POLITICS

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Re: POLITICS

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REUTERS

"Time for Fed to taper bond purchases but not to raise rates, Powell says"


By Lindsay Dunsmuir, Ann Saphir

OCTOBER 22, 2021

(Reuters) -Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial.

“I do think it’s time to taper; I don’t think it’s time to raise rates,” Powell said in a virtual appearance before a conference, noting that there are still five million fewer U.S. jobs now than there were before the coronavirus pandemic.

He also reiterated his view that high inflation will likely abate next year as pressures from the pandemic fade.

“We think we can be patient and allow the labor market to heal,” he said.

The Fed has promised to keep its benchmark overnight interest rate at the current near-zero level until the economy has returned to full employment and inflation has reached the central bank’s 2% goal and is on track to stay moderately above that level for some time.

It’s “very possible” the Fed’s full employment goal could be met next year, Powell said on Friday, if supply-chain constraints ease as expected and the service sector opens more fully, allowing job growth to speed back up.

Job gains slowed sharply in August and September as COVID-19 cases surged.

Still, it’s not a certainty, and if inflation - already higher and lasting longer than initially expected - moves persistently upward, the Fed would “certainly” act, he said.

“Our policy is well positioned to manage a range of plausible outcomes,” Powell added.

“We need to watch, and watch carefully, and see if the economy is evolving consistent with our expectations, and adapt policy accordingly.”

The remarks appeared to open the door to a possibility the Fed dreads: needing to raise interest rates to prevent inflation from spiraling out of control and, by doing so, cutting short the jobs recovery.

Powell said he doesn’t see that as the current situation, but he does see a growing tension between the Fed’s two mandates of full employment and stable prices.

“The risks are clearly now to longer and more persistent bottlenecks and, thus, to higher inflation,” he said.

For now, the Fed needs to “look through” that high inflation, despite the pain it means for households having to pay more for gas and food, in order to give time for the economy to work out supply kinks.

HIGHER RATES COMING

The Fed has signaled it will likely begin next month to taper its $120 billion in monthly purchases of Treasury bonds and mortgage-backed securities.

About half of Fed policymakers believe a rate hike will need to follow in 2022, with a few suggesting it may have to come by the summer.

The other half of U.S. rate-setters see rate hikes as not appropriate until 2023, and one of them - Minneapolis Fed President Neel Kashkari - is holding out for 2024.

But recent data appears to be falling in line with the views of those pushing for earlier hikes in borrowing costs.

Consumer prices have been rising at more than twice the Fed’s target.

And, Powell noted, “supply constraints and elevated inflation are likely to last longer than previously expected and well into next year, and the same is true for pressure on wages.”

Still, he said, the most likely case is for inflation pressures to abate and job growth to resume its pace from this past summer.

For now, the Fed will watch and wait, Powell said.

Reporting by Ann Saphir, Lindsay Dunsmuir, Jonnelle Marte; Editing by Paul Simao

https://www.reuters.com/article/usa-fed ... SL1N2RI1MV
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Re: POLITICS

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REUTERS

"Fed's Daly: standing pat is right course for monetary policy now"


By Ann Saphir

OCTOBER 22, 2021

(Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Friday that recent ‘eye-popping’ inflation readings are driven by supply chain breakdowns and will subside as COVID does, and the Fed’s decision not to raise rates in response is the right one.

“Just because we are standing pat, being patient, is not the same as being asleep,” Daly said.

Raising rates now would not solve the global supply-chain issues but could start to bridle growth next year just as inflation pressures are receding and cost the economy both output and jobs, she said.

Reporting by Ann Saphir

https://www.reuters.com/article/usa-fed ... SL1N2RI1J4
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Re: POLITICS

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THE CAPE CHARLES MIRROR OCTOBER 22, 2021 AT 5:16 PM

Paul Plante says:

And while we are on the subject of history being made here in the United States of America, not a Zinn-ist emotionalist version of it, but true contemporary history that can be and is very well documented with regard to what was taking place INSIDE the Capitol on 6 January 2021, which is really what is of importance and historical significance here in the same way the Webster-Haynes debates in the 1800’s were of historical significance in terms of what was to come thereafter, and I am talking about the debates, not some hysterical blathering from people like AOC, where would we go to find out what was really taking place INSIDE the Capitol that day during the Joint Session to certify Joe Biden as the next president, just as Nancy Pelosi guaranteed Democrats on 3 January 2021 was going to happen?

Is there any source we, the American people can really trust to find out that information?

