"adopting a whole new approach centered entirely on the well-being of the American worker."

Don Surber brings us remarks made by President Trump today in Davos Switzerland at the World Economic Forum.

President Donald John Trump's address at Davos this morning was a lesson on governance by a man who entered politics less than 5 years ago.

Our president said, "America’s newfound prosperity is undeniable, unprecedented and unmatched anywhere in the world. America achieved this stunning turnaround not by making minor changes to a handful of policies, but by adopting a whole new approach centered entirely on the well-being of the American worker."

That is incredible. A billionaire spoke to fellow billionaires, fellow world leaders, and academics not about the swell digs they were staying at or the lush cuisine they enjoyed.

President Trump talked about actually serving the people who entrusted them with power.

He said, "Every decision we make on taxes, trade, regulation, energy, immigration, education and more is focused on improving the lives of everyday Americans. Only when governments put their own citizens first will people be fully invested in their national futures."

The president went through all the economic numbers. 3.5% unemployment. Consumer confidence up. Records shattered in the stock market. But his remarks on governing -- words that the press will largely ignore -- underscored the point that he indeed is the people's president.

Read more here.

Main Street versus Wall Street

No one that I know of compares with Sundance at the Conservative Treehouse in helping us understand what Trump is doing economically.

CTH has pointed, repeatedly, toward a very specific economic and financial dynamic because President Trump is uniquely focused on Main Street’s “real economy“.

...If you understand the basic elements behind the new dimension in American economics, you already understand how three decades of DC legislative and regulatory policy was structured to benefit Wall Street, Multinational corporate interests, and not Main Street USA.

...President Trump and Treasury Secretary Mnuchin have already begun assembling and delivering a new banking system.

Instead of attempting to put Glass-Stegal regulations back into massive banking systems, the Trump administration is creating a parallel financial system of less-regulated small commercial banks, credit unions and traditional lenders who can operate to the benefit of Main Street without the burdensome regulation of the mega-banks and multinationals. This really is one of the more brilliant solutions to work around a uniquely American economic problem.

...Specifically due to most recent U.S. fiscal policy, modern multinational banks, including all of the investment products therein, are more closely attached to this investment system on Wall Street. It stands to reason they are at greater risk of financial losses overall with a shift in economic policy.

That financial and economic risk is the basic reason behind Trump and Mnuchin putting a protective, secondary and parallel, banking system in place for Main Street.

Big multinational banks can suffer big losses from their investments, and yet the Main Street economy can continue growing, and have access to capital, uninterrupted.

...Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing, trade and the ancillary benefactors.

Meanwhile U.S. investment assets (multinational investment portfolios) that are disconnected from the actual results of those benefiting U.S. companies, highly weighted toward multinational investment, and as a consequence disconnected from the U.S. economic expansion, can simultaneously drop in value even though the U.S. economy is thriving. THIS IS EXACTLY what is happening!

Read more here.

Economic pontificators stunned

Sundance reports at The Conservative Treehouse,

According to the Bureau of Labor Statistics the U.S. MAGAnomic economy added 313,000 jobs in February, crushing expectations. In addition to the stunning job growth in February, previous months’ counts were revised much higher: December was revised upward from 160,000 to 175,000 (+9.38%); January saw a massive boost from 200,000 to 239,000 (+19.5%). The three-month average is now 242,000.

Economists surveyed by Reuters had previously predicted payroll growth of 200,000. The result of 313,000 stunned prior economic pontificators, and is 56% higher than expected.

Additionally, the jobs gains were solid in higher wage sectors of the economy: Construction (+61K), Manufacturing (+31k), Business Services (+50k). See below.

[Labor and Statistics] […] In February, construction employment increased by 61,000, with gains in specialty trade contractors (+38,000) and construction of buildings (+16,000). Construction has added 185,000 jobs over the past 4 months.

Read more here.

Trump's economic strategy

Sundance writes at The Conservative Treehouse,

The economic strategy of President Trump is so consequential and encompassing, even the domestic effects are felt globally.

