Biden's America Last Program

[GURPS]

The Stock Market Officially Collapses Into Bear Market Territory​

At time of writing, the index had, at its lowest point, fallen more than 2.7% during the day to around 29,300 points, with the Nasdaq and S&P 500 down by 2.7% and 2.64% respectively at time of writing. With the Dow Jones officially falling more than 20% from its recent peak in June, stocks will have entered a slump known by investors as a “bear market” if the losses hold when trading ends Friday, according to CNBC.

The Nasdaq was down by 30.92% this year, with the S&P 500 down 22.98% this year, as of close of business yesterday, according to data from MarketWatch.

“Stocks were overvalued because their nominal price has been fueled by the inflation of the Federal Reserve,” Heritage Foundation economist E.J. Antoni told the Daily Caller News Foundation. “As soon as the Fed took away the punch bowl… what happened? Stocks immediately took a nosedive and are continuing to do so, because the only thing that has been fueling this economic recovery hasn’t been real growth, but again, money creation.”

 

[GURPS]

Sen. Chuck Schumer wants $290M to help fight deadly ‘rainbow fentanyl’​

The $290 million in funds would be used to sustain 61 Overdose Response Strategy teams that would help try to curb fentanyl, including the new “rainbow” kind, the New York Democrat said at a press conference.

“This is fentanyl, this is a Sweetart — you tell me the difference,” Schumer said while holding up pictures of both the deadly pills and the tangy sweets. “Halloween is coming up… this is really worrisome and really dangerous.”

Schumer said he would make the push this week as part of a must-pass funding bill to keep the government running.

“Our drug dealers will stop at nothing, and are now giving this evil drug the morbid moniker of ‘Rainbow.’ It’s gross, it’s disgusting,” he said.

 

[GURPS]

 

[herb749]

Sen. Chuck Schumer wants $290M to help fight deadly ‘rainbow fentanyl’​

The $290 million in funds would be used to sustain 61 Overdose Response Strategy teams that would help try to curb fentanyl, including the new “rainbow” kind, the New York Democrat said at a press conference.

“This is fentanyl, this is a Sweetart — you tell me the difference,” Schumer said while holding up pictures of both the deadly pills and the tangy sweets. “Halloween is coming up… this is really worrisome and really dangerous.”

Schumer said he would make the push this week as part of a must-pass funding bill to keep the government running.

“Our drug dealers will stop at nothing, and are now giving this evil drug the morbid moniker of ‘Rainbow.’ It’s gross, it’s disgusting,” he said.

The border is becoming an election issue. This fentanyl stuff has been out for months. Now they want to talk about it.

 

[GURPS]

In January Biden Said the Stock Market Hit “Record After Record After Record on My Watch” – Today Stocks Have Lost $7.6 Trillion in Value Since Biden Took Office​

Fast-forward 9 months later and the US economy is in a recession.

The stock market has also taken a brutal beating since Joe Biden was installed.

Fox News is now reporting that the stock market is down $7.6 trillion since Joe Biden took office.

 

[GURPS]

Do Not Feed The Animals

Portland retiree dealing with homeless thieves: 'At some point your compassion just runs out'​

The problems in Portland just don’t seem to end. Yesterday KGW 8 reported on a retirement community in northeast Portland where a row of campers and RVs have moved in and started preying on neighbors.

“It’s pure hell,” said Bambi Alvey, who has lived in the retirement community for 10 years. “I wake up every morning looking out my window at the homeless people looking through my window back at me.”…
“Every morning I go out, I look at my window to see what they have stolen out of my yard,” added Yvonne McKown who has been living there for eight years…
One neighbor said one of the campers threatened to burn their homes down if they called the police.
“I’m about at my breaking point. I’ve had enough of it, and I’ve been thinking about moving,” said McKown…
“At some point your compassion just runs out. You don’t have any anymore,” said [Jerome] Hulett.

 

[GURPS]

Economist Makes Waves After Arguing The Biden Admin Destroyed The Nord Stream Pipeline​

“The European economy is getting hammered by the sudden cutoff of energy,” Sachs contended. “And now to make it definitive, the destruction of the Nord Stream Pipeline — which I would bet was a U.S. action, perhaps U.S. and Poland.”

When asked to justify his assertion, Sachs claimed that radar data indicated that American military helicopters typically based in Gdansk, Poland, had been circling over the area. He also noted that President Joe Biden said days before the invasion that he would “bring an end” to Nord Stream 2 if Russian troops entered Ukraine. After the pipelines were destroyed, Secretary of State Antony Blinken called the phenomenon a “tremendous opportunity” to end European reliance on Russian energy.

“That’s a strange way to talk if you’re worried about piracy on international infrastructure of vital significance,” Sachs said. “I know it runs counter to our narrative — you’re not allowed to say these things in the West — but the fact of the matter is all over the world when I talk to people, they think the U.S. did it. Even reporters on our papers that are involved tell me ‘Of course,’ but it doesn’t show up in our media.”