And the answer is OF COURSE, because while the DEMOCRATS might control much of what is printed as “news,” DEMOCRAT propaganda in actuality, they don’t control all of it, and here, I am making direct reference to the Congressional Record – United States of America PROCEEDINGS AND DEBATES OF THE 117th CONGRESS, FIRST SESSION Vol. 167, WASHINGTON, WEDNESDAY, JANUARY 6, 2021 No. 4, where we had the highly inflammatory “prayer” that Nancy Pelosi had read that day as her way of starting a session she had already predicted, as if possessed of inside information as to what was about to happen outside, which is very reminiscent of the circumstances surrounding the Reichstag Fire in Germany on February 27, 1933, and this is important because we have a shrill and hysterical Liz Cheney and other vocal WITCH HUNTERS going on about Bannon intending to disrupt “CONSTITUTIONAL PROCESS,” when the reality revealed by a search of the record demonstrates that Nancy Pelosi never intended to follow CONSTITUTIONAL PROCESS in the first place, which is the true cause of the riot on 6 January 2021, not anything Bannon might have said, and that Nancy Pelosi was intending the joint session to be disruptive starts with a review of the incendiary language of the so-called prayer she had read to start the session, which was a blatant power grab by Nancy Pelosi too reminiscent of Adolph Hitler’s power grab in Germany on the heels of the Reichstag Fire, believed set by the Nazis themselves, but blamed on the Communists, nonetheless, because the Nazis need a trigger that would allow them to literally get rid of their political opposition by killing them or incarcerating them in concentration camps, to wit:

PRAYER

The Chaplain, Reverend Margaret Grun Kibben, offered the following prayer:

O God, our refuge and our strength, a very present help in times of discord and trouble.

Mountains crumble, waters rage, nations roar, and yet we need not be afraid, for even now You abide with us in these times of great discord, uncertainty, and unrest.

We, who have pledged to defend our Constitution against all enemies, we pray Your hedge of protection around this Nation.

Defend us from those adversaries, both foreign and domestic, outside these walls and perhaps within these Chambers, who sow seeds of acrimony to divide colleagues and conspire to undermine trust in Your divine authority over all things.

end quotes

And let us stop right there to examine those words just uttered there by Nancy Pelosi’s personal Chaplain as a prayer or invocation to the GOD of the Democrats to apparently smite the heathen Republicans and give them some what-for up alongside the head, to wit:

“Defend us (the Democrats) from those adversaries (Trump and the Republicans) outside these walls and perhaps within these Chambers, who sow seeds of acrimony to divide colleagues and conspire to undermine trust in Your divine authority over all things.”

BIZARRE BEYOND BELIEF, people, that statement right there, which strongly implies if does not come out and state that GOD is on the side of Joe Biden in his epic fight to save the soul of America from Donald Trump and the forces of evil, like this is a re-run of Lord of the Rings, and Nancy Pelosi and the Democrats and it should scare the hell out of anybody in America who is not a Democrat and does not want to be a Democrat, nor a Democrat slave, which takes us back to that same sentence further shortened, to wit:

“Defend us (the Democrats) from those adversaries (Trump and the Republicans) who conspire to undermine trust in Your divine authority over all things.”

end quotes

Are we becoming a theocracy, people, where a “theocracy” is a system of government in which priests rule in the name of God or a god?

As to this personal Chaplain of Nancy Pelosi’s who made that statement, which seems very much intended to be fighting words to me, let’s us go to a Pelosi Press Release from December 31, 2020 entitled “Pelosi Appoints Rear Admiral Margaret Grun Kibben First Woman to Serve as Chaplain of the U.S. House of Representatives,” where we had as follows from Nancy, to wit:

Washington, D.C. – Speaker Nancy Pelosi today announced her appointment of Rear Admiral Margaret Grun Kibben as House Chaplain, following the House retirement of Father Pat Conroy.

Kibben will be the first woman to serve as Chaplain in either chamber of Congress.

“It is my honor to announce the appointment of Rear Admiral Margaret Grun Kibben to serve as Chaplain of the United States House of Representatives: the first woman to serve in this historic position, which has been enshrined in our Democracy since the First Congress in 1789,” said Speaker Pelosi.

“Kibben brings decades of decorated experience in the military and the ministry, as a retired Rear Admiral who served as the U.S. Navy’s Chief Chaplain and the chaplain of the Marine Corps.”

“Her integrity, experience and patriotism will serve the Congress and the Country well, as she ministers to the needs of Members.”

end quotes

And the “Members” whose needs she was ministering to on 6 January 2021 with that inflammatory speech intended to serve as a provocation or incitement to violence were obviously those of Nancy Pelosi and her Democrats, which takes us back to the fighting words of Nancy’s personal Chaplain on 6 January 2021, to wit:

The journey of this experiment in democracy is perilous and demanding, fraught with anger and discontent.

end quotes

Oh, yeah?

Who says?

I don’t believe that for a minute, myself and it sounds like some partisan political horsecrap she made up along with Nancy Pelosi to meet the needs of the Democrats on that historical day as she did her best to inflame tempers on that day and so stoke the violence which was to come as a direct response to the provocation, which takes us back to her political speech posing in the guise of a prayer, to wit:

But wise rulers still seek You.

So help us, God, to find You in the midst of us.

So help us, God, to see Your gracious plan even in the events of these days.

So help us, God, to serve You and this Nation with Godliness and dignity.

We lay before You the gifts of our hopes, our dreams, our deliberations, and our debates, that You would be revealed and exalted among the people.

We pray these things in the strength of Your holy name.

Amen.

end quotes

We lay before You the gifts of our hopes, our dreams, our deliberations, and our debates, that You would be revealed and exalted among the people?

HUH?

January 6, 2021 was really about God revealing himself or herself to the American people in order to be exalted among the American people.

