As expected the high-turn consumable goods are starting to rise in price rapidly.  The Bureau of Labor and Statistics (BLS) has released the consumer price analysis from April (remember there’s a big lag) [Top Line Data Here – Detailed Sector Data Here]  The trend is rapid inflation continuing with no end in sight.  CORE inflation just jumped the most since 1982.

Overall prices are up 4.2 percent year-over-year, which is three times the rate of inflation under Joe Biden than under President Trump.  Inflation hurts the lower and middle economic class much harder; and the specific inflation sectors show massive increases on the goods and services that blue collar workers use most.

It is specifically the Biden economic policies that are to blame for the scale of these increased prices.  Inflation of this scale is an outcome of policy.

Biden is focused on helping multinationals and Wall Street; President Trump was focused on helping small businesses and Main Street.  We are now seeing the impact from these two differing economic priorities.

Regular unleaded gasoline is up a whooping 51.9 percent from last year [Table 7].  Higher gas prices directly hit the middle class the hardest and also increases the cost of transporting all goods.  Keep in mind this is a snapshot of prices approximately six weeks ago and gasoline prices have been rising even more rapidly recently.  Not good news.

The status of the economy, the employment picture and the stimulus money shows up in the cost of used vehicles rising over 22% last month and 21% compared to last year.  People are holding on to their vehicles and when able purchasing newer used vehicles, reflected in the lower inflation on new cars and trucks (2%).  Paycheck and wage security is becoming an issue again, especially with the cost of gasoline and food.

(more…)

Rising unemployment, massive inflation, “stagflation” and now gas lines…  Looks like that recent meeting with Jimmy Carter was about recreating the 1970s.

The White House responds to fuel shortages appearing in the mid-Atlantic and southeast:

“The President continues to be regularly briefed on the Colonial Pipeline incident.  The Administration is continually assessing the impact of this ongoing incident on fuel supply for the East Coast.

We are monitoring supply shortages in parts of the Southeast and are evaluating every action the Administration can take to mitigate the impact as much as possible.  The President has directed agencies across the Federal Government to bring their resources to bear to help alleviate shortages where they may occur.” (read more)

The statement from the White House is a little obtuse, considering the administration has yet to waive the Jones Act to streamline fuel transportation.

To be fair, the current areas running out of gas are more likely a combination of panic purchasing than an actual fuel supply issue.  However, as seen in regions where hurricanes lead to panic purchasing, the lack of fuel can be an issue that cascades quickly.

(more…)

The White House occupant appeared today to deliver remarks on some key issues that are catastrophic to the long-term goals of the leftist administration.

First, let’s be clear; there’s no-way the Chicago control agents would allow the installed occupant to speak on any issue, publicly, that was not a direct and measurable threat to their long-term goals.

The remarks today by Joe Biden are carefully scripted to diffuse political damage that is pending as a direct outcome of the executed policies.

The risks and remarks are in the following order:

(1)  Gas Prices – The JoeBama energy policy is “necessarily” making fuel prices at the pump jump dramatically.  The teleprompter is loaded with disinformation to place the blame for higher gas prices upon a pipeline hack, which JoeBama intentionally points out is a private sector issue – that now needs government intervention as part of his infrastructure program. This nuanced shift is clearly part of the Chicago maneuver toward socialist control of all levels of energy development and distribution.

The political risk is obvious.  Massive increases at the gas pump will hit the middle class extremely hard.  Democrats are to blame for these gas prices and they are worried about the political fallout.  Ergo, JoeBama is told to read his script.

(2) Mass Unemployment  and Terrible Jobs Numbers –  The COVID bailout has created massive incentives for people not to return to work.  It is only not a laziness and comfortable dependency issue, it is also an economic decision.  Low wage workers can make more sitting at home getting unemployment to combine with their COVID bailout money than they can returning to work.

