The recently-elected president of Argentina, Javier Milei, is turning to the values of America’s Founding Fathers to save his country, he tells Ben Shapiro.
“We have decided to embrace the values of the West,” Milei explains in a wide-ranging interview with Shapiro, Editor Emeritus of The Daily Wire. “And embracing the values of the West means embracing the Founding Fathers of the United States.”
Milei explains that the original Argentinian Constitution from the 1800s was fashioned after the U.S. Constitution, and the country.
“When that was implemented, Argentina ended up becoming a leading world power after having been a backwater,” the president said, explaining that the country began its decline only once Left-leaning and socialist ideologies took control. His triumph, Milei believes, is an opportunity for Argentina to return to its original values.
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“We need to embrace the values of freedom, which are ideas in the United States — even though in recent times they may have been degraded and some might have walked off the path,” he said. 
Milei is a strong supporter of strengthening relations between Argentina and the United States, as well as other countries that embrace freedom such as Israel. (Milei told Shapiro that Moses is the “greatest freedom hero of all time,” and that Israel still embodies Moses&#8217; spirit.)
An economist and politician, Milei assumed the presidency in December 2023 after running a media-savvy campaign focused on promoting capitalism, cutting government spending, and saving Argentina from decline. Milei emphasized that, despite the dire economic situation in Argentina, there is incredible optimism in Argentina that his policies will work. 
“70% of Argentines are convinced that we are going to put an end to inflation,” Milei said. “When you use one of these word clouds and ask people about their spontaneous feelings in Argentina, now, the word that most often comes up is hope.”
To create support and excite young people, Milei said his political rallies were modeled after rock concerts. 
“They were political rallies, but the format was more like a Rolling Stones concert, as I like the Rolling Stones,” he said. “One of the wonderful things is that at these rallies we had stands like a concert, with T-shirts, memorabilia, and different items. And there were stands with books.”
The former college lecturer says he realizes it&#8217;s not normal for a politician to captivate the attention of 20,000 to 30,000 people while speaking about economist Friedrich Hayek at a rally.
“Something was clearly on the way,” he told Shapiro, adding that he would tell himself he was just teaching a class about economics before rallies to gain confidence, because he was in such disbelief.
Milei said he began to believe during his campaign that Argentinian society was “maturing” and ready to discard socialism for capitalism.
“When you instead embrace the ideas of freedom, what happens is that you are elevated as a human being,” he says.
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When Shapiro asked Milei how he balances being an eloquent economist with the public image of someone with a chainsaw cutting away government bureaucracy, Milei compared himself to a soccer goalie, a “thankless” and “tough position” that requires a man with a “very bold personality.”
“Out of the 11 players on the team, the goalie is the only one that can use hands, and is the one who dresses differently. The goalkeeper also trains on their own,” he said. “Unlike the others, when they make mistakes, they are goals. It&#8217;s a very thankless position, because when a goalkeeper saves a goal, it&#8217;s tantamount to scoring a goal. When a forward scores a goal, it&#8217;s a goal. It&#8217;s a very tough position to be in and it requires a very bold personality.”
He cited how important that was when he was being  “violently attacked” by the Argentinian media during his race, including smears on his personal life and even his pets. 
“The gutter of the universe was in the media in Argentina, which was subservient to two huge party structures in order to destroy an individual,” he said. “But that strength that I had as a goalkeeper helped me stand, in addition to the spiritual support I got from my sister and my rabbi.”
Milei, claiming his popularity has grown, said if a run-off election were held today, he would win by an even larger margin.
“We were brave enough to tell the truth, and that&#8217;s why the political caste is at a loss,” Milei said. “They always deceived people, and they&#8217;ve always told them what they thought they wanted to hear.”
“We said to the people what we had to do in order to rise up from the bottom of the pit,” he said.
You can watch the <a href="https://bit.ly/3w11seq">full interview on DailyWire+</a>.

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Javier Milei Tells Ben Shapiro The Ideas Of America’s Founding Fathers Will Save Argentina

Argentina

Ben Shapiro

Economics

Javier Milei

Lisa Cook, governor of the US Federal Reserve. Photographer: Al Drago/Bloomberg

Trouble At The Fed: Investigation Into Lisa Cook’s Academic Record Raises Questions

