It took a few years for people to admit the truth – life in America has drastically downgraded under Biden. Inflation has surged to 40-year highs under Biden. The US trade deficit has increased by 24.6%. Public debt has increased 22.5% as most Americans rely on credit for basic necessities. Home prices have increased well over 30%, gas prices have doubled, and the CPI in general spiked 17.1% in Biden’s first 32 months in office. I do not believe the inflation statistics produced by government agencies for a moment. Simply look around and you can see that we pay more for absolutely everything.
A recent poll published by the Financial Times found that only 14% of Americans believe they are better off financially under Biden. Those people are likely on welfare. The poll also found that 70% of American voters feel Bidenomics have hurt the economy or had no impact, with 33% saying they “hurt the economy a lot.” These numbers are staggering, as no president in recent history has managed to catapult the country into such a dire situation.
Over half (52%) of respondents to the poll said they had no idea what the president even had planned to revive the economy. Now Biden, who is not campaigning, is touting he needs to “Finish the job!” All Americans are begging him not to finish the job, as that would include completely destroying America and passing it over to the globalists to Build Back Better.
The 2023 Asia-Pacific Economic Cooperation Conference will be held in San Francisco this year. Those I know in the area have said their city seemingly changed overnight. The homeless mysteriously left, the litter had been cleaned from the streets, and urine and feces washed away. The graffiti has been covered, and roads have been repaved. The people of San Francisco can feel safe in their own homes for the first time in many years.
But this has happened many times over. I recall when Pope Francis came to visit Philadelphia. The homeless population magically disappeared and tent cities were dismantled. The city even funded rebuilding sections of the airport to make the city look safe and clean. A few weeks later, after the influx of Catholic tourists had left, the city reverted to the way it was before.
San Francisco has fallen. Crime is rampant, criminals are not prosecuted, and the cost of living has made it impossible for the average person to continue living there. Why pay for premium real estate in a city that is filthy and dangerous? Tourism is dead. Tax dollars have fled the city as those with the resources are fleeing. The city has been operating at an extreme deficit for many years as it continues throwing money at the drug and homeless crises rather than implementing fixes.
Gavin Newsom again doubled down on his clean up of San Francisco for Xi:
China’s Xi Jinping’s coming presence in San Francisco has promoted the government to reclaim the city. Clearly, they had the means to do this all along, but they would not have used those resources on US citizens. Numerous world leaders have commented that America has fallen. They have seen the condition of our current cities and realize that we are no longer the land of the free where the streets are paved in gold.
Posted originally on the CTH on October 20, 2023 | Sundance
The people behind Joe Biden have put together a single $106 billion request of financial support intended to force Congress to fund the priorities of the Obama/Biden U.S. foreign policy.
The supplemental appropriations request [SEE HERE] also includes funds to support the continued flow of illegal aliens at the southern border.
WASHINGTON – […] All told, the request includes $61.4 billion for Ukraine, including $44.4 billion to provide Department of Defense equipment for the country, to replenish weapons stocks and to continue providing other military support. The administration is also asking for $14.3 billion for Israel and $9.15 billion for the State Department to provide humanitarian assistance to Ukraine, Israel and Gaza.
[…] In addition to the funds for the two wars, the White House is also asking Congress for $13.6 billion to address migration at the southern border. That includes $6.4 billion for border operations, such as holding facilities, $3.1 billion for additional border agents, $1.4 billion for migrant shelters and services and $1.2 billion to counter fentanyl. (read more)
Karine Jean-Pierre must take a deep breath when Peter Doocy enters the room, hence why she rarely calls on him for a question. Doocy has become emboldened with his inquiries and is one of the only journalists willing to ask the tough questions. Doocy’s latest doozy: “It seems like the hurricane response so far is robust. Did you guys realize that the initial Hawaiian wildfire was not that good or is it just easier for people to get help from the White House when [Biden] is not on vacation?”
