Bidenomics: Recession, Return To ’70s-Style
Stagflation, Or Both?
Posted By: RockyTCB, 4/28/2023 6:14:30 AM
Americans expecting a better economy to emerge three years after the COVID shutdowns will no doubt be disappointed by the first quarter’s GDP gain of just 1.1% with higher inflation. And it’s even worse than it looks. Of course, President Joe Biden denied the worsening news, saying, “Today, we learned that the American economy remains strong, as it transitions to steady and stable growth.” “Strong”? Really? No one believes that. As recently as late March, economists were looking for a first-quarter GDP growth number exceeding 3%. Instead, they got 1.1%, down from 2.6% in the fourth quarter and 3.2% in last year’s third quarter. See the trend?
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Reparations Derangement Syndrome
15 replies
A panel in California, where rotten public policy ideas metastasize like a fungus growing in dark, slimy conditions, has approved paying reparations to descendants of slaves. It is impossible to overstate just how insane this is.
The reparations task force, appointed by Boy Gov. Gavin Newsom, voted Saturday to recommend the state pay out as much as $800 billion to the descendants of enslaved or free black people who were in the U.S. by the end of the 19th century. That’s 2.5 times the size of California’s annual budget. Recipients could rake in as much as $1.2 million each.
Or more. Much more. Because San Francisco’s reparations advisory committee has recommended
In the span of a few weeks, the Biden administration has proposed regulations that would effectively ban gas stoves, force a massive shift to electric cars, sharply raise the cost of dishwashers, increase loan costs for frugal borrowers, regulate puddles as “navigable waters,” and limit hunting and fishing across the country. It will soon release a proposed rule targeting power plants with hugely expensive carbon capture mandates.
This is just the tip of the spear.
As the Competitive Enterprise Institute’s Clyde Wayne Crews put it recently, “President Biden is leading an unprecedented expansion of the administrative state.
Today, you’re not allowed to say a bad word about electric cars. They’re planet savers, after all. Environmentalists tell us so. But there will come a day — in the not-too-distant future — when the climate change fanatics will decide that EVs are planet killers, too.
We’ve seen this bait-and-switch tactic before.
Back in 2007, energy producers pumped money into environmental groups to promote natural gas. The Sierra Club used the funds to mount a “Beyond Coal” campaign touting the benefits of gas. Joe Romm, a climate advocate at the Center for American Progress, declared
The Wages Of Woke Are Death
9 replies
Going woke means more than, as the saying says, going broke. It also means the ultimate loss of life. The grip of wokeness on our society will eventually kill Americans.
Let’s begin with health care. Medical school students, whose learning should be focused on the healing arts, are being taught social justice ideology. Apparently, white supremacy, oppression, and structural racism must be addressed by America’s doctors-to-be, as well as the sin of being white.
Diversity, equity, and inclusion studies are being required at some schools,
American businesses and higher-educational institutions have been swept up in the “Diversity, Equity, Inclusion” trend, which bases hiring, pay and promotion decisions on such things as political beliefs, gender, race and sexual orientation. Do most Americans support this trend? The answer is a resounding “no,” the latest I&I/TIPP Poll shows.
Looking at the recent historic shifts among American commercial and educational institutions when it comes to their employment, promotion and pay practices, the latest I&I/TIPP Poll asked Americans “which of the following factors are important
“The U.S. lost track of 1,475 immigrant children last year. Here’s why people are outraged now.”
That was a Washington Post headline from May 2018, one of many such pronouncements in nearly every mainstream news outlet – all decrying these missing children as evidence of the “cruelty” and “inhumanity” of President Donald Trump’s border security policies.
“It’s just wrong. It’s wrong,” Joe Biden said at one point. “Cruelty is the point. It’s their only point.”
But under President Biden’s allegedly more humane border security policies, the federal government has lost track of 85,000 children who crossed the border unaccompanied by their
Until recently, if you were reading this, you might assume that it was written by a human. Following the announcement that ChatGPT4 will soon be incorporated into upcoming versions of Microsoft 365, that certainty has evaporated. It’s an age of innocence that we might come to miss.
Taking artificial intelligence from a fantasy future to everyday use has the potential to benefit humanity exponentially. It could reduce costs, counter financial fraud and help businesses make better and more productive decisions. Some speculate that it could double the rate of global economic growth by 2035.
When used well, that is.