(more…)

The Federal Bureau of Intentional Lying (FBI-L) has claimed the Colonial Pipeline Network was compromised by a hack from Darkside Ransomware:

“The FBI confirms that the Darkside ransomware is responsible for the compromise of the Colonial Pipeline networks. We continue to work with the company and our government partners on the investigation.” (LINK)

When the state police tell us something prudence dictates we evaluate their motive against previous state police statements and make an independent decision.  That’s the basis of not being a victim to professional lying.  That said, which is more likely:

A) A random cyber-hack from a dubious eastern-European source, has compromised the refined fuel capacity in the United States?

~ OR…

B) The FBI, a political division -and state police- acting on behalf the U.S. intelligence community, are making this claim in order to provide cover for the Biden administration’s purposeful policies that are skyrocketing the price of fuel?

(more…)

The Bureau of Labor Statistics highlights some alarming inflation numbers today [Link Here] that are unfortunately, not unexpected…. unless you are a liberally trained economist (most of them) and so the results are surprisingly “unexpected”.    But the actual JoeBama-nomic policy is even worse because wages increased less than inflation increased, so real wages (actual purchasing power) decreased.  That spells trouble, Trouble.

Middle-class wage earners already know this problem; you are seeing it at the gas pumps and at the grocery store.  Fuel prices are rapidly increasing and the amount of inflation in the ‘at home’ food industry (grocery store) is even more concerning.

Let me first walk through the data and then provide some forward analysis with tips to help you offset what is about to hit.

First, it is important to know that BLS price survey data lags actual prices as felt today.  The prices you are seeing today/tommorrow at the store and gas pump will not show up in the rolled-up data for over a month….  So the data released today is unfortunately far behind what you are witnessing in real time.

Gas prices rose last month by 9.1%.  The year-over-year inflation number is an alarming 2.6 percent last month.  Keep in mind that retail grocery prices are not in the inflation number, and they generally follow the same price index as fuel; so it is safe to say monthly grocery store price increases are in the 8 to 10 percent range.

Part of the reason gas and food track together is fuel and energy prices are the #2 cost within the food sector.  With packaging prices increasing; with fuel prices and distribution costs increasing; with energy prices increasing; all costs associated with food production, processing, delivery, warehousing and distribution, all end up in the final price at the grocery store.

(more…)

This is a specific example that needs to be drilled down quickly so that people with only a cursory interest in politics can understand how it impacts them.  Biden’s $1400 stimulus checks are useless, literally wiped-out, when compared with the increase in gasoline prices already in place as part of the Biden energy policy.

Gas prices have already jumped $1/gal in most areas as a result of Biden killing the oil production energy sector.  Factor in the increased transportation costs for goods and services, including the costs associated with deliveries of home meals, Uber rides, products delivered, airline charges; and the gas price increase hits the family checkbook far beyond the $1400 provided for stimulus.

Add to that charge and the increases in electricity prices, together with the increase in product costs that are based on petroleum (rubber, plastics, containers etc), and you can see how the increased cost of Biden’s ridiculous energy policy hits families even harder.  But wait…. it gets worse…. If that were already not enough of a problem, Biden is now proposing a mileage tax on top of a gasoline tax increase that will hit the middle class much harder. [SEE Video at 01:30]

The middle-class commutes to work much more than all other sectors.  Any increase in gas prices, gasoline taxes or mileage taxes hits the blue-collar worker at a disproportionate rate.  A proposal to install a mileage tax does nothing but add another cost onto the American middle-class.

This is an issue of leftist policy, as the far-left now move to push their climate change agenda and simultaneously push federal infrastructure spending.  Of course, in order to keep advancing their severe leftist agenda, the democrats have to pretend not to know things.

(more…)

Former U.S. Ambassador to Germany and Acting Director of National Intelligence, Richard ‘Ric’ Grenell, discusses the ideological flaws within the JoeBama foreign policy as it is being rolled out and our adversaries are laughing.   The interview begins with a discussion of the embarrassing U.S-China summit in Alaska, where Chinese officials dressed-down U.S. Secretary of State Tony Blinken.

As Grenell notes the policies of many ideologically aligned leftist nations (ie. Germany, South Korea) are in conflict with their ‘western’ values as expressed.  This has been evident for decades.