While some European ministers said Russia may have destroyed its own pipelines to increase gas prices, others blamed the United States for the damage, which caused natural gas to spew toward the surface of the Baltic Sea. Disabling the pipelines would remove the possibility of Germany caving to Russia and ending sanctions in time to import energy for the winter.

 

[Hijinx]

Biden says a lot of stupid things, It's hard to tell from his words sometimes what he is saying but if you just assume that whatever he says is a lie you don't go wrong very often.

This article says the pipeline was destroyed, but destruction of an entire pipeline seems like a hard thing to do in my mind. Just how badly was the pipeline damaged and why can it not be fixed in a short period of time.?

 

[Sneakers]

why can it not be fixed in a short period of time.?

Not an easy fix, can't just throw some Flex Tape over it. The logistics of an underwater repair at that depth is daunting, the tenders they use are designed to lay the pipe sections sequentially as they traverse across the water. To just pick up a section in the middle and raise it to the surface means literally raising the whole pipeline for miles on either side.

 

[GURPS]

 

[GURPS]

Seven days of mayhem: Random killings expose lethality of Democrat crime policies​

In a single week, the Democrats' permissive approach to law enforcement — insecure borders, cashless bail and exploding homelessness — left a lethal wake of innocent victims that shook communities coast to coast and invigorated a political debate less than 30 days from mid-term elections.

"Policymakers have decided that law-abiding citizens are secondary and that those who commit crimes are afforded protections that embolden more crime," Dutchess County Executive Marcus Molinaro in New York told Fox News earlier this week.

Molinaro was reacting to the tragic shooting death of Paul Kutz, a 53-year-old college dad who was gunned down in a suburban New York hotel while visiting his son during family weekend at Marist College.

The suspects were two homeless men wanted in connection with other crimes who were smoking a PCP-like substance and had bomb-making materials in their room, police have said,

New York has been ground zero for liberals' experimentation with cashless bail, and the toll exacted by repeat offenders is mounting daily.

 

[GURPS]

Migrants bused to NYC hotel going door-to-door asking for help​

Locals said they were never informed that so many migrants would be brought to their middle-class neighborhood at once and that the area is already overwhelmed with the sudden flood of needy families.

Mayor Adams had declared a state of emergency in the city Friday over the deluge of migrants to the Big Apple, warning that the influx was pushing the city’s shelter system to its breaking point and set to taxpayers $1 billion by next year.

Felipe Viera, 24, and his wife, Gilimersy Perdomo, 26, of Trujillo, Venezuela, told The Post on Sunday that they arrived on Staten Island six days ago.

On their second day here, Viera needed an emergency appendectomy, the couple said.

“Living here has been OK, but we don’t have access to medicine, and the food is not that great. It comes frozen and microwavable,’’ Viera said.

 

[GURPS]

America's Suicidal Energy Policy Has Very Real Costs​

There is an obvious question to be asked in the face of this random and chaotic non-strategy: Why, precisely, doesn’t the Biden administration just ramp up energy production by unleashing the power of America’s oil industry? After all, America is still the world’s leading supplier of oil and natural gas. And we have billions of dollars in investment sitting on the sidelines; refineries have been dropping offline and energy companies transitioning away from the precise forms of fuel that actually power the globe.

The answer is just as obvious: This administration is far more tied to its ideological predilections than to reality. Actually, reality actively angers this administration: when it fosters a foolish policy and predictably dire results follow, the administration’s response is pique at that cause-and-effect relationship. This administration pursues green energy boondoggles while begging for energy from America’s foes, watches those foes hold Europe hostage in the midst of a potential nuclear standoff — and then, of course, yells about how cruel our foes are for cutting off energy supplies to our allies. This is both unproductive and geopolitically imbecilic.

But at least it makes the leaders of the free world feel warm and fuzzy inside. And if America’s enemies gain comparative power, at least we’ll have the comfort of snootily lecturing those enemies on the certainty of their political isolation; as State Department Senior Advisor for Energy Security Amos Hochstein recently stated, “low income countries have seen that Saudi Arabia and Russia are colluding against them.”

Odd, then, that low-income countries are disproportionately siding with Russia and Saudi Arabia. Perhaps that has something to do with the continued dedication of wealthy westerners to the proposition that the most effective energy policy for rising from poverty ought to be phased out — that the ladder to prosperity ought to be pulled up behind rich European nations in the name of sophistry spouted by Swedish teenagers who specialize in cross-generational derisive contempt.

The West has surrendered wise policy — or even simply non-suicidal policy — in favor of allegiance to pipe dreams. Then we wonder just why reality seems to keep collapsing in on us like an abandoned house.

