Friday, March 15, 2024

ANOTER BORDER INVADED - DeSantis Announces Florida Law Enforcement Interdicted Vessel of Haitians with Arms, Drugs - JOE BIDEN WANTS TO KNOW IF THE INVADERS HAVE BEEN REGISTERED DEMOCRAT TO VOTE FOR MORE?

OBVIOUSLY JOE BIDEN DOESN'T GIVE A FUK ABOUT THE DRUGS POURING IN THROUGH HIS OPEN AND UNDEFENDED BORDERS

CA IS A NO BORDERS STATE AND PARTNER WITH NARCOMEX


Two Tons of Meth Seized in Radish Shipment at California Border Crossing

https://www.breitbart.com/border/2023/02/12/two-tons-of-meth-seized-in-radish-shipment-at-california-border-crossing/

 

Rigorously vetted' Haitian migrant flown into the U.S. accused of raping a disabled teenager in Massachusetts

What's Joe Biden's so-called "vetting" of illegal migrants worth?

Well, according to a report by Fox News's Bill Melugin, pretty much nothing.

 

That's right, nothing.

The man accused of this crime was a Haitian illegal who supposedly passed "a rigorous background check" after applying to get into the U.S. as an "asylum-seeker" through Biden's online CHNV parole program for Cubans, Haitians, Nicaraguans and Venezuelans. That was a questionable program introduced by Biden in January 2023 to reduce the size of border surges in order to keep the Fox News cameras off of them. In so doing, the accused rapist then got flown into the U.S., and began his heinous crime spree in Massachusetts which claimed a vulnerable 15-year-old girl as his victim. 

According to the left-leaning American Immigration Council:

On January 5, 2023, the Biden administration announced its intent to provide “safe and orderly pathways to the United States” for up to 30,000 nationals of Cuba, Haiti, Nicaragua, and Venezuela. The new program, formally known as the Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV), allows certain people from these four countries who have a sponsor in the U.S. and who pass a background check to come to the U.S. for a period of two years to live and work lawfully, using a legal mechanism known as “humanitarian parole.”

According to the Voice of America:

 Applicants legally enter the country once they prove they have financial sponsors in the U.S. and pass background checks. The humanitarian parole authority allows the approved applicants to live and work legally in the U.S. temporarily.

This Haitian passed a "background check," flew to the states on a flight that's still unclear whether it was free (the administration and its allies say such trips aren't free but already we see they've lied about "rigorous" vetting), got work authorization, and a host of other services from Uncle Sugar, yet it didn't take him long to start preying on Americans as standard violent criminal.

What kind of people is Biden importing into the country? It's as if he's importing Haiti's criminal class, a truly violent bunch, under the dynamic modern Latin American dictators use, which is to use uncontrolled crime to control the law-abiding population.

It doesn't sound like anyone did a background check that was worth anything. Who did his background check? Why did he pass?

According to a leftist AIC source quoted by VOA:

"Every person approved for parole is vetted by the U.S. government prior to being granted the status. The idea that people arriving through this government program are 'unvetted' or 'illegal immigrants' is flagrantly wrong," Reichlin-Melnick said.

A Department of Homeland Security spokesperson also told VOA those with approved applications and travel permission must buy a plane ticket to fly into the United States on a commercial airline — and they are screened and inspected when they arrive at a port of entry.

Neither of those sources explained how the accused Haitian rapist somehow got in with all that vetting and screening and inspecting.

And since he came in on "humanitarian parole," neither would say exactly what the “urgent humanitarian or significant public benefit reasons” for letting him in were, which is how parole is granted

What's more, many have asked where the hell was his sponsor? He reportedly wasn't living with his sponsor, suggesting that someone just signed him in and let him out, which ought to be investigated as some kind of fraud since that's not how sponsorship works. Meanwhile, officials just waved him through customs.

Back then, when Biden was touting his program, he insisted that his vetting would be "rigorous":

According to VOA:

During a speech on January 5, 2023, Biden said an applicant must have a lawful sponsor in the United States.

Then the applicant has to "undergo rigorous background checks and apply from outside the United States and not cross the border illegally in the meantime," Biden said. "If they apply and their application is approved, they can use the same app, the CBP One app, to present at a port of entry and be able to work in the United States legally for two years. That's the process."

The CBPOne app? The one that lets in 99% of its applicants? Again, there doesn't seem to be any vetting, any more than there was among the hordes of humanity transported out of Afghanistan in chaotic flights out.

