Joe Biden and his fellow Democrats have abandoned the term “Bidenomics” as Americans reject their economic message, and Republicans have turned the term into a pejorative.
The numbers: According to an analysis by Axios, here’s how often Biden mentioned the term “Bidenomics” during public appearances:
Most notably, Biden didn’t mention the term once during his State of the Union this month.
Trickle-down Bidenomics: Joe’s fellow Democrats have also abandoned the term. For instance, in July 2023, Congressional Democrats used the term 483 times in addresses and on social media. In March? Ten times.
Weaponizing Bidenomics:Axios points out that “Republicans are now using the term — mockingly — far more than Democrats.” For an example, look no further than the ‘First Word’ in yesterday’s newsletter.
Big picture: The real reason Democrats abandoned the term is they couldn’t sell it to the American people who are suffering from the effects of Bidenflation, which is up roughly 20 percent since Joe took office.
A recent Fox News poll found that 61 percent of Americans disapprove of Biden’s handling of the economy, vs 38 percent who approve.
Joe Biden and his fellow Democrats have abandoned the term “Bidenomics” as Americans reject their economic message, and Republicans have turned the term into a pejorative.
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Editor’s Notes
Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.
It’s fascinating to watch them give up on this theme, especially given the major assistance the Biden campaign is getting from the corporate media on “hOw WeLL tHe eCoNoMy iS dOinG
It’s fascinating to watch them give up on this theme, especially given the major assistance the Biden campaign is getting from the corporate media on “hOw WeLL tHe eCoNoMy iS dOinG show more
New Jersey motorists are set to endure substantial increases for their traveling needs as Governor Phil Murphy, a Democrat, signed a bill on Tuesday enacting an almost ten cents per gallon rise in the state’s gas tax over the next five years. The bill also imposes a novel registration fee on electric vehicles.
Advocated predominately as a step to replenish the state’s rapidly depleting Transportation Trust Fund (TTF), legislators stand behind the tax hike. The New Jersey Senate and Assembly gave the bill the green light last week, culminating in Murphy’s approval on Tuesday.
Murphy asserts that the revamped gas tax and new EV fee could generate approximately $6.7 billion annually for the TTF, meant to finance maintenance and upgrades for New Jersey’s transportation infrastructure. The tax increase and EV fee become applicable from July 1.
The taxes on gas and diesel in New Jersey are already considered among the nation’s highest, where drivers pay 42.3 cents per gallon of gas and 49.3 cents for diesel. These charges are aligned with state revenue targets and can decrease with surplus or spike amidst a shortage. The approved law also forces EV drivers to contribute $250 annually to the TTF, which will increase by $10 per year until it hits $290 per driver in 2028.
While the legislation proceeded along party lines, lawmakers from both sides expressed concerns about the potential adverse impacts on the state’s motorists.
The tax increase comes as drivers are already struggling with skyrocketing gas prices resulting from the Biden regime’s mishandling of the economy. The average price of a gallon of gas has exceeded $3 for 974 days in a row — or nearly three years — under Biden’s stewardship.
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New Jersey motorists are set to endure substantial increases for their traveling needs as Governor Phil Murphy, a Democrat, signed a bill on Tuesday enacting an almost ten cents per gallon rise in the state’s gas tax over the next five years. The bill also imposes a novel registration fee on electric vehicles.
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Global consulting firm Roland Berger has published a study projecting the infrastructure required to support electric medium and heavy-duty trucks will cost over $1 trillion.
This analysis, conducted on behalf of the Clean Freight Coalition, projects a $620 billion investment for the construction of new charging stations, chargers, and site infrastructure, in addition to increased utility service fees. An estimated $496 billion is predicted to be needed for on-site charging stations alone. Heavy-duty truck chargers could cost as much as $145,000 per vehicle, with medium-duty models coming in at $54,000.
The study anticipates that utilities must contribute approximately $370 billion to upgrade the grid to meet the heightened electricity demand brought on by electric truck charging. The report also expects an investment of $69 billion to establish local on-route charging and an additional $57 billion for a highway charging network for long-haul trucking opportunities.
Roland Berger recommends exploring alternative routes for decarbonization, considering the prohibitive investments associated with electric fleet transition. They also warn of the possibility of increased freight costs, which could impact consumers, without sufficient government and regulatory support.
