THE CAPE CHARLES MIRROR FEBRUARY 12, 2024 AT 11:17 AM
Paul Plante, VN 1969 says:
Speaking as a sane, rational, and responsible American citizen who is a distinguished, twice-wounded military combat veteran with more years on the planet than congresswoman Kiggans, and apparently, far more knowledge of history, I would say that we live in an increasingly dangerous world at a time when our nation is facing countless global threats precisely because of gross incompetence, downright idiocy, sheer stupidity, short-sightedness, shallow-thinking and extreme arrogance on the part of the occupants of the white house coupled with the members of the senate and house of representatives, all of whom reside in the Ten Miles Square of Washington, D.C. which was accurately described in the Cato IV political essay by Cato on November 8, 1787 as the place of residence for the president and the great officers of state, a president possessing the powers of a monarch, a place where one finds ambition with idleness, baseness with pride, the thirst of riches without labour (think Nancy Pelosi), aversion to truth, flattery, perfidy, and above all, the perpetual ridicule of virtue.
And the good congresswoman is surely attempting to gaslight us with her statement that her bipartisan legislation ensures that a National Security Council (NSC) consisting of the senile Joe Biden, who is now talking to dead people and can’t remember who Hamas is, along with Karmela Harris with her meaningless word salads, Tony Blinken, Lloyd Austin, Janet “TOODLES” Yellen, Jennifer Granholm, Merrick “THE GUTLESS” Garland, Alejandro Mayorkas, John “JACKIE BOY” Kerry, and John Podesta is some way preserves America’s national defense superiority.
We live in an increasingly dangerous world in large part because of the incompetence of those in the Ten Miles Square who try to rule the world, as if Washington, DC were the new Rome, which city also tried and failed to rule the world, and her bipartisan legislation, which leaves intact Joe Biden’s incompetent NSC will do absolutely nothing to ensure America remains capable of combating threats wherever and whenever they occur, as we can see by going back to a Huffington Post article titled “How to Lose to the Islamic State: Obama Administration Considers Deploying Troops to Iraq, Focusing on Assad in Syria” by Doug Bandow, Senior Fellow, the Cato Institute on November 30, 2014, where we have the roots of the conflicts in the Middle East America is facing today with Joe Biden and Tony Blinken and the idiot Jake Sullivan in charge of things, given the role they played back then in creating the mess in the first place, to wit:
In 2009 President Barack Obama received the Nobel Peace Prize before doing much of anything.
Since then he has initiated two wars, first in Libya and now in Iraq and Syria, and escalated another, in Afghanistan.
Alas, he has demonstrated that it is bad to start wars unnecessarily, but even worse to wage wars foolishly.
end quotes
And congresswoman Kiggans wonders why the world is an increasingly dangerous place!
Go figure, which takes us back to that article, keeping in mind that Joe Biden and Tony Blinken are also involved in that “administration,” to wit:
The administration appears to have lost its collective mind.
The president has added ground forces to the battle in Iraq and the military has suggested introducing thousands more.
His officials reportedly have decided to focus on overthrowing Syrian President Bashar al-Assad in the name of fighting the Islamic State.
It is hard to know which of these ideas is worse.
Defense Secretary Chuck Hagel may not have wanted to leave the Pentagon, but he might be lucky having been left at the curb.
The U.S. has been back at war in the Middle East for nearly three months.
The results have not been pretty.
The administration claims to have created a vast coalition of 60 nations, roughly 30 percent of the world’s countries.
Alas, as in the past the celebrated gaggle assembled by Washington turned out to be mostly a PR stunt.
The U.S. accounts for about 770 of the roughly 900 strikes on Iraq and Syria.
The Arab states have done little in the air and nothing afoot.
Only Iran, which Washington fears almost as much as ISIL, has put boots on the ground.
Most flagrantly AWOL is Turkey, which has tolerated radical fighters transiting through and even operating on its territory.
Many of the Islamic State’s combatants came from Turkey and ISIL has targeted Turkish territory for its caliphate.
Yet Turkey’s President Recep Tayyip Erdogan only cares about the ouster of Syrian President Bashar al-Assad, once a close friend.
And Erdogan expects the U.S. do the job for him.
Nor has the administration’s scattershot bombing campaign had much effect.
Iraq’s Baghdad has not fallen.
That was never likely, however.
Kurdistan’s Irbil remains in danger.
Syria’s Kobani is unconquered but in ruins, and thousands of its residents have fled.
The Islamic State quickly adjusted its tactics to minimize the vulnerability of its forces.
By one count U.S. strikes have killed 464 Islamic State personnel and 57 fighters for Jabhat al-Nusra, an al-Qaeda affiliate.
However, Washington’s intervention helped treble the estimated number of ISIL fighters to as many as 30,000 just a couple weeks into Obama’s war.
Moderate Syrian rebels, most notably the Harakat al-Hazm and Syrian Revolutionary Front, favored by the administration have been routed in that country’s north.
Many fighters defected or fled while abandoning their heavy weapons, including TOW anti-tank missiles and BM-21 Grad rockets, provided by Washington.
Deputy National Security Adviser Tony Blinken essentially admitted failure: “Unfortunately, every day there is going to be in some part of Iraq or some part of Syria, a community that is under siege, under attack, and is looking for help.”
“We can’t be every place, every time.”
end quotes
Yes, people, Tony admitted FAILURE, so what do our rocket scientists in Washington do about it?
THEY PROMOTE HIM TO SECRETARY OF STATE!
Going back to that history of stupidity and idiocy coming to us from Washington, DC, we have more as follows:
The Free Syrian Army, the biggest Western-oriented insurgent group, also is losing fighters, perhaps 3000 in the last few months, largely to al-Nusra.
This raises questions about how “moderate” the group actually is.
In fact, some of Assad’s opponents now are criticizing the U.S.
Former U.S. ambassador Robert Ford explained: “they are burning American flags because they think we are helping the regime instead of helping them.”
Residents of Raqaa, the ISIL stronghold bombed by American forces, blame Washington for higher food and fuel prices, as well as electricity outages.
Iraq’s Shiite majority has formed a new government — handing the Interior Ministry to a hardline Shia faction responsible for past atrocities against Sunni civilians.
Reconciliation remains a distant hope.
The army has made progress, though as much if not more by bringing in reliable troops from the south and leaning on Iranian assistance as by relying on the U.S.
President Obama hasn’t even sold his policy to his own aides.
One unnamed administration official told CNN: “It has been pretty clear for some time that supporting the moderate opposition in the hopes of toppling Assad, isn’t going to work.”
Some four months ago the administration announced that it planned to vet and train “moderate” insurgents; as yet not a single Syrian has been approved.
Once begun, that process will take three to five months, followed by eight to nine months of training.
Thus, it will be at least another year before the first U.S.-backed fighter emerges to do battle.
Moreover, reports recently emerged that the Islamic State and al-Nusra Front, long at odds, agreed to stop battling each other.
The pact appears to have grown out of a series of informal local ceasefires begun in October and envisions the two radical groups fighting together.
The administration’s plan for the “moderates” to defeat this strengthened radical axis and the Syrian government looks ever more fantastic.
Through everything the Islamic State is unbowed, accepting recruits, raising funds, slaughtering opponents, and launching attacks.
The administration appears to have created its own variant of the infamous quagmire: continuing, desultory warfare with little effect other than to suck America deeper into sectarian strife.
At the same time Washington is relieving Arab nations of the need to act in their own defense and making ever more enemies by intervening yet again in someone else’s quarrel.
The Islamic State’s Abu Bakr al-Baghdadi responded to the U.S. campaign with a call to “erupt volcanoes of jihad everywhere.”
So the administration apparently is rethinking its policy.
And preparing to make everything worse.
The president already has doubled U.S. boots on the ground, sending in another 1500 advisers to Iraq.
Gen. Martin Dempsey, Chairman of the Joint Chiefs of Staff, stated in September that as many as 15,000 U.S. troops might be needed for “a ground component to the campaign” to retake Iraqi and Syrian territory seized by ISIL.
Last week he said that the administration was considering sending American personnel to cooperate with Iraqi troops in the battle for Mosul and to guard that nation’s border.
As yet he didn’t “foresee a circumstance when it would be in our interest to take this fight on ourselves with a large military contingent.”
However, if, as is likely, the administration’s latest escalation has little effect, the administration will be under greater pressure with fewer options.
Already this is as much America’s as Iraq’s war, even though the Islamic State did not threaten the U.S.
And Baghdad holds the key to defeating ISIL: either reconcile with or free Iraq’s Sunnis.
The majority Shia must give the Sunni tribes and former Baathists who don’t want to live in the 7th century — the great majority of the population of Mosul and elsewhere in Anbar Province — an incentive to confront the Islamic State.
(Either federalism or independence would work.)
But Baghdad has little incentive to do so if it believes the U.S. will do the fighting instead.
Equally foolish, administration officials reportedly want to shift their focus to wrecking the most competent military force opposing ISIL: the Syrian army.
While escalating the conflict Obama officials have declared the Iraq-first approach to be “untenable.”
True, but not because America is not doing more.
Baghdad holds the key in Iraq, while policy in Syria is internally inconsistent.
Alistair Baskey, spokesman for the National Security Council, explained: “Alongside our efforts to isolate and sanction the Assad regime, we are working with our allies to strengthen the moderate opposition.”
The first is the strongest opponent of the Islamic State, while the latter spends most of its time attacking the first.
The president should not expect this policy to defeat anyone.
Yet the administration apparently is moving toward a Syria first strategy, based on the ouster of President Assad.
Proposed steps include accelerating aid to the “moderates” and establishing a no-fly zone along the Turkey-Syria border.
Rep. Ed Royce (R-Ca.), chairman of the House Foreign Affairs Committee, said he understood the proposal to be at least in part a response to pressure from Turkey and the Gulf States, which have funded radical forces in Syria against Assad and expect Washington to protect them from their folly.
On the record administration officials speak of a reappraisal as part of a constant review process.
Focusing on Damascus would be twice stupid.
First, it would mean essentially doubling down on the policy of supporting the weakest faction in Syria, whose members have been defecting to the radicals.
Second, it would entail targeting what today is the strongest force resisting the Islamic State.
A “moderate” victory against both jihadist and government forces is the least likely outcome.
Far more likely, U.S.-supplied insurgents would weaken the Assad regime, perhaps enough to contribute to an ISIL/al-Nusra victory.
Then the fun would really start, perhaps with mass beheadings in Damascus.
One reason Americans elected President Obama was their belief that he had learned from the Bush administration’s foolish misadventure in Iraq.
That hope faded when the president launched his own war against Libya’s Moammar Qaddafy, which also had disastrous consequences.
Now it appears that Sen. Obama’s famous speech denouncing the Iraq invasion reflected partisanship rather than prescience.
Barack Obama no less than George W. Bush believes in trying to bring peace to the Mideast through war.
The Islamic State is evil, but until now it was not interested in terrorizing Americans.
Rather, ISIL’s raison d’etre was establishing a Middle Eastern caliphate, or quasi-state, from the territory of several Middle Eastern countries which have large armies and para-militaries, and competent air forces.
The administration used the tragic but limited plight of the Yazidi people as an excuse to micro-manage an entire conflict-filled region.
As a result, the Obama policy could end up sacrificing the lives, wealth, and security of Americans for years to come.
Like a second marriage, Washington’s latest Middle Eastern excursion represents the triumph of hope over experience.
It is hard to point to a military intervention in the broader region which has worked well: Lebanon in 1983, Iraq almost continuously since 1990, Somalia in 1992, Afghanistan for more than 13 years starting in 2001, Libya in 2011.
Other forms of meddling have been scarcely more successful: drone warfare in Pakistan and Yemen, decades of financial, military, and diplomatic backing for Egypt, destruction of Iranian democracy in 1953, dismissal of Saudi-backed suppression of Bahrain’s Shia majority by its Sunni monarchy, and tepid support for Syria’s insurgents.
Virtually every U.S. action has resulted in a worse reaction, including by al-Qaeda and now the Islamic State — the latter but one of many ill consequences of the Iraq invasion.
Despite this extraordinary record, the administration would have us believe that it can simultaneously destroy ISIL, rid Iraq of sectarianism, replace Bashar al-Assad with a Syrian Thomas Jefferson, contain Iranian influence, and convince a gaggle of hostile Middle Eastern states to work together to further America’s ends.
The administration admits that it’s been tough going so far, but all we need to do now apparently is put more ground forces into Iraq and better target Assad.
President Obama told Americans in explaining his policy toward the Islamic State: “Keep in mind that this is something that we know how to do.”
Very badly.
It’s time he and others in Washington learned from past mistakes, which are almost too many to be numbered.
The first may be the most serious: the belief that the U.S. can transcend religion, history, ethnicity, tradition, politics, and geography and “fix” the Middle East.
America can’t.
It’s time to give up trying to do so.
end quotes
STUPID IS AS STUPID DOES, people!
And Washington, DC, the home of world stupidity, in its overweening arrogance, is incapable of learning that lesson, to our detriment, as it can’t even defend our own borders.
http://www.capecharlesmirror.com/oversi ... ent-899247
Just musings, is all
Re: Just musings, is all
THE CAPE CHARLES MIRROR, FEBRUARY 12, 2024 AT 11:37 PM
Paul Plante, VN 1969 says:
As a Viet Nam combat veteran, I still recall GOOD AMERICANS, GOOD PEOPLE, who were turned into the “RED MIST” in Viet Nam, which is what happens when a soldier steps on or sets off a powerful mine, or who were burned to death in falling helicopters, or were simply shot and killed, or who came back here so grief-stricken that they ended up taking their own lives, ALL FOR LIES given to us by WAR HAWKS and JINGOS in WASHINGTTON, D.C. like congresswoman Kiggans who have it in their arrogant heads that like Rome before her, America rules the world, when it can’t even govern itself, and while congresswoman Kiggans bleats and howls and moans about how dangerous the world has become, as if it weren’t dangerous two months ago, it is this country that she is responsible for that has become MORE DANGEROUS, thanks to Joe Biden and his NSC which is incompetent and stupid and undependable.
And while the world burns and America becomes more dangerous by the day, what is the head of the NSC doing?
Posting creepy photos of himself on X, formerly TWITTER, with laser beams shooting out of his head as if he were in fact a space alien of some kind, which from the picture he posted, he may well be:
https://twitter.com/JoeBiden/status/1756888470599967000
And here, let me go back in time for the benefit of congresswoman Kiggans, who should be one of the first ones in if we go to war, to an essay by another student of history like myself, he being West Virginia Senator Robert Byrd, to wit:
Robert Byrd: ‘I weep for my country’, Speech against Iraq invasion – 2003
19 March 2003, US Senate, Washington DC, USA
I believe in this beautiful country.
I have studied its roots and gloried in the wisdom of its magnificent Constitution.
I have marveled at the wisdom of its founders and framers.
Generation after generation of Americans has understood the lofty ideals that underlie our great Republic.
I have been inspired by the story of their sacrifice and their strength.
But, today I weep for my country.
I have watched the events of recent months with a heavy, heavy heart.
No more is the image of America one of strong, yet benevolent peacekeeper.
The image of America has changed.
Around the globe, our friends mistrust us, our word is disputed, our intentions are questioned.
Instead of reasoning with those with whom we disagree, we demand obedience or threaten recrimination.
Instead of isolating Saddam Hussein, we seem to have isolated ourselves.
We proclaim a new doctrine of preemption which is understood by few and feared by many.
We say that the United States has the right to turn its firepower on any corner of the globe which might be suspect in the war on terrorism.
We assert that right without the sanction of any international body.
As a result, the world has become a much more dangerous place.
We flaunt our superpower status with arrogance.
We treat U.N. Security Council members like ingrates who offend our princely dignity by lifting their heads from the carpet.
Valuable alliances are split.
After war has ended, the United States will have to rebuild much more than the country of Iraq.
We will have to rebuild America’s image around the globe.
The case this Administration tries to make to justify its fixation with war is tainted by charges of falsified documents and circumstantial evidence.
We cannot convince the world of the necessity of this war for one simple reason.
This is a war of choice.
There is no credible information to connect Saddam Hussein to 9/11.
The twin towers fell because a world-wide terrorist group, al-Qaida, with cells in over 60 nations, struck at our wealth and our influence by turning our own planes into missiles, one of which would likely have slammed into the dome of this beautiful Capitol except for the brave sacrifice of the passengers on board.
The brutality seen on September 11th and in other terrorist attacks we have witnessed around the globe are the violent and desperate efforts by extremists to stop the daily encroachment of western values upon their cultures.
That is what we fight.
It is a force not confined to borders.
It is a shadowy entity with many faces, many names, and many addresses.
But, this Administration has directed all of the anger, fear, and grief which emerged from the ashes of the twin towers and the twisted metal of the Pentagon towards a tangible villain, one we can see and hate and attack.
And villain he is.
But, he is the wrong villain.
And this is the wrong war.
If we attack Saddam Hussein, we will probably drive him from power.
But, the zeal of our friends to assist our global war on terrorism may have already taken flight.
The general unease surrounding this war is not just due to “orange alert.”
There is a pervasive sense of rush and risk and too many questions unanswered.
How long will we be in Iraq?
What will be the cost?
What is the ultimate mission?
How great is the danger at home?
A pall has fallen over the Senate Chamber.
We avoid our solemn duty to debate the one topic on the minds of all Americans, even while scores of thousands of our sons and daughters faithfully do their duty in Iraq.
What is happening to this country?
When did we become a nation which ignores and berates our friends?
