August PMI Increased 2.5 Percentage Points in July
The Institute for Supply Management (ISM) released its Report on Business for August and reports that economic activity expanded in the manufacturing sector for the 99th consecutive month. The report, issued by Timothy R. Fiore, CPSM, CPM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:
The August PMI increased 2.5 percentage points from July to register 58.8 percent… Comments from the panel reflect expanding business conditions with new orders, production, employment, backlog and exports all growing in August, as well as supplier deliveries slowing (improving) and inventories increasing during the period.”
US Raw Steel Production Inched Up Last Week
US raw steel production last week inched up 0.4% as mills operated at an ACUR of 74.9%. In the corresponding week last year mills operated at an ACUR of 68.8%. Thus far this year mills have produced prox 61,000,000 tons compared to the prox 59,000,000 tons produced in the like period last year.
CFSBC Suggests Economic Activity Slowed
The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index decreased to -8 from +4 suggesting that growth in economic activity slowed to a modest pace in July and early August. The Manufacturing Index remained at +9.
North Korea Detonates H-Bomb
The little runt in North Korea detonated a hydrogen bomb over the weekend and has continued to make threats toward the United States. He is hell bent on a war which will end up in the deaths of many innocent people and likely the annihilation of North Korea, which is sad because he has treated his people inhumanely and they would most likely welcome the demise of Kim Jong Un, who is a useless piece of shit anyway.
Trump has rescinded the protections for DACA immigrants. The order to create this was made by President Obama, it was an unconstitutional move and only a “stop gap measure” according to the former president. Trump was correct to do this, yes it is sad for these people who are now adults but the fact is, they are here ILLEGALLY and have broken the law, whether knowingly or not (remember: ignorance of the law is no excuse).
That the president has seen fit to allow the Congress time to hash out a deal (likely amnesty) reveals his compassion for those involved. I say, let those who are contributing positively stay (criminals must go), but they must get in line and go through the citizenship process to become a naturalized American citizen. It is unlawful to allow illegal immigrants to remain here. That is precisely what the president has in mind.
Deals With Democrats
President Donald Trump said he accepted congressional Democratic leaders’ proposal to raise the federal government’s borrowing limit for three months as part of a Hurricane Harvey Relief aid bill.
This has pissed off some “elite” Republicans, but you know what? If his own party will not support his agenda then he may have to seek bi-partisan support for what he wants to do. In 2020 he may seek to run as an Independent so we can see who really supports him in order to get these things done. At that point, he can really pull the plug and drain the swamp.
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform Entitlement Reform
Business Tax Reform Education Reform X
Healthcare Reform X rollback begun Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS X Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”