Business/Economy (Bloggers & Personal)
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On July 25, the U.S. Government Accountability Office (GAO) released a damning report revealing an additional $2 billion in accounting errors related to the Pentagon’s aid to Ukraine.This discovery compounds the $6.2 billion overestimation previously disclosed, bringing the total to an alarming $8.2 billion in misallocated funds. The discrepancies arose from the Pentagon’s use of “replacement value” instead of “depreciated value” in calculating the aid provided under the Presidential Drawdown Authority (PDA). The PDA, authorized by the Foreign Assistance Act of 1961, allows the President to direct the transfer of defense articles and services from U.S. stocks to address foreign...
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76% of all personal income tax last month went to servicing the $34 trillion national debt. How did we get here? Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. (3 minute and 46 seconds video in the link below) https://x.com/profstonge/status/1816813562771255713
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A new Rasmussen poll taken before the assassination attempt on President Trump and the resignation from the 2024 Democrat ticket by Joe Biden shows a shocking result. The poll shows the top issues still remain the economy (27%) and the border (20%). However, the demographic polled is interesting. Rasmussen also asked 2,466 the typical questions in an election year poll, however, they also asked about citizenship status. Respondents either answered “Yes,” “No,” or “Not sure.” Out of 2,466 respondents, 131 responded with “No” and 91 responded “Not sure” regarding their citizenship. This accounts for just over 9% of those polled...
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The Gateway Pundit’s bankruptcy filing in Florida has been rejected by a federal court. R Federal Bankruptcy Judge Mindy A. Mora ruled today that the Gateway Pundit cannot seek relief for its financial liabilities in federal court because, in her belief, the relief sought is being done in ‘bad faith.’ Said Judge Moora, it was clear that the Gateway Pundit was solvent and able to pay its debts. ...... Snip...... Giuliani, on essentially the same case filed also by Ruby Freeman and Shaye Moss, was awarded $150 million in damages in a Washington, D.C. case and his bankruptcy case was...
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Amidst today’s wild roller-coaster ride on Wall Street, the news about Ford Motors jumps out. Here’s Barron’s headline: Ford Stock Had Its Worst Day Since 2008 Ford Motor reported earnings that were worse than what Wall Street had expected: Its commercial business couldn’t overcome higher warranty costs. And the stock took it on the chin Thursday. . . On Wednesday, Ford announced a second-quarter operating profit of $2.8 billion, down 26% from $3.8 billion reported in the second quarter of 2023. Wall Street was looking for $3.7 billion, according to FactSet. Barron’s goes on to note that Ford is experiencing...
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A campaign official for Democratic presidential candidate Kamala Harris acknowledged Wednesday that the vice president is deliberately misleading voters about Project 2025. CNN first reported the stunning admission as part of a fact-check article accusing Harris of making false claims about Project 2025 and former President Donald Trump’s stance on Social Security. CNN’s Daniel Dale revealed: A Harris campaign official said the campaign has ‘made a deliberate decision to brand all of Trump’s policies’ as ‘Project 2025,’ since they believe ‘it has stuck with voters.’ Since entering the presidential race Sunday, Harris and her campaign have repeatedly tried to link...
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In a gross violation of journalistic ethics, a CNN journalist gave the Biden administration a sneak peek of her article looking for the government stamp of approval before publishing. The Functional Government Initiative (FGI) obtained documents shared exclusively with MRC Business showing that CNN congressional reporter Clare Foran all but asked the Department of Energy to greenlight her story going after Republican politicians for pushing to prohibit DOE Secretary Jennifer Granholm from implementing any rule that would “limit consumer access to gas kitchen ranges and ovens.” The emails uncovered by FGI — dated March 30, 2023 — don’t denote a...
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The decision of Joe Biden to withdraw from his reelection bid raises the obvious question of how he can continue as president if he is incapable of running for that office. The Democratic Party seems to have created its own 25th Amendment, but ... ...there remains the "other" 25th Amendment. This is a type of 25th-lite option where you lack capacity to run but not to serve for an office... ...It also focuses attention on the efforts of Democrats to drop any challengers or hold any debates through the primary as millions voted for Biden. Holding a party "primary" in...
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On Tuesday President Emmanuel Macron accepting the resignation of his Prime Minister Gabriel Attal but asking Attal to stay on in a caretaker role. On the Left the ranks of the "New Popular Front" frayed and divided with debate and discussion about unity in general and the need to unify around a particular candidate for Prime Minister. On Thursday the forces of President Macron won the vote to select a President of the National Assembly... On Friday leading Leftist politician Jean-Luc Melenchon said the Socialist Party is standing in the way of him being nominated as the next Prime Minister......
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The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion.$35 trillion USD.Trillion with a 'T.' That's an unfathomable number. It's meaningless to most people. We simply can't comprehend a number that big.Let's try to put the $34.9 trillion national debt into perspective.According to the National Debt Clock, every American citizen would have to write a check for $103,565 to pay off the national debt. Of course, a lot of people don't pay taxes. That means the taxpayer burden is much higher. Every U.S. taxpayer would have to write a check for $266,953...
