Thursday, June 16, 2022

(Almost) Daily Meme

Channeling 44
By: Diane Sori / The Patriot Factor / Right Side Patriots / Right Side Patriots Radio
...Simply, Joe Biden's foreign policy decisions, to date, especially his Afghanistan withdrawal fiasco and his basic inactions regarding Ukraine, mimics those of Obama's with his decisions now also detrimentally affecting our economy, our national security, as well as peace and security both here and abroad especially with Obama's very bad Iranian nuclear deal being back on the negotiating table once again. All Joe Biden has offered us is a return to Obama's globalist style foreign policy initiatives that see freedom being replaced by both abject terrorism and threats of nuclear war in conjunction with an endless cycle of ground wars where we no longer allow our military to fight to win. Even the fiasco at our southern border, which lays at Obama's feet, proves just that.
Our southern border, where we are most vulnerable to manned invasion, where our national security now seems most at risk, sees all of Obama's disastrous policies basically still in play under Joe Biden. Remember back when Obama, a man who loved spouting rhetoric backed up with but empty promises, said that, “We're a nation-state. We have borders. The idea that we can just have open borders is...Read entire article here.
Fed raises interest rates by 75-basis points in historic move to fight inflation 
Megan Henney – FOXBusiness

The Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades as policymakers intensify their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.  

The 75-basis point hike – the first since 1994 – underscores just how serious Fed officials are tackling the inflation crisis after a string of alarming economic reports. The move puts the key benchmark federal funds rate at a range between 1.50% to 1.75%, the highest since the pandemic began two years ago.

Officials also laid out an aggressive path of rate increases for the remainder of the year, with new economic projections released after the two-day meeting showing that policymakers expect interest rates to hit 3.4% by the end of 2022, which would be the highest level since 2008. Read more here.

How Much Have Energy Bills Risen in Each State Since Biden Took Office? We Did the Math. 
Spencer Brown – TownhallTipsheet

Across the country, energy prices continue to skyrocket under President Biden’s agenda that strangled American energy independence. It’s being felt at the gas pump, where Americans are paying the most — ever — after the national average cost per gallon recently doubled under Biden’s policies. 

But in another less-obvious way, electricity rates have also been spiking under Biden. There’s no illuminated sign on the corner showing the price Americans pay per kilowatt hour, but the burden of increasing residential electricity rates is hitting wallets. 

Townhall reviewed the latest available data from the U.S. Energy Information Administration (EIA) to find which states’ electricity costs made the biggest jumps by comparing average residential retail price of electricity (RRPE) in cents per kilowatthour between January 2021 and March 2022 when Biden took office — and…Read more here.