Biden’s inflation may be even worse
than Jimmy Carter’s
Posted By: Come And Take It, 12/24/2021 11:05:29 AM
Inflation is surging out of control due to ongoing reckless federal fiscal and monetary policy. This month, the Bureau of Labor Statistics announced that consumer prices rose by 6.8% over the past year, a near 40-year high. Last week, it reported that producer prices rose by a record 9.6%. This high inflation has resulted in falling real wages for ordinary Americans and declining living standards. A new analysis by the Penn Wharton Budget Model concludes surging inflation will cost ordinary American households $3,500 this year. Call it “the Biden pay cut.”
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Inflation is surging out of control due to ongoing reckless federal fiscal and monetary policy. This month, the Bureau of Labor Statistics announced that consumer prices rose by 6.8% over the past year, a near 40-year high. Last week, it reported that producer prices rose by a record 9.6%. This high inflation has resulted in falling real wages for ordinary Americans and declining living standards. A new analysis by the Penn Wharton Budget Model concludes surging inflation will cost ordinary American households $3,500 this year. Call it “the Biden pay cut.”
Vice President Kamala Harris is reportedly expressing discontent with the news coverage surrounding her performance as the nation's second-highest office holder, citing her race and gender.
According to a piece by The New York Times, Harris has been privately complaining to her allies that the media's coverage of her would be better if she were any of her 48 White male predecessors, and has reportedly confided in them about the difficulties she's facing with her assigned portfolio from the White House.
Dr Anthony Fauci slammed Fox News personalities and leading anti-vaxxer Robert F Kennedy Jr for making 'inflammatory' statements about him that he says have 'accelerated' death threats against him and his family.
During a wide-ranging interview with Yahoo! News on Tuesday, Fauci also took a swipe at RFK Jr, the anti-vaxxer lawyer son of the late US attorney general and senator from New York Robert Kennedy, who last month published a book filled with wild conspiracy theories targeting Fauci and Bill Gates.
Fauci added that 'inflammatory statements' made by RFK Jr and 'Fox media personalities' have 'accelerated' the threats...
White House Press Secretary said at Wednesday's press briefing that the administration had 'saved Christmas' – in a nod to an easing in supply chain issues and a possible dig at the media, which has chronicled the crisis.
She said Americans can go to stocked shelves to purchase last-minute Christmas gifts – although given the surge in coronavirus infections, many Americans find themselves lined up for antigen tests rather than big box purchases.
'Good news, we've saved Christmas,' quipped Psaki at the top of her daily briefing with the press – in a room that featured a smattering of empty seats amid the outbreak of the Omicron variant.
Daily Covid cases in South Africa have fallen again by 22 per cent compared to last week's figures, fuelling hopes that the country's Omicron wave is over.
South Africa, whose scientists detected the variant, recorded 21,099 new cases in the last 24 hours, down by nearly a quarter on the 26,976 infections confirmed last Wednesday.
A fifth fewer people were tested for the virus in the last 24 hours compared to the same period last week, but test positivity — the proportion of those tested who are infected — has been trending downwards for nine days.
The Food and Drug Administration has authorized a new pill from Pfizer that the company says cuts the risk of hospitalization and death in coronavirus patients by 89 percent.
The drug, Paxlovid, received an emergency use authorization for use in patients 12 years old and up who have tested positive for COVID-19 and are at high risk, the FDA said Wednesday.
Paxlovid will be administered alongside a widely used HIV drug. A study of 1,200 patients released last month showed that the drug eliminates nearly nine out of 10 hospitalizations for coronavirus patients.
The U.S. Justice Department on Tuesday announced it would not force federal inmates who were sent home due to the coronavirus pandemic to return to prison once the emergency is lifted.
The decision represents a major reversal for the department's Office of Legal Counsel, which previously had issued an opinion that said the Bureau of Prisons had no legal authority to keep inmates at home once the pandemic emergency had subsided.
It also marks a victory for criminal justice advocacy groups who have fiercely lobbied the department and the White House to take steps to ensure that law-abiding, low-level inmates would not be forced back into prison.
Connecticut senator regrets attending
communist awards show, believed it was
'labor event' 36 replies
communist awards show, believed it was
'labor event' 36 replies
Sen. Richard Blumenthal (D-Conn.) says he regrets his participating in an awards event hosted earlier this month by the Communist Party of America.
