The Fed Has One Job To Do, And Blew It
Posted By: RockyTCB, 3/16/2022 8:12:26 AM
Along with President Joe Biden and Congress, the Federal Reserve has a responsibility to manage inflation, a job it was established to do. And just like Biden and Congress, the Fed has failed at its job. At the Fed’s own website, it states clearly what its primary job is, by law: “Conducting the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.” Well, today, we have neither “full employment” nor “stable prices.” On Tuesday, the government reported that wholesale prices, that is prices just a step before retail, surged 10% in February.
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The old yet always relevant joke is that environmentalists are like watermelons, green on the outside but red(s) on the inside. If there have ever been any delusions to the contrary, they should have been erased by Vladimir Putin’s invasion of Ukraine, paid for by energy bought from Russia because eco-radicals have successfully cut fossil fuel production in the West.
Last week, the Senate Energy and Natural Resources committee held a “hearing to examine the use of energy as a tool and a weapon.” In the hands of Russia, the tool has been sharpened, the weapon made more lethal
As inflation has continued to climb, so have the number of President Joe Biden’s excuses for why he’s not to blame. First, it was a “transitory” effect of the economy rebounding from COVID lockdowns. Then it was the result of supply chain problems because ports didn’t operate 24/7. Then it was due to a lack of competition among beef suppliers. Then it was greed. Now he’s settled on Vladimir Putin.
None of it is true. But the White House is so determined to take advantage of Russia’s invasion of Ukraine it invited TikTok “influencers” to propagandize them. The mainstream press had already fallen in line,
The Fed Has One Job To Do, And Blew It
13 replies
Along with President Joe Biden and Congress, the Federal Reserve has a responsibility to manage inflation, a job it was established to do. And just like Biden and Congress, the Fed has failed at its job.
At the Fed’s own website, it states clearly what its primary job is, by law: “Conducting the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.”
Well, today, we have neither “full employment” nor “stable prices.” On Tuesday, the government reported that wholesale prices, that is prices just a step before retail, surged 10% in February.
Does Anyone Recognize This Country Anymore?
13 replies
The U.S. went through a historical convulsion in the 1960s, and not only survived but emerged restored and optimistic in the 1980s. This time, though, the destroyers are better organized and seem more determined than their predecessors. We hope there are still enough Americans who believe the country is worth defending.
Don’t make the mistake that the political left wants a strong and prosperous U.S., and the only differences it has with the center and right are the methods for how that is achieved. The left, especially its progressive wing of radicals that is taking over the Democratic Party
I&I/TIPP Poll: 65% Say Recent Lifting
Of COVID Restrictions Is Driven By ‘Politics,’
Not ‘Science’ 20 replies
Of COVID Restrictions Is Driven By ‘Politics,’
Not ‘Science’ 20 replies
As COVID deaths wane and the virus appears to be losing its virulence, restrictions imposed during the height of the pandemic are beginning to be lifted. The latest I&I/TIPP Poll shows that most Americans believe the restrictions are largely being eased for political reasons, not science.
The latest I&I/TIPP Poll shows strong sentiment in favor of ending the limits imposed on Americans’ lives due to the COVID pandemic.
Among those queried, 29% they felt that restrictions were being lifted “too slowly,” while 29% said they were being taken down “at the right time.” Less than a third, or 32%, said they thought restrictions were coming off “too fast.”
The other day we received a notice from Google’s AdSense ad network that one of our articles violated its policies and, as a result, they wouldn’t allow any of their network’s ads to appear on that article until we “fixed” the violation.
What was the violation? According to Google, the article contained “unreliable and harmful information.” What does that mean? Dig deeper and here’s how Google describes this particular violation:
“We do not allow content that:
makes claims that are demonstrably false and could significantly undermine participation or trust in an electoral or democratic process.
While running for president, Barack Obama said electricity prices will “necessarily skyrocket” under his energy plan. As gasoline reaches unaffordable heights for many Americans, never forget that the Democratic Party wants to inflict painful energy costs on the country. It’s in its political DNA.
As of Thursday, the average U.S. price for a gallon of regular gasoline was $4.32, the highest ever recorded in this country. A month ago, it was $3.48. A year ago, about six weeks after Joe Biden took the oath of office, it was $2.82.
Recent projections that the U.S. average would peak at $4.25 a gallon
Biden’s Big Energy Lies Exposed
12 replies
President Joe Biden, sorely in need of an alibi as oil and gasoline prices soar and wreak havoc on the economy, now blames Russian President Vladimir Putin’s invasion of Ukraine for the spike in energy prices. In fact, surging oil and gas prices are the inevitable results of Biden’s own foolish green policies.
