What Difference Did It Make?

We are getting a lot of information right now about the censorship operation that Twitter was operating in order to protect the Biden campaign during the 2020 election. The information is not really surprising to those of us who were paying attention, but some of this is actually news to many Americans. On Saturday, PJ Media posted an article about the probable consequences of Twitter’s censorship.

The article notes:

Let’s begin with the premise that suppressing the content of Hunter Biden’s laptop affected the outcome of the 2020 Election. The Media Research Center (MRC) conducted one of the only polls about how the information on the computer would have affected the way people voted. MRC’s analysis found that full awareness of the Hunter Biden scandal would have led 9.4% of Biden voters to abandon the Democratic candidate. This would have flipped all six of the swing states Biden won to Trump, giving the former President 311 electoral votes.

By that analysis, if not for the fateful decision to censor the laptop story, which Gadde and Baker had a hand in, at least five major things would be different.

The article then goes on to list five of the things that would be different:

First and foremost, it is almost certain there would not be a war in Ukraine right now. President Trump placed sanctions on the Nord 2 pipeline during his term, despite German objections. All Biden had to do was stand up to outgoing German Chancellor Angela Merkel. After all, the entire purpose of NATO is to protect the European continent from Russian aggression. Letting Germany and other western powers become dependent on Russian energy goes directly against the mission.

When the Biden administration inexplicably lifted the sanctions in May 2021, it green-lit the pipeline that would bypass Ukraine, depriving the former Soviet nation of transit revenues and making it more vulnerable to Russian aggression. Even Ukrainian President Voldymor Zelensky knew it.

…Next, the Ukrainian war led to Russia and China becoming closer allies and leading the BRIC nations. This group includes Brazil and India. Many believe these nations will be dominant suppliers of manufactured goods, services, and raw materials by 2050. There have been reports that BRIC nations and their allies want to replace the U.S. dollar as the world’s reserve currency. The Biden administration seems content to let this happen without a challenge. As the kleptocrats in our government, led by Joe Biden and Wall Street, lead us into managed decline, you can thank Gadde and Baker.

Third, our European allies would not be facing an energy crisis. The war in Ukraine needlessly destroyed Nord 1, which supplied much of the continent. Additionally, the Biden administration’s not-in-my-backyard energy policy leaves the U.S. unable to meet our own energy needs, let alone help Europe.

…The same NIMBY energy policy also makes the United States less safe. In a 2020 debate, Trump explained in about 10 seconds how U.S. energy independence strengthened our foreign policy. Now, Joe Biden begs some of the worst dictators in the world for oil, and they laugh at him. Biden also drains our strategic petroleum reserves to save Democrats from getting obliterated in the midterms, leaving us less prepared.

The article concludes:

Finally, as you struggle with inflation on food and gas, know that it never needed to happen. When Trump left office, the economy was recovering from the pandemic on a V-shaped trajectory. The American Rescue Plan, the infrastructure bill, and the Inflation Reduction Act blew more money into an economy overheated by pandemic relief. When the new administration allowed even more dollars to chase fewer goods, prices rose. So, when you are rolling your eyes over your grocery bill, thank Gadde and Baker. Their manipulation of Twitter helped Joe Biden do that.

The only constitutional solution to a stolen election is the next election. Please keep that in mind. For those of you that hate President Trump, remember the good he did for the average American. You may not like his style, but he accomplished more in four years than the past five presidents. In the interest of fairness and for the good of the country, he needs to be re-elected in 2024.

The American Economy Under The Biden Administration

On Wednesday, The Washington Free Beacon reported the following:

U.S. business activity contracted for a fifth straight month in November, with a measure of new orders dropping to its lowest level in 2-1/2 years as higher interest rates slowed demand.

S&P Global said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 46.3 this month from a final reading of 48.2 in October. A reading below 50 indicates contraction in the private sector. Activity is slumping under the weight of the Federal Reserve’s most aggressive interest rate-hiking cycle since the 1980s aimed at curbing inflation by dampening economic demand.

The flash composite new orders index dropped to 46.4, the lowest level since May 2020, from a final reading of 49.2 in October. Outside the initial wave of the COVID-19 pandemic, this was the worst reading since 2009.

The article concludes:

Average input prices increased at the softest rate in two years, but factories still faced challenges finding skilled labor. This suggests the slowdown in inflation will be gradual as wages remain sticky.

The survey’s flash services sector PMI decreased to 46.1 from 47.8 in October. Services businesses also reported weak demand and a moderation in input prices.

I am not an economist, and I do not totally understand what these numbers mean. Generally speaking, inflation is a problem and the rising interest rates that are supposed to combat it are a problem. It is my understanding that the solution to the inflation problem could be found in bringing back domestic energy production and limiting government spending. The new House of Representatives that will be sworn in in January does have the power to cut government spending; however, it is doubtful that they have the power to overrule the Biden administration’s restrictions on domestic energy production. All of us need to be concerned for the people in the colder regions of America this winter. Heating costs will be very high, and many people are going to suffer because of brownouts and energy costs. All of this is the result of the Biden administration’s energy policies. The war in Ukraine is a contributing factor, but not the main cause. Energy prices began to rise in January 2021 and have continued to rise since (with a few pauses). Energy is an international commodity and is subject to supply and demand. The way to bring energy costs down in America is to get back to producing our own energy. That is also the way to curb inflation.

When The Spin And The Facts Disagree

On Wednesday, The Conservative Review noted the Biden administration’s latest claim in their list of accomplishments.

The White House sent out the following Tweet:

Now, normally that might be something to brag about, but there is a catch–the increase in Social Security is linked by law to inflation–the White House has nothing to do with it.

