Bidenomics for you
Build Back Pricier: Business Inflation Expectations Stuck at Record High
Breitbart summarizes the situation that not even the main stream press can deny: Biden policies have created inflation that is stuck at a record high.
A key signal of future inflation has settled in at a highly elevated rate, a development that should jolt the Federal Reserve out of its confidence that the recent inflation surge will fade soon.
A survey of business conducted by the Federal Reserve Bank of Atlanta found that the median expectation for inflation 12 months from now remained at 3.1 percent for the second straight month. That is the highest reading detected in the nearly 10-year-old survey.
It is well above the two percent inflation rate that the Fed says it targeting. Last year, the Fed changed its approach after years of consistently undershooting the target. Now the Fed says it hopes to achieve an average of two percent over time, an indication that it will allow inflation to run over the target for some time to balance out the earlier bouts of low inflation.
Fed officials tend to believe that inflation expectations can become self-fulfilling prophecies, powerfully influencing the path of future inflation by changing the behavior of businesses and consumers.
In the decade prior to the pandemic, businesses expected around 1.9 inflation on average. This year the average has been 2.7 percent and has been climbing most months.
In theory, businesses attempt to set prices based on what they expect inflation to be in the future. Businesses see prices rising for both themselves and their competitors and conclude that rising inflation gives them room to raise prices and raise wages.
In a speech yesterday, Atlanta Fed President Raphael Bostic said that persistently high inflation risked pushing up inflation expectations, a process Fed officials refer to as “unanchoring.”
“Up to now, indicators do not suggest that long-run inflation expectations are dangerously untethered,” Bostic said in a speech to the Peterson Institute for International Economics. “But the episodic pressures could grind on long enough to unanchor expectations.”
(Read more at Breitbart for push back from the federal economists)
If I had not seen it, I would not believe that a regime could screw up this royally in such a short time
On one hand, it takes years to screw things up this badly.
However, we have discussed the carry-over from the Obama regime to the Biden regime (thence, these problems may have been cooking for eight years and simmering for four prior to Biden).
And more Bidenomics for you
Heating Bills Set to Soar as Inflation Hits Energy Prices
Breitbart hits another topic that the main stream press can deny: Biden energy policies have created a special breed of inflation.
Get ready to pay sharply higher bills for heating this winter, along with seemingly everything else.
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
The sharpest increases are likely for homes that use propane, which account for only 5% of U.S. households, but others are also likely to see big increases.
Homes that use natural gas, which make up nearly half of all U.S. households, may spend $746 this winter, 30% more than a year ago. That could make this winter’s heating bills the highest for them since the winter of 2008-2009.
The second-most typical heating source for homes is electricity, making up 41% of the country, and those households could see a more modest 6% increase to $1,268. Homes using heating oil, which make up 4% of the country, could see a 43% increase — more than $500 — to $1,734.
This winter is forecast to be slightly colder across the country than last year. That means people will likely be burning even more fuel to keep warm, on top of paying more for each bit of it. If the winter ends up being even colder than forecast, heating bills could be higher than estimated, and vice-versa.
The forecast from the U.S. Energy Information Administration is the latest reminder of the higher inflation ripping across the global economy. Earlier Wednesday, the government released a separate report showing that prices were 5.4% higher for U.S. consumers in September than a year ago. That’s the hottest inflation since 2008, as a reawakening economy and snarled supply chains push up prices for everything from cars to groceries.
(Read more at Breitbart to see the widespread nature of the problem)
This hike in heating bills really burns, since it was the solar and wind power that failed spectacularly during the freeze last February
With Biden pushing the Green New Deal so heavily, we can look forward to repeats of the 2021 February freeze. However, due to Dementia Joe, we can also look forward to paying much more for the privilege of freezing while the windmills don’t work due to freezing conditions and stilled winds. Likewise, we can look forward to having solar panels not work at night, under cloud cover, and under blankets of snow.
Some Bidenomics concerns the number of illegal aliens you will support with tax dollars and compete against in the labor market
Catch and release at the border
Townhall discusses the numbers of illegal aliens released by the Biden regime since they assumed power.