It's worth nothing that all four of those countries are known to have emptied their jails, freeing their convicted violent felons specifically to migrate into the U.S., which underlines why this program is such a recipe for disaster In Venezuela's case, the convicts were reported freed under the condition that they migrate to the U.S. How many of them have gotten in under this program?

So many of Venezuela's criminals have in fact gotten in under Joe Biden's many open borders policies and programs that Venezuela's famously high crime rate has reportedly gone down.

Now we are facing a Haitian deluge as that entire country collapses into lawlessness, run by some thug named "Barbecue." 

There are no doubt good and industrious Haitians who are endangered and should be able to come here as real refugees, the kind of refugees who go back when they can.

But obviously, Haitian criminals looking to hit the bigtime come in along with them, with Joe Biden's version of "rigorous" vetting, and they are getting in.

Congress needs to start looking into these claims of 'vetting' and demand real vetting, as well holding both officials who vet and sponsors of these criminals criminally responsible for the people they let in, too. There are already signs of fraud all over this program and Americans are paying the price.

 Image: Twitter screen shot

DeSantis Announces Florida Law Enforcement Interdicted Vessel of Haitians with Arms, Drugs

This photo provided by Monroe County Sheriff’s Office, a large wooden boat is grounded n
Monroe County Sheriff’s Office via AP

Florida law enforcement recently intercepted a vessel carrying Haitians armed with guns, drugs, and night vision gear, Gov. Ron DeSantis announced on Friday.

Speaking about the continued effort to keep the Sunshine State safe — particularly in the midst of the violent unrest in Haiti — DeSantis said Florida officers prevented 25 potential illegal immigrants hailing from Haiti from entering Florida.

“Just recently within the last couple of weeks — and this will be made public later today — our Florida Fish and Wildlife officers interdicted a vessel that had 25 illegal immigrants, potentially illegal immigrants, from Haiti,” the governor announced.

“In their boat, in their vessel, they had firearms. They had drugs. They had night vision gear and were boating very recklessly which would potentially endanger other folks,” he said, adding that the boat was “interdicted near the Sebastian inlet,” which is roughly 40 miles south of Port Canaveral.

“And those illegal aliens were turned over to the Coast Guard for deportation. So our folks have been doing this before we augmented this, and they’re gonna continue to do it,” DeSantis said, boasting of the “incredible amount of resources that are now on display.”

This is always a priority of officials, DeSantis said, but he explained that it is different now because there are more resources from the state, so it is an overall larger effort.

DeSantis went on to say that this issue — a matter of border security and illegal immigrants — should be the federal government’s responsibility, but the Biden administration has continued to shirk its duties and ultimately, the Coast Guard is “undermanned.”

“The Coast Guard does by and large a good job, but they’re undermanned. They’re under-resourced, so we’re filling those gaps,” he said. “I think one difference now is, and we see this with our folks that we have at the border, you have people coming across the southern border from all over the world,” DeSantis continued, explaining that at this point it would actually be easier for potential illegal immigrants from Haiti to fly to Mexico once flights resume and enter the United States on the southern border.

“I would anticipate if flights resume, that will likely be where a lot of those folks [go] who are trying to flee. If they want to come to the United States, they’re probably gonna go to Mexico and then come in through the border, knowing that Biden will just let everybody in,” he said.

WATCH:

DeSantis’s announcement comes just days after he announced the deployment of additional assets to the southern portion of the state due to the increased risk of illegal immigrants coming from Haiti. That move is part of Operation Vigilant Sentry, and the additional assets included 39 officers from the Florida Department of Law Enforcement, 23 from the Florida Fish and Wildlife Conservation Commission, 48 additional Guardsmen from the Florida National Guard, and 30 officers from the Florida Highway Patrol.

The decision comes as bloody gang violence rocks Haiti, which has continued to descend into chaos.

As Breitbart News reported:

The prime minister of Haiti, Ariel Henry, announced on Monday night he would resign “immediately” after the creation of a “Presidential Transitional Council” meant to take steps towards organizing a presidential election.

Henry’s announcement followed the near-total collapse of the country’s political infrastructure this week after he traveled to Kenya seeking law enforcement aid to subdue the increasingly powerful gangs overrunning the country. While Henry was out of the country, organized armed militias led by Jimmy “Barbecue” Cherizier, the head of the G9 Family of gangs, orchestrated a massive prison break and surrounded Port-au-Prince’s airport, making it impossible for the prime minister to return. Cherizier has, for years, demanded the ouster of the entire Haitian political class and last week threatened to plunge the country into “genocide” if Henry did not resign.

