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What can we expect from Trump’s speech to Congress tomorrow?

Cory
February 27, 2017

As much as I shy away from day to day politics I like to stay informed when the President and other in his close circle have major speeches. This brings me to tomorrow when Trump has a speech to Congress (and it’s not the State Of The Union as some reports claim). Chris Temple and I discuss the possibility of any clarity coming out of this speech in terms of tax or regulation reform.

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Discussion
26 Comments
    CFS
    Feb 27, 2017 27:47 AM

    WASHINGTON (AP) — President Donald Trump warned Monday that the nation’s health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor.

    Trump said at a White House meeting with dozens of governors that he hoped to overhaul the American tax system but that was a “tiny little ant” compared to what he would need to do to remake the so-called Obamacare law.

    The president’s first major meeting with governors comes as Congress prepares to move forward on a repeal and replacement of the health care law, one of Trump’s main campaign promises. Governors have raised concerns that the changes could undermine their efforts to expand Medicaid in their states and leaving them stuck with ballooning payments.

    AJ
    Feb 27, 2017 27:14 AM
      Feb 27, 2017 27:44 AM

      Duh! Most know even though he doesn’t.

    CFS
    Feb 27, 2017 27:14 AM

    Taseko, Osisko Gold arrange $33M (U.S.) streaming deal

    2017-02-27 06:20 ET – News Release

    See News Release (C-TKO) Taseko Mines Ltd

    Mr. Russell Hallbauer of Taseko reports

    TASEKO MONETIZES BY-PRODUCT SILVER STREAM FOR US$33 MILLION

    Taseko Mines Ltd. has entered into a $33-million (U.S.) streaming agreement with Osisko Gold Royalties Ltd. for Taseko’s 75-per-cent share of payable silver production from the Gibraltar mine.

    AJ
    Feb 27, 2017 27:16 AM
    CFS
    Feb 27, 2017 27:17 AM

    Off topic:
    https://www.youtube.com/watch?v=bFfq5VpdUV4

    Who is selling the drones?

    Feb 27, 2017 27:25 AM

    Mexus Gold – Heap leach pads being tested. Getting ready to roll…

    https://globenewswire.com/news-release/ … -mine.html

      Feb 27, 2017 27:42 PM

      +1 – Finally !!

      Feb 27, 2017 27:43 PM

      Ah – There’s the good link. I had posted it in the market wrap and hadn’t seen this yet, but the word is out…..

      Cheers!

    CFS
    Feb 27, 2017 27:32 AM

    Trump explains delays and status:
    https://www.youtube.com/watch?v=iN5jR4fMCrU

    Feb 27, 2017 27:41 AM

    Cory: Your discussion with Chris didn’t say a lot that Chris hasn’t said in the last few weeks. It’s important though to keep hammering towards the truth and reality like Chris does. Trump is naïve if he thinks he has the power as he would were he a company CEO. The overused term of running a gov’t like a company isn’t possible and won’t happen, ever. They’re too different animals. That’s why some experience in government is so important. Had Trump ever been a member of a city council or a school board, he’d likely know these things. Instead, he’s like most of the populace who generally sit on the side-lines and gripe, but think they have all the answers. Fact is, there aren’t any easy answers and he’ll end up getting educated like anyone else would who enters the arena without any experience any government. He’ll find out that some of what he wants to do has actually been pre-empted by previous office-holders and is against the law…………
    For balance, I always read Monday mornings’ missive from Kunstler: http://kunstler.com/clusterfuck-nation/a-hole-in-the-head/

    CFS
    Feb 27, 2017 27:42 AM

    WASHINGTON (AP) — The White House says President Donald Trump’s upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump’s initial budget wouldn’t dent budget deficits projected to run about $500 billion.

    White House budget officials outlined the information during a telephone call with reporters given on condition of anonymity. The budget officials on the call ignored requests to put the briefing on the record, even though Trump on Friday decried the use of anonymous sources by the media.

    Trump’s defense budget and spending levels for domestic agency operating budgets will be revealed in a partial submission to Congress next month, with proposals on taxes and other programs coming later.

    The big, approximately 10 percent increase for the Pentagon would fulfill a Trump campaign promise to build up the military. The senior budget office official said there will be a large reduction in foreign aid and that most domestic agencies will have to absorb cuts. He did not offer details, but the administration is likely to go after longtime Republican targets like the Environmental Protection Agency.

    Tentative proposals for the 2018 budget year that begins Oct. 1 are being sent to agencies, which will have a chance to propose changes to the cuts as part of a longstanding tradition at the budget office.

    Trump’s budget, once finalized and sent to Congress in mid-March, is sure to set off a huge Washington battle. Democrats and some Republicans are certain to resist the cuts to domestic agencies, and any legislation to implement them would have to overcome a filibuster threat by Senate Democrats. A government shutdown is a real possibility.

    CFS
    Feb 27, 2017 27:44 AM

    Whitehouse breifing starts at 2 p.m. Now With OMB.

    WASHINGTON (AP) — The White House says President Donald Trump’s upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump’s initial budget wouldn’t dent budget deficits projected to run about $500 billion.

    White House budget officials outlined the information during a telephone call with reporters given on condition of anonymity. The budget officials on the call ignored requests to put the briefing on the record, even though Trump on Friday decried the use of anonymous sources by the media.

    Trump’s defense budget and spending levels for domestic agency operating budgets will be revealed in a partial submission to Congress next month, with proposals on taxes and other programs coming later.

    The big, approximately 10 percent increase for the Pentagon would fulfill a Trump campaign promise to build up the military. The senior budget office official said there will be a large reduction in foreign aid and that most domestic agencies will have to absorb cuts. He did not offer details, but the administration is likely to go after longtime Republican targets like the Environmental Protection Agency.

    Tentative proposals for the 2018 budget year that begins Oct. 1 are being sent to agencies, which will have a chance to propose changes to the cuts as part of a longstanding tradition at the budget office.

    Trump’s budget, once finalized and sent to Congress in mid-March, is sure to set off a huge Washington battle. Democrats and some Republicans are certain to resist the cuts to domestic agencies, and any legislation to implement them would have to overcome a filibuster threat by Senate Democrats. A government shutdown is a real possibility.

      Feb 27, 2017 27:48 AM

      maybe the clinton foundation could loan some of the $100Billion they stole to the military

        Feb 27, 2017 27:49 AM

        throw in the $415 billion in arms that Obama gave to Kenya …….And the Problem is SOLVED……………..

          Feb 27, 2017 27:52 AM

          $415 billion, with a B? Really? Where did that figure come from?

            Feb 27, 2017 27:58 AM

            find the last arms deal that obama signed before leaving office……his last day in office…I might be wrong and it could be millions……but, what in the heck does Kenya need with any weapons……

            Feb 27, 2017 27:04 AM

            correction………Millions…..$418 MILLION….sorry, got carried away…… 🙂

          Feb 27, 2017 27:55 AM

          Pentagon just needs to find the $6.8 trillion they can not account for…….

            Feb 27, 2017 27:02 AM

            this might be billions…..

            Feb 27, 2017 27:06 AM

            no…….it is $6.5 TRILLION MISSING

            Feb 27, 2017 27:07 AM

            Hell……..all we need is a……CLAW BACK

            BDC
            Feb 27, 2017 27:20 AM

            We gotta get back to the good ole days,
            when Dov Zakheim lost just $2.3 trillion.

    CFS
    Feb 27, 2017 27:46 AM
    BDC
    Feb 27, 2017 27:53 AM

    Tuesday should be very interesting. Trump speech preceded by Fourth Quarter GDP results at 8:30am.