In the economic balancing act toward China Larry Kudlow represents the good cop, Peter Navarro represents the bad cop and President Trump navigates the market responses. Neither person is factually in conflict with the other; the nuance is in the expression and each person has a role to play. Sometimes teeth, sometimes not. It depends on need.
Last night trade advisor Peter Navarro noted the U.S. position with China and trade is still in a state of serious conflict. This is accurate, and a more confrontational posture has been expressed by President Trump. Today Larry Kudlow moderates the Navarro position to lessen the Wall St. concern over a looming decoupling. It’s all a dance.
The need for nuance becomes clear as we watch Stuart Varney pushing the Wall Street concern angle on behalf of U.S. multinationals. The administration does not want to spook the stock market while they deal with a China confrontation. WATCH:
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Kudlow represents the panda mask. Navarro represents the eagles claw. President Trump advances or retracts each position as he controls the market response. The objective is a slow, steady, smiling decoupling that doesn’t unnerve anyone… but the direction is always toward the decoupling.
President Trump is delivering the proverbial economic death by a thousand paper cuts.
Because China sees their strategic panda mask approach being used against their own interests; and because Beijing now sees their economy contracting due to the long-term strategy being deployed by President Trump; China is getting a little more desperate:
BEIJING/HONG KONG (Reuters) – The Chinese government’s top diplomat Wang Yi on Tuesday proposed a “fast track” arrangement for the movement of people and goods with India and Russia.
Ministers from China, Russia and India should together discuss trade, energy, transport, education and health, Wang said in a statement on the foreign ministry’s website. (link)
President Trump smiling while slowly and methodically cutting down the economy of China and simultaneously holding them to account for prior purchase agreements. This relentless approach has to be making Beijing quite angry.
The Chinese saying: “if you plant your trees in another man’s orchard don’t be surprised when you pay for your own apples”, is very appropriate for these times. However, China has always been the one charging…. they did not expect to be the one paying.
Chopper pressers are the best pressers. Earlier today President Trump stopped to deliver remarks to the assembled press pool and answer questions. The President is heading to Arizona for events at/near the border. [Video and Transcript Below]
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[Transcript] – THE PRESIDENT: Hello, everybody. So we’re going to Arizona. We’re celebrating. We have over 200 miles of wall built. It’s been incredible. Our numbers on the border, as you know, are at just about a record-breaking low. People are not being able to cross the border. The wall is up, because we have more than 200 — we have about 212 miles up of wall. So that’s good.
And we’re going to be doing a number of other things. We’re going to be making a speech to young people in Arizona, and we’ll be meeting with some of the Arizona officials to talk about their border and how strong it’s become. It’s become very strong.
Last night, we stopped an attack on a great monument — the monument of Andrew Jackson in Lafayette Park. And I just want to thank law enforcement. They did a great job. We were working very closely with the White House Secret Service and some of our executives. It was really — they did a great job. They stopped it cold.
Numerous people are in jail and going to jail today. People are already there, but we’re looking at long-term sentences under the act. We have a very specific monuments act. And we are looking at long-term jail sentences for these vandals and these hoodlums and these anarchists and agitators, and call them whatever you want. Some people don’t like that language, but that’s what they are. They’re bad people. They don’t love our country, and they’re not taking down our monuments. I just want to make that clear.
And other than that, go ahead.
Q Mr. President, do you have executive order coming regarding the monuments? What will it accomplish?
THE PRESIDENT: I will have an executive order very shortly. And all it’s really going to do is reinforce what’s already there, but in a more uniform way. Okay?
I want to also say this: If the state governments — because you see them all over — in Seattle, they’re very weak, and in Minnesota, they might need help. If they need help, the federal government is willing to help them. If these hoodlums come around — these are not protestors, by the way; these are — these are anarchists and other things. If these hoodlums come around, and if the states can’t handle it, we are ready, willing, and able to help as we did in Minnesota, where we stopped — after four days, they finally called, and we did a great job with the National Guard.
