THE CAPE CHARLES MIRROR MAY 14, 2021 AT 9:49 PM
Paul Plante says:
And here, as we develop necessary background to understand better the peril the CULT OF JOE represents to our future as a nation and as a people, let us go back for a moment to the Washington Post article by Steven Pearlstein, a Post economics and business columnist who is also Robinson Professor of Public Affairs at George Mason University, entitled “In Democrats’ progressive paradise, borrowing is free, spending pays for itself, and interest rates never rise” on March 3, 2021, where we have the following to consider, to wit:
My purpose in walking through this analysis is to point out that this is the kind of discussion that the country and Congress should be having at this moment — and that many of us hoped would happen with the arrival of a moderate, dealmaking president.
end quotes
Except outside of here at the Cape Charles Mirror, the “country,” i.e., we, the people, are cut right out of any discussions about our collective future which the Democrats have placed firmly in the hands of Joe Biden, which takes us back to that story, as follows:
But what we have been treated to instead are mindless talking points (“Go Big”) politically inspired lines in the sand ($1.9 trillion in stimulus, a $15-an-hour minimum wage, $1,400 rebates) and transparently partisan proposals to reward the Democratic base, buy off White working-class voters and avenge the partisan outrages of the Trump era.
end quotes
And thanks to the GRAND PALLADIUM OF LIBERTY that is the Cape Charles Mirror, we, the people can take those mindless talking points and subject them to rigorous examination to expose them for the Democrat BULL**** they really are, which again takes us back to that article, to wit:
But what is equally disappointing is the performance my colleagues in the media, who relentlessly and heroically exposed the lies and exaggeration and false narratives of the Trump era but have suddenly lost their critical eye.
end quotes
Ah, yes, the CULT OF JOE emerges.
Yesterday, a friend who makes it a point to watch both liberal and conservative talk shows tuned into MSNBC yesterday morning to some panel discussion where the subject was Joe’s approval rating, and the host asked the panelists, some six of them, I believe, if any of them could say anything negative about Joe’s performance to date, and they couldn’t, because, people, as Nancy Pelosi says, and she is a high-ranking United States government official, so she would know this better than any of us common folks, we are blessed to have Joe Biden as president, and when you are blessed with someone like Joe, you find nothing about them to criticize, lest you be labeled as a heretic, and who in their right mind wants to be labeled as one of them?
Getting back to that story:
The extensive coverage of the $1.9 trillion relief package, for example, has been full of all the usual talking points and political posturing but has contained little about how these vast sums were arrived at or how the money would actually be distributed and spent.
end quotes
Which is the motivation for this thread – to delve into how these vast sums were arrived at and how the money would actually be distributed and spent.
Going back to this bit of truth from that article we have:
Rare is the story these days that does not highlight how “progressives” feel about an issue, with nary a mention of what moderates or business leaders have to say.
end quotes
Yes, people, it is about feelings today, not facts.
Facts are complicated, feelings are not, so to the “progressives,” how they “feel” about something is what is all important, facts be damned.
Which takes us in turn to a Reuters article entitled “TREASURIES-U.S. yields climb as CPI data stokes inflation worry” by Chuck Mikolajczak on May 12, 2021, as follows:
On Wednesday, Fed Vice Chair Richard Clarida said it will be “some time” before the U.S. economy is healed enough for the Federal Reserve to consider pulling back its crisis levels of support and he expects the rise in prices to be temporary.
end quotes
“Crisis” levels of support, people?
Can he really be serious that it will be “some time” before the U.S. economy is healed enough for the Federal Reserve to consider pulling back its crisis levels of support?
SIX TRILLION dollars have been pumped into the economy in the last year by the federal government and the CULT OF JOE wants to pump in a couple of trillion more, and still it will be “some time” before the U.S. economy is healed enough for the Federal Reserve to consider pulling back its crisis levels of support?
WTF is up with that?
http://www.capecharlesmirror.com/news/o ... ent-352078
ON INCIPIENT BIDENISM IN AMERICA TODAY
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 17, 2021 AT 8:57 PM
Paul Plante says:
And while we continue to ponder which way Joe Biden is taking this country, and where all the money is going, let’s go to a Business Insider article entitled “The Biden administration moved more than $2 billion earmarked for COVID measures to deal with the influx of migrants at the border” by Yelena Dzhanova on 16 May 2021, where we learn as follows:
The Biden administration is funneling more than $2 billion toward the care of migrant children by and along the southern border, Politico reported.
That money had originally been earmarked to go toward various measures to fight the coronavirus pandemic, according to Politico.
end quotes
And here is a thing about Joe Biden as a Stalin-esque type of dictator – those earmarks mean exactly nothing, because as a dictator, it is Joe that makes the decisions on how our tax dollars are to be spent, not Congress, so it is okay in Joe’s mind for him to divert money meant by Congress to protect the health of the American people over to dealing with the mess his immigration policies have made at the southern border, which takes us back to the story, as follows:
The Department of Health and Human Services said $850 million will come from funds originally intended to expand testing for COVID-19, Politico reported.
Another $850 million will be taken out of a fund set aside to help the country rebuild its emergency stockpile of medical items like masks, respirators, and gloves.
The Strategic National Stockpile is meant to support the country as it deals with an emergency, but the pandemic has basically emptied it.
Another $436 million coming from various health initiatives will also be diverted to support children at the border, according to Politico.
end quotes
So much for protecting the American people.
So, let’s go back to that story to see what the mess Joe Biden has created at the southern border looks like in real life:
At the US-Mexico border, there’s been an influx of migrants seeking entrance to the US and fleeing unfavorable or difficult conditions in their home countries.
In response to the surge, the Biden administration opened several temporary federal shelters, and as of early May, Us officials are holding about 22,500 unaccompanied children.
There’s concern that officials have struggled to adequately care for these migrant children.
There are reports, for example, that say migrant children are not receiving enough food or appropriate mental health care.
Earlier this year, the public got a first look inside the facility after a Congressional representative leaked photos to the media.
One facility showed adults and children sitting in what appeared to be makeshift rooms separating out groups of people.
Each room was cordoned off by what looks like a plastic enclosure, drawing comparisons to jail cells.
Dozens of masked children can be seen lying down on gray mats.
Some were crowded into corners, despite the threat of the coronavirus spreading.
Others appeared to sit on the floor.
Such conditions have caused lawmakers and human-rights experts to sound the alarms and argue that migrant children should have better treatment upon crossing the border.
HHS did not immediately return Insider’s request for comment.
end quotes
And who is surprised by that lack of comment.
Certainly not I.
http://www.capecharlesmirror.com/news/o ... ent-353324
Paul Plante says:
And while we continue to ponder which way Joe Biden is taking this country, and where all the money is going, let’s go to a Business Insider article entitled “The Biden administration moved more than $2 billion earmarked for COVID measures to deal with the influx of migrants at the border” by Yelena Dzhanova on 16 May 2021, where we learn as follows:
The Biden administration is funneling more than $2 billion toward the care of migrant children by and along the southern border, Politico reported.
That money had originally been earmarked to go toward various measures to fight the coronavirus pandemic, according to Politico.
end quotes
And here is a thing about Joe Biden as a Stalin-esque type of dictator – those earmarks mean exactly nothing, because as a dictator, it is Joe that makes the decisions on how our tax dollars are to be spent, not Congress, so it is okay in Joe’s mind for him to divert money meant by Congress to protect the health of the American people over to dealing with the mess his immigration policies have made at the southern border, which takes us back to the story, as follows:
The Department of Health and Human Services said $850 million will come from funds originally intended to expand testing for COVID-19, Politico reported.
Another $850 million will be taken out of a fund set aside to help the country rebuild its emergency stockpile of medical items like masks, respirators, and gloves.
The Strategic National Stockpile is meant to support the country as it deals with an emergency, but the pandemic has basically emptied it.
Another $436 million coming from various health initiatives will also be diverted to support children at the border, according to Politico.
end quotes
So much for protecting the American people.
So, let’s go back to that story to see what the mess Joe Biden has created at the southern border looks like in real life:
At the US-Mexico border, there’s been an influx of migrants seeking entrance to the US and fleeing unfavorable or difficult conditions in their home countries.
In response to the surge, the Biden administration opened several temporary federal shelters, and as of early May, Us officials are holding about 22,500 unaccompanied children.
There’s concern that officials have struggled to adequately care for these migrant children.
There are reports, for example, that say migrant children are not receiving enough food or appropriate mental health care.
Earlier this year, the public got a first look inside the facility after a Congressional representative leaked photos to the media.
One facility showed adults and children sitting in what appeared to be makeshift rooms separating out groups of people.
Each room was cordoned off by what looks like a plastic enclosure, drawing comparisons to jail cells.
Dozens of masked children can be seen lying down on gray mats.
Some were crowded into corners, despite the threat of the coronavirus spreading.
Others appeared to sit on the floor.
Such conditions have caused lawmakers and human-rights experts to sound the alarms and argue that migrant children should have better treatment upon crossing the border.
