THE CAPE CHARLES MIRROR MAY 10, 2023 AT 6:25 PM
Paul R. Plante says:
And yes, people, causes of the GREAT DEPRESSION, which takes us back, for a moment, to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have Joe spewing forth about how utterly great he is, and how he is the best president we have ever had, and we ought to be very thankful we have Joe in there fighting for us, 24/7/365 to create for us a MIRACLE ECONOMY based on BIDEN-O-NOMICS, which is really Marxist economics by a different name, that is from the bottom up and the middle out, where the rich do quite well by feeding off those in the middle class as well as those at the bottom who are getting crushed by Joe Biden’s INFLATION TAX, as follows:
THE PRESIDENT: Well, good morning.
Tomorrow marks exactly six months since my administration began.
I think it’s a fitting moment to take a look at our economy — where we were six months ago, what we’ve achieved since then, and what I believe we’ve — I believe where we’re headed.
Before I took office, there was a lot of folks out there — a lot of folks out there making some pretty bold predictions about how things would turn out.
You might remember some of the predictions.
That if I became President, we’d, quote, “see a depression the likes of which we’ve never seen.”
end quotes
Now, Joe scoffs at that prediction because he is not only convinced of his greatness, but more to the point, in addition to being a CLASSIC CLIMATE DENIER who denies that his policies are a cause of climate change, and indeed are drivers of climate change, Joe is a CLASSIC INFLATION DENIER who denies that his fiscal policies are a cause of inflation and a driver of inflation, which takes us back to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have more spew from Joe on the subject of inflation, as follows:
THE PRESIDENT: We also know that as our economy has come roaring back, we’ve seen some price increases.
Some folks have raised worries that this could be a sign of persistent inflation.
But that’s not our view.
Our experts believe and the data shows that most of the price increases we’ve seen are — were expected and expected to be temporary.
Economists call all of these things “transitory effects.”
end quotes
And every day of the week, economists are dead wrong in their predictions, just as they were with that “transitory” bull**** Joe was spewing there on July 19, 2021, which takes us to a Reuters article titled “White House closely tracking commercial real estate – White House economist” by Andrea Shalal on April 18, 2023, as follows, to wit:
On the issue of inflation, Bernstein conceded that the Biden administration’s use of the word “transitory” had not been helpful and had left open questions of how quickly inflation could be expected to start easing.
Still, he conceded that inflation had lasted longer than when the term “transitory” was first used.
“The word is not a helpful term.”
“It’s too ambiguous,” he said.
end quotes
And we here at the CCM who do not have our heads in our ***** knew that all along, that Joe Biden and “TOODLES” Yellen and the morons on the federal reserve were feeding us pure bull**** with that “transitory” horsecrap!
And since we have that article up, and since we are talking about whether or not Joe Biden can actually live up to the prediction that under Joe Biden, we are going to “see a depression the likes of which we’ve never seen,” which I think Joe can actually pull off, let’s go back to the article to see if maybe there are some warning signs in there we should perhaps heed, given that according to the article, Joe’s own White House is saying that it is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have “non-trivial” holdings in commercial real estate, and Jared Bernstein, a member of the White House Council of Economic Advisers (CEA), was telling a Senate Banking Committee hearing that occupancy rates in commercial real estate were well below pre-COVID levels and delinquencies had risen a bit recently, to wit:
“The issue is very much on our watchlist,” Bernstein said during a hearing on his nomination to head CEA, when asked by Democratic Senator Mark Warner about the impact of the collapse of Silicon Valley Bank (SVB) on the sector.
Warner noted that close to $6 trillion in outstanding commercial debt was related to the real estate market, and a “massive dislocation” was under way.
end quotes
So, people, given we are on the subject of whether or not Joe Biden can lead us into a GLOBAL DEPRESSSION, which I think he can, and given that that $6 trillion in outstanding commercial debt related to the real estate market is very much on Joe Biden’s watchlist, should it be on ours, too?
And there for the moment I will rest, leaving behind the thought that before the stock market collapse occurred in 1929, starting the GREAT DEPRESSION, a period in American history known as the ROARING TWENTIES occurred, with the GREAT DEPRESSION following on the heels of, so that if one is searching for causes of the GREAT DEPRESSION, one looks to the ROARING TWENTIES before 1929 for the causative factors, not after 1929.
http://www.capecharlesmirror.com/op-ed- ... ent-798465
Just musings, is all
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 11, 2023 AT 9:07 PM
Paul R. Plante says:
And while we are on the subject of Joe Biden being a CLASSIC INFLATION DENIER, denying that his MASSIVE CORPORATE WELFARE PROGRAMS where Joe is handing out fistfulls of greenback dollars are a cause of inflation, let’s go back once more to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have more INFLATION DENIALISM from Joe Biden, to wit:
If we increase the availability of quality, affordable childcare, eldercare, paid leave, more people will enter the workforce.
These steps will enhance our productivity — raising wages without raising prices.
That won’t increase inflation.
It will take the pressure off of inflation, give a boost to our workforce, which leads to lower prices in the years ahead.
So, if your primary concern right now is inflation, you should be even more enthusiastic about this plan.
end quotes
How Joe does that math is a mystery to me, and I strongly suspect it is a mystery to Joe Biden, as well, and as to our productivity since Joe Biden has been in office, let’s go to a Reuters article entitled “US labor market defies rate hikes, posts strong job gains” by Lucia Mutikani on May 5, 2023, where we have as follows:
The pick-up in business output early in the second quarter and the rise in hours worked bodes well for a bounce-back in productivity, which surged right after the pandemic in 2021, but has declined on a year-over-year basis since then for five straight quarters, the longest such stretch since the government started tracking the series in 1948.
end quotes
So instead of productivity under Joe Biden going up, it has gone down, instead, and as to inflation not being a problem let’s go back to that same Reuters article where we have this to consider:
Wages increased 4.4% on a year-on-year basis in April after climbing 4.3% in March, coming close to alignment with other measures such as the Employment Cost Index and the Atlanta Fed’s wage tracker.
Wage growth is too strong to be consistent with the Fed’s 2% inflation target.
end quotes
So while Joe is saying one thing, reality is saying something entirely different which brings us to a CNBC article titled “Inflation rate eases to 4.9% in April, less than expectations” by Jeff Cox on May 10 2023, to wit:
A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that the cost of living will head lower later this year.
end quote
Which takes us back to Joe on July 19, 2021, to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Simply put, we can’t afford not to make these investments.
And we’re going to pay for them responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share by reforming our international tax system with a minimum global tax, which we’ve led the world to agree to.
Let me close with this: When I arrived in office, it had been a long time since the government had worked for the people.
Things had been great for big corporations and folks at the top.
Those 55 major corporations that paid zero in income tax while making billions in profits, they had no complaints.
But when I took office, I made a commitment — a commitment to the American people that we were going to change that paradigm so working families could have a fighting chance again to get a good education; to get a good job and a raise; to take care of the elderly parent or the child with the disability and still be able to go out and earn a good living; to stop losing hours of their lives stuck in traffic because the streets are crumbling; or waiting for slow, spotty Internet to connect them to the world.
That’s what the economy we’re building is all about.
That’s why we passed the American Rescue Plan.
And that’s why we need the investment of the Bipartisan Infrastructure Framework and my Build Back Better plan.
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
Thank you all for listening.
May God bless you.
end quotes
And there for the moment I will rest.
http://www.capecharlesmirror.com/op-ed- ... ent-798826
Paul R. Plante says:
And while we are on the subject of Joe Biden being a CLASSIC INFLATION DENIER, denying that his MASSIVE CORPORATE WELFARE PROGRAMS where Joe is handing out fistfulls of greenback dollars are a cause of inflation, let’s go back once more to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have more INFLATION DENIALISM from Joe Biden, to wit:
If we increase the availability of quality, affordable childcare, eldercare, paid leave, more people will enter the workforce.
These steps will enhance our productivity — raising wages without raising prices.
That won’t increase inflation.
It will take the pressure off of inflation, give a boost to our workforce, which leads to lower prices in the years ahead.
So, if your primary concern right now is inflation, you should be even more enthusiastic about this plan.
end quotes
How Joe does that math is a mystery to me, and I strongly suspect it is a mystery to Joe Biden, as well, and as to our productivity since Joe Biden has been in office, let’s go to a Reuters article entitled “US labor market defies rate hikes, posts strong job gains” by Lucia Mutikani on May 5, 2023, where we have as follows:
The pick-up in business output early in the second quarter and the rise in hours worked bodes well for a bounce-back in productivity, which surged right after the pandemic in 2021, but has declined on a year-over-year basis since then for five straight quarters, the longest such stretch since the government started tracking the series in 1948.
end quotes
So instead of productivity under Joe Biden going up, it has gone down, instead, and as to inflation not being a problem let’s go back to that same Reuters article where we have this to consider:
Wages increased 4.4% on a year-on-year basis in April after climbing 4.3% in March, coming close to alignment with other measures such as the Employment Cost Index and the Atlanta Fed’s wage tracker.