The article notes:

Twitter added a fact check to the tweet, noting that while Seniors will receive an increase in their social security benefits, it’s “due to the annual cost of living adjustment, which is based on the inflation rate.”

CNN’s fact-checker Daniel Dale called the White House’s claim “quite the spin.”

“The size of Social Security checks is linked, by law, to inflation. This year’s increase is unusually big because the inflation rate is unusually big.”

Former President Richard Nixon signed a law into place in 1972 that granted automatic benefit adjustments based on the Consumer Price Index.

Frankly I would be happier with the same amount of Social Security if my dollars were actually worth anything. Inflation is a tax on everyone, and right now we are overtaxed.

Biden’s Destruction of America

Author: R. Alan Harrop,Ph.D

In March 2021, I wrote an article reporting on some of the actions Biden was initiating that would be harmful to America. Let’s update his actions as of November 2022 and see how things stand after almost two years of his administration. I write this on Halloween night, but it is scarier than ghosts and goblins.

The Border: We no longer have a Southern border. Well over 5 million illegals have been welcomed across the border in less than two years. Illegal drugs are coming in unchecked, including fentanyl which has killed close to 100,000 Americans in the last year. Estimates are that illegals will cost each tax payer $2,600/year.

Inflation: The prices of consumer goods are rising dramatically; especially on essential items. Inflation under President Trump was about 2 %. Now at a forty year high of 8.6% and much higher for food.

Energy: On Election Day 2020, the price of a gallon of gas was $ 1.87, it now averages $3.49 and much higher in some areas. We have gone from energy abundance/independence to energy shortages. Recent report shows that there is only sufficient diesel oil for 25 days to meet our usual consumption. Home heating oil, commonly used in the northern states, has gone from $1.45 to $5.72 per gallon. The cost of electricity has gone up 16% in the last year and is expected to go higher. Energy is costing the average family $6,200 more per year. Biden’s depleting our strategic oil reserves and selling this oil to China is treasonous.

Personal Wealth: The stock market is down about 30 % and inflation reduces the value of bank accounts by about 10% per year. People on fixed income are especially hard hit. We are getting poorer.

Cost of Housing: Mortgage rates have gone from less than 3% to 7%. A $300,000 house will cost $878 more per month, $10,536 more per year and a whopping $316,000 more over the life of a 30 year loan. Rents are going up similarly.

Unconstitutional Spending: You will be paying off the loans of college students estimated to cost over $300 billion dollars over the next ten years and will continue going higher; even though you may have paid your own way through college or not gone to college at all. Presidents have no authority to do this.

Second Amendment: The Biden administration is requiring all credit card companies to report all sales of firearms and ammunition to the Federal government thereby tracking your purchases.

IRS/FBI: These agencies are now enforcement arms of the Biden administration. Hiring 87,000 armed IRS agents is aimed directly at the middle class and small business owners.

Crime: Has been increasing dramatically, especially in urban areas, as a direct result of defunding the police and liberal prisoner release policies.

International Relations: War in Ukraine, North Korea firing missiles, conflicts with Saudi Arabia, China emboldened and threatening Taiwan, are all examples of deteriorating relations with other countries.

No doubt there are other destructive actions by Biden and the radical Democrats. No rational person can look at where America is now and say we are better off after the last two years. YOU MUST GET OUT AND VOTE, if you love this country.

Lying Or Simply Not Knowing?

On Thursday, The U.K. Daily Mail posted an article about a recent speech by President Biden.

The article reports:

President Joe Biden touted U.S. manufacturing gains Thursday on a trip to Syracuse – where he claimed gas prices were down compared to when he took office, when in fact they are higher.

‘We’re down $1.25 Since the peak this summer, and they’ve been falling for the last three weeks as well as well, and adding up real savings for families today.,’ Biden said. 

‘The most common price of gas in America is $3.39 down from over $5 When I took office,’ he continued.

The average cost of a gallon of gas on the AAA site was $3.76 Thursday. When he took office, it was averaging $2.39 – or about half what he said it was then – according to the Energy Information Institute.

President Biden has a very shaky relationship with the truth. Remember how the political left was always accusing President Trump of lying? Somehow that hasn’t happened to President Biden, even when he is lying.

Yahoo News recently fact-checked another of President Biden’s statements:

Joe Biden: “wages have gone up higher, faster than inflation”

PolitiFact’s ruling: Mostly false

Here’s why: President Joe Biden defended his record on the U.S. economy while attending the international climate change conference in Glasgow, Scotland.

Biden entered the United Nations’ COP 26 summit facing supply chain challenges and high levels of inflation back home. At a press conference, he said the U.S. is still in a better place than a year ago, when the coronavirus pandemic limited family gatherings and hampered the economy.

“This Thanksgiving, we’re all in a very different circumstance,” Biden said on Nov. 2. “Things are a hell of a lot better, and the wages have gone up higher, faster than inflation.”

On inflation and wages, Biden has a point for the most recent two months — August and September 2021. However, inflation outpaced wages by so much earlier in his presidency that these two months haven’t changed the overall picture much. All told, Americans are worse off on the comparison of inflation and wages than they were roughly a year ago. (The White House did not respond to an inquiry for this article.)

At least someone is noticing the lies.

When The Facts And The Statements Just Don’t Agree

On Monday, Issues & Insights posted an article about a recent statement by Speaker of the House Nancy Pelosi. I am amazed when politicians make false statements that can be so easily checked. So in case you missed it, here is the statement and the actual facts.

The article reports:

For more than a year, Democrats have dismissed inflation, pointed the finger of blame at everyone but themselves, or tried to make it sound like we should be grateful because inflation “always happens” when the economy recovers.