Q Mr. President, are you planning to make any — are you planning to make any changes at your campaign after the Oklahoma rally?
THE PRESIDENT: Yeah, Hogan Gidley — not for that reason, because as you probably have heard, Fox had the highest ratings on a Saturday night in the history of Fox. So that’s the ultimate poll, I guess. But the ratings on Saturday night, for Fox, were the highest ratings in the history of Fox News, which is, I guess, it’s a long history. So that was the number one Saturday night in history.
We actually had a nice crowd, and — despite all of the warnings and everything else that other networks were trying to do; despite the fact that we had some pretty bad people waiting there, waiting — they shouldn’t have been. Maybe some of the same people I just talked about.
We had a nice crowd. But we had the highest ratings in the history of Fox on Saturday night. And online, I heard the record was unbelievable. I heard the numbers were unbelievable. I think you probably know that. What were the numbers online? Do you know?
Q I don’t know, sir.
THE PRESIDENT: Well you should know because you should report it.
Q Mr. President, at that rally, when you said you asked your people to slow down testing, were you just kidding or do you have a plan to slow down testing?
THE PRESIDENT: I don’t kid. Let me just tell you — let me make it clear: We have got the greatest testing program anywhere in the world. We test better than anybody in the world. Our tests are the best in the world, and we have the most of them.
By having more tests, we find more cases. We did 25-plus — 25 million tests. Think of that: 25 million. If you look at other countries, they did 1 million, 2 million, 3 million. Big countries. We did 25 million. Way more by double, triple, quadruple any other country. Therefore, with tests, we’re going to have more cases. By having more cases, it sounds bad, but actually what it is, is we’re finding people. Many of those people aren’t sick or very little. You know, they may be young people.
But what’s happened is, because of all of the cases that we find, we have a very low mortality rate, just about the best in the world. So that’s the advantage to the testing, along with other things. But just remember this: The reason we have more cases than other countries is because our testing is so much. Other countries —
Q So do you want to slow it down?
THE PRESIDENT: Other countries — listen: Other countries do very little testing by comparison. So we’re going to do, this year, right now — up until yesterday, I think they told me, we’re over 25 million tests. Other countries are at 2 million, 3 million.
Here’s what I say: Testing is a double-edged sword. In one way, it tells you you have cases. In another way, you find out where the cases are and you do a good job. We are doing a great job. We have never been credited for it. We’re doing the best testing job anywhere in the world. We’re doing the best ventilator job anywhere in the world. We’re now supplying ventilators to the entire world. Nobody else has done that. Nobody else — people don’t — countries don’t have ventilators. They call the United States. We’ve done a great job. We have not been given credit for it.
The other thing: The Tulsa rally was incredible. Despite all of the horrible, ominous warnings that you people put out over a period of two weeks, the crowd was wonderful. It was a great — they were warriors. It was a great crowd. But many of them stayed home and watched television, and what happened is Fox, on Saturday night, had the biggest ratings in the history of Fox television.
The DOJ in Boston have announced the arrest of a Winchester resident, Elijah Majak Buoi, 38, for seeking more than $13 million in PPP loans from the COVID rescue package.
BOSTON – A Winchester man was arrested today and charged with allegedly filing fraudulent loan applications seeking more than $13 million in forgivable loans guaranteed by the Small Business Administration (SBA) for COVID-19 relief through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.
Elijah Majak Buoi, 38, was charged in a criminal complaint with wire fraud, and will appear in federal court in Boston this afternoon.
According to the complaint, Buoi is the president and CEO of an information technology services company, Sosuda Tech, LLC. Between April 2020 and June 2020, Buoi allegedly submitted fraudulent applications for over $13 million in PPP loans through SBA-approved lenders. In these applications, Buoi misrepresented the number of employees and payroll expenses and falsely certified that the United States was the primary residence for his employees.
