Sanctimonious Biden Demands Congress and States Suspend Gasoline Taxes to Offset Massive Increases His Energy Policy Has Created


Posted originally on the conservative tree house on June 22, 2022 | Sundance 

… And if they don’t, they are Russian sympathizers.

Delivering remarks from the stage built next to the White House, earlier today Joe Biden demanded that congress and states suspend gasoline taxes for 90-days in order to offset the massive price increases his energy policy has created. {Transcript Here} Additionally, Biden says any political opposition to his demand means his opponents support Russia:

“for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine?  Are you saying we were wrong to stand up to Putin?  Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?  I don’t believe that.” {Direct Rumble Link}

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It will be worth watching how California Governor Gavin Newsom responds to this instruction.  California has the largest gasoline taxes in the nation and uses them to fund the majority of their left-wing policies.

Full video and transcript below.

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[Transcript] – “Good afternoon, everyone.  I’d like to talk to you about the actions I’m announcing to bring down gas prices.

First, today I’m calling on Congress to suspend the federal gas tax for the next 90 days, through the busy summer season — busy travel season.

Here’s what that means: Every time you go to the gas station to fill your tank, the federal government charges an 18-cent tax per gallon of gas that you purchase and a 24-cent tax per gallon of diesel you purchase.  It’s a tax that’s been around for 90 years.

It’s important because we use it for the Highway Trust Fund to keep our highways going.  But what I’m proposing is suspending the federal gas tax without affecting the Highway Trust Fund.

And here’s how we do that: With the tax revenues up this year and our deficit down over $1.6 trillion this year alone, we’ll still be able to fix our highways and bring down prices of gas.  We can do both at the same time.

By suspending the 18-cent gas tax — federal gas tax for the next 90 days, we can bring down the price of gas and give families just a little bit of relief.

I call on the companies to pass this along — every penny of this 18-cents reduction — to the consumers.  This is — there’s no time now for profiteering.

There are a number of other proposals by Democrats in the House and the Senate, and I hope my call for action can help move those proposals forward as well.  But we can also cut gas prices even more in another way.

That’s why the second action I’m taking is calling on states to either suspend the state gas tax as well or find other ways to deliver some relief.

State gas taxes average [another] 30 cents per gallon.  Already, some states have acted.

In Connecticut and New York, the governors have temporarily suspended their gas tax as well.

In Illinois and Colorado, governors delayed theirs to give families a bit more breathing room as well.

In Minnesota, Governor Walz proposes using state budget surpluses to give households a rebate that will help them pay for gas at the pump or other essential needs.

I’m calling on more states and local governments to take actions like these.

Thanks to our historic economic recovery, which fortified state budgets that had been hurt in the pandemic, states are now in a strong position to be able to afford to take some of these actions.

Now, I fully understand that a gas tax holiday alone is not going to fix the problem, but it will provide families some immediate relief — just a little bit of breathing room — as we continue working to bring down prices for the long haul.

Third, I’m calling on the industry to refine more oil into gasoline and to bring down gas prices.

Let me explain.  I know my Republican friends claim we’re not producing enough oil and I’m limiting oil production.  Quite frankly, that’s nonsense.

Here’s the truth: Just this month, America produced 12 million barrels of oil per day.  That’s the highest — that’s higher than average under my predecessor.  And I’m — we’re on track to set a new record for production next year.

Plus, I’ve added to that supply of oil by releasing a record 1 million barrels of oil per day from what’s called the Strategic Petro- — Petroleum Reserve.

In fact, I just led the world to coordinate the largest release of global oil reserves in history, including from other countries.  In total, that’s 240 million barrels to boost global supply.

And Republicans falsely claim that I’m blocking production on federal lands.  But again, that’s nonsense.

The industry has more approved permits for production on federal lands than they can possibly use.  That’s a fact.

My administration also directed the sale of gasoline using homegrown biofuels — ethanol, E15 — this summer, which will boost gasoline supplies and lower the price at thousands of gas stations across America.

And I welcome the recent announcement from what’s known as the OPEC+, a group of nearly two dozen oil-producing nations, to increase global oil supply.

The bottom line is: We are setting records in terms of American energy production.  We’re supplementing that supply with a release from our oil reserves.  So the issue isn’t oil production alone; the problem is the refining of that oil into gas at the pump.

During the pandemic, some oil and gas companies shut down refining facilities.

Last week, I sent a letter to the CEOs of the largest oil-refining companies asking them to work with my administration to bring refineries back online to get more gas to the pump at lower prices.

