Lawrence Person's BattleSwarm Blog
Greetings, and welcome to another Friday LinkSwarm! The Biden Administration has done everything it can to worsen inflation, The Ministry of Truth’s Scary Poppins dissolves into a puddle, a whole lot of school groomer news from all across the country, and the world’s longest D&D game.
• On inflation, Biden’s every move has been wrong.
The Biden administration’s first response to any problem is to pretend that it isn’t a problem. That’s how inflation went from a minor problem to a major one. Unwilling to take the necessary steps to rein in inflation early — pushing the Fed to raise interest rates and slowing down the torrent of money going out the Treasury’s doors — Biden and congressional Democrats at first insisted that inflation wasn’t a real problem: “Transitory,” they called it.
And then when inflation turned out not to be transitory, they thought they could just pin it on the Russians. Jen Psaki sniffed smugly at the “Putin price hike,” as though Americans were too stupid to understand that inflation at home had started long before the Russian invasion of Ukraine. That gambit fizzled, too.
When you don’t have any fresh ideas or real principles — and when your long-term goals are limited by the fact that the president, who was born during the Roosevelt administration, isn’t exactly buying any green bananas — then the easiest thing to do is to throw money at every problem.
Throwing money at things is how you make inflation worse.
Washington had already thrown a lot of money at the economy during the COVID-19 emergency, and, predictably, the emergency spending outlasted the emergency. By the time Biden was elected in 2020, Washington had thrown $2.6 trillion in budgetary resources at COVID and had authorized as much as $4 trillion in subsidized federal lending. That was new money amounting to about a third of GDP sloshing around the economy. Biden’s first priority was pushing out another $1 trillion in a phony infrastructure bill (that has little to do with actual infrastructure) and a $1.9 trillion stimulus bill, even though the Consumer Price Index was already rising steeply, according to the Federal Reserve.
Stimulating an already overstimulated economy is how you make inflation worse.
Our inflation problem is only partly an issue of dovish monetary policy and reckless spending. There are problems in the real-world physical economy, too, those “supply-chain issues” we hear about. The Biden administration has done extraordinarily dumb things to make these worse, too, keeping in place the worst of the Trump administration’s anti-trade policies. That “Made in the USA” talk sounds good on the stump, but the truth is we need a lot that we don’t make at home and aren’t going to — including much of the steel and other vital inputs for the high-value manufacturing we actually do here.
The incredible fact is the Biden administration still had punitive tariffs on Ukrainian steel while it was seeking financial aid for the Ukrainians — it wasn’t until the Chamber of Commerce and conservative critics started making a stink that the administration changed its stance.
• Historically, interest rates are are still too low to fight inflation.
• Speaking of the Biden Administration spreading light and joy throughout America: “Energy Officials Issue ‘Sobering’ Warning About Widespread Summer Blackouts Triggered by Closure of Fossil Fuel Plants.” (Hat tip: Stephen Green at Instapundit.)
• More Biden magic: “Dow Suffers Longest Losing Streak In 99 Years.”
• “Hunter Biden Took In $11 Million Over 5 Years.” I would treat NBC’s number as a floor rather than a ceiling…
• Scary Poppins resigns from the Ministry of Truth because all those vicious right-wing bullies were mean to her about her gross bias and constant lying.
• I know you’ll be shocked, shocked to find Taylor Lorenz attempt to ride to her rescue:
• Democrats vote to create that national gun registry they swore up and down they were never going to create.
• More and more Democrats are leaving the party over their fanatical treatment of abortion as the holiest of sacraments.
I live in a manufacturing city with a very strong union voice speaking into the politics of our community. Yet a fascinating and unmistakable phenomenon has been occurring over the course of the last decade or two. Though the percentage of citizens in our area who post their “Proud Union Home” yard signs has likely increased, the percentage of them identifying as, or supporting, the Democratic Party has dropped precipitously during that same time frame.
For the first time in my city’s history, Republicans swept all municipal offices in the last election. So what is happening, and is it a microcosm of some larger trend?
I can’t offer any scientific study or analysis; I can only tell you what I have been told. Though former President Trump attempted overtures towards the “made in America” union mentality, that isn’t the most often cited rationale among Democrat dropouts. Instead, their disillusionment seems to stem from the prevailing belief that the party has been hijacked by single-issue ideologues that are willing to destroy party cohesion and solidarity if it means advancing their singular cause. More and more of these ex-party members now consider the Democrats the “Abortion First” party.
Again, that may be just the frustrated sentiments of disgruntled Dems in rural Indiana who feel as though the once big tent that embraced them has become far more rigid and dogmatic in who they welcome under the awning. Gone seem to be the days of the party’s Rust Belt/Union Grit identity, replaced today with a coalition that obsesses over white guilt, pronoun pandering, and legal feticide.
• “Tucson high school counselor accused of sexual misconduct with a 15-year-old student…police officials in the Southern Arizona city said Zobella Brazil Vinik turned herself in to detectives on May 11.”
• I know you’ll be shocked to find out that Vinik is “a radical queer nonbinary leftist” who put on drag shows.
• Speaking of public school administrators sexually grooming students, Washington state school board director Jenn Mason tried to throw a party for children in her sex shop.
More:
https://www.battleswarmblog.com/?p=51491
