Young people are right to be angry about their financial insecurity

Stephen Bannon’s nationalist call to arms, annotated

President Trump, when he was running, he made a — and this is the other thing that the — the mainstream media or opposition party never caught is that if you want to see the Trump agenda it’s very simple.

It was all in the speeches. He went around to these rallies, but those speeches had a tremendous amount of content in them, right? I happen to believe, and I think many others do, he’s probably the great public speaker in those large arenas since William Jennings Bryan. This was galvanized.

.. And remember, we didn’t have money. Hillary Clinton and these guys had over $2 billion. We had a couple hundred million dollars. It was those rallies and those speeches, all he’s doing right now is, he’s laid out an agenda with those speeches for the promises he made. And our job every day is just to execute on that. It’s to simply get a path to how those get executed.

.. And the mainstream media better understand something, all of those promises are going to be implemented.

.. Whether, you know — and you look at the our — the world — our world order and — and some of the things that are going on that I think are — will be dealt with soon, but the first thing I think is Neil Gorsuch, for a couple things.

Number one, we’re not talking about a change over a four-year period. We’re talking about a change of potentially 40 years of law, number one. But more important than that — more important to that, it established trust. It established that President Trump is a man of his word.

.. President Trump signed an order that puts in place a constant deregulatory form within the federal government. And what it says is, for every regulation presented for passage that Cabinet secretary has to identify two that person would eliminate. And that’s a big deal.

.. And then lastly, immigration: protecting the sovereignty of the United States, putting a wall on the southern border, making sure that criminals are not part of our process. These are all things that 80 percent of Americans agree with, and these are all things that President Trump is doing within 30 days.

.. People are starting to think through a whole raft of amazing and innovative, bilateral relationships — bilateral trading relationships with people that will reposition America in the world as a — as a fair trading nation and start to bring jobs. High-value-added manufacturing jobs back to the United States of America.

.. you’re gonna start to see I think with the defense budget we’re going to talk about next week when we bring the budget out and also with certain things about the plan on ISIS

.. And he brought up the fact that we’re promulgating more laws and regulations that we ever had before. And most of that are from these independent agencies that are just on autopilot.

.. the country was hungry for something far more — far bigger than one story or on-off issue. It was something that people wanted in this country, that was real, something that was going to change the direction that we were heading. And it was President Trump that was the answer.

.. here’s why it’s going to get worse: Because he’s going to continue to press his agenda. And as economic conditions get better, as more jobs get better, they’re going to continue to fight. If you think they’re going to give you your country back without a fight, you are sadly mistaken. Every day — every day, it is going to be a fight. And that is what I’m proudest about Donald Trump. All the opportunities he had to waver off this; all the people who have come to him and said, “oh, you’ve got to moderate.”

.. The American Conservative Union, which puts on CPAC, was created after Barry Goldwater lost in 1964, in an effort to take all different kinds of voices from the right in the conservative movement and bring them together.

So there is this question. There are those folks that consider themselves, you know, classical liberals or conservatives or Reagan conservatives. There are other folks that consider themselves libertarians. There are other folks that are part of this new Trump movement. And Trump brought a lot of new people. There’s probably in this — people in this crowd that wouldn’t have been in this crowd before.

So there’s a lot of diversity here. We all know it when we’re at the bar at the end of the day. And can this Trump movement be combined with what’s happening at CPAC and other conservative movements for 50 years? Can this be brought together? And is — this is going to save the country?

.. Peace through strength, deregulation. You think about the economy, the economic boom that was created. And some of it is going to take a little time, I mean, to get the jobs back; to get more money in people’s pockets. Those things are going to happen.

.. You know, I’ve said that there’s a new political order that’s being formed out of this.

.. But I think we — the center core of what we believe, that we’re a nation with an economy, not an economy just in some global marketplace with open borders, but we are a nation with a culture and a — and a reason for being.

And I think that is what unites us and I think that is what is going to unite this movement going forward.

.. but also and more importantly, hold us accountable. Hold us accountable to what we promised, hold us accountable for delivering on what we promised.

.. we’re different, but where we’re very similar is that I think that he is very dogged in making sure that every day the promises that President Trump has made are the promises that we’re working on every day, number one.

Number two, he’s incredibly loyal. And number three, which I think is a really important quality as we were working together to see to it that President Trump’s vision is enacted is that, he’s extremely consistent.

.. Different things that come to the president that want to move him off of his agenda and Steve is very consistent and very loyal to the agenda and is a presence that I think is very important to have in the White House

.. But his job is, by far, one of the toughest jobs I’ve ever seen in my life. To make it run every day, and to make the trains, and you only see the surface. What’s going on underneath it, planning what’s three weeks down the road to the — to the degree that we’re planning it, of all these E.O.s and legislation and — you know, whether it’s the tax reform bill, Reince is indefatigable in saying, we’ve got to drive this forward, we’ve got to drive this forward.

.. back in August when we had this campaign where we were outgunned, outmanned, you know, outspent. And it was because President Trump had a message, he had this charisma

Janet Yellen’s Uneasy New Role: Defending the Fed From Historic Political Pressure

Over two days, the Fed chairwoman spoke with five Republicans, some of whom she had never met privately since taking over at the central bank, according to her public calendar. She stuck to a script she had delivered many times, said a person familiar with the calls: The bill could allow politicians to interfere with Fed policy; academic studies show countries with independent central banks have lower inflation; the Fed is already audited.

 Ms. Yellen didn’t persuade them. Though the Senate voted not to move forward with the bill—a relief for the Fed—only one of the chamber’s 54 Republicans voted in the Fed’s favor.
..The person leading the institution isn’t a politician—she’s a macroeconomist who spent most of her career at the Fed and in academia. Yet the task ahead of her, now that Donald Trump is president, might require a different set of skills. The new president thrust Ms. Yellen and the Fed onto the national political stage by criticizing them sharply during the campaign, and his election raised expectations that GOP bills to rein in the central bank could become law.
The president has also said he would probably find a replacement when Ms. Yellen’s term is up in February 2018, which means he would likely nominate a successor by late summer, rendering her a lame duck.
..Ideas include requiring the Fed to establish a mathematical formula to guide interest-rate policy, limiting its emergency-lending powers and forcing the central bank to return billions of dollars banks paid to be members of the Fed system. The phenomenon is apparent outside the U.S., too, with central banks from Japan to the U.K. grappling with skepticism of their efforts to boost their economies.
..The financial crisis, however, battered the Fed’s credibility. Many lawmakers and some economists want more information about how the central bank operates and what it may do in the future.
..Though Mr. Trump hasn’t said whether he would support the measures, his campaign remarks—such as accusing Ms. Yellen of keeping rates low to help Democrats—suggest he has no qualms about criticizing Fed policy or its leadership, a departure from the recent tradition of presidents staying mum on such issues.
.. Former Chairman Alan Greenspan, who scheduled his own breakfasts with members of Congress, had extensive relationships in Washington when he became chairman and often operated as a one-man congressional-relations shop.
His successor, Ben Bernanke came from academia, but developed a rapport with members on both sides of the aisle during the crisis. Those relationships later helped him beat back legislative efforts to strip the Fed of its powers to supervise banks.
.. She has met two dozen times with members of Congress since November 2015, either hosting them for breakfast or lunch in a private dining room at the Fed or shuttling to meetings on Capitol Hill, in addition to logging more than a dozen phone calls.
..More typical is what happened when Congress considered tapping the Fed to help pay for federal highway programs. Ms. Yellen warned it could set a dangerous precedent. Congress took even more money from the Fed than initially proposed, including $19.3 billion from its capital account.