When did we decide to risk undermining international order by adopting a radical and doctrinaire approach to using our awesome military might?
How can we abandon diplomatic efforts when the turmoil in the world cries out for diplomacy?
Why can this President not seem to see that America’s true power lies not in its will to intimidate, but in its ability to inspire?
War appears inevitable.
But, I continue to hope that the cloud will lift.
Perhaps Saddam will yet turn tail and run.
Perhaps reason will somehow still prevail.
I along with millions of Americans will pray for the safety of our troops, for the innocent civilians in Iraq, and for the security of our homeland.
May God continue to bless the United States of America in the troubled days ahead, and may we somehow recapture the vision which for the present eludes us.
Source: http://www.salon.com/2008/03/19/byrd/
http://www.capecharlesmirror.com/oversi ... ent-899372
Paul Plante, VN 1969 says:
As a Viet Nam combat veteran, I still recall GOOD AMERICANS, GOOD PEOPLE, who were turned into the “RED MIST” in Viet Nam, which is what happens when a soldier steps on or sets off a powerful mine, or who were burned to death in falling helicopters, or were simply shot and killed, or who came back here so grief-stricken that they ended up taking their own lives, ALL FOR LIES given to us by WAR HAWKS and JINGOS in WASHINGTTON, D.C. like congresswoman Kiggans who have it in their arrogant heads that like Rome before her, America rules the world, when it can’t even govern itself, and while congresswoman Kiggans bleats and howls and moans about how dangerous the world has become, as if it weren’t dangerous two months ago, it is this country that she is responsible for that has become MORE DANGEROUS, thanks to Joe Biden and his NSC which is incompetent and stupid and undependable.
And while the world burns and America becomes more dangerous by the day, what is the head of the NSC doing?
Posting creepy photos of himself on X, formerly TWITTER, with laser beams shooting out of his head as if he were in fact a space alien of some kind, which from the picture he posted, he may well be:
https://twitter.com/JoeBiden/status/1756888470599967000
And here, let me go back in time for the benefit of congresswoman Kiggans, who should be one of the first ones in if we go to war, to an essay by another student of history like myself, he being West Virginia Senator Robert Byrd, to wit:
Robert Byrd: ‘I weep for my country’, Speech against Iraq invasion – 2003
19 March 2003, US Senate, Washington DC, USA
I believe in this beautiful country.
I have studied its roots and gloried in the wisdom of its magnificent Constitution.
I have marveled at the wisdom of its founders and framers.
Generation after generation of Americans has understood the lofty ideals that underlie our great Republic.
I have been inspired by the story of their sacrifice and their strength.
But, today I weep for my country.
I have watched the events of recent months with a heavy, heavy heart.
No more is the image of America one of strong, yet benevolent peacekeeper.
The image of America has changed.
Around the globe, our friends mistrust us, our word is disputed, our intentions are questioned.
Instead of reasoning with those with whom we disagree, we demand obedience or threaten recrimination.
Instead of isolating Saddam Hussein, we seem to have isolated ourselves.
We proclaim a new doctrine of preemption which is understood by few and feared by many.
We say that the United States has the right to turn its firepower on any corner of the globe which might be suspect in the war on terrorism.
We assert that right without the sanction of any international body.
As a result, the world has become a much more dangerous place.
We flaunt our superpower status with arrogance.
We treat U.N. Security Council members like ingrates who offend our princely dignity by lifting their heads from the carpet.
Valuable alliances are split.
After war has ended, the United States will have to rebuild much more than the country of Iraq.
We will have to rebuild America’s image around the globe.
The case this Administration tries to make to justify its fixation with war is tainted by charges of falsified documents and circumstantial evidence.
We cannot convince the world of the necessity of this war for one simple reason.
This is a war of choice.
There is no credible information to connect Saddam Hussein to 9/11.
The twin towers fell because a world-wide terrorist group, al-Qaida, with cells in over 60 nations, struck at our wealth and our influence by turning our own planes into missiles, one of which would likely have slammed into the dome of this beautiful Capitol except for the brave sacrifice of the passengers on board.
The brutality seen on September 11th and in other terrorist attacks we have witnessed around the globe are the violent and desperate efforts by extremists to stop the daily encroachment of western values upon their cultures.
That is what we fight.
It is a force not confined to borders.
It is a shadowy entity with many faces, many names, and many addresses.
But, this Administration has directed all of the anger, fear, and grief which emerged from the ashes of the twin towers and the twisted metal of the Pentagon towards a tangible villain, one we can see and hate and attack.
And villain he is.
But, he is the wrong villain.
And this is the wrong war.
If we attack Saddam Hussein, we will probably drive him from power.
But, the zeal of our friends to assist our global war on terrorism may have already taken flight.
The general unease surrounding this war is not just due to “orange alert.”
There is a pervasive sense of rush and risk and too many questions unanswered.
How long will we be in Iraq?
What will be the cost?
What is the ultimate mission?
How great is the danger at home?
A pall has fallen over the Senate Chamber.
We avoid our solemn duty to debate the one topic on the minds of all Americans, even while scores of thousands of our sons and daughters faithfully do their duty in Iraq.
What is happening to this country?
When did we become a nation which ignores and berates our friends?
When did we decide to risk undermining international order by adopting a radical and doctrinaire approach to using our awesome military might?
How can we abandon diplomatic efforts when the turmoil in the world cries out for diplomacy?
Why can this President not seem to see that America’s true power lies not in its will to intimidate, but in its ability to inspire?
War appears inevitable.
But, I continue to hope that the cloud will lift.
Perhaps Saddam will yet turn tail and run.
Perhaps reason will somehow still prevail.
I along with millions of Americans will pray for the safety of our troops, for the innocent civilians in Iraq, and for the security of our homeland.
May God continue to bless the United States of America in the troubled days ahead, and may we somehow recapture the vision which for the present eludes us.
Source: http://www.salon.com/2008/03/19/byrd/
http://www.capecharlesmirror.com/oversi ... ent-899372
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 13, 2024 AT 10:15 PM
Paul Plante says:
And as American DICTATOR Joseph Robinette Biden, Junior, who just posted a photo of himself on X, formerly TWITTER, with laser beams shooting out of his head, which picture ( https://twitter.com/JoeBiden/status/1756888470599967000 ) alone should serve to scare the living crap right out of the Iranians and the Huthis and all those militias in Iraqinam and Syria who are among Joe’s many enemies and have them trembling in fear while groveling at Joe’s feet and begging for mercy, it is indeed that scary looking, takes us closer and closer to war in the Middle East in a bid to make Joe a WAR PRESIDENT so it would be imperative that Joe should be re-elected, since we should not change WAR LEADERS in the middle of a war they created, as was the case with small Bush during the second Iraqinam war, Time had an interesting and insightful article on the subject of Joe’s WAR OF CHOICE in the Middle East, where he hopes he has finally found some poorly-armed Tenth Century tribesmen he stands a chance of actually beating, titled “The U.S. Navy Is Sinking in Middle East Sand” by Gil Barndollar on 13 February 2024, where we have as follows on that serious subject, given how short-sighted and shallow-thinking the senile Joe Biden, who lashes out right and left like a blind rattlesnake with his so-called “military might, really is, to wit:
The U.S. has a range of options for dealing with Yemen’s Houthis, none of them good.
But a long campaign of naval strikes and interception against them, as is now being floated by the Biden Administration and outside experts, is certainly the worst response of all.
end quotes
Which of course is why we can expect Joe Biden, who has never fought in a war, being a SKULKER during the Viet Nam war, or won a war (think Afghanistnam) in his entire life, to go that route, because it is stupid, which takes us back to the article, to wit:
That’s because it means the U.S. Navy continuing to sink into Middle East sand for an unachievable goal all while losing ground in the far-more important Pacific.
end quotes
Except Joe and his WORTHLESS National Security Council consisting of him, Karmela Harris with her meaningless word salads and Venn diagrams and yellow school buses, Tony Blinken, Lloyd Austin, Janet “TOODLES” Yellen, Jennifer Granholm, Merrick “THE GUTLESS” Garland, Alejandro Mayorkas, John “JACKIE BOY” Kerry, and John Podesta don’t know the goal is unachievable, and so will believe the opposite, which again takes us back for more, to wit:
Houthi attacks on Red Sea shipping have summoned Tomahawk cruise missiles and Top Gun pilots from the deck of the USS Eisenhower.
The newly-renamed Operation Poseidon Archer is just two weeks old, and the Biden Administration is already drawing up plans for a longer effort, despite admitting that defeating the Houthis is not viable.
There is a risk of escalation in the Middle East, especially with the death of three U.S. soldiers after a drone strike in Jordan.
But the effects on the U.S. Navy will be predictable, because they have all happened before: overworked ships and sailors, expenditure of precious precision munitions, and a continued punt on the pivot to the Pacific.
The nuclear-powered aircraft carrier is the crown jewel of American military might.
Its 5,000 sailors and 90 jet-strike aircraft can guarantee sustained ship-to-shore pummeling of adversaries and the purported deterrence this provides — in effect modern gunboat diplomacy.
In any geopolitical crisis, it’s said the U.S. President will demand to know where the carriers are.
For the past two decades, throughout the “Global War on Terror” (GWOT), the answer has usually been the Middle East.
From 2001 to 2015, United States Central Command (CENTCOM), which includes North Africa, the Middle East, and Central Asia, had at least one carrier assigned at all times.
As late as 2020, the Middle East drew almost as much carrier presence as the entire Pacific.
Because of this relentless demand, carriers often have their deployments extended or are “double-pumped,” conducting back-to-back deployments without a major maintenance period in between.
The last three carriers deployed in the Mediterranean were all extended: the USS Gerald R. Ford was at sea for 239 days, the USS Harry S. Truman for 285, and the USS George H. W. Bush for 257.
This overwork has consequences.
After the USS Dwight D. Eisenhower did two sets of double pumps, its subsequent 14-month maintenance period ballooned to 23 months because of wear and tear.
The utility and survivability of carriers in a major war are also in question.
In 1982, the legendary Admiral Hyman Rickover stunned Congress by testifying that in a war with the Soviet Union, U.S. aircraft carriers would survive for “48 hours.”
In the four decades since, the carrier’s vulnerability has dramatically increased.
Anti-ship missiles have become far more accurate and long-ranged since Rickover’s testimony, as the unrefueled range of an aircraft carrier’s air wing has shrunk from well over 1,000 nautical miles to barely 600 now.
This leaves carrier commanders with two unpalatable options: stay out of enemy range but become operationally irrelevant or sail close enough but put a $13 billion vessel and its 5,000 sailors at risk.
The narrow waters of the Persian Gulf and chokepoints like the Strait of Hormuz and Yemen’s Bab-el Mandeb only magnify this dilemma.
Yet the overworked carrier fleet and questions about its utility in a major war are only part of the larger problem of U.S. naval overstretch.
Since the September 11, 2001 attacks, the U.S. Navy has become addicted to global “presence” as a demonstration of its value to the nation.
Over the past two decades, the Army and Marine Corps could point to their efforts, successful or not, on the battlefields of Iraq and Afghanistan.
To maintain its status and budget, the Navy also needed to contribute, at sea and ashore.
With the all-volunteer military stretched to the breaking point, the Pentagon started looking to the Navy to step in.
Some 120,000 sailors would go on to serve on land during the GWOT.
Many of these sailors, especially the reservists who are critical in any major war, have become “sailors in name only,” their naval proficiencies and mindset atrophying due to prolonged service ashore.
All of this significantly strained U.S. naval manpower, causing ships to deploy undermanned and for longer durations.
The Navy’s overstretch may have also contributed to a pair of tragic accidents.
In 2017, a pair of Navy destroyers, the USS McCain and the USS Fitzgerald, collided with civilian ships in the Pacific in separate incidents, killing 17 sailors.
A report on the collisions found that rest and training were sacrificed for naval presence.
One of the Navy’s most senior retired enlisted sailors, Fleet Master Chief Petty Officer Paul Kingsbury, explicitly blamed the Navy’s GWOT augmentation program for the degraded safety culture that led to the McCain and Fitzgerald disasters.
The future looks grim for the overworked fleet.
Like the rest of the U.S. military, the Navy is facing an unprecedented recruiting crisis, fueled in part by fatigue from time away from home during extended deployments.
In an all-volunteer force, sailors will vote with their feet.
A shrinking fleet is the likely outcome, regardless of how many warships America has.
The most immediate danger of overstretch, though, is munitions not manpower.
The opening Jan. 12 strike on the Houthis expended 80 Tomahawk Land Attack Missiles, more than half the missile’s annual production.
In the near term, expending hundreds of these missiles in a tertiary operation like Prosperity Guardian could have major impacts in a far more important theater in the Pacific.
Precision strike missiles like the Tomahawk are vital to the U.S. military’s ability to deter, and if necessary, defeat a Chinese attack in the Pacific — a contingency where the Navy will be carrying most of the fight, unlike in America’s Middle East wars.
The U.S. may already lack sufficient precision munitions for a shooting war with China.
The Navy’s newest Middle East operation adds further risk to the service’s most essential mission.
On September 10, 2001, the U.S. was the unchallenged global superpower, with naval preeminence as the bedrock of American military dominance.
The U.S. Navy outgunned China’s People’s Liberation Army Navy (PLAN) by more than 100 warships.
China had no aircraft carriers and just 21 diesel submarines.
Some 20 years later, America’s sailors look out at a different world.
PLAN is now the world’s largest navy (though the U.S. Navy still boasts more tonnage).
China’s third aircraft carrier, Fujian, is nearing its sea trials.
In the time since the U.S. invaded Afghanistan, PLAN has commissioned 313 ships.
Recent wargames suggest the U.S. Navy would struggle mightily to defeat a Chinese fleet that was an afterthought just two decades ago.
The future trajectory is even worse: Chinese shipbuilding capacity now exceeds that of the U.S. by a factor of 200, according to unclassified data from the Office of Naval Intelligence.
Rebuilding the U.S. Navy is a long-term project that has barely begun, despite lip service from both political parties for years.
Ships, to say nothing of shipyards, are not built overnight.
Lost time and lost opportunities cannot be recovered.
But the U.S. can stop digging its navy into a deeper hole through Middle East-driven overwork of ships and sailors.
Fixing the fleet requires snapping the CENTCOM noose as quickly as possible.
end quotes
And that, people, is not going to happen!
ANOTHER BIDEN QUAGMIRE WILL BE THE RESULT INSTEAD!
http://www.capecharlesmirror.com/paul-p ... ent-899597
Paul Plante says:
And as American DICTATOR Joseph Robinette Biden, Junior, who just posted a photo of himself on X, formerly TWITTER, with laser beams shooting out of his head, which picture ( https://twitter.com/JoeBiden/status/1756888470599967000 ) alone should serve to scare the living crap right out of the Iranians and the Huthis and all those militias in Iraqinam and Syria who are among Joe’s many enemies and have them trembling in fear while groveling at Joe’s feet and begging for mercy, it is indeed that scary looking, takes us closer and closer to war in the Middle East in a bid to make Joe a WAR PRESIDENT so it would be imperative that Joe should be re-elected, since we should not change WAR LEADERS in the middle of a war they created, as was the case with small Bush during the second Iraqinam war, Time had an interesting and insightful article on the subject of Joe’s WAR OF CHOICE in the Middle East, where he hopes he has finally found some poorly-armed Tenth Century tribesmen he stands a chance of actually beating, titled “The U.S. Navy Is Sinking in Middle East Sand” by Gil Barndollar on 13 February 2024, where we have as follows on that serious subject, given how short-sighted and shallow-thinking the senile Joe Biden, who lashes out right and left like a blind rattlesnake with his so-called “military might, really is, to wit:
The U.S. has a range of options for dealing with Yemen’s Houthis, none of them good.
But a long campaign of naval strikes and interception against them, as is now being floated by the Biden Administration and outside experts, is certainly the worst response of all.
end quotes
Which of course is why we can expect Joe Biden, who has never fought in a war, being a SKULKER during the Viet Nam war, or won a war (think Afghanistnam) in his entire life, to go that route, because it is stupid, which takes us back to the article, to wit:
That’s because it means the U.S. Navy continuing to sink into Middle East sand for an unachievable goal all while losing ground in the far-more important Pacific.
end quotes
Except Joe and his WORTHLESS National Security Council consisting of him, Karmela Harris with her meaningless word salads and Venn diagrams and yellow school buses, Tony Blinken, Lloyd Austin, Janet “TOODLES” Yellen, Jennifer Granholm, Merrick “THE GUTLESS” Garland, Alejandro Mayorkas, John “JACKIE BOY” Kerry, and John Podesta don’t know the goal is unachievable, and so will believe the opposite, which again takes us back for more, to wit:
Houthi attacks on Red Sea shipping have summoned Tomahawk cruise missiles and Top Gun pilots from the deck of the USS Eisenhower.
The newly-renamed Operation Poseidon Archer is just two weeks old, and the Biden Administration is already drawing up plans for a longer effort, despite admitting that defeating the Houthis is not viable.
There is a risk of escalation in the Middle East, especially with the death of three U.S. soldiers after a drone strike in Jordan.
But the effects on the U.S. Navy will be predictable, because they have all happened before: overworked ships and sailors, expenditure of precious precision munitions, and a continued punt on the pivot to the Pacific.
The nuclear-powered aircraft carrier is the crown jewel of American military might.
Its 5,000 sailors and 90 jet-strike aircraft can guarantee sustained ship-to-shore pummeling of adversaries and the purported deterrence this provides — in effect modern gunboat diplomacy.
In any geopolitical crisis, it’s said the U.S. President will demand to know where the carriers are.