HHS did not immediately return Insider’s request for comment.
end quotes
And who is surprised by that lack of comment.
Certainly not I.
http://www.capecharlesmirror.com/news/o ... ent-353324
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 18, 2021 AT 9:12 PM
Paul Plante says:
Chaos is coming, people, and its name is Joe Biden!
And to flesh that thought out a bit more, let us first go back to the full transcript from President Joe Biden’s address to a joint session of Congress on 28 April 2021, where we have Joe blathering away about things he doesn’t know about and doesn’t understand, to wit:
Tonight, I come to talk about crisis — and opportunity.
About rebuilding our nation — and revitalizing our democracy.
And winning the future for America.
end quotes
Yes, people, sing hallelujah and say amen, because we are saved – Joe Biden is here and he is going to win the future for America, because of how much our Joe loves us, which takes us back to that transcript as follows:
For me, when I think about climate change, I think jobs.
Electrical workers installing 500,000 charging stations along our highways.
end quotes
Keeping that thought in mind about those 500,000 charging stations Joe Biden is going to install all across America, because that thought is essential to understanding the brick wall Joe Biden is going to slam us into face first, let us next go to a story in The Hill entitled “Governors pressure Biden to nationally phase out gas, diesel cars – A dozen states are calling on the president to phase in zero-emission vehicles” by Christian Spencer on April 30, 2021, where we learn further about the future Joe Biden is going to create, as follows:
Governors from across the country are calling on President Biden to take federal action to ensure that all new cars and trucks sold are zero-emission by no later than 2035.
The Biden administration could set vehicle admission standards under the Clean Air Act that only the electric cars could meet, The Guardian reports.
Biden already shares the same sentiment with the governors.
“[There’s] no reason why American workers can’t lead the world in the production of electric vehicles and batteries,” the president said.
Biden’s plans on ushering in new innovative ways to expand renewable energy and electric vehicles, which he promises will bring in millions of new jobs.
end quotes
And that then takes us to a CBS News story entitled “Biden says ‘the future of the auto industry is electric’ at Ford plant” by Kathryn Watson on May 18, 2021, to wit:
Dearborn, Michigan — President Biden traveled Tuesday to Dearborn, Michigan, to visit Ford’s electric vehicle plant as his administration continues to push for alternative forms of energy and transportation.
“The future of the auto industry is electric.”
“There’s no turning back,” Mr. Biden said in remarks from the auto plant, known as the Ford Rouge Electric Vehicle Center.
end quotes
And in one of those cosmic confluences of events associated with the Cape Charles Mirror, that thought brings me back to the Speech to 20th Congress of the C.P.S.U. of Nikita Khrushchev on February 24-25, 1956, as follows:
You see what Stalin’s mania for greatness led to.
He completely lost consciousness of reality.
end quotes
Getting back to that story, it continues, thusly:
Mr. Biden has aligned himself with unions, and is pushing his multi-trillion-dollar infrastructure package, known as the American Jobs Plan.
“Right now, China is leading in this race, make no bones about it,” Mr. Biden said about the production of electric vehicles.
“They will not win this race.”
“We can’t let them.”
Mr. Biden denounced the Trump administration for not focusing enough on development of electric vehicles, or on shoring up the nation’s infrastructure.
“They announced infrastructure week!” Mr. Biden said.
“And they announced it, and announced it, and announced it, and announced it — every week for four years.”
“Didn’t do a damn thing.”
“They didn’t get the job done.”
In a fact sheet released Tuesday morning, the White House said the president’s American Jobs Plan would “accelerate our domestic EV industry by driving demand for advanced cars and trucks, reinvigorating our automotive sector and battery manufacturing, deploying a national network of chargers, and advancing our innovation capacity for the next generation of technology.”
end quotes
And with that as necessary background, before proceeding with the analysis, let me pause here for that to all sink in, and let me leave you with this thought – how long does it take to refill an electric car?
And haven’t we been here before with Joe Biden?
Anyone recall the name Fisker?
Doers anyone recall that in 2009, the Obama-Biden administration agreed to pump $500 million of taxpayer stimulus cash into a foreign automotive company, Fisker, to make cars in the vice president’s home state of Delaware?
And when their green-energy boondoggle went belly up, zero cars had been manufactured in the United States — despite the hefty cost footed by America.
Fisker was awarded $528 million in federal loans to build luxurious looking, environmentally friendly automobiles in America — despite having never sold a car.
The grant was given by the Department of Energy and celebrated by Secretary Steven Chu who declared that thousands of jobs would be created.
And interestingly, bankruptcy documents related to the Fisker failure curiously listed Joe Biden’s son, Hunter, as a creditor to the automaker.
Fisker was later purchased at auction by Wanxiang, a Chinese conglomerate, after being “enticed” by Fisker creditors.
Wanxiang also has ties to Hunter Biden: The foreign company had invested $1.25 billion into a different company that was a client of Seneca Advisors, Hunter’s consulting firm.
Wheels within wheels, people!
So who will benefit from this latest Biden BOONDOGGLE?
Hunter Biden?
http://www.capecharlesmirror.com/news/o ... ent-353588
Paul Plante says:
Chaos is coming, people, and its name is Joe Biden!
And to flesh that thought out a bit more, let us first go back to the full transcript from President Joe Biden’s address to a joint session of Congress on 28 April 2021, where we have Joe blathering away about things he doesn’t know about and doesn’t understand, to wit:
Tonight, I come to talk about crisis — and opportunity.
About rebuilding our nation — and revitalizing our democracy.
And winning the future for America.
end quotes
Yes, people, sing hallelujah and say amen, because we are saved – Joe Biden is here and he is going to win the future for America, because of how much our Joe loves us, which takes us back to that transcript as follows:
For me, when I think about climate change, I think jobs.
Electrical workers installing 500,000 charging stations along our highways.
end quotes
Keeping that thought in mind about those 500,000 charging stations Joe Biden is going to install all across America, because that thought is essential to understanding the brick wall Joe Biden is going to slam us into face first, let us next go to a story in The Hill entitled “Governors pressure Biden to nationally phase out gas, diesel cars – A dozen states are calling on the president to phase in zero-emission vehicles” by Christian Spencer on April 30, 2021, where we learn further about the future Joe Biden is going to create, as follows:
Governors from across the country are calling on President Biden to take federal action to ensure that all new cars and trucks sold are zero-emission by no later than 2035.
The Biden administration could set vehicle admission standards under the Clean Air Act that only the electric cars could meet, The Guardian reports.
Biden already shares the same sentiment with the governors.
“[There’s] no reason why American workers can’t lead the world in the production of electric vehicles and batteries,” the president said.
Biden’s plans on ushering in new innovative ways to expand renewable energy and electric vehicles, which he promises will bring in millions of new jobs.
end quotes
And that then takes us to a CBS News story entitled “Biden says ‘the future of the auto industry is electric’ at Ford plant” by Kathryn Watson on May 18, 2021, to wit:
Dearborn, Michigan — President Biden traveled Tuesday to Dearborn, Michigan, to visit Ford’s electric vehicle plant as his administration continues to push for alternative forms of energy and transportation.
“The future of the auto industry is electric.”
“There’s no turning back,” Mr. Biden said in remarks from the auto plant, known as the Ford Rouge Electric Vehicle Center.
end quotes
And in one of those cosmic confluences of events associated with the Cape Charles Mirror, that thought brings me back to the Speech to 20th Congress of the C.P.S.U. of Nikita Khrushchev on February 24-25, 1956, as follows:
You see what Stalin’s mania for greatness led to.
He completely lost consciousness of reality.
end quotes
Getting back to that story, it continues, thusly:
Mr. Biden has aligned himself with unions, and is pushing his multi-trillion-dollar infrastructure package, known as the American Jobs Plan.
“Right now, China is leading in this race, make no bones about it,” Mr. Biden said about the production of electric vehicles.
“They will not win this race.”
“We can’t let them.”
Mr. Biden denounced the Trump administration for not focusing enough on development of electric vehicles, or on shoring up the nation’s infrastructure.
“They announced infrastructure week!” Mr. Biden said.
“And they announced it, and announced it, and announced it, and announced it — every week for four years.”
“Didn’t do a damn thing.”
“They didn’t get the job done.”
In a fact sheet released Tuesday morning, the White House said the president’s American Jobs Plan would “accelerate our domestic EV industry by driving demand for advanced cars and trucks, reinvigorating our automotive sector and battery manufacturing, deploying a national network of chargers, and advancing our innovation capacity for the next generation of technology.”
end quotes
And with that as necessary background, before proceeding with the analysis, let me pause here for that to all sink in, and let me leave you with this thought – how long does it take to refill an electric car?
And haven’t we been here before with Joe Biden?
Anyone recall the name Fisker?
Doers anyone recall that in 2009, the Obama-Biden administration agreed to pump $500 million of taxpayer stimulus cash into a foreign automotive company, Fisker, to make cars in the vice president’s home state of Delaware?
And when their green-energy boondoggle went belly up, zero cars had been manufactured in the United States — despite the hefty cost footed by America.