Wage growth is too strong to be consistent with the Fed’s 2% inflation target.
end quotes
So while Joe is saying one thing, reality is saying something entirely different which brings us to a CNBC article titled “Inflation rate eases to 4.9% in April, less than expectations” by Jeff Cox on May 10 2023, to wit:
A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that the cost of living will head lower later this year.
end quote
Which takes us back to Joe on July 19, 2021, to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Simply put, we can’t afford not to make these investments.
And we’re going to pay for them responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share by reforming our international tax system with a minimum global tax, which we’ve led the world to agree to.
Let me close with this: When I arrived in office, it had been a long time since the government had worked for the people.
Things had been great for big corporations and folks at the top.
Those 55 major corporations that paid zero in income tax while making billions in profits, they had no complaints.
But when I took office, I made a commitment — a commitment to the American people that we were going to change that paradigm so working families could have a fighting chance again to get a good education; to get a good job and a raise; to take care of the elderly parent or the child with the disability and still be able to go out and earn a good living; to stop losing hours of their lives stuck in traffic because the streets are crumbling; or waiting for slow, spotty Internet to connect them to the world.
That’s what the economy we’re building is all about.
That’s why we passed the American Rescue Plan.
And that’s why we need the investment of the Bipartisan Infrastructure Framework and my Build Back Better plan.
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
Thank you all for listening.
May God bless you.
end quotes
And there for the moment I will rest.
http://www.capecharlesmirror.com/op-ed- ... ent-798826
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 13, 2023 AT 10:34 PM
Paul R. Plante says:
Staying with Joe Biden’s RIGGED GREEN GAME, let’s once more go back to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have Joe saying, as follows; to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Simply put, we can’t afford not to make these investments.
And we’re going to pay for them responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share by reforming our international tax system with a minimum global tax, which we’ve led the world to agree to.
end quotes
So is it really true that this is a blue-collar blueprint for building an American economy back?
Let’s go to a Reuters article titled “US weekly jobless claims hit 1-1/2-year high; inflation subsiding” by Lucia Mutikani on May 10, 2023, where we have as follows on that subject, to wit:
WASHINGTON, May 10 (Reuters) – The number of Americans filing new claims for unemployment benefits jumped to a 1-1/2-year high last week, pointing to cracks in the labor market as demand slows, potentially giving the Federal Reserve room to halt further interest rate increases next month.
Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 264,000 for the week ended May 6, the highest reading since October 2021.
Economists polled by Reuters had forecast 245,000 claims for the latest week.
The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, rose 6,000 to 245,250, the highest level since November 2021.
Layoffs, which were initially concentrated in the technology and housing sectors, appear to be spreading to other industries as companies gear for weak demand.
end quotes
And there we have that term “weak demand” again, which takes us back in time to the GREAT DEPRESSION where we have this from Britannica, as follows:
The fundamental cause of the Great Depression in the United States was a decline in spending (sometimes referred to as aggregate demand), which led to a decline in production as manufacturers and merchandisers noticed an unintended rise in inventories.
end quotes
And what about Joe’s statement that we are going to pay for his MASSIVE CORPORATE WELFARE SYSTEM responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share?
To see if there is any truth whatsoever in that assertion, let’s go to a Reuters article titled “U.S. government posts smaller $176 bln April surplus as revenues shrink” by David Lawder on May 10, 2023, where we have as follows, to wit:
Corporate tax receipts also fell 11% to $85 billion and the Federal Reserve again had no earnings in April, after contributing $10 billion to April 2022 receipts.
April interest on the federal debt rose 27% from a year ago to $76 billion.
The Treasury reported a $925 billion deficit for the first seven months of the 2023 fiscal year, a 157% increase from the $360 billion deficit a year earlier.
Year-to-date receipts totaled $2.687 trillion, down 10% from the record $2.986 trillion in the year-ago periods.
Outlays for the first seven months totaled $3.611 trillion, up 8% from the $3.346 trillion in the prior-year period.
end quotes
Given that those are the government’s own figures, it would appear that Joe Biden was lying to us when he told us these programs would be paid for responsibly, which takes us to a Washington Examiner story titled “The federal deficit rose by 63% in one year. Why is Biden resisting spending reforms?” by Tiana Lowe Doescher on 9 May 2023, where we have a reality check on Joe Biden’s specious claim, to wit:
Without a drawdown of the federal deficit, a debt ceiling increase would only delay the inevitable.
At the government’s current rate of spending competing against inflation, a default on our national debt is a matter of “when,” not “if.”
The latest release from the nonpartisan Congressional Budget Office puts it in stark terms.
In just the first seven months of fiscal 2023, the federal budget deficit reached almost $1 trillion — a 63% increase from the $568 billion deficit recorded in the first seven months of fiscal 2022.
And if not for a few timing quirks that pushed payments for this fiscal year back into the last, the deficit increase would have actually reached 74% from fiscal 2022 to 2023.
On the other side of the equation, federal spending rose by 8% in the first seven months of the fiscal year.
Much of the increase resulted from higher interest costs on paying down the national debt — up 40% thanks to the Fed’s interest rate hikes, again a consequence of inflation.
Despite the pandemic being over and Democrats having already achieved the “full employment” they have always dreamt of, we’re on track to spend nearly $2 trillion this fiscal year.
From the cost of borrowing to our dismal labor force participation rate, the federal government has managed to worsen every element on both sides of the equation.
end quotes
So, every story paints a picture, don’t it, and this picture looks very much like a picture from 1929!
So, can Joe Biden dish us up a depression like never seen before?
Stay tuned!
http://www.capecharlesmirror.com/op-ed- ... ent-799525
Paul R. Plante says:
Staying with Joe Biden’s RIGGED GREEN GAME, let’s once more go back to July 19, 2021 and “Remarks by President Biden on the Economy,” where we have Joe saying, as follows; to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Simply put, we can’t afford not to make these investments.
And we’re going to pay for them responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share by reforming our international tax system with a minimum global tax, which we’ve led the world to agree to.
end quotes
So is it really true that this is a blue-collar blueprint for building an American economy back?
Let’s go to a Reuters article titled “US weekly jobless claims hit 1-1/2-year high; inflation subsiding” by Lucia Mutikani on May 10, 2023, where we have as follows on that subject, to wit:
WASHINGTON, May 10 (Reuters) – The number of Americans filing new claims for unemployment benefits jumped to a 1-1/2-year high last week, pointing to cracks in the labor market as demand slows, potentially giving the Federal Reserve room to halt further interest rate increases next month.
Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 264,000 for the week ended May 6, the highest reading since October 2021.
Economists polled by Reuters had forecast 245,000 claims for the latest week.
The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, rose 6,000 to 245,250, the highest level since November 2021.
Layoffs, which were initially concentrated in the technology and housing sectors, appear to be spreading to other industries as companies gear for weak demand.
end quotes
And there we have that term “weak demand” again, which takes us back in time to the GREAT DEPRESSION where we have this from Britannica, as follows:
The fundamental cause of the Great Depression in the United States was a decline in spending (sometimes referred to as aggregate demand), which led to a decline in production as manufacturers and merchandisers noticed an unintended rise in inventories.
end quotes
And what about Joe’s statement that we are going to pay for his MASSIVE CORPORATE WELFARE SYSTEM responsibly as well, by ensuring that our largest corporations and the very wealthiest among us pay their fair share?
To see if there is any truth whatsoever in that assertion, let’s go to a Reuters article titled “U.S. government posts smaller $176 bln April surplus as revenues shrink” by David Lawder on May 10, 2023, where we have as follows, to wit:
Corporate tax receipts also fell 11% to $85 billion and the Federal Reserve again had no earnings in April, after contributing $10 billion to April 2022 receipts.
April interest on the federal debt rose 27% from a year ago to $76 billion.
The Treasury reported a $925 billion deficit for the first seven months of the 2023 fiscal year, a 157% increase from the $360 billion deficit a year earlier.
Year-to-date receipts totaled $2.687 trillion, down 10% from the record $2.986 trillion in the year-ago periods.
Outlays for the first seven months totaled $3.611 trillion, up 8% from the $3.346 trillion in the prior-year period.
end quotes
Given that those are the government’s own figures, it would appear that Joe Biden was lying to us when he told us these programs would be paid for responsibly, which takes us to a Washington Examiner story titled “The federal deficit rose by 63% in one year. Why is Biden resisting spending reforms?” by Tiana Lowe Doescher on 9 May 2023, where we have a reality check on Joe Biden’s specious claim, to wit:
Without a drawdown of the federal deficit, a debt ceiling increase would only delay the inevitable.
At the government’s current rate of spending competing against inflation, a default on our national debt is a matter of “when,” not “if.”
The latest release from the nonpartisan Congressional Budget Office puts it in stark terms.
In just the first seven months of fiscal 2023, the federal budget deficit reached almost $1 trillion — a 63% increase from the $568 billion deficit recorded in the first seven months of fiscal 2022.
And if not for a few timing quirks that pushed payments for this fiscal year back into the last, the deficit increase would have actually reached 74% from fiscal 2022 to 2023.
