The Problem Really Isn’t President Biden

On Friday, The Federalist posted an article reminding us that the inflation, lack of border security, and rising crime rates are not solely the responsibility of President Biden. President Biden represents (and his policies represent) the platform of a particular political party.

The article notes:

CNN spent the hour after Thursday’s presidential debate in an emotional tailspin. But at the heart of their desperate “analysis” was speculation about whether the fumbling Biden should step down to let another Democrat jump in to carry the torch of “DEMOCRACY.”

The jig is up. Here’s what disillusioned Democrats and independents and moderates need to know. What all the blue-state refugees who now live in Texas and Florida instead of California and New York City need to admit. What all the fed-up middle-class families and forgotten nonwhite voters in the suburbs need to remember: These aren’t just Joe Biden policies that are disastrous. They’re Democrat policies.

Abortion. Economy. Crime. Immigration. Lawfare. Foreign policy. Health care. It doesn’t matter what pet issue has voters down in the dumps. Democrats are in lockstep on the losing side. And anywhere they aren’t in lockstep — like on whether Israel is a victim of terrorism or a group of oppressive “colonizers” — they tow the radical line.

The article concludes:

And our two-tiered system of justice — led by the deep state, rogue state prosecutors, and a leftist executive — wouldn’t stop just because Biden isn’t on the ticket. The same people who raided the homes of pro-lifers while seeking immunity for the Biden family; prosecuted one man for “classified documents” while letting other worse offenders go free; and made up novel legal theories and new statutes of limitations to gag, fine, and ultimately imprison their chief political opponent are beholden to a party, not just the sitting president.

So when the Democrat armchair class suddenly gets weepy about Biden’s decline, saying Democrats “‘HAVE A PROBLEM’ AFTER BIDEN’S DEBATE PERFORMANCE,” don’t buy the spin that a shiny new Democrat could bail America out.

It isn’t just Biden that’s ruined America. It’s his party.

It’s very easy to focus on personalities instead of party platforms. I suggest that voters read each party’s platform before they vote. Which platform best represents your views? The answer to that question is as important as the individual candidate.

What A Difference An Election Made

On Monday, Breitbart posted the following headline:

Argentina Logs First Week with No Inflation in Food Prices in 30 Years

This is one of many positive results of the election of President Javier Milei, who began his term as President in December 2023.

The article reports:

A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week, the study found that the prices of food and drinks only experienced an increase of 0.1 percent in the past 15 days.

…Upon taking office in December, Milei enacted a series of “shock therapy” economic policies to restore Argentina’s economy after nearly two decades of socialist rule left it in a precarious state and on the verge of a hyperinflation spiral.

Since then, monthly inflation rates in Argentina have experienced a dramatic and continued downward trend, going from 25.5 percent in December to 4.2 percent in May, the lowest rate experienced in the country in over two years. In April, Argentina recorded a surplus of its gross domestic product (GDP) during the first quarter of the year — something that the South American nation had not seen since 2008.

Milei is in the Czech Republic on the final stop of a four-day tour of Europe that began on Friday with a visit to Spain, followed by a two-day stop in Germany over the weekend that included an encounter with German Chancellor Olaf Scholz. Milei is slated to meet with Czech Prime Minister Petr Fiala on Monday morning.

The article concludes:

Milei also confirmed that his administration would not promote a devaluation of the Argentine peso, echoing statements by Economy Minister Luis Caputo last week where he ruled out such plans. Caputo instead said he would continue implementing the current plan, which focuses on maintaining a good relationship with the International Monetary Fund (IMF) and upholding a currency exchange system that allows companies to sell 20 percent of their income in U.S. dollars in the financial market and settle the remaining 80 percent at the official exchange rate.

“There are professionals who, in order to justify and wash their mistakes, make unfortunate arguments, which speak more about what they want to happen than what really has to happen,” Milei said. “There are sectors that find it convenient to have low dollar salaries and more poor and indigent people, and we believe that the situation works in a different way.”

This could happen in America with the proper election results.

Revising The Numbers

On Wednesday, The Conservative Treehouse posted an article about the rapidly decreasing job numbers.

The article quotes The Washington Times (behind the paywall):

WASHINGTON DC – […]  Job growth was overestimated by more than 770,000 last year. Put differently, about 1 in 4 jobs that were supposedly added last year never existed. That’s like eliminating all of the jobs gained in three whole months of 2023.

Overly optimistic employment estimates help explain why polling of people’s perceptions of the economy has been so terrible yet the official data from the Biden administration has looked so robust, at least in terms of the number of jobs. Much of the other data has been downright rotten.

With prices rising faster than earnings, the average worker’s weekly paycheck buys 4.4% less today than when President Biden took office. Homeownership affordability has plummeted because the monthly mortgage payment on a median-price home has more than doubled. Three-quarters of Americans now view fast food as a luxury they can’t afford. Gasoline prices are up 46%.

And now, even the job numbers have lost their luster, especially when you consider that millions of those added jobs are from double counting. Whenever someone who is already employed has to get a second — or even a third — job just to help make ends meet, that increases the number of payrolls, without increasing the number of people employed.

The Biden administration is very adept at lying with statistics. They consistently claim that President Biden has simply not been given enough credit for the wonderful economy he has created. I guess the people saying that don’t shop at the grocery store or buy gasoline.

Biting The Hand That Feeds You

On June 18th, The Gatestone Institute posted an article that illustrates the difference between the Israeli and Palestinian cultures. First of all, the Palestinians are simply another Arab tribe. They have never had a country, and if they want one, it would behoove the Arabs to give them one–they have no claim to Israel. The cultural differences between the Palestinians and the Israelis are significant.

