My fellow Americans – President Biden is currently on a “Bidenomics” tour. Terrible name, “Bidenomics,” because nobody likes Biden so they’re not going to like anything with his name in it. Call it “Satanomics: The Economy is Stronger Than Hell,” which is a lie but so is everything else he says about the economy. His economic team recently posted a “Here Are the Facts” video, the first of which is, “Under the Biden Harris Administration Inflation Has Fallen.” That’s true — if by “Fallen” you mean “Risen.” The annual inflation rate when Biden took office was 1.4 percent. In May 2023, it was 4 percent, about three times higher. Inflation is lower today than the 9.1 percent peak that we hit last June, but you don’t get credit for pushing it to unprecedented levels and then watching it come back down, particularly since it only came down as the Federal… Read more →
EppsNet Archive: Inflation
What the State of the Union Didn’t Say
The president entered office with a 1.4% inflation rate and spiked it to 7%. 30-year mortgages of 2.7% soared to 6.5% in less than two years. Eggs are $7 a dozen. A thin steak is $15 a pound. A sheet of plywood is $95. Gas averaged $2.39 a gallon when the president took office and even after draining the Strategic Petroleum Reserve it is still $3.50 a gallon. In my state, California, gas has recently been over $5 a gallon. The price of natural gas has tripled in less than a year. In two years over 5 million foreign nationals poured into the United States—all illegally across a nonexistent border. The president said that he “lowered” inflation, energy prices and interest rates after sending them to astronomical levels and then seeing them momentarily taper off a bit. Like Nero bragging about rebuilding Circus Maximus after burning it down. He omitted… Read more →
Thomas Jefferson on the Midterm Results
My fellow Americans – I thought Republicans would fare better than they did in the recent midterm elections. My reasoning was that Joe Biden and his administration have taken so much away from us that Americans would never vote to continue down the same path. Some of my readers may be financially well-to-do. If you fall into that group, I ask that you consider some of what I’m about to say from the perspective of the majority of your countrymen who live near, at or below the median level of income. Biden has taken away the ability to buy a tank of gas at an affordable price. the ability to buy groceries without gasping in shock at the total cost. the ability to retire comfortably. Retirement accounts have been drained due to the performance of the investment markets and inflation rates have gone through the roof. The ability to retire… Read more →
Let’s Go, Brandon!
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Messaging vs. Reality
I live in California. Gavin Newsom’s main flaw is that he’s very stupid. Democrats are not getting destroyed on messaging. I don’t even know what the Republican message is. I know the Democratic message is “MAGA Republicans, extreme MAGA Republicans, fascists.” Now that is a losing message, I grant you, because Democrats who aren’t insane, for whom politics does not play a destructive force in their life, have friends, neighbors, co-workers, family members, etc., who are Republicans and understand that while Republicans have different political views, they aren’t trying to put Democrats in gulags. Democrats are getting destroyed by reality. Republicans are running on GDP, inflation, lying about inflation, recession, lying about recession, gas prices, food prices, stock market, crime, border security, fentanyl deaths, energy independence, foreign policy, supply chain, social corruption, silencing, lies, pronouns and fucking with children. Actually, now that I think about it, maybe the Republicans could… Read more →
The Right Side of History?
No, are you a mental patient? I'd like to retire but can't because my 401(k) cratered and inflation is thru the roof. But keep drinking the Kool-Aid, MFer. https://t.co/K0mPszyWL0 — Paul Epps (@paulepps) October 23, 2022 Read more →
Inflation Numbers and Unemployment Numbers
Latest inflation report came out today (BLS is the Bureau of Labor Statistics): Annual inflation via BLS just out: 42.9% airline fares33.1% utility gas30.5% eggs18.2% gasoline17.2% chicken15.7% coffee15.2% milk14.7% bread10.1% furniture9.2% vegetables8.2% all items8.2% fruit8.1% ham7.6% women apparel7.2% used cars6.7% rent3.7% men apparel — Ryan Struyk (@ryanstruyk) October 13, 2022 Core inflation excludes energy and food, so we get to say that inflation is at 8.2%, which is still the highest in 40 years, but most of the items on that list are energy and food, and many are a lot higher than 8.2%, so the 8.2% number doesn’t do justice to the enormity of current inflation. Biden economic adviser Jared Bernstein said this: What the president said was that a recession is far from inevitable and I think what he was referring to there is the strength of our job market. Look, you just don’t have a recession when… Read more →
The Most Dangerous Movement in History!