Americans expecting a better economy to emerge three years after the COVID shutdowns will no doubt be disappointed by the first quarter’s GDP gain of just 1.1% with higher inflation. And it’s even worse than it looks.
Of course, President Joe Biden denied the worsening news, saying, “Today, we learned that the American economy remains strong, as it transitions to steady and stable growth.”
“Strong”? Really? No one believes that. As recently as late March, economists were looking for a first-quarter GDP growth number exceeding 3%. Instead, they got 1.1%, down from 2.6% in the fourth quarter and 3.2% in last year’s third quarter.
See the trend?
Joe Biden Is Why We Can’t Have Nice Things
11 replies
In one of the most memorable presidential debate moments, Ronald Reagan asked voters if they were better off in 1980 than they were when Jimmy Carter was elected in 1976. The obvious answer was, for most, a resounding “no.” Whoever runs against the Democratic nominee next year needs to bring back that question, because it’s a certainty that in the fall of 2024, we’ll still be worse off than we were in pre-pandemic 2020.
And for that, we can thank, or rather blame, Joe Biden.
In a poll taken earlier this year, 41% of Americans said they were financially worse off
Now that Joe Biden has announced his plans to run for reelection, the question that must be weighing on the minds of Democratic Party officials is “Can he possibly win without COVID?”
They must know that without the pandemic, Biden had no chance of defeating Donald Trump in 2020. When he announced his candidacy exactly four years ago, the economy was booming and optimism was rising. Trump’s approval rating was edging upward. The only reason he had for running, he said, was because Trump
It’s been said we live in one of the most divisive and bitterly antagonistic political eras in our nation’s history. That’s certainly true for some of the public debates over tough issues we face today. But data from the latest I&I/TIPP Poll show there’s one policy issue about which both major parties have near total agreement: school choice.
Fed up with substandard public schools and feeling trapped, Democrat and Republican voters heartily support greater school choice by more than 2-to-1, according to April’s online I&I/TIPP Poll. The survey, taken March 29-31 from a national sample of 1,365 adults, has a margin
Saturday will mark the 53rd anniversary of Earth Day, one full spin of the globe in which we are expected to celebrate the modern environmental movement. Yet that great cause, if we may paraphrase Eric Hoffer, became a business, then degenerated into a racket that not only became a haven for grifters but also a platform for scolds and eco-religion zealots. We strongly suggest that rather than spend a day exalting the inanimate Gaia, the West should mark it with recognition of how far human progress has brought us.
Closely related to Earth Day is Earth Hour,
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There was a lot of discourse around President Joe Biden turning down King Charles III’s invitation to the coronation. Even though a U.S. president has never attended a coronation, some critics felt like this was a snub against the royal family. First Lady Dr. Jill Biden and her granddaughter, Finnegan, went instead, but now, Twitter is calling foul on their less-than-ideal seating placement.
Users of the social media platform are frustrated that coronation organizers wanted world leaders there, but when they got the first lady instead, they feel like King Charles didn’t treat her with the respect she deserves. And boy, did they have some thoughts.
Two weeks ago, President Joe Biden announced that he is running for reelection in 2024, promising to “finish the job”. What exactly does he want to finish, other than American exceptionalism as we know it?
America is rapidly imploding on many fronts – financial and economic, cultural, safety, and our place in the world. Does finishing the job mean erasing every achievement of former President Donald Trump? Or is he completing former President Barack Obama’s 2008 campaign promise, "We are five days away from fundamentally transforming the United States of America"?
U.S. Air Force abandoned an experiment aimed at boosting pilot training graduation rates for women and minority pilots after the 2021 initiative failed to achieve the intended results and officers privately warned it could violate anti-discrimination policies, according to documents obtained by the Daily Caller News Foundation.
As part of the larger military-wide effort to promote diversity in the service’s pilot ranks, the 19th Air Force command near San Antonio, Texas, “clustered” racial minorities and female trainees into one class, dubbed “America’s Class,” to find out if doing so would improve the pilots’ graduation rates.
Amid the fanfare of King Charles' coronation over the weekend, it was easy to miss President Biden's climate czar John Kerry — who flew to the U.K. without regard for the emissions his travel necessitated — sitting in attendance at the official ceremony.
There were some, however, who did pick Kerry out in the crowd and noted something interesting about his appearance. Dressed in a suit, the former Secretary of State was weighed down with service medals from the United States military...the medals he previously was publicly proud to discard as a show of his allegedly strongly held convictions.
