The Biden administration keeps insisting inflation is “transient,” but there are now real signs that inflation is here and possibly for the long haul.
Thursday’s consumer price index increase of 5 percent year-on-year — its highest level in 13 years — is the latest and most visible piece of evidence that this scourge is making a comeback.
Inflation can be caused because the Federal Reserve keeps interest rates too low for too long, or due to massive government expenditures on stuff like infrastructure and cradle-to-grave welfare payments.
Today we have both — on steroids. The Fed has kept interest rates at zero for more than a year because of COVID shutdowns, and the Biden administration can’t spend money fast enough.
Whatever you do in life is a trade-off. No free lunch as it is. When you make economic policy solely designed to artificially spur the economy with Government spending, there is a trade off. In this case, it's massive deficit spending a rising national debt and eventually wild out of control inflation. Right now we are not quite at wild out of control, but we seem to be on our way and there is no indication that liberals want to put a lid on anything here.
Covid created an excuse to do some heavy duty massive economic stimulation. Probably much more than we needed to. But the Biden Administration is loath to give up on the easy way out. The easy way out (of course) being spending massive amounts of dollars on stimulus even as Covid becomes less of an issue.
The problem with liberal us vs them economic policy thinking is that you can actually just "stick it to" big business and evil corporations, when in reality whatever you attempt to do to them, just rolls down hill and ends up on the heads of average everyday Americans. When you demand that businesses spend more money to hire employees (either with large benefit incentives to stay home or through minimum wage hikes) you actually just raise the price of the goods or services. Same holds true for tax increases. All of which spikes inflation and provides nobody with any more real spending power.
85 comments:
You expert is Charles Gasparino, an American journalist, blogger, occasional radio host, and author. He frequently serves as a guest panelist on the Fox Business Network program segment The Cost of Freedom and the stocks/business news program Cashin' In.
He's no more of an expert in economics than you!
Even The conservative Wall Street Journal economist say that if the economy continues to grow, and the Fed deals with bonds and other economic recovery measures, the rate of inflation will likely decline fairly quickly.
Fear mongering is all the Republicans have.
They didn't even write about policy issues in the Republican convention.
This doesn't even make sense!
. In this case, it's massive deficit spending a rising national debt and eventually wild out of control inflation.
Trump increased the deficit and national debt at the fastest rate in history.
CNBC reported
The market narrative is changing. The narrative in the first quarter was that the reopening would be very strong, bond yields would move up, and inflation may be an issue later in the year.
This was only partially correct. The reopening has been strong, but bond yields have come down, not up, as investors have come to believe: 1) that inflation and supply chain issues may indeed be “transitory,” or temporary, as the Federal Reserve has insisted, and 2) that the second and third quarter is the top in earnings and economic growth.
The fact that bond yields have come down.
They are a major factor in inflation rates.
Covid created an excuse to do some heavy duty massive economic stimulation.
More like an excuse to do some heavy duty massive economic destruction. Democrats are so fucking evil they were willing to pile-drive a $23 TRILLION economy into the fucking ground because their TDS completely consumed them. Bringing our economy to the brink of total collapse all because 'orange man bad.'
And Slow Joe's answer is blowing $12 TRILLION over ten years on a Green Nude Eel.
"The adults are in charge now."
Heh.
Blogger Roger Amick said...
The fact that bond yields have come down.
They are a major factor in inflation rates.
Elaborate please.
I am assumed that once the talks fell apart, the party would be ready to pull the trigger on passing a sweeping infrastructure bill without Republicans.
If this happens, in the next election, the Republicans will be portrayed as a road block on the economic recovery!
Millions of union members who often supported Republicans for social issues, will vote the Republicans out of office.
Once again Lil Schitty baiting and making up controversy where none exists except in his demented head!!!! Yes the spike in inflation could be troubling for some....others not soooo much!!!!!! Used cars and gasoline are the main drivers of the spike and are the consequences of the economy coming back to life as people again start acting normally !!!!!! With GDP projected to grow at astounding rates, some inflation should be expected!!!! Will it a killer....doubtfull as long as growth continues!!!!!