For the past two decades, throughout the “Global War on Terror” (GWOT), the answer has usually been the Middle East.
From 2001 to 2015, United States Central Command (CENTCOM), which includes North Africa, the Middle East, and Central Asia, had at least one carrier assigned at all times.
As late as 2020, the Middle East drew almost as much carrier presence as the entire Pacific.
Because of this relentless demand, carriers often have their deployments extended or are “double-pumped,” conducting back-to-back deployments without a major maintenance period in between.
The last three carriers deployed in the Mediterranean were all extended: the USS Gerald R. Ford was at sea for 239 days, the USS Harry S. Truman for 285, and the USS George H. W. Bush for 257.
This overwork has consequences.
After the USS Dwight D. Eisenhower did two sets of double pumps, its subsequent 14-month maintenance period ballooned to 23 months because of wear and tear.
The utility and survivability of carriers in a major war are also in question.
In 1982, the legendary Admiral Hyman Rickover stunned Congress by testifying that in a war with the Soviet Union, U.S. aircraft carriers would survive for “48 hours.”
In the four decades since, the carrier’s vulnerability has dramatically increased.
Anti-ship missiles have become far more accurate and long-ranged since Rickover’s testimony, as the unrefueled range of an aircraft carrier’s air wing has shrunk from well over 1,000 nautical miles to barely 600 now.
This leaves carrier commanders with two unpalatable options: stay out of enemy range but become operationally irrelevant or sail close enough but put a $13 billion vessel and its 5,000 sailors at risk.
The narrow waters of the Persian Gulf and chokepoints like the Strait of Hormuz and Yemen’s Bab-el Mandeb only magnify this dilemma.
Yet the overworked carrier fleet and questions about its utility in a major war are only part of the larger problem of U.S. naval overstretch.
Since the September 11, 2001 attacks, the U.S. Navy has become addicted to global “presence” as a demonstration of its value to the nation.
Over the past two decades, the Army and Marine Corps could point to their efforts, successful or not, on the battlefields of Iraq and Afghanistan.
To maintain its status and budget, the Navy also needed to contribute, at sea and ashore.
With the all-volunteer military stretched to the breaking point, the Pentagon started looking to the Navy to step in.
Some 120,000 sailors would go on to serve on land during the GWOT.
Many of these sailors, especially the reservists who are critical in any major war, have become “sailors in name only,” their naval proficiencies and mindset atrophying due to prolonged service ashore.
All of this significantly strained U.S. naval manpower, causing ships to deploy undermanned and for longer durations.
The Navy’s overstretch may have also contributed to a pair of tragic accidents.
In 2017, a pair of Navy destroyers, the USS McCain and the USS Fitzgerald, collided with civilian ships in the Pacific in separate incidents, killing 17 sailors.
A report on the collisions found that rest and training were sacrificed for naval presence.
One of the Navy’s most senior retired enlisted sailors, Fleet Master Chief Petty Officer Paul Kingsbury, explicitly blamed the Navy’s GWOT augmentation program for the degraded safety culture that led to the McCain and Fitzgerald disasters.
The future looks grim for the overworked fleet.
Like the rest of the U.S. military, the Navy is facing an unprecedented recruiting crisis, fueled in part by fatigue from time away from home during extended deployments.
In an all-volunteer force, sailors will vote with their feet.
A shrinking fleet is the likely outcome, regardless of how many warships America has.
The most immediate danger of overstretch, though, is munitions not manpower.
The opening Jan. 12 strike on the Houthis expended 80 Tomahawk Land Attack Missiles, more than half the missile’s annual production.
In the near term, expending hundreds of these missiles in a tertiary operation like Prosperity Guardian could have major impacts in a far more important theater in the Pacific.
Precision strike missiles like the Tomahawk are vital to the U.S. military’s ability to deter, and if necessary, defeat a Chinese attack in the Pacific — a contingency where the Navy will be carrying most of the fight, unlike in America’s Middle East wars.
The U.S. may already lack sufficient precision munitions for a shooting war with China.
The Navy’s newest Middle East operation adds further risk to the service’s most essential mission.
On September 10, 2001, the U.S. was the unchallenged global superpower, with naval preeminence as the bedrock of American military dominance.
The U.S. Navy outgunned China’s People’s Liberation Army Navy (PLAN) by more than 100 warships.
China had no aircraft carriers and just 21 diesel submarines.
Some 20 years later, America’s sailors look out at a different world.
PLAN is now the world’s largest navy (though the U.S. Navy still boasts more tonnage).
China’s third aircraft carrier, Fujian, is nearing its sea trials.
In the time since the U.S. invaded Afghanistan, PLAN has commissioned 313 ships.
Recent wargames suggest the U.S. Navy would struggle mightily to defeat a Chinese fleet that was an afterthought just two decades ago.
The future trajectory is even worse: Chinese shipbuilding capacity now exceeds that of the U.S. by a factor of 200, according to unclassified data from the Office of Naval Intelligence.
Rebuilding the U.S. Navy is a long-term project that has barely begun, despite lip service from both political parties for years.
Ships, to say nothing of shipyards, are not built overnight.
Lost time and lost opportunities cannot be recovered.
But the U.S. can stop digging its navy into a deeper hole through Middle East-driven overwork of ships and sailors.
Fixing the fleet requires snapping the CENTCOM noose as quickly as possible.
end quotes
And that, people, is not going to happen!
ANOTHER BIDEN QUAGMIRE WILL BE THE RESULT INSTEAD!
http://www.capecharlesmirror.com/paul-p ... ent-899597
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 14, 2024 AT 10:11 PM
Paul Plante says:
And while American DICTATOR Joseph Robinette Biden, Junior is posting photos of himself on X, formerly TWITTER, with laser beams shooting out of his head ( https://twitter.com/JoeBiden/status/1756888470599967000 ) in what I consider to be a vain effort to scare the living crap right out of the Iranians and the Huthis and all those militias in Iraqinam and Syria who are among Joe’s many enemies and have them trembling in fear while groveling at Joe’s feet and begging for mercy, as he tries to stoke a new war in the Middle East where he hopes he has finally found some poorly-armed Tenth Century tribesmen he stands a chance of actually beating in a bid to make Joe a WAR PRESIDENT so that it would be imperative that Joe should be re-elected, since we should not change WAR LEADERS in the middle of a war they created, as was the case with small Bush during the second Iraqinam war, let’s take a look at the CHAOS Joe is creating here with our economy, thanks to Joe’s war efforts which are escalating tensions in the Middle East, coupled with BIDENFLATION in this country as a result of BIDE-O-NOMICS by going to Rigzone on February 13, 2024, where we see that West Texas Intermediate rose 1.2% to settle near $78 a barrel, pushing past its 200-day moving average of about $77.40, which raises the possibility of additional upward momentum, which of course will impact the price of gasoline as we head further and further into the SILLY SEASON leading up to November and the presidential elections.
And according to a CNBC article titled “10-year Treasury yield shoots higher as January CPI is hotter than expected” by Lisa Kailai Han, Alex Harring and Karen Gilchrist on February 13, 2024, thanks to BIDENFLATION, the yield on the 10-year Treasury note added 15 basis points to 4.32%, while the yield on the 2-year Treasury climbed 19 basis points to 4.664%, while Tuesday’s data on BIDENFLATION added to doubts that the federal reserve would be able to lower the cost of borrowing several times this year, which has been a centerpiece of equity market bullishness in recent months, with Skyler Weinand, chief investment officer at Regan Capital telling us, “Bond yields have not peaked and we believe that a 10-year Treasury yield with a 5-handle is more likely than a 3-handle in 2024,” because “Persistent inflation, full employment and strong growth may delay the Fed’s rate cuts.”
With respect to BIDENFLATION, food prices moved higher, while real weekly earnings fell 0.3%, and electricity costs rose 1.2%, despite Joe Biden and his team of morons telling us that Joe’s GREEN ENERGY using windmills and solar panels was going to make electricity cheaper, not more expensive as is the case.
Which takes us to a Reuters article titled “Wall St ends sharply lower as hot inflation sparks sell-off” by Johann M Cherian, Ankika Biswas and Carolina Mandl on February 13, 2024, where we see that thanks to BIDE-O-NOMICS, Wall Street’s main indexes tumbled after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving U.S. Treasury yields higher with the result that the Dow Jones Industrial Average posted its biggest one-day percentage drop in nearly 11 months, with the S&P 500 losing 68.14 points, while the Nasdaq Composite lost 282.64 points, and the Dow Jones Industrial Average fell 522.05 points.
Another Reuters article titled “Rising rents push US inflation higher; rate cuts still expected in 2024” by Lucia Mutikani on February 13, 2024 informed us that grocery food inflation increased 0.4%, the largest gain since January 2023, boosted by more expensive sugar and sweets as well as fats and oils, fruits and vegetables, with prices for hotel and motel rooms rebounding as did those for airline fares in January while motor vehicle insurance prices increased further, and medical care services increased 0.7%, with the cost of hospital services surging 1.6%, the most since October 2015, and the cost of health insurance also rose solidly.
So much for OBAMACARE making health insurance less expensive, which was always a BULL**** empty political claim.
And then we drop back a day to February 12, 2024 and another Reuters article where we learn that for the first four months of the fiscal year, the deficit rose $72 billion, or 16%, to $532 billion as costs to service the national debt rose, as did outlays for Social Security, Medicare and military programs related to Joe’s war mongering in the Middle East, with the Treasury’s interest cost on the public debt growing $18 billion, or 35%, in January compared to a year earlier due to a higher weighted average interest rate now at 3.15%, as well as higher debt levels, so that for the fiscal year to date, debt interest costs were up $96 billion, or 37%, to $357 billion, outpacing outlays for Medicare, as the Treasury also reported higher costs for military programs due to expenditures for military personnel operations and maintenance, so that for the first four months of fiscal 2024, those were up $32 billion, or 13%, to $283 billion.
So besides posting photos of himself with laser beams shooting out of his head as if he were some kind of space alien with superhuman powers, what is Joe doing about all that ECONOMIC CHAOS his misguided policies have created?
According to an article by AS USA titled “President Biden calls for an end to ‘shrinkflation’” by Jeffrey May on February 12, 2024, in a pre-Super Bowl video release by the White House’s social media team, Joe is calling on companies to put an end to “shrinkflation,” as if this mess Joe has created were their fault and not his, which message from Joe to the people of America about SHRINKFLATION, the cause of all our misery and woes can be viewed here:
https://twitter.com/POTUS/status/1756713597864988940
And off to a break for station identification we go, and when we return, it will be to discuss SHOCK AND AWE as Joe’s VIOLENCE CAMPAIGN in the Middle East gets underway, so stay tuned and don’t touch that dial!
http://www.capecharlesmirror.com/paul-p ... ent-899900
Paul Plante says:
And while American DICTATOR Joseph Robinette Biden, Junior is posting photos of himself on X, formerly TWITTER, with laser beams shooting out of his head ( https://twitter.com/JoeBiden/status/1756888470599967000 ) in what I consider to be a vain effort to scare the living crap right out of the Iranians and the Huthis and all those militias in Iraqinam and Syria who are among Joe’s many enemies and have them trembling in fear while groveling at Joe’s feet and begging for mercy, as he tries to stoke a new war in the Middle East where he hopes he has finally found some poorly-armed Tenth Century tribesmen he stands a chance of actually beating in a bid to make Joe a WAR PRESIDENT so that it would be imperative that Joe should be re-elected, since we should not change WAR LEADERS in the middle of a war they created, as was the case with small Bush during the second Iraqinam war, let’s take a look at the CHAOS Joe is creating here with our economy, thanks to Joe’s war efforts which are escalating tensions in the Middle East, coupled with BIDENFLATION in this country as a result of BIDE-O-NOMICS by going to Rigzone on February 13, 2024, where we see that West Texas Intermediate rose 1.2% to settle near $78 a barrel, pushing past its 200-day moving average of about $77.40, which raises the possibility of additional upward momentum, which of course will impact the price of gasoline as we head further and further into the SILLY SEASON leading up to November and the presidential elections.
And according to a CNBC article titled “10-year Treasury yield shoots higher as January CPI is hotter than expected” by Lisa Kailai Han, Alex Harring and Karen Gilchrist on February 13, 2024, thanks to BIDENFLATION, the yield on the 10-year Treasury note added 15 basis points to 4.32%, while the yield on the 2-year Treasury climbed 19 basis points to 4.664%, while Tuesday’s data on BIDENFLATION added to doubts that the federal reserve would be able to lower the cost of borrowing several times this year, which has been a centerpiece of equity market bullishness in recent months, with Skyler Weinand, chief investment officer at Regan Capital telling us, “Bond yields have not peaked and we believe that a 10-year Treasury yield with a 5-handle is more likely than a 3-handle in 2024,” because “Persistent inflation, full employment and strong growth may delay the Fed’s rate cuts.”
With respect to BIDENFLATION, food prices moved higher, while real weekly earnings fell 0.3%, and electricity costs rose 1.2%, despite Joe Biden and his team of morons telling us that Joe’s GREEN ENERGY using windmills and solar panels was going to make electricity cheaper, not more expensive as is the case.
Which takes us to a Reuters article titled “Wall St ends sharply lower as hot inflation sparks sell-off” by Johann M Cherian, Ankika Biswas and Carolina Mandl on February 13, 2024, where we see that thanks to BIDE-O-NOMICS, Wall Street’s main indexes tumbled after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving U.S. Treasury yields higher with the result that the Dow Jones Industrial Average posted its biggest one-day percentage drop in nearly 11 months, with the S&P 500 losing 68.14 points, while the Nasdaq Composite lost 282.64 points, and the Dow Jones Industrial Average fell 522.05 points.
Another Reuters article titled “Rising rents push US inflation higher; rate cuts still expected in 2024” by Lucia Mutikani on February 13, 2024 informed us that grocery food inflation increased 0.4%, the largest gain since January 2023, boosted by more expensive sugar and sweets as well as fats and oils, fruits and vegetables, with prices for hotel and motel rooms rebounding as did those for airline fares in January while motor vehicle insurance prices increased further, and medical care services increased 0.7%, with the cost of hospital services surging 1.6%, the most since October 2015, and the cost of health insurance also rose solidly.
So much for OBAMACARE making health insurance less expensive, which was always a BULL**** empty political claim.
And then we drop back a day to February 12, 2024 and another Reuters article where we learn that for the first four months of the fiscal year, the deficit rose $72 billion, or 16%, to $532 billion as costs to service the national debt rose, as did outlays for Social Security, Medicare and military programs related to Joe’s war mongering in the Middle East, with the Treasury’s interest cost on the public debt growing $18 billion, or 35%, in January compared to a year earlier due to a higher weighted average interest rate now at 3.15%, as well as higher debt levels, so that for the fiscal year to date, debt interest costs were up $96 billion, or 37%, to $357 billion, outpacing outlays for Medicare, as the Treasury also reported higher costs for military programs due to expenditures for military personnel operations and maintenance, so that for the first four months of fiscal 2024, those were up $32 billion, or 13%, to $283 billion.
So besides posting photos of himself with laser beams shooting out of his head as if he were some kind of space alien with superhuman powers, what is Joe doing about all that ECONOMIC CHAOS his misguided policies have created?
According to an article by AS USA titled “President Biden calls for an end to ‘shrinkflation’” by Jeffrey May on February 12, 2024, in a pre-Super Bowl video release by the White House’s social media team, Joe is calling on companies to put an end to “shrinkflation,” as if this mess Joe has created were their fault and not his, which message from Joe to the people of America about SHRINKFLATION, the cause of all our misery and woes can be viewed here:
https://twitter.com/POTUS/status/1756713597864988940
And off to a break for station identification we go, and when we return, it will be to discuss SHOCK AND AWE as Joe’s VIOLENCE CAMPAIGN in the Middle East gets underway, so stay tuned and don’t touch that dial!
http://www.capecharlesmirror.com/paul-p ... ent-899900
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 15, 2024 AT 6:56 PM
Paul Plante says:
So, yes, people, SHOCK AND AWE as Joe’s VIOLENCE CAMPAIGN in the Middle East gets underway, with Joe even conducting strikes using B-1 bombers, originally designed for low-level penetration during the Cold War, on Iran proxy militia targets in Syria and Iraq, as Joe, the COMMANDER-IN-CHIEF of our entire military, from top to bottom and from the middle out, as well as the HEAD or TOP DOG as that leader is called of the NATIONAL SECURITY COUNCIL, which consists of Joe, who according to the Daily Mail on February 14, 2024, after defending his memory against claims that he couldn’t even remember when his beloved son died, he lost the news cycle by referring to the Egyptian president as the “president of Mexico,” and Karmela Harris with her meaningless word salads and Venn diagrams and yellow school buses along with the hapless and clueless Tony Blinken, Lloyd Austin, Janet “TOODLES” Yellen, Jennifer Granholm, Merrick “THE GUTLESS” Garland, Alejandro Mayorkas, John “JACKIE BOY” Kerry, and John Podesta, plans a multi-layered campaign against these militias, relying on airpower for containment and punishment, which in the end is pure political BULL****, because it has never worked before and won’t work now.
