Brace Yourself for the Biden Housing Bust
Posted By: Garnet, 7/6/2022 2:20:02 AM
For many readers, the above title will conjure up memories of the 2008 housing crash caused by the proliferation of subprime mortgages and the subsequent tsunami of defaults. But a better corollary for the coming Biden bust is the Carter crash that occurred three decades earlier. During the final two years of Carter’s term, sales of existing and new homes collapsed because the Fed was forced to raise interest rates sharply to get double-digit inflation under control. This, in turn, produced double-digit mortgage rates that priced millions of potential buyers out of the market.
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Has Joe Biden become so unpopular that late-night comics might actually move away from their clapter production and start being funny again? Bill Maher made this transition months ago, but the rest of the late-night comics have been as loathe to target Biden for pointed political jokes as they were with Barack Obama. Or so it has seemed, anyway; late-night TV comedy has been pointless for well over a decade as it went from being funny to being didactic.However, it appears that Joe Biden’s infamous fist-bump with Mohammed Bin Salman shook loose some ancient instincts on CBS’ Late Night.
It’s being called the Great Realignment. Allahpundit mentioned it yesterday at the end of this post. In short, the most recent NY Times polls shows that Democrats have more support among college-educated whites than they do among minorities. In a piece about this phenomenon for Axios, Josh Kraushaar writes:Shifts in the demographics of the two parties’ supporters — taking place before our eyes — are arguably the biggest political story of our time…
Democrats are statistically tied with Republicans among Hispanics on the generic congressional ballot, according to a New York Times-Siena College poll out this week. Dems held a 47-point edge with Hispanics during the 2018 midterms…
How to Cure Inflation
13 replies
The Bureau of Labor Statistics released two reports Wednesday morning that confirm the fiscal incompetence of the Biden administration and its confederates on Capitol Hill. The BLS reported that the Consumer Price Index rose yet again in June: “Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.” The BLS also released its Real Earnings Summary: “Real average hourly earnings decreased 3.6 percent, seasonally adjusted, from June 2021 to June 2022.”
Elon Musk and Twitter may be stuck with each other — and that could change the trajectory of the long-running battle over speech on the platform.
After Musk pulled out of his deal to buy Twitter, Angelo Carusone, president of progressive watchdog Media Matters for America, hailed it as a step back from a “dark future” where the platform acts as a “supercharged engine of radicalization.” Donald Trump Jr., writing on his father’s Truth Social app, declared there is “zero chance of free thought or speech” on Twitter going forward.
Hunter’s iPhone has been the source of the most prurient interest since 4Chan users this weekend began releasing data reportedly hacked from the backup stored on his Laptop from Hell.Presidentish Joe Biden’s son’s phone was apparently loaded with sex, drugs, and… FBI cyber specialists?
Among Hunter Biden’s contacts is the FBI’s Cyber Division Section Chief Michael Harrington.Did you catch Hunter’s note at the bottom? “Only contact if absolutely necessary.”
By his own admission, Biden lost not one but three laptops during his various crack binges, so I’m guessing that “absolutely necessary” might have come more often than anyone would have guessed.
Area Code 202 is for Washington, DC,
Georgia Democrats Face Gale Force Headwinds
12 replies
The Democrats badly need to consolidate their 2020 gains in Georgia. Their tiny majority in the U.S. Senate may well stand or fall based on the fate of Sen. Raphael Warnock’s reelection bid. Moreover, they want Stacey Abrams in the Governor’s Mansion because they need to control how the Peach State’s election integrity law is enforced in 2024. Considering her frequent denunciations of the statute, strict adherence to its provisions would hardly be her top priority as Governor. It appears unlikely, however, that Georgia’s voters intend to entrust her with that responsibility.
“This isn’t some imagined horror. It is already happening. Just last week, it was reported that a 10-year-old girl was a rape victim — 10 years old — and she was forced to have to travel out of state to Indiana to seek to terminate the pregnancy and maybe save her life.” (Snip)On July 1, the Indianapolis Star, also known as the IndyStar, published an article, written by the newspaper’s medical writer, about how women seeking abortions had begun traveling from Ohio to Indiana, where less restrictive abortion laws were still in place.
In a surprise move, Netflix quietly released a “speech” on Friday delivered by comedian Dave Chappelle at his high school alma mater, Duke Ellington School of the Arts in Washington, D.C. The speech is forty minutes in length and time well spent for Chappelle’s audience. The speech/special is titled “What’s in a Name?”