Biden’s propaganda specialist replied by saying the current administration replied in record time. “So, the premise of your question & the way you posed [it], I disagree…If you talk to…the governor…the folks on the ground, they would say…[he] reacted in record time,” KJP stated. Biden’s first response to the Maui fires was, “No comment.” The island was burning down and Biden sat idly on a beach Delaware for ten days without a care in the world. He offered the people of Maui $700, a mere fraction of what he gave to the people of Ukraine that same week, and did not rush to visit the island. The people did not want him to visit anyway.
The people of Maui booed Biden when he arrived and set up signs after he left to show how displeased they were. Biden made jokes about the ground being hot and then said he could empathize with the people who lost everything, as he once almost lost his corvette in a fire.
Joe Biden has spent 40% of his time in office on vacation. He has taken 360 vacation days since taking over the White House amid one of the worst multitudes of crises in US history. This proves that someone else is in control. No one in any occupation could take off 40% of the time and do their job effectively.
I have said that the reason they indicted Trump’s valet as a co-defendant in the Mar-a-Lago, was to pull the standard “extortion” where he is to perjure himself for the government or face 120 years in prison. This is how they win Conspiracy Cases. Federal Judge Jed. S. Rakoff wrote a book on the extortion process – WHY THE INNOCENT PLEAD GUILTY AND THE GUILTY GO FREE.
They cannot win a conspiracy case without extorting someone to testify against their target. That was the problem they had in my case, there were no co-defendants. Both Trump’s case and the state of allegations against the Biden family from whistleblowers illustrate how the Rule of Law in the United States no longer exists. This is the final straw behind the collapse of the United States. The allegations against Assistant U.S. Attorney for Delaware Lesley Wolf claims that she warned Hunter Biden’s attorneys about potential scrutiny on a storage unit the first son used. For the prosecutor to call and warn Hunter’s lawyers where the IRS wanted to look for the smoking gun is just unimaginable. This has become a shit show and whatever integrity the United States once had in support of life, liberty, and happiness being the beacon of freedom to the world no longer exists.
Then we have this Special Prosecutor using a pro-government grand jury in Washington to indict Trump when the case would have to be brought in Florida under the venue requirement of the Sixth Amendment, which is a constructive amendment of the Constitution. The King would indict you in London, then transport you back to London for a trial because the American colonists would have delivered a fair verdict. This is why the Sixth Amendment clearly states:
Amendment VI
In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the state and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the assistance of counsel for his defense.
This is precisely where this Special Prosecutor is going. Indicting Trump in Washington where the grand jury will be more likely than not government employees and Democrats, but the venue clause requires Trump to be charged where the crime took place and that is Florida. Smith is doing the EXACT same thing that the King of England did for which we had a Revolution.
They did not prosecute Richard Nixon and they did not prosecute Bill Clinton when they also had him on perjury charges. Hillary’s private servers with classified documents were set up so her emails would not be accessible under the Freedom of Information Act had they gone through the State Department, which was obstruction of justice. Nobody was ever charged because it would have resulted in civil unrest since the country would be divided. This time, they just do not care. It seems as though they KNOW this will cause civil unrest and they want that to unfold so they can justify even more crazy actions of locking us down again.
30 years ago, Washington was always corrupt. The difference was they at least tried to hide it. Today, they no longer care what you think because they will rig the election and you are no longer needed. The corruption is just open and they are laughing at us all the time as we are a gaggle of fools.
The one thing many people are noticing is that tensions are rising. People are frustrated. Some are stabbing people in shopping malls all of a sudden and others get killed over a parking spot. The COVID lockdown has unhinged many and society is becoming more hostile year by year. This is also a precursor to the rising civil unrest we see coming.
These are forecasts made years in advance. We had a serious Directional Change in 2022 and we were expecting a rise in 2023 with this all exploding by 2025. These people really think that they can do whatever they want because we will shut up and do as we are told. This is going to erupt and this 2024 election will be rigged and the entire world will know that because they no longer care to even hide their agenda.
Posted originally on the CTH on August 10, 2023 | Sundance
Several people have made queries about the current state of our national economic condition against the backdrop of disconnected data points that seemingly conflict. Here’s my review.
July and August are key months to gauge the prior six months of U.S consumer positioning.