Consider how many tons of bombs were dropped during Operation Rolling Thunder on March 2, 1965, when the USAF began a systematic bombing campaign against North Vietnam named ROLLING THUNDER which idiot planners in Washington, D.C. HOPED would provide a morale boost to South Vietnamese forces and interdict the flow of supplies going south, and discourage North Vietnamese aggression, a PIPE DREAM, since the aggression was caused by, as is the case now in the Middle East by an unwanted foreign military presence, where 864,000 tons of bombs and missiles were dropped, 152,399 attack sorties from Navy and Marine Corps aircraft were flown, while 153,784 attack sorties from Air Force aircraft were flown, along with a dramatic increase in electronic warfare, intelligence operations, and air-air-missile technology, and still Operation Rolling Thunder was a failure because the Air Force simply could not effectively interdict North Vietnam’s supply routes to the South, and in Clausewitzian terms, rolling thunder failed because it was not an effective political instrument because it did not achieve its stated goal of compelling to North Vietnamese to do our will.
Joe, who has never fought in a war and knows absolutely nothing about war and has never won a war, running as he did like a scared rabbit out of Afghanistnam, where despite his technological superiority, Joe was unable to defeat some poorly-armed Tenth Century tribesmen in that country, and his NATIONAL SECURITY COUNCIL, which is incompetent, want us to believe, and we would be fools and idiots if we did, that overall, these recent strikes are supposed to serve as a reminder of the U.S.’s ability to initiate sustained air campaigns and maintain pressure on various insurgent and militia groups, except that too is BULL**** precisely because Joe cannot do that without flying his planes and pilots and maintenance crews into the ground, as if Joe can fly those planes on a non-stop basis without them needing maintenance, and as if Joe has infinite amounts of ammunition, rockets and bombs, which he doesn’t.
And while this is all going on, what, pray tell, is NSC member Janet “TOODLES” Yellen doing about protecting and safeguarding OUR NATIONAL SECURITY?
How about her being out there in BATTLEGROUND states politicking for Joe Biden?
Think I’m kidding?
Not a joke, people, as we see from a Reuters article titled “Yellen says inflation moving down, market reaction a ‘tremendous mistake'” by Andrea Shalal on February 14, 2024, where we have as follows, keeping in mind that this is the same “TOODLES” Yellen who told admitted to being dead wrong about inflation being transitory in this CNBC video https://www.youtube.com/watch?v=o-gmBHCVKgA , to wit:
DETROIT, Feb 14 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that recent consumer price inflation data was “a tad higher” than expectations, but Americans should focus on longer-term declines in inflation trends and a strong economy and rising wages.
“I think it is a tremendous mistake to focus on minor fluctuations and to have failed to see the longer-term and bigger trends.”
“And the trend here is that inflation is moving decisively down,” Yellen told the Detroit Economic Club, where she appeared with Michigan Governor Gretchen Whitmer.
end quotes
And she is so far out of touch with the reality I reside in, it isn’t funny, because in my reality, where I have essentially been forced out of the economy, PRICES ARE STILL GOING UP, despite her claim that the RATE of PRICE INCREASES is coming down, as if that mattered, which it doesn’t.
What matters is the bottom line on the grocery receipt, or the line with “this amount owed” on the insurance bill, and on and on and on, things “TOODLES” Yellen, who according to Forbes is worth an estimated $20 million, doesn’t know about and certainly doesn’t have to worry about with her government salary of $235,600, which takes us back to Reuters for more from “TOODLES” of Joe’s NSC, to wit:
Yellen told reporters that Americans had been through a hard time with COVID and prices of some significant things – rental housing and food – were higher than before the pandemic, but wages were also increasing more than prices were.
end quote
Which is not true according to a CNBC article titled “Prices rose more than expected in January as inflation won’t go away” by Jeff Cox on February 13, 2024, where we learned that adjusted for the decline in the average workweek, real weekly earnings fell 0.3%, which takes us back for more NSC member “TOODLES” Yellen politicking for Joe Biden, while Joe is setting the Middle East on fire, to wit:
Yellen was visiting Detroit on a swing through the election battleground states of Michigan and Pennsylvania to tout U.S. President Joe Biden’s economic policies, including infrastructure, health care and clean energy investments, and try to persuade skeptical voters the economy is performing well, with falling inflation and historically low unemployment.
Yellen’s remarks this week build on earlier stops in Illinois, Wisconsin, Nevada and North Carolina.
Pennsylvania and Michigan are among the seven states Biden’s reelection campaign considers election battlegrounds because their voters’ preferences could swing to either party and determine the outcome of November’s race.
But the administration’s repeated efforts to showcase its economic successes have thus far failed to convince the American public, according to recent polls.
A recent Reuters/Ipsos poll showed Biden is running six percentage points behind Republican frontrunner former President Donald Trump, with voters focused on immigration challenges, Biden’s age and still unhappy about the economy despite big improvements since he took office in 2021.
Asked which person dead or alive she would like to have lunch with, Yellen chose influential 20th century British economist John Maynard Keynes.
“He changed the way all of us understand business cycles, public policy and financial markets.”
“And a long time ago, Richard Nixon said, ‘we’re all Keynesians now,'” Yellen said, adding: “He really had deep insights into how economies work.”
end quotes
And if Keynes were to have lunch with “TOODLES,” what he likely would say to her is “Janet, you are a ******* idiot who doesn’t understand anything about economics, driving the United States deeper and deeper into debt as you are doing, and you don’t understand a single word I said either, so you aren’t a ‘Keynesian,’ you’re an A-HOLE,” which takes us back to a Forbes article titled “‘Soft Landing’ Achieved: Janet Yellen Says Goal Reached After Recession Fears—But Some Still Skeptical” by Molly Bohannon on 6 January 2024, as follows:
Treasury Secretary Janet Yellen said in an interview on CNN on Friday that the U.S. has achieved a “soft landing” after years of concerns about the U.S. economy following the Covid-19 pandemic and high inflation rates — a scenario many economists once thought unlikely.
“What we’re seeing now I think we can describe as a soft landing and my hope is that it will continue,” Yellen said on CNN on Friday.
Yellen gave credit for the soft landing to the American people and President Joe Biden, saying: “The American people go to work every day, participate in the labor market, form new businesses, but President Biden has tried to create incentives that give Americans the tools they need to help this economy grow.”
end quotes
EXCEPT THERE HASN’T BEEN A SOFT LANDING, and “TOODLES” is doing what she does best, which is lying to us on behalf of Joe Biden, as if we were too stupid and uninformed to know the difference, as we see in a Reuters article titled “Fed’s Barr: ‘Bumpy’ path to 2% inflation means soft landing jury still out” by Howard Schneider on February 14, 2024, where we have “TOODLES” being refuted on that subject, to wit:
WASHINGTON, Feb 14 (Reuters) – Hotter-than-expected inflation in January shows that the United States’ path back to 2% inflation “may be a bumpy one,” Fed Vice Chair for Supervision Michael Barr said on Wednesday, adding it was too early to be assured price stability will be restored without a significant blow to jobs or economic growth.
“It’s very early to say whether we end up with a soft landing or not,” Barr said, referring to the Fed’s hoped-for outcome where inflation returns to the Fed’s target without a large rise in the unemployment rate.
“I’d be very careful about where we are in that process,” with the Fed facing a “difficult” decision on how long to maintain the target rate of interest at the current 5.25% to 5.5% range, Barr said at a National Association for Business Economics conference.
The Fed is “confident we are on a path to 2% inflation,” Barr said in a prepared speech at the event.
But a recent report showing prices rose faster than anticipated in January, “is a reminder that the path back to 2% inflation may be a bumpy one.”
“We need to see continued good data before we can begin the process of reducing the federal funds rate,” Barr said, adding he backed the “careful approach” to cutting rates advocated by Chair Jerome Powell and other Fed policymakers.
“It is a difficult set of judgments to make in the current context because there are no clear historical parallels,” given the current situation’s roots in the coronavirus pandemic, he said.
end quotes
And that takes us back to Reuters and “TOODLES” Yellen politicking for Joe Biden with DEMOCRAT Gretchen Whitmer, to wit:
When asked the same question, Whitmer, a Democrat, said she would choose Yellen, whom she had introduced as an inspiring role model – “She is a badass.”
“She eats, breathes and sleeps economics” – and because she had only been able to spend 10 minutes with her before the event on Wednesday.
end quotes
No, Gretchen, “TOODLES” Yellen is not a badass.
She is an idiot for thinking the American people are uniformed fools who can’t see through her outright lies, distortions of reality, misinformation and disinformation, and you are an idiot for believing a single word she says.
http://www.capecharlesmirror.com/paul-p ... ent-900102
Paul Plante says:
So, yes, people, SHOCK AND AWE as Joe’s VIOLENCE CAMPAIGN in the Middle East gets underway, with Joe even conducting strikes using B-1 bombers, originally designed for low-level penetration during the Cold War, on Iran proxy militia targets in Syria and Iraq, as Joe, the COMMANDER-IN-CHIEF of our entire military, from top to bottom and from the middle out, as well as the HEAD or TOP DOG as that leader is called of the NATIONAL SECURITY COUNCIL, which consists of Joe, who according to the Daily Mail on February 14, 2024, after defending his memory against claims that he couldn’t even remember when his beloved son died, he lost the news cycle by referring to the Egyptian president as the “president of Mexico,” and Karmela Harris with her meaningless word salads and Venn diagrams and yellow school buses along with the hapless and clueless Tony Blinken, Lloyd Austin, Janet “TOODLES” Yellen, Jennifer Granholm, Merrick “THE GUTLESS” Garland, Alejandro Mayorkas, John “JACKIE BOY” Kerry, and John Podesta, plans a multi-layered campaign against these militias, relying on airpower for containment and punishment, which in the end is pure political BULL****, because it has never worked before and won’t work now.
Consider how many tons of bombs were dropped during Operation Rolling Thunder on March 2, 1965, when the USAF began a systematic bombing campaign against North Vietnam named ROLLING THUNDER which idiot planners in Washington, D.C. HOPED would provide a morale boost to South Vietnamese forces and interdict the flow of supplies going south, and discourage North Vietnamese aggression, a PIPE DREAM, since the aggression was caused by, as is the case now in the Middle East by an unwanted foreign military presence, where 864,000 tons of bombs and missiles were dropped, 152,399 attack sorties from Navy and Marine Corps aircraft were flown, while 153,784 attack sorties from Air Force aircraft were flown, along with a dramatic increase in electronic warfare, intelligence operations, and air-air-missile technology, and still Operation Rolling Thunder was a failure because the Air Force simply could not effectively interdict North Vietnam’s supply routes to the South, and in Clausewitzian terms, rolling thunder failed because it was not an effective political instrument because it did not achieve its stated goal of compelling to North Vietnamese to do our will.
Joe, who has never fought in a war and knows absolutely nothing about war and has never won a war, running as he did like a scared rabbit out of Afghanistnam, where despite his technological superiority, Joe was unable to defeat some poorly-armed Tenth Century tribesmen in that country, and his NATIONAL SECURITY COUNCIL, which is incompetent, want us to believe, and we would be fools and idiots if we did, that overall, these recent strikes are supposed to serve as a reminder of the U.S.’s ability to initiate sustained air campaigns and maintain pressure on various insurgent and militia groups, except that too is BULL**** precisely because Joe cannot do that without flying his planes and pilots and maintenance crews into the ground, as if Joe can fly those planes on a non-stop basis without them needing maintenance, and as if Joe has infinite amounts of ammunition, rockets and bombs, which he doesn’t.
And while this is all going on, what, pray tell, is NSC member Janet “TOODLES” Yellen doing about protecting and safeguarding OUR NATIONAL SECURITY?
How about her being out there in BATTLEGROUND states politicking for Joe Biden?
Think I’m kidding?
Not a joke, people, as we see from a Reuters article titled “Yellen says inflation moving down, market reaction a ‘tremendous mistake'” by Andrea Shalal on February 14, 2024, where we have as follows, keeping in mind that this is the same “TOODLES” Yellen who told admitted to being dead wrong about inflation being transitory in this CNBC video https://www.youtube.com/watch?v=o-gmBHCVKgA , to wit:
DETROIT, Feb 14 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that recent consumer price inflation data was “a tad higher” than expectations, but Americans should focus on longer-term declines in inflation trends and a strong economy and rising wages.
“I think it is a tremendous mistake to focus on minor fluctuations and to have failed to see the longer-term and bigger trends.”
“And the trend here is that inflation is moving decisively down,” Yellen told the Detroit Economic Club, where she appeared with Michigan Governor Gretchen Whitmer.
end quotes
And she is so far out of touch with the reality I reside in, it isn’t funny, because in my reality, where I have essentially been forced out of the economy, PRICES ARE STILL GOING UP, despite her claim that the RATE of PRICE INCREASES is coming down, as if that mattered, which it doesn’t.
What matters is the bottom line on the grocery receipt, or the line with “this amount owed” on the insurance bill, and on and on and on, things “TOODLES” Yellen, who according to Forbes is worth an estimated $20 million, doesn’t know about and certainly doesn’t have to worry about with her government salary of $235,600, which takes us back to Reuters for more from “TOODLES” of Joe’s NSC, to wit:
Yellen told reporters that Americans had been through a hard time with COVID and prices of some significant things – rental housing and food – were higher than before the pandemic, but wages were also increasing more than prices were.
end quote
Which is not true according to a CNBC article titled “Prices rose more than expected in January as inflation won’t go away” by Jeff Cox on February 13, 2024, where we learned that adjusted for the decline in the average workweek, real weekly earnings fell 0.3%, which takes us back for more NSC member “TOODLES” Yellen politicking for Joe Biden, while Joe is setting the Middle East on fire, to wit:
Yellen was visiting Detroit on a swing through the election battleground states of Michigan and Pennsylvania to tout U.S. President Joe Biden’s economic policies, including infrastructure, health care and clean energy investments, and try to persuade skeptical voters the economy is performing well, with falling inflation and historically low unemployment.
Yellen’s remarks this week build on earlier stops in Illinois, Wisconsin, Nevada and North Carolina.
Pennsylvania and Michigan are among the seven states Biden’s reelection campaign considers election battlegrounds because their voters’ preferences could swing to either party and determine the outcome of November’s race.
But the administration’s repeated efforts to showcase its economic successes have thus far failed to convince the American public, according to recent polls.
A recent Reuters/Ipsos poll showed Biden is running six percentage points behind Republican frontrunner former President Donald Trump, with voters focused on immigration challenges, Biden’s age and still unhappy about the economy despite big improvements since he took office in 2021.
Asked which person dead or alive she would like to have lunch with, Yellen chose influential 20th century British economist John Maynard Keynes.
“He changed the way all of us understand business cycles, public policy and financial markets.”
“And a long time ago, Richard Nixon said, ‘we’re all Keynesians now,'” Yellen said, adding: “He really had deep insights into how economies work.”
end quotes
And if Keynes were to have lunch with “TOODLES,” what he likely would say to her is “Janet, you are a ******* idiot who doesn’t understand anything about economics, driving the United States deeper and deeper into debt as you are doing, and you don’t understand a single word I said either, so you aren’t a ‘Keynesian,’ you’re an A-HOLE,” which takes us back to a Forbes article titled “‘Soft Landing’ Achieved: Janet Yellen Says Goal Reached After Recession Fears—But Some Still Skeptical” by Molly Bohannon on 6 January 2024, as follows:
Treasury Secretary Janet Yellen said in an interview on CNN on Friday that the U.S. has achieved a “soft landing” after years of concerns about the U.S. economy following the Covid-19 pandemic and high inflation rates — a scenario many economists once thought unlikely.
“What we’re seeing now I think we can describe as a soft landing and my hope is that it will continue,” Yellen said on CNN on Friday.
Yellen gave credit for the soft landing to the American people and President Joe Biden, saying: “The American people go to work every day, participate in the labor market, form new businesses, but President Biden has tried to create incentives that give Americans the tools they need to help this economy grow.”
end quotes
EXCEPT THERE HASN’T BEEN A SOFT LANDING, and “TOODLES” is doing what she does best, which is lying to us on behalf of Joe Biden, as if we were too stupid and uninformed to know the difference, as we see in a Reuters article titled “Fed’s Barr: ‘Bumpy’ path to 2% inflation means soft landing jury still out” by Howard Schneider on February 14, 2024, where we have “TOODLES” being refuted on that subject, to wit:
WASHINGTON, Feb 14 (Reuters) – Hotter-than-expected inflation in January shows that the United States’ path back to 2% inflation “may be a bumpy one,” Fed Vice Chair for Supervision Michael Barr said on Wednesday, adding it was too early to be assured price stability will be restored without a significant blow to jobs or economic growth.
“It’s very early to say whether we end up with a soft landing or not,” Barr said, referring to the Fed’s hoped-for outcome where inflation returns to the Fed’s target without a large rise in the unemployment rate.
“I’d be very careful about where we are in that process,” with the Fed facing a “difficult” decision on how long to maintain the target rate of interest at the current 5.25% to 5.5% range, Barr said at a National Association for Business Economics conference.
The Fed is “confident we are on a path to 2% inflation,” Barr said in a prepared speech at the event.
But a recent report showing prices rose faster than anticipated in January, “is a reminder that the path back to 2% inflation may be a bumpy one.”
“We need to see continued good data before we can begin the process of reducing the federal funds rate,” Barr said, adding he backed the “careful approach” to cutting rates advocated by Chair Jerome Powell and other Fed policymakers.
“It is a difficult set of judgments to make in the current context because there are no clear historical parallels,” given the current situation’s roots in the coronavirus pandemic, he said.
end quotes
And that takes us back to Reuters and “TOODLES” Yellen politicking for Joe Biden with DEMOCRAT Gretchen Whitmer, to wit:
When asked the same question, Whitmer, a Democrat, said she would choose Yellen, whom she had introduced as an inspiring role model – “She is a badass.”