New documents leaked to Fox News show how far the policy of “catch and release” has gone under the Biden administration during the ongoing crisis at the U.S.-Mexico border.
Up to 160,000 illegal immigrants have been released into the U.S., with little to no supervision, by the Biden administration since March – including a broad use of limited parole authorities to make more than 30,000 eligible for work permits since August.
Since March 20, at least 94,570 illegal immigrants have been released into the U.S. with Notices to Report, which means they only report to a local Immigration and Customs office once they reach their final destination, but there is no way to track those who are released if they decide to not show up.
Customs and Border Protection did not deny the validity of the documents.
(Read more at Townhall)
These numbers only include those who were caught and those who Biden wanted to count
Consider that only about half (or less) of the illegal aliens who crossed the border turned themselves in. The rest may have previous warrants for their arrest, may be wanted in other countries, may be terrorists, or may be involved in criminal enterprises.
Out of those that did turn themselves in, the Biden regime may make a point of not correctly counting the numbers released due to the resulting public relations problems that may ensue with the voters. Therefore, just as with the overcounts attributed to the COVID death count, there may be vast undercounts here.
Bidenomics for work
Documents Show Biden Regime Opening Border and Handing Out Work Permits
Newsmax quotes documents showing how Biden officials opened the border and handed out work permits.
Border Patrol documents show at least 160,000 illegal immigrants have been released into the country under the Biden administration with little oversight, monitoring, or risk for deportation — and have even been granted a level of legal status through temporary work permits — according to a new report.
Of particular concern to former Border Patrol Chief Rodney Scott is that the documents show an abuse of the Biden administration’s parole authority, which can be used to grant work permits to illegal immigrants.
“By law and regulation, a parole shall only be granted on a case-by-case basis and only for significant humanitarian reasons or significant public benefit,” Scott told Fox News after reviewing the documents. “Neither of these appear to apply to the current situation.”
Documents obtained by Fox News show the administration has used parole authorities to grant nearly 32,000 work permits since August.
“As a field chief, I don’t believe I ever approved more than 5 or 10 paroles in a year,” Scott, who was forced out of his role earlier this summer by the Biden administration, told Fox News. “When I did, I ensured that the alien was monitored continuously and was detained or removed as soon as the circumstances allowed.”
The documents also show 94,570 illegal immigrants have been released into the country with Notices to Report, which would require a migrant to check in with Immigration and Customs Enforcement when they resettle into the U.S., according to the report.
(Read more at Newsmax)
This kills the manual workers of the American middle class
Not that Biden and Bloomberg care, but the American manual workers in the middle class — the successful plumbers, electricians, builders, and other trades — find themselves crushed under the boot of Biden’s border policy.
However, this should not come as news, since Democrat-backer George Soros short-sold the pound sterling in order to make his money. It might seem that the same might be in the works with America, if you look at the glee related in a Bloomberg article on their opinion that America needs more and longer inflation.
Bidenomics at the grocery store
Supply Chain: We’re Running Out of Food – Thanks to Biden
Heartland Daily News shows how a number of grocery stores have regularly been running out of certain essentials due to Biden policies.
Much discussed – and rightly so – is the Joe Biden-made disaster that is our frozen supply chain.
Supply Chain Shortages Are Blocking Multiple Industries
We are a very large geographical country – with 330+ million people contained herein. We require lots of stuff to get by day-to-day.
To service this landmass of humanity, we have developed a very intricate, interworking web of boats and planes, trucks and trains, cars, and even bikes and bicycles to get things to people who need or want them. This is the supply chain.
It is a marvel of free-market, private-sector ingenuity. But when we have a President this opposed to free market, private sector ingenuity – things rapidly grind to a halt.
About which we warned in August 2020….
Biden’s ‘Build Back Never’: His Endless Government Assaults Will Make Building America Impossible
Every aspect of our supply chain is now under attack.
The chain requires lots and lots of oil and gasoline. Biden’s government is assaulting every aspect of their extraction, processing, and delivery.