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The latest inflation report says we’re still 50% over the Fed’s target. Is that really close enough? Will inflation disappear by itself? Why is Jerome Powell so close to giving up the inflation fight? Morgan Stanley thinks the Federal Reserve could start cutting rates as early as September, based on the idea that “inflation is finally under control.” The Federal effective funding rate has been held at 5% or higher since May 2023, as you can see on the graph below: (You can also see how the rate was left over 6% – at one point a mind-boggling 19% –...
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Russian air defenses downing... The notion that Iran could produce materials needed for a nuclear weapon in 'one or two weeks'... The man who tried to kill President Trump flew a drone over the site... Democrat US Senator Sherrod Brown of Ohio joining the list of Democrats calling for Joe Biden to step aside... The Biden Administration setting a goal for the federal government to eliminate single-use plastic... Donald Trump speaking with Ukraine's President... Tunisian President Kais Saied, who has ruled with wide ranging powers since July of 2021, wants re-election... In Kenya President William Ruto announcing 11 cabinet appointments......
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Republicans are hesitantly optimistic about election reform in Arizona following a decision by the 9th Circuit Court that requires officials to verify voters’ proof of Citizenship when registering to vote with the state. In the past, all Arizona residents were able to fill out a state registration form and those who did not provide citizenship documents were automatically enrolled to vote in federal elections only. Because of this ruling, residents are now required to provide documentation proving citizenship, if they fill out a state registration form. Unfortunately, in the same ruling on Thursday, the court maintained that Arizona must continue...
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Abandoned by his father to a troubled single mother; eventually raised by grandparents. He is then recruited from an Ivy league law school by shadow figures, a specific billionaire and a network of interests. He changes his name, writes a book about his life story, and with the support of the aforementioned – who eventually pays for the assembly of a strategic campaign influence network, becomes a Senator for 2 years before being quickly elevated into position in the White House. Many people reading that paragraph would be familiar with the life story of Barack Hussien Obama. However, that paragraph...
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Joe Biden sat down for an interview with Black Entertainment Television (BET) host Ed Gordon to pander to black voters. Joe “you ain’t black” Biden is struggling with black voters as the 2024 election cycle goes into full swing. Meanwhile, President Trump is making inroads with blacks. Biden’s interview with BET was a pathetic attempt to appeal to black voters. Biden rambled incoherently as he lied about his involvement in the civil rights movement. This is one of Biden’s favorite lies (he has many). “I got involved in the civil rights movement [unintelligible].” At this point, Biden mumbled through a...
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Here's the relevant data from http://Fintel.io, showing the astonishingly huge short position ("put") filed on July 12th by Austin Private Wealth, LLC against Trump Media & Technology Group, Corp, for an astonishing 12,000,000 shares. This would have generated a windfall of profits if Trump had been shot and killed a day later. You can look this up yourself: https://x.com/HealthRanger/status/1813722413638795656 So now the fund betting against $DJT & $RUM before the assassination attempt is saying it was a filing error and it never really happened??? https://x.com/matt_kohrs/status/1813900335523725316
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"wicked people who have used the courts as their personal collection agency"...In the face of the 53 million dollar judgement against him...activist Ammon Bundy filing bankruptcy.... There are reports Democrat Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries told Joe Biden staying in the race... In Bangladesh police firing tear gas and rubber bullets to disperse protesters... Senators briefed about last Saturday's assassination attempt on Donald Trump telling media outlets... Word that Joe Biden has tested positive for COVID... California Democrat Congressman Adam Schiff the US Senate candidate there this fall wants Joe Biden to "pass the...
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CNN’s John King admitted that former President Donald Trump is on course for an unprecedented landslide victory this November. The CNN analyst says Trump could win as many as 330 electoral votes (only 270 are needed to secure victory). King explained: “If Donald Trump won, what we have here, dark red states, solid Republican.” “Light red states, leaning Republican.” “If he won just those right there, he would already have the path to 270,” King added. “He would have 272 electoral votes,” he explained. Watch VIDEO AT LINK.............. He continued: “Look what is different. We have Wisconsin as a toss-up....
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My organization sponsors a quarterly poll in conjunction with our magazine. Meeting Street Insights conducts the poll for us. For our Summer issue, we thought it would be interesting to poll young people in Minnesota, which we defined as ages 18 through 34. To my knowledge, no one has done this before. We asked young Minnesotans not about their views on politics or policy, but about their lives and concerns.The results were stunning. Young people in Minnesota are deeply pessimistic about their futures, and their country’s future. We asked respondents whether their generation is better off economically than their parents’...
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In the wake of the attempted assassination on former President Donald Trump, the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) have issued a joint intelligence bulletin. .... Snip.... The bulletin was first shared by Catherine Herridge on X. She wrote: NEW: Sources confirm “JOINT FBI/DHS INTELLIGENCE BULLETIN” TITLE: “Assassination Attempt on Former US President Donald J. Trump” TOP LINE: Bulletin says attempted assassination “reinforces our assessment that election-related targets are under a heightened threat of attack or other types of disruptive incidents.” CONTEXT: But near catastrophic lapses suggest the security posture did not reflect this...
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