Tag: Economy

Jim and Greg are back for the third round of their prestigious Three Martini Lunch Awards. Today, they discuss the biggest lies of 2022, with Jim focusing on our economy and Greg opting for an infuriating falsehood connected to our elections. Then, they reveal their choices for the best and worst political theater of 2022.

Join Jim and Greg as they welcome a get-tough approach on China. They applaud Wisconsin Rep. Mike Gallagher warning Americans to get rid of the TikTok app because it’s basically a data harvesting tool of the Chinese Communist Party. They also groan as twice as many Americans described the economy in negative terms, 65 percent said the economy is headed in the wrong direction, and more than half expect it to get worse in 2023. Finally, they slam ABC’s Martha Raddatz for accusing Republicans of creating the border crisis by slamming President Biden’s policies – instead of the open border policies themselves.

What Is Going on with Chickens and Eggs?

 

This isn’t egg-sactly earth-shattering, breaking news, but what is up with eggs?  I just paid two dollars more for a dozen eggs yesterday than my past purchase.  All brands reflected about the same increase.  I read about a possible chicken flu coming this past October.  They said this is the worst outbreak since 2015, a quote “act of God event.”

“Egg quantity has cratered in lockstep. About 8.8 billion eggs were produced in September, down from about 9.7 billion in December 2021, according to most recent data from the U.S. Department of Agriculture.”

Join Jim and Greg as they welcome more polling indicators of a good midterm election night for Republicans – including dismal numbers on the state of the nation and a huge shift towards the GOP among suburban women in just the past couple of months. They also applaud New Hampshire Gov. Chris Sununu for calling out “Meet the Press” moderator Chuck Todd for living in a bubble after Todd was incredulous that election denial was not the top concern for voters this year. And they tee off on the suggestion in “The Atlantic” that we should just grant each other amnesty over our differences on COVID policy and just move on.

Join Jim and Greg as they applaud the direct and devastating attack from GOP New Mexico gubernatorial candidate Mark Ronchetti, as he blasted Gov. Michelle Lujan Grisham for grabbing the crotch of a male staffer, claiming she did nothing wrong, but also paying the staffer $150,000 to settle the complaint while forbidding the staffer from discussing the matter publicly. Ronchetti was also very effective at calling out the governor for imposing lockdowns she violated on numerous occasions. They also cringe over the latest consumer inflation numbers that come in worse than expected and prove higher prices aren’t going anywhere for awhile. Finally, they slam Politico Europe for naming Vladimir Putin as their top “green” figure because ending dependence upon Russian energy will force a revolution in renewables – ignoring the reality of people freezing to death and facing astronomical energy costs.

Join Jim and Greg as they wince over the larger-than-expected jump in the Producer Price Index in September and brace for the consumer inflation numbers tomorrow. They also discuss Jim’s in-depth reporting on Pennsylvania Senate candidate John Fetterman and the media that have coddled him for many years. And they shake their heads as the Quinnipiac Poll, which was spectacularly wrong at times in 2020, shows not only Sen. Warnock growing his lead over Herschel Walker but Brian Kemp and Stacey Abrams in an alleged dead heat in the governor’s race.

Join Jim and Greg as they welcome analysis from MSNBC’s Steve Kornacki showing the economy and inflation as the biggest concerns for voters in the midterms and Republicans ahead overwhelmingly among those voters. They also credit the New York Times for shedding the light on the insane boondoggle of California’s high-speed rail project that is $80 billion over budget and won’t be done in our lifetimes. Finally, they discuss former Hawaii Rep. Tulsi Gabbard officially leaving the Democrats and urging others fed up with the party to do the same.

Welcome to the New (Brainwashed) Civilization

 

I had a disturbing conversation with a relative, a cousin who is an off-the-charts left-leaning liberal and much older than me. She lives out west. She’s my flesh and blood and I let it drop today that I, and others in our family and my husband’s family had not been vaccinated.  My reasons are personal preference due to major food allergies and a very bad reaction to a flu shot in 2008.

She and her husband have been vaccinated and boosted out the tail. When I disclosed this, she had a meltdown. “OH! OH! Oh no!! Oh!  NO!  I never would have thought you were like that!  I am sweating — I can’t talk — I have to end this conversation! Oh no! A super spreader — how could you not?!!  We had no post-symptoms!