Fisker was awarded $528 million in federal loans to build luxurious looking, environmentally friendly automobiles in America — despite having never sold a car.
The grant was given by the Department of Energy and celebrated by Secretary Steven Chu who declared that thousands of jobs would be created.
And interestingly, bankruptcy documents related to the Fisker failure curiously listed Joe Biden’s son, Hunter, as a creditor to the automaker.
Fisker was later purchased at auction by Wanxiang, a Chinese conglomerate, after being “enticed” by Fisker creditors.
Wanxiang also has ties to Hunter Biden: The foreign company had invested $1.25 billion into a different company that was a client of Seneca Advisors, Hunter’s consulting firm.
Wheels within wheels, people!
So who will benefit from this latest Biden BOONDOGGLE?
Hunter Biden?
http://www.capecharlesmirror.com/news/o ... ent-353588
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 19, 2021 AT 4:51 PM
Paul Plante says:
And while we are on that specific subject of Joe electrifying the highways of America to realize his and John Kerry’s dream of laying America low by banning all internal combustion engines on the highways of America, let us go to an Oilprice.com article entitled “18% Of EV Drivers In California Switched Back To Gasoline Cars” by Irina Slav on May 03, 2021, to see where this is all headed with Joe Biden’s promise to install 500,000 electric vehicle charging stations all across America, as if that is going to solve any problems that John Kerry and Joe Biden, neither of whom has ever held gainful employment in their lives that would tend to give them insight into the folly they are going to precipitate in the name of “GO GREEN AS HARD AND FAST AS YOU CAN AND DAMN THE CONSEQUENCES,” to wit:
Close to a fifth of all EV drivers in California have switched back to gasoline cars because charging their electric cars was a hassle, according to a new study bound to send ripples across an industry that has plans for market domination.
end quotes
Which takes us back to my existential question above of exactly how long does it take to fill up the tank of an electric vehicle, versus a car powered by gas, which maybe would take what, five or ten minutes at the most?
Getting back to that article, we have:
The study from the University of California, published in Nature Energy, looked at drivers who bought EVs between 2012 and 2018 and found that 18 percent of battery electric vehicle buyers switched back to gasoline-powered cars, as did 20 percent of plug-in hybrid buyers.
The main problem cited by respondents to the surveys that the authors conducted was with charging times.
end quotes
Yes, people, “charging times!”
So how about that?
Because electric cars do not have a tank that can be conveniently filled, like a vehicle powered by an internal combustion engine, they have a battery, that like any battery, takes some time to recharge, or “fill,” if you like.
So when you are on the road and pull in to one of Joe Biden’s charging stations, you are going to be there for more than five or ten minutes, so bring some water to drink and a lunch, which takes us back to that article, as follows:
Insider, in a report on the study, quoted Bloomberg’s car analyst Kevin Tinan as explaining that he had just tested a Mustang Mach-E.
It had charged — in a household outlet — at a rate of just 3 miles of range per hour.
This makes just 36 miles of range for overnight charging, Tinan noted.
end quotes
So there you are, people, you, the kids, the family dog, on the road to see America, and every twelve hours of recharging your battery, you can make it another thirty-six miles down the road, and how you keep the kids and dog amused while that is happening is a mystery to me.
Maybe Joe will build motels by each charging station so at least people will have a place to stay while waiting for their car to recharge.
Jobs, jobs, jobs, afterall, says Joe, which takes us back to that article, to wit:
The technicalities of EV charging rarely make the headlines, and the reason is that they are a bit inconvenient for EV proponents.
If you buy an EV that you use every day, you won’t be able to do it by charging it at home.
The reason is that household outlets give out some 120 volts of power, which makes for the aforementioned rate of charging.
Public charging points, in comparison, put out 240 volts, which means faster charging.
Then there are Tesla’s Superchargers, which give out 480 volts.
Yet even with a Supercharger, it would take an hour to “fill up” an EV battery.
This compares to just a handful of minutes to fill up a gasoline-powered vehicle.
What’s more, according to the study from the University of California, two-thirds of EV drivers didn’t use public charging stations, although the reasons for this were not specified.
Such studies don’t bode well for the future of EVs.
The Biden administration — and the state of California — have superambitious plans for EV adoption, and so have all big carmakers.
But studies such as the one from nature Energy suggest success may not be as certain as some would like it to be.
Car dealers are already aware of that: a recent article in the Wall Street Journal noted EVs still make up a tiny minority of total car sales and cited one car dealer as saying, “The consumer in the middle of America just isn’t there yet.”
http://www.capecharlesmirror.com/news/o ... ent-353967
Paul Plante says:
And while we are on that specific subject of Joe electrifying the highways of America to realize his and John Kerry’s dream of laying America low by banning all internal combustion engines on the highways of America, let us go to an Oilprice.com article entitled “18% Of EV Drivers In California Switched Back To Gasoline Cars” by Irina Slav on May 03, 2021, to see where this is all headed with Joe Biden’s promise to install 500,000 electric vehicle charging stations all across America, as if that is going to solve any problems that John Kerry and Joe Biden, neither of whom has ever held gainful employment in their lives that would tend to give them insight into the folly they are going to precipitate in the name of “GO GREEN AS HARD AND FAST AS YOU CAN AND DAMN THE CONSEQUENCES,” to wit:
Close to a fifth of all EV drivers in California have switched back to gasoline cars because charging their electric cars was a hassle, according to a new study bound to send ripples across an industry that has plans for market domination.
end quotes
Which takes us back to my existential question above of exactly how long does it take to fill up the tank of an electric vehicle, versus a car powered by gas, which maybe would take what, five or ten minutes at the most?
Getting back to that article, we have:
The study from the University of California, published in Nature Energy, looked at drivers who bought EVs between 2012 and 2018 and found that 18 percent of battery electric vehicle buyers switched back to gasoline-powered cars, as did 20 percent of plug-in hybrid buyers.
The main problem cited by respondents to the surveys that the authors conducted was with charging times.
end quotes
Yes, people, “charging times!”
So how about that?
Because electric cars do not have a tank that can be conveniently filled, like a vehicle powered by an internal combustion engine, they have a battery, that like any battery, takes some time to recharge, or “fill,” if you like.
So when you are on the road and pull in to one of Joe Biden’s charging stations, you are going to be there for more than five or ten minutes, so bring some water to drink and a lunch, which takes us back to that article, as follows:
Insider, in a report on the study, quoted Bloomberg’s car analyst Kevin Tinan as explaining that he had just tested a Mustang Mach-E.
It had charged — in a household outlet — at a rate of just 3 miles of range per hour.
This makes just 36 miles of range for overnight charging, Tinan noted.
end quotes
So there you are, people, you, the kids, the family dog, on the road to see America, and every twelve hours of recharging your battery, you can make it another thirty-six miles down the road, and how you keep the kids and dog amused while that is happening is a mystery to me.
Maybe Joe will build motels by each charging station so at least people will have a place to stay while waiting for their car to recharge.
Jobs, jobs, jobs, afterall, says Joe, which takes us back to that article, to wit:
The technicalities of EV charging rarely make the headlines, and the reason is that they are a bit inconvenient for EV proponents.
If you buy an EV that you use every day, you won’t be able to do it by charging it at home.
The reason is that household outlets give out some 120 volts of power, which makes for the aforementioned rate of charging.
Public charging points, in comparison, put out 240 volts, which means faster charging.
Then there are Tesla’s Superchargers, which give out 480 volts.
Yet even with a Supercharger, it would take an hour to “fill up” an EV battery.
This compares to just a handful of minutes to fill up a gasoline-powered vehicle.
What’s more, according to the study from the University of California, two-thirds of EV drivers didn’t use public charging stations, although the reasons for this were not specified.
Such studies don’t bode well for the future of EVs.
The Biden administration — and the state of California — have superambitious plans for EV adoption, and so have all big carmakers.
But studies such as the one from nature Energy suggest success may not be as certain as some would like it to be.
Car dealers are already aware of that: a recent article in the Wall Street Journal noted EVs still make up a tiny minority of total car sales and cited one car dealer as saying, “The consumer in the middle of America just isn’t there yet.”
http://www.capecharlesmirror.com/news/o ... ent-353967
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 19, 2021 AT 6:51 PM
Paul Plante says:
And while we ponder these 500,000 charging stations Joe Biden is going to install all across America as he and John Kerry electrify America’s highways while doing away with internal combustion engines, consider that at present, the national highway system consists of 160,955 miles of highways, and there are approximately 4,071,000 miles of roads in the United States, 2,678,000 miles paved and 1,394,000 miles unpaved, while the number of registered vehicles in the US in 2020 was 286.9 million, so Joe Biden’s charging stations are going to be few and far between.
As to how far the best electric vehicles can go before needing a recharge, here is what we have to date:
Top 10 longest-range electric cars
Mercedes EQS: 479 miles.
Tesla Model S Long Range: 412 miles.
Tesla Model S Plaid: 390 miles.
BMW iX xDrive50: 373 miles.