Way back in June 2021, President Joe Biden said higher prices “were expected and are expected to be temporary” because, you see, “you can’t flip the global economics light back and not expect this to happen.”

The public never bought into this, but kudos to House Speaker Nancy Pelosi for sticking with the Big Lie. In that Oct. 18 interview, Pelosi says that Democrats need to focus on the fact that Biden “brought unemployment [down], cut it in half,” to explain why prices went up.

Pelosi’s been making this claim for a while. Back in February, she said: “The fact that people have jobs always contributes to an increase in inflation, and that’s a good thing.”

Is she right? Does inflation go up when unemployment goes down? Look at the four charts below and see for yourself. These show inflation rates during four sustained and strong drops in the unemployment rate over the past 40 years.

The article includes five charts:

How many voters who automatically vote for Democrats are aware of this information?

Bringing A Meme To Life

On Sunday, BizPacReview posted an article about a meme coming to life.

The article reports:

President Joe Biden made a Baskin Robbins run while in Portland, Oregon, on Saturday and broke the internet when, with a mouthful of ice cream, he casually told a reporter that the U.S. “economy is strong as hell” and blamed the rest of the world for inflation.

“I’m not concerned about the strength of the dollar. I’m concerned about the rest of the world. Does that make sense?” Biden said.

When asked if he could explain his statement, Biden, while chewing on his waffle cone, stated, “Our economy is strong as hell. Inflation is worldwide. It’s worse off everywhere else than it is in the United States. So, the problem is the lack of economic growth and sound policy in other countries, not so much ours. It’s worldwide inflation. It’s consequential.”

The comment comes on the heels of the latest Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics, which revealed that core inflation has reached a new 40-year high.

And in that stunning moment, Joe Biden brought a months-old meme that has been circling the internet to life.

The article includes the meme:

President Biden is President of America–not of the world. It would be nice if he were concerned about inflation in America.

The article concludes:

So it’s hard to imagine, as more and more Americans are making tough choices between things like food and gas to get to work, what Joe Biden could possibly do to boost anyone’s confidence.

But, as one user on Twitter noted, “They can get him to do and say anything with ice cream.”

I wonder what world our President lives in.

This Statement Is Going To Have Repercussions!

On Monday, Townhall posted an article about a recent statement by President Biden that is going to create some problems for those pulling the levers of power in Washington.

The article reports:

President Biden declared the COVID-19 pandemic “over” during an interview with CBS’s “60 Minutes,” an acknowledgement that prompted anger among liberals and questions from conservatives.

Noting that it’s the first Detroit Auto Show in three years, host Scott Pelley asked the president if that was a sign the pandemic was over.

While noting the virus continues to be “a problem,” Biden admitted, “the pandemic is over.”

“If you notice, no one’s wearing masks. Everybody seems to be in pretty good shape, and so I think it’s changing, and I think [the Detroit Auto show resuming] is a perfect example of it,” he added.

The article notes the problems resulting from this statement:

Conservatives, meanwhile, pointed out there is no justification for any Covid restrictions to be in place anymore or any vaccine or mask mandates to remain. He also just upended his administration’s argument for its student loan bailout. 

The article concludes:

According to Politico, the statement was not part of his planned remarks and “caught several of his own health officials by surprise.”

There were several other statements made during the “60 Minutes” interview that the Biden administration staff is working hard to clean up. On Monday The American Thinker posted an article detailing some of the other missteps by President Biden during the interview. The missteps include issues such as America’s policy on Taiwan, inflation, the raid on Mar-a-Lago and last of all, his own fitness for office.

 

Something To Consider

Front Page Magazine posted an article today about the recent White House celebration of the passage of the Inflation Reduction Act. James Taylor sang, and everyone present celebrated the coming end of inflation.

The article reports:

Biden threw a party to celebrate the Inflation Reduction Act on the White House South Lawn even as the latest figures showed that core inflation has continued to rise. Grocery prices had the steepest increase since 1979. Rent prices shot up again and medical costs are escalating.

Even the most loyal media lapdogs could hardly stand this festival of lies. CNN cut away from Biden’s masque of red ink to show what was happening to the stock market. Reuters acidly headlined its coverage, “Biden celebrates ‘Inflation Reduction Act’ as food, rent prices climb”.

So what’s there to celebrate?

The Inflation Reduction Act is a lie. It doesn’t reduce inflation: it actually gooses it. The IRA is another inflationary leftist spending boondoggle that throws billions at green energy and $80 billion at the IRS to audit the middle class in the hopes of balancing out some of the crony cash.

The article notes the real intention of the Inflation Reduction Act:

The Biden administration isn’t fighting inflation, it’s deliberately increasing it even as its cronies in the Federal Reserve hammer home new interest rate hikes to force the economy into a recession. This two-step dance destroys savings, wrecks investments and allows for a massive wealth transfer to Democrat donors, special interests and voters. The more that the Democrat majority spends, the worse inflation gets and the more justification there is for higher rates.

If a recession arrives, there’ll be even more justification for government wealth transfers.

The transfer of wealth actually began during the Covid pandemic. Small businesses were forced to close while big box stores remained open. Amazon became the place to shop for people who were fearful of leaving their homes. Walmart remained open while the local clothing stores closed. In California, restaurants were forced to close while Hollywood created their own restaurants on movie sets. Churches closed while liquor store remained open. The transfer of wealth has been happening for a while.

The article concludes:

While inflation is a useful tool, it’s not the only one. The EPA, CDC, FDA, USDA and numerous government agencies with virtually unchecked regulatory powers can dramatically change product availability and price at the macro level leading to demands for further interventions.