The article reports:

    • Prior to the October 7 massacre, more than 170,000 Palestinians were working in Israel, constituting an important source of income for the Palestinian economy…. The Palestinians from the Gaza Strip who were permitted to work in Israel received many of the same rights as Israeli workers, including health insurance and pension plans.
    • “I will be able to earn about $120 dollars a day [in Israel], while I cannot even earn $250 dollars a month in Gaza. Due to the difficult political and economic conditions, the people of the Gaza Strip suffer greatly from poverty and are unable to build a future for their children like their parents.” — Mohammed Kamal, a 38-year-old father of four from the Gaza Strip, newarab.com, March 24, 2022.
    • It appears that the murderers and rapists from the Gaza Strip saw Israel’s goodwill gestures as an indication of Israel’s weakness. In addition, they apparently saw the controversy in Israel surrounding the Israeli government’s judicial reform plan as a sign that Israel had become extremely weak, especially when anti-government protesters threatened to boycott military reserve service.
    • The October 7 atrocities serve as a reminder that the Israeli-Palestinian conflict is not about improving the living conditions of the Palestinians or strengthening their economy. Instead, the conflict is about the desire of the majority of Palestinians to slaughter Jews and destroy Israel.
    • Pre-and post-October 7 public opinion polls have consistently demonstrated that the majority of Palestinians back Hamas and believe that the atrocities committed on that day were “correct.”
    • Now, Palestinians can blame Hamas not only for dragging them into a disastrous war with Israel, but also for having left tens of thousands of families jobless in the wake of their loss of permits to work in Israel.
    • Instead of brainwashing and indoctrinating their people against Israel and Jews, Palestinian leaders need to be required to focus on creating job opportunities and boosting the Palestinian economy, which the flow of international handouts have relieved them from doing.
    • The Palestinians would also greatly benefit if they would realize that there are actually dire repercussions when they “bite the hand that feeds them.”

The attack of October 7th illustrates the damage that propaganda can cause. The people in Gaza was so indoctrinated with hate for Israel that they did not fully consider the consequences of their actions. There was no consideration of how to support their families once they killed their employers and their families.

There was a post today on Twitter that suggested that all we need to do to bring peace to the Middle East is replace the government of Iran with a western-leaning republic. I think that makes sense.

The Impact Of Bidenomics

On June 18th, Just the News posted an article about the impact of Bidenomics. Essentially Bidenomics is excessive spending creating inflation and rising federal deficits combined with interest rates rising in an attempt to curb inflation without dealing with the spending.

The article reports:

More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs. Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters’ Voice Poll.

Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research. The closures are a 24% increase from 2023.

U.S. drug stores and pharmacy closures led to 8 million square feet of shuttered retail space this year, the research company said. It also notes that retailers are losing inventory and customers due to retail theft. “Retail shrink” is closely connected to “organized retail crime,” it notes.

Out of the 3,200 being closed, the majority are being closed by roughly 30 retailers, with Family Dollar closing the most of over 600, according to the data, CBS News reported.

The article concludes:

One key indicator of economic health is consumer spending, and while it hasn’t yet slowed, warning signs are there because it’s largely being financed by debt, economists have explained. And consumers are also struggling to pay it off, they add. Earlier this year, economist David Rosenberg of Rosenberg Research warned that as total credit card debt reached a new all-time high of $1.13 trillion, credit card and auto loan delinquencies were also up. “As far as consumer credit is concerned, the default cycle isn’t merely looming, it’s arrived,” he wrote in an economic report.

According to a recent The Center Square Voters’ Voice Poll, conducted in conjunction with Noble Predictive Insights, inflation/price increases (45%) and the economy/jobs (24%) are top concerns among voters.

“Inflation is a high-ranking issue among Democrats and Republicans and True Independents,” David Byler of Noble Predictive Insights told The Center Square. “Every political group thinks this matters.”

The rise in retail theft is also a factor in store closings. How much does it cost to put candy behind plastic so that it cannot be stolen? How many extra man hours are needed to help customers access products that are now locked away? These are also things that lead to higher prices and continuing inflation. Curtailing government spending and prosecuting retail theft would be a good first step in lowering prices for consumers.

When Radical Isn’t Radical–It’s Original

I am not an economist, but I am an observer of the obvious.

In a recent speech, President Trump talked about ending the Income Tax and restructuring the Federal Reserve. Either or both of those things would be good for all Americans and for the American economy.

Before 1913, the United State had neither the Federal Reserve nor the Income Tax. Both measures were passed in 1913. On February 25, 1913, the 16th Amendment (Income Tax) was certified as part of the U.S. Constitution. On December 23, 1913, the Federal Reserve Act created the Federal Reserve.

The men who met at Jekyll Island to create the Federal Reserve represented 25 percent of the wealth of the entire world. They met in secret, and their identities were concealed for many years afterward. Their goal was to keep that 25 percent of wealth in their hands. They created the system for the purpose of keeping New York City banks as the center of America’s wealth. The federal reserve created a system where money could be created out of nothing and loaned out through a leverage system to create interest. For example, over a 30-year mortgage, a bank can earn more from the sale of a house than any contractor who worked on the house.

The Income Tax was supposed to only impact the top 1 percent of Americans. Before 1913, the government’s expenses had been handled through tariffs.

To end the Income Tax, you would have to end the Welfare State. One way to do that would be to tax welfare benefits but not wages. When it becomes more lucrative to work than to collect welfare, it is possible that the work ethic that used to be part of American culture might be revived. You would also have to slash the bloated bureaucracy. The economic boom created by ending the Income Tax would give those who lose their jobs in government a great job market in which to search for new jobs. We need to get rid of any government department that is not successful–has education improved since the Department of Education was created? What has Housing and Urban Development accomplished? How many people in the Justice Department would have to be fired to end the corruption? You no longer need the Internal Revenue Service. You see where I am going with this.

The opposition to this plan would come from federal workers (fear of losing their jobs). Opposition would also come from Washington swamp creatures who would see it as a threat to their power (in Washington controlling money is power). It would also come from welfare recipients.

The other issue would be Social Security and its related taxes. That could be worked out easily by balancing payments to people who have paid into the program for more than forty years with alternatives for younger workers. With a retirement age of 70, most Americans pay the most into Social Security from about the age of 30.

This is all possible if Americans are willing to elect a businessman who has the economic knowledge to put it all together.

Imagine a world where you get to keep all of what you earn and the government cannot intimidate you about your taxes.

The Choice Is Between Bad And Awful

On Wednesday, Armstrong Economics posted an article about inflation and recession.

The article reports:

Federal Reserve Bank of Minneapolis President Neel Kashkari has advised against anticipating near-term rate cuts. While speaking to the Financial Times, the Fed president stated that people would simply prefer a recession to continued inflation.

