Holy cow, Republican candidate for Michigan State Senate says inflation is a good thing

 If there is a bigger nincompoop running for office this year, I don't know it.

Seen here:

 

 

 

 

 

 

 

He reminds me of the ding dongs who signed Mark Dice's inflation petition back in 2009:

 

 

The idea that Trump is going to get personnel right in a second term, and on a massive scale, is just preposterous

 Axios reports, in laborious detail, here.

The grifters are lining up from sea to shining sea, including Demented Jim, and Trump retreads Stephen Miller, Mark Meadows, and Michael Rigas who didn't get it right the first time.

Who the hell wants to go to work for just four years for a lame duck?

These people think we are fools.

Michigan's Republican US House members Jack Bergman, Peter Meijer, and Fred Upton vote to turn on immigration magnet, give citizenship to the adult children of H-1B visa holders, the 1.5 million foreigners who already take jobs from Americans

The Roll Call vote is here.

The story is here.

AmodeiRepublicanNevadaYEA

BairdRepublicanIndianaYEA

BaldersonRepublicanOhioYEA

BarrRepublicanKentuckyYEA

BergmanRepublicanMichiganYEA

BradyRepublicanTexasYEA

BucshonRepublicanIndianaYEA

CammackRepublicanFloridaYEA

Carter (TX)RepublicanTexasYEA

CawthornRepublicanNorth CarolinaYEA

CheneyRepublicanWyomingYEA

ColeRepublicanOklahomaYEA

Davis, RodneyRepublicanIllinoisYEA

Diaz-BalartRepublicanFloridaYEA

DunnRepublicanFloridaYEA

EmmerRepublicanMinnesotaYEA

FallonRepublicanTexasYEA

FitzpatrickRepublicanPennsylvaniaYEA

FloresRepublicanTexasYEA

FoxxRepublicanNorth CarolinaYEA

Garcia (CA)RepublicanCaliforniaYEA

GibbsRepublicanOhioYEA

GimenezRepublicanFloridaYEA

Gonzales, TonyRepublicanTexasYEA

Gonzalez (OH)RepublicanOhioYEA

Gooden (TX)RepublicanTexasYEA

GrangerRepublicanTexasYEA

Graves (LA)RepublicanLouisianaYEA

GuthrieRepublicanKentuckyYEA

Herrera BeutlerRepublicanWashingtonYEA

IssaRepublicanCaliforniaYEA

Jacobs (NY)RepublicanNew YorkYEA

Johnson (OH)RepublicanOhioYEA

Joyce (OH)RepublicanOhioYEA

KatkoRepublicanNew YorkYEA

KellerRepublicanPennsylvaniaYEA

Kim (CA)RepublicanCaliforniaYEA

KinzingerRepublicanIllinoisYEA

LongRepublicanMissouriYEA

MaceRepublicanSouth CarolinaYEA

MalliotakisRepublicanNew YorkYEA

McCaulRepublicanTexasYEA

McHenryRepublicanNorth CarolinaYEA

MeijerRepublicanMichiganYEA

Miller-MeeksRepublicanIowaYEA

Moore (AL)RepublicanAlabamaYEA

NewhouseRepublicanWashingtonYEA

ReschenthalerRepublicanPennsylvaniaYEA

Rice (SC)RepublicanSouth CarolinaYEA

Rogers (AL)RepublicanAlabamaYEA

RouzerRepublicanNorth CarolinaYEA

SalazarRepublicanFloridaYEA

SimpsonRepublicanIdahoYEA

SteelRepublicanCaliforniaYEA

TaylorRepublicanTexasYEA

TenneyRepublicanNew YorkYEA

Thompson (PA)RepublicanPennsylvaniaYEA

TurnerRepublicanOhioYEA

UptonRepublicanMichiganYEA

ValadaoRepublicanCaliforniaYEA

WagnerRepublicanMissouriYEA

Wilson (SC)RepublicanSouth CarolinaYEA

LOL, after one month the Fed has reduced its balance sheet by a whopping 0.37%, only $8.899 trillion to go!

 

 

 

At this rate it will take only 22 more years and Jerome Powell will be 91.

Land of the sooty, home of the knave

 In those countries that pretend to freedom, princes are subject to those laws which their people have chosen.

-- Jonathan Swift

We live in a pretend world where everyone is pissing down our backs while telling us it's raining

Men pretend to be women.

Doctors pretend jabs stop spread of disease.

Know nothings pretend masks don't work because mandates don't.

Bankers pretend low interest rates will bring down high inflation rates.

Politicians pretend they had nothing to do with causing inflation.

Scientists pretend the world has never been hotter and we're all going to die if we don't do something.

Policy makers pretend the future is electric while shutting down power plants.

Women pretend their fetuses aren't alive.

Catholics pretend the pope is infallible.

Muslims pretend Muhammad was illiterate.

Jews pretend to be chosen above all the races of the earth.

The Chicoms pretend they're not committing genocide in Xinjiang.

The Russkies pretend Ukraine had it coming.

White people pretend to be anything but white.

Americans pretend we're all good and everything is awesome.

 

 

 

 

Wow, the fierce inflation fighters of the European Central Bank have raised their key interest rate to 0%!

