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Biden Pandemic Economy Opinion Politics Reprints from others.

Biden’s Proposed Tax on Oil, Natural Gas Will Cost Economy $9.1B, 90,000 Lost Jobs

Why it’s a Bad Idea to Hike Taxes on America’s Energy Producers. Biden’s Proposed Tax on Oil, Natural Gas Will Cost Economy $9.1B, 90,000 Lost Jobs.

Take just one state. California. California’s natural gas and oil industry supports 1053,000 jobs, contributes $189.1 billion to the state economy, and provides the state $2.6 billion in wildlife conservation funding. Does anyone think that solar can replace that?

Let’s set the record straight: natural gas and oil companies do not get special tax treatment.  

The truth is that America’s energy companies pay their fair share, and support over 10.3 million jobs right here at home. Every job in natural gas and oil supports another 2.7 jobs in other sectors. And rather than getting special tax treatment, the effective tax rate for natural gas and oil has been historically higher than electric utilities, banks, airlines, and several other large industries. 

America’s natural gas and oil producers are able to creates tens of millions of jobs because of a tax code that levels the playing field across all industries and allow natural gas and oil to invest in new technology. See video below.

America is on its way to recovery. That’s why we need to stop these short-sighted tax hikes now, to keep our recovery moving.  

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Biden Pandemic Economy Opinion Politics

Who’s Really Not Paying Their ‘Fair Share’? About 61% of American households—more than 100 million of them—paid no federal income tax last year.

Who’s Really Not Paying Their ‘Fair Share’? About 61% of American households—more than 100 million of them—paid no federal income tax last year. First thing that the pundits on the left say it’s because of COVID. And when COVID diminishes?  The share of non-payers will decline to about 102 million or 57 percent this year.

And what about the so called rich? The top 20% of taxpayers paid 78% of federal income taxes in 2020, according to the Tax Policy Center, up from 68% in 2019. The top 1% of taxpayers paid 28% of taxes in 2020, up from 25% in 2019.

What sense does this make? “Imagine somebody who would have owed $1,500 in 2020 income tax until they got two stimulus payments — $1,200 in April and $600 in December,” he said. “That threw them into the category of non payers.

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Biden Pandemic Corruption COVID Crime Economy Education Opinion Politics

My two cents. So where’s the normalcy Joe promised us?

So where’s the normalcy Joe promised us? Joe said he would bring us back better. He brought us back alright, but he left out the better. He was going to create millions of new jobs, get rid of COVID, end the war in Afghanistan with his 300,000 man army, and fix what he saw as a broken economy. So how did this work out?

Inflation, price increases, begging OPEC for oil, ( since he froze drilling and shut down the pipeline ). Oh and more people tested positive for COVID this holiday than last year. And there was no vaccine this time last year.

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Biden Pandemic Corruption COVID Economy Opinion Politics

Joe lies and what did you think would happen?

Joe lies and what did you think would happen? What happened 8-26-2021 will go down as a day that Americans must never forget. Joe lied and our soldiers died. Is this the icing on the cake?

We’ve had one major screw up after another. The opening of our southern border. The loss of thousands of good paying jobs with the closing of the pipeline and banning of fracking and drilling. The out of control inflation. COVID mess, begging OPEC to produce more oil. And the deaths of our soldiers in Afghanistan.

What do all of these screw ups have in common? Biden saying the buck stops with me. But it’s Donald Trumps fault. SMH.

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Biden Pandemic Economy Opinion Politics Reprints from others.

Reprint. Thanks Joe Biden. Why we need to change course in 2022. Inflation higher than expected in June as price index rises 5.4%.

Article can be found  here.

 

Thanks Joe Biden. Why we need to change course in 2022. Inflation higher than expected in June as price index rises 5.4%. But but the fed said this is just short term remember? Yeah right.

Inflation continued its rapid surge in June, rising its fastest pace in nearly 13 years, the Labor Department reported Tuesday.

The consumer price index increased 5.4% from a year ago, the largest jump since just before the financial crisis. Economists surveyed by Dow Jones had been expecting a 5% gain.

Stripping out volatile food and energy prices, the core CPI rose 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%. On a monthly basis, headline and core prices both rose 0.9% against 0.5% estimates.

 

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Biden Pandemic Economy Life Opinion Politics

Where was Garland,Biden, Harris, National Guard,etc? A second insurrection happened against the White House and the U.S. Government.

Where was Garland,Biden, Harris, National Guard,etc? A second insurrection happened against the White House and the U.S. Government. Well known hate groups blocked all 10 entrances to the White House Tuesday? Where was the outrage? This is the second time that an assault was launched  against the people’s house. First being last June.

Thankfully the Secret Service did step in and arrest dozens of the Hate group protestors.

Secret Service arrested “dozens” of climate change activists who blocked entrances to the White House on Monday demanding the Biden administration prioritize Green New Deal initiatives in current infrastructure talks. Guess who set them off?

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Economy Opinion Politics Reprints from others.

