President Donald Trump took the opportunity to use the weekly address to discuss his perspective on the next supreme court nominee who is scheduled to be announced Monday July 9th, at 9:00pm.
Tag Archives: Political Corruption
June Jobs Report: 213,000 Jobs Added, Economy Expanding, Blue Collar Gains Most Substantive…
The Bureau of Labor Statistics presents the latest snapshot of jobs and employment. According to the BLS data, behind the 213,000 jobs added, the most significant gains all center around growth in durable goods, manufacturing, transportation/distribution and the ancillary business services directly connected to the blue collar sector.
In addition, April was revised up from +159,000 to +175,000, and the change for May was revised up from +223,000 to +244,000. With these revisions, employment gains in April and May combined were 37,000 more than previously reported.
In the macro-review things are looking great; however, when you go into the micro-review you discover things are even better, they are MAGAnificent.
To understand what is happening we must all remember the Trump MAGAnomic policies are geared toward enhancing the creation of “goods”; the production of physical “stuff”; the manufacturing and durable good sector; or put another way: Main Street/Blue Collar work. MAGAnomic policy is geared toward expanding the production base of the U.S. economy. Therefore all majority benefit will be necessarily attached to those workers and industries that are part of the expanding production base.
Blue-collar trade jobs are exploding bigly; and with that MAGA development the work hours and earnings of those who participate within the trade-production processes are showing significant gains. Work hours continue expanding and the wage rates within the MAGA-trades are also showing the most substantive gains. (Table B-2, and Table B-3)
However, with 30 years of economic policy which diminished the blue-collar-trade value, the largest portion of the U.S. workforce shifted away from trades, and/or the production of durable goods. As a consequence the non-trade driven (investment economy or service economy) is full of workers educated in pre-elizabethan poetry, arts and useless humanities (See Table B-1 and compare year-to-year). The non-trade-skilled-workers are plentiful as bank tellers, retail workers, data entry, etc. and their abundance is keeping the macro-view of wage growth artificially skewed.
Wages, hours worked and benefits for those participating in the production economy (the minority number; ie blue collar) are gaining at a much higher rate than wages and hours worked by employees outside of the production economy (the majority number). In the aggregate this gives the artificial view that wages and hours worked are not expanding at the same rate as the overall economy. This is a mistaken perspective confounding the majority of the economic punditry. Remember, we are in the space between two economic engines: A Wall Street engine, and A Main Street engine.
The economic fuel, the MAGA policy feeding the expanding economy, is being poured into the Main Street engine; the production economy. The majority benefit from the Trump policy shift is being felt by anyone and everyone attached to the production economy.
Those workers who are attached to the Wall Street economic are not gaining the same level of benefit; nor will they for the next two to four years. The workers inside the production economy will continue to experience the majority of the economic and financial benefit for the foreseeable future….. we’ve got decades of diminished economic activity to make up for.
Keep in mind, at a 30,000 ft overview, all of the current MAGA investment is pouring into plants and infrastructure. When all of those production facilities start coming on line, approximately another year or two, they start generating even more jobs toward the finished goods each plant and facility will then provide. More workers are then pulled away from the Wall Street economy and into the Main Street economy. See how that works?
[In that ‘on-line production phase’, the *overall* wages then begin to rise; because the production worker base is expanded.]
Right now all of the trade jobs, and transportation (truck drivers etc) attached to the trade jobs, are at capacity. Every raw material producer, miner, logger, and/or fabrication job professional: pipe-fitter, brick-layer, mason, welder, engineer, journeyman or apprentice therein; can make buckets of money with virtually unlimited work hours and overtime for those who can work with their hands and tools.
This is the MAGA economy; knowing how to use a pair of metal snips is WAY more valuable than a degree in gender studies. Teach a Starbucks barista how to drive a fork-lift or operate a machinist lathe and they can increase their wages exponentially.
(Via CNN) Businesses added 213,000 jobs to their payrolls in June, another strong month of gains. Employers kept hiring even as fears grew of a global trade war. The economy has added jobs every month for almost eight years, the longest streak on record.
The unemployment rate inched up to 4%, the first increase in almost a year. But even that reflected a healthy economy: It rose because more than 600,000 Americans joined the work force. The job market is so good, many people who had previously given up looking are starting again.
“It’s a good thing. There are more people coming into the labor force,” said Satyam Panday, senior economist at S&P Global Ratings. “It indicates that we have more labor market slack.”
New entrants, including blue-collar workers and teenagers, shouldn’t have much trouble finding a job. There are more openings right now than unemployed workers, leading businesses to expand hiring to historically disadvantaged groups. (read more)
Bureau of Labor Statistics DATA here.
Total nonfarm payroll employment increased by 213,000 in June and has grown by 2.4 million over the last 12 months. Over the month, job gains occurred in professional and business services, manufacturing, and health care, while employment in retail trade declined. (See table B-1.)
Employment in professional and business services increased by 50,000 in June and has risen by 521,000 over the year.