Buoi also allegedly submitted falsified documentation in support of his applications for PPP funds. The complaint further alleges that Buoi ultimately received over $2 million in PPP funds. The government has seized approximately $1.98 million from Sosuda’s business bank accounts.
“The defendant tried to defraud an emergency program designed to help businesses, and their employees, survive the most difficult economic crisis since the Great Depression,” said United States Attorney Andrew E. Lelling. “This behavior is reprehensible, and my office is committed to rooting out and prosecuting this kind of fraud wherever we find it.” (read more)
White House Press Secretary Kayleigh McEnany holds a combat session to discuss current events with the DC narrative engineers. [Video Below, Transcript Will Follow]
On June 16, 2015, the future President and his wife rode down the escalator at Trump Tower in New York City and the political world will never be the same. The occasion was the presidential announcement speech of Donald Trump. Previously, Trump had considered running for President in 1988, 2000 and 2012. Each time, the allure of his real estate and media businesses kept Trump away from the race. This time, he realized it was his last chance to run and he seized the opportunity.
His initial foray into presidential politics infuriated the politically correct media
The announcement speech was made before a packed crowd of boisterous supporters. The speech was pure Trump. He railed against bad trade deals and open borders. It was surely politically incorrect, and the media was appalled.
As a television personality and real estate mogul, Trump was not a threat to the media, in fact, he was an amusing curiosity who garnered mostly positive coverage. As a presidential candidate, Trump was a risk to the political system controlled by an entrenched establishment of both parties and supported by the corrupt news media.
As an independently funded businessman turned presidential candidate, Trump was a wild card. He did not need to make deals for donations. He gave voters his unvarnished opinion on the issues and that made him incredibly popular.
His initial foray into presidential politics infuriated the politically correct media. For example, regarding Mexico, Trump said, “They’re bringing drugs, they’re bringing crime, they’re rapists. And some, I assume, are good people.”
Immediately he was criticized and ostracized by NBC and the Miss Universe pageant. Amazingly, he stood firm and did not apologize, what most Republican politicians do during a controversy. One month later, he refused to express regret despite being eviscerated for criticizing the war record of U.S. Senator John McCain. Both controversies would have sunk any other candidate.
Trump faced universally negative media coverage and constant hostility from the establishment of the Republican Party. The party elders were in favor of any of the 16 candidates running against him. To their disbelief, they could not defeat him, and Trump garnered enough delegates to secure the GOP nomination.
Most winning presidential candidates receive a honeymoon, but not Donald Trump
It did not stop party insiders from trying to steal the nomination from him at the convention. Fortunately, he prevailed and strode into the general election against a very underhanded opponent, Hillary Clinton.
During the presidential campaign, the media and the Democrats unveiled a secret weapon they were convinced would finish his campaign, the infamous Access Hollywood tape. Trump’s controversial comments were taped without his knowledge on a bus at a TV production in 2005. It was released at a time to maximize damage to Trump. Surely, his opponents thought this would finally destroy him.
Instead, he fought back at the next presidential debate and brought with him three women who had accused Bill Clinton of varying degrees of sexual assault, including rape. He defused the scandal but in the final weeks faced a news media arrayed against him, social media bias and search engine manipulation engineered to harm his candidacy. To make matters worse, Clinton outspent him by a 2-1 margin.
Not surprisingly, the media never gave Trump any shot of beating Hillary. This surely diminished his turnout, which was their goal. Reporters touted the polls showing Hillary comfortably ahead of Trump. On Election night, when Trump was declared the victor, their anguished faces will always be remembered with delight by the President’s supporters.
Most winning presidential candidates receive a honeymoon, but not Donald Trump. He was harassed from the very beginning. From the efforts to overturn the results of the Electoral College to the boycott of his inauguration to the women’s march in Washington D.C. to the phony Steele dossier being revealed by a deceitful media, Trump was under constant attack.
