Showing posts with the label economy

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The Government is Creating Jobs. Literally.

“Today’s report marks a milestone in America’s comeback,” Joe Biden bragged in March. “With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office.” Milestone or a millstone though might be a matter of opinion. Politicians like to brag about “creating jobs” and for once it was literally true. Of those 300,000 jobs, 71,000 or 1 in 4 were government jobs. Another 72,000 jobs came out of the healthcare industry which is heavily government funded. And 9,000 came from “employment in social assistance” or welfare. About 1 in 2 of Biden’s jobs were funded by taxpayers in one form or another. The only non-government industry showing significant job growth was the hospitality industry which was prepping temporary employment for vacation season. An even more absurd story of government job growth came out of New York City where city officials boasted of having recovered all the jobs lost during the pandemic. But aBloomberg article

1 Out of 5 ‘New Jobs’ in Biden’s Booming Economy are Government Jobs

The labor market added 2.9 million jobs over the last 12 months. Of those 601,000 were government jobs. The Biden economy is booming. And if you don’t believe that, just ask the media which responded to the latest job reports with headlines worthy of a North Korean newspaper editor being asked to describe Kim Jong-Un’s birthday party while a gun is pointed at his head. “Another shockingly good jobs report shows America’s economy is booming,” CNN cheered. “New report points to blockbuster U.S. job growth as 2024 begins,” MSNBC claimed. And Politico found faith in a semi-senile president with its headline, “Biden’s ‘holy grail’ economy.” The media all agreed that this “booming economy” could turn around the presidential election. But there was a problem.. Why, the media wondered, didn’t the public believe in Bidenomics? “Why isn’t the growing economy helping public perception of Biden?” CNN asked. “It’s Crazy That the Booming Economy Is Hurting Biden,” New York Magazine complained. “Why

Every American Owes $100,000 in the National Debt

“Government is simply the name we give to the things we choose to do together,” Rep. Barney Frank, whose prostitute aide ran a male brothel from his Capitol Hill home, once observed. The former congressman claimed that he had no idea his boyfriend was running a male brothel and most people don’t know the government had racked up $34 trillion in debt. Sometimes the things we do together are really the things being done to us. Back in 2020, the national debt was at $26 trillion and that amounted to $80,885 for each of us. Now, after three years of the “adults” being “back in charge”, our share of the debt is $100,000 each. Or $100,696, if you want to be exact, and $257,275 per household. In the four years since 2019, a whopping $12 trillion was added to the national debt. During the subprime mortgage crisis, the national debt hit $10 trillion. In 2010, the Tea Party movement arose in response to an unacceptably high $13 trillion national debt and endless government spending. But by the t

Biden's New EPA Rule May Double Power Bills

Americans can’t afford to buy food, so Biden decided that they also shouldn’t be able to heat their homes during the winter. After an “environmental” measure that would prevent a majority of the country from being able to afford new cars , Biden is now going after their power bills. The latest EPA proposal would mandate ‘carbon capture’ at power plants. A study by MIT showed that carbon capture raises the cost of electricity from 30% to 50% depending on the type of plant. Another study by Australia’s Institute for Energy Economics and Financial Analysis however showed that prices could actually climb as high as 95% to 175% . Imagine your power bills doubling? That will be the final blow for millions of Americans. Biden’s corrupt inflationary spending broke the economy and sent prices soaring. State environmental regulations in California, New York and other leftist areas increased the cost of electricity. Last year, 1 in 6 homes had fallen behind on their utility bills. A survey fo

How Obama’s Big Economic Lie Caused Our Inflation Crisis

Conspiracy theories and lies have a unique power to reshape the human mind. The things that we believe, even when we initially know that they’re a convenient rationalization, become a part of us. And eventually we come to build our entire worldview around a lie that we told long ago. That’s the story of Russiagate, a bizarre conspiracy theory invented by the Clinton campaign and allies in the Obama administration that virtually every Democrat now believes is true. And it’s quite likely that Hillary Clinton, whose people made it up, also came to believe it’s true. It’s also the story of the inflation crisis. To understand how we got here, it helps to remember the last time a Democrat took over the White House during a troubled time with a mandate to save the economy. Time Magazine clumsily photoshopped him into a picture of FDR on its cover. The messianic ecstasy however soon gave way to frustration because Obama’s economic triumph never arrived. The misnamed Recovery Act was a corrupt

