RUTHFULLY YOURS

The U.S. economy is hitting a sweet spot seldom seen in past expansions, posting in July a record 82nd straight month of job creation and an unemployment rate at a 16-year low, despite slow growth in output.

Economic growth has been stuck stubbornly near a 2% annual rate, the weakest expansion in output since World War II. But by a range of measures the economy is pushing into new territory, including record stock-price highs, improving consumer confidence and rising corporate profits. Even wages, though rising slowly, are advancing at a healthy pace when adjusted for exceptionally low inflation.

The latest evidence was a Labor Department report Friday that showed U.S. employers added 209,000 jobs to payrolls in July and the unemployment rate fell to 4.3%. With the July increase in hiring, the record stretch of monthly hiring is equivalent to six years and 10 months, almost three years longer than the second-best streak, from 1986 to 1990.

Expansions tend to get tripped up by boiling excesses, like a housing bubble in the 2000s, a tech bubble in the 1990s and inflation in the early 1980s. But this economy appears to have some more room to run as it enters its ninth year.

Other parts of the global economy, including Europe and China, are contributing after stumbles in recent years, adding to global growth that is spilling back to the U.S.

“Compared to six months ago, the global economic outlook has certainly shifted in a positive direction,” said John Silvia, chief economist at Wells Fargo. In the U.S., “there are more jobs, and better jobs, and that’s a confidence builder.”

Hiring accelerated this summer after a spring slowdown, keeping job growth in line with last year’s pace despite expectations among some economists that hiring would cool this year.

Other economic markers are flashing green. The stock market is at records, with the Dow Jones Industrial Average topping 22000 this week. Low unemployment and modest inflation have stoked consumer confidence to the highest levels since 2000, and that could slowly be translating into more consumer spending, which accelerated in the second quarter.

That points to an economy set to outperform the long but sluggish expansion’s 2.1% average annual growth rate through June.

“This is not a 2% economy,” said Ellen Zentner, chief U.S. economist at Morgan Stanley. “If you look at the domestic economy, it’s much stronger.” CONTINUE AT SITE

https://pjmedia.com/video/maxine-waters-is-encouraging-more-people-to-leak-confidential-info-from-the-white-house/
On The View, Rep. Maxine Waters (D-CA), one of the leaders of the the impeach-Trump movement, encouraged more confidential leaking from the Trump administration. After a panelist questioned, “We don’t need to hear these conversations, they’re confidential,” Waters said, “I need to hear these conversations.” She simply denied that foreign countries might view these leaks as a sign that the U.S. is a non-secure environment for discussing key matters and that therefore we will lose significance and trust worldwide. She simply denied that part.

While she was denying things, Waters said that, “I am not running for anything except the impeachment of Trump.” Maybe we should be thankful she won’t run for President?

Unmasking’ Scandal: Day by day, the scandal of the Obama administration’s abuse of domestic intelligence gathered by the National Security Agency grows. Forget the phony Russia-Trump collusion charges — the Obama White House looks increasingly to have committed a crime by using U.S. intelligence for political purposes.

The NSA’s insatiable gathering of data and conversations on Americans make it a potentially highly dangerous enemy of Americans’ freedoms. Who would want to have a federal government spy shop that knows almost everything you do in public, on the phone, by email, or by computer?

That’s why the super-secret NSA, which is much bigger than the better-known CIA, has always operated under strict guidelines for how its intel could be used. In its reports, Americans who are surveilled without a warrant while speaking to a foreign citizen are routinely “masked” — that is, their identity is kept secret — unless there’s an overwhelming national security interest in that person being “unmasked.”

Unfortunately, like a child with a dangerous new toy, the Obama administration apparently seems to have believed that the NSA could be used for narrow, political purposes.

As a result, a number of administration officials and Obama supporters, including former National Security Advisor Susan Rice, former U.N. Ambassador Samantha Power and former CIA chief John Brennan, have been subpoenaed by the House Intelligence Committee to answer some questions.

On Wednesday, the panel announced another subpoena had been issued for a former Obama official, this for former Deputy National Security Advisor Ben Rhodes. Our guess is it won’t be the last.

This mega-scandal, by the way, has been building for months, though you would hardly know by the near-silence it’s been treated with in the media.

But there are exceptions. Back on May 24, the online journal Circa reported that the scandal was far more serious than it first appeared.

“The National Security Agency under former President Barack Obama routinely violated American privacy protections while scouring through overseas intercepts and failed to disclose the extent of the problems until the final days before Donald Trump was elected president last fall, according to once top-secret documents that chronicle some of the most serious constitutional abuses to date by the U.S. intelligence community,” wrote Circa investigative reporter Sara A. Carter.

Now, this week, Carter reports that the scandal is much bigger than suspected. A review of government documents found that “government officials conducted 30,355 searches in 2016 seeking information about Americans in NSA intercept meta-data, which include telephone numbers and email addresses,” Carter wrote.

She notes that the election-year searches by Obama’s political aides and other government officials jumped 27.5% from 2015, tripling the “9,500 such searches” in 2013. “In 2016 the administration also scoured the actual contents of NSA intercepted calls and emails for 5,288 Americans, an increase of 13% over the prior year and a massive spike from the 198 names searched in 2013.”

Before the Obama administration, under rules propagated by former President George H.W. Bush, “unmasking” incidental intelligence targets was strictly limited and frowned upon. Even after 9/11, despite increased surveillance of people with potential terrorist ties, the rules stayed in place. The potential for abuse, they knew, was too great.

But that ended in 2011 as Obama, using the pretense of fighting a War on Terror that he never even believed in, loosened the rules. As the Washington Examiner reported earlier this week, in 2013 National Intelligence Director James Clapper formally loosened the rules on “unmasking” the names of congressional staffers, elected officials and others.

That major violations occurred under this program seems clear. Last week, House Intelligence Committee Chair Devin Nunes in a letter to Director of National Intelligence Dan Coats noted that “the total requests for Americans’ names by Obama political aides numbered in the hundreds during Obama’s last year in office and often lacked a specific intelligence community justification,” according to The Hill.

In particular, Nunes pointed out that “one official, whose position had no apparent intelligence related function, made hundreds of unmasking requests” in 2016. Speculation is that the official was U.N. Ambassador Samantha Power.

Is this a crime? We do know that the FISA Court, in a closed-door hearing last October, already censured White House officials for their violations of Americans’ email privacy, citing an “institutional lack of candor” that had become a “very serious Fourth Amendment issue.” CONTINUE AT SITE