Sunday, January 2, 2022

BIDENOMICS - BILLIONAIRES FOR BIDEN AND OPEN BORDERS - U.S. Billionaires Grew Their Wealth by $340B in 2021 as Middle Class Shrinks

 

U.S. Billionaires Grew Their Wealth by $340B in 2021 as Middle Class Shrinks

billionaires
Getty Images for Global Citizen/Britta Pedersen-Pool/MANDEL NGAN/GRAEME JENNINGS/POOL/AFP via Getty Images
2:53

The richest billionaires in the United States grew their wealth by more than $340 billion over the last year, while the wealth held by the American middle class shrinks.

U.S. billionaires Elon Musk, Jeff Bezos, Bill Gates, Larry Page, Mark Zuckerberg, Sergey Brin, Steve Ballmer, Larry Elison, and Warren Buffett grew their combined wealth to about $341 billion in 2021, according to figures published by CNBC.

Elon Musk, the cofounder of Tesla, boosted his wealth by $121 billion in the last year — more growth than any other billionaire in the world. Meanwhile, Amazon executive chairman Jeff Bezos grew his wealth to $195 billion.

Bill Gates, cofounder of Microsoft, now holds nearly $140 billion in wealth while Google cofounder Larry Page holds about $130 billion after growing his wealth by $47 billion in 2021. Mark Zuckerberg, the CEO of Meta, which owns Facebook, Instagram, and WhatsApp, has a net wealth of about $128 billion thanks to a boost of $24 billion in 2021.

At the same time, the American middle class has seen a dramatic drop in wealth. The middle class includes 77.5 million U.S. households with an annual income of $27,000 to $141,000.

In October 2021, Breitbart News reported the top one percent of income earners in the U.S. now hold more wealth than the entire American middle class. Specifically, the middle class has seen its share of national wealth plummet to just 26.6 percent while the top one percent’s share of wealth has grown to 27 percent — the first time in U.S. history that the top one percent’s share of wealth has outpaced the middle class’s share of wealth.

Since 1991, the top 20 percent of U.S. income earners have seen their share of national wealth grow by about 10 percentage points. The middle class, meanwhile, has seen its share of real estate, private businesses, and corporate equities declined in the past three decades.

In 2019, economists confirmed the wealthiest Americans are paying lower annual tax rates than all other Americans. The wealthy, for example, paid an average tax rate of just 23 percent in 2018. This 23 percent tax rate for the rich means their rate has been slashed by 47 percentage points since 1950 when their tax rate was 70 percent.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.

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Bombshell Revealed about Jeffrey Epstein's Massive Real Estate Portfolio




Barbra Streisand: ‘Joe Biden’s Economic Record in His First Year Is the Best in 40 years’

(INSET: Joe Biden) MALIBU, CA - JUNE 02: Barbra Streisand attends the CHANEL Dinner Celebrating Our Majestic Oceans, A Benefit For NRDC on June 2, 2018 in Malibu, California. (Photo by Rich Fury/Getty Images)
Rich Fury/Getty, Andrew Caballero-Reynolds/AFP/Getty
3:40

To cap off another year of pushing falshoods and half-truths, left-wing Hollywood actress-singer Barbra Streisand insisted that Joe Biden’s economic record is the “best in 40 years.”

Streisand jumped to her Twitter account to lay this gem on her fans: “Joe Biden’s economic record in his first year is the best in 40 years. The media largely ignores this.”

The People singer did not bother giving fans the source of her statistic, nor did she take any time to offer any other explication or proof of this claim. Still, even some of her liberal fans noted that one of the reasons Biden’s numbers can be said to have risen over 2020’s statistics is because many of the restrictions imposed on the nation due to the pandemic were eased. After all, an economy would have nowhere else to go but up once rules that artificially squelched it were reversed.

It is likely that Streisand got her stat from one of Joe Biden’s own Tweets. On Dec. 29, Biden tweeted that he has the best economic record of any president in 50 years.

“We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years,” he tweeted, adding, “Let’s keep the progress going.”

Biden didn’t regale us with just who that “one analyst” is (maybe it’s “Doctor” Jill), but his claim does not stand up to close scrutiny.

