Xi Jinping orders halt to mass killings, news about which Chicoms find increasingly difficult to censor despite police state conditions

 

The attacks, where drivers mow down people on foot or knife-wielding assailants stab multiple victims, are not new in China. But the latest surge drew attention. ...

In November alone, three took place: A man struck people at an elementary school in Hunan province, wounding 30, after suffering investment losses. A student who failed his examination stabbed and killed eight at a vocational school in the city of Yixing. The most victims, 35 people, resulted from a man mowing down a crowd in the southern city of Zhuhai, supposedly upset over his divorce. ...

In eastern Anhui province, a ruling Communist Party leader ... said they must “thoroughly and meticulously investigate and resolve conflicts and disputes,” including in families, marriages and neighborhoods. ...

The Ministry of Justice promised to curtail conflicts by looking into squabbles over inheritance, housing, land and unpaid wages.

Ha ha ha, good luck with that.

More.

Disgusting: No matter how you cut it, core cpi inflation is up in October

 Seasonally adjusted core cpi inflation is trending higher since July, and ticked up from 3.25% year over year in September to 3.30% in October.

Not seasonally adjusted inflation is up to 3.33% in October from 3.31% in September, also trending higher since July.

And yet Jerome Powell keeps cutting the Fed Funds Rate, 50 basis points in September and another 25 basis points last week. 10Y yield minus 2Y has been showing its displeasure ever since, reversing its healthy trend. So has the 30Y mortgage.

Congress continues to spend like drunken sailors, and Powell has joined them with loose monetary policy now after not tight enough policy EVER.

The whole thing is DISGUSTING. And the election changes NOTHING.

 

Joe Biden's National Security Adviser Jake Sullivan is married to this woman, Maggie Goodlander, who is running for the US House in New Hampshire District 2, except she doesn't really live in it

Goodlander's home is currently out of district in Portsmouth and she is worth a lot of money, with median estimated assets of $24 million.

She's renting an apartment in the congressional district in Nashua in order to qualify to run and is being called a carpetbagger. She was born and raised in Nashua, however.

The Republican has median estimated assets of $6.3 million and isn't exactly a native of the district. She has resided in the district since sometime after 2016 when she ran for US Senate from Colorado as a Libertarian Party candidate.

She really lets Goodlander have it, though, for pretending to understand the problems of middle class people, and of using her wealth to take an apartment away from somebody poorer and more deserving during a period when housing is very unaffordable just so she can run for this seat.

She has a point.

Meanwhile Goodlander is a dyed in the wool progressive with deep connections to people like Merrick Garland and Stephen Breyer, and of course Jake.

Here.

Gallup poll not good for the incumbents Biden-Harris: Economy ranked most important as in 2008 when the voters dumped the incumbent Republicans represented by John McCain

WASHINGTON, D.C. -- The economy ranks as the most important of 22 issues that U.S. registered voters say will influence their choice for president. It is the only issue on which a majority of voters, 52%, say the candidates’ positions on it are an “extremely important” influence on their vote. Another 38% of voters rate the economy as “very important,” which means the issue could be a significant factor to nine in 10 voters. ...

The current 52% of voters rating the economy as an “extremely important” influence on their vote for president is the highest since October 2008 during the Great Recession, when 55% of voters said the same.

More. 

It's not 2008, obviously, where everyone feared a catastrophe with banks failing left and right, homes going into foreclosure, and stocks tanking, but the perception of the economy as lousy today because of high inflation is remarkably high as it was in 2008 as indicated by this poll.

Everyone forgets that the vast majority of the job losses came after Obama was elected in 2008, not before, which took a record number of years to recover, setting the stage for Donald Trump. And pandemic fear drove the election cycle in 2020 and not the economy because of the gargantuan bailouts of the people.

Kicker:

Voters view Donald Trump as better able than Kamala Harris to handle the economy, 54% versus 45%.

Well, that didn't last long lol: 30-year mortgage ticks up from 6.08 to 6.12

 

A year ago Axios blamed the migrant surge for making the US housing crisis worse, now that Vance agrees omg

 

ThE fEd RaTe CuT wAsN't PoLiTiCaL aT aLl

 

Stocks and gold soar, long end UST yields RISE, federal judge orders student loan forgiveness plan to remain blocked, house prices set record in August and sales drop

And . . .

Median household income bought 21.5% of a house in 2019 under Trump vs. less than 19% of one in 2023 under Biden-Harris

 

Did you notice how not one word was said in last night's Trump-Harris debate about Kamala Harris' price controls proposal to combat inflation?

ABC's debate moderators made sure NOT to go there, no sir. And they completely avoided making Harris defend her inflation record as Biden's VP and instead joined the attack on Trump, fact-checking him multiple times but not her. Trump had to debate three people.

It was a disgraceful spectacle which he should have known better than to join.

At least Trump called her a Marxist at one point, that was good.

Harris for her part continued to push for the gimmicks which WaPo previously called out: $25k down-payment assistance which will only increase housing prices by $25k; $50k tax credits for starting a business, which is notably a lot more than for the everyday folks Democrats say they care about most (how many of those will later declare bankruptcy and pocket the cash?); $6k child tax credit, an idea stolen from J. D. Vance and bid-up just like student-loan forgiveness in order to buy votes.

It's all just marginal stuff which treats the symptoms and not the causes.