“She eats, breathes and sleeps economics” – and because she had only been able to spend 10 minutes with her before the event on Wednesday.
end quotes
No, Gretchen, “TOODLES” Yellen is not a badass.
She is an idiot for thinking the American people are uniformed fools who can’t see through her outright lies, distortions of reality, misinformation and disinformation, and you are an idiot for believing a single word she says.
http://www.capecharlesmirror.com/paul-p ... ent-900102
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 19, 2024 AT 11:08 PM
Paul Plante says:
And talk about a “whole of government” approach to getting Joe Biden re-elected, notwithstanding that the Hatch Act, which Joe totally ignores, as if it, like every other law, does not apply to him, prohibits public officials from using their official authority or influence to interfere with or affect the results of an election or nomination, Joe has a “full court press” going, and here I am now talking about Lael Brainard, who Joe announced on February 14, 2023 as a key member of his economic team, with her serving as Director of Joe’s National Economic Council, with Joe telling us at that time that Lael was one of the country’s leading macroeconomists who was bringing Joe, who himself knows absolutely nothing about the subject, an extraordinary depth of domestic and international economic expertise, with her having previously served at CEA, NEC, the Treasury Department and the Federal Reserve, so that she is a trusted veteran across our economic institutions, which means she is politically reliable and can be trusted to say what needs to be said when it needs to be said, like now to get Joe re-elected, and according to Joe, who himself is totally clueless as to how everyday Americans live, unlike him, supposedly, Lael understands how the economy affects everyday people, which is horse****, plain and simple, because Lael is as clueless as is Joe Biden about how the economy affects everyday people, because like Joe, Lael Brainard, a Washington insider who began her political career in 1997, serving as deputy national economic advisor and deputy assistant to the president during the Clinton administration, where she helped build a new White House organization to address global economic challenges such as the Asian financial crisis and China’s accession to the World Trade Organization, doesn't have a clue as to how everyday people in America outside the Washington Beltway live.
Thereafter, having proved her political reliability, on March 23, 2009, Lael was nominated by Hussein Obama to serve as Under Secretary of the Treasury for International Affairs and after that, Hussein nominated her to the Federal Reserve Board of Governors in January 2014, being confirmed by the Senate by a vote of 61–31 on June 12, 2014, and beginning her term on June 16, 2014.
Then, on November 22, 2021, Joe Biden nominated Brainard to be the vice-chair of the Federal Reserve, with her initial nomination being returned to Joe on January 3, 2022, due to it expiring at the end of the year.
Undaunted, Joe simply renominated her the following day, so that on April 26, 2022, her nomination was confirmed by the Senate by a 52–43 vote, with all Democrats present and seven Republicans voting in favor of her confirmation.
And then, as was stated above, Lael was selected by Joe as Director of the National Economic Council, which was established in 1993 to advise the President on U.S. and global economic policy, it being part of the Executive Office of the President, and by Executive Order, the NEC has four key functions, those being to coordinate policy-making for domestic and international economic issues; to give economic policy advice to the President; to ensure that policy decisions and programs are consistent with the President’s economic goals; and to monitor implementation of the President’s economic policy agenda.
As to Lael’s lack of credibility, she was quoted in a Financial Times article titled “Fed governor plays down inflation risks as ‘transitory surge’ – Lael Brainard says central bank should be ‘patient’ in pursuing loose monetary policy” by James Politi in Washington and Colby Smith in New York on May 11, 2021, as follows:
A senior Federal Reserve official has called on the US central bank to be “patient” in pursuing its ultra-loose monetary policy, dismissing inflation worries and highlighting “uneven” improvements in the labour market.
end quotes
In the above article where I pondered whether it is truly necessary to be a loser and a fool to work in high levels of government in Washington, D.C., I was actually thinking of Lael Brainard at the time, based on those wrong-footed comments from her above, on inflation being transitory, who is now out there touting BIDE-O-NOMICS for Joe, as if we would believe a word she says after her telling us on May 11, 2021, six months before Joe nominated her to be the vice-chair of the Federal Reserve on November 22, 2021, that inflation was transitory when it was anything but.
And thereafter, in a July 19, 2021 speech, old Joe marked the first six months of his administration by celebrating the nation’s economy, which he hailed as experiencing “the fastest growth, I’m told, at this point in any administration’s history.”
Getting himself all puffed up with how great he and his administration are, Joe then got on a roll as follows:
“We also know that as our economy has come roaring back, we’ve seen some price increases,” Biden said.
“Some folks have raised worries that this could be a sign of persistent inflation.”
“But that is not our view.”
In a reference to Lael at that time, who is now out there on the campaign trail for Joe as his Director of the National Economic Council touting BIDE-O-NOMICS, Joe continued by saying, “Our experts believe, and the data shows, that most of the price increases we’ve seen are expected to be temporary.”
And two months later, in a Marketwatch article titled “Fed’s Brainard says spike in inflation this year is ‘transitory’” by Greg Robb on September 27, 2021, Lael was back reinforcing Joe Biden’s political message on inflation of July 19, 2021, as follows:
Federal Reserve Board Governor Lael Brainard on Monday laid out a strong case for the central bank to maintain low interest rates, saying that the spike seen in inflation this year was transitory and the labor market was far from healed.
“High inflation readings from the spring and early summer were disproportionately driven by a few sectors experiencing specific supply bottlenecks,” Brainard said.
“As those COVID related disruptions subside, most forecasters expect inflation to move back down towards our 2% long-run objective on its own.”
“That’s the sense in which currently high inflation is likely to be transitory,” Brainard said.
“I expect inflation to decelerate, and pre-COVID inflation dynamics to return when COVID disruptions dissipate,” Brainard said.
She said it is uncertain how fast inflation will slow down over the remainder of this year and next year.
end quotes
And how wrong she was!
Which got her promoted!
Welcome to the whacky world of American DICTATOR Joseph Robinette Biden, Junior, and boy, is it ever a doozy!
http://www.capecharlesmirror.com/paul-p ... ent-901219
Paul Plante says:
And talk about a “whole of government” approach to getting Joe Biden re-elected, notwithstanding that the Hatch Act, which Joe totally ignores, as if it, like every other law, does not apply to him, prohibits public officials from using their official authority or influence to interfere with or affect the results of an election or nomination, Joe has a “full court press” going, and here I am now talking about Lael Brainard, who Joe announced on February 14, 2023 as a key member of his economic team, with her serving as Director of Joe’s National Economic Council, with Joe telling us at that time that Lael was one of the country’s leading macroeconomists who was bringing Joe, who himself knows absolutely nothing about the subject, an extraordinary depth of domestic and international economic expertise, with her having previously served at CEA, NEC, the Treasury Department and the Federal Reserve, so that she is a trusted veteran across our economic institutions, which means she is politically reliable and can be trusted to say what needs to be said when it needs to be said, like now to get Joe re-elected, and according to Joe, who himself is totally clueless as to how everyday Americans live, unlike him, supposedly, Lael understands how the economy affects everyday people, which is horse****, plain and simple, because Lael is as clueless as is Joe Biden about how the economy affects everyday people, because like Joe, Lael Brainard, a Washington insider who began her political career in 1997, serving as deputy national economic advisor and deputy assistant to the president during the Clinton administration, where she helped build a new White House organization to address global economic challenges such as the Asian financial crisis and China’s accession to the World Trade Organization, doesn't have a clue as to how everyday people in America outside the Washington Beltway live.
Thereafter, having proved her political reliability, on March 23, 2009, Lael was nominated by Hussein Obama to serve as Under Secretary of the Treasury for International Affairs and after that, Hussein nominated her to the Federal Reserve Board of Governors in January 2014, being confirmed by the Senate by a vote of 61–31 on June 12, 2014, and beginning her term on June 16, 2014.
Then, on November 22, 2021, Joe Biden nominated Brainard to be the vice-chair of the Federal Reserve, with her initial nomination being returned to Joe on January 3, 2022, due to it expiring at the end of the year.
Undaunted, Joe simply renominated her the following day, so that on April 26, 2022, her nomination was confirmed by the Senate by a 52–43 vote, with all Democrats present and seven Republicans voting in favor of her confirmation.
And then, as was stated above, Lael was selected by Joe as Director of the National Economic Council, which was established in 1993 to advise the President on U.S. and global economic policy, it being part of the Executive Office of the President, and by Executive Order, the NEC has four key functions, those being to coordinate policy-making for domestic and international economic issues; to give economic policy advice to the President; to ensure that policy decisions and programs are consistent with the President’s economic goals; and to monitor implementation of the President’s economic policy agenda.
As to Lael’s lack of credibility, she was quoted in a Financial Times article titled “Fed governor plays down inflation risks as ‘transitory surge’ – Lael Brainard says central bank should be ‘patient’ in pursuing loose monetary policy” by James Politi in Washington and Colby Smith in New York on May 11, 2021, as follows:
A senior Federal Reserve official has called on the US central bank to be “patient” in pursuing its ultra-loose monetary policy, dismissing inflation worries and highlighting “uneven” improvements in the labour market.
end quotes
In the above article where I pondered whether it is truly necessary to be a loser and a fool to work in high levels of government in Washington, D.C., I was actually thinking of Lael Brainard at the time, based on those wrong-footed comments from her above, on inflation being transitory, who is now out there touting BIDE-O-NOMICS for Joe, as if we would believe a word she says after her telling us on May 11, 2021, six months before Joe nominated her to be the vice-chair of the Federal Reserve on November 22, 2021, that inflation was transitory when it was anything but.
And thereafter, in a July 19, 2021 speech, old Joe marked the first six months of his administration by celebrating the nation’s economy, which he hailed as experiencing “the fastest growth, I’m told, at this point in any administration’s history.”
Getting himself all puffed up with how great he and his administration are, Joe then got on a roll as follows:
“We also know that as our economy has come roaring back, we’ve seen some price increases,” Biden said.
“Some folks have raised worries that this could be a sign of persistent inflation.”
“But that is not our view.”
In a reference to Lael at that time, who is now out there on the campaign trail for Joe as his Director of the National Economic Council touting BIDE-O-NOMICS, Joe continued by saying, “Our experts believe, and the data shows, that most of the price increases we’ve seen are expected to be temporary.”
And two months later, in a Marketwatch article titled “Fed’s Brainard says spike in inflation this year is ‘transitory’” by Greg Robb on September 27, 2021, Lael was back reinforcing Joe Biden’s political message on inflation of July 19, 2021, as follows:
Federal Reserve Board Governor Lael Brainard on Monday laid out a strong case for the central bank to maintain low interest rates, saying that the spike seen in inflation this year was transitory and the labor market was far from healed.
“High inflation readings from the spring and early summer were disproportionately driven by a few sectors experiencing specific supply bottlenecks,” Brainard said.
“As those COVID related disruptions subside, most forecasters expect inflation to move back down towards our 2% long-run objective on its own.”
“That’s the sense in which currently high inflation is likely to be transitory,” Brainard said.
“I expect inflation to decelerate, and pre-COVID inflation dynamics to return when COVID disruptions dissipate,” Brainard said.
She said it is uncertain how fast inflation will slow down over the remainder of this year and next year.
end quotes
And how wrong she was!
Which got her promoted!
Welcome to the whacky world of American DICTATOR Joseph Robinette Biden, Junior, and boy, is it ever a doozy!
http://www.capecharlesmirror.com/paul-p ... ent-901219
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 20, 2024 AT 7:28 PM
Paul Plante says:
Not being accountable to the American people, who in the grand Washingtonian scheme of things count for nothing in the BIG PICTURE, and not being held to account by Joe Biden himself, as he wants them out there telling us lies about Joe, while feeding us MISINFORMATION and DISINFORMATION about the economy, these public officials like Lael Brainard who are out there on the campaign trail for Joe, touting him and his
BIDE-O-NOMICS while blaming BIDENFLATION on corporate greed, this as that same alleged corporate greed helps fuel the Wall Street rally that the Biden campaign attributes to Joe’s BIDE-O-NOMICS, can feed us any bull**** they choose to feed us with impunity.
As to the Wall Street rally, which TEAM BIDEN is taking the credit for, as if BIDE-O-NOMICS is the cause of it, and Joe Biden the architect of it, we see that happening in a Fox News article titled “Lincoln Project adviser demands Democrats start calling Biden a ‘great president'” by Hanna Panreck on February 18, 2024, as follows:
Stuart Stevens, an adviser for the Lincoln Project, recently claimed Democrats need to start calling President Biden a “great president,” and not just a “better choice” than former President Trump.”
“A plea to my Democratic friends: It’s time to start calling Joe Biden a great president.”
“Not a good one.”
“Not a better choice than Donald Trump.”
“Joe Biden is a historically great president.”
“Say it with passion backed by the conviction that it’s true,” he wrote in an op-ed for the New Republic.
The president’s message has largely focused on Trump and making the election a choice between Biden and the former president, who they deem is a threat to democracy.
“Stop the nonsense that only a weak opponent gives Joe Biden a chance to win.”
“It’s more than wrong — it’s dangerous, completely misjudging Donald Trump’s strength,” Stevens wrote.
He cited strong unemployment numbers and the stock market hitting record highs, as well as student loan forgiveness for three million borrowers.
Stevens argued Biden “met the moment,” and told Democrats to “wake up and show some gratitude.”
end quotes
Show gratitude to Joe Biden?
NOT HARDLY!
In America, dude, we don’t do that groveling kind of bull****.
Joe Biden is beholden to we, the American people, not the other way around, as if this were the old Soviet Union and Joe Biden were instead the butcher Joe Stalin.
And why, pray tell, is the stock market up?
In an article titled “Wall Street ends higher, lifted by Uber, Lyft and Nvidia” by Noel Randewich and Johann M Cherian on February 14, 2024, this is what Reuters tells us:
Expectations the Fed will cut interest this year have fueled a rally on Wall Street in recent months that has sent the S&P 500 to record highs.
end quote
While in another Reuters article titled “Wall Street slides as hot producer price data crimps rate cut bets” by Carolina Mandl, Amruta Khandekar and Ankika Biswas on February 16, 2024, we are told as follows as to why there is a rally on Wall Street, to wit:
The S&P 500 closed above 5,000 for the fourth time this year thanks to robust corporate earnings and surging enthusiasm around artificial intelligence.
end quote
Robust corporate earnings?
How about OBSCENE PROFITS, people which takes us back to March 28, 2022, and a PRESS RELEASE by Bernie Sanders titled “NEWS: Senate Budget Committee Chairman Sanders Statement on President Biden’s Budget Proposal” where we have as follows on that same subject that is fueling Joe Biden’s stock market rally today, to wit:
WASHINGTON, March 28 – Chairman of the Senate Budget Committee, Sen. Bernie Sanders (I-Vt.), Monday issued the following statement after President Joe Biden released his fiscal year 2023 federal budget proposal:
I thank the President for submitting his budget proposal to Congress and I look forward to reviewing it closely.
At a time when corporations are making obscene profits by charging outrageously high prices for gas, food and rent, we need a budget that takes on the unprecedented corporate greed that is taking place in America today by enacting a windfall profits tax and preventing corporations from ripping off working families.
end quotes
HUH?
Preventing corporations from ripping off working families?
When is that supposed to happen, dude?
Which then takes us to Lael Brainard and her parroting Joe Biden’s claims of corporate greed fueling BIDENFLATION, as opposed to BIDE-O-NOMICS being the cause of BIDENFLATION, and here I am referring to a CNBC article titled “Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging” by Rebecca Picciotto on February 13, 2024 to wit:
“If you look at some of the staples, like eggs or milk, they have come down.”
“But consumer brands, instead of actually lowering prices, they’ve shrunk packaging,” Brainard said on CNBC’s “Money Movers.”
“That’s the shrinkflation that the president is really calling attention to.”
Brainard’s comments came hours after the consumer price index showed inflation trending above expectations, coming in 0.3% higher in January.
In particular, food prices slid up 0.4% during the month.
Consumer brands like Coca-Cola, PepsiCo, Procter & Gamble and more have raised prices over the past year to keep profits afloat.
Shrinkflation, the practice of reducing product sizes while keeping prices the same, is Biden’s latest line of attack against corporations, which he debuted on Super Bowl Sunday.
Both the White House and Biden’s 2024 reelection campaign have touted inflation recovery as a key accomplishment of his economic agenda, dubbed Bidenomics.
But consumers have yet to feel the relief on their wallets and they blame Biden for it, according to recent polls.
Instead, Biden has pointed the finger at corporate price-gouging tactics, which he says are the real driver of sticky high prices.
“The president is going to continue emphasizing that input costs have come down, supply chains have healed,” Brainard said.
“He’s going to keep calling on corporations to pass those savings on to the American consumer.”
end quotes
Joe Biden is going to keep calling on corporations to pass those savings on to the American consumer?
At the expense of Joe’s Wall Street rally?
Don’t hold your breath, because it is not going to happen?
And now it is time to break for station identification. but don’t touch that dial, because we will be right back!
http://www.capecharlesmirror.com/paul-p ... ent-901412
Paul Plante says:
Not being accountable to the American people, who in the grand Washingtonian scheme of things count for nothing in the BIG PICTURE, and not being held to account by Joe Biden himself, as he wants them out there telling us lies about Joe, while feeding us MISINFORMATION and DISINFORMATION about the economy, these public officials like Lael Brainard who are out there on the campaign trail for Joe, touting him and his
BIDE-O-NOMICS while blaming BIDENFLATION on corporate greed, this as that same alleged corporate greed helps fuel the Wall Street rally that the Biden campaign attributes to Joe’s BIDE-O-NOMICS, can feed us any bull**** they choose to feed us with impunity.
