Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/16/2022 7:21:23 AM
Post Reply
Joe Biden’s $700 billion Inflation Reduction Act passed both the Senate and House without a single vote from Republicans. It has zero redeeming value and is the most wretched bill out of Washington since Obamacare was approved in 2010. The GOP has to take it off the books.
As we pointed out in this space weeks ago, the entire bill is a lie. It has nothing whatsoever to do with inflation and, in fact, won’t reduce it at all. The University of Pennsylvania’s Penn Wharton Budget Model says the IRA’s “impact on inflation is statistically indistinguishable from zero.” Bill Adams, chief economist for Comerica Bank, says it won’t
Issues & Insights,
by
James D. Agresti
Original Article
Posted by
RockyTCB
—
8/15/2022 8:54:11 AM
Post Reply
In a major reversal, U.S. Senator Joe Manchin, D-W.V., struck a deal with Senator Chuck Schumer, D-N.Y., to enact a major climate, entitlement, and tax bill. This legislation has been praised by President Biden, Al Gore, and other proponents of highly progressive policies.
Dubbed the “Inflation Reduction Act of 2022,” Senate Democrats voted to pass this bill only 11 days after releasing its 725 pages of text. House Democrats followed suit five days later. Democrats pushed this bill so rapidly through Congress that the Congressional Budget Office estimates it won’t be able to “provide a complete cost estimate for the legislation” until more than a week after Congress passed it.
Issues & Insights,
by
Terry Jones
Original Article
Posted by
RockyTCB
—
8/15/2022 6:26:20 AM
Post Reply
While the big media and some economists might disagree, a majority of Americans believe that the U.S. economy is now in a recession, the latest I&I/TIPP data show. And voters, when asked what caused it, are clear in their response: Government.
Recently, a number of government economists, including Fed chief Jerome Powell and Treasury Secretary Janet Yellen, along with non-economist President Joe Biden, have suggested that, despite two quarterly declines in U.S. GDP, the country is not in a recession.
“What is a recession? While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/12/2022 5:22:48 AM
Post Reply
No, that headline’s not a joke. The Federal Bureau of Investigation, once so popular it had its own TV show solely dedicated to its heroics, has become a hyper-politicized, jackbooted bully that no longer serves the American people or the U.S. Constitution, which its employees are sworn to protect. It has become, instead, the intelligence arm and domestic enforcer of the far left.
Did we say defund? Yes. But we don’t mean simply to cut its funding, as leftists have disastrously proposed for police forces across the country. We mean tear down the entire rotting edifice of the FBI and replacing it with a new agency that respects the Constitution
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/11/2022 6:37:58 AM
Post Reply
Sri Lanka is the case study. Cruel and pointless green agricultural policy has caused a crisis of hunger, shortages, rising prices, a crippled economy, and violence. The country’s president and its prime minister were chased from the country, and have been replaced. It should be a lesson to the rest of the world. Instead, it’s more likely a preview of the future.
What happened in Sri Lanka – “the systematic destruction of Sri Lankan agriculture by a regime so focused on appearing environmentally conscious that it blinded itself to the humanitarian disaster it was creating” – is also
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/10/2022 6:22:47 AM
Post Reply
Try, if you can, to imagine the reaction if the Justice Department had, in President Donald Trump’s second year in office, orchestrated a raid of Hillary Clinton’s Chappaqua, N.Y., home, rummaging through rooms and cracking the Clintons’ safe looking for government documents she hadn’t turned over when she left the State Department.
You can bet, at the very least, that newspapers wouldn’t be carrying run-of-the-mill headlines such as “F.B.I. Searches Trump’s Mar-a-Lago Residence” or “FBI executes search warrant at Trump’s Mar-a-Lago in document investigation.” The Washington Post thought the important story to tell was
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/9/2022 6:59:10 AM
Post Reply
The Democrats’ “Inflation Reduction Act,” approved Sunday by the Senate, is primarily known as a climate and health care bill. It also includes $80 billion for the IRS, more than six times its current annual budget, increasing the agency’s enforcement funding by 69% through fiscal 2031, and adding as many as 87,000 new employees to its overall workforce.
This is not what the country needs
Our friends at the Committee to Unleash Prosperity pointed out last week that the Democrats are prioritizing IRS enforcement and bureaucracy over securing the leaky border and addressing the shortage of military recruits.
Issues & Insights,
by
Terry Jones
Original Article
Posted by
RockyTCB
—
8/8/2022 5:47:46 AM
Post Reply
Even before he became president, the now-79-year-old Joe Biden faced serious and persistent questions about his mental health. Among average Americans, those questions have become a major issue, the latest I&I/TIPP Poll shows.
The I&I/TIPP Poll, conducted online from Aug. 2-4 among 1,335 adults nationwide, shows that a 59% majority now say they are “very concerned” (36%) or “somewhat concerned” about Biden’s mental health.
That compares with just 39% saying they are “not very concerned” (18%) or “not at all concerned” (21%). Only 2% of respondents said they were “not sure.” The poll has a margin of error of +/-2.8 percentage points.
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/5/2022 7:46:57 AM
Post Reply
As recently as two weeks ago, the big story of the day was the coming surge of a new, highly infectious COVID variant, called BA.5. The Biden administration warned about it. Los Angeles county considered renewing its indoor mask mandate. The head of the World Health Organization said that “new waves of the virus demonstrate again that the Covid-19 [pandemic] is nowhere near over.” [snip]
Well, the data from the Centers for Disease Control show that the number of new infections has remained pretty flat since late May and is now trending downward. In, fact, the rate of new infections appears to have topped out right when
Issues & Insights,
by
The Editors
Original Article
Posted by
RockyTCB
—
8/4/2022 7:12:49 AM
Post Reply
In the state-level struggle for the future of America, there can be little doubt: The Red State model of free markets, low taxes, and minimal regulation is beating the daylights out of the Blue State model of top-down control, high taxes, and pervasive nanny-state regulation. But will it last?
The Wall Street Journal, deploying data from the center-left Brookings Institution, last month reported that Blue states, those governed by Democrats, were still 1.3 million jobs short of where they were before the COVID-19 pandemic. Red states, those led by Republicans, had managed to add 350,000 jobs.
A big reason
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/3/2022 6:04:13 AM
Post Reply
Just last week, congressional Democrats were urging President Joe Biden to declare a climate emergency because some Americans were enduring a patch of hot weather. Though more than a bit meshuga, they couldn’t match the fever of Bill Weir. The CNN chief climate correspondent said, also last week, that “the fate of life on earth is at stake” because Washington isn’t doing more to cool the planet.
Yet again, pieces of a puzzle a pre-schooler could put together in a couple of minutes are missing.
One of those lost pieces is the surface temperature record that the climate alarmists tell us is evidence
Issues & Insights,
by
The Editorial Board
Original Article
Posted by
RockyTCB
—
8/2/2022 5:29:56 AM
Post Reply
After Richard Nixon’s landslide victory over leftist George McGovern in 1972, New York Times movie critic Pauline Kael supposedly said: “How could Nixon have won? Nobody I know voted for him.”
This weekend, current New York Times columnist Paul Krugman outdid Kael in the utterly-clueless-liberal-bubble department.
On CNN Sunday, Krugman said that the big problem with the economy today is that media are unfairly writing negative stories about it. “I think that what’s happening now is that there’s been a kind of a negativity bias in coverage,” he said.
Then Krugman went full Kael,