The Secretary of Energy, Jennifer Granholm, and members of my team will be meeting with many of these refining companies tomorrow.  And I hope they’ll come up to the table with some real ideas and practical steps in the near term.

And I’m prepared to act quickly and decisively on their recommendations if they make sense to address the immediate challenge in front of us and the American people.

Finally, when the cost of oil does come down, we need the price at the gas stations — that they — what they charge at the pump — to come down as well.

For example, in the last two weeks, the price of oil has fallen by more than $10.00 a barrel.  Normally, this would reduce the cost at the pump about 25 cents a gallon.  Yet, so far, gas stations have only reduced prices by a few cents a gallon.  Some haven’t reduced prices at all.

I’ve heard plenty of explanations from companies and economists about why it normally takes time for these price reductions to reach the consumer.  I might note that when the price of a barrel of oil goes up, it doesn’t make — ta- — take much time for the price at the pump to go up.

So, let’s be honest with one another.  My message is simple.  To the companies running gas stations and setting those prices at the pump: This is a time of war, global peril, Ukraine.  These are not normal times.

Bring down the price you are charging at the pump to reflect the cost you are paying for the product.  Do it now.  Do it today.  Your customers, the American people, they need relief now.

So, let me summarize:

Today, I’m calling for a federal gas tax holiday, state gas tax holiday for [or] the equivalent relief to consumers; oil companies to use their profits to increase refining capacity rather than buy back their own stock; gas stations to pass along the decree — excuse me, not the decree, but the decrease in oil prices to lower prices at the pump.

And together, these actions could help drop the price at the pump by up to $1.00 a gallon or more.  It doesn’t reduce all of the pain, but it would be a big help.

I’m doing my part.  I want the Congress, the states, and the industry to do their part as well.

And let’s remember how we got here: Putin invaded Ukraine.  Putin invaded Ukraine with 100,000 forces.

Just look at the facts: Since the start of the war in Ukraine this year, gas prices have risen by almost $2.00 a gallon in the United States, and sometimes more, around the world.

But it wasn’t just Putin’s invasion of Ukraine.  It was the refusal of the United States and the rest of the free world to let Putin get away with something we haven’t seen since World War Two.

I said at the time: Siding with Ukraine during the most serious aggression in Europe since World War Two — defending freedom, defending democracy — was not going to go without cost for the American people and the rest of the free world.  We were going to have to pay a price as well — in the cost of military equipment, economic assistance, humanitarian relief.  And sanctioned Russian banking industries.

Russia is also the largest oi- — one of the largest oil producers in the world.  We cut off Russian oil into the United States, and our partners in Europe did the same, knowing that we would see higher gas prices.

We could have turned a blind eye to Putin’s murderous ways, and the price of gas wouldn’t have spiked the way it has.

I believe that would have been wrong.  I believed it then — I believed then and I believe now: The free world had no choice.

America could not stand by and the West could not have stood by — although some suggested at the time — and just watch Putin’s tanks roll into Ukraine and seize a sovereign country.

If we did stand by, Putin wouldn’t have stopped.  Putin would’ve kept going, and we’d face an even steeper price.

And it wasn’t just me.  The American people understood.  The American people rose to the moment.  The American people did what they always have done: defend freedom around the world.  They chose to stand with the people of Ukraine.

We had near unanimous support in the Congress — Democrats, Republicans, and independents — for supporting Ukraine, knowing full well the cost.

So, for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine?  Are you saying we were wrong to stand up to Putin?  Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?  I don’t believe that.

Look, I get the easy politics of the attack.  I get that.  But the simple truth is gas prices are up almost $2.00 a gallon because of Vladimir Putin’s ruthless attack on Ukraine, and we wouldn’t let him get away with it.  And we’re doing everything we can to reduce this pain at the pump now.

And if those experiences has shown us anything, it’s that we need to grow and harness more energy here at home.

Let’s lower the price of electric vehicles so we never have to pay at the pump in the first place.

Major auto companies are preparing for 50 percent of future sales to be electric vehicles by 2030, 100 percent by 2035.  We’re already building secure supply chains to build these electric vehicles here in America.

And we’re investing almost $100 billion in public transit and rail, for all the studies show that it will take millions of cars off the road and significantly reduce pollution if there’s a serious transportation system available.

Let’s keep accelerating our deployment of homegrown resources — sources of energy like solar and wind and nuclear and hydrogen and carbon capture and storage — and keep developing battery technologies so we can store that power we need when the sun doesn’t shine or the wind doesn’t blow.

