Do you know what it’s technically called when “government takes control of the means of production?”  Yeah, that.

This afternoon Joe Biden invoked the Defense Production Act (DPA) giving Health and Human Services (HHS) the legal authority to control the supplies needed for the creation of baby formula (how it is made), and the authority to determine distribution equity (who gets it).  Emphasis mine:

White House [DPA Sec. 2] – “[T]he authority of the President conferred by section 101 of the Act to require performance of contracts or orders … is delegated to the Secretary of Health and Human Services with respect to all health resources, including the ingredients necessary to manufacture infant formula.”

“(b)  The Secretary of Health and Human Services may use the authority under section 101 of the Act to determine, in consultation with the Secretary of Agriculture and the heads of other executive departments and agencies as appropriate, the proper nationwide priorities and allocation of all ingredients necessary to manufacture infant formula, including controlling the distribution of such materials (including applicable services) in the civilian market, for responding to the shortage of infant formula within the United States.” (read more)

HHS Secretary Xavier Becerra, an über-leftist who ironically self-describes as an abortion absolutist, is now in charge of infant formula manufacture and distribution. You do not need to be a conspiracy theorist to predict which “at risk” group will get priority distribution of limited resources.

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The stock market is dropping, Wall Street analysts are flummoxed, but it just isn’t rocket science folks.  It’s Main Street economics 101.

The price to produce, manufacture and transport goods has skyrocketed, that’s the Producer Price Index (PPI).  Arriving goods at retail are significantly higher in price.  Simultaneously, consumer spending is being squeezed by unavoidable inflation in housing, energy, food and gasoline; so consumer spending is tight, that’s the Consumer Price Index (CPI).

Higher costs to retail that cannot be passed on as higher prices to customers, means lower profit margins for the sellers.  That’s it.  That’s the majority of it.  Major retail companies like Target and Wal Mart are reporting the impacts from the squeeze in higher costs that cannot be passed to consumers in higher retail prices.   Checkbook economics.

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Businesses are seeing higher costs in the unavoidable goods they need to sell, the fixed price of goods.  What comes next?  Businesses, knowing they cannot raise prices too much, look at lowering the costs of operations in an effort to remain competitive, stay profitable, and stay in business.

How do businesses lower operational costs?  Increase expectations of employee productivity and/or lower employment costs.  That leads to layoffs.

I guarantee you…. YOU know more about the basic principles of Main Street economics than a room full of these Wall Street analysts.   I like El-Erian, but sheesh, talk about pretending not to know things.

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I think we all knew the Pennsylvania GOP Senate primary race was going to be close, but wow, it’s really close.   As of right now, only 1,750 votes separate Mehmet Oz and David McCormick, or a mere .2% of the more than 1.3 million votes cast.

According to the Philadelphia Enquirer there are approximately 105,000 mail-in ballots to be counted and no one knows how many of them are republican ballots.  Politico is estimating around 21,000 of them are republican ballots.

Regardless of the outcome from the mail-in ballots, it seems a recount is a certainty as Pennsylvania state law requires an automatic recount if the difference is less than half of one percent (.50%).

PENNSYLVANIA – […] Pennsylvania law requires an automatic statewide recount if the top two candidates in a race are within half a percentage point of each other, which Oz and McCormick currently are.

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Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer.  That would put the national average for a gallon of gasoline around $6.20 by August.

The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.

The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year.  Obviously, all of this is a feature of the administration plan, not a flaw.  The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.

Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda.  Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.

Massive increases in gasoline prices are a feature, not a flaw.

Remember, Biden is disposable.  The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term.  Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.

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Interesting background discussions today, very interesting.  There are some aspects to the Washington Post story about DHS abandoning, at least temporarily, the Dept of Homeland Security Disinformation Governance Board.

WaPo represents the CIA public relations/narrative engineers, so it doesn’t come as a surprise they would be the announcing outlet for the leaked information.  There’s also an interesting aspect in who was selected to write the article, Taylor Lorenz, the conscripted narrative engineer and lead on-line counterintelligence/propaganda pusher.  [LINK]

However, beyond the background intelligence motive; and accepting the expressed intent of the DHS ministry of truth effort; notice the picture Lorenz published to accompany the notification (see above). “Nina Jankowicz … works in a press room at Volodymyr Zelensky’s campaign headquarters in 2019 in Kyiv, Ukraine.”  Quite telling.

The takeaway from the above data points, outlines how long the DHS has been planning to use the conflict in Ukraine to advance the agenda of the State Dept and intelligence apparatus (CIA).  When combined with the rapid response from big tech search engine notifications about removing on-line content that contradicted the official position of the U.S. government toward the Ukraine conflict (Google and DuckDuckGo), what we see is a very fulsome picture of how the U.S. government advanced propaganda was being constructed.

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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 †

(more…)

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.

(more…)

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 †

(more…)

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.

(more…)