As to the Wall Street rally, which TEAM BIDEN is taking the credit for, as if BIDE-O-NOMICS is the cause of it, and Joe Biden the architect of it, we see that happening in a Fox News article titled “Lincoln Project adviser demands Democrats start calling Biden a ‘great president'” by Hanna Panreck on February 18, 2024, as follows:
Stuart Stevens, an adviser for the Lincoln Project, recently claimed Democrats need to start calling President Biden a “great president,” and not just a “better choice” than former President Trump.”
“A plea to my Democratic friends: It’s time to start calling Joe Biden a great president.”
“Not a good one.”
“Not a better choice than Donald Trump.”
“Joe Biden is a historically great president.”
“Say it with passion backed by the conviction that it’s true,” he wrote in an op-ed for the New Republic.
The president’s message has largely focused on Trump and making the election a choice between Biden and the former president, who they deem is a threat to democracy.
“Stop the nonsense that only a weak opponent gives Joe Biden a chance to win.”
“It’s more than wrong — it’s dangerous, completely misjudging Donald Trump’s strength,” Stevens wrote.
He cited strong unemployment numbers and the stock market hitting record highs, as well as student loan forgiveness for three million borrowers.
Stevens argued Biden “met the moment,” and told Democrats to “wake up and show some gratitude.”
end quotes
Show gratitude to Joe Biden?
NOT HARDLY!
In America, dude, we don’t do that groveling kind of bull****.
Joe Biden is beholden to we, the American people, not the other way around, as if this were the old Soviet Union and Joe Biden were instead the butcher Joe Stalin.
And why, pray tell, is the stock market up?
In an article titled “Wall Street ends higher, lifted by Uber, Lyft and Nvidia” by Noel Randewich and Johann M Cherian on February 14, 2024, this is what Reuters tells us:
Expectations the Fed will cut interest this year have fueled a rally on Wall Street in recent months that has sent the S&P 500 to record highs.
end quote
While in another Reuters article titled “Wall Street slides as hot producer price data crimps rate cut bets” by Carolina Mandl, Amruta Khandekar and Ankika Biswas on February 16, 2024, we are told as follows as to why there is a rally on Wall Street, to wit:
The S&P 500 closed above 5,000 for the fourth time this year thanks to robust corporate earnings and surging enthusiasm around artificial intelligence.
end quote
Robust corporate earnings?
How about OBSCENE PROFITS, people which takes us back to March 28, 2022, and a PRESS RELEASE by Bernie Sanders titled “NEWS: Senate Budget Committee Chairman Sanders Statement on President Biden’s Budget Proposal” where we have as follows on that same subject that is fueling Joe Biden’s stock market rally today, to wit:
WASHINGTON, March 28 – Chairman of the Senate Budget Committee, Sen. Bernie Sanders (I-Vt.), Monday issued the following statement after President Joe Biden released his fiscal year 2023 federal budget proposal:
I thank the President for submitting his budget proposal to Congress and I look forward to reviewing it closely.
At a time when corporations are making obscene profits by charging outrageously high prices for gas, food and rent, we need a budget that takes on the unprecedented corporate greed that is taking place in America today by enacting a windfall profits tax and preventing corporations from ripping off working families.
end quotes
HUH?
Preventing corporations from ripping off working families?
When is that supposed to happen, dude?
Which then takes us to Lael Brainard and her parroting Joe Biden’s claims of corporate greed fueling BIDENFLATION, as opposed to BIDE-O-NOMICS being the cause of BIDENFLATION, and here I am referring to a CNBC article titled “Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging” by Rebecca Picciotto on February 13, 2024 to wit:
“If you look at some of the staples, like eggs or milk, they have come down.”
“But consumer brands, instead of actually lowering prices, they’ve shrunk packaging,” Brainard said on CNBC’s “Money Movers.”
“That’s the shrinkflation that the president is really calling attention to.”
Brainard’s comments came hours after the consumer price index showed inflation trending above expectations, coming in 0.3% higher in January.
In particular, food prices slid up 0.4% during the month.
Consumer brands like Coca-Cola, PepsiCo, Procter & Gamble and more have raised prices over the past year to keep profits afloat.
Shrinkflation, the practice of reducing product sizes while keeping prices the same, is Biden’s latest line of attack against corporations, which he debuted on Super Bowl Sunday.
Both the White House and Biden’s 2024 reelection campaign have touted inflation recovery as a key accomplishment of his economic agenda, dubbed Bidenomics.
But consumers have yet to feel the relief on their wallets and they blame Biden for it, according to recent polls.
Instead, Biden has pointed the finger at corporate price-gouging tactics, which he says are the real driver of sticky high prices.
“The president is going to continue emphasizing that input costs have come down, supply chains have healed,” Brainard said.
“He’s going to keep calling on corporations to pass those savings on to the American consumer.”
end quotes
Joe Biden is going to keep calling on corporations to pass those savings on to the American consumer?
At the expense of Joe’s Wall Street rally?
Don’t hold your breath, because it is not going to happen?
And now it is time to break for station identification. but don’t touch that dial, because we will be right back!
http://www.capecharlesmirror.com/paul-p ... ent-901412
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 21, 2024 AT 9:28 PM
Paul Plante says:
And while we are on the subject of corporate profits fueling the Wall Street rally Joe Biden is attributing to BIDE-O-NOMICS as he takes credit for making it happen, it seems like only yesterday that we were reading a Reuters story titled “GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory” on February 13, 2024, where we learned as follows:
Feb 13 (Reuters) – GlobalFoundries forecast its first quarter below market estimates on Tuesday, as some customers continue to clear excess chip inventory while others opt for more advanced manufacturing processes which are not provided by the contract chipmaker.
Customers in end markets such as communications infrastructure and data center have been working down existing chip inventory, weighing on demand for GlobalFoundries.
Shares of the company were down 4%.
end quotes
And see, people, that simply is not good, not good at all, that shares in GlobalFoundries should be down, at all, let alone 4%, because that calls into question just how effective BIDE-O-NOMICS really has been, which takes us back to that story for more detail, as follows:
GlobalFoundries expects its first-quarter revenue to be in the range of $1.50 billion to $1.54 billion, compared with analysts’ average estimate of $1.76 billion, according to LSEG data.
“We remain cautious on the outlook for 2024, and are closely monitoring for signs of improved demand in the macroeconomic indicators while our customers actively manage down their inventory levels,” Caulfield said.
GlobalFoundries expects adjusted profit per share to be in the range of 18 cents to 28 cents in the first quarter, versus analysts’ estimate of 46 cents.
end quotes
And here, with all that in mind, to see BIDE-O-NOMICS in action in a bid to boost the stock price of GlobalFoundries as a way of showcasing just how effective BIDE-O-NOMICS really is with respect to causing Wall Street rallys, just six short days later, we are reading a story in the Albany, New York Times Union titled “GlobalFoundries wins $3 billion from feds for massive expansion – Chipmaker to sign largest CHIPS Act funding deal to date, paving way for $12.5 billion expansion that includes long-anticipated second fab in Malta” by Larry Rulison on February 19, 2024, where we learn how Joe Biden is going to step in and save GlobalFoundries and create a lot of real high-paying jobs to boost Joe’s chances in the polls come November, as Joe pours out federal dollars in a bid to buy this upcoming election, to wit:
The White House will announce Monday a $3.1 billion federal aid package it has negotiated with GlobalFoundries to help the semiconductor company undertake a historic $12.5 billion expansion in Saratoga County and Vermont, work that would include the construction of a second computer chip factory at its Fab 8 headquarters in Malta.
end quotes
Yes, people, under Joe Biden, it is considered sound economic policy to use borrowed federal funds at interest to build a second factory to make the product the first factory is making, but doesn’t have customers for.
That is how Joe is going to build back better to build an economy from the bottom up and the middle out to make America an industrial behemoth that would be the wonder of the modern world to showcase the greatness of American DICTATOR Joseph Robinette Biden, Junior, who is following the economic blueprint used by Soviet dictator Joe Stalin to make the old Soviet Union the industrial powerhouse and envy of the world that it was under Stalin, who Joe Biden hopes to emulate here as he does the same for America, which takes us back to the story, to wit:
Officials said the money would help add more than 1,000 jobs at the new factory at the company’s Saratoga County headquarters and GlobalFoundries’ operation in Essex Junction, Vt.
The federal funding will come from the U.S. Commerce Department through the $52 billion CHIPS and Science Act authored by U.S. Senate Majority Leader Charles Schumer of New York and signed by President Joe Biden in 2022.
The CHIPS law provides an unprecedented amount of money and support for computer chip companies to expand manufacturing and supply chains in the United States.
It was enacted as a rising China increasingly is seen as a geopolitical adversary to the U.S. and Taiwan, where the majority of high-end chips are made.
“This is such a big day,” U.S. Commerce Department Secretary Gina Raimondo said during a conference call with reporters on Sunday.
“A big day for our country, and a big day for New York and Vermont.”
end quotes
HUH?
A big day for our country?
How so, Gina?
I recall reading a Fox News story titled “Whatever happened to the global chip shortage?” by Bret Baier and Amy Munneke on 28 March 2023, where we were informed as follows:
President Biden has been traveling across the country to meet with state leaders in an effort to ramp up semiconductor production across the United States.
“America is coming back.”
“We’re determined to lead the world in the manufacturing of semiconductors,” President Biden said Tuesday.
end quotes
And that is what this is all about people – THE GREATNESS AND MAJESTY OF AMERICAN DICTATOR JOSEPH ROBINETTE BIDEN, JUNIOR!
Joe is determined to lead the world in the manufacturing of semiconductors, and by God, that is going to happen, even if Joe doesn’t have a market for them, because Joe doesn’t know about needing markets, never having worked a day in his life as anything but a hack politician getting his palm greased and his pocket stuffed while feeding off the taxpayers, which again takes us back to that story, to wit:
Nearly three years ago, the coronavirus pandemic exposed the first signs of U.S. vulnerability when it came to semiconductor manufacturing.
“The reality is we had a whole world clambering for electronics to work at home and to study at home, and those electronics are chock full of chips.”
“So, no surprise, demand for chips just went off the charts,” Semiconductor Industry Association President John Neuffer said.
Neuffer said most U.S. fabs were operating at full capacity but they couldn’t keep up with the demand needed.
Biden signed the CHIPS and Science Act into law last year following a bipartisan push from lawmakers.
It’s incentivized companies to build and manufacture on U.S. soil.
“We eventually were able to catch up.”
“That’s the short term.”
“The CHIPS Act is really for the long term,” Neuffer said.
Commerce Secretary Gina Raimondo spoke about the CHIPS for America Program on “Special Report” this past February.
Semiconductor companies have been able to apply for those incentives through the initiative.
“Congress has sent $52 billion to us here at the Commerce Department and it’s our job to invest that, working with companies to make chips in America,” Raimondo said.
“Every governor out there thinks the next chip factory will be in their state.”
“They will compete.”
“I’m sure they’ll put incentives on the table and that’s what they should do.”
Many companies began breaking ground on new facilities and expansions before the CHIPS Act was officially signed, including New York-based GlobalFoundries.
“We need the right economics to continue to add capacity in the U.S.,” GlobalFoundries CEO Thomas Caulfield said.
“We have a facility that needs to grow to full scale in upstate New York in what we call Fab 8.”
“The chips will be an integral part of the economics to close the funding gap, to create that capacity that can compete globally against all the players in manufacturing.”
Since the end of 2022, at least 23 new chip fabs have been announced and nine will increase production, according to the Semiconductor Industry Association.
Companies including Intel and TSMC have announced plans to build new fabs in Arizona.
“Nationwide, we have suppliers that all over the country that’ll be providing the tooling and the materials needed to build the best semiconductor chips in the world,” Kelly said.
“These are also jobs that you don’t need a four-year degree to get and you can actually get a salary you can raise a family on.”
U.S. domestic production is expected to increase in the near future, but competing abroad with Taiwan could take some time.
“I would say it’s going to take us years.”
“The CHIPS funding gives us the tools we need to start manufacturing these semiconductor chips here,” Kelly said.
“What it means for our country: that we don’t have to go across the Pacific Ocean to get something so critical that’s in everything that has an on/off switch.”
Caulfield pointed out it took around three decades to create the imbalance in semiconductor production around the world.
“This didn’t happen overnight for our industry,” Caulfield said.
“It’s going to take decades to correct that issue.”
“So this is a good start and the sooner we get going on this as an industry, the better we’ll be.”
“Probably the biggest issue we still need to contend with is to make sure the demand for all this capacity we want in the U.S. materializes,” Caulfield said.
“The last thing we want to do is in industry, create capacity in the U.S. and have it go underutilized.”
end quotes
THE LAST THING WE WANT TO DO IN INDUSTRY IN AMERICA, people, IS TO CREATE, AS JOE BIDEN AND GINA RAIMONDO ARE DOING, THOUGHTLESSLY, CAPACITY IN THE U.S. AND HAVE IT GO UNDERUTILIZED, SO WHY THEN ARE THEY DOING IT, OTHER THAN TO BUY AN ELECTION?
http://www.capecharlesmirror.com/paul-p ... ent-901962
Paul Plante says:
And while we are on the subject of corporate profits fueling the Wall Street rally Joe Biden is attributing to BIDE-O-NOMICS as he takes credit for making it happen, it seems like only yesterday that we were reading a Reuters story titled “GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory” on February 13, 2024, where we learned as follows:
Feb 13 (Reuters) – GlobalFoundries forecast its first quarter below market estimates on Tuesday, as some customers continue to clear excess chip inventory while others opt for more advanced manufacturing processes which are not provided by the contract chipmaker.
Customers in end markets such as communications infrastructure and data center have been working down existing chip inventory, weighing on demand for GlobalFoundries.
Shares of the company were down 4%.
end quotes
And see, people, that simply is not good, not good at all, that shares in GlobalFoundries should be down, at all, let alone 4%, because that calls into question just how effective BIDE-O-NOMICS really has been, which takes us back to that story for more detail, as follows:
GlobalFoundries expects its first-quarter revenue to be in the range of $1.50 billion to $1.54 billion, compared with analysts’ average estimate of $1.76 billion, according to LSEG data.
“We remain cautious on the outlook for 2024, and are closely monitoring for signs of improved demand in the macroeconomic indicators while our customers actively manage down their inventory levels,” Caulfield said.
GlobalFoundries expects adjusted profit per share to be in the range of 18 cents to 28 cents in the first quarter, versus analysts’ estimate of 46 cents.
end quotes
And here, with all that in mind, to see BIDE-O-NOMICS in action in a bid to boost the stock price of GlobalFoundries as a way of showcasing just how effective BIDE-O-NOMICS really is with respect to causing Wall Street rallys, just six short days later, we are reading a story in the Albany, New York Times Union titled “GlobalFoundries wins $3 billion from feds for massive expansion – Chipmaker to sign largest CHIPS Act funding deal to date, paving way for $12.5 billion expansion that includes long-anticipated second fab in Malta” by Larry Rulison on February 19, 2024, where we learn how Joe Biden is going to step in and save GlobalFoundries and create a lot of real high-paying jobs to boost Joe’s chances in the polls come November, as Joe pours out federal dollars in a bid to buy this upcoming election, to wit:
The White House will announce Monday a $3.1 billion federal aid package it has negotiated with GlobalFoundries to help the semiconductor company undertake a historic $12.5 billion expansion in Saratoga County and Vermont, work that would include the construction of a second computer chip factory at its Fab 8 headquarters in Malta.
end quotes
Yes, people, under Joe Biden, it is considered sound economic policy to use borrowed federal funds at interest to build a second factory to make the product the first factory is making, but doesn’t have customers for.
That is how Joe is going to build back better to build an economy from the bottom up and the middle out to make America an industrial behemoth that would be the wonder of the modern world to showcase the greatness of American DICTATOR Joseph Robinette Biden, Junior, who is following the economic blueprint used by Soviet dictator Joe Stalin to make the old Soviet Union the industrial powerhouse and envy of the world that it was under Stalin, who Joe Biden hopes to emulate here as he does the same for America, which takes us back to the story, to wit:
Officials said the money would help add more than 1,000 jobs at the new factory at the company’s Saratoga County headquarters and GlobalFoundries’ operation in Essex Junction, Vt.
The federal funding will come from the U.S. Commerce Department through the $52 billion CHIPS and Science Act authored by U.S. Senate Majority Leader Charles Schumer of New York and signed by President Joe Biden in 2022.
The CHIPS law provides an unprecedented amount of money and support for computer chip companies to expand manufacturing and supply chains in the United States.
It was enacted as a rising China increasingly is seen as a geopolitical adversary to the U.S. and Taiwan, where the majority of high-end chips are made.
“This is such a big day,” U.S. Commerce Department Secretary Gina Raimondo said during a conference call with reporters on Sunday.
“A big day for our country, and a big day for New York and Vermont.”
end quotes
HUH?
A big day for our country?
How so, Gina?
I recall reading a Fox News story titled “Whatever happened to the global chip shortage?” by Bret Baier and Amy Munneke on 28 March 2023, where we were informed as follows:
President Biden has been traveling across the country to meet with state leaders in an effort to ramp up semiconductor production across the United States.
“America is coming back.”
“We’re determined to lead the world in the manufacturing of semiconductors,” President Biden said Tuesday.
end quotes
And that is what this is all about people – THE GREATNESS AND MAJESTY OF AMERICAN DICTATOR JOSEPH ROBINETTE BIDEN, JUNIOR!