More like an excuse to do some heavy duty massive economic destruction.
BWAAAAAAAAAA!!!! Like Trumps excuse for tax cuts that would cause the economy to soar????????? How'd that work out?????
Elaborate please.
Yeah, right
LOL
Yeah, right
LOL
He's off trying to find shit to plagiarize right now.
LOL.
Like Trumps excuse for tax cuts that would cause the economy to soar????????? How'd that work out?????
Pretty fucking good. Unemployment at 3.5%, real wage growth of 6%, repatriating BILLION$ in US economic activity back to the US, lowest minority unemployment EVER, best overall economy in 50 years.
Yeah, I'd say pretty fucking good.
And the cost of the Trump tax cuts is a drop in the bucket compared to the $12 TRILLION Slow Joe wants to spend.
Here's a biased article from Real Clear Politics: MY COMMENTS IN CAPS:
Republican Obsession with 'Big Tech' Hands the Dems a Antitrust Club
GOOD! BUT THIS WRITER WANTS TO SAY IT'S BAD:
By Daniel Savickas June 11, 2021
Sometimes, especially in politics, the slippery slope fallacy is not a fallacy at all, but merely a basic observation. Perhaps nothing in the last year or two has illustrated that better than many GOP politicians flirting with a return to the Teddy Roosevelt era of the Republican Party. WE SHOULD!
The desire to weaponize antitrust against big tech companies these politicians see as biased against conservatives has opened the floodgates for Democrats to use it in all sorts of ways. Republicans now stand unable to push back without being hypocrites on the issue. That is exactly what we are seeing take place in New York.
While Republicans look back to Roosevelt, Democrats in New York are now taking that a step further, taking their cues from modern day Europe. Antitrust in the U.S. typically seeks to protect consumers from harmful behavior. Europe, on the other hand, also seeks to protect competitors from what they call, “abuse of dominance.” Even when there’s no consumer harm, regulators will step in.
ABUSE OF DOMINANCE IS WHAT BIG COMPANIES WANT TO DO
With this logic, if Company A sets its prices below that of a competitor, Company B, and Company B loses business, the Attorney General could sue Company A on behalf of Company B. You’ll notice that consumers still have two viable options and prices are going down. Things are actually improving, but the government is stepping in to protect a private company from basic competition. This is lunacy.
REALLY? WHAT'S SO BAD ABOUT THE PEOPLE'S GOVERNMENT PROTECTING THE PEOPLE?
However, a bill is making its way through the New York state legislature that would make it the first state in the nation to embrace the European antitrust model. Under that bill, the Attorney General would be able to deem any company with at least 40 percent of the market share as “dominant.” This would then subject them to the lawsuits and regulation outlined above, even if over half of the market belongs to other companies.
This fervor for European style regulation is not just limited to New York. A group of House Democrats is circulating draft antitrust bills that take the entire country the way of the Europeans. It is notable that the report that sparked these bills was signed only by Democrats. Yet, the GOP need only look in the mirror to figure out who made antitrust a nationwide bipartisan topic of discussion.
Once that door was opened, Democrats are far more comfortable bringing the hammer of government down on American businesses and are willing to do so more ruthlessly. These bills would fundamentally shift the way America does business and actively harm companies that have provided reliable goods and services for Americans across the nation.
WHAT ABOUT COMPANIES THAT HAVE ABUSED THE PRIVILEGE BY NOT HAVING REAL COMPETITION?
One would prevent companies with over half a million users and a market cap over $600 billion to operate businesses that may present a conflict of interest. Practically, this would mean Apple could no longer operate the App Store or Safari. No consumers would benefit from such a move. WHY NOT?J In fact, use of Apple products might become increasingly difficult if the company had to make such a sweeping adjustment.
Another related bill prevents companies from giving preference to their own products. Yes, you heard that correctly. In essence, this is targeted to ensure Amazon wouldn’t be able to sell its own branded products on its website. However, this is no more anti-competitive than supermarkets that sell store brand cereal. Yet, House Democrats have introduced a solution in search of a problem.
