

Administrator Mark Green, U.S. Agency for International Development. And thank you very much, Mark. We appreciate it very much. Thank you.

Assistant Secretary Neil Jacobs and Administrator Brock Long. Vice Chairman Paul Selva. General Terrence J. O’Shaughnessy. And, as you know, Charles Ray. Good old — I knew Ray Charles. I didn’t know Charles Ray, but — (laughter) — now I know Charles Ray. So, you know, that’s pretty good, too. I dont know, maybe Ray Charles is even better, right? I don’t know. But we appreciate the great job you’ve done. Thank you very much.

I want to start just by saying that we’ve had three devastating major hurricanes that hit our country within a month’s time. There’s never been really anything like it. And in the case of Texas, it wouldn’t even go away. It would come in. We thought it was gone. It would go back out. It would reload. And this happened three different times, Brock. That was a record raindrop. That was a record water drop on a state, and it wasnt even close.

And shortly thereafter, we dealt with the threat of another hurricane and then destructive wildfires along the West Coast, in California and other places. America has never experienced so many large-scale disasters in so short a period of time. And we have the most qualified staff between the Secretary and Brock, and all of your people. You’ve been fantastic. And it goes a little bit unrecognized, because all you do is see people fighting and working, and getting the fires out and the water off the land, and all of the things.

But believe me, the country has watched, and they’ve seen an incredible job what you’ve done.

Our entire government leapt into action to coordinate the response, along with the state and local leaders. And we did have a lot of help from some really great governors — Florida, Texas. A lot of great people helped us, and it was great.

Families in Texas and Louisiana, the U.S. Virgin Islands, Puerto Rico, Florida, South Carolina, Georgia, Alabama, Mississippi — they were all affected. Hard to believe. And on tribal lands, where the hit was catastrophic, and the storms were really historic in their severity.

But in the wake of such tragedy, we also witnessed the resilience of the American people and the professionalism, talent, and devotion of the men and women of FEMA. Good group, right?

ADMINISTRATOR LONG: Great group.

THE PRESIDENT: That’s a great group of people, and throughout our government. Last year, more than 17,000 FEMA and other federal employees, as well as 14,000 personnel from the Department of Defense National Guard, were deployed to support the massive response and recovery efforts left by these storms and these tragedies.

Administrator Long, I want to thank you in particular for the incredible job and the unbelievable teams of men and women that you led to take care of these problems. You have done a job. They’re talking about you all over. Don’t leave us, though, okay? Just relax. (Laughter.)

SECRETARY NIELSEN: Oh, he’s here.

THE PRESIDENT: In fact, we could have put him in a different position. We didn’t want to. We want him right there. It’s not an easy position. But you have really stepped forward, and we appreciate it.

I also want to recognize the Coast Guard, our other military services. I have to tell you, the Coast Guard saved 16,000 people. What do you think of that, Ben? Sixteen-thousand people. (Applause.) And I think — you know, honestly, they don’t get enough credit in many ways.

Mike made the commencement address this year at the Coast Guard Academy. I did it the year before. I don’t think the Coast Guard gets enough credit. And I’ve said it, and I even say it to the Army, Navy, Air Force, Marines. I said, I think this year the Coast Guard, maybe in terms of increased branding — the brand of the Coast Guard has been something incredible what’s happened. Saved 16,000 people, many of them in Texas, for whatever reason that is. People went out in their boats to watch the hurricane. That didn’t work out too well. That didn’t work out too well.

So I just want to thank all of the people in the Coast Guard and all of our services for having been incredible. The National Weather Service; the American Red Cross — been amazing;, state and local governments; our brave first responders; law enforcement — always law enforcement; and so many others who came together to save lives, restore hope, and rebuild our communities.

As we enter the hurricane season again — here we go. Right? You’re ready?

ADMINISTRATOR LONG: Yes, sir.

THE PRESIDENT: But we’re entering it. This is it. We are marshaling every available resource to ensure maximum preparation for rapid response. That’s what we had last year. Disaster response and recovery is best achieved when it’s federally supported, state-managed, and locally executed. You agree with that, I think, Brock — right?

ADMINISTRATOR LONG: Yes, sir.

THE PRESIDENT: This is really the great model that we’ve built, and there’s no better model anywhere in the world. And we do help other countries, also, when there’s catastrophic events, like in Mexico and other places. We’re always there. We’re always there for them.

So I look forward to your briefing and I look forward to a very productive discussion. It’s an honor to be with all of the great people that work so hard in the Trump administration.

And, Mike, I’m going to ask you to say a few words. And thank for having done a great job.

