Tag

Economy

Browsing

(RepublicanWire.org) – MSNBC reporter Jonathan Capehart on Sunday asked White House Press Secretary Karine Jean-Pierre why Americans, according to polls, trust Republicans to fix the economy.

Karine Jean-Pierre immediately blamed Trump for the economic crisis even though he has been out of office for nearly 2 years.

“There’s a fear of looming recession. Poll after poll show that voters say they trust Republicans more than Democrats when it comes to the economy,” Capehart said. “What’s the Administration’s response that persistent view among the electorate?”

“We have always said we understand what the American public is dealing with. We understand that there are high costs and we understand that they are feeling very squeezed right now,” KJP said before mumbling something about Joe Biden growing up in Scranton.

Then she blamed Trump: “When the president walked into this administration, the economy was in ruins. It was in absolute ruins.”

The economy was in ruins because Democrats forcefully shut down businesses during the Covid pandemic.

Inflation was 1.4% when Joe Biden was installed in January 2021.

Inflation skyrocketed to over 8% (it’s even higher but that’s what the Regime is admitting to) after Joe Biden and the Democrats spent trillions of dollars on Marxist pet projects.

The US economy is in a recession because of Joe Biden and the Democrats in Congress.

30-year fixed mortgage rates are over 7% after the Federal Reserve raised rates 3 times in a row for a total of 225 basis points over the summer.

The GDP supposedly ‘accelerated’ at 2.6% in Q3, but as TGP’s Joe Hoft pointed out, the numbers just don’t add up for the average American.

After two consecutive quarters of negative GDP, the BEA claims that the GDP in the 3rd Quarter was up by 2.6%.

While Biden sells US weapons, oil, and gas overseas, the average American suffers under 40-year high record inflation.

(RepublicanWire.org) – On Thursday, as Biden was trying to head out to his helicopter to go to Pennsylvania to campaign for John Fetterman, he stopped to speak with reporters. However, one reporter put him on the spot, “John Fetterman’s gonna appear with you today in Pennsylvania, but there haven’t been that many candidates campaigning with you…,” an indisputable statement of fact.

While answering the question, the president seemed especially angry and aggressive. Biden interrupted her, and grabbed her, “That’s not true! There’ve been 15. COUNT KID, COUNT!”

Then Biden was then asked a question that related to abortion rights. Upon providing his nonsensical answer in which he referred to the now-overturned landmark Roe v. Wade case, Biden can be seen reaching out and grabbing the reporter’s arms saying, “It’s Roe v. Wade. Read it, man. You’ll get educated.”

One can only imagine the sheer outrage from the left if former President Donald Trump exhibited the same erratic behaviors, to the point where he grabbed and yanked reporters’ hands and arms.

President Biden has often appeared to be short-tempered and has snapped at a number of reporters and members of the general public throughout his 2020 campaign and during the first 20 months of his presidency.

On Wednesday, Biden delivered some remarks on his infrastructure law and its implementation. Doocy took the opportunity to get Biden on record, asking whether he had “abortion or inflation” at the top of his domestic agenda.

“Mr. President, could you help us out just really quick? What is your top domestic priority? Is it inflation or is it abortion?” Doocy asked, prompting the president to cock his brow, and slowly fiddle with a pen, eventually putting it in his pocket as other journalists shouted questions.

“Just hoping to clarify for midterm voters, top domestic issue: inflation or abortion?” Doocy reasserted. This is when Biden snapped.

“They’re all important. Unlike you, there’s no one thing. It crosses the board. Domestic — ask me about foreign policy too. There’s multiple, multiple, multiple issues, and they’re all important,” Biden sneered. “And so — and we ought to be able to walk and chew gum at the same time. You know that old expression?”

The White House Press Association should be objecting to the way Biden treats reporters. This is getting out of control. Having a person in charge that acts like this is a danger to national security.

(RepublicanWire.org) – White House press secretary Karine Jean-Pierre on Tuesday dodged reporter’s questions.

First RealClearPolitics White House reporter Philip Wegmann asked two questions. Whether the president’s proposed codification of Roe would reverse individual states’ abortion restrictions implemented before the ruling in Dobbs v. Jackson Women’s Health Organization, which overturned Roe. And then, whether the president would support any restrictions on abortion.