Joe is determined to lead the world in the manufacturing of semiconductors, and by God, that is going to happen, even if Joe doesn’t have a market for them, because Joe doesn’t know about needing markets, never having worked a day in his life as anything but a hack politician getting his palm greased and his pocket stuffed while feeding off the taxpayers, which again takes us back to that story, to wit:
Nearly three years ago, the coronavirus pandemic exposed the first signs of U.S. vulnerability when it came to semiconductor manufacturing.
“The reality is we had a whole world clambering for electronics to work at home and to study at home, and those electronics are chock full of chips.”
“So, no surprise, demand for chips just went off the charts,” Semiconductor Industry Association President John Neuffer said.
Neuffer said most U.S. fabs were operating at full capacity but they couldn’t keep up with the demand needed.
Biden signed the CHIPS and Science Act into law last year following a bipartisan push from lawmakers.
It’s incentivized companies to build and manufacture on U.S. soil.
“We eventually were able to catch up.”
“That’s the short term.”
“The CHIPS Act is really for the long term,” Neuffer said.
Commerce Secretary Gina Raimondo spoke about the CHIPS for America Program on “Special Report” this past February.
Semiconductor companies have been able to apply for those incentives through the initiative.
“Congress has sent $52 billion to us here at the Commerce Department and it’s our job to invest that, working with companies to make chips in America,” Raimondo said.
“Every governor out there thinks the next chip factory will be in their state.”
“They will compete.”
“I’m sure they’ll put incentives on the table and that’s what they should do.”
Many companies began breaking ground on new facilities and expansions before the CHIPS Act was officially signed, including New York-based GlobalFoundries.
“We need the right economics to continue to add capacity in the U.S.,” GlobalFoundries CEO Thomas Caulfield said.
“We have a facility that needs to grow to full scale in upstate New York in what we call Fab 8.”
“The chips will be an integral part of the economics to close the funding gap, to create that capacity that can compete globally against all the players in manufacturing.”
Since the end of 2022, at least 23 new chip fabs have been announced and nine will increase production, according to the Semiconductor Industry Association.
Companies including Intel and TSMC have announced plans to build new fabs in Arizona.
“Nationwide, we have suppliers that all over the country that’ll be providing the tooling and the materials needed to build the best semiconductor chips in the world,” Kelly said.
“These are also jobs that you don’t need a four-year degree to get and you can actually get a salary you can raise a family on.”
U.S. domestic production is expected to increase in the near future, but competing abroad with Taiwan could take some time.
“I would say it’s going to take us years.”
“The CHIPS funding gives us the tools we need to start manufacturing these semiconductor chips here,” Kelly said.
“What it means for our country: that we don’t have to go across the Pacific Ocean to get something so critical that’s in everything that has an on/off switch.”
Caulfield pointed out it took around three decades to create the imbalance in semiconductor production around the world.
“This didn’t happen overnight for our industry,” Caulfield said.
“It’s going to take decades to correct that issue.”
“So this is a good start and the sooner we get going on this as an industry, the better we’ll be.”
“Probably the biggest issue we still need to contend with is to make sure the demand for all this capacity we want in the U.S. materializes,” Caulfield said.
“The last thing we want to do is in industry, create capacity in the U.S. and have it go underutilized.”
end quotes
THE LAST THING WE WANT TO DO IN INDUSTRY IN AMERICA, people, IS TO CREATE, AS JOE BIDEN AND GINA RAIMONDO ARE DOING, THOUGHTLESSLY, CAPACITY IN THE U.S. AND HAVE IT GO UNDERUTILIZED, SO WHY THEN ARE THEY DOING IT, OTHER THAN TO BUY AN ELECTION?
http://www.capecharlesmirror.com/paul-p ... ent-901962
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 22, 2024 AT 6:10 PM
Paul Plante says:
And while we are on the subject of Joe Biden blatantly using taxpayer dollars to goose the stock market in a bid to create the illusion of a vibrant and flourishing economy in order to make his BIDE-O-NOMICS look like an American success story so that Janet “TOODLES” Yellen and Lael Brainard have something to tout out there on the campaign trail as they stump for Joe, let’s take a look at Plug Power, whose stock price is another beneficiary of Joe’s largesse with taxpayer dollars.
According to its website, Plug Power helps businesses achieve greater productivity and sustainability in an electrified world through hydrogen and fuel cells.
Going back to November 5, 2023, we find Plug Power making national news related to Joe Biden’s INSANE GREEN DREAM in an article by Larry Rulison in the Albany, New York Times Union titled “Could new hydrogen discovery provide cheaper form of ‘green’ hydrogen? – French scientists found that underground hydrogen is more plentiful than previously expected, although extracting it could be a different story,” where we are informed as follows, to wit:
COLONIE — Both the Biden and Hochul administrations are making huge investments into the production of “green” hydrogen — a manmade form of hydrogen that is made from water using renewable energy.
And Plug Power, the Latham fuel cell maker, has also made huge bets on seeking to become one of the world’s largest manufacturers and suppliers of green hydrogen — considered by some to be a nearly perfect emissions-free energy source to replace fossil fuels in transportation, power plants, houses and businesses.
When using renewable, non-emissions electricity sources like wind or solar power, electrolysis produces what’s known as green hydrogen.
That’s the business that Plug Power is in.
The company has been building green hydrogen plants all across the United States and also internationally as governments across the globe seek to reduce and eventually eliminate the use of fossil fuels.
The company’s efforts, which have been supported by both the state and federal government with tax breaks and other financial assistance, have led it to become the world’s largest producer of green hydrogen, although the market is very small compared to the overall hydrogen market.
end quotes
TAX BREAKS, people, and OTHER FINANCIAL ASSISTANCE, which is called CORPORATE WELFARE!
Joe Biden and his pack of DEMOCRATS go on and on and on, blaming Trump and the Republicans for the huge deficit as a result to them handing out tax breaks to rich Americans, but Joe and the DEMOCRATS are doing the same exact thing, as we clearly see right above here, which takes us forward in time to November 11, 2023, and a story in TheStreet titled “Plug Power collapses after ‘going concern’ warning from hydrogen developer” by Martin Baccardax, where we have as follows, which will require a GOVERNMENT BAIL-OUT by Joe Biden to fix to keep Joe’s Wall Street Rally going, to wit:
Plug Power shares plunged lower Friday after the hydrogen-fuel-cell developer warned that it may not be able to continue operations amid supply chain disruptions and a severe cash burn rate.
Plug Power, which provides fuel cells for electrified industrial vehicles used by Amazon and Walmart, also posted weaker-than-expected third quarter sales of $199 million last night, thanks in part to what it described as “unprecedented hydrogen supply challenges” in the north American hydrogen market.
In a later filing with the Securities and Exchange Commission, however, Plug Power also added that given its current cash position and expected capital spending, there is “substantial doubt about the Company’s ability to continue as a going concern.”
The group is seeking a $1.5 billion loan from the Department of Energy, as part of its green hydrogen network financing, but funds are unlikely to being flowing into the Latham, New York-based group until early next year.
“To alleviate the conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern, management is currently evaluating several different options to enhance the Company’s liquidity position, including the sale of securities, incurrence of debt or other financing alternative,” Plug Power said.
“The Company’s plan includes various financing solutions from third parties with a particular focus on corporate level debt solutions, investment tax credit related project financings and loan guarantee programs, and/or large scale hydrogen generation infrastructure project financing,” Plug Power added in the 10-Q filing.
Plug Power shares were marked 28.8% lower in pre-market trading to indicate an opening bell price of $4.22 each.
KeyBanc Capital Markets analyst Sangita Jain, who carries a ‘sector weight’ rating on Plug Power stock, said the lack of a detailed financial plan amid the ‘going concern’ warning is troubling.
“Management reiterated the myriad options being considered including project finance, ABLs, advances against restricted cash and inventory draw down,” she said.
“But nothing has been decided despite elevated cash burn and the unrestricted cash & available for sale securities balance declining from $2 billion at the end of last year to around $500 million at the end of the third quarter.”
end quotes
So, without MASSIVE LIFE SUPPORT from Joe Biden using taxpayer dollars which we peons and serfs are on the hook for, Plug Power was not a viable business, which takes us to a Bloomberg article on Joe Biden’s INSANE GREEN DREAM titled “A $30 Billion Meltdown in Clean Energy Puts Biden’s Climate Goals at Risk” by David R Baker, Saijel Kishan and Jennifer A Dlouhy on November 30, 2023, where we have this hard look at the reality Joe Biden and Gina Raimondo and Jennifer Granholm all think we are too stupid to grasp, because they all are, to wit:
(Bloomberg Businessweek) — No one expected the transition from fossil fuels to be easy.
But a year after President Joe Biden’s landmark climate law promised billions of dollars for America’s switch to clean energy, some of the nation’s most ambitious renewable power projects have been shelved, electric car sales are missing targets and investors are fleeing the sector in droves.
The result is a $30 billion collapse in US clean energy stocks in the last six months — a market many investors expected to flourish in the aftermath of the law’s passage.
end quotes
NOTE: TO BE AN “INVESTOR,” ALL YOU NEED IS MONEY, NO BRAINS OR INTELLIGENCE IS REQUIRED!
Scanning down that story, we then come to this:
The giddy enthusiasm that followed the Inflation Reduction Act’s passage evaporated, wiping out a quarter of the market value of US companies in the S&P Global Clean Energy Index in the six months ended Nov. 27.
It’s a meltdown that underscores the obstacles standing in the way of Biden’s ambitious climate goals.
Along with sky-high financing costs, clean energy companies face the problems of winning over potential neighbors for their projects, securing government permits and plugging into a creaky power grid unable to handle all the renewable power that’s planned.
end quotes
The sky-high financing costs these projects are facing, of course, are as a direct result of BIDE-O-NOMICS, which takes us back to Bloomberg for more of the reality that escapes Joe Biden and Gina Raimondo and Jennifer Granholm, to wit:
The warnings are clear: America’s road to achieving a zero-carbon electricity grid by 2035 is getting rockier by the day.
The specter of bankruptcies now haunts the sector.
It was only two years ago that Wall Street investors and bankers headed to Scotland for a global climate meeting, waxing lyrical about net-zero emissions goals and the profits to be made from the shift to cleaner energy.
That’s a stark contrast to the current mood as the world convenes again for climate talks at the COP28 summit this week in Dubai.
Biden’s sweeping climate law offers at least $374 billion in tax credits and other incentives to spur the energy transition.
Many saw it as a grand experiment to test whether subsidies, rather than top-down government mandates, would be enough to accelerate a change the planet desperately needs.
Instead, the US remains far off track for reaching Biden’s goal of a net-zero economy by 2050.
Companies such as Plug Power Inc. are building hydrogen production plants, but potential users have been slow to sign supply deals, since switching from natural gas to hydrogen usually means installing expensive new equipment.
In mid-November, Plug Power issued a going-concern warning, an accounting term that means the business may be illiquid within 12 months.
end quotes
But have no fear, people, because as we will see, “BAIL-OUT JOE” Biden is coming to the rescue with gobs of federal money to pull Plug Power’s fat back out of the fire, and when we return from our break for station identification, that story will continue, so stay tuned and don’t touch that dial!
http://www.capecharlesmirror.com/paul-p ... ent-901962
Paul Plante says:
And while we are on the subject of Joe Biden blatantly using taxpayer dollars to goose the stock market in a bid to create the illusion of a vibrant and flourishing economy in order to make his BIDE-O-NOMICS look like an American success story so that Janet “TOODLES” Yellen and Lael Brainard have something to tout out there on the campaign trail as they stump for Joe, let’s take a look at Plug Power, whose stock price is another beneficiary of Joe’s largesse with taxpayer dollars.
According to its website, Plug Power helps businesses achieve greater productivity and sustainability in an electrified world through hydrogen and fuel cells.
Going back to November 5, 2023, we find Plug Power making national news related to Joe Biden’s INSANE GREEN DREAM in an article by Larry Rulison in the Albany, New York Times Union titled “Could new hydrogen discovery provide cheaper form of ‘green’ hydrogen? – French scientists found that underground hydrogen is more plentiful than previously expected, although extracting it could be a different story,” where we are informed as follows, to wit:
COLONIE — Both the Biden and Hochul administrations are making huge investments into the production of “green” hydrogen — a manmade form of hydrogen that is made from water using renewable energy.
And Plug Power, the Latham fuel cell maker, has also made huge bets on seeking to become one of the world’s largest manufacturers and suppliers of green hydrogen — considered by some to be a nearly perfect emissions-free energy source to replace fossil fuels in transportation, power plants, houses and businesses.
When using renewable, non-emissions electricity sources like wind or solar power, electrolysis produces what’s known as green hydrogen.
That’s the business that Plug Power is in.
The company has been building green hydrogen plants all across the United States and also internationally as governments across the globe seek to reduce and eventually eliminate the use of fossil fuels.
The company’s efforts, which have been supported by both the state and federal government with tax breaks and other financial assistance, have led it to become the world’s largest producer of green hydrogen, although the market is very small compared to the overall hydrogen market.
end quotes
TAX BREAKS, people, and OTHER FINANCIAL ASSISTANCE, which is called CORPORATE WELFARE!
Joe Biden and his pack of DEMOCRATS go on and on and on, blaming Trump and the Republicans for the huge deficit as a result to them handing out tax breaks to rich Americans, but Joe and the DEMOCRATS are doing the same exact thing, as we clearly see right above here, which takes us forward in time to November 11, 2023, and a story in TheStreet titled “Plug Power collapses after ‘going concern’ warning from hydrogen developer” by Martin Baccardax, where we have as follows, which will require a GOVERNMENT BAIL-OUT by Joe Biden to fix to keep Joe’s Wall Street Rally going, to wit:
Plug Power shares plunged lower Friday after the hydrogen-fuel-cell developer warned that it may not be able to continue operations amid supply chain disruptions and a severe cash burn rate.
Plug Power, which provides fuel cells for electrified industrial vehicles used by Amazon and Walmart, also posted weaker-than-expected third quarter sales of $199 million last night, thanks in part to what it described as “unprecedented hydrogen supply challenges” in the north American hydrogen market.
In a later filing with the Securities and Exchange Commission, however, Plug Power also added that given its current cash position and expected capital spending, there is “substantial doubt about the Company’s ability to continue as a going concern.”
The group is seeking a $1.5 billion loan from the Department of Energy, as part of its green hydrogen network financing, but funds are unlikely to being flowing into the Latham, New York-based group until early next year.
“To alleviate the conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern, management is currently evaluating several different options to enhance the Company’s liquidity position, including the sale of securities, incurrence of debt or other financing alternative,” Plug Power said.
“The Company’s plan includes various financing solutions from third parties with a particular focus on corporate level debt solutions, investment tax credit related project financings and loan guarantee programs, and/or large scale hydrogen generation infrastructure project financing,” Plug Power added in the 10-Q filing.
Plug Power shares were marked 28.8% lower in pre-market trading to indicate an opening bell price of $4.22 each.
KeyBanc Capital Markets analyst Sangita Jain, who carries a ‘sector weight’ rating on Plug Power stock, said the lack of a detailed financial plan amid the ‘going concern’ warning is troubling.
“Management reiterated the myriad options being considered including project finance, ABLs, advances against restricted cash and inventory draw down,” she said.
“But nothing has been decided despite elevated cash burn and the unrestricted cash & available for sale securities balance declining from $2 billion at the end of last year to around $500 million at the end of the third quarter.”
end quotes
So, without MASSIVE LIFE SUPPORT from Joe Biden using taxpayer dollars which we peons and serfs are on the hook for, Plug Power was not a viable business, which takes us to a Bloomberg article on Joe Biden’s INSANE GREEN DREAM titled “A $30 Billion Meltdown in Clean Energy Puts Biden’s Climate Goals at Risk” by David R Baker, Saijel Kishan and Jennifer A Dlouhy on November 30, 2023, where we have this hard look at the reality Joe Biden and Gina Raimondo and Jennifer Granholm all think we are too stupid to grasp, because they all are, to wit:
(Bloomberg Businessweek) — No one expected the transition from fossil fuels to be easy.
But a year after President Joe Biden’s landmark climate law promised billions of dollars for America’s switch to clean energy, some of the nation’s most ambitious renewable power projects have been shelved, electric car sales are missing targets and investors are fleeing the sector in droves.
The result is a $30 billion collapse in US clean energy stocks in the last six months — a market many investors expected to flourish in the aftermath of the law’s passage.
end quotes
NOTE: TO BE AN “INVESTOR,” ALL YOU NEED IS MONEY, NO BRAINS OR INTELLIGENCE IS REQUIRED!
Scanning down that story, we then come to this:
The giddy enthusiasm that followed the Inflation Reduction Act’s passage evaporated, wiping out a quarter of the market value of US companies in the S&P Global Clean Energy Index in the six months ended Nov. 27.
It’s a meltdown that underscores the obstacles standing in the way of Biden’s ambitious climate goals.
Along with sky-high financing costs, clean energy companies face the problems of winning over potential neighbors for their projects, securing government permits and plugging into a creaky power grid unable to handle all the renewable power that’s planned.
end quotes
The sky-high financing costs these projects are facing, of course, are as a direct result of BIDE-O-NOMICS, which takes us back to Bloomberg for more of the reality that escapes Joe Biden and Gina Raimondo and Jennifer Granholm, to wit:
The warnings are clear: America’s road to achieving a zero-carbon electricity grid by 2035 is getting rockier by the day.
The specter of bankruptcies now haunts the sector.
It was only two years ago that Wall Street investors and bankers headed to Scotland for a global climate meeting, waxing lyrical about net-zero emissions goals and the profits to be made from the shift to cleaner energy.