END 2:22 P.M. EDT

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RECAP – READY FOR ACTION:

Grassley Again Demands Flynn Documents: “If the facts are inconsistent with the plea agreement, that would be an entirely different kettle of fish.”…


Senator Chuck Grassley is not happy with the DOJ and FBI refusing to turn over documents and material surrounding the investigation of former National Security Advisor Michael Flynn.   After more than a year of requests, and after several weeks of current specific requests, Senator Grassley sends a pointed letter (full pdf below) to Deputy Attorney General Rod Rosenstein.  Grassley smells something suspicious:

If the facts are inconsistent with the plea agreement, that would be an entirely different kettle of fish.

The Department’s reply to my May 11, 2018 letter seeking information about the circumstances surrounding Lt. General Michael Flynn’s reported conversations with the Russian ambassador and FBI records related to those conversations is insufficient. The letter only recounts a series of publicly known facts about Lt. General Flynn’s plea agreement and relies on improper excuses in refusing to provide the requested information. The Committee requires this information to fulfill its Constitutional function and its charge under Senate Rules to conduct oversight of the Department of Justice.

First, as you know, some of that information was first requested on a bipartisan basis before your confirmation. The Committee has waited patiently for much more than a year for the criminal inquiry related to Lt. General Flynn to conclude. It has been more than five months since his guilty plea. Thus, there is no longer any legitimate reason to withhold facts from the Senate about the circumstances of his conversations with the Russian ambassador and his FBI interview.

Second, the Department’s letter erroneously suggests that complying with Congressional oversight would result in “the reality or the appearance of political interference” in a “pending criminal prosecution.” There is no pending prosecution. The guilty plea was more than five months ago.

The Department’s letter describes in detail what everyone already knows. Lt. General Flynn admitted to the Statement of Offense with the able assistance of counsel. All that remains is for Lt. General Flynn to be sentenced. Simply disclosing facts to the Committee could not possibly “interfere” with the case at this late date, assuming those facts are consistent with the representations that prosecutors arranged for Lt. General Flynn to swear to in federal court.

If the facts are inconsistent with the plea agreement, that would be an entirely different kettle of fish.  (more pdf link)

Here’s the full letter:

https://www.scribd.com/embeds/381198288/content?start_page=1&view_mode=&access_key=key-uf1gxFO9BtylvpAk6Tv1

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Sacrebleu! – President Trump Prepares to Unleash Wilbur Ross on Justin and Emmanuel…


Emmanuel from France arrived in Canada two days ahead of the G7 so he could connect with Justin from Canada and plan a unified strategy against U.S. President Trump’s economic position. Not kidding, they really did. Like a plan. Serious. No Joke.

Individually they feel insecure, so Justin and Emmanuel formulated a plan to create an economic G6 unity effort to defend against Godzilla Trump. [Who remained in DC holding meetings with Shinzo Abe to talk about C-VID and North Korea] Yes, while Justin and Emmanuel were discussing how to throw whines and cheese at Trump, President Trump was planning how to defend the world from nuclear proliferation.

Then something funny happened. After deep talks about C-VID were settled, Godzilla Trump looked up and saw the two giggling kids trying to tie the string from the perched water bucket to the door handle.

President Trump always looks for the opportunity to emphasize the looming caricature people create of him.  It serves his interests; and he enjoys playing cat and mouse with his opposition.  So Looming Trump stealthily walks up behind the kids right before dropping the bowling ball on the floor. BOOM:

Too funny.

You see, after spending day #1 with Justin, Emmanuel was feeling inflated and over-confident, so he transmitted this for the world to see:

Oh, so that’s the plan.  Isolate President Trump and feed the media a “6+1” strategy that enhances a narrative that President Donald Trump stands alone.

Oh, CNN and the U.S. media will love it…. they think.

OK, Got it.

So Emmanuel has a plan for the U.K., Germany, France, Italy, Canada, and Japan to stand against U.S. President Trump.

In order for Emmanuel and Justin’s plan to work, they need the U.K., Germany, Italy and Japan to go along with it.

Italy and Japan?

Emmanuel, feeling inspired…. continues:

… oh, I think I hear ‘freedom fries’ coming over the horizon.

It’s just too funny.  The back-story is too funny.  You see, Emmanuel and Germany’s Angela Merkel refused to even engage in any discussions of an E.U. / U.S. trade agreement while the potential for U.S. steel and aluminum tariffs were possible.  Secretary Wilbur Ross has been trying to talk trade with the EU for months.  They have refused to discuss.

Commerce Secretary Wilbur Ross told President Trump the EU wouldn’t discuss any trade deals while the Steel and Aluminum tariffs were pending.

So President Trump removed the “pending” component, and told Wilbur Ross to just make the tariffs begin.

The EU grand plan to use leverage, backfired.

Trump doesn’t play.

WATCH [Last third of interview is pertinent]:

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Then comes this:

…. When POTUS Trump says “look forward to seeing them tomorrow“, that’s codespeak for this:

Sacrebleu! – President Trump Prepares to Unleash Wilbur Ross on Justin and Emmanuel…

Emmanuel from France arrived in Canada two days ahead of the G7 so he could connect with Justin from Canada and plan a unified strategy against U.S. President Trump’s economic position. Not kidding, they really did. Like a plan. Serious. No Joke.