“I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate high inflation,” he told the Financial Times’ The Economics Show podcast. Kashkari is speaking as if we are not already in a recession. It is not difficult to understand the “visceral” hatred people around the world feel toward rising prices. The effects of inflation are felt with every purchase, causing the average person to adjust their entire lifestyle.

The article concludes:

Real prices have far surpassed anything they calculate in CPI. Everyone understands that prices have risen far more than the arbitrary number the Fed provides us. Taxes are continually increasing for everyone in every tax bracket. The government not only adds to inflationary issues with their spending but then expects their citizens to foot a portion of the bill with taxes, which will simply never be enough.

Then we have Washington telling the masses to blame corporations for price gouging while raising their taxes and making it increasingly difficult to conduct business and maintain a large workforce. It is not that the people would prefer to be in a recession, the real issue is that countless people are entering survival mode. People everywhere want to hold onto whatever they may have out of fear for the future, but they are unable even to hoard as real prices now demand they hand over whatever they have to maintain their lives.

In a recession, consumer spending drops, and people lose their jobs. A service economy such as the one America currently has is more vulnerable to recession than a manufacturing economy. A recession creates hardship for working families.Inflation impacts both working families and retirees. Either one is a bad deal. The most practical way to deal with inflation in America would be to cut government spending and to resume domestic oil production. Both of those things would help revive a miserable economy.

A Study in Entropy

Entropy is defined as the trend of the universe toward disorder. Entropy is illustrated by what happens to a farmer’s field if he ignores it for a few years. It is also what happens to a tractor or wagon that is left out in a field unattended. Crops do not automatically grow in straight lines, and weeds do not pick themselves. It is not a good idea to let children raise themselves. It takes human effort to keep things moving forward.

Does entropy apply to nations? If freedom and liberty are not carefully nurtured, do they degrade? If the culture is not properly guarded and maintained, does it degrade into unhealthy places?

Recently there was something of an uproar about a commencement speech given by a National Football League player. In his speech, Harrison Butker praised the virtues of motherhood. He praised his wife for the role her support has played in his success. He stated that many of the women in the audience that day will eventually become mothers. They will struggle with balancing their roles as wives, mothers, and corporate employees. All those roles are important, but has our culture devalued the role of wife and mother? A poem by William Ross Wallace states, “The Hand That Rocks the Cradle Is the Hand That Rules the World.” In the past, children learned basic foundational things from their mothers—baking cookies, shopping, language skills and values. In a world where career is valued over motherhood, children may or may not learn these things at daycare. There is nothing wrong with daycare, but I can guarantee that a child’s daycare provider does not love the child the way his/her mother does. I understand that in today’s economy staying home with your children is something of a luxury, but it can be done. Is devaluing motherhood a step forward or a step backward?

The speech given by Harrison Butker would have merely been a statement of the obvious in 1970. What changed?

The programs of the Great Society and the War on Poverty came into their own in the 1970’s. In 1965, “The Negro Family: The Case for National Action, the Moynihan Report,” was written by Daniel Patrick Moynihan. He warned against the collapse of the black family unit, noting a rise in single-parent families. The Great Society programs exacerbated that problem by making payments to women only if there was not a man living in the house. The destruction those programs created in the black population later spread to the white population. The 1970’s also gave rise to the Feminist movement and created what was then the cottage industry of daycare—now a billion-dollar industry. This further weakened the family structure—the foundation of a healthy society.

The overspending of the 1960’s and 1970’s and beyond created an inflationary cycle that forced many women into the workforce. One positive aspect of this is that educational and professional opportunities for women increased. That at least was a positive thing.

Is America now experiencing a state of entropy? How many Americans voted in the last primary election? How many Americans voted in the last Presidential election? Are you willing to take an active role in your government? What impact will the dramatic increase in population from places that do not share our culture have on our own already degrading culture?

If Americans want to save our country from entropy, they need to stand up and fight for the values and culture that made this country great. If we do not do that soon, we will go the way of Ancient Greece and Ancient Rome.

It Didn’t Do What It Said It Did

On June 3rd, Breitbart posted an article about the impact of the Inflation Reduction Act on Medicare Part D premiums.

The article reports:

One of the classic strategies in the Obama/Biden playbook is policy that sounds good in the short-term, but whose long-term consequences won’t be felt until after an election. That way if Democrats win, they’re insulated from voters holding them accountable; but if they lose, they can blame Republicans when things go south.

This was undoubtedly one of the plays the Biden administration had in mind for the gallingly misnamed Inflation Reduction Act (IRA). But this disastrous legislation hasn’t just sabotaged Americans’ wallets, it’s sabotaged their health as well.

Snuck into the IRA was a poorly drafted provision that attempted to lower out-of-pocket expenses on prescription drugs. The IRA lowers the out-of-pocket maximum for seniors from about $3,300 to $2,000 by shifting the responsibility for the $1,300 difference to insurance companies. To no one’s surprise, the insurance companies pass that cost to consumers in the form of higher premiums and restricted access to prescription drugs.

This year, premiums for Medicare Part D are up more than 20 percent for the more than 50 million Americans enrolled. In 2025, they could increase again by more than 50 percent! We hope people are paying close enough attention during open enrollment in October to compare this price spike as President Biden campaigns on how he “fought Big Pharma to lower drug costs!”

The article concludes:

One large health plan, Mutual of Omaha, recently hinted that it will pull out of the Part D market in 2025. Almost 200,000 seniors – who one hopes are all high-information voters living in Rust Belt swing states – will be forced to find a new plan from increasingly fewer options. As time goes on, unless changes can be made, this will get worse and worse, leaving seniors with fewer options as they’re told by uncaring Democrats how much they’ve helped them.

The Biden administration has screwed – along with the economy, immigration, foreign policy, the future of the human race, etc. – the American healthcare system. And it seems like most people have gotten wise to the schemes in their dirty playbook, as everyone knows they’re lying about this issue. When they likely lose in November, President Trump and his allies will have their hands full undoing the damage. Luckily, they’re up to the task.

Let’s simply vote out all Democrats this November.

Economic Growth Has Significantly Slowed

On Thursday, The Daily Signal posted an article about the revised downward economic growth in the first quarter of 2024. America is not doing well economically.

The article reports:

The U.S. economy grew less than previously thought in the first quarter of 2024 amid a slowdown in consumer spending, the Bureau of Economic Analysis announced Thursday.

