We can see no political scenario where the Bureau of Economic Analysis (BEA) will report a negative second quarter GDP number, despite the reality of a contracted economy.

A negative second quarter GDP would mean the Joe Biden economic policies have resulted in a recession.   Yes, the economy is contracting; and yes, the economy is in an actual recession.  However, it would be too politically damaging for the federal bureaucrats to quantify it accurately.

That being said, the Atlanta Fed is now calculating a negative 1% second quarter GDP result [DATA HERE]:

(Fed Reserve) – The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27. After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 2.7 percent and -8.1 percent, respectively, to 1.7 percent and -13.2 percent, respectively. (link)

CTH predicts the BEA is likely to generate a statistical report somewhere in the +0.5% range. Just enough positive GDP to avoid the literal definition of a recession.  The BEA report will be issued at the end of July and if they follow recent patterns, they will likely underestimate the inflation rate as well as under-calculate the import data.  (more…)

The Environmental Protect Agency (EPA) was attempting to restrict the energy production from coal-based power plants through a regulatory cap-and-trade scheme intended to limit the emissions from electricity plants. However, by a 6-3 vote the Supreme Court said today the Clean Air Act does not give the EPA broad authority to regulate greenhouse gas emissions from power plants. [pdf Ruling Here] The regulation -if any- must come from congress, not regulatory fiat from an executive agency.

New York Post – The Supreme Court rolled back the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants Thursday, dealing a massive blow to the Biden administration’s plans to fight climate change.

The 6-3 decision overturned a lower court ruling that gave the federal agency virtually unlimited regulatory powers through the Clean Air Act. […] Writing for the majority, Chief Justice John Roberts agreed with the states that “it is not plausible that Congress gave EPA the authority to adopt on its own such a regulatory scheme.”

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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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In his opening monologue tonight, Fox News host Tucker Carlson outlined a political list of DOJ and FBI targets over the past 18 months.  Some of these examples are probably forgotten; however, when you see the examples highlighted with a timeline it really does showcase how our system of government has been weaponized by a corrupt Dept of Justice and corrupt FBI.

The part where the political dissidents are outlined begins at 05:39 (prompted) WATCH:

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The U.S. Farm Bureau posts their calculated cost of the July 4th holiday food basket each year.  This year the Farm Bureau is estimating a cost of $69.68 for ten people, that is an increase of 17% from 2021. [DATA HERE]

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I’m not sure we could feed ten people for less than $70, but that’s the estimate from the Farm Bureau which aligns with the Consumer Price Index.  Full data below.

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In exactly 22 seconds during a late-night television appearance, Democrat Representative Alexandria Ocasio-Cortez showcased her lack of understanding how the United States government works.  Ms. AOC literally gets the construct of our government reversed.

According to AOC it is “the responsibility of the president and congress to put the Supreme Court in check.”

Exactly the opposite is true.

It is the literal role and responsibility of the Supreme Court to check the constitutional validity of the legislative and executive branch.   The supreme court exists, almost exclusively, to keep the president and congress in check.  WATCH:

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Ms. AOC could not be more wrong if she tried.  However, this is a great example of how basic civics are unknown to some of the people in congress.   Quite remarkable.

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Quid-pro-Joe.

In March of this year Finland President Sauli Niinistö traveled to the White House [link].  In April reports first surfaced of Finland and Sweden joining the NATO alliance [link].  In mid-May of this year President Sauli Niinistö stated his decision for his country to join NATO was a matter of needing to choose sides, “what we see now, Europe, the world, is more divided. There’s not very much room for ‘non-aligned,’ in-between. So that was also what we are thinking,” he said [link]

The next day, May 16th, Turkish President Recep Erdogan, a preexisting NATO member, said Turkey would block the application of Sweden and Finland from joining NATO until their conditions and terms were accepted [link].  Two days later, May 19th, Joe Biden, flanked by Finnish President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson (again at the White House), said the two countries would “make NATO stronger.” [link]

On Tuesday of this week Turkey removed their block of Sweden and Finland from joining NATO, and on Wednesday Joe Biden agreed to sell Turkey 40 Lockheed Martin-made F-16 fighters and nearly 80 modernization kits for its existing warplanes:

Newsmax – The Biden administration threw its support on Wednesday behind the potential sale of F-16 fighter jets to Turkey, a day after Ankara lifted a veto of NATO membership for Finland and Sweden.

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There is a slow-motion buildup to a hot war with Russia happening.  The NATO and western alliance motive for the war is clear {Go Deep}.  The question is rapidly moving from “if” to “when.”

In this outline we will update on the troop and military movements and then explain why the war with Russia is becoming a self-fulfilling prophecy.  In many ways this will be the “Climate Change War,” you will see why below.

First, the U.S. is moving troops from the 101st Airborne ‘screaming eagles’ into NATO allied countries on the western border of Ukraine.   This is the first deployment of the Army’s 101st Airborne Division from Fort Campbell, Kentucky, to Europe in 80 years.  As noted by base reporting, “Elements of 2nd Brigade Combat Team, and 101st Headquarters and Headquarters Battalion, 101st Airborne Division, have been assigned to carry out the mission.” [source]

“We’re going to check the Russian influence and we’re going to impact the Russians’ decision-making for probably the next 10-20 years,” said Col. John Lubas, deputy commanding officer for operations, 101st Airborne Division, in a pre-deployment briefing. “We’re going to do this with all our partners in NATO, the European Union and the West, and this is an incredibly important mission.” 

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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…)