Defining Recessions Down: Biden’s Pollyanna
Act Won’t End Well
Posted By: RockyTCB, 7/29/2022 6:38:00 AM
"For the first time in a decade, our economy is in recession. It’s not official yet – the group that dates recessions doesn’t act until after the fact – but there’s little doubt that we’re in the midst of a downturn.” That was economist Jared Bernstein back in December 2001. [snip] That year saw only two non-consecutive quarters of GDP decline. The unemployment rate never got over 5.7%. And when the year was over, GDP had climbed 1%. But it’s still listed on the recession roster. Today Bernstein, who sits on President Joe Biden’s Council of Economic Advisers, is trying to argue
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"For the first time in a decade, our economy is in recession. It’s not official yet – the group that dates recessions doesn’t act until after the fact – but there’s little doubt that we’re in the midst of a downturn.”
That was economist Jared Bernstein back in December 2001. [snip] That year saw only two non-consecutive quarters of GDP decline. The unemployment rate never got over 5.7%. And when the year was over, GDP had climbed 1%. But it’s still listed on the recession roster.
Today Bernstein, who sits on President Joe Biden’s Council of Economic Advisers, is trying to argue
Health care costs in the U.S. are too high. We all agree on that. But it’s important to define the word “high” and put costs in proper context. [snip] Health spending is always measured as a percentage of GDP to show how the U.S. spends “too much” on health care. But the following graph puts health care spending in better context: This graph, developed by blogger Random Critical Analysis, explains U.S. health care spending better than any other. It shows spending is appropriate when compared to household disposable income (HDI). Health care spending in the U.S. as a percentage of HDI is reasonable, as the shaded area shows.
‘We’re going to build a different future with one — one with clean energy, good-paying jobs.”
That was President Joe Biden talking about the climate “crisis” and how it “is literally an existential threat to our nation and to the world.”
Right about the time Biden was giving this speech, the World Economic Forum painted a picture of what Biden’s future would look like.
Suffice it to say, if you like socialism, you’ll love it. Because it involves a radical transformation of our economy that brings the end of private ownership of things like cars, phones, laptops, and other electronic devices.
The news these days for President Joe Biden and his errant son Hunter is almost all bad. As the Justice Department investigates Hunter Biden for tax and weapons charges, it’s become increasingly obvious over the years that Joe Biden has far more to answer for than Hunter does. The headlines haven’t been kind to the Biden White House of late: “Hunter Biden payments to Eastern European escort ring were flagged by bank: Report,” “Hunter Biden laptop shows dozens of meetings with dad, business partners,” “Overwhelming Evidence: Joe Biden Lied, Had Dozens of Meetings with Hunter Biden’s Business Partner,” CORRECTION*
Much has been written and said by some writers, politicians, and journalists about “fake news,” that is, news reports that have been deliberately distorted or are outright lies done for the sake of a particular ideology.
Ever since Donald Trump announced his candidacy, I have collected hundreds and hundreds of instances of fake news in print, television, and the internet. But almost nothing has been said or written about “news blackout,” that is, the deliberate, coordinated effort to exclude certain news events, or opinions, that contradict the journalist hivemind ideology. Though specific instances have been occasionally pointed out,
Joe Biden’s presidency has foundered as gasoline prices have soared, with readings in numerous polls showing record or near-record low favorability. Biden’s climate change policies, which many blame for the sudden surge in fuel costs, are now highly unpopular among average Americans, a new I&I/TIPP Poll shows.
For our online July I&I/TIPP Poll, taken from July 6-9, we asked 1,643 adults across America to consider the following statement: “President Biden has said that record-high gasoline and electricity prices are necessary for meeting his goal of eliminating fossil fuels in the U.S. to fight climate change.”
President Joe Biden thinks it’s important to decouple America from its reliance on fossil fuels. Most of America disagrees, yet he keeps pushing for the adoption of renewables to replace the energy that comes from traditional sources like petroleum and natural gas. That’s why we’ve seen the price we pay at the pump spike so high. Not that the green energy crowd is much bothered by that. To them, the decline in the consumption of fossil fuels reduces the production of greenhouse gasses, which is music to their ears. Yet while they call the tune, we pay the piper.
Remember back when the left kept yapping about how President Donald Trump secretly wanted to be a dictator, based on nothing but fearmongering?
