It is amazing the amount of money Republicans spend to beat Democrats.
Add to that the propaganda and lies and it really takes a lot to defeat a Democrat.
Amazing how gullible American voters currently are to walk away from their best interests.
This is directly from Secretary Yellen's Treasury website. There is no recession. The two months that others are crying about as a recession is a very small numeric indicator. The numbers are fractions of a fraction of a percentage. The numeric indicators of a recession are well within the margin of error. Given the facts and the growth occurring, 2.6 percent at the moment, to say there is a recession based on numbers that very well may be in error is irresponsible.
The issues with gasoline? It is scarce. That should be no surprise since Peak Oil occurred in 2005. Scientists have been starting to get rid of the internal combustion engine for no other reason except there is a diminishing amount of petroleum. The dead dinosaurs have given up all they can. They were never infinite in numbers, okay?
In 2005, (click here) the year of Katrina, a gallon of gasoline in 2015 the dollar value was $2.74. The actual cost of gasoline in the 2005 dollar value was $2.30.
The Republicans were in charge in Washington when Peak Oil happened. They did nothing to tell the people of this country that burning fossil fuels had to end. See, Peak Oil never meant the petroleum would dry up in 2005, it meant that it was the peak of the commodity in volume. There would still be petroleum to pump out of the ground, but, in diminishing amounts. It looks to me as though that is occurring.
It really is time to get away from burning fossil fuels, because, there simply a diminishing supply and the USA should preserve it's capacity to serve the military.
October 24, 2022
...Just over a week ago, (click here) I had the opportunity to meet with my counterparts from across the world at the IMF and World Bank in Washington. We spoke about many topics. But one thing was clear: we are at an important moment for the global economy. In the United States, we are focused on transitioning our economy to stable and sustained growth. The U.S. economy retains significant strength. But inflation remains too high, and we are contending with serious global headwinds.
So today, I’ll focus first on our Administration’s policies to address the immediate challenges we’ve faced: those that led to a historically strong recovery and subsequently, our concerted actions to address high inflation and energy costs.
Then I’ll turn to our longer-run strategy of investments in the strength of the American economy. As we tackle our immediate challenges, we must not lose sight of what lies on the other side. The United States has long faced structural pressures that have held back our economic potential. But I believe our Administration’s recent legislative accomplishments position the United States to lead the global economy in the decades to come....
There is no recession. Why the high prices? Besides greed? There are some lingering supply chain issues. I don't know why, the USA needs to be self-sufficient in everything the country needs. I know Wall Street doesn't see it that way, but, they are heavily invested in foreign capital and it isn't with allies necessarily.
...Respondents listed global political unrest (58%) (click here), a lack of raw materials (44%), and rising fuel and energy costs (40%) as the top reasons supply chain challenges will continue this year. A third of respondents (31%) cited inflation as a major contributor. Looking ahead, respondents said the top three supply chain challenges in 2023 will be: reduced availability of raw materials in the United States (50%); a slowdown in construction of new homes (44%); and disruption to public transportation due to a lack of drivers (44%)....
The United States of America has to restock it's self-sufficiency. No Wall Street financial firm will lead in that direction and will not invest in that direction because they are too tied up in foreign interests.
...Anticipating those trends, business leaders say they expect e-commerce volumes to increase this season compared to last year (73%), and that they are prepared to focus on six strategies for selling their products: speed of delivery (64%); customer service excellence (57%); product availability (52%); sustainability credentials (47%); price reductions (42%); and “made in the U.S.” status (38%)....
At least 38 percent get it. That is only one third of business leadership that sees the handwriting on the wall. Basically, building and growing a business in communist countries is a huge mistake. And it certainly should not be viewed as the future of their company's growth. That is complete folly.
The answer to supply chain issues is not to import materials or finished products from hostile sources.
Right now Secretary Yellen is looking to Ohio, the manufacture state, to speak to leaders and citizens about revitalizing the manufacturing sector. President Biden has stated, to curb costs of goods to the American people there has to be healthy competition. At this point in the USA, it is more than healthy competition, it is a national defense strategy. Imagine the peace of mind all citizens will have as well as our allies, when they no longer have to accept communist countries as a source for materials and goods.
October 26, 2022
U.S. Treasury Secretary Janet Yellen will travel to Cleveland on Thursday (click here) to promote the Biden administration's economic initiatives aiming to revive U.S. manufacturing, especially in overlooked cities, the Treasury said.
In the latest of a series of campaign-influenced economic speeches ahead of Nov. 8 U.S. congressional elections, Yellen will discuss the growth of Ohio manufacturing brought about by recent legislation enabling hundreds of billions of dollars' worth of investments in infrastructure, semiconductors, research and clean energy technology....
October 26, 2022
Thank you all for joining me today. (click here) This is the second of six roundtables we are hosting on the Inflation Reduction Act’s climate and clean energy tax incentives.
I am looking forward to hearing from you about how we can accelerate the build-out of a clean energy economy.
As you know, the Inflation Reduction Act is the most significant investment in clean energy in our nation’s history. It puts President Biden’s climate goals within reach. At the same time, it creates jobs, saves households money, and strengthens our nation’s energy security.
To realize the promise of this law, we are working in tandem with all of you: utilities, project developers, manufacturers, organized labor, community organizations, and other critical actors who help supply the clean power our economy and our planet need.
As you all know, the Inflation Reduction Act provides the long-term clarity that clean energy developers have sought for years. We’d like to hear from you about how our guidance can help provide further certainty so that investments can move forward and our economy can realize the benefits as quickly as possible....
Hopefully, the governors of every state are looking at the future and building infrastructure that is smart and clean. I would be nice if they were all on the same page and pulling in the same direction.
The era of fossil fuels is ending. It makes sense. There is finite amount of petroleum and there needs to be a shift in the paradigm to ensure the future is safe and prosperous for all Americans, Europeans, Australians, New Zealanders, Japanese, South Korea and the friendly countries in Africa.
We need to take care of ourselves. There is no time to waste and there is plenty of opportunity and investment for Wall Street. The financial markets don't have to crash, they can actually transition into a framework of CERTAINTY. The lessons with Russia are profound and cannot be repeated.
