Stampede...

 

President Joe Biden may suffer the same fate of a ruined presidency that befell Carter. Biden has been touting wage gains for workers of 4%. During normal times, that would be a very solid number. Except, over the past year, inflation has been running at 6.2%, which means that the public’s purchasing power is relentlessly shrinking even with 4% wage increases.

Biden policies have detonated this inflation bomb. Biden signed a $1.9 trillion stimulus spending plan, which was completely unnecessary because we already had nearly $1 trillion of unspent COVID-19 relief funds in the pipeline. 

Then Biden declared war on American oil, gas and coal. As a result, domestic oil production has fallen by roughly 2 million barrels a day from when Donald Trump was president. So, at $83 a barrel, this means we are losing about $165 million per day from the pockets of hard working Americans.

Biden has canceled the Keystone XL pipeline and now wants to shut down a major Midwestern pipeline that is already operative.   Biden reversed a Trump administration directive to allow drilling in oil-rich Alaska a few weeks ago.

 The most urgent step to stop the stampede of higher prices is to kill his $3.5 trillion social welfare spending bill, which will worsen inflation. Yet the Godzilla bill “will cost nothing it’s free.”

Biden’s false claims, he continues to assure the public that he won’t raise taxes on those who make less than $400,000. But, Mr. President, inflation is a tax. You’re paying this Biden tax every time you fill up your gas tank or buy food.

Jimmy...

 

Mirror...

 

The economy under Jimmy Carter experienced inflation and unemployment that were both in the double digits as the result of an oil price shock that began when Iranian oil workers went on strike.

When Jimmy Carter took office in 1977, the US economy was still recovering from the severe 1973-75 recession. However, it was doing so at a fast pace. The period of 1977-78 saw the creation of a million net new jobs and real median household income growth by 5%.

The 1970s were bookended by oil shocks that brought soaring prices for gasoline. Meat prices also spiked. On the popular sitcom All In The Family, Archie Bunker was reduced to eating meatless spaghetti.

Ultimately, it took a crackdown by cigar-chomping Fed chairman Paul Volcker to break the cycle of rising prices and wages. Volcker slammed the brakes on the economy by raising interest rates to 20% , tough medicine to prove he was serious about getting inflation under control.

"At some point this dam is going to break and the psychology is going to change," Volcker told.

Is that coming again with this Democratic President?   Just a thought.

Winners and...

 

Ask...

 

The chief executive of U.S. oil company Occidental Petroleum said that it would have been preferable if the Biden administration had asked shale producers closer to home to increase production and crude supplies, rather than the OPEC alliance that's led by Saudi Arabia.

Asked whether President Joe Biden and his team were getting it wrong by asking OPEC to pump more when there are shale oil producers at home, CEO Vicki Hollub said that "if I were gonna make a call, it wouldn't be long distance, it would be a local call."

"I think first you, you stay home, you ask your friends, and you ask your neighbors to do it. And then if we can't do it, you call some other countries," she said.

Hollub's comments come after a period of dramatic energy price rises in recent months that led to the White House calling on OPEC and its oil-producing allies, a group known as OPEC+, to boost production in an effort to combat climbing gasoline prices.

Oil and Gas prices doubled since Biden took office for obvious reasons. 
"Ask and you shall receive". Just a thought.

 Federal investigators descended on two state-run veterans homes as part of the U.S. government's investigation into deficiencies in care at the nursing homes that had one of the highest COVID death tolls in the nation, a New Jersey official confirmed late.

Sources at both homes say investigators from the U.S. Department of Justice interviewed residents and staff at the beginning of the week at the Menlo Park veterans home and at its sister facility in Paramus. 

Leland Moore, a spokesman for the Attorney General's office, confirmed that the federal team was on-site at both homes. 

“The DOJ visited the Menlo Park and Paramus veterans homes." Moore wrote in an email. "This visit is part of the normal course of events given their inquiry, and we are doing everything we can to ensure they have the information they need.”

The Justice Dept. is investigating Some Democratic States regarding Nursing Home resident services etc. What's up with that?
Just a thought.

Numbers ..

 

Bill Gates, the Microsoft founder, said at a conference in Singapore  that he believes the number of cases and those dying from COVID-19 will be dropping "pretty dramatically" as more people get vaccinated and new treatments become available.

The billionaire was interviewed during the Bloomberg New Economy Forum and said both death and infections could reach seasonal flu levels by the middle of 2022, unless there’s a new variant, according to Bloomberg. 

Gates pointed to several reasons why he thinks the number of transmissions and deaths will drop. He said more and more people will develop natural immunity, there will be more vaccine distribution and new antiviral pills will become available. 

That is a great. Just a "Hopeful" thought.

Warp...

 

Before the Covid-19 pandemic, Big Pharma had been easing out of the vaccine business for decades. By 2019, the major vaccine makers supplying America had dwindled to a handful of large companies—Merck, Sanofi, Pfizer, and Johnson & Johnson. Because vaccines are only used once or twice as opposed to daily medicines, they are not profitable. 

The White House needed a whopping amount of money to coax companies to research and test and then produce hundreds of millions of doses. Ultimately, Operation Warp Speed (OWS) the U.S. government’s Covid-19 relief program would dole out $22 billion to Big Pharma.

The amounts of money were the kinds of sums normally seen in the smaller defense budget line items, but were massive for a public health project, $2.5 billion to Moderna, $1.2 billion to AstraZeneca, half a billion dollars to Johnson & Johnson, and $1.6 billion to a small company called Novavax. 

 The price per double shot about forty dollars is comparable to the price per shot of the flu vaccine.  The government had ordered three hundred million doses from Moderna.

So a cost of few billion dollars, saves trillions. Is Alzheimer's next?

Japanese...

 

International comparison of recent mortality statistics among G7 countries, Japan had the longest average life expectancy, primarily due to remarkably low mortality rates from ischemic heart disease and cancer (particularly breast and prostate), observes Shoichiro Tsugane of the Center for Public Health Sciences, Tokyo.

In the report that appeared in the European Journal of Clinical Nutrition and Nature.com, researchers said that Japanese life expectancy has only increased over the years. 

The low mortality rates from ischemic heart disease and cancer are thought to reflect the low prevalence of obesity in Japan; low intake of red meat, specifically saturated fatty acids; and high intakes of fish, specifically n-3 polyunsaturated fatty acids, plant foods such as soybeans, and non-sugar-sweetened beverages such as green tea. 

Stimulus...