Proving that the supply of stupid ideas in politics is endless, we bear witness to serious talk about cancelling student loans coming from the administration and leftist harridans such as Elizabeth Warren.
The economy is in worse shape than they know, or let on. The "millions" of jobs "created" by the administration are just people going back to work after taking extended Covid "snow days" for two years - when the money to stay home dried up. Labor force participation is still well below pre-pandemic levels (see https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm), These aren't "created" jobs - they are/were "idled" jobs. And now, as I predicted previously, $4+ average gas prices and severe supply chain shortages (induced by Covid policies) have tilted the economy into recession with GDP declining 1.2% during the first quarter of this year. (https://www.breitbart.com/economy/2022/04/28/gdp-goes-negatives-1-4/)
So real inflation is running 11% (because you have to count housing and energy costs), labor force participation is weak, the economy is stalled out/shrinking - and the Dems can't throw even more money at the problem (with inflation like this) and the only tool to curb inflation is raising interest rates - which will further drive the economy negative. No altitude and no airspeed is available to stop the crash or keep it from getting worse.
Faced with this disaster on all fronts, what will the Dems do? I predict they'll triple down and go for broke. If they're going to lose the House and Senate anyway, why not? My only hope for the country is that we somehow install a veto-overriding majority in both houses (not likely, but possible) this fall. Then perhaps some of these disastrous policies can be reversed.
A veto-override majority is mathematically impossible - the Dems only have 14 Senate seats at play this election, and that includes CA, CT, HI, IL, MD, NY, OR, and WA, all of which are virtually certain to stay Blue.
Stinks as it does, we are looking at two years of gridlock - barring Biden doing the highly improbable and giving the ..!.. to the progressives and pulling a 1994 Bill Clinton realignment.
Biden could have, with a few Eos, substantially alleviated supply chain problems. Overriding emissions and union rules in CA that have severely bottlenecked container ship off-loading and trucking, even temporarily, would have been a smart and productive act. But, "smart and productive" are not in the playbook.
I guess I had 60 votes in the Senate to override, but that was something else. I was hoping to pick up 8 in the Senate and have maybe Sinema and Manchin vote to override on some, more obvious things - like his energy EOs - especially with the House being strongly R. Not to be. So it will be a loooong recession then.
“This is an idiocy born of the basest ‘votes and elections are bought’ political mindset, and gestated in the progressive echo chamber. It's moronic on more levels than I can count. That it's being given serious consideration tells us much about those running our country and our lives. ….”
The economy is in worse shape than they know, or let on. The "millions" of jobs "created" by the administration are just people going back to work after taking extended Covid "snow days" for two years - when the money to stay home dried up. Labor force participation is still well below pre-pandemic levels (see https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm), These aren't "created" jobs - they are/were "idled" jobs. And now, as I predicted previously, $4+ average gas prices and severe supply chain shortages (induced by Covid policies) have tilted the economy into recession with GDP declining 1.2% during the first quarter of this year. (https://www.breitbart.com/economy/2022/04/28/gdp-goes-negatives-1-4/)
So real inflation is running 11% (because you have to count housing and energy costs), labor force participation is weak, the economy is stalled out/shrinking - and the Dems can't throw even more money at the problem (with inflation like this) and the only tool to curb inflation is raising interest rates - which will further drive the economy negative. No altitude and no airspeed is available to stop the crash or keep it from getting worse.
Faced with this disaster on all fronts, what will the Dems do? I predict they'll triple down and go for broke. If they're going to lose the House and Senate anyway, why not? My only hope for the country is that we somehow install a veto-overriding majority in both houses (not likely, but possible) this fall. Then perhaps some of these disastrous policies can be reversed.
A veto-override majority is mathematically impossible - the Dems only have 14 Senate seats at play this election, and that includes CA, CT, HI, IL, MD, NY, OR, and WA, all of which are virtually certain to stay Blue.
Stinks as it does, we are looking at two years of gridlock - barring Biden doing the highly improbable and giving the ..!.. to the progressives and pulling a 1994 Bill Clinton realignment.
Biden could have, with a few Eos, substantially alleviated supply chain problems. Overriding emissions and union rules in CA that have severely bottlenecked container ship off-loading and trucking, even temporarily, would have been a smart and productive act. But, "smart and productive" are not in the playbook.
I guess I had 60 votes in the Senate to override, but that was something else. I was hoping to pick up 8 in the Senate and have maybe Sinema and Manchin vote to override on some, more obvious things - like his energy EOs - especially with the House being strongly R. Not to be. So it will be a loooong recession then.
“This is an idiocy born of the basest ‘votes and elections are bought’ political mindset, and gestated in the progressive echo chamber. It's moronic on more levels than I can count. That it's being given serious consideration tells us much about those running our country and our lives. ….”
Truer words…. Another great, well-reasoned read.