The reason for Chappelle’s speech that turned into a Netflix special was the re-naming of the school’s theatre. Chappelle was to be honored by the school. His name was supposed to be on the theatre but all that changed after a much-publicized meltdown by students at the high school over the choice of honoring Chappelle.
Rats, sinking ships, some disassembly may be — but apparently isn’t — required. ABC’s Rick Klein notices today what has become apparent over the last couple of months but especially after the Supreme Court’s Dobbs decision. Democrats have begun to make Joe Biden the focus of their public complaints, and they’re doing that increasingly on the record.
Put that together with a recent exodus of talent at the White House, especially in the comms shop, and it paints a picture of collapse:
It’s coming from the left as well as the center — from safe Democrats and those who are anything but.
Brace Yourself for the Biden Housing Bust
30 replies
For many readers, the above title will conjure up memories of the 2008 housing crash caused by the proliferation of subprime mortgages and the subsequent tsunami of defaults. But a better corollary for the coming Biden bust is the Carter crash that occurred three decades earlier. During the final two years of Carter’s term, sales of existing and new homes collapsed because the Fed was forced to raise interest rates sharply to get double-digit inflation under control. This, in turn, produced double-digit mortgage rates that priced millions of potential buyers out of the market.
Anti-oil campaigners in the UK have a
new protest tactic: Gluing themselves
to famous works of art 9 replies
new protest tactic: Gluing themselves
to famous works of art 9 replies
As it happens I was just in the National Gallery in London last Friday perusing paintings by Turner, Monet and Vincent van Gogh. Monday, a pair of anti-fossil fuel campaigners entered the museum, covered a painting by John Constable with an image they’d made themselves and then glued their hands to the frame of the painting. Here’s what Constable’s ‘The Hay Wain’ looks like.(Snip)And here’s video of the protesters after it was covered with their own dystopian version of the image. I haven’t seen any explanation for why the staff who are present in nearly every room of the National Gallery stood by and allowed this.
Amid the nationwide crime crisis that has arisen out of woke Democrat policies and the so-called "progressive prosecutor" movement, Philadelphia has been especially hard-hit — and its mayor is apparently tired of leading and looking forward to being out of office after overseeing the city's record-setting crime spike.
On Independence Day, two law enforcement officers were hit with gunfire at Philly's July Fourth festivities from an unknown suspect or suspects — authorities are still trying to identify those responsible and determine their motive. Thankfully, both officers were discharged after being treated for their wounds.
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Canada’s medical assistance in dying (MAiD) law is already the most permissive euthanasia and assisted-suicide legislation in the world.
Understandably controversial in itself, there are many horror stories surrounding its implementation. For example, as lifesitenews.com recently reported,
A 71-year-old widower was admitted to a Southwestern Ontario hospital after a fall. His family says during his admission he contracted an infectious diarrheal illness. He was humiliated by staff for the smell of his room, his family said. He developed a new shortness of breath that was not comprehensively assessed. In this context, a hospital team member suggested he would qualify for MAiD.
Some of the country’s bluest cities say they are filling up with illegal immigrants and need federal cash to help them accommodate everyone.
New York Mayor Eric Adams made his plea Tuesday. He said his city has had more than 2,800 “asylum seekers” entering homeless shelters in recent weeks.
“We are calling on the federal government to partner with New York City as we help asylum seekers navigate this process, and to provide financial and technical resources,” he said in a statement asking Uncle Sam for the handout.
The House on Tuesday night voted 267 to 157 to pass a bill that would recognize same-sex marriage in federal law. Forty-seven Republicans joined all Democrats in sending the Defense of Marriage Act to the Senate where it faces a tougher challenge of getting through. The vote came amid concerns that the Supreme Court ruling overturning Roe v. Wade abortion access could jeopardize other rights.(Snip)Liz Cheney, GOP conference chair Elise Stefanik and NRCC chair Tom Emmer were among members of their party to cross the aisle. Scott Perry of the Freedom Caucus and Nancy Mace, who is facing a tough midterm, also sided with Democrats.
On Tuesday’s broadcast of MSNBC’s “The Beat,” Senate Majority Whip Sen. Dick Durbin (D-IL) responded to Sen. Joe Manchin’s (D-WV) inflation concerns on climate legislation by stating that climate is “an emergency” that “We have to do everything that we can” about, and this is “more important than any current economic statistics” like inflation.
Host Ari Melber asked, “Is the global macro inflation a reason not to do something on climate right now? How do you work with your colleague there when sometimes his reasons don’t really match what’s happening?”