Critical Race Theory

Federal Reserve

Plagiarism

A political action committee backing former President Donald Trump’s 2024 election campaign has rolled out a new website highlighting the dramatic increase in grocery prices since President Joe Biden took office. 
The <a href="https://www.biden-mart.com" target="_blank" rel="noopener">website</a>, which was created by Make America Great Again Inc, is called “Biden-Mart.&#8221; It allows visitors to compare the prices of fruits, vegetables, and meats at the end of Trump’s presidency to current prices under Biden. The website cites data from the U.S. Department of Agriculture from January 2021 and January 2024. 
“Every time you go grocery shopping you are reminded of the failure of &#8216;Bidenomics,&#8217;” Alex Pfeiffer, spokesman for MAGA INC, told The Daily Mail, which first <a href="https://www.dailymail.co.uk/news/article-13250027/trump-super-pac-biden-mart-grocery-shopping-expenses.html" target="_blank" rel="noopener">reported</a> on the website. “Joe Biden&#8217;s inflation is robbing hard-working Americans of their money.”
The interactive site allows people to compile their weekly grocery lists to “see how much more expensive your bill has become under Joe Biden.” Foods listed on the website include chicken, eggs, ground beef, potatoes, carrots, onions, oranges, milk, grapes, sweet corn, cheese, yogurt, butter, eggs, coffee, and other meats and vegetables. 
According to the website, some of the products with the most significant jumps under Biden include apples (111% increase per 2 pounds), boneless chicken thighs (91% increase per 2 pounds), ribeye steak (82% increase per pound), and ground beef (66% increase per 2 pounds). 
<div id="attachment_717279" style="width: 1034px" class="wp-caption alignnone"><img aria-describedby="caption-attachment-717279" decoding="async" loading="lazy" class="wp-image-717279 size-large" src="https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-1024x435.png" alt="" width="1024" height="435" srcset="https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-1024x435.png 1024w, https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-300x127.png 300w, https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-768x326.png 768w, https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-1536x653.png 1536w, https://dw-wp-production.imgix.net/2024/04/Screen-Shot-2024-04-01-at-10.34.47-AM-2048x870.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" />Screenshot: &#8216;Biden-Mart&#8217; website.</div>
Last month, the USDA said that food prices would likely continue to increase in 2024, but at a slower pace. In 2023, food-at-home prices, food purchased at grocery stores as opposed to food purchased at restaurants, increased by 5%, and those prices are expected to continue to tick up by 1.6% in 2024, <a href="https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/" target="_blank" rel="noopener">according</a> to the USDA. 
While Biden blamed corporations for increasing food prices, Trump said that Biden&#8217;s policies caused inflation. Biden has attacked several large companies over &#8220;shrinkflation,&#8221; saying that they have reduced the amount of product while prices remain the same. 
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“Likewise, the sight of a feeble Joe Biden talking about ‘shrinkflation’ — the term he uses — is one of the most ridiculous things this country has ever seen,” Trump <a href="https://www.washingtonexaminer.com/news/2908660/state-of-union-trump-biden-border-inflation-prebuttal-video/" target="_blank" rel="noopener">said</a> ahead of Biden’s State of the Union last month. “Shrinkflation is just another way of saying inflation — it means that you’re losing a lot of money because these people don’t know what they’re doing.”
“Under my leadership, there was no inflation. We had the greatest economy in the history of the world,” Trump said. “It’s time to tell crooked Joe Biden, ‘You’re fired.’”

US-POLITICS-BIDEN

Trump PAC Launches Interactive Website To Show How Food Prices Have Skyrocketed Under Biden

2024 Election

Donald Trump

Elections

Executive

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Inflation

Joe Biden

Politics

Trump 2024

It is now cheaper to rent than to buy property.
Thanks to rising house prices and mortgage rates, renting a two-bedroom residence is cheaper than buying that property for about 89% of Americans, <a href="https://web.archive.org/web/20231128140139/https://www.economist.com/graphic-detail/2023/11/28/is-it-cheaper-to-rent-or-buy-property" target="_blank" rel="noopener">according</a> to an analysis by The Economist.
Back in 2020, that was true for only 16% of Americans.
For about a decade until 2020, the typical house mortgage payment was about 12% cheaper than renting a similar property with the national average deposit of 13%.
Since then, however, house prices have spiked 40%, and mortgages have risen from 3.1% to 7.3% for the average 30-year fixed-rate mortgage. This has caused nominal mortgage payments to more than double.
Housing costs <a href="https://www.cnbc.com/select/housing-prices-record-high-consider-a-small-down-payment/" target="_blank" rel="noopener">are</a> currently at a record high, up 3.9% year over year in September. The median house price was $278,200 back in August, 2019, <a href="https://www.cnn.com/2023/10/11/economy/housing-market-bubble-sheila-bair/index.html" target="_blank" rel="noopener">according</a> to the National Association of Realtors. By August of this year, the median price had skyrocketed to $407,100.
Meanwhile, rents have only risen about 20% since 2020.
The housing crash that many potential home buyers <a href="https://www.inman.com/2023/11/28/35-of-americans-hope-the-housing-market-will-crash-in-2024/" target="_blank" rel="noopener">hope</a> for does not look likely to happen. About 35% of Americans are hoping the market will crash in the next year, according to LendingTree&#8217;s latest consumer survey.
However, house prices are expected to continue increasing into 2025, and mortgage prices are expected to dip but not by much, according to economists with Goldman Sachs.
Rent prices will likely remain about the same due to many newly built apartment buildings and low demand.
Because of all this, homeowners are reluctant to sell their homes and lose the lower mortgage rates they locked in during less expensive years.
Another issue for buyers is an inventory shortage of homes.
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&#8220;We’ve got a big hole to dig out of,&#8221; Realtor.com chief economist Danielle Hale <a href="https://www.foxbusiness.com/real-estate/us-housing-market-has-big-hole-dig-out-realtor-com-chief-economist-says" target="_blank" rel="noopener">said</a> Wednesday on Fox Business.
&#8220;We do expect to see single-family construction tick up next year by about 0.4%. So not a huge gain, but construction right now is on the upper end of what we&#8217;ve seen it do over the last, really since 2012,&#8221; Hale said.
Meanwhile, spiking inflation is making it harder for Americans to save for a down payment on a house even if they want to buy property at today&#8217;s record-high prices.
More than half of Americans, 53%, say they either have just enough money or cannot meet their expenses, up from 44% in 2019, CBS News polling from September <a href="https://www.dailywire.com/news/americans-need-over-11k-more-to-keep-2021-standard-of-living-report" target="_blank" rel="noopener">showed</a>.
About 75% of people described the economy as poor, <a href="https://apnews.com/article/economy-inflation-prices-jobs-income-recession-unemployment-e9e96643d8a1eb3ab2f57810219b8324" target="_blank" rel="noopener">according</a> to a poll last month from the Associated Press-NORC Center for Public Affairs Research.

