Most of the harm in the world is done by good people, and not by accident, lapse, or omission. It is the result of their deliberate actions, long persevered in, which they hold to be motivated by high ideals toward virtuous ends.
I freely admit that I’m no economist; voodoo is not my thing. Still though, certain key economic indicators can be seen and easily understood by laymen such as myself. And, while the indicators may look quite good, what they’re indicating is about as bad as it can get.
While it’s true that all attempts at macroeconomic theory are essentially voodoo, it takes on a whole different and more depraved tenor when Congress gets involves. And the Fed? The Gods alone know what arcane rituals they utilize, but I’d not be surprised if those rituals made them the #1 buyer of Planned Parenthood’s products. 🙄
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.
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.
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.“