NELLES: Biden’s Self-Inflicted Energy Crisis Will Wreck Christmas for Most Americans.

Remember the good ole days… way back in 2020… when the United States was an exporter of energy and the price of gas was $2.17 per gallon? Today, the United States – and indeed the world – is in a self-inflicted energy crisis. Globally, the energy sector is a complete disaster. “Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of ‘the first truly global energy crisis,’ the head of the International Energy Agency (IEA) said.” While the Biden government celebrates the price of gas coming down from

NELLES: Will The Housing Market Collapse Next?

The U.S. housing market continues to stumble as rising interest rates reduce the demand for mortgages and make homes more difficult to sell. But will the bottom fall out of the market? The 30-year “fixed-rate mortgage averaged 6.94%… as of Thursday (October 20, 2022), up from 6.92% a week ago… A year ago this time, the 30-year rate averaged 3.09%.” As one would expect, these high mortgage rates are driving applications to near record lows. “Mortgage applications decreased 4.5% on a seasonally adjusted basis for the seven-day period ending October 14.  Application activity fell for the ninth time in 10

NELLES: How The Mississippi River Could Complicate U.S. Inflation.

What do agricultural products, fertilizer, oil, and coal have in common?They all travel on the Mississippi River to reach the consumers who use those commodities.The challenge is that the river is at historically low levels and the barges carrying these products cannot transit. Per Bloomberg, a drought has created low water levels that “are causing severe impacts to navigation not seen since 1988.”  Nearly all the Mississippi River basin, “from Minnesota through Louisiana, has seen below-normal rainfall since late August. The basin from St. Louis south has been largely dry for three months, according to the National Weather Service.” This

NELLES: Americans Are Borrowing More Than Ever, and Biden’s ‘Zero Inflation’ Lie Will Only Make It Worse.

President Biden claimed on Wednesday, August 10 that, “today we received news that our economy had zero percent inflation in the month of July – zero percent,” despite the fact that the Consumer Price Index (CPI), the measure of inflation, was up 8.5 percent versus July 2021.  While the CPI was down from its 9.1 percent June number, it is still extremely high, and certainly not zero. The decrease in acceleration of the inflation rate was driven primarily by a decrease in gas prices. Per Bloomberg, “while a drop in gasoline prices is good news for Americans, their cost of

NELLES: Those ‘Transitory’ Supply Chain Issues? Uh, They’re Here for a While, And Here’s Why…

Do you remember being told inflationary pressures were transitory? You were told the same thing about the supply chain issues, and that our Secretary of Transportation, Mayor Pete, would fix everything once he returned from paternity leave. Much like inflation, the supply chain disaster is not transitory, and will likely be with us through 2023, when a pending global recession and stagflation will allow it to recover. There are four major drivers of the supply chain problems the global economy is facing: challenges in Asia, ocean freight and port issues, over-the-road trucking issues, and labor. Challenges in Asia. Asia is a

NELLES: Biden Could Quickly Arrest Inflation With These Steps… If He Really Wanted To.

Despite prior warnings, the 39-year high in U.S. inflation was still received as a “surprise” by many. “The pace of inflation escalated to 6.8% from 6.2% in the prior month… more than triple the Federal Reserve’s 2% target… the highest rate since July 1982,” per MarketWatch. Using the inflation formula that was used in the 1970s, inflation is above 13 percent. The formula was changed in 1980 to downplay the inflation risk and to manipulate public opinion. In addition, “soaring inflation is outstripping the biggest worker wage increases in decades. Inflation-adjusted hour pay was 1.9 percent lower in November compared

These Gun Myths Are Driving Biden’s Anti-2nd Amendment Policy Push.

The numbers are maddening and heartbreaking:  614 Chicagoans were shot in July 2021, compared to 561 in the same month last year, per the NBC5 Chicago.   According to the same report, there have been 1,973 shootings in the city, with 2,471 total victims during the first seven months of this year.  Both of those numbers are up over last year’s statistics and dwarf the numbers in 2019, when there were 1,210 shootings and 2,471 total victims. There have been 445 homicides in Chicago through the end of July 2021.  To put the homicide number in perspective, from Memorial Day

GRAPHICS: Biden’s ‘America Last’ Ideas Crushed the Working Class in Just 100 Days.

America’s poor have suffered tremendously over the past 14 months. Now comes the real pain. Inflation rose at its fastest pace in 12 years during April, per the U.S. Department of Labor. The Consumer Price Index was up 4.2 percent from a year earlier. Per CNBC, the “increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981.” Just over one year ago oil producers had to pay their customers to take delivery of crude oil due to the massive drop-off in travel driven by the