Stagflation Stages A Comeback
Posted By: RockyTCB, 5/2/2024 8:41:58 AM
Joe Biden got his start in politics in the 1970s and appears determined to recreate the world as it existed back then. Misguided federal policies have pushed energy prices to punishingly high levels. Americans are struggling with inflation. Radical Muslims are holding American citizens hostage in the Middle East. Our adversaries, including Russia, are on the march. Even bell bottoms are making a comeback. And, now, the pièce de résistance of the 1970s is also making a comeback: stagflation. Stagflation. It’s a term that most young people and plenty of not-so-young people have probably never heard before
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
person likes this.
Below, you will find ...
Most Recent Articles posted by "RockyTCB"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
RockyTCB"
Carbon dioxide is a pollutant, the Environmental Protection Agency says. It’s been drilled into us for more than 30 years that we have to cut our CO2 emissions if we don’t want the world to end too soon. But we know that the climate scare is in no way related to protecting the sky. The data tell us so.
Over the last three calendar years, 2021, 2022 and 2023, “no country has reduced its carbon emissions more than any other major nation on a per capita basis,” the Committee to Unleash Prosperity tells us.
“Even though our GDP is about
Stagflation Stages A Comeback
10 replies
Joe Biden got his start in politics in the 1970s and appears determined to recreate the world as it existed back then.
Misguided federal policies have pushed energy prices to punishingly high levels. Americans are struggling with inflation. Radical Muslims are holding American citizens hostage in the Middle East. Our adversaries, including Russia, are on the march. Even bell bottoms are making a comeback.
And, now, the pièce de résistance of the 1970s is also making a comeback: stagflation.
Stagflation. It’s a term that most young people and plenty of not-so-young people have probably never heard before
Barely A Month Old, California’s $20-Hr.
Fast-Food Minimum Wage Is Already An Economic Disaster 17 replies
Fast-Food Minimum Wage Is Already An Economic Disaster 17 replies
California Democrats who pushed through the state’s punitive new minimum wage must be feeling mighty proud about now. Not only are fast-food joints closing or replacing low-end employees with overseas workers and robots, now the law is costing the very people it was supposed to help while decimating consumers’ wallets. Well done!
The $20-an-hour wage floor foisted on California’s fast-food restaurants, dubbed with the innocent-sounding moniker Assembly Bill 257, was signed into law last fall. It didn’t take long to become a disaster.
Hoover Institution senior fellow and economist Lee Ohanian showed just how quickly bad policies can wreck an economy. And the damage was done even before the law
It Would Be Foolish To ‘End Fossil Fuel’
10 replies
Let’s say tomorrow, or in 10 years or even 15, that by some feat of magic that wind and solar could fully power the global economy. We could then stop extracting oil and the natural gas that’s a byproduct of drilling. Right?
No, it wouldn’t work that way – because it can’t.
Even in a world that ran entirely on renewable energy, it would still be necessary to drill for crude. Why? Because of, as Dustin Hoffman’s character Benjamin Braddock was told 1967’s “The Graduate,” plastics.
“There’s a great future in plastics,” Mr. McGuire, a family friend, told Ben at his college graduation party.
‘How much should people freak out over Thursday’s SCOTUS oral arguments about Trump’s claims that he can’t be prosecuted for election crimes due to presidential immunity?” asked the Trump-hating Bulwark in a post last week.
Answer: How deep is the ocean? How high is the sky?
The Bulwark itself showcases the freakout, with an article asserting that the Supreme Court handed “another decided win … for the dark forces that threaten to convert our system of government from a democratic republic ruled by the people into one in which unconstrained power could be lodged in a single, despotic man.”
Keep in mind that
While Americans brace for another contentious presidential election, the Democrats have a better idea: Subvert the Constitution in the name of “democracy.” Once again, the party of the left shows why it’s losing Americans’ trust.
Quietly but steadily, the Democratic Party has been advancing its latest bold idea to create a uni-party state: A “National Popular Vote Interstate Compact.”
In case you missed it, the Associated Press reported last week that “Maine will become the latest to join a multistate effort to elect the president by popular vote,” the 17th state to do so.
As the AP noted, “Under the proposed compact, each state would allocate all its electoral votes
It’s not entirely coincidental that just weeks after President Joe Biden announced his latest plan to cancel student loan debt, antisemitic protests broke out on elite college campuses across the country. Biden’s bailout schemes only embolden these entitled brats.
Students at some 18 colleges have staged anti-Israel “encampment” protests. At Columbia University (where a four-year degree will set you back north of $350,000), the protests got so out of hand and so virulently antisemitic that a rabbi at Columbia urged Jewish students to “return home as soon as possible” and the university moved to mostly hybrid classes.
