About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Tuesday, May 17, 2022

Inflation Analysis - Its Cause, Cure, & Danger From China

"Inflation is when you pay fifteen dollars for the ten dollar haircut you used to get for five dollars when you had hair." - Sam Ewing, former professional baseball player for the White Sox & Blue Jays

***

The Federal Reserve (Fed) has never telegraphed their intent to raise interest rates as clearly as they have recently calling for seven rate increases in 2022 & four more in 2023 - this to the consternation of investors & borrowers but a delight to the long forgotten saver in America.  

Short term interest rate increases are the primary way the Fed uses monetary policy to bring down inflation - & they have finally recognized the need to do just that after a year of inaction.

Interest rates have risen fast as the bond market has not waited for the actual rate increasing action by the Fed.  The yield on the benchmark 10-year U.S. Treasury note has risen from 1.496% @ the end of 2021 to 2.995% today, doubling.  

Now the Fed's intent & need to raise rates so dramatically was prompted by their recognition that the inflation caused by their participation (creating money by buying Treasury Covid stimulus securities) in the Treasury's cash-in-hand spending programs over the past two years in response to the Wuhan coronavirus pandemic was not transitory as they had thought. That is, for far too long the Fed thought inflation would be short-lived & would not lead to permanent economic damage - they were counting on the supply-chain problems caused by Covid interruptions being corrected without any intervention on their part.   

We are seeing the definition of inflation play out - namely, what happens when too much money chases too few goods & services.  During the pandemic the Fed electronically printed $5.5 trillion covering Covid stimulus bills while millions of people did not produce goods or were unable to perform services due to the government's lockdown rules - yet people received this stimulus money from the government to purchase the fewer goods & limited services that were available.  This is the cause of the current inflation that started to pick up in March 2021 & has continued to accelerate with no definite end in sight.  In essence money was created & spent faster than the short handed pandemic-affected economy could produce goods & services inevitably resulting in inflation.

Inflation refers to a general & sustained increase in prices of goods & services in an economy - not just for any single item.  Professor Friedman, who gave us the above definition, famously said that "inflation is always & everywhere a monetary phenomenon, in the sense that it is & can be produced only by a more rapid increase in the quantity of money than in output."

The Fed has the congressional mandate to conduct monetary policy "so as to promote effectively the goals of maximum employment, stable prices, & moderate long term interest rates."  We can see that the Fed is behind the curve in fulfilling their function.

Right out of the box, on March 3, 2020 Congress threw $8.3 billion in emergency spending @ the Wuhan coronavirus to fund the development of a new vaccine that resulted (with a portion of funding from the CARES Act) in Trump's Operation Warp Speed vacince project, for health agencies & testing, & for small business loan subsidies.  Fifteen days later Congress raised the stakes to $100 billion to provide free testing for Covid-19, tax credits for employers who offered paid sick leave, & increases to unemployment benefits & food assistance so you can see the too much money part of the inflation definition actually encouraging the too few goods & limited services part of the definition.

Then on March 27, 2020 the $2.2 trillion CARES Act (Coronavirus Aid, Relief, & Economic Security Act) passed Congress that included direct cash payments to households ($1,200 per adult plus $500 per qualifying child under 17), an additional $600 per week in unemployment compensation through July, bailouts for airlines & other businesses, & loans & grants to small businesses.  By the time CARES was done $2.7 trillion had been added to the national debt.  

But, to top it off, during the week of December 21, 2020 the fourth, & first since March, Covid relief bill (The Coronavirus Response & Relief Supplemental Appropriations Act) for $900 billion & the $1.4 trillion omnibus Consolidated Appropriations Act for 2021 were both signed into law by Trump.  The Covid relief bill included direct cash payments in the form of income tax rebates of $600 per adult plus $600 per child; an increase of $300 per week in federal unemployment compensation; an allowance for employers to voluntarily provide paid leave through March 31, 2021 thereby receiving a payroll tax credit; an extension of the federal eviction moratorium through January 31, 2021 including $25 billion in emergency rental assistance to help renters impacted by Covid-19 to pay for past due rent, future due rent, & utility bills to prevent power shutoffs; a 15% increase to SNAP (food stamps) benefits through June 30, 2021 estimated to be an extra $25 to $30 a month for everyone enrolled in the program; $69 billion for Covid-19 vaccines, testing, & tracing; $3.2 billion to expand broadband access to low-income families; & $100 million for the Administration for Community Living to address abuse, neglect, & exploitation of the elderly.