Riochet.com Editor-in-Chief Jon Gabriel is in for Jim today. Join Jon and Greg as they are pleased to see Dr. Oz and the GOP exposing John Fetterman’s radical record of coddling violent criminals. They also shudder as the government confirms a recession as the negative economic growth in the second quarter of this year becomes official, and they nod glumly as former Treasury Secretary Larry Summers ties the inflation mess back to a spending binge that started 18 months ago. And they sigh as White House Press Secretary Karine Jean-Pierre says it is not at all odd that President Biden would ask if a deceased congresswoman was in the audience because she was “top of mind.”

Join Jim and Greg as they eagerly welcome a poll showing Republicans with a 21-point advantage in competitive House districts. They also shudder as more signs emerge of a worsening economy from – from energy to housing to hiring. And they discuss the left and the media branding incoming Italian Prime Minister Giorgia Meloni as a fascist. But since the left now tars anyone who disagrees with them as “fascist,” the word has lost much of it’s meaning.

Quote of the Day: The Economy and Government Mismanagement

 

“The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” – Milton Friedman

We are going to see a repeat of this over the next year or two.  We are headed for recession, and possibly depression (although no one will call it that) even if the Republicans take over control of both houses of Congress next year. Part of that is due to existing inflation. But an even larger part will be due to government mismanagement.

Join Jim and Greg as they serve up three more good martinis! First, they like where Florida Gov. Ron DeSantis stands in his re-election bid and they enjoy watching another progressive darling cruising towards defeat. They don’t like the state of the the economy but they’re also relieved to see nearly 70 percent of Americans rejecting the Biden administration’s bogus argument that we’re not really in a recession.  And they cheer Virginia Gov. Glenn Youngkin for blasting Fairfax County Public Schools for failing to remove a middle school counselor for soliciting a minor for sex until almost two years after the fact.

Join Jim and Greg as they wade into the rare territory of giving credit to House Speaker Nancy Pelosi for planning to visit Taiwan in the face of Chinese threats against her. Sadly, President Biden has once again displayed his default position of weakness on this issue as well. They also rip Paul Krugman for trying to claim that the economy is actually really strong and that people think their own financial situation is fine but the media keeps convincing everyone things are bad. And they dissect the six-game suspension for Cleveland Browns quarterback Deshaun Watson after two dozen women accused him of sexual harassment or worse but no criminal charges were filed.

 

Join Jim and Greg as they find a glimmer of hope in Sen. Sinema’s silence thus far on the Manchin-Schumer bill. They also wince as another reports high inflation is here for at least several more months. And they shake their heads as Dr. Oz is polling at just 36 percent in Pennsylvania and is badly trailing an opponent who hasn’t campaigned in more than two months.

 

Join Jim and Greg as they hammer the Biden economic team for insisting two straight quarters of negative economic growth is not necessarily a recession. They also verbally pummel former Vice President Al Gore for comparing anyone not on board with his big government climate agenda to the police who refused to confront the shooter in Uvalde, Texas. And they get a kick out of NBC News once again wondering if this is the year that Democrats win in Texas with yet another glowing profile of Beto O’Rourke and his uphill campaign for governor.

 

Join Jim and Greg as they shudder at the news of 9.1 percent inflation over the past year. They also sigh as President Biden tries to claim the inflation report is “outdated” because gas prices have fallen since June. And they ‘re not happy to see a new generic congressional ballot poll showing Dems with a slight advantage.

 

Join Jim and Greg as they discuss two-thirds of Democrats now wanting a Plan B in 2024 as President Biden’s approval numbers keep getting worse. They also discuss the massive upheaval in Sri Lanka and how the economic chaos there may well be repeated in other nations. And they shake their heads as the mainstream media treats Shinzo Abe gets more critical coverage in the media than evil figures like Baghdadi or Soleimani.

 

Join Jim and Greg as they recoil at the horrific assassination of former Japanese Prime Minister Shinzo Abe and discuss why he was such a valuable U.S. ally. They also welcome better than expected job growth in June. And they wonder if New York Democrats learned anything from the Supreme Court decision as they pass new hurdles for residents to get concealed carry permits – including submitting their social media accounts for an evaluation of their character and conduct.

Join Jim & Greg as they dissect new polls showing that inflation, gas prices, and other economic issues are the top concern for for more than three of every five Americans. They also welcome news that Florida leans increasingly to the right as GOP voter registrations dwarf the numbers put up by the Democrats. And they’re a bit stunned to hear Philadelphia Mayor Jim Kinney admit that he’s looking forward to the day he’s no longer mayor.

Hubwonk host Joe Selvaggi talks with Bloomberg Columnist and National Review Editor Ramesh Ponnuru about the reasons for the sustained spike in inflation, its impact on savers and consumers, the possible policy remedies, and the likely intensity and duration of this cycle.

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