COVID lockdowns were the patient zero of this new economy. Seemingly irrational and unjust measures shut down small businesses while allowing Amazon and major retailers to roll on. But there was nothing irrational about it. This was a deliberate strategy to further consolidate the retail sector, concentrating the pain among small businesses before offering them temporary subsidies, and narrowing the retail pipeline to put it even further under government control.Labor disputes in rail lines and UPS allow Democrat unions to shut down the supply chain.

But as they used to say on television, “This was only a test.” Socialism, on a much broader scale than we’ve seen it, is being tested. As destructive as these tests were, that’s still what they are. Anyone living under actual socialism can tell you that it can get much worse. And will.

When that happens, Biden will throw an even bigger party. And we’ll be the ones paying for it.

The Numbers On Inflation

On Tuesday, Hot Air posted an article about the consumer price index report that was released.

The article reports:

So much for the second iteration of “inflation’s over!” Today’s consumer price index report shows year-on-year inflation still roaring at 8.3%, thanks in part to soaring food costs, which offset a plateau on gasoline prices.

However, even without food and energy, inflation picked up steam last month, as core CPI rose back above six percent year-on-year, and 0.6% month-on-month:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment.

Increases in the shelter, food, and medical care indexes were the largest of many contributors to the broad-based monthly all items increase. These increases were mostly offset by a 10.6-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 5.0 percent over the month as the gasoline index declined, but the electricity and natural gas indexes increased.

The index for all items less food and energy rose 0.6 percent in August, a larger increase than in July. The indexes for shelter, medical care, household furnishings and operations, new vehicles, motor vehicle insurance, and education were among those that increased over the month. There were some indexes that declined in August, including those for airline fares, communication, and used cars and trucks.

The article concludes:

Even before this report, we knew that real disposable personal income (real DPI) had fallen for five quarters in a row. That too is a compounding measure. The plight of the American worker has gotten worse every single month of Biden’s presidency — and there’s no spinning that.

Please follow the link above to read the entire article. It includes charts and further information on the impact of inflation on every American.

I Think We Can File This In The ‘Fiction’ Section

On Monday, Issues & Insights posted an article about some recent comments by former President Obama. The former President claimed that Americans are better off because Joe Biden is President. Actually, I don’t think that is true.

The article reports:

When he wasn’t admiring his White House portrait, Barack Obama managed to say a nice thing about President Joe Biden. He must have been joking, though, because what he said defies reality.

“Joe, it is now America’s good fortune to have you as president,” Obama said. “The country is better off than when you took office. We should all be deeply grateful for that.”

Our “good fortune”? Let’s review just how much “better off” we all are thanks to Biden and his fellow Democrats.

Here are the highlights. Please follow the link to the article to read the details:

COVID deaths

Inflation

Real earnings

Financial stress

Economic optimism

Unity

Stock market

Crime

Direction of the country

The article concludes:

Finally, there’s the fact that a majority of Americans now favor impeaching Biden. A new Rasmussen survey finds that 52% of likely voters want him impeached. Even among Democrats, almost a third (32%) want him impeached.

Ask yourself, are you “deeply grateful” for how things have turned out under Biden? If not, what are you going to do about it?

It might be a really good idea to keep these items in mind when you vote in November.

Yes, Your Taxes Will Go Up If The Inflation Reduction Act Passes

The Biden administration is claiming that the Inflation Reduction Act will reduce inflation, help bring down the deficit, and not raise taxes on any American who makes less than $400,000 a year. That’s a really great idea. Unfortunately it’s not true.

The Daily Caller posted an article on Monday that explains what the bill will actually do. The article cites the Congressional Joint Committee on Taxation (JCT) as the source of its information:

The JCT found that taxes would go up by a total of $16.7 billion for Americans making less than $200,000, and by $14.1 billion for Americans making between $200,000 and $500,000.

Tax rates will begin to increase for a number of income groups as soon as the 2023 calendar year, according to the JCT. Those making less than $10,000 would see their average tax rate increase from 7.3% in 2022 to 7.6% in 2023, while those making between $30,000-$40,000 would go from 7.8% to 7.9%, and those making between $100,000-$200,000 would go from 19.1% to 19.4%.

That may not be a significant amount, but it is a tax rate on every American who pays taxes.

The article notes:

Senate Finance Committee Chair Ron Wyden’s spokeswoman Ashley Schapitl pushed back against the estimates, arguing that the JCT analysis is incomplete since “it doesn’t include the benefits to middle-class families of making health insurance premiums and prescription drugs more affordable,” Politico reported.

White House press secretary Karine Jean-Pierre made a similar argument Monday when pressed on the incongruities between the JCT estimates and Biden’s claims.

“The JCT’s report that we’re seeing is incomplete because it omits the actual benefits that Americans would receive when it comes to prescription drugs, when it comes to lowering energy costs like utility bills,” Jean-Pierre said.

The promise made was that the bill would not raise taxes. It raises taxes. The other savings may or may not happen. Green energy has been shown to increase utility bills–not decrease them, and a lot of money in this bill goes toward increasing America’s dependence on green energy.

The article concludes:

But it remains unclear how President Biden’s initial claim that taxes are not going to go up on those making under $400,000 dollars squares with JCT’s data, even if there are certain “indirect benefits” like “drug-price savings,” “mitigating the climate crisis” and “deficit reduction.” Tax rates on at least some individuals making under $400,000 will still increase, according to the JCT, a bipartisan committee, contrary to Biden’s claim.