This ended the Trump portion of economic stimulus bills that contributed to the inflation that started in March, 2021 & grew progressively worse each month until it accelerated in October, 2021 reaching 40 year highs starting in January, 2022.  This opened the door for Biden to finish the job by showing we really have one big government party with two wings. 

On Thursday March 11, 2021 Biden made his first presidential prime time TV address to mark the one year anniversary of the Covid-19 pandemic in America.  The address also coincided with his signing into law the same day of the $1.9 trillion stimulus bill known as the American Rescue Plan Act (ARPA).

Almost half of this gigantic stimulus spending went directly to the well publicized $1,400 per person direct deposits or checks ($8,400 for a family of two adults & four small children), $1,300 per child expanded child tax credits ($5,200 for this same family), bigger food-stamp payments, & $300 per week federal enhanced unemployment benefits in addition to regular state unemployment benefits.  And $350 billion payments were made to states - the majority of which went to Democrat states that have been financially irresponsible for decades meaning that states like Tennessee, Florida, Texas, & Georgia bailed out New York, New Jersey, Illinois, & California.  For instance, New York received more money from the bill than Florida despite New York having a smaller population than Florida - one of the consequences of the November, 2020 election. 

The ARPA also provided 14 weeks of paid sick, family, & medical leave through September, 2021, while reimbursing local governments for the cost of this leave, provided an additional $25 billion for rental relief & $5 billion to cover home energy & water costs for low income people, extended the federal eviction moratorium through September & allowed people with federally guaranteed mortgages to apply for forbearance until September, provided $40 billion to ensure childcare providers can remain open & expanded the childcare tax credit, provided an additional $15 billion to the Paycheck Protection Program in flexible, equitably distributed grants to small businesses to help them reopen & rebuild, & provided $20 billion to support public transit agencies to ensure that workers keep their jobs & routes are not cut from service.

Under Biden's direction Congress also passed a $1.2 trillion Infrastructure bill (Infrastructure Investment & Jobs Act).  But thanks to Democrat Senators Joe Manchin (WV) & Kristen Sinema (AZ) the much larger $3.5 trillion Build Back Better bill (which originally included the infrastructure bill) has stalled @ least for now.

Breaking out the cost of the Covid stimulus the past two years:  $3.6 trillion under Trump & $1.9 trillion under Biden.  Much of the money from the federal spending bills in 2020 went to household savings because of the lockdowns - i.e., much of it wasn't spent right away.  As the lockdowns were removed the pent up demand started to come forward & inflation started to pick up in March, 2021 - the very month Biden signed the $1.9 trillion American Rescue Plan Act thereby adding more fuel to the fire.  Americans are still holding an estimated $2.5 trillion more than normal stockpile of savings that was accumulated during the pandemic spending spree.  Source: Princeton Professor Alan Blinder.  And some of this savings will be used for consumption thereby continuing to feed the inflation beast.

From the supply side: the pandemic has produced a gap of about 3 million fewer people in the labor force than what had been projected for 2022 as some 2.6 million people retired earlier than expected between February, 2020 & October, 2021 thereby crimping the supply of goods & services by this measure - see graphic below.  And employment is still 1.2 million people below the pre pandemic level.  The April unemployment report showed a decline in the labor force of 363,000 people attributed to either lingering fears of catching or spreading Covid or workers thinking that their wages will not keep pace with inflation - some employers complain that workers quit after just a few hours on the job, if they show up @ all.  Also hurting supply is the China Covid lockdown, the Russian war in Ukraine, & Biden's policy to destroy the oil & gas industry as he continues AOC's Green New Deal war on fossil fuels.  Increasing the supply of oil & gas back to the point where just two years ago America was energy independent would bring down the price of gasoline @ the pump without any action by the Fed.












