The Bureau of Economic Analysis (BEA) originally calculated the first quarter economy at a scale of -1.4% growth. The BEA revises that figure downward today with more data showing a contracted level of consumer spending [DATA HERE]. The economy contracted by -1.5% in the revised numbers.
Gross Domestic Product (GDP) is the dollar value of all goods and services produced in the economy, minus the dollar value of goods and services we import. The percentages discussed are percentages of change over time.
♦ What changed in this revision to make the economy worse?
(1) U.S. inflation was revised upward (prices increased); (2) the estimate of calculated inventories was lowered; (3) the estimate of consumer spending was raised (inflation issue); which leads to (4) a massive drop in the calculation of disposable incomes. [See the Change Table]
This table shows where the revisions are located:
Look at the revision to disposable incomes:
The Joe Biden’s economic policy is literally: (a) draining our savings and bank accounts, and (b) increasing our personal debt as we struggle to survive.
(Via MSM) – […] The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday.
First-quarter gross domestic product declined at a 1.5% annual pace, according to the second estimate from the Bureau of Economic Analysis. That was worse than the 1.3% Dow Jones estimate and a write-down from the initially reported 1.4%.
Downward revisions for both private inventory and residential investment offset an upward change in consumer spending. A swelling trade deficit also subtracted from the GDP total.
The pullback in GDP represented the worst quarter since the pandemic-scarred Q2 of 2020 in which the U.S. fell into a recession spurred by a government-imposed economic shutdown to battle Covid-19. (read more)
These economic conditions are mostly driven by energy policy. U.S. energy policy underlines almost all economic activity and touches every facet of our lives as a consumer. You cannot change U.S. energy policy so drastically without changing every single economic aspect which is connected to energy policy.
What’s coming next? WATCH:
.
I concur with that prediction.
Prepare your affairs accordingly.
A refinery in Louisiana went offline until June 1 at least. Further crimping supply.
I’m amazed they plan to bring it back at all.😒
Somewhere I read it lost steam power, it was not clear if its a malfunction or as some said it is down for planned maintenance.
hubby said that sounds like boiler failure, one was down and the other blew a tube. This is of course a guess, but he did work in a refinery for 35 years, one that is now closed. this is also the time of year most refineries to do maintenance
Russia cannot move much crude by ship. The Black Sea ports are too shallow for Supertankers and shuttle tankers will burn 1/3rd of their cargo trying to run from Russia to Japan, China or Korea.
So, most Russian crude is still going by pipeline to Germany and Turkey. If / when either pipeline is accidentally or purposely hit by a bomb or artillery shell crude in the Russian grid will slow and stop. Then, because the pipelines are under the permafrost, they will freeze, expand and crack the pipes all the way back to the well head.
If that happens, it could easily take half of Urals crude off the market for decades.
Omg!!! Lol!
decades ? yeah … no … shuttle tankers DON’T GO ALL THE WAY to the destination … they shuttle it to a supertanker … and Europe would freeze to death in the meantime …
and tankers don’t run on crude oil (their cargo) … and wouldn’t burn off the equivalent of 1/3 even if they ran all the way to the final destination …
sounded a little fishy to me too. propaguppy.
I would think the CCP is busy re-routing those pipelines to suit the CCP …
Naw, they will drain the pipes before winter and pipe directly to China and/or India.
Ukraine army was the best NATO had and they will be finished in 2 weeks. then it will be time to divvy up Ukraine.
Heard that a few months ago and every two weeks after.
Yeah, but Russia found out the US would keep sending money if they made it look possible..
Who says Russia needs to move any crude at all? They can keep it inhouse if needed. Only the EU scums are the ones needing their resources, which is why they started the Ukraine war with Obama and Biden leading the way. Now they are stealing our Nat Gas, etc…. and running the prices up.
india seems to be where a good bit of russian oil is going. looks like china’s east west silk road is going to have a few north south roads/train tracks as well.
as for the pipes you mention, the idea is that something makes holes in them so the oil runs out, right? and russia would then turn off the oil at the well head so as to not lose more, right? so how does the oil that’s leaked out of the pipe expand and break it?
