The Bureau of Economic Analysis (BEA) has released the first estimate of Gross Domestic Product (GDP) for the third quarter (July, Aug, Sept). [DATA HERE]  The top line number of two percent GDP growth is significantly worse than most economists and financial pundits expected.

The second quarter GDP was 6.7%, so a slow down to 2% is very significant considering the economy should be rebounding and reopening after the COVID-19 impacts.  However, when we dig into the details [Table One] you will see how what is happening in your life is actually reflected in the data.   None of this should be a surprise, as the data is simply reflecting what is happening in your personal checkbook economics.

First, here’s the media jaw agape, with false explanations and justifications:

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The drop has nothing to do with the ‘delta variant’, and everything -EVERYTHING- to do with inflation and impacts from Joe Biden’s economic policies.

Let’s take a look at the details, and you will see how the national GDP is simply a reflection on what we are doing to survive the Biden economy.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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In his lengthy opening on Fox News Wednesday night, Tucker Carlson outlined the big picture in 19 minutes.  Carlson does a good job of weaving the disparate elements into a very visible picture.

This is a good encapsulation of how the Biden administration’s agenda creates a cause and effect cycle that’s completely disconnected from the priorities of the American middle class.  WATCH:

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Florida’s Governor Ron DeSantis has a lot to celebrate today as the sunshine state becomes the lowest state in the U.S. for COVID cases with a rate of 9 per 100k residents.

Within the data, the state also reports 147,000 Floridians have received monoclonal antibody treatments at 25 locations throughout the state.  Those treatment centers are available for anyone who is diagnosed by a positive COVID test, and it is making a significant difference in hospitalizations.  Well done DeSantis!

Press Release: “As a result of Governor Ron DeSantis’ leadership and our data-driven approach free of mandates, the State of Florida has one of the lowest COVID-19 daily average case rates in the last 7 days per 100,000 residents in the United States.

“Without mandates or lockdowns, COVID-19 cases in Florida have decreased 90% since August,” said Governor Ron DeSantis. “In addition to cases, hospitalizations have plummeted in our state. This has been accomplished by making monoclonal antibody treatments and vaccines widely available throughout our state while protecting Floridians from government overreach.”

“As Florida now ranks lowest in the continental US in terms of COVID-19 rates per capita, we are proud to have stood firm in protecting liberty throughout the pandemic,” said Lieutenant Governor Nuñez. “Governor DeSantis’ approach was guided by science, data, and pragmatism, not fear and alarmist narratives.”

Since August:

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This may seem like a small story that skirts under the radar of most; however, the ramifications are quite large.

Senate Minority Leader Mitch McConnell (KY) and Senate Majority Whip John Thune (SD) have endorsed MAGA candidate Herschel Walker for the Georgia Senate Race.

This move ¹could represent a major shift in the political outlook of the upper chamber.

McConnell and Thune are the two top DeceptiCons in the Senate.  McConnell has been grooming Thune to be his replacement if they collectively cannot defeat the MAGA movement Republicans the same way McConnell previously crushed the Tea Party Republicans.   If the larger U.S. awakening returns the Senate to GOP control in 2022, it is very likely John Thune will become Majority Leader.

That is the background to consider this shift: “Herschel is the only one who can unite the party, defeat Senator Warnock, and help us take back the Senate. I look forward to working with Herschel in Washington to get the job done,” McConnell said in a statement to POLITICO.  “On Monday, the retired football player received the backing of South Dakota Sen. John Thune, the No. 2 Senate Republican.”

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Taxing “unrealized capital gains” sounds like a catchy and obscure way to make wealthy people pay more in taxes, but it doesn’t work.  A government that moves in this direction ignores the reality that people are not static.  The process also involves “taxing wealth” which then becomes an arbitrary definition.

Unrealized capital gains are not income, they are simply increases in value.

If your home was worth $200,000 last year and $300,000 this year, you have an unrealized capital gain of $100k.   A 15% tax bill on that value increase means the homeowner would have to pay $15,000 to the IRS.

