Tag Archives: political economy

Progressive-Democrats’ Assault on American Energy and Americans’ Health

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In addition to Progressive-Democratic President Joe Biden’s and his Cabinet cronies’ direct assault on our ability to produce our own energy (among the latest attacks is this), Biden and his syndicate are attacking our energy use through attacking us ordinary Americans in our homes.

Here’s a partial list of devices we use to make our lives comfortable, even merely livable, in what used to be our castles—our homes:

  • Gas stoves
  • Ovens
  • Clothes washers
  • Refrigerators
  • Refrigerator freezers
  • Freezers
  • Air conditioners
  • Dishwashers
  • Pool pumps
  • Battery chargers
  • Ceiling fans
  • Dehumidifiers
  • Microwave ovens
  • Portable electric spas
  • Air compressors

Biden’s regulations are intended to price these things out of reach of our middle- and lower-income groups of citizens. Things, mind you, like food preparation and storage tools, hygiene devices, devices for heating and cooling our shelters.

This is the utter contempt Party has for us American citizens.

Federal Government Shutdowns

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I’ve written a few times (the latest here) about the results of Federal government shutdowns. Progressive-Democratic Party politicians always and everywhere are in full-throated panic-mongering about the disaster that is a shutdown. Far too many Republican Party politicians timidly accept the Leftist Party’s claims and seek to do anything, even on bended knee, to avoid a shutdown.

I have a challenge for them, and for all you out there in reader land.

Here are two graphs, the first from Macrotrends showing our GDP growth rate from year to year from 1961 through 2022, and the second from stastica showing GDP levels over the more focused period of 1990-2022.

My challenge is this: find, in either graph, the Federal government shutdowns of 2013, 2018, and 2018-2019.

As an aside, as I write this late Saturday, the House passed a 45-day, keep the government open, funding bill; the Senate then passed the House bill and forwarded the thing to President Joe Biden (D). The bill omitted any spending cuts, steep or otherwise, and dropped any aid for Ukraine.

This, in light of the above, represents a surrender to the Progressive-Democrats forced by the allegedly Republican Chaos Caucus led by Zoo Master Matt Gaetz (R, FL), who have offered nothing beyond “No” to any bill on offer, including the prior Republican-led House stop-gap bill that included significant cuts to spending—which would have given time to work out the remaining appropriations bills with even deeper and broader spending cuts. Gaetz might as well have joined Progressive-Democrat Congressman Jamaal Bowman in deliberately pulling a Congressional office fire alarm in an attempt to stall any House action at all.

Don’t Take that Federal Money

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That’s what Tennessee is considering regarding Federal education funding transfers—$1.8 billion worth, especially since the money comes with mandates and other strings. Breaking the addiction to Federal dollars will sting: Tennessee has collected some $14.85 billion in its own tax revenues through August of this year, which projects to about $22.28 billion for the year; those $1.8 billion represent about 8% of Tennessee’s domestic income.

To see if such a rejection is “feasible,”

Tennessee lawmakers appointed a 10-member panel to determine whether the state can reject $1.8 billion in federal education funding over mandates attached to the money, such as standardized testing.
The group, which consists of five senators and five representatives and includes two Democrats, will “report on the feasibility of the state rejecting federal funds and recommend a strategy to reject certain federal funds or eliminate unwanted restrictions placed on the state due to the receipt of such federal funds if it is feasible to do so[.]”

Tennessee’s House Speaker Cameron Sexton (R, 25th District):

Any time the federal government sends money, there are always strings attached to those dollars, and there is always a possibility that it opens the state up to other regulations or restrictions[.]

The sting would be worth it, though. Any time it’s possible for a State to get its domestic affairs out from under the Federal government’s…thumb…is a good time to do so. I know of no statute, Federal or State, requiring any State to accept Federal transfers. In the event, it’s straightforward for a State to adjust or rescind any State law that applies such a restriction.

Furloughs and Redundancy

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If the government is partially shut down by Progressive-Democratic Party Congressional politician obstructionism, millions of federal employees could face furloughs, some federal offices may close or work shortened hours.

Those furloughs and closures would give us some interesting data on the usefulness/criticality of those furloughees and offices. Here’s what Slate found regarding these items during the Obama “shutdown” some 10 years ago:

Notice a couple of things here regarding Progressive-Democrat President Joe Biden’s threat to stop paying our military members and Party politicians’ threats regarding the VA (right click on the graph and select Open Image in New Tab to get a bigger image). One is the Veterans Affairs level of furloughing: all of 4%. That’s not importantly different from the ordinary absentee rate due to illness, vacation, and so on.

Then look at the Defense line and the Note at the bottom of the graph, the latter which says Department of Defense total includes military personnel. Half of civilian personnel have been furloughed. The civilian furlough rate of 50% is a strong indication of how many of those civilians really are needed in the Pentagon and elsewhere in DoD. The military side of DoD can easily continue being paid out of current tax law-driven revenues flowing in to the government.

Finally, notice the furlough rate at so many of those Federal Agencies. That’s also a very strong indication of how many employees are truly unnecessary. Certainly, short-term furloughs overstate the degree of redundancy, but they give a very good index into how many truly are excess.

Bidenomics

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It’s terrific, or so claims our Progressive-Democratic Party President, Joe Biden. Here are some examples of how well it’s working.

  • He [Mark Zandi, Chief Economist at Moody’s Analytics] estimates that the typical American household would need to use 42 weeks of income to buy a new car, as of August, up from 33 weeks three years ago.
  • New 30-year fixed-rate mortgages today carry rates around 7%, up from 3% two years ago.
  • The typical credit card carried a 20.7% interest rate in May, up from 14.6% in February 2022….

That’s Bidenomics’ inflation, which drives the Fed’s moves on interest rates. That’s also Bidenomics’ inflation, which drives prices higher. That last pushes the need to borrow, whether to buy a home, buy a car (new or used), or via credit card debt to buy daily and monthly necessities.

Sure, Bidenomics is working. And maybe I know of some beachfront property north of Santa Fe….