This has been going on for more than a week at Columbia
Kalifornia Krazy
9 replies
Maybe insanity is doing the same thing over and over and expecting different results. But insanity is also whatever the California Legislature is doing at any given time. The most recent example? A reparations bill that would establish the California American Freedmen Affairs Agency has sailed through the Senate Judiciary Committee.
Senate Bill 1403, one of at least 14 reparations bills introduced in the Legislature, cleared the committee by a 8-1 vote two weeks ago, confirming one more time that lawmakers have descended into madness. Unless they regain their wits, reparations will break the state.
But a return to reason is unlikely.
Democrats have already made it clear that they will stop at nothing – nothing – to prevent Donald Trump from winning in November. So, we aren’t surprised to read reports that President Joe Biden might declare a “climate emergency” this year in hopes that it gooses his reelection odds. Never mind that such a declaration would put the U.S. right on the path to a Venezuela-style future.
Late last week, Bloomberg reported that “White House officials are weighing whether to declare a national climate emergency several months out from the 2024 election.”
Bloomberg goes on to report that:
White House advisers
In recent weeks, the Biden administration has distanced itself and U.S. policy from Israel’s response to attacks from Hamas and Iran, two of Israel’s bitterest enemies. Americans show sharp political divisions in their support of Joe Biden’s policy shift toward the U.S.’ long-time Mideast ally.
Hardly a day goes by without more news from the Mideast, much of it related to Israel’s retaliation following Hamas’ shocking Oct. 7 invasion, resulting in at least 1,200 dead and 240 kidnapped and held as hostages in Gaza and elsewhere.
This month, after Israeli missiles killed the Iranian general who masterminded the raid, Iran launched a massive missile and drone strike against Israel.
Could EVs Compete In A True Free Market?
10 replies
It seems we’ve reached “peak EV,” with sales in trouble and assembly line workers losing their jobs. The hard truth is electric vehicle sales would have never reached the level they have if the government had not trespassed into private matters.
The EV troubles are all around. Sales are slowing. Unsold cars have piled up in lots. Surveys plainly indicate that fewer Americans want them. In response to dramatically slowing sales, Ford announced last fall that it was delaying $12 billion in EV investments. Which should surprise no one, considering that the company lost nearly $73,000 on each EV it sold in the second quarter of 2023.
Joe Biden’s Economic Dunkirk
7 replies
Just after Ronald Reagan won the presidential election in November 1980, economic adviser David Stockman wrote a memo warning the president-elect that he faced an “economic Dunkirk” thanks to the disastrous economy he was inheriting.
Among Stockman’s warnings was that the Carter administration had set a “ticking regulatory time bomb” that would blow up the economy.
“They have spent the past four years ‘tooling up’ for implementation through a mind-boggling outpouring of rulemakings, interpretative guidelines, and major litigation – all heavily biased toward maximization of regulatory scope and burden,” Stockman wrote.
Most Active Articles (last 48 hours)
The White House announced the next group of Presidential Medal of Freedom recipients Friday morning.
Former Vice President Al Gore is on the list with a citation for his work on “climate change"Al Gore is a former Vice President, United States Senator, and member of the House of Representatives. After winning the popular vote, he accepted the outcome of a disputed presidential election for the sake of our unity. He was awarded the Nobel Peace Prize jointly with the Intergovernmental Panel on Climate Change for his bold action on climate change," the White House released in an announcement. .
Actor Jeff Daniels said Friday on MSNBC’s “Deadline” that he believed midwesterners were done with former President Donald Trump’s “lack of decency.”
On the New York business document trial, Daniels said, “I know this is costing him where I live in Michigan. This is costing him votes.”
He continued, “There’s just a lack of decency that Donald has kind of hitched his wagon to. He keeps telling us these things. You know, I mean, I look at the trial every day, and you watch what happens in the trial, and then you watch him talk about it like it was an amazing day. No, it wasn’t. It really wasn’t.
A video of what is purported to be Ukrainian soldiers burning Donald Trump in effigy is causing quite a stir.
In the clip, three soldiers are seen standing with a cardboard Trump lookalike as they deliver a message directly to the former president, essentially threatening Trump’s life for opposing the war with Russia — the 2024 presumptive Republican nominee has boasted that he would end the conflict in 24 hours with a brokered peace deal.
“We address Donald Trump. Because of you b*****d President Zelenskyy couldn’t get any weapons. You will never be president again. You are a traitor. You will pay with your blood for what you did,”
Pro-Palestinian protesters taking part in an encampment at Princeton University began a hunger strike to raise awareness for starving people in Gaza.
The Princeton Israeli Apartheid Divest (PIAD) student organization posted a series of photos on Instagram announcing that pro-Palestinian protests would be launching a hunger strike “in solitary with Gaza.”