House for Sale by Owner, Forest Hills, Queens, New York

It’s Now Often Cheaper To Rent Than Buy Property

It's Now Often Cheaper To Rent Than Buy Property

Biden Administration

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U.S.

Top allies of President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> are reportedly urging him to ditch the “Bidenomics” message as the president’s approval on the economy continues to drag.
The <a href="https://www.dailywire.com/topic/white-house" target="_blank" rel="noopener">White House</a> has sold its economic agenda to voters as “Bidenomics,” trying to take advantage of a post-pandemic return to normalcy after widespread shutdowns put millions of Americans out of work. The economic recovery has dragged, however, under high inflation and interest rate hikes by the Federal Reserve.
Now, top Biden allies are attempting to persuade the White House to ditch the “Bidenomics” tagline as polls show ugly returns for Democrats on economic issues.
“With all due respect to the president, to the White House, this is not so much about them as it is the people who are benefiting by the policies that they came out and demanded,” Rep. Steven Horsford (D-NV), chair of the Congressional Black Caucus, said, according to <a href="https://www.politico.com/news/2023/09/29/white-house-bidenomics-failure-00118949" target="_blank" rel="noopener">POLITICO</a>. “We have to do a better job framing this not so much for one person — for the office of the presidency — but for the people.”
Progressive Policy Institute President Will Marshall said that the Biden administration’s economic message is not selling. The White House needs to change its tack to find a more promising line as Democrats prepare for the 2024 elections.
“At this point, Bidenomics doesn’t really have strong answers to people’s biggest worries,” Marshall said. “There ought to be a lot of thinking in the White House now about changes in the way they present their case for the economic good that this administration has done.”
On Tuesday, a NBC News poll <a href="https://www.dailywire.com/news/americans-favor-gop-to-democrats-on-economy-by-widest-margin-ever-in-poll" target="_blank" rel="noopener">showed</a> Republicans with the largest edge over Democrats on Americans’ perception of economic issues ever in the history of the poll.
The poll, taken from September 15-19, found that 49% of Americans favor Republican economic policy as opposed to 28% who favor Democrat policy. The poll also found Republicans with an advantage in a slate of other top issues.
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Republicans lead Democrats beyond the margin of error on the issues of border security (50% for Republicans-20% for Democrats), crime (46%-20%), immigration (45%-27%), and protecting constitutional rights (43%-35%). Democrats held sizable leads on the issues of education (30%-40%), coronavirus (26%-37%), abortion (28%-46%), and healthcare (22%-45%).
“On this survey after 20 or 30 years, Republicans dealing with the economy [versus Democrats], immigration and crime are all at their all-time highs,” Republican pollster Bill McInturff said.
“The other thing that is maybe not expected is these phrases: ‘protecting our constitutional rights’ and ‘protecting democracy.’ These are things where overall the electorate thinks Republicans are more focused and would do a better job than Democrats,” he continued.