It’s All A Matter Of Perspective

Inflation impacts every American. We see it mainly at the grocery store and the gas pump, but it also shows up in movie prices, concert prices, the cost of dining out, etc. In terms of the impact on food prices, Scott Johnson at Power Line Blog reports on one of the most amazing comments by the White House on the price of food.

The article reports:

White House Economic Council Director joined White House press secretary Karine Jean-Pierre for the July 26 press briefing last week. The White House has posted the transcript here. Talking up the strength of our economy by comparison with others, Deese (White House economic adviser Brian Deese) actually said this:

Well, look, I think that our — our economy is more resilient to the — to the types of challenges that we’ve faced. For example, you know, with respect to food, we’re a net exporter of agricultural commodities. And, obviously, the high prices are hitting Americans very hard, but they’re — that — in a way that is different from some places that are facing famine, for example.

So what I hear in that statement is that the Biden administration really doesn’t care that the high price of food is seriously impacting Americans, we should be glad we are not facing famine.

We can’t get the Biden administration’s hands off of any public policy power they have soon enough.

Welcome To The Biden Economy

Scott Johnson at Power Line Blog reported on Wednesday that in June prices rose 9.1 percent above last year. That is a forty-year high.

The article reports:

Inflation hit a new four-decade high in June as prices rose 9.1 percent from last year — 1.3 percent from the prior month — according to the data released by the Bureau of Labor Statistics this morning. The BLS’s “all items index increased 9.1 percent for the 12 months ending June, the largest 12-month increase since the period ending November 1981.”

I put it this way: We see it everywhere and every day. The BLS puts it this way: “The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors.”

If anyone tries to tell you it’s not as bad as it seems, note that the more plausible case belies it: “The energy index rose 41.6 percent over the last year, the largest 12-month increase since the period ending April 1980. The food index increased 10.4 percent for the 12-months ending June, the largest 12-month increase since the period ending February 1981.”

Every American is paying more to eat, travel, and have a place to live. This is the direct result of policies put in place by the Biden administration. There has been no move by the Biden administration to change any of the policies that caused this–if fact they are considering using the reconciliation process to pass a bill that will make things even worse–the increased taxes and increased spending in that bill will definitely move us from inflation to a recession.

If you want things to change, your only hope will be to change Congress so that the Biden administration cannot pass its economic policies. The economic policies of the Biden administration will bankrupt all of us.

 

This Is Just Wrong

On July 5th, The U,K. Daily Mail reported that President Biden shipped five million barrels of oil from the United States’ Strategic Oil Reserve to Europe and Asia. The President told the American people that the oil was being released to help bring down the price of gasoline at the pump and thus ease expenses for Americans. Evidently, that was not the whole story.

The article reports:

The president faces accusations of a sneaky sleight of hand as it was revealed that between a fifth and a sixth of the reserve oil he bragged about releasing to boost supply made its way offshore to Europe and Asia in June.

Biden authorized the release of a million barrels a day from April onwards. But his action has done little to combat soaring gas prices, with the national average sitting at $4.74 as of Tuesday – still far above the $2.28-a-gallon average from just before he took office. 

Biden’s announcement about releasing the oil barrels was made in April, and saw him say: ‘These releases will put more than one million barrels per day on the market over the next six months, and will help address supply disruptions caused by Putin’s further invasion of Ukraine and the Price Hike that Americans are facing at the pump.’

But it has had little effect, with a closer look at the press release revealing that the oil released from the strategic reserve was always destined for the highest bidder – even if they were overseas.

That is due to strict international rules dictating the sale and supply of oil – although a regular American who listened to Biden’s proclamation in passing would likely have believed that the increase in supply would have been destined for domestic refineries, to lower US prices. 

‘Crude and fuel prices would likely be higher if (the SPR releases) hadn’t happened, but at the same time, it isn’t really having the effect that was assumed,’ said Matt Smith, lead oil analyst at Kpler.

Government officials continue to defend Biden, and claim domestic gas prices would be even higher were it not for his release.  

The release of oil from the Strategic Oil Reserve is at best a temporary fix. America was energy independent when President Biden took office and inflation was under control. The amount of money from American energy that was flowing into the tax coffers of America was also helping offset some of the out-of-control spending. The simplest way to deal with inflation and help middle-class Americans cope with rising prices would be to open up American energy development quickly. Unfortunately, as long as the Democrats control Congress and the White House, that will not happen. If Republicans take Congress in 2022, the noose around the American energy sector might be loosened, but it will take a Republican President in 2024 to bring us back to economic stability. Meanwhile, expect gimmicks before the mid-term election to try to drop the price of gasoline, but understand that as soon as the election is over, the President will go back to limiting American energy unless a Republican Congress is in place to stop him.

The Daily Malarkey

I receive and email every day from The Daily Malarkey. It is basically a write-up of some of the foolishness that is currently going on in the media and the so-called leadership of our country.

Here is an excerpt from today’s email:

Media Doing Opposite Of Supposed Mission

FOX headline: “MSNBC, WaPo, ABC figures warn voters against gas prices influencing their vote in November; Some media pundits worried that gas prices, inflation will dominate midterm concerns”“After downplaying concerns about the economy in the last year, some media outlets are now panicking that high gas prices and inflation will tank Democrats in the midterm elections, with some pundits even scolding voters for making it a priority.“Washington Post columnist Catherine Rampell told readers that it was a ‘wild fantasy’ to believe the GOP could lower gas prices, as she warned voters to ‘think carefully about what they’ll get if they cast their ballot based on gas prices,’ in a Sunday opinion piece.”“Quoting colleague E.J. Dionne, she cautioned that if Republicans win in November that could lead to ‘far more radical and sinister forces’ trying to ‘undermine democracy.’“On MSNBC’s ‘Morning Joe,’ branding guru Donny Deutsch fretted that pocketbook issues would win out with voters this year and in 2024 as more important to them than America’s democracy being ‘in peril.’“MSNBC host Joy Reid and political analyst Matthew Dowd characterized a red wave as a ‘threat’ the media needed to warn voters against on Monday.“‘We have to tell the voters what the threat is just like we do, Joy, we tell them about inflation, and we tell them about job growth, and we tell them about a hurricane, and we tell them about tornadoes, and we tell them about wildfire, we have to treat this assault just like we have to tell them about the assault on democracy,’ Dowd said.“Fellow MSNBC host Tiffany Cross took the same approach on her show Saturday, complaining that inflation was more of a concern for voters than the Jan. 6 committee hearings.“‘Come this November, will voters be more concerned with saving money than saving democracy?’ the ‘Cross Connection’ host asked.“Cross griped that inflation and ‘high prices’ dominated media coverage, which led Americans to be less interested in the ‘compelling testimonies and evidence’ in the Jan. 6 committee hearings.”“‘The View’ host Joy Behar absolved Biden of any responsibility for the energy crisis and said Republicans just wanted to make Biden ‘look bad.’”

An honest media would be a wonderful thing. Should we reward the Biden administration for doing a really bad job of running the country by electing people who will endorse their policies?

The Plan

On Tuesday, Issues & Insights posted an article about the Biden administration’s plan to fight inflation.

The article reports:

“Today the Democratic House takes a strong step to bring down crucial kitchen table costs of the pump and grocery store and across the board.”

That’s the transcript of what House Speaker Nancy Pelosi said on the House floor before all but five of her fellow Democrats voted for the “Lower Food and Fuel Costs Act” last week.

Pelosi’s garbled syntax aside, the only thing this bill would lower is the public’s trust in anything Democrats say these days. Despite its title, this bill would expand government but do nothing – repeat, nothing – to lower prices today, tomorrow, or any time in the future.

Among the Democrats’ brilliant inflation-fighting ideas is to create a new meat police to harass the meat industry. Another is to expand a subsidy program for farmers that has already proved ineffective in keeping food prices from skyrocketing. Finally, it would expand the use of ethanol – a plan that even President Joe Biden admits will fail to lower fuel prices.

…The bill also claims to lower food costs by encouraging farmers to adopt “precision farming” techniques that would lower their reliance on fertilizer, the cost of which has also spiked.

Here’s how Democrats on the House Agriculture Committee describe this: “Expanding access to precision agriculture has the potential to reduce fertilizer use and lower costs while also providing resource benefits including clean water and reduced carbon use. It is also a priority to help deal with the water shortages facing growers in much of the Western United States.”

But this program has been around for 26 years and Washington has dumped more than $25 billion into these subsidies. What effect has all this largesse had on food price inflation today? Go to your nearby grocery store for the answer.

The article concludes:

Biden doesn’t believe this will make any difference either. The Washington Post reported recently that while talking up E-15 as a money saver in public, “privately, Biden dismissed the policy as ineffective” and “worried … that it exaggerated ethanol’s ability to cut gas prices and could harm his climate goals.”

There’s also the inconvenient truth that encouraging farmers to turn more corn into fuel will leave less corn for food, pushing up grocery prices. So even if consumers did see gasoline prices fall, they’d pay for it in higher food prices

The Democrats’ bill does have one thing in its favor. It makes it clear that the only way to change the direction of economic policy coming out of Washington is to change the leadership in Washington.

I am praying for an honest mid-term election.

More Pinocchios For The White House

On Tuesday, Breitbart posted an article about the Biden administration’s claim that the biggest driver of American inflation in the war in Ukraine. It is interesting that this claim is coming out as many economists believe that the economic growth numbers that will come out at the end of this month will show that America is in a recession according to the classical definition of the word recession.

The article notes:

Inflation was high and rising long before the recent Russian invasion of Ukraine. The Consumer Price Index (CPI) increased 0.6 percent in May of 2021 after rising 0.8 percent in April., On an annual basis, prices were up 5.0 percent, the largest 12-month increase since a 5.4-percent increase for the period ending August 2008.

Core inflation, which excludes food and energy, was 3.8 percent over the previous 12 months, the largest 12-month increase since the period ending June 1992.

The article concludes:

The biggest factor in the rise of energy prices has been increased global demand and a lack of capital investment. The latter was caused, in part, by ESG investing, Biden’s promise to end fossil fuels, and regulators discouraging fossil fuel production.

Yet inflation is still very high even with energy excluded. Absent energy, the CPI is up 6.6 percent year over year and rose 0.7 percent in May from April. This demonstrates that Putin has very little to do with the bulk of U.S. inflation.

People who normally invest in finding oil are being very cautious right now. Banks have slowed lending to oil companies for exploration because the government is not allowing the exploration needed to keep America energy independent. The first step toward ending inflation would be open up drilling (and the necessary pipelines) to keep the income from the energy market in America. The next step would be removing at least one in three government regulations on business and people trying to start businesses. Don’t look for either solution under the Biden administration.

 

Creating More Inflation

On Friday, The Conservative Treehouse posted an article about one plan proposed by the White House to help Americans cope with the high cost of gasoline. After all, there is an election in November. Aside from the fact that this plan would further fuel inflation by putting more dollars into the economy, it does nothing to help the truckers who transport everything and have no choice but to pass on their increased costs to the consumer resulting in rising prices on nearly everything.

