Along with a working vaccine, Joe Biden inherited a V-shaped economic recovery, but he is now planting the seeds of its destruction. Inflation, federal deficits, high taxes, incentives for workers to stay home, and incentives to avoid investment – they’re all coming back. Together, these elements create the perfect brew for a Lyndon Johnson-style stagflation. If Biden and the Democrats so quickly wreck the good economic path they were given, it will be one of the worst examples of government malpractice in U.S. economic history.
In the first, dark days of the COVID-19 national economic shutdown last spring, there was a clear need for major stimulus. Both parties united to pass an effective and much-needed response.
The U.S. gross domestic product saw a 33.4% surge in the July-September third quarter of 2020, after plunging 31.4% in the April-June second quarter. The economy continued to grow at a 4% rate in the fourth quarter, and the stock market (despite COVID) ended 2020 with the S&P 500 index up 16% for the year as a whole.
Patrisse Cullors, the co-founder and executive director of Black Lives Matter’s national arm, has funneled business to a company led by a man she identified as the father of her only child, a Daily Caller News Foundation review of business records, interviews and social media posts found.
The company, Trap Heals, was formed just days before partnering with Black Lives Matter Global Network Foundation and later became the charity’s “lead developer of the art & cultural efforts,” according to business records, interviews and an archived version of Trap Heals’ website. Two other activist groups Cullors led paid Trap Heals a collective $238,000 to produce an election night livestream and for consulting services, campaign finance records show.
In numerous public mentions of their work, Cullors and Turner did not disclose that they had a child together. But in at least one instance, Turner said Cullors was directly involved in Trap Heals’ partnership with BLM Global Network.
The teachers union in the middle of a scandal for influencing the Centers for Disease Control and Prevention’s official school reopening guidance gave nearly $20 million to Democrats in the 2020 election cycle, filings show.
Federal election filings reveal that the American Federation of Teachers and its local affiliates spent $19,903,532 on political donations during the 2020 cycle, with nearly all of the funds going to Democrats and liberal groups.
Last year’s AFT donations include $5,251,400 for the Democrats Senate Majority PAC and $4,600,000 for the Democratic House Majority PAC, according to data compiled by The Center for Responsive Politics’ Open Secrets database.
The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.”
The Pfizer and Moderna coronavirus vaccines are highly effective against and prevent illness from common variants of the virus, according to recently released studies.
The vaccine made by Pfizer is effective against the coronavirus variants that originated from the U.K. and South Africa, according to multiple studies released Wednesday that examined real-world vaccinations, The New York Times reported. Moderna reported that an early-stage trial suggested its vaccine is effective against the South African variant and a third variant originating from Brazil when given as a single-dose booster shot.
“At this point in time, we can confidently say that we can use this vaccine, even in the presence of circulating variants of concern,” London School of Hygiene and Tropical Medicine infectious disease researcher Annelies Wilder-Smith told the NYT.
During 2020 the US birth rate fell 4% lower than the year before – the largest drop in nearly 50 years, according to government data released Wednesday.
The report showed the number of births fell across all ethnicities and origins.
“This is the sixth consecutive year that the number of births has declined after an increase in 2014, down an average of 2% per year, and the lowest number of births since 1979,” the National Center for Health Statistics said.
You wouldn’t think any possible controversy could append itself to that day, except that we are living in preternaturally contentious times. Two days ago, Rep. Cori Bush, a freshman Democrat from St. Louis, was testifying about racial disparities in health care, focusing specifically on childbirth. While describing her own medical experiences, Bush used the unwieldy phrase “birthing people” instead of “mothers.” Apparently, this was an awkward attempt to use inclusive language.
Predictably, this rhetorical gambit earned her a fair amount of ridicule on social media. I’m sure Rep. Bush has many virtues, but neither self-awareness nor self-deprecating humor are at the top of that list. Just as predictably, Bush lashed out at those who mocked her wording for their “racism and transphobia.” She also accused her critics of trivializing an important subject, which was a more substantive rejoinder. Bush was discussing racial disparities in America’s medical system, which is no laughing matter, and invoking her own harrowing experiences in hospital delivery rooms to do it.
Yet breezily trying to replace the word “mothers” as a sign of wokeness a few days before Mother’s Day wasn’t likely to go down well. It was Cori Bush’s own peculiar choice of words that distracted listeners from her story.
Another Wyoming Republican is throwing his hat into the GOP primary race in an effort to unseat Rep. Liz Cheney (R-WY-At Large District). Darin Smith, a Cheyenne-based businessman, announced his candidacy Friday, according to a press release. The Wyoming native describes himself as “pro-God, pro-family, pro-life, pro-gun, pro-veteran, pro-oil…
To the delight of actual conservatives everywhere, it appears that U.S. Representaative Liz Cheney (R-Wyo.) will soon finally be out of the GOP leadership, rectifying a huge mistake made less than three months ago by House Minority Leader Kevin McCarthy (R-Calif.) and House GOP leadership when they steadfastly supported her against a groundswell of calls from voters for her removal.
At that time, McCarthy passionately defended her presence in leadership ahead of a secret ballot vote, with many describing his contribution as decisive in turning the tide toward keeping Cheney as House GOP conference chairman. That McCarthy would be forced to reverse himself just a few months later shows that his judgment as a leader is fatally flawed.
The question conservatives should be asking now is not why we need to oust Liz Cheney but how she ever got into leadership in the first place?