The Democrat Economists in Charge of Deciding 'If' There’s a Recession

Facebook is now censoring posts and videos about the Biden recession by using partisan fact-checks from left-leaning outlets to wrongly condemn them as “misinformation”. The fact checks rely on the same argument being propounded by the Biden administration and its media allies that only the National Bureau of Economic Research and, more specifically, its Business Cycle Dating Committee, can officially decide if there's a recession. And anyone who isn't on the Committee talking about a recession is spreading "misinformation". That's an obvious problem because 2 out of 3 American voters , including even 53% of Democrats, believe that there's a recession. That’s a whole lot of people to censor. Totalitarian Communist regimes in Russia and China have criminalized discussions about domestic economic problems, and the American Left is trying to deploy its propaganda machine of partisan media outlets, fact checkers and Big Tech monopolies to duplicate their efforts.

California Truckers Fight Ex-Communist Union Leader’s Mandatory Unionization

Last Wednesday, hundreds of truckers protested at the Los Angeles-Long Beach port, some trucks slowed down traffic on the 110 while others took part by refusing to take on loads. Their message was timed not just for Los Angeles County voters who backed the leftists threatening to put them out of work, but for retired general Stephen Lyons. The former general who had served as the Commander of the U.S. Transportation Command had been picked by the Biden administration as its Port and Supply Chain Envoy and was there to see the ports through which much of the country's international cargoes flow. Or don't. The truckers had a simple message for Lyons and his boss, they shouted it and waved it on signs, “No to AB5.” But Lyons had little to offer the independent truckers fighting mandatory unionization by California Democrats and their union allies except, “We need to retain drivers because they're critical to our economy." With 70,000 California owner-operator truckers t

Our Economic Misery Isn’t an Accident, It’s the Plan

Americans can’t afford to buy a used car or even gas because the Left doesn’t want them to drive. They can’t buy homes because the Left wants to destroy the suburbs and force everyone to live in megacities. They have trouble buying meat because the Left wants them to eat soy. The same is true for the whole exercise in planned economic misery that we’re experiencing. Take Hoover's "A chicken in every pot and a car in every garage" and reverse it. That's the goal. What we’re living through is not an unintentional accident: it’s the American Holodomor. The Left doesn’t want you to be able to drive, buy a home, or enjoy a burger. Naive Republicans will say that, “Biden is not paying enough attention to the border” or “Biden is not paying enough attention to inflation”. That’s like saying Jack the Ripper wasn’t paying enough attention to cutting up prostitutes. 2 million illegal aliens are expected to invade America because the Biden administration is paying a whole lot of

High Gas Prices are Caused by Governments, Not Companies

When Governor Newsom and New Zealand Prime Minister Jacinda Ardern met to announce a deal between the tiny country and the broken state, it was another example of California illegally enacting its own foreign policy. And a reminder of why California gas prices are so high. The memorandum had California promising to be "carbon neutral" by 2045 and to promote the "environmental integrity of carbon pricing instruments". California’s crooked carbon pricing schemes have become notorious for both their worthlessness and their corruption. And California drivers are paying the price. A report from Stillwater Associates last year found that California consumers were paying an extra $1.19 a gallon. This year the added costs include a 51 cent state excise tax, an 18 cent sales tax, 20 cents for Fuels Under the Cap, part of the state’s corrupt environmental cap and trade program and 17 cents for the Low Carbon Fuel Standard. Californians are paying a $1.41 federal and state

Democrats Discover Culture is Downstream of Economics

"It is time to stop the pursuit of personal destruction and the prying into private lives and get on with our national life," President Bill Clinton once declared. But switch on CNN or flip through the Washington Post and you will find the non-stop politics of personal destruction accompanied by Fortune 500 ads. Clinton supporters in the media aren’t just obsessed with Stormy Daniels or Russia conspiracy theories, but with destroying the lives of Trump supporters, from cabinet members to a random New York lawyer who once donated $500 to Trump. Bill Clinton may have popularized the politics of personal destruction, but practicing its politics cost Hillary Clinton the ’16 election. Hillary’s message was that her opponent was a deplorable bigot who would move the White House to Moscow. Millions of Americans left behind by the crony socialism of the Obama economy and looking to change the change were not impressed with her hateful message. And now the Democrats are making t