On the other side of the equation, federal spending rose by 8% in the first seven months of the fiscal year.
Much of the increase resulted from higher interest costs on paying down the national debt — up 40% thanks to the Fed’s interest rate hikes, again a consequence of inflation.
Despite the pandemic being over and Democrats having already achieved the “full employment” they have always dreamt of, we’re on track to spend nearly $2 trillion this fiscal year.
From the cost of borrowing to our dismal labor force participation rate, the federal government has managed to worsen every element on both sides of the equation.
end quotes
So, every story paints a picture, don’t it, and this picture looks very much like a picture from 1929!
So, can Joe Biden dish us up a depression like never seen before?
Stay tuned!
http://www.capecharlesmirror.com/op-ed- ... ent-799525
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 15, 2023 AT 9:57 PM
Paul R. Plante says:
On July 19, 2021, in his “Remarks by President Biden on the Economy,” we had Joe Biden saying as follows; to wit:
We can’t go back to the old, failed thinking.
We need to grow the economy from the bottom up and the middle out, as I’ve said before.
end quotes
And for a vivid example of what Joe calls growing the economy from the bottom up and the middle out so that the rich and wealthy do quite well, which is the way it should be, because it is the right thing to do, let’s go to a CNBC story titled “Consumer debt passes $17 trillion for the first time despite slide in mortgage demand” by Jeff Cox on May 15, 2023, where we have as follows on that very subject, to wit:
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period, the New York Federal Reserve reported Monday.
That took total indebtedness up about $2.9 trillion from the pre-Covid period ended in 2019.
end quotes
When Joe Biden talks about growing the economy from the bottom up and the middle out, there is exactly how he is doing it – pushing those at the bottom and in the middle further into debt, making them in essence debt slaves, so that Joe’s upper class, the rich and wealthy the Democrats and Joe Biden rely upon for political contributions, do well for themselves, and so, have some extra coin to contribute to Joe and the Democrats, which takes us back to that story, as follows:
That increase came even though new mortgage originations, including refinancings, totaled just $323.5 billion, the lowest level since the second quarter of 2014.
The total was 35% lower than in the fourth quarter of 2022 and 62% below the same period a year ago.
New home loans peaked at $1.22 trillion in the second quarter of 2021 and have been falling since as interest rates have increased.
The higher rates helped push total mortgage debt to $12.04 trillion, up 0.1 percentage point from the fourth quarter.
end quotes
And here, while we are also on causes of the GREAT DEPRESSION, let us consider the following, and as I have said before, this used to be a topic taught in high school in America so we would know the difference, to wit:
Q: What is the connection between the consumerism of the 1920s and the Great Depression?
A: Consumerism was a culture that dominated the 1920s.
It resulted in people buying things they didn’t need and taking on debt they couldn’t afford, which ultimately led to the stock market crash.
end quote
Which takes us back to Joe on July 19, 2021, to wit:
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
end quotes
Which takes us back to the CNBC article to see more of what Joe was talking about there, to wit:
Delinquency rates for all debt increased, up 0.6 percentage point for credit cards to 6.5% and 0.2 percentage point for auto loans to 6.9%.
Total delinquency rates moved up 0.2 percentage point to 3%, the highest since the third quarter of 2020.
Student loan debt edged higher to $1.6 trillion and auto loans nudged up as well to $1.56 trillion.
end quotes
Which takes us back to causes of the GREAT DEPRESSION, to wit:
Q: What happened to consumer debt between 1920 and 1930?
A: Consumer debt more than doubled between 1920 and 1930.
Q: How was consumer debt a cause of the Great Depression?
A: Economist Irving Fisher explained in 1933 that to keep up with their house, auto, and other debt payments, people cut back on their spending.
This, he said, was the major reason consumer demand dropped, which caused more price and wage deflation, less investment, falling output by companies, and layoffs.
http://www.capecharlesmirror.com/op-ed- ... ent-800231
Paul R. Plante says:
On July 19, 2021, in his “Remarks by President Biden on the Economy,” we had Joe Biden saying as follows; to wit:
We can’t go back to the old, failed thinking.
We need to grow the economy from the bottom up and the middle out, as I’ve said before.
end quotes
And for a vivid example of what Joe calls growing the economy from the bottom up and the middle out so that the rich and wealthy do quite well, which is the way it should be, because it is the right thing to do, let’s go to a CNBC story titled “Consumer debt passes $17 trillion for the first time despite slide in mortgage demand” by Jeff Cox on May 15, 2023, where we have as follows on that very subject, to wit:
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period, the New York Federal Reserve reported Monday.
That took total indebtedness up about $2.9 trillion from the pre-Covid period ended in 2019.
end quotes
When Joe Biden talks about growing the economy from the bottom up and the middle out, there is exactly how he is doing it – pushing those at the bottom and in the middle further into debt, making them in essence debt slaves, so that Joe’s upper class, the rich and wealthy the Democrats and Joe Biden rely upon for political contributions, do well for themselves, and so, have some extra coin to contribute to Joe and the Democrats, which takes us back to that story, as follows:
That increase came even though new mortgage originations, including refinancings, totaled just $323.5 billion, the lowest level since the second quarter of 2014.
The total was 35% lower than in the fourth quarter of 2022 and 62% below the same period a year ago.
New home loans peaked at $1.22 trillion in the second quarter of 2021 and have been falling since as interest rates have increased.
The higher rates helped push total mortgage debt to $12.04 trillion, up 0.1 percentage point from the fourth quarter.
end quotes
And here, while we are also on causes of the GREAT DEPRESSION, let us consider the following, and as I have said before, this used to be a topic taught in high school in America so we would know the difference, to wit:
Q: What is the connection between the consumerism of the 1920s and the Great Depression?
A: Consumerism was a culture that dominated the 1920s.
It resulted in people buying things they didn’t need and taking on debt they couldn’t afford, which ultimately led to the stock market crash.
end quote
Which takes us back to Joe on July 19, 2021, to wit:
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
end quotes
Which takes us back to the CNBC article to see more of what Joe was talking about there, to wit:
Delinquency rates for all debt increased, up 0.6 percentage point for credit cards to 6.5% and 0.2 percentage point for auto loans to 6.9%.
Total delinquency rates moved up 0.2 percentage point to 3%, the highest since the third quarter of 2020.
Student loan debt edged higher to $1.6 trillion and auto loans nudged up as well to $1.56 trillion.
end quotes
Which takes us back to causes of the GREAT DEPRESSION, to wit:
Q: What happened to consumer debt between 1920 and 1930?
A: Consumer debt more than doubled between 1920 and 1930.
Q: How was consumer debt a cause of the Great Depression?
A: Economist Irving Fisher explained in 1933 that to keep up with their house, auto, and other debt payments, people cut back on their spending.
This, he said, was the major reason consumer demand dropped, which caused more price and wage deflation, less investment, falling output by companies, and layoffs.
http://www.capecharlesmirror.com/op-ed- ... ent-800231
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 17, 2023 AT 8:09 PM
Paul R. Plante says:
So, here we have a benchmark date in this saga of Joe Biden’s RIGGED GREEN GAME that we, the American people are getting stuck with the bill for, along with the INFLATION TAX we are being forced to pay as a consequence of all the borrowed money Joe Biden is plowing into the economy, and that benchmark date is July 19, 2021, when in his “Remarks by President Biden on the Economy,” we had Joe Biden stating as follows with respect to Joe exacting a promise from Powell to in fact monetize Joe’s massive debt, as follows, to wit:
THE PRESIDENT: As I made clear to Chairman Powell of the Federal Reserve when we met recently, the Fed is independent.
But whatever different views some might have on current price increases, we should be united on one thing: passage of the Bipartisan Infrastructure Framework, which we shook hands on.
We shook hands on it.
end quotes
So using that date of July 19, 2021 as our benchmark, we can then search the internet to see if we can find any references from either Joe Biden or Jerome Powell as to what they did shake hands on, which first takes us to a CNBC article dated January 20, 2021, six months earlier, and titled “The Fed under Biden: New mandates, a close White House tie and big challenges ahead” by Jeff Cox, where we had as follows with respect to the relationship between Joe Biden and Jerome Powell, who is supposed to be independent from Joe Biden, but clearly is not, to wit:
The Federal Reserve is likely to enjoy a more cordial relationship with President Joe Biden than it did with Donald Trump, who once called central bankers “boneheads.”
end quote
A more cordial relationship, people?
How does that fit in with the concept of an independent Federal Reserve?
And was Trump wrong, given the abysmally poor record of the Federal Reserve, to call the central bankers “boneheads?”
Keep an open mind on that thought, considering where the Federal Reserve, in colluding with Joe Biden to finance his INSANE GREEN DREAM has brought us to, which takes us back to that CNBC article, where we have more on the incestuous relationship between the Biden administration and the Federal Reserve under Biden pet poodle Jerry Powell, to wit:
“He will respect the office.”
“Biden’s an old-fashioned guy,” said Christopher Whalen, a finance veteran and head of Whalen Global Advisors.