If the government sends everybody $1,000 checks per month it should rapidly increase GDP going into the election….
inflation too.
But what about Build Back Better?
And can we still do that in the middle of a depression?
I must’ve forgot……………….Build Back Better was never about the US.
The money laundry operations in Ukraine are being built back better.
Time to Storm the Bastille.
ColoradoChloe: Make that, Reichstag, but, I catch your drift.
Build Back Better?
Never understood what exactly was so bad it had to be rebuilt.
Highest employment
Energy independence
Low inflation
What needed to be better, and how does ending U.S. energy production solve that issue?
You can ONLY build back (rebuild) once you DESTROY what was in place.
It was never about the building back, which is a dystopian lie of a failed utopia, but about destroying the current USA, it’s Constitution*, and it’s citizens which have a a demand to protect them for the people.
* (Contractual Restraints On Federal Government by the Constitution which is their founding CONTRACT/Compact that governs their very limited and specific powers of authority)
These United States is the ONLY Country which is a Constitutional Republic built on specific limited powers that govern the federal branch of government while enshrining the personal freedoms of the citizenry along with their arms of force required against corrupt tyrannical actions and government.
The USA is the ONLY country CREATED this way, specifically limiting the government, especially the federal, for the people.
“I think myself that we have more machinery of government than is necessary, too many parasites living on the labor of the industrious. Government big enough to supply everything you need is big enough to take everything you have … The course of history shows that as a government grows, liberty decreases. The two enemies of the people are criminals and government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.” – Thomas Jefferson
“Laws that forbid the carrying of arms . . . disarm only those who are neither inclined nor determined to commit crimes . . . Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man.” – Thomas Jefferson
“The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.” – Thomas Jefferson
This is what they fear. People who learn and know that the government is corrupted and beyond repair. The only course of action to correct the evil corrupt tyranny that has infected this USA government is a revival of the original intent and specific means of the Constitution.
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.” – Thomas Jefferson
A nation without marxists posing as democrats.
It’s Day 492 of Biden Coup Installation.
Nothing has been built.
Nothing is back.
Nothing is better.
We knew that would be the case.
There’s no Building Back Better, that’s just some talking point from Buraq.
They built a wall around our nations capital.
Excellent summation.
And here we are with a renewed effort to ban assault rifles…
You won’t be able to defend yourselves.
Ban those “scary black” rifles and only the outlaws will carry them.
I will take my chances outside of the “civilized” places.
What is civilized about a world of evil monsters?
hell ON earth?
And you’ll be in the dark with no working alarm system.
Alarm system????
You are relying on the police to save you??
As long as you have dog food, you have a working alarm system.
Old school, its served well for over 100,000 years.
We count Fido as a mouth to feed
Consider it an investment until there is no other source of protein.
Ancient Romans worshipped geese because their honking warned them that the Gauls were creeping up for an attack.
Gladys Kravitz is gone, so I guess we make do with Fido.
The Democrats trifecta-no energy, no food and no guns!!! All done without needing a single vote in Congress!!!
and a WAR with no vote either….
NONE of this would be happening if the counting hadn’t been called off. WHO stopped the counting?
This is where it began and where any inquiry about the steal should begin.
NOBODY, including Sundance, is doing that!
ALL of the voting material is voided after 22 months. September 3.
Yes, WHO gave the order?
Did it come from Ukraine?
The destruction of, real and imaginary, votes has been going on since the first ballot was fed into a voting machine.
The vast numbers of missing ballots are a bewilderment to all of the, left of center, commie pinkos.
I have never heard Trump, Rudy G or Mike Lindell ask who gave the order to stop counting. You would think that would be the first question.
That was my very first question when I heard about it
If Hillary hadn’t screwed things up when Trump was trying to make peace with Putin,
would there be a Ukraine War today?
So the regime cut off the means for us to access the God-given immense supply of fuel under our own land and waters.
We would not have the threat of lost power if the people in Congress and the courts had any backbones. I don’t care if they label themselves Rep or Dem, we ALL need energy and power. They do, too.
If the Congress could be united in this, they could squash the regime’s evil machinations.
The vetoes by the husk of a puppet would be overriden.
