Fed Study: Stimulus Checks Worsened Inflation
Posted By: ladydawgfan, 4/9/2022 7:23:02 PM
Four economists at the Federal Reserve say the high rate of inflation in the United States compared to the rest of the world is due to the COVID-19 stimulus checks given to Americans during the pandemic. The direct payments to American citizens enlarged the money supply enormously and overheated the economy. Larry Summers, the Harvard economist and former Treasury Secretary, has been warning about this almost since Joe Biden took his oath of office. Summers believes that massive government pandemic spending — including stimulus checks — has put too much cash into circulation while the pent-up demand from the pandemic isn’t catching up to supply. Supply chain bottlenecks don’t help.
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Four economists at the Federal Reserve say the high rate of inflation in the United States compared to the rest of the world is due to the COVID-19 stimulus checks given to Americans during the pandemic. The direct payments to American citizens enlarged the money supply enormously and overheated the economy.
Larry Summers, the Harvard economist and former Treasury Secretary, has been warning about this almost since Joe Biden took his oath of office. Summers believes that massive government pandemic spending — including stimulus checks — has put too much cash into circulation while the pent-up demand from the pandemic isn’t catching up to supply.
Supply chain bottlenecks don’t help.
Take the jab or the boy gets it. That’s essentially the message the Cleveland Clinic is sending to the parents of 9-year-old Tanner Donaldson, who will soon need a kidney transplant. He was born with a rare birth defect, posterior urethral valves (PUV), a condition that caused irreversible kidney damage in utero and resulted in stage 4 chronic kidney disease (CKD).
Dane Donaldson, Tanner’s father, told PJ Media that his son’s kidney function is currently between 15-20%, but his numbers have been ticking up lately, so they feel he is nearing the time when a transplant will be necessary. They’ve known since birth that Tanner would eventually need the transplant
The Democrats are enthusiastically embracing a new voter outreach strategy. It’s called “paid relational organizing,” and it involves paying activists to talk to their friends, family members, and neighbors to convince them that Joe Biden and the Democrats are exactly what the United States of America needs in these troubled times.
As NROs Charles Cooke points out, this strategy may end up getting a lot of Republicans elected.
Granted, I am not an expert in voter turnout. But my instinct is that the Democrats should not do this. In my experience, the last thing any normal human being wants is to be talked at enthusiastically about progressive politics
Conservatives are held to and hold ourselves to a higher standard. Unlike liberals, wholesale riots are not our game.
“But what about the ‘insurrection’ on Jan. 6?!?!?”
If you still believe that 300,000 Americans, many of them well over 50 years old, showed up without guns to take over the United States, I’d like to sell you a unicorn that farts silver dollars.
Jan. 6 was a reaction to what people thought was a stolen election. Patriots of every age and race showed up to listen to Trump speak. Then the mostly peaceful crowd walked to the Capitol. Yes, there was some rioting.
On Monday, President Biden held an outdoor ceremony on the White House lawn to talk about the trucking industry. In the course of speaking, he repeated his tall tale about having had a "commercial driver's license" (CDL) while he was a young senator and having driven tractor-trailers.
At the 21:43 of his speech, Biden said, "I used to drive a truck; it's a long story[.]" And at the 24:51 mark of the speech, he proceeded to tell us the story.
Basically, he said, while helping out his father, the used car salesman, he used to go up to Philadelphia to pick up tractors or entire rigs
Exclusive: Illegal Alien Charged with
Killing Elderly Man, Injuring Three Others
in Florida 8 replies
Killing Elderly Man, Injuring Three Others
in Florida 8 replies
An illegal alien has been charged with killing a 72-year-old man and injuring three others in a drunk driving crash in Walton County, Florida, Breitbart News has exclusively learned.
Jose Virgilio Carcamo Elvir, a 42-year-old illegal alien, was charged with one count of DUI manslaughter, three counts of DUI causing serious bodily injury, driving with an expired license, and driving with open alcohol containers.
The Walton County Sheriff’s Office confirmed that Elvir is an illegal alien living in the United States and that the Immigration and Customs Enforcement (ICE) agency has placed a detainer on him so that, if he is released, they will take over custody.
The Duchess of Sussex Meghan Markle has reportedly filed an application to trademark the centuries-old word “archetypes” as it will be the name for her upcoming podcast on Spotify.
According to a report from the Daily Mail, Meghan Markle has made an application with the United States Patent and Trademark Office in March for the usage of the word “archetypes”, which the paper noted derives from Ancient Greek for “original forms” and entered the English language around the 1540’s.
The word according to the Encyclopaedia Britannica means: “a primordial image, character, or pattern of circumstances that recurs throughout literature and thought consistently enough to be considered a universal concept or situation.”
