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Steve Bannon Discusses China / Coronavirus  Ecomonics – The Prescience of The Trump Doctrine

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When evaluating economic impacts, specifically to the U.S, it is important to remember 80 percent of all activity within the U.S. is internal.  We create and consume eighty percent of our own production.

The U.S. economy is unique in the amount of balance within it as compared to other industrial economies.  We are not dependent on exports to sustain our economy; and we are not dependent on any imports at the macro level.  Unlike China, Asia and Europe, and despite decades of efforts by globalists and multinationals, the U.S. generates and sustains a tremendous amount of our own economic prosperity.

Obviously economic activity in China is severely impacted by the Coronavirus issues.  The level of their impact is not yet quantified; however, any economic contraction within China can have impacts on downstream economies based on their level of dependency.

As an example the European economy is heavily dependent on China for delivery of products and for Beijing to purchase industrial goods from the EU.  The result: when Beijing sneezes the EU economy catches a cold.

The U.S. economy is more balanced.  As a consumer economy we consume our own production and we have the resources to produce just about everything we need. 

The America First policy is specifically focused to keep this advantage in place.

by sundance

 WATCH THE SHOW 2/27/2020

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Extravagant Greeting with Massive Excited Crowds

 President Trump and Melania Arrive in India

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by sundance

The income of many long-term politicians on both Republican and Democrat sides of the aisle was completely disrupted by President Trump winning the election.

(Excerpt)

In the aftermath of the 2016 election the system within DC was not structurally set-up to receive a Donald Trump presidency.  President Donald Trump winning the election threw a monkey wrench into the entire DC system. In early 2017 the modern legislative machine was frozen in place.

If Hillary Clinton had won the election, her Oval Office desk would be filled with legislation passed by congress which she would have been signing. Heck, she’d have writer’s cramp from all of the special interest legislation, driven by special interest groups that supported her campaign, that would be flowing to her desk.

Why? Simply because the authors of the legislation, the originating special interest and lobbying groups, were spending millions to fund her campaign. Hillary Clinton would be signing K-Street constructed special interest legislation to repay all of those donors/investors.

When we understand the business of DC, we understand the difference between legislation with a traditional purpose and modern legislation with a financial and political agenda. The important part to remember is that the origination of the entire process is EXTERNAL to congress.

Congress does not write laws or legislation, special interest groups do. Lobbyists are paid, some very well paid, to get politicians to go along with the need of the legislative group.

Lobbyists take the law and go find politician(s) to support it. Politicians get support from their peers using tenure and status etc. Eventually, if things go according to norm, the legislation gets a vote.

This is the way legislation is created.

Within every step of the process there are expense account lunches, dinners, trips, venue tickets and a host of other customary financial way-points to generate/leverage a successful outcome. The amount of money spent is proportional to the benefit derived from the outcome.

When you are voting for a Congressional Rep or a U.S. Senator you are not voting for a person who will write laws. Your rep only votes on legislation to approve or disapprove of constructs that are written by outside groups and sold to them through lobbyists who work for those outside groups.

While all of this is happening the same outside groups who write the laws are providing money for the campaigns of the politicians they need to pass them. 

 by sundance

'You Are Fake News'

Click on image

He looks at the correspondents and gives them a stare,

I would answer your question and always be fair,

But you’re clowns, pantomimes, and innocuous gloats,

Pompous, grandstanding, obnoxious showboats.

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Click on image for the Feb. 20 show

UPDATE: Wednesday night’s Democrat debate in Nevada allowed for a sharp focus on the candidates’ personalities. It wasn’t pretty.

Warren: The debate had barely started when she said that one candidate is a “billionaire who calls women fat broads and horse-faced lesbians." With her hoarse voice and scolding manner, she was every mean old lady that children learn to fear.

Bloomberg was generally out of his league in the jostle and thrust of a debate. He’s used to the boardroom, a place in which everyone falls silent when he speaks. He came across as condescending and disconnected.

Bernie, as always, was the angry old man. He reiterated his usual points: socialized medicine, the horror of billionaires (he no longer mentions millionaires now that he’s one too), and the need for a command-and-control economy to fight climate change.

Poor Biden. Obama has practically disavowed him, but Biden is still clinging desperately to his coattails. He’s only marginally articulate most of the time and, as the evening wore on and fatigue caught up with the old guy, he stopped making sense. 

Buttigieg is just a bundle of smug. He’s the smart-ass teacher’s pet no one likes. He delivered his canned, mostly meaningless homilies with knowing little grins. He picked too many silly arguments, such as trying to denigrate Klobuchar for forgetting Mexican President Obrador’s name.

Klobuchar is a non-entity who desperately wants to be an entity. There’s a vacuum where her personality should be and she tries to fill it by boasting about her Minnesota election successes and her having voted on multiple bills in Congress. 

Not a single person on the stage is a leader or a statesman. There’s something almost tragic about the fact that the essence of the Democrat Party – the oldest continuously existing political party in the world – has been reduced to these six uninspiring, unqualified people.