Top Biden Allies Want President To Ditch Flagging ‘Bidenomics’ Message

Americans&#8217; average household income dropped in 2022 for the third straight year as President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> continues to paint a rosy economic picture.
The average household income in the U.S. fell from $76,330 in 2021 to $74,580 in 2022, a decline of 2.3%, <a href="https://www.census.gov/newsroom/press-releases/2023/income-poverty-health-insurance-coverage.html?utm_campaign=20230912mspios1ccpuprs&amp;utm_medium=email&amp;utm_source=govdelivery" target="_blank" rel="noopener">according</a> to new data from the U.S. Census Bureau. The decline comes as inflation has remained high and food and transportation costs continue to be high.
“Income estimates are expressed in real or 2022 dollars to reflect changes in the cost of living. Between 2021 and 2022, inflation rose 7.8%; this is the largest annual increase in the cost-of-living adjustment since 1981,” the Census Bureau said in a press release.
According to the bureau, the decline in income targeted those under the age of 65, while those 65 and older “did not experience a significant change in median income between 2021 and 2022.”
The 2022 decline in income may prove problematic for Biden, who has attempted to sell Americans on his policy of “Bidenomics.”
&#8220;&#8216;Bidenomics’ is a blue-collar blueprint for America. It’s for you,” Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/09/04/remarks-by-president-biden-celebrating-labor-day-and-honoring-americas-workers-and-unions/" target="_blank" rel="noopener">said</a> in a Labor Day speech last week. “As I said a thousand times, there is no quit in America. None. All I hear from my friends on the other side, what they say is wrong with America. They keep telling us America is failing. They’re wrong. I’ve got news for them. America has the strongest economy in the world right now, today.”
While inflation in 2023 has remained below 2022 levels, Americans are continuing to pay high prices for gas and basic food goods. The <a href="https://www.dailywire.com/news/food-prices-set-to-increase-above-historical-average-govt-analysis" target="_blank" rel="noopener">latest numbers</a> from the Producer Price Index and the Consumer Price Index also indicate that food prices will continue to remain higher than average through the end of 2023 and into 2024.
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According to <a href="https://www.wsj.com/politics/policy/voters-feel-better-about-the-economy-but-few-credit-biden-polls-find-3c7d98c9?mod=article_inline" target="_blank" rel="noopener">recent polling</a> from the Wall Street Journal, while some Americans say that the economy is improving, many are still skeptical of Biden’s economic policies. About three in five Americans say that Biden has not handled the economy well, while 63% say he has handled inflation poorly, according to the Journal.
Biden’s team has pointed to declining inflation and low unemployment numbers as positive signs for the economy.
“They can go out and talk about this stuff all they want, these voters aren’t hearing it, or they’re not believing it,” Republican strategist Tony Fabrizio told the Journal. “They are certainly not buying it.”

Close up on man’s hand holding twenty dollar bill, US currency, cash

Americans’ Household Income Dropped In 2022 For Third Year In A Row: Census Bureau

Americans' Household Income Dropped In 2022 For Third Year In A Row: Census Bureau

Chairman of the <a href="https://www.dailywire.com/topic/federal-reserve" target="_blank" rel="noopener">Federal Reserve</a> Jerome Powell hinted that more interest rate hikes may be coming during a speech in Jackson Hole, <a href="https://www.dailywire.com/topic/wyoming" target="_blank" rel="noopener">Wyoming</a>, on Friday.
Powell along with other central bank officials and finance and economics experts met for the annual Jackson Hole Economic Symposium last week to discuss the state of the economy and the Federal Reserve’s efforts to curb inflation. He said the U.S. may not have hit its interest rate peak yet.
“We have tightened policy significantly over the past year. Although inflation has moved down from its peak — a welcome development — it remains too high,” Powell <a href="https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm" target="_blank" rel="noopener">said</a>, according to a transcript of his remarks. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”
In order to rein in inflation to the Federal Reserve’s 2% target rate, the central bank has hiked the federal funds rate to 5.5%, the highest rate in over two decades. The Fed has also used its economic levers to pull money out of circulation in order to tamp down on economic activity and slow inflation. Despite its efforts, the economy continues to hum faster than expected, Powell said.
“So far this year, GDP growth has come in above expectations and above its longer-run trend, and recent readings on consumer spending have been especially robust. In addition, after decelerating sharply over the past 18 months, the housing sector is showing signs of picking back up,” the chairman said. “Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy.”
Powell’s uncertainty about the future of the American economy was seconded by other top central bank officials and experts at the conference.
Kristin Forbes, a professor at the Massachusetts Institute of Technology, said that the Fed’s current position is similar to a hiker attempting to summit a mountain when the trail has disappeared.
“You know where you want to go. You know where the summit is, but there are no more markers and you have to feel your way,” Forbes told <a href="https://www.wsj.com/economy/central-banking/why-central-bankers-are-unsure-whether-theyve-raised-rates-enough-aa57c648" target="_blank" rel="noopener">The Wall Street Journal</a>. “And even though you’ve covered most of the distance, that can be the hardest part. It’s steeper. It’s rockier.”
Cleveland Fed President Loretta Mester said the central bank is close, but it may need to raise interest rates at least one more time before it hits the peak.
“We are very close to a good point, and then we’ll let the economy tell us” when interest rates can start to come back down again, she told WSJ.