We have to contact all of our elected in DC.
We have to pray without ceasing!
The problem is the Democrats actually believe 81 million voted for ChiCom Joe and the New Green Deal he ran on!!!
They have backbone, they’re sure standing up to us. These people are crooks.
Yeah but…Climate Change propaganda…
Death by defending your 2A or death by an totalitarian gubmint?
You make the call.
Don’t use their terminology. It’s a rifle, NOT an “assault” rifle. Period.
Agreed. However, you have to hand it to the Rats, they are master manipulators of language. So much so that we end up absorbing the pablum. Some other examples are Black Lives Matter, undocumented immigrants, entitlements (vs welfare).
“How strangely will the Tools of a Tyrant pervert the plain Meaning of Words!” – Samuel Adams
the way i look at it is Social Security and Medicare are entitlements since we were forced to pay into them our whole working life. We paid so we are entitled to get from what we put in. Same with the veterans. All else to me is just plain welfare, they give to people to get votes. If they offered a helping hand up it would be different but they don’t and that is the problem. I was on welfare for 4 months, hubby died, 2 weeks later our son was born, and i had an older son also. His SS took 3 months to get started and his insurance went mainly to his older kids. Pension was only for who he was married to at the time of retirement. So I had bills, 2 kids and no income. Soon as SS started though I was off welfare for good.
Why don’t the leftists call for a ban on most everything that comes out of Hollywood or that we see on our tv’s every night since about 90% of it is people running around shooting and killing – using real assault weapons?
It is not 90%. There is a substantial proportion devoted to perversion, and a decent amount on virtue signaling.
I know. I even heard that claptrap on OAN this AM.
No soldier would take a semi-auto AR to assault anything. Dems are dumb.
Alligator Gar: Enough with the facts. Let’s get back to the script.
IKR?
I hear you. However, there are millions of us that have been buying long guns, pistols, shotguns regularly over many years, and as much ammo as we can store. All these Rat bastards can do is virtue signal. If they don’t stop their destruction of our great Nation, they will– as that filthy pos Schumer has said, “they will reap the whirlwind!” Spit.
All one needs is 6 MLRS and this ends in 20 minutes
Mike:
Acronyms are an esoteric language.
Soldiers in World War II said FUBAR.
Esoterica for a reason.
Please share with the 99% of us who did serve in Iraq what MLRS means?
For what it’s worth the first thing to come to mind is the Multiple Launch Rocket System, i.e. rocket artillery.
A link for a bit more information and a few pictures.
https://www.army-technology.com/projects/mlrs/
And, more importantly, the useless and pathetic congress-critters are busy getting to the bottom of stories of UFO sightings!
They can collectively shove their heads up each of each others Uranus’!
And FJB!!
The globalists are terrified of America because we are ARMED!
Our Founding Fathers KNEW what GLOBALISM looked like from real life experiences — the English monarchy and every european monarchy!!
Our Founding Fathers, with God’s guidance, GAVE Us a Republic with a sublime CONSTITUTION and BILL of RIGHTS!!!
WE need to return AMERICA to a pre 1870 CONSTITUTION and BILL of RIGHTS!!!!
God loves His America!!!!!
After the last attack there was the forced removal of armed police from school campuses.
Who was responsible for that?
Why isn’t THAT the response to the cal for more gun control?
What about banning assault rocks?
Never give up language.
The Armalite rifle and those that look like them are the most popular hunting and sport shooting rifles on the market today. Banning heavily regulated inanimate objects doesn’t address the root causes of evil behavior that drives nuts to commit senseless acts of murder.
Did that report actually suggest “climate change” will cause power outages?
Do they think we are stupid? The earth hasn’t warmed in 20 years.
Yes they did!
While showing footage from hurricane and flood damage, both kinds of which have always plagued humanity.
Here in the valley of CA Newsom is on us about water use. But he drains 50% of stored water into the Pacific for “conservation and fish”? Our reservoirs are designed to hold enough water for FIVE years and were full in 2019. But now, time to punish and demoralize citizens. And tell us it’s going to be a hot and dry summer – it’s always a hot and dry summer.