However, the Fed under Biden likely will be pushed toward addressing racial inequality and climate change.
“Above all else, what the Fed wants to do is to keep as much power as they can, and the way in which they keep their power is to keep the party in charge happy,” policy expert Ed Mills said.
end quotes
And right there goes any pretense that the Federal Reserve is independent of partisan politics right out the window, which is important for we, the American people to know, which takes us back to CNBC, to wit:
There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates.
Nor will its officials be called “boneheads” should their actions not be in keeping with President Joe Biden’s wishes.
But that doesn’t mean the U.S. central bank won’t face pressure as it looks to navigate its way through a new administration.
Challenges ahead include the coronavirus pandemic, as well as demands for a more inclusive economy and a stronger approach toward social issues, such as racial equality and climate change.
There also will be an interesting new dynamic, where Treasury Secretary nominee Janet Yellen will, if confirmed, have the added benefit of being a former Fed chair.
Broad monetary policy changes are unlikely ahead.
Biden likely will enjoy the same low interest rate environment that the last two holders of the office have held.
end quotes
And let us stop right there for the moment with that statement from January 20, 2021 that Joe Biden likely would enjoy the same low interest rate environment that the last two holders of the office have held, because there is the fatal flaw in Joe Biden’s INSANE GREEN DREAM that has come back around to bite we, the American people right in the ***, because thanks to the inflation caused by Joe’s INSANE GREEN DREAM, it is no longer a low interest rate environment and that, people, spells danger down the road for us, so stay tuned for more on that very subject, courtesy of the Cape Charles Mirror!
http://www.capecharlesmirror.com/op-ed- ... ent-800870
Paul R. Plante says:
So, here we have a benchmark date in this saga of Joe Biden’s RIGGED GREEN GAME that we, the American people are getting stuck with the bill for, along with the INFLATION TAX we are being forced to pay as a consequence of all the borrowed money Joe Biden is plowing into the economy, and that benchmark date is July 19, 2021, when in his “Remarks by President Biden on the Economy,” we had Joe Biden stating as follows with respect to Joe exacting a promise from Powell to in fact monetize Joe’s massive debt, as follows, to wit:
THE PRESIDENT: As I made clear to Chairman Powell of the Federal Reserve when we met recently, the Fed is independent.
But whatever different views some might have on current price increases, we should be united on one thing: passage of the Bipartisan Infrastructure Framework, which we shook hands on.
We shook hands on it.
end quotes
So using that date of July 19, 2021 as our benchmark, we can then search the internet to see if we can find any references from either Joe Biden or Jerome Powell as to what they did shake hands on, which first takes us to a CNBC article dated January 20, 2021, six months earlier, and titled “The Fed under Biden: New mandates, a close White House tie and big challenges ahead” by Jeff Cox, where we had as follows with respect to the relationship between Joe Biden and Jerome Powell, who is supposed to be independent from Joe Biden, but clearly is not, to wit:
The Federal Reserve is likely to enjoy a more cordial relationship with President Joe Biden than it did with Donald Trump, who once called central bankers “boneheads.”
end quote
A more cordial relationship, people?
How does that fit in with the concept of an independent Federal Reserve?
And was Trump wrong, given the abysmally poor record of the Federal Reserve, to call the central bankers “boneheads?”
Keep an open mind on that thought, considering where the Federal Reserve, in colluding with Joe Biden to finance his INSANE GREEN DREAM has brought us to, which takes us back to that CNBC article, where we have more on the incestuous relationship between the Biden administration and the Federal Reserve under Biden pet poodle Jerry Powell, to wit:
“He will respect the office.”
“Biden’s an old-fashioned guy,” said Christopher Whalen, a finance veteran and head of Whalen Global Advisors.
However, the Fed under Biden likely will be pushed toward addressing racial inequality and climate change.
“Above all else, what the Fed wants to do is to keep as much power as they can, and the way in which they keep their power is to keep the party in charge happy,” policy expert Ed Mills said.
end quotes
And right there goes any pretense that the Federal Reserve is independent of partisan politics right out the window, which is important for we, the American people to know, which takes us back to CNBC, to wit:
There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates.
Nor will its officials be called “boneheads” should their actions not be in keeping with President Joe Biden’s wishes.
But that doesn’t mean the U.S. central bank won’t face pressure as it looks to navigate its way through a new administration.
Challenges ahead include the coronavirus pandemic, as well as demands for a more inclusive economy and a stronger approach toward social issues, such as racial equality and climate change.
There also will be an interesting new dynamic, where Treasury Secretary nominee Janet Yellen will, if confirmed, have the added benefit of being a former Fed chair.
Broad monetary policy changes are unlikely ahead.
Biden likely will enjoy the same low interest rate environment that the last two holders of the office have held.
end quotes
And let us stop right there for the moment with that statement from January 20, 2021 that Joe Biden likely would enjoy the same low interest rate environment that the last two holders of the office have held, because there is the fatal flaw in Joe Biden’s INSANE GREEN DREAM that has come back around to bite we, the American people right in the ***, because thanks to the inflation caused by Joe’s INSANE GREEN DREAM, it is no longer a low interest rate environment and that, people, spells danger down the road for us, so stay tuned for more on that very subject, courtesy of the Cape Charles Mirror!
http://www.capecharlesmirror.com/op-ed- ... ent-800870
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 18, 2023 AT 6:04 PM
Paul R. Plante says:
Is it too late?
As we consider this following sick and perverted bull**** being thrown at us by the Biden administration, which also wants us to believe that when it is freezing, it is really global warming, we really have to wonder, to wit:
The Daily Caller
“Boys Must Be Allowed In Girls’ Sports To Protect Kids From ‘Elected Bullies’, Biden’s Education Sec Says”
Story by Alexa Schwerha
17 May 2023
Education Secretary Miguel Cardona said during an interview at Howard University that expansions to Title IX to permit male athletes in female sports are necessary to protect kids from “elected bullies,” NBC4 Washington reported on Wednesday.
end quotes
The “kids” who need to be protected need protection from the elected bully in the Washington white house named Joe Biden, who claims men are women and boys are really girls, are the actual girls who are our daughters and grand daughters, and they need protection from this blithering idiot Cardona, as well, who epitomizes everything that is sick and perverted about the pathetic Biden administration, which takes us back to the story, as follows:
Title IX of the Education Amendments of 1972 prohibits federally funded schools from discriminating on the basis of sex, but a new proposal released by the Biden administration in June 2022 would broaden its scope to include transgender students and prohibit schools from enforcing a “categorical ban” on transgender athletes, according to the Department of Education (DOE) website.
end quotes
So the education department under this ******* fool Cardona now has the power to legislate and make laws?
Silly me, I thought the Constitution reserved that duty to the Congress, not the Biden administration and its lickspittles and toadies like this Cardona, which again takes us back to the story, to wit:
More than two dozen states have enacted laws or policies that prohibit athletes from competing on teams that do not align with their biological sex, which Cardona said during the interview is a form of bullying, according to NBC4 Washington.
end quotes
NO, people!
Speaking as a grand parent of girls and young women, the real serious bullying is when Joe Biden as president of the United States tells our daughters and grand daughters that they have to accept boys or men into their locker rooms and shower rooms and their sports, and there is absolutely nothing they can do about it, which renders our daughters and grand daughters into second-class citizens when compared with one of Joe Biden’s pet “transgenders,” which is a boy calling himself a girl, or a man calling himself a woman.
Going back to the story, we have more as follows:
“The Title IX proposed rule: I want to make sure all kids can go to school free from discrimination, period,” Cardona said.
end quotes
Well, then Miguel, STOP DISCRIMINATING AGAISNT OUR DAUGHTERS AND GRAND DAUGHTERS BY MAKING THEM INTO SECOND-CLASS CITIZENS WITH NO RIGHTS!
Going back to the story:
“We have elected bullies right now going after kids.”
end quote
And his name is Joe Biden, the BIGGEST BULLY of them all which takes us back to the story one last time, to wit:
“Look, it’s not a black-and-white issue: It’s very difficult; it’s very nuanced — and our proposal just ensures that all students have a fair shake.”
end quotes
But it is very much a black-and-white issue, people, boys are not girls and men are not women, and if Cardona really wants to ensure that ALL students have a fair shake, then he will keep boys and men out of girl’s and women’s locker room and shower rooms, and he will make sure that girl’s and women’s sports team are for girls and women, not boys and men, and if he does that, perhaps peace will once more reign in the land!
But I doubt he is smart enough to do so!
http://www.capecharlesmirror.com/assesv ... ent-801207
Paul R. Plante says:
Is it too late?