That’s a stark contrast to the current mood as the world convenes again for climate talks at the COP28 summit this week in Dubai.
Biden’s sweeping climate law offers at least $374 billion in tax credits and other incentives to spur the energy transition.
Many saw it as a grand experiment to test whether subsidies, rather than top-down government mandates, would be enough to accelerate a change the planet desperately needs.
Instead, the US remains far off track for reaching Biden’s goal of a net-zero economy by 2050.
Companies such as Plug Power Inc. are building hydrogen production plants, but potential users have been slow to sign supply deals, since switching from natural gas to hydrogen usually means installing expensive new equipment.
In mid-November, Plug Power issued a going-concern warning, an accounting term that means the business may be illiquid within 12 months.
end quotes
But have no fear, people, because as we will see, “BAIL-OUT JOE” Biden is coming to the rescue with gobs of federal money to pull Plug Power’s fat back out of the fire, and when we return from our break for station identification, that story will continue, so stay tuned and don’t touch that dial!
http://www.capecharlesmirror.com/paul-p ... ent-901962
Re: Just musings, is all
THE CAPE CHARLES MIRROR FEBRUARY 23, 2024 AT 6:49 PM
Paul Plante says:
The derogatory term “pipe laying” in American politics, which is exactly what we are seeing going on here with respect to Joe Biden drawing on every single slimy DEMOCRAT political trick in their book to rig elections, in this case of BIDEN PIPE LAYING, using taxpayer dollars to provide “good paying union jobs” building factories and infrastructure for corporate America, goes back to the late 1830s, and was used to denounce corruption, as was the case with one antebellum editorial denouncing “internal improvements” and “canal enlargement” as ways to buy working-class votes, which is exactly what Joe Biden is doing here with his BIDE-O-NOMICS, which takes us back to the saga of Plug Power, which Joe Biden is going to transform from an UGLY DUCKLING into a WALL $TREET DARLING, and a relevant Reuters article titled “Wall St ends lower as investors weigh fresh employment data” by Noel Randewich and Amruta Khandekar on December 6, 2023, where we have as follows on where Plug Power has been, before Joe Biden, like a WHITE KNIGHT on his steed, came forth to rescue it like a damsel in distress, to wit:
Plug Power fell 5.9% after Morgan Stanley downgraded the hydrogen fuel cell firm to “underweight” from “equal weight.”
end quote
As was stated above, without MASSIVE LIFE SUPPORT from Joe Biden using taxpayer dollars which we peons and serfs are on the hook for, Plug Power was not a viable business, which reality was reflected in that Morgan Stanley downgrade, which downgrade, of course, impacted on the efficacy of BIDE-O-NOMICS, which is supposed to keep Wall Street humming along through the campaign season, reaching new records every day thanks to Joe Biden and his BIDE-O-NOMICS, the likes of which hasn’t been seen in the world since Joe Stalin and his five-year plans built back the Soviet Union better with an economy that worked from the bottom up and middle out, and from there, to see how this story progresses with more CORPORATE WELFARE on the way, we next go to a Fox News article titled “White House unveils strict hydrogen regulations in victory for environmentalists” by Thomas Catenacci on December 23, 2023, where we have this development to consider, to wit:
The White House unveiled highly anticipated guidance placing significant restrictions on the type of hydrogen power development eligible for generous federal tax credits.
The proposed guidance, released Friday morning in a joint announcement by the White House, Treasury Department and Department of Energy, tethers the 2022 Inflation Reduction Act’s (IRA) highest production credit of $3 per kilogram of hydrogen produced to tight green energy standards.
“The Inflation Reduction Act’s hydrogen tax credit will help build a clean hydrogen industry that will be critical in reducing emissions from harder-to-decarbonize sectors like heavy industry and heavy transportation,” John Podesta, President Biden’s clean energy czar, said in a statement.
“Today’s announcement will further unprecedented investments in a new, American-led industry as we aim to lead and propel the global clean energy transition,” added Energy Secretary Jennifer Granholm.
end quotes
Ah, yes, people, “PIPE LAYING” in an election year on a massive scale fueled by FEDERAL DEBT we are on the hook for, which takes us back for more, to wit:
“Hydrogen has the potential to clean up America’s manufacturing industry, power the transportation sector and shore up our energy security all while delivering good-paying jobs and new economic opportunity to communities in every pocket of America.”
Overall, the hydrogen production tax credits are some of the most generous clean energy incentives earmarked under the IRA, Democrats’ massive climate and tax bill President Biden signed in August 2022, and are worth up to $100 billion.
end quotes
TAX CREDITS, people!
And what, pray tell, is a tax credit?
Quite simply, a tax credit is a dollar amount that you can subtract from your income tax to reduce your overall tax liability, so that, while a tax refund simply represents the difference between the taxes you paid versus the taxes you actually owe, a tax credit is a benefit that directly reduces your tax burden, and that takes us to June 9, 2023, and a “Statement from Press Secretary Karine Jean-Pierre on House Republicans’ Tax Scam 2.0,” where we see BIDEN-ESQUE HYPOCRISY and BULL**** SLINGING on a grand scale, to wit:
The GOP Tax Scam 2.0 once again makes clear the House Republicans’ values: their priority isn’t reducing the deficit or out-competing the world, their priority is giving handouts to rich special interests and corporations at the expense of everyone else.
end quote
HUH?
Does this little BIDEN NINNY (a foolish or stupid person or simpleton) think we are all stupid and uninformed just because she, Joe Biden, everyone in his administration, and by extension, every DEMOCRAT in America and the world who support Joe Biden are all stupid and uninformed and don’t know up from down?
How about rewording that so that it correctly states that it is the BIDEN TAX SCAM once again making incandescently clear the BIDEN ADMINISTRATION’S values: Joe’s priority isn’t reducing the deficit!
Joe’s priority is giving handouts to rich special interests and corporations at the expense of everyone else, so that when Joe goes to his HIGH DOLLAR FUNDRAISER$, those rich special interests and corporations have some spare coin to stuff Joe’s pockets with!
Going back to June 9, 2023, and a “Statement from Press Secretary Karine Jean-Pierre on House Republicans’ Tax Scam 2.0,” we have more BIDEN-ESQUE HYPOCRISY and BULL**** SLINGING on a grand scale, to wit:
Just days ago, House Republicans were demanding devastating cuts to programs hard-working Americans count on — from health care to public safety to Meals on Wheels — in the name of “deficit reduction.”
Today, they are proposing to spend hundreds of billions on tax breaks for big corporations.
end quotes
The republicans are proposing to spend hundreds of billions on tax breaks for big corporations?
How about Joe Biden is right now spending hundreds of billions on tax breaks for big corporations is more like it, which means that it is Joe Biden who is prioritizing tax breaks for big corporations, delivering those tax giveaways to large profitable corporations, while raising energy costs on American families by thousands of dollars a year, which takes us back to the Fox News article titled “White House unveils strict hydrogen regulations in victory for environmentalists” by Thomas Catenacci on December 23, 2023, to wit:
The legislation marked the nation’s most ambitious effort yet to spur the growth of hydrogen generation, which remains a nascent technology requiring billions of dollars in investment to achieve large-scale production.
However, the formulation of the tax credits has sparked an intense debate in recent months, leading to delays in issuing Friday’s guidance, as a result of the potential carbon emissions produced in the production of hydrogen.
The credits will be available for 10 years, starting on the date a hydrogen production facility is placed into service for projects that begin construction before 2033.
The IRA includes four tiers of credits, ranging from $0.60 per kilogram to $3 per tier, which are determined based on the carbon intensity of that production.
In addition, the guidance requires that, beginning in 2028, hydrogen developers’ electricity generation is sourced from a clean source on an hourly basis, the most stringent timescale.
In other words, the electricity generated for electrolysis must be produced within an hour of hydrogen production from that electricity.
And the final key provision for hydrogen produced using electricity mandates clean energy is sourced from a project in the same region.
Groups like the U.S. Chamber of Commerce, the Fuel Cell and Hydrogen Energy Association (FCHEA) and the Clean Hydrogen Future Coalition, in addition to hydropower and nuclear groups, have argued strict regulations like those unveiled Friday will deter investment, increase the cost of hydrogen, lead to fewer projects in the coming years and discriminate against existing low-carbon power sources.
“The guidance announced today by the Biden-Harris administration will place unnecessary burdens on the still nascent clean hydrogen industry,” FCHEA President and CEO Frank Wolak said Friday.
“The nation needs commonsense solutions for this tax credit that are aligned with the congressional intent to spur robust economic development and create jobs while reducing carbon emissions.
“Congress intended the tax credit to spur domestic clean hydrogen production and allow the United States to maintain an international competitive advantage, not to be an inadvertent backdoor to regulate use of the electric utility grid,” he added.
“The United States cannot achieve its climate goals without clean hydrogen, and these proposed regulations and requirements will unnecessarily hold back our domestic industry, driving investment, manufacturing and technology leadership overseas.”
Marty Durbin, the president of the U.S. Chamber’s Global Energy Institute, said the guidance will “stunt the growth of a critical industry before it has even begun.”
Andy Marsh, the CEO of hydrogen fuel cell systems developer Plug Power, added the framework will “fall woefully short in achieving the administration’s decarbonization objectives.”
end quotes
And since there is more yet to come, here is a good time to take a break for station identification, but don’t change that dial, because we will be right back with more!
http://www.capecharlesmirror.com/paul-p ... ent-902230
Paul Plante says:
The derogatory term “pipe laying” in American politics, which is exactly what we are seeing going on here with respect to Joe Biden drawing on every single slimy DEMOCRAT political trick in their book to rig elections, in this case of BIDEN PIPE LAYING, using taxpayer dollars to provide “good paying union jobs” building factories and infrastructure for corporate America, goes back to the late 1830s, and was used to denounce corruption, as was the case with one antebellum editorial denouncing “internal improvements” and “canal enlargement” as ways to buy working-class votes, which is exactly what Joe Biden is doing here with his BIDE-O-NOMICS, which takes us back to the saga of Plug Power, which Joe Biden is going to transform from an UGLY DUCKLING into a WALL $TREET DARLING, and a relevant Reuters article titled “Wall St ends lower as investors weigh fresh employment data” by Noel Randewich and Amruta Khandekar on December 6, 2023, where we have as follows on where Plug Power has been, before Joe Biden, like a WHITE KNIGHT on his steed, came forth to rescue it like a damsel in distress, to wit:
Plug Power fell 5.9% after Morgan Stanley downgraded the hydrogen fuel cell firm to “underweight” from “equal weight.”
end quote
As was stated above, without MASSIVE LIFE SUPPORT from Joe Biden using taxpayer dollars which we peons and serfs are on the hook for, Plug Power was not a viable business, which reality was reflected in that Morgan Stanley downgrade, which downgrade, of course, impacted on the efficacy of BIDE-O-NOMICS, which is supposed to keep Wall Street humming along through the campaign season, reaching new records every day thanks to Joe Biden and his BIDE-O-NOMICS, the likes of which hasn’t been seen in the world since Joe Stalin and his five-year plans built back the Soviet Union better with an economy that worked from the bottom up and middle out, and from there, to see how this story progresses with more CORPORATE WELFARE on the way, we next go to a Fox News article titled “White House unveils strict hydrogen regulations in victory for environmentalists” by Thomas Catenacci on December 23, 2023, where we have this development to consider, to wit:
The White House unveiled highly anticipated guidance placing significant restrictions on the type of hydrogen power development eligible for generous federal tax credits.
The proposed guidance, released Friday morning in a joint announcement by the White House, Treasury Department and Department of Energy, tethers the 2022 Inflation Reduction Act’s (IRA) highest production credit of $3 per kilogram of hydrogen produced to tight green energy standards.
“The Inflation Reduction Act’s hydrogen tax credit will help build a clean hydrogen industry that will be critical in reducing emissions from harder-to-decarbonize sectors like heavy industry and heavy transportation,” John Podesta, President Biden’s clean energy czar, said in a statement.
“Today’s announcement will further unprecedented investments in a new, American-led industry as we aim to lead and propel the global clean energy transition,” added Energy Secretary Jennifer Granholm.
end quotes
Ah, yes, people, “PIPE LAYING” in an election year on a massive scale fueled by FEDERAL DEBT we are on the hook for, which takes us back for more, to wit:
“Hydrogen has the potential to clean up America’s manufacturing industry, power the transportation sector and shore up our energy security all while delivering good-paying jobs and new economic opportunity to communities in every pocket of America.”
Overall, the hydrogen production tax credits are some of the most generous clean energy incentives earmarked under the IRA, Democrats’ massive climate and tax bill President Biden signed in August 2022, and are worth up to $100 billion.
end quotes
TAX CREDITS, people!
And what, pray tell, is a tax credit?
Quite simply, a tax credit is a dollar amount that you can subtract from your income tax to reduce your overall tax liability, so that, while a tax refund simply represents the difference between the taxes you paid versus the taxes you actually owe, a tax credit is a benefit that directly reduces your tax burden, and that takes us to June 9, 2023, and a “Statement from Press Secretary Karine Jean-Pierre on House Republicans’ Tax Scam 2.0,” where we see BIDEN-ESQUE HYPOCRISY and BULL**** SLINGING on a grand scale, to wit:
The GOP Tax Scam 2.0 once again makes clear the House Republicans’ values: their priority isn’t reducing the deficit or out-competing the world, their priority is giving handouts to rich special interests and corporations at the expense of everyone else.
end quote
HUH?
Does this little BIDEN NINNY (a foolish or stupid person or simpleton) think we are all stupid and uninformed just because she, Joe Biden, everyone in his administration, and by extension, every DEMOCRAT in America and the world who support Joe Biden are all stupid and uninformed and don’t know up from down?
How about rewording that so that it correctly states that it is the BIDEN TAX SCAM once again making incandescently clear the BIDEN ADMINISTRATION’S values: Joe’s priority isn’t reducing the deficit!
Joe’s priority is giving handouts to rich special interests and corporations at the expense of everyone else, so that when Joe goes to his HIGH DOLLAR FUNDRAISER$, those rich special interests and corporations have some spare coin to stuff Joe’s pockets with!
Going back to June 9, 2023, and a “Statement from Press Secretary Karine Jean-Pierre on House Republicans’ Tax Scam 2.0,” we have more BIDEN-ESQUE HYPOCRISY and BULL**** SLINGING on a grand scale, to wit:
Just days ago, House Republicans were demanding devastating cuts to programs hard-working Americans count on — from health care to public safety to Meals on Wheels — in the name of “deficit reduction.”
Today, they are proposing to spend hundreds of billions on tax breaks for big corporations.
end quotes
The republicans are proposing to spend hundreds of billions on tax breaks for big corporations?
How about Joe Biden is right now spending hundreds of billions on tax breaks for big corporations is more like it, which means that it is Joe Biden who is prioritizing tax breaks for big corporations, delivering those tax giveaways to large profitable corporations, while raising energy costs on American families by thousands of dollars a year, which takes us back to the Fox News article titled “White House unveils strict hydrogen regulations in victory for environmentalists” by Thomas Catenacci on December 23, 2023, to wit:
The legislation marked the nation’s most ambitious effort yet to spur the growth of hydrogen generation, which remains a nascent technology requiring billions of dollars in investment to achieve large-scale production.
However, the formulation of the tax credits has sparked an intense debate in recent months, leading to delays in issuing Friday’s guidance, as a result of the potential carbon emissions produced in the production of hydrogen.
The credits will be available for 10 years, starting on the date a hydrogen production facility is placed into service for projects that begin construction before 2033.
The IRA includes four tiers of credits, ranging from $0.60 per kilogram to $3 per tier, which are determined based on the carbon intensity of that production.
In addition, the guidance requires that, beginning in 2028, hydrogen developers’ electricity generation is sourced from a clean source on an hourly basis, the most stringent timescale.
In other words, the electricity generated for electrolysis must be produced within an hour of hydrogen production from that electricity.
And the final key provision for hydrogen produced using electricity mandates clean energy is sourced from a project in the same region.
Groups like the U.S. Chamber of Commerce, the Fuel Cell and Hydrogen Energy Association (FCHEA) and the Clean Hydrogen Future Coalition, in addition to hydropower and nuclear groups, have argued strict regulations like those unveiled Friday will deter investment, increase the cost of hydrogen, lead to fewer projects in the coming years and discriminate against existing low-carbon power sources.
“The guidance announced today by the Biden-Harris administration will place unnecessary burdens on the still nascent clean hydrogen industry,” FCHEA President and CEO Frank Wolak said Friday.
“The nation needs commonsense solutions for this tax credit that are aligned with the congressional intent to spur robust economic development and create jobs while reducing carbon emissions.
“Congress intended the tax credit to spur domestic clean hydrogen production and allow the United States to maintain an international competitive advantage, not to be an inadvertent backdoor to regulate use of the electric utility grid,” he added.
“The United States cannot achieve its climate goals without clean hydrogen, and these proposed regulations and requirements will unnecessarily hold back our domestic industry, driving investment, manufacturing and technology leadership overseas.”
Marty Durbin, the president of the U.S. Chamber’s Global Energy Institute, said the guidance will “stunt the growth of a critical industry before it has even begun.”
Andy Marsh, the CEO of hydrogen fuel cell systems developer Plug Power, added the framework will “fall woefully short in achieving the administration’s decarbonization objectives.”
end quotes
And since there is more yet to come, here is a good time to take a break for station identification, but don’t change that dial, because we will be right back with more!
http://www.capecharlesmirror.com/paul-p ... ent-902230