Biden's Upside-Down Economy

Biden’s Upside-Down Economy

In the run-up to the 2022 Midterm Election, in which most Dems are faltering, Biden has decided to loudly jabber that, “Democrats are building a better America for everyone with an economy that grows from the bottom up.” 🙄 If Biden actually believes this – Hellfire! If we could even safely assume he knew what he was reading aloud – this would be a grimly perfect example of a goebbels-esque Big Lie (große Lüge).

Simply put, you can’t build up an economy from the bottom up unless you foster an entrepreneurial spirit among the lower half of the economic echelons. And that means lowering taxes on businesses, reducing restrictive regulations that hamper startups, and advantaging investments by venture capitalists in those startups. Exactly none of these things are those which don’t directly contradict Democrat dogma and political positions. All you can do, and all the Democrats are ever willing to do, is attack the successful makers in order to redistribute their wealth to those more likely to vote for Democrats.

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Beyond Fake Meat

Beyond Fake Meat
Beyond Fake Meat

It’s looking like the days of fake meat may well be coming to an end. The Liberal/Progressive Eco-Fascists’, Climatards’, and Food Nazi’s dream of normalizing – and, of course, later mandating – plant-based “meat” products seems to be failing hard, wrecked upon the rocks of basic economics.

Beyond Meat is cutting its workforce by a 19% – approximately 200 employees – in a desperate move to slash eight figures’ worth of spending from its operation in order to survive it’s revenue collapse, which is now projected to be down by as much as $120 million (9-14%) from a year ago.

This failure is about as surprising as politician either lying or finding a way to “tax” more of your money. It’s simple economics. Fake meat is just too expensive; the only ones buying are the privileged coastal elites. And, even for them, it’s more about virtue signalling and supporting a Left-wing cause than wanting to eat the stuff. Certainly all attempts to mainstream fake meat have failed, with only 54% of people even trying vegetable-based meat alternative offerings at more blue-collar restaurants.

It’s really quite simple. It’s basic, almost remedial, economics. Any product that only appeals to a small number of potential customers and is necessarily priced above the pain point for the majority of people is doomed to either failure or being restricted to a small, niche offering.

And, given that the same Liberal and Progressive coastal elites that made a market for fake meat did so as a moralistic attack on normal people and as a way of entrenching their Warmist ideology, very few will miss this industry at all.

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You Can Fill Up Now

You Can Fill Up Now
You Can Fill Up Now, Joe

So, Creepy Uncle Joe’s handlers and caretakers aka the Biden Administration is planning replenishing the Strategic Petroleum Reserve at a per barrel cost of just under $80. This comes just two years after Democrats blocked President Trump from topping up the petroleum reserve for approximately $24 per barrel, 30% of what Biden & Co. expected cost.

But then, this is and was to be expected. Democrats never cared how much damage they caused to Americans in their war against President Trump and we who supported him. Hence, all it took was a successful removal of him from office to reverse their “policy positions.

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Explaining Bidenflation

Explaining Bidenflation
Explaining Bidenflation

Honestly, explaining Bidenflation is all too easy. It’s the cost of voting stupid on a lot of people’s part and the cost of not forbidding the Dems from installing a doddering, senile, pedophile in the White House. And, despite Biden and his overworked handlers trying to blame everyone and everything else, the staggering rise of inflation is mostly and primarily a result of disastrous leadership, and devastating tax-and-spend policies.

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Voting With Their Feet

Makers Are Voting With Their Feet
Makers Are Voting With Their Feet

Bad policies matter, something that Democrats, the primary source of policies which are untenably bad for those who actively contribute to and grow the economy, don’t seem to be able to learn this. Or, since those who can be described as the Makers aren’t normally their constituencies, they don’t care. That’s why a lot of these Makers are voting with their feet.

Now, nationally it’s still a small thing, but one that has increased dramatically. Only about 2.5% of the current US population has emigrated. But that’s a little over double what it was 20 years ago. The numbers of wealth generators, i.e., actual taxpayers, who have internally migrated is far more stunning, and that’s what is actually important.

Which States Are Winning And Loosing
(Click Either Image Below To Enlarge)

Losers
Winners

 

As you can see, people with wealth are leaving Blue States in very expensive droves. Well, expensive to the Leftist governments of those Democrat safezones. Loosing over $55 billion in residents’ Annual Gross Income is no small or easily coped with thing for state governments. And the numbers shown are just personal monies. It doesn’t include all the businesses moving out of Democrat-controlled zone.

And, while this is going to have very large impact on politics, the economic impact and the follow-on effects thereof are going to be more important as we move into the not too distant future. It is not unwarranted to posit that many of the Left-wing areas will go the way of Detroit, which is still on track for effective abandonment, not being able to sustain its infrastructure without the tax monies of those who fled mismanagement and a government antagonistic towards those who generate actual wealth.

Yeah, millions of Americans are voting with their feet. And, their voting against Democrats’ bad ideas and punitive policies.

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