Gross domestic product was revised down in the first quarter from 1.6% to 1.3% year-over-year in a sign that the economy is not as strong as initial estimates indicated, according to a release from the BEA. Economists originally expected growth in the first quarter to be around 2.2%, more in line with the above trend growth seen in the third and fourth quarters of 2023, which were 4.9% and 3.4%, respectively.

The revision was due to new information that shows that consumer spending, private inventory investment, and federal government spending were lower than initial estimates, while state and local government spending, nonresidential and residential fixed investment, and exports were slightly greater than original tallies, according to the BEA.

Current-dollar GDP was also revised down to 4.3% from 4.8%, and real gross domestic income totaled just 1.5% in an initial estimate from the BEA.

Consumer spending is down because consumers are being forced to spend more on necessities and less on extras.

The article concludes:

In an attempt to bring inflation back down to around 2%, the Fed has placed its federal funds rate in a range of 5.25% and 5.50%, a 23-year high, which has put pressure on consumers and businesses to slow spending. The hike in the federal funds rate has increased the cost of credit across the board, making it more expensive to take out debt, such as through credit cards.

The cumulative amount of debt held by Americans totaled $17.69 trillion in the first quarter, with $1.12 trillion of that being on credit cards. The share of people who were behind 90 days or more on their credit card payments in the quarter jumped to 10.7%, outdoing the pandemic high of 10% in the first quarter of 2021.

Job growth has also slowed as of late, with the U.S. adding just 175,000 nonfarm payroll jobs in April, far lower than the 242,000 that were expected, while the unemployment rate ticked up slightly to 3.9%. In April, there were fewer gains in government jobs than in previous months, contributing largely to the slowdown, with March adding 303,000 new jobs.

This problem was government-caused and can be government-solved. Cut taxes and cut spending–that is the solution if Congress ever has the integrity to do it.

The Root Causes Of The Current Inflation

On Wednesday, Breitbart posted an article about the cause of the level of inflation Americans are currently dealing with.

The article quotes Neel Kashkari, who runs the Federal Reserve Bank of Minneapolis.

The article reports:

Surging immigration is keeping inflation and interest rates high, Fed honcho Neel Kashkari said in an interview with the Telegraph.

Kashkari, who runs the Federal Reserve Bank of Minneapolis, said he’s not ready to consider cutting rates until he sees “several months of real progress on inflation.” The flood of immigrants, he argued, is hindering that progress.

U.S. borrowing costs are likely to stay put for “an extended period of time,” Kashkari warned.

He’s particularly freaked out by the booming demand for housing, which just won’t cool off despite sky-high rates.

Kashkari’s immigration bombshell runs directly contrary to the claims by the Biden administration and its allies that surging immigration is keeping down inflation by depressing wages.

Kashkari said that “dramatic increase in immigration” is boosting housing demand. More people working from home and years of underbuilding aren’t helping either. It’s a perfect storm that’s keeping the housing market red-hot.

The article concludes:

He (Kashkari) also noted that services inflation had been “much stickier” in the past few months, making it even tougher to justify rate cuts.

“In the second half of last year, we saw very rapid disinflationary progress, and that was comforting for all of us because the economy was strong and inflation was falling quickly. I expected and hoped that that was going to continue in the first quarter of this year [but] inflation has more or less moved sideways,” Kashkari said.

Like other Fed officials, Kashkari said he needs solid proof that inflation is heading back to 2 percent before he’s comfortable with rate cuts.

“I want to see evidence that inflation is headed well back down towards the 2 percent target. I’m not saying that we have to get all the way back down to 2 percent before we start cutting, but I need to be convinced that that’s where we’re headed before I would be comfortable normalizing interest rates,” he said.

Rate cuts could result in people feeling better about the economy (a good thing in an election year), but they could also create even more inflation.

 

Does Anyone On The Political Left Go Grocery Shopping Or Buy Gasoline?

On Thursday, BizPacReview posted an article about the mainstream media’s spin on America’s current economy. If it were not sad, it would be funny.

The article reports:

MSNBC host Stephanie Ruhle is telling Americans not to believe their lying eyes, that President Biden’s economy is fantastic and they are better off economically than they mistakenly believe.

The condescension and gaslighting have kicked into full gear as the presidential election nears. Despite Americans struggling to put food on the table, a roof over their heads, and clothes on their children’s backs, Ruhle is telling them they are basically dimwitted and don’t appreciate how good they have it.

“We need an economic explainer,” Ruhle told the president and CEO of the Federal Reserve Bank of Chicago, Austan Goolsbee. “People are confused, they’re exhausted, but they’re also doing quite well.”

“Ruhle, who hosts MSNBC’s ‘The Eleventh Hour,’ had been discussing a recent Federal Reserve report that ‘shows people are still struggling to cover day-to-day expenses, even as inflation has slowed.’ She noted how some major brands are responding by enticing consumers with slashed prices, ‘Target says it is cutting prices on 5,000 essential items, things like milk, butter, pet food. Wendy’s is now offering a $3 breakfast deal. And rivals like McDonald’s are offering new lower-priced value meals,’” Fox Business reported.

The article includes the following screenshot:

This is not the result of corporate greed as President Biden likes to claim–it is the result of companies trying to stay in business after their operating costs skyrocket. Anyone who eats and drives knows that we were much better off four years ago. The problem with inflation is that prices very rarely go back down to where they were.

What Four More Years Of Bidenomics Would Look Like

On May 14th (sometimes it takes me a while to get to things), Stephen Moore posted an article at BizPac Review detailing some of the economic plans the Biden administration has if they win the election in November. If you like trying to stretch your dollar because of inflation, you will love the new challenges.

The article reports some of the plans:

1. Tax rates on investment up to 70%.

2. $2 trillion in new debt spending.

3. A “net zero” energy policy eliminating production of nearly all our abundant fossil fuels.

4. An end to state “right-to-work” laws in 26 states.

5. The antitrust assault against Silicon Valley and corporate mergers ramps up.

The article also concludes:

There is more to worry about under Bidenomics in a second term. One worry is that Dems will agree to eliminate checks and balances in our system of government by overturning the filibuster rule of at least 60 votes in the Senate to pass legislation. Another concern is that Dems will lock in their electoral strength by making Washington, D.C., and Puerto Rico states to add four more Democratic senators. Remember Kyrsten Sinema of Arizona and Joe Manchin of Pennsylvania heroically voted to save the filibuster — but they won’t be around in January 2025 to stop the court packing.