If sea levels are rising and other climate change BS , why would you release more water into the ocean?? Ha ha, I might have just answered my own question
“These economic conditions are mostly driven by energy policy”
Indeed. And like bad times generate more homeless, high gas prices will generate a carless population….besides the horror show it does generally. But they want your homes, your guns and your cars….oh and your children of course.😒
Yeah that’s what happens when central planning turns the energy off on day one via EO.
Then they launch an expensive investigation to find out why we’re having an energy crisis. Duh!
IMO It’s a dangerous game these imposters are playing.
True, the numbers look bad, but how much have these “government provided” figures been manipulated to soften the news?
Oh, but everyone rush out and buy an EV if you can’t afford gasoline 🙄
We haven’t yet reached peak stupidity but we are on our way with our selected leaders.
Ev’s aren’t available.
What’s the point of having an EV if there is no power to recharge the batteries?
Chaterjee has said it, “You’re seeing certain formsof generation retire prematurely.”
That is the single most obvious statement I’ve read this year.
As demand for durable goods declines, manufacturers and retailers alike will be forced to reduce costs rather than pass them through to the consumer. The obvious cost reduction is labor, so the next feature to emerge will be rising unemployment in certain sectors of the economy. When the Q2 figures come out, we will formally be in a recession.
Bad things always happen to political parties that preside over a combination of rising prices and declining employment. Or, I should say, they always have in the past.
Dominion to the Democrats’ rescue?
See Georgia
It is remarkable that this demented executive, in harness with the WEF, and the Davos crowd, is “Transitioning” us from prosperity into impoverishment, as the MSM looks away from this entirely self inflicted disaster. The Dinosaur media, is complicit in the lefts attempted envelopment of our economy and culture, an evelopment that is being orchestrated by a small crowd of elites.
Think about that, and remember, in certain states there will be cheating to keep the seditious in place, but in the majority of states, a MAGA realignment will occur in a little over 5 months.
If not sooner.
WE will win some, and lose some.
Be advised, the Rep party hierarchy has been at war with its base, my whole life.
Only now, have enough of the base begun to truly embrace what “Uniparty” means, and recognise that its war, Rinos are the enemy, and so begin to fight back.
60+ years that I know of, we have been abused by Rockerfeller/Country Club/RINOS, and we foolishly believed the Bushes and Chaneys, Romneys and McCains.
NO MAS. Even ONE more State like Florida, where Gov, SoS, A.G. and State legislature are united in MAGA, would be a major victory, as would at least one MAGA Senator in Congress.
The folly of compromise for the sake of compromise always assumed that the Democrats meant well.
Trump came to office assuming that the Democrats would work with him for the good of the country.
This Cold War mentality dies hard and dies long. May I suggest that only the death of Trump’s generation can end the folly?
The Democrats are now anarchists. This is mainstream Democrat dogma. Americans of a century ago understood the threat of anarchism better than Americans now. The Chicago Haymarket riot, Sacco and Vanzetti, the Palmer Raids, the Wall Street bombing..all anarchist crimes well-known to your grandfather.
Fascism has now rebounded, as has anarchism. The socialist god failed them mightily in Cuba and Venezuela, so the leftists simply moved on to another dream.
May I suggest that the flavor of collectivism matters little to our leftists. They crave the end of liberal democracy, and that quest has motivated them since the American revolution. Good versus evil to me, Dutchman.
Had coffee with my bro this morning at a place that also serves lunch. I dont eat out much, but I noticed that the lunch items that once costed $9 to $12, now cost $16 to $18. Someone posted a a quote from an attendee at the WEF that stated there will be suffering until the transition to green is complete.
They need to suffer.
There will be suffering after the transition, but they are all thinking it won’t be “we, the elites” (who made this mess). Just the serfs. And when the serfs revolt, there will be genocide by the woke military.
All Communist regimes do it, and it’s so cruel that we Americans cannot believe it.
The transition to the “Soylent Green New Communist Deal”.
In relatively cheap area of CA, 2 burgers, 2 fries, milkshake and a sode = $52. From a Frosty King (not an expensive restuarant) It was ordered by my daughter probably from Commie UberEats, but this is just not sustainable obviously. And going to get worse.
