MAGAnomics: ADP Private Payrolls Increased 227,000 Jobs – BLS Private Sector Wage Growth 3.1%…


More fantastic MAGAnomic numbers today to bolster the great news from yesterday.  ADP/Moody’s private payroll analysis shows 227,000 jobs gained in October, and September’s revised actual payroll numbers increased from 218k to 230k.

The ADP hiring analysis reflects continued strong jobs growth across the U.S. with private sector employment increasing by 227,000 jobs in October.  This exceeds the earlier projections where analysts were expecting 189,000 new jobs added during the month.

The October payroll increase was the highest since February 2018.   Additionally, the Bureau of Labor Statistics released their latest employment cost summary today showing overall wage growth in September of 2.8% year-over-year.

(Table 8 – Link)

BLS release:  Private sector wages and salaries increased 3.1 percent for the 12-month period ending in September 2018 and increased 2.6 percent in September 2017.  [See tables A, 5, 9, and 12.]

Under the previous economic policies, and the prior administration, wage increases were non-existent even during the economic recovery.  However, with the MAGAnomic focus on Main Street, the economy is expanding at a greater rate and absorbing all available workers.  The unemployment rate is now at 3.7 percent, the lowest since 1969, and wage pressures have been building significantly since the 2nd quarter of 2018.

As the ADP payrolls show, there are massive amounts of new jobs being created each month as investment flows back into the U.S. and American manufacturing is fired up with President Trump’s MAGA “magic wand.”

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“Complicated business folks…. Complicated business”…

Can Trump end Birthright Citizenship?


On this score, President Rump in his latest claim that he can end birthright citizenship with an executive order is WRONG. On this subject, he is correct that a child born in most countries does NOT make them a citizen of that country. In most cases, they are a citizen of a parent who is a citizen of a particular country.

Amendment XIV

Section 1.

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

HOWEVER – WHERE TRUMP IS CORRECT

This issue really does need a constitutional Amendment revision because the IRS applies its interpretation even different from the 14th Amendment. They routinely go after people living in other countries who were NOT born in the USA, but one of their parents was an American. The legal field calls this an Accidental American who now owes taxes for their entire life and under their interpretation they can confiscate ALL their assets and throw them in prison for tax evasion. The IRS considers a citizen of a country other than the United States to also be an American citizen even if they are not aware of having such status simply because one parent was a citizen and they were NOT born in the USA. This entire issue really does need to be addressed. In Italy, for example, you can apply for citizenship if your grandfather was born there, but not if only your grandmother was born there. In Italy, citizenship follows only the male and not the female.

In this case, the IRS uses the citizenship rule of other countries and the person need not even be born in the USA to be subjected to American taxes on worldwide income no less. In fact, I had a friend in Switzerland who was married to an American but she lived there for 25 years. They had a son and when he turned 13, they took him to the bank to open his first account. The bank refused because he was an American citizen under FATCA and the IRS rules.

Anger Gap: Can Democrat Rage Win Congress?


Published on Oct 29, 2018

A new Reuters/Ipsos poll indicates Democrats harbor more anger than Republicans, and that rage may topple GOP majorities in the House and the Senate. Bill Whittle Now evaluates the claim, and brings historical perspective. Bill Whittle’s voice has not been silenced, but grows in influence, thanks to the members who pay $9.95/month to make and distribute this show. Join the movement at http://BillWhittle.com/subscribe

Saudi Arabia Crazy Hail Storms Going Nuts & Avenatti Playing Games?


 

 

COMMENT: Dear Marty,

This is interesting weather change in Saudi Arabia. We usually have the air-conditioning running 24/7 365 days a year.
And now…

Also, I found your blog on Avenatti very interesting…. If he runs for President, and it looks like he is planning on doing so, he could be the man that polarizes the U.S. even more, pushing it over the brink to major civil unrest and resulting breaking-up of the U.S. with certain states like California leaving the Union. Californians believe just silicon Valley is there the that State is some exception to rules of economic and the markets. “This time it’s different” mentally will become their motto, which will lead them down the path of no return like Venezuela, etc. If that happens, one could call California the Venezuela of the future. And, Governor Brown will finally become President. Something he has always wanted to be…. Thoughts?