RELATED — Rep. Cory Mills Helps Rescue Americans from Haiti amid Gang Violence, Anarchy

Office of Rep. Cory Mills/LOCAL NEWS X /TMX

Over the weekend, the U.S. Southern Command (USSOUTHCOM) said it was airlifting non-essential personnel from the U.S. Embassy in Haiti amid the rising unrest.

Breitbart News’s John Hayward reported on March 14, “The U.S. Southern Command (SOUTHCOM) announced on Wednesday that the Marine Fleet Anti-Terrorism Security Team (FAST) has been deployed to Haiti to ‘maintain strong security capabilities at the U.S. Embassy in Port-au-Prince.’”

Sen. Roger Marshall: Democrats Want Open Border to ‘Build Their Census’

Migrants walk along the highway through Arriaga, Chiapas state in southern Mexico, Monday,
AP Photo/Edgar H. Clemente

Democrats want an open border to “build their census,” Sen. Roger Marshall (R-KS) said during an appearance on Breitbart News Daily, detailing the fight between Republicans and Democrats on the issue of border security.

Democrats in the Senate this week rejected the Laken Riley Act, and the White House has rejected it as well, urging Republicans to instead get on board with the highly flawed Senate immigration bill.

RELATED VIDEO — Sen. Roger Marshall Plans Resolution for “No Confidence” Vote Against Biden’s DHS Chief Alejandro Mayorkas:

C-SPAN

When asked by host Mike Slater why Democrats are opposing these legitimate efforts to secure the border and export criminal illegal aliens out of the country, Marshall said Democrats are actually trying to “build their census.”

“It is absolutely to build their census, so they can have more people,” he explained. “So when they do the census, the amount of government resources that are resources that go to your district is based upon that census, and they’re gonna be voting illegally.”

“And you know, so they help to grow their electoral college as well. California and New York are hemorrhaging people — people that are leaving because they’re tired of the violence. So they’re trying to backfill that so they keep the number of congressional seats, which adds to their electoral college,” he said, concluding that it is absolutely “politically motivated.”

LISTEN:

Further, Marshall said Democrats create crises and then think the government can solve them. But then, their solution actually causes more problems.

“Now the mayor of New York, Chicago are feeling the pain,” he said, explaining that they are now requesting monetary aid.

“It’s not going to solve the violence problems. To your point, the folks that came in from Venezuela, a lot of those are not good people. It’s a violent society. If you’ve ever been there, you understand just how violent that society is. These got-aways, 2 million got-aways in this country — there’s a reason they didn’t go through the regular process,” he added.

 Breitbart News Daily airs on SiriusXM Patriot 125 from 6:00 a.m. to 9:00 a.m. Eastern.

THERE'S NO GREATER THREAT TO AMERICA THAN JOE BIDEN!

Breitbart Business Digest: Immigration Will Not Lower Inflation

(Guillermo Arias/Getty Images; Jacquelyn Martin/AP Photo; BNN)
Guillermo Arias/Getty Images; Jacquelyn Martin/AP Photo; BNN

Border Chaos Has Added Millions of Foreigners to Labor Force

Immigration is not going to bail America out of our inflation mess.

The United States is experiencing an enormous surge of migrants. The Department of Labor says that the labor force has increased by 4.6 million foreign born workers during the Biden administration, including an additional 1.3 million so far this year.

That is likely an undercount because it is hard for the Labor Department’s household surveys to count new arrivals, especially when the numbers are rising so quickly.

We know that more than three million migrants who crossed the southern border are still in the U.S. An additional million or so who arrived at ports of entry without visas were allowed to remain in the U.S. because of the Biden administration’s expanded use of parole. Another 3.7 million have arrived with the proper paperwork allowing them to work.

The Democrat Border Crisis

This is a political crisis for President Joe Biden and the Democrats. Most Americans disapprove of the job Biden is doing as president. A quarter of those who disapprove just don’t like the guy, citing personal style or characteristics as the reason for their disapproval, according to Gallup News. Eighteen percent broadly disapprove of his performance.

Around 47 percent of those giving Biden a thumbs down cite his handling of specific issues, according to Gallup. The top three issues will not surprise you. They are immigration (19 percent), the economy (9 percent), and inflation (5 percent).