Stupid me, I guess, because I thought they were there that day to certify Joe Biden as Nancy Pelosi’s choice for the next president of the United States of America.

I wonder how I missed the fact that it was really about GOD being revealed that day which means the insurrection on 6 January 2021 had nothing at all to do with whether or not Joe Biden got elected to anything, and everything to do with Trump and Steve Bannon trying to keep GOD from being revealed that day, because they wanted Trump to be exalted by the American people, instead.

http://www.capecharlesmirror.com/news/o ... ent-450454
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Re: POLITICS

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THE CAPE CHARLES MIRROR OCTOBER 24, 2021 AT 11:09 AM

Paul Plante says:

An interesting article, all the way around, but not actually factually correct, but hey, these days, who’s bothering anymore to count.

First of all, let us go to the authorizing resolution for the WITCH HUNTERS committee that Virginia’s tough-talking Elaine Luria is a member of, to wit:

H.Res.503 – Establishing the Select Committee to Investigate the January 6th Attack on the United States Capitol.

117th Congress (2021-2022)

Sponsor: Rep. Pelosi, Nancy [D-CA-12] (Introduced 06/28/2021)

In the House of Representatives, U. S., June 30, 2021.

Whereas January 6, 2021, was one of the darkest days of our democracy, during which insurrectionists attempted to impede Congress’s Constitutional mandate to validate the presidential election.

end quotes

Focus on the word “insurrectionists,” and then ask yourself what proof, what indisputable evidence Elaine Luria is possessed of, that proves beyond a doubt that anyone in Washington, D.C., including Steve Bannon, was an insurrectionist.

The answer is that she has none, but since we are dealing with DEMOCRATS here, actually, she doesn’t need proof, or evidence, anymore that Joe Stalin did back when.

Like Joe Stalin, these DEMOCRATS know who is naughty, they know who is nice, they know who is guilty of something, and who isn’t, and so, proof and evidence really are superfluous, which is really the way things should be in a DEMOCRAT DEMOCRACY, because it is the right thing to do.

And before the matter can go to the U.S. attorney, Nancy Pelosi has to certify the vote, but that’s just a detail.

What is important now isn’t anything that Elaine Luria has done herself – what is now important is how the DOJ is going to handle this, because now is when DUE PROCESS of law unavailable in the House of Representatives actually begins.

As to Congresswoman Luria’s statement that “(T)he U.S. Supreme Court has emphasized that the subpoena power is a ‘public duty, which every person within the jurisdiction of the Government is bound to perform when properly summoned,” focus on the key words “properly summoned.”

Was Steve Bannon properly summoned to appear before a KANGAROO COURT to testify about something that never happened, which was “insurrectionists” attempting to “impede Congress’s Constitutional mandate to validate the presidential election?”

And a corollary question as well, that being were the DEMOCRATS in the House of Representatives really following any kind of Constitutional mandate on 6 January 2021, or were they really, as the evidence in the Congressional Record indicates, burying OUR Constitution for once and for all as it is an impediment to their taking over all three branches of our national government so they can impose the FASCISM of ONE-PARTY RULE on us?

As to the term “properly summoned,” let us go to the United States Supreme Court in matter of BARENBLATT v. UNITED STATES (1959), MR. JUSTICE HARLAN delivering the opinion of the Court, to wit:

The congressional power in question concerns the internal process of Congress in moving within its legislative domain; it involves the utilization of its committees to secure “testimony needed to enable it efficiently to exercise a legislative function belonging to it under the Constitution.” McGrain v. Daugherty, 273 U.S. 135, 160 .

end quotes

And going back to this phrase about “insurrectionists” attempting to “impede Congress’s Constitutional mandate to validate the presidential election” from the authorizing resolution for the WITCH HUNTERS committee, called “select” because Nancy Pelosi hand-picked or “selected” the members for their loyalty not to RULE OF LAW, not to the CONSTITUTION, but to Nancy herself, is it a valid legislative function belonging to Congress under OUR Constitution for Nancy Pelosi and her hand-picked WITCH HUNTERS loyal to her to pronounce American citizens guilty of serious crimes?

Going back to Barenblatt, we have further as follows:

Broad as it is, the power is not, however, without limitations.

Since Congress may only investigate into those areas in which it may potentially legislate or appropriate, it cannot inquire into matters which are within the exclusive province of one of the other branches of the Government.

Lacking the judicial power given to the Judiciary, it cannot inquire into matters that are exclusively the concern of the Judiciary.

Neither can it supplant the Executive in what exclusively belongs to the Executive.

And the Congress, in common with all branches of the Government, must exercise its powers subject to the limitations placed by the Constitution on governmental action, more particularly in the context of this case the relevant limitations of the Bill of Rights.

end quotes

CONGRESS AND NANCY PELOSI AND ELAINE LURIA AND ALL THE KING’S HORSES, AND ALL THE KING’S MEN CANNOT PASS LEGISLATION CONDEMNING AN AMERICAN CITIZEN FOR CRIMES THEY SAY THE CITIZEN COMMITTED WITHOUT EVIDENCE OF THE COMMISSION OF A CRIME, IN THIS CASE, INSURRECTION!