The most widely reported measure of inflation is the Consumer Price Index (CPI) prepared by the Bureau of Labor Statistics.  The CPI measures the weighted average of the prices of a fixed set of consumer products & services meant to represent the broader economy & specifically the things that an average urban consumer buys.  The prices in this basket of goods & services are evaluated, including price checking by a workforce of 477 on-the-ground economists who track changing prices for hundreds of thousands of goods & services every month.  The final monthly change is known as the CPI inflation.  About 80,000 items make up the CPI.  See image below for the eight major groups of the CPI.












The CPI is meant to reflect the purchases of a typical urban consumer, which represents 87% of the American population so when you hear the CPI inflation report for the month that is what they are talking about.

Since the above description of the basket of goods & services uses the words "average" & "typical" it is important for everyone to calculate their own individual inflation rate for the sake of accuracy in financial planning as well as having a better understanding of the government's inflation policies that devalue your income & net worth.  This becomes obvious when you see that someone who has a greater weighted average of their expenses in medical & housing expenses has a higher individual inflation factor than someone who spends most of their money on things like apparel whose prices rise slower than medical & housing items.  That is, if medical costs are going sky high but you are in good health & take no medicine your inflation factor is not affected by high medical costs - the opposite is also true if you are in poor health.

This type of phenomenon can also play out in different regions of the country.  The April inflation report showed that CPI inflation was 8.3% year over year for the country as a whole but 11.0% in Phoenix, 10.8% in Atlanta, 9.6% in Miami in contrast to 7.2% in Chicago, 6.3% in New York, & 5.0% in San Francisco.

People are often fooled by what are known as visible price change components in the CPI.  For instance everyone knows when gasoline (signs along the highway tell you) & grocery (everything marked in the store) prices are increasing & this realization tends to make people feel everything is high.  Compare this to prices of appliances that you may not have bought for years & are not as aware of their costs as you are of gas & groceries.  It is best to check your own personal record to see if other items in your budget are increasing as fast as you think gas & groceries are.  The results of a detailed calculation of changes in your entire expenses is much better than an opinion you get based on one visible component you see @ a gas pump.

Food & energy prices are the components in the CPI that the Fed has the least control over because they are both traded in the futures markets where their prices are actually determined & can be volatile.  For instance, during the two year pandemic West Texas Intermediate (WTI) oil has traded as high as $119 per barrel on March 1, 2022 & as low as negative $37 per barrel when the front month May, 2020 contract price dropped over 300% in the final two trading days of the May contract before the owner of the contract had to take delivery.  See graph below.  Obviously, the Fed has no control over even less volatile situations that regularly pop up in the futures market.









Food & energy price volatility is the reason that the Fed concentrates on what they call "core inflation" - that is the inflation rate with food & energy contributions stripped out.  It is not that the Fed thinks that people don't buy food & energy products but rather they think they have a better control of the core inflation measure than one with these two components that can be distortedly volatile.

Since 2000 the Fed has preferred to use the Personal Consumption Expenditure (PCE) index for inflation prepared by the Bureau of Economic Analysis.  Like the CPI this index accounts for the prices that consumers pay for a wide range of goods & services but also more heavily takes into account changes in consumer behavior substituting less expensive items for items that have increased more in price. See graphic below.













The PCE index runs about 2 percentage points lower than the CPI - same economy but different results which is partly why I suggest calculating your own individual inflation factor & just talk about the CPI or PCE when referring to the general economy for the average urban consumer.  BTW - the CPI changed methodology along the way - the 7.5% CPI inflation of last January would be more in line with the 10+% CPI readings of the 1970s when rent-housing prices made up a higher contribution to the overall index.  Since January that rate has only gone higher.

So how does the Fed intend to bring inflation down?

The first way is to increase interest rates as mentioned @ the very beginning of this post.  And it just can't be a willy nilly increase here or there.  A good starting point is to raise the Fed's policy rate (the Fed Funds rate) so that it is higher than the PCE core inflation rate which is currently running over 5%.  The Fed funds rate is less than 1% currently so they have a long way to go.  It should stay above the core PCE rate until the Fed's inflation target of 2% for the overall PCE index is reached.  The PCE inflation rate was 6.6% in March - a new four-decade high.  See graphic below.