As we consider this following sick and perverted bull**** being thrown at us by the Biden administration, which also wants us to believe that when it is freezing, it is really global warming, we really have to wonder, to wit:
The Daily Caller
“Boys Must Be Allowed In Girls’ Sports To Protect Kids From ‘Elected Bullies’, Biden’s Education Sec Says”
Story by Alexa Schwerha
17 May 2023
Education Secretary Miguel Cardona said during an interview at Howard University that expansions to Title IX to permit male athletes in female sports are necessary to protect kids from “elected bullies,” NBC4 Washington reported on Wednesday.
end quotes
The “kids” who need to be protected need protection from the elected bully in the Washington white house named Joe Biden, who claims men are women and boys are really girls, are the actual girls who are our daughters and grand daughters, and they need protection from this blithering idiot Cardona, as well, who epitomizes everything that is sick and perverted about the pathetic Biden administration, which takes us back to the story, as follows:
Title IX of the Education Amendments of 1972 prohibits federally funded schools from discriminating on the basis of sex, but a new proposal released by the Biden administration in June 2022 would broaden its scope to include transgender students and prohibit schools from enforcing a “categorical ban” on transgender athletes, according to the Department of Education (DOE) website.
end quotes
So the education department under this ******* fool Cardona now has the power to legislate and make laws?
Silly me, I thought the Constitution reserved that duty to the Congress, not the Biden administration and its lickspittles and toadies like this Cardona, which again takes us back to the story, to wit:
More than two dozen states have enacted laws or policies that prohibit athletes from competing on teams that do not align with their biological sex, which Cardona said during the interview is a form of bullying, according to NBC4 Washington.
end quotes
NO, people!
Speaking as a grand parent of girls and young women, the real serious bullying is when Joe Biden as president of the United States tells our daughters and grand daughters that they have to accept boys or men into their locker rooms and shower rooms and their sports, and there is absolutely nothing they can do about it, which renders our daughters and grand daughters into second-class citizens when compared with one of Joe Biden’s pet “transgenders,” which is a boy calling himself a girl, or a man calling himself a woman.
Going back to the story, we have more as follows:
“The Title IX proposed rule: I want to make sure all kids can go to school free from discrimination, period,” Cardona said.
end quotes
Well, then Miguel, STOP DISCRIMINATING AGAISNT OUR DAUGHTERS AND GRAND DAUGHTERS BY MAKING THEM INTO SECOND-CLASS CITIZENS WITH NO RIGHTS!
Going back to the story:
“We have elected bullies right now going after kids.”
end quote
And his name is Joe Biden, the BIGGEST BULLY of them all which takes us back to the story one last time, to wit:
“Look, it’s not a black-and-white issue: It’s very difficult; it’s very nuanced — and our proposal just ensures that all students have a fair shake.”
end quotes
But it is very much a black-and-white issue, people, boys are not girls and men are not women, and if Cardona really wants to ensure that ALL students have a fair shake, then he will keep boys and men out of girl’s and women’s locker room and shower rooms, and he will make sure that girl’s and women’s sports team are for girls and women, not boys and men, and if he does that, perhaps peace will once more reign in the land!
But I doubt he is smart enough to do so!
http://www.capecharlesmirror.com/assesv ... ent-801207
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 18, 2023 AT 8:40 PM
Paul R. Plante says:
And as if we needed any more proof as to just how worthless and stupid the Washingtonian politics have become under the RULING DEMOCRATS, here comes the smarmy pencil-neck Adam “SHIFTY” Schiff, the congress person for Snow White and Goofy in Disneyland, to give us some anyway:
Fox News
“Adam Schiff, who repeatedly claimed evidence of Russian collusion, denounces Durham report as ‘flawed'”
Story by Charles Creitz
17 May 2023
Rep. Adam Schiff, formerly the top Democrat on the House Intelligence Committee, claimed the release of Special Counsel John Durham’s report on the origins of the Russia investigation revealed the probe was “flawed.”
end quotes
Keeping in mind that this is the idiotic TWERP who blew Trump’s first impeachment big time because he had NO EVIDENCE to support it speaking here, where the word “flawed” belongs to his efforts to impeach Trump, let’s go back to the story, to wit:
“This is an investigation that started in a flawed manner, it was conducted in a flawed manner, and its conclusion is a flawed conclusion,” Schiff told MSNBC host Lawrence O’Donnell on Tuesday.
end quote
Sounds very much as if Adam is reflecting on his failed effort to impeach Trump, with his “investigation,” which was covered in detail by the Cape Charles Mirror (Op-Ed: Cut the crap, Adam Schiff!, December 16, 2018 http://www.capecharlesmirror.com/op-ed- ... am-schiff/ ) starting in a flawed manner, being conducted in a flawed manner, and with its conclusion a flawed conclusion,
Going back to the story of Adam acting the complete jerk here, we have:
Schiff went on to characterize Durham’s probe as one that began because then-President Donald Trump was “badgering” his attorney general, Bill Barr, to “investigate the investigators.”
The Democrat also claimed Durham’s conclusions add “very little” to a two-year-old report from Inspector General Michael Horowitz – and does not prove a “deep state conspiracy” as alleged by Trump and members of the GOP.
He called Durham’s investigation “wasted effort” and “four years of undermining the department [of justice] and a political prosecution.”
In the past, Schiff has repeatedly claimed there is “clear evidence on the issue of collusion” between the Kremlin and Trump’s 2016 campaign.
“I don’t want to go into specifics, but I will say that there is evidence that is not circumstantial.”
“But as I’ve said all along, there’s plenty of evidence of collusion,” he told “Meet The Press” in 2017.
On “The Story,” William McGurn – a member of the Wall Street Journal’s editorial board which had released an editorial calling Durham’s probe a “damning account of the corruption of the FBI and its accomplices” – was asked about the difference in opinion with Schiff.
Anchor Trace Gallagher noted the editorial board also claimed the FBI knew the discredited “dossier” compiled by ex-MI6 spy Christopher Steele “came from Clinton and was phony to begin with.”
McGurn said it is no surprise Democrats like Schiff, as well as those interviewed on Capitol Hill by Fox News Digital on Tuesday, are dismissing the Durham report.
“The Russia collusion story was the gaslighting of America.”
“It was outrageous, the falsehoods, and it involved the highest levels of law enforcement and intelligence on that part,” McGurn said.
He said that Barr seemingly ignored his own personal differences with Trump to clearly state Tuesday that the former president has been vindicated and that the Russia probe was untoward.
“Only Adam Schiff there in those clips talked about the collusion.”
“I mean, Durham said the FBI opened the investigation without any evidence.”
“He also found bias in the FBI, and he found double standards [in] how they treated the Hillary Clinton campaign,” he said.
“And the problem is so many people in Washington were implicated in this hoax that they don’t want the same thing.”
“Their strategy now is to pretend it didn’t happen and not discuss it.”
In the Fox News Digital montage, Democratic Reps. Daniel Goldman of New York, Seth Moulton of Massachusetts, and Jamie Raskin of Maryland were interviewed.
Goldman, who previously served as Democratic impeachment counsel against Trump, said it “is very disappointing to see a once venerable prosecutor clearly infected by political bias,” ostensibly referring to Durham.
Meanwhile, Raskin, a member of the House January 6 Committee, called the probe a “naked self-justification” for the millions taxpayer funds spent on “a wild goose chase.”
end quotes
And there, courtesy of the Cape Charles Mirror, is the latest bull**** in a never-ending stream of bull**** from the RULING DEMOCRATS in the sick and perverted TEN MILES SQUARE that is known as Washington, D.C.
http://www.capecharlesmirror.com/fbi-pr ... ent-801264
Paul R. Plante says:
And as if we needed any more proof as to just how worthless and stupid the Washingtonian politics have become under the RULING DEMOCRATS, here comes the smarmy pencil-neck Adam “SHIFTY” Schiff, the congress person for Snow White and Goofy in Disneyland, to give us some anyway:
Fox News
“Adam Schiff, who repeatedly claimed evidence of Russian collusion, denounces Durham report as ‘flawed'”
Story by Charles Creitz
17 May 2023
Rep. Adam Schiff, formerly the top Democrat on the House Intelligence Committee, claimed the release of Special Counsel John Durham’s report on the origins of the Russia investigation revealed the probe was “flawed.”
end quotes
Keeping in mind that this is the idiotic TWERP who blew Trump’s first impeachment big time because he had NO EVIDENCE to support it speaking here, where the word “flawed” belongs to his efforts to impeach Trump, let’s go back to the story, to wit:
“This is an investigation that started in a flawed manner, it was conducted in a flawed manner, and its conclusion is a flawed conclusion,” Schiff told MSNBC host Lawrence O’Donnell on Tuesday.
end quote
Sounds very much as if Adam is reflecting on his failed effort to impeach Trump, with his “investigation,” which was covered in detail by the Cape Charles Mirror (Op-Ed: Cut the crap, Adam Schiff!, December 16, 2018 http://www.capecharlesmirror.com/op-ed- ... am-schiff/ ) starting in a flawed manner, being conducted in a flawed manner, and with its conclusion a flawed conclusion,
Going back to the story of Adam acting the complete jerk here, we have:
Schiff went on to characterize Durham’s probe as one that began because then-President Donald Trump was “badgering” his attorney general, Bill Barr, to “investigate the investigators.”