Which takes us back to Barenblatt once more as follows:

The congressional power of inquiry, its range and scope, and an individual’s duty in relation to it, must be viewed in proper perspective. McGrain v. Daugherty, supra; Landis, Constitutional Limitations on the Congressional Power of Investigation, 40 Harv. L. Rev. 153, 214; Black, Inside a Senate Investigation, 172 Harpers Monthly 275 (February 1936).

The power and the right of resistance to it are to be judged in the concrete, not on the basis of abstractions.

end quotes

And that to me sums up just about where we are right now in this matter of the DEMOCRAT MYTH, THE BIGGEST LIE EVER, that on 6 January 2021, “insurrectionists” attempted to “impede Congress’s Constitutional mandate to validate the presidential election.”

So, thanks to Elaine Luria, the game is now on, the ball is in the air, so there is still time to make a run to the frig for some snacks, and we’ll be right back after a word for station identification, so don’t touch that dial!

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Re: POLITICS

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THE CAPE CHARLES MIRROR OCTOBER 25, 2021 AT 6:20 PM

Paul Plante says:

A HORNSWOGGLE (get the better of the American people by cheating or deception, as in “I mean to say we were hornswoggled!”), people, a GREAT BIG BAMBOOZLE (to deceive by underhanded methods; to confuse, frustrate, or throw off thoroughly or completely), that is what Virginia’s own Elaine Luria voted for in actuality with her vote in what has been a very transparent KANGAROO COURT to hold Steve Bannon in contempt of the KANGAROO COURT by not appearing before it, which is an effort on her part by her vote to try and give a patina of legitimacy to something that has absolutely no legitimacy whatsoever in a free country, that being a KANGAROO COURT that can condemn en mass thousands of American citizens whose names they do not even know as “insurrectionists,” a very serious criminal charge, based on nothing more than Nancy Pelosi declaring them to be insurrectionists in the CHARTER for the WITCH HUNTERS committee of which Virginia’s Elaine Luria is a rabid member.

The BIG BAMBOOZLE, of course, or the GREAT HORNSWOGGLE, are other names for the MASSIVE HUGE LIE being propagated by Democrats like Elaine Luria that on 6 January 2021 “insurrectionists” were attempting to “impede Congress’s Constitutional mandate to validate the presidential election” when in fact, according to the FACTUAL RECORD in the Congressional Record, what was really being validated was the GUTTING of OUR Constitution by the Democrats in the House of Representatives who delegated to Nancy Pelosi the choice of picking this nation’s next president.

What Virginia’s own Elaine Luria has voted for here is a SHOW TRIAL to keep us distracted from what really went on behind closed doors in the House of Representatives on 6 January 2021 after 1:00 PM when the joint session of Congress commenced when the members of the Senate led by Mike Pence as their president entered the Chamber of the House of Representatives, and the following exchange took place which set the tone for the adversarial process which resulted in the effective muzzling of the Republicans and the gutting of OUR Constitution that was to follow, to wit:

The joint session was called to order by the Vice President.

PARLIAMENTARY INQUIRIES

Mr. GRIFFITH (Republican U.S. Representative for Virginia’s 9th congressional district since 2011).

Mr. Vice President, parliamentary inquiry.

The VICE PRESIDENT.

The gentleman from Virginia will state his parliamentary inquiry.

Mr. GRIFFITH.

Mr. Vice President, in order to follow the Speaker’s instructions that only a limited number of people be on the floor, may I ask how one would make an objection or make a parliamentary inquiry in the future if you are not on the floor but in the gallery.

The VICE PRESIDENT.

Under section 18 of title 3, United States Code, debate is not permitted in the joint session.

Mr. GRIFFITH.

Further parliamentary inquiry.

Mr. Vice President, I am not attempting to debate.

I am trying to find out how a parliamentary inquiry or a parliamentary point of order would be made in following with the Speaker’s request that most of us not be on the floor.

How do you make one of those points of order when you don’t know what is going to happen later?

The VICE PRESIDENT.

Respectfully, the gentleman’s parliamentary inquiry constitutes debate, which is not permitted in the joint session under section 18 of title 3, United States Code.

Madam Speaker, Members of Congress, pursuant to the Constitution and the laws of the United States, the Senate and House of Representatives are meeting in joint session to verify the certificates and count the votes of the electors of the several States for President and Vice President of the United States.

end quotes

And out of that beginning, we now have the MASSIVE HUGE LIE being propagated by the Democrats and their lapdogs in the media that the 2020 presidential election, in the words of Elaine Luria’s fellow Democrat WITCH HUNTER Zoe Lofgren in the joint session on 6 January 2021, was “the most secure election conducted in modern history,” to wit:

Madam Speaker, this day marks a crossroads for American democracy.

Those who object to the counting of the electoral college votes, which reflect the votes of the American people, want to substitute their preferences for the voters’ choice.

end quotes

And that is patently false, as a review of the actual record in the Congressional Register makes clear, but again, people, we are dealing with Democrats here and how they can twist the truth and facts is a wonder the behold.

Why the electoral votes were being objected to was made incandescently clear on the record on 6 January 2021 by Congressman Biggs of Arizona, to wit:

Mr. BIGGS.

