REUTERS
"Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants"
By Jarrett Renshaw and Nandita Bose
April 25, 2024
WASHINGTON, April 25 (Reuters) - U.S. President Joe Biden traveled to Syracuse, New York, on Thursday and announced a preliminary agreement with memory chip maker Micron Technology for up to $6.14 billion in subsidies for two chip factories.
The agreement signed by the U.S. Commerce Department will fund facilities in New York and Idaho under the 2022 CHIPS and Science Act, which aims to boost domestic manufacturing of chips and reduce reliance on supplies from China and Taiwan.
Biden said the United States used to have 40% of the chips market but over time production moved outside the country and the pandemic exposed weaknesses in the U.S. supply chain that hurt critical industries.
"I'm determined that I'm never going to let us be vulnerable to wait lines again, what is essential is we're going to make it here in America together," Biden said.
The Commerce Department said the federal grants would support the construction of a fabrication plant, or fab, in Clay, New York, a first step toward Micron's plans to invest about $100 billion in New York and create 13,500 jobs.
The grants also provide initial funding for a facility in Boise, Idaho, unlocking a planned $25 billion investment in a fab to be co-located with Micron's research and development facilities there and should create 6,500 jobs, Commerce said.
Micron's investment will be the "largest private investment in New York and Idaho's history," and will create over 70,000 jobs, including 20,000 direct construction and manufacturing jobs and tens of thousands of indirect jobs," the White House said.
Biden, who is running for re-election in November's presidential election, used his visit to Syracuse to tout his administration's efforts to revitalize U.S. manufacturing and strengthen national security.
"American manufacturing is back, new factories are going up all across the country, and communities like Syracuse are writing the great American comeback story," Biden said.
In the evening, the president will speak at a campaign event in Westchester County, New York.
Biden signed the $52.7 billion CHIPS bill in August 2022 to subsidize U.S. semiconductor production and research.
Semiconductors were invented in the United States, but domestic companies produce only about 10% of the world's chips and none of the most advanced ones.
The White House said Thursday's announcement also included at least $40 million in funds for training and workforce development, as well as creation of four more workforce hubs in upstate New York, Milwaukee, Philadelphia and Michigan.
Under the agreement, Micron committed to providing affordable high-quality childcare for its workers across its facilities.
The company also affirmed "workers' rights to organize, to share feedback without fear of reprisal, and to collectively bargain," the White House said.
Reporting by Jarrret Renshaw, Nandita Bose and Andrea Shalal; Editing by Tom Hogue and Diane Craft
https://www.reuters.com/technology/bide ... 024-04-25/
AMERICA'S FIGHTING BULLDOG JOE BIDEN
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
"Biden in Syracuse to celebrate Micron's $6.1 billion CHIPS grant - President's visit comes after two law enforcement officers were slain in a shootout in Salina, eight miles from Micron's campus"
By Larry Rulison, Albany, New York Times Union
April 25, 2024
ALBANY – President Joe Biden landed in Syracuse on Thursday to celebrate a $6.1 billion grant awarded to Micron Technology, the memory chipmaker that is building a $100 billion manufacturing campus in the town of Clay, just north of the city.
Biden was joined by Gov. Kathy Hochul and U.S. Senate Majority Leader Charles Schumer of New York at the Milton J. Rubenstein Museum of Science & Technology in Syracuse's Armory Square.
In addition to touting the Micron award, being awarded through the $52 billion CHIPS and Science Act, the president was planning to meet with the families of the two police officers killed in a shootout on April 14 in the town of Salina, about six miles north of where Biden was speaking.
Funerals for the two men, Lt. Michael Hoosock of the Onondaga County Sheriff's Department, and Syracuse police Officer Michael Jensen, were held last week.
Both departments and their members were still reeling from the tragedy.
As a result, State Troopers were tasked with providing security for the president's visit instead of local law enforcement, which criticized the White House for not rescheduling the trip.
The $6.1 billion grant Micron will receive is coming from the $52 billion CHIPS and Science Act, the chip industry subsidy program that was authored by Schumer and designed to revitalize the domestic chip sector in the face of China seeking to dominate the industry and its supply chain.
Micron's award, which also includes $7 billion in federal loans, is the third CHIPS grant to be announced for large manufacturers.
The Micron event in Syracuse comes a month after Schumer and Hochul celebrated a $1.5 billion CHIPS grant that was awarded to GlobalFoundries to assist the company's construction of a second factory at the site, which supplies chips to the military, automakers and telecommunications companies among other industries.
The grant would also go toward an expansion at GlobalFoundries' chip factory in Essex Junction, Vt. outside Burlington.
The $6.1 billion grant for Micron will be in addition to $7.5 billion in loans that the company can access.
The funding is not only for the Syracuse-area project but also a new fab, or factory, that Micron is planning in its home state of Idaho.
https://www.timesunion.com/business/art ... 0headlines
By Larry Rulison, Albany, New York Times Union
April 25, 2024
ALBANY – President Joe Biden landed in Syracuse on Thursday to celebrate a $6.1 billion grant awarded to Micron Technology, the memory chipmaker that is building a $100 billion manufacturing campus in the town of Clay, just north of the city.
Biden was joined by Gov. Kathy Hochul and U.S. Senate Majority Leader Charles Schumer of New York at the Milton J. Rubenstein Museum of Science & Technology in Syracuse's Armory Square.
In addition to touting the Micron award, being awarded through the $52 billion CHIPS and Science Act, the president was planning to meet with the families of the two police officers killed in a shootout on April 14 in the town of Salina, about six miles north of where Biden was speaking.
Funerals for the two men, Lt. Michael Hoosock of the Onondaga County Sheriff's Department, and Syracuse police Officer Michael Jensen, were held last week.
Both departments and their members were still reeling from the tragedy.
As a result, State Troopers were tasked with providing security for the president's visit instead of local law enforcement, which criticized the White House for not rescheduling the trip.
The $6.1 billion grant Micron will receive is coming from the $52 billion CHIPS and Science Act, the chip industry subsidy program that was authored by Schumer and designed to revitalize the domestic chip sector in the face of China seeking to dominate the industry and its supply chain.
Micron's award, which also includes $7 billion in federal loans, is the third CHIPS grant to be announced for large manufacturers.
The Micron event in Syracuse comes a month after Schumer and Hochul celebrated a $1.5 billion CHIPS grant that was awarded to GlobalFoundries to assist the company's construction of a second factory at the site, which supplies chips to the military, automakers and telecommunications companies among other industries.
The grant would also go toward an expansion at GlobalFoundries' chip factory in Essex Junction, Vt. outside Burlington.
The $6.1 billion grant for Micron will be in addition to $7.5 billion in loans that the company can access.
The funding is not only for the Syracuse-area project but also a new fab, or factory, that Micron is planning in its home state of Idaho.
https://www.timesunion.com/business/art ... 0headlines
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
CNBC
"Key Fed inflation measure rose 2.8% in March from a year ago, more than expected"
Jeff Cox @JEFF.COX.7528 @JEFFCOXCNBCCOM
PUBLISHED FRI, APR 26 2024
KEY POINTS
* The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected.
* Personal spending rose 0.8% on the month, more than the personal income increase of 0.5%.
* The personal saving rate fell to 3.2%, down 0.4 percentage points from February and 2 full percentage points from a year ago.
Inflation showed few signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.
The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday.
That was above the 2.7% estimate from the Dow Jones consensus.
Including food and energy, the all-items PCE price gauge increased 2.7%, compared with the 2.6% estimate.
On a monthly basis, both measures increased 0.3%, as expected and equaling the increase from February.