Increased state support for electrification could also hurt consumers by leading to an increased burden in terms of tax and government debt.
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Global consulting firm Roland Berger has published a study projecting the infrastructure required to support electric medium and heavy-duty trucks will cost over $1 trillion.
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Several controversial Democratic earmarks have been included in the second half of this year’s congressional budget request, drawing sharp criticism from conservative groups. Included in the 1,000-page budget document, released in the early morning hours on Thursday, are earmarks aimed toward LGBTQ+ ‘healthcare’ facilities and late-termabortion clinics. Another Democrat earmark funds a multi-million-dollar research project on “gun confiscation.”
The non-profit group Americans Advancing Freedom has criticized the Congressional appropriations package, stating: “Congress can’t pass this legislation in its current form until these egregious earmarks are weeded out.” Conservative critics are also alarmed by what they perceive as a disregard for transparency, with the budget text released in the middle of the night and a rush by Congressional leadership to adopt the legislation.
Some of the Democrat earmarks include a $400,000 appropriation for Wisconsin’s Briarpatch Youth Services, a facility running the “Teens Like Us LGBTQIA2s+” program, and the “Gender Affirming Clothing Program.” The youth center offers pride-prom events as well, permitting LGBTQ youth to participate without parental consent.
Senators Cory Booker (D-NJ) and Bob Menendez (D-NJ) have also requested $400,000 for the Garden State Equality Education Fund. This major LGBTQ+ advocacy group provides certain undergarments for transgender individuals. Additional earmarks involve a $1.8 million request for a Rhode Island hospital performing elective late-term abortions and a $12.5 million appropriation for a National Institutes of Health study focused on firearm control, which opponents deem as ‘research’ into gun confiscation.
The House of Representatives is expected to vote on the appropriations package late on Saturday, with the Senate likely to take up the legislation quickly after that.
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Several controversial Democratic earmarks have been included in the second half of this year’s congressional budget request, drawing sharp criticism from conservative groups. Included in the 1,000-page budget document, released in the early morning hours on Thursday, are earmarks aimed toward LGBTQ+ ‘healthcare’ facilities and late-termabortion clinics. Another Democrat earmark funds a multi-million-dollar research project on “gun confiscation.”
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FICO reports announced that the average credit score in the United States dipped for the first time in a decade, indicating Americans may be struggling with financial distress as they endeavor to make timely credit payments and bolster their savings. Ethan Dornhelm, FICO’s VP of scores and predictive analytics, identified a lack of savings buffer in households as one likely culprit for the lower credit scores. As the COVID-19 pandemic subsided and consumer spending increased, data showed a drawn-down of savings among American households.
The national average FICO Score, the commonly used yardstick for creditworthiness, logged at 718 from April to July 2023. By October, the average slipped to 717, indicating the possible impact of inflation and high interest rates on consumers’ finances. FICO says their data shows missing payments and climbing consumer debt levels are having a considerable impact on decreasing credit scores.
Dornhelm noted that pandemic-era financial relief programs such as stimulus checks and other government aid, which significantly bolstered consumers’ credit managing ability, are a thing of the past, leaving Americans to manage their credit responsibilities independently.
Additionally, a separate study by Assurance IQ revealed that many Americans, including those earning $75,000 or more annually, had to strategize new ways to cope with expenses last year, with borrowing and resorting to credit cards being the most common financing alternative. Predictably, reliance on lines of credit and payment plans was tougher on households earning less than $75,000 annually, with nearly half acknowledging they had to borrow funding to meet their 2023 expenses.
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FICO reports announced that the average credit score in the United States dipped for the first time in a decade, indicating Americans may be struggling with financial distress as they endeavor to make timely credit payments and bolster their savings. Ethan Dornhelm, FICO’s VP of scores and predictive analytics, identified a lack of savings buffer in households as one likely culprit for the lower credit scores. As the COVID-19 pandemic subsided and consumer spending increased, data showed a drawn-down of savings among American households.
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President Joe Biden’s plan to strengthen domestic “U.S.-based” supply chains for his green energy agenda will further strengthen China.