You can also check out the relationship using the following graph where the difference between the Fed Funds rate & core PCE inflation is depicted.  Notice that core inflation was higher than the Fed Funds rate in the 1970s (i.e., the blue line was below zero from 1975 to 1980) that led to the high inflation that Paul Volker had to bring down starting with raising the Fed Funds rate to 9% higher than inflation - a move that was devastating then & would be again today.  These two graphs provide a world of information regarding the history of American inflation over the last 60 years.













Since January 2012 the Fed's Federal Open Market Committee (FOMC) - the actual committee that determines short term interest rates - has interpreted a PCE inflation rate of 2% as meeting the Fed's congressional mandate of price stability.  The Fed targets this positive number instead of zero because they feel that the price indexes have a slight upward bias meaning that if the reading is 2% the actual inflation rate is probably slightly less than that.  Since interest rates & inflation tend to be proportional, having a positive number target implies that the Fed will have somewhat more room to cut interest rates if needed than if they targeted no inflation.  And having a positive number target guards against the even worse (than inflation) economic disease "deflation."

Nevertheless, the Fed's program of effectively inducing 2% PCE inflation will reduce the purchasing power of the median-income American household by $1,370 each year if the members of that household's consumption patterns coincide with the methodology used in determining the PCE index.

The second way that the Fed plans to bring inflation under control is to shrink its massive balance sheet passively.  Also known as runoff, passive reduction of the balance sheet means the Fed will allow some of the individual debt instruments in its portfolio to mature without reinvesting the proceeds, rather than actively selling them in the open market.  The Fed takes the money @ maturity & just like it created the money out of thin air lets it disappear by erasing it electronically thereby actually reducing the money supply meaning there is less money chasing the same amount of goods @ the moment of erasure which is a move in the right direction for bringing inflation down.

Home buyers are already feeling the impact of the mortgage interest increases.  The average rate on a 30-year fixed rate mortgage rose from 3.1% @ the end of 2021 to 5.1% @ the end of April bringing the monthly mortgage payment for the median priced house to $1,383 from $1,064 a year earlier.  The old rule of thumb to determine if someone could afford a mortgage was to make sure that the mortgage payment was less than 25% of the buyer's gross income.  Over time that figure gradually increased to 28% & had stretched to 29% @ the start of 2021.  The percentage ballooned to 34.2% of gross income in January 2022 so the Fed's interest rate hikes in April will cut even more people out of the housing market thereby reducing demand for houses as shown by these changes to the old rule of thumb.

But a 5.1% mortgage rate is still less than the current annual inflation rate of 8.3% meaning that over the long term if this higher rate persists the borrower will pay the mortgage off with inflated money.  The bank will have unwittingly subsidized the purchase of the house @ their own expense by accepting mortgage payments with money worth less & less in purchasing power every month.  This example shows why the Fed has to raise the Fed Funds rate, & in turn commercial banks the mortgage rate, above the inflation rate.   The economy is very used to functioning with cheap money & its way past time for the Fed to bring back stability & reestablish value in the economy.

Following his Senate confirmation (80 to 19) to a second four-year term, Fed Chairman Jerome Powell said "The one thing we really cannot do is fail to restore price stability.  The economy doesn't work for anyone unless you do that."  That is the central point of a healthy economy & only time will tell if he really understands & believes this.

Commercial banks help in the flow of money in an economy by providing deposit & credit facilities.  When a commercial bank grants a mortgage they credit the account of the borrower with new funds & write up a loan liability @ the same time.  Both sides, assets & liabilities, of the commercial bank's balance sheets expand thereby creating money under what is known as our fractional reserve banking system.  As mortgage interest rates go up there will be less demand for mortgages thereby helping to keep the money supply in check through reduced volume of commercial bank's lending programs. 

The destructive nature of inflation is also clearly shown by understanding the cost-of-living-adjustment (COLA) that the Social Security Administration (SSA) makes every year.  In October the SSA announced that the COLA for 2022 would be 5.9% based on the CPI.  But on an annual basis so far the CPI has been higher than 5.9% every month in 2022 so people on Social Security are playing catchup & really will never catch up.  They should get another scheduled increase in October 2022 based on these higher 2022 numbers but if inflation keeps increasing it will be to no avail.  This principle also applies to worker's salaries - workers are always trying to catch up to what inflation has been.