Another would shift the burden of proof in merger cases from the government to private companies. In other words, any proposed merger would be considered guilty until proven innocent. This would stifle innovative mergers that allow firms to integrate new technologies into their business model and provide better services for customers.
The common thread with all of these bills – at both the federal and state level – is that the best interest of consumers is not the focus. Politicians are seeking political retribution against companies like Amazon, Apple, Facebook, Twitter, and Google. It has become increasingly popular – on both sides of the aisle – to malign these companies in the media and their CEOs have been routinely dragged before a number of congressional committees for even more tongue-lashing.
Once again, this is the logical conclusion when the party that is ostensibly “pro-business” begins to beat the antitrust drum. The Overton window of allowable opinion on the issue shifts dramatically to the left. Once there, the political left can do what it has far more experience doing, over-regulating. If it is at all possible, congressional Republicans need to stop their flirtation with trust busting now and pray the goalposts don’t shift any further than they already have.
Daniel Savickas is the government affairs manager for the Taxpayers Protection Alliance. REALLY? ISN'T THAT REALLY BIG BUSINESS PROTECTION?
THE COMMON THREAD IN ALL THIS ARTICLE IS THAT BIG BUSINESS SHOULD BE ALLOWED TO DO WHAT IT DOES NO MATTER HOW HARMFUL IT MAY BE TO THE LARGER PUBLIC.
SELF REGULATION IS NO REGULATION.
GOVERNMENT OF, BY, AND FOR THE PEOPLE, NOT OF, BY, AND FOR THE RICH, IS BEST ABLE TO LOOK OUT FOR THE INTERESTS OF CONSUMERS.
CNBC:
Though the inflation readings are well above anything seen since the 2008-09 financial crisis, the Federal Reserve has been largely dismissive of the numbers. Central bank officials believe the current rise is due to temporary factors that will abate as the year goes on and look higher because of comparisons to the year-ago period, when much of the economic activity remained restricted due to pandemic precautions.
Consequently, market participants generally do not expect to see the Fed react to the latest numbers when the policymaking Federal Open Market Committee meets next week.
Washington Post:
On Saturday, Treasury Secretary Janet Yellen said inflation could climb as high as 3 percent over the entire year, which would be considered high for the United States. Still, it’s unclear just how high inflation will be allowed to climb, and for how long, before policymakers in the administration and the Fed see cause for concern.
https://pjmedia.com/news-and-politics/rick-moran/2021/06/10/crickets-chirping-at-white-house-and-the-fed-as-prices-shoot-up-5-percent-in-may-n1453560
National Debt vs. Budget Deficit
First, it's important to understand what the difference is between the federal government's annual budget deficit (also known as the fiscal deficit) and the outstanding federal debt, known in official accounting terminology as the national public debt. Simply explained, the federal government generates a budget deficit whenever it spends more money than it brings in through income-generating activities. These activities include individual, corporate, or excise taxes.
Jimmy Hitler can't understand the difference. "When the government spends more than the taxpayer pay for, the government doesn't just print more money, which would cause inflation rates to increase astronomicaly."
To operate in this manner of spending more than it earns, the U.S. Treasury Department must issue Treasury bills, notes, and bonds. These Treasury products finance the deficit by borrowing from the investors, both domestic and foreign. These Treasury securities also sell to corporations, financial institutions, and other governments around the world.
By issuing these types of securities, the federal government can acquire the cash that it needs to provide governmental services. The national debt is simply the net accumulation of the federal government's annual budget deficits. It is the total amount of money that the U.S. federal government owes to its creditors. To make an analogy, fiscal or budget deficits are the trees, and the national debt is the forest.
The fact that bond yields have come down. Therefore reducing inflation rates.
The Fed has to act in ways to keep inflation rates down.
The Fed was created in order to quit printing dollars to finance the national debt..
Not the deficit Jimmy Hitler Jr.
https://www.investopedia.com/updates/usa-national-debt/
PJ Media....the opinion for morons......BWAAAAAAAAAA!!!!!