Folks, let’s make sure we’re never again forced to pay the price of a menacing dictator halfway around the world.

We can deal with the imme- — this immediate crisis of high gas prices and still seize the clean energy future.

We’re Americans.  We can do both.  We have the most qualified people in the world.

Let me close with this: Even as we lead the world in defending democracy and standing up to a brutal autocrat, there are actions we can take to help American families now.  We have taken them.  We are taking them.  The federal gas tax holiday, state gas tax holiday.  Bringing back refineries, putting them back online.

We just have to keep going.  I promise you I’m doing everything possible — everything possible to bring the price of energy down, gas prices down.  And I want to make sure we all work on this together.” (LINK)

Posted in Big GovernmentBig Stupid Governme

Gun Control Advocates


Armstrong Economics Blog/Humor Re-Posted Jun 21, 2022 by Martin Armstrong

Canada Completes Construction of Manufacturing Facility to Make Food from Bugs


Posted originally on the conservative tree house on June 20, 2022 | Sundance 

I’m not sure how everyone feels about this new effort to make bugs into food for humans, but everything about it seems weird.   A Canadian company is now celebrating the opening of a manufacturing facility in Ontario what will generate 9,000 metric tons of crickets for people to eat.

I will not be eating the bugs, slugs or any other creepy crawling critter regardless of “protein transfer efficiency.”  Nope. Not happening.

(CANADA) – On May 26th, Aspire Food Group announced that it has completed construction of its alternative protein manufacturing facility. London, Ontario is now home to the world’s largest cricket production facility.

Aspire’s new plant will reportedly produce 9000 metric tons of crickets every year for human and pet consumption. That’s about two billion insects to be distributed annually across Canada and throughout the United States.

Aspire also reports that it already has orders for the next two years.

Crickets are currently being explored as a protein-rich superfood. They contain fibre and are already found in grocery stores and restaurants, and have a smaller environmental footprint than traditional protein sources. (read more)

Britain Head of Military Tells Troops Prepare for WWIII


Armstrong Economics Blog/War Re-Posted Jun 20, 2022 by Martin Armstrong

Britain’s Military Chief of the General Staff had just taken that position and he has already told the army they need to prepare for war against Russia in Europe. He has told every soldier to prepare to fight Russia in a potential World War III. He has pledged to forge an Army that can beat Russia in battle and said that we must now prepare “to fight in Europe once again.” He added on  his fourth day on the job: “There is now a burning imperative to forge an Army capable of fighting alongside our allies and defeating Russia in battle.”

This is a video interview of Zelensky’s adviser years in advance. This entire Ukrainian War was deliberately instigated. The West NEEDS war because the entire financial system is collapsing. All the pensions promised have been wiped out in Europe thanks to NEGATIVE interest rates since 2014.

Zelensky is an actor. He is playing his role in this Great Reset which is to destroy Western civilization as we know it so they get to create their One-World Government and the United Nations will then appear to be the GREAT PEACEMAKER. On February 20th, 2022, VP Harris blurted out that Ukraine should join NATO which was a direct violation of the Belgrade Agreement where Ukraine, the 3rd largest nuclear power at the time, gave up its nuclear weapons and NATO promised not to invade as did Russia provided Ukraine was to remain NEUTRAL. Then 3 days later, Zelensky announced that he would pursue nuclear weapons to defend against Russia. The next day, Putin invaded to protect the Donbas on February 24th.

There are a number of world leaders who are starting to wake up and see that this entire Ukrainian War has been a hoax. This was intentionally created for the Great Reset because Europe NEEDS to default on all the debt they can no longer sustain. But that will wipe out all the pensions and millions of people will be storming the parliaments. The only escape for those in government is to create a war to hide the collapse. Now even Pope Francis is starting to see through this facade as he has told a group of European Jesuit news editors that “perhaps somehow either provoked or not prevented,” and he cautioned against oversimplifying the conflict.

Zelensky is a hateful, vindictive, and pathological liar who demonizes Russians every chance he gets.  The US has absolutely NO ability to even verify where all the weapons go that they send to Ukraine. There are reports of foreign soldiers who had volunteered to fight for Ukraine and then left because the weapons were being stolen and sold on the black market and will always, end up on the streets in America.

Zelensky is evil, and corrupt, and ran for office promising peace with Russia and ending corruption. Some reports say he has already diverted up to $850 million to hidden offshore accounts. He will fight till the last Ukrainian dies and then fly off to live the billionaire’s life drinking port with Klaus Schwab, George Soros, and Bill Gates.

