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.”
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 †
Tesla CEO Elon Musk was seemingly channeling his inner Galt during a video interview with Joanna Stern of the Wall Street Journal at the CEO Council Summit. Apparently Mr. Musk can see what’s on the other side of this spending horizon and doesn’t want to experience it. WATCH:
U.S. nonfarm productivity is a measure of economic activity within the engine of the U.S. economy. The U.S. productivity rate is a measure of how much value is produced by the economy through demand for the products and services, and the labor associated with the creation of those products and services.
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. However, if you have customers demanding 15 loaves of bread, you make more profit on the last five because it doesn’t cost 50% more in material or labor to make 50% more loaves.
Your productivity in the last five loaves is higher because the fixed costs of production (raw materials, energy) barely change, and the labor is only slightly higher. The opposite is also true. It costs more per loaf to make fewer than ten loaves because the fixed costs and your labor are pretty consistent, yet the finished value of 7 loaves is less than the finished value of ten.
Anecdotally, it has looked for quite some time that around May of this year the economy peaked, plateaued for a few weeks, and then began a slow downward progression. Today the Bureau of Labor statistics puts some revised data to that third quarter (July, August and Sept) economic activity {data here}. The quantified results align with what we sensed was taking place.
In the aftermath of the White House demanding that media pundits put a positive spin on economic news, the National Economic Council Chairman, Brian Deese, appears at the Brady Room podium today [Full Video Here] to put the finishing touches on their Potemkin village of economics.
The statistics cited by Deese were jaw dropping in the level of spin used to create them. First, the economic council cite their own national employment forecasts for economic recovery (under their ‘American Rescue Plan’), then celebrate they are ahead of schedule for a timeline they created.
When asked about inflation, Deese then proclaims he is not going to get into the business of economic predictions; which the media just accept without reminding him that his economic policies are entirely based on his own predictions… which he just cited in the prior moment of self-congratulation. Additionally, according to Deese (without any citation to demonstrate validity for his claim), the NEC Chairman says “real household income” is at its pre-pandemic level; which seems highly unlikely given the scale of inflation.
When asked if inflation will continue into next year, Deese refused to answer the question. Keep in mind, the discussion of inflation is a percentage of change from a previous price 12 months earlier. If an item doubles in price this year (from $2 to $4), and then goes up to $4.50 in the following year, you can claim that inflation is dramatically decreasing. However, that does not mean prices will ever return to the prior level, or that the next year price is any more affordable. WATCH:
The fact remains that White House energy, regulatory, fiscal and monetary policies are devastating for Main Street. All of those policies impact the domestic economy with increased costs from field to fork.
Cumulatively, all of the White House economic policies are increasing housing costs, transportation costs, medical costs, food costs, retail costs and service costs. At the same time, wages are only modestly rising to keep up with those massive cost increases. No amount of spin is going to stop the reality of the inflation storm from hitting U.S. consumers.
As we shared during the Obama-era baseline budget spending and deficit mess: “Half of something you just quadrupled is not less than you started with.”
Two Democrats joined with Republicans yesterday in passing a bill that would eliminate any federal vaccine mandate. It seems silly that Congress would have to pass a law saying the unlawful and unilateral act of the executive branch, which has been blocked by separate federal courts, is unlawful…. but that’s where we are.
Democrats Joe Manchin (West Va.) and Jon Tester (Montana) joined all the Republicans present in the 52-48 vote. The bill now goes to the House, where it is going to be put on ice by Nancy Pelosi in order to save Joe Biden from an embarrassing rebuke of his overreach. However, White House Press Secretary Jen Psaki was asked today if the House were to vote on the bill, would Joe Biden veto it.
The White House spokesperson affirmed that Joe Biden would veto any bill, created by the representatives of the people, that declared his authority null. WATCH:
UPDATE: Guilty on five of six counts for filing a false police report related to the hoax racist attack he claimed to suffer at the hands of two men in January 2019
According to numerous media reports, the jury in the Jussie Smollett fake hate crime case has reached a verdict.
The jury verdict is expected around 6:00pm EDT.
(LA Times) – […] The jury deliberated about eight hours Wednesday and Thursday after a roughly one-week trial in which two brothers testified that Smollett recruited them to fake the attack near his home in downtown Chicago in January 2019. They said Smollett orchestrated the hoax, telling them to put a noose around his neck and rough him up in view of a surveillance camera, and that he said he wanted video of the hoax made public via social media. (read more)
Yesterday, Rachael Rollins was confirmed by the Senate as Joe Biden’s selection to be the U.S. Attorney for Massachusetts {LINK}. Watch the former District Attorney Rachael Rollins previously respond to a local Boston media crew.
Watch what happened, and remember, this person is now the U.S. Attorney for Massachusetts:
https://youtu.be/5cfiCuKFVGc
The severe leftist disposition exhibited in that video was well known to the U.S. Senate prior to her confirmation hearings.
Texas Senator Ted Cruz highlighted and warned his peers about the danger that Mrs. Rollins’ worldview as district attorney represented if she was put into a position of significant authority. Arkansas Senator Tom Cotton also gave numerous warnings and for a time blocked the nomination.
Alas, eventually the Senate approved of Mrs. Rollins despite all the warnings. The Senate vote was a 50/50 tie. No Republicans voted to support Rachael Rollins, and Kamala Harris stepped in to break the tie.
This one minute segment from Anthony Fauci’s discussion with MSBNC journalist Andrea Mitchell is eye-opening and alarming. Within the interview, Dr. Fauci states that individual rights to medical autonomy must be *forcibly* removed by the state under the premise of a communal good. This is the exact mindset of the Fabian Socialists throughout history.
Dr. Fauci stated, “Free will. I respect that, but these are unusual times.” Pull your chair a little closer, and allow me to whisper in your ear: ‘There will always be unusual times.’
Historically, this type of communal outlook has been used as a talking point to justify some of the darkest times in world history. Politicians, eugenicists and some very disturbed world leaders with grand opinions of their own importance, have long espoused this same ideology. It is a twisted and sick worldview that eventually leads to the same repeated conclusion. WATCH [1 minute]:
The most sovereign of all human conditions is the right of an individual to be free. As soon as the state begins eroding the right of the individual, bad things start to happen. The communal mob is a fickle assembly who will always cull itself with ever-changing denominators of purity….
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.”