A Cartersville, Georgia facility owned by QCells — a subsidiary of South Korean corporate conglomerate Hanwha — will remain reliant on the China-based Shanghai Lianfeng Gas Co. for technology used in argon-gas recycling. QCells has billed its Cartersville facility as “a fully-integrated solar supply chain factory” and received praise from President Joe Biden’s allies in Congress.
The Biden government has encountered considerable problems in its effort to re-shore industrial supply chains. Despite trying to brand much of the President’s green energy agenda as a boon for U.S. industries, critics have pointed out that Biden government regulators — like the U.S. Treasury Department — have used their statutory discretion to waive restrictions on foreign-sourced manufacturing.
Billed as a ‘flagship’ facility as part of Biden’s green agenda, the QCells operation in Georgia has received a bevy of tax credits through the Inflation Reduction Act and Sen. Jon Ossoff’s (D-GA) Solar Energy Manufacturing for America Act. After Congress adopted his legislation, Sen. Ossoff cheered the passage: “Demand for solar energy is skyrocketing, and we need to be building and manufacturing this technology here in the United States, reduce our reliance on imports from China, and meet the moment.”
The promise to reduce reliance on Chinese manufacturing and technology has rung hollow with the QCells facility in Georgia. Likewise, the Biden government’s promise that tax credits meant to promote a domestic electric vehicle industry has largely benefitted battery and auto-part manufacturing in Canada and Mexico. After the U.S. Treasury Department under Secretary Janet Yellen used statutory discretion to continue redefining “Made in America,” some electric vehicle credits even subsidized manufacturing facilities in Southeast Asia.
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President Joe Biden’s plan to strengthen domestic “U.S.-based” supply chains for his green energy agenda will further strengthen China.
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Federal Trade Commission (FTC) chairwoman Lina Khan is one of the few appointees in the Biden government to draw praise from across the political aisle. Khan’s aggressive approach to anti-trust action and her ongoing battle for consumer privacy against data brokers has earned her praise from a handful of House and Senate Republicans.
“I hope her work continues in the Trump administration,” Rep. Matt Gaetz (R-FL) recently told NOTUS in an interview. He added: “Her work against data brokers has been very important. Her work against some of the consolidated market power that hurts consumers has really inspired me.”
The populist wing of the Republican Party in Congress — some of former President Donald Trump’s most ardent supporters — sees an ally in Khan. As chairwoman of the FTC, Khan has been most active in fighting against consolidation of corporate power — especially in the technology industry. It is this battle against ‘BigTech’ that has earned Khan most of her accolades from the political right.
“I probably am one of the few Republicans who thinks Lina Khan is doing a good job,” said Sen. J.D. Vance (R-OH) before continuing: “I think she has some justifiable concerns about corporate concentration.”
Another Senate ally of former President Donald Trump, Sen. Mike Braun (R-IN), has even found common ground with the arch-progressive Sen. Elizabeth Warren (D-MA) on anti-trust efforts — agreeing with the former Democrat presidential candidate that free markets need a degree of policing to truly be competitive.
“She’s willing to take on some of those industries that look like nobody can take them on and make them more competitive,” Braun said of Khan’s leadership at the FTC, warning critics of the chairwoman: “If you don’t make the effort, you’re promoting oligopolies and monopolies.”
Khan’s aggressive pursuit of anti-trust action against corporate consolidation in tech and other industries has drawn the ire of neo-liberal and globalist organizations like the U.S. Chamber of Commerce, The Wall Street Journal’s editorial page, the Jeff Yass-funded Club for Growth, and the network groups funded by Charles Koch. Sen. Ted Cruz (R-TX) has also been a vocal critic of Khan’s FTC tenure. According to Cruz, Khan is “extreme and radical.” However, most of the Texas Republican’s criticism has been regarding her management style — rather than the substance of her policy and legal actions against Big Tech and other industries controlled by business cartels and monopolies.
“A lot of these people that go work in government positions that interface with big business, they want to create the virus for the sole reason of selling the antidote when they get out,” Gaetz said before concluding: “She’s not; she’s actually doing good work.”
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Federal Trade Commission (FTC) chairwoman Lina Khan is one of the few appointees in the Biden government to draw praise from across the political aisle. Khan’s aggressive approach to anti-trust action and her ongoing battle for consumer privacy against data brokers has earned her praise from a handful of House and Senate Republicans.