Madam Speaker, I rise in support of the objection.

The SPEAKER.

The gentleman from Arizona is recognized for 5 minutes.

Mr. BIGGS.

Madam Speaker, I join the objection to counting votes of electors from my home State of Arizona, as well as Georgia, Pennsylvania, Wisconsin, Michigan, and Nevada, because election integrity is the heart of our American constitutional republic.

In a representative form of government, we must be able to trust that our elections accurately represent the will of the American voter.

This is the appropriate forum anticipated and provided for by our Founders to debate whether this election complied with the Constitution that we have all sworn to protect.

Every particular of the Constitution is to be protected, including Article II, Section 1.

The debate as to the legitimacy of the 2020 Presidential election has been suppressed by the left and its propagandists in the media until today.

State legislatures are required to determine the manner in which electors are chosen.

Arizona names its electors on the general election ballot and identifies what candidate those electors are required to vote for should that candidate obtain the majority of votes in the general election.

As part of the manner for determining electors, Arizona also establishes deadlines for voter registration.

The deadline has been in place for 30 years.

This year, that voter registration deadline was October 5.

Early voting commenced 2 days later.

Five days before the deadline, a group filed a lawsuit demanding that Arizona election officials not enforce the deadline.

The Federal District Court decided that since other States have a deadline later than Arizona’s and some even allow for registration when voting, that Arizona’s new deadline would be a time he chose, not the legislature’s timeline.

The appellate court effectively overturned the lower court ruling and noted that the Arizona deadline established by the State legislature was sound and appropriate and complied with the Constitution.

But the appellate court merely shortened the extension, the bypassing of the deadline to 10 days.

The appellate court, without legal justification, also decided that everyone who registered after the legal deadline, but before the deadline created by judicial fiat, could still vote.

Note that the Arizona legislature was no longer in control of determining the manner of appointing Presidential electors because the court had set a new deadline, even though the appellate court found the legislature’s deadline was constitutionally sound.

During that window, more than 32,000 voters registered in Maricopa County alone.

Here are copies of those voter registration records.

In going around the deadline set by the legislature, the court ignored the Arizona legislature’s obligation and right to direct the manner of choosing Presidential electors as set forth in Article II, Section 1.

As a consequence of that judicial usurpation, more than 32,000 people were allowed to unlawfully cast ballots in Arizona’s Presidential election in 2020.

The Arizona legislature seeks an independent audit of the election.

The Governor refuses now to call them into a special session.

The Maricopa County Board of Supervisors has refused to comply with legislative subpoenas.

In Arizona, the people who control the evidence related to the election have done everything possible to prevent an independent audit directed by the legislature.

Arizonans have used the limited amount of records available to investigate the 2020 Presidential election.

Of a limited sample of 1,000 addresses of voters, they found 539 voters did not live at the addresses on the voter rolls.

Here is a stack of 1,000 declaration of affidavits supporting that.

I object to counting the votes of Arizona electors because the Federal
courts went around the legislatively constructed mechanism for choosing Arizona’s Presidential electors, allowing tens of thousands of voters to unlawfully cast votes.

The court usurped a key component of the Arizona legislature’s manner of selecting Presidential electors, thus violating Article II, Section 1.

The legislature is being obstructed in its efforts.

And what little evidence we have and what little information we have has produced this kind of evidence, which indicates a significant problem with the integrity of the Presidential election.

end quotes

Every story paints a picture, don’t it?

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Re: POLITICS

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REUTERS

"Biden to name 'slate' to Fed, emphasis on workers - Senator Brown says"


Reuters

October 26, 2021

Oct 26 (Reuters) - U.S. President Joe Biden will probably advance a "whole slate" of nominees to the Federal Reserve Board, which may or may not include current chair Jerome Powell and will ensure a greater emphasis on workers, Senator Sherrod Brown said on Tuesday.

In an interview with Bloomberg Television, Brown, the head of the Senate banking committee, said he had spoken with Biden "just the other day" about the makeup of the Federal Reserve board.

The president understood that workers should be at the center of economic policy, which "includes making the Fed look more like America but think more like America too," said Brown, adding that he gets along well with Powell but the decision on Powell's renomination is Biden's.

The Senate banking committee oversees the Fed and must sign off on Fed nominees before they can be considered for approval by the Senate as a whole.


Powell's term as Fed chair expires in February; the seven-member Fed Board also has one vacant seat and at least one and potentially two other seats that will open up in coming months.

"When the president looks for making up to four nominations - maybe including Powell, maybe not - there will be a much great emphasis on workers," Brown told Bloomberg TV.

The White House has not chosen any fixed timetable for Biden to make a decision on Fed personnel, a process delayed by congressional negotiations over his signature economic revival package.

"We know there are going to be vacancies on the Fed Board of Governors - we need a full board of governors at the Fed," a spokesperson for Brown said.

Despite a time crunch to seal that deal, administration officials have been discussing their options for Fed appointments in recent weeks, according to a person familiar with the matter.

The question of who should run the Fed comes at a critical moment for the U.S. economy.

Central bankers have signaled they will begin reducing their support for the economy next month by cutting back what is currently $120 billion in monthly asset purchases down to nothing by the middle of next year.