Markets showed little reaction to the data, with Wall Street poised to open higher.
Treasury yields fell, with the benchmark 10-year note at 4.67%, down about 0.4 percentage points on the session.
Futures traders grew slightly more optimistic about two potential rate cuts this year, raising the probability to 44%, according to the CME Group’s FedWatch gauge.
“Inflation reports released this morning were not as a hot as feared, but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term,” said George Mateyo, chief investment officer at Key Wealth.
“The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut.”
Consumers showed that they are still spending despite the elevated price levels.
Personal spending rose 0.8% on the month, a touch higher even than the 0.7% estimate though the same as February.
Personal income increased 0.5%, in line with expectations and higher than the 0.3% increase the previous month.
The personal saving rate fell to 3.2%, down 0.4 percentage points from February and 2 full percentage points from a year ago as households dipped into savings to keep spending afloat.
The report follows bad inflation news from Thursday and likely locks the Fed into holding the line on interest rates through at least the summer unless there is some substantial change in the data.
The Commerce Department reported Thursday that PCE in the first quarter accelerated at a 3.4% annualized rate while gross domestic product increased just 1.6%, well below Wall Street expectations.
With inflation still percolating two years after it began its initial ascent to the highest level in more than 40 years, central bank policymakers are watching the data even more intently as they contemplate the next moves for monetary policy.
The Fed targets 2% inflation, a level that the core PCE has been above for the past three years.
The Fed watches the PCE in particular because it adjusts for changes in consumer behavior and places less weight on housing costs than the more widely circulated consumer price index from the Labor Department.
While they watch both headline and core measures, Fed officials believe the index excluding food and energy provides a better look at longer-run trends as those two categories tend to be more volatile.
Services prices increased 0.4% on the month while goods were up 0.1%, reflecting a swing in consumer prices as goods inflation dominated since the early days of the Covid pandemic.
Food prices showed a 0.1% decline on the month while energy rose 1.2%.
On a 12-month basis, services prices are up 4% while goods have barely moved, increasing just 0.1%.
Food is up 1.5% while energy has gained 2.6%.
https://www.cnbc.com/2024/04/26/pce-inf ... rcent.html
"Key Fed inflation measure rose 2.8% in March from a year ago, more than expected"
Jeff Cox @JEFF.COX.7528 @JEFFCOXCNBCCOM
PUBLISHED FRI, APR 26 2024
KEY POINTS
* The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected.
* Personal spending rose 0.8% on the month, more than the personal income increase of 0.5%.
* The personal saving rate fell to 3.2%, down 0.4 percentage points from February and 2 full percentage points from a year ago.
Inflation showed few signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.
The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday.
That was above the 2.7% estimate from the Dow Jones consensus.
Including food and energy, the all-items PCE price gauge increased 2.7%, compared with the 2.6% estimate.
On a monthly basis, both measures increased 0.3%, as expected and equaling the increase from February.
Markets showed little reaction to the data, with Wall Street poised to open higher.
Treasury yields fell, with the benchmark 10-year note at 4.67%, down about 0.4 percentage points on the session.
Futures traders grew slightly more optimistic about two potential rate cuts this year, raising the probability to 44%, according to the CME Group’s FedWatch gauge.
“Inflation reports released this morning were not as a hot as feared, but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term,” said George Mateyo, chief investment officer at Key Wealth.
“The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut.”
Consumers showed that they are still spending despite the elevated price levels.
Personal spending rose 0.8% on the month, a touch higher even than the 0.7% estimate though the same as February.
Personal income increased 0.5%, in line with expectations and higher than the 0.3% increase the previous month.
The personal saving rate fell to 3.2%, down 0.4 percentage points from February and 2 full percentage points from a year ago as households dipped into savings to keep spending afloat.
The report follows bad inflation news from Thursday and likely locks the Fed into holding the line on interest rates through at least the summer unless there is some substantial change in the data.
The Commerce Department reported Thursday that PCE in the first quarter accelerated at a 3.4% annualized rate while gross domestic product increased just 1.6%, well below Wall Street expectations.
With inflation still percolating two years after it began its initial ascent to the highest level in more than 40 years, central bank policymakers are watching the data even more intently as they contemplate the next moves for monetary policy.
The Fed targets 2% inflation, a level that the core PCE has been above for the past three years.
The Fed watches the PCE in particular because it adjusts for changes in consumer behavior and places less weight on housing costs than the more widely circulated consumer price index from the Labor Department.
While they watch both headline and core measures, Fed officials believe the index excluding food and energy provides a better look at longer-run trends as those two categories tend to be more volatile.
Services prices increased 0.4% on the month while goods were up 0.1%, reflecting a swing in consumer prices as goods inflation dominated since the early days of the Covid pandemic.
Food prices showed a 0.1% decline on the month while energy rose 1.2%.
On a 12-month basis, services prices are up 4% while goods have barely moved, increasing just 0.1%.
Food is up 1.5% while energy has gained 2.6%.
https://www.cnbc.com/2024/04/26/pce-inf ... rcent.html
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
REUTERS
"Chipmaker Intel falls as AI competition hurts forecast"
By Reuters
April 26, 2024
April 26 (Reuters) - Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
The stock has fallen around 30% so far this year as Intel trails rival chip companies such as Nvidia in producing advanced artificial intelligence (AI) chips and components.
Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data.
"While we believe they are doing everything they can to try to repair things, it is clear the company is profoundly broken, and it will take years to see the fruits of their (currently exhaustive) labor," Bernstein analysts said in a note.
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories.
It also unveiled a new AI chip earlier this year to keep up with competition.
Friday's drop was set to erase nearly $19 billion from the company's market value, which stood at $149.4 billion as of Thursday's close.
Businesses have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel's central processing units, which had long been the mainstay chip powering data centers.
Although encouraged by the launch of Intel's Gaudi 3 AI chip, "we worry the company will continue to cede wallet share within the overall data center compute market to the likes of Nvidia and Arm", Goldman Sachs analysts said.
Still, Intel is optimistic that a fresh upgrade cycle for personal computers around a new version of Microsoft's Windows operating system will help PC sales in the second half of the year.
That could translate to more demand for its chips used in those devices.
The company's earnings contrasted strong results from Microsoft and Alphabet, which are Nvidia clients and also design in-house chips for their data centers.
Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika Syamnath
https://www.reuters.com/technology/inte ... 024-04-26/
"Chipmaker Intel falls as AI competition hurts forecast"
By Reuters
April 26, 2024
April 26 (Reuters) - Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
The stock has fallen around 30% so far this year as Intel trails rival chip companies such as Nvidia in producing advanced artificial intelligence (AI) chips and components.
Intel forecast second-quarter revenue of $12.5 billion to $13.5 billion, compared with analysts' average estimate of $13.57 billion, according to LSEG data.
"While we believe they are doing everything they can to try to repair things, it is clear the company is profoundly broken, and it will take years to see the fruits of their (currently exhaustive) labor," Bernstein analysts said in a note.
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories.
It also unveiled a new AI chip earlier this year to keep up with competition.
Friday's drop was set to erase nearly $19 billion from the company's market value, which stood at $149.4 billion as of Thursday's close.
Businesses have prioritized spending on advanced and speedy AI server chips, hurting demand for Intel's central processing units, which had long been the mainstay chip powering data centers.
Although encouraged by the launch of Intel's Gaudi 3 AI chip, "we worry the company will continue to cede wallet share within the overall data center compute market to the likes of Nvidia and Arm", Goldman Sachs analysts said.
Still, Intel is optimistic that a fresh upgrade cycle for personal computers around a new version of Microsoft's Windows operating system will help PC sales in the second half of the year.
