RUTHFULLY YOURS

https://issuesinsights.com/2022/06/16/bidens-recession-from-risk-to-real/

“Joe Biden let it happen by following the awful advice of his White House advisers and the far-left Clown College he calls a Cabinet, possibly the most inept collection of political ideologues in our nation’s history. And that’s saying a lot.”

No doubt about it, the economic news in recent weeks has been relentlessly negative. Indicator after indicator shows activity plunging sharply in key parts of the economy. Now, a widely followed indicator signals economic growth is likely to be zero in the current quarter, after the first quarter’s “unexpected” 1.4% decline.

Buckle up, looks like we’re entering a recession, folks.

Let’s review just some of the economic carnage of recent days:

The Fed raised interest rates by 3/4 of a percentage point on Wednesday, the largest hike since 1994, as the central bank desperately tries to rein in our near-9% inflation rate.
Mortgage rates surged above 6%, the highest since 2008, a level that is likely to tank home sales and hit consumers’ pocketbooks hard as adjustable-rate mortgages move upward along with interest rates.
Producer prices soared at a 10.8% rate in May, an ominous sign of higher inflation for consumers down the road. That followed last week’s 8.6% yearly CPI number, the highest since 1981.
Retail sales fell 0.3% in May, but jumped 8.1% from a year earlier. A good sign? Hardly. Adjusted for CPI inflation, growth was minus 0.5%.
Small business optimism is its lowest ever, the National Federation of Independent Business said. This is key because small businesses are the No. 1 employer in America, usually first to hire in good times and first to fire in a slump.
“Meanwhile,” AP reports, “the national average price at the pump reached $5.01 per gallon on Tuesday, up from $4.45 a month ago, and surging more than 60% in one year.”
And before Wednesday, when the stock market rallied in relief that the Fed finally recognized the seriousness of the inflation problem, all of the post-Trump stock market gains had been erased.
The Atlanta Fed’s GDPNow indicator, a kind of running tab of GDP data, fell to zero on Wednesday. A rule of thumb says two or more quarters of zero or negative growth equals a recession. By that standard, the Biden recession is here.

https://www.nysun.com/article/desperate-biden-goes-begging-to-saudi-arabia

How humiliating. In mid-July, President Biden will travel to Saudi Arabia to meet with Crown Prince Mohammed bin Salman, who is that nation’s de facto ruler. That’s the same Mr. Biden who, on the campaign trail in 2020, called the oil superpower a “pariah” state and vowed to make sure “America does not check its values at the door to sell arms or buy oil.” 

Unless, apparently, polling suggests he really, really needs the oil. Such are the complications that arise when the president of the United States departs from decades-long relationships rooted in realpolitik and follows a childish urge to abandon every policy of his predecessor, even those that were unquestionably successful.

The lead-up to this planned sit-down has been an embarrassment. In March, MBS, as he is known, and his UAE counterpart, Sheikh Mohammed bin Zayed al Nahyan, refused to take a phone call from Mr. Biden. 

Imagine, the President of the United States sitting by the phone like a pimply teenager pining for that someone special to ring up. (The White House denied this report in the Wall Street Journal, saying that indeed Mr. Biden had spoken by phone with the “king”; that is called a non-denial denial.) 

Why would the UAE and Saudi rulers make Mr. Biden beg? Because the President has gone out of his way since his first week in the Oval Office to insult those two countries and let them know that agreements established under President Trump are null and void. 

https://www.americanthinker.com/blog/2022/06/jan_6_committee_flouts_the_rules_of_congress_delivers_propaganda.html

The Jan. 6 House Select Committee has been marred by officials acting in an arbitrary and capricious manner. The journalistic result is propaganda not fairly and honestly informing the American people on the conduct of this committee and its threat to democratic government

For example,

“[I]t is well established that, when a congressional committee seeks to use the implied authority to compel testimony, it must respect the Separation of Powers; it must do so only in pursuit of a valid legislative purpose (and not for the purpose of generating publicity or pursuing law enforcement) and it must follow the rules associated with the delegation on which its claimed subpoena authority relies.” 

This quote appears at page 4 of the Introduction to the reply brief (Case 1:21-cv-03217-CJN Document 38 Filed 06/06/22) filed by former White House Chief of Staff Mark Meadows in his lawsuit against Speaker Nancy Pelosi and the Jan. 6 committee.

The Meadows reply brief opened the Introduction with this statement:

“No authoritative appellate court has ever held that a senior aide to a President, or a President himself, can be compelled by Congress to appear and give testimony, let alone when there is a claim of Executive Privilege.” 

This statement makes clear how breathtaking Speaker Pelosi’s actions have proven to be, willing to dash to pieces the Separation of Powers tradition of our tripartite federal government.