IOW's.....they are bitching about a rising GDP and its potential for inflation that has all the hallmarks of being short lived....I for one advocate lets see how things pan out 2 months from now before having a canary like rat has had!!!!!!!
LMAO LMAO LMAO LMAO LMAO
Pjmedia etc. are not proof of anything but what you already believe.
Education escapes your mind.
Which is credible?
https://www.investopedia.com/updates/usa-national-debt/
https://pjmedia.com/news-and-politics/rick-moran/2021/06/10/crickets-chirping-at-white-house-and-the-fed-as-prices-shoot-up-5-percent-in-may-n1453560
THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP THWAP
In the 65 years,
Economies under GOP presidents have underperformed than under Democratic Presidents.
Real GDP growth, a measure of economic activity in the U.S., averaged 3.33% during the 64 years and 16 presidential terms going back to the mid-1940s, according to a 2013 research paper by professors of economics Alan Blinder and Mark Watson at Princeton University. With a Republican in the White House, though, the economy's growth slowed to 2.54%, the economists found. With a Democrat in office, growth jumped to 4.35% on average.
A variety of other economic indicators, such as per capita GDP, stock market returns, real wages and the change in the unemployment rate, are also more robust with a Democratic president, the economists found. Unemployment fell by 0.8 percentage points with a Democratic president on average, while it rose 1.1 percentage points with a Republican, according to Blinder and Watson.
"The U.S. economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance," according to the report titled "Presidents and the Economy: A Forensic Investigation."
Well Roger...
Let's wait and see who is right and who ends up wrong here. I certainly hope inflation is temporary (or transitionary or whatever they want to call it).
A lot will depend on how much further we drive up the debt.
Hey stupid both of you those are actual quotes from WaPo and CNBC
Fucking clueless morons
As I predicted, the alky ran away only to return with a pile of plagiarism.
And PJ Media? Yeah... they were QUOTING and linking the WaPo and CNBC. Heh
This inflation has exactly NONE of the hallmarks of being short-lived. That's the wishful thinking OPINION of Yellen, et.al.
So without the assistance of your hallmark plagiarism, please school us on the relationship of inflation to bond yields.
Obama passed a massive stimulus package in February 2009 to jumpstart the economy - and it was successful. The Congressional Budget Office said in a report that GDP growth was likely higher from 2009-2011 in part due to the legislation. It grew 2.3% on average during his second term.
Trump says he built the strongest economy in US history, but that's not the case. When excluding the pandemic's toll, the economy expanded 2.5% on average during Trump's first three years in office — just above both Obama and Bush. It also grew faster in the 1990s under President Bill Clinton.
https://www.businessinsider.com/charts-contrasting-trump-economy-obama-bush-administrations-republicans-democrats-2020-10
I certainly hope inflation is temporary (or transitionary or whatever they want to call it).
Ironically, that's exactly the strategery of the Fed. "Hope" that it's temporary.
A lot will depend on how much further we drive up the debt.
Precisely, and what's really fucked about where we are now, is that it's not even specifically about debt per se, as in money owed to someone else like the Chi-coms. We've moved past that into "printing money like fucking Zimbabwe" mode.
We can seize every cent of wealth and net worth from every American worth a million $ or more, and we don't even come close to paying for Biden's* proposed spending.
You actually have a valid point.
It's impossible to determine what will happen with the economy.
If it grows rapidly, the increases in tax revenue, the government will not have to buy more bonds. Supply and demand applies here.
Seriously, if you look back into the last 65 years, the Democrats have a much better record.
It's always a balancing process.
Economies under GOP presidents have underperformed than under Democratic Presidents.
That's nice alky.
Unfortunately for you it's completely irrelevant to this thread.
As usual.
Bidenomics ignored Inflation .
The James "All-star team" said it was under their control.
So The feds said their target for 2021.
"Rate
The current inflation rate by the Fed's preferred measure is about 1.3%.Feb 24, 2021"
Oppsie
Then.....
