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The New England Patriots and former player Julian Edelman are partnering with boycotted beer brand Bud Light for this year's NFL Draft.
The post Former Patriot Julian Edelman Partners with Bud Light for NFL Draft Giveaway appeared first on Breitbart.
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A Whole Foods shopper shared her frustration at reportedly paying $7 for an apple as people across America struggle with inflation.
The post WATCH β βGuess How Muchβ: Whole Foods Shopper Claims Apple Costs $7 Due to Soaring Inflation appeared first on Breitbart.
During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation βis being stubborn and not going down to the 2% we need. But, itβs significantly different,β than where
The post Biden: Inflation βIs Being Stubbornβ β Things Like Junk Fees Are What βReallyβ Impact People appeared first on Breitbart.
The latest edition of the Beige Book provides far more red flags than silver linings.
The post Breitbart Business Digest: Beige Book Provides Gloomy Outlook for U.S. Economy appeared first on Breitbart.
Actor John Leguizamo isn't happy that former President Donald Trump is gaining ground with Hispanic voters.
The post John Leguizamo Whines that Trump Is Gaining with Hispanics, Admits Inflation Is βBad Right Nowβ appeared first on Breitbart.
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Jerome Powell spoke today from our nation's capital and indicated what we all know to be true: The Fed has no business cutting rates at this time.Β
The post Breitbart Business Digest: Powell Speaks and States the ObviousβNo Rate Cuts Are Coming appeared first on Breitbart.
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Biden talks up the economyβs strong growth but doesnβt address the fact that the inflation rate heβs given us surpasses the GDP growth rate. He also doesnβt mention that much of this growth was funded directly by government stimulus and other financial aid given to the public.
The White House claims the economy is roaring, and mainstream media suggests only Republicans doubt it. However, consumer sentiment is declining, albeit with a slight recent uptick, which both the White House and mainstream media quickly seized upon as a positive trend. Inflation also rose this month, but the White House contends itβs down compared to 2022 levels. It appears the White House chooses to cite macro or micro data depending on what makes them look better.
The average gas price increased by 7% this month compared to last month. However, it remains lower than the $4.90 it hit in 2022. So, I suppose the White House can chalk up another win.
The reality is, both the average American and business owner perceive the economy as dismal and lack confidence in the future. Despite high inflation, the specter of recession still looms large, suggesting stagflation may become a reality in the near future. We could easily find ourselves grappling with growing unemployment alongside escalating prices. Technically, weβve been in a recession for some time now, but Janet Yellenβs assertion that a recession isnβt defined by two consecutive quarters of negative growth was surprising to me and most university economics professors, as it contradicts the textbook definition of a recession.
Regarding stagflation, itβs defined by rising prices and growing unemployment. In the strictest sense, the White House is correct that we havenβt reached that point yet. More jobs are being created each month. However, if youβre looking for a job, the difficulty in finding one is obvious. This is largely due to the fact that 70% of the new jobs being created are part-time, while about 20% are government jobs. Depending on oneβs definition of βjobs,β an argument could be made that significant numbers of new full-time private sector jobs are not being created.
The truth is, the economy has been on shaky ground throughout Bidenβs entire administration. The only thing preventing a complete collapse is government stimulus and government job expansion, both of which add to the deficit and debt, merely postponing the inevitable. And that inevitable end is fast approaching.
Several US municipalities have implemented excessively high minimum wages, reaching up to $20 an hour. As a result, retailers, fast food chains, and ride-hailing apps like Lyft and Uber are exiting these markets. Grocery stores are transitioning to self-checkout systems, while fast-food establishments are introducing order kiosks. Moreover, many CVS and Walgreens drugstores have significantly reduced their floor staff, in some instances to just one employee.
Under Bidenomics, weβve witnessed a 46% increase in gas prices, with mortgage rates inching closer to 7%. Meanwhile, the demand for new mortgages is dwindling.
Real wages, adjusted for inflation, have dropped by an average of $371. The White Houseβs deception on this matter lies in presenting a chart of inflation that peaked in June 2022 and has since been declining, while wages have been on the rise. At first glance, it may seem that the worst of inflation is behind us and wages now surpass inflation. However, itβs crucial to remember that prices have not decreased.
The rate at which wages are increasing, at 5%, now exceeds the rate of price increases, at 3.2%. However, over the past four years, weβve seen cumulative inflation of nearly 20%. So, whereas you once earned a dollar, you now earn $1.05, while goods that previously cost $1.00 now cost $1.20. As a result, your real wages, adjusted for inflation, have decreased.
In short, the money you earn buys you less stuff.
