Lawrence Person's BattleSwarm Blog
The economy is contracting (thanks Biden), attacks and counterattacks in eastern Ukraine, regulation madness, and something from the 1875 crime blotter in 2022. It’s the Friday LinkSwarm!
Note: Today’s LinkSwarm will be a bit shorter than usual because: A.) I’m off Twitter for the time being, so I’m not grabbing links there, and B.) I took the day off from work and I’m just feeling lazy.
• America’s Gross Domestic Product declined 1.5% in Q1. It’s that Biden magic! (Hat tip: Ace of Spades HQ.)
• Sure, the Biden Administration sucks on basic competence when it comes to the American economy, but to balance that, they also suck on regulation.
• The Biden Administration capped off its first full year in office with more than $201 billion in regulatory costs and 131 million hours in new annual paperwork, putting it far ahead of the two immediately preceding administrations’ respective first years by a wide margin.
• Actions related to vehicle emissions and COVID-19 safety measures provided the vast majority of these administrative burdens.
• Additionally, in terms of executive orders issued during the first year of an administration, the 77 put forth by President Biden represent the highest number since the Ford Administration.
• Speaking of bad regulations and bad economic ideas, the Biden Administration has evidently learned nothing from the 2008 subprime meltdown, and the Federal Housing Finance Agency (FHFA) getting ready to loosen mortgage standards for Fannie Mae and Freddie Mac.
• Russia’s invasion of Ukraine continues, and Russian forces seem to be making a slow, grinding advance on the strategic city of Severodonetsk in eastern Ukraine. “Moscow has poured thousands of troops into its assault on Severodonetsk and its sister city of Lysychansk. The twin cities, straddling the Siverskyi Donets river, have been in Russian sights for months. They currently comprise the lone Ukrainian redoubt in the Luhansk oblast.” Taking Lysychansk will require Russians to cross the Donets, previous attempts at which have been disasterous for them.
• Russia has succeeded in taking Lyman, but Ukraine has launched counterattacks against the Russian forces encircling Severodonetsk.
More:
https://www.battleswarmblog.com/?p=51541