Jerome Powell

Inflation Still ‘Too High’ To Consider Cutting Interest Rates, Fed Chair Says

Wyoming

It’s time to give three cheers for Bidenomics … and suppurating fungal infections of the testicles, and possibly bunions. President and Venal Houseplant Joe Biden has been taking time out from quietly decomposing on the beach this summer to tout the administration’s signature economic program, which has been a boon to every patriotic American who loves Mom and Apple Pie after all the other food has run out.
Now some of you have written to me to say, “Golly gee, Hot Gandalf, with the yearly deficit up nearly 40% since government experts ruined every single thing for no reason during the pandemic, with prices up nearly 16% since the last election was rigged by corrupt news media and intelligence agencies, and with hourly wages down 5% not to mention how high gas prices would be if I hadn’t been forced to abandon my empty car by the side of the road, how can the president say his economic policies are working when all this time I thought he was dead?”
Well, to answer your questions quickly so I can get back to obsessively watching the Jennifer Lawrence nude scene from &#8220;No Hard Feelings,&#8221; I’ve decided to provide you with this handy Bidenomics Q&amp;A:
Q: What is Bidenomics?
A: Some of you may remember Reaganomics, when President Reagan cut taxes and regulations so that businesses could grow and hire workers who could then buy stuff from small businesses, so that everyone was making money and could have vacations which brought wealth to tourist locations where they hired even more workers for more money and everyone was prosperous and happy and singing and dancing around in celebration and delight. Well, that was no good.
So now we have Bidenomics, where the government gives money to their friends who invest in clean fuel like fairy dust and unicorn manure. These public subsidies, technically known as graft or peculation, will be used to build gigantic windmills that create power by slaughtering birds so the birds don’t block the sun and the sun can shine on solar batteries which then provide energy and create wonderful new jobs until night falls and the entire fantastical contraption vanishes into the imaginations of the same experts who ruined everything during the pandemic.
This way, instead of trickle down economics, where people with money buy goods and services from people who need money, you now have trickle up economics where people with no money sit around wishing they had money like the rich climate conmen who live in the Cayman Islands to avoid paying taxes to the climate conmen in government so that the government has no money which it then gives to the people with no money so that they now have as much money as the government, which is minus $32 trillion.
Q: Wait a minute. You’re saying, under Bidenomics, no one has any money?
A: No, no, no. If you have no money, you can&#8217;t afford to buy anything. So the government prints money, which of course is worthless, so that prices go up, so you can’t afford to buy anything.
Q: If I can’t afford to buy anything, how do I eat?
A: Well, it’s true that, under Bidenomics, there are some things you can’t eat, like meat or bread or food, but you can eat other good things, like your memories or the dog. You can also eat Skittles if you’re a black trans person who might enjoy being castrated and having diabetes.
Q: Wow, that sounds really great. Is Bidenomics the reason gas prices are going up as well?
A: No, that’s because of climate change. You see, 100,000 years ago, there was an ice age, and glaciers covered the country. Then, about 25,000 years ago, the climate turned warm because too many pre-historic poor people were driving Flintstone-powered cars. That’s when the glaciers melted and became the Great Lakes and John Kerry had to fly his wife’s private plane to Switzerland to make sure nothing like that would ever happen again and to get in some skiing. So now gas prices are almost $4 a gallon, except in California, where a gallon is $7, but with each full tank you get a free homeless person.
Q: Now that you’ve explained Bidenomics, I think things were better under Donald Trump. Why shouldn’t I just vote for him?
A: Because unfortunately Donald Trump is under indictment.
Q: But if things were better under Trump, why was he indicted?
A: That is why.
* * *
Andrew Klavan is the host of “<a href="https://www.dailywire.com/show/the-andrew-klavan-show" target="_blank" rel="noopener">The Andrew Klavan Show</a>” at The Daily Wire. He is an award-winning novelist, Hollywood screenwriter, and popular satirist. Klavan is the author of “<a href="https://www.amazon.com/When-Christmas-Comes-Andrew-Klavan/dp/1613162405/ref=pd_bxgy_sccl_2/132-9473875-2662038?pd_rd_w=x29DZ&amp;content-id=amzn1.sym.26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_p=26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_r=X7J7YCZYPAH29407AXTY&amp;pd_rd_wg=M65Ef&amp;pd_rd_r=c2bb5bb5-dd27-434d-9ca1-f2098f486a81&amp;pd_rd_i=1613162405&amp;psc=1" target="_blank" rel="noopener">When Christmas Comes</a>” and “<a href="https://www.amazon.com/Strange-Habit-Mind-Cameron-Mysteries/dp/1613163517/ref=pd_bxgy_sccl_1/132-9473875-2662038?pd_rd_w=lnVGk&amp;content-id=amzn1.sym.26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_p=26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_r=13RV0285EXYKN2D57RST&amp;pd_rd_wg=jW34u&amp;pd_rd_r=e0bb3c70-62ea-4448-8be5-a7cf1bba3f5e&amp;pd_rd_i=1613163517&amp;psc=1" target="_blank" rel="noopener">Strange Habit of Mind,</a>” the first two novels in the USA Today best-selling Cameron Winter Mystery series. The third installment, “<a href="https://www.amazon.com/House-Death-Cameron-Winter-Mysteries-ebook/dp/B0BW1ZTVP9?ref_=ast_author_dp" target="_blank" rel="noopener">The House of Love and Death</a>,” releases on October 31, 2023, and is now available for <a href="https://www.amazon.com/House-Death-Cameron-Winter-Mysteries-ebook/dp/B0BW1ZTVP9?ref_=ast_author_dp" target="_blank" rel="noopener">Pre-order</a>.
Follow Klavan on Twitter: @andrewklavan
This excerpt is taken from the opening satirical monologue of “<a href="https://www.dailywire.com/episode/ep-1144-the-andrew-klavan-show" target="_blank" rel="noopener">The Andrew Klavan Show.</a>”
The views expressed in this satirical article are those of the author and do not necessarily represent those of The Daily Wire.