Can one download or stream your newest documentary on the bond market – how and when?

Keep up the great work enriching us all with Socrates’ forecasts and your insight!

Best wishes,
C

REPLY: We are getting very strange weather patterns everywhere. It seems where it supposed to be hot it turning cold and the cold places are turning hot. There has been more snowfall in the USA south of Canada already than there has been in Alaska. Something is happening and the magnetic shield is weakening as the north pole is moving faster than anyone ever saw since 2010. It would be nice to really silence these Global Warming people who stand in line for their cut of $1 billion in grants for fake research to justify raising taxes and turn to what is really taking place for humanity’s sake.

They say that people hate others for their own characteristic faults. Avenatti hates Trump with a passion and he will exploit women to just get noticed. Those who hate Trump so much and prefer this guy, they have no idea what they are signing up for. Trump is a businessman. Avenatti makes money I believe by exaggerating and falsify people’s claims.

Through Avenatti’s career, he’s has secured huge payouts for his clients and claims to have pulled in no less than $1 billion for his clients throughout his career. Given what lawyer take as a percentage, this is why he runs around representing these women for free allegedly just to get noticed so he can run for President in 2020. He claims the legal fees are paid by Stormy Daniels, which is an example of how a lawyer like him plays with the truth. It was a fund set up for her legal fees, not her personally. Who are the donors to this fund? That would be very interesting to know and also has Avenatii charged the normal rates or have they been deeply discounted? Is this really a slush fund for him to launch a presidential bid?

The new documentary I believe will be up this week. We do not sell it nor do we have any control over that or make anything from it. Not sure if you can download it, but you will be able to watch it in an online type of movie theatre

Ground Reports – 2018 Midterm Election


In the past several election cycles CTH has posted ‘Ground Report- Open Discussion’ threads to review perspectives of ground reports from your state, city and neighborhood. ‘Ground Reports’ are a valuable resource to gauge the non-quantifiable elements around elections; they are often quite insightful.

Many states are currently in the process of early voting. If you have a ground report you would like to share, please use the comment section below to provide your perspective.

Additionally, there are often obscure events that can help identify voting trends and possibilities; so don’t limit your review to traditional perspectives. Sentiments and senses are also very useful. What do you sense? What is going on in/around your town and location? Good or bad; positive or negative; what do you see happening?

MAGAnomics – Consumer Confidence Grows Again – Highest Level in 18 Years – Holiday Season Looking Like a Winner Wonderland…


First the wonky stuff.  The Conference Board Consumer Confidence Index (CBCCI) has jumped again for October and now measures the highest current sentiment among consumers since 2000.   The CCI now stands at 137.9 (1985=100), up from 135.3 in September.   Additionally, the future outlook of consumers, known as the “Expectations Index” (consumers’ short-term outlook for income, business and labor market conditions) increased from 112.5 last month to 114.6 this month.  More DATA winnamins.

What does that mean?  Well, it means middle-America feels GREAT about now, next week, next month, and well into next year.  Additionally, now that the winnamins are starting to catch up to them, the pontificating wonkified actuaries will begin to project a splendidly “strong” holiday season.  Duh!  They’re always playing catch-up. LOL.

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The key to understanding MAGAnomics is to focus on the middle-class.  If the middle-class is thriving and doing well, all of the economic indicators will tell the same story.  MAGAnomic benefactors (ordinary working people outside the investment class) are scantly impacted by the Stock Market.

When the middle-class is thriving, everything inside the U.S. economy improves.

This is the key and cannot be repeated enough.

Trump’s MAGAnomic policy focuses on Main Street.  The preceeding 30+ years of economic policy focused on Wall Street.

That’s the essential difference.