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Denver’s economic challenges continue to mount as the Democrat-controlled ‘sanctuary city’ struggles with increasing numbers of illegal immigrants. Within a little over a year, the city council has seen costs for feeding its illegal population surge. In December 2023, the city allocated $100,000 for a contract to provide food for its illegal aliens. By January of 2024, the food costs had increased to $475,000. Last month, the city had to pay an additional $450,000 in food costs, with another $500,000 expected to come due in June.
In total, the city has spent around $1.4 million in taxpayer dollars on the feeding of its illegal alien population. With almost 40,000 migrants arriving in the past year in response to Denver’s sanctuary city status, the city’s budgetary stress is reaching crisis levels.
The increased contract costs come as Denver is wrestling with a nearly $60 million budget deficit — exacerbated by the financial demands of offering food, shelter, and additional services to arriving migrants. Mayor Mike Johnston stated that to retain the existing services for illegal immigrants, taxpayers could face costs upwards of $100 million over the forthcoming year.
Denver has obtained some aid from the state and federal government, including a $3.5 million reimbursement from Colorado’s state government and a $1.6 million federal advance from the Biden government’s Department of Homeland Security. An additional $12.2 million in potential federal reimbursements is currently under review.
Democrat-controlled ‘sanctuary cities’ across the country have come under increasing fiscal strain from growing illegal immigrant populations. While many have turned to the Biden government for federal aid, New York City’s mayor, Eric Adams, has pushed to end the Big Apple’s status as a ‘sanctuary city.’
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Denver’s economic challenges continue to mount as the Democrat-controlled ‘sanctuary city’ struggles with increasing numbers of illegal immigrants. Within a little over a year, the city council has seen costs for feeding its illegal population surge. In December 2023, the city allocated $100,000 for a contract to provide food for its illegal aliens. By January of 2024, the food costs had increased to $475,000. Last month, the city had to pay an additional $450,000 in food costs, with another $500,000 expected to come due in June.
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President Joe Biden is pushing forward with his green agenda, reportedly preparing to introduce strict emissions restrictions that could — in essence — compel electric vehicle (EV) sales. The Environmental Protection Agency looks set to implement regulations the Biden government surmises could propel EVs to account for roughly two-thirds of new car and light truck sales by 2032, a notable increase from less than 10 percent last year. Such measures aim to reduce pollution and CO2 emissions and align with the U.S.’ commitment to the Paris Agreement, which proposes significantly lowering greenhouse gas emissions by 2030.
The transportation sector remains the United States’ most significant contributor to climate pollution. Manish Bapna, chief of the Natural Resources Defense Action Fund, suggested that reducing transportation’s 20 percent carbon footprint is essential to achieving “real, concrete progress.”
However, the President will have to navigate new emission regulations amidst resistance from Michigan voters and auto industry workers who are cautious of an abrupt shift to EVs. American automakers emphasize that these EV targets are unachievable without improved charging infrastructure. Auto industry economists note that the rising labor costs combined with the need for expensive EV infrastructure make electric vehicles less attractive to consumers at price points. The high costs may pressure the EPA to back down and establish more moderate emission reduction goals in the short term, though still targeting the same 2032 objectives.
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President Joe Biden is pushing forward with his green agenda, reportedly preparing to introduce strict emissions restrictions that could — in essence — compel electric vehicle (EV) sales. The Environmental Protection Agency looks set to implement regulations the Biden government surmises could propel EVs to account for roughly two-thirds of new car and light truck sales by 2032, a notable increase from less than 10 percent last year. Such measures aim to reduce pollution and CO2 emissions and align with the U.S.’ commitment to the Paris Agreement, which proposes significantly lowering greenhouse gas emissions by 2030.
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Tyson Foods, a major American producer of meat, is facing boycott calls after its Human Resources associate director Garrett Dolan told Bloomberg, “We would like to employ another 42,000 [migrants] if we could find them,” during an interview about the firm’s involvement in the Tent Partnership for Refugees program founded by Chobani. Tent is led by Obama-era White House staffer Gideon Maltz.