US-POLITICS-ECONOMY-BIDEN

Three Cheers For Bidenomics! And Bunions!

Andrew Klavan

Readers Pass

Satire

Bidenomics, baby! That&#8217;s the term the <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration</a> is &#8220;quite proud&#8221; of, but that nobody is able to define. Or, perhaps they are able to explain it, but avoid providing particulars about what it means because doing so would pop any illusion that the president&#8217;s economic and &#8220;cost-saving&#8221; policies are working.
For example, remember that gas stove crackdown that the Department of Energy Secretary Jennifer Granholm has long touted as being necessary to save energy and money for the American people? Well, the Department of Energy recently revised its expectations for exactly how much the average American would save under new rules, which would effectively ban nearly 50% of gas stoves off the market.
Under &#8220;Bidenomics,&#8221; consumers could save nine cents a month by ditching their gas stoves. That means you would save just shy of $11 over the next decade.
Why the change?
Well, according to the Association of Home Appliance Manufacturers (AHAM), the professionals at DOE had their initial data wrong.
&#8220;The changes in energy savings projected by DOE primarily result from DOE recognizing that the currently available cooking products are more efficient than its earlier analysis assumed,&#8221; AHAM <a href="https://www.foxnews.com/politics/biden-admin-quietly-revises-gas-stove-analysis-reduces-projected-benefits" target="_blank" rel="noopener">told</a> Fox News.
This lesson really serves as another prime example of why it&#8217;s good to question the experts — despite the Biden administration&#8217;s admonishment not to do so.
Central planners like Granholm and the gang so often overemphasize a problem and upsell the promise of their solutions only to &#8220;quietly&#8221; tamp down expectations once the spotlight is focused on something else — such as the <a href="https://www.dailywire.com/news/thanks-joe-incandescent-light-bulb-ban-goes-into-effect-this-week" target="_blank" rel="noopener">DOE&#8217;s incandescent lightbulb ban</a>. Don&#8217;t worry, the DOE promises that, too, will be better for you and me. No questions asked, and thank the government, they tell us.
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Of course, some penny pinchers out there might welcome this news. If you kept the 16 cents you saved thanks to Biden at your July 4th family barbecue in 2021, then you now have 25 cents in the bank. That means you just need <a href="https://www.forbes.com/home-improvement/kitchen/induction-cooktop-buying-guide/#:~:text=Expensive%3A%20Induction%20stoves%20start%20around,sacrifice%20some%20performance%20and%20capability." target="_blank" rel="noopener">roughly $999.75 more to buy one of the induction stoves</a> the Biden administration loves to tout.
Bidenomics: Spends hundreds to save pennies!
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Jennifer Granholm

