Let’s Go Brandon! Looks Like Stagflation
Is Already Here
Posted By: RockyTCB, 10/13/2021 7:48:55 AM
On the same day the International Monetary Fund cut its growth forecast for the U.S. economy, Atlanta Federal Reserve President Raphael Bostic warned that the “transitory” bout of inflation “won’t be brief.” How do you spell stagflation? B-i-d-e-n-o-m-i-c-s. The IMF report, released Tuesday, has the international organization lowering growth globally by a 10th of a percentage point and for the U.S. by a full percentage point. That’s just the latest sign that the economy isn’t building back better under Biden. It might not be building back at all.
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President Joe Biden’s command that private businesses require their workers to be vaccinated against COVID-19 is a shocking abuse of presidential power. Just as bad, by discouraging workers from staying on the job, it might tank the economy, which is already reeling from COVID-related shortages and soaring inflation.
On Sept. 9, Biden announced that businesses with 100 or more employees would have to require them to be vaccinated or take weekly COVID tests to prove they don’t have the Wuhan bug. This edict will affect as many as 100 million American workers.
On the same day the International Monetary Fund cut its growth forecast for the U.S. economy, Atlanta Federal Reserve President Raphael Bostic warned that the “transitory” bout of inflation “won’t be brief.” How do you spell stagflation? B-i-d-e-n-o-m-i-c-s.
The IMF report, released Tuesday, has the international organization lowering growth globally by a 10th of a percentage point and for the U.S. by a full percentage point.
That’s just the latest sign that the economy isn’t building back better under Biden. It might not be building back at all.
Since the early days of the pandemic, the public has been misled and misinformed, the goalposts pulled down and taken out of the stadium, and the data too often puzzling. Much of the country has lost confidence in politicians and public health officials. It’s important to know if those doubts are legitimate or misplaced.
One route to the truth would be a federal grand jury probe that would determine if the case and death counts have been inflated and not reflective of reality.
Would it be a witch hunt? A political sideshow? No. It would be a sober and justifiable inquiry.
For over a decade, Columbus has been painted as a mass murderer, committing all sorts of crimes in the New World, including genocide.
So far, though, he has not–at least, not yet–been accused of not providing transgender bathrooms in his ships.
Those accusations are complete fabrications, unsupported by even one shred of historical evidence. Let me repeat that because it is very important: there is no historical basis, no contemporary documents, nothing, that indicates that he engaged in all of the “crimes” that present-day activists have promulgated. None! Zip! Nada!
“I guess I should be flattered people are coming because I’m the nice guy. … The truth of the matter is: Nothing has changed.” — President Joe Biden, March 25.
The real truth of the matter is that nothing Biden has said about the crisis gripping the southern border is true, because he refuses to admit that he, and only he, is to blame for it.
At that same press conference, for example, Biden claimed that the surge of illegals crossing from Mexico at the start of 2021 “happens every single, solitary year: There is a significant increase in the number
So much for President Joe Biden’s attacks on Republican states such as Texas and Florida for threatening their citizens by not kowtowing to his dictates on mask and vaccine mandates.
As we noted weeks ago, and the mainstream press has only now begun to acknowledge, new cases of COVID peaked at the beginning of September, and have been on a downtrend ever since. Cases are falling in Texas, in Florida, and other states that dared put their residents’ freedoms above Biden’s dictates.
But while the national trend is downward, COVID cases are rising in a handful of states.
Even At Half The Price, Biden’s Plan
Is A Self-Destructive, Freedom-Destroying
Spending Spree 7 replies
Is A Self-Destructive, Freedom-Destroying
Spending Spree 7 replies
Just when you thought Democrats couldn’t get more arrogant or dishonest, President Joe Biden on Tuesday, visiting the congressional district of one of the House’s less-extreme Democrats, warned that “autocrats” in the world are scrutinizing America for signs of decline on the geopolitical stage, and we therefore must “invest in ourselves” to prove “that American democracy works.”
Translation: spend trillions with a T establishing a new series of cradle-to-grave entitlements that, like our already-existing entitlements, will in short order become politically impossible ever to repeal.