Why?
Because all advance purchase orders for the U.S. holiday season are made in May, June and July for inventory builds and delivery schedules for September. The decisions made by purchasing officers in late spring and early summer, reflect their predictive analysis for the holiday season.
Inventories are evaluated, critical financial discussions are held, and orders are placed for September arrival and distribution. This predictive activity is what we see in the July and August data that flows from the global, multinational and shipping corporations who facilitate the transfer of the goods. Check what is happening in distribution, and you can see what eventually creates the boxcar effect in the supply chain that ultimately leads to shuttered manufacturing.
Those who are involved in the business of shipping goods are signaling the flares around the state of the consumer economy and what will happen. At the same time, the wording is almost hilarious in this era of great pretending. Instead of saying ordinary words like “poor sales results for durable goods,” the parseltongue calls sales, “destocking.” Example: “CEO Vincent Clerc said he saw no sign that the destocking which has curbed global trade activity would end this year.”
Global shipping company Maersk is warning that shipping volume is low because warehouse inventories are high. The goods are unsold.
(Reuters) – […] CEO Vincent Clerc said he saw no sign that the destocking which has curbed global trade activity would end this year.
“We had expected customers to draw down inventories around the middle of the year, but so far we see no signs of that happening. It may happen at the beginning of next year,” Clerc said at a media briefing. “Consequently, the uptick in volumes we had expected in the second half of the year has not occurred,” he said. (read more)
The lack of shipping leads to a review of inventory status for the warehouses who would receive the goods.
Bulging Warehouses – […] A review of corporate statements and briefings shows more than 30 U.S. and European companies, including Hugo Boss, Heineken and A.P. Moller-Maersk, 3M Co and Stanley Black & Decker complained that destocking hurt their second-quarter performance.
Retailers particularly have struggled with stocks of clothing and footwear as consumers splurge on holidays rather than goods as they did during pandemic lockdowns.
The downbeat outlook comes amid low expectations for second-quarter results as China’s post-pandemic recovery slows. Refinitiv I/B/E/S data shows U.S. and European companies are expected to report their worst quarterly results in years.
Companies which stockpiled last year are finding it harder to shed inventories when higher borrowing costs and inflation crimp consumer demand, corporate executives and analysts said.
In the euro zone, stocks of finished products hit records in August last year and destocking only started in May, based on latest euro-zone manufacturing data.
In the U.S., an analysis of U.S. Bureau of Labor Statistics by CFRA Research showed business inventories soared by 20% in mid-2022, the biggest jump on record based on data that goes back to 1993. Retailers led the trend – raising inventories by a quarter from a year earlier.
The date in this next paragraph is key:
[…] The U.S. inventory-to-sales ratio was 1.4 in May, up from 1.33 a year ago, which means retailers, manufacturers and wholesalers have more inventory than they can sell at a higher rate than a year ago. (link)
When purchase order decisions for the holiday season of 2023 were being made, the inventory levels were higher than 2022. This is KPI (Key Performance Indicator) data, because the holiday of 2022 was a total mess.
Holiday sales last year were exceptionally weak as wage earners were struggling to pay for higher prices in essential goods and services, fuel, oil, heating, energy, gasoline, food and shelter. The lack of consumer purchasing for non-essential goods and/or luxury items resulted in poor sales last year, and the inventory levels are actually higher this year than last year when this year’s purchasing decisions were being made. That reality drops purchase orders. The dropped purchase orders lead to Maersk saying they are shipping less goods.
Now, let’s get USA domestic…. because it’s all connected. For that let’s turn to the U.S. Postal Service:
USPS DATA – First-Class Mail revenue increased $221 million, or 4.0 percent, on a volume decline of 678 million pieces, or 5.9 percent, compared to the same quarter last year. Shipping and Packages revenue remained relatively flat while volume declined 41 million pieces, or 2.4 percent, compared to the same quarter last year.