The very person who funded Zelensky is the same person who bought Hunter Biden and President Joe Biden demanded that Ukraine fire the prosecutor investigating this corruption. Zelensky pathologically urges World War III during every one of his public appearances. Zelensky is clearly waging an information war promoting pure propaganda.

Zelensky’s Davos Speech was unbelievable. He demanded that the US-led West implement a policy of maximum preemptive sanctions on the false pretext of averting future wars. According to Zelen sky, had the US-led West’s cut off Russia completely from the world economy IN ADVANCE, this would somehow prevented war. He claimed that the sanction was NOT ENOUGH and cane TOO LATE. He wants the US-led West to now completely cut off from the world economy not just Russia, but regional security demands that the US-led West should unilaterally threaten other nations and impose maximum sanctions on all Russian allies BEFORE they can react.

I have videos captured from Ukrainian soldiers showing what they are doing to captive Russian soldiers. I will not post them because they are too horrible. They are actually crucifying Russians driving nails through their limbs and then setting them on fire alive. This is the hatred of Ukrainian neo-Nazis toward Russians and why the CIA protected the Ukrainian neo-Nazis because they always hated Russians. They massacred Jews and Polish but NOT one Ukrainian was ever put on trial at Nuremberg. This is now what we get for the failure to prosecute Nazis. The 72-year revolutionary cycle from the end of the Nuremberg Trial was 2018. Even this hatred has risen all over again and this time the US-led West is supporting the Nazis.

As I warned back in 2013, our computer had targeted Ukraine as the place where World War III would begin. I warned that Ukraine should have been split according to language. This area to the East was NEVER Ukrainian territory EVER in history. Khruschev grew up in the Donbas and he was in charge of rebuilding Kiev. When he became the head of Russia, in 1954 he assigned Crimea to Kiev for administrative purposes. The Duma later declared that illegal and reversed that decree.

Historically, the East was ALWAYS part of the Russian Empire BEFORE the USSR. This refusal to yield “one inch” to Russia which Zelensky has declared, is unsupported by history. That region is occupied by ethnic Russians who the Ukrainians will massacre. In Kyiv, they were saying in 2014 that Crimea is Ukrainian or it will be depopulated.

The hatred of Russians who have lived there for centuries is deeply rooted. The Ukrainians began their civil war against the Donbas and Russian-speaking Ukrainians immediately after overthrowing Yanukovich in 2014. They were beating Russian-speaking Ukrainian in Odesa and they fed to the Trade Union House. The Ukrainians then set the place on fire and killed them all burning them alive which the West turned a blind eye to because after all, they were evil Russians who obviously have no right to live on this earth.

Zelensky does his war propaganda always dressed in a military t-shirt. He has done nothing but promote world war III every chance he gets. His hatred of Russians knows no bounds and he will engulf the entire world in war all for what – territory? This man is so evil, that history will remember him along with those of the same mentality of sheer hatred and manipulations – Marx, Stalin, Hitler, and the list goes on.

As for those who see only one dimension, there was widespread support for animal welfare in Nazi Germany (German: Tierschutz im nationalsozialistischen Deutschland). Believe it or not, Adolf Hitler and his top officials took a variety of measures to ensure animals were protected. That obviously stood in contrast with killing the Jews, and gypsies and the Ukrainian Nazis added Polish and Russians to the list that needed to be ethnically cleansed. But somehow, Hitler protected the animals.

Marine Le Pen French Nationalists Win 89 Seats in Parliamentary Election


Posted originally on the conservative tree house on June 19, 2022 | Sundance

The French parliamentary elections were held Sunday and delivered a surprising result for Marine Le Pen’s Rassemblement National party.   The RN won 89 seats, far beyond what would be needed (15 seats) to have a consequential impact in the assembly.

FRANCE – […] The results would severely tarnish Mr. Macron’s April presidential election victory where he defeated the far-right to be the first French president to win a second term in over two decades. 

The expected number of seats for Marine Le Pen’s Rassemblement National (90) amounts to a historic breakthrough. Only once under the Fifth Republic had the far right passed the threshold to form a group in the Assemblée (15 MPs), which allows for certain parliamentary resources and prerogatives.

The only time this happened was in 1986, when Ms. Le Pen’s father Jean-Marine Le Pen led a group of Front National MPs for two years. They were elected in the only ever legislative elections using proportional representation.