“What the president is going to do, and wants to do and believes in doing is codifying Roe,” Jean-Pierre answered. “He believes that is what was law of the land, a constitutional right for almost 50 years and he believes, in its specific provisions, was rightly decided. He has said this regularly, including right after Dobbs, and that has not changed.”

“Right, but that didn’t answer either question. First of all, there are individual state restrictions on abortion in the books currently around the country,” Wegmann responded. “Some of those existed before the Dobbs case, before the overturn of Roe. Would the president, with this bill to codify Roe — does he want that bill to go farther?”

“I just answered that question, he believes in Roe and how it stood before the Dobbs decision,” she answered. The 1973 Roe decision legalized abortion nationwide up until the point of fetal viability, around 22 weeks. States remained free to restrict the procedure beyond that point.

When Wegmann repeated his question about whether the president supports any restrictions, the press secretary encouraged him to read the Roe v. Wade decision to understand the president’s stance on abortion.

The president promised during a Tuesday address that he would enshrine the provisions of Roe v. Wade in federal law if the Democrats are able to keep control of the House and win a clear majority in the Senate in November’s the midterm elections.

“The first bill I will send to the Congress will be to codify Roe v. Wade. And when Congress passes it, I’ll sign it in January, 50 years after Roe was first decided the law of the land,” Biden said.

Then, Fox News’s Peter Doocy asked questions about the administration’s priorities.

Given that inflation and economic issues are top concerns for Americans, Doocy wondered why President Biden is leaning into abortion.

“What is President Biden’s top domestic priority now?  Is it inflation or is it abortion?” he asked.  

Instead of offering a straightforward response, Jean-Pierre said both are important, clarifying that inflation is “his number-one economic priority.”  

Doocy didn’t let up.

 “You just said it’s ‘his number-one economic priority.’ We’ve heard the President say inflation is his top domestic priority, but now he’s saying, come next year, his first bill would be abortion related.  So is his number-one domestic priority abortion or is it inflation?”

The press secretary, in a roundabout answer, claimed Biden is “working on the economy every day,” which prompted another tough question from Doocy.

“So you said he’s been working on the economy every day for 19 months.  Now Bloomberg economists are forecasting a 100 percent chance of a recession.  So how is it that we can be barreling towards a recession and the economy is, as the President says, ‘strong as hell’?

“What we are seeing right now is the job market is strong, the labor force is strong.  And that is not what we see usually before — before a recession,” she replied. And a lot of that is because of the work that this President has done,” Jean-Pierre continued. 

(RepublicanWire.org) – The leaders of the U.S. Federal Bureau of Investigation (FBI) and Britain’s domestic security service MI5 made a rare joint appearance on Wednesday to warn business leaders about Chinese espionage threats, particularly those targeting Western technology companies’ intellectual property.

According to The Wall Street Journal, FBI Director Christopher Wray warned executives that the Chinese Communist Party is determined to steal technology as part of a broader effort to “undercut your business and dominate your market.”

“They’re set on using every tool at their disposal to do it,” he added.

Ken McCallum, director-general of MI5, highlighted Chinese President Xi Jinping’s global ambitions and his willingness to take “asymmetrical steps to catch up and overtake” the West. 

“This means standing on your shoulders to get ahead of you.  It means that if you are involved in cutting-edge tech, AI, advanced research or product development, the chances are your know-how is of material interest to the CCP,” McCallum said. “And if you have, or are trying for, a presence in the Chinese market, you’ll be subject to more attention than you might think. It’s been described as, the biggest wealth transfer in human history.”

McCallum said China is engaging in a wide range of tactics to get ahead, including theft of trade secrets, technology transfers, exploiting research, and cyber espionage.

He explained the CCP gathers information using multiple channels “in what is sometimes referred to as the ‘thousand grains of sand’ strategy.”

Among those channels is the use of “cultivating new contacts” through the “deceptive use of professional networking sites” using “seemingly flattering approaches” that “turn into something more insidious – and damaging.”

“In one example a British aviation expert received an approach online, ostensibly went through a recruitment process, and was offered an attractive employment opportunity. He travelled twice to China where he was wined and dined. He was then asked – and paid – for detailed technical information on military aircraft. The ‘company’ was actually run by Chinese intelligence officers.  That’s where we stepped in,” McCallum explained.

McCallum also noted that the CCP is running “sophisticated interference efforts” in an effort to “bend our economy, our society, our attitudes to suit the Chinese Communist Party’s interests.”