As Breitbart News reported:

Here are some inconvenient truths that destroy Biden’s argument: Inflation, as measured by the Consumer Price Index (CPI), is currently running at 6.8 percent, the fastest pace in 40 years. (As I argued in a recent op-ed, when you conduct an apples-to-apples comparison of how inflation is measured now versus 40 years ago, today’s inflation may actually match or even exceed President Carter levels.) The Producer Price Index (PPI), which measures the prices businesses pay for their inputs and is a forward indicator of the CPI, is increasing at a record 9.6 percent.

This runaway inflation is placing an enormous burden on ordinary Americans, especially those on fixed incomes who see their cost of living increase every day. Inflation is significantly exceeding wage growth, resulting in a Biden pay cut of reduced real wages and lower living standards. Unsurprisingly, the mainstream media makes little-to-no mention of these shrinking paychecks, even though they are arguably the biggest issue affecting American wellbeing.

It also appears that the great number of voters are not fooled by Biden and Streisand’s proclamations of success. A recent poll found that voters think Biden’s policies are making inflation and economic troubles worse, not better.

Even left-wing cable news outlet CNN lamented at the end of October that disappointing economic growth is one of Biden’s biggest problems going into the 2022 midterm election cycle.

“White House officials so expected a disappointing third-quarter growth report this week that they didn’t even issue a statement when Commerce Department figures showed just 2%,” CNN’s Oct. 30 report began. That does not sound like the best news in 50 years.
Indeed, the White House is so desperate to spin the coverage of Biden’s dismal economic record that the administration sent operatives fanning out from the Oval Office this month to secretly meet with members of the media to strong-arm them into reporting Biden’s failing stats with a more positive spin.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.


Poll: Plurality of American Adults Fear What Is to Come in 2022

NORWALK, CT - MARCH 25: Undocumented immigrant Juana, 24, from El Salvador and her husband Saul, 23, from Honduras watch local news in their one-room apartment on March 25, 2020 in Norwalk, Connecticut. Juana lost her job as a house cleaner and Saul as a painter due to the coronavirus …
John Moore/Getty Images
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More than half of adults in the United States are fearful for what is to come in 2022, according to a recent Axios/Momentive poll.

The poll showed that more than half (51 percent) of the respondents said they are fearful for what will happen to the country next year, in 2022, compared to the 48 percent who say they are more hopeful.

There were slightly more (54 percent) respondents that said they are more fearful of what next year holds for the entire world, while only 44 percent said they are hopeful.

The respondents were more hopeful when asked about themselves in 2022. Sixty-eight percent said they are more hopeful for what 2022 has in store for them, while only 30 percent said they are more fearful.

When the respondents were asked, “What word or words would you use to describe the year you had in 2021,” 43 percent of the respondents said, “worrisome” and 43 percent said, “exhausting.”

Thirty-five percent of the respondents said they would like to hear less about the coronavirus pandemic next year, while money and politics were at the forefront when they were asked what issues matter most. Thirty-one percent said, “jobs and the economy,” and 17 percent said, “democracy” as a runner-up. “Health care” was the next closest with 16 percent.

With the current supply chain crisis and the inflation hitting a 40 year high, half (50 percent) of the respondents said 2022 would be a bad year for the economy, with 17 percent saying it will be a “very bad year” for the economy.

The Axios/Momentive poll was conducted between 14 and 16. The sample size was 2,602 adults in the United States. There was a margin of error of plus or minus two percentage points.

Jacob Bliss is a reporter for Breitbart News. You can follow him on Twitter.

Ten Joe Biden 2021 Blunders that Killed the American Energy Renaissance 

A marquee displays gas prices at a Shell station on Monday, Nov. 22, 2021, in San Francisco. President Joe Biden on Tuesday, Nov. 23, 2021, ordered 50 million barrels of oil released from America's strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, …
Noah Berger/ASSOCIATED PRESS
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Joe Biden wasted no time after being sworn in as president in destroying the U.S energy renaissance ushered in during Donald Trump’s presidency which made the country energy independent and a net annual petroleum exporter for the first time since at least 1949.

Through regulations, executive orders, and other means, Biden has driven up the cost of energy for Americans and made the country more dependent on foreign and often unfriendly entities for its energy needs.