Individually they feel insecure, so Justin and Emmanuel formulated a plan to create an economic G6 unity effort to defend against Godzilla Trump. [Who remained in DC holding meetings with Shinzo Abe to talk about C-VID and North Korea] Yes, while Justin and Emmanuel were discussing how to throw whines and cheese at Trump, President Trump was planning how to defend the world from nuclear proliferation.

Then something funny happened. After deep talks about C-VID were settled, Godzilla Trump looked up and saw the two giggling kids trying to tie the string from the perched water bucket to the door handle.

President Trump always looks for the opportunity to emphasize the looming caricature people create of him.  It serves his interests; and he enjoys playing cat and mouse with his opposition.  So Looming Trump stealthily walks up behind the kids right before dropping the bowling ball on the floor. BOOM:

Too funny.

You see, after spending day #1 with Justin, Emmanuel was feeling inflated and over-confident, so he transmitted this for the world to see:

Oh, so that’s the plan.  Isolate President Trump and feed the media a “6+1” strategy that enhances a narrative that President Donald Trump stands alone.

Oh, CNN and the U.S. media will love it…. they think.

OK, Got it.

So Emmanuel has a plan for the U.K., Germany, France, Italy, Canada, and Japan to stand against U.S. President Trump.

In order for Emmanuel and Justin’s plan to work, they need the U.K., Germany, Italy and Japan to go along with it.

Italy and Japan?

Emmanuel, feeling inspired…. continues:

… oh, I think I hear ‘freedom fries’ coming over the horizon.

It’s just too funny.  The back-story is too funny.  You see, Emmanuel and Germany’s Angela Merkel refused to even engage in any discussions of an E.U. / U.S. trade agreement while the potential for U.S. steel and aluminum tariffs were possible.  Secretary Wilbur Ross has been trying to talk trade with the EU for months.  They have refused to discuss.

Commerce Secretary Wilbur Ross told President Trump the EU wouldn’t discuss any trade deals while the Steel and Aluminum tariffs were pending.

So President Trump removed the “pending” component, and told Wilbur Ross to just make the tariffs begin.

The EU grand plan to use leverage, backfired.

Trump doesn’t play.

WATCH [Last third of interview is pertinent]:

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Then comes this:

…. When POTUS Trump says “look forward to seeing them tomorrow“, that’s codespeak for this:

You see, the “trade ministers” might have drawn up a G6+1 statement, but that’s the trade ministers.  Emmanuel might convince the trade ministers of the G6 to go along, but that doesn’t necessarily mean the actual leaders of Italy, President Sergio Mattarella, or Japan, PM Shinzo Abe, will go along with Emmanuel’s G6+1 plan.

Oh, the G7 is looking like so much fun.

Pommes frites, anyone?

 

You see, the “trade ministers” might have drawn up a G6+1 statement, but that’s the trade ministers.  Emmanuel might convince the trade ministers of the G6 to go along, but that doesn’t necessarily mean the actual leaders of Italy, President Sergio Mattarella, or Japan, PM Shinzo Abe, will go along with Emmanuel’s G6+1 plan.

Oh, the G7 is looking like so much fun.

Pommes frites, anyone?

 

Trade News – MAGAnomic Results Overpowering Multinational Politics…


There are visible economic indicators today that positive U.S. MAGAnomic results are overwhelming the voices of purchased political leaders trying to sell a narrative of doom around President Trump’s tariff proposals and reciprocal trade reset. A key point is the U.S. stock market growth amid tariff, trade and NAFTA withdrawal discussion. As CTH has discussed the eventual trade outcomes appear baked into the latest market analysis.

Bolstered by election results showing increased momentum for team MAGA, and decreased likelihood for a Democrat wave, the overall economic news -and factual corporate bottom line results- are flooding the zone with optimism. Amid the strong foundation for U.S. investment and economic growth, the reciprocal trade strategy is no longer heavily feared. Simply put, the ‘America First’ policies are working.

Not only are Trump’s economic policies working (jobs, wages, investment growth), but they are gaining massive momentum as analysts begin to quantify the possibilities of expanded economic growth well beyond the -formerly outrageous- 3% GDP target. The ceiling is being raised faster than the winnamins can be digested.

Amid this U.S. MAGAnomic environment, threats of counter-tariffs by Mexico, Canada and the EU are as useless as feathers in a hurricane:

(Reuters) […] EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what is sees as illegal U.S. action. EU exports that are now subject to U.S. tariffs are worth 6.4 billion euros. (link)

Consider the EU $3 billion tariff threat against this:

On a $20 trillion economy 3% growth = $600 billion in economic expansion.