Yes or no: is MAGA the most dangerous movement in modern American history? — Jon Cooper (@joncoopertweets) October 6, 2022 Yes! We must continue Biden’s historic progress on GDP, inflation, stock market, crime, border security, energy independence, foreign policy, supply chain, etc. etc. Read more →
Thomas Jefferson: MAGA Republicans
My fellow Americans – I have to confess I have not figured out the difference between a “MAGA Republican” and a plain old Republican. A “Make America Great Again” Republican. It doesn’t sound so bad. And with that still unresolved, we are now confronted with “extreme MAGA Republicans,” who apparently want to make America extremely great again. .@RepJeffries on midterms: "Extreme MAGA Republicans apparently do not believe in democracy anymore. […] We'll have an opportunity to make our case to the American people […] and the consequences of what might happen if extreme MAGA Republicans are allowed to seize power." pic.twitter.com/T4LAMCxuyx — The Hill (@thehill) September 29, 2022 Midterm elections are not far away and if I were a Democrat, I wouldn’t be looking forward to them with great optimism. Every Democratic policy has failed. They are under water with the economy, we are in a recession based on the… Read more →
The Economy is Steady and Stable
The economy is steady and stable. Inflation goes up, GDP goes down, stocks go down — but all in a stable and steady manner. https://t.co/fIGabtAkhs — Paul Epps (@paulepps) September 28, 2022 Read more →
Even the Price of Getting Up is Going Up
A friend and former colleague is telling me about a recent trip to a massage parlor . . . “She offered to take her clothes off and give me a hand job for $140. A hundred and 40 dollars?!. “I said, ‘I can get a hand job for $60, if you’re gonna disrobe, I can add another $20, maybe $40.’ “‘Come on,’ she says. ‘Help me out.’ I told her to just massage my feet. “Is this inflation or what? I can’t get a naked woman to jerk me off for less than $140?! I’ve had full service for $120. Man, fuck Joe Biden.” Read more →
We Are Led by Idiots
It’s hard to contemplate American public life in the 21st century and not arrive at the unhappy conclusion that we are led by idiots. The political class has lately produced an impressive string of debacles: the Afghanistan pullout, urban crime waves, easily foreseen inflation, mayhem at the southern border, a self-generated energy crisis, a pandemic response that wrought little good and vast ruin. Then there are the perennial national embarrassments: a mind-bogglingly expensive welfare state that doesn’t work, public schools that make kids dumber, universities that nurture destructive grievances and noxious ideologies, and a news media nobody trusts. — Barton Swaim Read more →
Focusing on the Stuff That’s Important
This should drive down inflation and cause the market to rebound. https://t.co/c2XR6hM5p6 — Paul Epps (@paulepps) June 13, 2022 Read more →
“Get the Vaccine” — Joe Biden
OK grandpa, now go take a nap. That’s the only Biden quote I have. Nothing on the latest jobs report, massive layoffs, high gas and energy prices, high food prices, high crime, empty shelves, open borders or Afghanistan. If you have any good ones, let me know and I’ll post them here. Read more →
Thomas Jefferson: Why is President Biden So Unpopular?
My fellow Americans – According to White House press secretary Jen Psaki (whom I would nail so hard that whoever could pull me out would be named King of England), the COVID-19 pandemic is to blame for President Biden’s poor approval rating, which has fallen to a new low in recent polling. Point taken, but of course Biden and the Democrats campaigned on the pandemic being the fault of Trump and the Republicans, who failed to “follow the science.” And yet after nine months of glorious science-based leadership in Washington, here we are, no better off than before as far as I can see. Psaki also failed to mention the botch-up in Afghanistan, an unprecedented border crisis (including migrants coming in already infected with COVID), inflation, consecutive dismal job reports, and ongoing debt default brinksmanship. Read more →