On Dec. 11, Blumenthal attended an awards ceremony hosted by Communist Party USA affiliate the Connecticut People's World Committee. The lawmaker gave out three certificates from the Senate to winners of the "Amistad Award," honoring labor and social justice activism.
Blumenthal used the opportunity to promote the now-seemingly dead Build Back Better Act, as well as the Democratic party's efforts to pass elections legislation.
In an interview with the Hartford Courant, the senator said he believed he was attending "strictly a labor event."
One doesn’t want to make much out of a triple-vaccinated COVID scold getting the virus. It could happen to the any of us. However, it also happens to Jim Cramer.
Cramer, who screams about “best of breed” stocks on his CNBC show, isn’t the “best of” anything — aside from dispensing bad advice. The stock-picker is infamous for his sanguine predictions about Bear Stearns in the run-up to the 2008 financial crisis, although his suggestion that the military get involved in enforcing a vaccine mandate was arguably worse.
President Biden is set to address the nation Tuesday afternoon to lay out his administration’s strategy to fight COVID-19 as the new omicron variant rages throughout the nation.
Officials touted the "hundreds of millions of high-quality masks, billions of gloves, and thousands of ventilators" available across the United States, noting that if one hospital "runs out," officials "can get those supplies to spaces that need them immediately."
The president is also set to announce expanded access to testing, with the administration setting up new federal testing sites across the nation.
Dr. Anthony Fauci and the head of the National Institute of Health (NIH) colluded on a way to discredit an alternative plan to deal with COVID from a group of experts, released emails reveal.
In an October 8 email from Collins to Fauci, the head of the NIH calls the GBD the work of 'three fringe epidemiologists' that 'seems to be getting a lot of attention.'
BREAKING: Project Veritas releases name
of CNN producer involved in new pedophilia scandal 16 replies
of CNN producer involved in new pedophilia scandal 16 replies
Project Veritas has released the name of the latest CNN producer to be embroiled in a pedophilia scandal. Rick Saleeby, the staffer in question, is a producer on "The Lead with Jake Tapper."
Project Veritas released the name after ensuring that the family involved was safe, according to a press release.
The mother of the children sent a note via Project Veritas that read:
"I wanted to reach out to sincerely thank you again. I am very grateful toward you guys and everything you’ve done for me and my children. Our world has just been completely flipped upside down, but none of that matters. We are all safe.
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What Do We Do with the FBI Now?
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Santa Claus is too white, too straight and too male for most young people in the UK today, according to a poll. The modern depiction of Father Christmas as an old white man with a big bushy beard who wears a red and white suit was made globally famous by Coca Cola’s adverts of the 1930s. A survey by YouGov has now found that 60 per cent of 18–24-year-olds in the UK think it is ‘acceptable’ for Santa to be gay. But 41 per cent across all age groups said it was not OK, including 17 per cent of lesbian, gay and bisexual respondents.
Are You Afraid Yet? Tis the Season
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Ah, tis the season of joy and happiness---NOT!
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Husband of Democrat Lawmaker Who Was Carjacked
in Illinois Exchanged Gunfire With the Attackers 33 replies
in Illinois Exchanged Gunfire With the Attackers 33 replies
The husband of Democrat Illinois State Senator Kimberly Lightford fired shots with his legal gun as she was being carjacked this week, according to reports.
The hijackers also shot at her husband, Eric McKennie, as they stole Lightford’s Mercedes-Benz SUV on Tuesday evening. "IIt was a lot of shots being fired. I think they were shooting at my husband and me and luckily enough my husband is concealed and carry and he was able to protect us,” Lightford told ABC 7.
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A really disturbing video from a Delta flight shows a furious woman chastising a fellow passenger for not wearing a mask while he was eating.
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Sen. Liz Warren, an early adopter on the fake Indian front, suddenly has a lot of company.
Get a load of this from Legal Insurrection:
The Native American population in the U.S. grew by a staggering 86.5% between 2010 and 2020, according to the latest U.S. Census – a rate demographers say is impossible to achieve without immigration.
Birth rates among Native Americans don’t explain the massive rise in numbers. And there certainly is no evidence of an influx of Native American expatriates returning to the U.S.
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Comments:
CPI methodology has been adjusted by the government eggheads over the years to hide the full value of inflation from the peasants. If CPI were calculated using the formula from 1979, its true value today would be between 11% and 15%, according to Peter Schiff (on Tucker Carlson). 7.1% is being reported today - the truth is about double that.