Manufacturing added 36,000 jobs in June. Durable goods manufacturing accounted for nearly all of the increase, including job gains in fabricated metal products (+7,000), computer and electronic products (+5,000), and primary metals (+3,000). Motor vehicles and parts also added jobs over the month (+12,000), after declining by 8,000 in May. Over the past year, manufacturing has added 285,000 jobs.
Employment in health care rose by 25,000 in June and has increased by 309,000 over the year. Hospitals added 11,000 jobs over the month, and employment in ambulatory health care services continued to trend up (+14,000).
Construction employment continued to trend up in June (+13,000) and has increased by 282,000 over the year.
Mining employment continued on an upward trend in June (+5,000). The industry has added 95,000 jobs since a recent low point in October 2016, almost entirely in support activities for mining.
In June, retail trade lost 22,000 jobs, largely offsetting a gain in May (+25,000).
Employment showed little or no change over the month in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government.
The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in June. In manufacturing, the workweek edged up by 0.1 hour to 40.9 hours, and overtime edged up by 0.1 hour to 3.5 hours. (link)
Now, let’s wait to see what Canada’s results show. D’0h.
MAGAnomics: Middle-Class Wage Rates Climbing as Expected, Wall Street Financial Media Not Happy…
For more than three decades all U.S. economic policy has been elevating Wall Street and diminishing Main Street. As a result blue-collar workers have not had wage gains keeping up with inflation for over 30 years…. Then came the era of Trump.
– “Walking in a Winner Wonderland” –
More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy ahead of Wall Street policy (the past 30+ years).
We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPI’s that would become visible in the space between the policy shifts.
Part of those discussions focused on energy costs, product costs (we explained how inflation would be weird), and importantly, wage rates. It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow. We anticipated seeing that impact in Q2 of 2018, which is April-June 2018. Well:
(Via CNBC) […] The Bureau of Labor Statistics reported that April closed with 6.7 million job openings. May ended with just over 6 million people the BLS classifies as unemployed, continuing a trend this year that has seen openings eclipse the labor pool for the first time. At some point that gap will have to close. Economists expect that employers are going to have to start doing more to entice workers, likely through pay raises, training and other incentives.
“Pressure is building for employers, and both hard data and anecdotal reports indicate that wage pressures are building,” Jim Baird, chief investment officer at Plante Moran Financial Advisors, said in a note. “With the economy still humming, employers are able to justify stronger wage increases to retain or attract talent, but it’s becoming a more challenging proposition.”
Most inflation measures are at 2 percent or more now, and are likely to continue rising. Companies are reporting record profits, but could find themselves constrained by a double-short of inflation, both from wages and rising costs due to escalating trade tensions and tariffs between the U.S. and its trading partners.
“How much might rising labor costs chew into corporate profits? How much will be passed through to customers in the form of higher prices? That remains to be seen,” Baird said. “Rising labor costs will boost take home pay, but we’re also all likely to see the effect in rising prices for goods and services.”
Those are all issues the Federal Reserve will have to weigh as well. (read more)
What’s predictably fun to watch is how leading economists and national economic influence agents continue to be perplexed as we flow through the space between these two economic engines. Deep inside this new dimension, which will last for approximately 24 months, the control agents within the Fed cannot figure out why inflation remains low, yet the economy is heating up.
They really don’t get it.
They don’t get it because they have no reference points.
The economic models of the entire last generation+ are based on the assumptions of continuing globalist economics which advances, and has advanced, the interest of Wall Street over Main Street. They were driving a “service-driven economy” message.
The investing class economy, ie. another name for a ‘service-driven economy’, has been the only source of historic reference for approximately three decades. These talking heads convinced themselves that a “service driven economy” was the ONLY economy ever possible for the U.S. in the future.
Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications. They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.
It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.
Monetary policy, Fed control over the economy, is disconnected and will stay that way for approximately another 12-14 months, until Main Street regains full operational strength –and– economic parity is achieved.
As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living. How high can wages rise?… that depends on the pressure; and right now the pressure is massive. I’m not going to dismiss the possibility we could see 10 to 20% increases in year-over-year wage growth in multiple economic sectors.
Winnamins. We’ll need lots of them…
Forget minimum wage laws, they are inconsequential conversations when measured against the reality of how quickly wages rise in a free, fair, unregulated and growing economy.
Seriously, with full measure of optimism and appreciation – and tears of thankfulness that we are alive to experience it – these are exceptional times.
President Trump Massive MAGA Rally – Great Falls, Montana – 6:00pm Livestream…
Today President Donald Trump holds a MAGA rally at the Four Seasons Arena in Great Falls, Montana. Part of the rally objective is to boost Republican Montana Auditor Matt Rosendale in November’s election for the Senate seat currently held by Democratic incumbent Senator Jon Tester. Tester led a ridiculous smear campaign against the former White House doctor and Veterans Affairs nominee, Ronny Jackson.