Texas Governor Greg Abbott will begin to use charter buses to ship illegal immigrants to Washington, D.C., as part of his strategy for the overwhelming influx of illegal immigrants.
Governor Abbott held a press conference today concerning Texas’ border security efforts in response to the Biden admin’s decision to drop Title 42 at the border on May 23.
Joe Biden announced that he plans to drop a Trump-era order blocking asylum seekers at the U.S. border on May 23.
Title 42 was used by President Trump in 2020 to expel migrants seeking asylum during the Covid pandemic.
Editor’s Note: The following was written under a pseudonym for fear of reprisals against the author’s ailing mother.
I write the following to share my deplorable experiences at Kaweah Delta Medical Center, a hospital in Visalia, Calif., and because I’m convinced most Americans have no clue of the fascistic, cruel, and inhumane policies still being enacted in the name of “Covid-19.”
My elderly mother is and has been immensely sick for quite some time. She is also suffering from dementia, especially when she gets hospitalized. That said, I am intentionally being vague concerning her condition, as I wouldn’t want the hospital to figure out who she
Democrat leaders speak often of “democracy” in hallowed terms, but rarely, if ever, do they mention, let alone, praise a republican form of government. President Biden insists “the United States is committed to strengthening our democracy.” Speaker Pelosi commands the nation to serve as “a symbol of democracy to the world.” Leader Schumer calls for “systemic democracy reforms . . . to save our democracy.” Senator Sanders harangues, “democracy must win.” Congresswoman Ocasio-Cortez perceives a “very real risk” that democracy will disappear. In reality, they use the term “democracy” as a cover for what is in fact authoritarian rule.
Do you enjoy being taken out to the ballgame? What do you eat with your pack of peanuts?
Thanks to gender equality, the answer should no longer be “Cracker Jack.”
In a men-maiming move, Frito-Lay has repackaged its iconic candy.
Since manly mentions are Jacked up, feminists everywhere can now tear into a box of “Cracker Jill.”
OfficialFritoLay’s YouTube channel boasts an ad in praise of the improvement.
The company subscribes to a contemporarily common concept — people are unable to live aptly unless they see others who look like themselves:
Sometimes all it takes to believe you can do something is to see someone who looks like you do it first.
Just when you thought Larry Hogan was the most delusional 2024 hopeful, another has stepped to the forefront and said “hold my beer.” Arkansas Gov. Asa Hutchinson has proclaimed that the “option is open” for him to enter what already promises to be a crowded field, almost certainly headlined by former President Donald Trump. [Tweet]
In order to understand how laughable a possible Hutchinson run is, you need to gain a grasp of how he’s governed. While Hogan at least has the excuse of being a deep blue state, Hutchinson heads up one of the reddest states in the union. Still, he has governed as an establishment coward,
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The Centers for Disease Control and Prevention (CDC) issued a health warning about an outbreak of meningococcal disease in Florida, which the agency said is mainly affecting gay and bisexual men, including those living with HIV. The CDC urged gay and bisexual men and other men who have sex with men to get the MenACWY vaccine if they live in Florida. It also recommended that those planning to visit Florida talk with their healthcare provider about getting the vaccine. The agency added in the advisory that multiple meningococcal disease cases in college students have been reported in the state over
Julian Lennon broke his longstanding vow never to perform his father’s most iconic solo song, “Imagine,” during a benefit for Ukrainian refugees Saturday.“Today, for the first time ever, I publicly performed my Dad’s song, ‘Imagine’,” Lennon, 59, wrote on YouTube. “The song reflects the light at the end of the tunnel, that we are all hoping for.”The singer-songwriter son of Beatle John Lennon presented the cover version of his father’s ode to peace as part of the Stand Up For Ukraine campaign,
Donald Trump held a rally in North Carolina on Saturday night, but it wasn’t the normal theatrics and hilarity that the former president delivers that made the biggest impression. Rather, it was an endorsement that seems to have come out of nowhere, and I’ll go so far as to say it may be his worst ever (yes, worse than Morgan Ortega) — at least as a Republican politician.
Honestly, I know some people take umbrage with anyone ever questioning Trump’s decision-making, but this is truly a head-scratching moment.
I’m not sure offering endorsements to people based on them being on TV for a long time is the best strategy.
Former President Donald Trump endorsed celebrity doctor Mehmet Oz in Pennsylvania’s U.S. Senate Race on Saturday after his initial pick, Sean Parnell, dropped out amid a contentious custody battle with his estranged wife last fall.Trump said his endorsement of Oz is “all about winning elections in order to stop the Radical Left maniacs from destroying our Country.” (Tweet) “The Great Commonwealth of Pennsylvania has a tremendous opportunity to Save America by electing the brilliant and well-known Dr. Mehmet Oz for the United States Senate,” Trump said.