Speaking of retiring things prematurely, FJB.
Mail in ballots to the rescue when dominion machines don’t have the power source to operate.
Cue another stolen election and cue the demon reign for the foreseeable future.
Wall Street is overjoyed with this terrible news. Up, up, up it goes…in expectation that the incompetent and unreliable know nothing Powell will backtrack on his tightening. More printing, more debt…yep, that’ll fix it.
Bestsy jones: Yes, that’s what today’s market action says to me, too. “Yippee! Easy Money!”
That tired old phrase “bad news is good news again.”
I think this is relative to areas in its impact. For example, in central Florida, we are experiencing a mass influx of wealthy or very upper middle class people and their horses. The price of sport horses is very high and people are snapping them up at about 200% of what would have been the going rate just 3 years ago. What would have been a $20k horse in 2019 is now a $65k horse in 2022. A builder friend says he has a 2 year backlog of work…with deposits just to get on his list… he builds commercial buildings and barns. You can’t get a handyman to come to fix anything without an almost 2 month wait. If you need an electrician or plumber an emergency call is over 24 hours wait and you pay $300 just to get them onsite. It’s insane.
Hope that mass influx of people are not bringing blue state ideology with them
Had a roofer quote to fix small section of fascia on 2nd story house. Would only quote no more than $3200, bill time and material 2 guys $ 85 phr. Plus 20% admin charge. I agreed and they ghosted me.
And this was 5 months ago, likely more crazy now.
I have to look on the bright side whenever I can find one these days, and you have offered me a chance with this news… Now I am extremely grateful that hubby was in construction, and my baby brother is a licensed electrician. I’ve never had to get a handyman and didn’t know how blessed I was! Thanks for the little ray of sunlight, and I’m just so sorry it had to come with a dark cloud for so many others
They managed to set any real green energy or conservation back years by forcing a market to conform, it ends with more fossil fuel extraction. FJB all the. rest have investment in the renewables
This was posted some time back by another writer. I imagine more can be added.
On Day 1 Biden Administration did this to raise gasoline prices :
1. Reentered the Paris Climate Accord
2. Cancelled Keystone Pipeline
3. Halted Leasing Permits in Anwar
4. 60 day halt on all permits leases oil and gas drilling Leases on Federal lands and water across USA (this is 25% USA Production) Companies cannot adapt to halting.
5. All Federal agencies must eliminate support for fossil fuels
6. New Regulations on oil , gas and methane emissions
What the Biden , democrats , rinos , deep workers , MSM did do :
Remove Gas Tax till after November 2022 Mid terms elections
Released Oil Barrels from the USA Strategic Petroleum Reserves only to buy it back at a higher price
Blame Putin and Trump
I’m wondering if they were revised downward because the 2nd quarter is going to be worse. Is the BEA “taking up slack” on the first quarter to make the second quarter not look quite so bad?
Bingo.
Always reported in favor of Dems: funny how always revised worse when reported for a Dem pres and always revised better when reported for a R president.
The government officials are not “non-partisan”.
I wonder what the recalculated reduction in GDP would have been if the GDP calculation was ‘normalized’ using an ‘average’ rate of inflation vs the GDP we actually just experienced which baked in a very high rate of inflation. This recrumching of the numbers would reveal a much lower GDP than the 1.5% shrinkage they reported in the first quarter.
Bottom line is the reported GDP is artificially higher because of price inflation.
Bloomberg Wealth: A ‘Wealth Shock’ Is Coming
https://www.bloomberg.com/news/newsletters/2022-05-26/stock-market-prices-a-wealth-shock-looms-for-american-households
What they need for the fall of 2022. ….Call of Duty – Davos.
Would love to see ads on TV.
Meanwhile, back at the ranch, Dow Jones up +539.44. Nothing to see here folks, move along quietly.
There is the possibility of a “short squeeze” going on right now. The stock market has retraced a normal Bear Market rally back to its resistance level of 32,500-32,700. Remember the disconnect between Main Street and Wall Street.
Under the Globalist now in power, it is all about Wall Street. I see it as an opportunity for investors to get themselves out of the Stock Market before the resumption of the overall long-term Bear Market.