Race-obsessed liberals talk a good game when it comes to “equity.” But they could learn a thing or two about delivering it from conservatives who focus on opportunity, not outcomes. That’s one conclusion you can safely draw from a state-by-state analysis of education equity by WalletHub.
In a report released in August, WalletHub looked at 12,927 school districts throughout the U.S. and ranked them comparing average household income and per-pupil spending at public schools in those districts. The bigger the difference, the worse the state scored on equity.
It’s not hard to see a pattern
As Democrats scramble to rescue their massive spending bills amid internal divisions between moderates in the party and the far left, they are getting little support outside their own base, according to the latest I&I/TIPP poll.
Over the weekend, President Joe Biden had to contend with not getting his bi-partisan $1.1 billion infrastructure plan passed through the Democratically controlled House without having a vote on the $3.5 trillion spending plan. House Speaker Nancy Pelosi had to scuttle plans for a vote on the $1.1 trillion infrastructure plan after far-left members of her caucus said
While Washington works overtime to churn out a massive $3.5 trillion social spending package with tax increases during a pandemic with inflation running at or above 5%, Americans prefer cutting government spending to control inflation.
Americans are also unanimous that current inflation is not transitory.
These are the key findings from an I&I/TIPP poll of 1,300 Americans completed early September.
The poll asked if inflation is a long-term problem or a short-term problem that will soon disappear. The charts below show the results.
You know inflation is a problem when it gets harder to find something for $1 at Dollar Tree stores. And that’s exactly what’s happening as the discount chain announced that many of its goods would carry a price of up to $1.50.
There’s been more bad news on the inflation front this week, so, naturally, Biden is looking for someone or something else to blame – other than his own economic policies.
As soon as Biden conjured up his reckless $1.9 trillion “rescue” plan, economists left and right said that pumping that much deficit-financed spending into a fast-growing economy risked sparking an inflationary spiral,
Japan announced Tuesday that it was lifting its coronavirus state of emergency. The country joins Norway, Sweden, and Denmark in returning to normal. America, however, will continue to be largely under the boot of politicians, bureaucrats, and meddlesome public health officials. Even convicts have release dates. But we have no idea when we’ll be liberated because there are no objective standards, only political whim.
When asked Monday “how many Americans need to be vaccinated for us to go back to normal,” President Joe Biden replied:
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Three years ago, the only people who’d ever heard of Pete Buttigieg were likely to be residents of South Bend, Ind., the town of 103,000 people where he served as mayor.
South Bend is home to Notre Dame University. It has a bus station with a fleet of 60 buses, a small train station and a small regional airport. So, who better for Team Biden to nominate as secretary of the Department of Transportation, which employs more than 58,000 employees – more than half the population of South Bend – and has a budget of $87 billion?
President Joe Biden touted new commitments from businesses and ports Wednesday as his administration rushes to ease supply chain backlogs in time to ease the burden on Christmas shoppers and avoid being cast as a Scrooge. 'With the holidays coming up, you might be wondering if gifts you plan to buy will arrive on time?' Biden said, acknowledging the crush of commercial and online orders at risk of disruption as the holiday season approaches.'I know you’re hearing a lot about something called supply chains and how hard it is to get a range of things from a toaster to sneakers to bicycles to bedroom furniture.'
Vice President Kamala Harris disparaged European explorers who discovered the Americas during a speech she gave on Tuesday at the National Congress of American Indians 78th Annual Convention, claiming they were guilty of horrific crimes against Native Americans.“Since 1934, every October, the United States has recognized the voyage of the European explorers who first landed on the shores of the Americas,” proclaimed Harris in Portland, Oregon. “But that is not the whole story. That has never been the whole story.”
“Those explorers ushered in a wave of devastation for tribal nations — perpetrating violence, stealing land, and spreading disease,” she stated,
"Research obtained by a group of scientists shows the COVID vaccine spike protein can travel from the injection site and accumulate in organs and tissues including the spleen, bone marrow, the liver, adrenal glands and in 'quite high concentrations' in the ovaries."
This is what Dr. Robert Malone, inventor of the mRNA technology warned about. The spike proteins are not staying at the injection site and they are dangerous. Protein in the blood can be very dangerous.