 

[GURPS]

We Could Be Losing 175,000 Jobs a Month Soon​

Political analyst Charlie Cook warned Democrats recently: you can’t count on any more good news to break your way. The August spending bill and the abortion hysterics gave Democrats a slight boost as the dog days of summer ended—but that’s over. Voters don’t care about the Democrats’ inflationary spending bill, and the abortion rage has died. The September consumer index report was an abject disaster that set the markets ablaze. It was a vicious punch to the face reminding voters that inflation is very much the economic elephant in the room. It’s not the development Democrats wanted to return less than a month away from the 2022 midterms. On top of the economic recession, crime is now creeping back into the national consciousness. If Democrats felt that the stream of bad news would end—they would be wrong. Bank of America now expects the economy to shed 175,000 jobs a month soon (via KSL):

The Federal Reserve's fight to squash inflation will cause the U.S. economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.
Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.
The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday.
As pressure from the Fed's war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.
"The premise is a harder landing rather than a softer one," Michael Gapen, head of U.S. economics at Bank of America, told CNN in a phone interview Monday.

 

[herb749]

We Could Be Losing 175,000 Jobs a Month Soon​

Political analyst Charlie Cook warned Democrats recently: you can’t count on any more good news to break your way. The August spending bill and the abortion hysterics gave Democrats a slight boost as the dog days of summer ended—but that’s over. Voters don’t care about the Democrats’ inflationary spending bill, and the abortion rage has died. The September consumer index report was an abject disaster that set the markets ablaze. It was a vicious punch to the face reminding voters that inflation is very much the economic elephant in the room. It’s not the development Democrats wanted to return less than a month away from the 2022 midterms. On top of the economic recession, crime is now creeping back into the national consciousness. If Democrats felt that the stream of bad news would end—they would be wrong. Bank of America now expects the economy to shed 175,000 jobs a month soon (via KSL):

The democrats are hoping their bribes bought enough votes to remain in charge. Then after the election it all comes crashing down. Suckers .

 

[GURPS]

Biden to Import 65K Foreign Workers for Blue-Collar Jobs as 11.6 Million Americans Are Jobless​

This week, Biden’s Department of Homeland Security (DHS) and Labor Department announced that the administration would be allowing businesses to import a few less than 65,000 H-2B foreign visa workers to take nonagricultural jobs in construction, meatpacking, and landscaping, among other industries.

This is in addition to the 66,000 H-2B foreign visa workers that the Biden administration has already allowed into the United States labor market to take blue-collar jobs.

“The Department of Homeland Security is moving with unprecedented speed to meet the needs of American businesses,” said DHS Secretary Alejandro Mayorkas said in a statement.

 

[GURPS]

There Goes Biden’s College Vote: FDA Announces Nationwide Shortage Of Adderall​

President Joe Biden, like all Democrats, has constantly courted the college vote, but a new nationwide shortage could threaten that secured voting bloc — or at the very least force young Americans to pay more for a certain educational enhancer. Per the Food and Drug Administration, America is officially experiencing a shortage of Adderall.

Adderall, a prescription drug meant to treat certain medical ailments, is notorious for being illicitly used on university campuses around the country. According to one Ohio State University, “nearly one in six college students now say they’ve used stimulants like Adderall, Ritalin, or Dexedrine–drugs” that are normally prescribed for Attention Deficit Hyperactivity Disorder (ADHD)–without a prescription.”

Since those drugs increase focus, many feel Adderall and similar pills help them complete papers or study without distraction. Anecdotally, the drug can often range from $5.00 – $7.00 per pill when traded on the black college dorm market, according to Psycom.net. Based on the simple Econ. 101 lesson on supply and demand, that cost could soon skyrocket.

[clip]

This is not the first shortage of a critical need in recent months. The baby formula crisis is still ongoing, and nations from around the world have been air shipping in pallets of the product for struggling Americans. Somehow, the president considers depending on the rest of the world for basic items like food for newborns to be a success.

Yet college students are a bit insulated from real-world problems in their academic bubble surrounded by leftist professors. Biden’s economic policies have created anxiety for millions of Americans, but it isn’t unreasonable to assume those effects aren’t felt quite as much on a college campus.

 

[herb749]

College kids have money. They haven't had to pay a loan in over 2 yrs.

 

[vraiblonde]

Locals said they were never informed that so many migrants would be brought to their middle-class neighborhood at once and that the area is already overwhelmed with the sudden flood of needy families.

Now they know how people who live in border towns feel.

“Living here has been OK, but we don’t have access to medicine, and the food is not that great. It comes frozen and microwavable,’’ Viera said.

Boo hoo. Then go the hell home.

 

[GURPS]

Thanksgiving Is Being Canceled by Many Due to Bidenflation​

In 2020, an Ipsos survey found that nine out of ten Americans planned to participate in Thanksgiving activities, but according to Personal Capital’s survey, 1 in 4 Americans is planning to skip Thanksgiving this year to save money.

While many are cutting costs by not celebrating Thanksgiving at all, others are slashing expenses in other ways. “Many of this year’s Thanksgiving hosts are keeping things simple and affordable by sharing the load,” explains Personal Capital. “Over half of respondents planned to keep gatherings small, make fewer dishes, and ask guests to bring something to the table. Another 42% were willing to ask guests to pitch in money for the meal.”

Younger generations are more likely to use all four methods, while older generations are less likely to use any of them.