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Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Friday, March 24, 2023

Biden administration causes the problems they claim to be trying to solve

 


The charade continues.  As usual, Sundance at Conservative Treehouse sums it up so even non-financial wonks can follow:

At a certain point in the economics of the great pretending cycle, one must wonder what circles they live in.

Fed Chair Jerome Powell announced another quarter-point interest rate hike and simultaneously noted the banking crisis will likely lead to tighter credit and borrowing for businesses on Main Street…. thereby further reducing the U.S. economic output.  Yet here we are again, and not a single economic or financial pundit is even talking about the origin of the inflation the Fed action is pretending to address, the spike in energy prices.

At the core of the Biden policy issue that creates inflation, is the energy policy that has driven oil, gas, home heating, electricity and manufacturing/farming costs through the roof.  The blocking of energy resource development/production is the top issue leading to massive increases in consumer prices overall.  The Biden energy policy is entirely ignored by a federal reserve attempting to shrink inflation.

Follow the bouncing ball of consequence.

Biden restricts energy development [Main St Suffers].  Prices skyrocket [Main St Suffers]. The fed raises interest rates in an effort to reduce the economic activity to meet the lowered production of energy resource development [Main St Suffers].  The result of the interest rate hike creates liquidity issues for banks holding treasury securities [Main St Suffers].  The banks then reduce credit lines, reduce lending and tighten borrowing to match their lowered liquidity [Main St Suffers].

The Fed then notes further increases in rates may pause as they await the outcome of restricted banking credit and lending from the rate hikes previously installed.  Nowhere in any of this is anyone talking about the nucleus of the issue – the stupid energy policy.  The great pretending continues in the West, while smiling panda lunches with Vladimir Putin. . . .

Read the rest here.

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Sunday, September 25, 2016

Yet another continuing funding resolution

art credit: quotesgram.com

The Uniparty is poised to strike again. 


[Sen. Mitch] McConnell urges passage of 'bi-partisan' funding resolution. 

With less than 6 days to go before the government runs out of money, Congress will vote this week on a stop gap measure that would fund the government through December.

What is not in the Continuing Resolution [CR] is far more significant than what it contains. Not included are any controversial policy riders. Funding the battle [against] the Zika virus is included, but at reduced levels.
 . . .
The fact that the CR funds the government at levels agreed upon last year is irrelevant. Those levels are unacceptable because they add tens of billions to the deficit. The military is upset because the reduced funding agreed to will hamper operations and readiness. 

About the only people who are truly happy with this CR are the bureaucrats who will once again be able to expand their power through additional funding.

If this is "bi-partisanship," give me gridlock every day.

Amen to that. Read the rest here, including extracts from Sen. Mitch McConnell’s statement.

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Wednesday, November 19, 2014

Melt the phones to stop amnesty


Art credit: mycars.guru


Just in from Tea Party Patriots:

President Obama is expected to grant executive amnesty this week via executive order. Our last chance to stop it is to urge Congress to not allow one dime of money to be spent implementing the executive order.
Congress is expected to pass an omnibus bill sometime before December 12th that would finalize spending until the end of this fiscal year (September 30, 2015). While we would prefer not to have an omnibus bill, we realize this may be our only opportunity to stop the President’s executive amnesty.
Rep. Matt Salmon has started an effort in the House to push the appropriations committee to not include funding for executive amnesty in the spending bill. WE NEED YOUR HELP!
1.   Use the information here to contact Congress. Use the Twitter icon to automatically tweet them and the email button to email their staff. Call, tweet, and email!
2.   Contact all of those listed here with a red “x” and ask them to support Matt Salmon’s efforts to stop executive amnesty. Get them to commit to not supporting a spending bill if it funds the President’s executive action.
3.   Contact all of those listed here with a green check mark and thank them for being willing to fight this. Tell them to stay strong and they’ll continue to get our support.

Ohio Representatives who have not yet committed to stopping Amnesty are (click on each name to send an email):
Steve Chabot (OH-1)    202-225-2216
Michael Turner (OH-10)     202-225-6465
Patrick Tiberi (OH-12)     202-225-5355
David Joyce (OH-14)     202-225-5731
Steve Stivers (OH-15)     202-225-2015
James Renacci (OH-16)     202-225-3876
Jim Jordan (OH-4)     202-225-2676
Robert Latta (OH-5)     202-225-6405
Bill Johnson (OH-6)     202-225-5705
John Boehner (OH-8)     202-225-6205


Melt the phones!

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