Topics during the rally will likely cover: the upcoming Supreme Court nomination; the ongoing trade initiatives of the administration; the continued benefits from the tax cut and reform program; as well as other key MAGA initiatives. Anticipated speech time 6:00pm EDT with pre-rally speakers earlier in the program.
UPDATE: Video Added
RSBN Livestream Link (live) – Fox10 Livestream Link – PBS Rally Livestream Link
White House Trade and Manufacturing Policy Director Peter Navarro Discusses U.S. -vs- China Trade Confrontation…
Last month the White House presented a 36-page outline of the U.S. position toward trade with China (full pdf below). White House National Trade Council and Office of Trade and Manufacturing Policy Director Peter Navarro delivers a presentation to discuss that report. Very well worth watching:
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Report below:
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WHY INDEPENDENCE MATTERS
President Trump and First Lady Melania Celebrate July 4th – White House Independence Day Speech (video)…
President Donald J Trump, First Lady Melania Trump, Vice President Mike Pence and Second Lady Karen Pence host an independence day picnic at the White House for administration officials and military families.
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President Donald Trump Independence Day Message…
Earlier today President Donald Trump tweeted a video message to celebrate the Fourth of July, our Independence Day.
Senator Rand Paul Independence Day Message…
Senator Rand Paul from Kentucky delivers a message to celebrate the Fourth of July, Independence Day.
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Reflecting on liberty through Senator Rand Paul’s last year (2017 through 2018):
♦ Shot at while practicing for a congressional baseball game.
♦ Attacked in his front yard while mowing his lawn; hospitalized.
♦ Family threatened by mad man with an axe; recently arrested.
Why We Celebrate The 4th Of July
The colonies had been in conflict with England for over a year in June of 1776. A Continental Congress convened in Philadelphia on June 7 of that year. Richard Henry Lee from Virginia offered up a resolution with these now famous words:
“Resolved: That these United Colonies are, and of right ought to be, free and independent States, that they are absolved from all allegiance to the British Crown, and that all political connection between them and the State of Great Britain is, and ought to be, totally dissolved.”
Lee’s words spurred the drafting of the Declaration of Independence. A committee of five was appointed to draft a statement making the case for the colonies, a statement to the world of the intent and the reason behind that intent.
Members of the Committee were John Adams of Massachusetts, Roger Sherman of Connecticut, Benjamin Franklin of Pennsylvania, Robert R. Livingston of New York and Thomas Jefferson of Virginia. Jefferson took on the task of actually drafting the document as we know it today.
The Continental Congress reconvened on July 1, 1776, and on the following day, the resolution for independence by Lee was adopted by 12 of the 13 colonies, with New York not voting. Minor changes were made to the Jefferson document.
Work on the document continued through July 3 and into the afternoon of July 4, when the Declaration was officially adopted by the Congress. Of the 13 colonies, nine voted in favor of the Declaration, two — Pennsylvania and South Carolina — voted No, Delaware was undecided and New York again abstained.
As we all know, John Hancock, President of the Congress made his signature large enough for King George to read “without his spectacles.”
IN CONGRESS, July 4, 1776.
The unanimous Declaration of the thirteen united States of America,
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. – That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, – That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. – Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.
We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.
The complete list of those who signed were:
John Hancock (president of the Continental Congress), Josiah Bartlett, William Whipple, Matthew Thornton, Samuel Adams, John Adams, Robert Treat Paine, Elbridge Gerry, Stephen Hopkins, William Ellery, Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott, William Floyd, Philip Livingston, Francis Lewis, Lewis Morris, Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark, Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross, Caesar Rodney, George Read, Thomas McKean, Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton, George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton, William Hooper, Joseph Hewes, John Penn, Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Arthur Middleton, Button Gwinnett, Lyman Hall, and George Walton.
Check out this link for the sobering fate of many of those who so pledged their lives, fortunes, and sacred honor. H/T to TheOriginalG-d&Country for this source.
Those are the facts about our Declaration of Independence, the history that we as school children have learned since the creation of this great nation that we celebrate, that we love and honor so.
Usually we humans can’t adequately find words to express our own sentiments, let alone those of a nation and successive generations to come, but Jefferson and that Continental Congress did just that.
The words have stood throughout several centuries as a clarion call for freedom, for breaking free of tyranny, for men to put aside their individual causes and join together to battle for the right of every man, woman and child together to become a people united in goal and resolve.
Today as we celebrate, today as we pledge allegiance to a flag that has gone from 13 stars to 50, may we remember not only the sacrifice, but the resolve. May we honor not only the words, but the unity and deeds of our forefathers. May each of us dig deep into our hearts and work out our differences for the betterment of our nation and our children and grandchildren.
Say a prayer for America today. Rekindle hope today. Honor the past by determining the future.
Please remember that this is a post in honor of our Independence Day. No political content, no rants, so slamming the other side. Today we are just Americans, honoring our country and each other.
Thanks to asawasa for posting this on another thread. I wanted to add it here.
Centinel2012 