Top Economists Including Barack Obama’s
Treasury Secretary Discover the Real Inflation
Number Under Biden Reached 18% and Is
Still Hovering at a 40-Year High
Posted By: ladydawgfan, 4/12/2024 9:48:30 PM
A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former Harvard President, discovered that the real inflation rate during the Biden years, using pre-1983 calculations reached 18% in 2022. The number is the highest inflation rate the country has seen in over 50 years. This research project was published by these four authors at the nonpartisan National Bureau of Economic Research in late February and is just now making waves. Marijn A. Bolhuis is an economist in the Macro Policy division of the International Monetary Fund’s Strategy, Policy, and Review (SPR) Department.
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A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former Harvard President, discovered that the real inflation rate during the Biden years, using pre-1983 calculations reached 18% in 2022.
The number is the highest inflation rate the country has seen in over 50 years.
This research project was published by these four authors at the nonpartisan National Bureau of Economic Research in late February and is just now making waves.
Marijn A. Bolhuis is an economist in the Macro Policy division of the International Monetary Fund’s Strategy, Policy, and Review (SPR) Department.
Judge Aileen Cannon ordered the public release of the FBI’s interview of Trump’s valet driver Walt Nauta.
Walt Nauta is a former White House employee and Navy veteran who worked valet for Trump and served as a personal staffer at Mar-a-Lago.
According to the transcript of the May 2022 interview, the FBI interrogated Trump’s aide Walt Nauta – without Trump’s knowledge.
The FBI agents approached Walt Nauta and asked for a voluntary interview under the guise of national security interest (similar to the General Flynn ambush).
“On May 26, 2022, NAUTA participated in a voluntary interview with the FBI. During the interview, the FBI explained to NAUTA
A suspected illegal immigrant from Venezuela tried his luck at robbing a bank in Ohio this week, although the heist went awry after he was unable to communicate what he wanted.
Fox 8 reports that police arrested 20-year-old Yeixon Brito-Gonzalez and suspect that he is in the country illegally. Customs and Border Patrol have put a hold on him.
“We have no way to tell if he is here legally or not,” said Sandusky Police Chief Jared Oliver. “But he has no proof of identification.”
The failed heist took place on April 6th at around 11:30 a.m., when bank clerks called police to report a man entering the facility
'Blexit' – Black Men Dumping Democrat
Party to Support Trump – Is Real, and
Dems Are Terrified 5 replies
Party to Support Trump – Is Real, and
Dems Are Terrified 5 replies
Bless Joe Biden's heart. The arguably worst president in American history has intentionally screwed up this country, in less than four years, beyond what even I thought he was capable of doing. As Barack Obama reportedly and correctly said, "Never underestimate Joe's ability to f**k things up."
How badly so?
A new Wall Street Journal poll found that 30 percent of black men in seven swing states now support former President Donald Trump over Biden. Trump garnered only 12 percent of black male voters in 2020. That's a monumental shift, which hurts Biden more than it helps Trump, meaning that the traditional coalition of disparate voting groups
The U.S. Navy deleted an image of a ship commander shooting a rifle after social media users pointed out an embarrassing mistake.
“Cmdr. Cameron Yaste, the Commanding Officer of the Arleigh Burke-class guided-missile destroyer USS John S. McCain (DDG 56), fires at the 'killer tomato' during a gun shoot,” read the description on the photo posted by the Defense Visual Information Distribution Service. “The ship is in US 7th Fleet conducting routine operations. 7th Fleet is the US Navy's largest forward-deployed numbered fleet, and routinely interacts and operates with Allies and partners in preserving a free and open Indo-Pacific Region.”
A recent Gallup poll reveals that a mere 4% of Hispanic and Latino Americans use the fake term "Latinx." Interestingly, a significant portion, 15%, prefer to be identified as "Latino" or "Latina," while 23% favor the term "Hispanic." Another separate survey conducted by Bendixen & Amandi International, a Democratic firm, found that only 2% of respondents like the term, and 40% find it offensive.
That has never stopped woke liberals from using the fake term to virtue signal their gender inclusivity. Latinx may get a lot of hype from woke white liberals, but it's not mainstream. So, naturally, a brand new term has dropped: "Latine."
"Latine is the new Latinx,"
We’ve heard it said many times that the Democrats who are relying on lawfare to go after Donald Trump won’t stop with him. The conventional wisdom is that Trump is just the tip of the iceberg, and other conservatives are next in line.
This week, we’re seeing this phenomenon at play in Georgia. For context, let’s go back to July 2022. When Fulton County District Attorney Fani Willis began her wasteful investigation into Donald Trump, one of her targets was then-state Sen. Burt Jones, who was running for lieutenant governor.