The Economist/YouGov survey asks registered voters to name the issue they find most important. Twenty-one percent say inflation, making it the top issue for the largest slice of voters. In second place is immigration, with 16 percent.

A group of migrants seeking asylum wear t-shirts reading “Biden, please let us in,” while waiting at the international border crossing in San Ysidro, Mexico, on March 2, 2021. (Stringer/picture alliance via Getty Images)

When the Economist/YouGov poll asks voters to evaluate Biden’s handling of immigration, 61 percent say they disapprove. Included in that figure is 45 percent who say they strongly disapprove of Biden on immigration.

That arguably makes immigration his worst issue, followed by inflation at 59 percent disapproval. But that is only arguably because inflation gets a larger share of voters saying they strongly disapprove, at 47 percent.

The Fantasy of Immigration Lowering Inflation

Faced with the prospect of losing the White House due to unpopular inflation and border policies, Democrats and their allies in the establishment media have recently started proclaiming that everyone has it all backwards. Immigration chaos is not another Biden policy crisis; it’s the solution to the inflation crisis.

They argue that immigration will bring down inflation because it increases the supply of labor. The additional supply of labor supposedly pushes down wages, which supposedly pushes down inflation. Bing, bang, boom.

If you are startled to hear that progressives are claiming that immigration pushes down wages, that’s completely understandable. For as long as anyone can remember, the American left (and a nontrivial portion of the corporate-allied American right) has argued that immigrants do not depress the wages of natives. Now that inflation is a problem for Democratic politicians, however, immigrants have somehow discovered how to drag down wages.

In any case, this argument flunks the most basic economic smell test because it depends on a form of single-entry bookkeeping. Immigrants do increase the supply of labor to domestic employers, but they also increase the demand for goods and services offered in the economy. Immigrants can fill jobs, but they need housing, food, schools for their kids, medical care, and transportation just like everyone else.

Migrants heading in a caravan to the United States walk on their way to Mexico City to request asylum and refugee status on October 29, 2021. (ISAAC GUZMAN/AFP via Getty Images)

Unless we have reason to believe that the immigrants are especially productive at work and ascetic in their spending, they are almost certainly consuming as much as they produce, which would make them a wash in terms of the balance of supply and demand. In the near term, however, they are almost certainly consuming more than they produce because they need to be fed and housed immediately but finding jobs that fit their skills will take time. This is one reason the influx of migrants has been such a drain on local government budgets: the demand of the new workers needs to be subsidized, at least in the short term, because their production is inadequate.

What’s more, the current immigration surge is unlikely to be supplying labor where it is most needed. It would be nothing short of miraculous if the chaotic situation along our border were to result in the admission of workers with the skills needed to fill the jobs U.S. employers have open. Most likely, many of the migrants are actually just displacing existing workers at the lowest rungs of the economy—and therefore suppressing wage growth of already low-income Americans—while leaving a very tight labor market at higher levels.

But inflation is not being particularly driven by increased demand from the poorest Americans. So, weighing down the wages of low-income households will not do much to reduce inflation.

A recent analysis from the Brookings Institution looked at the relationship between immigration and inflation and found that it does not reduce pressure on wages or inflation.

“Because in our assessment the increase in immigration resulted in both greater production and greater consumer demand, it likely produced little additional pressure on aggregate prices or wages,” the Brookings study found.

The Relationship of Wages and Inflation Are Complex

In any case, the precise nature of the relationship between wages and inflation is still hotly debated in economics. It’s far from clear that simply holding down wage growth will hold down inflation. Certainly, the surge in inflation in 2021 and 2022 does not seem to have depended on wage changes—nor has the disinflation that lasted from mid-2022 through the middle of last year.

Even if we grant that wages could drive inflation, the mechanism matters for the purposes of evaluating the impact of immigration. While some economists think of wages as a cost of business that can get passed on to consumers in the form of higher prices, the more credible model says that rising wages do not push up inflation but may pull it higher by giving workers more buying power. But in that case, immigration will not reduce inflation because it does not take away from worker income in the aggregate; it just spreads it around.

It’s hard to blame the Democrats for trying. It would be very convenient if they could solve the inflation problem by allowing the immigration crisis to continue. And if they could convince Americans that immigration lowered inflation, maybe they could make some progress in flipping those disapproval ratings. If the Fed would agree with them, maybe interest rates could come down as immigration rates go up.

