Monday, November 20, 2023

BIDENOMICS KICKS IN - Report: Majority of U.S. Adults Living Paycheck to Paycheck - AS JOE BIDEN'S INVADING ILLEGALS TAKE MILLIONS OF JOBS AND MILLIONS IN HOUSING

Munro: DHS Chief Mayorkas Warns Agents Not to Misgender Border Crossers, but Ask Their Preferred Pronouns

Mayorkas has directed border guards to open the border to more than six million migrants since early 2021.

EAGLE PASS, Texas — More than 500 migrants in a single group stormed across the Rio Grande River into Eagle Pass, Texas, in a single group earlier this week. The group consisted of Venezuelan, Colombian, and Central American migrants.

THE BIDEN REGIME WOULD NEVER HAVE HAPPENED HAD HIS HIGH TECH BILLIONAIRES FOR OPEN BORDERS AND NO CAPS ON VISAS NOT CENSORED THE TRUE FACTS ON BIDEN FAMILY CORRUPTION!

Report: Majority of U.S. Adults Living Paycheck to Paycheck

Inflation
iStock, Saul Loeb/Getty Images; BNN

The majority of U.S. adults are living paycheck to paycheck heading into this holiday season, a report shows.

LendingClub’s latest report shows that as of October, 60 percent of adults said they are living paycheck to paycheck. Around 40 percent of consumers consider themselves to be worse off now than in 2022. 

Even higher earners are struggling to get by, with 42 percent of those making six figures also living check-to-check under President Joe Biden.

According to a separate CNBC survey, the number of adults struggling to save between checks is up from 58 percent in March.

RELATED: Axelrod — Biden Has Bad Economic Ratings Because People Are Looking at Costs and Inflation

More than a third of consumers are planning to dip into their savings to cover holiday spending, LendingClub also found.


“While consumers have found a way to manage through inflation, it’s concerning that many plan to tap into savings, and even exceed their budgets, to finance their holiday purchases, which may leave them vulnerable to an unexpected emergency,” said Alia Dudum, LendingClub’s money expert.

The LendingClub report also revealed 43 percent of consumers who are living paycheck to paycheck and “struggling to pay bills” are planning to use credit for holiday shopping.

Consumers are steadily adopting the “mentality of hyper-consumption,” said Jacqueline Howard, head of money wellness at Ally financial services.

“Hyper-consumption comes from not being mindful,” she added. “Consider what makes the most sense in terms of your well-being.”

Even as credit card debt tops $1 trillion, nearly all shoppers will overspend their holiday budget, a TD Bank survey found. 

 

The report, released last week, revealed that 96 percent of over 2,000 responding shoppers said they expect to overspend this season.

“With economic concerns top of mind for consumers throughout the year, planning ahead can help prevent some of the financial stress that holiday shopping can place on them,” said Matt Boss, Head of Consumer Products at TD Bank. “Setting a holiday budget and sticking to it is the first step that shoppers can take to maintain their peace of mind this holiday season.”

The survey also found that members of Generation Z are “among the best budgeters of all this holiday season,” with 81 percent of Gen-Zers saying they are considering making a holiday budget this year to keep track of their finances, compared to 77 percent of Millennials and just 59 percent of Baby Boomers. 

“Gen-Z is also the most likely to plan for their season of giving, with [66 percent] citing that they set aside money year-round in anticipation of increased holiday spending,” the report added.


Leading Economic Indicators Signal Recession—Again!

US President Joe Biden holds an umbrella as he walks across the South Lawn upon return to the White House in Washington, DC, on February 16, 2023. - Biden, at 80 the oldest man ever to be US president, spent the morning completing an annual medical checkup that political allies …
MANDEL NGAN/AFP via Getty Images

A key measure of the direction of the U.S. economy fell for the 19th straight month and once again indicated that a recession is looming.