A Canadian cancer vaccine researcher said last week, “We made a big mistake. We didn’t realize it until now,” said Byram Bridle, a viral immunologist and associate professor at University of Guelph, Ontario.
A Seattle elementary school has canceled its upcoming Halloween parade and will be banning students from dressing in costumes on October 31, claiming that the annual event ‘marginalizes’ students of color who administrators claim do not celebrate the holiday.Officials at the Benjamin Franklin Day Elementary School have discussed axing the annual Pumpkin Parade for five years, but first notified parents about the unilateral decision to cancel it in an October 8 newsletter, according to The Jason Rantz Show on local news station KTTH Radio.
Southwest CEO Gary Kelly had a major announcement on Tuesday about the vaccine mandate the airline recently issued: His company won’t be enforcing it.
During an interview with ABC News on Tuesday, the CEO said that no employees would be fired over the company’s vaccine mandate. Earlier, the airline announced that all employees needed to get vaccinated against COVID-19 by November 24 or face termination.
“We are not going to fire any employees over this,” Kelly said. [Video]
The Southwest CEO told ABC’s George Stephanopoulos there was “no evidence” any type of demonstration had caused the major service disruptions over the weekend. Nearly 2,000 Southwest flights were cancelled,
The Treasury Secretary has defended plans to monitor bank transactions of more than $600, insisting that the scheme was designed to end 'tax fraud' by billionaires, and would not mean Americans' accounts were recorded.The new proposal requires financial institutions to annually report the total amount that went in and out of the bank as well as loan and investment accounts if within that year the accounts hold a value of at least $600 or if the total transactions are $600 or more in a year. More simply, this means that if total funds flowing in and out of a credit or debit account
The White House on Tuesday warned Republican governors of Texas and Florida that President Joe Biden would override their efforts to fight coronavirus vaccine mandates in their states.
“We know that federal law overrides state law,” she said referring to state attempts to ban vaccine passports.
She accused Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott of playing politics by issuing executive orders that fight vaccine passports.
“Why would you be taking steps that prevent the saving of lives that make it more difficult to save lives across the country or in any state?” she asked.
Psaki argued that the governors were “putting politics ahead of public health.”
White House Press Secretary Jen Psaki on Wednesday was asked about inflation.Inflation was up 5.4% year over year in September – the highest rate in 13 years!Prices rose 0.4% in Sept, up from 0.3% in August.Gas is up 42% since last year — the poor and middle class hurt the most.The US government is expecting households to see their heating bills jump as much as 54% as experts forecast this winter to be colder than last winter.Gas, food, and goods continue to be key drivers of inflation.
Millions of retirees will see a significant boost to their Social Security checks as the Biden administration gave its cost of living adjustment (COLA) the most significant boost in nearly 40 years. Social Security checks will raise 5.9%, about $92 for the average retired worker, in a shocking display of inflation. For the last 10 years, an inflation lull has led to checks that rise only 1.65% per year on average.The Social Security Administration has not raised benefits so drastically year-over-year since 1982. A typical retired worker will now receive $1,657 a month starting next year while a typical couple's benefits will rise $157 to $2,753 per month.
Food companies are coming under renewed pressure to use less salt after U.S. regulators spelled out long-awaited guidelines aimed at reducing sodium levels in dozens of foods including condiments, cereals, french fries and potato chips. The voluntary goals finalized Wednesday for 163 foods are intended to help lower the amount of salt people eat. A majority of the sodium in U.S. diets comes from packaged or restaurant foods — not the salt added to meals at home — making it hard for people to make changes on their own. To get people used to eating less salt, the Food and Drug Administration said reductions have to be gradual and CORRECTIONS*
The White House admitted Wednesday they were unable to guarantee packages would arrive on time this Christmas. “We are not the postal service, or UPS, or FedEx,” White House press secretary Jen Psaki said. “We cannot guarantee. What we can do is use every lever at the federal government’s disposal to reduce delays.” Psaki repeatedly posited that the government would work to solve supply chain issues, especially at American ports where ships are forced to wait in offshore traffic before they can get unloaded.