Reprint. Judge halts Biden pause on new public lands oil leasing

Original can be found here.

Reprint. Judge halts Biden pause on new public lands oil leasing.

A federal judge has issued an order temporarily blocking the Biden administration’s pause on new oil and gas leasing on public land and waters.

The preliminary injunction from U.S. District Judge Terry Doughty follows lawsuits over the leasing pause from more than a dozen Republican-led states. Doughty, a Trump appointee in Louisiana, did not make an ultimate determination as to the legality of the pause on Tuesday,  but rather blocked the move while the court case against it proceeds.

 

However, he did find that the states had a “substantial” likelihood to succeed on the merits of their claim and that they were able to demonstrate a “substantial” threat of irreparable harm. 

The ruling is something of a setback for the Biden administration, which had paused issuing new drilling leases on federally-owned land and water while it reviews and reconsiders its current leasing and permitting practices. An Interior Department spokesperson told The Hill via email that the department will abide by the decision while continuing its review. 

 

“We are reviewing the judge’s opinion and will comply with the decision,” the spokesperson said. “The Interior Department continues to work on an interim report that will include initial findings on the state of the federal conventional energy programs, as well as outline next steps and recommendations for the Department and Congress to improve stewardship of public lands and waters, create jobs, and build a just and equitable energy future.”

During the pause — which did not have an end date but was expected to last at least until the end of June — the administration continued to issue new permits on existing leases while existing drilling was able to continue.

While on the campaign trail, President Biden pledged to ban new oil and gas permitting on public lands and waters,  but since taking office, his administration has not said whether it ultimately hopes to do so.

The Energy Department’s statistics agency found in a March analysis that the pause is expected to have “no effects” until 2022. But in his decision, Doughty argued that the states will eventually face losses as a result.

 

“Even though existing leases are proceeding, the fact that new oil and gas leases on federal lands and in federal waters are paused will ultimately result in losses to Plaintiff States which they will likely not be able to recover,” he wrote. 

The pause sparked significant backlash from Republicans as well as the oil and gas industry. Many of these opponents celebrated Tuesday’s decision and called for the administration to lift the pause entirely. 

 

“This decision is a victory for the rule of law and American energy workers,” said a statement from Sen. John Barrasso (R-Wyo.).  

“The president’s illegal ban has hurt workers and deprived Wyoming and other states of a principal source of revenue that they use for public education. President Biden should immediately rescind his punishing ban,” he said. 

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Economy Opinion Politics

You sure Obama isn’t still President? Biden creates jobs overseas. Biden looks abroad for electric vehicle metals, in blow to U.S. miners.

You sure Obama isn’t still President? Biden looks abroad for electric vehicle metals, in blow to U.S. miners. We will never forget how Obama created millions of jobs in China and Mexico. His famous words were that  manufacturing obs were a thing of the past in the United States. Well Joe’s going to continue the Obama ways.

Joe said we would be world leaders in the building of Electric Vehicles. Part left out was that those metals used, would come from countries overseas. Joe’s friends in Canada, Australia, Brazil and others.

US mines and American workers would be left out of these good paying jobs. Why? Joe’s payback o the Environmental terrorist groups. According to Reuters, look what’s going on under Joe.

The U.S. government in April became the largest shareholder in mining investment firm TechMet, which controls a Brazilian nickel project, a Rwandan tungsten mine and is a major investor in a Canadian battery recycler.

Washington also funds research into Canadian cobalt projects and rare earths projects in Malawi, among other international investments.

 

 

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Biden Pandemic Economy Education Opinion Politics

The Welfare Queen is back. Only difference is that Joe Biden made her and him white, black, brown, and red.

The Welfare Queen is back. Only difference is that Joe Biden made her and him white, black, brown, and red. She was a creation during the Reagan years. Some of it true, most of it was not. But we had made great strides towards deflating that myth about blacks. Until now.

Biden and his policies of forget working for a living and have the government provide for all, has created Welfare Queen lifestyle for all races. Unlimited and enhanced unemployment, free college, more social benefits, and the list just grows.

This man has taken the work ethic and created a a welfare ethic. According to Joe, gone are the days of making A LIVING FOR YOURSELF AND FAMILY.

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Biden Pandemic Economy Opinion Politics

CNN Anchor. Joe and Jimmy are so similar. The gas lines are back.

CNN Anchor. Joe and Jimmy are so similar. The gas lines are back.

 

CNN anchor Abby Phillip said Sunday on “Inside Politics” that the gas lines caused by a cyberattack on a pipeline and inflation fears remind Americans of the administration of former President Jimmy Carter.

Phillip said, “Domestically here in the United States, you have these really, I think, searing visuals. If you’re of a certain age, it particularly brings you back to — I think Republicans would love to bring people back to the Carter years. But these gas lines it is a psychological problem. Maybe it is temporary, but for the American public, there is something psychological about hearing about inflation and seeing gas lines and literally going to the pump in certain Southern states and not being able to get gas.”