♦Removing the U.S. from the multinational TPP trade deal initially planted the seeds of doubt amid multinational trade forecasters because the shift positioned the U.S. with unique leverage. They saw Trump using access to the worlds largest market as a negotiating strategy.

♦A few months later, President Trump walked away from the ridiculous regulatory restrictions within the Paris Climate Treaty. Instantaneously this put even more strategic manufacturing and economic advance on the U.S. ledger, and simultaneously made American energy independence a foregone conclusion.

♦And now that congress has codified President Trump’s lower domestic business taxes, in conjunction with opening up ANWR for energy development (a strategic economic goal for 20+ years), the size of the U.S. economic and manufacturing advantage has just increased U.S. trade leverage to almost unimaginable levels.

Economic Nationalism – President Trump’s strategy has created: •Lower and long-term predictable energy costs, not attached to OPEC or multinational influence; •Lower and long-term raw material costs due to slashed regulatory environment; •lower and long-term business manufacturing tax rates; and now Trump begins negotiating trade deals.

Add these advantages together within the largest economic market in the world and the U.S. is now the place where manufacturers will want to do business. Additionally, the process of utilizing Canada and/or Mexico as a workaround into the U.S. market, via NAFTA, is on the cusp of removal.

Go here to read more, especially to read what Sundance is surmising about China.

Trump's economic plans explained

At The Last Refuge, Sundance reports that the Senate confirmed Trump's nominee for Secretary of Treasury, Steve Mnunchin.

Confirmation means that Mnuchin will be in a position to help carry out Trump’s ambitious agenda for cutting tax rates, lessening financial regulation and revamping trade agreements.

...One of the larger hurdles President Trump faces is a need to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a Pro-Main Street, goods-based, manufacturing, technology, innovation and industry driven economic model.

...What you will find in all of Donald Trump’s positions, is a paradigm shift he necessarily understands must take place in order to accomplish the long-term goals for the U.S. citizen/worker as it relates to “entitlements” or “structural benefits”.

All other politicians begin their policy proposals with a fundamentally divergent perception of the U.S. economy. They are working with, and retaining the outlook of, a U.S. economy based on “services”; a service-based economic model. Consequently their forecasted economic growth projections are based on ever-increasing foreign manufacturing dependency, and even more solidifying service-based economics.

While this economic path has been created by decades old U.S. policy, and is ultimately the only historical economic path now taught in school, Trump intends to change the course entirely.

...Candidate Trump is proposing less dependence on foreign companies for cheap goods, (the cornerstone of a service economy) and a return to a more balanced U.S. larger economic model where the manufacturing and production base can be re-established and competitive based on American entrepreneurship and innovation.

...The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S., is offset by utilizing innovation and energy independence.

The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector is unleashed -and fully developed- the manufacturing price of any given product will allow for global trade competition even with higher U.S. wage prices.

In addition the U.S. has a key strategic advantage with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing. Trump proposes we stop selling these valuable national assets to countries we compete against – they belong to the American people, they should be used for the benefit of American citizens. Period.

EXAMPLE: Currently China buys and recycles our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then uses those metals to reproduce manufactured goods for sale back to the U.S. – Donald Trump is proposing we do the manufacturing ourselves with the utilization of our own resources; and we use the leverage from any sales of these raw materials in our international trade agreements.

When you combine FULL resource development (in a modern era) with with the removal of over-burdensome regulatory and compliance systems, necessarily filled with enormous bureaucratic costs, Donald Trump feels we can lower the cost of production and be globally competitive.

In essence, Trump changes the economic paradigm, and we no longer become a dependent nation relying on a service driven economy.

...As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve. More money into the U.S Treasury and less dependence on welfare programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar. That is how the SSI and safety net programs are saved under President Trump.

When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.

President Donald Trump’s “America First” economic thinking is intensely generational in scope.

Simply put, we begin to….

…..Make America Great Again !

Read more here.