It has never gotten any easier for the President. The Steele dossier, paid for by the Clinton campaign, led to a two-year Mueller investigation to determine whether Russia colluded with the Trump campaign. It found no collusion and proved no obstruction of justice.
In the investigation, Trump colleagues were badgered, indicted, and imprisoned for activities that had nothing to do with “Russian collusion.” In contrast, Hillary Clinton was exonerated for sending top secret and classified emails on an unsecured computer. Members of a biased Department of Justice who attempted the de-facto coup d’état of the President were never penalized with criminal indictments.
As he faces re-election, powerful forces are arrayed against him and the polls show him losing to the unimpressive and clueless Joe Biden
While the Mueller probe was ongoing, investigations were launched into his relationship with Stormy Daniels, his tax returns, his businesses, and his private foundation. All were conducted by a partisan House of Representatives.
Eventually, his phone call with the President of Ukraine was leaked and investigated. This led to hearings and his eventual impeachment by congressional Democrats, without a single Republican vote. The Senate trial resulted in a partisan effort to convict the President that generated only one GOP vote, well short of the necessary margin for removal.
Immediately thereafter, the Covid-19 crisis forced the government to shut down and the President was blamed for everything from virus deaths to the economic woes of the country.
Thereafter, the George Floyd murder sparked countrywide protests that often degenerated into disastrous riots. As the President tried to restore order, he was blasted by critics for threatening to use the U.S. military.
No matter what he does, his many opponents will criticize him. Independent analysts show that the mainstream media coverage of Trump has been 95% negative.
Recently, the media have returned to hyping the threats of Covid-19 and criticizing the President for staging his Tulsa rally, even though they commended the Black Lives Matter protesters.
As he faces re-election, powerful forces are arrayed against him and the polls show him losing to the unimpressive and clueless Joe Biden. Make no mistake, there will be a full court press to defeat him in November.
Nonetheless, Americans would be wise not to count out the man who has defied all expectations from the day he came down the escalator.
Conservative thinker Larry Elder appears for a lengthy conversation with Jan Jekielek about race and politics for the Epoch Times show, American Thought Leaders.
…”Democrats don’t want a color-blind society, they want a color-coordinated society”… ~ Larry Elder
Tonight in Tulsa, Oklahoma, the official start of the Trump 2020 campaign begins with a MAGA/KAG rally at the BOK Center. Over a million people requested tickets for the event. A stage was constructed outside the main venue to facilitate pre-rally activities & in case a dual event was needed. 6:45pm outdoor POTUS remarks were cancelled.
The approximately start time is 8:00pm ET for President Trump to deliver remarks inside the arena. Livestream Links Below:
Chopper pressers are the best pressers. Departing the White House for Tulsa, Oklahoma, President Trump paused to answer a few questions from the assembled press pool:
“That’s all up to the attorney general. Attorney General Barr is working on that. That’s his department, not my department. But we have a very capable attorney general, so that’s really up to him. I’m not involved.”
On judge’s ruling re John Bolton book:
POTUS said the judge was “very powerful in his statements on classified information and very powerful also on the fact that the country will get the money — any money he makes. So I hope a lot of books — uh, well, I probably shouldn’t hope that but whatever he makes, he’s going to be giving back. … I think judge was very smart and very indignant at what Bolton did. It was a great ruling. Obviously, the book was already out. It leaked and everything else. But he leaked classified information so he’s got a big problem.”
On Tulsa rally:
“The event in Oklahoma is unbelievable. The crowds are unbelievable. They haven’t seen anything like it. We will go there now. We’ll give a hopefully good speech, see a lot of great people, a lot of great friends.”
On India and China border dispute:
”It’s a very tough situation. We’re talking to India. We’re talking to China. They’ve got a big problem there. They’ve come to blows and we’ll see what happens. We’ll try and help them out.”
WHITE HOUSE STATEMENT – The United States District Court for the District of Columbia today vindicated the Government’s claims against former National Security Adviser John Bolton, ruling that “Bolton likely jeopardized national security by disclosing classified information in violation of his nondisclosure agreement obligations.”