The chain requires lots of people working to ensure everything is delivered – The Chain Gang if you will. Biden’s government is paying people quite generously to do nothing – so why would they look to get paid to do something?
And lots of people who are willing to work – but not willing to subject themselves to experimental, highly problematic, and ineffectual vaccines for a virus with a 99+% survival rate? Biden’s government is forcing them out of work by the millions.
The chain is being damaged – way up the technology ladder. We are suffering a massive semiconductor chip shortage. This means the government is going to allegedly spend trillions of dollars on infrastructure, but won’t actually be able to upgrade or update a whole lot of the infrastructure or the machines to repair or build the infrastructure.
Biden’s government is hyper-regulating everyone and everything.
He is eviscerating the value of our money – causing everything to artificially cost more and more, as we make less and less.
And he is looking to dramatically increase taxes on the companies that make the supply chain work.
The chain can only take so much government sand – before the gears grind to a halt. And here we are.
But fear not – Biden’s on the case…in his way. Get this:
‘There Will Be Things You Can’t Get’: White House Gives Dire Holiday Warning Over Supply Chain Bottleneck
By “on the case?” We mean he’s saying a problem he’s caused that we’ve had for months – may start to be a problem in a few months.
Hey Clueless Joe – where have you been?
Supply Chain Issues, Labor Shortage Blamed for Resurgence of Empty Shelves Nationwide
Inflation and Supply Shortages Mean A Return of Empty Shelves
Actual Modern Infrastructure Problem: A Lack of Domestic Semiconductor Production
Some of the things of which we are short in this government-induced pinch – we can wait on a bit. It’s awful for the people who design, manufacture, deliver and sell these things – but the broader population can do without for a little while.
PS5, Xbox Series X Supply Shortages Could Last Until 2023
The Chip Shortage Is Driving Up Tech Prices – Starting With TVs
Of course, a lot of the things of which we are short – are life staples.
Supply Chain Impacts What Happened to All the Toilet Paper?
And nothing is a bigger life staple – than food. Uh oh….
Grocery Store Shelves to Be Bare: Brace Yourself:
“The ongoing global supply chain disruption is becoming a bona fide crisis. Already, strains on the supply chain are prompting many of the nation’s biggest food manufacturers to give a heads up to giant grocery store chains that they are going to have trouble keeping up with demand….
“Basics…are, in all likelihood, going to be hard to come by….”
We’ve warned for many years that the government’s serial mass abuse of our farmers and ranchers has created a highly tenuous food supply chain situation.
(Read more about the expanding food distribution problem at Heartland Daily News)
While this might seem disturbing, it doe not surprise me
Nothing that the Biden clan has done since the initiation of his regime has resulted in success. Therefore, to see all of these harmful facets of supply chain mismanagement coming together for the Biden regime — how could that seem anything but normal for Biden?
Bidenomics for “the Big Guy”
Biden and Son Shared Bank Account
Newsmax details the sharing of a bank account between Joe and Hunter.
President Joe Biden and his son Hunter shared a bank account and paid each other’s bills out of it, the Daily Mail reported citing emails it says could ensnare the U.S. chief executive in an FBI investigation into possible money laundering by the younger Biden.
The publication says the emails were obtained from a laptop abandoned by Hunter Biden and were between himself and Eric Schwerin, his business partner at consultancy Rosemont Seneca.
The correspondence involved Schwerin’s work on Joe Biden’s taxes and include discussions about payment of each other’s household expenses, offers for a book contract to the then-vice president, and the donation of the elder Biden’s Senate documents to the University of Delaware.
The Daily Mail quoted a former federal prosecutor, whom it did not identify, as saying that if Hunter and Joe Biden shared assets, both could become a target of an investigation. Hunter Biden admitted in December that he was aware that federal officials were examining his “tax affairs.”
“Whatever transaction you’re looking at, if there’s a connection to a family member or a friend, sure the answer is yes [they would be investigated],’ the unidentified former prosecutor told the publication. “Obviously, if you’re talking about the president of the United States, you’d better have a pretty damn good reason to talk to that person.”