Bidenomics! Gas Stove Crackdown Would Save Americans 9 Cents Per Month

Bidenomics! Gas Stove Crackdown Would Save You 9 Cents Per Month

Energy

Gas stoves

Joe Biden has been out and about talking about the rebound of the U.S. economy and the “wins” so-called Bidenomics is creating for America. Television economic pundits did cartwheels earlier this month as new inflation data showed the June Consumer Price Index had fallen to 3.0%, with core CPI up 4.8%, per the <a href="https://www.bls.gov/cpi/" target="_blank" rel="noopener">Bureau</a> of Labor Statistics. While this is good news for Americans, these numbers do not tell the entire story, nor do they reflect the struggle citizens are facing every day.
To begin, one must remember that the CPI measures year-over-year inflation, meaning that the June number of 3.0% was 3.0% higher than the number in June 2022. Forgotten by most of the talking heads on television is that the June 2022 <a href="https://www.dol.gov/newsroom/economicdata/cpi_07132022.pdf" target="_blank" rel="noopener">CPI</a> was 9.1% — meaning that prices in June 2023 were, on average, 12.1% higher than they were just two years ago. This means that in 2023, a family with an income of $100,000 had the purchasing power of a family making just under $88,000 two years previously.
There is financial danger lurking as credit card debt increases, high interest rates preclude the purchase of homes and cars, and consumers are having a harder time obtaining credit.
Credit card <a href="https://www.foxbusiness.com/economy/credit-card-debt-rising-double-edged-sword-economy" target="_blank" rel="noopener">debt</a> reached a record high of $993 billion in early July 2023, at a time when the average credit card interest rate topped 24%. The credit card interest rate will almost certainly rise later this month as the Federal Reserve is expected to increase interest rates by 0.25% at it’s meeting in late July.
Some pundits believe that increasing credit card debt is a sign that people believe the economy is strong and that they are comfortable taking on additional debt. I disagree. 60% of credit card holders have been carrying <a href="https://catalyst.independent.org/2022/09/22/government-causing-credit-card-debt/?gclid=Cj0KCQjwn_OlBhDhARIsAG2y6zNQIoZij5TXjNC2ibkKunklxZQlfz7Ky8c9eVV5Q0TY0oPrDVS6euoaAoqaEALw_wcB" target="_blank" rel="noopener">balances</a> on their card for at least a year, up 10% from 2021. 59% of Americans who earn less than $50,000 a year carry a credit card balance from month to month. These people aren’t using credit cards to purchase tickets to Hawaii and new TVs, they are using their cards to pay for groceries and to cover their rent or utility bills and paying 24% interest for the privilege of doing so.
Existing <a href="https://www.bankrate.com/real-estate/existing-home-sales/" target="_blank" rel="noopener">home sales</a> were down 3.3% in June, a reduction of nearly 19% compared to June 2022. This should not be a surprise as <a href="https://www.bankrate.com/mortgages/30-year-mortgage-rates/" target="_blank" rel="noopener">mortgage</a> rates are currently at 7.24% for a 30-year fixed mortgage. People simply cannot afford to sell their homes and relocate. This makes sound economic sense. No one owning a home with a 2.5% fixed mortgage rate wants to sell their home and relocate, given the extra cost they would incur to purchase a similarly valued home at 7.24%. This phenomenon is precluding many potential first-time home buyers from making that purchase and, in turn, is driving <a href="https://www.usatoday.com/story/money/2023/07/19/us-metros-states-with-rent-increases/70425895007/" target="_blank" rel="noopener">rental rates</a> upwards. In addition, it is making it harder for businesses to fill key needs as fewer potential employees are willing to relocate for a new job.
Unfortunately, many Americans can no longer pay their bills as both foreclosures and auto repossessions continue to rise. In May, the U.S. Foreclosure Market Report “found 35,196 American properties with <a href="https://finance.yahoo.com/news/foreclosures-rising-experts-means-housing-180030618.html" target="_blank" rel="noopener">foreclosure</a> filings … a 7% increase from April, but twice that much from 2022,” according to Go Banking Rates. In March, the last data available, the percentage of <a href="https://www.motor1.com/news/664132/delinquent-car-loans-repos-rising/" target="_blank" rel="noopener">delinquent</a> subprime auto loans increased to 5.3%, and repossessions will top 1.5 million this year.
It&#8217;s getting even harder for people to be approved for loans of all types, ranging from credit cards to auto loans. A recent New York Federal Reserve <a href="https://www.msn.com/en-us/money/personalfinance/borrowers-are-getting-rejected-for-loans-at-the-highest-rate-in-5-years/ar-AA1e4Yh2?ocid=msedgntp&amp;cvid=da7e37617c5c4986802b6f1c5817e305&amp;ei=29">survey</a> found that the “overall rejection rate for credit applications increased to 21.8% year-over-year in June,” the highest level since June 2018. This is a bad sign for the economy as it shows major <a href="https://www.msn.com/en-us/money/realestate/more-americans-rejected-for-loans-just-as-they-may-be-feeling-tapped-out-fed-survey-shows/ar-AA1dZL8Y?ocid=msedgntp&amp;cvid=c590680289aa4e0ae2b3ecf8cd7d0e86&amp;ei=123" target="_blank" rel="noopener">banks</a> are setting aside more money to cover bad consumer loans.
So, while President Biden and economic talking heads gush over the reduced rate of inflation, every day, hard working Americans are struggling under unprecedented levels of debt and the inability to obtain the credit to address it. Americans are hurting, and their hurt is being ignored.
Jim Nelles is a Navy veteran and supply chain consultant based in Chicago. His articles have appeared in the Washington Examiner, Newsweek, Foxnews.com, and The Daily Wire. He has served as a chief procurement officer, chief supply chain officer, and chief operations officer for multiple companies.
The views expressed in this piece are those of the author and do not necessarily represent those of The Daily Wire.