"The FOMC expects headline CPI inflation of 2.4 percent"
Oppssie
Reality is they don't know what they are doing.
The was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.Nov 3, 2016
https://www.federalreserve.gov › faqs
I bring it up because it is the answer to this post
Jimmy Hitler Jr.
Obama passed a massive stimulus package in February 2009 to jumpstart the economy - and it was successful.
That's a complete LIE. Even 0linsky joked that all his spending didn't stimulate any shovel-ready jobs. Which is exactly why he had to pivot to his laughable "jobs saved or created" bullshit.
His auto bailouts bailed out only the UAW, while completely screwing the corporate bondholders.
His "green energy stimulus" was nothing but a not so elaborate money laundering scheme spinning mountains of taxpayer cash through fraud's like Solyndra only to have the cash find it's way to the DNC.
I could go on.
It was all a fucking con.
"Roger AmickJune 11, 2021 at 9:13 AM
The fact that bond yields have come down.
They are a major factor in inflation rates" alkynomics
Bond rates cause inflation?
The was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law.Nov 3, 2016
https://www.federalreserve.gov › faqs
More plagiarism with zero relevance. You're on another one of your rolls alky.
"
rrbJune 11, 2021 at 9:17 AM
Blogger Roger Amick said...
The fact that bond yields have come down.
They are a major factor in inflation rates.
Elaborate please"
He can't explain himself.
Val Demings Raises $1 Million In 24 Hours
June 11, 2021 at 11:35 am EDT By Taegan Goddard Leave a Comment
“Rep. Val Demings (D-FL) raised $1 million for her nascent Senate bid in the day after she announced that she plans to challenge Sen. Marco Rubio (R-FL) in 2022,” The Hill reports.
“The $1 million figure is staggering for a candidate, especially in a year without any regularly scheduled federal elections.”
"The FOMC expects headline CPI inflation of 2.4 percent"
2.4% is a lowball estimate. It's 3% all day.
And climbing.
It has long been felt that Obama made a mistake by giving in to Republicans and not passing as strong a stimulus package as he should have.
Biden is determined not to make that mistake.
Caliphate4vrJune 11, 2021 at 9:39 AM
Elaborate please.
Yeah, right
LOL"
Exactly, 4F-Alky cut n paste others, but, he does not understand.
CPI year over year is 5%.
Alkynomics failed to understand this yesterday.
"Biden is determined not to make that mistake."
Jamie
Is Biden's $4.9 Trillion in prposed addition stimulus enough for you James?
Marjorie Taylor Greene Doesn’t Believe In Evolution
June 11, 2021 at 11:48 am EDT By Taegan Goddard 43 Comments
Rep. Marjorie Taylor Greene (R-GA) told Steve Bannon on his podcast that she does not believe in evolution, preferably accepting the teaching of the Bible instead.
Said Greene: “I don’t believe in evolution… I don’t believe in that type of so-called science. I don’t believe in evolution. I believe in God.”
________
Sarah Palin said dinosaurs and humans existed together on the earth.
No. No dinosaur ever saw a human, and vice-versa. And that's real science.
Of course James has to attempt to change the subject.
Bidenomics failing.
Clear economic "headwinds" of Bidenomics shortages
Food
Water
Electricty
Blogger KansasDemocrat said...
Clear economic "headwinds" of Bidenomics shortage
You get more moronic daily goat fucker.....!!!!!! BWAAAAAAPAAAAAA!!!! The biggest shortage you have is both intellect and a moral compass while the GOP is looking for anything to complain about!!!!!!!!
te. It's 3% all day.
Please elaborate how you derived that number.....!!!!!
Please elaborate how you derived that number.....!!!!!
It looks like I was low -
Core inflation, which strips out volatile items such as food and energy, leaped to the highest level since 1992. It rose 3.8% year-on-year, up from 3% in April.
https://www.theguardian.com/business/2021/jun/10/us-inflation-highest-rate-stocks-consumer-price-index
BWAAAAAAAAAA!!!!! Yep....the guardian...LOLOLOL!!!! IOW's you have nothing to elaborate your position except plagiarizing what you read!!! Now that is hysterical !!!