“Putin’s war is already hurting American families at the gas pump … I’m going to do everything I can to minimize Putin’s price hike here at home,” Biden told Americans Tuesday, as he imposed a ban on Russian oil.
Later, he doubled down on his claim.
The best thing about Joe Biden’s presidency is his penchant for short speeches. It is unclear if he has the stamina for the marathon orations of his predecessor, but certainly the American people do not. The dismal ratings for this year’s State of the Union Address bear that out as they did for Biden’s first address to a joint session of Congress last year.
Who can blame them? The American people have endured much lately. One might not know that from listening to Biden’s remarks on March 1st where he evaluated the state of the union as “strong.” But leading societal indicators suggest a different adjective – “Hobbesian.”
The COVID pandemic unleashed Big Tech censors in a big way. Day after day, a handful of 20-something Silicon Valley leftists tweaked their algorithms to block, demonetize, and de-platform anyone who dared say anything that wasn’t in sync with government talking points, on the grounds that such “misinformation” posed a serious threat to public health. [snip]
So now that COVID is fading from the public’s list of concerns, we can all go back to normal, and socia
l media platforms will once again live up to their promise of being the online public square, open for the free exchange of ideas. Right?
That gasoline prices are becoming unaffordable to many Americans is becoming old news. What got us here, though, is a story unheard by much of the public. It starts and ends with green politics.
As gasoline reaches prices that made it a luxury good during President Joe Biden’s year in office, the White House is considering asking the Saudis to produce more oil. At the same time, the administration apparently wants more oil from Venezuela, which is languishing under a dictatorship that’s squarely aligned with Russian President Vladimir Putin, and Iran, a member in good standing with the axis of evil.
“Joe Biden is frantically searching the globe
I&I/TIPP Poll: 56% Blame Biden’s Afghan
Debacle For Ukraine Invasion, Fear Putin
Will Use Nukes 11 replies
Debacle For Ukraine Invasion, Fear Putin
Will Use Nukes 11 replies
Americans are deeply unsettled by Russian President Vladimir Putin’s decision to invade neighboring Ukraine, a just-released I&I/TIPP Poll shows. The March public opinion survey shows Americans fear a widening of the conflict could lead to the involvement of U.S. troops and even the use of nuclear weapons by Putin’s Russia.
President Joe Biden’s White House and its supporters in Congress are telling a story of America boldly stepping up to lead Europe in its response to the threat of an aggressive Russia. It’s been repeated by some in the mainstream media.
But a solid majority of Americans are focused on something very different:
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World War Two hero Audie Murphy, former Secretary of State Colin Powell and ex-President Dwight Eisenhower are set to have their names used on US military bases whose titles honor Confederate figures. Murphy, a former US Army soldier, became the most-decorated serviceman of World War Two. Powell was the first black person to serve as Secretary of State, between 2001 and 2005, and died last year. Eisenhower was a hero World War Two commander who later served as president between 1953 and 1961.
RINO Ben Crenshaw labeled Americans who don’t want to send their children to war with Russia in Ukraine, Putin apologists. When he did this on FOX News he was called out.
Ben Crenshaw was on FOX and Friends on Thursday. He told the audience how disturbing it was to him that anyone would oppose not going to war against Russia. When Rachel Campos-Duffy said most Americans question US involvement in such a war he lost it.
University of Pennsylvania swimmer Lia Thomas made history Thursday as the first openly transgender person to win a Division I national championship.
Thomas, a senior on the women's swim team, finished the 500-yard freestyle at the front of the pack in 4 minutes, 33.24 seconds at the McAuley Aquatic Center in Atlanta. "It means the world to be here," Thomas said in an interview after the win. Thomas competed against University of Virginia freshman Emma Weyant, University of Texas freshman Erica Sullivan, and Stanford University senior Brooke Forde. Thomas ended up finishing 1.75 seconds ahead of second-place Weyant.
Start Walking: International Energy Agency
Calls for Urgent Restrictions on Domestic
Oil Supplies 28 replies
Calls for Urgent Restrictions on Domestic
Oil Supplies 28 replies
Give up your car and start walking. That’s an order. The International Energy Agency (IEA) on Friday directed global governments to urgently cut oil supply to domestic consumers and encourage compliance with its call for lowered consumption.
