We are now a little more than two months away from the all-important 2022 midterms. It may decide the future of America. Many people are expecting a “bigly” Red Wave to sweep over Congress and many Governorships across America. A month ago, we looked at some polling data, and this “bigly” Red Wave looked like a good possibility. However, we have been detecting some changes since then in the data. Is the Red Wave sputtering? We first will look at some betting odds data from PredictIt.
Poll Shows Americans’ Trust In Federal Institutions Is Plummeting After J6 Committee And FBI Raid At Mar-A-Lago
Against this backdrop, DailyMail.com is spotlighting recent polls that provide a snapshot of Americans’ attitudes toward Trump, the FBI, the DOJ, the Jan 6 hearings, and simmering political divisions that could boil over into violence. The FBI has an image problem. Overall, 47% of Americans distrust the national crime-fighting bureau, and 46% trust it, according to a Golden/TIPP Poll from May.
For example, in 1950, the world population was 2.5 billion and grew at 1.9% per year, resulting in an absolute increase of around 47 million people. Today, the growth rate is less than 1% per year, but because our total population is more than three times larger, the absolute annual increase is more than 60 million people per year.
What Do The Facts Show? The Data Behind Manchin and Schumer’s “Inflation Reduction Act” Contradict The Name
Depending on the level of productivity of the “investments,” which will be poor at best, and the growth of government – instead of subtracting the two numbers (in the table above) from each other, more realistically, they should be added together as more budget-busting economic effects on the American people. Another trillion dollar boondoggle from Congressional politicians.
When we look at GDP growth over the past few decades, it has been fairly linear (the black line below). Some falsely believe debt has been growing at the same rate as GDP. However, when looking at debt creation, it has been exponential. In other words, trendline debt growth keeps getting steeper and steeper over time (the red trendlines below), creating the exponential arc pattern from horizontal to vertical.
Hollyweird is starting to take note of their responsibility. Over 200 members of Tinseltown’s best and brightest have signed a pledge promising to portray guns in a responsible way onscreen. A batch of writers, actors, producers, and directors – including Jimmy Kimmel, Mark Ruffalo, and Amy Schumer – have endorsed an agreement titled #ShowYourSafety for Brady United.
GM, along with EVgo and one of the country’s biggest gas-station and rest-stop operators, plans to install 2,000 EV chargers in 50-mile intervals along US highways. Driver anxiety around battery range and charging remain one of the most stubborn barriers facing EVs. GM is working with EVgo to install 3,250 chargers in towns and cities across America.
In many ways, an inflation wage depression that may be coming is worst than a normal recession/depression. A recession has a recovery phase – a wage depression is systemic and can be more permanent. Though you may have a job, your standard of living will change to the point it will force changes in your life. “You will own nothing, and you will be happy.”
There is a difference between “Born Rich” and “Became Rich” – if one can really define this. The Became Rich would think it more difficult to improve one’s SES in the United States, feel greater empathy toward the poor, attribute poverty to external circumstances, believe that the poor are sacrificing many things in life to improve their socio-economic conditions and have greater support for redistribution.
Today the Senate filibuster procedure allows a minority party with 41 votes to stop most legislation. The Senate tradition of unlimited debate has allowed for the use of the filibuster, a loosely defined term for action designed to prolong debate and delay or prevent a vote on a bill, resolution, amendment, or other debatable question. Both parties have used this method over the years (see inset chart).
Half of these same people polled believe that it is media misinformation and not genuine disagreements. This could be disturbing because each side may want to censor the other to get the “right” results. I would question whether this is true. There may be a true divide in America’s political views – the growing acceptance of socialism may be the source. In the past, this has not been so much the case.
Remember, markets are forward-looking to what might happen 6 to 18 months into the future. Most of the Fed’s rate hikes are already priced into the markets. The market is already thinking that the induced recession caused by the rate hikes will force the Fed to only lower them to fight the evident recession they created. More free money is coming – fuel for the markets. This is what the markets are digesting now.