foreclosure sign, real estate

Repos And Foreclosures On The Rise, But Bidenomics Is Working

Automobiles

credit card

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The Daily Wire

Top 7 Daily Wire Deals You Need To Have — Available For A Few Days Only

Daily Wire

Jeremy Boreing

Jeremy's Chocolate

Jeremy's Razors

Michael Knowles

Wokeness

Leftist allies of Chicago&#8217;s new Mayor Brandon Johnson have proposed a budget plan that would tax the rich and businesses, and would effectively defund police in a city already nearly crippled by crime.
The <a href="https://acrecampaigns.org/research_post/first-we-get-the-money/" target="_blank" rel="noopener">budget plan</a> was proposed by ACRE, the Action Center on Race and the Economy, in conjunction with the People&#8217;s Unity Platform and is titled &#8220;$12 Billion for a Just Chicago.&#8221; The first page begins with step one of the plan: &#8220;First we get the money.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The plan also calls for eliminating all current vacant positions at the Chicago Police Department AND cutting the CPD budget by 9%.
&mdash; Tom Bevan (@TomBevanRCP) <a href="https://twitter.com/TomBevanRCP/status/1658850985874190346?ref_src=twsrc%5Etfw">May 17, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
One of the plan&#8217;s authors, Saqib Bhatti, was a member of Johnson&#8217;s transition team.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Big congratulations to ACRE&#39;s <a href="https://twitter.com/snbhatti?ref_src=twsrc%5Etfw">@snbhatti</a> &amp; <a href="https://twitter.com/FREEwrites_?ref_src=twsrc%5Etfw">@FREEwrites_</a> for being named to two transition subcommittees for mayor-elect Brandon Johnson &amp; working toward a stronger, more equitable, safer Chicago. <a href="https://t.co/oZPZr0tUFI">https://t.co/oZPZr0tUFI</a>
&mdash; ACRE (@ACREcampaigns) <a href="https://twitter.com/ACREcampaigns/status/1653044102940819459?ref_src=twsrc%5Etfw">May 1, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
ACRE touted the budget plan in a tweet claiming it would &#8220;reimagine everything in the city from policing to climate justice, housing &amp; more.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
🚨🚨🚨 New report alert! 🚨🚨🚨
Learn how a moral budget for Chicago would reimagine everything in the city from policing to climate justice, housing &amp; more: <a href="https://t.co/o9Q4pWm11R">https://t.co/o9Q4pWm11R</a> <a href="https://t.co/fW7zCn0BS5">pic.twitter.com/fW7zCn0BS5</a>
&mdash; ACRE (@ACREcampaigns) <a href="https://twitter.com/ACREcampaigns/status/1658865069222944774?ref_src=twsrc%5Etfw">May 17, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The <a href="https://acrecampaigns.org/wp-content/uploads/2023/05/First-We-Get-the-Money.pdf" target="_blank" rel="noopener">budget plan</a> calls for $12 billion in new taxes — which would reportedly come in part from reducing the Chicago Police Department <a href="https://news.wttw.com/2023/01/02/sparing-residents-tax-hikes-months-election-chicago-s-2023-budget-takes-effect#:~:text=The%20Chicago%20Police%20Department%27s%20budget,a%20total%20of%20%241.94%20billion." target="_blank" rel="noopener">budget</a> ($1.94 billion in 2023) by 9%, or approximately $175 million. The city would also eliminate all current police department vacancies – which, <a href="https://chicago.suntimes.com/city-hall/2022/8/31/23331411/cpd-chicago-police-vacancies-detectives" target="_blank" rel="noopener">in August of 2022</a>, amounted to over 900 patrol officer vacancies and over 100 detective vacancies.
Corporations — or any business with at least 50 employees — would face a &#8220;head tax&#8221; of $33 per employee, which the report estimated would bring in $106 million in new revenue. Anyone making more than $100,000 would face an additional 3.5% income tax – totaling approximately $1.2 billion. The city&#8217;s top 10% of earners would also get hit with a .4% wealth tax – amounting to $960 million annually.
A real estate transfer tax on transactions of over $1 million — which the report states would generate $1.63 million in revenue — would be used to fund housing projects that the report claims would &#8220;eliminate homelessness.&#8221;
The plan also demanded that Chicago refuse to use any federal money to fund law enforcement or Wall Street interests, arguing that investing that money in public housing would contribute more to community safety.
The conclusion, according to ACRE, was that the city&#8217;s budget had to be approached from a morality standpoint – and that previous budgets had not done so to their satisfaction.
<a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent">CLICK HERE TO GET THE DAILY WIRE APP</a>
&#8220;A city budget is a moral document. A moral budget should reflect residents’ priorities and needs. The challenges Black and Brown communities in Chicago are facing today are a direct reflection of the immoral budgets that mayors and alderpeople have imposed on residents for decades,&#8221; the report stated, claiming that Chicago&#8217;s policing system had always been &#8220;racist&#8221; and had not contributed to safer communities.

Brandon Johnson Is Sworn In As The 57th Mayor Of Chicago

‘First We Get The Money’: Chicago’s New Mayor Linked To Wild Budget Proposal That Attacks Businesses And Cops

Chicago's New Mayor Linked To Wild Budget Proposal That Attacks Businesses And Cops

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