The Democrat also claimed Durham’s conclusions add “very little” to a two-year-old report from Inspector General Michael Horowitz – and does not prove a “deep state conspiracy” as alleged by Trump and members of the GOP.
He called Durham’s investigation “wasted effort” and “four years of undermining the department [of justice] and a political prosecution.”
In the past, Schiff has repeatedly claimed there is “clear evidence on the issue of collusion” between the Kremlin and Trump’s 2016 campaign.
“I don’t want to go into specifics, but I will say that there is evidence that is not circumstantial.”
“But as I’ve said all along, there’s plenty of evidence of collusion,” he told “Meet The Press” in 2017.
On “The Story,” William McGurn – a member of the Wall Street Journal’s editorial board which had released an editorial calling Durham’s probe a “damning account of the corruption of the FBI and its accomplices” – was asked about the difference in opinion with Schiff.
Anchor Trace Gallagher noted the editorial board also claimed the FBI knew the discredited “dossier” compiled by ex-MI6 spy Christopher Steele “came from Clinton and was phony to begin with.”
McGurn said it is no surprise Democrats like Schiff, as well as those interviewed on Capitol Hill by Fox News Digital on Tuesday, are dismissing the Durham report.
“The Russia collusion story was the gaslighting of America.”
“It was outrageous, the falsehoods, and it involved the highest levels of law enforcement and intelligence on that part,” McGurn said.
He said that Barr seemingly ignored his own personal differences with Trump to clearly state Tuesday that the former president has been vindicated and that the Russia probe was untoward.
“Only Adam Schiff there in those clips talked about the collusion.”
“I mean, Durham said the FBI opened the investigation without any evidence.”
“He also found bias in the FBI, and he found double standards [in] how they treated the Hillary Clinton campaign,” he said.
“And the problem is so many people in Washington were implicated in this hoax that they don’t want the same thing.”
“Their strategy now is to pretend it didn’t happen and not discuss it.”
In the Fox News Digital montage, Democratic Reps. Daniel Goldman of New York, Seth Moulton of Massachusetts, and Jamie Raskin of Maryland were interviewed.
Goldman, who previously served as Democratic impeachment counsel against Trump, said it “is very disappointing to see a once venerable prosecutor clearly infected by political bias,” ostensibly referring to Durham.
Meanwhile, Raskin, a member of the House January 6 Committee, called the probe a “naked self-justification” for the millions taxpayer funds spent on “a wild goose chase.”
end quotes
And there, courtesy of the Cape Charles Mirror, is the latest bull**** in a never-ending stream of bull**** from the RULING DEMOCRATS in the sick and perverted TEN MILES SQUARE that is known as Washington, D.C.
http://www.capecharlesmirror.com/fbi-pr ... ent-801264
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 20, 2023 AT 10:15 PM
Paul R. Plante says:
And while we are on this subject of Joe Biden colluding (cooperate in a secret or unlawful way in order to deceive or gain an advantage over others) with fed chair Jerome Powell to monetize the MASSIVE DEBT represented by Joe Biden’s RIGGED GREEN GAME, which is corporate welfare on steroids, let us go back for a moment to the CNBC article titled “The Fed under Biden: New mandates, a close White House tie and big challenges ahead” by Jeff Cox on January 20, 2021, six months before Joe Biden in his “Remarks by President Biden on the Economy” on July 19, 2021 stated “As I made clear to Chairman Powell of the Federal Reserve when we met recently, the Fed is independent, but whatever different views some might have on current price increases, we should be united on one thing: passage of the Bipartisan Infrastructure Framework, which we shook hands on, we shook hands on it,” where we have as follows, to wit:
For his part, Biden won’t be nearly as vocal as Donald Trump was when the ex-president hectored the Fed for even lower rates.
But all presidents watch the Fed closely, and Biden won’t be an exception as he looks to get through the current crisis.
Most everyone in public office likes low rates, and Biden won’t be an exception.
end quotes
Except as stated above, this is no longer a low-rate environment, and it isn’t a low-rate environment any longer precisely because of the federal reserve being forced to raise interest rates in order to try to stem the inflation caused by Joe’s MASSIVE SPENDING, which takes us to December 1, 2021, five months after Joe Biden’s “Remarks by President Biden on the Economy” on July 19, 2021, and OVERSIGHT OF THE TREASURY DEPARTMENT’S AND FEDERAL RESERVE’S PANDEMIC RESPONSE – HYBRID HEARING BEFORE THE COMMITTEE ON FINANCIAL SERVICES – U.S. HOUSE OF REPRESENTATIVES, where we have Congressman McHenry from North Carolina speaking on the record with regard to the inflation caused by Joe Biden’s MASSIVE SPENDING that has caused interest rates to rise, to wit:
Mr. McHenry: Thank you, Madam Chairwoman, and Chair Powell,
congratulations on your renomination.
It is the Fed’s job to look at and evaluate the macroeconomic picture.
It is not their job to respond to each and every variant.
But it is not just the pandemic that is posing a threat to our full recovery.
It is Democrats’ bad fiscal policy decisions that are driving inflation.
end quotes
That was on December 1, 2021, and today 535 days later, to see where we now are with respect to that same inflation, let’s go to a CNBC article titled “Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet” by Jeff Cox on May 18, 2023, where we have as follows:
Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at the central bank’s next meeting in June.
While noting some progress in bringing down inflation and cooling the labor market, Logan said the Fed still has work to do in achieving its goal for price stability.
“We haven’t yet made the progress we need to make.”
“And it’s a long way from here to 2% inflation,” Logan said, referring to the Fed’s longer-run goal.
She noted that the Fed’s preferred inflation data point, the core personal consumption expenditures price index, ran at a 4.9% annualized pace in the first quarter.
That was higher than the 4.4% pace in the fourth quarter of 2022.
end quotes
And that, of course, is the inflation that Joe Biden told us in a CNN article titled “Biden takes on inflation concerns as domestic agenda hangs in the balance: ‘These disruptions are temporary'” by Phil Mattingly and Kate Sullivan on July 19, 2021 was “transitory,” as follows:
(CNN)President Joe Biden on Monday directly addressed concerns that his sweeping economic agenda will serve as an accelerant to inflation amid growing concern about price hikes across the economic spectrum.
“We also know that as our economy has come roaring back, we’ve seen some price increases.”
“Some folks have raised worries that could be a sign of persistent inflation.”
“But that’s not our view,” Biden said, speaking from the White House.
But Biden also used the occasion to attempt to disarm a line of attack that has resonated in recent weeks as inflation has hit its highest point in 12 years and the US economy continues its emergence from what was essentially a total freeze as the pandemic swept the country.
It comes as economists in both parties have signaled the data is serving as a flashing warning sign about inflation, and as a Marist poll last month for NPR and the PBS NewsHour showed that inflation has surpassed wages and unemployment as the public’s top concern about the US economy.
The White House economic team has been closely monitoring the numbers and officials say it still firmly believes the data is both transitory and more a result of the uneven emergence of the economy from a once in generation supply-side shock — one that has created a series of bottlenecks in the supply chain and supply and demand mismatches that continue to linger.
“The overwhelming consensus is it’s going to pop up a little bit and then go back down,” Biden said last month.
end quotes
And with that said, let’s take a pause!'
http://www.capecharlesmirror.com/op-ed- ... ent-801916
Paul R. Plante says:
And while we are on this subject of Joe Biden colluding (cooperate in a secret or unlawful way in order to deceive or gain an advantage over others) with fed chair Jerome Powell to monetize the MASSIVE DEBT represented by Joe Biden’s RIGGED GREEN GAME, which is corporate welfare on steroids, let us go back for a moment to the CNBC article titled “The Fed under Biden: New mandates, a close White House tie and big challenges ahead” by Jeff Cox on January 20, 2021, six months before Joe Biden in his “Remarks by President Biden on the Economy” on July 19, 2021 stated “As I made clear to Chairman Powell of the Federal Reserve when we met recently, the Fed is independent, but whatever different views some might have on current price increases, we should be united on one thing: passage of the Bipartisan Infrastructure Framework, which we shook hands on, we shook hands on it,” where we have as follows, to wit:
For his part, Biden won’t be nearly as vocal as Donald Trump was when the ex-president hectored the Fed for even lower rates.
But all presidents watch the Fed closely, and Biden won’t be an exception as he looks to get through the current crisis.
Most everyone in public office likes low rates, and Biden won’t be an exception.
end quotes
Except as stated above, this is no longer a low-rate environment, and it isn’t a low-rate environment any longer precisely because of the federal reserve being forced to raise interest rates in order to try to stem the inflation caused by Joe’s MASSIVE SPENDING, which takes us to December 1, 2021, five months after Joe Biden’s “Remarks by President Biden on the Economy” on July 19, 2021, and OVERSIGHT OF THE TREASURY DEPARTMENT’S AND FEDERAL RESERVE’S PANDEMIC RESPONSE – HYBRID HEARING BEFORE THE COMMITTEE ON FINANCIAL SERVICES – U.S. HOUSE OF REPRESENTATIVES, where we have Congressman McHenry from North Carolina speaking on the record with regard to the inflation caused by Joe Biden’s MASSIVE SPENDING that has caused interest rates to rise, to wit:
Mr. McHenry: Thank you, Madam Chairwoman, and Chair Powell,
congratulations on your renomination.
