National Grid and Eversource are the two major electricity providers for Massachusetts. Both companies have notified the Department of Public Utilities (DPU) that rates for electricity are about to skyrocket.

National Grid has announced a 64% increase in electricity rates effective November 1st. While Eversource is on a different schedule, they too have announced an increase in natural gas rates of 38% on November 1st and the January 1, 2023, electricity rate will be announced in the next few weeks. Eversource is anticipated to announce a similar rate increase to National Grid. WATCH:

Both major power companies rely on natural gas to create electricity.  Thanks to Joe Biden’s energy policies, which includes the massive export of natural gas in LNG form, domestic prices for natural gas have skyrocketed and will continue increasing as production is further shut down by regulation.

We are helping the EU survive their sanction driven energy crisis by sending them natural gas (LNG format), while simultaneously forcing Americans to pay more in order to maintain the EU export.   Everything about the process is FUBAR.

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For those who have followed the deep weeds of republican political games and schemes, the DeSantis flights from Texas to Martha’s Vineyard had a specific familiarity to them.

The transfer of Venezuelan migrants, illegal alien border crossers, from Texas to Massachusetts via Florida taxpayers and Ron DeSantis was/is, well, something republican strategist Lee Atwater would have come up with.  The protege’ to Atwater is a person more familiar to modern republican followers, Karl Rove.  Yes, the migrant transfer operation held all the political benefits of something very Rovian in its construct.

Take an issue like border security, central to the majority of republicans, add an element of targeted benefit and overlay an establishment playbook carried out by shadow constructs giving plausible deniability to the central planners in the backroom, and you get this type of operation.  However, there’s always a risk of taking things just too far and losing control.  An investigative article in the Miami Herald today has the elements of a looming backlash that needs to be avoided by the principle.

The Miami Herald is a notoriously left-wing super narrative machine, but when it comes to using their investigative resources to target a vulnerability in their opposition, they are akin to the New York Times in the sharpness of their attack.   If the story as outlined in the Miami Herald is even remotely accurate, the thirsty people behind DeSantis may have just set themselves up for a problem and created an ‘own goal‘ scenario.

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With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

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A California judge is allowing a black entertainment group led by Byron Allen to continue their lawsuit against McDonalds for not spending enough money advertising with the network.   The lawsuit alleges that McDonalds does not give enough of their advertising budget to black entertainment, therefore McDonalds is racist.

Byron Allen is suing McDonalds for $10 billion, demanding reparations from the fast-food chain for not spending enough advertising with his company.

There’s gold underneath those arches.  On its face this looks like the extortion business model of Al Sharpton dressed up in corporate media suits.  It will be interesting to watch how this unfolds.

Sept 20 (Reuters) – McDonald’s Corp has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of “racial stereotyping” by not advertising with Black-owned media.

In a decision on Friday, U.S. District Judge Fernando Olguin in Los Angeles said Allen could try to prove that McDonald’s violated federal and California civil rights laws by deeming his networks ineligible for the “vast majority” of its advertising dollars.

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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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On August 8, 2022, the FBI conducted a raid on President Trump’s home in Mar-a-Lago.  Tonight, Sean Hannity invited President Trump on to his television show so the former President could listen to him talk about it. WATCH:

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President Trump also discussed the New York AG civil lawsuit against him and his family.

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The 11th Circuit Court of Appeals has ruled in favor of the U.S. Dept of Justice, National Security Division, and blocked the lower court order instructing the Special Master to review the DOJ claimed, “classified documents.” [pdf Ruling Here]

Essentially the order of the appellate court is based on the DOJ calling the material “classified” and “vital to national security”, and the court’s determination they have no authority to question the decision of the executive branch when it comes to matters of national security.

The court (judicial branch) openly states they defer to the DOJ (executive branch) as to any/all claims of harm to national security that may be caused by a review of documents the DOJ-NSD determine, on their own authority, to be identified as classified (sensitive, secret or top-secret).

Therefore, if the DOJ states sharing the “classified documents” with a special master may harm national security, the court must accept that position without challenge.

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Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase.  Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.

While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods.  The Great Pretending continues. WATCH:

The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies.  Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption.  (more…)

The king of manipulating Wall Street shorts is Citadel founder Ken Griffin.

The Wall Street hedge fund billionaire has made most of his money betting against Main Street stocks and then manipulating their downfall to reap the rewards.

Griffin is despised by small investors, especially the Reddit WallStreetBets group who went head-to-head against the titan in the Gamestop and Robinhood story {backstory}.  Recently Griffin moved his financial HQ from Chicago to Miami after giving Florida governor Ron DeSantis $10 million for his reelection effort.

Bloomberg News reported earlier today that Ken Griffin has said he is open to taking the position of U.S. Treasury Secretary after he is successful installing Ron DeSantis as the 2024 presidential winner.

[New York] – […] Griffin also revealed that he would be open to serving as Treasury secretary in a Ron DeSantis administration if the GOP governor of Florida decides to make a bid for the White House in 2024.

He told Bloomberg that he “will definitely be involved in the presidential race” and that he would consider moving to Washington, DC, if called upon to do so by a Republican president. (link)

There are trillions at stake…

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