That could translate to more demand for its chips used in those devices.
The company's earnings contrasted strong results from Microsoft and Alphabet, which are Nvidia clients and also design in-house chips for their data centers.
Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika Syamnath
https://www.reuters.com/technology/inte ... 024-04-26/
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
The Washington Examiner
"White House Report Card: Biden drives his approval rating into a ditch"
Story by Paul Bedard, Washington Examiner
27 APRIL 2024
This week’s White House Report Card finds President Joe Biden in a tornado of trouble.
Let’s start with his polling.
Gallup on Friday averaged other polling that has shown just how unpopular the president is.
Biden has dropped to a 68-year presidential low, 38.7% approval.
That is nearly 10 points below where former President Jimmy Carter was at this point in his presidency, and we remember what happened in his reelection bid.
That dismal approval rating puts Biden exactly 10 points below the bare historical minimum he needs to secure reelection, according to Gallup.
Next there is the economy.
Not only has inflation dug in and GDP petered out, but union workers are publicly ripping Biden’s leadership on live TV.
And there were more examples of the president’s stumbles and mumbles.
First there were reports of aides being ordered to walk between the president and media cameras to hide Biden’s feeble gait.
There were his weird and wrong claims that he used to drive 18-wheelers.
And he’s back to reading aloud directions to “pause” on his teleprompter.
Both our graders saw troubles this week.
Conservative Jed Babbin graded it a “D-minus” and highlighted moves by the White House to hurt the economy.
Pollster John Zogby graded the week a “C” and said the president’s stumbles have blocked chances to take advantage of problems facing his political foe, former President Donald Trump.
Jed Babbin
Grade: D-
President Biden’s war on the American economy continued with more regulations this week designed to bring it to a halt.
And that’s not the half of it.
You might remember former President Donald Trump’s 2017 remark that there were “very fine people” on both sides of the Charlottesville, Virginia. “white supremacist” rally.
Biden said that sparked his entry into the 2020 presidential race.
But this week he said something similar when talking about anti-semitic protests at colleges.
He condemned the hate talk, but added, "I also condemn those who don’t understand what’s going on with the Palestinians…”
Biden is still terrified of the Reps. Ilhan Omar (D-MN) and Rashida Tlaib (D-MI) wing of the Democratic Party who won’t vote for him unless he bashes Israel and qualifies every defense of American values with defenses of the Palestinians and their ilk.
Biden also continued his EV push.
But his far-sighted regulatory regime is, at the same time, making it harder to produce electricity.
This week a final regulation was issued that requires coal and natural gas electricity producers to effectively cut all emissions by 2032.
For many the only solution will be to close, thus reducing the amount of electricity available.
If you want to shut down the U.S. economy, that’s one easy way to do it.
Meanwhile, inflation caused by Biden’s radical spending continues.
Old Joe celebrated Earth Day by subsidizing solar panels — more billions spent on nonsense.
Bidenomics continues to wreck our economy.
And let’s not forget Biden’s latest venture into “net neutrality” which will reduce competition on the internet and raise consumer prices.
Fortunately, there wasn’t a lot of international action this week, though the Middle East remains on edge following Israel’s response to Iran’s massive attack last week.
Finally, Old Joe claimed to have driven an 18-wheeler in his long career.
Of course, he never did.
And he managed to read out loud the instructions on his teleprompter to “pause” at one point.
His mental state continues to decline rapidly.
John Zogby
Grade: C
President Joe Biden and former President Donald Trump are tied in a two-way and tied in a five-way race.
Not 'virtually' tied, but really tied.
And they are likely to stay that way for the foreseeable future.
Biden should have been able to take advantage of Trump's legal and financial woes, gag orders and all.
But the current president got gob-smacked by pretty lousy economic news.
No sooner had Jamie Dimon, CEO of JP Morgan Chase, declared a boom economy, a new report showed the GDP grinding down to an annualized 1.6% growth rate and inflation jumping back to a 3.7%.
The president traveled to key battleground states touting federal spending that was generating jobs and winning adulation from the locals.
But his job approval is still at about 40% and he is still trailing in battleground states.
Jed Babbin is a Washington Examiner contributor and former deputy undersecretary of defense in the administration of former President George H.W. Bush. Follow him on X @jedbabbin.
John Zogby is the founder of the Zogby Survey and senior partner at John Zogby Strategies. His podcast with son and managing partner and pollster Jeremy Zogby can be heard here. Their firm polls for independent presidential candidate Robert F. Kennedy Jr. Follow him on X @ZogbyStrategies.
https://www.msn.com/en-us/news/politics ... fccc&ei=16
"White House Report Card: Biden drives his approval rating into a ditch"
Story by Paul Bedard, Washington Examiner
27 APRIL 2024
This week’s White House Report Card finds President Joe Biden in a tornado of trouble.
Let’s start with his polling.
Gallup on Friday averaged other polling that has shown just how unpopular the president is.
Biden has dropped to a 68-year presidential low, 38.7% approval.
That is nearly 10 points below where former President Jimmy Carter was at this point in his presidency, and we remember what happened in his reelection bid.
That dismal approval rating puts Biden exactly 10 points below the bare historical minimum he needs to secure reelection, according to Gallup.
Next there is the economy.
Not only has inflation dug in and GDP petered out, but union workers are publicly ripping Biden’s leadership on live TV.
And there were more examples of the president’s stumbles and mumbles.
First there were reports of aides being ordered to walk between the president and media cameras to hide Biden’s feeble gait.
There were his weird and wrong claims that he used to drive 18-wheelers.
And he’s back to reading aloud directions to “pause” on his teleprompter.
Both our graders saw troubles this week.
Conservative Jed Babbin graded it a “D-minus” and highlighted moves by the White House to hurt the economy.
Pollster John Zogby graded the week a “C” and said the president’s stumbles have blocked chances to take advantage of problems facing his political foe, former President Donald Trump.
Jed Babbin
Grade: D-
President Biden’s war on the American economy continued with more regulations this week designed to bring it to a halt.
And that’s not the half of it.
You might remember former President Donald Trump’s 2017 remark that there were “very fine people” on both sides of the Charlottesville, Virginia. “white supremacist” rally.
Biden said that sparked his entry into the 2020 presidential race.
But this week he said something similar when talking about anti-semitic protests at colleges.
He condemned the hate talk, but added, "I also condemn those who don’t understand what’s going on with the Palestinians…”
Biden is still terrified of the Reps. Ilhan Omar (D-MN) and Rashida Tlaib (D-MI) wing of the Democratic Party who won’t vote for him unless he bashes Israel and qualifies every defense of American values with defenses of the Palestinians and their ilk.
Biden also continued his EV push.
But his far-sighted regulatory regime is, at the same time, making it harder to produce electricity.
This week a final regulation was issued that requires coal and natural gas electricity producers to effectively cut all emissions by 2032.
For many the only solution will be to close, thus reducing the amount of electricity available.
If you want to shut down the U.S. economy, that’s one easy way to do it.
Meanwhile, inflation caused by Biden’s radical spending continues.
Old Joe celebrated Earth Day by subsidizing solar panels — more billions spent on nonsense.
Bidenomics continues to wreck our economy.
And let’s not forget Biden’s latest venture into “net neutrality” which will reduce competition on the internet and raise consumer prices.
Fortunately, there wasn’t a lot of international action this week, though the Middle East remains on edge following Israel’s response to Iran’s massive attack last week.
Finally, Old Joe claimed to have driven an 18-wheeler in his long career.
Of course, he never did.
And he managed to read out loud the instructions on his teleprompter to “pause” at one point.