She is not a serious candidate.

 

Can you spot the year when your home became just another commodity?

 

https://en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

Inflation is over, gold hits new high lol

 CNN: The war on inflation has been won. It’s OK if you’re still angry

The headline inflation reading falling below 3% for the first time since 2021 is incredible.

 

CNBC: Gold rallies to record high on softer dollar, rate-cut expectations

Spot gold was up 1.5% to $2,493.66 per ounce after hitting a record high of $2,500.99 earlier. U.S. gold futures rose 1.6% to $2,532.10. Bullion has risen 2.6% this week.

 

Another salvo at Kamala Harris: WaPo editorial board calls her anti-big business proposals populist gimmicks, says her first-time home buyer $25,000 down-payment plan will increase housing prices

 

 The whole thing makes sense, which is surprising coming as it does from The Washington Post, which ends this way:

 [Even] her [good] ideas would cost money, yet she insisted in her speech that she would hold to President Joe Biden’s pledge not to raise taxes on any household earning $400,000 or less annually. That excludes 80 percent of taxable income, and does not take into account the recent surge in families earning over $400,000. The Harris campaign says it plans to raise revenue to cover these costs but did not provide specific offsets in its economic plan rollout. Without them, Ms. Harris’s full plan would add $1.7 trillion to federal deficits over a decade, according to the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog.

To be sure, every campaign makes expensive promises that will never come to pass, especially with a divided Congress. Remember Mr. Biden’s pledge to make community college free? Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.

Wow.

What's that old saying, When you're a liberal and you've lost The Washington Post, you've already lost?

Well ......................................................................................... is the Democrat Party still liberal though?

Oh man, this is great

Harris & Walz Offer Antidote to Trump’s American Carnage

Stephen Collinson, CNN

 

Meet the antidote:

 

Kamala Harris has made her choice for VP, the Minnesota governor who let Minneapolis burn to the ground in 2020

 

Kim Strassel: the GOP needs to be engaged in a whole-of-election message reminding Americans of the ugly Biden policies of past and present, and Kamala’s promise to carry them into the future

 The libertarian-inclined in the GOP want the message restricted more or less to the economy, inflation, immigration, and crime.

Biden: Forgotten But Not Gone

Kimberley Strassel, Wall Street Journal

 

Strassel points out Biden is continuing or proposing the following to help cement support for Harris on the left:

Student loan giveaways

Nationwide rent controls

A plea deal for the 9/11 terrorists

$2.2 billion for farmers, ranchers, and owners of forest land who experienced discrimination

Million$ in new grants for women's health, state climate programs, tribal fisheries, youth skills programs

Signage everywhere thanking Biden's infrastructure law for road improvements

New rules protecting workers from heat

New prevailing wage rules for clean energy workers

New chemical and air toxin crackdowns

New regulations for wildlife refuges

New regulations on offshore drilling

Higher efficiency standards for commercial equipment and residential boilers

A crackdown on so-called junk fees for extras like family-seating on flights.

 

Polling has shown inflation and illegal immigration have been the top issues, which of course doesn't mean other things can't be issues.

 

Strassel doesn't seem to get that the green energy war on fossils fuels is the top problem for the economy, driving up the cost of everything, while the massive illegal immigration feeds competition for the housing no one can afford anyway, not to mention crime up and wages down for the bottom half of the country. 

 

And of course, the Trump tax reform disappears if Harris is elected, among other horribles. 

Commie Broadcasting System wants you to know Kamala Harris herself never gave any money to bail out 2020 rioters, looters, and arsonists, even though she promoted giving donations for just that purpose

 

https://tcbmag.com/riots-destroy-30m-affordable-housing-project/

Kamala Harris wants to build the middle class by throwing $3,000 rent-subsidies at people instead of making this an economy which provides full-time jobs at potential

 Building the middle class may be a ‘defining goal’ under a Harris presidency — how that may shape a key tax credit

53% working full time today would mean 8 million more people working full time than do. 

Full time jobs are the indispensable key to homeownership.

 

53% worked full time in 2000

49% worked full time in 2024

The rarely uttered but all-important truth: Energy prices lie at the root of all price pressures

Energy-heavy transportation and warehousing operations saw prices fall in the early and final purchasing stages of their business, PPI data showed. That indicates that supply-side pressures are easing, Kurt Rankin, senior economist with PNC Financial Services, wrote Thursday.

“The downward-trending energy PPI pace, which lies at the root of all price pressures in the US economy, implies that the second half of 2024 will see diminishing cost pressures from producers’ own energy bills, as well as the cost of shipping goods to retailers,” Rankin wrote. 

The final two paragraphs, here.

Don't be fooled. High energy prices remain the main drag on the economy.

A presidential administration biased against fossil fuels, which still accounted for 81% of primary energy production in the US in 2022, is shooting itself in the foot when trying to fight inflation and explains the persistence of the problem which most elites predicted would only be transitory.

Gasoline prices remain Obama-like, not Trump-like in the first half of 2024

Natural gas prices remain highly elevated in the first half of 2024 and ticked up again

Electricity in the US has never cost more than under the recent, lunatic Biden administration

 

 

You can vote for the Party of Anti-Semitism, Child-Mutilation, Abortion, War, Illegal Immigration, the End of Women's Sports, Unaffordable Energy and Housing, and Inflation, or you can vote for Orange Man Bad