Here are ten Biden policies that have ended abundant and affordable energy in America:

1. On his first day as president, Biden canceled completion of the Keystone XL Pipeline, taking away thousands of American jobs, reducing domestic energy production, and driving up the cost of oil.

2. One of Biden’s first actions as president was suspending oil and gas leases in the Arctic National Wildlife Refuge and New Mexico.

3. Biden’s Environmental Protection Agency (EPA) reinstalled regulations that restrict domestic energy production, including resurrecting the “Waters of the United States” rule that limits how farmers and ranchers can use their land. 

4. Last month the EPA announced new regulations for methane emissions from oil and gas production, transmission, storage, and distribution. The American Petroleum Institute estimated that the Democrats’ desired ban on oil and gas development on federal lands would cause nearly 1 million Americans to lose their jobs, and cost the U.S. $500 billion to import gas.

5. Biden’s EPA is also pushing a new rule regulating greenhouse gas emissions from vehicles. That regulation is estimated to raise the average vehicle price by $1,000.

6. President Donald Trump pulled the United States out of the Paris Climate Accord, citing its harm to American jobs and the U.S. economy. Biden rejoined the United Nation’s globalist project, which will result in more energy regulations and restrictions and drive up the cost of domestic energy, including gasoline and heating.

7. Biden’s decision to put a moratorium on oil and gas leasing on federal land and his goal of banning hydraulic fracking will no doubt please Russia and OPEC as the U.S. loses its energy independence and increases its dependence on foreign oil and gas.

8. Biden vowed to prohibit fracking, which will cause a massive loss in American jobs. “Banning fracking, as Biden has promised to do, would eliminate 19 million jobs between 2021-2025,” according to the House Republican Policy Committee.

9. Biden’s policies have resulted in skyrocketing prices at the gas pump. A year ago — in November 2020 — the average gas price was $2.11 per gallon. By November 2021, the national average gas price had shot up to $3.42. Americans paid 61 percent more for gas as inflation soared to a 30-year high.

10. Biden’s Build Back Better plan would spend taxpayer dollars to force utilities to use more expensive forms of energy (as called for in the Green New Deal), reducing energy choices and raising costs for American consumers.

Follow Penny Starr on Twitter

Exclusive— Rep. Mike Waltz: Biden ‘Worst President for Human Rights in Modern American History’

U.S. President Joe Biden removes his face mask as he arrives to speak in the South Court Auditorium on the White House campus October 14, 2021 in Washington, DC. Biden spoke about the coronavirus pandemic and encouraged states and businesses to support vaccine mandates to avoid a surge in cases …
Drew Angerer/Getty Images
13:50

In an exclusive interview with Breitbart News, Rep. Mike Waltz (R-FL) blasted the Biden administration, claiming the world now “sees weakness in the White House,” while calling Biden the “worst president for human rights in modern American history” and warning “trend lines” suggest the U.S. may cede its superpower status to China.

Speaking with Breitbart News on Thursday, Republican Rep. Mike Waltz, a Florida native who represents the Sunshine State’s 6th congressional district, weighed in on current issues, offering his unique perspective.

A colonel in the National Guard as well as a former White House and Pentagon policy adviser, Rep. Waltz was the first Green Beret to be elected to Congress. 

Biden Administration

Waltz began by blasting the current administration, highlighting human rights abuses taking place on its watch despite the president having promised when taking office to make the issue a centerpiece of his policy.

“I think Biden has been the worst president for human rights in modern American history, and I don’t think that’s an overstatement,” he said. 

“If you look at the amount of girls coming over our southern border that are being sold into human trafficking — upwards of 40% according to Doctors Without Borders; if you look at what’s happening to minorities and women in Afghanistan that he just abandoned; if you look at the ongoing genocide in China, and we could keep going around the world – he has done nothing for human rights!” he asserted.

Waltz explained why he is hardly surprised by the results produced by the current administration.

“You have the same team around Biden that was around [former President] Obama and they have the same underlying philosophy, so you’re going to get many of the same results as we had back then,” he said. 

He then criticized policies of the Obama administration that the team advising President Biden supported despite the undesirable outcomes of each.

