As Breitbart News reported, forcing taxpayers to provide healthcare to all illegal aliens would cost citizens anywhere between $23 billion to $66 billion every single year — potentially a $660 billion bill for taxpayers every decade, without adjusting for inflation and the increasing number of illegal aliens.
Biden on GDP Report: ‘We Are on the Right Path’
(CNSNews.com) - President Biden tried to put a positive spin on the latest GDP numbers released on Thursday, which showed the U.S. economy shrank for the second quarter this year by 0.9 percent.
As CNSNews.com reported, the Bureau of Economic Analysis reported that from January to March, the Gross Domestic Product (GDP) fell by 1.6 percent, and it dropped by 0.9 percent from April to June.
The president said that it was “no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation.” However, he said, the U.S. economy is “on the right path.”
Biden pointed to the job market, which he said “remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone.”
He said that “consumer spending” continues to grow, and he pointed to his meeting earlier this week with the chairman of SK Group from Korea, who pledged to invest “more than $200 billion in American manufacturing,”
“Coming off of last year’s historic economic growth – and regaining all the private sector jobs lost during the pandemic crisis – it’s no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation. But even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure,” Biden said in a statement.
“Our job market remains historically strong, with unemployment at 3.6% and more than 1 million jobs created in the second quarter alone. Consumer spending is continuing to grow. Earlier this week, I met with the Chairman of SK Group from Korea, just one of the companies investing more than $200 billion in American manufacturing since I took office, powering a historic recovery in American manufacturing,” he said.
“My economic plan is focused on bringing inflation down, without giving up all the economic gains we have made. Congress has an historic chance to do that by passing the CHIPS and Science Act and Inflation Reduction Act without delay,” the president added.
Meanwhile, despite the Biden administration’s insistence that the U.S. economy is not in a recession, Republican National Committee Chairwoman Ronna McDaniel said, “This is Joe Biden’s recession.
“Biden can lie and deflect blame all he wants, but that will not alleviate the pain Americans feel every time they fill up their gas tanks, go grocery shopping, check their retirement savings, or balance their budgets. Biden and Democrats are responsible for our shrinking economy, and they’re only trying to make it worse," she said in a statement.
VIDEO
Richard Wolff: Fed Rate Hikes Are "Body Blow" to Workers Reeling from Pandemic, Growing Inequality
https://www.youtube.com/watch?v=StriojTKr08
U.S. Economy Shrinks for Second Quarter in a Row
(CNSNews.com) - The U.S. economy contracted for the second quarter in a row in the second quarter of 2022, according to data released today by the Bureau of Economic Analysis.
In the January-through-March period, real Gross Domestic Product (GDP) dropped by 1.6 percent, said BEA. In the April-through-June period, it dropped by 0.9 percent.
“The decrease in real GDP reflected decreases in private inventory investment, residential fixed investment, federal government spending, state and local government spending, and nonresidential fixed investment that were partly offset by increases in exports and personal consumption expenditures (PCE),” said BEA.
“Imports, which are a subtraction in the calculation of GDP, increased,” it said.
“The decrease in private inventory investment was led by a decrease in retail trade (mainly general merchandise stores as well as motor vehicle dealers). The decrease in residential fixed investment was led by a decrease in ‘other’ structures (specifically brokers' commissions),” said BEA.
Kennedy: Biden-Created Inflation ‘a Cancer on the American Dream’
During a Tuesday interview on Fox News Channel’s “Jesse Watters Primetime,” Sen. John Kennedy (R-LA) weighed in on the record-high inflation, which he argued was “a direct result” of President Joe Biden’s policies.
Kennedy emphasized that inflation from the Biden administration’s policies was “a cancer on the American Dream.”
“After 18 months, we know what President Biden stands for,” Kennedy stated. “If you don’t know by now, you are as thick as a brick. He believes in bigger government, higher taxes, more spending, more debt, more regulation, open borders, a weaker military and turning cops into social workers. And those policies have hurt the American people deeply.”
“But in no respect, none, has President Biden hurt the American people more than in their pocketbooks,” he continued. “And I’m talking about inflation. Inflation, which is a direct result of the president’s policies, is a cancer on the American Dream. And it is rampant. It is unrestrained.”
According to Kennedy, the fix to the current inflation crisis is “pretty straightforward.”
He called on the Federal Reserve to “stop spending.” He also suggested reducing the deficit, freezing all federal proposed federal regulations, returning to energy independence, and extending the Tax Cuts and Jobs Act to lower inflation.
“If you do those things, in my judgment, inflation will start to abate in a matter of months. And if you don’t do them, we are just going to continue to be face down in the desert,” he added.
Follow Trent Baker on Twitter @MagnifiTrent
Bokhari: Big Tech’s Blueprint to Stop a Red Wave in 2022
Republicans think a “red wave” is inevitable in November. But the Democrats still have one big advantage: the ever-tightening grip of Big Tech censorship, which will be used to prevent undecided voters from encountering even the most mainstream conservative news in the runup to the next election. Republicans will have a strong message — but what if voters are prevented from hearing it?
In the runup to the 2020 U.S. presidential election, Google completely suppressed Breitbart News from its search results. Compared to 2016, Breibart News went into the 2020 election with a 99.7 percent reduction in visibility for its links on Google search. The censorship was so severe, no-name blogs with plagiarized headlines and content would appear in search results before the original Breitbart News articles. On searches for the term “Joe Biden,” Google cut visibility on Breitbart News links to zero.