National Review’s Kevin Williamson is urging conservatives to divorce, or at least, separate, for a time, from the Republican Party -- that is, from the Donald Trump-led Republican Party.
In a recent column, Williamson claims that what he calls “sensible conservatives” twenty years ago or so “could take a realistic, instrumental view of the GOP and find it reasonably useful for our ends.” But not today. Not when the Republican Party consists of “vulgar” populists and “infantile” nationalists who loathe free trade, free speech, the U.S. military, and libertarians.
Joe Biden’s pro-migration border chief says the “core founding principle” of the United States is “equity,” and that he is building an immigration system built on “equity.”“It is all about achieving equity, which is really the core founding principle of our country,” Alejandro Mayorkas declared at a meeting hosted by Al Sharpton’s National Action Network.“We, as a Department of Homeland Security [DHS], are your Department of Homeland Security as much as anyone else’s and we need to live that in the equity that we demonstrate,” he told the mostly black audience.
A new curriculum in New Jersey’s public schools will include lessons related to gender identity and climate change this fall.
Starting this fall, first and second graders in New Jersey’s public schools will be taught about gender identity and climate change according to the curriculum provided to parents in the Westfield school district.Daily Mail reported: First-graders in New Jersey will be learning about gender identity with new sex education curriculum which includes a lesson that teaches children they can have ‘boy parts’ but ‘feel like’ a girl.
Take the jab or the boy gets it. That’s essentially the message the Cleveland Clinic is sending to the parents of 9-year-old Tanner Donaldson, who will soon need a kidney transplant. He was born with a rare birth defect, posterior urethral valves (PUV), a condition that caused irreversible kidney damage in utero and resulted in stage 4 chronic kidney disease (CKD).
Dane Donaldson, Tanner’s father, told PJ Media that his son’s kidney function is currently between 15-20%, but his numbers have been ticking up lately, so they feel he is nearing the time when a transplant will be necessary. They’ve known since birth that Tanner would eventually need the transplant
Democrats' 'Don't Say Gay' Gaslighting
Is Driving the Middle Class to Republicans
| Opinion 25 replies
Is Driving the Middle Class to Republicans
| Opinion 25 replies
At the peak of the Critical Race Theory controversy in June of 2021, I was invited to Waukesha, Wisconsin to give a speech in front of a crowd of what was supposed to be a few hundred people about my thoughts on race and CRT in schools. 600 people showed up— (snip) This wasn't a Trump rally filled with politically active people; on the contrary, it was a crowd of concerned parents who wanted to learn. (snip) These are normal, middle class parents with reasonable concerns. But to hear the liberal media tell it, upset parents showing up to school districts around the country were simply racists
A government watchdog is demanding the US Attorney probing Hunter Biden in Delaware investigate tens of millions in anonymous donations from China to the University of Pennsylvania, where an academic center is named for his father, President Biden.
The Ivy League college raked in a total of $54.6 million from 2014 through June 2019 in donations from China, including $23.1 million in anonymous gifts starting in 2016, according to public records.
Most of the anonymous donations came after the university announced in February 2017 that it would create the Penn Biden Center for Diplomacy and Global Engagement. Joe Biden, whose term as vice president had just ended, was to lead the center
Saturday, the world found out that British Prime Minister Boris Johnson was in Ukraine.
Making a surprise visit to Ukraine’s capital, Prime Minister Boris Johnson of Britain on Saturday promised more military equipment and missiles to Ukraine, underscoring his country’s role as Europe’s most enthusiastic supporter of the Ukrainian president, Volodymyr Zelensky.
Britain will provide 120 armored vehicles as well as new anti-ship missile systems to the Ukrainian military, Downing Street said in a statement issued to coincide with the prime minister’s meeting with Mr. Zelensky. That is in addition to £100 million, or about $130 million, worth of military equipment that Mr. Johnson pledged to Ukraine on Friday.
Last week Cook Political Report posted an analysis of the House midterm election which said “Both sides see the possibility of a Red Tsunami in 2022.” But the rest of the Cook piece argued that because of redistricting changes 2022 can’t possibly equal a tsunami like the one in 1994 when Republicans won 54 seats. There are simply not as many competitive seats in the House as there used to be. So the author ultimately predicted a more modest wave:
Every metric we use to analyze the political environment — the president’s approval rating, the mood of the electorate, the enthusiasm gap — all point to huge gains
Comments:
Really???!! Whooda thunk???!!!