He added that the CCP is working “to set standards and norms that would enable it to dominate the international order,” like “normalising mass theft as ‘the cost of doing business these days.’”

“The widespread Western assumption that growing prosperity within China and increasing connectivity with the West would automatically lead to greater political freedom has, I’m afraid, been shown to be plain wrong,” McCallum warned. “But the Chinese Communist Party is interested in our democratic, media and legal systems. Not to emulate them, sadly, but to use them for its gain.”

Chinese Foreign Ministry pushes back on FBI Director Wray’s statement about threat China poses.

China warned that the United States is “the biggest threat to world peace, stability and development.”

Foreign Ministry spokesperson Zhao Lijan made the comments after  Wray gave a speech in London.

“The relevant U.S. politician has been playing up the so-called China threat to smear and attack China,” Zhao told reporters at a daily briefing when asked about Wray’s comments.

Zhao added that “facts have fully proven that the U.S. is the biggest threat to world peace, stability and development.”

“We urge this U.S. official to have the right perspective, see China’s developments in an objective and reasonable manner, and stop spreading lies and stop making irresponsible remarks,” Zhao said.

The National Counterintelligence and Security Center (NCSC) warned that as tensions between Washington and Beijing grow, China is seeking to “exploit U.S. subnational relationships to influence U.S. policies and advance PRC geopolitical interests.” 

The NCSC warned that Chinese influence operations in the U.S. are to expand support for PRC interests among state and local leaders and to use those relationships to “pressure Washington for policies friendlier to Beijing.”

“The PRC understands U.S. state and local leaders enjoy a degree of independence from Washington and may seek to use them as proxies to advocate for national U.S. policies Beijing desires, including improved U.S. economic cooperation with China and reduced U.S. criticism of China’s policies towards Taiwan, Tibetans, Uyghurs, pro-democracy activists and more,” the NCSC explained.

The intelligence community explained that PRC foreign influence activities can be “overt,” such as public diplomacy, where the role of the PRC government is “open and unobscured,” according to the NCSC. But those activities can also be “covert,” where the PRC’s role is hidden. The activities can also be “coercive or even criminal in nature.” 

Top Biden administration intelligence officials have been sounding the alarm on the threat China poses for months.

In March, the intelligence community annual threat assessment warned that China is increasingly a “near-peer competitor, challenging the United States in multiple arenas – especially economically, militarily and technologically – and is pushing to change global norms and potentially threatening its neighbors.”

And in April, CIA Director William Burns issued a similar warning to Wray’s – also noting that China has been “a silent partner” in Russian President Vladimir Putin’s aggression in Ukraine.

Burns, at the time, said China is “in many ways, the most profound tests the CIA has ever faced,” calling China a “formidable competitor lacking in neither ambition nor capability.”

(RepublicanWire.org) – Sen. Tim Scott (R-SC) criticized Treasury Secretary Janet Yellen for testifying that abortion benefits the economy.

The Senate Banking Committee met on Tuesday, where Yellen made a questionable remark that provoked the reaction from Scott. Yellen was commenting on the 1973 Roe v. Wade decision that is now expected to be struck down by the Supreme Court, saying the ruling legalizing abortion nationwide boosted women’s workforce participation.

“Just for clarity’s sake, did you say that ending the life of a child is good for the labor force participation rate?” Scott asked.

Scott stated, that while people can disagree on the issue of abortion rights, framing it in the perspective of labor force participation and economic considerations “just feels callused” and “harsh.”

Yellen replied by saying she didn’t mean to be harsh when discussing the effects of abortion on the economic system but said she was discussing the ability of women to regulate their “reproductive situation” in ways that enable them to plan their lives and seek fulfillment.

“And one aspect of a satisfying life is being able to feel that you have the financial resources to raise a child, that the children you bring into the world are wanted, and that you have the ability to take care of them,” she said.

Yellen pointed out that many abortions are obtained by teenagers, low-income women, and minorities.

“This is not harsh. This is the truth,” she told lawmakers.

Scott responded, “as a guy raised by a black woman in abject poverty,” he is thankful to be sitting at the hearing as a senator. He characterized Yellen’s remarks about abortion as “unusually piercing.”

The comments that brought about the exchange between Yellen and Scott came after Sen. Bob Menendez (D-NJ) asked the treasury secretary about the economic effects of a decision reversing Roe.

She said eliminating abortion rights would have “very damaging effects on the economy and would set women back decades.”

