Hot Air. From Hurricanes to Joe Biden - Top 3 Takeaways – May 11th, 2022
- The odds of a hurricane hitting us this year. What do you think the odds are of a hurricane making landfall somewhere in Florida this year? This is one of the many questions where I suspect perception and reality might not exactly be on the same page. The odds of a hurricane making landfall somewhere in the state of Florida this year are 46%. The odds of a major hurricane (a cat 3 or above), making landfall...that’s 21%. So, with hurricane season conversation heating up along with the weather, the glass half full approach is to know that the odds of most of us being left alone are in our favor heading into it. But then again, for those of us in southeastern Florida, we’ve been denying the odds for years. Having not had a landfall from a hurricane since Wilma in 2005 and having not experienced hurricane force winds since Irma in 2017, we've been living right for a while. Dating back to the onset of hurricane season in 1851, southeast Florida has averaged one hurricane landfall every 3.5 years with the impact of one major every 11 years. It’s rather remarkable that during what’s been monitored to be the most active cycle for hurricanes on record we’ve managed to avoid all of them. One year that will no longer be the case, but the odds continue to remain in our favor that this year will not be that year. Especially since southeast Florida’s odds of being struck by a hurricane, if one is to hit Florida, is historically only 26%. What that means is that the odds of a hurricane hitting southeastern Florida specifically are only 12% this year, with the odds of a major only ticking in at 5%. So may the odds be ever in our favor or something like that.
- There are two leading causes of inflation today. In his inflation address, while looking especially constipated and sounding especially confused, President Biden rumbled, bumbled and stumbled through his speech which started with blaming two factors for inflation. The pandemic and Putin (this was prior to his saying Rick Scott is from “a problem” from Wisconsin and “mega-Republicans” are bad hombres or something like that). Now, given that you’re more informed and cognitively sound than the President of the United States, you know that the pandemic nor Putin are responsible for 40-year high inflation, that Rick Scott’s from Florida, and that its MAGA, not MEGA (though there is a case to be made that making America great again would have the potential to make earth great again). Anyway, he did stumble onto the truth at one point when, as he seemed to have no clue what he was actually saying, he said “we have no plan” to combat inflation. That said, there are two leading causes of inflation today but they’re not the ones he mentioned.
- It’s Joe Biden and Congressional Democrats. We were a year into the pandemic when they took the wheel of the US economy. The US inflation rate was 1.4% the day Joe Biden took office and Democrats grabbed control of Congress. What happened next, executive orders banning domestic energy production, exploration and distribution followed by a record debt spending plan inventing trillions of dollars out of thin air, pretending they were free, and tossing them out to Americans like Mardi Gras beads. What came next was a 40-year high inflation rate. That 40-year high which hit 7.9% prior to “Putin’s war”. At most, 0.6% of inflation can be attributed to the Russian invasion of Ukraine. There are two sides to stories and one side to facts. Joe Biden’s full of stories – like an answer of his in the Q&A when he asked where an actual plan was for addressing inflation (because that didn’t happen during his speech), he said his policies have helped not hurt. So, apparently this is the plan. As for the fact of the matter, the two leading causes of inflation in this country today are the direct result of the policies of the President and Congress.