Archive for the ‘economy’ Category

One of the side effects of California’s insane move to ban the sale of gas powered cars in 13 years is coming into play in Massachusetts.

It seems that lawmakers in several states including mine which are controlled by the left that want to be as insane as California but still believe that to do so openly might lead to defeat passed laws that tie the decisions in their states to those of California.

So because of this Massachusetts now has a bad on the sale of gas powered cars ready to go into effect in 2035 without anyone in the state actually making such a decision.

This means two things.

First if you are the Mass GOP this is a golden opportunity. The state party should be recruiting in every city and town, they should be visiting every car dealership, every repair shop, every parts dealer and every gas station to mobilize and energize voters. They should be recruiting candidate in every district with the promise to repeal any such laws that ties decision about how people in the bay state live to the whims of officials 3000 miles away that they have never voted for.

The fact that I am suggesting this instead of hearing that the GOP is already doing this however suggests that the Massachusetts GOP is going to do its best to earn the old GOP nickname of “the stupid party”, but you never know.

There is however one other point to make about this situation.

California is a very big state 163,696 square miles and while it borders three states (Oregon to the north, Nevada to the west and Arizona to the southwest its a bit of a haul to get there unless you live right on the northern, western and southern border. So when these rule kicks in you’re going to have to grin and bear it (until things collapse that is but I digress).

However not only is Massachusetts less than 1/10 of the size of California 10,565 but it borders five states (New York, Rhode Island, Connecticut, Vermont and New Hampshire) and while some spots in the state are less than a half hour drive from mains every resident in Massachusetts has a shorter drive to Maine than most people California have to any other state.

This means that if our state is stupid enough to allow this idiocy to continue then car dealers in every New England State plus NY have a windfall coming.

I bought my 1999 Buick LeSabre in Londonderry NH, it was less than an hour’s drive from my house to get it. What do you think will happen when people have the choice of paying 40-50K for a car in their own city or driving two hours or less away to get a car for not only half that price but without the prospect of some day having to pay for a battery repair that costs more than a new car?

If I’m a car dealer in any of those border states I’m salivating at this idea, and if I’m a current dealer in MA I’m looking at buying land in Hollis, or Nashua or Salem or Ringe NH or Halifax or Sanford VT or Woonsocket RI or Stafford or Thompson Ct or maybe even Boston Corner, Stephentown or Austerlitz NY.

Because barring an outbreak of sanity in Massachusetts or an even more unlikely outbreak of sanity in California you’ve going to have a steady stream of business heading your way, so you might as well get ready now.

By John Ruberry

Outside of sheer incompetence, a theme has emerged from the Joe Biden administration. When they need help, the White House calls on people they deem to be experts. 

Here’s a dirty secret of politics, or if your prefer, of advancing a preferred narrative. Anyone can find an “expert,” more on them in a bit, to support any opinion. It works in journalism too, the media wing of the Democrat Party.

When the discovery of the Hunter Biden laptop was revealed by the New York Post nearly two years ago–the mainstream media, social media, and of course the Biden campaign immediately moved to denounce it. The casus belli for journalists, Facebook, Twitter, and the like–Biden brought this up in a presidential debate–was that its emergence three weeks before Election Day in 2020 had “all the classic earmarks of a Russian information operation,” according to 51 former national security experts, led by James Clapper, a director of National Intelligence under Barack Obama. Every one of these “experts” either lied, signed on to something they knew little about, or just simply wanted to do whatever it took to prevent the reelection of Donald J. Trump. 

Eighteen months later, the New York Times admitted Hunter’s laptop, which provided voluminous evidence of his influence peddling centered on his being the son of a powerful politician, was authentic. The 51 experts can expect subpoenas from the House Judiciary Committee next year, assuming the Republicans take control of the House. Every one of these “experts” should have their security clearances permanently revoked.

Biden of course won the election. As a result of his policies, such as cancelling the construction of the Keystone XL pipeline, blocking new permits for drilling on federal land, gasoline prices soared and remain high. Although the economy was well into recovery mode two years ago, Biden signed into law the unfunded American Rescue Plan. Many experts at the time claimed it would not fuel inflation. They were wrong. Just as those national security “experts” were wrong on Hunter’s laptop. 

When inflation began its ascent, the White House cited 15 Nobel laureates in economics who said that Biden’s Build Back Better bill, enacted in late 2021, would not fuel inflation. They were wrong too. Inflation is now at levels not seen since the early 1980s. Last year Biden and other “experts” were saying inflation was “transitory.” Liberals reading this post will blame inflation on the War in Ukraine, you know, “Putin’s price hike.” Sure, the war likely has an effect on inflation, but the scourge was with us before Russia’s invasion Ukraine. 

Build Back Better was originally part of a much larger bill, the green energy stuff was split off and later discarded after Sen. Joe Manchin (D-WV) said he wouldn’t support it. Well, Build Back Better Part Two is back, laughably renamed the Inflation Reduction Act. And to bolster its support, the Biden White House has–are you ready?–called on experts, this time, four former Democratic Treasury secretaries and one Republican, who claim, among other things, that the Inflation Reduction Act will “fight inflation” One of those ex-Treasury secretaries is Larry Summers, who warned last year the Biden White House, “We’re taking very substantial risks on the inflation side.” 

