Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Trump Triumphant

 

President Trump and America have withstood so much organized opposition, just this year to date. And yet, he and we still stand. Her is the list so far for 2020: the Chinese Communist Party plague, Russia and our good friends the Saudis crashing the global oil market, and clearly organized destruction by arson, smashing, and large scale theft. Today, President Trump stood smiling in the Rose Garden telling the good news for America, and the very bad news for the Democrat-Media complex, that jobs are coming back much faster than the “experts” expected. Small business owners had cause to smile, as well, because the president signed a one-page law improving the Paycheck Protection Program; see the bottom of this post for the full text.

A series of unfortunate events:

Remember where we have recently been. To start, the Chinese Communist Party unleashing the Wuhan virus on the globe. Health agency bureaucrats bungled and then panicked with a dangerous experimental prescription that crashed the economy. Local leaders, who American voters had long ignored as unimportant, became little dictators. They revealed the true human nature that the Framers warned and sought to guard against in the construction of our Constitution. Their contempt for religion, for small business people, for ordinary Americans, was nakedly on display.

In the midst of the Chinese Communist Party plague, the Russians and the House of Saud sought to kill off the American oil industry that had capped the prices they could command by unleashing oceans of American energy into the global market. The Russians and Saudis both need higher prices to keep power and finance their domestic and foreign programs. There was great concern that there would be lasting damage to our economy, jobs, and energy independence, as our oilmen were driven out of the market by prices so low it cost more to pump than they would earn.

Most recently, organized crime and coordinated radical leftist groups, abetted by our media and the Democrat Party, turned the death of a man handcuffed in police custody into an opportunity to stop recovery and smash the very urban areas that President Trump had focussed on assisting for the past three years. There was nothing spontaneous about this. The massive campaign of destruction was in desperation after senior Democrat Party officials were anonymously quoted fearing the economy would be sufficiently recovered to allow the reelection of President Trump.

Schemes fail:

The first Friday of June, President Trump strode to the lectern in the Rose Garden. The sun was shining and the birds were singing as President Trump spoke doom on the Democrats and their media jackals. He got to issue a huge “I told you so.” He had been saying for a month that he believed we would be back much faster than the usual experts projected. Now he had numbers to back his hopes and dreams.

The health experts, Democrat dictators, and their media wing, who had attacked young people gathering on beaches, people gathering to worship in obedience to a much higher Authority, were first silent and then actually tried justifying mass demonstrations, rioting, and property destruction. This past week has completely negated Dr. Fauci and Dr. Birx as any kind of authoritative voices. They were silent on New York killing off the elderly in nursing homes with criminally reckless edicts. Now they have been silent on much larger gatherings than those they have told us we must not have. Their silence, then and now, is eloquent. We are entitled to input all the bad motives or cowardice we like.

John Roberts has been beclowned in his attack on Christianity. The Democrats he counted on keeping to his friendly guidance, to continue suppressing the biblical command to gather in worship and prayer, did not cooperate. They have allowed mass political marches that serve their interests, while prohibiting religious gatherings that do not serve their interests. The end result is a stronger case for President Trump’s reelection, to include shoving Bush’s judge into irrelevance on the center-left side of the bench.*

At the same time, the economy is roaring back. Unemployment was supposed to be over 20 percent in May, instead, it was falling, reaching just under 15 percent. The Washington Post’s headline wailed “Experts predicted 20 percent unemployment in May, how did they get it so wrong?” Here is the beginning of the Department of Labor report:

In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week’s revised average. The previous week’s average was revised up by 750 from 2,608,000 to 2,608,750.

The advance seasonally adjusted insured unemployment rate was 14.8 percent for the week ending May 23, an increase of 0.5 percentage point from the previous week’s revised rate. The previous week’s rate was revised down by 0.2 from 14.5 to 14.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 21,487,000, an increase of 649,000 from the previous week’s revised level. The previous week’s level was revised down by 214,000 from 21,052,000 to 20,838,000. The 4-week moving average was 22,446,250, a decrease of 222,500 from the previous week’s revised average. The previous week’s average was revised down by 53,500 from 22,722,250 to 22,668,750.

