Tag: economy

Democrats push for $300 a month stimulus checks to help Americans struggling to pay for sky-high gas prices as a gallon soars past $6 in LA and 73% of voters say they back tax breaks

With the price of gas rising across the U.S., lawmakers are developing a string of proposals to help motorists – from $400 rebates for all taxpayers in California to imposing windfall taxes on oil companies or a sliding scale of payments that could net families as much as $300 every month.

The average cost of a gallon has raced past $4 a gallon amid domestic inflation and the impact of Vladimir Putin‘s war in Ukraine.

This week, the average price of a gallon of regular gas in Los Angeles hit a record $6.011, even as the national average continued to decline slightly from the all-time high earlier this month, according to the AAA Gas Price Index. 

An opinion poll published Wednesday found that almost three quarters of voters were in favor of a holiday from federal energy taxes to ease the burden.

And lawmakers across the country are pushing legislation to bring down prices at the pumps.

A new bill proposed by three Democrats – Reps. Mike Thompson of California, John Larson of Connecticut and Lauren Underwood of Illinois – could be worth $300 each month to some families if the price of a gallon stays above $4.

‘Americans are feeling the impact at the pump of Vladimir Putin’s illegal invasion of Ukraine, and right now we must work together on commonsense policy solutions to ease the financial burden that my constituents are feeling,’ Thompson said in a news release. 

‘The Putin Price Hike is putting strain on our economy, and I am proud to be working with Reps. Larson and Underwood to introduce this legislation to provide middle-class Americans with monthly payments to ease the financial burden of this global crises.’ 

Their plan follows the model of COVID economic impact payments – offering $100 for single filers earning less than $75,000, plus $100 for each dependent. 

It is just one of a series of proposals unveiled recently.

In California, Democratic lawmakers want a $400 rebate for taxpayers – costing about $9 billion drawn from the state’s budget surplus and equivalent to the average gas tax paid by residents over a year. 

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BACKLASH As Media Says Let Pets Die And Don’t Eat Meat, While Globalist Energy Agency Calls For Climate Lockdowns

Bloomberg News elicited a massive backlash over the weekend for offering ‘tips’ to Americans who might struggle with the rising cost of living which included letting their pets die and eating lentils instead of meat.

The piece, titled “Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal,” was penned by Teresa Ghilarducci, professor of economics at the New School for Social Research, a private university in New York.

Ghilarducci proved she is completely out of touch with the reality of life for everyday Americans, writing “I expect those most affected will adjust to inflation in the classic way by shifting away from relatively expensive items toward close substitutes.”

She continued, “Here are some ideas on how to reconfigure consumption and lessen the blow. But again, adjustment is hard for people without savings or choices.”

The professor then outlined how people should take public transportation instead of driving, eat meat subsitutes like lentils and vegetables, avoid buying items in bulk, and avoid medical expenses for pets.

Right, so let pets die? In short yes.

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Elite Flock to Doomsday Bunkers as World Bank Tells Peasant Class NOT to Store Food

Since the invasion of Ukraine began, manufacturers of doomsday bunkers have seen a massive spike in sales. This is typical during any crisis as people wait until the last minute to start preparing. What sets this rush toward prepping apart from ones in the past is the fact that the World Bank is warning against such actions — despite many of their elite friends doing exactly that.

During a virtual event hosted by the Washington Post on Monday, World Bank President David Malpass told people not to store food or gasoline in spite of the massive spike in prices since the Russian invasion of Ukraine.

“The right thing to do in these current circumstances is not to go out and buy extra flour or extra gasoline, it’s to recognize that the world is a dynamic global economy and will respond. There’ll be enough to go around,” Malpass said.

Malpass’ intentions are clear — don’t create fear to further hurt the supply chain. But it is too late for that and people should definitely be preparing. In fact, it may be too late.

While high prices and inflation are being blamed on Russia, it is important to point out that we have been headed in this direction well before the invasion. Russia was just an easy scapegoat.

While the president blames high prices on “corporate greed” and the Federal Reserve blames supply chain dysfunction, no one is looking at the elephant in the room — massive expansion of the money supply and insane deficit spending which has reached historical proportions in the last two years.

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Biden claims COVID-19 keeps Americans from seeing ‘things have gotten so much better for them’

President Joe Biden claimed the COVID-19 pandemic has made it psychologically difficult for Americans to feel happy despite their improving economic circumstances.

During an extensive interview with Brian Tyler Cohen that aired Saturday, the progressive host asked Biden to address frustration that some Democrats might feel that the party’s agenda is not moving forward quickly enough despite Democrats controlling both Congress and the White House.

Biden replied by suggesting that the psychological toll of COVID-19 prevents some Americans from seeing the progress that has been made under his administration.

“I think the biggest impact of the psychology of the country has been COVID,” said Biden, pointing out how more than 1 million Americans have died from the virus.

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Joe Biden says delusional Americans are imagining inflation

Hard-left podcaster Brian Tyler Cohen interviewed Biden. The topics were what would expect—Biden’s race- and sex-based Supreme Court nominee, claims that Trump and other Republicans support Putin, boasts about his strategic genius, etc.—but the real surprise was Biden’s claim that COVID has made Americans so psychologically unstable they can’t understand that the Biden economy is wonderful.

Here’s what Americans know: They are facing hard times. The economy is creeping back, but it’s nowhere near what it was under Trump before COVID. In 2019, unemployment was 3.6%. It went up to 6.7% in 2020. It’s now 4%, still short of the pre-COVID rate.

That 4% doesn’t even include the millions of people who dropped out of the workforce. CBS blames long COVID but it’s a good bet stimulus checks have also depressed the workforce. If people are paid not to work, they won’t work. When government money finally ends, they might come back.

Inflation is a problem, too. While wages have increased, those increases haven’t kept pace inflation’s 40 year high. A 3.5% raise is meaningless if life’s necessities (food, shelter, energy costs) increase in price by 7% or more.

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