Friday, December 24, 2021

Biden’s Christmas Gift To America: Inflation, Debt, And Recession; Build Back Bankrupt Turns Into Another Major Failure For Joe Biden And Nancy Pelosi

Biden’s Christmas Gift To America: Inflation, Debt, And Recession
President Joe Biden is handing Americans a massive lump of coal this Christmas.
Where to begin? The United States is marred by the highest inflation in nearly 40 years while experiencing a seven-year high on gas prices. The country’s citizens grapple with a seemingly open southern border policy, a looming COVID-19 vaccine mandate to punish the “unclean,” and an unprecedented supply-chain crisis that one chief economist told the Wall Street Journal he does not see ending until at least 2023.
The total Christmas price index, the cost of each of the gifts from “The Tweleve Days of Christmas,” has risen 5.7 percent relative to 2019 — marking the most significant surge in eight years — according to figures from PNC Financial Services. The producer price index reached a record high in November, rising 9.6 percent. Stock futures are tumbling, and gold is inching higher. Skepticism has led to hoarding of cryptocurrency to escape the central banking system.
AAA’s year-end travel forecast indicated about 109 million Americans will travel this Christmas. This marks a 34 percent increase from last year. While most will be driving and grappling with the more than $1.25 per gallon increase at the pump, more than 6 million will fly and 3 million will take a train, bus, or cruise. Airfare is through the roof, at 5 percent more from last year, and car rentals are up 65 percent for New Year’s.
Our economy is sinking --->READ MORE HERE
Build Back Bankrupt Turns Into Another Major Failure For Joe Biden And Nancy Pelosi:
Appearing on ‘Fox News Sunday,’ Sen. Joe Manchin said he could not support President Biden and Nancy Pelosi’s multi-trillion-dollar spending plan, tanking Build Back Bankrupt.
In “The Hollow Men,” poet T. S. Eliot wrote that the world would end not with a bang but a whimper. To much of the left, their world (for the time being, anyway) ended Sunday morning on a Fox News soundstage.
Appearing on “Fox News Sunday,” Sen. Joe Manchin, D-West Virginia, indicated he could not support the multi-trillion-dollar spending plan President Biden and congressional Democrats had spent the second half of this year working to enact.
“I cannot vote to continue with this piece of legislation. I just can’t. I’ve tried everything humanly possible. I can’t get there….This is a no on this legislation. I have tried everything I know to do,” Manchin said.
Procedurally, Manchin’s comments carry no official weight. Democrats could still work to rewrite the legislation to meet his concerns and resurrect its chances for passage, much as they did with Obamacare following the shock election of Republican Scott Brown to Massachusetts’ U.S. Senate seat in January 2010.
But tonally, it feels like the end of the road, with Manchin speaking in a resigned, even deflated tone, much more in sorrow than in anger. If he could not bring himself to support the legislation after nearly six months of negotiations and deliberations, it seems unlikely that anyone or anything could get him to “yes.”
If Manchin’s comments signify the end of the road for this legislative package, it would then turn attention to the two individuals most responsible for its failure. These two individuals, each in the twilight of his and her career, trying to capture long-lost legislative goals and failing spectacularly, suggest the death of a graying, exhausted Old Guard within Washington—to be replaced by what, we know not. --->READ MORE HERE
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