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An Alarming Report

The Riddle Report 03 26 2021

Alarming News on Inflation

As I have predicted concerning the Biden/Harris Administration, their actions are going to lead to inflation.

I follow Dick Morris and in a recent report he pointed out that the pressures are overwhelming, and that inflation is coming. He pointed out that unlike Americans, Europeans, and others look not on daily prices but on the value of the dollar. And the pressures caused by stimulation money plus new taxes that are about to come down plus environment regulations and labor regulations, inflation is coming.

The formula of the stimulus package plus higher taxes plus environmental and labor regulations leads to inflationary pressures. These in turn will lead to corporations providing less goods and services while higher capital gains taxes leaves less money to invest in new plant and equipment, higher income taxes means less job creation, and environmental and labor regulations leads to constraining the supply of goods when supply demand is about to explode.

News Item #1 Stimulus.

While the stimulus payments to people are needed and will help people, I see the stimulus package as doing more harm than good.

Why?

Because of the pork!                        

Helping out states that have been impacted by the Chinese Virus is one thing but bailing out states that have mismanaged their state’s tax flows and expenses is quite another. It is pork.

Another interesting aspect of this is that nearly all of the states affected are Blue (Democrat) states. And the Red (Republican) states affected appear to lean left.

Apparently, fact checkers don’t dig very deep. They accept the Biden/Harris explanation of where the money is going and don’t really check them.

In the case of the states receiving money, when you dig deeper you find that the states can spend part of their 350 billion dollars on such items as abortion. Whatever your position on abortion is, that is not pandemic relief!

News Item #2 More Pork

Here is a partial list of recipients:

  • Provider Relief Fund – $8.5 billion
  • Public Health Workers $7.66 billion
  • Community health centers – $7.6 billion

This is again available for abortion services!

This is government running wild. It is beginning to look like the House had its agenda, the Senate has its agenda, and the President has another agenda.

News Item #3 Foreign Affairs

In what world does foreign affairs have a part in a stimulus package?

There may be just reasons for giving them money. That is not what this blog is discussing. But that money is supposed to be stimulus money and should stay home!

How much are we talking about?

$10 billion.

News Item #4 We have a Crisis!

Most arguments tend to center upon how much money is going for this or that. And I have demonstrated that tons of money is going for non-pandemic issues. But the amount of money is missing the whole point.

There should not be going $1 (that is one dollar) to non-pandemic issues. Helping low-income people is related and a priority; staving off evictions is a priority; helping restaurants and other businesses forced to close because of pandemic, a must.

But using a crisis as an opening to get pet issues taken care of is immoral. Perhaps some of those pets are really needed. Then work on pet relief!

We expect those in power to exercise responsibility, especially fiscal responsibility! But the Biden/Harris and Pelosi/Schumer teams are more concerned with political expediency than in handling a crisis.

With nothing indicating a change of mind, we are heading for a disaster. We now have thousands of immigrants coming into the United States and staying (despite Biden/Harris claim otherwise) plus trillions of dollars of debt hanging over us and more on the way. It is a recipe for disaster.

Oh, don’t worry, they say. We’ll tax the rich.

Well, after you’ve taken all that they have and forced them to leave the country, then what?

There is no real answer except for: “Gulp!”

News Item #4 Conclusion

Polls are now reflecting a loss of confidence in Biden/Harris and that Americans are finally waking up to the fact that open borders is not good business.

Gas prices are going up because of the inflation and eventually more will happen. You can’t do much about it until 2022.

So, to those of you who voted for Biden/Harris, Sorry. But you had your chance to vote against them! Instead, you voted for them, perhaps multiple times. So, strap your seat belts. It might get rough.

Oh, and if you are waiting for Biden to step aside and let Harris rule openly then I suggest you beware what you wish for. She is much further left than Biden ever dreamed of being!