The leading economic index fell 0.8 percent in October, the Conference Board said Monday. The LEI is based on 10 indicators that tend to forecast the direction of the economy.

Economists had expected a milder decline of 0.8 percent.

The last time the index declined for 19 months in a row was during the Great Recession when it fell from the end of 2007 through 2009.

The decline in the index has slowed. LEI contracted by 3.3 percent over the six-month period between April and October 2023,  a smaller decline than the 4.5 percent contraction over the previous six months.

“The US LEI trajectory remained negative, and its six- and twelve-month growth rates also held in negative territory in October,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.  “Among the leading indicators, deteriorating consumers’ expectations for business conditions, lower ISM Index of New Orders, falling equities, and tighter credit conditions drove the index’s most recent decline.”

The index is once again signaling a recession in the near term, albeit a mild one.

“After a pause in September, the LEI resumed signaling recession in the near term. The Conference Board expects elevated inflation, high interest rates, and contracting consumer spending—due to depleting pandemic saving and mandatory student loan repayments—to tip the US economy into a very short recession. We forecast that real GDP will expand by just 0.8 percent in 2024,” Sabinska-La Monica said.


Group of 500 Migrants Flood into Texas Border Town

Large migrant groups stream across the Rio Grande into Eagle Pass, Texas. (File Photos: Randy Clark/Breitbart Texas)
File Photos: Randy Clark/Breitbart Texas

EAGLE PASS, Texas — More than 500 migrants in a single group stormed across the Rio Grande River into Eagle Pass, Texas, in a single group earlier this week. The group consisted of Venezuelan, Colombian, and Central American migrants.

Law enforcement authorities on both sides of the border were unable to keep the migrants from crossing into the small border town, where they were turned over to the Border Patrol for processing on Wednesday afternoon.

Most of the group consisted of adult males and females. A few families could also be seen with some adults carrying small children on their shoulders.

Efrain Gonzalez, a local reporter in Piedras Negras, Coahuila, captured the chaotic scene from the banks of the Rio Grande in Mexico. In a posting on X, Gonzalez asked the migrants where they were from, with many claiming to be Venezuelan and Central American migrants.

As the group entered the river, many complained about conditions in Mexico and the treatment they received from Mexico’s National Institute of Migration (INM) while in the country. The video shows the large group of migrants stretching from the Mexican river bank to the United States side in Eagle Pass.

According to a source within CBP, not authorized to speak to the media, the initial count of migrants taken into custody by the Border Patrol was slightly more than 500. The source said authorities believed an additional 100 migrants were staged in Mexico and prepared to cross later in the evening.

The source told Breitbart Texas the group was taken to a soft-sided processing facility north of Eagle Pass. The facility, according to the source, is almost three times over its capacity to hold 1,000 migrant detainees. Most of the migrants will be released to pursue asylum claims in the United States.

The Del Rio Sector of the Border Patrol, which includes the city of Eagle Pass, is the second busiest for migrant crossings along the southwest border. In October, more than 38,000 migrants were apprehended crossing the Rio Grande into the sector. Wednesday’s large migrant group crossing was the largest encountered since September, when more than 45,000 migrants landed in the busy Texas sector.

As reported by Breitbart Texas, a significant surge of migrant crossings into Eagle Pass overwhelmed authorities, with one single migrant group numbering more than 2,000 crossing into the small border city. The surge that lasted for several weeks in September outpaced the number of mostly Haitian migrants apprehended in Del Rio, Texas in September of 2021.

The increase in migrant crossings captured the attention of X social media platform owner Elon Musk and GOP presidential candidate Vivek Ramaswamy, both of whom visited the small Texas border city as a result.

Randy Clark is a 32-year veteran of the United States Border Patrol.  Prior to his retirement, he served as the Division Chief for Law Enforcement Operations, directing operations for nine Border Patrol Stations within the Del Rio, Texas, Sector. Follow him on Twitter @RandyClarkBBTX.