The IEA 10-point plan to drive “changes in the behaviour of consumers” and reduce gas demand at the pump includes reducing speed limits, working from home three days a week, more electric cars, car-free Sundays, more cycle lanes, cheaper public transport and greater use of long-distance trains over planes.
The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia
Fauci Says He’s Considering Stepping Down
25 replies
Dr. Anthony Fauci said in a new interview that he is considering stepping away from the position he’d held since 1984.
Fauci, the longtime director of the National Institute of Allergy and Infectious Diseases (NIAID), was asked during a podcast released March 18 whether he was mulling retirement or transitioning to a less-demanding job.
“I certainly am because I’ve got to do it sometime,” Fauci, 81, said.
“I can’t stay at this job forever, unless my staff is going to find me slumped over my desk one day. I’d rather not do that,” he added.
Fauci was appointed to his position in 1984 during the Reagan administration.
The Department of Homeland Security is considering calling on volunteers for reinforcement at the southern border, fearing an onslaught of migrants that would far outweigh its resources. The U.S. could be just hours away from another wave of mass migration if the Biden administration lifts Title 42, a provision border agents have relied on to quell the border crisis during the pandemic.DHS Deputy Secretary John Tien asked employees 'to consider stepping forward to support the DHS Volunteer Force,' according to an email, more than a year after the volunteer force was activated for last year's migrant surge.
Maserati is planning to create an electric version of all of its super sports car models by 2025, and ax all gasoline engines by 2030-despite the sports' cars famous engine roar being one of the key reasons motoring enthusiasts buy them. The Italian sports car firm, which has fallen behind rivals Ferrari and Lamborghini in recent years, says it will offer an electric version of all its cars by 2025-and plans to scrap gasoline engines entirely by 2030. 'That's the landing spot,' Maserati CEO Davide Grasso said of the eight-year project. 'It will affect different parts of the world with a different type of speed, depending
The Biden administration knows it has a looming “mass migration event” in the very near future when it ends the use of Title 42 at the southern border. The Department of Homeland Security (DHS) quietly set up the Southwest Border Coordination Center (SBCC) to coordinate its response. Think of it as a war room to game out the coming flood of illegal migrants to the southern border.
I say that SBCC was quietly created because before the reporting today by Axios, the war room wasn’t reported on in the media. The reason for the nervous preparation for a mass event is because with the pandemic essentially ending,
Until sanity is restored in our country, records will show that Lia Thomas was the winner of the 2022 women’s NCAA 500-yard freestyle event. However, we all know the story behind Thomas by now. Lia is not a woman, but a man identifying as a woman. Anyone interested in the sanctity of competition, biological integrity, and saving women’s sports, should celebrate Emma Weyant, the actual woman who won the 2022 women's NCAA 500-yard freestyle event on Thursday night.
The records will show that Weyant finished in second place behind Thomas. But Weyant is the actual she who should be recognized as champion. Thomas’s victory represents everything that detractors feared
Irving, Texas—Democratic candidate for governor Beto O’Rourke is looking for ways to close a persistent gap in the polls with Republican Gov. Greg Abbott, backing off his far-left stance on border security, gun ownership and other hot-button issues.
The O’Rourke pivot is a glaring bid to turn out the party’s more moderate base and win over independent voters in the conservative state.(Snip)Polling shows Mr. O’Rourke consistently lagging behind Mr. Abbott, though only by single digits, leading some analysts to predict a close race. Since announcing his candidacy in November, Mr. O’Rourke has shifted his position on key issues, including gun rights, border security and school curricula.
Vladimir Putin will edge closer to deploying a nuclear attack if Ukraine continues its valiant pushback against the invasion of Russian troops, a top US defense official warned.
Lieutenant General Scott Berrier, director of the U.S. Defense Intelligence Agency detailed the grim concerns in a new 67-page summary of global threats on Thursday.It raises the specter of a possible nuclear attack on Kyiv, the Ukrainian capital which has so-far resisted Russian advances, and said a desperate Putin posed a threat to the whole world.
A same-sex kiss has been restored to the final cut of Pixar’s upcoming animated film Lightyear after LGBTQIA2S+ employees and their allies complained that Disney executives had censored “overtly gay affection” in the company’s films, according to a report by Variety. A source close to the production told Variety that Lightyear features a female lead who is in a relationship with another woman, and a kiss between the two characters had been cut from the film. The gay kiss was added back into the movie last week, following the outrage from a woke mob at Pixar Animation Studios.(Snip)Earlier this month, DeSantis debunked leftist falsehoods on the bill,