Could American businesses and families survive getting smashed by these gale-force winds of another Bidenomics hurricane in 2025 without capsizing the ship of state? I wouldn’t bet on it.

Stephen Moore is a visiting fellow at the Heritage Foundation and a senior economic advisor to Donald Trump. His latest book is: “Govzilla: How the Relentless Growth of Government Is Devouring Our Economy.”

Your vote counts. We need enough votes against Joe Biden to overcome the fraud that is already being planned.

April Inflation Statistics

On Tuesday, CNN reported that according to Bureau of Labor Statistics data released Tuesday inflation in April was the highest it has been all year.

The article reports:

Wholesale inflation picked up in April to its highest rate in a year, according to Bureau of Labor Statistics data released Tuesday.

The Producer Price Index, which measures the change in prices that manufacturers pay to suppliers, was 2.2% for the 12 months ended in April, according to Bureau of Labor Statistics data released Tuesday.

That gain is higher than what was seen in March, which was downwardly revised from 2.1% to 1.8%.

On a monthly basis, prices rose 0.5%, a faster pace than March’s 0.1% loss (also downwardly revised) and ran much hotter than what economists had anticipated. Economists were expecting a monthly gain of 0.3%, according to FactSet consensus estimates.

“The concern here is that we now have a trend, an upward trend in producer prices, which can only be passed through to consumers and result in upward pressure on consumer price inflation over the coming months,” Kurt Rankin, senior economist for the PNC Financial Services Group, told CNN in an interview.

And that means interest rates will stay higher for longer and could further delay the Federal Reserve’s plans for cuts on that front, he said.

…While higher energy costs (up 2% in April) helped to push goods prices higher, services inflation is what drove up the overall PPI last month. Nearly three-quarters of the April monthly gain was attributable to price hikes seen by producers of services, according to the report.

Services providers saw a 0.6% increase in prices for the month, the fastest pace seen for that category since March 2022, Rankin noted.

“Services has been the issue over the past year as consumers continue to spend money, and costs for services-oriented businesses is still stronger than goods inflation; but goods producer prices are now also rising after having fallen through most of 2023,” he said.

This is bad news for consumers and also bad news for the Biden administration that wants to get re-elected in November. The promise of cutting the interest rate before the election to bring consumer costs down will not be kept if inflation continues on its current path.

What Impact Does This Have On America’s Future?

On Monday, Breitbart reported that according to the Center for Immigration Studies (CIS), only 46 percent of the migrants who had arrived in America in 2022 or later were employed at the beginning of 2024.

The article reports:

“Immigration clearly adds workers to the country, but it just as clearly adds non-workers who need to be supported by the labor of others,” Steven Camarota and Karen Zeigler, researchers with the CIS, wrote.

This was the case in the past, it is true today, and it will surely be the case for immigrants who arrive in the future. Those who simply see immigration as a source of labor need to understand it is also a source of school children, retirees, and many other non-workers.

The data from the CIS report undermines arguments that supporters of illegal immigration have used to try to point out that migrant workers help the economy by working hard.

The article also includes a chart showing the rapid increase in the foreign-born population in America:

The article also notes:

The report also found that, since Biden took office in January 2021, the migrant population in the U.S. increased by roughly 6.6 million over the course of 39 months.

As of March 2024, there were 51.6 million foreign-born migrants, 5.1 million more than in 2022. This number made up 15.6 percent of the population in the U.S.

…Another report from the CIS in February found that Biden’s job growth centered around hiring millions of foreign-born immigrants while the number of American citizens with jobs decreased from pre-COVID-19 levels.

Controlled immigration is a good thing. However, when immigrants make up nearly one quarter of the population, assimilation is nearly impossible. What occurs is enclaves of ethnic groups that do not identify as Americans and are not necessarily inclined to work for the good of the country. In a recent election, a member of Congress declared that they would represent the interests of Somalia. The problem with that is that they are not supposed to represent the interests of Somalia–they are supposed to represent the interests of their constituents in America. The immigration policies (or lack thereof)  of the Biden administration are going to come back to bite us. It is only a matter of time.

 

Can Lies Get Him Re-elected?

Recently President Biden did a sit-down interview with CNN’s Erin Burnett. She didn’t ask him any really hard questions, but she did ask about his current low standing in the polls. On Wednesday, Red State posted some highlights from the interview and also did some fact checking.

The article reports:

Burnett said that the polls showed that voters trusted former President Donald Trump more on the economy. She ticked off several problems with the Biden economy including the cost of buying a home which has doubled, real income is down, economic growth is down “far short of expectations,” and consumer confidence was at a “two-year low.”

“With less than six months to go until Election Day, are you worried you’re running out of time to turn that around?” she asked him. Biden looked out of it while she was talking, and his response was pure denial of reality.

…”We’ve already turned around,” Biden claimed falsely. He simply refuses to accept the facts, claiming the polling data “has been wrong.”

Bottom line? Trump is ahead in the polls, including in all the swing states. That’s what Joe can’t deal with.

…Then he straight-up lied and said that inflation was at 9 percent when he came into office.

In fact, inflation was at 1.4 percent when he came in and he helped to drive it up above 9 percent.

Recently President Biden blamed corporate greed for the inflation problem. What he fails to note is that corporations are in business to make money. It is not up to him to decide how much money corporations make. Generally speaking, the free market determines profit margins. If the government would get out of the way of the free market, they might see the beginning of a true economic recovery.

Regulations Matter

On Thursday, Issues & Insights posted an article about the regulatory nightmare that is being created by the Biden administration.

The article reports:

Just after Ronald Reagan won the presidential election in November 1980, economic adviser David Stockman wrote a memo warning the president-elect that he faced an “economic Dunkirk” thanks to the disastrous economy he was inheriting.

Among Stockman’s warnings was that the Carter administration had set a “ticking regulatory time bomb” that would blow up the economy.

“They have spent the past four years ‘tooling up’ for implementation through a mind-boggling outpouring of rulemakings, interpretative guidelines, and major litigation – all heavily biased toward maximization of regulatory scope and burden,” Stockman wrote.

