Y’all saw this coming months ago.  The Biden administration is now considering sending taxpayer funded “gas cards” to taxpayers who cannot afford the gasoline prices created by the Biden administration energy policy.  Yes, murica’ it’s a circle of stupid.

WASHINGTON – […] Biden officials are taking a second look at whether the federal government could send rebate cards out to millions of American drivers to help them pay at gas stations — an idea they examined months ago before ruling it out. Aides had found that shortages in the U.S. chip industry would make it hard to produce enough rebate cards, two people familiar with the matter said. White House officials also fear there would be no way to prevent consumers from using them for purchases other than gasoline, according to another person familiar with the discussions.

[…] Biden aides have also looked in recent days at invoking the Defense Production Act to move diesel and other refined products should localized shortages materialize, two people familiar with the matter said.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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There have been several videos on social media about a significant loss of cattle in Kansas due to extreme heat.  During a segment on his broadcast tonight, Tucker Carlson interviews cattleman Steve Stratford about the circumstances and the potential impact to the U.S. beef supply.  WATCH:

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Project Veritas has published another recording of an internal Twitter all hands meeting wherein Elon Musk addressed thousands of employees for the first time since news broke of his plans to acquire the company. On the call, Musk described his affinity for Twitter and said the platform was best for “getting a message out” but noted that he was concerned about the platform as it currently stands, reiterating previous statements he’s made about bots, spam, and censorship.

“I think it’s essential to have free speech,” Musk said in response to a question about his highly publicized goal to bring free speech to the platform. When pressed about what that might mean in the context of animal abuse, sexual content and offensive tweets, Musk maintained his stance. “I think there’s also, there’s freedom of speech and freedom of breach, so I think people should be allowed to say … pretty outrageous things that are within the balance, the law, but, but then they don’t, you know, get amplified,” Musk added.  WATCH:

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Western sanctions against Russia have been used primarily to obfuscate the cause of western inflation and keep the citizen pitchforks from reaching various government offices.  So far, the strategy -assisted by western media- has been mostly successful.

However, the International Energy Agency (IEA) is reporting that despite the western sanctions against Russia, the Russian energy sector is having no trouble finding customers for its oil sales.  With global oil prices at their highest rates in years, in part driven by the energy policy of the same western leaders who triggered the sanctions, Russia is getting just as much economic benefit as it was before the sanctions regime was triggered.

(EU FINANCE) – Russia continued to rake in oil revenues in May despite a global boycott from companies and most countries following its invasion of Ukraine, a new report has shown.

The International Energy Agency (IEA) said the Kremlin’s oil-export revenues surged to around $20bn last month, an 11% increase from the month before, despite shipping lower volumes.

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We have been waiting for the non-essential durable goods side of the manufacturing sector to start showing evidence of demand side contraction in consumer purchases.  There have been subtle sector-by-sector indicators of consumer spending shifts for several months; however, today we get the direct evidence from Samsung.

Samsung is one of the leading manufacturers of consumer electronics and products that require chips.  For three months the electronics sector has shown background signals that inventory was not moving.  One of the more recent indicators of a demand side contraction was the lack of upward price pressure inside the electronics sector.  Essentially, consumers are not purchasing the current inventory, so prices are actually dropping in this segment.  [SEE TABLE 2, CPI Chart]:

Despite overall inflation of 8.6% within the CPI, deep inside the category indexes you will note that electronic prices are actually dropping.  Televisions -9.5%, Video equipment -4.3%, etc.  Video and audio products overall dropped in price 1.4% for May, and dropped 5.2% year-over-year.

The supply chain in this sector is lengthy. Meaning inventory builds slowly as consumers stop purchasing in the USA.  Retail store inventory turns slow, store inventory climbs, then warehouses inventories climb as stores do not need product. The negative boxcar effect travels back to the manufacturer overseas over the course of several purchase cycles.  Eventually, everyone within the sector is telling the supplier we do not need product.  Then the manufacturer has to quickly slowdown raw material.

Due to lengthy supply chains, including trans-pacific shipments, the process to stop deliveries in this electronic goods sector is around 90-days before the drop in retail sales reaches the manufacturer to stop production.  Here is the announcement from Samsung:

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

(more…)

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

(more…)

The people controlling policy behind the Biden administration do not care about polling or political consequence.  Biden is the one-term disposable tool for their collective effort to fundamentally change the United States.  They have a singular focus on pushing the most destructive and consequential Green New Deal policy regardless of collateral damage.  For them, using Joe Biden is a one-way ticket.

That said, none of the current political officeholders within the Democrat apparatus are going to escape the blast radius from this chaos.  CNN runs a segment asking the question, how bad is the damage going to be from the Joe Biden economic policy?  WATCH (90 secs):

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