“Back then this team thought the [U.S. Army deserter Bowe] Bergdahl trade was a good idea; thought the Iran deal was a good idea; thought giving everything away to Cuba and Venezuela with nothing in return was a good idea,” he said. 

“We can walk around the world not responding to a land invasion in Europe of Crimea and eastern Ukraine, was the ‘right approach,’” he added. “The march across the South China Sea, we can go on and on.”

As a result, he argued, the same outcomes could be expected.

“So you’re going to see that same result now and we are seeing the same results,” he said, adding that, “We’ve gone from the Abraham Accords to literally rocket violence on Israeli cities, Iran is on the threshold of having a nuclear weapon, and Russia [is] amassing on the Ukrainian border again.” 

Waltz went on to explain that the administration’s approach is seen as “weakness” among U.S. adversaries.

“They know they can get away with it and it’s all underscored by a philosophy of appeasement and concessions and ‘if we can just get people to the table with diplomacy first, then we can solve problems,’” he said. 

“And we all know that our adversaries see that as weakness and will take full advantage of it, and that’s exactly what they’re doing,” he added.

China

Claiming “the world sees weakness in the White House right now,” Waltz warned that “our adversaries are going to run with it and take as much advantage of it as they can” in the next two years.

“I think with China in particular, we are in a very dangerous period between this summer,” he said, “so that will be after the Olympics and after the Communist Party conference, where [Chinese President] Xi [Jinping] will essentially be re-elected for life.”  

“After this summer and between Summer ‘22 and November ‘24 when they will see an opportunity to take advantage of this perceived weakness,” he added.

Waltz remarked that he believes the “trend lines” are heading in the direction of a United States ceding its role as a superpower. 

“All you have to do is read Xi’s unfiltered speeches — not the watered-down translations they released to the public but the actual translations — where he openly talks about replacing the United States as a superpower,” he said, “and all the trend lines are heading in that direction.” 

“Their navy is larger than ours now,” he added. “The average age of their ships is half ours; they’ve launched more into space than the rest of the world combined.”

But what makes China the greatest threat, according to Waltz, is its having “co-opted” so much of American society to achieve its ambitions.

“I think the biggest threat is how they’ve co-opted so many aspects of American society and that’s what makes them unlike any other threat the United States has ever faced and more dangerous and a huge threat that we face,” he said.

Claiming that applies “from Wall Street to Hollywood to the sports industry to our politics,” he lamented how the U.S. is “awash” from Chinese funds.

“We are awash from Chinese money and the number of organizations, from Jamie Dimon at JP Morgan to [Jeff] Bezos at Amazon, that are willing to turn a blind eye for their next quarter balance sheet is really frankly disgusting and disturbing,” he said. 

2022 Beijing Olympics

Noting he was the first Congressmember to introduce a resolution calling for a “full boycott” of the 2022 Beijing Winter Olympics “back in February before it became cool,” Waltz claimed he initially pressed for altering the games’ venue.

“We’ve been pressuring the IOC (International Olympic Committee) and I want to be clear: the preference was for it to move the games,” he said.

“Senator Rick Scott (R-FL), myself, and others had been asking the IOC in letter after letter, engagement after engagement, to move the games when there was still plenty of time,” he added, “but once we were 12 months out it became clear that the IOC was not going to do that so we called for a full boycott.”

Waltz expressed dissatisfaction with other prominent figures for what he deemed hypocrisy on the matter.

“I would ask those conservatives, I would ask the athletes, I would ask the sponsors: did any of you who say, ‘well we shouldn’t introduce politics into athletics’ — number one: that ship has sailed — but number two: did they disagree with the IOC introducing politics when it came to apartheid? Did they think that was a bad move?” he asked.

“Because the IOC banned South Africa for the better part of three decades from any Olympic event happening in South Africa or even their team competing anywhere else,” he added.

Attributing the hypocrisy to money, Waltz highlighted his introducing of measures to limit Olympic sponsors.

“Why was it OK for apartheid but not now with China with an ongoing genocide?” he asked. “The answer, we all know, is how much money everybody is making.”