The benefactors of MAGAnomics are those working week-to-week, month-to-month, to take care of their family.  The middle-class; not the uni-focused investment class.

When the middle-class is optimistic, confident and positive, you can be certain of an exceptional holiday season.  This is not challenging to understand.

As we shared when the third-quarter GDP results were announced a few days ago; everything is pointing to a great fourth quarter and holiday retail season.

Overall the 3.5% GDP growth is exceptionally strong.  To see the data bolstering a positive future forecast I would draw attention to Table 2 (lines 43 through 49) and the analysis for net impact over Exports/Imports.  The heavy import number delivered a net subtraction of 1.78% from GDP growth; that’s a result of a large increase in imported durable goods [likely anticipatory holiday inventory buildup].

As you can imagine from your own shopping experiences, durable goods inventories generally climb in the third quarter as companies increase inventory in preparation for holiday sales in quarter four.  The growth in the buildup of this inventory is significantly higher than historic trend; this means companies are forecasting strong consumer demand for goods in Q4, the holiday season.

Further support for a booming Q4 purchase prediction can be found in the current 4% growth of consumer spending.  With wages growing (3.8% avg), and with an incredibly strong jobs market, people are making large purchases with confidence.  Additionally, price data in the current GDP report shows inflation at a 1.6 percent annualized pace.

Add it all up and you can see the reason for companies to boost inventory ahead of a very strong holiday season.  The middle class drives the MAGAnomic economy.  Workers are getting paid more and being taxed less; our paychecks are bigger.

Simultaneously inflation is low (prices not increasing), so the net is more disposable income to make purchases, combined with confidence in wages/jobs allowing people to spend more.

President Trump and First Lady Melania Visit Tree of Life Synagogue in Pittsburgh….


President Trump, First-lady Melania Trump, Jared and Ivanka Kushner along with Treasury Secretary Steven Mnuchin visit the Tree of Life Synagogue in Pittsburgh, Pennsylvania, to pay their respects and condolences to the victims of a mass shooting on Saturday.

President Trump laid a stone of remembrance and First Lady Melania laid a white rose upon each of eleven Star of David markers outside the Synagogue prior to going inside to visit survivors and family members.

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After leaving the Synagogue the President and first lady traveled to the University of Pittsburgh Medical Center to meet with additional victims of Saturday’s shooting.  Their visit to the hospital included meeting with medical staff and wounded law enforcement officers: Officer Tim Matson (remains in intensive care); Officer Daniel Mead (discharged); Officer Anthony Burke (discharged); and Officer Tyler Paschel  (wounded).

Speaker Paul Ryan: “you cannot end birthright citizenship with an executive order.”…


A few months ago, when discussing overall immigration policy, I wrote: “There is no greater disconnect from ordinary Americans -on any singular issue- than the policy positions of Democrats and Republicans in Washington DC surrounding immigration. President Donald Trump is confronting their unified interests.”  The reaction from Speaker of the House Paul Ryan is directly related to this truism:

(Via Associated Press) […] The top Republican tells WVLK radio in Kentucky, “Well you obviously cannot do that. You cannot end birthright citizenship with an executive order.”

Ryan’s comments Tuesday offered a rare challenge to the president — from his own party. […]  Ryan says Republicans didn’t like when then-President Barack Obama “tried changing immigration laws via executive action. He says “obviously as conservatives we believe in the Constitution.”

Ryan is retiring but the No. 3 House Republican, Louisiana’s Rep. Steve Scalise, said on Fox that he’s glad Trump is considering options. (read more)

It does not go unnoticed that Speaker Ryan never challenged DACA.

It does not go unnoticed that Paul Ryan fully supported the June 2014 house vote for the Senate Gang-of-Eight immigration bill; until Majority Leader Eric Cantor was primaried 48 hours before the vote.

The issue of lax immigration, and the subsequent lack of enforcement, is the cornerstone for the UniParty in Washington DC. It is one of the central elements that isolates the professional political class from the majority of common sense Americans.