Policymakers are divided on how soon after that they will need to start putting the brakes on economic growth with interest rate hikes, with much depending on whether currently high inflation has begun to subside as many expect, as well as who is on the rate-setting committee by that time.

Two of the most hawkish of the Fed's 12 bank presidents, who along with the Fed Board decide on monetary policy, resigned last month amid an outcry over their securities trading.

In response, Powell tightened restrictions on policymakers' investing, although some critics see the scandal as one more reason to pick someone else to run the Fed.

Some progressives favor current Fed Governor Lael Brainard to take over.

Others who support keeping Powell in his current role say Brainard could make her mark on both climate and regulation if she takes over as the Fed's regulation czar, a slot that opened up earlier this month after Randal Quarles' term expired.

"That position is really really really important," Brown said of the vice chair for supervision role, adding that he's spoken with Biden about "a couple" of people he would support for the job.

Brown said that though Powell has "done some things that I think are too supportive of Wall Street when it comes to deregulation, and he is not engaged enough on climate," he has done a "reasonably good job on monetary policy."

Brown's remarks contrasted sharply with those of Senator Elizabeth Warren, who is also on the banking committee and has said she will oppose Powell's renomination, citing what she sees as his weak record on regulation.

On the weekend Treasury Secretary Janet Yellen defended Powell's regulatory record, though she declined to say what advice she was giving Powell on the issue.

Reporting by Trevor Hunnicutt and Ann Saphir; Editing by Andrea Ricci and Richard Pullin

https://www.reuters.com/world/us/biden- ... 021-10-26/
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Re: POLITICS

Post by thelivyjr »

THE CAPE CHARLES MIRROR OCTOBER 26, 2021 AT 6:19 PM

Paul Plante says:

A GRAND FLIM-FLAM (swindle someone with a confidence game, as in “the American people were flimflammed out of their Constitution”), people, the SNOOKERING (trick, entice, or trap, as in “the American people were snookered by the Democrats into buying into a MASSIVE HUGE LIE about what really took place in the House of Representatives on 6 January 2021”) of America!

That is exactly what we, the American people are being presented with here.

We are to believe that somebody, in this case a clown named Steve Bannon who took legal advice from Donald Trump as to his supposed immunity from having to appear before the WITCH HUNTERS, which was a real slick way for him to set up a subsequent insanity plea, was a mastermind of an alleged “insurrection” on 6 January 2021, as if somebody who would take their legal advice from Donald Trump was a real master criminal mastermind capable to actually overthrowing the government of the United States of America, as opposed to a pure goose fool for taking legal advice from Donald Trump, and if there was even a hint of real evidence that Steve Bannon was actually responsible for setting up an insurrection on 6 January 2021, the FBI would have been all over him long before now.

And if a clown like Steve Bannon was really capable of overthrowing not only the whole national government of the United States of America, but our whole democracy, as well, just think how absolutely rotten and corrupt that overthrown government and democracy would have to be to be overthrown by Steve Bannon, and since Steve Bannon never did overthrow the United States government, I think the concept itself that Steve Bannon could overthrow the United States government as propounded by Congresswoman Luria is absurd and preposterous, BUT, what a powerful distraction that show has turned out to be for the Democrats who staged a SOFT COUP on 6 January 2021, and dealt our Constitution as death blow, as if it were Caesar under the knife of Brutus and his murderous gang of senators, where in our political lexicon, a SOFT COUP, sometimes referred to as a silent coup, is a coup d’état without the use of violence, but based on a conspiracy or plot that has as its objective the taking of state power by partially or wholly legal means, to facilitate an exchange of political leadership and in some cases also of the current institutional order.

Except in this case, the plot, for plot it definitely was, had as its objective the taking of state power by totally unconstitutional means to facilitate an exchange of political leadership as well as a sea change in the current institutional order, as we become a socialist worker’s paradise, as we can see by going back to an article in THE HILL entitled “Pelosi sets up call on election challenge: ‘No situation matches Trump presidency’” by Joseph Choi on 01/03/21, where we had as follows - the head plotter, Nancy Pelosi, discussing the plot with her fellow plotters in the Democrat party, to wit:

Speaker Nancy Pelosi (D-Calif.) in a Sunday letter told her Democratic colleagues they would discuss the process for expected challenges to the Electoral College results from House Republicans during a call on Monday.

“Over the years, we have experienced many challenges in the House, but no situation matches the Trump presidency and the Trump disrespect for the will of the people,” Pelosi wrote in her letter.

Pelosi outlined a plan for the Democratic lawmakers as they prepare to certify the Electoral College votes this week.

More than 100 House Republicans are expected to challenge the results of the election in various battleground states, and a dozen Senate Republicans have vowed to do so.

She said the result would end with President-elect Joe Biden and Vice President-elect Kamala Harris being “officially declared the next President and Vice President of the United States,” but acknowledged this declaration might have to take place in “the middle of the night.”

end quotes

And how right she was to be on all counts, which is a sign of both a good coup plotter, and a sound coup plan.

