Pay No Attention to the Woman Behind the Curtain

That’s the mantra of Progressive-Democrats, who are enthusiastically supportive of President Joe Biden’s (D) nominee for Comptroller of the Currency, Saule Omarova.

Ms Omarova wants to put an “‘end to banking’ as we know it”—again, her words—and transfer private banking functions to the Federal Reserve, where accounts would “fully replace” private bank deposits. The Fed would control “systemically important prices” for fuel, food, raw materials, metals, natural resources, home prices and wages.

And, she says

the Fed should be remade into what she calls “The People’s Ledger.”

And

She calls for “reimagining” the role of central banks “as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”

But ignore those calls for Soviet finance controls. She’s the lady the Progressive-Democrats want to inflict on us.

Shut up about that flapping curtain; vote her up.

Biden’s Attack on Our Oil and Gas Industry

President Joe Biden’s (D) and his Progressive-Democratic Party syndicate’s hatred of our oil and gas production industry is well known, and he wants to include $6 billion in additional taxes, fees, and fines on those industries in their reconciliation bill.

But those penalties also will explode the cost of a myriad products Americans use, and destroy the availability of too many others—all beyond such petty uses as fuel for our getting to and from work, or heating our homes in winter and cooling them in summer.

Here’s a partial list of those other uses to which our oil and gas production is put. The full list would run to some 6,000 products.

  • asphalt and road oil
  • components for producing chemicals, plastics, and synthetic materials
  • electronics
  • luggage
  • office supplies like ink and pens
  • computer chips
  • paint and paint brushes
  • floor wax
  • safety glasses and regular eye glasses and contacts
  • linoleum
  • caulking
  • roofing
  • curtains
  • electricians tape
  • fertilizer
  • insecticides
  • tires
  • mops
  • rugs and carpets
  • toilet seats
  • pillows (down-filled are much more expensive)
  • upholstery
  • refrigerators
  • dishwasher parts
  • rubbing alcohol
  • aspirin and other medicines
  • heart valves and other medical devices
  • bandages
  • anesthetics
  • surgical masks (never mind their claimed need for Wuhan Virus protection)
  • dentures
  • antiseptics and hand sanitizers
  • antihistamines
  • cortisone
  • artificial limbs
  • clothes
  • hair tinting and dying
  • perfume
  • sunglasses
  • lipstick
  • purses
  • shoes
  • roller skates
  • shampoo
  • deodorant
  • toothpaste and soap
  • balloons
  • tents
  • fishing rods
  • footballs
  • football cleats and helmets
  • golf balls
  • parachutes
  • telephones
  • cameras
  • candles
  • drinking cups

Of course, Progressive-Democrats know all of this. They also know that wind, solar, even nuclear sources will produce none of these.

Invasive IRS

In an exchange between Wyoming Senator Cynthia Lummis (R) and Treasury Secretary Janet Yellen that occurred during Tuesday’s Senate Banking Committee hearing, Lummis decried Yellen’s proposal to have banks report to the IRS the (allegedly aggregated) “inflows” and “outflows” to/from all accounts larger than $600.

Yellen’s response was to describe the already extensive invasion of personal financial data the IRS demands and to pooh pooh the added reporting because it’s only two additional pieces of easily ascertained information onto the 1099-INT form.

And:

the IRS has a wealth of information about individuals if you work at a job where you get labor income

Invasion, isn’t enough, though. Yellen added that Government has a $7 trillion tax gap between what Government will collect in taxes and what folks allegedly will owe over “the next decade.”

…there are a class of partnerships, businesses, high-income individuals who have opaque sources of income that the IRS doesn’t have direct information about, and that’s where the tax gap is, not low-income people.

Yellen then justified the $600 threshold with this—and she actually was serious:

so that individuals can’t game the system and have multiple accounts.

Sure. Because a family with a $400,000 annual income—President Joe Biden’s (D) threshold for being Evil Rich—is going to set up 650+ bank accounts just to hide that. Or a business in a cash-intensive industry—bars, restaurants, construction companies, et al.—are going to incur the added expense of setting up myriads of $600 accounts in order to disguise their finances.

This is the cynicism of the Biden-Harris administration regarding us average Americans.

“Unfair and Absurd”

President Joe Biden (D), through his Press Secretary Jen Psaki (via her daily press conference), said that it’s unfair and absurd that businesses should pass on to their customers the costs represented by higher taxes that Biden and his fellow Progressive-Democrats want to impose on them.

There are some…who argue that, in the past, companies have passed on these [tax] costs to consumers. … We feel that that’s unfair and absurd, and the American people would not stand for that.

Why shouldn’t businesses pass on the costs represented by taxes?

Biden’s claim raises additional questions, too. What other costs does Biden consider unfair and absurd for businesses to pass on to their customers? What is Biden’s limiting principle regarding passing costs on to customers?

Pope Francis, Communion, and Abortion

This is a subject into which I’m going to poke my Protestant nose, which may be a symptom of my own sin of arrogance, but there it is.

Pope Francis insists that communion is a gift to all of us, not a prize for the perfect. He also says,

What must the pastor do? Be a pastor; don’t go condemning. Be a pastor, because he is a pastor also for the excommunicated.

He’s right, too, as far as he goes.

He also emphasizes

Whoever has an abortion kills. It is a human life. This human life must be respected—this principle is so clear.

He’s right here, too.

But while communion is for us sinners, including the excommunicated, for us who truly try to do better, who truly try to repent for our past failures, can it really be for those don’t bother, for those who reject the Church’s teachings outright?

It seems to me that those latter have taken themselves out of the church [sic] altogether. It’s not so much that they should be, or are, denied communion; they’ve made themselves ineligible for it.

And so it is for those who claim to be anti-abortion personally but fine with abortion for others. That strikes me as an especially grievous example of a sin of hypocrisy.

Bishop Michael Olson of the Ft Worth, Tx, Diocese:

He [Pope Francis] wants us to be pastors, and we also want to be pastors. But a pastor is not just a mascot for one’s private point of view.