Due to a decline in inflation-adjusted income, US savings rates have dropped to 3.6% from the pre-pandemic level of 6%. Credit card delinquencies and car loan defaults have reached record highs. Many Americans report borrowing money each month just to cover their cost of living.
Bidenomics is a disaster, and the White House is still considering cutting interest rates, which would cause inflation to skyrocket.
The post Credit Card Defaults, Inflation, Part-Time Jobs: The Economy Is a Disaster appeared first on The Gateway Pundit.
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President Joe Biden delivers a speech on the U.S. economy and βBidenomicsβ, Thursday, September 14, 2023, at Prince Georgeβs Community College in Largo, Maryland. (Official White House Photo by Adam Schultz)
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FIRST ON THE DAILY SIGNALβPresident Joe Bidenβs efforts to deflect blame for the border crisis and high cost of living arenβt working with swing voters, according to new polling from Echelon Insights.
An even higher percentage view his administration as a failure.
The survey of 2,401 registered voters in six battleground statesβshared exclusively with The Daily Signalβreveals key insights about swing voters, a segment of the U.S. population who arenβt strongly aligned with either political party.
Asked to rate the Biden administration, 65% of swing voters described it as a failure. A majority of Hispanic men, young voters (18-35), and married women also give the Biden administration a failing grade.
The poll finds 59% of swing voters blame Bidenβs policies for the crisis at the southern border, compared with 23% who say itβs due to factors outside of his control, while 18% are unsure or donβt view it as a problem.
On the issue of inflation and the high cost of living, 51% of swing voters blame Bidenβs policies. According to the survey, 37% think the problem is outside of Bidenβs control, while 13% are unsure or donβt view it as a problem.
Of the issues surveyed, violent crime is the only one that a majority of swing voters donβt blame on Bidenβs policies. In that specific case, 38% attribute a rise in crime to Biden, compared with 39% who think itβs not his doing.
These issues are regularly cited as Americansβ top concerns. They are also contributing to a gloomy outlook on Americaβs future and have resulted in Bidenβs dismal disapproval rating.
Echelon Insights conducted the survey for The Heritage Foundation in Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin.
When asked about the 2024 presidential election, swing voters give former President Donald Trump higher marks on Americaβs biggest issues: addressing immigration and border security, ensuring a strong U.S. economy, maintaining world peace, bringing down the high cost of living, keeping their families safe, supporting the middle class, instilling confidence in America, and protecting rights and freedoms.
Biden outperformed Trump on just two issues: health care costs and student loan debt.
Trumpβs dominance on a wide range of policy issues translates into a strong showing in five of the six states where the survey was conducted. Trump leads in Arizona, Georgia, Michigan, Nevada, and Pennsylvania. Biden had the edge in Wisconsin.
A whopping 73% of swing voters in those six states disapprove of Bidenβs job performance, compared with 40% for Trump. In each of the individual states, Trump holds the advantage.
When asked to rate a conservative governing agenda compared against a liberal agenda, swing voters in all six states favored a plan that grows the economy, reduces the cost of living, cuts government spending, secures the border, and implements tougher penalties for violent criminals.
The conservative agenda performed best in Michigan, followed closely by Georgia.
Swing voters cited the high cost of living as a major concern, worrying about the economic future of their kids, ability to save for retirement, and the cost of health care.
With a national debt of more than $34 trillion and government spending exploding on Bidenβs watch, these voters are more receptive to spending cuts than other ideas such as combating corporate greed and junk fees or increasing taxes on wealthy Americans.
On the issue of border security, swing voters are more likely than the overall population to worry about social services being stretched thin. They also cite drug trafficking and rising crime as problems connected to the massive influx of illegal aliens.
Some of the Trump administrationβs prioritiesβinstituting the Remain in Mexico policy, completing the U.S.-Mexico border wall, and closing the southern border to asylum seekersβrate positively among swing voters.
The survey also asked swing voters about education and the role of parents. By a significant margin, 63% to 30%, they think parents are in the best position to address controversial issues, such as sexuality, with their children.
Echelon Insights conducted the survey March 12-19 among approximately 400 voters in each of the six states. It has a margin of error of +/-2.3 percentage points overall.
The post Swing Voters Deliver Harsh Verdict: Biden Administration Is a Failure appeared first on The Daily Signal.
Ukraine is facing a potential outright defeat by the Russians this year, the former commander of the UK's Joint Forces Command has warned.
The post Ukraine in βSerious Riskβ of Losing War to Russia This Year, Says Former UK Commander appeared first on Breitbart.