Marketing Mail revenue decreased $333 million, or 8.8 percent, on a volume decline of 2.6 billion pieces, or 16.0 percent, compared to the same quarter last year. The Marketing Mail decreases were driven by the continued decline in advertising spending due to economic pressures experienced throughout most of the fiscal year, a higher inflationary environment affecting print media production costs. (link)
So, let’s put it all together….
Consumers did not buy stuff. As a result, spring inventories were high. Purchasing managers forecast weak sales. Summer purchase orders were very low. Shipping companies reflect declines in shipping because the purchase orders were low. Advertising and marketing budgets were cut to meet the decrease in consumer spending. Consumers are not forecast to spend this holiday season.
The economic pie is getting smaller.
Keep in mind, this is all intentional. This is all part of the outcome from “managing the transition” to a new energy economy.
As you are well aware the various western nation central banks including the U.S. Federal Reserve, are raising interest rates into a global economic contraction, a drop in demand. Raising interest rates into a contracting economy is counterintuitive, it runs against the expressed interest of government to grow economic conditions. However, there is a purposeful design to the contradiction. [A TLDR Version Here]
The central bankers are trying to support western government policy. Unfortunately, the government policy they are under obligation to support is the fundamental energy shift, or what the World Economic Forum (Davos Group) has called the “Build Back Better” climate change agenda.
Monetary policy can only impact one side of the inflation challenge. The western bankers (EU central bank, U.S. federal reserve bank, and various banking groups) are raising interest rates in order to “tame inflation” by “taming demand.” However, as you know the global economic demand has been declining for several quarters. Raising interest rates into an already contracting economy only does one thing, it speeds up the rate of economic contraction.
Economic contraction is the lowering of economic activity. Raise interest rates -in a general sense- and businesses invest less, borrowers borrow less, consumers purchase less, employers expand less, and the economy overall slows down. When the economy turns negative, meaning less products and services are produced, we enter a recession. Some businesses and employers do not survive a recession and subsequently unemployment rises.
During recessionary periods people buy less stuff, people have less income stability, and economic activity drops. When the banks raise interest rates into an economy that is already stalled or contracting, unemployment and general pain on Main Street increases. Workers are laid-off, incomes shrink, consumer spending drops and that leads to less employment. Recessions are bad for middle-class and working-class people.
However, that said, there is one benefit from a recession…. Energy use drops.
Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet Yellen. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement. The last time an AA+ rating was issued was August 5, 2011, and the market took a hit.
In 2011, Standard & Poor cut its rating also after a debt ceiling crisis caused by politicians. The global markets felt the impact of that news. Fitch has been warning of a possible downgrade since May 2023, due to the massive debt burden and political mismanagement. The White House continued its spending spree and our politicians could not agree on a limit for the debt ceiling. The warnings were there.
It is concerning that Yellen is trying to stifle this news. “I strongly disagree with Fitch’s decision. The change announced today is arbitrary and based on outdated data,” Yellen insisted. Again, this is the same woman who insisted, along with Powell, that inflation was transitory and nothing to be concerned about. Yellen believes some of Fitch’s models do not accurately indicate the state of the US. Yell said “governance,” under Joe Biden, has improved due to mass infrastructure packages and investments in America that will make the country more competitive.
Yellen and others refuse to admit that the United States has deteriorated under the Biden Administration. “Governance” is one of the nation’s weakest points right now, but that would put blame on the current administration. The right and left are more polarized than ever and cannot agree on anything. The US government is heavily investing in one foreign government to fuel the proxy war while lining the pockets of “the big guy.” This administration has ruined America and there is no sugar coating what’s to come.
Posted originally on the CTH on August 2, 2023 | Sundance
Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.
Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.
In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.
(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.
Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.
[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.
U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”
[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.
After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.
In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)
What do Barack Obama and Joe Biden have in common? They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.
“Platitudes”, that’s the best word to describe what the DeSantis campaign previously claimed would be a substantive economic policy outline from the Florida governor. As the policy was unveiled in New Hampshire yesterday, I watched it all {Direct Rumble Link Here} to see what it would cover and how DeSantis would deliver it. Summary, major fail.