His mental state continues to decline rapidly.
John Zogby
Grade: C
President Joe Biden and former President Donald Trump are tied in a two-way and tied in a five-way race.
Not 'virtually' tied, but really tied.
And they are likely to stay that way for the foreseeable future.
Biden should have been able to take advantage of Trump's legal and financial woes, gag orders and all.
But the current president got gob-smacked by pretty lousy economic news.
No sooner had Jamie Dimon, CEO of JP Morgan Chase, declared a boom economy, a new report showed the GDP grinding down to an annualized 1.6% growth rate and inflation jumping back to a 3.7%.
The president traveled to key battleground states touting federal spending that was generating jobs and winning adulation from the locals.
But his job approval is still at about 40% and he is still trailing in battleground states.
Jed Babbin is a Washington Examiner contributor and former deputy undersecretary of defense in the administration of former President George H.W. Bush. Follow him on X @jedbabbin.
John Zogby is the founder of the Zogby Survey and senior partner at John Zogby Strategies. His podcast with son and managing partner and pollster Jeremy Zogby can be heard here. Their firm polls for independent presidential candidate Robert F. Kennedy Jr. Follow him on X @ZogbyStrategies.
https://www.msn.com/en-us/news/politics ... fccc&ei=16
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
RBC Ukraine
"Up-to-date US-supplied missiles to Ukraine fall short: Pentagon explains why"
Story by Daryna Vialko
27 APRIL 2024
Small-diameter high-precision GLSDB munitions did not meet expectations based on the experience of the war in Ukraine, stated Deputy US Secretary of Defense for Acquisition and Sustainment William LaPlante at the CSIS security forum.
"One company, I won't say who they are, came up with a really cool idea of taking an air-to-ground weapon and doing a ground launch version of it, and it would be a long-range fire weapon."
"They raced and did it as fast as they could, we even limited the testing in this country."
"We said, look just test for safety..."
"And then we sent it to Ukrainians."
"It didn't work," explained LaPlante.
He explained that these munitions failed to perform for several reasons, including:
* interference from electronic warfare systems,
* typical debris and ground use,
* tactical application peculiarities.
Presumably, LaPlante was referring to the recently developed GLSDB missiles from Boeing, which were based on the GBU-39/B Small Diameter Bomb (SDB).
Their testing concluded in December last year, and the first confirmed use against Russians appeared in February this year.
LaPlante summarized the situation, emphasizing that "when you send something to people in fight for their lives, and it doesn't work, they'll try it three times and then they'll just throw it aside."
"So that's happened".
GLSDB in Ukraine
The discussions regarding the supply of GLSDB missiles to Ukraine began as early as 2022.
The United States hesitated for some time about supplying the new missiles, fearing it could escalate the conflict.
However, in February 2023, the Pentagon confirmed the transfer of GLSDB missiles to Ukraine.
At the time, Ukraine's Defense Minister, Oleksiy Reznikov, emphasized that Ukraine would not use this type of weaponry to strike Russian territory but rather to defend the temporarily occupied territories of Ukraine.
https://www.msn.com/en-us/news/world/up ... fccc&ei=25
"Up-to-date US-supplied missiles to Ukraine fall short: Pentagon explains why"
Story by Daryna Vialko
27 APRIL 2024
Small-diameter high-precision GLSDB munitions did not meet expectations based on the experience of the war in Ukraine, stated Deputy US Secretary of Defense for Acquisition and Sustainment William LaPlante at the CSIS security forum.
"One company, I won't say who they are, came up with a really cool idea of taking an air-to-ground weapon and doing a ground launch version of it, and it would be a long-range fire weapon."
"They raced and did it as fast as they could, we even limited the testing in this country."
"We said, look just test for safety..."
"And then we sent it to Ukrainians."
"It didn't work," explained LaPlante.
He explained that these munitions failed to perform for several reasons, including:
* interference from electronic warfare systems,
* typical debris and ground use,
* tactical application peculiarities.
Presumably, LaPlante was referring to the recently developed GLSDB missiles from Boeing, which were based on the GBU-39/B Small Diameter Bomb (SDB).
Their testing concluded in December last year, and the first confirmed use against Russians appeared in February this year.
LaPlante summarized the situation, emphasizing that "when you send something to people in fight for their lives, and it doesn't work, they'll try it three times and then they'll just throw it aside."
"So that's happened".
GLSDB in Ukraine
The discussions regarding the supply of GLSDB missiles to Ukraine began as early as 2022.
The United States hesitated for some time about supplying the new missiles, fearing it could escalate the conflict.
However, in February 2023, the Pentagon confirmed the transfer of GLSDB missiles to Ukraine.
At the time, Ukraine's Defense Minister, Oleksiy Reznikov, emphasized that Ukraine would not use this type of weaponry to strike Russian territory but rather to defend the temporarily occupied territories of Ukraine.
https://www.msn.com/en-us/news/world/up ... fccc&ei=25
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
USA TODAY
"President Biden scraps 'Bidenomics' after slogan falls flat"
Story by Joey Garrison, USA TODAY
27 APRIL 2024
WASHINGTON ― Last June, in what the White House envisioned would be a turning-point speech in Chicago, President Joe Biden introduced a new slogan aimed at selling an economic revival.
The mantra was "Bidenomics."
And on this day, the word was plastered everywhere: flanking Biden on massive blue signs as he talked up an improving economy, across the base of his lectern, and draped down the walls of Chicago's historic post office where Biden spoke to a couple hundred supporters.
For the rest of the year, Biden would go on to tout "Bidenomics" about every time he discussed the economy as he sought to tie his policy agenda − investments in manufacturing, infrastructure and the middle class − to historically low unemployment, a robust jobs market, and inflation that, after peaking in the summer of 2022, was cooling.
But over time, all the "Bidenomics" talk has disappeared.
During a recent campaign swing this month in Pennsylvania − in which Biden made three stops and sought to contrast his economic agenda with former President Donald Trump's − Biden never mentioned the term "Bidenomics."
Nor did he utter the phrase during separate addresses to electrical workers and builders unions over the past week.
Or Thursday in Syracuse, N.Y., where he announced more than $6 billion in subsidies for two microchip factories.
The White House concluded that too many Americans didn't know what "Bidenomics" meant.
Congressional Democratic candidates and party activists never embraced the label as they work to overcome the president's low approval ratings to win back control of the House.
And because inflation has proven stubbornly high, the slogan became synonymous with an economy that, despite several strong metrics, many Americans fear is headed in the wrong direction.
"'Bidenomics' could mean anything to people, and we needed words or phrases that communicate more −like jobs, (tackling) rising costs and 'junk fees,'" said Celinda Lake, a former Biden campaign pollster in the 2020 election.
"'Bidenomics' ended up being confusing to voters because they thought it was Biden's economy rather than Biden's economic policies."
What 'Bidenomics' was supposed to mean versus what it became
"Bidenomics" was first coined by conservative critics of Biden in columns in the Financial Times and Wall Street Journal ahead of the 2020 election.
By embracing the "Bidenomics" tag, the White House hoped to turn an attack line used by Republicans into a strength − similar to Democrats embracing "Obamacare," originally a Republican slander, as the name for President Barack Obama's signature health care law.
From the White House's perspective, "Bidenomics" was supposed to encompass an economic platform focused on growing an economy "from the middle out and the bottom up" − cutting health-care costs, forcing billionaires to "pay their fair share" in taxes, eliminating so-called "junk fees" and leveraging the federal government for historic investments in manufacturing of microchips and clean energy, infrastructure and innovation.
If Republicans were going to use "Bidenomics" as an attack, why not work to define it to Biden's advantage?
