Trump promised to cut our energy bills in half by now, but natural gas and electricity have never cost more

 

He'll drink to that

 

 Todd Blanche says he has ‘full faith’ in Kash Patel as FBI director

Overall wholesale price inflation in June 2026 was still highly elevated at 5.5% yoy, May revised down to 6% from 6.5%

 CNBC found some guy to say producers won't raise prices on consumers "as much" lol.

 

Core wholesale inflation in June 2026 at 4.7% yoy is still high and rising, May revised down to 4.6% from 4.9%

 

The Detroit News has Stevens over El-Sayed by seven after endorsement by retiring Senator Gary Peters

 

Mayor Pete Buttigieg is still peddling his radical proposal from 2019 to abolish the Electoral College

2026: Pete Buttigieg Calls to Abolish the Electoral College in Iowa Speech 

2019: Buttigieg doubles down on scrapping Electoral College: ‘It’s undemocratic’

 

Middle East tanker transits July 7-13, 2026 fall sharply to 6 per day in the Strait of Hormuz

SoH: 6.0/day

SoH E: 3.4/day

SoH W: 2.6/day

 

BAM: 16.7/day

BAM SE: 7.9/day

BAM NW: 8.9/day 

New Fed Chair Kevin Warsh says the Fed has no tolerance for high inflation, except for 82% of the time since 1965 when it's been above 2%

The Fed has met its goal of keeping inflation below 2% in only eleven of the last sixty years, which I'm sure was just an accident.

 

Can't really call it just a cohencidence, now can we?

MI Senate Candidate's Father-in-Law Is Top Leader of Muslim Brotherhood Org...

Foreign born population, which includes America's ~11 million illegal aliens, is HIGHER by 666k in 1H2026 than when Trump was elected in 2024, despite spending tens of billions of dollars for deportations

 

They are good at murdering people though.

 

ICE suspends murdering people in their cars, still not wearing body cameras despite receiving $75 billion in July 2025, $39 billion last month, and $15 billion in normal appropriations in 2025-2026

Fixed it for ya. 

 ICE suspends vehicle stops for U.S. immigration enforcement, Reuters sources say

... Maine Senator Angus King, an independent who caucuses with Democrats, told reporters that the agents involved were not wearing body cameras, leaving questions unanswered about the circumstances surrounding the shooting. ...

The bastards in the Trump administration slow-walk compliance with oversight no different than Obama did. The issues change, but the behavior of the executive remains the same. 

He was the Trump-a-TOLLah from 10am Monday until 11am Tuesday

Went over like a lead balloon, as we used to say.

 

 

CPI energy inflation averaged 1.2% under Trump I lolol, but 15.7% in June 2026, 19.0% in 2Q2026, and 11.7% in 1H2026

 Why did the squirrel cross the road?

 

June 2026

2Q2026

1H2026

 

CPI food inflation under Trump I averaged 1.89%, but the 3.09% rate in 2Q2026 is more than 63% higher

 

2Q2026

All items inflation in 2Q2026 was 3.86%, which is elevated a whopping 103.2% above the annual average 1.90% of Trump's first term

2Q2026

 

The core cpi inflation rate in June 2026 was elevated 32% over Trump's average rate in his first term

Core cpi inflation in June 2026 fell to 2.59% year over year, but rose to 2.73% for the second quarter. 

For the first half of 2026 core cpi inflation fell to 2.62%.

The measure averaged 1.96% annually in Trump's first term.

 

June 2026

2Q2026

1H2026

 

Fed Chair Kevin Warsh, whose wealth is his wife's, peddles the myth that the Fed is in control

This country eats, drinks, and sleeps inflation in the post-war . . . at 3.4% since 1948.

It's the cover for the haves to rob the have-nots. The Fed's job is to keep it going, just at a lower level than the 4.4% of the last six years, while telling you that they work for you when they actually work for the banks and the corporations.

From 1871 to 1948 the inflation rate was 0.8%, for most of which time we had sound money . . . until they confiscated it in 1934.

The only true words below are "We don't know". 

 

 Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom

... "if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past."

... "While monthly price fluctuations are inevitable — especially in an unsettled world — underlying inflation over longer time horizons is determined largely by monetary policy," he said. 

... "We don’t know the extent to which the economy will benefit from the AI buildout," he added. "Yet it seems inevitable that what is now called ‘AI investment’ will soon be called just ‘investment.’"

Warsh previously has said he expects an AI productivity boom will prove disinflationary — a premise challenged by some economists as well as his fellow Fed policymakers. ...                          

 

Gee, I hope it's not this disinflationary:

 

 

The whole world is laughing at Trump's stupid Strait of Hormuz toll proposal, especially Iran

A 20% charge on a fully loaded VLCC is $30 million. Iran is widely believed to be charging less than 2%.

Trump is a buffoon.

 

Global shipping industry sounds the alarm over Trump’s Hormuz toll plan 

... Shipping giant Hapag-Lloyd has said it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge. 

“Tolls for infrastructure such as the Suez Canal or Panama Canal are different, because they reflect major infrastructure investments,” the firm said in a statement. “That is not the case in the Strait of Hormuz.” ...

Trump accepted his new airplane Qatar Farce One from these pukes

 

So Trump isn't really worried about a global recession triggered by high energy prices after all

 Brent oil jumps more than 9%, biggest daily gain since 2020, after Trump reinstates Iran blockade

... Brent crude futures advanced 9.6% to close at $83.30 per barrel. It was the international benchmark’s best daily performance since May 2020. West Texas Intermediate futures gained 9.4% to settle at $78.14. ...