First, I must admit to coming to any economic policy outline as presented with a laser focus. You tell me you have an economic policy, and you have my full attention. Why? Because the economic policy of a federal candidate will ultimately determine monetary policy, fiscal policy and foreign policy. It is the only national policy we cannot affect from a local level, yet we are necessarily impacted by it and cannot avoid it.
MAGA starts with MAGAnomics. So, to say I get into the weeds on this, would be a soft understatement.
Unfortunately, but not unexpectedly, what Ron DeSantis outlined yesterday was a series of 10-point meaningless platitudes. If the UniParty policy teams of Pete Buttigieg and Kamala Harris got together over a weekend with Mitch McConnell and Kevin McCarthy, they would create a think-tank-driven UniParty economic policy outline very similar to what Ron DeSantis presented yesterday.
Platitudes, soundbites and structurally incoherent gibberish – presented with a word assembly that amounts to nothing.
“We will declare our economic independence from the failed elites that have orchestrated American decline, from the reckless federal spending that has inflated prices and plunged this nation to the brink of bankruptcy.” ~ Ron DeSantis 7/31/23
Declare away doofus, you can declare all you want but it takes an actual set of targeted actions to move from declaration to outcome. Those same “failed elites that have orchestrated American decline” are the same people financing your run for office.
I’m sure somewhere in a Pete Buttigieg kind of way, that soundbite might have seemed like a good sentence; but in reality, it’s gibberish and parseltongue.
You can see the 10-point outline above. Generally speaking, when the ten points are outlined the speech and accompanying policy therein would describe exactly what action takes place in each of the points…. Nope, not for DeSantis it doesn’t. Instead, what DeSantis does in his policy framework is take each of the ten points and then describe what they mean.
DeSantis describes what is referenced by each of his ten points, he does not outline the specific action that takes place within them. That’s how you can tell when a think-tank puts meaningless platitudes into a format for a candidate to speak. In this instance the think tank is the stunningly typical Club for Growth, U.S. Chamber of Commerce and the multinationals who are funding the DeSantis campaign operation.
DeSantis will end our abusive relationship with the CCP, reverse our ever-increasing trade deficits, ban imports of goods made from stolen intellectual property, strengthen protections to stop child and forced labor, and end China’s preferential trade status.
DeSantis will demand that American companies act in accordance with American interests — which means preventing companies from sharing critical technologies with China and banning the sale of strategic assets like farmland to CCP members and their affiliates.
DeSantis will incentivize the repatriation of U.S. capital from China through strategic tax abatements and aligning market incentives with strategic goals to help secure our supply chains and invest in America.
.
“DeSantis will end our abusive relationship with China.” How? Doesn’t say.
“DeSantis will demand”…. How? Doesn’t say.
“DeSantis will incentivize”…. How? Doesn’t say.
See the problem?
The era of hopeful optimism that a Republican candidate will actually take an action to fulfill the policy “demand” is over. The rustbelt sits there, staring at any Republican politician who would dare say the Republican Party has protected Main Street from the vulture capitalism of Wall Street.
This DeSantis economic policy is an assembly of meaningless platitudes with no substantive action presented as policy to back up the intention. Worse still, not only is there no action outlined, but there’s also no action that could be outlined that is not against the interests of the very people who put the outline together.
The people constructing this language (for DeSantis to read) have no intent, thought or purpose of actually doing anything to act upon any of the economic issues. Within all of the remaining nine points it’s the same. It’s all meaningless gibberish.
Compare the DeSantis policy to the Trump policy. Here’s Trump’s “AGENDA 47”China plan:
♦ENDING RELIANCE ON CHINA: President Trump’s America First trade policy will completely eliminate U.S. dependence on China–the primary beneficiary of Democrats’ globalist agenda.
In addition to universal baseline tariffs on most foreign goods, President Trump’s plan will reclaim our economic independence from China. President Trump will revoke China’s Most Favored Nation trade status and adopt a 4-year plan to phase out all Chinese imports of essential goods—everything from electronics to steel to pharmaceuticals. This will include strong protections to ensure China cannot circumvent restrictions by passing goods through conduit countries.
