House Majority Leader Steny Hoyer told reporters on Tuesday that House leadership plans to hold a vote on final passage of President Biden’s $2 trillion Build Back Better Act by Friday at the latest.
Biden’s social spending bill contains new federal benefit programs and about $550 billion for climate change initiatives.
“I expect to consider most of the debate, perhaps not all, but most of the debate on Build Back Better on Tuesday, excuse me, on Wednesday, today’s Tuesday, on Wednesday, tomorrow,” Hoyer said during a news conference. Read More
The final $1.2 trillion INVEST in America Act passed the Democrat-led House in a late night vote on Friday. Tucked away inside the infrastructure bill are some controversial policies, including these five:
1. The cryptocurrency tax provision in the Senate version of the bill was the subject of scrutiny from Democrats and Republicans. The language was not amended in the final bill that passed the House. The legislation includes an IRS reporting requirement for brokers of cryptocurrency transactions.
2. Under the “national motor vehicle per-mile user fee pilot” section of the bill, there is a pilot program to create a vehicle miles traveled system for taxing drivers based on their annual vehicle mileage. During his confirmation process, Transportation Secretary Pete Buttigieg floated the idea of taxing motorists based on the number of miles they travel each year as a way to partly fund the legislation. The Biden administration backed off of full-scale development of the controversial proposal, settling instead for a pilot program. Read More
Since Jan. 20, 2021, many of us have wondered whether the policies of the Biden administration are driven by folly and stupidity, or whether they are deliberate attempts to wreak havoc on the United States of America. The foolish and tragic withdrawal from Afghanistan, the ongoing demolition of businesses and occupations by a prolonged pandemic and now by vaccine mandates, the shipping and trucking crisis, the skyrocketing inflation: Do these and so many other fiascoes, we ask ourselves, derive from ignorance or from calculation?
Two days ago a definitive answer to this question arrived in the mail.
It’s deliberate. Read More
Over 60% of Americans said that President Joe Biden’s policies were at least somewhat responsible for the accelerating inflation in the United States, a new poll shows.
A Politico/Morning Consult poll released Tuesday shows that around 40% of respondents said that the Biden administration’s policies were “very responsible” for higher inflation, while 22% said that they were “somewhat responsible.” The poll results come as inflation levels hit record highs and economists predict that inflation, along with supply chain shortages, could persist into 2022. Read More
“The graveyards are full of indispensable men,” goes the old saying, and who could argue? The sun rose this morning as it did yesterday and will again tomorrow. Life goes on, as always, for better and often for worse. But now it is a life bereft of the remarkable intellect and insight of Angelo Codevilla, a patriot who despised what he saw his country becoming and who sought to rouse and educate his fellow Americans to resist.
Truly, he was our indispensable man.
He was remarkable, too, for his energy. It isn’t quite correct to say he was indefatigable. At 78, he couldn’t help but slow down a bit. But this was a man who survived two heart transplants and a number of recent health challenges. Even when he was sick, he kept writing and working. Read More
The distant eyes and slack mouth, the befuddled shuffle off the walkway, recurrent unexplained schedule gaps and public disappearances, and off-the-wall comments finally make Joe Biden a pale copy of his hero, Franklin D. Roosevelt.
In wrapping up a war and realigning the world order, the first eight months of Biden as president resemble the last years of Roosevelt—except that FDR was on the cusp of victory against an avowed enemy. Read More
Amazon is creating a team dedicated to actively locating content that violates its policies and removing it from its cloud hosting platform, Reuters reported.
The company’s cloud services division, Amazon Web Services (AWS), is set to hire several people to monitor and remove abusive, illegal, and violent content, a source familiar with the plans told Reuters. The team will also work with outside researchers to review and identify offending content, the source said.
AWS provides data storage, machine learning, and cloud web-hosting, among other services. The division attracted controversy earlier this year when it kicked social media app Parler off its cloud servers over allegations the app was used to coordinate the Jan. 6 riots inside the Capitol building. Read More
Prominent economic historian Niall Ferguson said current inflation could be in line with where it was in the 1960s during the period that preceded a decade of high consumer prices, CNBC reported.
“What is interesting about disasters is that one can lead to another,” Ferguson said in a Friday interview with CNBC. “You can go from a public health disaster to a fiscal, monetary and potentially inflationary disaster.”
During the 1960s, inflation stayed low before shooting up in the 1970s, according to government economic data. Consumer prices ultimately peaked in 1980 before rapidly declining. Read More
President Joe Biden encouraged private sector companies Monday to “step up” vaccine requirements for employees following the Food and Drug Administration’s approval of the Pfizer COVID-19 vaccine.
“If you’re a business leader, a non-profit leader, a state or local leader, who has been waiting for full FDA approval to require vaccinations, I call on you now to do that. Require it,” Biden said. “Do what I did last month. Require your employees to get vaccinated or face strict requirements.” Read More
With the election of Joe Biden, there is increasing pressure for the United States to accommodate the global ambitions of the People’s Republic of China (PRC). Such a policy will weaken the strategic position of the United States and embolden the Chinese Communist Party (CCP), which seeks to transform the rules of international politics, and has demonstrated its willingness to employ coercive measures, including threats and open conflict, to achieve its aims.
As it has done for decades, and does so now with the Biden Administration, the CCP makes appeals for accommodation while emphasizing the need to turn away from more confrontational policies, like those most recently advanced by the Trump Administration. And as always, China’s words must be seen as tactical measures it deploys in pursuit of its objectives. Thus, it is only a matter of time before attempts to cooperate with China fail. However tempting, accommodation will not succeed for the stark reason that China does not want it.