That’s not going to happen. Migration chaos is a problem. It doesn’t lower inflation, and it certainly will not convince the Fed to lower rates.


Those low wages for illegals are subsidized by my stolen wealth and your stolen wealth (food stamps, government health insurance, housing vouchers, public school, etc.), both through taxation and debt and devaluation. Better late than never… I guess?

Princeton economist with a Nobel under his belt eats crow and does a U-turn on mass migration

Just yesterday, Breitbart News reported on Angus Deaton’s epiphany regarding the mass invasion of illegal foreigners into the American interior; he finally realized that importing millions of freeloaders to our welfare state isn’t such a good thing for the working class taxpayers, or the economy. Deaton is a Princeton economist and a Nobel recipient, so cut him some slack, he’s a little slower than the rest of us—remember, “the road to Hell is paved with Ivy League degrees” and apparently, Nobel Prizes too.

Here’s what Deaton had to say, in an editorial titled “Rethinking My Economics” and published by the International Monetary Fund:

The [economics] profession knows and understands many things. Yet today we are in some disarray. We did not collectively predict the financial crisis and, worse still, we may have contributed to it through an overenthusiastic belief in the efficacy of markets, especially financial markets whose structure and implications we understood less well than we thought.

Like many others, I have recently found myself changing my mind, a discomfiting process for someone who has been a practicing economist for more than half a century.

After making a case for how “economists” really have no clue what they’re talking about—that much was obvious when Deaton included “Karl Marx” in a list of economists, and considering that a majority of them assert debt is nothing more than a number—Deaton arrived at several new (to him) realizations. Most importantly, Deaton did a U-turn on his previous support for the mass importation of third-world foreigners into the U.S. homeland:

I had … seriously underthought my ethical judgments about trade-offs between domestic and foreign workers. We certainly have a duty to aid those in distress, but we have additional obligations to our fellow citizens that we do not have to others.

I used to subscribe to the near consensus among economists that immigration to the US was a good thing, with great benefits to the migrants and little or no cost to domestic low-skilled workers. I no longer think so [emphasis added].

Maybe the Royal Swedish Academy of Sciences ought to dole out another Nobel for his newfound and remarkable command of the obvious.

Deaton “seriously underthought” the ethical implications of a government stealing money from one person at the barrel of a gun, to hand it over to someone else who didn’t earn it? No kidding. How is this possible for such an “educated” guy? Those low wages for illegals are subsidized by my stolen wealth and your stolen wealth (food stamps, government health insurance, housing vouchers, public school, etc.), both through taxation and debt and devaluation. Better late than never… I guess?

Since Deaton is apparently behind the curve, a brief (and basic) economics lesson:

Importing tens of millions of third-world people with no skills and no money into a first world nation with an enshrined welfare state, does not benefit the people of that nation, as the latter are forced to foot the bill.

That’s it, class dismissed.

Image: Holger Motzkau, CC BY-SA 3.0, via Wikimedia Commons, unaltered.

Breitbart Business Digest: Younger Workers Turning Against Biden as Unemployment Rises

(iStock/Getty Images; Alex Brandon/AP Photo; BNN)
iStock/Getty Images; Alex Brandon/AP Photo; BNN

Americans Sour on Bidenomics

President Joe Biden’s attempt to convince America that Bidenomics is a blessing is not working —especially among younger Americans.

The Conference Board’s index of consumer confidence fell in February following three months of gains. The Rasmussen Reports Economic Index declined sharply enough in March to reverse four months of gains. The University of Michigan’s consumer sentiment index slipped lower after climbing for two months.

The Economist/YouGov survey of registered voters found that 51.3 percent say the economy is getting worse, up from 47.5 at the start of the year. Around 23 percent say the economy is staying about the same, and 23 percent say it is getting better, each down a little from the polling released on January 1.

Many pundits have tried to brush off these negative impressions of the economy as merely a function of partisan politics. No doubt, political allegiance certainly plays a role. People are more likely to describe the economy as improving when their party is running the government. But independents are more likely than the average voter to say that the economy is getting worse, at 53.5 percent; so, party allegiance does not explain everything.

Bidenomics Not Getting the Job Done for Younger Americans

The most recent survey by Economist/YouGov shows a very big upswing in registered voters under 30 taking the view that the economy is getting worse. In the poll released on March 4, 37.8 percent of younger voters said the economy was getting worse, and just 23 percent said it was getting better. That’s a big swing from just a few weeks ago, when the same poll found that 39.4 percent said the economy was getting better and 26.8 percent said it was getting worse.