Washington, D.C. Mayor Bowser mentioned Sunday on CBS News’ “Face The Nation” that her city is being overwhelmed by migrants being bussed to her city and called on the federal government to provide more resources to accommodate that, as RedState’s Nick Arama reported.
“This is a very significant issue. We have called on the federal government to work across state lines to prevent people from really being tricked into getting on buses. We think they’re largely asylum-seekers or going to final destinations that are not Washington, D.C.,” Bowser told CBS News.
“But I fear that they’re being tricked into nationwide bus trips
Mehmet Oz, the Republican nominee for U.S. Senate in Pennsylvania endorsed by former President Donald Trump, claimed the “MAGA movement is dying” in a fundraising message sent to his supporters. Oz won Pennsylvania’s GOP Senate primary by a narrow margin with the help of Trump’s endorsement. The former president claimed that Oz “will be the one most able to win the General Election against a Radical Left Democrat looking to do unthinkable harm to our Country.” Now, Oz is reportedly fundraising by warning his supporters that the “MAGA movement is dying.”
Netflix Carnage: Loses 1 Million Subscribers,
Largest Loss of Customers in Company History 37 replies
Largest Loss of Customers in Company History 37 replies
The carnage at Netflix keeps getting worse. On Tuesday, the far left-wing streamer revealed that it lost close to 1 million subscribers in the second quarter — the largest quarterly loss of customers in the company’s history.
Still, shares of Netflix jumped more than 10 percent in after-hours trading because the bad news wasn’t half as bad as investors had expected.
Netflix reported 970,000 customers quit the service during the quarter, a continuation of the mass subscriber exodus that began earlier this year. Netflix had forecast a net loss of 2 million subscribers for the second quarter, while analysts were expecting a loss of 1.4 million to 1.8 million.
AOC's amateur-hour publicity stunt
36 replies
Yesterday, most mainstream media outlets reported that a number of Democrat representatives — including "Squad“ members, were arrested outside the Supreme Court following protests against the Court's recent decision to overturn Roe v. Wade.
Rep. Alexandria Ocasio-Cortez, D-N.Y., a.k.a. AOC, was among those arrested for blocking traffic. Reps. Barbara Lee of California, Rashida Tlaib of Michigan, Cori Bush of Missouri, Jan Schakowsky of Illinois, Nydia Velazquez of New York, Madeleine Dean of Pennsylvania, and Andy Levin of Michigan were among the other legislators arrested.
The Capitol Police said they had arrested 35 people, including 17 members of Congress, for "crowding, obstructing or incommoding."
To hear Washington Post columnist Perry Bacon tell it, Joe Biden’s low approval ratings aren’t due to his ludicrous policies, his failed leadership, or his cockamamie worldview.
Joe Biden isn’t very popular because of the way the mainstream media is covering him.
The lack of self-awareness notwithstanding, Bacon blames the media because its “flawed coverage model of politics and government is bad for more than just Biden — it results in a distorted national discourse that weakens our democracy. The media needs to find a different way to cover Washington.”
Numerous women have spoken about their regrets over having children, with some saying the 'hate' motherhood, and others revealing they don't like their kids.
The reluctant parents, from around the world, have shared their stories anonymously in a Facebook group called I Regret Having Children.
Those who have posted in the group opened up about the social pressure to have children, as well as pressure from loved ones, the struggles in caring for kids with developmental disorders, and their own mental health battles.
New York City’s homeless shelters are being overrun with asylum-seeking migrants as the immigration crisis at the southern border worsens—with nearly 3,000 arriving in recent weeks, Mayor Eric Adams warned Monday. Adams called on President Biden to send “additional federal resources immediately” so the city can handle the overflow.
“If we do not get these urgently needed resources, we may struggle to provide the proper level of support our clients deserve, while also facing challenges as we serve both a rapidly growing shelter population and new clients who are seeking asylum,” Adams said in a prepared statement. Adams said the illegal immigrants included families “arriving on buses
Long-time political strategist Dick Morris, formerly of the Clinton camp before coming to the light some years ago, penned a piece for Newsmax yesterday that predicted a 2016 rematch pitting twice-failed presidential candidate Hillary Clinton against former president – and America’s most popular politician – Donald Trump.
Clinton just can’t give it a rest. She has rested her entire legacy on one day sitting in the Oval Office as this nation’s first female president. Of course, her party can’t define the term “woman” anymore, and then there’s the fact that she hates this country and most of the deplorables living in it.