[. . .]

The advance number of actual initial claims under state programs, unadjusted, totaled 1,603,000 in the week ending May 30, a decrease of 314,604 (or -16.4 percent) from the previous week. The seasonal factors had expected a decrease of 102,045 (or -5.3 percent) from the previous week. There were 189,577 initial claims in the comparable week in 2019. In addition, for the week ending May 30, 36 states reported 623,073 initial claims for Pandemic Unemployment Assistance.

The advance unadjusted insured unemployment rate was 13.2 percent during the week ending May 23, an increase of 0.3 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 19,295,200, an increase of 437,072 (or 2.3 percent) from the preceding week. The seasonal factors had expected a decrease of 145,864 (or -0.8 percent) from the previous week. A year earlier the rate was 1.1 percent and the volume was 1,521,741.

Over the past two days, Governor Abbot, Republican of Texas, has trumpeted on Twitter that Texas is leading in getting out of COVID-19 infections and now leading in economic recovery. Democrat governors’ failure on multiple levels is coming into stark contrast with Republican-led states. President Trump was happy to make the point, while not rubbing it in too hard in the Rose Garden.

Meanwhile, oil stocks surged, as the price of crude rose and American producers look more likely to restart their wells.

Fueling today’s rally in the oil market was a report by Bloomberg that OPEC and its partners will extend the current supply curtailment rate until the end of July. The group had planned to curb its combined output by 9.7 million barrels per day (BPD) in May, the reduction to taper off to 8 million BPD through the end of this year. However, OPEC now appears poised to extend the higher reduction for at least the next two months.

While OPEC plans to continue choking back production, many producers in the U.S. are restarting idled oil pumps thanks to the recent improvement in pricing. Meanwhile, with WTI approaching $40 a barrel, these companies could soon resume their drilling programs. Because of that, more oil should flow into midstream assets over the next few months, bolstering that sector’s cash flow.

If, indeed, the American people want peace in the land, this president is promising peace through prosperity. He points to real economic justice as rising jobs and wages. He points to renewing neighborhoods through private investment in opportunity. He called the latest economic news “an affirmation of the last three and a half years:”

President Trump concluded the Rose Garden event with a public signing of the bipartisan “Paycheck Protection Program Flexibility Act of 2020.” This law modifies certain provisions related to forgiveness of loans under the Paycheck Protection Program and allows loan forgiveness recipients to defer their payroll taxes. The concern over being able to rehire enough employees and to operate under local COVID-19 restrictions led to a prompt and responsive bipartisan act giving small businesses the flexibility they need. President Trump was happy to praise both sides of the aisle in Congress for this.


* No, Alito is not a Bush judge. He was forced on Bush, who wanted his crony, Harriet Miers, on the Supreme Court bench. Conservatives rose up, Laura Ingraham in the lead on the radio, to stop Bush and then force a real conservative on him.

** The whole bill is laudably short and to the point!

An Act

To amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow recipients of loan forgiveness under the paycheck protection program to defer payroll taxes, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Paycheck Protection Program Flexibility Act of 2020”.

SEC. 2. MATURITY FOR LOANS WITH REMAINING BALANCE AFTER APPLICATION OF FORGIVENESS.

(a) Extension Of Covered Period.—Section 7(a)(36)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(36)(A)(iii)) is amended by striking “June 30, 2020” and inserting “December 31, 2020”.

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  1. Bob Thompson Member

    Clifford A. Brown: John Roberts has been beclowned in his attack on Christianity. The Democrats he counted on keeping to his friendly guidance, to continue suppressing the biblical command to gather in worship and prayer, did not cooperate. They have allowed mass political marches that serve their interests, while prohibiting religious gatherings that do not serve their interests. The end result is a stronger case for President Trump’s reelection, to include shoving Bush’s judge into irrelevance on the center-left side of the bench.*

    I would like to know more about Roberts. He makes it look as if something is being held over him that stops his acting out the constitutional stance it was thought he would take when appointed. But maybe it was just a misjudgment like others we know about.