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R Frederick Riddle is the Editor of TR Writing Services providing help to struggling and/or new authors to write and publish their books. He is also an author of Historical, Speculative, and Mystery fiction, plus co-founder and Vice President of T&R Independent Books. To reply to any blog you can comment on a blog and/or send an email to marketing@tr-indbkstore.com. His Facebook page is at RFrederickRiddlesWorld and his Parler page is authorriddle.

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The Riddle Report

The Riddle Report 02 01 2021

News Item #1

President Biden has called himself a Unity President. He touts his experience in the Senate as evidence that he can bring unity to the table. Let’s accept that definition and history of The Unity President, and considers what that suggests.

First of all, he means he will be a better President than Obama and will be carrying on the tradition of President Trump. The fact is that what Trump accomplished legislatively was through working with both parties. On the other hand, President Obama excluded the Republicans from participation.

Right from the start we have Biden discovering that being a President of a unified government is going to be difficult. There are huge pressures on him from the far Left that want ‘instant’ gratification. They don’t care about the economic risks. In their childish dreams they are willing to cause massive unemployment and a devastated economy worse than we now have to bring about their far Left dreams. Biden doesn’t necessarily embrace those same dreams, but they are his core support.

He wants to pull a Clinton who at the beginning of his second term moved toward the center. The problem is that there is not much of a center for him to move toward. It is hard to imagine a man who apparently has dementia problems being strong enough to move the dialog a notch or two to the right. But if he can’t do that, there is no unity.

Already we are seeing the Left wanting to shut the Republicans out of the picture. And while there are Democrats and Republicans willing to work together, they are few in number. Can you imagine relying upon Mitt Romney for political success? I just don’t see President Biden accomplishing this, but for our nation’s sake I wish him well.

News Item #2

The goal of being a unity President is a good goal. If President Biden is able to bring the two sides together, what can we expect?

For one thing, the New Green Deal would be moved to the back burner. It is too radical. If that gets passed within the first 100 days, then unity is gone. You are not going to find very many fiscally responsible conservatives willing to sell America’s future for what amounts to a pipe dream.

Another thing that we should see is the President putting the kibosh on the movement to expand the Supreme Court so as to make it nothing more than a rubber stamp for the Left. It would cripple our justice system and, in effect, do away with the Constitutional structure of our government (Executive, Legislative, and Judicial) and replace it with only an Executive and Legislative government.

News Item #3

Stimulus package. The package put together by the Moderates (Democrats and Republicans) does restrict the stimulus money to the lower income more so than the original. That is good. But does it also remove helping states that got in trouble because of their own mishandling of states budgets? And, what about the excessive funds going to other countries? Shouldn’t Americans come first?

Bailing out state governments to cover their own irresponsibility does not seem like a good use of taxpayer money. To bail out state government would only be a bandage that would have to later be replaced with a bigger bandage as the irresponsibility continues.

News Item #4

President Biden has his hands full. So far, his actions have not matched his words. It is a sad day in America when the President caves into party politics, but that is what appears to be happening. And such a cave-in signals that President Biden is going to be a weak President rather than a unifying President. I hope I am wrong, but that is what I see.

Get free Guide to Writing at marketing@tr-indbkstore.com.

Subscribe to Author Alerts (click and submit signup form)

For information about us (“we edit, proof, and publish the book within you”) contact us at marketing@tr-indbkstore.com and get our Free Brochure which tells you about our services.

AUTHOR’S PAGE: amazon.com/author/rfrederickriddle.

ARE YOU A BOOK REVIEWER? Want to review our books? Contact me at marketing@tr-indbkstore.com with the subject line indicating that desire. Such as, ‘Seek to review [book Title].’ Be sure to indicate your email address and your name.

==========

R Frederick Riddle is the Editor of TR Writing Services providing help to struggling and/or new authors to write and publish their books. He is also an author of Historical, Speculative, and Mystery fiction, plus co-founder and Vice President of T&R Independent Books. To reply to any blog you can comment on a blog and/or send an email to marketing@tr-indbkstore.com. His Facebook page is at RFrederickRiddlesWorld and his Parler page is authorriddle.