"I don’t think they meant it as a compliment, but they started referring to my economic policies as 'Bidenomics.'"
"Well, guess what?"
"It’s working," Biden said in a speech last August, reciting a line he turned to often.
But the calculus ignored a reality: When much of the country heard "Bidenomics," it reminded them of high inflation, not Biden's efforts to make the U.S. a microchip hotbed or the nation's economic rebound since the pandemic.
Meanwhile, the outlook on the economy remains sour.
In a New York Times/Sienna College poll this month, only 21% of voters described the economy as "excellent/good," compared to 79% who called it "fair/poor."
"I think that the fundamental root of it all was that people thought the situation would be parallel to Obamacare," Lake said.
"And for a number of reasons, it wasn't remotely parallel to Obamacare."
Drew Westen, a professor of psychology and psychiatry at Emory University who consults for Democrats on messaging, questioned coining any policy or bill after a president's name, arguing it turns off nearly half the country automatically.
And he said while the economic resurgence after the pandemic is "a phenomenal achievement," not all people have felt it.
"It was a bad call to use that term," Westen said.
"At that time, people were seeing the Biden economy as the inflation economy."
"That appears to be changing, but I still wouldn't go back to 'Bidenomics.'"
How Biden's use of 'Bidenomics' disappeared over time
Biden still leans into his message of "investing in America" and promotes the same policies.
But nearly a month has passed since Biden said "Bidenomics" during public remarks.
It came during a March 26 speech in Raleigh, North Carolina on his efforts to lower health care costs.
Before then, Biden hadn't used the word "Bidenomics" since late January, according to a USA TODAY review of Biden's public remarks archived by the White House.
Most notably, Biden left "Bidenomics" out of his March 7 State of the Union address before Congress.
Vice President Kamala Harris, as well as White House press secretary Karine Jean-Pierre and other spokespeople for Biden, have also retired the phrase.
The messaging was very different last summer and fall.
Biden said "Bidenomics" 15 times in his June 28 speech in Chicago that debuted his new slogan to the nation.
He mentioned "Bidenomics" another 77 times in speeches through October, including as many as six or seven times in single speeches.
"'Bidenomics'" is just another way of saying 'restoring the American Dream,'" Biden said last year on multiple occasions.
"That's Bidenomics in action," was another favorite Biden line that later disappeared.
In a Sept. 14 speech in Largo, Maryland, Biden framed the presidential election as a "choice between Bidenomics and MAGAnomics," accusing Trump and Republicans of wanting to cut taxes for the wealthiest Americans and corporations, gut Social Security and Medicare and end cost-saving measures for the middle class.
Yet Biden touted "Bidenomics" only four more times in both November and December, and he has said it only three times total this year.
White House: 'The press is caught up in semantics'
From the outset, most Democratic House and Senate candidates were cool to embrace "Bidenomics" in their campaigns.
Although they defend Biden's economic policies, no campaign ads emerged using the "Bidenomics" term.
Rep. James Clyburn, D-S.C., a strong Biden ally, told NBC News in November that he didn't like the word.
"The people that he (Biden) stands for don’t deal with economics,” Clyburn said at the time.
"They deal with day-to-day issues."
"They have to educate their children and feed their families and develop their communities − and that doesn’t sound like ‘Bidenomics.’”
An analysis by Axios found congressional Democrats went from saying "Bidenomics" nearly 500 times last July in public speeches and social media posts to just 10 times in March, compared to 474 mentions of "Bidenomics" by Republicans in March.
In a statement to USA TODAY, the White House downplayed Biden's shift away from "Bidenomics" as the focus of the media, not everyday Americans, and argued the president is still talking regularly about the policies that make up "Bidenomics."
“While the press is caught up in semantics, consumer confidence is higher than at this point under Presidents Obama, Bush, Clinton, and Reagan; the President’s economic approval is rising; and he is on the road touting his accomplishments that are widely supported and making a real difference in peoples’ lives," said Michael Kikukawa, assistant White House press secretary.
"The President will continue talking about Bidenomics − his agenda to grow the economy from the middle out and bottom up," he said, calling his approach a "sharp contrast" with Republicans.
Viet Shelton, spokesperson for the Democratic Congressional Campaign Committee, said House Democrats' and Biden's "victories for working families" is what will matter to voters in November − "not a slogan."
But if Democrats do look for another slogan, they might consider one Democrat's advice.
"If the the right suggests the term, don't use it," said Westen, author of "The Political Brain: The Role of Emotion in Deciding the Fate of the Nation."
"You never want to take the other side's branding of anything about you or your programs and run with it − because it's been designed by the other side to create the associations in people's minds that they want to create."
Reach Joey Garrison on X, formerly Twitter, @joeygarrison.
https://www.msn.com/en-us/news/politics ... fccc&ei=46
"President Biden scraps 'Bidenomics' after slogan falls flat"
Story by Joey Garrison, USA TODAY
27 APRIL 2024
WASHINGTON ― Last June, in what the White House envisioned would be a turning-point speech in Chicago, President Joe Biden introduced a new slogan aimed at selling an economic revival.
The mantra was "Bidenomics."
And on this day, the word was plastered everywhere: flanking Biden on massive blue signs as he talked up an improving economy, across the base of his lectern, and draped down the walls of Chicago's historic post office where Biden spoke to a couple hundred supporters.
For the rest of the year, Biden would go on to tout "Bidenomics" about every time he discussed the economy as he sought to tie his policy agenda − investments in manufacturing, infrastructure and the middle class − to historically low unemployment, a robust jobs market, and inflation that, after peaking in the summer of 2022, was cooling.
But over time, all the "Bidenomics" talk has disappeared.
During a recent campaign swing this month in Pennsylvania − in which Biden made three stops and sought to contrast his economic agenda with former President Donald Trump's − Biden never mentioned the term "Bidenomics."
Nor did he utter the phrase during separate addresses to electrical workers and builders unions over the past week.
Or Thursday in Syracuse, N.Y., where he announced more than $6 billion in subsidies for two microchip factories.
The White House concluded that too many Americans didn't know what "Bidenomics" meant.
Congressional Democratic candidates and party activists never embraced the label as they work to overcome the president's low approval ratings to win back control of the House.
And because inflation has proven stubbornly high, the slogan became synonymous with an economy that, despite several strong metrics, many Americans fear is headed in the wrong direction.
"'Bidenomics' could mean anything to people, and we needed words or phrases that communicate more −like jobs, (tackling) rising costs and 'junk fees,'" said Celinda Lake, a former Biden campaign pollster in the 2020 election.
"'Bidenomics' ended up being confusing to voters because they thought it was Biden's economy rather than Biden's economic policies."
What 'Bidenomics' was supposed to mean versus what it became
"Bidenomics" was first coined by conservative critics of Biden in columns in the Financial Times and Wall Street Journal ahead of the 2020 election.
By embracing the "Bidenomics" tag, the White House hoped to turn an attack line used by Republicans into a strength − similar to Democrats embracing "Obamacare," originally a Republican slander, as the name for President Barack Obama's signature health care law.
From the White House's perspective, "Bidenomics" was supposed to encompass an economic platform focused on growing an economy "from the middle out and the bottom up" − cutting health-care costs, forcing billionaires to "pay their fair share" in taxes, eliminating so-called "junk fees" and leveraging the federal government for historic investments in manufacturing of microchips and clean energy, infrastructure and innovation.
If Republicans were going to use "Bidenomics" as an attack, why not work to define it to Biden's advantage?
"I don’t think they meant it as a compliment, but they started referring to my economic policies as 'Bidenomics.'"
"Well, guess what?"