    • #1
    • June 5, 2020, at 1:06 PM PDT
    • 5 likes
  2. Rodin Member

    Sadly this means the Progressives going back into the lab to double down on the next plague to unleash on the country.

    • #2
    • June 5, 2020, at 1:27 PM PDT
    • 7 likes
  3. Goldwaterwoman Thatcher

    Thanks for your post Clifford. Lord knows we can all use some good news for a change. 

    • #3
    • June 5, 2020, at 1:55 PM PDT
    • 6 likes
  4. Scott Wilmot Member

    Great post Clifford. I hope this makes it to the Main Feed so I can send a link to my children.

    • #4
    • June 5, 2020, at 2:04 PM PDT
    • 4 likes
  5. Flicker Coolidge

    Bob Thompson (View Comment):
    I would like to know more about Roberts. He makes it look as if something is being held over him that stops his acting out the constitutional stance it was thought he would take when appointed. But maybe it was just a misjudgment like others we know about.

    Apparently he was blackmailed early on (if that’s not a conspiracy theory, I don’t now what is). Word on the street (with respect to Harry Reid) is that he engaged in two illegal adoptions, moving Irish expectant mothers from Ireland to Central America to give birth, where the adoption would take place. This is apparently against an Irish law forbidding the adoption of Irish children by foreign nationals or adoption and removing them from Ireland (or something to that effect).

    If this is true, I can see that it would create all kinds of trouble for Chief Justice Roberts.

    • #5
    • June 5, 2020, at 5:17 PM PDT
    • 4 likes
  6. cdor Member
    cdor Joined in the first year of Ricochet Ricochet Charter Member

    Thank you @cliffordbrown. What a way to start the weekend! I asked my wife this morning (she is a bit more active out of the home than me) if she noticed more activity in the economy as she ran around doing the things that she does. She said that she did notice more people out and about and she wasn’t talking about protestors and rioters. I mentioned that after all of this calamity foisted upon our country, with the Chinese disease and resultant lockdown over the last several months and now the riots, we are waking up on a weekend morning to news of 2.5 million jobs created in May (as opposed to the 7.5 million projected by our experts to be lost) and our savings portfolio within a mere percentage point of were it was when this started. 

    • #6
    • June 6, 2020, at 8:50 AM PDT
    • 6 likes
  7. JamesSalerno Coolidge

    It’s been stated that Trump polls poorly with suburban women. With all of the violence and anarchy engulfing the country right now, I wonder if that has changed.

    • #7
    • June 6, 2020, at 12:24 PM PDT
    • 5 likes
  8. Clifford A. Brown Contributor
    Clifford A. Brown

    JamesSalerno (View Comment):

    It’s been stated that Trump polls poorly with suburban women. With all of the violence and anarchy engulfing the country right now, I wonder if that has changed.

    Not yet showing, perhaps unwilling to say so, but look at President Trump job approval by blacks. This, on top of Friday news must be causing deep concern in DNC.

    • #8
    • June 6, 2020, at 2:03 PM PDT
    • 2 likes
  9. Rodin Member

    Clifford A. Brown (View Comment):
    This, on top of Friday news must be causing deep concern in DNC.

    Shush, don’t tell them. They likely dismiss it as “fake news” so don’t do anything to make them question their assumptions. In November we need (1) a Trump victory, and (2) as big a margin as can be obtained. A close victory will just cause them to double, triple, quadruple down in their vitriol. The only hope is to smash them so hard that they bleed allies.

    • #9
    • June 6, 2020, at 4:55 PM PDT
    • 2 likes
  10. Bill Nelson Member

    At each major event, President Trump has failed badly. His response to the current unrest has done nothing but make it worse.

    • #10
    • June 8, 2020, at 4:52 PM PDT
    • Like
  11. cdor Member
    cdor Joined in the first year of Ricochet Ricochet Charter Member

    Bill Nelson (View Comment):

    At each major event, President Trump has failed badly. His response to the current unrest has done nothing but make it worse.

    Let me see if I can give you a response carrying equal weight to your statement. OK, here it goes…WRONG! WRONG! You are WRONG.