Stockman – who would later serve as head of the Office of Management and Budget and ended up losing Reagan’s trust – had that part wrong. While Carter was a disaster as president, at least he showed an ability to learn on the job. And so late in his term, Carter embarked on a deregulatory campaign to fight inflation. Among other things, he freed the trucking and airline industries from onerous government mandates.

“Carter gave Reagan the phenomenal gift of deregulation. Combined with the (Reagan) tax cuts that largely took effect in 1983, the economy went on a growth tear,” wrote Brian Domitrovic, a scholar at the Laffer Center, in Forbes. “All the capital that Reagan freed up via his tax cuts found room to roam in the deregulated world which Carter had set up.”

Unfortunately the Biden administration has not studied the lessons of history. The article lists some of the regulations the Biden administration has put in place:

  • Force car owners into inconvenient, expensive, range-deficient EVs.
  • Impose emission standards on large trucks that, the industry says, will be “the most challenging, costly and potentially disruptive heavy-duty emissions rule in history.”
  • Sharply raise the cost of drilling for oil and gas on public lands and raise the cost of water.
  • Make it nearly impossible to get permits to expand or build new facilities in most areas of the country without violating impossibly strict clean-air standards.

The article concludes:

In his 1980 memo, Stockman said avoiding an economic Dunkirk required “an initial administration economic program that is so bold, sweeping, and sustained that it totally dominates the Washington agenda (and) holds promise of propelling the economy into vigorous expansion and the financial markets into a bullish psychology.”

Reagan delivered.

It will take even greater levels of boldness today. And while there is hope for such a comprehensive program under the return of Donald Trump, if Biden wins in November there will be no rescuing the economy this time.

Deregulation will be one of the keys to reviving the struggling economy. Despite the fact that the Biden administration keeps telling us that the economy is strong, people are working two jobs to keep up with inflation, there are layoffs in a number of industries, and high interest rates are making it very difficult for new home owners to afford a home.

Priorities?

At a time when many Americans are struggling to make ends meet, I question how Congress is spending our tax dollars.

On Thursday, Breitbart reported the following:

Non-profit theater companies across the country would receive a $5 billion taxpayer-funded bailout under a new plan being promoted by a group of Democrats in the Senate. The proposed bailout comes as prominent stages are facing unprecedented financial crises following their embrace of woke identity politics, which has alienated audiences and donors.

Among the companies poised to receive the new federal dollars would be New York’s Public Theater, which staged the gruesome stabbing death of President Donald Trump in its infamous 2017 production of Shakespeare’s Julius Caesar.

Sen. Peter Welch (D-VT) is leading the way with the legislation, which is called the Supporting Theater and the Arts to Galvanize the Economy (STAGE) Act of 2024.

What about Americans who are facing ‘unprecedented financial crises’?

The article concludes:

The wave of unprecedented financial crises hitting prominent theaters comes as their far-left agendas continue to drive away loyal audiences and even some donors. Combined with Bidenflation that has caused their operating costs to soar, companies are facing catastrophic budgetary shortfalls and are resorting to layoffs and shutdowns.

Institutions hit hard by the perfect storm include The Public Theater in New York, Chicago’s Steppenwolf Theatre, the Mark Taper Forum in Los Angeles, the Lookingglass Theater in Chicago, The Artists Repertory Theatre in Portland, and the Oregon Shakespeare Festival.

I realize that theatre is an important part of culture, but movies and theatre need to consider what their audiences want to watch. What we are seeing here is the free market at work, and as usual Congress is attempting to interfere with free market forces.

 

About Those Jobs Numbers

We have all read the reports of some major manufacturing companies and retail stores laying off employees and shutting down stores. So why is the Biden administration so enthusiastically touting their jobs numbers? Could it be that those numbers do not actually reflect what is actually happening?

On Wednesday, The Federalist reported the following:

Last week, the Labor Department issued its jobs report for March 2024. Democrats will tell you the report is rosy and bright, that the economy is heading in the right direction, and that your negative instincts and impressions about the economy are wrong. In reality, the report is abysmal. Below are the facts about employment that Democrats won’t mention: Fewer Americans have full-time jobs, and more of those with full-time jobs are also working part-time jobs to make ends meet.

Democrats claim that the economy added 303,000 jobs in March — but it added no full-time jobs at all in March. The economy actually shed 6,000 full-time jobs that month. In fact, full-time employment in the United States has dropped in each of the past four months. Since November, there are 1,787,000 fewer Americans with full-time employment.

So how do Democrats claim the economy added 303,000 jobs in March? What Democrats do not tell you is that the vast majority of these jobs — 75 percent — are second jobs. Under the Biden economy, the number of people who have had to simultaneously work both a full-time job and a second part-time job just to make ends meet has hovered at historical highs. In March, the number of people who added a second part-time job on top of their other full-time employment totaled 225,000. The Democrats’ “good news” is just you having to work longer and harder to survive.

The article also notes that there is much more growth in government jobs than jobs in the private sector. This is NOT good economic news.

The article reports:

The U.S. has faced another insidious problem for decades that gets little attention. There are more than 3,000 counties or county equivalents in the United States. Yet, half of the 10 wealthiest counties in the U.S., measured in terms of median household income, are suburbs of Washington, D.C. According to U.S. Census data, 50 years ago only five suburban D.C. counties made the list of the top 50 richest U.S. counties or equivalents. By 2020, this figure had more than tripled to 17. 

It’s long past time to shrink government and cut taxes!

This Shouldn’t Surprise Anyone Who Has Been Paying Attention

On March 25th, American Experiment posted an article about renewable energy.

The article reports:

Bloomberg recently ran a very interesting interview with Brett Christophers about his new book The Price is Wrong: Why Capitalism Won’t Save the Planet.

In the interview, Christophers argues there’s a widespread misconception about what’s needed to expand the deployment of renewables and transition away from fossil fuel generation. 

Christophers makes the following argument:

The basic argument is simple, and it’s something that the world doesn’t want to admit: The business of developing and owning and operating solar and wind farms and selling electricity is kind of a lousy business. 

Whether new solar or wind farms get built is ultimately about the expected profitability of those assets. Even though the generating cost aspect has become increasingly beneficial over time that doesn’t necessarily mean that the expected profits are going to be there. 