Fangdog: Agree. The recent rallying action reflects neither confidence, nor committment.
The short squeeze is coming for Gamestop. This one little stock, that is not even in the S&P 500, may crash the market due to derivatives and massive amounts of leverage.
Because of rampant naked shorting (illegal) and other shady mechanisms, GME is shorted by 2000%. GME will announce a dividend and stock split on June 1 which will force the borrowed shares to be accounted for. The cost to borrow shares (percentage rate) is now 79%. Once the GME squeeze starts (it already has begun), watch for some big Wall St. boys to declare bankruptcy and big banks to beg for govt bailouts. The banks have been offering Total Return Swaps (remember Credit Default Swaps?) to Wall St insiders to hide shorting of GME. The banks are screwed when they must purchase GME at massively elevated prices.
The criminal activity of Wall St and the big banks will be laid bare.
I sure hope so.
Now this is just a WAG (wild ass guess) on my part. I think the stock market would be at 40,000 had Trump remained in the Oval Office. Trump thought if Arabs living on sand could be so rich, why couldn’t Americans with all America’s resources be rich like Arabs?
All hail, Reichs Puppet, Mumbles Magoo, Destroyer of Nations!
Ta-da!
This is how the propagandists over at the BEA play their regular game.
Under Trump, the numbers would have been overly negative for the initial report, and then quietly adjusted upward later. And they always were.
But under a Democrat, they are always initially over-optimistic, and quietly adjusted downward later to reflect reality.
I’m surprised the ‘adjustment’ was only 0.1%. Probably still fudging the numbers for a while longer.
It’s a big messaging game, all across are politically-corrupt government.
Where’s that wacky Mistress of Misinformation now?
Bungles Biden and his gang of nefarious misfits doing everything they can to destroy our economy and our Constitutional Republic.
The leftwing elite running our school system and the Mainstream Media Entertainment Complex throwing the minds of young children
into the gender blender they created, a well planed pysop meant to control the children. The children are the future those that control the children control the future. Charles Manson would be proud to know that they that they are implementing his helter skelter plan.
Taking God and morality out of schools was a bad idea. Beware the worst is yet to come.
Oh well! I lived thru the peanut farmer years. This is easier for us as everything is paid for. Zero debt. Property taxes of 120 $ a year. Viva 🇲🇽
Well, one bit of good news in the economy.
Add this to their street poop, car breakins, and rampant shoplifting. It won’t change their voting behavior but at least we can laugh more at them.
https://iotwreport.com/san-francisco-bay-area-gas-station-nears-8-per-gallon/
A San Francisco Bay Area gas station is charging nearly $8 per gallon ahead of Memorial Day weekend as California’s average price continues to trend upward
FYI….
The real power brokers that control the economies and governments of every nation on Earth and are who in fact the real enemies of freedom everywhere are gathered at this moment in Davos, Switzerland. Today is the last day of the Annual Meeting of the World Economic Forum, finalizing plans for the Great Reset, Build Back Better and other diabolical plans to control and shape our futures. This is a link to the attendees: https://www3.weforum.org/docs/WEF_AM22_List_of_confirmed_PFs.pdf
To quote the late Frank Zappa, the economy “is not dead, it just smells funny.”
I was just talking to a young 20-something worker at Kroger’s here in Ohio: he overheard me lament a 50 cent increase in the yogurt I usually buy, from $3.89 to suddenly $4. 39.
He said: “Yeah, that just happened. They keep blaming the war.”
I: “In the Ukraine? Let me tell you, that has nothing to do with it!”
He: “Oh, I know! it’s Biden! People didn’t realize how good we had things under Trump.”
I: “But now I think they are starting to realize it!”
He: “Yeah, I hope we can bring him back. We really need to get rid of Biden.”
I: “Amen, Little Brother! Spread the word!” 😉
I’m hearing the same thing from Dems that I know. And yet somehow the 2022 mid terms will either go for the dems or they will be too close for comfort. Which will tell us there is no voting our way out of this mess.
“They had the ability to commit election fraud with impunity…and the people did nothing!”