It is the Fed’s job to look at and evaluate the macroeconomic picture.
It is not their job to respond to each and every variant.
But it is not just the pandemic that is posing a threat to our full recovery.
It is Democrats’ bad fiscal policy decisions that are driving inflation.
end quotes
That was on December 1, 2021, and today 535 days later, to see where we now are with respect to that same inflation, let’s go to a CNBC article titled “Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet” by Jeff Cox on May 18, 2023, where we have as follows:
Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at the central bank’s next meeting in June.
While noting some progress in bringing down inflation and cooling the labor market, Logan said the Fed still has work to do in achieving its goal for price stability.
“We haven’t yet made the progress we need to make.”
“And it’s a long way from here to 2% inflation,” Logan said, referring to the Fed’s longer-run goal.
She noted that the Fed’s preferred inflation data point, the core personal consumption expenditures price index, ran at a 4.9% annualized pace in the first quarter.
That was higher than the 4.4% pace in the fourth quarter of 2022.
end quotes
And that, of course, is the inflation that Joe Biden told us in a CNN article titled “Biden takes on inflation concerns as domestic agenda hangs in the balance: ‘These disruptions are temporary'” by Phil Mattingly and Kate Sullivan on July 19, 2021 was “transitory,” as follows:
(CNN)President Joe Biden on Monday directly addressed concerns that his sweeping economic agenda will serve as an accelerant to inflation amid growing concern about price hikes across the economic spectrum.
“We also know that as our economy has come roaring back, we’ve seen some price increases.”
“Some folks have raised worries that could be a sign of persistent inflation.”
“But that’s not our view,” Biden said, speaking from the White House.
But Biden also used the occasion to attempt to disarm a line of attack that has resonated in recent weeks as inflation has hit its highest point in 12 years and the US economy continues its emergence from what was essentially a total freeze as the pandemic swept the country.
It comes as economists in both parties have signaled the data is serving as a flashing warning sign about inflation, and as a Marist poll last month for NPR and the PBS NewsHour showed that inflation has surpassed wages and unemployment as the public’s top concern about the US economy.
The White House economic team has been closely monitoring the numbers and officials say it still firmly believes the data is both transitory and more a result of the uneven emergence of the economy from a once in generation supply-side shock — one that has created a series of bottlenecks in the supply chain and supply and demand mismatches that continue to linger.
“The overwhelming consensus is it’s going to pop up a little bit and then go back down,” Biden said last month.
end quotes
And with that said, let’s take a pause!'
http://www.capecharlesmirror.com/op-ed- ... ent-801916
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 23, 2023 AT 10:49 PM
Paul R. Plante says:
Recapping events in here, this was American dictator and autocrat Joseph Robinette Biden, Junior on July 19, 2021 in his “Remarks by President Biden on the Economy,” where we had from Joe as follows, to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Let me close with this: When I arrived in office, it had been a long time since the government had worked for the people.
Things had been great for big corporations and folks at the top.
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
Thank you all for listening.
May God bless you.
end quotes
And this is economic reality today in America for those of us who are not rich and well-to-do Democrats, to wit:
MoneyWise
“US household debt just hit a record high of $17 trillion — while credit card balances are up nearly 20% compared to last year.”
Story by Serah Louis
21 MAY 2023
U.S. household debt surged to a record $17.05 trillion, with consumers owing $986 billion on their credit cards in the first quarter of 2023, the New York Fed reported May 15.
Credit card balances are also up nearly 20% from last year, according to a separate report from credit reporting company TransUnion on May 11.
“As inflation rose to near 40-year high levels, many consumers have used credit to help manage their budgets, leading to record- or near-record high balances,” Michele Raneri, vice president of U.S. research and consulting at TransUnion, said in a press release.
****************
MarketWatch
“Americans are not paying off their credit-card debt. We should be concerned.”
Story by Quentin Fottrell
21 May 2023
Credit-card balances hit $986 billion in the fourth quarter last year and remained largely unchanged in the first quarter of this year, the Federal Reserve Bank of New York said in its most recent quarterly report on household debt.
It looks increasingly likely that credit-card debt is on track to hit the $1 trillion mark this year, and experts say that this number could be an indicator of a looming economic downturn.
This has raised eyebrows among some observers, because people typically pay off their debts from the holiday season in the first quarter of the year.
That did not happen this year.
“Although inflation is slowing and wages are starting to rise, inflation is still squeezing people’s budgets,” said Mary Eschelbach Hansen, a professor of economics at the American University in Washington, D.C., and author of “Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century.”
“It seems likely that part of the fourth-quarter run-up in balances went towards groceries and other everyday bills rather than holiday expenditures, and folks are having a harder time paying that back,” she said.
Others shared her concerns.
“I see several worrying trends here,” said Ted Rossman, senior industry analyst at Bankrate.com.
“Credit-card debt is something that’s easy to get into and hard to get out of.”
“More people carrying balances at higher rates for longer periods of time is definitely a bad combination.”
“We’re seeing more people financing day-to-day essentials on credit cards.”
Interest rates are also making it more difficult for people to pay off their cards.
“The average credit card charges a record-high 20.33%,” Rossman noted.
“We also see more people carrying balances and holding onto them for longer periods of time.”
“All of this says a lot about the K-shaped economy: Basically, the rich get richer and the poor get poorer.”
end quotes
Exactly as Joe Biden planned it, people – we are nothing more than cash cows to be milked for all we are worth.
But stay tuned because this sad story of the fleecing of the American people does not end there!
http://www.capecharlesmirror.com/op-ed- ... ent-803006
Paul R. Plante says:
Recapping events in here, this was American dictator and autocrat Joseph Robinette Biden, Junior on July 19, 2021 in his “Remarks by President Biden on the Economy,” where we had from Joe as follows, to wit:
I’ve said it before, and it’s true: This is a blue-collar blueprint for building an American economy back.
Let me close with this: When I arrived in office, it had been a long time since the government had worked for the people.
Things had been great for big corporations and folks at the top.
Our economy has come a long way over the last six months.
We can’t slow down now.
We can make this boom we’re experiencing today one that will ensure that all Americans have an opportunity to share in it for years to come.
And we can show the world that American democracy can deliver for the people.
I look forward to continuing to build this economy.
And I’m incredibly optimistic about what we’re going to be able to build together in the next six months and the years to come.
Thank you all for listening.
May God bless you.
end quotes
And this is economic reality today in America for those of us who are not rich and well-to-do Democrats, to wit:
MoneyWise
“US household debt just hit a record high of $17 trillion — while credit card balances are up nearly 20% compared to last year.”
Story by Serah Louis
21 MAY 2023
U.S. household debt surged to a record $17.05 trillion, with consumers owing $986 billion on their credit cards in the first quarter of 2023, the New York Fed reported May 15.
Credit card balances are also up nearly 20% from last year, according to a separate report from credit reporting company TransUnion on May 11.
“As inflation rose to near 40-year high levels, many consumers have used credit to help manage their budgets, leading to record- or near-record high balances,” Michele Raneri, vice president of U.S. research and consulting at TransUnion, said in a press release.
****************
MarketWatch
“Americans are not paying off their credit-card debt. We should be concerned.”
Story by Quentin Fottrell
21 May 2023
Credit-card balances hit $986 billion in the fourth quarter last year and remained largely unchanged in the first quarter of this year, the Federal Reserve Bank of New York said in its most recent quarterly report on household debt.
It looks increasingly likely that credit-card debt is on track to hit the $1 trillion mark this year, and experts say that this number could be an indicator of a looming economic downturn.
This has raised eyebrows among some observers, because people typically pay off their debts from the holiday season in the first quarter of the year.
That did not happen this year.
“Although inflation is slowing and wages are starting to rise, inflation is still squeezing people’s budgets,” said Mary Eschelbach Hansen, a professor of economics at the American University in Washington, D.C., and author of “Bankrupt in America: A History of Debtors, Their Creditors, and the Law in the Twentieth Century.”
“It seems likely that part of the fourth-quarter run-up in balances went towards groceries and other everyday bills rather than holiday expenditures, and folks are having a harder time paying that back,” she said.
Others shared her concerns.
“I see several worrying trends here,” said Ted Rossman, senior industry analyst at Bankrate.com.
“Credit-card debt is something that’s easy to get into and hard to get out of.”
“More people carrying balances at higher rates for longer periods of time is definitely a bad combination.”
“We’re seeing more people financing day-to-day essentials on credit cards.”
Interest rates are also making it more difficult for people to pay off their cards.
“The average credit card charges a record-high 20.33%,” Rossman noted.
“We also see more people carrying balances and holding onto them for longer periods of time.”
“All of this says a lot about the K-shaped economy: Basically, the rich get richer and the poor get poorer.”
end quotes
Exactly as Joe Biden planned it, people – we are nothing more than cash cows to be milked for all we are worth.