Greg Abbott: ‘You Need a New President’ as He Endorses Donald Trump

Abbott Endorses Trump
Randy Clark/Breitbart Texas

EDINGURG, Texas  — Texas Governor Greg Abbott endorsed former President Donald Trump in his race to become the Republican nominee for President of the United States.

“You need a new president,” Abbott said to the mayors of New York, Chicago, and Washington, D.C. on Sunday. “Joe Biden has failed at national security. We need a president that will secure the border.”

“We need Donald J. Trump back as our president of the United States of America. We need a president who is going to secure the border,” Abbott said. “I’m here today to officially proclaim my endorsement for Donald J. Trump to be President of the United States of America, again.”

Joe Biden is causing a potential terror threat in the United States of America,” Abbott said at the event referencing the number of migrant gotaways and those apprehended and identified as being on the terrorist watch list. “A president has one ultimate responsibility and that’s national security. Joe Biden has failed at national security. Well, I’m here to tell you that there is no way, no way that America can continue under the leadership of Joe Biden as our president.”

Trump responded, saying to Abbott, “I am going to make your job much easier. We love Texas.”

“You’re not going to have to worry about the border anymore, governor,” Trump stated. “You’re not going to have to worry about the border in Texas or Arizona or anywhere else.”

The former president added, “You’ll be able to focus on other things in Texas.”

Trump told the audience the nod from Abbott was “a big endorsement.”

“This has meant a lot to me, the former president explained. Abbott is “not free and easy with endorsements.”

Shortly before the endorsement event, President Trump and Governor Abbott served an early Thanksgiving lunch to the Texas DPS troopers and National Guardsmen who are assigned to the Operation Lone Star border security mission.

“They should not be here at this time,” Abbott told the audience. “They should be at home. The only reason why they are here is because we have a president of the United States of America who is not securing our border.”

The endorsement came as President Trump and Governor Abbott served tamales to Texas Department of Public Safety troopers and National Guard Soldiers and Airmen in a pre-Thanksgiving meal. The troopers and Guardsmen are assigned to border security duty under Abbott’s Operation Lone Star.

Abbott becomes the fifth governor to endorse the former president during the 2024 Republican primary and joins Lieutenant Governor Dan Patrick, Attorney General Ken Paxton, Land Commissioner Dawn Buckingham, and Agriculture Commissioner Sid Miller on the growing list of Texas statewide elected officials.

Then-President Trump received 52 percent of the vote during his 2020 presidential race against Joe Biden. Trump captured nearly 5.6 million votes in the Lone Star State.

RELATED ARTICLES: 

Border issues were a key factor in the Texas election of 2020. During Fiscal Year 2020, President Trump’s last full year in office, Border Patrol agents encountered just over 400,000 migrants. Under the Biden administration’s border and immigration policies, agents encountered just over 407.000 migrants just in the past two months, according to U.S. Customs and Border Protection Southwest Land Border Encounters Reports.

The governor’s endorsement followed an early Thanksgiving dinner served to DPS troopers and Texas National Guardsmen by the governor and President Trump.

Brandon Judd, president of the National Border Patrol Council told the audience attending the speech that President Trump shook every hand and took photos with every trooper and guardsman who came to him during the luncheon.

Randy Clark is a 32-year veteran of the United States Border Patrol.  Prior to his retirement, he served as the Division Chief for Law Enforcement Operations, directing operations for nine Border Patrol Stations within the Del Rio, Texas, Sector. Follow him on Twitter @RandyClarkBBTX.

Bob Price is the Breitbart Texas-Border team’s associate editor and senior news contributor. He is an original member of the Breitbart Texas team. Price is a regular panelist on Fox 26 Houston’s What’s Your Point? Sunday-morning talk show. Follow him on Twitter @BobPriceBBTX.