“So I’ve introduced measures to ban Department of Defense (DoD) aircraft from transporting anybody to the Olympics and banned the Olympic sponsors from selling their goods on military bases,” he added, noting his support for the Uyghur Forced Labor Prevention Act, “which finally, thanks to [Sen.] Marco Rubio’s great work finally passed.”

“Extremism” within the U.S. Military

He also addressed the Biden administration’s preoccupation with targeting the military to purge it of “extremism” as well as a recent Defense Department report detailing efforts to rout out “extremists” and ensure “only the best qualified recruits are selected for services.” 

“A lot of it, if you look at the language around it and you look at [Defense] Secretary [Lloyd] Austin’s language around it, they say extremism but then it’s followed very closely by white supremacism,” he said. “And much of this language came out in the wake of January 6 and is feeding into that narrative.” 

But, according to Waltz, the data does not confirm that narrative.

“The interesting thing is the actual data doesn’t support their narrative so that’s point one,” he said. “Because the report cited 100 instances of extremism — I haven’t really dug through it to break that down — but I bet you a good number of that 100 were gang-related or Islamic extremism-related and not all white supremacy.” 

Regardless, that number, he said, must also be seen in proportion.

“But even just take that 100 number on its face value out of the two and a half million in our military — It’s something like .005 percent,” he said. “Yet this is the number one priority of the Defense Secretary and the administration when it comes to the military, despite all of those other threats.”

Stressing the overall need to root out extremism, Waltz pointed to the unusual prioritization of the issue.

“I want to be clear: we should always root out extremism at every instance,” he said. “Since [Oklahoma City bomber] Timothy McVeigh and [Fort Hood shooter] Nidal Hassan, we’ve had to deal with a number of high-profile cases, and we should always root it out.”

“But the data does not support it being the number one priority of the Defense Department,” he added.

Waltz claimed the fixation on a constant threat of extremism “fits into the broader narrative,” though it isn’t reflective of the reality. 

“We had a hearing in the House and I asked the chairman about the growing threat and the rising tide of white supremacy in the military and I asked both the Democratic chairman and every witness where’s the data that supports that narrative,” he said. 

“It’s not there,” he added, “but yet they’re pushing this narrative.” 

He lamented the decrease in Americans’ confidence in the military.

“What is so disturbing is we’ve seen a significant drop in confidence in the U.S. military amongst the American public, which is probably the last bastion of confidence when it comes to a government institution,” he said. 

“According to the Reagan Institute: from 70% [confidence] to below 50%,” he added, “and so this narrative that they’re pushing is incredibly dangerous and I’m going to push back on it until somebody shows me the actual data, but [according to] their own report: .005%.”

Iran

When asked whether he trusted President Biden to fulfill his stated pledge to prevent the Iranian regime from attaining nuclear weapons, Waltz replied he did not.

I don’t have 100% faith in him backing that up, not with a military option,” he said. “The Biden administration — from [Secretary of State] Tony Blinken to [National Security Adviser] Jake Sullivan to [President] Biden himself — the typical first card they play is taking a military option off the table,” he said. 

“They just did it with Russia and Ukraine,” he added, “and so that makes diplomacy that much more difficult when you do that.” 

Claiming that such an approach is part of their “underlying philosophy,” Waltz said, “they just don’t seem to understand that you always leave all options on the table, particularly when you’re dealing with autocratic dictatorial regimes.”

“I don’t know how this ends up well at this point,” he added.

Waltz surmised that President Trump, in the event he’d have continued to a second term, would have forced the Iranians to negotiate a far better deal.

“I think if [former President] Trump had had a second term and continued the full maximum pressure campaign, even though there was some leakage with China in terms of oil sales, I do believe the Iranians would have come to the table from a position of weakness and we could have struck a much better deal,” he said.

But with “the same team now around Biden that they dealt with with [former President] Obama,” Waltz claimed the Iranians “see opportunity [and] advantage.” 

“We’ve seen that in how they’ve approached the negotiations and all they care about is telling us what we want to hear,” he said. “They’re deceiving the world so that they can get sanctions dropped and those billions will flow right into the regime and right into their terrorist proxies and right Into their nuclear program.”

