Category Archives: Economy

Economy, Media, Politics, Whiners

Aside Order

Govt Partners With Cartels

Excessive government interference in the free market won’t put the Mexican cartels out of business. On the contrary. It empowers them. In the same way that government open border policies do.

Link: Why weed companies can’t make any money

What Tyranny Looks Like

High-ranking officials in the Biden administration worked hand in hand with influential social media companies to censor content that was deemed “misinformation,” according to emails revealed this week. The government identified “examples of problematic content,” and social media platforms such as Facebook and Twitter would remove the posts, said the emails obtained in a lawsuit by Republican attorneys general Erich Schmitt of Missouri and Jeff Landry of Louisiana.

White House press secretary Karine Jean-Pierre clammed up when asked about the Biden administration’s alleged collusion with big tech.

“So, I–I–I don’t have anything to share with you on that. I’m not going to comment on that right at this time,” the White House press secretary said during the briefing.

Link: White House press secretary can’t answer if Biden administration colluded with big tech to censor Americans on social media

Woke Or Consequences

 “As Bed Bath & Beyond continues to face tanking stock prices and company-wide restructuring, one of the company’s executives jumped to his death on Friday, according to a news report.”

Was this decline before or after the company went woke and announced it was no longer selling anything from the My Pillow company? Causation or Correlation?

Link: Bed Bath & Beyond CFO Leaps to Death from NYC Skyscraper, Just Days After Company Releases Horrible News: Report

 

Economy, Energy, Middle East, Politics, Russia, Saudi Arabia, Venezuela

De-Growth Department Of Energy

If any politician in this country is a Russian asset, it’s Joe Biden and the de-growth global warming nuts who control him. In the Biden Administration, the Dept. of Energy isn’t about getting cheap, plentiful, and clean energy. It’s about “Addressing the effects of climate change.”

Why else would he reverse US energy independence while lifting sanctions on Russia’s Nord Stream 2 pipeline, forcing us to buy oil from Russia and unfriendly states in the Middle East and Communist Venezuela, begging OPEC to increase their production?

But that’s not enough for Joe Biden. Contrary to its purpose, he wants to use the strategic reserves as a response to high prices at the pump. So if and when time comes that we actually need the strategic reserves, we won’t have them and will still be beholden to the same communist regimes for energy.

Current authorized capacity of the SPR (Strategic Petroleum Reserve) is 714 million barrels.  In 2019 there were 634.9 million barrels in reserve. Today, that is down to 568 million barrels. A decrease of 10% from 2019 with no plans to replenish, and a 20% decrease from authorized capacity.

Putin couldn’t have done a better job of weakening our country and national security. For that, Biden gets a Happy Face from Vlad. And the global warming nuts are all warm and fuzzy. Because for them increasing oil production is a good thing as long as we don’t do it ourselves.

This is what fundamental change in America is shaping up to be as long as the Left and spineless Democrats are in the majority. 

Links: DOE Announces Second Emergency Notice of Sale of Crude Oil From The Strategic Petroleum Reserve to Address Putin’s Energy Price Hike | DOE’s Top Priority | DOE Response to Putin’s Price Hike | Strategic Petroleum Reserve Inventory | National Security & Safety | Why tapping the SPR is one of many ‘bad’ options to ease gasoline prices

China, Economy, Politics

America last deal

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Democrats are on a suicide mission for this country. It’s called the Green New Deal.  Joe Biden said his economic legislation, “the first piece, the 1.9, fundamentally change the structure and nature of the economy in this country.”  He didn’t run on that and Americans didn’t vote for that. To say he is in China’s back pocket would be an understatement. Details begin at 11 minutes in the video.
 
 
First in the plan is to end the use of fossil fuels, which happens to be the lifeblood of the world’s economy and our own.
 
Then make all transportation run on batteries. Car manufacturing as we know it ends.
 
What country in the world has 80% of the resources to make batteries? China. And China just added, thanks to Joe Biden, the lithium mines in Afghanistan to their battery elements inventory. Think of it as a going away present from Joe and Hunter.
 
