1ºJennifer Scott Awwwe seems your article left out some pretty important factors, the current administration spending, or the Fact Biden record fuel prices increases prices on Delivery, or the fact that Democrat run States forced lockdowns with no proof of slowing down cases of Covid, but again sounds like another Democrat trying to change the definition what determines a recession which we are right now currently at the starting stages of Recession which is predicted to get worse by the experts, and we know how Biden supporters love using the experts, maybe your lucky and not yet experiencing like the other millions of Americans families are going thru currently, but keep denying, Biden’s negative Impact to the US ECONOMY, explain your position to the 70% who Disapproves Biden’s handling of the Economy and the disapproval of Biden’s handling of the southern Border Crisis while Joe added another record the most Illegal crossing than any other President before him, another’s fantastic accomplishment by a Incompetence Joe Biden!
2ºJennifer Scott deflecting and lack of understanding, sure the United States would have some sort of Inflation, but because of Biden wreck-less policies that made the United States more dependent on other countries is the Reason’s for Biden’s Record Inflation in the United States, so easy to you forget the United States was energy independent before Biden came to Office signing his record Numbers of Executive Orders, let’s not forget the series of order that targeted oil production, but wait wasn’t Biden begging oil counties to Ramp up their oil Production, and let’s not forget to mention the Democrat run states and Cities forcing lockdowns disrupting supplies, but I’m sure you fell for Biden and his Administration Lies blaming everything under the sun for the problems they Created!
3ºThese hikes aren’t to going to fix inflation . We have inflation because the supply chains broke ( under Trump ) and there is a massive labor shortage due to Covid . Period . Inflation will stop when people don’t have the money to buy things . Inflation 8 percent , income growth 6 percent . True inflation 2 percent . Of course the less money you make the more inflation effects you . As always the people who are in greatest need get screwed . For the Biden haters here . They don’t raise rates in a recession . The economy keeps producing jobs and people are still buying . If they can’t buy a house they’ll spend it somewhere else . We are going to have this labor shortage for years . No one can change that . There are twice as many open jobs as available workers . Maybe we should put these migrants to work instead of crying about the border .
4ºLet see Biden's world: America can see the complete failures from: Covid vaccines, Open border crisis 2 MILLION ILLEGALS & DRUGS, massive RECORD inflation caused by reckless spending, high cost of goods, food & RECORD HIGH gas, rampant crime cause by defund the police, Critical Race issues, Supply chain crisis, baby formula shortage, STOCK MARKET CRASH and now the massive “catastrophic” and “shameful,” Afghanistan withdrawal !!! Russian invasion where Biden & his circus blame Putin for their Energy & Inflation failures ! Next a RECESSION ! They are not capable of running this country. Biden Lowest Approval rating in US HISTORY !
5ºI assume they are referring to the global financial crisis that was triggered by the scams of the biggest U.S. banks and quite a few U.S. corporations, all with the same goals and intent of getting fat and wealthy off of their fraudulent home loan practices, to which they were bailed out on the tax payers dime, coincidentally the same tax payers who were being scammed and who in the end had to endure the consequences, of those greedy and corrupt banks and corporations operating in bad faith for decades. Funny how if your wealthy you can commit countless felonies for years on end, collapse multiple economies across the globe and yet still avoid any and all prosecution as well as receive a cushioned bail out complete with golden parachutes to secure multi-billion dollar bonuses for executives that were only made possible by their willful schemes to obtain ill gotten gains.
6ºAnother Biden supporters who can except reality, let’s see Trump lower gas prices check, low Inflation check, the United States was energy Independent check, goods was cheaper check, No new wars check , record low unemployment for women, African Americans, Spanish Americans and Asia Americans check, unemployment lower overall, record low poverty rate numbers Check, low southern boarder crossings check, negotiate a peace accord in the Middle East check move the US EMBASSY TO Jerusalem, something promised by both Democrats and Republican President’s for years check, VA hospitals held accountable, Vets was able to go to civilian hospitals along with VA HOSPITALS CHECK, I could keep going but your head might Explode!
7ºCharles James Jr. and what would they reDUMBLICANS of done to make this all better??? TELL ME? trump was president 3.2 yrs and the rest he spent on the golf course. (307 days GOLFING ) IN his time in office what did he get done? health care NO road construction and bridges NO help for the middle class NO! what he did was give BIG tax breaks to the rich and SCREWED the lower class. so yea what is the EDUMBLICANS plan to fix this? We came off 2 yrs of covid . lock downs , war with russia. this is NOT BIDENS FAULT just the REDUMBLICANS lying again. stop following the PIED PIPER!he blows his trumpet and all the RATS fall in line. LOOK at trump now .
8ºCole Keven You've got it backwards. Making it cheaper for people to borrow money increases demand. If everyone is buying prices go up. If you had a concert ticket to sell and there were thousands who wanted that ticket (high demand), you could probably sell it for as high as you wanted. If no one was interested, no demand, you would have to lower the price just to get rid of it. The FED increases interest rates to lower the demand to borrow money (mortgage, car loans, credit card debt etc) which will result in lower prices because fewer are buying.
