I guess President Biden shouldn't try to get more covid and monkeypox money.... The states simply are NOT gonna spend the money for possible sick people.... The only good thing is capital projects generate pay for workers...'Jobs' money.... Republicans may complain about … [Read more...] about Covid Aid ends up used for roads, buildings and other capitol projects….
US Economy
Fed Chair Powell admits he don’t know if his moves are gonna work….
Well? At least the guy admits what some of have known.... His efforts to drive down the American inflation is NOT working.... I'm no economist... But? The Fed is bneating down the housing market and the Stock Market with the interst hikes.... But? Consumer … [Read more...] about Fed Chair Powell admits he don’t know if his moves are gonna work….
The Ferd raises interest rates by .75 points…..
The Federal Resreve is trying to drive down inflation.... They ain't doing a good job.... The prblem IS consumer prices.... Not home mortgages or car loans..... Or even gas prices.... And? A Recession IS also brewing on top of this..... The Federal Reserve … [Read more...] about The Ferd raises interest rates by .75 points…..
Mortgage rates up to 2008 level….
2008/2009 the bottom fell out of the American Economy.... The Federal Reserve IS raising interest rates to combat Inflation.... Their actions haven't stopped consumer high prices despite the gas price's dropping..... But the home ownership market HAS slowed.... The … [Read more...] about Mortgage rates up to 2008 level….
Biden….There will be NO Rail Strike….
President Biden's Labor Sec Walsh worked 20 hours to make sure ...... And actual strike would have been catastrophic for the country, unions and labor.... Biden gets props..... — Freight rail companies and unions representing tens of thousands of workers reached a … [Read more...] about Biden….There will be NO Rail Strike….
Social Security Cost-of Living increase for 2023 could be as high as 8.7%…..
THAT would be the highest in FOURTY Years..... One Good thing from the Inflationary US Economy.... But the part B Medicare is subtracted from COLA..... Hmmmm? More than 70 million Americans who receive Social Security benefits can expect an inflation adjustment to … [Read more...] about Social Security Cost-of Living increase for 2023 could be as high as 8.7%…..
Rail transportation gets set for a nationwide strike….
President Biden brought the parties in the negotiation's to Washington DC... The President had a non partisan panel, during a 'cooling off period', recommend a binding solution that Republicans would agree to... But that would not pass in the Senate because Independent US … [Read more...] about Rail transportation gets set for a nationwide strike….
Worried about a national Rail Road Strike…Biden brings the parties to Washington….
Deja Vu... Back in the day? Not in in recent time's if there was something like this.... A possible national strike? President's reached out for the parties.... That the President IS bringing the parties to the nation's capitol to insert the government into … [Read more...] about Worried about a national Rail Road Strike…Biden brings the parties to Washington….