"It’s working," Biden said in a speech last August, reciting a line he turned to often.
But the calculus ignored a reality: When much of the country heard "Bidenomics," it reminded them of high inflation, not Biden's efforts to make the U.S. a microchip hotbed or the nation's economic rebound since the pandemic.
Meanwhile, the outlook on the economy remains sour.
In a New York Times/Sienna College poll this month, only 21% of voters described the economy as "excellent/good," compared to 79% who called it "fair/poor."
"I think that the fundamental root of it all was that people thought the situation would be parallel to Obamacare," Lake said.
"And for a number of reasons, it wasn't remotely parallel to Obamacare."
Drew Westen, a professor of psychology and psychiatry at Emory University who consults for Democrats on messaging, questioned coining any policy or bill after a president's name, arguing it turns off nearly half the country automatically.
And he said while the economic resurgence after the pandemic is "a phenomenal achievement," not all people have felt it.
"It was a bad call to use that term," Westen said.
"At that time, people were seeing the Biden economy as the inflation economy."
"That appears to be changing, but I still wouldn't go back to 'Bidenomics.'"
How Biden's use of 'Bidenomics' disappeared over time
Biden still leans into his message of "investing in America" and promotes the same policies.
But nearly a month has passed since Biden said "Bidenomics" during public remarks.
It came during a March 26 speech in Raleigh, North Carolina on his efforts to lower health care costs.
Before then, Biden hadn't used the word "Bidenomics" since late January, according to a USA TODAY review of Biden's public remarks archived by the White House.
Most notably, Biden left "Bidenomics" out of his March 7 State of the Union address before Congress.
Vice President Kamala Harris, as well as White House press secretary Karine Jean-Pierre and other spokespeople for Biden, have also retired the phrase.
The messaging was very different last summer and fall.
Biden said "Bidenomics" 15 times in his June 28 speech in Chicago that debuted his new slogan to the nation.
He mentioned "Bidenomics" another 77 times in speeches through October, including as many as six or seven times in single speeches.
"'Bidenomics'" is just another way of saying 'restoring the American Dream,'" Biden said last year on multiple occasions.
"That's Bidenomics in action," was another favorite Biden line that later disappeared.
In a Sept. 14 speech in Largo, Maryland, Biden framed the presidential election as a "choice between Bidenomics and MAGAnomics," accusing Trump and Republicans of wanting to cut taxes for the wealthiest Americans and corporations, gut Social Security and Medicare and end cost-saving measures for the middle class.
Yet Biden touted "Bidenomics" only four more times in both November and December, and he has said it only three times total this year.
White House: 'The press is caught up in semantics'
From the outset, most Democratic House and Senate candidates were cool to embrace "Bidenomics" in their campaigns.
Although they defend Biden's economic policies, no campaign ads emerged using the "Bidenomics" term.
Rep. James Clyburn, D-S.C., a strong Biden ally, told NBC News in November that he didn't like the word.
"The people that he (Biden) stands for don’t deal with economics,” Clyburn said at the time.
"They deal with day-to-day issues."
"They have to educate their children and feed their families and develop their communities − and that doesn’t sound like ‘Bidenomics.’”
An analysis by Axios found congressional Democrats went from saying "Bidenomics" nearly 500 times last July in public speeches and social media posts to just 10 times in March, compared to 474 mentions of "Bidenomics" by Republicans in March.
In a statement to USA TODAY, the White House downplayed Biden's shift away from "Bidenomics" as the focus of the media, not everyday Americans, and argued the president is still talking regularly about the policies that make up "Bidenomics."
“While the press is caught up in semantics, consumer confidence is higher than at this point under Presidents Obama, Bush, Clinton, and Reagan; the President’s economic approval is rising; and he is on the road touting his accomplishments that are widely supported and making a real difference in peoples’ lives," said Michael Kikukawa, assistant White House press secretary.
"The President will continue talking about Bidenomics − his agenda to grow the economy from the middle out and bottom up," he said, calling his approach a "sharp contrast" with Republicans.
Viet Shelton, spokesperson for the Democratic Congressional Campaign Committee, said House Democrats' and Biden's "victories for working families" is what will matter to voters in November − "not a slogan."
But if Democrats do look for another slogan, they might consider one Democrat's advice.
"If the the right suggests the term, don't use it," said Westen, author of "The Political Brain: The Role of Emotion in Deciding the Fate of the Nation."
"You never want to take the other side's branding of anything about you or your programs and run with it − because it's been designed by the other side to create the associations in people's minds that they want to create."
Reach Joey Garrison on X, formerly Twitter, @joeygarrison.
https://www.msn.com/en-us/news/politics ... fccc&ei=46
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
The New York Post
"Biden is the least popular president in 70 years — below even Nixon and Carter, scathing poll finds"
Story by Mary Kay Linge
28 APRIL 2024
It’s a low blow for Joe.
Joe Biden is the least popular commander in chief at this point of his presidency in the last 70 years, below even Richard Nixon and Jimmy Carter, according to a blistering new poll — imperiling his chances of re-election.
Biden, 81, notched a dismal 38.7% job approval rating for the first quarter of 2024, the venerable Gallup Poll found in a survey released Friday, three points lower than that of the one-term George H.W. Bush at the same point in his presidency.
“With about six months remaining before Election Day, Biden stands in a weaker position than any prior incumbent,” the pollsters concluded.
In contrast, former President Donald Trump, who is vying with Biden for a second White House term, had a 46.8% approval rating at this point in his presidency.
Even Nixon and Carter had higher ratings than Biden, with 53.7% and 47.7%, respectively, and Eisenhower had the highest rating at 72.3%, according to the poll.
The results of Gallup’s presidential approval polls, which the organization has compiled since the presidency of Dwight D. Eisenhower began in 1952, have been strongly predictive of re-election success.
Historically, every incumbent in the past seven decades with an approval rating above 50% has won a second term.
Only Barack Obama bucked the trend: his 2012 victory came despite a middling 46% approval six months ahead of that year’s general election.
No first-term president in Gallup’s history has returned to the White House with approval numbers as low as Biden’s — whose results this quarter ranked among the worst of the post-World War II era, in the bottom 12% of all presidential quarters going back to 1945.
And while this quarter marks a new low for Biden in Gallup’s polling, his popularity has remained stubbornly mired in the low 40s since the first year of his presidency, amid skyrocketing inflation, a worsening border crisis and the disastrous pullout from Afghanistan.
His re-election campaign has been plagued by embarrassing gaffes, and aides have struggled to shield their octogenarian boss from the press as his halting, shuffling gait offers evidence of his advanced age.
Yet current polls show the 2024 presidential election as a tight race, with Trump holding a 0.3% edge over Biden in the RealClearPolitics aggregate of national polls.
Gallup’s national survey of 1,001 Americans, conducted from April 1 to April 22, has a 4-point margin of error.
Biden’s historic low compared to other US presidents
President Biden’s approval rating 39 months into his presidency is the lowest of any elected chief executive in modern American history, according to Gallup.
Dwight D. Eisenhower (1956): 73.2%
Ronald Reagan (1984): 54.5%
Richard Nixon (1972): 53.7%
Bill Clinton (1996): 53.0%
George W. Bush (2004): 51.0%
Jimmy Carter (1980): 47.7%
Donald Trump (2020): 46.8%
Barack Obama (2012): 45.9%
George H.W. Bush (1992): 41.8%
Joe Biden (2024): 38.7%
https://www.msn.com/en-us/news/politics ... 5939&ei=44
"Biden is the least popular president in 70 years — below even Nixon and Carter, scathing poll finds"
Story by Mary Kay Linge
28 APRIL 2024
It’s a low blow for Joe.