Generating costs are only part of the costs that a company that owns and controls a solar or wind farm, and sells the electricity, incur. There are also costs associated with delivering that power to where it gets consumed. 

For renewables the delivery costs tend to be higher than they are for conventional power plants because conventional power plants on average tend to be located closer to centers of demand. 

That’s because unlike conventional power plants, renewables like solar and wind farms require huge amounts of land to produce significant amounts of power. 

Unless governments are willing to either assume the burden of renewables development through public ownership…they will have to keep subsidies and tax credits in place indefinitely or else renewables investment will collapse because of the unfavorable economics. 

The article concludes:

The author obviously favors wind and solar and later advocates for a tax on carbon dioxide emissions. However, it is interesting that he acknowledges there is no economy-wide business case for wind and solar without government support.  

It’s time for our politicians to be honest with Americans about the cost of ‘green energy’ both in dollars and in damage to the environment. The people who advocate for electric cars fail to mention the children mining lithium in Africa or the environmental devastation lithium mining causes. Those who favor offshore wind farms fail to mention the number of whales that have died in the implementation of those wind farms or the number of birds that are killed by either wind farms or solar farms. Let’s do the complete research before we back something that is more damaging than what we originally had.

How Long Can This Continue?

On Sunday, Clarice Feldman posted an article at the American Thinker about our rapidly disintegrating President.

The article notes:

A day after his pumped-up divisive State of the Union address, unsurprisingly headlined “fiery” by the copycat media lackeys, President Biden, speaking in Pennsylvania, reverted to his old befuddled self.

“Pennsylvania, I have a message for you: send me to Congress!” 

“Last night [at] the U.S. Capitol — the same building where our freedoms came under assault on July the 6th!”

“We added more to the national debt than any president in his term in all of history!”

Some Americans believe that the senility and dementia are an act. I don’t agree, but I think it would probably be better if it were.

The article continues:

Well, the last statement is true. I’ll give him that. And large budget deficits are a pattern in Democrat-run cities and states. Democrats pay off cronies and constituencies with government money and then raise your taxes because they’ve spent more than they were able to squeeze out of the economy.

Nearest to me, that pattern is evident in Maryland and Washington, D.C.: They look the other way at rising crime because they defunded the police and decriminalized conduct and then bemoan empty purses as people and businesses flee. They locked down their states and were surprised to learn that capped the revenue spigot. They made ridiculous, frivolous expenditures like bike lanes and street cars and painting BLM on a major street and then can’t pay for necessities like cops, road repairs, and schools.

The article concludes with a list of some of the accomplishments of Calvin Coolidge and some of the things that happened under his watch:

Without government interference, private enterprise quickly electrified the country and created a transportation revolution as more Americans could drive their new automobiles.

Average earnings rose 30 percent in a decade. Gross domestic product (GDP) rose by a third… This great economic and lifestyle revolution for Americans of modest means happened with basically no guidance from the federal government. The government largely stayed out of the way. 

We can dream, can’t we?

It really is time for a change.

I Hope This Becomes A Trend

On Wednesday, Politico posted an article about two ballot measures that were approved by voters in San Francisco.

The article reports:

Mayor London Breed has convinced voters to approve a pair of ballot measures that will move the city strikingly rightward by requiring drug screening for welfare recipients and easing restrictions on police officers.

Breed, who faces a tough reelection fight this November, banked her political future on a hard pivot toward more conservative policies aimed at appealing to residents’ frustrations about the city’s fentanyl addiction crisis and concerns about crime. Her bet appears to have yielded results — voters were on track Tuesday to approve at least two of the three measures she sponsored.

“Enough is enough. We need change,” Breed told supporters at a jam-packed bar in the Hayes Valley neighborhood.

The success of the mayor’s proposals is notable given San Francisco has long been considered the most progressive major city in America. Breed’s shift comes as she faces devastatingly low approval ratings and two moderate challengers in her reelection fight, former interim Mayor Mark Farrell and Levi Strauss heir Daniel Lurie.

Perhaps the most controversial Breed-backed proposal approved by voters was Proposition F, which requires recipients of locally funded welfare to undergo drug screenings. Those who have addiction disorders will have to accept treatment in order to receive cash assistance, which Breed argued would make subsidies contingent on personal responsibility. She said the city cannot continue business as usual when more than 800 people died of drug overdoses last year.

…Voters also appeared to approve an additional Breed-sponsored proposal, Proposition E, which eases restrictions on the police department, including allowing officers to engage in more vehicle chases and use public surveillance cameras and drones to combat crime.

In February 2022, The California Globe posted the headline, “Mass Retail Chain Store Closures Continue in San Francisco.” Part of that may be due to the economy, but a large part of the closings are due to the rising crime rate. Hopefully the two ballot measures the voters passed will begin to change things. It would be nice to see other Democrat-controlled cities follow suit. If you have to pass a drug test to work in many companies, you should have to pass one to collect money from the people who work.

America First; Part One: The Economy

Author: R. Alan Harrop, Ph.D

There are two essential things that make a country successful and secure: the economy and military strength. This article will address what we need to do to strengthen our economy, and a subsequent article will deal with the military. Both will focus on putting America first, a principle of our Founding Fathers that we, unfortunately, have gotten away from.

The out of control national debt must be reversed if we have any hope of maintaining a strong economy. Beyond that, however, we need to go back to the American economy of the 1950s that made us the envy of the world. First, we need to return essential industries to America. For the past thirty years we have been allowing key manufacturing industries to move overseas, primarily to access cheap labor and increase corporate profits. This has made us very vulnerable to foreign countries, some of whom are our adversaries like China, for products essential to our economy. The recent supply shortage showed how the lack of items like computer chips can shut down our economy. Recently, it was announced that U.S. Steel may be sold to a foreign country. Automobile and parts manufacturing is increasingly occurring in other countries. China, for example, is the major manufacturer of electric vehicles. Allowing key manufacturing to leave this country not only diminishes good paying jobs, but prevents us from converting these manufacturing capabilities to military needs (such as tanks and planes) as we were able to do in World War II. The solution is to identify essential manufacturing products and to prohibit their movement to other countries. Imposing high tariffs on foreign competition should also be implemented for these essential products/industries. Republican Senator Josh Hawley just introduced a bill to place a 100% tariff on Chinese made electric vehicles. A good start.