In summary, America is suffering the highest inflation rates in over 40 years because of the government's deficit spending programs that overstimulated the economy in attempts to help ease the tragedy of the Wuhan coronavirus pandemic.  Way too much money was created in America to chase a pandemic reduced supply of goods & services.  Although the Fed seems to be prepared to solve this problem the Democrat Biden administration wants to keep on spending.  It has never given up on passing the $3.5 trillion Build Back Better (BBB) plan that provides benefits that become part of permanent universal new middle class entitlements & ample funding to get AOC's Green New Deal started before it overwhelms everything.  Just imagine how high inflation would be if this BBB plan had passed.  The Biden administration could not take inflation any less seriously than they do.

But China does take inflation seriously & sees our lack of preparedness & interest in this regard over the past two years as an important opportunity to move another step forward to reaching their goal of replacing America as the financial leader on the world stage.  

While America did nothing for a year but grow the money supply China stayed particularly focused on price stability in China starting with providing far less stimulus than the U.S. during the pandemic.  

China relies more on investment than consumer spending to drive economic growth so it is less susceptible to demand-led inflation - the opposite of the U.S.  China also maintains enormous reserves  of strategic commodities it can call on to contain inflation - it has enough wheat to last a year & a half & enough rice to last over a year.  Copper, aluminum, soy beans, & wheat were released in 2021 as needed.

China also uses price controls & protective trade actions.

Now all of these tactics do not follow good economic principles but they are shuffled quickly from one to the other so that so far no long term damage has occured from using them.  At least they have a plan including a rainy day fund which is more than we have.

And global investors are buying China's approach.  On April 12 the yield on the benchmark 10-year Chinese government bonds closed lower than the comparable 10-year Treasury note meaning investors in the bond market saw less risk with Chinese debt securities than equivalent American debt securities.

Over the past several months Saudi Arabia has also considered accepting Chinese yuan instead of dollars as payment for oil delivery.  But the Saudis hedge this bet by continuing to peg the riyal to the dollar in foreign-exchange currency markets.

The dollar has been the world's reserve currency since July 1944 with the signing of the Bretton Woods Agreement that pegged the dollar's value @ $35 per troy ounce of gold with the other countries' currencies pegged to the dollar.  On Sunday night August 15, 1971 Nixon took America off the gold standard because the dollar could no longer maintain its value in relation to gold.  Inflation from the Vietnam war & the enlargement of the American welfare state were overpowering the value of the dollar & the economy.

The gold standard was completely replaced by fiat money meaning it is used because of the government's order that the currency must be accepted as a means of payment.  What really backs the dollar is the future tax generating power of the economy  - euphemistically known as "the full faith & credit of the U.S. government."

Now spending money with no regard for any economic principle does not inspire much faith & credit in the U.S. government - especially since we now have a giant competitor that really is an enemy that wants to take over America's prominent economic position in the world.

Inflation is a devaluation of a currency & this leads to trouble as Lenin very well knew when he said "There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency.  The process engages all the hidden forces of economic law on the side of destruction, & it does it in a manner which not one man in a million is able to diagnose."  

Consumer prices in China rose 0.85% in 2021 while they rose 7.0% in America. 












Sunday, May 1, 2022

Mike Huckabee's Deep State Board

 Click on image to enlarge

Ever since Trump became a national political figure we have constantly heard from the hostile anti-American media how Trump colluded with Russia to win the 2016 presidential election.  This claim was incessantly made even though the Mueller investigation "did not find the Trump campaign, or anyone associated with it, conspired or coordinated with the Russian government in these efforts, despite multiple efforts from Russia-affiliated individuals to assist the Trump campaign."  The Mueller special counsel investigation took 22 months & cost $35 million.

The entire Russia-Trump claim was a malicious deception & classical example by the DNC & the Hillary Clinton campaign demonstrating the Alinsky method of creating a structured organization with a clearly defined goal that could take direct action against an enemy - in this case Trump.  The Hillary Clinton campaign accused Trump of what they were already doing. 

Now, like the rest of us, Mike Huckabee figured this out some time ago - but Mike went the extra mile to create the above board that exposed the tangled web that really had been woven by the people & institutions shown on the board.  Click here to watch Mike's concise presentation & display of the interactions of these people showing how things are really connected.

