Long-term CTH readers might remember in 2014 when President Obama claimed U.S. families had been paying too little for electricity for too long. As soon as Joe Biden took office, he began implementing the Green New Deal energy policy that, (a) directly forces higher costs for energy; and (b) is now creating massive problems.
In July I noted my own electricity bill had jumped 28% in a single month. That bill was followed by another almost identical increase this month. A review of the Consumer Price Index (CPI) for July [Data Here] shows that nationally the same thing is happening. The year-over-year electricity price has increased 15.2%. However, worse still, the July increase alone was 1.9%, which figures to an annualized rate of 22.8%.

When the growth rate of monthly increase is exceeding the year-over-year result, that means future higher prices are coming. This is a serious problem that cannot be overstated. Already struggling with a doubling of gas prices, massive food price increases at the grocery store and the pain of all costs for goods far outpacing any rate of wage increase, this type of uncontrollable increase in price of electricity is going to hit the middle class hard.
Steve Cortes calls this the backside of the Biden created inflation hurricane. The backside of a hurricane is the worst because it hits from the opposite direction upon already weakened infrastructure.
Today, Treasury Secretary Janet Yellen seemed to outline exactly that when she sent the IRS a memo instructing them to develop an action plan within six months for how to improve the technology needed to expand enforcement {
It is important to remember, the presidential records act –the presented pretext for the document conflict– is not a criminal statute. An FBI raid cannot be predicated on a document conflict between the National Archives and a former president.
Judge Bruce Reinhart was the former U.S. attorney in West Palm Beach who spent 12 years as a federal prosecutor, before leaving his position in order to defend a network of employees who operated the Jeffrey Epstein sex trafficking operation. First the background:

McDonalds has announced they are dropping their program testing plant-based meats because people didn’t like it.