9ºRobert Oxler III Know some history…. At the beginning of the Reagan presidency, inflation rate soared to 13.5 percent. During the early years of his presidency, the prime interest rate, which is set by the Federal Reserve, kept rising, reaching 21.5 percent in June 1982.. Not a good time to buy a home. ARM’s were available, but were a big gamble. Recessions over past 70 yrs:
53 R Eisenhower
57 R Eisenhower
60 R Eisenhower
70 R Nixon
73-75 R Nixon/Ford
80 D Carter
82 R Reagan
90-91 R Busch Sr.
2001 R Busch Jr.
2008-09 R Busch Jr.
2020 R trump / Worst since Great Depression
10ºPlease copy and share if you wish.
“The Real Midterm Election Stakes
Will voters put a check on the unrequited ambitions of the Democratic left?
WSJ Editorial Board 9/18/22
If the election polls are right, Democrats have a good chance of adding to their majority in the Senate and even keeping it in the House. Toward that end they are trying to convince voters that abortion and Donald Trump are the main election issues. But the real issue, by far the most important for actual policy, is whether voters will put a legislative check on the political left.
Mr. Trump isn’t even on the ballot this year, and Joe Biden will be President at least through 2024. No national abortion law is likely to pass Congress as long as the 60-vote legislative filibuster rule remains in the Senate. Abortion law could change in many states depending on election results, but probably not in most.
In other words, the Democratic election strategy is a new version of their 2020 campaign bait-and-switch. Joe Biden and Democrats in Congress won by making the election a referendum on Mr. Trump and Covid-19. But once in office they pivoted to advance a far-left labor agenda and enact the biggest expansion of government in modern history. They succeeded on many fronts, and only the opposition of Sens. Joe Manchin and Kyrsten Sinema prevented them from killing the filibuster to do much more.
The Democratic left hasn’t given up on any of this, however, as they are admitting if you pay attention. The media are ignoring this as they echo the abortion and Trump narrative. So it’s worth laying out what Democrats really have in mind, based on what they tried to do this Congress and are promising for the next.
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Start with targeting the filibuster, which is priority one because a 51-vote Senate majority opens the door to everything the current House has passed. Vice President Kamala Harris made that clear in a recent speech to the Democratic National Committee.
“With just two more seats in the Senate, we can codify Roe v. Wade, we can put the protections of Roe in law,” Ms. Harris said. “With two more seats in the United States Senate we can pass the Freedom to Vote Act and the John Lewis Voting Rights Act. Two more seats.”
Democratic Senate candidates in Wisconsin (Mandela Barnes), Pennsylvania (John Fetterman) and Ohio (Tim Ryan) say they’d vote to kill the filibuster. They also favor adding Washington, D.C., as a new state. “50/50 is not enough. We must expand our Democratic Senate majority to abolish the filibuster once and for all. And our campaign is the best chance to do it,” Mr. Ryan tweeted in January. And he claims to be a moderate.
Arizona Sen. Mark Kelly and New Hampshire Sen. Maggie Hassan have supported a filibuster carve-out for voting legislation. The H.R.1 voting bill creates a federal right to mail ballots and overrides state laws banning ballot harvesting. It requires same-day voter registration and up to 15 days of early voting.
House Democrats also passed H.R.4 that would require the Justice Department or D.C. district court to approve election-law changes in states and localities with a putative history of voting-rights violations. The Attorney General would have broad discretion, and you can bet GOP states will be the main targets as they were under Eric Holder before the Supreme Court voided pre-clearance in Shelby County v. Holder (2013).
Once the legislative filibuster goes for one issue, the political pressure will be enormous to kill it for much more. The Pro Act will surely make a comeback. That bill would override state right-to-work laws that give workers the choice of joining a union; impose a backdoor card-check procedure that neuters secret-ballot election; impose the Obama-era joint-employer standard that put corporations and contractors on the hook for workers they don’t employ but “indirectly” control, and much more.
Democrats also want to pass a CO2 emissions “enforcement mechanism” that failed this year because it violated Senate budget reconciliation rules. Ditto a provision originally in the Inflation Reduction Act that gave the Environmental Protection Agency sweeping power to regulate CO2 emissions under the Clean Air Act.
Build Back Better entitlements including free universal pre-K, child-care subsidies, an expanded refundable child tax credit, paid family leave and Medicare dental and hearing benefits will re-emerge from the grave. Many Democrats are hankering to lower the Medicare age to 60 from 65, and Mr. Ryan co-sponsored legislation in the House.
Major tax increases will also be back in play. Ways and Means Chairman Richard Neal recently told a Bloomberg reporter that Democrats will raise individual and corporate tax rates if they keep power. Treasury Secretary Janet Yellen said in a recent speech that the Administration’s goal is to return “tax rates for high earners and corporations to historical norms.”
How high is “historical”? Mr. Neal’s original proposal in 2021 raised the corporate rate to 26.5%, and the individual rate to 39.6% from 37% at $400,000 in income and 42.6% above $5 million, and imposed a tax on capital gains at death. With two more Senators, expect those rates to go much higher.
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There’s much more we could include here, but you get the idea. If Democrats add seats in the Senate and hold the House, there won’t be much of a check on progressive ambitions. If they accomplish this with inflation at 8%, they will be even more emboldened. That is what’s really on the ballot in November.”