Exclusive — Seamus Bruner Says ‘Controligarchs’ Are ‘Constructing the Tyrannical System’: Censorship ‘Just the Beginning’

seamus-bruner-con-bc
seamusbruner.com

Censorship is “just the beginning,” as “Controligarchs” are actively “constructing the tyrannical system” to control our lives, Seamus Bruner said during an appearance on Breitbart News Saturday, discussing his new book, Controligarchs: Exposing the Billionaire Class, Their Secret Deals, and the Globalist Plot to Dominate Your Life.

Bruner, who serves as director of research at Peter Schweizer’s Government Accountability Institute, noted that the organization is devoted to following the money and did so with the global elites, whom he has deemed “Controligarchs.”

“That would be people like Bill Gates, Mark Zuckerberg, Jeff Bezos, Klaus Schwab, and the World Economic Forum in Davos,” he said, explaining that their findings were “shocking.”

“We found that men like Mark Zuckerberg, Jeff Bezos, Bill Gates, they each added billions of dollars in personal net worth over the pandemic. In some cases, they’ve doubled up,” he said, noting that they enriched themselves “while the rest of us were locked down.”

Jeff Bezos/Instagram

Bill Gates and Mark Zuckerberg (AP Photos/Seth Wenig, Andrew Harnik_

“Now, that may not surprise the listeners of Breitbart News radio, but what really blew me away —  it’s how they’re doing it by constructing the tyrannical system” as they seek to “control every aspect of our lives,” he said.

LISTEN:

Bruner spoke specifically about one of their avenues for doing so: the World Economic Forum (WEF). Klaus Schwab, chairperson of the WEF, is “one of the characters in this book who speaks the most openly about what the agenda is, what the plans are,” he said, noting that people see headlines every year about the hypocritical global elites flying on their private jets to discuss climate change at the WEF, “but most people don’t know what goes on behind the scenes” at these Davos meetings.

Klaus Schwab, founder and executive chairman of the World Economic Forum (AP Photo/Markus Schreiber)

“If you or I were to show up there, they … certainly wouldn’t let us in,” he said, noting that they often put the highlight reels and clips on their website of “how they’re going to save the planet and all the wonderful things that they’re doing.”

“But then, very deep in their white papers, deep in their report, you know, we had to comb through thousands and thousands of pages and really obscure stuff, a lot of its scrubbed from the Internet,” he said, noting that these people have discussed the “Great Reset.” And the pandemic, he continued, actually helped expose their dark agenda even further.

“It shows that the pandemic is profitable, lucrative, and COVID equals cash for a lot of these people. Out of this Great Reset comes Build Back Better,” he said, noting that President Joe Biden has talked about it.

“Actually, a bunch of world leaders have their own Build Back Better plans, and that’s really how to take our money, the people’s money, taxpayer funding … into their own pockets, But it’s not just a cash grab. That money is building the tyrannical systems we talked about — food, talk about energy, crucial information — and so, all of that stuff comes out in this Great Reset — really dystopian stuff with AI,” he continued, adding that “Controligarchs” are also using tech to gain power.

Information control is another “huge theme” in the book, and while people are familiar with Big Tech censorship, Bruner warned that is “just the beginning.”

“[They] are harvesting your data. They’re ratcheting up AI and they’re gonna use it to eliminate as many of your jobs as possible; up to 40 percent, maybe more, of the jobs within five to ten years are just going to be gone,” he said, adding that it is all part of their plan.

WATCH — “IT’S TWO LETTERS”: VP Kamala Harris Breaks Down Artificial Intelligence in Her Infinite Wisdom
White House

“You may not want to live in the pod, eating the bugs and living on welfare,” but that is what the “Controligarchs” want for you, he pressed.

Controligarchs: Exposing the Billionaire Class, Their Secret Deals, and the Globalist Plot to Dominate Your Life is available now in hardcovere-book, and audiobook.

Breitbart News Saturday airs on SiriusXM Patriot 125 from 10:00 a.m. to 1:00 p.m. Eastern.

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