The article includes the following chart:

On Friday, The Washington Post reported the following:

Gas prices have been one of the most visible signs of inflation. The White House has taken a number of actions to try to address the problem, such as committing to a historic release of the nation’s oil reserves and, on Wednesday, sending a letter to the nation’s refineries calling for more production and criticizing their profits. President Biden has also tried to increase production internationally, prodding the world’s oil producers and coordinating the release from national reserves with U.S. allies.

But those measures appear not to have helped substantially. The average gas price nationally rose above $5 a gallon for the first time this weekend, a roughly 11 percent increase from just last month, according to AAA, although some industry analysts say it could fall back to $4.55 in the weeks ahead. Polling suggests widespread frustration with rising prices, increasing the likelihood that voters punish Democrats this fall and give Republicans control of at least one house of Congress next year.

We desperately need an honest election in November.

I Think The Fact-Checkers Went Home

President Biden and his administration members have been claiming for the past few days that inflation in America is lower than inflation in other industrial countries. The claim is made with the assertion that because America has lower inflation it can’t be President Biden’s fault. The only problem with the claim is that it isn’t true.

The chart below was posted by The U.K. Daily Mail on Friday.The article reports:

In an interview with the Associated Press that was conducted Thursday, he (President Biden) slapped back suggestions he is to blame.

‘Isn’t it kind of interesting? If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not trying to be a wise guy,’ he told AP reporter Josh Boak in the Oval Office.

While prices having been rising across the globe, the inflation in the U.S. has been higher than the G7 nations and China for most of the year.

The United Kingdom with a four-decade high of 8.6 percent has only just surpassed inflation in the United States.

But nations including Germany, France, Japan and Canada are Sall still behind the U.S. when it comes to prices.

Data from the Organisation for Economic Co-operation and Development from April 2021 until April 2022 shows U.S. inflation has been rising steadily above all other nations.

The data runs only until April as it is where the fullest data was available. 

It should also be noted that President Biden has consistently criticized the profit margins of the oil companies. A website called Macrotrends includes information of both oil company profit margins (and for comparison) the profit margin of Apple.

Here are portions of those charts:

I don’t think oil profit margins are the problem.

It’s Not A Pretty Picture

Just the News posted an article on Sunday that sums up the Biden administration in five numbers.

These are the numbers:

1. 8.6 percent

2. $5.01 per gallon

3. 234,088 illegal border crossings

4. 39% approval

5. 83% dissatisfied

Obviously, this is not a pretty picture. The 8.6 number represents the government figure on inflation. There is little question that government policies on spending and energy have fueled the rapid spike in inflation. According to Fox Business, on Jan. 20, 2021, the average price for a gallon of gas nationwide was approximately $2.39. Today it generally $5.00 or more. That impacts everyone. It has the same impact as a massive tax increase.

The number of illegal border crossing also impacts everyone because of the drug traffic and human trafficking associated with those illegal crossings.

The article notes:

The figure reached about 2.4 million illegal border crossings from April of last year to this past April, the last month for which there’s publicly available data and the month with the highest number of migrant encounters during the Biden administration at 234,088.

The 39 percent approval rating is not a surprise, but I would love to know who those 39 percent are.

The article notes:

A new poll from Quinnipiac last week found that approval of Biden’s job performance plummeted to 33%. More striking, however, the data shows just 22% of Americans ages 18-34, 24% of Hispanic voters, and 49% of black voters said they approve of Biden’s job performance. Each of those demographics is a critical voting bloc for the Democratic Party.

And finally, the article notes that 83 percent of Americans are dissatisfied with “the way things are going in the United States at this time.” Only 16% of Americans said they were satisfied.

The article concludes:

In this political environment, Democratic pollsters and strategists are growing increasingly pessimistic, seeing major Republican gains as all but inevitable.

To make matters worse for Biden and Democrats in Congress, “election outcomes are more-or-less baked in” by the end of the second quarter of an election year, according to RealClearPolitics Senior Elections Analyst Sean Trende.

Of course, things can always change, but the numbers don’t look good for Biden.

More importantly, behind those numbers are real people who are hurting. And each of them has a vote in November.

These numbers only matter if there is an honest election in November.

Looking Past The Spin

It’s always interesting to listen to enough mainstream media to find out what the catch phrase of the day is. When Dick Cheney was appointed as George W. Bush’s Vice-President, the phrase was ‘gravitas.’ I can’t prove that the mainstream media has an online meeting early every morning to plan the news for the day, but I can say that it sure looks that way. Even Wikipedia has an entry for Operation Mockingbird.

Two of the current phrases of the day are ‘Putin’s tax on food and gas’ and ‘Putin’s inflation.’ I am not sure the American public actually believes either one.

On Friday, The Western Journal noted the following:

President Joe Biden is continuing to blame inflation on Russian President Vladimir Putin more than three months into Russia’s invasion of Ukraine.

During an event on Friday, Biden addressed the latest inflation report as he said, “I understand Americans are anxious. And they’re anxious for good reason.”

“I was raised in a household when the price of gasoline rose precipitously it was the discussion at the table. It made a difference,” he continued.

Finally, Biden said, “We’ve never seen anything like Putin’s tax on both food and gas.”

Actually, inflation arrived before Putin invaded Ukraine, but that is what you call an inconvenient truth.

The article notes:

From the outset of Russia’s war on Ukraine, Biden officials have blamed the “Putin price hike” for the spikes Americans were seeing in gas and food prices — even though inflation had hit a 40-year-high in the months leading up to the invasion.

Biden’s comments come after the latest data from the Bureau of Labor Statistics showed that inflation accelerated in May.

The consumer price index rose 8.6% in May compared to the same month last year, marking the fastest pace of price increases since Dec. 1981.

It’s much easier to blame Putin than to take responsibility for the runaway government spending that has occurred since President Biden took office. Look for more catch phrases of the day as inflation continues.

