Daily Broadside | Economy Implodes While Old Man Mumbles About How Great It Is

Daily Verse | Job 10:18-19
“Why then did you bring me out of the womb? I wish I had died before any eye saw me. If only I had never come into being, or had been carried straight from the womb to the grave!”

Friday’s Reading: Job 11-14
Saturday’s Reading: Job 15-17

It’s Friday and the completion of another trip around the drain here in the Land of Brandon. Things are not looking good, my friends, as we stare a global food shortage in the face and it’s likely millions will die, especially in third-world countries where people are living on less than a dollar a day. We’ll face some shortages and inflated prices here in the U.S, but most of us will be able to navigate the financial tsunami even while the government takes its pound of flesh while doing nothing to alleviate the pain.

Equity and all that, prol.

As many predicted, Q1 GDP is worse than thought, down 1.5 percent.

First-quarter gross domestic product declined at a 1.5% annual pace, according to the second estimate from the Bureau of Economic Analysis. That was worse than the 1.3% Dow Jones estimate and a write-down from the initially reported 1.4%.

Downward revisions for both private inventory and residential investment offset an upward change in consumer spending. A swelling trade deficit also subtracted from the GDP total.

The pullback in GDP represented the worst quarter since the pandemic-scarred Q2 of 2020 in which the U.S. fell into a recession spurred by a government-imposed economic shutdown to battle Covid-19. GDP plummeted 31.2% in that quarter.

I’m old enough to remember when we were assured that inflation was just a passing phase and recession wasn’t a thing to worry about.

One factor helping to propel growth is a resilient consumer fighting through inflation that accelerated 8.3% from a year ago in April.

“Fighting through inflation” by … spending? How long do you think that will last as Americans blow through their paychecks faster on things like, say, gasoline? Not much discretionary cash left over for remodeling the house or buying the new transgender Barbie doll.

Plus, consumer confidence is tanking.

The University of Michigan consumer sentiment for the US fell to 59.1 in May of 2022, the lowest since August of 2011, from 65.2 in April and below market forecasts of 64, as Americans remained concerned over the inflation. The current economic conditions index fell to 63.6, the lowest in 13 years while the expectations gauge sank to 56.2 from 62.5. The median expected year-ahead inflation rate was 5.4%, remaining near a four-decade high for the last three months. To make things even worst, the index of buying conditions for durable goods, such as household appliances, fell to the lowest level since the survey began in 1978.

The adults are back in charge, baby!

Although Americans aren’t all that impressed with the adults. Sixty percent of Americans disapprove of the current Resident. Okay, really, it’s 59 percent, but what’s a point here or there?

U.S. President Joe Biden’s public approval rating fell this week to 36%, the lowest level of his presidency, as Americans suffered from rising inflation, according to a Reuters/Ipsos opinion poll completed on Tuesday.

The two-day national poll found that 59% of Americans disapprove of Biden’s job performance. His overall approval was down six percentage points from 42% last week.

Biden’s approval rating has been below 50% since August, raising alarms that his Democratic Party is on track to lose control of at least one chamber of Congress in the Nov. 8 midterm election.

In a sign of weakening enthusiasm among Democrats, Biden’s approval rating within his own party fell to 72% from 76% the prior week. Only 10% of Republicans approve of his job in office.

Behold, 81 kA-ziLLiOn VoTEs!

As low as Biden’s overall approval rating is, it remains higher than the lows of his predecessor, Donald Trump, whose approval rating bottomed out at 33% in December 2017.

At least he’s more popular than Trump! And best of all — NO MoAR MeeN TwEEtS!

And besides, totally not his fault, says the totally not biased fairly unbalanced Reuters staff writers.

This year, Biden has been dogged by a surge in U.S. consumer prices, with Russia’s invasion of Ukraine helping drive fuel prices higher and global supply chains still hindered by the COVID-19 pandemic.

He’s been HOUNDED, I tell you. Hounded by that totally autonomous “surge” in those evil right-wing conspiratorial “consumer prices” and them evil Ruskies whose invasion has increased the cost of gas and … oh, wait. They forgot to mention that Brandon shut down the Keystone Pipeline on Day One and has banned drilling on federal land and killed fracking and is letting drilling permits off the coast of Alaska expire even though we have as much oil as we need literally beneath our feet because … climate change!

But this is a good thing. You guys just don’t understand.

“[When] it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” [Brandon] said during a press conference in Japan following his meeting with Prime Minister Fumio Kishida.

“God willing.”

The [R]esident then insisted that his administration’s actions, rather than increasing the price of gas, had actually been able to “keep it from getting worse — and it’s bad.”

He’s a hero, you understand. Like in the Marvel universe.