Reports last year disclosed that the FBI had labeled documents of its investigation of Hunter Biden’s purported laptop with a “272D-BA-3065729″ designation, indicating “money laundering.”
Before the presidential election, many outlets ignored the laptop revelation as reported by the New York Post. That included NPR, which declared it didn’t want to “waste our time on satires that are not really stories.”
More recently, however, a few outlets have begun to consider the laptop computer genuine.
If Joe Biden were not president, he likely would already be under strict scrutiny, the Daily Mail quoted John Cassara as saying. He’s a former U.S. intelligence officer and treasury special agent and expert in money laundering investigations.
“The information available publicly is very worrisome, particularly in the areas of corruption,’ Cassara said. “They could go at this from all different avenues. Follow the corruption trail and then charge money laundering.
“Corruption is a predicate offense for money laundering. And besides corruption, it’s the perception of corruption.
(Read more at Newsmax)
If they shared a checking account, then “the Big Guy” paid for Hunter’s crack and prostitute binges
Although I know that this has a snowball’s chance in hell of being investigated as long as “the Big Guy” remains in the Oval Office, it would be nice to see obviously guilty parties being held responsible. Additionally, since police departments have used forfeiture as a weapon against criminal enterprises, it would be nice to see the Biden estates being put on the chopping block.
Bidenomics in Zuckerbucks
Zuckerberg spent $419 million on nonprofits ahead of 2020 election — and got out the Democrat vote
The New York Post outlines in fair detail how Facebook’s Mark Zuckerberg paid for the Biden takeover.
During the 2020 election, Facebook CEO Mark Zuckerberg spent hundreds of millions of dollars to turn out likely Democratic voters. But this wasn’t traditional political spending. He funded a targeted, private takeover of government election operations by nominally nonpartisan — but demonstrably ideological — nonprofit organizations.
Analysis conducted by our team demonstrates this money significantly increased Joe Biden’s vote margin in key swing states. In places like Georgia, where Biden won by 12,000 votes, and Arizona, where he won by 10,000, the spending likely put him over the top.
This unprecedented merger of public election offices with private resources and personnel is an acute threat to our republic and should be the focus of electoral reform efforts moving forward.
The 2020 election wasn’t stolen — it was likely bought by one of the world’s wealthiest and most powerful men pouring his money through legal loopholes.
The Center for Technology and Civic Life (CTCL) and the Center for Election Innovation and Research (CEIR) passed a staggering $419.5 million of Zuckerberg’s money into local government elections offices, and it came with strings attached. Every CTCL and CEIR grant spelled out in great detail the conditions under which the grant money was to be used.
This is not a matter of Democrats outspending Republicans. Private funding of election administration was virtually unknown in the American political system before the 2020 election.
Big CTCL and CEIR money had nothing to do with traditional campaign finance, lobbying or other expenses that are related to increasingly expensive modern elections. It had to do with financing the infiltration of election offices at the city and county level by left-wing activists and using those offices as a platform to implement preferred administrative practices, voting methods and data-sharing agreements, as well as to launch intensive outreach campaigns in areas heavy with Democratic voters.
For instance, CTCL/CEIR funded self-described “vote navigators” in Wisconsin to “assist voters, potentially at their front doors, to answer questions, assist in ballot curing … and witness absentee ballot signatures,” and a temporary staffing agency affiliated with Stacey Abrams called Happy Faces counting the votes amid the election night chaos in Fulton County, Georgia.
(Read about drop boxes, staffing paid by Zuckerberg, and more at the New York Post)
Sadly, just about all of this is old news
One new thing that has popped up recently (but not necessarily in this article) is how Facebook wants to further censor conservative voices.
However, the news on Zuckerberg’s involvement with drop boxes, staffing contributions, and other involvement have been in the forefront for some time.
And now the graphic comics (as opposed to the ones that stroll the Capitol)
A boy speaks the truth
An idiot, a vampire, a witch, and a domestic terrorist
Crime up by COVID
Charlotte’s web 2021
One thing down
Sinking the supply chain
Social welfare for the flight