Energy Prices Propel CPI
Energy prices propel CPI. The Consumer Price Index (CPI) rose at the fastest pace in more than a year, due to a jump in energy prices and rose 0.6 percent in August from July.
US Raw Steel Production Down from Previous Week
In the week ending September 9, 2023, US raw steel production was 1,721,000 net tons at an ACUR of 75.7 percent, down 0.5 percent from the previous week ending September 2, 2023.
US Drill Rigs Running Up from Previous Week
There were 632 drill rigs running in the US last week, up one rig from the previous week, which is down 127 rigs from one year ago. Canadian drillers had 182 drill rigs running, down five rigs from the previous week, down 23 rigs from one year ago.
Business Activity Little Changed in New York State in September
The Federal Reserve Bank of New York released its Empire State Manufacturing Survey results and reports business activity was little changed in New York State, according to firms responding to the September 2023 survey. The headline general business conditions index rose 21 points to 1.9. New orders and shipments increased. Delivery times remained steady, and inventories continued to contract.
Monday 9/11 was the 22nd anniversary of the attacks on the World Trade Center buildings in New York City. You would think the president would attend the memorial services, but he was nowhere to be found.
The atmosphere of Earth is roughly 78% nitrogen, 21% oxygen and 0.97% argon and carbon dioxide (CO2), and about 0.4% other gases and water vapor. Of course, you know that CO2 is responsible for all the plants and trees which grow on the planet. The more CO2, the greener the planet becomes. Consider this when you are thinking about the danger (really non-existent) of CO2 to the planet.
The Marxists are insane with their fear mongering about climate change. It is a big scam on the world, and people are buying into the scam, why that is, I do not know. I did not think humans could be this stupid. But I do know that “climate change” is making many people very wealthy, at your expense.
Historically, for example, when dinosaurs roamed the earth, the CO2 levels were 10 times bigger than what we are experiencing right now,” said Nobel Prize Laureate John Clauser, who has been in the spotlight recently for challenging prevailing climate models.
Mr. Clauser observed that the drive to address human-induced climate change is increasingly shaping political agendas and influencing the strategic direction of entire nations.
“The whole world is doing all of this. A lot of the pressure is actually coming from Europe, all of these various world conferences” he said, speculating much of this push might have its roots in Al Groe’s “An Inconvenient Truth,” which he feels has incorporated inaccurate science.
Mr. Clauser criticized US government efforts to reduce CO2 and methane as a colossal misuse of resources better allocated for humanitarian endeavors. Such initiatives, he argues, should be stopped immediately.”
It boggles the mind to see how the Marxist Democrats rally around Biden, this time in regard to the impeachment inquiry being requested by House Speaker McCarthy, regarding the Biden crime family doings.
They call it a waste of time, there are no facts, but there are plenty of facts: we know Hunter was paying his dad at least 10% of his grifting money, we know Joe did speak with his son about the crime family goings on, we know they created some 20 limited liability corporations to hide the money. The companies didn’t make a product nor did they sell any product. All of the LLC’s were created to hide the money coming into the Biden family.
They were pretty shrewd at doing this and that is revealed by the fact that there is no known evidence that any monies were paid to Joe Biden, and that will stop any impeachment proceeding in its tracks, unless Congress has facts we are as yet unaware of. I hope they have the smoking gun. This level of corruption is not to be permitted by our elected officials. If the Biden crime family gets away with this, you will know that our justice system has been totally corrupted.
We know that at least $20 million flowed into to 9 different members of the Biden family, we know Joe was on at least 20 phone calls with business partners of his son. What is missing is direct information that the “big guy” received cash. That has to be proven beyond a reasonable doubt or the House cannot proceed to impeach this crook.
All the time and money they wasted persecuting Donald Trump, who has been vindicated on each charge, here, there is an overwhelming amount of evidence against the president. All the Marxist Democrats do is deny, deflect, deny, deflect.
Mr. Biden is trying to avoid the real story, which is that the Census Bureau says median household income adjusted for inflation, fell last year by $1750. It is down $3670 from 2019.
The reason is that inflation has outpaced the earnings growth from work. Real median earnings for full-time workers last year fell $3620 for men and $2880 for women despite a tight labor market that had companies paying more to attract and keep workers.
Real incomes at every decile were lower and income inequality was greater than in 2019. Americans in the bottom 10% of earners were 6.3% poorer last year than in 2019 while those in the top 5% saw their incomes decline 4.1%. inflation invariably punishes lower-income Americans more than the affluent.
These numbers don’t take into account most transfer payments that Congress enacted as part of its $6 trillion in Covid relief. These include $3200 a year in stimulus payments per adult and $2500 per child; a $3600 per child tax credit whether or not you paid any taxes; larger health insurance, earned income and child-care tax credits; and more generous food stamps.
These provided temporary income boosts in 2020 and 2021, but at the cost of fueling the historic inflation surge that gutted real incomes.
The annual census data tell the real story of bidenomics: A gusher of unprecedented and unnecessary social-welfare spending helped to produce the highest inflation in 40 years that has made Americans poorer.
Excerpts from an editorial in Thursday’s WSJ
Biden’s friend, the Special Counsel, David Weiss, has indicted Hunter Biden on three criminal gun charges. This is the same guy who recently offered Hunter immunity from further prosecution-for any crime and virtually no charges for his tax evasion charges and the gun charge. Of course, it is a deflection from the criminality of the Biden crime family. Hunter is a drug addict; he doesn’t have the balls to shoot anyone anyway. Thinks he is a tough guy, but he is just a drug-addled punk.
Remember the First Amendment to the Constitution?
The White House has asked media outlets to subject House Republicans to greater scrutiny as a result of the impeachment inquiry begun this week. In a memo to media outlets obtained by Epoch Times, White House spokesperson Ian Sams said that “it’s time for the media to ramp up its scrutiny of House Republicans for opening an impeachment inquiry based on lies.” LIES???
Mr. Sams said in a memo that Congressional Republicans have for years tried to “muddy the waters” by making supposedly spurious allegations against president Biden and attracting media coverage that only serves to “generate confusion, put false premises in people’s feeds, and obscure the truth.” REALLY??? See above. As usual, the Marxist democrats accuse Republicans of doing what they have actually do. Just recall what Donald Trump has gone through for the past 8 years. It’s a fucking joke.
“MAKE AMERICA GREAT AGAIN”
“KEEP AMERICA GREAT”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”