Ford Mustang Mach E Extended Range RWD: 370 miles.
BMW i4: 366 miles.
Tesla Model 3 Long Range: 360 miles.
Tesla Model X Long Range Plus: 348 miles.
end quotes
So Joe Biden is going to have to have a charging station for these cars every 300 miles or so, all across America.
500,000 charging stations therefore sounds like a low number compared to what would truly be needed if every car with an internal combustion engine were replaced by an electric car.
And where are John and Joe getting all that power from to operate all these charging stations, presumably at 480 volts?
From windmills and solar farms?
As to the Mercedes EQS, the automaker did not release pricing for the EQS, however industry experts expect it to easily top $100,000, which makes that a real stunning number for the middle class dude on the rise to own as a status symbol.
And the Tesla Model S Long Range is a real steal at only $79,990, while the Tesla Model S Plaid can be yours for only $119,990!
And set to arrive on our shores in early 2022, the BMW iX xDrive50 model will start at around $85,000, which is a bargain at twice the price, for you cost-conscious people out there keeping an eye on how you spend a buck, and if you are feeling a bit strapped for cash, the BMW i4 can be had for about $50,000, which is mere chicken feed when you think about it, making that a poor man’s BMW, but a BMW none the less.
And another car for the masses of poor folks in America is the Ford Mustang Mach E Extended Range RWD starting at $42,895, but as low as $35,395 after Federal Tax Credit.
So there we have it, people.
There is what the future is starting to look like as Joe and John carry out their plans to have everybody in America driving an electric vehicle.
http://www.capecharlesmirror.com/news/o ... ent-353967
Paul Plante says:
And while we ponder these 500,000 charging stations Joe Biden is going to install all across America as he and John Kerry electrify America’s highways while doing away with internal combustion engines, consider that at present, the national highway system consists of 160,955 miles of highways, and there are approximately 4,071,000 miles of roads in the United States, 2,678,000 miles paved and 1,394,000 miles unpaved, while the number of registered vehicles in the US in 2020 was 286.9 million, so Joe Biden’s charging stations are going to be few and far between.
As to how far the best electric vehicles can go before needing a recharge, here is what we have to date:
Top 10 longest-range electric cars
Mercedes EQS: 479 miles.
Tesla Model S Long Range: 412 miles.
Tesla Model S Plaid: 390 miles.
BMW iX xDrive50: 373 miles.
Ford Mustang Mach E Extended Range RWD: 370 miles.
BMW i4: 366 miles.
Tesla Model 3 Long Range: 360 miles.
Tesla Model X Long Range Plus: 348 miles.
end quotes
So Joe Biden is going to have to have a charging station for these cars every 300 miles or so, all across America.
500,000 charging stations therefore sounds like a low number compared to what would truly be needed if every car with an internal combustion engine were replaced by an electric car.
And where are John and Joe getting all that power from to operate all these charging stations, presumably at 480 volts?
From windmills and solar farms?
As to the Mercedes EQS, the automaker did not release pricing for the EQS, however industry experts expect it to easily top $100,000, which makes that a real stunning number for the middle class dude on the rise to own as a status symbol.
And the Tesla Model S Long Range is a real steal at only $79,990, while the Tesla Model S Plaid can be yours for only $119,990!
And set to arrive on our shores in early 2022, the BMW iX xDrive50 model will start at around $85,000, which is a bargain at twice the price, for you cost-conscious people out there keeping an eye on how you spend a buck, and if you are feeling a bit strapped for cash, the BMW i4 can be had for about $50,000, which is mere chicken feed when you think about it, making that a poor man’s BMW, but a BMW none the less.
And another car for the masses of poor folks in America is the Ford Mustang Mach E Extended Range RWD starting at $42,895, but as low as $35,395 after Federal Tax Credit.
So there we have it, people.
There is what the future is starting to look like as Joe and John carry out their plans to have everybody in America driving an electric vehicle.
http://www.capecharlesmirror.com/news/o ... ent-353967
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 21, 2021 AT 9:40 PM
Paul Plante says:
Chaos is coming, people!
Yes, it is!
Consider this recent report from the University of Michigan “Surveys of Consumers” by chief economist, Richard Curtin, to wit:
Consumer confidence in early May tumbled due to higher inflation – the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade.
Rising inflation also meant that real income expectations were the weakest in five years.
Policy commitments to establish full employment while allowing inflation to meaningfully rise have never been attempted with the additional micro goals of equity and fairness across population subgroups.
end quotes
Focus on that last sentence in there for a moment, where it states that “policy commitments” to establish full employment while allowing inflation to meaningfully rise have never been attempted with the additional micro goals of equity and fairness across population subgroups.
They are talking there about the federal reserve allowing inflation to “run hot” for years until every LGBQT and person of color has a well-paying job of their choice, as if the miracle workers and divines of the federal reserve could actually make that happen.
And in the meantime, what has inflation brought us?
How about this:
Sales at clothing stores tumbled 5.1%.
There were also decreases in sales at sporting goods, hobby, musical instrument and book stores.
Sales at building material stores slipped 0.4%.
Online retail sales fell 0.6%.
Sales at furniture stores dropped 0.7%.
end quotes
Does anyone out there remember what caused the Great Depression?
And no, people, it wasn’t the stock market crash, as if the stock market could crash all on its own.
What caused to stock market to crash was consumerism.
As is the case today, the economy back then was based on cheap credit, so that people could buy consumer goods that they couldn’t otherwise afford.
And when tariffs caused prices to rise, people stopped buying and the result was massive debts not being paid off and that in turn led to the stock market crash.
And let’s go to a Business Insider article entitled “The White House offers to cut infrastructure plan down to $1.7 trillion” by Juliana Kaplan and Ayelet Sheffey on 21 May 2021, where we have the latest from the CULT OF JOE, as follows:
President Joe Biden has offered to cut down the cost of his infrastructure plan — the so-called American Jobs Plan. — from $2.25 trillion to $1.7 trillion, presenting a counteroffer to Republicans on Friday.
The offer did not address the $1.7 trillion American Families Plan, which is largely focused on care-economy measures, so the initial $4.1 trillion combination of packages would now come to about $3.2 trillion.
White House Press Secretary Jen Psaki said that officials including Transportation Secretary Pete Buttigieg and Commerce Secretary Gina Raimondo offered up the reduced package.
“In our view, this is the art of seeking common ground,” Psaki said.
Psaki said that funding for broadband was reduced to match that of Republicans, and proposed funding for roads, bridges, and major projects was also reduced to be more in line with senators’ proposals.
Investments in research and development, supply chains, manufacturing, and small businesses will be shifted into different legislative pushes.
However, the White House said it will continue to push for funding for critical transportation infrastructure, especially rail.
Psaki also said the White House planned to reiterate the president’s unwillingness to raise taxes on Americans making under $400,000, such as through a gas tax and user fees.
“He believes that the extraordinarily wealthy, that companies — many of whom have not paid taxes in recent years — can afford a modest increase to pay for middle class jobs,” Psaki said.
end quotes
Except inflation is really a tax, people, and it is being levied on Americans making under $400,000, which not surprisingly makes Jen Psaki, the bobble-head with the waving hands who is the mouthpiece for Joe Biden, out to be either uninformed, ignorant or a liar.
As to inflation as a tax, let us go to The Library of Economics and Liberty and the article entitled “Democracy in Deficit: The Political Legacy of Lord Keynes” by James M. Buchanan and Richard E. Wagner, in Part III. What Can Be Done?, Chapter 11 – What about Full Employment?, to wit:
Biting the Bullet
A policy of attempting to reduce unemployment through the stimulation of aggregate demand is shortsighted in a situation that is not structurally abnormal (such as the 1930s).
Unemployment may be reduced temporarily, but the inflation will exacerbate the maladjustments contained within the economy.
There is no costless cure for a maladjusted economy.
Reallocations of capital and labor must take place before the economy’s structure of production will once again reflect the underlying data to which a free economy adapts.
The mistakes that result from people responding to the false signals generated by inflation must be worked out before the economy can return fully to normalcy.
Recession is an inherent part of the recovery process; it is the economic analogue to a hangover for a nation that is drunk from Keynesian stimulation.
To attempt to maintain “full employment” is an act of delusion.
The readjustments can be postponed, though with ever-increasing difficulty, but they cannot be prevented, at least within the context of a free society.
The inflation-unemployment spiral that results from shortsighted efforts at demand stimulation will simply increase the dissonance between people’s aspirations and their realizations.
As a result, democratic institutions become more fragile.
In Britain in the late 1970s, where the policy dilemma has been even more severe than that of the United States, there has been widespread discussion of the prospects of calling in some “leader,” empowered to deal effectively with the issues, reflecting a yearning that emerges when people lose their faith in the ability of ordinary democratic process to produce meaningful patterns of economic and social existence.
The Employment Act of 1946, one of our legacies from Lord Keynes, may come to be regarded as one of the more destructive pieces of legislation in our national history.
This act pledges the government to do something it cannot possibly do, at least so long as our underlying fiscal and monetary institutions are themselves the primary source of instability.
