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Target Profit Drops 90% in Second Quarter as Inflation Changes Consumer Purchasing

In the second quarter of 2021 Target earned $1.82 billion in profit.  In the second quarter this year, target earned $183 million. That’s the result of inflation hitting the middle-class consumer.

Few people are buying electronics, home goods, durables or clothing.  Any retailer that specializes in the sale of non-essential items is going to feel the financial results of working-class families reprioritizing their spending.  Checkbook economics is the economics that matters.

Hopefully, CTH readers are well prepared for this phase of the Joe Biden economy. It will almost certainly get worse.

(Daily Mail) – Target reported on Wednesday that its profits plunged nearly 90 percent last quarter after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics.

In early June, Target warned that it was canceling orders from suppliers and aggressively cutting prices because of a pronounced spending shift by Americans as inflation cuts into spending on non-essential items.

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Mike Pence Denounces Calls to Defund the FBI

Former Vice President Mike Pence delivered an establishment republican party speech at Saint Anselm College in Manchester, NH, today.  During his prepared remarks, Pence denounced the effort of some people in the republican party who call for defunding the FBI.

According to Pence he was, “deeply troubled” by the behavior of the justice department and the FBI during their raid on President Trump’s residence at Mar-a-Lago. Pence continued by saying the FBI “rank and file” should not be attacked or disparaged for the political agenda exhibited by the organization they represent.  It’s a weird statement when you think about it in context.

The FBI as an institution doesn’t do anything; it is the men and women within the institution that take actions based on corrupt political intent.  The only way to address the behavior of the FBI is to do exactly the opposite of what Pence is saying.  Institutions are made up of people. The rank and file within that corrupt system are the people carrying out the corrupt endeavors.  The audio is a little poor, but here is the segment, WATCH:

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Tonight, We Dance, The Insufferable Liz Cheney Has Been Crushed and Cast into The Trash Heap of History

LIZ CHENEY CRUSHED!

The Great MAGA King said once before, “out, get her out,… and keep her coat.”

The sanctimonious pontificating pustule of political pomposity has been lanced.  Liz Cheney is cast out of congress by the voters of Wyoming.   Always keep reminding the Cheney folks that it was the voters of Wyoming who threw her out (they hate that), and it wasn’t even close.  Liz Cheney was rebuked.

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Election Night in Wyoming and Alaska, Results and Open Discussion

Tonight, is one of those primary nights we have all been waiting for.  The moment Wyoming voters have the opportunity to dispatch Representative Liz Cheney into the ash heap of republican politics.   President Trump has endorsed Harriet Hageman to defeat and remove the horrible Cheney.

There’s also the ranked primary in Alaska, where we will watch to see if Senator Lisa Murkowski can be defeated, at least in position, by Trump-endorsed primary challenger Kelly Tshibaka.  We also want to see if Sarah Palin can win the Alaska special election to fill the congressional seat previously held by Don Young.

New York Times – Election Results Here

CNN Election Results Here

Decision Desk HQ – Election Results Here

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President Trump Wants Full Unredacted Raid Affidavit Released

President Trump calls for the release of the search warrant affidavit used against him in fully unredacted form.  Additionally, President Trump suggests the judge in the case should recuse himself based on prior conflicts.   [Truth Social Link]

[LINK]

From what I can ascertain, the court hearing will be on Thursday.

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Dear Professionally Republican….

…. We can see you.

~ BACKGROUND HERE ~

Economic nationalism is the unifying theme of MAGA.

Economic nationalism is what creates the largest populist tent in the history of republican politics.

Blacks, whites, Latinos, Asians, gay, straight, all genders, all colors, all creeds, all races, all united…. because the “working-class” is the unifying element.

MAGA is the voice of the working class.

The working class is what keeps all the shit working. We are the binding within the patchwork quilt of our constitutional republic.

The working class that had been beaten, put down, isolated, disconnected from policy, ridiculed for not having pedigree, all of it, became United in MAGA.