Party Chairman Xi Jinping has made clear that what China seeks is world hegemony. And it is upon the pursuit of this hegemony that his power in the regime depends. Read More
In recent days, conservative media outfits have gleefully presented one of the least surprising headlines of modern times. Namely, that Joe Biden’s presidential approval rating has sunk below the waves.
In the latest Rasmussen poll, Biden is now at a 47 percent approval rating, with 52 percent disapproval. Worse, his Strong Approval number is only 27 percent, compared to a Strong Disapproval of 42. That gives him a minus-15 in Rasmussen’s approval index numbers.
Thursday’s numbers were one point better than Wednesday’s, which is likely statistical noise. The trend, however, is not Biden’s friend. Read More
President Biden so desperately wants the vaccine-hesitant part of the country to get their shots that he may have spread a little misinformation. “You are not going to get COVID,” he promised during a CNN town-event Wednesday night, “if you have these vaccines.”
Of course, this is not true. Biden knows it. He said as much later during the forum, explaining that, while vaccinated individuals enjoy significant protections, they can still test positive for the virus. But even if that happens, the president pointed out, the vaccine largely mitigates the most serious dangers. “You are not going to be hospitalized,” he said, reciting the latest scientific consensus. “You are not going to be in the IC unit, and you are not going to die.”
The fact that fully vaccinated individuals can still contract the coronavirus is a medical reality. It has also led to more uncomfortable questions about transparency for the Biden administration. Read More
A year ago, “defund the police” activists were having quite a time. Outlets like CNN and Vox were publishing fawning profiles. Social media sensations like Reps. Alexandria Ocasio-Cortez and Ilhan Omar were leading the parade. Cities like Los Angeles, Minneapolis, and Austin even approved partial defundings. It was a juggernaut.
Now? A tough-on-crime former cop just won the Democratic mayoral nomination in Bill de Blasio’s New York. Former President Barack Obama is warning fellow Democrats, “You lost a big audience the minute you say [‘defund the police’].” Sen. Bernie Sanders has rejected calls for “no more policing.” And White House Press Secretary Jen Psaki, a few weeks ago, bizarrely claimed that it was not Democrats but Republicans who wanted to defund the police (because they opposed President Biden’s $1.9 trillion stimulus bill).
What happened? Intoxicated by a few policy wins in deep blue cities, enthusiasm in the left-leaning Twitter echo chamber, and their viselike grip on the national media, “defund” activists overlooked one important detail: Their agenda was deeply unpopular with most Americans. A summer 2020 YouGov poll found that just 16 percent of adults wanted to cut police funding — much less “defund” the police. Indeed, 81 percent of black Americans wanted police to spend as much or more time in their communities. During a year when major American cities saw an unnerving increase in homicides, after years of declines, that reaction was not just understandable, it was wholly predictable. Read More
A majority of respondents believe that the federal government should push policies that reduce income inequality in the United States, according to a poll released Friday by Axios.
The Axios poll shows 66% of respondents say the government should work to lower the level of income distributed unevenly, up 4% compared to 2019.
Republicans surveyed who agreed the government should tackle income inequality increased by 5%, and Independents who responded similarly increased by 2%, according to the poll. Democrats saw an increase of 7% in favor of such policies compared to 2019. Read More
Opponents of minimum wage laws tend to focus their criticism on one particular adverse consequence: by artificially raising the price of labor, they reduce employment, particularly for the most vulnerable in society.
“Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers,” economist Murray Rothbard wrote in 1978. “Because a minimum wage, of course, does not guarantee any worker’s employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
Though some economists, such as Paul Krugman, reject Rothbard’s claim, a recent study found the overwhelming body of academic research supports the idea that minimum wage laws increase unemployment. Read More
Inflation is up 4.92 percent the past 12 months as of May, the most since July 2008’s 5.5 percent, according to data compiled by the Bureau of Labor Statistics, amid a torrent of trillions of dollars of government spending, Federal Reserve money printing and a weakening dollar combined with the continued economic rebound led by reopening businesses from the 2020 Covid lockdowns.
The past three months alone, inflation has grown at an accelerated rate of 2 percent combined. If that trend were to hold up for the rest of the year, inflation would come closer to 8 percent.
In the month of May, price jumps in fuel oil at 2.1 percent and piped gas service at 1.7 percent offset a 0.7 percent drop in gasoline prices. In addition, new car prices grew 1.6 percent. Used cars and trucks grew at 7.3 percent again after a 10 percent jump in April. Apparel jumped 1.2 percent. And transportation services grew 1.5 percent after a 2.9 percent jump in April. Read More
Many of the independent, undecided and even Democrat voters who chose Joe Biden over President Trump last November did so in hopes that his “moderate” demeanor would signal a return to some sort of “normalcy.”
However, from the moment he took office on January 20th, Biden has proven himself to be anything by moderate. So far Biden seems far more concerned with pandering to the “AOC” wing of his party while the American people pay the price.
On day one of his presidency, Biden rescinded permits for the Keystone XL pipeline, killing an estimated 40,000 high-paying American jobs with the stroke of a pen. He followed this blatant swipe at the American worker again last week by voicing his approval for Vladimir Putin’s plans to build a similar pipeline through Russia and Germany. Critics say this will only strengthen Russia’s dominance over Western Europe’s gas supply. All this while America went from energy independence under Trump, to gas shortages and price hikes under Biden. Lunch Bucket Joe supports Russian jobs over American workers. And we were led to believe the other guy was the “Russian asset.” Read More