At the time, I wrote, “Willis wanted to subpoena him
Dems Whine About GOP Denying Biden Ballot
Access Because They Believe Lawfare Should
Only Go One Way 5 replies
Access Because They Believe Lawfare Should
Only Go One Way 5 replies
How dare those mean Republicans seek to deny our president access to the ballot in Alabama and Ohio? It's never been done in the history of the republic.
Oh, wait. Didn't Colorado, Maine, and California Democrats look to deny Donald Trump a place on the ballot in those states? Why yes. Yes, they did.
But Trump is a Republican. And it would be unfair to deny Biden access to a state ballot because his campaign was stupid enough to schedule the party's national convention after the legal deadline for candidates to register in Ohio and Alabama.
“While this issue with convention dates has occurred many times in the past,
Time to Rethink Your Never Trumpism
12 replies
Okay, my Trump-shy friends, it’s time to put aside your fussy principles about how icky Donald Trump is. This is serious, and we need all hands on deck to throw Biden overboard before he gets a whole lot more Americans killed. I get that you don’t like Trump. Let’s agree that he’s icky for the purposes of this discussion. Let’s agree that his tweets are mean, that he’s not a conservative ideologue, that he says dumb things and gets into useless fights, and that he does many other unseemly and annoying things. Let’s agree that this is all true. Let’s concede that in normal times,
This week, the Louisiana Senate voted in support of a measure that would allow state and local police to arrest anyone suspected of being in the United States illegally. This follows in the footsteps of other states that have enacted similar measures as illegal immigrants continue to come across the border.
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According to Fox 8 Live, the state Senate voted 28-11 in support of S.B. 388. It now heads to the state House of Representatives (via Fox 8):
The measure calls for local and state police to do the job typically done by federal Immigration and Customs Enforcement officers,
Conservative criminal defense attorney and columnist Marina Medvin called it a "devastating Hostage negotiations update" because that's exactly what it is. In the ongoing negotiations between Israel and the Hamas terror organization, Hamas officials now say that "they wouldn’t commit to releasing 40 living hostages but could commit to 40 hostages total, dead or alive."
Medvin added, "Israeli military did not comment on estimates of how many hostages may remain alive."
"Instead, the militant group has been unable to confirm that it has enough civilian hostages to fulfill its end of the deal in the initial phase of the proposed plan," according to the Wall Street Journal.
"Our commitment to Israel's security against these threats from Iran and its proxies is ironclad," Presidentish Joe Biden said at a joint press conference Wednesday with Japanese Prime Minister Fumio Kishida. "Let me say it again: ironclad."
Biden mumbled those meaningless words one day after demanding that Israel give Iran's Hamas proxies a unilateral ceasefire. "What I'm calling for is for the Israelis to just call for a ceasefire, allow for the next six, eight weeks total access to all food and medicine going into the country," without even a "pretty please release a hostage or two" for Hamas.
Most Active Articles (last 48 hours)
WASHINGTON – President Joe Biden is catching up to former President Donald Trump’s polling lead, highlighting just how close the 2024 presidential election will be, according to a new poll from the New York Times and Siena College.
Trump leads Biden by just one percentage point with both men at 46% and 45% respectively. The survey is a significant boost for the incumbent president who has been lagging behind Trump in recent polling. An earlier New York Times and Siena college poll released in March saw Trump leading Biden by 5 percentage points at 48% and 43% respectively.
But Biden appears to be shoring up
The U.S. has flown in over 400,000 migrants from a host of countries since President Joe Biden took office, according to Customs and Border Protection (CBP).
Under the Biden administration’s CHNV program, some nationals hailing from Cuba, Haiti, Nicaragua and Venezuela can be eligible to come to the United States “in a safe and orderly way” and obtain humanitarian parole status, meaning they are here legally and can obtain work authorization. Over 400,000 migrants hailing from these nations have been flown into airports across the U.S. as of March, CBP said in a statement on Friday.
Biden Insisted on Vacation in Face of
Threat From Iran, Now He's Rushing Back.
Something Is Up. 23 replies
Threat From Iran, Now He's Rushing Back.
Something Is Up. 23 replies
Joe Biden left for his beach house in Delaware on Friday, despite the threat of a potential attack on Israel by Iran hanging out in the wind. Before he left, his last public comment was to warn Iran, "Don't," then saying we would stand with Israel.[Snip] Now, it sounds like something may be up, because suddenly the word is that he's coming back to D.C. "White House says President Biden is returning to the White House from Rehoboth Beach, Del. this afternoon to consult with his national security team about events in the Middle East," Fox's Lucas Tomlinson announced.
Bloomberg's Jennifer Jacobs confirmed it, and said it was to "monitor" events.