Joe Biden is proposing to pay for his multi-trillion expansion in debt through this type of tax upon billionaires.   Treasury Secretary Janet Yellen admitted this was part of their thinking to help pay for the Biden budget last Sunday.  WATCH:

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Proposing a tax on money that does not exist is the peak of government.   Sure the proposal applies only to billionaires who have massive gains in their stock portfolios, but billionaires are not esoteric titles.  Billionaires are people who can, if needed, move their physical location and avoid any U.S. tax on their wealth.

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The New York Post has an excellent expose’ [See Here] showcasing just how manipulative the legislative tricks are within the mega-trillion dollar human infrastructure and Build Back Better bill.

As anticipated by most political observers, the Democrats are using budgetary tricks to avoid the Congressional Budget Office putting a real price tag on their legislation.  The article is easy to understand even though the legislative tricks are far beyond anything any congress has ever attempted.

(New York Post) – After months of criticizing Sens. Joe Manchin and Kyrsten Sinema for balking at the original $3.5 trillion price tag, congressional Democrats are finally accepting reality and paring President Biden’s social welfare package to between $1.5 trillion and $2 trillion over the decade.

Does this mean they are responsibly removing the bill’s worst provisions and crafting fiscally sustainable legislation? Of course not!

Instead, welcome to the gimmick Olympics, where progressives are using classic accounting tricks to hide the true cost of the bill.

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Attorney General Merrick Garland appears before the Senate Judiciary Committee to answer questions about his involvement in the drafting of a DOJ memo to the FBI requesting support for investigations of parents who attend school board meetings across the country.

While the topic is downplayed by U.S. corporate media, the specifics of the issue are pertinent in that they highlight the politicization of the Justice Department by DOJ officials throughout main justice and the various offices of U.S. attorneys.

Garland was prompted to write his instructions as an outcome of the White House coordinating with leftist political operatives within the education system, specifically the National School Board Association.

It seems apparent, from the questioning and responses today, that Deputy Attorney General Lisa Monaco was the central DOJ official who coordinated the political intent of the memo.  Monaco was previously President Obama’s homeland security advisor and lawyer in the White House.  Within the main justice structure, Lisa Monaco is now the head of the DOJ National Security Division, the agency given the prosecutorial power within the Garland memo.

The background of the memo involved parents becoming aware of Critical Race Theory (CRT), essentially Marxist lesson plans within various regional school boards.  The parents responded to the information by confronting school boards across the nation.  The left-wing political operatives were caught off guard by the massive assembly and grassroots organization of parents in almost all states.

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One of the lesser highlighted aspects to Attorney General Merrick Garland using the FBI to investigate parents as domestic extremists when they attend school board meetings, is that Garland put the prosecutorial process in the DOJ- National Security Division (DOJ-NSD).

From the perspective of the general public, the DOJ-NSD has become a well known division within the DOJ in the past several years, because it was within this division where the lawfare alliance constructed their political targeting operations against candidate Donald Trump.  The DOJ-NSD is where the secretive title-1 FISA applications are created and submitted to the FISA court.

As established by AG Eric Holder and DAG Sally Yates, the DOJ office of inspector general, the internal self-checking mechanism to act an a watchdog, was also blocked from having oversight into the DOJ-NSD throughout the era of Barack Obama.  This lack of oversight was intentional to keep the DOJ-NSD political operations hidden from any review.

The DOJ-NSD was the home for John Carlin, Mary McCord, Andrew Weissmann and Bruce Ohr among others who conducted the investigation into Hillary Clinton’s classified email use and later into candidate Donald Trump via the FBI Crossfire Hurricane operation.  It is the DOJ National Security Division that selects targets for prosecution (ex. FARA) based on political affiliation.   In this round of questioning by Tom Cotton, the Arkansas senator focused on the use of the DOJ-NSD by Merrick Garland.  WATCH:

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