President Trump will establish new rules to stop U.S. companies from investing in China and stop China from buying up America, allowing only those investments that serve American interests.
President Trump will ban federal contracts for any company that outsources to China. (link)
See the difference? The DeSantis campaign assembles talking points, while the Trump China plan is direct, specific and actionable.
The DeSantis economic plan is well described by this segment by Steve Bannon {Direct Rumble Link}:
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Fortunately, we do not have to guess which candidate has the right path. We have President Trump’s actual economic policy results to look at and see how the expansion of the economy was creating the type of growth that would sustain Social Security and Medicare. This was/is MAGAnomics at work.
…. Make America Great Again!
We know it works, because we have the results to cite.
It was the Fourth Quarter of 2019…..
Right before the pandemic would hit a few months later…. Despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them saying Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation, it just wasn’t happening!
Overall year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate. The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent. [See Below] The U.S. economy was on a smooth glide path, strong, stable and Main Street was growing with MAGAnomics at work.
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food prices had very low year-over-year inflation, 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped and our pantry costs were lowered.
The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year. These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.
The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July 2019, when Amazon held its two-day, blowout Prime Day sale. (link)
Despite the efforts to remove and impeach President Trump, it did not look like middle-class America was overly concerned about the noise coming from the pundits. Likely that’s because blue-collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong. Yes, MAGAnomics was working.
Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?
Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:
This was a really interesting dynamic that no-one in the professional punditry would dare explain.
Donald Trump’s tariffs were targeted to specific sectors of imported products. [Steel, Aluminum, and a host of smaller sectors etc.] However, when the EU and China respond by devaluing their currency, that approach hit all products imported, not just the tariff goods.
Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper. Not just imports from Europe and China, but actually imports from everywhere. All imports were entering the U.S. at substantially lower prices.
This meant when we imported products, we were also importing deflation.
This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:
[…] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.
[…] Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
So yes, we know President Trump can save Social Security and Medicare by expanding the economy with his America First economic policy. We do not need to guess if it is possible or listen to pundits theorize about his approach being some random ‘catch phrase’ disconnected from reality. Yes folks, we have the receipts.
This was MAGAnomics at work, and this is entirely what created the middle-class MAGA coalition. No other Republican candidate has this economic policy in their outlook because all other candidates are purchased by the Wall Street multinationals.
America First MAGAnomics is unique to President Trump because he is the only one independent enough to implement them.
That’s just the reality of the situation. They hate him for it…
Author’s note as said in 2016: “If I absolutely did not believe this economic model was doable, I would never expand the concept and place advocacy upon it. I am an absolute believer that we can, as a nation, reignite a solid manufacturing base and generate an expanding middle class.” Yes, I bet on Trump, and he was right.
“We are going to offer them a chance to stay warm this winter,” Anchorage, Alaska, Mayor Dave Bronson stated regarding the growing homeless population. Eight people died of exposure last year, and Bronson said it is cheaper to pay for a one-way flight than to create makeshift housing. Bronson said a one-way ticket to LA would cost the city about $286 per person. In comparison, the city would need to spend over $100 daily for temporary shelter.
The program has not been funded or approved. Obviously, LA is not too happy about the announcement. “Someone says, ‘I want to go to Los Angeles or San Diego or Seattle or Kansas,’ it’s not our business,” Bronson said of their final destination. “My job is to make sure they don’t die on Anchorage streets.” About 40% of Alaska’s population lives in Anchorage, but they host 65% of the homeless population. “The taxpayers to whom I’m responsible to can’t keep footing the entire bill,” he said. “We need a statewide solution to a statewide problem.”
LA Mayor Karen Bass declared a state of emergency in 2022 regarding the growing homeless population. “It will create the structure necessary for us to have a true, unified and citywide strategy to set us on the path to solve homelessness,” Bass said after promising to house at least 17,000 people during her first year in office. This was before the US-Mexico border was opened to the world. The homeless population in LA continues to grow at a record pace.
No one knows exactly what to do about the growing homeless problem in America. Our politicians are willing to send hundreds of billions to Ukraine but refuse to address the issues we face at home.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 