This obtuse explanation from Treasury Secretary Janet Yellen about the April jobs report is one for the record books.  According to Yellen, the government handing people more free money than they would achieve with a working job is not a disincentive for employment.

To prove her case she cites the hospitality industry hiring people in April.  However, what Yellen doesn’t figure into her bizarro logic is that all sectors in all states are not created equal.  Yes, the statistics of “sector analysis” apply across the entire nation; however, the underlying economic activity is not equally distributed.

Blue states are more economically closed than red states. The job gains are in the states where the economic activity is strongest and the incentives for workers are the biggest.   The lack of people working is disproportionately happening in the blue states where dependency models are strongest. WATCH this nonsense:

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These bureaucrats don’t have a lick of common sense.  According to Secretary Yellen’s logic, there are times when water is not lacking dryness.

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Economic forecasters had predicted one million job gains in April.  The actual results are “stunningly” and “unexpectedly” far below the expectations.  The Bureau of Labor Statistics [SEE HERE] reveals only 266,000 jobs gained in April and downward revisions of March by -146,000.  There are almost 7.4 million jobs available; however, despite the available jobs, no-one is going back to work.

Yes, JoeBama’s “free government money” has created the socialist utopia.

The politically correct economic analysts are shocked that minorities (blacks and latinos) are not going back to work; while ignoring the disincentive that government handouts have created in the JoeBama economy.  The entire dynamic is ridiculous when you consider we should be entering a phase of the jobs economy where vaccination and COVID mitigation should be leading to massive reopenings of the economy overall.

Inside the numbers, the economic sectors showing the worst jobs recovery are directly related to the blue state shut-downs.  Worse yet, there is an underlying scenario showing the economy is not growing despite the ability of businesses to re-open overall.  That spells even more trouble.

(CNBC) – “Today’s report was an enormous surprise and shows the labor market hit a hidden pothole in April,” Glassdoor senior economist Daniel Zhao tells CNBC Make It. “Clearly, the labor market has decelerated quite a bit.”

The 6.1% unemployment rate and 9.8 million people unemployed remained steady in April compared with the months prior. (more)

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U.S District Judge Dabney Friedrich has ruled the CDC has exceeded its authority with the federal ban on evictions during the COVID response. [pdf ruling HERE]

The issue at the heart of the matter is one of private property rights.  As the judge stated: “The question for the Court is a narrow one – “Does the Public Health Service Act grant the CDC the legal authority to impose a nationwide eviction moratorium? It does not.”

(WASHINGTON) – Federal Judge Dabney Friedrich struck down on Wednesday the national eviction moratorium, potentially leaving millions of Americans at risk of losing their homes.

The Centers for Disease Control and Prevention has banned most evictions across the country since September. President Joe Biden extended that protection to renters until July. Some 1 in 5 renters across the U.S. are behind on their payments amid the pandemic, and states are scrambling to disburse more than $45 billion in rental assistance. (read more)

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You’ve likely seen mentions of inflation popping up amid some MSM discussions. Without a doubt you have seen significant price jumps at your local supermarket.

The reason is simple, JoeBama’s economic policies are beneficial to the multinationals, crushing to the domestic U.S. economy and driving massive increases in prices in a variety of sectors.  As a consequence the leftist financial media (almost all financial media) are churning out deflection points, but if you understand the background you can predictably see the cause and effect.

USA Today –  From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.  Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch. (more)

NOTE: Wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.  When those grain harvests go up in price the downstream increase in price is far reaching.

Remember, there is no such thing as a “commodity” market in the free market sense of the word.  Those commodity markets are now “controlled markets“, and fully under the control of massive multinational agricultural corporations.

[…]  “Americans should definitely expect an eventual rise in prices later in the year,” says Moya. “The surge with grain prices should not immediately be visible at supermarkets, since retailers absorb the initial increase. (But) eventually, the margin pressure will be too big and probably at some point late in the summer, Americans will start to take notice to some increases on grocery shelves.” (more)

Many Americans are recently awake to the singular ideology that surrounds DC politics.  The UniParty political fraud also applies to our political economy. However, just like the election, understanding the deception in modern economics means understanding previous false and promoted assumptions.

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..”If the public are bound to yield obedience to laws to which they cannot give their approbation, they are slaves to those who make such laws and enforce them.”..  ~Sam Adams

The Florida Legislature has completed a bill that blocks any/all local municipalities from continuing “emergency use COVID orders” that restricts business and individual freedom.  The law goes into effect on July 1st, and Governor Ron DeSantis signed the bill today in St. Petersburg.  To speed up the process, the Governor also announced he was using his executive office to suspend all local ordinances and restrictions effective immediately.

In other words, you are free to take whatever precautions you deem personally necessary but all local restrictions are blocked.

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Obviously, the leftist officials in the deep blue metro-areas are going bananas at their loss of control over their citizens.

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As soon as government started controlling the behavior of people under the justification of COVID fear, there was a natural conclusion evident to the issues. The lady holding up the sign has it exactly correct.  All of the approaches demanded by leftist governmental action framed ‘non-compliance’ with the dictates as the individual being “selfish.”

The leftist pattern of framing your demand for individual freedom and liberty as selfish, has permeated throughout the COVID narrative.  The vaccination demand now carries the exact same compliance narrative as the leftists blend vaccinations with the term “herd immunity.”

