Stephen K. Bannon's Blog, page 754

A Look at America’s Opiod Epidemic

The post A Look at America’s Opiod Epidemic appeared first on The Bongino Report.

The post A Look at America’s Opiod Epidemic appeared first on Populist Press ©2022.

Alex Epstein Argues Fossil Fuels Will Power Our Future

The Left’s animus towards energy independence and corresponding human flourishing must be challenged.This week at Davos, U.S. climate envoy John Kerry, claimed, “There isn’t any country on the planet that isn’t feeling and living the impacts of the climate crisis.”  While in Japan, President Joe Biden appeared to relish in high gas prices back home, remarking, “[When] it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.”A new book from philosopher Alex Epstein, however, argues continued use of fossil fuels and its byproducts will positively impact our future.Epstein’s new book, Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas–Not Less, masterfully makes the case for continued usage of coal, oil, and natural gas against so-called “renewables.” The author articulates to readers the importance of refuting hostile viewpoints concerning fossil fuels. First, he explains the “knowl …

The post Alex Epstein Argues Fossil Fuels Will Power Our Future appeared first on Populist Press ©2022.

‘The Simpsons’ Rails Against Capitalism, by Tim Graham

Fox’s cartoon “The Simpsons” just concluded Season 33 on May 22 with a rip-roaring attack on capitalism and how the middle class has been shredded. It starred a singing janitor played by actor Hugh Jackman and a professorial cameo by socialist Robert Reich, who was once Bill Clinton’s secretary of labor.
Before we get into details, let’s just mock the pose they’re striking. Everyone associated with “The Simpsons” all these years is wealthy. Back in 2015, the show’s main voice actors were making $300,000 an episode. The show’s creator, Matt Groening, is even wealthier.
It’s just like Seth MacFarlane, who has made a mint off perverted episodes of “Family Guy,” etc. on Fox and backed socialist Bernie Sanders for president. Let’s guess MacFarlane would move all his money to the Caym …

The post ‘The Simpsons’ Rails Against Capitalism, by Tim Graham appeared first on Populist Press ©2022.

CBO debt estimates undercut Biden’s big deficit reduction claims

While newly released numbers from the Congressional Budget Office do not project a recession in 2022, the office’s long-term analysis projects a sharply increasing national debt that the Biden administration, or a future one, will need to tackle.
President Joe Biden has bragged about reducing the deficit by $1.5 trillion from 2021 to 2022, but that still leaves an annual debt of nearly $1 trillion that will only increase over time.
CBO PROJECTS FED WILL PULL OFF SOFT LANDING AND AVOID RECESSION
“Overall, it’s an encouraging report if you’re looking at the next year, and it’s a very troubling one if you look beyond that,” said Marc Goldwein, senior policy director with the Committee for a Responsible Federal Budget. “It surprised me how rapidly deficits are projected to go back up after 2022.”
The CBO expects the national debt to drop to 96% of gross domestic product in 2023, owing to a combination of economic recovery and high inflation, which effectively lowers past debts. But the number is projected to reach a record high of 110% by 2032, with a total of $15.7 trillion in deficits added over the next decade.
Goldwein has criticized Biden’s previous boasts about reducing the year-over-year deficit, mostly because his March 2021 American Rescue Plan is the reason deficits were so high to begin with.
The White House repeated that talking poi …

The post CBO debt estimates undercut Biden’s big deficit reduction claims appeared first on Populist Press ©2022.

The Fed’s preferred inflation gauge rose 4.9% in April, still near 40-year high

Former Council of Economic Advisers Acting Chairman Tyler Goodspeed provides insight into how the Biden administration is handling the U.S. economy.  A key measure of annual inflation that is closely watched by the Federal Reserve continued to run hot in April as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising prices. The personal consumption expenditures price index, which measures costs that consumers pay for a variety of different items, showed that core prices – which exclude the more volatile measurements of food and energy – soared 4.9% in the year through April, according to the Bureau of Economic Analysis. That measurement is the Fed’s preferred gauge to track inflation; it marks the 13th consecutive month the gauge has been above the central bank’s target range of 2%. Still, it was slightly below March’s measurement of 5.2%, and is down from the 39-year high of 5.3% that was recorded in February. In the one-month period between March and April, core prices soared 0.3%, suggesting that prices are leveling off, but are not yet falling. The slowdown in inflation in April largely stemmed from a drop in the price of gasoline and other energy sources. Gas prices soared in March as a result of the Russia …

The post The Fed’s preferred inflation gauge rose 4.9% in April, still near 40-year high appeared first on Populist Press ©2022.

