…..Quit Pretending

Joe Biden is not running this economy.  Joe Biden’s economic advisors are not running this economy.  Joe Biden’s cabinet members are not running the economy. The people running this economy are the climate change activists behind the scenes who have been elevated into positions in all economic cabinet offices throughout the administration.  This was the deal in 2020 that led to Biden’s installation.

Professional political activists, Elizabeth Warren and Bernie Sanders types, within the Interior Dept., Energy Dept., EPA and other regulatory agencies related to the energy economy are in control. Not a single operator within the system looks to the White House or executive office for guidance.  They knew they had a short window to carry out the unilateral agenda regardless of damage it does.

This is a full-throated assault on the energy industry under the auspices of the climate change agenda. And that is what is collapsing Main Street and pushing massive costs onto consumers via inflation.  That’s it. That’s the background. No one in/around the White House has any control over the consequences. That was the 2020 deal made, and the reason why Biden was selected as the nameplate.

Oil prices have shot up to $120/barrel.  Russia and Ukraine are being used as a smokescreen for the ‘Build Back Better’, or domestically, the “Green New Deal’, agenda.  The same climate agenda supported by the entire Western government alliance who bow to the altar of the World Economic Forum.

Damn the consequences, full speed ahead. Main Street citizens are collateral damage.  They don’t care. In the view of the operators, their urgent goals are bigger than our needs; and their high-minded, filled with superiority justification is, they are trying to save us from ourselves.

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Tucker Carlson accurately puts the spotlight on former presidential candidate, Senator Elizabeth Warren, as he outlines the destructive nature of the Joe Biden economic and energy policies.  Warren is an academic. Everything Warren has created and advocated comes from theory and academics.  Senator Warren has never built anything, created anything, or worked on a system to contribute anything.  Elizabeth Warren is 100% an academic and activist wonk, just like Barack Obama.

Tucker is right to focus on Warren because as we have outlined previously, control over energy policy and economic influence was the price candidate Warren demanded in 2020 for going along with the plan to install Joe Biden.  Her endorsement came with the demand that she be allowed to take her energy and economic theories and put them into actual economic policy for the Biden administration.  Tucker’s the first person I have seen to connect the two.  WATCH:

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In order to keep control over the literal application of her theory, Warren had demands for the businesses and companies that operate within the economy.  That’s why she is desperate to build mechanisms inside government policy where approvals and/or disapprovals take place.   Tucker got this monologue correct.

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This has been one of the odd aspects to the special counsel investigation deployed under the nameplate of Robert Mueller.   However, with the trial of Hillary Clinton campaign lawyer Michael Sussmann bringing more curious minds to the backstories, here’s one that few people understand.

You will remember the massive media debate in early 2018 about the FISA application deployed against former short-time Trump campaign aide Carter Page.  The DOJ, at the time under the control of the Mueller special counsel for all things Trump-Russia related, wouldn’t let congress see the FISA application. Devin Nunes complained to House Speaker Paul Ryan.

Eventually a deal was struck and two members from the House Intelligence committee (democrats and republicans) and two members from the House Judiciary Committee, were allowed to go to Main Justice and read the FISA application, but not copy it.  Four congressmen were allowed to go read and take notes. Trey Gowdy and John Ratcliffe represented the two republicans, and their notes formed the basis for what later was called “The Nunes Memo.”

The Democrats were not happy with the claims in the Nunes memo, and subsequently HPSCI ranking member Adam Schiff wrote the democrat version.

Both of those sets of memos then needed to be declassified, more delays, before they could be made public.  For weeks and weeks, the Nunes -vs- Schiff memos were debated by both sides, with each saying their version was the truth and the other party’s version was spin and/or false.   All of this was happening in January, February and March 2018.

Then, later in the summer, something really weird happened.  Main Justice completely reversed position on keeping the FISA application secret, and for the first time in U.S. history a top secret classified Title-1 FISA application was released to the public (with redactions).

People were so filled with curiosity about the Carter Page FISA application that few, heck, almost no one, stopped to ask why it was released?  Why the sudden secrecy reversal by the DOJ?

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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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New York Times narrative engineer Charlie Savage is tweeting from within a packed media center at the E. Barrett Prettyman courthouse in Washington DC for the government case against Clinton lawyer Michael Sussmann. [TWEET THREAD]  The mentions and notations, while skewed toward the self interest of media, give us a good insight into what is taking place in the courtroom.

First things first. All media reporting of this case will be done through the prism of their own cooperation in the perpetration of the fraud.  The MSM knew along with everyone else inside and outside of government, that their efforts to create the Trump-Russia conspiracy and collusion narrative were based on fraudulent pretext manufactured by the Clinton campaign.  They all knew it. They all acted collaboratively and they all engaged purposefully.

As noted by Charlie Savage, prosecutor Deborah Shaw, a member of the Durham team, delivered the opening remarks to frame the government position in the case.

The telling remarks came early: “Shaw addresses “the elephant in the room” – tells jury their feelings about Russia, Trump, Clinton can’t play a role in the case. This is about “our FBI” which should not be used as a tool by anyone, Republicans or Democrats.”  In essence, prosecutor Shaw is telling the jury the FBI were duped into the Trump-Russia conspiracy investigation by outsiders connected to the Clinton campaign.

That’s a critical baseline from the government we must understand and accept.  That baseline now indicates that none of the DOJ and FBI operatives involved in the fraudulent scheme will be held accountable by the Durham team.  “Our FBI should not be used as a tool by anyone,” yet they were, so sayeth the United States Government.