Mike starts with Nancy Pelosi hand picking the members of the January 6 investigative committee regarding the Capitol riot.  This leads to Liz Chaney's husband being identified as a partner in the large Washington law & lobbying firm Latham & Watkins (LW) that represents the DNC, the Hillary Clinton campaign, & Hillary for America.  LW also represented individuals connected to spying on Trump such as Michael Sussman & Marc Elias both of whom worked for Perkins Coie - the law firm that was hired by the Hillary Clinton campaign & the DNC to engage Glenn Simpson's company Fusion GPS who in turn hired ex-British spy Christopher Steele who signed a bogus dossier that was based on information from a man now under indictment.  All of this provided a lot of cover for money laundering.

Special Counsel John Durham made Michael Sussman his first indictment for providing a statement to the FBI General Counsel that was knowingly & intentionally false.  

The web gets more entangled as Mike explains the long time involvement starting in 2015 of Sussman, Alfa Bank - Russia's largest privately owned financial institution, the left leaning Brookings Institution, current National Security Adviser Jake Sullivan, the CIA, the FBI, Carter Page, Andrew Weissmann (who ran Robert Mueller's $35 million investigation that tried to trap Trump), Kathryn Ruemmler, Lisa Monaco - current Deputy Attorney General in the Justice Department, the Clinton Foundation, Bill Clinton, BO, Susan Rice, & Merrick Garland.

And oh yes, the board includes defense attorney Christopher Clark & his client Hunter Biden.

I know there are people who also researched most of the above information themselves & found it to be true.  During the video Mike identified several people on the board who need their own boards to show even more interactions & connections - a great invitation to do your own research & fact checking to see where it leads you.

Thursday, April 14, 2022

Seven Questions: Trump - Past, Present, & Future Trouble

"It is maddening that a man's egocentrism can blind an electorate to the success of his presidency & give us President Biden." - Fred Fisher of Pensacola, Florida writing a letter to the editor of the WSJ on January 22.

***

The protest march that turned violent on January 6, 2021 on & inside the Capitol following Trump's rally @ the Ellipse is another day that will live in infamy for our country - not just for the riotous events that day but for the even wider division of the country that has developed since.

At the current rate all of Trump's many accomplishments during his term in office will long be forgotten by the November midterms let alone the 2024 presidential race thanks in large part to Pelosi's January 6 investigative committee keeping the images of people crawling all over the Capitol in the news to remind voters like suburban women of the disgraceful incident.  Pelosi's committee stands ready to exploit every revelation & leak.

And any midterm election problems for Republicans because of the notoriety of the January 6 event are entirely Trump's fault as he has proven time & again to be his own worst enemy.  What did he expect to happen that day that would turn out well?

Trump's tweet of December 19, 2020, "Big protest in D.C. on January 6th.  Be there, will be wild!" was the invitation for his supporters & also trouble makers to come.  

Trump's speech on the Ellipse that started shortly after noon on January 6 was a continuous list of complaints of how Trump thought the election was stolen from him & it came across to me, who saw it live, to be delivered in a mean spirited, selfish, bitter tone.  (Click here to see a link that includes a video of the speech & a transcript as well.)  Trump wanted VP Mike Pence to not accept the certified ballot lists from electors from some states during Pence's constitutional function of counting votes for president & vice president that same afternoon & announcing the result.  Trump wanted Pence to return the ballot lists of these states so they could recertify their ballot lists to indicate Trump won.  No state Secretary of State had made such a claim, but it did rile the crowd up as Pence tried to count the certified votes on the ballot lists he had received, whose total for president showed Biden the winner.

Pelosi's January 6 investigative committee will not only continue to provide powerful reminders through the hostile anti-American media of just how bad that day was, they will do everything possible to destroy everyone who is considered a traditional American patriot that can possibly be linked to it.  Associate Supreme Court Justice Clarence Thomas is a good example when the committee leaked that Thomas's wife had texted Trump's Chief of Staff Mark Meadows that the election had been stolen.  No sooner were the text messages leaked by Pelosi's committee that right on script AOC called for Mrs. Thomas's husband to resign, Ilhan Omar called for him to be impeached, & Amy Klobuchar called for him to recuse himself from election cases or resign.