But stay tuned because this sad story of the fleecing of the American people does not end there!
http://www.capecharlesmirror.com/op-ed- ... ent-803006
Re: Just musings, is all
THE CAPE CHARLES MIRROR MAY 26, 2023 AT 8:23 PM
Paul R. Plante says:
If someone were to ask me if I could express pretty much all of what is wrong today with American politics at the national level in just two words, my answer would be Adam Schiff.
Consider that there are 331.9 million people in the whole United States, while there are only 714,897 people in Adam Schiff’s congressional district which includes Disneyland, where Adam represents Goofy and the Seven Dwarves, and Hollywood, where Adam represents Brad Pitt and Angelina Jolie and a host of extras hoping to make it into the big time some day, and it is those people and those people only, who can inflict the likes of Adam Schiff on us to our detriment without us being able to do a single thing about it, which is a case of a very small minority exercising control over the vast majority through the lies of the smarmy little pencil-neck Adam Schiff which takes us to a Fox News article titled “GOP Rep. Anna Paulina Luna seeks $16 million fine against Adam Schiff for ‘lies’ about Trump-Russia collusion” by Peter Kasperowicz on 24 May 2023, where we have the latest on Adam, to wit:
FIRST ON FOX: Rep. Anna Paulina Luna, R-Fla., introduced a resolution that would fine Rep. Adam Schiff, D-Calif., $16 million for his claims that former President Trump colluded with Russia to win the 2016 election.
Luna says that amount is about half of the cost of the federal investigation into alleged Trump-Russia collusion, which was debunked by special counsel reports from both Robert Mueller and John Durham.
“The GOP Conference agrees that Adam Schiff has betrayed the trust of the American people, purposely abused positions of extreme authority, lied continuously, and as such, must be held to account,” Luna said.
end quotes
And there, people, is exactly what I am talking about when I say that to me Adam Schiff epitomizes everything wrong with American politics at the national level, where a very small handful of people in California whose values are far different than ours can saddle us with a smarmy little liar who betrays the trust of the American people, purposely abuses positions of extreme authority, and lies continuously, which takes us back for more, to wit:
Luna’s resolution said as chair of the House Permanent Select Committee on Intelligence, Schiff had a position of “extreme trust” that gave him access to sensitive information not available to other members.
But Schiff “abused this trust” by citing evidence of collusion that later special counsel reports showed did not exist.
“By repeatedly telling these falsehoods, Representative Schiff purposely deceived his Committee, Congress, and the American people,” the resolution said.
end quotes
And that of course, is and has been a Democrat party tactic going way back in time, which tactic of telling GREAT BIG LIES over and over and over as if they could be made true that way has been honed to perfection by Democrats like Adam and Joe Biden, which takes us back to Fox, to wit:
It noted that Schiff “lent credibility” to the Steele dossier, supported a Foreign Intelligence Surveillance Act warrant against Trump aide Carter Page, and publicly accused Page of being a Russian collaborator.
“Representative Schiff exploited his positions on HPSCI to encourage and excuse abusive intelligence investigations of Americans for political purposes,” it said.
“Representative Schiff used his position and access to sensitive information to instigate a fraudulently based investigation, which he then used to amass political gain and fundraising dollars.”
“American taxpayers paid $32 million to fund the investigation into collusion that was launched as a result of Rep. Schiff’s lies, misrepresentations, and abuses of sensitive information,” it added.
The resolution “censures and condemns” Schiff for “conduct that misleads the American people in a way that is not befitting an elected Member of the House” and declares that Schiff is fined $16 million.
“It is the obligation of House Leadership to back up this motion for the American people and hold this feckless man accountable,” Luna said.
Last week, Luna introduced a separate resolution to expel Schiff from Congress for abusing his position on the intelligence committee.
Durham released a report last week that found significant FBI failures and no evidence that Donald Trump’s campaign was coordinated with Russia to influence the 2016 presidential election.
Schiff spent years arguing there was evidence to the contrary.
He said in 2017 that the “evidence is not circumstantial.”
Last week, Schiff said Luna’s resolution to expel him from Congress was “payback” for his effort to hold Trump accountable.
“A MAGA Republican Member of Congress just filed a motion to expel me from the U.S. House of Representatives.”
“I stood up to Donald Trump and held extreme MAGA forces accountable,” Schiff, who is running for the Senate, said on Twitter last week.
“Now they want payback.”
“They’ll go after anyone who defends the rule of law.”
end quotes
Which sure as hell isn’t you, Adam!
And I hope they succeed in getting him tossed out because he does not deserve to be there.
Do the right thing, Congress, and send Adam Schiff back to Disneyland where he belongs!
http://www.capecharlesmirror.com/assesv ... ent-804120
Paul R. Plante says:
If someone were to ask me if I could express pretty much all of what is wrong today with American politics at the national level in just two words, my answer would be Adam Schiff.
Consider that there are 331.9 million people in the whole United States, while there are only 714,897 people in Adam Schiff’s congressional district which includes Disneyland, where Adam represents Goofy and the Seven Dwarves, and Hollywood, where Adam represents Brad Pitt and Angelina Jolie and a host of extras hoping to make it into the big time some day, and it is those people and those people only, who can inflict the likes of Adam Schiff on us to our detriment without us being able to do a single thing about it, which is a case of a very small minority exercising control over the vast majority through the lies of the smarmy little pencil-neck Adam Schiff which takes us to a Fox News article titled “GOP Rep. Anna Paulina Luna seeks $16 million fine against Adam Schiff for ‘lies’ about Trump-Russia collusion” by Peter Kasperowicz on 24 May 2023, where we have the latest on Adam, to wit:
FIRST ON FOX: Rep. Anna Paulina Luna, R-Fla., introduced a resolution that would fine Rep. Adam Schiff, D-Calif., $16 million for his claims that former President Trump colluded with Russia to win the 2016 election.
Luna says that amount is about half of the cost of the federal investigation into alleged Trump-Russia collusion, which was debunked by special counsel reports from both Robert Mueller and John Durham.
“The GOP Conference agrees that Adam Schiff has betrayed the trust of the American people, purposely abused positions of extreme authority, lied continuously, and as such, must be held to account,” Luna said.
end quotes
And there, people, is exactly what I am talking about when I say that to me Adam Schiff epitomizes everything wrong with American politics at the national level, where a very small handful of people in California whose values are far different than ours can saddle us with a smarmy little liar who betrays the trust of the American people, purposely abuses positions of extreme authority, and lies continuously, which takes us back for more, to wit:
Luna’s resolution said as chair of the House Permanent Select Committee on Intelligence, Schiff had a position of “extreme trust” that gave him access to sensitive information not available to other members.
But Schiff “abused this trust” by citing evidence of collusion that later special counsel reports showed did not exist.
“By repeatedly telling these falsehoods, Representative Schiff purposely deceived his Committee, Congress, and the American people,” the resolution said.
end quotes
And that of course, is and has been a Democrat party tactic going way back in time, which tactic of telling GREAT BIG LIES over and over and over as if they could be made true that way has been honed to perfection by Democrats like Adam and Joe Biden, which takes us back to Fox, to wit:
It noted that Schiff “lent credibility” to the Steele dossier, supported a Foreign Intelligence Surveillance Act warrant against Trump aide Carter Page, and publicly accused Page of being a Russian collaborator.
“Representative Schiff exploited his positions on HPSCI to encourage and excuse abusive intelligence investigations of Americans for political purposes,” it said.
“Representative Schiff used his position and access to sensitive information to instigate a fraudulently based investigation, which he then used to amass political gain and fundraising dollars.”
“American taxpayers paid $32 million to fund the investigation into collusion that was launched as a result of Rep. Schiff’s lies, misrepresentations, and abuses of sensitive information,” it added.
The resolution “censures and condemns” Schiff for “conduct that misleads the American people in a way that is not befitting an elected Member of the House” and declares that Schiff is fined $16 million.
“It is the obligation of House Leadership to back up this motion for the American people and hold this feckless man accountable,” Luna said.
Last week, Luna introduced a separate resolution to expel Schiff from Congress for abusing his position on the intelligence committee.
Durham released a report last week that found significant FBI failures and no evidence that Donald Trump’s campaign was coordinated with Russia to influence the 2016 presidential election.
Schiff spent years arguing there was evidence to the contrary.
He said in 2017 that the “evidence is not circumstantial.”
Last week, Schiff said Luna’s resolution to expel him from Congress was “payback” for his effort to hold Trump accountable.
“A MAGA Republican Member of Congress just filed a motion to expel me from the U.S. House of Representatives.”
“I stood up to Donald Trump and held extreme MAGA forces accountable,” Schiff, who is running for the Senate, said on Twitter last week.
“Now they want payback.”
“They’ll go after anyone who defends the rule of law.”
end quotes
Which sure as hell isn’t you, Adam!
And I hope they succeed in getting him tossed out because he does not deserve to be there.
Do the right thing, Congress, and send Adam Schiff back to Disneyland where he belongs!
http://www.capecharlesmirror.com/assesv ... ent-804120