That may yet become America’s epitaph!
One thing for sure. You can now see how dumb and stupid your friends and relatives who still cling to Biden.
Luckily I don’t know a one. The two guys in our group text that say they voted for him don’t even mention the guy now.
People are waking up and that is a good thing. It will only snowball. Imagine how dumb and stupid you have to be to support Biden and his policies?
OMG, that just happened to me yesterday. My sister decided to repost some idiot claiming that a president has no control over the cost of gas. It’s the big evil oil and gas producers fault!!!
Now I love my sister, however, was she not paying attention during our fantastic years under Trump??? It’s mind boggling.
It can be a shock when you come to realize one of your relatives or friends can be so dumb and stupid. It is why in a War people have to kill people. There is no reasoning on one side or on the other.
I have a cousin that lives in a Staunchly Demo State in a overboard liberal metropolitan area of the state.
He has said that everyone he knows that were Dem voters are ranting all the time about the Dem “leadership” and are all planning to vote Repub in Nov.
The problem as I see it is that the elections just don’t matter with the scale of fraud and the unwillingness of the badges and courts to stop it.
But at least they are awakening.
It goes to show how corrupt and crooked the people running this Country. When you can’t rectify the very basis of freedom voter fraud you are in very deep trouble.
I now have a job with customers. I take the opportunity to try to influence who I can. One of my ‘projects’ is to try to encourage people to spend more in cash rather than card. But whichever way the conversation goes, I try to engage and put forward ideas for them to think about. It’s not much, but you never know when you might get a good outcome.
Its something and it only takes a spark to light dry tinder.
Keep up the good work patriot.
You can bet those figures are “light”. Always look at the source. Nothing out of any gubbermint agency is accurate.
I have a good salary, but even for me filling up my gas tank is painful. I always say afterwards that’s an extra $30 I won’t be spending somewhere else.
I feel so sorry for the working poor who are being gouged by Biden’s energy policy. Hopefully it will lead to a slaughter of democrat politicians up and down and left and right across the board.
There are people now getting gas stolen from their cars. I have a friend in Alaska who had his gas stolen out of his car the other night.
I checked the local MSM last night for the first time in years, the democrat voters are just stealing the whole car out of peoples garages now, LMAO> What a world Biden has created… and yet they want to take your only protection form of protection from the riff raff. In the past two weeks a guy stole a vehicle and then ran a pedestrian over who was walking on the sidewalk (killing him) after cops saw him driving the stolen vehicle.
Wait until tax time…. They will probably shake you down for even more money!
Trying to join the discussion
I have alot of stuff to buy, but Bidem is keeping the prices jumping 20% a wack.
I will wait until a real President gets this economy back in order.
I refuse to be Gouged by high taxes on the inflated prices. It’s already bad enough knowing I have to mark stuff up myself just to make a buck, while Biden Regime comes out smelling like a Rose on the tax end. (Record Tax revenues.)
Society is being organized to benefit the State. To these people the State means the Democrat Party.
In 2020, Pelosi declared the Republican Party to be “enemies of the State”.
Rush Limbaugh once caught David Gregory, NBC talking head, referring to the Democrats as our major political Party. To these people, the Republicans are the Washington Generals – a pretend Party.
Poor people are supporters or voters for the Democrats, so we need more poor people. Voila!, the open southern border.
Poor people are Democrats, so we get hyper-inflation and more poor people. Just increase their welfare checks. Easy-peasy.
Bureaucrats are Democrats, so just raise taxes and raise their pay. Again, so easy.
Then we get less rational. People who live in the suburbs drive cars and vote Republican, while people who live in big cities ride the bus and vote Democrat. So we need to raise gas prices and get people out of cars. And they’ll become Democrats? Yeah, that’s surely AOC’s logic.
Then we get ugly. White people vote Republican, black people vote Democrat. This is where the Democrats touch bottom, and will continue to do so.
“Officially” a recession is two consecutive quarters of negative GDP. In July we’ll be in an “official” recession.
The GOP will join with Democrats to increase Federal payouts (worsening inflation) to make it look like they’re doing something.