Retired Navy commander defends branch’s
Drag Queen recruitment ads from ‘destructive’
GOP criticism 32 replies
Drag Queen recruitment ads from ‘destructive’
GOP criticism 32 replies
Retired U.S. Navy Commander Julianna Vida slammed one Republican Party lawmaker’s criticism of the Navy officially using a drag queen to boost recruitment for the military branch.
In a statement provided to Fox News Digital this week, Vida said that Sen. Tommy Tuberville’s assessment that the Navy has become "preoccupied with identity politics" is "destructive" and "undermines" the Navy’s methods of recruiting new members.
Vida, who was in the Navy for over 30 years and currently servers on the Naval Academy Alumni Association Board of Trustees, defended the Navy’s use of drag queen recruiting ads as a "critical" method of welcoming "traditionally excluded segments of our population."
The least honorable president in American history had a softball interview with MSNBC’s Stephanie Ruhle on Friday, in which he uttered one of the most outlandish lies of his entire life, which has been filled with his outlandish lies: “I think I’ve proven myself to be honorable, as well as effective.” As Matt Margolis noted Sunday, this was in the course of a paean of boasting from Old Joe Biden that included praise of his own wisdom and experience. But now Joe Biden would have us believe that he is honorable, too? Come on, man! This guy lies every time his lips move.
The part about Old Joe being effective, however,
Massachusetts Institute of Technology’s student government president has been removed from his position and faces a recall election due to his role in perpetrating two campus hate-crime hoaxes hanging posters and chalking slurs against LGBTQ people, Latinos and other “marginalized communities.”
Undergraduate Association President David Spicer helped hang the offensive posters and chalk the quad once in February and then again in mid-April during Campus Preview Weekend, infuriating his peers — even progressive ones who once championed him as a leader in campus diversity and inclusion.
America's Commander-in-Chief just laid another egg.
President Joe Biden wants all Pentagon vehicles to be electric by 2030 – in just six years and seven months. America’s fearless leader previewed this policy on Earth Day 2022.
“We’re going to start the process where every vehicle in the United States military, every vehicle, is going to be climate-friendly — every vehicle,” Biden said in Seattle that April 22. “I mean it.” (snip) Those who have worn America’s uniform find this jaw-droppingly stupid.
“Anyone who has even a little experience in military logistics recognizes Joe Biden’s E.V. mandate as a political farce,” House Armed Services Committee member Jim Banks (R-Indiana) told me.
In the span of a few weeks, the Biden administration has proposed regulations that would effectively ban gas stoves, force a massive shift to electric cars, sharply raise the cost of dishwashers, increase loan costs for frugal borrowers, regulate puddles as “navigable waters,” and limit hunting and fishing across the country. It will soon release a proposed rule targeting power plants with hugely expensive carbon capture mandates.
This is just the tip of the spear.
As the Competitive Enterprise Institute’s Clyde Wayne Crews put it recently, “President Biden is leading an unprecedented expansion of the administrative state.
Senate Minority Leader Mitch McConnell said that he was not confident Republicans could take back the Senate majority next year - but outlined the GOP's strategy in an interview Monday.
Talking by phone to CNN, McConnell said Republicans' top targets are Pennsylvania, Ohio, Montana and West Virginia.
Overall, the map is favorable for Republicans, with Democrats needing to defend 23 seats, while Republicans will only be up for reelection in 11.
Here’s another example of leftists being authoritarian under the guise of trying to protect marginalized groups. California has rolled out a program ostensibly designed to stop hate crimes and other acts of bigotry.
How?
By creating a hotline allowing residents to snitch on one another for engaging in “hateful” activity.
The program, which is called “California vs Hate,” is “a non-emergency hate incident and hate crime reporting system to support individuals and communities targeted for hate,” according to its website. The state legislature provided funding to its Civil Rights Department to establish the initiative.
The Biden administration’s Department of Energy (DOE) has announced new rules cracking down on dishwashers, claiming that they will save Americans over $650 million in annual energy and water bills. However, many are skeptical of the DOE’s claims, arguing that these new rules are just another example of government overreach and unnecessary regulation.
The proposed standards for electric motors, dishwashers, and beverage vending machines are being touted as a way to reduce carbon pollution and conserve energy and water. However, critics argue that these rules will actually do more harm than good, by imposing unnecessary costs