Bidenomics is a Bust, The FBI is Unaccountable & El Nino is Florida’s Friend – Top 3 Takeaways – July 24th, 2023
- Bidenomics is a bust. Macroeconomics is complicated. Personal economics isn’t. It’s easy to see why President Biden’s Bidenomics road trips and messaging is a bust. I’ve always said you can lie to people about policy and what it will do, and those who’re inclined to believe you might for a while, but you can’t lie to people about what is or isn’t in their wallet...they know. Yes, the unemployment rate is low. Yes, a resilient US economy managed to stave off reentering a recession in the first half of the year. No, what’s happening at home once families have paid the bills, isn’t good and the overall economic impact of Bidenomics has been anything but the sunshine and lollipops ‘ole Joe likes to talk up these days when he’s on the road. Quoting Joe on the road last week We have a plan that's turning things around pretty quickly. Bidenomics is just another way of saying ‘restore the American dream. One thing’s certain. Most Americans don’t feel like they’re living the dream in Joe Biden’s America. President Biden’s approval rating on handling the economy is 38% - compared to 58% disapproval. That’s a net approval rating on the economy that’s 13% lower than what it was under President Trump in 2020 in the middle of the pandemic. And the reason why is straight forward and simple. Since Joe Biden became president the compounding effect of inflation has led to the average cost for the average thing we pay for rising by 17.9% over when Joe took over as president. Here’s another way of looking that this. The compounded inflation rate through the first two and a half years of the Biden administration is greater than 10% higher than the four-year compounded rate of the Trump presidency (7.8%). And what’s income growth been for the average American during that time? 11.8%. This means the average American is greater than 6% worse off under “Bidenomics” than they were in the midst of a pandemic but with Trumpenomics in place. Yes, 40-year high inflation rates are now behind us. No, the scars of it aren’t - especially with the current inflation rate still running 50% higher than it should be for a healthy economy – like what we experienced during the Trump administration. The average income grew by 15% during Trump’s four years in office which meant the average American was 7.2% better off net of inflation. In other words, the average American’s quality of life substantially improved – and at the fastest rate since the advent of the internet age in the 90’s. Joe Biden has produced a result that’s 13% worse for the average family. That’s why we now have record consumer debt and it’s why Bidenomics is a bust and about as credible as Hunter Biden’s businesses dealings. Speaking of the Biden Administration and sketchy details...
- You’re not “entitled” to the information. While Christopher Wray’s FBI continues to cover for the Biden Crime Family’s activities (which provoked an FBI whistleblower to provide the senate with a disclosure form which Senator Chuck Grassley released publicly last week – detailing alleged Biden family corruption and coercion), they continue to stonewall in providing you with the truth. You’ll likely recall that earlier this year we learned that the FBI field office in Richmond Viriginia produced a memo which "sought out and attended traditional Catholic houses of worship (with) trip wire or source development within churches that offer the Latin Mass and "radical-traditionalist online communities". While Chistopher Wray expressed “disgust” when news of this was brought to the light of day by a whistleblower...what still hasn’t been brought to the light of day are what actions specifically led to and were carried out because of the memo. A Freedom of Information Request made by CatholicVote to obtain that information – has been met with this response from the FBI. The public is ‘not entitled’ to the records. That's fun, isn’t it? The FBI illegally targets Catholics, violating the constitutional rights of all involved, and then has the audacity to say that “the public isn’t entitled to the records”. I’m confused. I thought the government worked for and on behalf of us? Silly me, I guess for not realizing the federal intelligence apparatus has become an authoritarian post-constitutional, dictatorial regime. My message for the FBI would be this. You’re not entitled to a single tax dollar from any of us. And aside from firing the entirety of senior leadership within the Bureau... If I had a vote right now. I’d vote to defund you unless systemic changes were guaranteed immediately. Not only are we entitled to those records. We’re entitled to our constitutional rights. The Federal Bureau of Investigation operates as though we don’t have them and now has the audacity to tell us point blank that they don’t exist. What shouldn’t exist is the FBI as currently constructed. And while I no longer trust the FBI...
- In El Nino I trust. No, El Nino isn’t a sure thing when it comes to reducing impacts during hurricane season, but yes, it is Florida’s best friend during it. We’ve already been experiencing the wettest rainy season in years thanks to the emergence of El Nino just in time for it. We’re also now likely to see the first positive impact on hurricane season from it. Typically, when we see tropical waves emerge from the coast of Africa and make a beeline across the Atlantic – the question isn’t whether they’ll develop, but how strong the storms will be and where they will go. The current disturbance which is approaching the Lesser Antilles thus far hasn’t developed and may not end up developing at all. The key commentary from the National Hurricane Center is this: Although environmental conditions are only forecast to be marginally conducive for some gradual development, this system could still become a tropical depression during the next few days while it moves westward across the tropical Atlantic and eastern Caribbean Sea. Unfavorable upper-level winds are forecast when the system moves into the central Caribbean around midweek, decreasing the chances of formation. Those unfavorable upper-level winds are classic El Nino winds. And when they’re hovering over the Caribbean, coming off the coast of Florida, it’s about as good of a hurricane mitigation system as we can get.