Marjorie Taylor Greene Doesn’t Believe In Evolution
At this point why do you care. Why does anyone care.
Ilam Omar believes the Jewish state must be liquidated and Jews put back in concentration camps if not exterminated.
I assume you agree with her.
Val Demings Raises $1 Million In 24 Hours
Her campaign will crash and burn. She's not going have the state's Latino voters and she sure as hell not going to have the white conservative voter.
And even a portion of the black conservative vote may defect. She is way too far to the left for this state.
Cnbc
"Headline consumer prices rose 5% year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations"
Correct RRB
"Core inflation, which strips out volatile items such as food and energy, leaped to the highest level since 1992. It rose 3.8% year-on-year, up from 3% in April.
https://www.theguardian.com/business/2021/jun/10/us-inflation-highest-rate-stocks-consumer-price-index"
Roger , never did elaborate on how bond prices drive inflation.
The consumer prices index rose at an annual rate of 5% in May, up from 4.2% in April and the highest since August 2008, according to the US Bureau of Labor Statistics. Inflation has steadily climbed since January, when it was 1.4%.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the
U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the
all items index increased 5.0 percent before seasonal adjustment; this was the
largest 12-month increase since a 5.4-percent increase for the period ending
August 2008.
The index for used cars and trucks continued to rise sharply, increasing
7.3 percent in May. This increase accounted for about one-third of the
seasonally adjusted all items increase. The food index increased 0.4 percent in
May, the same increase as in April. The energy index was unchanged in May, with
a decline in the gasoline index again offsetting increases in the electricity
and natural gas indexes.
The index for all items less food and energy rose 0.7 percent in May after
increasing 0.9 percent in April. Many of the same indexes continued to increase,
including used cars and trucks, household furnishings and operations, new
vehicles, airline fares, and apparel. The index for medical care fell slightly,
one of the few major component indexes to decline in May.
The all items index rose 5.0 percent for the 12 months ending May; it has been
trending up every month since January, when the 12-month change was 1.4 percent.
The index for all items less food and energy rose 3.8 percent over the last
12-months, the largest 12-month increase since the period ending June 1992. The
energy index rose 28.5 percent over the last 12-months, and the food index
increased 2.2 percent.
https://www.bls.gov/news.release/cpi.nr0.htm
https://www.theguardian.com/business/2021/jun/10/us-inflation-highest-rate-stocks-consumer-price-index
You were saying, BWAA?
Good job RRB.
Roger AmickJune 11, 2021 at 9:13 AM
The fact that bond yields have come down.
They are a major factor in inflation rates" alkynomics
Bond rates cause inflation?
Ass backwards as usual. As KD and I know inflation lead to interest rate increase lead to lower bond yields as bond prices are reduced.
Still you cannot elaborate how YOU came up with the number other than plagiarize another opinion.....BWWAAAAAAAAA!!!!! You really are as dumb as I thought!!!!!!! Thanx again for playing!!!!
CS, yes we do, as does RRB.
Driving gas prices higher, choking off future supply. Bidenomics has scored to major green energy wins.
Kill Keystone XL , end fracking and stop ANWAR drilling.
Now onto choking and killing more .
"Gore also urged Biden to stop the Byhalia Pipeline in Tennessee, a project targeted by “environmental justice” activists who claim it will risk the drinking water of the black community in Memphis."
They cannot defy to testify in the Congress.
If they refuse to testify the Congress Congress police officers can put them in jail until they testify
WASHINGTON—Senate Majority Leader Chuck Schumer (D., N.Y.) and Senate Judiciary Committee Chairman Dick Durbin (D., Ill.) called for former attorneys general Jeff Sessions and William Barr to testify before Congress under oath. The request followed revelations that the Trump Justice Department secretly sought records from Apple Inc. related to communications by Democrats on the House Intelligence Committee and their aides and relatives.
“If they refuse, they are subject to being subpoenaed and compelled to testify under oath,” the two senators said in a statement. “In addition, the Justice Department must provide information and answers to the Judiciary Committee, which will vigorously investigate this abuse of power.”
