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Biden is going to get our economic hats handed to us. Economists were expecting 3.6%, and got 4.2%, highest since 2008. But more to the point, and buried in this article is that last month’s inflation increase was 0.8%, or a 9.6% annualized rate. The monthly gain in core inflation was THE HIGHEST SINCE 1981, the bad old Jimmy Carter years (yes, I know it was Reagan, but his early days reeled from Carter’s idiocies). Make no mistake, we’re about to get crushed. And it didn’t have to happen.
https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html
Federal taxes and spending hit a record:
Agreed with your point. But customers don’t vote for CEO. In politics, it’s just a popularity contest. Steve Jobs might have been elected CEO. But Chainsaw Al wouldn’t have been.
Meanwhile, China is buying Africa:
And employers refute Democrat claims on jobs:
U. S. added just 266,000 nonfarm jobs:
https://www.axios.com/april-jobs-report-economy-f56e27dc-7048-43b2-a0ee-5845bb01a7f8.html
[quote quote=4711]Empirical evidence is hard to come by. Jobs? Unless I’m mistaken, 80 million people voted for an increase in the cost of living. We’re just getting started. And now rents are soaring if you can find one. 40% of renters are now delinquent. It’s starting to get away from them.[/quote]
Not starting. Been getting away for a while. 6% of all homes (2.7 million mortgages) were delinquent in February. And of course, a rise is coming:
As of January, 1/4th of all American renters were behind:
We declined both the first and second round of the PPP. Instead, we canned about 23% of our overall staff, took 15% haircuts, and zeroed out all discretionary and semi-discretionary budgets starting last April. Our partners made a sxxt ton of money.
This year, at April month end, we were up over 32% in gross revenue comparing April 21 to April 20, and we are up about 24% year over year in the first four months.
Crazy.
we lobby; we concentrate power; we give our political stooges a raise; we contribute hundreds of millions to targeted get out the vote efforts to protect our puppets.
Apropos of nothing, I worked with an extremely talented consultant who had been both a lobbyist and an attorney, and was using his MBA to further the interests of the Fortune 100 (all Ivy degrees).
He told me that I would be astounded at the low intellect of a large number of the members of Congress, and essentially that we deserved what we received by electing our political leaders through a popularity contest — which did not end in a meritocratic result by any stretch.
BTW Janet Yellen thinks the results of the borrow-and-spend strategy will be just ducky fine:
Yellen insists U.S. will see ‘big returns’ by passing Biden spending proposals (msn.com)
makes you wonder how Kamala kept her job, given her prosecutorial zeal?
Also, I’d idly wondered whether Strzok’s side squeeze Lisa Page ever apologized to his wife, Ms. Hodgeman. Apparently not:
Kamala Harris will be a spectacularly bad President when they finally decide to use the 25th amendment on him. She has zero chops for this line of work. How the rest of the world will take advantage of that twit.
I genuinely write this with love and respect, but this article describes my mother to an absolute T.
This is not a formal database, but it’s interesting nonetheless. It purports to track people killed in the custody of police. It’s kept in a Google sheet, and you can track by ethnicity, state, county, agency involved, gender, name, and date range.
http://www.fatalencounters.org
According to the database, there’s been about 10k caucasians killed in police custody, 6,600 african americans, about 4,000 latinos.
Data on deaths in police custody haven’t been formally required until the Death in Custody Act of 2013.
That may be so, but the Dems threw the kitchen sink at Trump so who knows what was posturing for Biden’s removal. We live in such a bizarre time. Whatever the parties say is right gets taken as right. Orwell was so spot on that I actually don’t think much of this is new. biden is definitely testing his political capital. It’s unlikely he has the votes for the tax schemes he is hoping for, and if it’s tried before the midterms he definitely won’t have the votes after. That’s especially true if somebody actually tells the “working class” that all these taxes on the rich guys fall to them, too, in terms of more expensive cost of living.
You bring up a good point. The Dems are likely to get crushed in the midterms, given all the Progressive steps that Biden has taken to mollify the extreme left. There’s going to be a lot of turnover at that time. All 435 House Seats and 34 of the 100 Senate seats will be up for grabs. And the 2020 elections were a good signpost. There were five vacancies and one Libertarian in 2020. After the election, all the vacancies and the Libertarian and 11 others became Republicans.
Biden knows that he needs to get as much done as possible between now and the first Tuesday in November, 2022…just 19 short months away. The Republicans will play defense as much as they possibly can.
I don’t think history will look favorably on Biden or Obama. And only one of them can run for cover behind his ethnicity.
True. The other will need to claim senility, which, fortunately, is a legitimate claim. He sounds like he’s had at least one stroke. Not sure why Obama picked him, candidly.
And just as an aside, while speaking of VPs, lefties used to joke that Dan Quayle was impeachment insurance for Bush. And McCain’s selection of Governor Palin was a bit of a head scratcher. But to me, the all-time bad choice is Kamala Harris.
Harris had just 129 votes in New Hampshire. Even Donald Trump had 1,217 write in votes in the Democratic primaries in NH, 10x what Harris had as a running Democrat. She was bitter, and shrill with the best maniacal laugh since Howard Dean embarrassed himself in the 2004 primaries. And she’ll be our President once Biden can no longer dress himself and his handler’s can’t understand him.
I really don’t think we have appreciated the international calm that was the trump admin. No new wars, troop drawdowns, isis from problem to footnote, Iran in its place, and NATO paying for itself. If not for the domestic disturbances and divisions fomented and embraced by the opposition, it was a pretty good time. Those were bad but largely fomented at least passively by the opposition.
Don’t forget the fact that the American Embassy in Israel moved to Jerusalem after literally decades of Democrats paying lip service to the move but failing to actually move the embassy.
On Biden’s watch, things are falling apart internationally, but I think my favorite part was the Canadian Prime Minster orally servicing Joe Biden with his lapdog compliments of America’s “seeking to repair” the American-Canadian alliance, just as Biden decides to eliminate the XL Keystone pipeline and destroy 1,000 Canadian jobs and 11,000 American jobs. Awesome.