The court rightly chastised Bolton for treating as “intolerable” a review process for his book that the court believed was “reasonable.” As the court explained, “Bolton has gambled with the national security of the United States,” hoping to secure profits by violating his nondisclosure agreements. But Bolton bet wrong, and the downside of his losing bet is that he “stands to lose his profits from the book deal, exposes himself to criminal liability, and imperils national security.”
The court denied the Government’s request for an injunction solely because Bolton’s wrongful conduct—carried out in secret—had already ensured that the book was so widely disseminated that the court believed it could no longer grant an effective remedy.
The Government intends to hold Bolton to the further requirements of his agreements and to ensure that he receives no profits from his shameful decision to place his desire for money and attention ahead of his obligations to protect national security. (LINK)
Attorney General Bill Barr responds to SDNY U.S. Attorney Geoffrey Berman who announced his refusal to leave his position last night:
…”Because you have declared that you have no intention of resigning, I have asked the President to remove you as of today, and he has done so.”…
Shorthand: You’re fired.
As we noted last night all the right resistance members have gone bananas. However, despite all the pearl-clutching, there’s no doubt in my mind Barr has this well in hand.
Common sense would tell us the attorney general knows House Judiciary Chairman Jerry Nadler is attempting to have him impeached. AG Bill Barr would not make any controversial personnel move -that provides Nadler ammunition- without having every angle of the removal covered.
First Review The Backstory – Next step, remember there is a ton of background material around these moves that connects to a much larger DOJ review. CTH has written some of the aspects on a TWITTER THREAD HERE, I’m not going to go too deep again.
Out of an abundance of caution; and knowing there are resistance members who review CTH analysis; CTH is not going to get too specific about the most likely strategy AG Bill Barr is using here. However, that said,… and with some cautious optimism to enhance my professional skepticism,… there is a clear play at the front of these moves.
How was AG Bill Barr ever going to bring the background DOJ material to the forefront?
How does the AG present material to the public when he knows the resistance agenda is going to be to frame him as being politically motivated?
AG Barr knows the motive of Nadler is to diffuse the damning material from the DOJ investigation by shouting that Bill Barr is doing the bidding of President Trump.
Traditional approaches will not work in this highly partisan era. Even the most stunning evidence of prior DOJ/FBI politicization and misconduct will be obfuscated by media around the Nadler narrative. Taking the initiative to hold a press conference, to release investigative findings, will not work.
AG Barr needs a mechanism to bring the material to the public square.
AG Barr needs the initiative to originate within the opposition.
There’s no better mechanism than by using the Br’er Rabbit approach…. “don’t throw me into the briar patch” etc.
The AG can, likely has, achieved this mechanism by baiting Democrats and media into framing him as being political. Reacting to the demands, Barr then releases his investigative findings as an outcome of accusations against him; while simultaneously saying it wasn’t his idea to bring this stuff to the surface, but he is being forced to by the false narrative(s) framed to impugn his motive.
This approach captures the attention of the public and positions political and media opposition in a way they can’t accuse Barr of improper motive because it is their claims and accusations that have driven the need for sunlight. The opposition are the initiators.
The Democrats and Media will have thrown Br’er Barr into the briar patch, and now Barr is forced to explain all of the background material so that everyone can understand.
In combination with a series of DOJ and FBI personnel moves that are timed to conclude on Friday, July 3rd,… Barr has a previously scheduled interview with Maria Bartiromo tomorrow, Sunday June 21.
The Friday night removal of SDNY Geoffrey Berman, appears timed to ignite exactly what has taken place in the last 24 hours… and the pre-scheduled interview looks purposeful.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Because China sees their strategic panda mask approach being used against their own interests; and because Beijing now sees their economy contracting due to the long-term strategy being deployed by President Trump; China is getting a little more desperate:
Centinel2012 