And in the meantime, while we are having our attention focused on what was taking place OUTSIDE the House of Representatives chamber on 6 January 2021, the real COUP was taking place INSIDE those very chambers, which is where our attention as LOYAL AMERICAN CITIZENS should really be focused, and thankfully, we have the Cape Charles Mirror to do that questioning in, because sadly, nowhere else in America is it even being considered, let alone actually happening by making direct reference to the Congressional Record for that day, which is the official record of what actually transpired that day in the House of Representatives, not what the Democrats intent on overthrowing our form of Republican government to replace it with ONE-PARTY RULE and a FASCIST system with the Democrats and Nancy Pelosi in charge and their lapdogs in the media say what happened.

Which takes us to this important existential elementary school civics question, to wit:

ON 6 JANUARY 2021, WERE CHALLENGES TO THE COUNTING OF ELECTORAL VOTES PERMITTED BY LAW IN THE UNITED STATES OF AMERICA?

Where the Congressional Research Service, which serves the Congress throughout the legislative process by providing comprehensive and reliable legislative research and analysis that are timely, objective, authoritative, and confidential, thereby contributing to an informed national legislature in its bulletin titled “Counting Electoral Votes: An Overview of Procedures at the Joint Session, Including Objections by Members of Congress” updated December 8, 2020, in the Summary states that “The Constitution and federal law establish a detailed timetable following the presidential election during which time the members of the electoral college convene in the 50 state capitals and in the District of Columbia, cast their votes for President and Vice President, and submit their votes through state officials to both houses of Congress,” and “The electoral votes are scheduled to be opened before a joint session of Congress on January 6, 2021,” and “Federal law specifies the procedures for this session and for challenges to the validity of an electoral vote,” and “This report describes the steps in the process and precedents set in prior presidential elections governing the actions of the House and Senate in certifying the electoral vote and in responding to challenges of the validity of electoral votes,” and in the section “Objecting to the Counting of One or More Electoral Votes” states that “Section 15 establishes a procedure for making and acting on objections to the counting of one or more of the electoral votes from a state or the District of Columbia,” and “When the certificate or equivalent paper from each state or the District of Columbia is read, ‘the President of the Senate shall call for objections, if any,'” and “Any such objection must be presented in writing and must be signed by at least one Senator and one Representative,” and “The objection ‘shall state clearly and concisely, and without argument, the ground thereof,’” and “When an objection, properly made in writing and endorsed by at least one Senator and one Representative, is received, each house is to meet and consider it separately,” and “The statute states, ‘No votes or papers from any other State shall be acted upon until the objections previously made to the votes or papers from any State shall have been finally disposed of,’” was it lawful and proper on 6 January 2021 for Republican members of congress and the Senate to challenge the electoral votes from the state of Arizona on Constitutional grounds?

http://www.capecharlesmirror.com/news/r ... ent-453261
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Re: POLITICS

Post by thelivyjr »

THE CAPE CHARLES MIRROR OCTOBER 27, 2021 AT 10:32 AM

Paul Plante says:

So what is the Congressional Record?

How do we know we can trust what is printed therein, when the same politicians, in this case Nancy Pelosi, are saying different things outside the House of Representatives than what the Congressional Record has them saying inside?

Like whether or not there was an “insurrection” on 6 January 2021?

Or what the actual purpose of that gathering of politicians at the Capitol was really all about on 6 January 2021, despite what any of OUR laws might have to say about it, or OUR Constitution, which really is no more?

According to the website of the U.S. Senate, we have as follows concerning the Congressional Record:

The Congressional Record is a substantially verbatim account of the remarks made by senators and representatives while they are on the floor of the Senate and the House of Representatives.

It also includes all bills, resolutions, and motions proposed, as well as debates, and roll call votes.

end quotes

Hmmmm.

So if the word “verbatim” means “in exactly the same words as were used originally,” then when the Congressional Record quotes Nancy Pelosi after the House was called to order by the Speaker at 9 o’clock and 2 minutes p.m. as saying “The Chair will address the Chamber,” and “Today, a shameful assault was made on our democracy,” and “We know that we are in difficult times, but little could we have imagined the assault that was made on our democracy today,” and “We will be part of a history that shows the world what America is made of, that this assault, this assault is just that,” did it really mean that Nancy was actually talking about an insurrection?

But if it is verbatim, then it would have had Nancy talking about an insurrection, would it not, and not merely an “assault?”

So, if it wasn’t an insurrection at a little after 9 P.M. on the evening of 6 January 2021, when exactly did it become an insurrection?

And what does the Congressional Record have to say about the purpose of the gathering in the Capitol that day?

Let’s look:

ANNOUNCEMENT BY THE SPEAKER

The SPEAKER.


The Chair will address the Chamber.

Today, a shameful assault was made on our democracy.

It cannot, however, deter us from our responsibility to validate the election of Joe Biden and KAMALA HARRIS.

For that reason, Congress has returned to the Capitol.

end quotes

And there it is in plain words right from the mouth of “BOSS” Nancy Pelosi, herself – the sole purpose of that empty ceremony on 6 January 2021 was to RUBBER STAMP Joe Biden’s alleged victory.

Despite anything to the contrary in OUR laws or OUR Constitution about challenging electors being both a right and a duty for our supposed “representatives,” Nancy said NO!

