Another Morning Cup Of Coffee News
In The Words Of President Biden, “Come On Manâ€
By Dannie McIntire
September 16, 2022
As I’ve mentioned before my wife usually takes the task upon herself to do our weekly grocery shopping, while I suspect she does it in “our interest†to keep me from buying unneeded items or the more expensive brand of coffee, but it’s a task I appreciate her doing for us.
However, this Monday, I did accompany her to Meijer’s for a necessity, yes, beer is a necessity, regardless, looking at some grocery prices I didn’t see any indication that President Biden’s “Inflation Reduction Act Of 2022†has had any effect on lassoing the rate of inflation.
On Tuesday, the Labor Department reported that the consumer price index rose 8.3% in August from a year ago, with prices climbing 0.1% in the last month period from July.
That was bad enough news, but in the stock market, the Dow upon the inflation news plunged 900 points; I don’t know how long America can survive this “robust economy falsehood†President Biden’s press secretary keeps trying to feed voters before the upcoming mid-term election.
In regards to inflation, there is good news on the horizon for Social Security recipients.Â
Current estimates by the “The Senior Citizens League†is that the 2023 COLA raise for social security recipients, to be officially announced in October, will be in the range of 8.7 percent.Â
Of course, that raise for retirees will be offset somewhat by an expected increase in the cost of the Medicare Part B premium.Â
As a retiree I am feeling better , a 2021 study by â€The Senior Citizens League†estimates due to inflation that seniors have lost only 30% of their buying power since year 2000, things are finally looking up for us. I apologize to the reader if that was interpreted as a sarcastic comment.
Time for another cup of coffee, if I can afford a fresh pot.
With all the issues President Biden has faced him, I’m glad to see he is getting an appropriate amount of rest for a man of his age…
To date, President Biden has spent approximately forty-one percent of his presidency on vacation, a mere 238 days. 170 of those days have been frequent trips to his beach house in Delaware.
Now I do want our president to feel safe while on vacation, so I have no problem with the taxpayers currently spending $455,000 to build a security fence around his beach property while our southern border remains as porous as a block of Swiss cheese.
Vice president Kamala Harris enlightened us this past week on “Meet the Press†revealing the administration’s true thinking on the illegal immigration coming in through our southern border and I quote;
“We also have to put into place a law and a plan for a pathway for citizenship for the millions of people who are here and are prepared to do what is legally required to gain citizenship,”
“Come on Manâ€, a path to citizenship means potential new voters for the Democratic Party, which mean staying in power, pure and simple.Â
“Come on Dannieâ€, calm done, get another cup of coffee; let’s see what else piqued my interest this week. .
I see the Taliban in Afghanistan crashed one of the $21 million dollars Balch Hawk helicopters President Biden left behind. Hey wait a minute, I thought the administration had touted that they’d made sure the military equipment left behind was made inoperable?
Having released 180 million of barrels of oil from our Strategic Petroleum Reserve in an effort to reduce domestic gasoline prices, some of which ended up going to foreign countries including China, President Biden is now contemplating replenishing the Strategic Petroleum Reserve when oil dips below $80 a barrel.
Wait a minute, when the price falls under $80 dollars a barrel?Â
I recall in 2020 when President Trump requested $3 billion in additional funding from the democratically controlled congress to purchase oil to refill the strategic reserves when the price for West Texas crude was around $21 a barrel and congress denied him the additional funding.
Is this some type of new democratic math I don’t understand, $21 dollars a barrel bad, $80 dollars a barrel good?Â
Now I am a little befuddled, and please excuse my befuddled thinking that follows; Â
We just released millions of barrels of oil from our strategic reserves to increase the supply of oil, which according to the rule of economics should decrease the price as more becomes available to the market. Now, while gas prices are still relatively high, we are going to begin purchasing oil to refill our strategic reserves which will decrease the amount of oil available on the open market, which again, following the rules of economics should cause the price of oil to increase.Â
The phone is ringing in the White House. “Sir your son Hunter Biden is on the phoneâ€. “Hello dad I just bought some oil stocks, what can you do for meâ€.
 Whew, “Come on manâ€, I’m done, my head hurts.
Let’s Go Brandon !!!
When I read your column, I got very sad. That’s what the truth does when it’s bad news.
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