And if fiscal and monetary sources of instability were removed, there should be no need for an Employment Act.
The political system is burdened with claims on which it cannot possibly deliver, at least within the context of a nonregimented society.
The act has an inflationary bias, a bias that, as Joseph Schumpeter noted with remarkable perceptiveness and frightening prescience, can ultimately topple a liberal, democratic civil order.
end quotes
So, will it?
Stay tuned!
http://www.capecharlesmirror.com/news/o ... ent-354886
Paul Plante says:
Chaos is coming, people!
Yes, it is!
Consider this recent report from the University of Michigan “Surveys of Consumers” by chief economist, Richard Curtin, to wit:
Consumer confidence in early May tumbled due to higher inflation – the highest expected year-ahead inflation rate as well as the highest long term inflation rate in the past decade.
Rising inflation also meant that real income expectations were the weakest in five years.
Policy commitments to establish full employment while allowing inflation to meaningfully rise have never been attempted with the additional micro goals of equity and fairness across population subgroups.
end quotes
Focus on that last sentence in there for a moment, where it states that “policy commitments” to establish full employment while allowing inflation to meaningfully rise have never been attempted with the additional micro goals of equity and fairness across population subgroups.
They are talking there about the federal reserve allowing inflation to “run hot” for years until every LGBQT and person of color has a well-paying job of their choice, as if the miracle workers and divines of the federal reserve could actually make that happen.
And in the meantime, what has inflation brought us?
How about this:
Sales at clothing stores tumbled 5.1%.
There were also decreases in sales at sporting goods, hobby, musical instrument and book stores.
Sales at building material stores slipped 0.4%.
Online retail sales fell 0.6%.
Sales at furniture stores dropped 0.7%.
end quotes
Does anyone out there remember what caused the Great Depression?
And no, people, it wasn’t the stock market crash, as if the stock market could crash all on its own.
What caused to stock market to crash was consumerism.
As is the case today, the economy back then was based on cheap credit, so that people could buy consumer goods that they couldn’t otherwise afford.
And when tariffs caused prices to rise, people stopped buying and the result was massive debts not being paid off and that in turn led to the stock market crash.
And let’s go to a Business Insider article entitled “The White House offers to cut infrastructure plan down to $1.7 trillion” by Juliana Kaplan and Ayelet Sheffey on 21 May 2021, where we have the latest from the CULT OF JOE, as follows:
President Joe Biden has offered to cut down the cost of his infrastructure plan — the so-called American Jobs Plan. — from $2.25 trillion to $1.7 trillion, presenting a counteroffer to Republicans on Friday.
The offer did not address the $1.7 trillion American Families Plan, which is largely focused on care-economy measures, so the initial $4.1 trillion combination of packages would now come to about $3.2 trillion.
White House Press Secretary Jen Psaki said that officials including Transportation Secretary Pete Buttigieg and Commerce Secretary Gina Raimondo offered up the reduced package.
“In our view, this is the art of seeking common ground,” Psaki said.
Psaki said that funding for broadband was reduced to match that of Republicans, and proposed funding for roads, bridges, and major projects was also reduced to be more in line with senators’ proposals.
Investments in research and development, supply chains, manufacturing, and small businesses will be shifted into different legislative pushes.
However, the White House said it will continue to push for funding for critical transportation infrastructure, especially rail.
Psaki also said the White House planned to reiterate the president’s unwillingness to raise taxes on Americans making under $400,000, such as through a gas tax and user fees.
“He believes that the extraordinarily wealthy, that companies — many of whom have not paid taxes in recent years — can afford a modest increase to pay for middle class jobs,” Psaki said.
end quotes
Except inflation is really a tax, people, and it is being levied on Americans making under $400,000, which not surprisingly makes Jen Psaki, the bobble-head with the waving hands who is the mouthpiece for Joe Biden, out to be either uninformed, ignorant or a liar.
As to inflation as a tax, let us go to The Library of Economics and Liberty and the article entitled “Democracy in Deficit: The Political Legacy of Lord Keynes” by James M. Buchanan and Richard E. Wagner, in Part III. What Can Be Done?, Chapter 11 – What about Full Employment?, to wit:
Biting the Bullet
A policy of attempting to reduce unemployment through the stimulation of aggregate demand is shortsighted in a situation that is not structurally abnormal (such as the 1930s).
Unemployment may be reduced temporarily, but the inflation will exacerbate the maladjustments contained within the economy.
There is no costless cure for a maladjusted economy.
Reallocations of capital and labor must take place before the economy’s structure of production will once again reflect the underlying data to which a free economy adapts.
The mistakes that result from people responding to the false signals generated by inflation must be worked out before the economy can return fully to normalcy.
Recession is an inherent part of the recovery process; it is the economic analogue to a hangover for a nation that is drunk from Keynesian stimulation.
To attempt to maintain “full employment” is an act of delusion.
The readjustments can be postponed, though with ever-increasing difficulty, but they cannot be prevented, at least within the context of a free society.
The inflation-unemployment spiral that results from shortsighted efforts at demand stimulation will simply increase the dissonance between people’s aspirations and their realizations.
As a result, democratic institutions become more fragile.
In Britain in the late 1970s, where the policy dilemma has been even more severe than that of the United States, there has been widespread discussion of the prospects of calling in some “leader,” empowered to deal effectively with the issues, reflecting a yearning that emerges when people lose their faith in the ability of ordinary democratic process to produce meaningful patterns of economic and social existence.
The Employment Act of 1946, one of our legacies from Lord Keynes, may come to be regarded as one of the more destructive pieces of legislation in our national history.
This act pledges the government to do something it cannot possibly do, at least so long as our underlying fiscal and monetary institutions are themselves the primary source of instability.
And if fiscal and monetary sources of instability were removed, there should be no need for an Employment Act.
The political system is burdened with claims on which it cannot possibly deliver, at least within the context of a nonregimented society.
The act has an inflationary bias, a bias that, as Joseph Schumpeter noted with remarkable perceptiveness and frightening prescience, can ultimately topple a liberal, democratic civil order.
end quotes
So, will it?
Stay tuned!
http://www.capecharlesmirror.com/news/o ... ent-354886
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 22, 2021 AT 9:59 PM
Paul Plante says:
And before we go further forward in here, let us go back for a moment to these few sentences from The Library of Economics and Liberty article entitled “Democracy in Deficit: The Political Legacy of Lord Keynes” by James M. Buchanan and Richard E. Wagner, in Part III. What Can Be Done?, Chapter 11 – What about Full Employment?, to wit:
The Employment Act of 1946, one of our legacies from Lord Keynes, may come to be regarded as one of the more destructive pieces of legislation in our national history.
This act pledges the government to do something it cannot possibly do, at least so long as our underlying fiscal and monetary institutions are themselves the primary source of instability.
The political system is burdened with claims on which it cannot possibly deliver, at least within the context of a nonregimented society.
end quotes
And tighten your focus onto the phrase “cannot possibly deliver, at least within the context of a nonregimented society,” and then ask yourself exactly what a “nonregimented society” is in the context of the United States of America and Joe Biden’s $2.25 trillion American Jobs Plan and the $1.7 trillion American Families Plan, which is largely focused on care-economy measures.
Where the federal reserve in conjunction with the Biden administration is making policy commitments to establish full employment while allowing inflation to meaningfully rise with the additional micro goals of equity and fairness across population subgroups, can that be accomplished in a “nonregimented society?”
And that answer is no.
And that thought takes me back to Nikita Khrushchev and his Speech to 20th Congress of the C.P.S.U. on February 24-25, 1956 on the CULT OF PERSONALITY as follows:
Comrades: The cult of the individual acquired such monstrous size chiefly because Stalin himself, using all conceivable methods, supported the glorification of his own person.
end quotes
Are we seeing the same thing today in the United States of America as THE CULT OF JOE tries to achieve monstrous size chiefly because Joe Biden himself, using all conceivable methods to support the glorification of his own person?
Think about it.
Getting back to Joe Stalin, we have:
This is supported by numerous facts.
One of the most characteristic examples of Stalin’s self-glorification and of his lack of even elementary modesty is the edition of his Short Biography, which was published in 1948 (sic).
This book is an expression of the most dissolute flattery, an example of making a man into a godhead, of transforming him into an infallible sage, “the greatest leader, sublime strategist of all times and nations.”
Finally, no other words could be found with which to lift Stalin up to the heavens.
end quotes
Do we today have before us in the case of Joe Biden another example of making a man into a godhead, of transforming him into an infallible sage, “the greatest leader, sublime strategist of all times and nations?”
I believe Joe Biden would say, “you’re damn right, so come on, man and clap your hands for me!”
Going back to Joe Stalin, once again, we have:
We need not give here examples of the loathesome adulation filling this book.
All we need to add is that they all were approved and edited by Stalin personally.
Some of them were added in his own handwriting to the draft text of the book.
What did Stalin consider essential to write into this book?
Did he want to cool the ardor of the flatterers who were composing his Short Biography?
No!