If a spouse's activism was disqualifying it is a good thing Jim Carville was never a Supreme Court Justice or he would have been cancelled the moment Mary Matalin opened her mouth.

Also, Trump loyalists have been effectively charged with criminal contempt of Congress (e.g., Bannon, Meadows, Navarro, & Scavino).  Bannon's trial is set for July & the others may not be prosecuted @ all by the Justice Department for political reasons - i.e., the November election.

And Rudy Giuliani faces possible disbarment while his law license is suspended in NY & Washington.  Sidney Powell has been sued by Dominion Voting Systems & even more importantly the Texas Bar has filed a disciplinary lawsuit against her for bringing frivolous lawsuits in Arizona, Georgia, Michigan, & Wisconsin regarding the 2020 election, making false statements to a court, using evidence known to be false, & engaging in conduct "involving dishonesty, fraud, deceit, or misrepresentation."

Now I don't support any of the  above actions by these seven people that got them in trouble  but it is clear that the only people safe from cancellation are those who support a massive new government that has fingers in every aspect of your life - specifically, people who support AOC's green new deal & open borders, & are soft on crime.  In short, people who have no moral outrage as teachers in government schools introduce 5 year old children to the concepts of gender identity & homosexuality - such people know right from wrong but don't care about it.  

Teaching homosexual & transgender sex in schools to very young children is a perfect way to destroy a child's innocence, but who should care if it indoctrinates them to see the importance of climate change? 

What parent would want a stranger talking to their young children about sex, & yet Wisconsin special education kindergarten teacher Sarah Whaley had the support of the teachers union after she hung a homosexual & transgender pride flag in her classroom.  Doesn't this sound like it could be full of trouble?

But getting back to Pence:  The Constitution calls for the electors in each state to sign & certify ballot lists that show the results of their state's election for president & vice president.  The ballot lists are to be transmitted sealed to the seat of the government of the United States, directed to the President of the Senate - which by definition is the sitting vice president - Mike Pence.  (Note the actual election of the president & vice president is by mail-in ballot.)

All of Pence's work in this regard is the ceremonial counting of votes in the presence of the Senate & House of Representatives & announcing the result.  If the VP was authorized to reject or return votes to any state there would be a tremendous conflict of interest if the VP had just run as an incumbent & lost - like what happened.  After the 2000, 2008, & 2016 elections Gore, Cheney, & Biden respectively could easily have done what Trump wanted Pence to do & the chaos that would have resulted is unimaginable.  

From a constitutional standpoint what Trump asked Pence to do is outrageous & unforgiveable to students of the Constitution.  Those who believe in the rule of law & the peaceful transfer of power should remember, & take it into account, understanding that Trump's actions following the 2020 election are what gave Pelosi the chance to form the committee & politically milk the January 6 assault on the Capitol for all its worth including releasing an upcoming report right before the 2022 midterms.

But even more trouble of a different nature is what we got on the two days right before January 6 starting when Trump went to Dalton, Georgia on January 4, 2021 to supposedly campaign for the two Georgia Senate candidates who had each received more votes than their opponents in the November election, but not a majority, which therefore called for a runoff election on January 5.  

But Trump's appearance, instead of focusing on getting the two Senate candidates elected, was little more than a rehearsal for his speech on the Ellipse two days later.  Trump sparingly praised the two candidates but predominantly concentrated on his views of a fraudulent Georgia presidential election which gave supporters of the two Republican candidates little incentive to vote the next day - & of course they both lost handing Democrats control of both chambers of Congress & the Presidency.

Trump talks powerfully but since 2016, under his leadership, Republicans lost the House in 2018 & the Senate & Presidency in 2020 & more pathetically the two Georgia Senate seats on January 5, 2021 when the stakes were precisely known - namely, the progressive Biden agenda would proceed unchecked without a Republican majority in the Senate.  Much of the Biden assault on America the past 15 months would not have happened if Trump would have campaigned for Loeffler & Perdue instead of whining about his presidential loss during campaign stops in Georgia supposedly on their behalf.  