The United States doesn’t have enough of the resources to be self-sufficient in battery power. But we do in fossil fuels, with an economy built on it.
 
How does it feel to be beholden to China? China plays the long game. Now you know why Xi Jinping is always smiling. He would have the United States by its throat. 
 
Economy, Energy, Media, Politics

No Infrastructure For You

Ever since President Carter’s creation of the Department of Energy in 1977, the purpose of which was to become energy independent.  It was a total failure. Not until 2019 in the Trump Administration did the country reach energy independence, where production exceeds consumption, for the first time in 62 years.

That was a time when the economy experienced an economic slowdown, gas prices were rising, gas stations were running out of gas, and the ones that had gas had lines going down the street. The Unites States was at the mercy of foreign countries for oil because we didn’t have enough supply of our own.  People referred to the economy back than as the Carter Malaise.  News organizations were polling and reporting what they called the “Misery Index” on a daily basis.

That President Trump could do this in only 3 years says a lot about the Washington insiders and bureaucrats that, by their actions, or in this case, in-action, could not do. The same politicians who go bonkers come election time, always wanting to spend (they call invest) billions and trillions of dollars in RBI, Roads, Bridges, and Infrastructure. (Joe Biden was in charge of doing just that under President Obama. Remember the “shovel ready” joke?) Should be obvious by now that they didn’t mean a word they said.

The irony in President Biden putting the kibosh on the most important infrastructure project in our time, that truly made us energy independent, somehow (not really) escapes notice in the media.

 

 

 

 

 

 

China, Economy, Egypt, Energy, Politics

Biden hearts china

On his first day, President Biden put our nation at  unacceptable risk when he dealt a blow to the energy industry. The consequence of which means we will once again be dependent on petroleum from foreign and hostile countries. But in this case, it’s a Two-for. It also gives Canada a poke in the eye to their economy too. Brilliant geopolitical move by President Biden.

“Alberta Premier Jason Kenney said in a different statement that he urged Trudeau to tell Biden that “rescinding the Keystone XL border crossing permit would damage the Canada-US bilateral relationship.”

To refresh your memory, Under President Jimmy Carter, The ‘Department of Energy’ was instituted on August 4, 1977. Its purpose was to lessen U.S. dependence on foreign oil. During Carter’s malaise there were long lines for gas at the gas stations. Prices were high.

Today, and for a few years, China owns and or operates both sides of the Suez Canal and the Panama Canal.  Given the cozy relationship the Biden family has with Communist China, I’m sure Joe doesn’t see how that could be a problem.

So what difference at this point does it make? It doesn’t take a genius to see the consequences of such a move, given the ever increasing presence and pressure from China wanting to rule the world.

The United States is the largest user of the canal; the second-largest is China. Approximately 60 percent of all the cargo that passes through the Panama Canal either originates in or is destined for the United States.

Losing thousands of good paying and mostly union jobs, and an industry, while making us vulnerable to Communist China, is not looking out for America and our interests. 

So whenever China wanted, they can choke the U.S. right out of product, including fuel. The alternate route is around South America. But Hunter is doing OK, and the environmentalist wackos are celebrating. Biden family first, America Last.

Links: With a pen stroke, President Joe Biden cancels Keystone XL pipeline project   |  Commentary: Expansion of the Panama Canal benefits global trade  |  Canada pleads case for controversial Keystone oil pipeline with Biden administration

2016 Election, Economy, Justice, Media, Middle East, Politics, Russia

Great week for trump

  • Economy humming
  • ISIS wiped out in Syria
  • Recognition of Israel’s territory and sovereignty
  • Mueller investigation confirms that Trump beat Hillary Clinton fair and square

He summed it up precisely. It was “an illegal takedown that failed.”

Now maybe the DOJ will, for the first time, take an objective look into how it all began? An equal system of justice demands nothing less.