    • #11
    • June 9, 2020, at 8:35 AM PDT
    • 3 likes
  12. Flicker Coolidge

    cdor (View Comment):

    Bill Nelson (View Comment):

    At each major event, President Trump has failed badly. His response to the current unrest has done nothing but make it worse.

    Let me see if I can give you a response carrying equal weight to your statement. OK, here it goes…WRONG! WRONG! You are WRONG.

    Trump could give a message at a joint session of congress, but I don’t think that would turn out too well. What more could Trump do? He’s feeling for the black community, he’s supporting the police, and offering troops to restore order and is being rebuffed. What more could he do to “lead”? Kneel?

    • #12
    • June 9, 2020, at 1:12 PM PDT
    • 1 like
  13. Goldwaterwoman Thatcher

    Rodin (View Comment):
    A close victory will just cause them to double, triple, quadruple down in their vitriol. The only hope is to smash them so hard that they bleed allies.

    We can only hope. 

    • #13
    • June 9, 2020, at 1:24 PM PDT
    • 2 likes
  14. Bill Nelson Member

    Flicker (View Comment):
    He’s feeling for the black community

    And how has he shown this? He has not. And nor is he capable. 

    • #14
    • June 9, 2020, at 1:36 PM PDT
    • Like
  15. Goldwaterwoman Thatcher

    Bill Nelson (View Comment):
    And how has he shown this? He has not. And nor is he capable. 

    You have obviously made your mind up that Trump is bad and can do nothing right as he is seriously flawed, so I see no reason to try and convince you otherwise. By the same token, it would do you no good to argue your position with me as I am as intractable as you and believe him to be most capable. I will definitely vote for him, but what are your choices? You can (1)stay home in November, (2)vote for Biden in protest or (3)hold your nose and vote for Trump. Those are your choices. 

    • #15
    • June 9, 2020, at 2:01 PM PDT
    • 3 likes
  16. Flicker Coolidge

    Bill Nelson (View Comment):

    Flicker (View Comment):
    He’s feeling for the black community

    And how has he shown this?

    Verbally, and otherwise through executive orders to help blacks, and to lead the economy to where black employment is up.

    • #16
    • June 9, 2020, at 2:09 PM PDT
    • 1 like
  17. Bill Nelson Member

    Goldwaterwoman (View Comment):
    he is seriously flawed

    Trump’s actions have demonstrated this fairly clearly. His tweets are a clear indication of his serious flaws. 

    • #17
    • June 9, 2020, at 7:53 PM PDT
    • Like
  18. Bill Nelson Member

    Flicker (View Comment):

    Bill Nelson (View Comment):

    Flicker (View Comment):
    He’s feeling for the black community

    And how has he shown this?

    Verbally, and otherwise through executive orders to help blacks, and to lead the economy to where black employment is up.

    Like “good people on both sides”? And name one executive order targeted to blacks. And the economy was largely driven by tax policy from congressional republicans. Trump has no real policies, and has little input with congress.

    • #18
    • June 9, 2020, at 7:58 PM PDT
    • Like
  19. Flicker Coolidge

    Bill Nelson (View Comment):
    Like “good people on both sides”?

    Now you see? That’s just wrong, and uncalled for.

    • #19
    • June 9, 2020, at 8:10 PM PDT
    • 1 like
  20. Clifford A. Brown Contributor
    Clifford A. Brown

    Bill Nelson (View Comment):

    Flicker (View Comment):

    Bill Nelson (View Comment):

    Flicker (View Comment):
    He’s feeling for the black community

    And how has he shown this?

    Verbally, and otherwise through executive orders to help blacks, and to lead the economy to where black employment is up.

    Like “good people on both sides”? And name one executive order targeted to blacks. And the economy was largely driven by tax policy from congressional republicans. Trump has no real policies, and has little input with congress.

    You start with a lie, a deliberate deception. The rest is you putting your fingers in your ears and closing your eyes to preserve your irrational contempt.

    • #20
    • June 9, 2020, at 11:36 PM PDT
    • 3 likes