The movement among young voters is so stark that you want to wonder if it is real. Time will have to tell. But the downward movement in other consumer confidence measures suggests that it may be more than noise.

The Economist/YouGov poll also asks voters whether they are better off financially than a year ago. Some analysts think this is a better question than those asking about the state of the economy because it is less likely to be affected by things such as the tone of media coverage. A respondent may not know what’s going on with the national economy, but they probably understand their own situation pretty well.

This also worsened recently. The March 4 poll shows that 42.9 percent say they are worse off financially than a year ago, up from 40.4 percent at the start of the year. That’s not a huge movement, but it does show that the Biden administration’s cheerleading is not improving morale.

The poll also shows a big jump in unhappiness among younger voters. At the start of the year, 34.2 percent of under 30s said they were better off, and 17.7 percent said they were worse off. In the most recent poll, 34.3 percent said they were worse off, and 23.7 said they were better off.

What’s going on with younger Americans? The employment situation appears to have deteriorated among young workers in February. While the overall unemployment rate increased from 3.7 percent to 3.9 percent, for workers between 20 and 24 years old it increased from 5.9 percent to 7.2 percent. That’s the highest unemployment rate for this cohort since December 2022.

The jump was driven by a big increase in unemployment among young women. For women between 20 and 24, unemployment rose from 4.9 percent to 6.4 percent. For young men, it rose from seven percent to 7.9 percent. While those levels are not high by historical standards, the increase is notable in an otherwise tight labor market.

The fact that the economy took a turn for the worse among younger Americans may spell political trouble for Biden. Democrat candidates for president need to do especially well among young voters to win. Biden’s job approval rate among under 30s has plunged from 59.6 percent at the start of the year to 51.6 percent in the most recent Economist/YouGov poll.

Perhaps the most unexpected political development of this year so far is that Biden’s age problem is about youth.


Bidenomics after 37 Months: Six Charts the Media Don’t Want You to See

CRAIG BANNISTER | MARCH 13, 2024
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Liberal media are declaring Bidenomics a success – but, after three years, hard numbers tell a much different story, regardless of whether the measure is how much Americans are paying, earning or saving.

Gas prices:

While gas prices held steady under Pres. Donald Trump (down four cents a gallon), they’ve surged 38% in the first 37 months of Pres. Joe Biden’s term. From January 2021 to February of 2024, the average price of a gallon of gas (all grades) has increased from $2.42 to $3.33, according to the U.S. Energy Information Administration.

Gas Prices

Real Wages:

After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the fourth quarter of 2023, average real earnings had fallen to $371.

Under Trump, however, real wages rose from $352 on January 1, 2017, to $373 on January 1. 2021.

Real wages are calculated using Bureau of Labor Statistics (BLS) median usual weekly earnings for full-time employees at least 16 years old and are represented in terms of quarterly 1982-84 Consumer Price Index (CPI) seasonally-adjusted dollars.

Real Wages

Mortgage Rates:

It’s also costing far more to finance a home purchase under the Biden Administration.

Mortgage rates today are more than twice the average rate home buyers paid when Trump left office, Freddie Mac data reveal. Under Biden’s predecessor, the average 30-year fixed mortgage rate fell by a third, from 4.09% to 2.77%. But, by March 7, 2024, mortgage rates had more than doubled, to 6.9%.

Mortgage Rates

Savings Rates:

With Americans having to spend more than their earnings increased, their average savings rate has declined under Biden.

From February 1, 2017 to February 1, 2021, the average personal savings rate increased 129%, from 5.6% to 12.8%. But, by January 1 of 2024, it had plunged to 3.8% - less than a third of its pre-Biden level – according to Federal Reserve Bank of St. Louis (FRED) calculations, incorporating BLS data.

Savings Rates

Consumer Price Index:

Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.

In contrast, prices have already risen more than twice as much, 18.5%, in just 37 months under Biden. Three-fourths of the way through his term, the CPI has risen from 262.518 in January of 2021 to 311.054 last month (February 2024), putting it on pace to increase nearly three times as much as it did during Trump's full, four-year term. On a monthly basis, inflation averaged 1.9% under Trump, compared to 5.6% under Biden, thus far.

Prices Going Up

Persistent Inflation

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

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