[…] Falling short of the majority forces Mr. Macron into tricky partnerships with other parties on the right to force through legislation.  There could now potentially be weeks of political deadlock as the president seeks to reach out to new parties. The most likely option would be an alliance with Les Republicans LR.

[T]he number two of far-right leader Marine Le Pen, Jordan Bardella, hailed her party’s performance as a “tsumani.” (read more)

“The Macron adventure has reached its end,” Le Pen said. The group of National Rally MPs “will be by far the biggest in the history of our political family.”  As a result, RN will be able to easily form a parliamentary group, which allows for more influence and speaking time.

Congresswoman Elect, Mayra Flores Discusses Main Issues Impacting South Texas Latino Voters That Led to Victory for Her Republican Seat


Posted originally on the conservative tree house

Congresswoman-elect Mayra Flores, R-Texas, appeared on ‘Sunday Morning Futures’ with Maria Bartiromo to discuss how she was able to flip a 100-year democrat seat to her republican side due to Biden’s economic policy in combination with the cultural craziness that has infected the democrat party.  WATCH:

on June 19, 2022 | Sundance 

Chuck Todd Pretends Not to Know Things


Posted originally on the conservative tree house on June 19, 2022 | Sundance

In a segment intended to protect the Biden regime from the outcome of their energy policies, the latest distraction is to claim gas prices are not high when “adjusted” to account for the inflation that Joe Biden has created.

Due to the scale of impact from Biden energy policy there is no real way to obfuscate at a level that hides reality.  However, Chuck Todd from NBC gives it a try.

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Comrades, if you can fill up your car with 2010 gas prices, paid for with 2010 wages….  Then surely you can fill up your pantry with 2010 food prices… while living in your house with 2010 mortgage or rent prices…. or something.

The laughable segment is below.

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Sunday Talks, Treasury Secretary Yellen Claims Biden Energy Policy Not Responsible for Biden Energy Prices


Posed originally on the conservative tree house on June 19, 2022 | Sundance 

This interview is nothing but gaslighting crazy talk from an insufferable ideologue who is responsible for managing the insane policy driven consequences of transitioning from oil, gas and coal into an era where windmills and solar panels provide U.S. electricity.  Janet Yellen is the decline manager.

Treasury Secretary Janet Yellen begins the interview by denying the U.S. economy is shrinking.  Literally in the first answer Yellen says the economy “has been growing at a very rapid rate as the labor rate has reached full employment, it’s natural now that we expect a transition to steady and stable growth.”  Obviously, in order to say the economy has been growing, Yellen needs to pretend not to know the first quarter GDP was -1.5% as measured.  But wait… it gets more ridiculous….

At 06:30 of the interview, Yellen claims with a straight face that U.S. energy policy, which includes massive amounts of new crushing regulations from Biden, is not responsible for U.S. oil and gasoline prices.   WATCH (prompted):

 

Sunday Talks, View of Cleveland Fed Reserve Bank President Shows Massive Economic Disconnect in Causation


Posted originally on the conservative tree house on June 19, 2022 | Sundance

Loretta Mester is the president of the Federal Reserve Bank of Cleveland and appeared on CBS Face the Nation to give her opinion/analysis of the US. economic condition.  The disconnect in her viewpoint is alarming and should signal to everyone how the Federal Reserve Board, just like every institution of government, has become a political agency.

In her mind Ms. Mester appears to believe what she is saying, but the disconnect between her view of our status and the reality on Main Street is alarming.  In this interview Mester says emphatically that current inflation is being driven by consumer demand that is outpacing supply.  Not only is this view of inflation origination wrong, and has been wrong for well over a year, it is dangerous.

Inflation has been driven by spending (dollar devaluation & artificial stimulus), and by massive input changes in the supply side which are predominately being caused by energy policy.  Our U.S. inflation is a self-inflicted supply side wound.  Inflation was not caused by demand side pressure, other than from the injection of COVID cash into consumer spending – which hid the natural contraction that was going to take place in Q2, Q3 and Q4 2021.  WATCH:

Ms. Mester says the Fed will watch the month-to-month inflation change, to determine monetary policy success.  Given the nature of the Biden energy policy, that type of success definition is inherently political.  It’s akin to saying, as the victim’s bones and muscles get used to the constant blows during the beating, the severity of the pain will be less than the initial shock… therefore, the continued beating is less damaging to the victim.   Madness.

Fauci & Secret Payments


Armstrong Economics Blog/Corruption Re-Posted Jun 19, 2022 by Martin Armstrong