Joe Biden is the least popular commander in chief at this point of his presidency in the last 70 years, below even Richard Nixon and Jimmy Carter, according to a blistering new poll — imperiling his chances of re-election.
Biden, 81, notched a dismal 38.7% job approval rating for the first quarter of 2024, the venerable Gallup Poll found in a survey released Friday, three points lower than that of the one-term George H.W. Bush at the same point in his presidency.
“With about six months remaining before Election Day, Biden stands in a weaker position than any prior incumbent,” the pollsters concluded.
In contrast, former President Donald Trump, who is vying with Biden for a second White House term, had a 46.8% approval rating at this point in his presidency.
Even Nixon and Carter had higher ratings than Biden, with 53.7% and 47.7%, respectively, and Eisenhower had the highest rating at 72.3%, according to the poll.
The results of Gallup’s presidential approval polls, which the organization has compiled since the presidency of Dwight D. Eisenhower began in 1952, have been strongly predictive of re-election success.
Historically, every incumbent in the past seven decades with an approval rating above 50% has won a second term.
Only Barack Obama bucked the trend: his 2012 victory came despite a middling 46% approval six months ahead of that year’s general election.
No first-term president in Gallup’s history has returned to the White House with approval numbers as low as Biden’s — whose results this quarter ranked among the worst of the post-World War II era, in the bottom 12% of all presidential quarters going back to 1945.
And while this quarter marks a new low for Biden in Gallup’s polling, his popularity has remained stubbornly mired in the low 40s since the first year of his presidency, amid skyrocketing inflation, a worsening border crisis and the disastrous pullout from Afghanistan.
His re-election campaign has been plagued by embarrassing gaffes, and aides have struggled to shield their octogenarian boss from the press as his halting, shuffling gait offers evidence of his advanced age.
Yet current polls show the 2024 presidential election as a tight race, with Trump holding a 0.3% edge over Biden in the RealClearPolitics aggregate of national polls.
Gallup’s national survey of 1,001 Americans, conducted from April 1 to April 22, has a 4-point margin of error.
Biden’s historic low compared to other US presidents
President Biden’s approval rating 39 months into his presidency is the lowest of any elected chief executive in modern American history, according to Gallup.
Dwight D. Eisenhower (1956): 73.2%
Ronald Reagan (1984): 54.5%
Richard Nixon (1972): 53.7%
Bill Clinton (1996): 53.0%
George W. Bush (2004): 51.0%
Jimmy Carter (1980): 47.7%
Donald Trump (2020): 46.8%
Barack Obama (2012): 45.9%
George H.W. Bush (1992): 41.8%
Joe Biden (2024): 38.7%
https://www.msn.com/en-us/news/politics ... 5939&ei=44
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
Meaww
"'You reap what you sow': Internet roasts Democrats as Adam Schiff gets robbed in San Francisco ahead of speaking event"
Story by Bhavik Grover
28 APRIL 2024
SAN FRANCISCO, CALIFORNIA: Democratic Congressman Adam Schiff experienced a taste of San Francisco's notorious crime problem firsthand on Thursday, April 25, when his luggage was stolen from his parked car before a speaking event in the city.
Despite the unsettling incident, Schiff remained composed and attended the event wearing a shirt and hiking vest, having been robbed of his formal attire.
The incident sparked an online firestorm, with many critics mocking the California lawmaker and his party's policies on law and order.
Adam Schiff goes ahead with his speaking engagement despite robbery
According to the San Francisco Chronicle, Schiff's car had been parked in a downtown garage while he visited the area.
Ahead of a dinner where the Senate hopeful intended to thank high-profile lawyer Joe Cotchett for his support in the race to replace the late Dianne Feinstein, Schiff's belongings were stolen from his vehicle.
Lee Houskeeper, Cotchett's press agent who was present at the Ristorante Rocca event, reportedly warned Schiff not to leave anything in the car, quipping, "I guess it's 'Welcome to San Francisco'."
However, the congressman seemed unfazed, telling the Chronicle, "Yes, they took my bags."
"But I'm here to thank Joe."
Despite the theft of his luggage, Schiff continued with his speaking engagement, delivering his remarks without wearing a suit jacket.
Instead, he opted for a shirt and hiking vest.
Cotchett observed that the congressman behaved as though everything was normal during his visit.
Notably, Schiff grew up in San Francisco and has served in the California delegation for over two decades.
The theft of Schiff's belongings in San Francisco comes amidst a backdrop of rising crime rates in the city, which has prompted concerns among residents and businesses alike.
The city has witnessed a mass exodus of retailers from its downtown area, with prominent stores and malls closing due to safety concerns.
Last year, a CNN crew reporting on the escalating crime in San Francisco fell victim to a similar incident when their vehicle was broken into, resulting in the theft of equipment.
Internet lambasts Democrats in wake of the theft of Adam Schiff's belongings
As the news of the theft of Schiff's belongings spread across the internet, users seized the opportunity to lambast the Democratic Party and its policies.
One X user commented, "You reap what you sow, democrats..."
Another user echoed this sentiment, stating, "Dems could stop most of this if they WANTED law & order. Not crying any tears for Schiff…"
A user weighed in, remarking, "Adam Schiff, feeling the pain of living in a state run by Democrats."
Similarly, another individual asserted, "Democrats suffering the consequences of their policies."
One user asserted, "Dems built this lawless mayhem. Now they can enjoy it."
Another user highlighted, "It's good he gets a taste of what HIS party has unleashed on the big Dem cities."
A user emphasized, "Another high ranking democrat gets to experience crime in democrat-run cities first hand. This time it was Shifty Adam Schiff."
One user bluntly stated, "The Democrats have done this to California."
This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.
https://www.msn.com/en-us/news/politics ... 5939&ei=52
"'You reap what you sow': Internet roasts Democrats as Adam Schiff gets robbed in San Francisco ahead of speaking event"
Story by Bhavik Grover
28 APRIL 2024
SAN FRANCISCO, CALIFORNIA: Democratic Congressman Adam Schiff experienced a taste of San Francisco's notorious crime problem firsthand on Thursday, April 25, when his luggage was stolen from his parked car before a speaking event in the city.
Despite the unsettling incident, Schiff remained composed and attended the event wearing a shirt and hiking vest, having been robbed of his formal attire.
The incident sparked an online firestorm, with many critics mocking the California lawmaker and his party's policies on law and order.
Adam Schiff goes ahead with his speaking engagement despite robbery
According to the San Francisco Chronicle, Schiff's car had been parked in a downtown garage while he visited the area.
Ahead of a dinner where the Senate hopeful intended to thank high-profile lawyer Joe Cotchett for his support in the race to replace the late Dianne Feinstein, Schiff's belongings were stolen from his vehicle.
Lee Houskeeper, Cotchett's press agent who was present at the Ristorante Rocca event, reportedly warned Schiff not to leave anything in the car, quipping, "I guess it's 'Welcome to San Francisco'."
However, the congressman seemed unfazed, telling the Chronicle, "Yes, they took my bags."
"But I'm here to thank Joe."
Despite the theft of his luggage, Schiff continued with his speaking engagement, delivering his remarks without wearing a suit jacket.
Instead, he opted for a shirt and hiking vest.
Cotchett observed that the congressman behaved as though everything was normal during his visit.
Notably, Schiff grew up in San Francisco and has served in the California delegation for over two decades.
The theft of Schiff's belongings in San Francisco comes amidst a backdrop of rising crime rates in the city, which has prompted concerns among residents and businesses alike.
The city has witnessed a mass exodus of retailers from its downtown area, with prominent stores and malls closing due to safety concerns.