The senators also said that other officials who were involved must testify before the Senate Judiciary Committee under oath. “We expect that our Republican colleagues will join us in getting to the bottom of this serious matter,” they said.
Apple in May notified individuals associated with the committee that the Justice Department had issued grand-jury subpoenas for their information in February 2018, a committee official said. The committee immediately contacted the Justice Department for clarification and additional information, the official said, adding that the department informed the committee last month that the matter had been closed.
When they can't make an argument for themselves they call it alkynomics they are stupid
Joseph Stalin is laughing at Trump.
WASHINGTON – Deputy Attorney General Lisa Monaco asked the Justice Department’s inspector general to open an investigation on Friday, a senior Justice Department official told The Associated Press, after revelations that former President Donald Trump's administration seized phone data from House Democrats in 2018 as part of an aggressive leaks investigation. The request came after Senate Democratic leaders demanded that Trump-era Attorneys General Bill Barr and Jeff Sessions testify about the seizures.
The Justice Department during the Trump administration secretly seized the Apple phone data of Democratic members of the House Intelligence Committee as well as their family members as part of a leak investigation.
The New York Times, which first reported on the seizure Thursday night, said the Justice Department subpoenaed the tech giant for phone data of about a dozen people, including two Democrats on the committee, their aides and family members, one of whom is a minor.
Rep. Eric Swalwell confirmed that his phone data, as well as those of lawmakers' family members, were among those that were seized. The California Democrat also said that Apple, which was under a gag order preventing it from telling lawmakers their data were subpoenaed, had notified him that his records were seized.
"I believe (the family members) were targeted punitively, not for any reason in law, (but) because Donald Trump identified Chairman Schiff and members of the committee as an enemy of his,"
In the future, Trump's DOJ was the KJB
Obama passed a massive stimulus package in February 2009 to jumpstart the economy - and it was successful.
That was a bill in the area of around $900 billion.
We have already spent three times more than that in extra deficit spending in the past year and Biden and Democrats are looking to add another 2 trillion or more?
There is a difference in scope here Rog...
https://www.bls.gov/news.release/cpi.nr0.htm
C'mon Rat!
These are simply objective numbers that have not had a chance to be brought through the liberal rhetoric machine and provided a reasonable TPM yet.
Give it a day or two. The real rhetoric will available shortly.
C'mon Rat!
These are simply objective numbers that have not had a chance to be brought through the liberal rhetoric machine and provided a reasonable TPM yet.
Give it a day or two. The real rhetoric will available shortly.
Yeah,
Better to change the subject to Durbin, Schumer and some twat name Lisa Monaco.
LOL.
Roger AmickJune 11, 2021 at 9:13 AM
The fact that bond yields have come down.
They are a major factor in inflation rates" alkynomics
Bond rates cause inflation?
"
Roger AmickJune 11, 2021 at 12:38 PM
When they can't make an argument for themselves they call it alkynomics they are stupid.
Oh Roger, your back, ok , so get to explaining your economic stand on bonds driving inflation.
I 💯% agree with how they must vote.
Stop beating your gums and get to the doing.
"On Wednesday’s broadcast of CNN’s “AC360,” Sen. Ed Markey (D-MA) stated that he is against cutting a deal on an infrastructure package if Republicans won’t put climate provisions in the deal.
Markey said, “[I]f the Republicans say no climate, then I say no deal. Let’s just move on. Let’s move to the next phase where we work, using the reconciliation process, as you said, which only needs 51 votes, all Democrats plus Kamala Harris, in order to pass something...."
Yeo said that Trump deserved a Pulitzer Prize. Because he was a drug addict and Black man.
Darnella Frazier, the teen who recorded a comprehensive video of the killing of George Floyd last May, was recognized on Friday by The Pulitzer Prize board.
Frazier, who was 17 at the time of the incident, was awarded a special citation for "courageously recording the murder of George Floyd, a video that spurred protests against police brutality around the world, highlighting the crucial role of citizens in journalists' quest for truth and justice," the organization said.