And right in line with the Republican loss of the Senate is Biden's successful lifetime appointment of 51 year old Ketanji Brown Jackson to the Supreme Court following 83 year old Associate Justice Stephen Breyer's forced retirement (AOC & other progressives were afraid Democrats would lose the Senate in November & didn't want to lose the chance to have a younger big government progressive confirmed by a friendly Senate so they unceremoniously forced Breyer out after 28 liberal decision making years on the Court).  Had Republican McConnell been Senate majority leader I doubt Breyer would have retired to begin with.  So much for any consideration or appreciation of Breyer by the Democrats.

But the damage is done with the Senate's confirmation of Ketanji including three Republican (Romney, Collins, & Murkowski) votes to confirm. 

Ketanji's hearings exposed her as having a liberal judicial philosophy & record that is sympathetic to terrorists (possibly resulting from her previous work as a public defender representing Guantanamo Bay detainees) & soft on crime with special leniency towards child pornography offenders, often giving out sentences that were much lighter than even defense attorneys suggested.  In this regard Ketanji wrote a brief in the Harvard Law Review entitled "Prevention Versus Punishment: Toward A Principled Distinction In The Restraint Of Released Sex Offenders", that stated that the judicial system was unfair to people who sexually prey on children.  Such theories go hand in hand with defund the police movements & Soros supported DA's who have let crime run rampant in far too many of America's cities by simply not  prosecuting crimes in accordance with the restorative justice theory that the victim is secondary & the criminal needs to be understood & reasoned with rather than put on programs of monitoring & treatment after prison.  

Senate Minority Leader Mitch McConnell said Ketanji's "record is full of cases where (she) ruled like a policy maker implementing personal bias, instead of a judge following the text wherever it led." 

While @ Harvard Ketanji wrote in her senior thesis entitled "The Hand Of Oppression: Plea Bargaining Processes & the Coercion of Criminal Defendants" that judges have personal hidden agendas that influence how they decide cases - which she disowned during the hearing saying that line was written (in her thesis) by someone not in law school.  

Ketanji would not answer whether or not schools (like Georgetown Day School where she was a Board Member) should teach 5 year old children that they can choose their gender or whether it is proper for schools to indoctrinate young children in Critical Race Theory.  

Ketanji would not say if there are physical differences between men & women that are enduring, whether references to men & women means male & female, & most famously would not provide a definition of the word "woman" because she is not a biologist.

Click here to hear a section of Marsha Blackburn's questions & Ketanji's non responses from which many of the above points were taken.  It is a cat & mouse game with Ketanji reluctant to answer anything.

In summary, the country is being torn apart because of all the factors highlighted above & more - open borders allowing 18,000 illegal aliens per day to enter the country & of course decades-high inflation, both of which have been the subject of many previous posts. 

We cannot withstand another minute of Biden-Harris than we have to & Trump's actions since the election not only brought us much of the trouble we have & will continue to have as indicated above but have also disqualified him from being president again.

We need a clean slate - Biden & Harris almost certainly will be primaried on the Democrat side & Republicans have many excellent undeclared candidates like Mark Robinson & Ron DeSantis.

BTW - For those who have called me longing for a Trump-DeSantis ticket I always ask which one will move out of Florida.  What people, including commentators on TV, don't know about the Constitution would fill a book.

To help put this in perspective I provide the following questions for you to answer.

1.  If you were @ the Capitol on the afternoon of January 6, 2021 would you have gone into the building?

2.  Do you think Trump was wrong to ask Pence to return ballot lists to some states & not announce the results of the 2020 presidential election on January 6, 2021?

3.  Do you think young children should be taught Critical Race Theory & The 1619 Project or do you think, like Ayn Rand, that the United States was the first moral society in history?  If not, who was?

4.  Are you for defunding the police, DAs who do not prosecute crimes, & judges who are soft on crime with special leniency towards child pornography offenders?

5.  Do you think transgender women should be able to participate in women's sports?

6.  Do you think a person who could not define a "woman" should sit on the Supreme Court ruling on cases involving abortion rights, religious exemptions regarding First Amendment rights concerning discrimination of same-sex couples, & transgender women competing in womens' sports?

7.  Do you think Fred Fisher's quote @ the very top of this post is what happened to America?