He marked the very places where he thought that the praise of his services was insufficient.
Here are some examples characterizing Stalin’s activity, added in Stalin’s own hand:
“In this fight against the skeptics and capitulators, the Trotskyites, Zinovievites, Bukharinites and Kamenevites, there was definitely welded together, after Lenin’s death, that leading core of the Party… that upheld the great banner of Lenin, rallied the Party behind Lenin’s behests, and brought the Soviet people onto the broad paths of industrializing the country and collectivizing the rural economy.”
“The leader of this core and the guiding force of the Party and the state was comrade Stalin.”
Thus writes Stalin himself!
Then he adds:
“Although he performed his tasks as leader of the Party and the people with consummate skill, and enjoyed the unreserved support of the entire Soviet people, Stalin never allowed his work to be marred by the slightest hint of vanity, conceit or self-adulation.”
end quotes
And doesn’t that sound very much like what Joe Biden would say about himself today?
http://www.capecharlesmirror.com/news/o ... ica-today/
Paul Plante says:
And before we go further forward in here, let us go back for a moment to these few sentences from The Library of Economics and Liberty article entitled “Democracy in Deficit: The Political Legacy of Lord Keynes” by James M. Buchanan and Richard E. Wagner, in Part III. What Can Be Done?, Chapter 11 – What about Full Employment?, to wit:
The Employment Act of 1946, one of our legacies from Lord Keynes, may come to be regarded as one of the more destructive pieces of legislation in our national history.
This act pledges the government to do something it cannot possibly do, at least so long as our underlying fiscal and monetary institutions are themselves the primary source of instability.
The political system is burdened with claims on which it cannot possibly deliver, at least within the context of a nonregimented society.
end quotes
And tighten your focus onto the phrase “cannot possibly deliver, at least within the context of a nonregimented society,” and then ask yourself exactly what a “nonregimented society” is in the context of the United States of America and Joe Biden’s $2.25 trillion American Jobs Plan and the $1.7 trillion American Families Plan, which is largely focused on care-economy measures.
Where the federal reserve in conjunction with the Biden administration is making policy commitments to establish full employment while allowing inflation to meaningfully rise with the additional micro goals of equity and fairness across population subgroups, can that be accomplished in a “nonregimented society?”
And that answer is no.
And that thought takes me back to Nikita Khrushchev and his Speech to 20th Congress of the C.P.S.U. on February 24-25, 1956 on the CULT OF PERSONALITY as follows:
Comrades: The cult of the individual acquired such monstrous size chiefly because Stalin himself, using all conceivable methods, supported the glorification of his own person.
end quotes
Are we seeing the same thing today in the United States of America as THE CULT OF JOE tries to achieve monstrous size chiefly because Joe Biden himself, using all conceivable methods to support the glorification of his own person?
Think about it.
Getting back to Joe Stalin, we have:
This is supported by numerous facts.
One of the most characteristic examples of Stalin’s self-glorification and of his lack of even elementary modesty is the edition of his Short Biography, which was published in 1948 (sic).
This book is an expression of the most dissolute flattery, an example of making a man into a godhead, of transforming him into an infallible sage, “the greatest leader, sublime strategist of all times and nations.”
Finally, no other words could be found with which to lift Stalin up to the heavens.
end quotes
Do we today have before us in the case of Joe Biden another example of making a man into a godhead, of transforming him into an infallible sage, “the greatest leader, sublime strategist of all times and nations?”
I believe Joe Biden would say, “you’re damn right, so come on, man and clap your hands for me!”
Going back to Joe Stalin, once again, we have:
We need not give here examples of the loathesome adulation filling this book.
All we need to add is that they all were approved and edited by Stalin personally.
Some of them were added in his own handwriting to the draft text of the book.
What did Stalin consider essential to write into this book?
Did he want to cool the ardor of the flatterers who were composing his Short Biography?
No!
He marked the very places where he thought that the praise of his services was insufficient.
Here are some examples characterizing Stalin’s activity, added in Stalin’s own hand:
“In this fight against the skeptics and capitulators, the Trotskyites, Zinovievites, Bukharinites and Kamenevites, there was definitely welded together, after Lenin’s death, that leading core of the Party… that upheld the great banner of Lenin, rallied the Party behind Lenin’s behests, and brought the Soviet people onto the broad paths of industrializing the country and collectivizing the rural economy.”
“The leader of this core and the guiding force of the Party and the state was comrade Stalin.”
Thus writes Stalin himself!
Then he adds:
“Although he performed his tasks as leader of the Party and the people with consummate skill, and enjoyed the unreserved support of the entire Soviet people, Stalin never allowed his work to be marred by the slightest hint of vanity, conceit or self-adulation.”
end quotes
And doesn’t that sound very much like what Joe Biden would say about himself today?
http://www.capecharlesmirror.com/news/o ... ica-today/
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 25, 2021 AT 9:33 PM
Paul Plante says:
Chaos is coming, people!
And insanity.
Check out either Lowe’s or Home Depot for a sheet of 3/4 inch plywood sheathing and you will find it going for $78.
Yes, people, that is correct – $78 for something that was $48 a year ago, which itself was already expensive.
And that is an actual price, regardless of what the morons and idiots in the Biden administration or the federal reserve are saying about inflation, such as Federal Reserve Board Governor Lael Brainard in the Reuters story “Fed’s Brainard says she expects pricing pressures to subside over time” on May 24, 2021, where we have a real good glimpse into the insanity coming, thanks to the monetary policy of the federal reserve, to wit:
The recent inflation spike seen in some areas of the economy should settle down after prices recover from the lows reached at the start of the pandemic and temporary imbalances between supply and demand are addressed, Federal Reserve Board Governor Lael Brainard said on Monday.
end quotes
Now, run that sentence around in your mind for a moment, keeping in mind that right now, if you go to either Lowe’s or Home Depot for one 4’x8′ sheet of 3/4 inch plywood, the price you are going to pay is $78, or almost twice what it was a year ago.
So what “inflation spike” is Federal Reserve Board Governor Lael Brainard talking about, and does she even know?
Like asking George Bush back when how much a quart of milk cost, as if American presidents actually go out to the market like normal people to buy bread or milk, which for a moment takes us back in time to a BBC story entitled “Should politicians know the price of a pint of milk?” by Vanessa Barford published 24 April 2012, as follows:
A Tory MP has described David Cameron and George Osborne as “two posh boys who don’t know the price of milk”.
But why is knowing the price of milk so important?
It’s a classical political ambush that has been popular on both sides of the Atlantic for decades.
Politicians, constantly primed to deal with detailed questions on policy, personnel or principles, are instead asked the price of something.
But it’s not the price of the new fighter jet or flagship hospital – instead it’s a stamp, a loaf of bread or, most of all, a pint of milk.
In 1992, US President George H W Bush, was forced to admit he did not know how much a gallon of milk cost during a debate with Bill Clinton and Ross Perot.
Another American to suffer a similar reality check was Rudy Giuliani, the former mayor of New York City who was rumbled while on the campaign trail in Alabama.
He managed to underestimate the cost by about 50%.
But why should the price of milk be a classic measure of being in touch with reality?
end quotes
My goodness, why indeed?
Why should politicians know how much is costs the masses to eat, or build a house?
What are the msses to them?
More importantly, what are the masses to the federal reserve?
Getting back to Lael Brainard, she prattles on as follows, to wit:
“We’re in the middle of a pretty unprecedented rebound in the U.S. economy,” Brainard said during a virtual discussion organized by CoinDesk.
While some prices may increase further over the next several months, Brainard said she expects these pressures associated with supply bottlenecks and the reopening to “subside over time.”
end quotes
So, is the price of a sheet of plywood going even higher then in which case it will be more of a luxury item than it is now, and already people like myself have stopped buying plywood, because the price is just plain stupid.
I’ll just wait it out, while others will do what others always do and find a cheap substitute.
So then what happens, people?
What happens to all these Lowe’s and Home Depots sitting on stacks of plywood at $78 a sheet?
They take a bath, don’t they?
If price pressures ameliorate as Lael Brainard seems to think they are going to, and plywood comes back down, is that going to be good for the economy?
And that takes us to a CNBC story entitled “Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating” by Jeff Cox published May 4, 2021, where we had from “TOODLES” as follows:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending.
Later in the day, she tempered her comments somewhat on the need for higher rates, saying she respects the Federal Reserve’s independence and was not trying to influence decision-making there.
Yellen has said she is largely not concerned about inflation becoming a problem, though she has added that there are tools to address it should that happen.
end quotes
And my goodness, people, of course “TOODLES” Yellen is not concerned about inflation, largely because she has a net worth in 2021 of $18 million.
And she does not even know we exist!
http://www.capecharlesmirror.com/news/o ... ent-356661
Paul Plante says:
Chaos is coming, people!
And insanity.
Check out either Lowe’s or Home Depot for a sheet of 3/4 inch plywood sheathing and you will find it going for $78.
Yes, people, that is correct – $78 for something that was $48 a year ago, which itself was already expensive.