“PRINCETON STUDENTS LAUNCH HUNGER STRIKE IN SOLIDARITY WITH GAZA!!” the group wrote.
PIAD explained that as part of the hunger strike, protesters would “abstain from all food and drink” except for water until their demands were met.
“We commit our bodies to their liberation of Palestine,” the group continued. “PRINCETON, hear us now! We will not be moved!”
Actor Robert De Niro said Thursday on MSNBC’s “The 11th Hour” that former President Donald Trump’s rise was like that of Adolf Hitler’s in 1930s Germany.
De Niro said, “He is sick, he is genuinely a sick person that somehow has been allowed into our system. I’m not calling him names, he just can’t be anywhere near the office of the presidency.”
He continued, “I don’t understand it. I don’t I don’t think they understand how dangerous it will be if he ever, God forbid, becomes president. I don’t think they really understand. And historically, from what I see, even in Nazi Germany, they had it with Hitler.
Can the Current Universities Be Saved?
19 replies
Elite higher education in America -- long unquestioned as globally preeminent -- is facing a perfect storm.
Fewer applicants, higher costs, impoverished students, collapsing standards, and increasingly politicized and mediocre faculty reflect a collapse of the university system. The country is waking up to the reality that a bachelor's degree no longer equates with graduates being broadly educated and analytical. Just as often, they are stereotyped as pampered, largely ignorant, and gratuitously opinionated.
No wonder polls show a drastic loss of public respect for higher education and, specifically, a growing lack of confidence in the professoriate.
The founder and CEO of telehealth and online pharmacy Hims took to social media on Wednesday to encourage anti-Israel protesters on college campuses to continue in those efforts because companies like his will be "eager" to hire them. Andrew Dudum, who founded Hims in 2017, said anti-Israel campus protesters are making a difference and drew a contrast to other executives who have said the antisemitic demonstrations have made those involved in campus protests unemployable.
"Moral courage > College degree," Dudum wrote on X. "If you're currently protesting against the genocide of the Palestinian people & for your university's divestment from Israel, keep going. It's working."
The city declared a public health emergency following an outbreak in a single-room occupancy hotel in Long Beach. A tuberculosis outbreak among residents of a single-room occupancy hotel in Long Beach has left one person dead and led to the hospitalizations of nine others, prompting the declaration of a public health emergency, city officials said Thursday.
The city Department of Health and Human Services insists the risk of exposure to the general public is low, with the outbreak restricted to a "distinct population" of people with "significant barriers to care, including homelessness and housing insecurity, mental illness, substance abuse and serious medical comorbidities."
Is Israel Guilty of Genocide?
14 replies
Israel’s enemies are charging the world’s only Jewish nation with committing genocide. This is a lie.
Genocide as a word and internationally accepted concept did not exist before 1944. It was specifically created to describe how the Nazis sought to eliminate the entirety of the Jewish population in Europe.(Snip)
This narrow definition under international law consists of two principal prerequisites: intent and a specific group’s physical destruction.
Currently, there are politically motivated and rhetorically irresponsible charges of genocide leveled at Israel. These disingenuous accusations are a weapon of war that terrorist groups such as Hamas are using to achieve strategic political victory in the struggle for universal information dominance.
Former President Donald Trump has laid out the most concrete timeline yet for when he might select his running mate for the 2024 Republican ticket.
“I’ll be picking, but probably not too much before the convention, which I happen to be having in the great state of Wisconsin,” the presumptive GOP nominee told FOX 6 Milwaukee during a campaign visit to the battleground state Wednesday.
The Republican National Convention will be held in Milwaukee July 15-18. Traditionally, the vice presidential nominee will address the delegates on the penultimate night of the gathering.
In 2016, Trump picked then-Indiana Gov. Mike Pence as his running mate in the final week before the convention,
Democratic lawmakers are sounding the alarm over what they see as conservative justices and judges tipping the scales in favor of former President Trump in two federal cases.
The two cases accuse the former president of attempting to subvert the 2020 election and obstructing justice related to his handling of classified documents. Some Democratic senators suggest conservative justices on the Supreme Court are playing politics by slow-walking special counsel Jack Smith’s case related to the events of Jan. 6, 2021, so that there’s no chance of it reaching a verdict before Election Day.
Mark Hamill made a surprise visit to the White House press briefing room after meeting with President Joe Biden.
The Star Wars actor’s visit came a day before May the 4th, an annual day of celebration for the franchise.
“There’s no introduction that really is needed,” White House press secretary Karine Jean-Pierre said. “I have a special guest, as you can see, Mark Hamill has decided to join us on this wonderful Friday. And, I am really excited to turn it over to Mr. Hamill.
Hamill, who is known for his role as Luke Skywalker in the Star Wars franchise, asked the group of reporters gathered in the room