Waltz also claimed he feared Sullivan, on a recent trip to Israel, “made it clear to the Israelis we won’t provide the military support for them to take a military option, so that they, the Israelis, have no choice.” 

“So I think that’s a big question mark sitting out there,” he added. “What happened in those discussions, and what message did the administration convey to our greatest ally in the Middle East?” 

International terrorism

Since the start of the Biden administration, Waltz claimed global terrorism “has gotten a big shot in the arm.”

“The message across the Middle East is jihad has won, democracy has lost,” he said, warning that terror groups may be planning further attacks on America. 

“I think al-Qaeda fully intends to attack us again,” he warned. “They’re developing the capability to do so.”

“I fully expect the United States to have to go back and deal with that either on the periphery or actually in Afghanistan, and right now, I think we’re seeing an axis of terror developed from Hamas to Iran’s proxies and ISIS in Syria and Iraq to Iran itself to the Taliban caliphate,” he added. “And it’s just not a good situation at all.”

Waltz has been a frequent critic of the Biden administration and its policies.

Last month, Waltz blasted President Biden’s “wrong approach” on Iran, calling a partial Iran nuclear deal weaker than the one struck under the Obama administration.

In September, he accused President Biden and Defense Secretary Austin of “selling this country a fiction” that the U.S. could manage a resurgence of al-Qaeda in Afghanistan  “with nothing” there, following the U.S. pullout of troops from there.

Follow Joshua Klein on Twitter @JoshuaKlein.

Biden's Staring into the Abyss -- and So Are We

 By Patrick J. Buchanan | December 31, 2021 | 8:24am EST

 
 
Russian President Vladimir Putin greets President Joe Biden during the US-Russia Summit 2021 on June 16, 2021 in Geneva, Switzerland. (Photo by Mikhail Svetlov/Getty Images)
Russian President Vladimir Putin greets President Joe Biden during the US-Russia Summit 2021 on June 16, 2021 in Geneva, Switzerland. (Photo by Mikhail Svetlov/Getty Images)

"'Hope' is the thing with feathers / That perches in the soul," wrote Emily Dickinson. "And sore must be the storm / That could abash the little Bird / That kept so many warm."

Staring ahead on New Year's Eve, at what appear to be the coming storms of 2022, this once-hopeful country is going to have to fall back on its reserves.

What storms?

Suddenly, the omicron variant of the coronavirus is sweeping the nation, shutting schools, shops, restaurants and bars that were only lately reopened. In this last week of 2021, new infections twice set records.

Is a fifth wave of the pandemic arriving, just two years after the first wave hit in March 2020?

What is hopeful here?

While the numbers of infected are exploding and deaths are rising anew, the omicron variant appears to be less severe and less lethal than the delta variant — and possibly less enduring.

From the medical community one hears the hope that the omicron variant could displace the delta and, as has happened in South Africa, burn itself out.

Still, if the present rate of infections and deaths continues, we could have a virus-related million American deaths by spring.

A second storm is economic, with inflation now running at 6.8%, the highest rate since the last days of Jimmy Carter and first days of Ronald Reagan.

Should this trend continue, inflation could be crushing to President Joe Biden's party and presidency next November. And, according to Thursday's Washington Post, that may be what is coming:

"Strong consumer demand, continuing supply chain troubles and the emergence of the omicron variant of the coronavirus threaten to prolong sharply rising prices well into 2022, potentially making inflation the premier economic challenge of the new year."

As for U.S. economic growth, forecasts for the first quarter of 2022 are being cut back from 5.2% to 2.2%.

Nor does the world look any more tranquil from this vantage point.

In the second week of January, U.S. talks with Russia begin, probably in Geneva, on Russian President Vladimir Putin's demand for assurances that Ukraine not be admitted into NATO and no U.S. offensive weapons be stationed in a border nation from which they can be used to attack Russia with only minutes notice.

The hopeful news: Putin reportedly ordered 10,000 of the 100,000 Russian troops on Ukraine's border back to their bases deeper in Russia.

Still, it is hard to believe Putin is bluffing when he says that if Ukraine is invited to become a full member of NATO, Russia will see to it that the consummation never comes to pass.

