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Title : Trump's "State Of The Union" Cabinet Meeting -- August 16, 2018
link : Trump's "State Of The Union" Cabinet Meeting -- August 16, 2018

Trump's "State Of The Union" Cabinet Meeting -- August 16, 2018

From Trump / Kudlow, 11:30 a.m. CDT, cabinet meeting on the economy
discussing NAFTA
Trump told his lieutenants:manufacturing numbers / industrial growth growing faster than anyone can remember; faster than anyone can find numbers
currently in a genuine economic boom no one thought possible
unemployment rates at all-time lows for Asian-Americans; African-Americans; and Hispanic-Americans
real disposable income -- take-home pay growing at 3.1% -- huge number -- real disposable income is the only important number -- real disposable income -- Reagan: take-home pay

confidence is incredibly important
less than 1% growth on a 12-month basis prior to  Trump taking office
investment dollars from around the world are coming into the US
anyone who says this is a one-time blip -- is not credible
Kudlow: US economy is "crushing it"
never seen income numbers like this; after-tax income
Kudlow: durable, lasting, and most people thought could not happen
Trump asks/comments on China: how are we doing vis a vis China
China: spanning 6 - 9 months
economy is heading "south"
retail
business investment is collapsing
industrial output is falling, plateauing at a low level
selling currency
moving out of Chinese investments
economy looks terrible
Wow, CNBC cuts away when the Cabinet press conference continues
switch to Fox Business News
fire in California
policies were the cause that made this so bad; gross mismanagement
brush and dead timber at record levels
5.7 million acres burning
$3 billion

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