The example of Germany contracting with Russia for natural gas (Nordstream II pipeline), while not fulfilling their NATO funding commitments, is just one aspect.  South Korea presents a similar ideological hypocrisy regarding China/DPRK.  Angela Merkel and Moon Jae-In are not coincidentally aligned with Obama’s leftist world-view.

https://youtu.be/IkZVV6IPEWs

ANALYSIS – The Obama foreign policy doctrine was fraught with ideological hypocrisy as a feature not a flaw.  Claim a desire for mid-east peace, set the middle-east on fire with the Arab Spring (Obama Cairo speech).  Claim a desire for middle-class workers, yet facilitate corporate offshoring.  Claim a desire for Israeli security yet attack Egyptian President Fattah al-Sisi for creating Israeli security.  Accept a Nobel Peace Prize, set Libya on fire and kill thousands.  Accept a Nobel Peace Prize, then attack Syria.  Hypocrisy, hypocrisy, hypocrisy.

Champion women’s’ causes on stage, yet embrace Turkey and the Muslim Brotherhood who devalue women.  Claim to support democratic elections, then undermine the majority election outcome of the British vote in Brexit.  Everything, every – single – thing, about the Obama foreign policy was an exercise in hypocrisy.  There were ZERO foreign policy successes, NONE.  What we are seeing now is the same thing with Biden, because it is an extension of Obama’s third term.  Hence, JoeBama.

(more…)

The United Auto Workers are angered about a decision by Ford to move production of a new electric vehicle from Avon Lake, Ohio, into Mexico.  Ford previously agreed to spend $900 million on a new product line for the Ohio plant; however, according to the UAW the location has shifted.

One way of looking at this change in direction from Ford relates to the cost of producing electric vehicles.  First, it is far less expensive in Mexico (labor, environmental regulation, energy costs, etc); secondly, an outlook the new Biden administration will not strongly enforce USMCA compliance measures against U.S. multinational firms.

The UAW supported Joe Biden, but his policies will likely undermine their workers.  Unfortunately, this was all too predictable.   Partly because Biden-Harris owe Wall Street too much, and the multinationals are once again in control over the U.S. economy.

(Via Reuters) […]  The UAW said Ford in 2019 as part of its four-year contract agreement had committed $900 million for the plant in Avon Lake, Ohio, including a next-generation product to be added in 2023, which the UAW letter said would secure the plant’s “employment well into the foreseeable future.”

(more…)

Following in the footsteps of Mitch McConnell, Decepticon Senator John Barrasso vows to support DeceptiCon Senator Lisa Murkowski (U-DC, via Alaska) if she seeks re-election.

Murkowski voted to impeach President Trump and Trump has vowed to campaign against Murkowski in the 2022 GOP primary.

WASHINGTON DC – Sen. John Barrasso said Sunday he’d back Alaska Sen. Lisa Murkowski for reelection, breaking with former President Donald Trump not long after he vowed to campaign against her.

“I want to always make sure we nominate somebody who can win in November,” Barrasso, the No. 3 Senate Republican, said on NBC’s “Meet The Press” of the 2022 midterm elections. “Lisa Murkowski knows Alaska better than anybody, and she’s an incredible fighter for American energy.” The Wyoming Republican cautioned that Murkowski — who has held her seat since 2002 — has not officially declared she would seek another term, but “if she does, I’m going to support her.”

(more…)

When President Obama was in office gas prices soared to more than $5/gal.  When President Trump took office he unleashed the energy sector and we became energy independent for the first time driving gas prices down.  Now reports of the current JoeBama policy impact show gas prices likely to top $4.00/gal next year.

WASHINGTON – […] Since Election Day, gas and crude oil prices have jumped. In the United States, gas prices are up 18% and oil nearly 50%.

Said another industry expert, “In four years, we had made the U.S. energy independent and denied the bad guys the ability to control global oil prices. The Democrats undo it in two weeks. Just incredible.”

(more…)