The ECB, the central bank of the 19 nations that share the euro currency, surprised markets by pushing its benchmark rate up by 50 basis points, bringing its deposit rate to zero. Traders had expected a smaller hike of 25 basis points. ... The ECB had previously signaled it would be increasing rates in July and September as consumer prices keep surging, but it was unclear whether it would go as far as bringing rates back to zero.    lololololol

More.

Where will the shocking inflation-fighting developments end?!

Like almost every other public official who has come down with COVID-19 this year, who are now too numerous to list, Joe Biden was fully vaxxed and boosted twice

 

Joe is taking Paxlovid even though the new drug has been shown to work best on older individuals who have not been vaccinated at all.

Before Joe Biden came down with COVID-19, he was at Brayton Point Power Station in Massachusetts, where 1530 MW of electricity used to be produced from cheap, plentiful coal

 Torn down starting in 2019, the former coal power plant will become a hub for just 804 MW of offshore wind energy, 52% of what used to come from that location.

Biden was accompanied by the usual suspects.

More.

It doesn't matter that China has been selling US Treasury securities, world appetite for US denominated debt inexorably rises year after year

 Beijing Dumps $100 Billion Worth Of Treasuries... ^

How is it that the National Weather Service at Grand Rapids, Michigan, station KGRR, can't get the high or the low temperature right for July 19, 2022?

 The three day history for KGRR shows that the high on the 19th was 88 degrees F at numerous points throughout the afternoon and evening, and that the low was 71 degrees F early in the morning, but if you look at the daily data for a month it says the high was 90 degrees F and the low was . . . 49 degrees F.

The mean minimum for July going back to 1892 is 49 degrees F, so that explains that error. Some idiot transcribed that value instead of the actual value. So far this month, the lowest minimum was 52 degrees F.

Can't explain the 2 degree F discrepancy for the high, though. You would think that there would be room for a spike up to 90 during an hour interval by the presence of at least one 89 value at some regular hourly interval, but there isn't one.

Is someone's fat finger on the scale over there?

It's a good reminder that the human element introduces error into the record, whether intentional or not, and that you can't believe everything you're told, even about the simplest of things.

By the way, I'm just four miles from the station as the crow flies, and we had a rain shower last night which doesn't show up in the three day history either.

I know, I know, aLl wEaThEr iS LoCaL. 

 

 

Nancy Pelosi knows nothing about her husband's purchase of Nvidia on June 17th

 

Paul Pelosi, an avid stock trader, was shown to have spent between $1 million and $5 million to purchase 20,000 shares of the semiconductor company Nvidia in late June, around the same time when he sold portions of his stocks in Apple and Visa. The disclosure raised questions about whether Paul Pelosi had knowledge of the pending legislation. 

More here and here.

Anyone invited into the Capitol by Capitol police on January 6th (there's video for crying out loud) but still prosecuted will rightly find this to be a double standard

 

In a statement, the U.S. Attorney’s Office for the District of Columbia said that after reviewing the evidence, it “cannot move forward with misdemeanor charges of unlawful entry against the nine individuals who were arrested on June 16, 2022 at the Longworth Office Building.”

The office confirmed that those individuals had been invited in by congressional staffers “and were never asked to leave by the staffers who invited them, though, members of the group had been told at various points by the U.S. Capitol Police that they were supposed to have an escort.”

More.

 

 

 

The price of Joe Biden's thoughts

 

 

 

 

LOL, nominal retail sales were up 7.7% year over year in Friday's report, but when adjusted for inflation were down 0.5% year over year

 Put another way, it went up because you're paying more for food and energy, not because you're letting the good times roll.

YOU ARE SPENDING MORE FOR FEWER THINGS:

Rising costs for food and gasoline in particular helped propel the increase.   

More.

This is why people are rightly optimistic about the future of the pandemic in America

 

LOL, on Tuesday July 12th Joe Biden told the president of Mexico in a meeting that America has the fastest growing economy in the world

 

Biden, once López Obrador finished, reminded him that America's economy is the fastest growing in the world, while showing no umbrage and restating his respect for Mexico and its leader.

More. 

 

Joe Biden's own US Bureau of Economic Analysis, June 29th, said GDP fell at an annual rate of 1.6% in 1Q2022:

Deaths per day from COVID-19 in the United States July 1-15, 2022: 383

 

June 2022: 363

May 2022: 373

Apr 2022: 426

Mar 2022: 980

Feb 2022: 2,247

Jan 2022: 1,987

Why is the Biden administration compromising with devils?

 

NASA, Russian space agency sign deal to share space station flights

 

Biden said he raised murder of Jamal Khashoggi with Saudi leaders after MBS fist bump

 

CNBC story blames capitalism's law of supply and demand for inflation: 92 million millennials caused it, not Federal Reserve interference with interest rates and mortgages

... too many people with too much money chasing too few goods ... millennials are still making up the largest chunk of the homebuyer market by generation ... 

More.

Meanwhile, this housing bubble dwarfs the last one, and we're supposed to blame millennials for it.

Sounds like a repeat of the excuse for the last one: greedy Baby Boomers.

Just forget about Zero Interest Rate Policy artificially driving down borrowing costs for over a decade, and forget about the crappy low-yielding $2.7 trillion in MBS still on the Fed Balance Sheet nobody wants, because millennials are to blame!

The chutzpah.