The body of O.J. Simpson will be cremated on Tuesday, and his brain will not be removed beforehand to be preserved for CTE research, according to Simpson's estate executor, according to the New York Post.
The post Lawyer: O.J. Simpson to be Cremated, Brain Will Not Be Donated to CTE Research appeared first on Breitbart.
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Ukrainian's top military commander admitted that the situation alongside the eastern front with Russia has "significantly worsened" amid renewed push from Moscow's forces.
The post Ukraineβs Top General Says Situation on Eastern Front βSignificantly Worsenedβ as Russia Ramps Up Attacks appeared first on Breitbart.
At least 10 people died after shelling struck a Russian-occupied town in Ukraine's Zaporizhzhia region, a Kremlin-installed official said.
The post 10 Dead in Reported Ukraine Shelling of Russian-Occupied Zaporizhzhia appeared first on Breitbart.
On Fridayβs broadcast of CNBCβs βSquawk on the Street,β BlackRock CEO Larry Fink stated that it will be difficult to reach 2% inflation and one reason is βWe have a trillion dollars of fiscal stimulus in the CHIPS Act, the
The post BlackRockβs Fink: Spending in βInflation Reduction Actβ Will Make It Harder to Lower Inflation appeared first on Breitbart.
On Fridayβs broadcast of CNBCβs βSquawk Box,β Agriculture Secretary TomΒ Vilsack responded to a question on if spending in the Inflation Reduction Act will create inflationary pressure by stating that βOne of the things that I think is missed about the
The post Ag Secβy Vilsack on Inflationary Pressure from βInflation Reduction Actβ Spending: The Lawβs βPacedβ appeared first on Breitbart.
Chiefs wide receiver Rashee Rice was driving his high-priced sports car at 119 mph before a multi-car crash on a Dallas freeway that injured four people last month, The Dallas Morning News reports.
The post Police: Chiefsβ Rashee Rice Was Driving 119 MPH Seconds Before Multi-Car Crash appeared first on Breitbart.
Travis Kelce received his college degree on Thursday, shook hands with the dean, and then chugged and spiked a beer.
The post WATCH: Travis Kelce Chugs Beer On Stage While Receiving College Diploma appeared first on Breitbart.
In the first three months of the year, inflation measured by the consumer price index has run at a 4.6 percent annualized rate, much higher than the 1.9 percent rate in the final three months of last year.Β
The post Bidenflationβs Resurgence Sends Consumer Sentiment Tumbling appeared first on Breitbart.
Former Speaker of the House Newt Gingrich has suggested President Joe Bidenβs βeconomic failureβ may well be his downfall in Novemberβs presidential election.
The post Newt Gingrich: Bidenomics βMeans You Get Less for Moreβ appeared first on Breitbart.
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On Thursdayβs broadcast of Bloombergβs βBalance of Power,β White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, βtempersβ worries in the wake of the
The post White House: PPI Inflation Hitting 11-Month High βTempersβ Worries, βInflation Has Been Coming Downβ appeared first on Breitbart.
On Thursdayβs broadcast of Bloombergβs βBalance of Power,β White House Council of Economic Advisers member Heather Boushey stated that President Joe Biden is fighting inflation and its impact by βlowering the cost of student debt for all of those borrowersβ
The post White House: Bidenβs Fighting Inflation with Student Loan Plan appeared first on Breitbart.
Former NFL GOAT Tom Brady is apparently still teasing the possibility of an NFL comeback.
The post Tom Brady Intrigues Fans with Response About Possible NFL Return appeared first on Breitbart.
Donald Trump leads Joe Biden in North Carolina, where inflation and national security are the leading issues for voters, per a poll.Β
The post Poll: Donald Trump Leads Joe Biden in North Carolina, Where Inflation, National Security Are Top Issues appeared first on Breitbart.
Fred Goldman, the father of Ron Goldman, has strong words after hearing of the passing of the man he believes murdered his son, O.J. Simpson.
The post βNo Great Loss to the Worldβ: Fred Goldman Speaks Out After the Death of O.J. Simpson appeared first on Breitbart.
Volodymyr Zelensky said he extended an invitatitation to Donald Trump to visit Ukraine to convince him to back more American military aid.
The post Zelensky Says Kyiv Has Invited Donald Trump to Visit Ukraine in Push For More Military Aid appeared first on Breitbart.
CNN contributor Bob Costas said Thursday on "Newsroom" that O.J. Simpson was "beloved"Β before the 1994 murders of his ex-wife Nicole Brown Simpson and her friend Ronald Goldman in Los Angeles.
The post Costas: Prior to the Murders O.J. Simpson βWas Not Just Admired But Belovedβ appeared first on Breitbart.
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