The current media talking points say that if you don’t take the non-FDA approved test vaccine, you are selfishly blocking a national effort to attain this “herd immunity.”

The argument is actually quite silly.  If your vaccine protects you from COVID; and if the vaccine actually does do what the government and media tell you it does; then why would you be worried about someone else’s vaccine status?  If the vaccine works, presumably you are protected; my not being vaccinated does not increase your risk or pose a threat.

To give you an idea how the COVID narrative is evolving, CNN ran this segment talking about how non-vaccinated people should be treated:

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The federal reserve has announced they will support the economic agenda of the Biden administration by allowing rapid inflation.  The FED is trying to provide cover for JoeBama’s economic plan.  The era when the FED could impact inflation is long past.  However, the Joe Biden policy impact will be clear, immediate and concise.  The U.S. middle-class and blue-collar worker are about to be crushed under rising prices for consumable products.

Increases in inflation hit the working class (Main St) much harder than the investment class (Wall St) and financial elites.  Factually the multinationals benefit from U.S. inflation as it puts pressure on domestic companies to ship their manufacturing overseas.  Wall Street likes that.  This dynamic has been an issue not-discussed by the financial media for decades.   First, the Reuters article (when you see “commodity prices” think about the term “consumables”):

REUTERS – The U.S. Federal Reserve has signaled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.

[…]  After its latest meeting on Wednesday, the Federal Open Market Committee confirmed it will seek to achieve the *twin objectives of maximum employment and inflation at the rate of 2% over the longer run.

[*NOTE: in the new era of global economics these two are mutually exclusive.  The FED is intentionally ignoring this point.]

[…] The committee noted price rises have been running persistently below target, so it aims to achieve inflation moderately above 2% for some time to make up the shortfall and anchor expectations at around the 2% level.

[…]  The plan is to run the economy hot to achieve faster job gains, especially among disadvantaged groups that are marginally attached to the labour force, before shifting back to inflation control later in the cycle.

But the resulting pressure on global supply chains while the Fed pursues employment increases is likely to generate significantly quicker price rises for raw materials and a range of manufactured items. (read more)

This perspective is fundamentally false and based on assumptions that are decades old economic arguments.  The reality of what will happen is exactly the opposite on the employment front.

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Florida Governor Ron DeSantis was the first U.S. governor to announce he would oppose and block any attempt to make vaccination passports a requirement for any engagement with state government or private enterprise.  DeSantis then signed an executive order temporarily and proactively blocking any effort to require proof of vaccination.

Today, the Florida House of Representatives passed a bill (SB 2006) to ban the use of COVID vaccination passports.  This bill will now reconcile with a Florida Senate bill that carried the same intent.

Good job Florida!

TALLAHASSEE, Fla. – With a key lawmaker saying he recognizes that vaccine hesitancy is “real and understandable,” the Florida House on Wednesday approved a measure that would limit local emergency orders and make permanent Gov. Ron DeSantis’ executive order barring COVID-19 vaccine “passports.”

The House voted 76-40 to approve the proposal (SB 2006), which Pandemics & Public Emergencies Committee Chairman Tom Leek, R-Ormond Beach, said would prepare Florida for the next public-health emergency while striking a “delicate balance between protecting people and protecting people’s civil liberties.

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Let’s start by being intentionally direct with each other. The JoeBama tax proposals are not accidental or misguided; far from it.  The intent of Obama’s third term economic policy is to return to forced globalism and diminished U.S. middle-class prosperity…. the often mentioned “service driven economy.”

There is nothing of value behind the obtuse term “service driven economy.” The multinationals are paying for this administration, just like they paid the Obama administration; paying for economic policy that advances their interests.

Congress goes along with the K-Street demands because Wall Street is now the primary benefactor of legislative intent. Nothing about their effort is done with American interests in mind.

Let me also be clear… Ever since I put forth the explanations of “A New Dimension in American Economics” I have been contacted by several prominent people within the financial institutions and academic sphere who agree with the principle. However, every single person states there is too much risk in explaining the intent and motive behind the curtain.

What JoeBama is proposing in his tax plan is specifically intended to rapidly advance the interests of Wall Street and corporate multinationals. Before getting to the baseline of how, let’s first look at his proposals as purposefully leaked:

WASHINGTON (Reuters) -President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

The plan is part of the White House’s push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden’s ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.

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Interesting notation from Politico regarding the move of Rod Rosenstein’s sister, Nancy Messonnier, out of the CDC executive management coordinating the COVID-19 response.  Messonnier made a big splash in February 2020 when she proclaimed COVID was a looming catastrophe about to overwhelm the nation.

WASHINGTON DC – CDC respiratory disease chief Nancy Messonnier has been reassigned from her position heading the agency’s Covid-19 vaccine task force, according to three people familiar with the move.

Messonnier is being absorbed into an incident management response team headed by CDC Director Rochelle Walensky. But the situation remains fluid as CDC restructures teams under Walensky’s leadership.

[…]  three people with knowledge of the situation told POLITICO she has since taken leave from the CDC, and some of them characterized it as an unplanned vacation. Messonnier has not yet responded to a request for comment.  (read more)

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