As for China, there is no sign it is backing off from any of its territorial demands — on its Himalayan border with India, with half a dozen rival nations in the South and East China seas, or with Taiwan.

Probably the best we can hope for in the simmering Taiwan crisis is that China will put off its insistence on annexation of the island of 24 million while it digests the lately free city of Hong Kong.

Negotiation with Iran on a mutual return to the 2015 nuclear deal appears to be nearing the fish-or-cut-bait moment. Should the talks collapse without Iran's return to the restrictions of the deal, we will, early in the new year, hear more animated talk of "other options" and "Plan B" — synonyms for U.S. attacks on Tehran's nuclear facilities.

Hovering over all of the above is the gnawing and growing concern among the American people about the physical and mental capacities of their president.

A month ago, a Politico poll found that while 46% of Americans believe Biden is mentally fit for his office, 48% disagree. In the same poll, only about one-half of all Americans felt Biden was "in good health."

All that talk of a few months back of Biden being a statesman of superior competence, perhaps a second Franklin D. Roosevelt or Lyndon B. Johnson, has died out.

Yet the maladies and crises the country confronts from inflation, China, Russia, Iran, the explosion of shootings and murders in major cities, and our bleeding border are not Biden's alone; they are America's. They are ours. If Joe Biden fails, the country does not succeed.

Yet, since mid-August, an average of national polls has shown Biden to be slipping underwater and sinking deeper. His disapproval rating is now 10 points higher than his approval rating, which sits in the low 40s.

What does the future hold?

The latest news brought to 23 the number of House Democrats who are retiring or looking for another position rather than running for reelection in 2022. Yet, to regain the House majority, the GOP needs a net gain of just five seats in the 435-member chamber.

Most pundits believe the Democrats will lose the House and, if they do, the U.S. government will grind to gridlock for the next two years. Not exactly a formula for the restoration of a lost national unity or purpose.

Patrick J. Buchanan is the author of "Nixon's White House Wars: The Battles That Made and Broke a President and Divided America Forever."



Joe Biden Wraps Up 2021 with 31 Trips to Delaware

US President Joe Biden steps out of Marine One helicopter upon arrival in Rehoboth Beach, Delaware, December 27, 2021. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
SAUL LOEB/AFP via Getty

President Joe Biden traveled to Delaware 31 times during his first year as president, spending the majority of his weekends away from the White House.

The president and First Lady Jill Biden arrived Monday at their home in Rehoboth beach for a few days with plans to leave Wednesday for their home in Wilmington.

Biden is setting a new precedent for the president of the United States to leave Washington, DC, nearly every weekend.

It is unclear what Biden does at his home and who he meets with, as the White House has refused to release visitor logs from his two homes.

“I can confirm we are not going to be providing information about the comings and goings of the president’s grandchildren or people visiting him in Delaware,” White House Press Secretary Jen Psaki said in August.

The president also made 12 visits to Camp David in 2021, according to former CBS News White House Correspondent Mark Knoller.

Although Biden’s destinations are fairly close to Washington, DC, the president’s travel requires a lot of resources, including complicated Secret Service security protocols and the use of the Marine One presidential helicopter. The press pool of reporters is also shuttled back and forth from D.C. for the weekend.

In August, Biden took nine Marine One flights in 18 days as he juggled time between the White House, Camp David, and his home in Delaware as the disastrous exit from Afghanistan unfolded.

U.S. President Joe Biden and U.S. First Lady Jill Biden, play with their new dog Commander at Rehoboth Beach, Delaware, on December 28, 2021. (SAUL LOEB/AFP via Getty Images)

The White House has defended Biden’s many trips to Delaware, arguing that he deserves to spend his weekends at his home instead of the White House.

“The president lives in Wilmington. It’s his home. That’s where he’s lived for many, many years,” Psaki said in March.


Alfredo Ortiz: Biden’s Year-End Whopper on the Economy and a New Year’s Resolution for a Pro-Small Business Congress

WASHINGTON, DC - JULY 02: U.S. President Joe Biden delivers remarks about the June jobs report in the South Court Auditorium in the Eisenhower Executive Office Building on July 02, 2021 in Washington, DC. Exceeding expectations, the U.S. economy added 850,000 jobs in June and the unemployment rate settled at …
Chip Somodevilla/Getty Images
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President Biden concluded 2021 the same way he started it, lying about his record. He tweeted Wednesday, “We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years.” Even Biden couldn’t make this wild claim directly without the desperate appeal to authority from an unnamed “analyst.”