And that is an actual price, regardless of what the morons and idiots in the Biden administration or the federal reserve are saying about inflation, such as Federal Reserve Board Governor Lael Brainard in the Reuters story “Fed’s Brainard says she expects pricing pressures to subside over time” on May 24, 2021, where we have a real good glimpse into the insanity coming, thanks to the monetary policy of the federal reserve, to wit:
The recent inflation spike seen in some areas of the economy should settle down after prices recover from the lows reached at the start of the pandemic and temporary imbalances between supply and demand are addressed, Federal Reserve Board Governor Lael Brainard said on Monday.
end quotes
Now, run that sentence around in your mind for a moment, keeping in mind that right now, if you go to either Lowe’s or Home Depot for one 4’x8′ sheet of 3/4 inch plywood, the price you are going to pay is $78, or almost twice what it was a year ago.
So what “inflation spike” is Federal Reserve Board Governor Lael Brainard talking about, and does she even know?
Like asking George Bush back when how much a quart of milk cost, as if American presidents actually go out to the market like normal people to buy bread or milk, which for a moment takes us back in time to a BBC story entitled “Should politicians know the price of a pint of milk?” by Vanessa Barford published 24 April 2012, as follows:
A Tory MP has described David Cameron and George Osborne as “two posh boys who don’t know the price of milk”.
But why is knowing the price of milk so important?
It’s a classical political ambush that has been popular on both sides of the Atlantic for decades.
Politicians, constantly primed to deal with detailed questions on policy, personnel or principles, are instead asked the price of something.
But it’s not the price of the new fighter jet or flagship hospital – instead it’s a stamp, a loaf of bread or, most of all, a pint of milk.
In 1992, US President George H W Bush, was forced to admit he did not know how much a gallon of milk cost during a debate with Bill Clinton and Ross Perot.
Another American to suffer a similar reality check was Rudy Giuliani, the former mayor of New York City who was rumbled while on the campaign trail in Alabama.
He managed to underestimate the cost by about 50%.
But why should the price of milk be a classic measure of being in touch with reality?
end quotes
My goodness, why indeed?
Why should politicians know how much is costs the masses to eat, or build a house?
What are the msses to them?
More importantly, what are the masses to the federal reserve?
Getting back to Lael Brainard, she prattles on as follows, to wit:
“We’re in the middle of a pretty unprecedented rebound in the U.S. economy,” Brainard said during a virtual discussion organized by CoinDesk.
While some prices may increase further over the next several months, Brainard said she expects these pressures associated with supply bottlenecks and the reopening to “subside over time.”
end quotes
So, is the price of a sheet of plywood going even higher then in which case it will be more of a luxury item than it is now, and already people like myself have stopped buying plywood, because the price is just plain stupid.
I’ll just wait it out, while others will do what others always do and find a cheap substitute.
So then what happens, people?
What happens to all these Lowe’s and Home Depots sitting on stacks of plywood at $78 a sheet?
They take a bath, don’t they?
If price pressures ameliorate as Lael Brainard seems to think they are going to, and plywood comes back down, is that going to be good for the economy?
And that takes us to a CNBC story entitled “Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating” by Jeff Cox published May 4, 2021, where we had from “TOODLES” as follows:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending.
Later in the day, she tempered her comments somewhat on the need for higher rates, saying she respects the Federal Reserve’s independence and was not trying to influence decision-making there.
Yellen has said she is largely not concerned about inflation becoming a problem, though she has added that there are tools to address it should that happen.
end quotes
And my goodness, people, of course “TOODLES” Yellen is not concerned about inflation, largely because she has a net worth in 2021 of $18 million.
And she does not even know we exist!
http://www.capecharlesmirror.com/news/o ... ent-356661
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 25, 2021 AT 10:05 PM
Paul Plante says:
As to Lael Brainard of the federal reserve, her net worth is $20 million, so she is not all that concerned with paying overmuch for a loaf of bread or a sheet of plywood, and like “TOODLES” Yellen in her gated community with security guards to keep out the commoners and just plain riff-raff, Lael Brainard of the federal reserve also does not know we exist, or care, for that matter.
And in the meantime, let us go to a Reuters article entitled “Fed’s balance sheet could reach $9 trillion by end of 2022, NY Fed report projects” by Jonnelle Marte on May 24, 2021, where we have, to wit:
The Federal Reserve’s ongoing asset purchases could lead the central bank’s portfolio to grow to $9.0 trillion by the end of 2022, according to projections released by the New York Fed on Monday.
end quotes
Now, when we hear about the federal reserve’s “balance sheet,” what exactly does that mean to us that it is going up to $9 TRILLION?
Should we even care, because most people, starting with the majority of hack politicians in Washington along with Joe Biden and Janet “TOODLES” Yellen say don’t worry about it, one day, we’ll get our house in order, but that day is not today, and besides, deficits don’t matter, which is pure bull****, since it is we, the supposed American people who are on the hook for that debt, which is a form of “tax farming,” as the federal reserve feeds the money it makes off the bonds it holds back into the treasury, which takes us back to that story as follows:
The Fed’s balance sheet ballooned last year after the U.S. central bank acted aggressively to support the economy and credit markets by lowering interest rates to near zero levels, launching a suite of emergency lending programs and increasing its monthly asset purchases.
The central bank’s portfolio stood at just under $8 trillion as of last week, the most recent data available, up from about $4.1 trillion at the start of 2020.
end quotes
And we are still in a recession, but at the same time, the portfolios of important people like Lael Brainard and “TOODLES” Yellen have been protected, and really, people, isn’t that the way it really should be?
http://www.capecharlesmirror.com/news/o ... ent-356661
Paul Plante says:
As to Lael Brainard of the federal reserve, her net worth is $20 million, so she is not all that concerned with paying overmuch for a loaf of bread or a sheet of plywood, and like “TOODLES” Yellen in her gated community with security guards to keep out the commoners and just plain riff-raff, Lael Brainard of the federal reserve also does not know we exist, or care, for that matter.
And in the meantime, let us go to a Reuters article entitled “Fed’s balance sheet could reach $9 trillion by end of 2022, NY Fed report projects” by Jonnelle Marte on May 24, 2021, where we have, to wit:
The Federal Reserve’s ongoing asset purchases could lead the central bank’s portfolio to grow to $9.0 trillion by the end of 2022, according to projections released by the New York Fed on Monday.
end quotes
Now, when we hear about the federal reserve’s “balance sheet,” what exactly does that mean to us that it is going up to $9 TRILLION?
Should we even care, because most people, starting with the majority of hack politicians in Washington along with Joe Biden and Janet “TOODLES” Yellen say don’t worry about it, one day, we’ll get our house in order, but that day is not today, and besides, deficits don’t matter, which is pure bull****, since it is we, the supposed American people who are on the hook for that debt, which is a form of “tax farming,” as the federal reserve feeds the money it makes off the bonds it holds back into the treasury, which takes us back to that story as follows:
The Fed’s balance sheet ballooned last year after the U.S. central bank acted aggressively to support the economy and credit markets by lowering interest rates to near zero levels, launching a suite of emergency lending programs and increasing its monthly asset purchases.
The central bank’s portfolio stood at just under $8 trillion as of last week, the most recent data available, up from about $4.1 trillion at the start of 2020.
end quotes
And we are still in a recession, but at the same time, the portfolios of important people like Lael Brainard and “TOODLES” Yellen have been protected, and really, people, isn’t that the way it really should be?
http://www.capecharlesmirror.com/news/o ... ent-356661
Re: ON INCIPIENT BIDENISM IN AMERICA TODAY
THE CAPE CHARLES MIRROR MAY 26, 2021 AT 8:58 PM
Paul Plante says:
And here, for some essential background, let us go to a New York Times story entitled “Defying Critics, Biden and the Fed Insist the Economic Recovery Is on Track – Confidence from the White House runs counter to warnings from Republicans, some investors and even a few liberal economists” by Jim Tankersley and Jeanna Smialek on May 22, 2021, where we have as follows to consider about the BIDEN MIRACLE ECONOMY that the CULT OF JOE is bringing us, single-handedly, to wit:
WASHINGTON — McDonald’s, Chipotle and Amazon are all raising pay as companies try to fill jobs faster than they can find workers.
Airplane tickets and hotel rooms are becoming more expensive as demand rebounds thanks to newly widespread vaccinations.
Supply shortages are making it tougher to buy a house or a new car.
Republicans look at the economy and see a political liability for the Biden administration.
Inflation is taking off, they warn, and worker shortages are threatening the viability of long-suffering small businesses.
President Biden and his advisers assess the same set of conditions and reach a vastly different conclusion.
end quotes
And of course the CULT OF JOE has to reach a vastly different conclusion, because the CULT OF JOE cannot even picture imperfection in Joe Biden, let alone accept that it is so, which takes us back to the NYT, to wit:
The dislocations that are causing prices to rise quickly are likely to be temporary, they say.
end quotes
So what are they really saying there, people, given that right now, the actual price of a sheet of 3/4″ plywood is $78 at either Home Depot or Lowe’s, which is just plain stupid?