A fair wage advocacy group is demanding that California’s new $20 minimum wage law for fast food workers be extended to all sectors to help working-class people who are struggling with the state’s high cost of living. (Snip) Fast food workers winning a $20 minimum wage, she said, “was just the beginning.” Jayaraman pointed to the exorbitantly high cost of living in the Golden State where, in some counties, an individual would need a $40 an hour salary to live comfortably. “People are leaving the state or are not having children, not having families. These are all the very basics
New York City has a serious and growing problem with empty office space. Between rising crime, high taxes, and the crazy rules of the pandemic a few years ago, people have fled the city in huge numbers.
Now the city is home to a record number of empty office buildings. The lack of revenue from these properties has got to be hurting the city’s bottom line and the policies of the current mayor are not helping.
Who would want to spend millions of dollars to open a new office in Manhattan right now?
The New York Post reports:
New York police took custody of an unlicensed firearm belonging to anti-Trump activist E. Jean Carroll following a report from The National Pulse. (snip)
During the trial, Carroll informed the federal court in lower Manhattan that she kept the firearm, a “high standard revolver, nine chambers”, along with ammunition at her home, next to her bed. She also admitted to not possessing a firearm license. (snip)
Under NY state law, possession of an unregistered firearm can lead to a criminal possession charge with a maximum sentence of four years.
Watch: Unhinged Pro-Hamas Woman Finds
Out Threatening City Council Members Isn't
a Good Idea 19 replies
Out Threatening City Council Members Isn't
a Good Idea 19 replies
We've seen a lot of wild actions from the pro-Hamas crew.
But even by their standards, the actions employed by a woman at a Bakersfield, California, city council meeting were particularly unhinged. Riddhi Patel (who some media said identified as "non-binary") started off slow, saying she was there to push for a ceasefire resolution. She also spoke about some other issues. But it began to go downhill when she told the council they were "horrible people." Ordinarily, most people would know it's not a great idea to threaten people right to their faces at a city council meeting--on video and in front of
Former President Donald Trump gave House Speaker Mike Johnson a political lifeline Friday amid discontent with his leadership among conservatives in the House, saying, “I stand with the speaker, we’ve had a very good relationship."
After a week filled with political setbacks for both men, and as Trump faces the first of four potential criminal trials beginning Monday in Manhattan, two of the country's most powerful Republicans met at Mar-a-Lago to unveil voting legislation they hope will put Democrats on the defensive, even as critics say it’s based on a false premise.
Johnson is struggling to govern a fractious GOP caucus that has become increasingly disenchanted with his leadership,
About 2 1/2 years ago I wrote a post titled "California plans to kill the residential solar industry." At the time, I had just had solar panels installed on my roof to save money and within months California announced a new plan (Net Metering 3.0) that would have taxed me and anyone else who owned a rooftop solar system for owning the panels. I predicted that if this plan passed, California's rooftop solar industry would fall off a cliff.
The result of Net Metering 3.0 is likely going to be the end of the residential solar industry in California. I have a neighbor who was interested in possibly getting
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said that it’s wrong to argue that pro-life people are sexist, and pro-lifers believe abortion is “murder, and it kind of is. I’m just okay with that. I am. There [are] 8 billion people in the world, I’m sorry, we won’t miss you. That’s my position on that.”
Provost of King’s College, Cambridge and Financial Times columnist Gillian Tett said that it’s odd that abortion is such a big political issue when there are other issues. Maher responded, “Well, not if you believe it’s murder. That’s why I don’t understand the 15-week thing or the — Trump’s plan is
Hollywood star Michael Douglas said playing Benjamin Franklin when the Founding Father was 70 is giving him hope that 81-year-old President Joe Biden isn’t too old to serve another term.[Snip] “I was immediately struck. Like, 70 years old—in England or in America in 1800, the average lifespan was 39 years old. I think it gave me great faith in Joe Biden, and was a reminder that we can go on a lot longer than we thought,” the actor said. His comments come amid widespread concern on both sides of the political divide that Biden is too old to be president.
Iran launches dozens of drones toward Israel
15 replies
Ahead of Iran launching dozens of drones towards Israel, President Joe Biden on Friday made clear the US would help defend its ally.
“We are devoted to the defense of Israel,” he said from the White House. “We will support Israel. We will help defend Israel and Iran will not succeed.”
The US has forces in Iraq and Syria that could potentially intercept drones en route to Israel, depending on the location from which they’re launched. US Navy forces in the Red Sea have previously intercepted long-range missiles launched from the Houthis in Yemen towards Israel.
8 min ago
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Yes,we know. Especially those of us living paycheck to paycheck and no longer able to sock anything away for emergencies.