Frazier also testified during the trial of former Minneapolis Police Officer Derek Chauvin, who was found guilty in April of second-degree murder, third-degree murder and second-degree manslaughter in the death of Floyd.
https://en.m.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
Frazier, who was 17 at the time of the incident, was awarded a special citation for "courageously recording the murder of George Floyd, a video that spurred protests against police brutality around the world, highlighting the crucial role of citizens in journalists' quest for truth and justice," the organization said.
LOL. That shit's splattered all over World Star Hip Hop every fucking day, alky.
She's no hero, but you ARE the Jeffrey Toobin of this blog.
https://worldstarhiphop.com/videos/
The economic recovery in the last year of the Obama recovery was two times a higher percentage than the first year of the former President Trump. Look it up.
LOL.
BREAKING: Labour Party member comments “At least Trump was attentive,” says Biden can’t keep up with G7 events or follow note cards, per WH official to
@HumanEvents
https://twitter.com/JackPosobiec/status/1403105765947318272
https://www.newsbreakapp.com/n/0aRYaLSB?&share_destination_id=OTk4MTAxMzQtMTYyMzQzNjQyMjUyMw==&s=a7&pd=06knAsNf&hl=en_US&lp=v4
https://www.newsbreakapp.com/n/0aRYaLSB?&share_destination_id=OTk4MTAxMzQtMTYyMzQzNjQyMjUyMw==&s=a7&pd=06knAsNf&hl=en_US&lp=v4
https://www.forbes.com/sites/chuckjones/2020/02/17/obamas-2009-recovery-act-kicked-off-over-10-years-of-economic-growth/
https://www.forbes.com/sites/chuckjones/2020/02/17/obamas-2009-recovery-act-kicked-off-over-10-years-of-economic-growth/
Darnella:
"He be dead. He be GRAVEYARD DEAD, an shit yo."
LOL. A P-U-litzer.
yay.
You impressed by this alky? That makes one of us.
Now then, tell us again about bond yields and inflation.
You know, the actual fucking TOPIC of this thread.
Teen Who Filmed George Floyd’s Death Is Awarded Honorary Pulitzer Prize
https://www.newsbreak.com/news/2278175413321/teen-who-filmed-george-floyd-s-death-is-awarded-honorary-pulitzer-prize
Not to be confused with a real actual Pulitzer prize which is also fucking worthless.
Right alky live asshole?
LOL.
The kid just happened to be there and was appalled at what she was seeing and hearing and so she kept videoing it. She could not believe what she saw happening right there in front of her and others.
Again, Roger gets an "F" grade.
Roger AmickJune 11, 2021 at 9:13 AM
The fact that bond yields have come down.
They are a major factor in inflation rates" alkynomics
Bond rates cause inflation?
Roger' S got no answer, again, on topics he brings here.
And once again the goat fucker proves he knows Jack Shit!!!!!!!!!!!! Especially providing a cogent reason that gas prices are moving upward instead of its bidens fault !!! BWAAAAAAAAAAAAAAAA
be confused with a real actual Pulitzer prize which is also fucking worthless.
The same can be said about EVERYTHING YOU POST dumbass!!!!!!!!
Gee I was just playing around looking at Olivia Troyes creds and found this.....I am sure you slurpers will ignore but anyone on the fence should be interested.... a very extensive and impressive list of R's who think trump should not have run.....
https://en.wikipedia.org/wiki/List_of_Republicans_who_opposed_the_Donald_Trump_2020_presidential_campaign
Missing nap time sure messes you up with jet lag thingy.
BREAKING: Labour Party member comments "At least Trump was attentive,” says Biden can’t keep up with G7 events or follow note cards, per WH official to 1
@HumanEvents
https://twitter.com/JackPosobiec/status/1403105765947318272
https://twitter.com/JackPosobiec/status/1403105765947318272
BWAAAAAAAAAAAAAA!!!!!!!! What a sorry sack of shit you and Jack are.....you believe everything that twitter puts out!!!!!!!!
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