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Trump’s Espionage? Washington DC and the Pundits Won’t Talk About This, But I will

Reading all the professional political chatter from both wings of the uniparty bird about the DOJ position on the Trump raid in Mar-a-Lago, something sticks out to me that readers here will relate to, but others, likely not so much.   Consider this written to all the reasonable and intellectually honest people.

You see, there is an actual mechanism that is being ignored by members within the professional DC silos and the DC ‘outrage’ stenographers.  I was reminded of it when reading the professional obfuscation in the Wall Street Journal as they outlined how Merrick Garland “weighed the raid on Mar-a-Lago for several weeks” prior to August 8.

Technically there is a mechanism for executive branch conflict resolution that involves actual transparency, not the political talking points of the illusion of transparency.  However, when the Fourth Branch of Government was created, the conflict resolution measure that provides oversight and escape from accusations of unequal application of law was dispatched.  It was dispatched because, well, the unequal application of the law was the intent.

What I am talking about is the legislative branch oversight mechanism known as the Gang-of-Eight.   Whenever the executive branch runs into a conflict that involves sensitivity within an issue they define as “national security,” the executive branch is supposed to use the tool of the legislative branch to extricate themselves from the conflict.

Quite simply the DOJ/FBI could have briefed the Go8 on the nature of the sensitive ‘national security’ issue, and this bipartisan briefing to both democrats and republicans removes Main Justice from the appearance of political impropriety.  If, later on, the nature of their investigation is ever questioned, Main Justice (the representatives of the executive branch) have the shield of telling the American public that congress was notified.

That is essentially the intent of the Gang of Eight construct.  Leaders and key officials within both parties are informed of ongoing investigative activity that involves the national security of the United States.  That’s the mechanism for the DOJ and FBI to avoid the appearance of political targeting.

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CBS Caught Scripting Fake News, Narrative Engineer Norah O’Donnell

CBS narrative engineer Norah O’Donnell made the rounds today proclaiming the DOJ did not seize President Trump’s passports. At least that was the carefully constructed narrative within her messaging. LOOK: [Tweet Link]

Pretty cut and dry effort there.   “The FBI is not in possession of former President Trump’s passports.” “Trump had accused the FBI of stealing his three passports”…

Ten minutes later this statement from CBS Kelly O’Donnell.  LOOK:  [Tweet Link]

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Tucker Carlson Reacts to the FBI Raid on President Trump’s Home

Returning from a vacation that coincided with the FBI raid on President Trump’s home in Mar-a-Lago, Fox News host Tucker Carlson delivered an extensive monologue upon his return Monday night.

Beginning by questioning the baseline assumptions, Carlson walks through the events as they are known. WATCH:

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DOJ Asks Judge to Keep Affidavit for Search Warrant Used Against President Trump Sealed from Public Review

If the search warrant affidavit was revealed to the public, the DOJ Lawfare tribe targeting Trump – within the DOJ National Security Division (DOJ-NSD), could not keep the benefit of selective leaks to their media stenographers.  It would be more difficult to frame the narrative.  [DOJ Filing pdf HERE]

On Thursday August 11th, Attorney General Merrick Garland said the justice department was committed to transparency in order to retain their integrity with the American public.  On Monday August 15th, Attorney General Garland asked the court to keep the records sealed.   The six-year pattern continues….

WASHINGTON DC – “If disclosed, the affidavit would serve as a roadmap to the government’s ongoing investigation, providing specific details about its direction and likely course, in a manner that is highly likely to compromise future investigative steps,” U.S. Attorney Juan Gonzalez and Justice Department counterintelligence chief Jay Bratt said in a filing urging the continued secrecy of the affidavit.

“The fact that this investigation implicates highly classified materials further underscores the need to protect the integrity of the investigation and exacerbates the potential for harm if information is disclosed to the public prematurely or improperly,” the DOJ officials wrote.

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