For the Democrats, support for open-borders and lax immigration enforcement is part of their overall ideology and fabian world-view.  For traditional republicans support for lax immigration, which allows exploitation of labor, is driven by the Wall Street views of the U.S. Chamber of Commerce (President Tom Donohue), and various elements associated with multinational corporate interests (Koch Brothers).

No amount of external political pressure upon DC will change this dynamic.

The only thing that will fracture this entrenched DC ideology is a long-process to dismantle the system that enables mutually beneficial arrangement.

A few perspective examples:

Senator Lindsey Lindsey Graham will likely support Trump’s initiative to end the anchor baby process, or birthright citizenship.  However, tread cautiously, because Graham looks at this issue as a foot-in-door opportunity to force comprehensive immigration reform. There’s nothing altruistic within the “comprehensive.”

McCain dies; Martha McSally has the same view funded by the same benefactor.  Corker resigns; Mitt Romney has the same view funded by the same benefactor.  Paul Ryan exits; Kevin McCarthy has the same view funded by the same benefactor. See the problem?

If President Trump, on our behalf, is going to defeat the “Big Club” on the issues around immigration he will need two essential elements:

♦First, President Trump will need the unwavering support of common sense middle-America.  When I say ‘unwavering’, I mean total and complete support from everyone, anyone, who wants to see immigration law enforced.  Every entity who supports left-wing progressive globalism will spare no expense in attacking him.  The entire planet will align against him.  If you think things are bad now… oh man, we haven’t seen anything yet.

♦Second, POTUS will need to take the same strategic approach deployed in the trade and financial confrontation to new levels of strategy.  President Trump will need to replace everyone within the administration that is ‘Big Club’-sketchy; with extreme prejudice.  The attacks will come from all directions.  Having to deal with a weaponized intelligence apparatus, a duplicitous cabinet, and a complicit DOJ and FBI will make any immigration enforcement/reform effort almost impossible.   Right now, on the issue of immigration, many within the Trump cabinet are allied with the Donohue/Koch ‘Big Club’.

Suffice to say if the Republicans do not gain seats in the Senate and hold the House of Representatives it won’t even be worth starting.

President Trump Considering Immigration Executive Order Removing Birthright Citizenship (“Anchor Babies”)…


“All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

According to a widely repeated Axios interview with President Trump the administration is considering an executive order to eliminate the “Anchor Baby” interpretation within the 14th Amendment focused on “Birthright Citizenship.”

If the initial review of the intent is accurate, President Trump would sign an executive order that would remove the right to citizenship for babies of non-citizens and unauthorized immigrants born on U.S. soil.

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Until the 1960s, the 14th Amendment was never applied to undocumented immigrants, illegal aliens, or temporary (Visa) immigrants/visitors. The legal issues of birthright citizenship surrounding children born to non-legal parents inside the U.S. has never been decided by the Supreme Court.

Trump Lawyers Send Stormy Daniels a Bill for $341,559.50 – Fees Awarded by Judge For Defending Frivolous Lawsuit…


Attorneys representing the interests of President Trump in the case of Clifford v. Trump previously won a dismissal of all claims against Mr. Trump. As a consequence the court ordered the plaintiff “Stormy Daniels” and her creepy porn lawyer, Michael Avenatti, to reimburse Donald Trump’s legal team for all expenses incurred during their defense of the frivolous lawsuit.

The lawyers representing Mr. Trump filed a motion with the court and now submit a claim for $341,559.50 for legal costs incurred (full pdf below).  The court will also likely impose monetary sanctions upon CPL Avenatti.

(Source Doc. – pdf embed)

Ms. Clifford raised more than $580k from left-wing political supporters via her “Crowd Justice” campaign as established by her Creepy Porn Lawyer.  It would now appear that Mr. Trump’s legal team will be the biggest benefactors of that crowd-funding campaign.

Here’s the full motion submitted to the court:

https://www.scribd.com/embeds/391958126/content?start_page=1&view_mode=&access_key=key-tijBf2YIOav71v1RQwm1

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