Link: Trump on Mueller Probe: “This Was An Illegal Takedown That Failed”

Economy, Immigration, Politics

Democrats And The Wall

Democrats say that a border wall won’t work, and is a waste of taxpayer money. They can’t know that because we’ve never had one. $5 billion the President is asking for is too much money? Yet they have no problem paying $113 billion A YEAR, and growing, to support illegal aliens already here.

And that doesn’t count the social cost of murders, robberies, kidnapping, human trafficking, and drugs they bring with them. 

No, their priority is not public safety or fiscal responsibility. Their priority two-fold. Resisting whatever Trump wants to do, and political power to the exclusion of about half the country.

2018 Election, Economy, Education, Immigration, Obamacare, Politics

Dems Playing With A Losing Hand

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So what are Democrats running on this election season? It isn’t “For the People.” Remember that? It’s Medicare For All. In other words, full blown socialized medicine at the expense of the economy, senior citizens, and everyone else.

That they chose a proven loser of an issue to run on, aside from Trump is the Devil, shows that their party is lost to the lunatic Left. Deaf and blind to the economy, employment, unemployment, your kids’ education, your safety, and our nation’s sovereignty.

The consequences of (God forbid) a Democrat majority in DC, will not only halt, but reverse the progress made since the Obama administration expired.  And, will turn the country into something resembling Venezuela. 

Curious how Democrats can, with a straight face, campaign on killing the economy and, fundamentally change America. “But everybody, including illegal aliens, will have ‘free’ health care. It’s a human right,” don’t you know?

It’s also curious how the same party, dishonest as it is, has not tried to claim credit for any of the progress in the short time President Trump has been in office. That trial balloon was when Obama took credit for the Trump economy. Then burst.

In the spirit of Halloween, Seema Verma, Administrator for the Centers for Medicare & Medicaid Services (CMS) tweeted this. “This year’s scariest Halloween costume goes to…”

No excuse for sitting this one out. Too much is at stake. It’s all at stake. Two words, Vote Republican. The Democrats are playing with a losing hand.

Economy, Immigration, Politics, Race Relations

aSide Order

One of the Wizards of Smart

 

Democratic Party depends on a Dependent Class

And it all began with President Lyndon Johnson over the Civil Rights Act of 1964. His focus then was to try to stop the mass exodus of Black Americans moving to the Republican Party.

Showing a little R E S P E C T

The British Army’s Household Division play Aretha Franklin’s ‘Respect’ at Buckingham Palace on the day of the Queen of Soul’s funeral.

 

Economy, Politics

More Jobs Than People Looking

Since the Trump Administration began, 15 months ago, the economy is growing, companies are expanding, some moving back from abroad. On the labor side, unemployment has been dropping for the last fifteen  months. Now at 3.8 percent.  It’s all good. And, all the result of unleashing the economic engine that had been ignored for too long.

Remember what the unemployment rate was after Obama’s “stimulus” spending? There were two of them. It’s only relevant to mention Obama to understand the impact that government regulations, including taxes, have on the economy. Obama did it the classic, well post Kennedy, Democratic way of using the tax code and other regulations (including minimum wages) to “manage” the private sector. You lived the results.

Trump did it the free market capitalistic way. Minimizing taxes and regulations. And literally turning the economy loose.

What happened is that, as of the end of April, there are 6.7 million job openings according to the Bureau of Labor Statistics. And over the 12 months ending in April, hires totaled 66.1 million and
separations totaled 63.7 million, yielding a net employment gain of 2.4 million. And, as of April, the total workers looking and eligible for jobs fell to 6.35 million, a decrease from 6.58 million the previous month. There are 350,000 more jobs than people looking for them.

A free market economy is self-regulating when given the chance. And when given a chance, it will decide the right wage for a given job. Not the government.

With more jobs than people looking to fill them, you will see “Help Wanted” signs on store fronts. You’ll see “Now Hiring” on the back of tractor trailers on the Interstates. And you will also see employers competing for employees by paying higher wages. Economic supply and demand at work. Not a raving Marxist calling for a mandatory living wage.