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Steve Mnuchin is Not Pretending, States U.S. Economy is Already in Recession

A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did.  Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team.  He already had a full bank account and carried ‘f**k-off’ money.   That, combined with Wilbur Ross having the same ability, was exactly what we needed to execute the America-First MAGAnomic resurgence.

The U.S. middle-class saw and felt the benefits.  Economic security is national security, at a nationwide and even individual level.  Mnuchin, Ross and Lighthizer constructed that economic outcome guided by the larger strategy of President Donald J Trump.

RIYADH, Oct 26 (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.”

“I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period,” he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East’s economic issues need to be dealt with regionally. (link)

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Biden Created a Secret Deal with Saudi Arabia to Lower Gasoline Prices Ahead of Midterm Election, Leading to Anger Over White House Feeling Double-Crossed

The extreme vitriol against the recent OPEC+ decision to cut oil output, specifically the extreme Biden anger toward Saudi Arabia, now takes on additional context as the New York Times writes about a secretly negotiated deal between the Kingdom and White House officials that was never executed.

As the Times reveals, over the summer the White House thought their team had negotiated a deal with Saudi Arabia for increased oil production that would have lowered oil and gasoline costs in the U.S, strategically timed before the midterm election.

With that agreement in mind, Joe Biden went to Saudi Arabia a few months ago. However, as the western alliance began putting more pressure on Russia and increased the activity within Ukraine, the Saudi’s aligned with OPEC+ to support Russia via lowered oil outputs.  The White House felt double-crossed, hence the fury.

(New York Times) –  WASHINGTON — As President Biden was planning a politically risky trip to Saudi Arabia this summer, his top aides thought they had struck a secret deal to boost oil production through the end of the year — an arrangement that could have helped justify breaking a campaign pledge to shun the kingdom and its crown prince.  It didn’t work out that way.

Mr. Biden went through with the trip. But earlier this month, Saudi Arabia and Russia steered a group of oil-producing countries in voting to slash oil production by two million barrels per day, the opposite of the outcome the administration thought it had secured as the Democratic Party struggles to deal with inflation and high gas prices heading into the November elections.

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Arizona Governor Candidate Kari Lake Responds to Hypothetical Threat of NFL Superbowl Boycott for Securing the Border

During an Arizona media gubernatorial Q&A with Republican candidate Kari Lake, the pundit asked Mrs. Lake about hypothetical backlash from the NFL toward her campaign promise to secure the border.

The continually impressive Kari Lake handled the question forthrightly. WATCH:

The full question and answer session is below.

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The Pennsylvania Senate Debate Between John Fetterman and Mehmet Oz

The media owe an apology to the NBC journalist they attacked for saying John Fetterman struggles to understand issues, questions and communication during conversation.  The awkward and often cringeworthy responses by Fetterman during the Pennsylvania Senate debate with Mehmet Oz, proved there are some serious mental issues with the former stroke victim, John Fetterman.

In this representative exchange over the topic of fracking, you get a feel for just how incapable Fetterman is to articulate a position.  The entire debate was filled with moments like this.  To his credit Oz handled the debate with seriousness and did not highlight his opponents’ issues.  He didn’t need to. The impairment was visible to everyone. WATCH:

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I’m sorry, but just no.  I’m not even comfortable criticizing the substance of the debate.  What kind of family would let someone they care about put themselves through this and not intervene.  John Fetterman should be in therapeutic rehab, not under the stress of a senate campaign.  It’s beyond awkward; it’s sad and horrible to watch.

The full debate is below:

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Bidenomics – Home Values Continue Dropping Quickly, Especially on West Coast – Meanwhile Rents Continue Increasing

As inflation bites the working-class hard, U.S. household savings rates continue dropping fast.  When combined with drops in home values the loss in home equity compounds the issue.  American families are getting poorer much more quickly under Joe Biden’s economic policies.

According to the Wall Street Journal home values dropped in August at their highest monthly rate of decrease since 2011 {link}.  In part this is driven by higher mortgage rates which are pricing home buyers out of the market.  However, the regional impact is worse on the west coast than east or southeast.

[…] The housing market has slowed abruptly this year due to a rapid increase in mortgage rates, which has raised borrowing costs for home buyers and pushed many prospective buyers out of the market. Existing-home sales fell for eight straight months through September. (link)

As noted in The Daily Mail review of a similar analysis: “It’s Northern California that leads the way, with San Jose experiencing a drop of 10.8 percent since September, followed by San Francisco at 8.5 percent, then it’s Seattle at 8.2 percent, Denver at 5.8 percent, San Diego 5.2 percent, Portland 5.1 percent, Las Vegas 4.8 percent and Phoenix at 4.4 percent.” (link)

What we are seeing is a confluence of events, generally brought about by the outcomes of larger Biden administration policy.  Massive increases in energy costs are the result of energy policy; those increases are fueling inflation from the supply side on food, fuel, electricity, home heating etc.  Simultaneously, Fed monetary policy is driving consumer demand down.  The recession debate continues amid the economic think-tanks while Main Street outcomes show we have been in a recessionary period all year.

