HOW MUCH DAMAGE WILL JOE BIDEN PERPETRATE AS HE FILLS HIS POCKETS? - Levin: Biden ‘the Closest Thing We’ve Got to a Dictator Yet’

 

Levin: Biden ‘the Closest Thing We’ve Got to a Dictator Yet’

TRENT BAKER

12 Sep 20210

3:10

Fox News Channel “Life, Liberty & Levin” host Mark Levin on Sunday hammered President Joe Biden over his recent speech in which he announced vaccine mandates and other protocol measures to deal with the ongoing coronavirus pandemic.

Levin argued that a scornful Biden “condemning” and “yelling” at American citizens over getting vaccinated makes him “the closest thing we’ve had to a dictator yet.”

“Joe Biden gave a speech the other day, and he always walks off. He doesn’t take questions like he is some kind of a dictator, and he is the closest thing we’ve got to a dictator yet,” Levin asserted. “He certainly is. He gives a speech. He doesn’t communicate with the American people as equals. He doesn’t treat you as a citizen. He is basically yelling at you, condemning you, lecturing you. He’s filled with scorn. You are not doing what he told you to do. Eighty million of you are unvaccinated — you are the reason people are dying. You are the reason there is a spread. You are the reason that we have these variants, not him. Remember how he used to use blame Donald Trump for every death that occurred as a result of the coronavirus? Well, how many new vaccines have been developed under Joe Biden? None. How many are under development? None that I know of. How about therapeutics? Many were developed under Donald Trump — none that I’m aware of right now.”

He continued, “So, what is he going to do? He’s not going to take responsibility — Joe Biden — for what he’s failed to do, having congratulated himself on July 4 for basic victory over the virus. No, it is your fault. It’s not Biden’s fault for having the southern border open, and potentially 2.5 million people coming across the border in his first year, many of whom have all kinds of diseases and all kinds of issues, including the coronavirus. What does he do? He gives a speech in which he congratulates himself. He attacks the governor of Florida; he attacks the governor of Texas. He dismisses everything that came before him. This is a man who is out of control. This is a fool with enormous power. You can support vaccinations, as I do, without supporting tyranny.”

“There is a serious question whether Congress can delegate this power to OSHA, which it hasn’t,” Levin added. “And yet, this is their argument. And the same time that they are threatening small businesses with horrific fines and to fire people without vaccines, people in small business are having trouble hiring people. This is going to create economic dislocation, of which Joe Biden knows nothing because he’s never worked in the private sector. He’s almost 80 years old, and he’s spent his entire life in government telling people what to do rather than doing something. This is a big constitutional issue. It is a big economic issue. And the idea that he thinks he can sign an executive order or that the Labor Department can put out regulation and snap his fingers then Joe Biden can control the economy. That is what I mean about American marxism. That is what I mean that this man is as close to a dictator as we ever had.”

Follow Trent Baker on Twitter @MagnifiTrent

Inflation Expectations Hit All-Time High in N.Y. Fed Survey

(Photo by Olivier Douliery-Pool/Getty Images

JOHN CARNEY

13 Sep 20210

2:58

Americans are expecting a record deluge of inflation over the next year—and they expect high levels of inflation to stick around for years, according to a report released Monday by the Federal Reserve Bank of New York.

At the same time, expectations for future earnings growth declined, raising the prospect of stagflation.

The N.Y. Fed’s August Survey of Consumer Expectations found that the one-year-ahead inflation expectations jumped by three-tenths of a percentage point to 5.2 percent, the tenth consecutive monthly increase and the highest reading ever produced in data going back to 2013.

The median inflation expectations for three years from now also climbed three-tenths of a percentage point to a new series high of 4.0 percent.

The Fed said both increases were broad based across age and income groups.

Some details:

• Food: inflation expectations rose eight-tenths of a percentage point for food to 7.9 percent;
• Rent: increased by 0.2 percentage point for rent to 10.0 percent;
• fMedical care: increased by 0.2 percentage point for medical care to 9.7 percent; and
• Gasoline: increased by 1.1 percentage points to 9.2 percent.

Median one-year-ahead expected earnings growth fell four-tenths of a percentage point in August to 2.5 percent, comparable to its February 2020 level. The decrease was driven mostly by respondents over the age of 40, the New York Fed said.

Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—increased by 3.3 percentage points in August to 35.0 percent. The mean perceived probability of losing one’s job in the next 12 months increased slightly in August to 12.4 percent from 12.2 percent in July, but remains near the lowest level going back to 2013.

The mean probability of wuitting in the next 12 months also increased to 20.0 percent from 19.7 percent. The mean perceived probability of finding a job (if one’s current job was lost) fell to 54.9 percent in August from 57.0 percent in July. The decrease was most pronounced among respondents aged 60 and over.

 

Would-be homebuyers expect some relief from skyrocketing home prices. The median year-ahead home price change expectations decreased slightly to 5.9 percent in August from 6.0 percetn in July, the third consecutive monthly decline. The decrease was driven primarily by respondents under the age of 40, according to the N.Y. Fed, and was largest for those who live in the “South” and “Northeast” Census regions.