Then, a few weeks before the election, Big Tech teamed up to suppress one of the biggest stories of the cycle: the Hunter Biden laptop story. A post-election poll found that 17 percent of Biden voters would have reconsidered their decision had they been aware of the laptop story alone, not counting the hundreds of Breitbart News stories voters didn’t have access to due to Google censorship.
Biden’s margin of victory in three swing states was less than a percentage point, making tech censorship a pivotal factor in the outcome. There is no law preventing Silicon Valley from not only repeating this plan in 2022, but scaling it up to a massive level – and that’s exactly what they are doing. The groundwork is already being prepared, in a number of ways:
#1 “Independent” Watchdogs Downgrading Conservative Media — NewsGuard Discredits The Right
No matter how mainstream you are, you aren’t safe. NewsGuard, the establishment “misinformation” watchdog that received funding from the Pentagon and whose software is being rolled out by millions of schoolteachers across the country, recently downgraded Fox News in its rankings of trustworthy and untrustworthy news sources.
NewsGuard users will now see a red warning label next to Fox News links all around the internet, signaling to users that the source is considered untrustworthy by the organization, which was set up by former establishment media figures Steven Brill and L. Gordon Crovitz in 2018, in the early years of the media-concocted “misinformation” panic.
Fox News and Breitbart News have now both received the negative “red” rating from NewsGuard. This means that, going into the 2022 midterm elections, NewsGuard is warning its users not to read the two leading conservative-leaning sources of online news.
Naturally, the sources that pushed the Russiagate hoax and said the Hunter Biden laptop was “Russian disinfo” — a claim repeated by NewsGuard’s co-founder — receive no such warning label.
#2 Facebook Suppressing The News — If The Wrong Side Is Winning, Call Off The Game
Silicon Valley has also found a way to censor all conservative media at the same time. For years, the left has been wailing and screaming about the success of conservative media on Facebook. Despite algorithm changes that suppressed traffic to conservative websites — by a whopping 20 percent in the case of Breitbart News — conservative media has continued to crush the competition.
Facebook has an answer: if conservative media is winning the news war on its platform, it will simply suppress all news at the same time. This month, the Wall Street Journal reported that the platform is shifting resources away from its News Tab and news distribution, and towards a “creator economy.” This means that news will be featured less frequently to users, whether they ask for it or not. This is a way of preventing unwanted narratives from reaching the public, at the very moment when news coverage of the failures of Democrat rule in D.C. will be ramping up.
This is a repeat of what Facebook did after the 2016 election when it reduced the visibility of political posts — a change that resulted in engagement on Donald Trump’s page dropping by almost half.
#3 Taxpayer-Funded Censorship — NPR Creates Misinformation Bureau
Meanwhile, in the media, the steady drumbeat of the “misinformation” panic continues. Taxpayer-funded NPR is running a whole series about the media-concocted crisis, with a near-exclusive focus on stories that spread in conservative circles. “Misinformation” and “disinformation,” like “fake news,” wasn’t a buzzword before Trump won, but now it is everywhere: it is pushed by think tanks, it is pushed by government-funded agencies, it is debated by congressional committees, it suddenly becomes a new responsibility of the federal government. This is how elites manufacture a crisis — every institution they control saturates the information environment to create a sense of panic.
You can determine the purpose of such a panic from its targets. Ask almost any prominent conservative or even journalists not in alignment with the far left if they’ve received a warning on social media for spreading “misinformation,” and they will likely say yes. The victims include journalists like Alex Berenson, Senators like Rand Paul, and of course the former President. Leftist misinformation, whether it concerns “Russiagate,” biological gender differences, or police and crime statistics, is, naturally, never called out.
#4 Regulatory Gridlock — No Recourse For Citizens
The goal of the misinformation panic has always been to delegitimize conservative viewpoints and give Big Tech a pretext to censor them. So long as the Supreme Court continues to block efforts to address corporate censorship, this trend will only worsen. As things stand, tiny local radio and TV stations are subject to more stringent political neutrality requirements than Google, Facebook, or Twitter.
Previous regulators, perhaps overzealously, sought to prevent even the smallest communication platforms from unduly influencing an election, but today’s Supreme Court seems fine with the most powerful platforms that have ever existed doing so. Carefully considered news tech laws aimed at giving users some measure of due process against the tech giants, most notably the one passed in Texas, have yet to make it past the Supreme Court.
#5 The Institutionalization of Censorship — Facebook’s $150 Million ‘Oversight Board’
With the actual courts of the U.S. having their hands tied, Big Tech is funding a parallel justice system to take its place. Facebook recently announced $150 million in new funding for its “Oversight Board,” the private body where users can go to beg for their censored accounts back. Naturally, this “Facebook supreme court” is a farce — filled to the brim with leftists and globalists, it failed to overturn the most egregious act of political censorship ever conducted by Silicon Valley, the blacklisting of Donald Trump.
Like the “misinformation” panic, the point of the Oversight Board is to give a veneer of process and legitimacy to Facebook’s suppression of non-progressive viewpoints.
Going into the 2022 midterm elections, if Silicon Valley gets its way, voters online will see only what the elites want them to see. That January 6 was the worst attack on democracy ever. That Republicans killed people by pointing out masks don’t work. That women in red states are being driven to coathanger abortions.
In short, Silicon Valley will ensure that the misinformation of the establishment gets a megaphone, while any conservative counterpoints are silenced. We already know from 2020 that this works. The question is, what are Republicans going to do about it?
Allum Bokhari is the senior technology correspondent at Breitbart News. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election.
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