President Trump economic policy -vs- Joe Biden economic policy

When wages (blue line) are above inflation (red line) our income is growing, life is good and the working class has more disposable income to enjoy life.  However, when wages (blue line) are lower than inflation (red line) our income is shrinking, life is a struggle and the working class has less disposable income to enjoy life.

♦ Point One – Nothing happens accidentally. The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle class to thrive.

♦ Point Two – 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.

To go deep, keep reading.

(more…)

At the most troubling level, Joe Biden believes what people tell him to say for the reason they tell him to say it.  This reality underscores the reason why Barack Obama’s network selected Biden as their disposable front man in 2020.  Biden sounds convinced, because Biden is convinced.  He’s wrong, factually and fundamentally wrong, but he believes what he repeats in public.

The most painfully obvious examples of this dynamic are present when Joe Biden explains economic things based on what other people have told him.  The guy really is the modern personification of the naked emperor parading around to show off an invisible coat that he genuinely believes he’s wearing. The self-deception would be embarrassing except for the fact he is only deceiving himself; so people laugh…. but this is dangerous.

Questioned today about inflation, Joe Biden starts talking about his Build Back Better program.  It really is worth watching to see how oddly emphatic he is in the belief that if government pays for a thing (childcare, healthcare, prescriptions) the cost of that thing somehow mysteriously disappears.

Biden believes that if government subsidizes something there is no longer a cost associated with it.  He believes this.

Setting aside the historic fact/truth that anything government pays or subsidizes ultimately costs more, the real cognitive dissonance in Biden’s worldview is that any cost associate with a ‘thing‘ disappears if the government pays for that ‘thing’.   From that bizarre viewpoint, the disappearance of public expense for that government subsidized thing then creates “deflation”, or a lowering in overall prices.

This claim is abject nonsense.  Truly and genuinely batshit crazy nonsense.

Example.  According to Joe Biden’s talking point: if government pays for college education, the price of a college student’s car drops.  It doesn’t.  To make that claim is absurd in the extreme.   The college student may have more money to pay for a car if they are not paying for tuition, but the car itself doesn’t change in price.

A person may have more money to pay for groceries if they are not paying for childcare expenses, but the price of the groceries doesn’t change.   The inflation on the prices of products at the grocery store does not change just because some families no longer have daycare expenses.   But Joe Biden believes it does.   (more…)

There’s a lot of convoluted internal stuff, but essentially Mitch McConnell is going to set up a process for Democrats in the Senate to raise the debt ceiling by themselves.

Mitch will enlist the usual Decepticon suspects to change the senate rules, for one-time only, allowing democrats to raise the debt ceiling without having to enter negotiations and concessions for anything republican lawmakers want (like eliminating the Biden spending bill).

McConnell will need nine more republicans to change the process, but it looks like he’s going to be successful.

This will permit Democrats to raise the debt ceiling by approximately $2 trillion, so they can continue debate on Biden’s Build Back Better bill.   Yeah, Uniparty gonna Uniparty.

WASHINGTON DC – […] The Senate minority leader spent Tuesday selling his members on a convoluted strategy that would require at least 10 Republicans to approve legislation that would later allow Senate Democrats to raise the debt ceiling by a simple majority vote. After a leadership meeting and a Senate GOP lunch, McConnell said he’d done enough work to clinch the deal in a vote expected on Thursday. (read more)

So the Senate DeceptiCons will *claim* to be against the multi-trillion ‘Build Back Better’, fundamental change, spending bill.  Yet they will have facilitated the Democrats not having to negotiate or eliminate anything inside the BBB bill, by removing the leverage of the debt ceiling raise.  Yep, Uniparty gotta Uniparty – all courtesy of the DeceptiCon caucus.  I hate them.

President Donald Trump notes the Mitch McConnell nonsense in a statement:

(more…)

Republican Congresswoman Marjorie Taylor Greene releases audio of voice mail messages from leftist Democrats who call into her office.

WARNING – The audio contains unstable Democrat voters using graphic and foul language as they issue violent death threats.  Do not let kids listen to this.

.

(more…)

Interesting report from Politico (using DOJ/FBI sources), highlighting a likelihood the DOJ will release another version of the Trump-Russia report in the spring of 2022.  From the description it sounds like the Andrew Weissmann version of the Mueller report.

If accurate; and there’s no reason at this point not to see this as likely; this could be considered the third leg of the 2022 election stool being constructed by the leftists who plan election strategies within the Lawfare group.

• Leg one is the J6 Committee investigation and subsequent narrative findings.
• Leg two is the DOJ investigation of audit groups, indictments and subsequent narrative.
• Leg three would be the Andrew Weissmann report, and subsequent narrative.

.

Politico – […] An unpublished investigative compilation sometimes referred to as the “Alternative Mueller Report” has been located in Justice Department files and could be released soon, according to a letter filed in federal court Thursday.

(more…)

The financial punditry class are befuddled, confused and perplexed. The Bureau of Labor and Statistics released the November jobs report [data here] showing a six figure miss from expectations.  Economists were expecting around 535,000 additional jobs; however, the U.S. added only 210,000 jobs according to the new data.

The situation itself is not that difficult to understand when you look at Main Street.  However, so many of the professional punditry class are confused because they only focus on the Wall Street economy, their only prism of reference for the last several decades.

Americans are preparing, cutting back and hunkering down from the Hurricane that is Joe Biden’s inflation.

Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost.   DUH!

The ‘retail sector‘ lost 20,000 jobs in November.  Think about that.  What usually happens in November?  People are hired to handle holiday seasonal shopping…. but they weren’t… why not?  The professional economic punditry cannot figure it out, so they avoid those questions entirely.  Those questions hold the key to unlocking the understanding.  Does the “pretending not to know things” ring familiar?

The damn jobs report is simply reflecting how Main Street USA workers, consumers, spenders and survivors live when gasoline, energy and food costs necessarily skyrocket.  The November employment results are a reflection of the blue collar prepper mindset.  This is not hard to figure out.   As long as inflation continues to hit items that cannot be avoided, at a level that is two to five times the rate of wage growth, decisions are made that are based on checkbook economics.

The cognitive dissonance is quite remarkable look:

(more…)

If you were still on the fence about Omicron being created/used specifically because the people behind Biden were worried about gas prices {Go Deep}, you can quit the straddle.

Energy inflation overall, and gasoline inflation specifically, is the Build Back Better communists’ Achilles heel.  The Biden administration is ideologically committed to climate change policy and as a result they have no supply-side tools to stop gasoline prices from necessarily skyrocketing.  They desperately need the fear of Omicron to shut down the demand side.

Ten days ago the communists said they were releasing 55 million barrels of oil from the strategic petroleum reserve {Go Deep}, approximately a three day supply of oil given the current level of demand.  Today the Democrat Congressional Campaign Committee (DCCC) laughably claim victory over a two cent drop in gasoline price.  Worse still is the gaslighting graph they use to show a downward trajectory on price:

The Y-axis is in increments of half a cent.  The X-axis is showing six days of impact.

Yes, gasoline fell from $3.39/gal to $3.38/gal in the six days after the strategic petroleum reserve release.  We are spared a single penny per gallon in gas price.

Even the leftist media recognize this type of propaganda only makes Democrats look more stupid. A longer review of the Joe Biden price for Gasoline puts that six day Democrat graph into perspective:

(more…)

GBNews is using the opportunity of an interview with President Donald Trump to market their relatively new media franchise.  Perhaps that is to be expected, but the amount of self-promotion from the network around this interview is a little weird.   That said, Nigel Farage and GBNews were given an extended interview with President Donald Trump from Mar-a-Lago for broadcast in the U.K.   The video from GBN is below.

The video is prompted to 09:00 to eliminate nine minutes of lead-in promotion.   Farage begins the GBN narrative by saying President Trump has been invisible to the international audience since he left office.

The interview is broken down into two parts. The first part discusses the 2020 election, the second part covers current events.  During each segment GBN injects MAGA and anti-MAGA voices into the discussion, as Farage says “to give balance” to the interview.  President Trump notes it is important to look back to the problems of 2020 in order to look forward to what is needed for the MAGA movement in the next election.  WATCH:

(more…)

FULL Analysis Below Video:

Allianz Group chief economic advisor, Mohamed El-Erian, is one of the few financial pundits who understood President Trump’s purposeful economic agenda inside the America First policy {Go Deep and Go Deep}.  However, El-Erian also has to maintain his Wall Street credibility and, like most financial pundits, has to pretend not to know things when the emperor’s new clothes -Biden economics- are being discussed.

El-Erian uses the lingo of the club as he walks carefully in the shadow of his Wall Street allies, and he has to avoid the 800lb gorilla in the room and ignore there are other newly surfacing mechanisms available to the government in their approach to inflation.  In this interview El-Erian does emphasize that inflation is not transitory, it is only going to get worse as long as the Federal Reserve keeps printing money to keep up with the massive and ongoing Democrat spending programs.

When El-Erian says the Fed needs to take their foot off the accelerator, he’s talking about how the Fed policy right now is purchasing debt (Quantative Easing) and printing money to keep up with legislative spending programs.  He knows the Biden administration will not stop this approach, they are committed to the Build Back Better program, and as a consequence El-Erian knows inflation will continue in direct proportion to that ‘demand side‘ activity.  But he cannot call it out directly – he can only say inflation will continue.

All of the Wall Street pundits know the Fed cannot hit the brakes (raise interest rates and stop purchasing debt) or else this entire manipulated economy (even on a global scale) will collapse; as El-Erian says “plunge into a recession.”  It is a tenuous house of cards the current Wall Street crew is betting to remain in place due to the ideological politics (Green New Deal, Build Back Better, etc ).

(more…)

Under normal circumstances I would not subject anyone to a video containing the most self-centered, pontificating, vile and horrible Hillary Clinton.  However, in this example it is Moonbat framework by the insufferable Rachael Maddow that needs to be seen.  Keep in mind, his show is one of the most watched on the Moonbat Speaks and NoBody Cares (MSNBC) network.

Mr. Maddow introduces his point by referencing how Big Tech removed the voices of people who were critical of Vladimir Putin in the recent election.

Google, Apple, YouTube, Facebook and Twitter all removed content, and Maddow is jaw agape at the crushing blow to democracy and ‘free speech’ that such action highlights.

In framing his viewpoint – notice how the MSNBC host has to completely ignore that Google, Apple YouTube, Facebook and Twitter did exactly the same thing to any American voice who was speaking out against Joe Biden and/or questioning the results of the 2020 election.  This is a perfect example of how leftists need to ignore things in order to advance their ideological points.

(more…)