Though the scenery from the Bavarian Alps was spectacular, the G7 Summit was not so spectacular. A few people will make some “graft” money, but the general population will see little benefit from its results. If people were asked, most would not even realize it occurred. There is a significant disconnect between global leaders and their populations.
Is this grandfatherly Boomer advice from Cramer, good advice? Yes in principle, but it won’t be nearly as effective for Gen Zers as it was for Boomers – something Cramer failed to address. What has worked in the past for Boomers may not work for Gen Z in the future. Consider the following that has been occurring for decades.
Is a coming food crisis coming? Well, our elite overlords seem to think so. UN Secretary-General António Guterres said the war in Ukraine has added to the disruptions caused by climate change, the COVID-19 pandemic, and inequality to produce an “unprecedented global hunger crisis” already affecting hundreds of millions of people. Former Trump Deputy National Security Adviser KT McFarland says a major food shortage is coming in the next few months.
Will the US join in what is looking to be a global phenomenon? The Brotherhood of Locomotive Engineers and Trainmen (BLET), a subsidiary of the Teamsters union, announced Wednesday it would hold a strike vote covering tens of thousands of members in the railroad industry. Workers at the major Class I railroads have been without a new industry-wide contract for nearly three years.
Nicholas Boothman, the author of “How to Make People Like You in 90 Seconds or Less,” has spent years coaching business people to be more effective, more relaxed communicators. Assuming rapport is a skill that anyone can learn and deploy within the first two seconds of making someone’s acquaintance.
The newly-released statistics from progressive reproductive health think-tank the Guttmacher Institute showed that the number of terminations rocketed by eight percent between 2017 and 2020. More than half of all terminations in 2020 were the result of the so-called “abortion pill,” which can be taken for the first 10 weeks of a pregnancy.
When Americans were asked “why politicians run for office – to serve the community,” overall, only 21% believe they do – Democrats at 19% and 24% for Republicans. Furthermore, when Americans were asked “why politicians run for office – to serve personal interests,” overall, 65% said yes – Democrats believed 66% and Republicans believed 63%. At last, something that is agreed upon by both Democrats and Republicans.
Everybody was thrilled to get stimulus checks in the mail during the COVID-19 pandemic. “It’s free money!” many exclaimed. But nothing in life is free. This includes “free” things handed out by the government. According to estimates by Bloomberg Economics, US households will spend $5,200 more this year than they did last year on the same consumption basket. That breaks down to $433 extra in expenditures every single month.
The point of these charts and their analysis is to show that America is not as far-Left as the media would like you to believe. Democrats are fleeing their party to become Independents due to their disapproval of radical Left-wing policies. Several high-profile folks that were Democrats but are now eaning away include Elon Musk, Joe Rogan, and even Bill Maher, who have recently come out critical of the Left.
The Atlanta Fed GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is 0.9 percent on June 8, unchanged from June 7 after rounding. After this morning’s wholesale trade release from the US Census Bureau, the nowcast of the contribution of inventory investment to second-quarter real GDP growth decreased from -1.61 percentage points to -1.62 percentage points.
Although the British monarchy is supported by a plurality of people across most age groups in Great Britain, it is among over 65 year-olds where the level is supported is highest at 81 percent. Younger age groups are progressively more likely to oppose the monarchy, with 41 percent of 18-24 years olds opting instead for an elected head of state.
The opposite is true for migration winners like Florida. Gains in people and income pile on top of each other each year, building an ever-growing tax base. In 2020 alone, the state’s tax base was some $197 billion higher due to the 20-year string of positive income gains from net in-migration.
Drought conditions throughout the West resulted in lower hydroelectric generation in 2021 across the western region. Hydroelectric generation in 2021 was 48% below the 10-year (2011-2020) average in California. As a result, hydroelectric generation’s share of total summer generation falls from 15% in the Median case to 8% in the drought case.