Now, these same people are urging President Joe Biden to ignore Congress and the Supreme Court and enact sweeping powers over the country. In other words, to be a dictator.
Their reason? The weather.
Seriously.
Democrats are using the latest heat wave to push Biden to declare a climate “emergency” so he can bypass the legislative branch. Biden is reportedly considering doing just that.
If trends continue, Los Angeles County will issue an indoor mask mandate by the end of the month. Officials are of course saying they’re just following the guidelines. But they have no regard for freedom and refuse to acknowledge the data that show mask mandates are useless.
It’s as if they get a perverted thrill out of holding in their hands the raw power to dictate the terms of other people’s lives.
Los Angeles County reached the Centers for Disease Control and Prevention’s high community level last week. Which is “determined by looking at hospital beds being used, hospital admissions, and the total number of new COVID-19 cases in an area.”
When he signed the “American Rescue Plan” into law in March 2021, President Joe Biden bragged about how it would put “$1,400 checks into the pockets of millions of Americans; help to keep folks in their homes; help to put food on the table.” A family of four was in line to get $5,600, he said.
What he didn’t tell the public was that the rampant inflation his “rescue” plan would unleash would cost Americans more than the $1,400 Biden was handing out. Much more.
Biden’s $2 trillion “rescue” came after the Trump administration had already rushed through two massive
"Biden shakes hands with the air … again” is the label on a video clip of President Joe Biden after he receives \the Presidential Medal of Honor from Israeli Isaac Herzog at an event in Jerusalem.[snip] But that’s not the most embarrassing handshake flub at this event.
After carefully making his way down to his chair, Biden smiles — as though happy with his achievement — and then he and Harzog watch a pop duet sing a Hebrew rendition of “Let it Be.”
At the end of the song, they walk over to the singers,
From Rule Of Law To The Law Of The Jungle
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Unwilling to take their political and legal losses like the good citizens of a democratic republic and work within the system, Democrats are more and more demanding they get their way through harassment that includes the threat of violence. What has set this country apart since its birth is unraveling.
The U.S. Supreme Court’s Dobbs ruling, the “unflinching repudiation” of Roe v. Wade, set an already fuming political left on fire. And the flame still burns. White hot.
“The six justices who overturned Roe should never know peace again,” a Harvard law instructor, and democratic socialist, tweeted
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Rob Reiner has made many wild and unsubstantiated claims on Twitter. On Friday, he managed to top himself by declaring that Joe Biden is the best president in nearly 60 years.
The result has been widespread ridicule, with the term “Meathead” trending on Twitter late Friday. (“Meathead” refers to the dim-witted character Reiner played on the sitcom All in the Family).
Reiner, who was one of Biden’s biggest Hollywood fundraisers during the 2020 election, trumpeted his opinion while acknowledging that it goes against the prevailing popular sentiment. As Breitbart News reported, a recent Yahoo News/YouGov survey found that just one in five Americans want Biden to run for reelection in 2024.
“Get ready for war!” read a message posted by China’s People’s Liberation Army (PLA) 80th Group over the US visit to Taiwan, as reported on Friday, July 29.
China’s Army’s war message over the potential US visit to Taiwan reportedly generated over 300,000 thumbs-up in just 12 hours, creating “high morale among Chinese soldiers” according to Global Times.
The message was posted on China’s social network Weibo, with pictures of the post since circulating on Twitter:
President Joe Biden has tested positive for COVID-19, sending him back into isolation just three days after he was cleared to resume his duties. In a memo, Biden's physician, Dr. Kevin O'Connor said the president is experiencing no new symptoms and 'continues to feel quite well.' On Saturday afternoon, Bident tweeted: 'Folks, today I tested positive for COVID again. This happens with a small minority of folks. 'I've got no symptoms but I am going to isolate for the safety of everyone around me. 'I'm still at work, and will be back on the road soon.' Biden had tested negative for COVID on Tuesday following five days of isolation
There is perhaps no better example of a privileged, leftist elitist than the Duke of Sussex: aka Britain’s Prince Harry. He was born with a platinum spoon in his mouth and has lived a life so detached from reality that he can’t begin to relate to regular folks, yet he somehow feels empowered, or perhaps obligated, to lecture the rest of us after a caviar brunch and immediately prior to being whisked away with bodyguards in a limousine.