A good journalist would track down Summers and ask him specifics on why this bill really will fight inflation.

Earlier I mentioned that journalists have a role in advancing political narratives. For example, at Forbes, Rhett Buttle offers a slobbering French kiss of propaganda, which is accompanied by this headline, “Experts Agree: The Inflation Reduction Act Accomplishes A Lot For Small Business And Working Families.” While late in the piece Buttle manages to write about the bill, “some who represent select corporate interests in Washington don’t completely agree” with the hype. But if Buttle was truly a journalist, he would have tracked down opponents of the Inflation Reduction Act and presented a balanced article.

Then again, real journalism is dead. Twenty years ago such a piece as the one written by Buttle would contain the sub-headline, “news analysis,” assuming a magazine like Forbes would even publish it. I took some journalism classes at the University of Illinois. If I turned in such an article for an assignment, a professor would have deservedly given me an “F,” enhanced by this underlined comment written in red ink, “This garbage reads like a press release.”

But Biden’s new batch of experts have spoken: The Inflation Reduction Act, which the Senate will vote on Sunday afternoon, will “fight inflation.”

Watch your wallet. Watch the cash in it lose its value.

Disclosure: This blog post should be classified as “news analysis.”

UPDATE 5:15pm EDT: The Democrats’ Inflation Reduction Act passed the Senate.

John Ruberry regularly blogs at Marathon Pundit.

By John Ruberry

“The fliparoo theory of PolitiFact is now confirmed,” Dan Bongino said early in his July 28 podcast, “The fliparoo theory is this: If a fact-checker, airquotes, PolitiFact, says something is true it is probably false. If PolitiFact says something is false it’s probably true.”

Which means, of course, that we are now in a recession. PolitiFact, in a piece written by propagandist Louis Jacobson entitled, “No, the White House didn’t change the definition of ‘recession,'” he fact-checked a claim that originally came from an Instagram post. In seemingly 10,000 words, meant to overwhelm low-information voters, Jacobson ruled that statement false.

Jacobson is wrong, he’s gaslighting us. We are in a recession.

And Jacobson is not alone.

The Biden White House, led by the embarrassment of a press secretary, Karine Jean-Pierre, has been redefining “recession” for at least a week. For decades, the generally accepted definition of a recession has been two successive months of negative GDP growth. In the first quarter of 2022, the American economy shrank by 1.4 percent, and it contracted by 0.9 percent in the second quarter. These are facts. 

“However, the two-quarter threshold cited in the Instagram post has never been official,” Jacobson said in his so-called fact-check. “It’s more like a rough guide,” he continued, “one piece of a complicated puzzle.” Translation: the wise and oh-so-brilliant Jacobson is right, and you are a semi-literate yokel for accepting the commonly agreed upon description of a recession. 

In another overly long fact-check, Newsweek’s Tom Norton, another hack apologist, also ruled “false” the claim that the Biden White House is redefining what a recession is. “Furthermore, the White House website doesn’t have a dictionary or catalog of all political terminology and jargon it uses (that is the case for other governments, such as those of the UK and Canada, too),” Norton offered. 

Wow. I’m convinced. Not.

In Norton’s Newsweak–or is it Newspeak?— fact-check, Norton quotes Secretary of Treasury Janet Yellen, who, by the way, was wrong about inflation being “transitory,” that it is really up to a secretive private organization to determine a recession. Who knew? “There is an organization called the National Bureau of Economic Research that looks at a broad range of data in deciding whether or not there is a recession,” she revealed.

Another fact-check fabulist, the Washington Post’s Glenn Kessler, appears to be on vacation so he hasn’t weighed in on the leftist-induced recession debate. Three years ago, while fact-checking Donald Trump, Kessler wrote, “A recession is two quarters of negative economic growth.” But Joe Biden wasn’t president then.

Another prominent (along the lines of someone having an ugly prominent nose) fact-checker, USA Today, also hasn’t recently given its opinion on what a recession really is. Oh, what’s this? In a 2020 fact-check USA Today informed us, “A recession is generally defined as two consecutive quarters of declining GDP, or gross domestic product, a monetary measure of the market value of all the final goods and services produced during a specific time period.”

But on the other hand, Snopes is bowing to the Democrat Party mantra about recessions. Referring to a couple of social media messages, “The tweets quoted above may give readers the misleading impression that the Biden administration literally tried to revise the criteria economists use to determine when a recession has occurred. But that was not the case,” Bethania Palma chimes in for Snopes.

It is the case. Snopes is lying.

Here are some media talking heads talking not too long ago, based on who I see here and the chyrons, using the classical definition of a recession, in a montage compiled by the Media Research Center. You know the, you know the thing, as Biden likes to say, two consecutive quarters of declining GDP growth. C’mon man!

But, assuming briefly we are not in a recession when will we be in one? The Biden administration won’t say. Is it a recession when we have three successive quarters of declining growth? Four? Five-and-a-half?

Or will it be a recession only when there is a Republican president?

Dan Bongino is right. The fliparoo theory of “fact-checkers” is now confirmed. 

John Ruberry regularly blogs at Marathon Pundit.

Question: What is the one thing in common about the constant stream of bad economic news produced during the Biden Administration and the constant stream of good economic news produced during the Trump Administration?

#unexpectedlytm of course,