Inflation Continues to Plague Economy

Paul Collier March 13, 2024

While the White House tells us grocery prices are down under Biden, facts contradict that narrative, including the news that February’s inflation rate came in at 3.2%, which is higher than January’s inflation rate of 3.1%. The news comes as rumors swirl the Fed is considering rate cuts, something that might be less likely given this new data.

Excerpt from pjmedia.com

… “Time and patience” are two things Joe Biden can’t afford. Unless he can get that inflation number below 2.5%, his re-election will be in enormous trouble.

Fed officials have been debating how long they need to leave rates at their current level, about 5.3 percent. Elevated borrowing costs make it expensive for people to borrow to buy a house or expand a business, and that can weigh on the economy over time. While the Fed has been trying to tamp down demand enough to bring inflation under control, officials want to avoid crushing growth to the point that it leads to widespread job losses or a recession.

But some economists have been worried that it could be harder to slow inflation the rest of the way than it has been to achieve the progress so far. And Fed officials want to avoid lowering interest rates too early, only to find out that inflation is not fully quashed.

… Originally, the Fed planned a total of three interest rate cuts to bring the rate below 4%, but the latest inflation data should give the Federal Open Market Committee pause in initiating any interest rate cuts.

Special Council Testifies Biden Stole Top Secret Docs for Million Book Deal

Special Council Testifies Biden Stole Top Secret Docs for $8 Million Book Deal

Paul Collier March 13, 2024

Under oath before the House Judiciary Committee hearing, Special Council Robert Hur testified President Joe Biden took classified documents for the purpose of cash profit.

He told the committee, “Mr. Biden had strong motivations to ignore the proper procedures for safeguarding the classified information in his notebooks… During hours of recorded interviews in which he read aloud from his notebooks in his private home, Mr. Biden provided raw material to his ghostwriter detailing meetings and events that would be of interest to prospective readers and buyers of his book.”

Excerpt from www.theblaze.com

… Next, Jordan asked Hur about the advance Biden received for that book, “Promise Me, Dad.” According to Hur’s report, Biden received $8 million — a highly lucrative deal.

“Joe Biden had 8 million reasons to break the rules. He took classified information and shared it with the guy who was writing the book,” Jordan said. “He knew the rules, but he broke them for $8 million in a book advance.”.

.. Hur told Rep. Pramila Jayapal (D-Wash.) that his investigation did not exonerate Biden.

On the contrary, Hur explained in his opening statement that his investigation “identified evidence that the president willfully retained classified materials after the end of his vice presidency, when he was a private citizen.”

United Kingdom Halts Trans Kids’ Butcher Clinics

Paul Collier March 13, 2024

The UK’s National Health Service (NHS) has announced it will no longer allow the chemical castration of children as a method of treating gender dysphoria for kids. The reason for the reversal comes from the NHS’ claims that “gender affirming care” works to lower suicide rates or that it doesn’t have other “unintended” negative side-effects.

TikTok Ban Bill Could Have Trojan Horse Inside

Paul Collier March 13, 2024

The U.S. House appears poised to pass legislation that would force TikTok to completely sever all ties with the CCP or else be banned. The problem is the final bill might include a trojan horse that would allow the government to ban ANY social media app congress deems to be a threat to election security, even if they’re owned by Americans.

Former President Donald Trump, who once supported a ban (and was working towards that goal) has hedged his bets, but not for the Trojan Horse reason cited above. He said, “There’s a lot of good, and there’s a lot of bad with TikTok. But the thing I don’t like is that without TikTok, you’re going to make Facebook bigger.”

CCP-Infested Company Sets Up Shop Outside Major U.S. Military Bases

Paul Collier March 13, 2024

A tech firm named Cnano USA has admitted that the company is infested with members of the Chinese Communist Party. That same company is building a new facility in Kansas that is conveniently located near two major U.S. military bases.

The news was revealed with the President of the company, Shawn Montgomery, admitted to having CCP members in his company during his testimony this month before the Kansas House Committee on Commerce, Labor, and Economic Development.

Trump, Biden Cement Nominations

Paul Collier March 13, 2024

Donald J Trump and Joe Biden are set to repeat the battle of 2020 as both men have now unofficially won enough delegates to clinch their respective parties.

Trump added three more primary wins in Washington, Mississippi, and Georgia, winning each election by more than 80 percent of the primary vote. The news comes on the heels of a recent purge of the RNC by Trump’s daughter-in-law, Laura Trump, the new co-chair of the RNC.

Disney’s Activist Investor Ally Conceals Biased Interests

Paul Collier March 12, 2024

ValueAct, an “activist” investment group, has come out hard in support of Disney’s current Bob Igor led board in opposition to two other activist groups that are looking for substantive changes at Disney. What ValueAct failed to let voters know is that they have a vested interest in keeping Disney as it is, especially under Igor’s leadership, since they have been managing Disney’s pension fund since 2013.

