Category Archives: Economy

Republicans Pounce On Data Saying “Inflation Reduction Act” Will Raise Taxes

Well, maybe not pouncing, but, arguing, but, if the data shows this, is there any argument? Well, CNN sure gives it ago in defending the bill Republicans argue Manchin and Schumer’s energy, health care deal will raise taxes, citing nonpartisan data Americans of all incomes would see their federal taxes rise under the climate and […]

NY Times: Democrats “Inflation” Plan May Lower Costs Sometime In The Future

If a team drafts someone in the 1st round, they expect that person to provide value almost immediately, not way down the line. Isn’t that the point of an inflation plan? To make things happen right now, when inflation is running rampant? (Yahoo reprint not behind a paywall here) Democrats’ Plan to Fight Inflation May […]

Senate Inflation Reduction Act Doesn’t Seem Much About Inflation Reduction

I’m having a tough time finding any article that shows that the Manchin/Schumer Inflation Reduction Act will reduce inflation, at least in the next 2-4 years. Meaning, it will pretty much not reduce inflation ever (NTU) A closer look at the timing of the new spending and tax cuts in the bill (versus the timing […]

Manchin Agrees To Slimmed Down Build Back Broke Deal

Did someone have something on Joe Manchin, causing him to agree to legislation that will make inflation worse? Lawmakers react after Manchin, Schumer agree to reconciliation deal: ‘Build Back Broke’ Republicans are not pleased with the prospect of a revived version of Build Back Better after Sen. Joe Manchin, D-W.Va. and Senate Majority Leader Chuck […]

Who’s Up For Ford Laying Off 8K To Finance Their EV Initiative

I’m sure the workers are thrilled to sacrifice for the great good of getting everyone into an EV, right? Ford Plans to Lay Off 8,000 Workers to Help Finance Electric-Vehicle Initiative Ford Motor Company plans to lay off as many as 8,ooo employees in the coming weeks to help finance its electric-vehicle initiative. The cuts […]

The Government Has Tried To Do Something About Inflation Or Something

Even though there are a few points where this The Hill piece softly slaps the Biden administration, it mostly seems to be taking the position of “well, Los Federales tried, but, you dumb citizens aren’t helping.” Now, if this were happening under Trump, the headline and Blamestorming would be much different, including the headline The […]

10% Say Biden’s American Is Heading In The Right Direction

The 10% must be the celebs and rich folks making money off the misery of Americans Only 10 Percent Say Joe Biden’s America Is Headed in Right Direction, Worst Result Since 2013 Only 10 percent of Americans say President Joe Biden’s America is headed in the right direction, according to a Tuesday Monmouth poll. While […]

Consumer Expectations Falls To 9 Year Low

Who was president 9 years ago? And who was the VP? Consumer expectations fall to 9-year low as inflation weighs on Americans The Conference Board’s latest reading on consumer confidence showed consumer expectations in June fell to their lowest level since 2013. The Conference Board’s consumer confidence index for June fell to 98.7 from 103.2 in May, […]

California To Send Out Inflation Relief Check, Increasing Inflation

This is meant to fight high gas prices. What happens when you “prime the pump” with even more stimulus during times of inflation? You get more inflation. Which doesn’t matter to the Democrats in Sacramento, they see a way to buy the support of Californians come election time, because most of the electeds are rich […]

Biden Minions To Travel Around Country Telling People What Biden’s Doing On Inflation

This is their plan President Biden’s top economic priority is addressing inflation and lowering costs for American families. Here are the three components to his plan: pic.twitter.com/3d4VID06kK — The White House (@WhiteHouse) June 1, 2022 There is, finally, a little more detail on the White House website, but, most of it makes little sense, spends […]

Pirate's Cove