Report: Biden Administration Plans to Cancel $10,000 in Student Debt Per Borrower

The administration of U.S. President Joe Biden is planning to cancel $10,000 in student debt per borrower, The Washington Post reported on Friday, citing three people with knowledge of the matter.

The White House plan would apply to Americans who earned less than $150,000 in the previous year, or less than $300,000 for married couples filing jointly, two of the people told the Post.The current government pause in student interest and payments expires at the end of August. It was not clear if the administration planned to resume payment requirement then.



The sources, who were not identified, told the newspaper that details could change.



Biden had hoped to make the announcement at …

The post Report: Biden Administration Plans to Cancel $10,000 in Student Debt Per Borrower appeared first on Populist Press ©2022.

Fed’s Favorite Inflation Signal Near 40-Year Highs

Both income and spending were expected to rise in April (with Americans spending more than they earn once again — as we already have seen hints of from the record surge in credit card use). And as expected spending soared (+0.9% MoM vs +0.8% exp) while incomes grew only modestly (+0.4% MoM vs +0.5% exp)…

The post Fed’s Favorite Inflation Signal Near 40-Year Highs appeared first on Populist Press ©2022.

Our baby formula crisis has roots in the WIC program that cannot be ignored

NEWYou can now listen to Fox News articles!
As a mother, my heart goes out to the millions of families affected by the current shortage of baby formula. I can only imagine what would have gone through my mind had I not been able to obtain the proper nutrition for my two daughters in their infancy. Hard-working American families deserve better than this.The formula shortage brings to mind the famous quote from Ronald Reagan’s first inaugural address: “In this present crisis, government is not the solution to our problem—government is the problem.” WH PRESS SECRETARY KARINE JEAN-PIERRE: ‘I DON’T HAVE A TIMELINE’ ON WHEN BABY FORMULA WILL RETURN TO SHELVESA series of poor decisions by federal policy-makers helped to create the shortages plaguing supermarket shelves, and some of the proposed “solutions” could end up making the problem worse.
Store shelves are empty after a baby formula shortage. 
(Fox News Digital)Much of the problem began with the federal Women, Infants, and Children (WIC) program, which funds over half of the baby formula purchased nationwide. States competitively bid out their WIC contracts for …

The post Our baby formula crisis has roots in the WIC program that cannot be ignored appeared first on Populist Press ©2022.

Durham trial: FBI agents testify about ‘typos’

The FBI opened a full-fledged counterintelligence investigation into since-discredited Trump-Russia collusion claims just days after Clinton campaign Michael Sussmann pushed the allegations to the bureau — with the launch document containing “typos.”
As revealed in trial that is part of John Durham’s special counsel inquiry, the electronic communication marking the opening of the investigation wrongly cited a nonexistent “referral” from the Justice Department rather than correctly saying the Alfa-Bank allegations came from a lawyer for Hillary Clinton’s 2016 presidential campaign. The opening communication, titled “Alfa Bank,” was authored by FBI agents Curtis Heide and Allison Sands, both of whom testified this week in Washington, D.C., and the investigation initiated on Sept. 23, 2016, …

The post Durham trial: FBI agents testify about ‘typos’ appeared first on Populist Press ©2022.

Russia blames sanctions for food crisis

It’s not just the United States that’s facing issues of empty shelves in food stores. A number of countries are dealing with both supply chain problems and shortages of staple food goods. While there are a lot of moving parts contributing to these issues, the Russians have determined that the root cause is the global sanctions on their country. The almost comical explanation from Kremlin spokesman Dmitry Peskov yesterday left most of the media rolling its collective eyes because the Russian blockade of Ukrainian ports is preventing millions of tons of grain from making it to the global market. Wheat, in particular, is rotting in storage silos, along with corn and other crops. Ukraine is also one of the largest exporters of sunflower oil. But at the moment, virtually none of their produce is able to get out of the country. (Associated Press)Russia pressed Thursday for the West to lift san …

The post Russia blames sanctions for food crisis appeared first on Populist Press ©2022.