The firm insists on its website that recent media coverage on the matter is “misinformation,” adding, “Tyson Foods is strongly opposed to illegal immigration, and we led the way in participating in the two major government programs to help employers combat unlawful employment, E-Verify and the Mutual Agreement between Government and Employers (IMAGE) program.”
But the distinction appears to be mostly semantics, with Tyson actually relying on the Biden government’s fast-tracking of employment authorizations for millions of people in the country illegally. The Trump administration had previously suspended such authorizations. In April last year alone, the United States Citizenship and Immigration Services (USCIS) said they were processing 535,764 pending authorization petitions, also known as Employment Authorization Documents (EADs). The move to relax restrictions on these was one of the first things the Biden government and its Attorney General Merrick Garland did after taking office.
Moreover, Tyson already employs 42,000 immigrants amongst its 120,000-strong labor force, further undercutting their claims to have been the subject of “misinformation.”
America First Legal, a Trump-world advocacy group, latched on to the discriminatory statement made by Dolan, stating: “It is ILLEGAL under federal law to discriminate against American citizens based on their citizenship in favor of non-citizens of any kind when it comes to employment.”
The meat firm also invests cash into legal aid services for their migrant employees, provides them paid time off for any court appearances, as well as childcare and transportation, and English classes.
“They’re very, very loyal,” Dolan said. “They’ve been uprooted and what they want is stability — what they want is a sense of belonging.” It is unclear if Dolan is suggesting that U.S. workers are disloyal, do not want stability, nor a sense of belonging.
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Tyson Foods, a major American producer of meat, is facing boycott calls after its Human Resources associate director Garrett Dolan told Bloomberg, “We would like to employ another 42,000 [migrants] if we could find them,” during an interview about the firm's involvement in the Tent Partnership for Refugees program founded by Chobani. Tent is led by Obama-era White House staffer Gideon Maltz.show more
Editor’s Notes
Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.
Companies that are part of Tent include: AA Accenture Adidas AirBnb Amazon American Airlines Amex AT&T Avis Bank of America Ben & Jerry’s Blackstone Bloomberg Boar’s Head The Body Shop Burger King Chobani Coca Cola Costa CVS Delta Diageo DoorDash Ebay Etsy Facebook FedEx Firehouse Subs Footlocker Gap General Electric General Motors Goldman Sachs Google GoPuff Gucci H&M Hello Fresh Hilton Holiday Inn Vacations HP HSBC Hyatt IHG Ikea Johnson & Johnson KFC Kraft Heinz KPMG Krispy Kreme L’Oreal LinkedIn Lyft Marriott Mastercard McCain McDonalds Microsoft Monarch Mondelez Netflix Nordstrom PayPal PepsiCo Pfizer Philips Popeyes Pret a Manger Rosetta Stone Salesforce Shell Shopify Starbucks Swarovski TacoBell TD Ameritrade Twitter Uber Ubisoft Ulta UnderArmour Unilever Uniqlo UPS Verizon Virgin Visa Volkswagen Wegmans WeWork Wix Wayfair Warby Parker There are more, here
Companies that are part of Tent include: AA Accenture Adidas AirBnb Amazon American Airlines Amex AT&T Avis Bank of America Ben & Jerry’s Blackstone Bloomberg Boar’s Head The Body Shop Burger King Chobani Coca Cola Costa CVS Delta Diageo DoorDash Ebay Etsy Facebook FedEx Firehouse Subs Footlocker Gap General Electric General Motors Goldman Sachs Google GoPuff Gucci H&M Hello Fresh Hilton Holiday Inn Vacations HP HSBC Hyatt IHG Ikea Johnson & Johnson KFC Kraft Heinz KPMG Krispy Kreme L’Oreal LinkedIn Lyft Marriott Mastercard McCain McDonalds Microsoft Monarch Mondelez Netflix Nordstrom PayPal PepsiCo Pfizer Philips Popeyes Pret a Manger Rosetta Stone Salesforce Shell Shopify Starbucks Swarovski TacoBell TD Ameritrade Twitter Uber Ubisoft Ulta UnderArmour Unilever Uniqlo UPS Verizon Virgin Visa Volkswagen Wegmans WeWork Wix Wayfair Warby Parker There are more, here show more
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