When Congress switches over from shirts to skins this fall, nothing will change. GOP voters will continue to be stabbed in the chest, but will do nothing substantive to destroy the GOP and replace it with an actual opposition party.
There are so many out there that don’t understand cause and effect any keep voting for the same people.
It is so frustrating!
LordofLight: California’s June 7 ballot has so many candidates for so many offices that conducting real due diligence, even on half, or a third (a quarter?) of the candidates requires hours of online research.
The CA ballots are stuffed with candidates to ensure that the DNC gets its way.
I am, therefore, taking the time required to vet the candidates, to the best of my ability.
Too many people drink the magic juju that we can vote our way out of this by voting for the same people.
Too many people think we are getting out of this by voting.
They hate us…
The feeling is mutual.
When I see things like this, it makes me think about the commentary that during lockdowns, loads of money was saved – and I’m pretty sure (from memory) that happened around the world (??). It was reported that lots of people had increased their savings. Presumably due to not being able to do expensive things like take overseas trips. Plus less going out locally can add a bit, too.
Then I think, this doesn’t suit the nutty globalists, because they don’t want people to have money. So now they are clearing out people’s bank accounts with bad economic situations.
Rich people don’t save money. They invest money.
Middle class people save money.
Poor people have no money to save.
The eternal triad, at least in America.
GDP: dollar amount vs unit amount?
Has ANYBODY in Congress ever taken a basic economics course class in high school or college?
Didn’t think so……….
H&HC…: If they did, they might be no better educated, and possibly, worse.
ha
https://www.zerohedge.com/political/obamacare-time-bomb-hit-right-midterms
The hidden ACA costs are about to hit us.
All by design, a feature not a flaw in the wanton destruction of the US economy. Same as surrendering our sovereignty to the effin’ WHO and funding Ukraine better than our own country FUBAR!
The United States of Venezuela. That’s their goal.
Dumb shyt talking head had to blame TheClimate for changing. Thou Shalt Not Blame Biden.
When someone tells me it is not Bidens fault. I ask them who’s fault would it be if Trump was in the White House instead of Biden?
With many retailers reporting earnings in the past 2 weeks there seems to be 1 consistent fact. After Target and Walmart reported last weak and their earning reports greatly disappointed. Both stocks were down around 25% which is Huge loss.Following that many other retailers went down 25%. Today when Dollar general and dollar tree reported , they went up almost 25%. The constant fact I saw that even with Target, and many other retailers they all beat revenue estimates. Well duh, raising prices sort of accounts for that. With the Dollar stores , raising prices is easier to also turn into rising profits , since going from 1.00 to 1.25 doesn’t stop people from making that purchase. The other big retailers couldn’t raise prices enough and fast enough. They won’t make that mistake again. Pray and pray more.
in other news russia has reduced its central bank interest rate from fourteen (down from twenty) to eleven percent, nearly the ten percent rate prior to sanctions, in response to falling inflation. pensions have been increased as export surpluses have grown owing to sanctions-based higher export prices.
let’s go brandon’s handlers.
YOU DID THIS. 80 million votes for a potato grown in China. Enjoy the fries.
There will be civil unrest in the fall once people start going hungry. Maybe that will be used to cancel or suspend the elections.
Is there a plan to accommodate all the new “EV” cars that will be hooked up to the grid due to Biden’s trashing of our past energy policy regarding fossil fuels? Of course not. Better we send $40 billion to Ukraine!
People always think the preppers are the crazy ones, lol. I am guessing by the end of summer; gas will hit 10-15 a gallon. It is already 7 dollars in LA, CA. Inventory will run out because the world food supply is on the 90-day cycle. That 90-day is approaching, and there is less food production due to the supply chain issue, materials, weather, “accidents,” etc. The poor countries will get hit first, then late next year, it will be the developed countries.
At this point, the globalists are running out of options due to the Eurasian ‘connection.” I believe they want to goad Russia to respond by using tactical nukes, but I don’t see that happening. So, buy more time, throw sh*** on the wall, and see what will stick. But killing their citizens day by day is their ultimate goal- depopulation and the evisceration of a nation-state. The old paradigm is “dying.” Do we see a new one on the horizon? God will lead the way.