Yellen said Roe v. Wade helped lead to increased labor-force participation, allowed many women to complete their education, and increased their earning potential.

“Research also shows that it had a favorable impact on the well-being and earnings of children,” she said. “There are many research studies that have been done over the years looking at the economic impacts of access, or lack thereof, to abortion, and it makes clear that denying women access to abortion increases their odds of living in poverty or need for public assistance.”

Yellen’s testimony was met with criticism on Twitter.

(RepublicanWire.org) – In no surprise to conservatives, the GOP-led state of Florida outperformed Democrat-controlled California and New York when it came to their coronavirus responses, according to a comprehensive new study.

The conclusions vindicate the leadership of Florida Gov. Ron DeSantis, who was relentlessly vilified by Democrats and their corporate media allies over his pragmatic, science-based management of the pandemic.

In its 20-page report, the Committee to Unleash Prosperity said the states that followed the most draconian COVID-19 policies, such as closing schools and shutting down businesses. These states lagged behind states such as Florida that followed a commonsensical approach to the pandemic.

The study was authored by Wall Street Journal writer Stephen Moore, University of Chicago economist Casey Mulligan and free-market policy analyst Phil Kerpen.

The research compared COVID-19 outcomes in all U.S. states based on three major variables: health outcomes, economic performance throughout the pandemic and impact on education.

According to the study, the outcomes in New York, New Jersey and California “were among the worst” in all three categories: mortality, economy and schooling.

In contrast, the best outcomes occurred in Utah, Nebraska, Vermont, Montana, South Dakota and Florida. All six states are led by Republican governors.

As a reminder, New York Gov. Andrew Cuomo resigned in disgrace in August 2021 amid reports that he had ordered coronavirus patients to be admitted into nursing homes, resulting in the deaths of thousands of senior citizens.

Similarly, California Gov. Gavin Newsom came under fire for closing beaches and playgrounds in contravention of scientific studies showing that outdoor coronavirus transmission was negligible.

Newsom was also caught several times defying his own oppressive mask mandates.

This study proves that the policies of the left were an epic and utter failure.

(RepublicanWire.org) – Even in this current flood of propaganda and misinformation from the corporate media, far-left CBS News already scapegoating the “Ukraine crisis” for Joe Biden’s mishandling of the domestic economy is a real doozy.

“The U.S. economy has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis,” reads the CBS News tweet.

Democrats sure got it good.

The story itself is even more ludicrous:

Although many Americans may prefer that the U.S. stay out of the conflict between Russia and Ukraine, the brewing violence and political fallout are already hurting their wallets. Gasoline prices, which have hit eight-year highs — could surge even further if the hostilities escalate or if U.S. lawmakers pass another round of sanctions.

Where has CBS News been for the last 11 months?

Well, I guess it’s difficult to acknowledge reality with your nose stuck in Joe Biden’s ass.

First off, the idea that a weeks-old conflict has already rippled into our “wallets” is laughable. Other than the news-addicted stock market, we’re still a ways away from that.

Yes, Biden’s epic mismanagement of Ukraine will, of course, eventually hit us all. No question about that. But even then, Biden will still deserve the blame. The “Ukraine crisis” might not have happened had Biden not abandoned Afghanistan, abandoned America’s energy independence, killed the Keystone Pipeline, and approved Nord Stream 2. And even if the Ukraine crisis did still happen, America would not be so vulnerable to the fallout had we remained energy independent.

The bottom line, though, is that our exploding gas prices, record inflation, and supply chain snarls were already bad and getting worse long before Ukraine became an issue.

Secondly, what CBS News did here is precisely why Democrats and the corporate media are so desperate to juice up a regional conflict into a Word War.

Working together, the Democrats and the media intend to gaslight midterm voters into believing all of our economic problems are Vladimir Putin’s fault and, by extension, the fault of former President Trump — because, you know, Trump is a Russian puppet or something.

This laughably desperate ploy (which will not work) is already playing out all over the media. And the fake media will continue to read this misinformation as the economy worsens — as gas prices, supply chain issues, and inflation worsen.

Biden, right now, is loving this so-called crisis. It distracts from his failures as president, allows him to pose as commander-in-chief, and will give him a scapegoat for his disastrous handling of the economy.

Like I said, it won’t work. It won’t help Democrats or Biden in the upcoming midterms. But at least Democrats and the media have a talking point now. It might be a lousy talking point, a total lie, but it’s better than having no talking point.