You don’t need to be an analyst to recognize that this whopper should lay last-minute claim to “lie of the year” in any of the lists made by far-left activist journalists masquerading as independent fact-checkers at seemingly every mainstream media outlet. In reality, the economy is stagnant, with Americans falling further behind due to Biden’s bad policies.

Here are some inconvenient truths that destroy Biden’s argument: Inflation, as measured by the Consumer Price Index (CPI), is currently running at 6.8 percent, the fastest pace in 40 years. (As I argued in a recent op-ed, when you conduct an apples-to-apples comparison of how inflation is measured now versus 40 years ago, today’s inflation may actually match or even exceed President Carter levels.) The Producer Price Index (PPI), which measures the prices businesses pay for their inputs and is a forward indicator of the CPI, is increasing at a record 9.6 percent.

This runaway inflation is placing an enormous burden on ordinary Americans, especially those on fixed incomes who see their cost of living increase every day. Inflation is significantly exceeding wage growth, resulting in a Biden pay cut of reduced real wages and lower living standards. Unsurprisingly, the mainstream media makes little-to-no mention of these shrinking paychecks, even though they are arguably the biggest issue affecting American wellbeing.

The country is also enduring a supply chain crisis of the likes we haven’t seen in generations. As a result, some Americans couldn’t get their Christmas presents on time. Small businesses can’t access needed inputs, weighing on their profitability. These third-world-style problems of runaway inflation and supply shortages are due to Biden’s reckless spending and distortionary policies.

Biden’s biggest lie regarding his accomplishments comes when he talks about the labor market. He brags that he has created nearly six million jobs since he took office. But these are not new jobs. They are merely ones already created under President Trump that temporarily disappeared during the pandemic. By taking credit for the return of these jobs, Biden is committing the same logical flaw as President Obama, who claimed he was a jobs president by pointing to people returning to work after the Great Recession.

US President Joe Biden coughs as he talks to reporters about the November Jobs Report from the State Dining Room of the White House in Washington, DC, on December 3, 2021. - Biden said Friday that the United States' employment recovery was "very strong," despite disappointing November job creation data. "America is back to work and our jobs recovery is going very strong. Today's historic drop in unemployment rate includes dramatic improvements for workers who have often seen... higher levels of unemployment," he said. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

President Joe Biden coughs as he talks to reporters about the November Jobs Report from the State Dining Room of the White House in Washington, DC, on December 3, 2021. (ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

In reality, the labor market remains far below its pre-pandemic peak. There are still four million fewer people working today and nearly five million more people out of the labor force compared to February 2020. After falling precipitously from 66 to 63 percent under Obama, the labor force participation rate (LFPR) actually rose under Trump before the pandemic hit — a remarkable achievement given its long-run decline. Today, the LFPR, including among 25- to 54-year-olds, has gained back only about half of its pandemic-related decline. Nothing to celebrate.

Making this labor market slack even more striking is the fact that America is enduring a historic labor shortage. There are a record 11 million unfilled jobs nationwide — suggesting that some Americans on the labor market sidelines are actively choosing not to work. Small businesses are desperate to hire; but due to the Biden administration’s flawed policies, including increased social welfare programs like monthly child tax payments, many Americans are choosing not to work.

To actually turn the economy into the one in the figment of Biden’s imagination, Congress must support policies that help small businesses. That means telling small businesses once and for all that they won’t face tax increases and new regulations, such as those proposed by the Build Back Broke legislation supported by Biden and Congressional Democrats.

While the prospects for passage of the BBB are thankfully looking slim, ultimately, the only way to bring small businesses and the economy back is by electing pro-small business candidates in the mid-term elections this fall and flipping control of Congress. These small business backers can help enact tax cuts, deregulation, and fiscal sanity to set the stage for a repeat of the historic shared prosperity enjoyed from 2017 to 2019. That’s a New Year’s resolution that all Americans should support.


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