Thanks to F. Joe Biden’s draconian policies, Americans and Mexicans are traveling to and from the border. They aren’t coming for freedom or for fireworks; they’re bringing eggs to the United States.
At $3.40, a 30-count carton of eggs is a steal in Juarez, Mexico, these days. Unfortunately, federal law prohibits Americans from bringing raw eggs or poultry across the border. That has not stopped people from trying as the price of eggs skyrockets in the United States.
U.S. Customs and Border Protection reports a 108 percent increase in seized egg products and poultry at ports of entry from Oct. 1 to Dec 31 of last year. The price of a dozen eggs rose from $3.50 to $5.30 during that period as avian flu forced producers to put down 43 million egg-laying hens, according to the Economic Research Service of the U.S. Department of Agriculture.
I think it’s hilarious that U.S. Customs are stopping people and searching them for eggs. You jackasses do nothing while thousands of South Americans waltz through the border, but eggs are the hill you want to die upon? And you wonder why no one trusts the government.
The Bank of America’s chief economist was interviewed on CBS News Friday, and the economist believes it will take two to three years to get inflation back to its normal levels. Two to three years.
During an interview with CBS News on Friday, Bank of America Chief Economist Michael Gapen stated that it “will probably take two years, if not three years to get inflation back down to the Fed’s desired 2% level.”
How many people will be destitute by then? How many will still have homes? How many will be begging for food? This prick destroyed the American economy and had no problem doing so.
Gapen said, “I think the numbers tell us that the labor market is still quite hot. The unemployment rate number that you mentioned is the lowest we’ve seen since 1968. So, it’s about a five-decade low. 223,000 jobs added in the month of December. That pace has come down, but that’s a robust number in any normal expansion. So, I think job-seekers right now are probably still meeting with a lot of success and I think labor demand remains exceptionally strong.”
He added, “225,000 jobs or so per month is about twice as much job growth as I think the Fed would like to see.”
Now obviously, some families are hurting more than others, so I try to relate to my finances, and the constant losses in my deferred compensation account. I’m obviously going to need a job when I retire, but I don’t know how much of my savings will even be around in two years.
The “president” and his administration took a thriving economy and destroyed it in under a year. I cannot imagine what it will look like in 2024.
Thanks to F**k Joe Biden, inflation is still skyrocketing, and it is now affecting the Girl Scouts.
Thanks the the miserable economy – destroyed by this Democrat administration – Girl Scout Cookies are now priced as high as six dollars a box.
Fortunately the Girl Scouts aren’t going anywhere, and neither are their cookies. But for their financial woes, the Girl Scouts expect you to pay. A draft of an FAQ document distributed to the community states that the majority of the West Coast Girl Scout councils are raising prices for “core Girl Scout cookie varieties” from $5 to $6 a package.
Yeah, I’m a big fan of Thin Mints, but six dollars? Get outta here!
It has been five years since the council last raised the price on cookies. Local San Diego news reported in July on a potential price increase, and that it has been eight years since the cost of cookies has risen in that region.
It seems that families in other regions of the country are receiving a similar message. Girl Scouts of Louisiana-Pines to the Gulf notified the community last year that it was increasing its prices from $4 to $5 for core cookies in the 2022 cookie season.
No offense, but I’m not paying $6 for a box of cookies. Hell, in my division, the guy who runs the snacks raised a small pack of chips from 50 cents to a dollar. A dollar for about twelve chips? Nope.
Information from the Alignable July Hiring Report and the Bureau of Labor Statistics claim nearly half of all American businesses will freeze, or release, new hires because of rising inflation.
About 45 percent of small business owners in the United States are freezing the hiring of new workers because of high labor costs and skyrocketing inflation, according to the Alignable July Hiring Report.
The report, released July 21, followed the latest U.S. Bureau of Labor Statistics data showed consumer prices rose 9.1 percent in the past year, the highest in more than 40 years. Meanwhile, the BLS producer price index rose nearly the highest ever at 11.3 percent in the previous 12 months.
One of the other problems is many business operators believe – rightfully so – a recession is coming.
“This represents a significant hiring shift, and is largely a reaction to mounting labor costs, skyrocketing inflation, fears of a recession, and rising interest rates,” said Alignable.
The survey found that 4 percent of small businesses were planning to lay off staff and that “some employers noted that they have learned to live without the extra staff, making other changes and/or working longer hours themselves.”
Normally I wouldn’t ruin your Monday with this crap, but sadly, the White House believes this is the best way going forward. Plus, it’s a Monday, and everyone already hates Mondays.
Some good news came out of Atlanta Fed this week, where 372,000 jobs were added in June. Of course, since F. Joe Biden is in office, there is always a down side for us peons.
The jobs number for June was much better than expected but not good enough to push the Atlanta Fed’s real-time GDP tracker back into positive territory.
The Department of Labor said the U.S. economy added 372,000 jobs in the month of June, far better than the 250,000 expected. Wholesaler inventories grew by 1.8 percent in May, slightly lower than the initial estimate of two percent.
Hey, that’s swell! Now let’s hear about the down side…
The growth of employment and inventories was not enough to overcome the disappointing news in the weeks preceding it. The real-time GDP tracker run by the Federal Reserve, called GDPNOW, fell into negative territory weeks ago and remains there even now. On Friday afternoon, it registered a 1.2 percent contraction in the economy in the second quarter.
The Biden administration is trying to claim we will not see a recession anytime soon, despite the fact that many economists believe one is coming very soon. It’s going to be a very long two-plus years gang, because the “president” is doing his level best to bankrupt all of us.