Note: EU Tariff Feathers and U.S. Economic Hurricanes.

The best play for return-on-investment is INTO the U.S.  Exactly as planned.

This MAGAnomic win shows up in narrowing trade deficits:

(Via PPD) The Census Bureau and Bureau of Economic Analysis said the U.S. trade deficit narrowed sharply to $46.2 billion in April. That’s down $1.0 billion from a revised $47.2 billion in March and far under the $53.1 billion monthly average of the first quarter 2018 (1Q).

The 3-month average goods and services deficit decreased $2.2 billion to $49.6 billion for the three months ending in April. Average exports increased $2.9 billion to $209.3 billion and average imports increased $0.7 billion to $259.0 billion.

The report indicates a big net-positive for second-quarter (2Q) gross domestic product (GDP), which the Atlanta Federal Reserve currently forecasts at a whopping 4.5%.  (more)

This is the domestic background for President Trump, Commerce Secretary Ross, Treasury Secretary Mnuchin, and U.S. Trade Representative Robert Lighthizer to confront the aggregate trade issues with China, the EU and NAFTA.

As an outcome of the growth dynamic, the U.S. leverage carried into the trade-reset discussions is much larger than any threats made by opposition.  President Trump is likely to have fun at the G7, though I can also see him taking a few share-the-wealth “lumps out.”

Well,…. then again,…

…Maybe.

Killers.

President Trump Commutes Sentence of Alice Marie Johnson…


President Donald Trump granted clemency today for Mrs. Alice Marie Johnson, a week after Mrs. Kim Kardashian West advocated on her behalf during an Oval Office meeting with the President.

Mrs. Johnson, a 63-year-old great-grandmother is a first-time nonviolent drug offender who was given a life sentence without parole. She will be released from a federal prison in Aliceville, Alabama, where she has been serving her sentence since 1996.

White House – Today, President Donald J. Trump granted a commutation to Alice Marie Johnson, a 63-year-old great-grandmother who has served almost 22 years in Federal prison for a first-time criminal offense.

Ms. Johnson has accepted responsibility for her past behavior and has been a model prisoner over the past two decades. Despite receiving a life sentence, Alice worked hard to rehabilitate herself in prison, and act as a mentor to her fellow inmates.

Her Warden, Case Manager, and Vocational Training Instructor have all written letters in support of her clemency. According to her Warden, Arcala Washington-Adduci, since [Ms. Johnsons] arrival at this institution, she has exhibited outstanding and exemplary work ethic. She is considered to be a model inmate who is willing to go above and beyond in all work tasks.

While this Administration will always be very tough on crime, it believes that those who have paid their debt to society and worked hard to better themselves while in prison deserve a second chance.  (WH LINK)

NEC Chairman Larry Kudlow Press Conference on G7 and Trade…


National Economic Council Chairman Larry Kudlow conducts a press conference to discuss the upcoming G7 summit in Canada; the pending North Korea Summit; and the current U.S. trade initiatives.

IG Leaks – Media Frame Clinton/Obama Defense: James Comey as “Insubordinate”…


While no-one has yet to see the actual Inspector General Mike Horowitz report outlining how the DOJ and FBI handled the Hillary Clinton email investigation, the media are beginning to shape the narrative.

In a summary of Bill Priestap’s testimony, via The Hill, the narrative begins by focusing on James Comey:  “Priestap “completely” backed up everything that Comey said, according to a source familiar with his testimony.”  The narrative construct gains clarity with a report from ABC highlight James Comey as “insubordinate”:

(Via ABC) The Justice Department’s internal watchdog has concluded that James Comey defied authority at times during his tenure as FBI director, according to sources familiar with a draft report on the matter.

One source told ABC News that the draft report explicitly used the word “insubordinate” to describe Comey’s behavior. Another source agreed with that characterization but could not confirm the use of the term.

In the draft report, Inspector General Michael Horowitz also rebuked former Attorney General Loretta Lynch for her handling of the federal investigation into Hillary Clinton‘s personal email server, the sources said.  (more)

Given the nature of the recent explanations as provided by the attorney for Andrew McCabe; and accepting the prior repeated assertions of FBI Director James Comey: “that was not my understanding”, we can begin to assemble the preferred narrative direction.

It would appear the media, and swamp proletariat, are attempting to cut off any potential damage to the Obama administration by placing a firewall atop James Comey.

Whereas Deputy FBI Director Andrew McCabe was a rogue element manipulating his subordinate officials entirely on his own; while FBI Director James Comey was oblivious to the corrupt conduct undertaken by the officials in/around/under his authority, and insubordinate to the customary procedures, professional responsibilities and chain-of-command.

That appears to be the current advanced narrative.  Meanwhile we await the actual substance of the IG report into how the DOJ and FBI conducted the Clinton classified email investigation. .