Last year, a CNN crew reporting on the escalating crime in San Francisco fell victim to a similar incident when their vehicle was broken into, resulting in the theft of equipment.
Internet lambasts Democrats in wake of the theft of Adam Schiff's belongings
As the news of the theft of Schiff's belongings spread across the internet, users seized the opportunity to lambast the Democratic Party and its policies.
One X user commented, "You reap what you sow, democrats..."
Another user echoed this sentiment, stating, "Dems could stop most of this if they WANTED law & order. Not crying any tears for Schiff…"
A user weighed in, remarking, "Adam Schiff, feeling the pain of living in a state run by Democrats."
Similarly, another individual asserted, "Democrats suffering the consequences of their policies."
One user asserted, "Dems built this lawless mayhem. Now they can enjoy it."
Another user highlighted, "It's good he gets a taste of what HIS party has unleashed on the big Dem cities."
A user emphasized, "Another high ranking democrat gets to experience crime in democrat-run cities first hand. This time it was Shifty Adam Schiff."
One user bluntly stated, "The Democrats have done this to California."
This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.
https://www.msn.com/en-us/news/politics ... 5939&ei=52
Re: AMERICA'S FIGHTING BULLDOG JOE BIDEN
The Center Square
"Elevated inflation, poor GDP growth raise concerns"
Story by Casey Harper
29 APRIL 2024
(The Center Square) – Federal data released Friday showed that inflation remains elevated.
The figures came out on the heels of other data showing the U.S. Gross Domestic Product underperformed in the first quarter of this year.
Both the inflation and GDP data points raised concerns among economists and renewed criticism of President Joe Biden among Republicans.
“Given the elevated levels of inflation – and this is the new normal for 2024 – the market is going to need to get over hopes for Fed rate cuts,” Chris Zaccarelli, chief investment officer for Independent Advisor Alliance in North Carolina, said in a statement.
“Yes, they may cut once (or not at all), but there is no possibility the Fed is going to cut rates 3 or more times, unless we go into recession.”
The U.S. Bureau of Economic Analysis released the Personal Consumption Expenditure data Friday, which showed the PCE rose 0.3% last month.
The federal Consumer Price Index, another leading marker of inflation, reported prices rising 0.4% last month.
“A lot of people have argued elevated inflation is just because of housing and housing is lagged/inappropriate,” Jason Furman, a Harvard economist and former economic advisor during the Obama administration, wrote on X, formerly known as Twitter, on Friday.
“But even excluding housing, recent inflation is highly elevated…” he continued
That inflation data comes after new federal data this week showed that the GDP increased at an annual rate of only 1.6% in the first three months of this year, much less than the 3.4% growth in the previous quarter and well below experts’ expectations.
“New GDP numbers out - yet ANOTHER depressing quarter under Biden…” Richard Stern, an expert at the Heritage Foundation, wrote on X.
“This marks the THIRD quarter in a row of the government growing faster than the economy!
“That's socialism at work as the woke left-wing government eats everyone else's lunch off the buffet table – all while the personal saving rate falls off a cliff and is less than half what it was pre-pandemic,” he added.
Republicans heaped on more criticism of Biden after the new economic data.
“Antisemitism is running rampant on campuses,” U.S> Rep. Elise Stefanik, R-N.Y., wrote on X.
“Illegal immigrants are invading both borders."
"Inflation is rising and draining the pocketbooks."
"America is experiencing one crisis after another under Joe Biden's failed leadership.”
Prices have risen nearly 20% since Biden took office.
“President Biden’s recipe of outlandish spending and higher taxes is robbing the American people and hurting the economy,” House Ways and Means Committee Chairman Jason Smith, R-Mo., said in a statement.
“The soaring cost of gas and groceries keeps killing family budgets – leaving Americans struggling to either pay rent or buy a house."
"The latest GDP report shows an economy sagging under the weight of failed economic policies."
"With prices continuing to rise and the Federal Reserve likely to keep interest rates at the highest levels in over 20 years, the American Dream is slipping out of reach for more families.”
Biden, though, has rebuffed criticism and pointed to his other economic wins, as The Center Square previously reported.
“Today’s report shows the American economy remains strong, with continued steady and stable growth,” Biden said in a statement last week.
“The economy has grown more since I took office than at this point in any presidential term in the last 25 years – including 3% growth over the last year – while unemployment has stayed below 4% for more than two years.”
https://www.msn.com/en-us/money/markets ... d1f6&ei=12
"Elevated inflation, poor GDP growth raise concerns"
Story by Casey Harper
29 APRIL 2024
(The Center Square) – Federal data released Friday showed that inflation remains elevated.
The figures came out on the heels of other data showing the U.S. Gross Domestic Product underperformed in the first quarter of this year.
Both the inflation and GDP data points raised concerns among economists and renewed criticism of President Joe Biden among Republicans.
“Given the elevated levels of inflation – and this is the new normal for 2024 – the market is going to need to get over hopes for Fed rate cuts,” Chris Zaccarelli, chief investment officer for Independent Advisor Alliance in North Carolina, said in a statement.
“Yes, they may cut once (or not at all), but there is no possibility the Fed is going to cut rates 3 or more times, unless we go into recession.”
The U.S. Bureau of Economic Analysis released the Personal Consumption Expenditure data Friday, which showed the PCE rose 0.3% last month.
The federal Consumer Price Index, another leading marker of inflation, reported prices rising 0.4% last month.
“A lot of people have argued elevated inflation is just because of housing and housing is lagged/inappropriate,” Jason Furman, a Harvard economist and former economic advisor during the Obama administration, wrote on X, formerly known as Twitter, on Friday.
“But even excluding housing, recent inflation is highly elevated…” he continued
That inflation data comes after new federal data this week showed that the GDP increased at an annual rate of only 1.6% in the first three months of this year, much less than the 3.4% growth in the previous quarter and well below experts’ expectations.
“New GDP numbers out - yet ANOTHER depressing quarter under Biden…” Richard Stern, an expert at the Heritage Foundation, wrote on X.
“This marks the THIRD quarter in a row of the government growing faster than the economy!
“That's socialism at work as the woke left-wing government eats everyone else's lunch off the buffet table – all while the personal saving rate falls off a cliff and is less than half what it was pre-pandemic,” he added.
Republicans heaped on more criticism of Biden after the new economic data.
“Antisemitism is running rampant on campuses,” U.S> Rep. Elise Stefanik, R-N.Y., wrote on X.
“Illegal immigrants are invading both borders."
"Inflation is rising and draining the pocketbooks."
"America is experiencing one crisis after another under Joe Biden's failed leadership.”
Prices have risen nearly 20% since Biden took office.
“President Biden’s recipe of outlandish spending and higher taxes is robbing the American people and hurting the economy,” House Ways and Means Committee Chairman Jason Smith, R-Mo., said in a statement.
“The soaring cost of gas and groceries keeps killing family budgets – leaving Americans struggling to either pay rent or buy a house."
"The latest GDP report shows an economy sagging under the weight of failed economic policies."
"With prices continuing to rise and the Federal Reserve likely to keep interest rates at the highest levels in over 20 years, the American Dream is slipping out of reach for more families.”
Biden, though, has rebuffed criticism and pointed to his other economic wins, as The Center Square previously reported.
“Today’s report shows the American economy remains strong, with continued steady and stable growth,” Biden said in a statement last week.
“The economy has grown more since I took office than at this point in any presidential term in the last 25 years – including 3% growth over the last year – while unemployment has stayed below 4% for more than two years.”
https://www.msn.com/en-us/money/markets ... d1f6&ei=12