Add to the equation Harry’s apparently unavoidable penchant for condescension and pompousness, along with his complete betrayal of his family, and the prince
They Can't Let Him Back In
22 replies
The people who really run the United States of America have made it clear that they can’t, and won’t, if they can help it, allow Donald Trump to be president again. In fact, they made this clear in 2020, in a series of public statements. Simply for quoting their words in an essay for The American Mind, I was mercilessly mocked and attacked. But they were quite clear. Trump won’t be president at noon, Jan. 20, 2021, even if we have to use the military to drag him out of there.
“Anti-Trump hysteria is in the final analysis not about Trump.”
If the regime felt that strongly back then,
I have no idea where the video came from, but I think it’s worth noting because it seems to show that the Democrat party has so successfully racialized America in the last 15 years or so that we are beginning to live out Charles Manson’s “Helter Skelter” madness. Manson’s dream was to destroy society, so it’s up to us to recognize what’s going on and fight back against this almost apocalyptic racial division.
The video is a simple one: Someone inside a busy urban venue (it seems like a coffee shop) is filming a brutal beatdown on the street outside. Two young Black men are attacking an older White man.
A group of Leftists activists are calling on Justice Clarence Thomas to resign or be impeached from the Supreme Court. [Tweet]
MoveOn along with Demand Justice, both Leftist activist organizations, started a petition and called on Thomas to either resign or be impeached because after the Supreme Court overturned Roe v. Wade they fear that SCOTUS will next overturn “gay rights and contraception rights,” according to MoveOn.
MoveOn also stated on its site that “Thomas voted against a Supreme Court decision to compel the release of Donald Trump’s records regarding the January 6 insurrection and attempt to overturn the results of the 2020 presidential election,”
Hershey warns of Halloween candy shortage
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Hershey Co (HSY.N)said on Thursday it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers.
Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil and other food ingredients, pinching production lines of packaged food companies around the world.
Hershey Chief Executive Officer Michele Buck said those issues, along with the company's focus on meeting demand during non-holiday periods, would lead to a likely shortage during Halloween, but added that sales will still top last year.
With mail-in ballots becoming a feature of all future elections, the United States government, specifically the United States Postal Service (USPS) is now creating a permanent division inside USPS to control the delivery and return of the election ballots. Do you know the political affiliation of your mail courier? As often said, it’s not the vote that matters, it’s the counting….or in this instance, the collection of the votes that really matters.(Snip)Keep in mind the union representing 300,000 U.S. postal workers previously endorsed Democrat Joe Biden for president. The National Association of Letter Carriers, is a fully compromised left-wing division of the USPS.
The U.S. government has reached a new deal with Moderna for 65 million additional COVID-19 vaccine doses, the Biden administration announced on July 29.
The deal is valued at $1.7 billion.
Moderna will sell doses of its vaccine that target Omicron subvariants, according to the agencies that announced the agreement. The actual contract has not yet been made public.
Moderna and other vaccine makers have been updating their COVID-19 vaccine formulations because the vaccines are based on the Wuhan strain, which has not been prevalent since 2020. The vaccines have proven increasingly worse at protecting recipients as newer variants emerge.
MSNBC contributor Donny Deutsch said Friday on MSNBC’s “Deadline” that to win the majorities in November, Democrats have to “scare the hell out of people” by saying Republicans are “crazy fascists.”
Anchor Nicolle Wallace said, “There’s a direct line between the ideology and the current Homeland Security issued warning of an uptick in threats of domestic violent extremism. It’s around the grievances over the election, and I think in Pennsylvania, you’ve seen some of the extremist groups marching openly in broad daylight on the streets. I don’t know that anybody, except the militia groups themselves, wants to live in that country. How do you, in your view,
The nationwide baby formula shortage has worsened with 70 percent of all brands reported out-of-stock, despite President Joe Biden's efforts to make infant milk more accessible.
Families in Rhode Island and Vermont have been hardest hit by the shortage with out-of-stock rates at 79 percent and 78 percent, respectively.
Biden and the Food and Drug Administration (FDA) have made it easier for foreign manufacturers to get shipments into the country, and appealed to companies such as Nestle and Reckitt to step up production.
French consumer goods company Danone on Wednesday said it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the U.S. from Europe,