Tag Archives: markets

More Progressive-Democrat Disingenuousity

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Now, with rising oil prices as demand increases as we start to come out from under the Wuhan Virus situation (which we’re doing despite the press’ and the Biden administration’s panic-mongering over the Delta variant), the Biden administration is pushing OPEC to boost their oil production to hold down prices.

The disingenuousness of this administration is breathtaking.

This is the same Progressive-Democrat administration that cut off our own, domestic, oil and gas independence by fighting our domestic production—to the ultimate benefit of Russia and the People’s Republic of China.

This is the same set of Progressive-Democrats that blocked an amendment to their reconciliation spend- and tax-a-thon that would have allowed new energy development—oil and gas drilling—to occur on Federal lands.

This is the same collection of Progressive-Democrats that unblocked Nord Stream 2 and pressured Ukraine to agree to it so Russia could benefit by selling its own natural gas production into Germany and western Europe.

This is the same collection of Progressive-Democrats who actively depress our own oil and gas production in the name of reducing atmospheric CO2 levels—while pushing for, allowing, increased production by others of atmospheric CO2-producing oil and natural gas.

This is the Progressive-Democrats elevating the welfare of foreign nations, including enemy nations, above our own.

Here is the Progressive-Democrats’ campaign slogan: Make Again Last, America. MAL America.

The Left is On the Move

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…especially their political arm, the Progressive-Democratic Party.

President Joe Biden (D) has signed an Executive Order requiring all vehicle sales in the US to be electrically powered. Biden will masquerade his EO as “nonbinding.”

Sure. If he and his cronies in Congress didn’t intend for it to be binding, Biden would use his bully pulpit as President to stump for electrification of our vehicles. Instead, he’s going the cudgel route, covered by his velvet.

If he and his cronies in Congress didn’t intend for the EO to be binding, those cronies wouldn’t be pushing—via reconciliation, yet—their “green” mandates into law. They would, instead, use their own bully pulpits to stump for their “green” ideas. Instead, they’re going their naked cudgel—reconciliation—route to ram through their diktats.

Biden’s EO also is supposedly supported by the likes of General Motors, Ford Motor, and Stellantis (nee Fiat Chrysler). Given the nature of our current Progressive-Democrat-controlled government, the idea that these companies’ support is voluntary is…risible.

This is the Progressive-Democrat-controlled government telling American private companies what they must produce.

This is fascism on the move.

Back Rent

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On the day the moratorium on rent paying, enacted during the Wuhan Virus situation, expired, the aggregated back rent owed as a result of that moratorium amounts to some $15 billion.

There is broad concern for the renters who owe the money, and that’s appropriate as far as it goes. But the concern doesn’t go far enough. What’s lacking is any concern regarding the other side of that coin: to whom all that money is owed.

“To whom” are the landlords, most of whom are mom and pop businesses and individual moms or pops who own a house, or two, that they rent out. Those $15 billion are owed to far fewer landlords than they are owed by renters.

Absent the rent payments, those small-time landlords are unable to pay their own mortgages on the rental properties for which they’re responsible, and in many cases, without that income they’re unable to pay their mortgages on their own homes.

Where’s the concern for them? Where’s the help for them?

The silence deafens.

It’d Be All Right

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The USPS is planning on raising their first class mail rates to 58¢ from the current 55¢ and raising the rates on their other mail classes by 6.8%-8.8%.

This is another example of price-fixing by the Federal government. Maybe the increases are legitimate, maybe they’re not. But we can’t tell because market forces aren’t at work here, only government bureaucrats’ impressions are at work.

It’d be all right if we privatized all of mail delivery. Let a free, competitive market determine prices. Recognize the ubiquitousness of email, texting, Skype, Zoom, etc, etc, etc as competing communications techniques, and let a privatized snail mail system compete in that same free market.

It’s doable; our Constitution only says that

The Congress shall have Power…To establish Post Offices and Post Roads

It doesn’t require Congress actually establish Post Offices, much less have the Federal government run them. The establishment (and operation) are easily done by letting free enterprise do them.

All it takes is the political will to do so.

PRC Regulation of US-Listed PRC Companies

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The Cyberspace Administration of China is moving to extend its regulation of PRC companies to include those listed on American exchanges. That’s all well and good; the US looks to regulate American companies that are listed on foreign exchanges.

However.

All companies domiciled or headquartered in the People’s Republic of China became, formally, arms of the PRC’s intelligence community under that nation’s 2017 intelligence law.

No PRC company should be allowed to list on an American exchange, and those currently listed should be delisted.

Beyond that, no PRC company should be allowed to acquire, or gain a stake of any size in, any American company, nor should any PRC company be allowed to partner in any way with any American company.

The risks to the safety of intellectual property, the technology risks, the national security risks are simply too great.