One of the competing investment groups, Blackwell’s Capital, sent out a note urging voters to disregard any recommendations by ValueAct as they are too entangled with Igor and his board to give an objective opinion. Blackwell Capital wrote “Blackwells diligence revealed that the Board failed to disclose in the press release that ValueAct or its affiliates have been managing over $350 million of Disney’s pension fund assets, and that ValueAct has been earning fees ranging from approximately $55 million to $95 million for the services provided to Disney’s pension fund since as early as 2013.”

Biden Apologizes to Murderer for Calling Him an “Illegal,” Credits Him with Building Our Country

Paul Collier March 12, 2024

Whether prompted by his handlers or not, President Joe Biden decided to give an apology speech for calling the murderer of a 22-year-old Georgia University Student an “illegal” rather than “undocumented” person. He also credited these same illegal aliens with building America in a speech that only America’s enemies would love.

Biden stated “And I shouldn’t have used illegal, I should’ve… It’s undocumented. And look, when I spoke about the difference between Trump and me, one of the things I talked about on the border was his – the way he talks about vermin, the way he talks about these people polluting the blood. I talked about what I’m not going to do, and what I won’t do. I’m not going to treat any, any, any of these people with disrespect. Look, they built the country. The reason our economy is growing, we have to control the border and more orderly flow. But I don’t share his view at all.”

Excerpt from townhall.com

… When host Jonathan Capehart asked if he regrets using the word “illegal,” Biden said “yes.”

Former House Speaker Nancy Pelosi (D-CA) criticized Biden, saying that he “Should have said undocumented” as well.

The Biden re-election campaign’s national co-chair, Mitch Landrieu also slammed the president’s choice of word.

“He probably should’ve used a different word and I think he would know that. But what you should notice about that is not that he made a small mistake,” Landrieu told CNN. “The big thing that he didn’t write, and this is what this president always does, is express empathy to people, he expressed kindness to people. He understands because, as you know, he lost a number of children in his life.”

Rep. Chuy Garcia (D-Ill) said that he was “Disappointed to hear President Biden use the word ‘illegal.’”

Meanwhile, Rep. Joaquin Castro (D-TX) complained that Biden’s choice was “incendiary” and “wrong.”

Portugal Moves to the Center After Election

Paul Collier March 12, 2024

A new center-right coalition is expected to take over the government of Portugal after elections saw center-right and far-right parties win the majority of the seats. The highlight of the evening came from the right-wing Chega party which, after being formed in 2019, saw its vote shares grom from 1.3 percent in 2019, to 7 percent in 2022, to now 18 percent in 2024.

The election highlights populist surges not just in Portugal, but also in other EU member states, causing some to either hope or fear a possible populist domination in this year’s EU elections.

Excerpt from europeanconservative.com

Portugal, 85.8% of freguesias counted:

AD-EPP|ECR: 30% (-1)
PS-S&D: 29%
CH-ID: 19%
IL-RE: 4% (+1)
BE-LEFT: 4% (+1)
CDU-LEFT|G/EFA: 3%
L-G/EFA: 2%
ADN-*: 2%
PAN-G/EFA: 2%

+/- vs. 68.4% of freguesias counted pic.twitter.com/6mW4nGlUV4

— Europe Elects (@EuropeElects) March 10, 2024

Portugal veered rightwards following November’s grift scandal that toppled the ruling socialists (PS), with Chega securing approximately 45 seats in the 230-seat parliament, unprecedented for a party founded only in 2019 in a historically left-wing state.

While the centre-right effectively retained its electoral base under the umbrella of the AD alliance, upstarts Chega appear to have eaten into one-third of the PS vote share.

Biden Signs Partial Budget Bill

Paul Collier March 12, 2024

With no real concessions won, House Speaker Mike Johnson (R-AR) oversaw the passage of a partial budget in the House that was signed by President Joe Biden. The total amount of the spending bill comes to $460 billion and will keep “essential” agencies funded through fiscal year 2024.

Excerpt from timesofindia.indiatimes.com

… The measure contains six annual spending bills and had already passed the House. In signing it into law, Biden thanked leaders and negotiators from both parties in both chambers for their work, which the White House said will mean that agencies “may continue their normal operations.”
Meanwhile, lawmakers are negotiating a second package of six bills, including defense, in an effort to have all federal agencies fully funded by a March 22 deadline.
“To folks who worry that divided government means nothing ever gets done, this bipartisan package says otherwise,” Senate Majority Leader Chuck Schumer, D-NY, said after lawmakers passed the measure Friday night just hours before a deadline.