WHY?

Well, as the article in THE HILL entitled “Pelosi sets up call on election challenge: ‘No situation matches Trump presidency’” by Joseph Choi on 01/03/21 informed us, Speaker Nancy Pelosi (D-Calif.) in a Sunday letter told her Democratic colleagues they would discuss the process for expected challenges to the Electoral College results from House Republicans during a call on Monday and Pelosi outlined a plan for the Democratic lawmakers as they prepared to certify the Electoral College votes that required each and every one of them to forsake their oaths to OUR Constitution and OUR laws, both very easy to do for a Democrat, because in the words of Nancy, “Over the years, we have experienced many challenges in the House, but no situation matches the Trump presidency and the Trump disrespect for the will of the people,” which situation demanded that OUR laws and OUR Constitution be set aside as being seriously flawed, given that those laws and that Constitution actually allowed Donald Trump to beat Barack Obama’s hand-picked successor and carrier-on of his Obama legacy, that being Hillary Clinton, and accordingly, those laws and OUR Constitution had to be set aside on 6 January 2021, because they might allow Trump to win again, something Nancy Pelosi and the Democrats were dead set against, so they RIGGED the system to not allow challenges, despite the law and the Constitution, so that in the words of Nancy in THE HILL on 3 January 2021, the result would end with President-elect Joe Biden and Vice President-elect Kamala Harris being “officially declared the next President and Vice President of the United States.”

And such was American history made, people!

From henceforth, ALL presidential elections are now to be determined by the DEMOCRATS in the House of Representatives who put Joe Biden into the White House by order of Nancy Pelosi.

Welcome to a brave NEW WORLD here in what used to be a CONSTITUTIONAL REPUBLIC, but has now been reduced to a Democrat-controlled democracy instead.

And if you want to know what laws apply today, be sure to check the website of Nancy Pelosi where our marching orders for today telling us what to think and what not to think should be posted, and if they are not up yet, then DO NOT THINK AT ALL!

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thelivyjr
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Re: POLITICS

Post by thelivyjr »

REUTERS

"White House says Biden supports billionaire tax"


By Reuters Staff

OCTOBER 27, 2021

WASHINGTON, Oct 27 (Reuters) - U.S. President Joe Biden supports imposing a new “billionaire tax” and the White House believes the Democratic proposal would be legal, spokesperson Jen Psaki said on Wednesday.

(Reporting by Jeff Mason and Trevor Hunnicutt; Editing by Chris Reese)

https://www.reuters.com/article/usa-bid ... SL1N2RN2EE
thelivyjr
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Re: POLITICS

Post by thelivyjr »

REUTERS

"U.S. companies to keep prices high as supply chain headaches persist"


Reuters

October 27, 2021

NEW YORK, Oct 27 (Reuters) - The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods.

Companies across the globe sounded the alarm on supply issues months ago that have pushed prices higher on raw materials from chemicals to steel.

In earnings reports this week investors got a closer look at how companies are managing.

"It starts with really strong price," said GM Chief Executive Officer Mary Barra in a call with reporters.

"We were able to do very well (with) full-size trucks and full-size SUVs."

"We just can't build enough of those vehicles."

GM is also looking to wring efficiencies from its supply chain and she said the chip shortage is likely to improve in the second half of 2022.

Larry Culp, the chief executive of General Electric Co, a maker of jet engines and wind turbines, told investors keeping up with fits and starts in the global supply chain was akin to playing a carnival game that aims to keep players on their toes.

"I'm not sure we're yet at a place where we would say that things are stable," Culp told investors on an earnings call on Tuesday.

"It really is akin to playing a whack-a-mole."

General Electric also expects supply constraints to persist through the rest of the year and in 2022, hurting profit in its healthcare business.

Boeing Co also complained of a "severely weakened supply chain."

The pandemic has crippled many companies' ability to send and receive the parts and supplies needed to make a wide range of products, creating shortages, reducing inventories and hammering profits.

On Wednesday, Harley-Davidson said it increased surcharge pricing in the United States to offset higher raw material costs.

The motorcycle maker expects these costs to remain high and is exploring higher surcharge costs globally.

Harley-Davidson said the inventory shortage is also squeezing its international market share.

McDonald's Corp also said it had to raise prices in the United States.

Industrial giant 3M Co cut its full-year earnings outlook on Tuesday and said it would increase product prices to combat inflationary and supply chain pressures.

The company, which makes a long list of building and construction products, said it was facing higher costs related to polypropylene, ethylene, resins and labor.

It added that the global semiconductor crunch would continue to weigh on its automotive and electronics end-markets.

On Tuesday, Lockheed Martin Corp dramatically lowered its sales expectations for this year, saying the pandemic has hobbled the top U.S. defense contractor's supply chain.

Its shares fell more than 11% on Tuesday.

Lockheed's chief financial officer said the problem worsened for them over the last two months, as the maker of the F-35 fighter jet lowered its 2021 revenue expectations by 2.5% to $67 billion and said next year's revenue could fall to $66 billion.

Reporting by Reuters staff; Writing by Bernard Orr; Editing by Andrea Ricci

https://www.reuters.com/business/us-com ... 021-10-27/
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