Economy - Loyal Conservatives

Biden Administration Set On Jeopardizing House GOP Israel Spending Bill

The White House announced on October 31 that President Joe Biden will reject the House GOP measure that would have provided supplementary funds to Israel while stripping financing to the Internal Revenue Service. The proposal would provide Israel with $14.3 billion in aid after terrorist strikes from Hamas and Hezbollah impacted the country and have an extensive counterattack planned in Gaza. Democrats oppose the bill because it would cut off the same amount of money for …

Economic Outlook Under Biden: CPI Report Points to Pressing Housing Cost Concerns and More

The U.S. annual inflation rate for September remained steady at 3.7%, slightly surpassing the anticipated 3.6%, as the Bureau of Labor Statistics (BLS) reported. Monthly, inflation rose 0.4%, decelerating from August’s 0.6% but still higher than expected. A large portion of the increase can be attributed to the rising costs of shelter, which accounted for more than half of the monthly Consumer Price Index (CPI) surge. Excluding the unpredictable energy and food sectors, core inflation …

New Poll Shows Dramatic Shift in Opinion as GOP Candidates Express Frustration

A recent Gallup poll has indicated that a significant number of voters prefer the GOP (Republican Party) to handle the nation’s most pressing issues, signaling a potential shift in public sentiment after more than 32 months of Joe Biden’s presidency. The survey suggests that many voters do not favor Biden’s policies and the current direction of the Democratic Party. Key findings from the poll include: Meanwhile, the Republican National Committee (RNC) is facing criticism at …

House Passes Stopgap Amidst GOP’s Cry for Investigation into Democrat Rep’s Fire Alarm Antics

A temporary funding bill was passed by the House of Representatives on Saturday to prevent the federal government from shutting down. This bill will keep the government offices open for the next 45 days. However, it does not include any funding for Ukraine, which had been present in several Senate versions of continuing resolutions. The New York Times reported that the bill was passed with a majority of 335-91, with 209 Democrats and 126 Republicans …

House Approves 4 Bills, MTG Slashes Defense Secretary Pay to One Dollar

According to several Republicans familiar with discussions, House Republicans privately acknowledge that the government shutdown may continue for at least two weeks. There is pressure to reopen the building before the military is due to receive their next paycheck in the middle of October. “The only thing that I think will pass the House in the Senate is a clean CR without Ukraine funding on it,” said Sen. Rand Paul (R-Ky.). He further added that …

Recession Warnings Escalate as Principal Economic Indicator Declines Again

The Conference Board’s pivotal economic metric has decreased for the 17th consecutive month due, in part, to the Federal Reserve’s aggressive rate hikes. The Leading Economic Index (LEI), a predictive gauge comprising ten distinct indicators, diminished by 0.4 percent in August, marking a six-month decrease of 3.9 percent in the LEI measure, engineered to forecast business cycle alterations, including recessions. A senior manager at the Conference Board, Justyna Zabinska-La Monica, pointed out that the US …

GOP Outraged: Is Biden Prioritizing Ukraine Over Struggling Americans?

In a recent visit to Washington D.C., Ukrainian President Volodymyr Zelensky emphasized the dangers of withholding military and financial aid to Ukraine in its conflict with Russia to President Joe Biden. Responding to Zelensky’s concerns, Biden pledged to continue supporting Ukraine and has agreed to supply ATACMS long-range missiles to Kyiv. Biden also assured that Ukraine’s aid would remain unaffected in the event of a U.S. government shutdown. This commitment was further underscored when Biden …

Behind Biden’s Job Report: Disturbing Facts We Can’t Ignore

Amid the prevailing aftermath of the payroll report, attention has fixated on the disparity between the initially robust (though soon-to-be downwardly adjusted) headline payroll figure of 187,000 (barely surpassing the forecast of 170,000), juxtaposed with the unexpected spike in the unemployment rate from 3.5% to 3.8%, marking the highest level since February 2022. Delving deeper into today’s job assessment, the grim truth behind the economic impact of the Biden administration’s fiscal policies is becoming vividly …

Biden Administration Ceiling Fan Restrictions: Get Ready to Save a Measly 4 Dollars

Following the precedent of regulations imposed on gas stoves and portable gas generators, the United States Department of Energy (DOE) recently proposed new rules to set energy efficiency criteria for ceiling fans. The regulation, announced in June by the DOE, would mandate increased efficiency in ceiling fans. Consumers who use a conventional fan could save as much as $39.84 throughout the six to ten-year lifespan of the equipment. An estimated 85 million homes in the …

Red Alert: The Unspoken Consequences of Biden’s Clean Energy Push That Democrats Don’t Want You to Know

In anticipation of the forthcoming presidential elections, the White House has kickstarted a new public relations strategy called “Bidenomics,” crafted to shape President Joe Biden’s economic blueprint. While addressing a union assembly in Philadelphia on June 17, the president suggested this model was successful, despite its elusive definition. So, what is the essence of Bidenomics, and how effective is it? A White House communique delineates Bidenomics as a triad of components: The White House asserts …