It's hard to imagine how the Biden administration, with a straight face, can blame the meatpacking industry for inflation, while at the same time handing out checks like candy, and supporting the Federal Reserve's policy of nearly unlimited liquidity. But it's happening. Rather than take responsibility for driving up the prices on Americans' favored forms of protein, Biden & Co. are instead choosing to blame businesses. In what may have been one of the most tone-deaf speeches ever, Biden's Director of the National Economic Council Brian Deese told Americans that if you remove beef, … [Read more...]

As Sleepy Joe reluctantly attempts to pull more than seven million unemployed Americans off the couch, he may want to take a look down his party line to seek out the rot. Because when he drills down into the deep Blue States, especially big blue blob cities, he’ll see years of political largesse finally coming home to roost. Take a look at Newport, RI, for example, where the streets are lined with cars from New York. Woke workers who could afford to work remotely are already here as local restaurants struggle to staff up. For years, politicians treated Newport properties as an endless piggy … [Read more...]

The inflation being caused by expectations for Joe Biden's absurd spending plans and the Federal Reserve's irregular liquidity operations has put big companies in a bind. Their customers don't want to pay more for their products, their suppliers want more for supplies, and employees want more money to pay for the rising prices they see in their home budgets. It's a balancing act that not every company is managing with ease. In the face of inflation, Mondelez International, one of America's largest snack companies, developed a plan to cut costs that would reduce the overtime pay many of its … [Read more...]