Are they saying prices will continue to rise, but slower?
Or are prices going to fall?
And they don’t know what they are saying, in actuality, just pitching bull**** at us in the belief that we are all as stupid as they and won’t know the difference, which takes us back to that story, as follows:
Four months into Mr. Biden’s term, Republicans say his economic agenda is already failing the country.
The president’s team says the state of the economy shows how he can deliver for workers.
“It is good policy and good for everyone to increase those wages a little,” Anita Dunn, a senior adviser to Mr. Biden, said in an interview.
“You see some very large employers already starting to do that, and that’s good for the country.”
“And that is certainly in line with what President Biden believes, which is that working Americans, middle-class Americans who haven’t been the beneficiaries of trickle-down economics for the last 40 years, deserve a raise.”
end quotes
Which thought takes us back in time to Joe’s former boss Hussein Obama, himself a financial and economical guru par excellence, and his Weekly Address of Feb. 22 2014, entitled “Weekly Address: Time to Lift the Minimum Wage and Give America a Raise,” where we had from Hussein as follows:
Remarks of President Barack Obama
Weekly Address
The White House
February 22, 2014
Hi, everybody.
Restoring the idea of opportunity for all requires a year of action from all of us.
In my State of the Union Address, for example, I asked more business leaders to take action to raise their employees’ wages.
So it’s good news that, earlier this week, one of America’s largest retailers, The Gap, decided to raise wages for its employees beginning this year.
Their decision will benefit about 65,000 workers in the U.S.
That means more families will be able to raise their kids, finish their studies, or keep up on their bills with a little less financial stress and strain.
Gap’s CEO explained their decision simply – he said, “It’s right for our brands, good for our people, and beneficial to our customers.”
And he’s right – raising Americans’ wages isn’t just a good deed; it’s good business and good for our economy.
It helps reduce turnover, it boosts productivity, and it gives folks some more money to spend at local businesses.
end quotes
And as soon as I heard that spew of very ignorant horse**** from Hussein, who was clueless as to what he was blathering about, I started watching financial articles about The Gap to see how it would fare from following the financial advice of a ******* idiot like Barack Obama, where we had as follows from Marketwatch on Apr. 7, 2016, as follows:
Gap Inc. said Thursday that its sales fell in March and that high inventory levels will pressure profits in the first quarter.
Shares of Gap, down 35% over the past year, fell 9% to $25.20 in after-hours trading.
“While March proved challenging, we remain focused on taking the necessary steps to improve results,” said Sabrina Simmons, Gap’s chief financial officer.
Gap said its margins in the first quarter will be under pressure because the retailer entered April with more inventory than planned.
Retailers, when faced with high amounts of inventory, frequently will discount prices, a move that can hurt profits.
For the five weeks ended April 2, Gap’s total sales fell to $1.43 billion from $1.53 billion a year ago.
On a comparable basis, a key metric to assess retailers’ performance, Gap’s same-store sales declined 6% in March; in the year-ago period, sales rose 2%.
At its different brands, the largest decline came from Banana Republic, which reported a 14% drop in same-store sales, compared with a 3% fall a year earlier.
Old Navy, which has been a key sales driver, reported a 6% decrease in same-store sales, compared with a 14% increase a year ago.
Same-store sales at Gap’s namesake stores fell 3%, narrower than a 7% drop in the year-ago period.
end quotes
And what were they expecting – that people would rush to buy their already overpriced **** because they raised the price to make it even more attractive?
So much for Obama’s stupid talk, which stupid talk the CULT OF JOE not surprisingly has adopted as its own, as Stalin adopted the words of Lenin, that raising Americans’ wages isn’t just a good deed; it’s good business and good for our economy because it helps reduce turnover, it boosts productivity, and it gives folks some more money to spend at local businesses.
http://www.capecharlesmirror.com/news/o ... ent-357185
Paul Plante says:
And here, for some essential background, let us go to a New York Times story entitled “Defying Critics, Biden and the Fed Insist the Economic Recovery Is on Track – Confidence from the White House runs counter to warnings from Republicans, some investors and even a few liberal economists” by Jim Tankersley and Jeanna Smialek on May 22, 2021, where we have as follows to consider about the BIDEN MIRACLE ECONOMY that the CULT OF JOE is bringing us, single-handedly, to wit:
WASHINGTON — McDonald’s, Chipotle and Amazon are all raising pay as companies try to fill jobs faster than they can find workers.
Airplane tickets and hotel rooms are becoming more expensive as demand rebounds thanks to newly widespread vaccinations.
Supply shortages are making it tougher to buy a house or a new car.
Republicans look at the economy and see a political liability for the Biden administration.
Inflation is taking off, they warn, and worker shortages are threatening the viability of long-suffering small businesses.
President Biden and his advisers assess the same set of conditions and reach a vastly different conclusion.
end quotes
And of course the CULT OF JOE has to reach a vastly different conclusion, because the CULT OF JOE cannot even picture imperfection in Joe Biden, let alone accept that it is so, which takes us back to the NYT, to wit:
The dislocations that are causing prices to rise quickly are likely to be temporary, they say.
end quotes
So what are they really saying there, people, given that right now, the actual price of a sheet of 3/4″ plywood is $78 at either Home Depot or Lowe’s, which is just plain stupid?
Are they saying prices will continue to rise, but slower?
Or are prices going to fall?
And they don’t know what they are saying, in actuality, just pitching bull**** at us in the belief that we are all as stupid as they and won’t know the difference, which takes us back to that story, as follows:
Four months into Mr. Biden’s term, Republicans say his economic agenda is already failing the country.
The president’s team says the state of the economy shows how he can deliver for workers.
“It is good policy and good for everyone to increase those wages a little,” Anita Dunn, a senior adviser to Mr. Biden, said in an interview.
“You see some very large employers already starting to do that, and that’s good for the country.”
“And that is certainly in line with what President Biden believes, which is that working Americans, middle-class Americans who haven’t been the beneficiaries of trickle-down economics for the last 40 years, deserve a raise.”
end quotes
Which thought takes us back in time to Joe’s former boss Hussein Obama, himself a financial and economical guru par excellence, and his Weekly Address of Feb. 22 2014, entitled “Weekly Address: Time to Lift the Minimum Wage and Give America a Raise,” where we had from Hussein as follows:
Remarks of President Barack Obama
Weekly Address
The White House
February 22, 2014
Hi, everybody.
Restoring the idea of opportunity for all requires a year of action from all of us.
In my State of the Union Address, for example, I asked more business leaders to take action to raise their employees’ wages.
So it’s good news that, earlier this week, one of America’s largest retailers, The Gap, decided to raise wages for its employees beginning this year.
Their decision will benefit about 65,000 workers in the U.S.
That means more families will be able to raise their kids, finish their studies, or keep up on their bills with a little less financial stress and strain.
Gap’s CEO explained their decision simply – he said, “It’s right for our brands, good for our people, and beneficial to our customers.”
And he’s right – raising Americans’ wages isn’t just a good deed; it’s good business and good for our economy.
It helps reduce turnover, it boosts productivity, and it gives folks some more money to spend at local businesses.
end quotes
And as soon as I heard that spew of very ignorant horse**** from Hussein, who was clueless as to what he was blathering about, I started watching financial articles about The Gap to see how it would fare from following the financial advice of a ******* idiot like Barack Obama, where we had as follows from Marketwatch on Apr. 7, 2016, as follows:
Gap Inc. said Thursday that its sales fell in March and that high inventory levels will pressure profits in the first quarter.
Shares of Gap, down 35% over the past year, fell 9% to $25.20 in after-hours trading.
“While March proved challenging, we remain focused on taking the necessary steps to improve results,” said Sabrina Simmons, Gap’s chief financial officer.
Gap said its margins in the first quarter will be under pressure because the retailer entered April with more inventory than planned.
Retailers, when faced with high amounts of inventory, frequently will discount prices, a move that can hurt profits.
For the five weeks ended April 2, Gap’s total sales fell to $1.43 billion from $1.53 billion a year ago.
On a comparable basis, a key metric to assess retailers’ performance, Gap’s same-store sales declined 6% in March; in the year-ago period, sales rose 2%.
At its different brands, the largest decline came from Banana Republic, which reported a 14% drop in same-store sales, compared with a 3% fall a year earlier.
Old Navy, which has been a key sales driver, reported a 6% decrease in same-store sales, compared with a 14% increase a year ago.
Same-store sales at Gap’s namesake stores fell 3%, narrower than a 7% drop in the year-ago period.
end quotes
And what were they expecting – that people would rush to buy their already overpriced **** because they raised the price to make it even more attractive?
So much for Obama’s stupid talk, which stupid talk the CULT OF JOE not surprisingly has adopted as its own, as Stalin adopted the words of Lenin, that raising Americans’ wages isn’t just a good deed; it’s good business and good for our economy because it helps reduce turnover, it boosts productivity, and it gives folks some more money to spend at local businesses.
http://www.capecharlesmirror.com/news/o ... ent-357185