Life In America Is Getting More Expensive

On Friday, The Daily Caller posted an article about the impact of inflation on household budgets.

The article reports:

The Consumer Price Index (CPI) reached its highest rate in over 40 years in May, adding more strain on U.S. household budgets.

American families watched as consumer prices for necessities like groceries, oil and gas, and transportation rose 8.6% in the last year, according to the Friday U.S. Bureau of Labor Statistics (BLS) report.

The CPI, which measures the change in price for products paid for by U.S. consumers, increased a startling 1% in May after only rising 0.3% in April, the BLS report shows.

The skyrocketing rates affect all areas of American life, but shelter, gasoline, and food saw the highest price increases.

The article concludes:

Records show food prices rose 1.2% in May, an increase from the .9% rise in April. The food at home index climbed for the fifth consecutive month, increasing 1.4% in May. The price for American families to eat at home has risen 11.9% over the past 12 months, making it the largest 12-month increase since April 1979, reported BLS.

“All six major grocery store food group indexes increased over the [last 12-months], with five of the six rising more than 10 percent. The index for meats, poultry, fish, and eggs increased the most, rising 14.2 percent, with the index for eggs increasing 32.2 percent,” the BLS report stated.

Fruits and vegetables rose 8.2%, with other food at home rising 12.6%.

Transportation costs, like new and used cars, and airline fares, also rose. The price of new vehicles rose 1% in May and 12.6% over the past 12-month. The used car index increased 1.8% in May and 16.1% over the past year. Airline fares rose 12.6% in May alone, after increasing 18.6% in April, statistics show.

There are a lot of reasons for this increase in inflation. There is also a belief in some circles that it is by design–inflation makes the national debt easier to pay off. Unfortunately, if the Federal Reserve raises interest rates, the interest on the debt increases dramatically. Basically, excessive government spending is a major source of inflation. The dramatic increase in fuel prices has a trickle-down impact on inflation and is also contributing to the problem. Both of these things are correctable if we had an administration that wanted to correct them.

Using Spin Instead Of Solving The Problem

On Wednesday, The Washington Free Beacon posted an article detailing how the Biden administration plans to address the problem of rising inflation as they approach what could be a disastrous mid-term election. Mid-term elections tend to lose seats for whatever party holds the White House. If this year’s mid-term is an honest election, the prospects for the Democrat party are looking bleak.

The article reports:

President Joe Biden and the Democratic Party finally have a plan to get inflation under control and address the economic anxiety felt by millions of Americans. It’s not a plan in the conventional sense, but rather a public relations campaign to convince the American people that “despite their current misgivings, the economy is actually doing quite well.”

Inflation is soaring and gas prices are through the roof, but Americans are wrong to be concerned about the direction of the country, the president and his allies will argue this month. Politico reports that Biden has assembled a team of experts and professional communicators to make the case that, actually, the economy is good. The White House effort to “communicate on our accomplishments” kicked off on Monday with a Wall Street Journal op-ed in which Biden touted his stewardship of “the most robust recovery in modern history” and cited a bunch of macroeconomic statistics to make his case.

No one who routinely makes trips to the gas station or the grocery store is going to believe that the economy is doing well.

The article concludes:

The dubious public relations campaign is in keeping with the Democratic Party’s longstanding belief that all of their electoral problems could be solved by simply explaining to skeptical voters that they have no good reason to be skeptical. It is also indicative of a White House in disarray. Biden is reportedly furious at his subordinates for failing to come up with a winning message ahead of the 2022 midterm elections, and White House chief of staff Ron Klain is rumored to be on the chopping block. Anita Dunn, a longtime Biden aide who once provided “damage control advice” to disgraced Hollywood rapist Harvey Weinstein, could take his place after the midterms.

Considering all of the information bubbling beneath the surface about Hunter Biden’s laptop and what is on it, Anita Dunn might be a really good choice for chief of staff.

 

This Might Be Good News For Republicans

On Wednesday, The Western Journal posted an article about voter turnout in the recent primary elections.

The article reports:

McDaniel (Republican National Committee chairwoman Ronna McDaniel) told Fox News on Wednesday that she believes it bodes well for the general election in November, but she cautioned GOP supporters not to become complacent.

She pointed first to Tuesday’s elections in Pennsylvania.

“The thing that we’re taking away from last night is, first of all, Republicans outpaced Democrat turnout by 100,000 votes. That’s the first time we’ve ever beaten the Democrats in 10 years in this type of primary situation,” McDaniel said.

Republican voters cast over 1.3 million ballots to Democrats’ slightly less than 1.2 million.

That would be very good news for the Republicans in the mid-term elections assuming that the mid-terms would be an honest election.

The article concludes:

“We know that inflation is hurting average Americans. We know that gas prices are hurting people. We know that there is a baby formula shortage that this administration is not addressing,” McDaniel added.

“It seems that every time a crisis comes up, they’re ill-prepared, and that’s why we’re seeing voters look at Republicans and say, ‘Maybe we need to switch leadership in Washington and put Republicans in charge of the Senate and the House in the midterm elections,’” she said.

The GOP leader is cautious about predicting a red wave in the fall, pointing out that Republicans only need a net gain of five seats in the House to take back that chamber and just one to retake the Senate.

“I don’t want anyone to get complacent,” McDaniel said. “We all need to work hard for every single victory.”

We need a conservative takeover of Congress (whichever party those conservatives belong to) to put an end to the destructive policies of the Biden administration. It’s time to become energy independent again. It’s time to control spending, and it’s time to remove (again) the regulations that make it nearly impossible for businesses to operate easily in America.