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"The Rise of Democratic Idiocracy"

The Pop Culture Dictionary defines idiocracy as “a society run or made up of idiots.”

In this new Democratic world, the absurd is now the accepted norm, totally illogical thought becomes completely rational, scientific fact is discarded for the purpose of political expediency and historical fact is a tiresome inconvenience that can be ignored as needed.

Bernie Sanders

When asked by Norah O’Donnell of CBS -- as  friendly a liberal media TV interviewer as there could possibly be -- what his universal Government-run health plan would cost, Sanders replied, “I don’t know, no one knows.” He calls himself a “Democratic Socialist,” but is never asked to specifically explain exactly what that means, or what percentage “democratic” and “socialist” things are in his imaginary world

Michael Bloomberg

”Mike will get it done.” Get what done? To “Get it done,” Mike will have to create a new Bizarro world, a world where everything is different. In the real world -- the one where we all live -- President Trump has already gotten it done.

Joe Biden

Poor Joe. Is he even still in the race? He gives every indication of not knowing exactly what world he’s in from moment to moment. He’d have a better chance if he knew what state he was in.

Alexandria Ocasio-Cortez

Clearly the thought leader of the current Democratic Party. Her almost daily pronouncements are laughably detached from any semblance of reality. She spouts all the usual clichés: capitalism is bad, America is evil and deeply flawed, only the wealthy are doing well, etc., but the Democratic candidates parrot every single one of them.

Nancy Pelosi

She rips up her copy of President Trump’s SOTU speech and it’s okay. Nary a word of criticism from any Democratic politician or the liberal media. This from a person who says she is Catholic and there is no hate in her heart for the president. For Pelosi and the idiocrats, it’s fine to invoke religion when rationalizing their preferred behavior.

Despite constant media attacks and the manic, obsessive attempts by elected Democrats to somehow reverse and nullify his 2016 victory over the increasingly pathetic Hillary Clinton, President Trump continues to make huge progress on a wide front of issues. Minorities are doing better economically than at any time in our history, we’ve reduced carbon emissions more than any country on earth, wages for all are rising and we’re energy-independent. Every aspect of American life is getting better and better.

The Democrats have no real openings. So they’re reduced to fabricating an idiocracy where their candidates recite total nonsense and they think we’ll fall for it.

It should be especially concerning for Democrats that they’re losing their registration advantage to Republicans in the midst of a competitive Democratic Presidential primary. One would think that flocks of voters would rush to register as Democrats in order to cast votes in the primary, but if anything is occurring, it seems to be the opposite.

More Americans now identify as Republicans than they do as Democrats, according to new polling regarding party affiliation conducted by Gallup.

According to the polling, conducted on January 16th-19th, 30% of American identify as Republicans. 27% identify as Democrats. The largest category consists of independents, who form 42% of registered voters. Independents have consistently made up the largest category of American voters for decades.

The development represents a rarity in American politics, as generally Democrats have a numerical advantage in terms of party registration throughout recent political history.

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-Bloomberg’s money = destruction of the Democrat Party

Mike Bloomberg is luring the party’s elites into visibly betraying the principles most of its rank-and-file hold dear and identifying themselves as sellouts who can be bought by sheer force of lucre.  A bitter split will be hard to avoid.

Holman Jenkins of the Wall Street Journal gets right to the point in his headline “Bloomberg buys the Democratic elite.”

He’s distorting the incentives of activists, officials and campaign fixers who suddenly are thinking less about a presidential victory and more about the Bloomberg gravy train.

Jenkins cites examples of leaders betraying their people and their principles:

When a recording leaked of Mr. Bloomberg defending stop-and-frisk in New York, including his callous reference to throwing young African Americans “against the wall” .. Andre Fields of the liberal voting-rights group Fair Fight Action rushed out a tweet hitting him as a “true terrorist” but promptly deleted it. Fair Fight Action had received $5 million in funding from Mr. Bloomberg.

Three members of the Congressional Black Caucus helped out with timely endorsements of a man who spent at least $90 million on House Democratic races in the last 19 months.

Opinion leaders are also compromised:

New York Times columnist Tom Friedman on Wednesday joined in with 1,500 words implying that other Democratic candidates should make way for Mr. Bloomberg. He ended his piece with a disclosure that his wife’s charity was supported with Bloomberg donations.

With supporters of Bernie Sanders already convinced (with evidence) that the 2016 nomination was stolen from him, they will either stay home or support a splinter or small party radical leftist candidate.

One person who gets it is President Trump:

"If a guy came in and bought the election, if they bought the Democratic nomination, I really think you'd have a revolution within the Democrat Party. You had a mini-revolution last time, right, but you would have a real — because they took it away from him the last time, or at least it was perceived .. But this time they would be taking it away.

If a guy came in to buy it and took it away from Bernie, I think you'd have a revolution within that party."

Read more by Thomas Lifson @