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Tuesday, August 23, 2022

Gulp!

 


Friends, my latest article is every bit as thrilling as a James Cameron film, but let's just say that the ending might resemble Titanic more than it does Aliens.  Read into that what you will.  The upshot of my analysis is that I am troubled by how depressed and anxious most Americans are already, when the worst of our economic challenges still lie ahead.  See if you don't agree.


https://townhall.com/columnists/nicholaswaddy/2022/08/23/the-yawning-abyss-n2612119

 

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In other news, look for President Biden to play Fairy God-Grandfather to the American people in the next few weeks by greatly expanding federal student loan forgiveness.  Needless to say, Democrats couldn't care less about the long-term financial or fiscal consequences.

 

https://www.cnn.com/2022/08/22/politics/student-loan-white-house/index.html 


Here are two signs that the "looming" recession might already be here, or is at least nearer than economists would like to think.  The housing market is just beginning to slide into recession.  We'll know it's for real when prices start to ease.  And overall private sector economic activity is down: that's a metric that's harder to second-guess!


https://www.cnn.com/2022/08/23/homes/new-home-sales-july/index.html

 

https://www.reuters.com/markets/us/us-private-sector-activity-contracts-again-august-survey-shows-2022-08-23/ 


Finally, what North Carolina's Supreme Court is doing is truly shocking: they're selectively nullifying actions of the state legislature and popular votes on constitutional amendments because the redistricting of said legislature was later found to be improper.  Think about that precedent!  I mean, why not nullify everything that Trump did, including his SCOTUS appointments, because the 2016 election was compromised by foreign interference...  Makes every bit as much sense.  Look for more seditious pettifoggery like this to emerge after we win in November.  Many Democrats will reject the legitimacy of those wins, I guarantee you!


https://www.newsmax.com/newsfront/north-carolina-judges-progressive/2022/08/23/id/1084247/

1 comment:

  1. Dr. Waddy from Jack: The debt excuse is an OBVIOUS ploy to gain electoral gratitude from the young by relieving them of this burden nonetheless NOT shared by all of them

    he



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