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The Bureau of Labor Statistics (BLS) released the inflation data from April today [DATA HERE] showing 0.3% increased inflation in April and a continued 8.3% ‘sticky’ inflation year-over-year.

CTH is going to say something slightly unusual, this data is actually worse than expected.   The hidden canary in the mine is within this BLS sentence which shows in the statistics, “the index for gasoline fell 6.1 percent over the month, offsetting increases in the indexes for natural gas and electricity.”  Remember, these are backwards reflections of price captured in early/mid-April.

The actual price of gasoline dropped 1% in April during the timeframe captured.  Yes, there was an actual 18 days in April when gasoline prices moderated and slightly ticked down; however, those prices immediately jumped again late April through today.

Because the BLS puts a 5x weight on the importance of gas [Table A], the 1% temporary drop in gasoline led to 6.1% downward “seasonally adjusted” price pressure.

All of that said, and with the heavy weighting of the gasoline prices considered, the net inflation results barely moved from March (8.5%) to April (8.3%). I modified Table-A to take out the noise.  You can see the downward pressure from gasoline and simultaneously the upward price pressure from food, specifically food at home.

This outcome is a reflection of what we have been seeing in the supermarkets and grocery stores.

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The employment news has everyone confused.  The Bureau of Labor and Statistics (BLS) reports today 428,000 jobs were added [DATA HERE] which is good.  We want to see people getting back to work.  However, simultaneously the number of people employed dropped by 363,000 and the labor participation rate dropped from 62.4 last month to 62.2 this month [Table A, DATA].  The unemployment rate remains unchanged at 3.6 percent.

That wildly conflicting set of data has led to a seriously frantic discussion about what is going on.  Here’s my take….  The majority of the irreconcilable data can be reconciled on this one basic Main Street employment scenario that is never tracked, people are job jumping.

Inflation is crushing main street workers at an astounding pace.  Housing, energy, gas and food prices -all the unavoidable stuff- are hitting blue collar workers the hardest.

However, in reality the key businesses inside the sectors with the most rapid employment gains, Leisure and Hospitality, are the last to raise prices.

Generally those jobs fall under the category of service workers.  The leisure and hospitality sector gained 78,000 jobs last month.

What we are seeing in the sporadic data is wage growth being driven in majority by increased entry wages on the hiring end of the employment relationship.

Because inflation is hitting so hard, so high and so quickly; and because businesses are slower to respond to the wage needs of current payroll staff; people are quitting one employer to take a linear job at another employer at a higher entry wage.   This is the fastest way to get a raise. This is job jumping.

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The White House has announced {SEE HERE} that Karine Jean-Pierre will replace Jen Psaki as chief narrative engineer for the Biden regime effective May 13, 2022.  Anita Dunn will return as media fixer.

[White House Press Release] – Today, President Biden announced Karine Jean-Pierre has been promoted to be Assistant to the President and White House Press Secretary. Karine will step into the Press Secretary role replacing Jen Psaki, who will depart from the White House on May 13.

Statement from President Biden: “I am proud to announce that Karine Jean-Pierre will serve as the next White House Press Secretary.

“Karine not only brings the experience, talent and integrity needed for this difficult job, but she will continue to lead the way in communicating about the work of the Biden-Harris Administration on behalf of the American people. Jill and I have known and respected Karine a long time and she will be a strong voice speaking for me and this Administration. (read more)

Additionally, the White House has announced Anita Dunn will return to the JoeBama administration as senior advisor.  Dunn’s specific expertise is using pressure, blackmail and political leverage to control information distribution by media organizations.

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CTH puts released economic data into ‘what does it mean‘ terms as a conversational priority.  The Bureau of Labor and Statistics (BLS) releases the first quarter productivity and costs report today [BLS Data Here].

Outputs, what was created, dropped 2.4 percent, yet labor hours used to create those outputs increased 5.5 percent.   This creates a productivity drop of 7.5% for the overall business.  The largest quarterly drop in productivity since 1947.

This is a warning indicator inside the economy to employees of large organizations.  CTH has been tracking productivity for quite a while, and the signs have all looked foreboding. {Go Deep}   Businesses cannot afford to keep employees on payroll if customer demand drops.

The per unit labor cost to make the products has increased 11.6%.   Wages have gone up 3.2% (pay increases) and productivity has dropped 7.5%, combined that creates the 11.6% increase in per unit cost to producers.

I have often used the example of making bread {Go Deep}.  If you are making 10 loaves of bread, there is a set amount of cost associated with each loaf created.  The total cost of each loaf is the total cost to produce the entire batch divided by ten.

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CNN conducted another poll to evaluate voter trends [pdf data here].  The results show a significant drop in American opinion of the economy with 77% rating the current status as “poor,” and 23% saying it’s “good.”  Additionally, 66% of people polled disapprove of the way Biden is handling the economy.

As CNN painfully noted: “Even within the Democratic Party, just 7 in 10 approve of Biden on the economy (71%) and helping the middle class (71%), considerably lower than the 86% of Democrats who approve of his performance overall. Fewer than half of Democrats say Biden has improved the nation’s economic standing (45%), down from 58% in December.” (article link)

In the video discussion, CNN Political Director David Chalian is just gobsmacked, stunned and amazed that 63% of these people are saying they are buying fewer groceries because stuff is just too expensive. WATCH:

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Whenever voters put democrats in charge of the economy, it just sucks.

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