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New York Supreme Court Orders Reinstatement of Employees Fired Over Vaccine Status with Back Pay

The New York Supreme Court has ordered reinstatement for all employees fired over their nonvaccinated status and ordered back pay for those who were unlawfully terminated from employment [Full pdf Ruling Here].

The state supreme court found that being vaccinated does not stop the spread of COVID-19, saying the vaccine mandate and firing of the non-compliant employees was “arbitrary and capricious.”  This is a strong rebuke to the totalitarian fiats created by state leaders including the state governor, mayor of New York City and health commissioner.

(SOURCE)

NEW YORKThe New York state Supreme Court has reinstated all employees who were fired for not being vaccinated, ordering back pay and saying their rights had been violated.

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Governor Ron DeSantis Easily Won His Debate, Yet Flubbed The Most Predictable Question

Florida Governor Ron DeSantis and the lying liar who lies, Charlie Crist, held their one and only debate last night.  Of all the gubernatorial debates so far, this one was probably the best.  Thankfully, DeSantis won the debate on substance because Crist just sucks. However, DeSantis flubbed the most predictable question that was asked.

Every Floridian should vote for DeSantis, because Crist is just an unbearable alternative. That said, the insufferable Charlie Crist asked Governor DeSantis to commit to a four-year term in office and promise the Florida voters he would not abandon his state to run for the GOP nomination in 2024; effectively making DeSantis only a six-month reelected governor because national campaigning will start in June 2023.

It is true, the question should have come from the moderator, because it’s a transparently obvious and predictable question.  However, regardless of who actually asked it, the non-response from Governor DeSantis was telling.  WATCH (just first minute):

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A few things about that non-response are remarkable.

First, even a middle school debate coach would have known that question was likely in the debate.  The fact that DeSantis did not have a well-rehearsed and prepared canned answer to the question is a reflection of stunningly poor debate prep.

Second, the evasive and non-truthful answer he did give, totally avoiding the question, shows the incredible weakness within a candidate that is a specific outcome of a lack of honesty.  That response is also reflective of why Donald Trump wins every debate.  Trump wields truth as an effective weapon.

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MAGA Inc Super PAC Spends $9 Million For Support of Senate MAGA Candidates

Newsmax is no longer a good MAGA outlet. However, that said, Alina Habba, Esq, attorney to Donald Trump and spokesperson for the MAGA, Inc. Super PAC provides information on the recent $9 million midterm election spend to support senate candidates.

I find it a little funny how the RNC insiders gripe and complain that Donald Trump and the MAGA vote base do not spend more money on RNC approved candidates. Actually, I cannot remember a time before when an individual politician was required to fund the party slate, simultaneous to the party insiders supporting candidates who attack the individual candidate and MAGA base voters.  Then again, it’s all part of the internal MAGA fight for control over the RNC apparatus.  WATCH:

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Nigel Farage Gives His Perspective on New U.K Prime Minister Rishi Sunak

As expected, the poster boy for the World Economic Forum’s climate change agenda, Rishi Sunak, has been selected and installed by the British Conservative Party to be the U.K Prime Minister.

Earlier today, U.K. Brexit leader Nigel Farage gave his opinion.  WATCH:

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Media is Backing Away from Arizona’s Democrat “Valley Girl” Candidate Katie Hobbs

National media are backing away slowly from Arizona Democrat gubernatorial candidate Katie Hobbs, using her refusal to debate Republican candidate Kari Lake as the justification.  However, the reality behind the slow exit appears related more to the sheer “valley girl” ineptitude, than the debate decision.  Hobbs is a terrible candidate.

Despite her current role as Arizona Secretary of State, you only need to watch her efforts to present herself to an audience, any audience, to see the construct of a progressive political candidate who has no qualifications to run a state office.  More exposure only highlights the ineptitude.

A good example of the media’s current slow-exit position is represented in this exchange on ABC’s Good Morning America.  WATCH:

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If the Arizona election is a fair and honest election, Kari Lake should easily defeat Katie Hobbs.  Only the most die-hard progressive moonbat could consider Hobbs a qualified candidate for governor.  She’s really that bad.  Arizona Republicans, Independents and the remaining few intellectually honest Democrats need to ensure Vally Girl Hobbs does not achieve higher office.

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