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“What, exactly, is Joe Biden responsible for?” Remember: It’s never President Joe Biden’s fault. Gas prices have been skyrocketing for months, hitting a national average of $4.86 a gallon before the summer driving season even starts. Not Joe’s fault, says Transportation Secretary Pete Buttigieg: “The price of gasoline is not set by a dial in…
“JPM’s chief economist, others disagree with Dimon’s ‘hurricane’ warning” JPMorgan Chase boss Jamie Dimon’s view of a looming “hurricane” for the US economy has some notable dissenters, including his bank’s own chief economist Bruce Kasman, who sees clearer skies. Kasman said Monday that there is “no real reason to be worried about a recession,” arguing…
“Biden slammed for pushing to lift tariffs on China” President Biden’s plan to lift tariffs on China will do little to ease record levels of inflation while giving Beijing the upper hand in its trade relationship with the United States, according to analysts. Commerce Secretary Gina Raimondo said Sunday that Biden has asked his team…
“Buttigieg targets GOP over Disney feud: ‘War with Mickey Mouse’” Transportation Secretary Pete Buttigieg defended the Democrats’ response to the ongoing inflation crisis on Sunday, arguing Republican lawmakers are more concerned about feuding with Disney than they are about offering economic solutions. Buttigieg, a member of President Biden’s Cabinet and former presidential candidate, took aim…
“Inflation, gas prices, economy will dictate midterms: poll” Americans deeply disapprove of President Biden’s handling of the economy, inflation and soaring gas prices – and say those three issues will dictate how they will vote in the midterm elections this fall when control of Congress is at stake, a poll released Sunday shows. More than…
“Biden’s inflator in chief Brian Deese is an awful pick” There might be worse choices to lead President Joe Biden’s fight against inflation — Vice President Kamala Harris immediately comes to mind. But the role of Brian Deese in Biden’s new and belated “laser focus” on inflation is more proof that Sleepy Joe either doesn’t…
“Elon Musk says Telsa will increase workforce days after sending layoff email” Tesla’s employee headcount will rise over the next year, Elon Musk said Saturday — despite an earlier report that he planned to make cuts at his company over concerns about the economy. “Total headcount will increase, but salaried [sic] should be fairly flat,”…
“America isn’t working, thanks to COVIDiocy and Bidenomics” The nation added 390,000 jobs in May, per the latest federal data, the lowest gain of the last 12 months and leaving America still 800,000 short of the pre-pandemic level. Yet employers are desperate to hire more, with a survey last week finding that hiring is the…
“Who do I believe, Biden or the billionaire? Elon of course” President Biden derided Elon Musk Friday after Musk said he had a “super bad feeling” about the economy and wanted to lay off 10% of Tesla’s workforce. Biden’s message to Musk: “Lots of luck on his trip to the moon” (NASA is partnering with…
“Dow ends week on losing note despite strong US jobs report” Wall Street’s main index ended the week on a losing note as concerns about inflation and rising interest rates outweighed the strong jobs report released earlier on Friday by the federal government. The Dow Jones Industrial Average plummeted 348.58 points, or 1%, to 32,899.70,…