When Chuck Schumer and Joe Manchin decided to call their tax and spending bill the Inflation Reduction Act of 2022, they must have had a laugh. Of course, the joke is on the American taxpayers, who will be footing the bill for Chuck and Joe’s spending bonanza. At the Ron Paul Institute, former congressman and […]
Bidenflation Is So Bad Walmart Is Turning Into a Flea Market
Walmart has announced that in the face of rampant inflation, it will now sell refurbished items. The press release states: That’s the goal of Walmart Restored, our new program created to help customers discover refurbished products at everyday low prices. In a year when customers are looking for ways to save money, like-new refurbished products […]
Despite Higher Orders in June, Economy Shows Signs of Slowing
The dollar value of orders for durable goods was higher in June, but that bit of bright news may be mostly because of the surging inflation that drove up prices and sales of defense aircraft. Bryan Mena reports in The Wall Street Journal that despite some signals of continued momentum, the economy is showing signs […]
Recession or No Recession?
The Biden administration has already won its place in the history books, writes NRO. Rather than quibble with anyone’s point of reference, here’s the record: Joe Biden’s presidency is the worst ever since the 1970s. Or Joe Biden’s presidency is the worst ever on record. The Biden Administration’s Magical Thinking In SpecatatorWorld, Oliver Wiseman cites […]
BIDENFLATION: Food and Fuel Inflation Eating Retailer Profits
Inflation of food and fuel is eating into the profitability of retailers as consumers cut back on higher-margin purchases like clothes and home products. Sarah Nassauer reports in The Wall Street Journal: Walmart Inc. warned that higher prices for food and fuel were causing consumers to pull back, an ominous sign for the U.S. economy that […]
As Natural Gas Prices Sting, Biden Pledges All America’s Got to Europe
Joe Biden recently pledged to “send as much LNG to Europeans as possible to decrease their reliance on Russian energy.” The Wall Street Journal reports Shrinking flows of Russian natural gas to Europe have triggered a global race among U.S. allies to secure American gas exports, testing the country’s ability to meet fast-growing demand. Russia […]
Biden Talks: Poor Air Quality Warning and New Mask Mandates
Did you see the new mask mandate at the San Diego Unified School District in San Diego, CA? Ari Hoffman reports for The Post Millennial on a letter sent to parents by the district: The letter added, “If your student is participating in summer school or other summer enrichment program, please send them to school […]
Biden Reaches Milestone: Fastest Inflation in Forty Years
After the Carter-era’s high inflation was finally quelled by Paul Volcker, many in America thought the country had seen the last of price increases that fast. Now, inflation has reached speeds not seen since 1981. Gabriel T. Rubin reports for The Wall Street Journal: U.S. consumer inflation accelerated to 9.1% in June, a pace not seen in […]
Biden’s Economic Illiteracy and Shameless Demagoguery
Or, Where Does the Buck Stop? Just ask Joe Biden… “The companies running gas stations and setting prices at the pump…Bring down the price you are charging at the pump to reflect the cost you’re paying for the product.” Joe Kicking Sand in Their Face Regardless how implausible, Joe maintains the buck stops with small-time […]
BANKRUPTCY: Airline Restructures as Exhausted Pilots Demand Relief
The Scandinavian airline, SAS AB, is going into a voluntary restructuring process that will see 50% of its flights cut each day. The restructuring will take about a year, and is a response to the increased debt and lower revenues caused by Covid, and to a plan by 1,000 of the airline’s pilots to walk […]
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