Any country that does not control its food production is vulnerable to outside threat. Currently there are over 3.5 million acres of agricultural land in American owned by foreign entities. This also includes food processing companies, like Smithfield, now owned by a Chinese company. Does China allow foreign countries to own their food production? Absolutely not. This problem is rapidly getting worse and needs to be stopped by legislation at the state and federal levels.

Another essential category of products are pharmaceuticals. As we found out during the COVID outbreak, many of our essential drugs are produced overseas;. again, many in China. Totally absurd.

Lastly, modern manufacturing capacity and product development are based on evolving, complex technologies. Our educational system is failing us by not producing sufficient numbers of science and technology graduates. We focus on gender studies and sociology, while other countries focus on math and science. This needs to change if we have any hope of competing in the modern world.

Before you can solve a problem, you have to recognize and identify the problem. Our country must refocus on making America first to ensure we can remain secure and independent through a strong economy.

If You Believe This…

On Tuesday, PJ Media posted an article about a recent claim made by The Washington Post about the impact of illegal immigration on America’s economy. Of course The Washington Post did not call it illegal immigration–they simply called it ‘immigration.’

The article reports:

Then on Tuesday morning, I came across this headline in The Washington Post: “The economy is roaring. Immigration is a key reason.” 

I immediately wondered if I might be concussed. 

Upon further review, I had no head injuries, and I hadn’t touched a drop of booze since last Friday, so I was indeed reading the headline correctly. Sorry, Burger King, there’s a new Home of the Whopper. 

Last fall, I began reminding readers that the MSM Biden bias was going to have to be at least three times stronger than it was in 2020 to get the slurring idiot in the White House reelected. They created a fictional Joe Biden out of whole cloth back then. He’s become such a mess that they are now creating a fictional version of their fictional version. They aren’t even pretending that the real Joe Biden is right in front of our eyes. 

The cheerleading for the economy is to be expected. It’s a kitchen table issue that they hope they can hide somewhere in a cluttered pantry. Over at The New York Times, Paul Krugman writes an almost weekly column telling readers not to believe their lying household budgets and dwindling savings accounts. His most recent effort has a headline that almost rivals the one we’re discussing today: “Bidenomics Is Still Working Very Well.” 

The article includes this quote from The Washington Post article:

There isn’t much data on how many of the new immigrants in recent years were documented versus undocumented. But estimates from the Pew Research Center last fall showed that undocumented immigrants made up 22 percent of the total foreign-born U.S. population in 2021. That’s down compared to previous decades: Between 2007 and 2021, the undocumented population fell by 14 percent, Pew found. Meanwhile, the legal immigrant population grew by 29 percent.

The article at PJ Media notes:

The authors don’t mention the inconvenient fact that record numbers of people are crushing the border and have been for months. The numbers are so overwhelming that the government is scrambling to keep tabs on as many as they can by putting them up in hotels on the taxpayer’s dime. 

This immigration isn’t much of a boon to state and local economies. We continually cover stories here about the financial strain that the “immigrants” are placing on states and cities all over America, like this recent one that Catherine wrote

Even if, as the authors posit, the economy is “roaring,” because of the “immigrants,” it’s only in one area. The southern border crisis is dragging the economy down in many ways. The “Rah! Rah!” in this article is akin to celebrating a $5000 bonus check on the same day that your mechanic tells you that your car needs $7000 worth of work to get back on the road again. 

I wonder if anyone still believes The Washington Post.

Inflation Isn’t Over, And The Damage Will Continue

No one who has bought groceries recently or filled up their gas tank believes inflation is over. Yet recently economist Paul Krugman declared, “Inflation is over. We won.” I guess he doesn’t do the grocery shopping in his family. Yes, inflation has slowed. However, we are still dealing with the price increases that occurred in the past three years. If the baseline is where we were when President Biden took office, the inflation rate is somewhere over 15 percent. If we are talking about the past few months, the number is much lower. However, that number is in addition to the 15 percent that we have already been dealing with.

On Saturday, Real Clear Politics posted a commentary about the damage the Biden administration has done to the economy.

The commentary notes:

The truth is that the wild inflation, high interest rates, bank failures, and other economic harms of the last three years were all entirely avoidable and all entirely caused by President Biden and the Democrats’ arrogant and unwise policies.

This is not “Monday morning quarterbacking.” Some of us were saying this well before the fact. My May 7, 2021 column (“Joe Biden, Economy Killer”) accurately forecast the inflation, rising interest rates, and rising government debt service long before the Biden administration even acknowledged the risks were real.

The U.S. economy did not need another giant stimulus plan when Biden and the Democrats took control in 2021. The U.S. gross domestic product, knocked down by the COVID shutdown in the first half of 2020, had jumped up by a record 33% in the third quarter of 2020 and by another 4% in the fourth quarter, all before Biden took office. The S&P stock market had risen 16.3% in 2020. Employers were waiting for workers to come back to work, and another stimulus package had been passed with bipartisan support in the last quarter of 2020. Happily, the inflation rate was only 1.4% as 2020 ended, with a one-year Treasury rate of just 0.10% and a 10-year Treasury rate of just 0.95%

The commentary concludes:

The Congressional Budget Office last week revised its government deficit estimates upward, expecting $48.3 trillion of government debt by 2034. Interest expense on the federal debt this year has already jumped up to $870 billion, which is larger than the defense budget. Additionally, Biden’s higher interest rates will continue to increase debt service costs as old government debt rolls off and is replaced at higher costs. The risk is stark: a 3% higher interest rate on even the existing $33 trillion level of federal debt equates to $1 trillion of extra federal interest expense each and every year, on top of the already giant existing debt service number.

There is no painless way to pay down this deficit or cover this extra annual government interest cost. The need for billions and billions of extra tax money or budget cuts will fuel fierce political fights, populist divisions, and national anger for years to come. All this public unrest will also be the legacy of the bad Democratic economic policies since 2021. Professor Krugman, when it comes to Bidenomics, “We lost.”

I believe we can turn this around, but it will take an administration that includes people who have worked in the private sector and run businesses. Whatever administration is elected in November needs to include people hired for their qualifications and experience–not for any other reason.