I just can’t understand why his numbers are down.

I just can’t.

Have a good weekend.

Daily Broadside | Your Fast Approaching Horrible, No Good, Very Bad Destiny Courtesy of Brandon

Daily Verse | 2 Samuel 3:36
All the people took note and were pleased; indeed, everything the king did pleased them.

Monday’s Reading: 2 Samuel 5-7

Monday and here’s a few tidbits to be aware of.

Sen. Joe Manchin (D-Not Conservative) will vote to confirm Non-Biologist and Radical Jurist Ketanji Brown Jackson to the Supreme Court.

“Just as I have with previous Supreme Court nominees, I met with Judge Jackson and evaluated her qualifications to be a Supreme Court Justice. After meeting with her, considering her record, and closely monitoring her testimony and questioning before the Senate Judiciary Committee this week, I have determined I intend to vote for her nomination to serve on the Supreme Court.”

When Manchin opposed the Build Better Bolsheviks plan under Brandon, there was talk of him joining the Republican Party. But someone who would vote for a woman who can’t say what a woman is to the highest court in the land after “closely monitoring her testimony and questioning” should remain a pariah in his own party while we occasionally welcome his help.

The enemy of my enemy isn’t necessarily my friend.

It’s unfortunate that SCOTUS is being radicalized with picks like KBJ, because in the not-too-distant-future there are going to be court challenges to things like this: The coming federal weaponization of banking.

A digital version of the dollar has been in the works for over a year now. Earlier this month, [so-called president] Biden signed an executive order both curtailing existing cryptocurrencies and laying the groundwork for a federal digital currency. Crypto regulations have been a favorite topic of Democrats on Capitol Hill and regulators in the federal bureaucracy. Biden deployed numerous excuses, including the risks of money laundering and the carbon emissions needed to produce crypto, to justify cracking down on these currencies. But the kicker of the statement is the regulatory groundwork for the coming “digital dollar.” The United States will be the second major power to foster such a move, after China, where efforts to create a digital currency as part of its social credit system are a sign of what might be coming here soon.

Physical currency likely will be phased out entirely over time, in favor of a digital format controlled by the Federal Reserve. The ubiquity of cell phones and scannable codes will make integration of a digital currency, under some form of the blockchain, relatively easy to implement. This soft-nationalization of the banking sector would leave the United States in uncharted waters. Nearly every transaction, from political donations to purchases as seemingly insignificant as a pack of gum, would be visible to the government and subject to scrutiny. Government regulations could block or track certain transactions with no trial or public recourse. Even worse, if you were placed on a list by a federal bureaucrat — not a judge — your access to banking and credit cards potentially could be shut off without a warrant or trial.

Buy what you need now—like a generator for when the electrical grid eventually breaks—before your purchasing freedom is verboten by non-descript womyn like KBJ.

Of course, the other thing you should buy is seeds for things like lettuce, tomatoes, onions, corn, cucumbers, carrots, celery, strawberries, blueberries and other fruits and vegetables. That’s so when Brandon’s disastrous economic policies and international political failures finally catch up with food prices here in the U.S., you can blunt the impact on your personal grocery bill.

[So-called president] Biden on Thursday warned of global food shortages as a result of the Russian invasion of Ukraine — predicting that the war would upend global wheat supplies.

Russia and Ukraine jointly supply about a fourth of the world’s wheat exports.

“With regard to food shortages, yes we did talk about food shortages. And it’s going to be real,” Biden said at a press conference in Belgium after attending meetings of NATO and G7 leaders.

“The price of these sanctions is not just imposed upon Russia, it’s imposed upon an awful lot of countries as well, including European countries and our country,” Biden said.

When your sanctions on another country badly hurt your country, you’re doing it wrong.

Brandon says we don’t expect food shortages in the U.S., but neither did we expect the never-ending surge in gas prices, the supply chain bottle-neck, the empty store shelves, the scarcity of used and new cars, the failure in Afghanistan, the worst inflation in 40 years, the Chinese Bat Flu, or the severe lockdowns imposed on us by our betters in Washington, D.C. and across the nation.

I don’t trust a single thing these people say and even less what they do.

From the “Department of Pure Speculation But Not Really”: imagine a scenario in which Hunter Biden is indicted on federal charges of influence peddling, but then, because his daddy is the Resident, he is PARDONED.

Friday, FNC host Jesse Watters told his viewers he heard Hunter Biden, son of President Joe Biden, would be indicted.

In addition to that, Watters speculated the President would pardon his son and announce he was not seeking reelection in 2024.

If Trump tried that he’d be impeached. Of course, Trump would never have to try that because he’s not a life-long grifter who hasn’t worked a day in his life like career criminal politician “the Big Guy.”