Free Republic

MSNBC host Stephanie Ruhle called upon the president of Chicago’s Federal Reserve to tell viewers that they are economically far better off than they think. "We need an economic explainer," the MSNBC host said. "People are confused, they’re exhausted, but they’re also doing quite well." Ruhle, who hosts MSNBC’s "The Eleventh Hour," had been discussing a recent Federal Reserve report that "shows people are still struggling to cover day-to-day expenses, even as inflation has slowed." She noted how some major brands are responding by enticing consumers with slashed prices, "Target says it is cutting prices on 5,000 essential items, things...

Fast food is no longer healthy for your wallet. Common fast food favorites increased in price under President Joe Biden’s so-called Bidenomics. Fast food inflation has a disparate impact across racial and ethnic groups due to different levels of fast food consumption. According to the Centers for Disease Control and Prevention (CDC), 42.4 percent of non-Hispanic black adults consume fast food, compared with 37.6 percent of non-Hispanic white adults, 35.5 percent of Hispanic adults, and 30.6 percent of Asian adults. The higher price tag of popular foods may be creating political problems for Biden. Thirty percent of black men and...

Data revealed by The Wall Street Journal shows the true extent of havoc Bidenomics has wrecked on the U.S. economy. Even as the Dow Jones Industrial Average surpassed 40,000 points, the economy under Joe Biden‘s tenure in the White House has struggled to grow beyond a sluggish rate. Despite the seeming market success that has recently occurred under the Biden government, the numbers belie just how successful investors were under former President Donald J. Trump.

"The US government can't go bankrupt because we can print our own money." Q: "Like you said they print the dollar so why why does the government even borrow?" "Well um the uh so the I mean again some of this stuff gets some of the language that the um some of the language and concepts are just confusing I mean the government definitely prints money and it definitely lends that money which is why the government definitely prints money and then it lends that money by uh by selling bonds uh is that what they do...they they um they...

The White House is continuing to praise “Bidenomics” — the culmination of President Joe Biden’s economic policies — as a success despite reams of data and other evidence showing average Americans falling further behind in their personal finances amid high inflation, lending rates, and housing costs. Administration officials have highlighted various indicators, such as major stock indices, jobs reports, and inflation rates, to demonstrate an improving economic situation. However, this message does not seem to have strongly resonated with the American public, Just the News reports. According to a recent Harvard Center for American Political Studies (CAPS)/Harris survey, far from...

According to Kenneth Schrupp at The Center Square, a new analysis from the U.S. News and World Report agency found that California ranked “dead last” among the 50 states when it comes time to “opportunity.” In other news water is still wet.What could have possibly indicated that California wasn’t the friendliest location for anyone wanting to build a life of prosperity and freedom?Was it the state’s nearly seventy-billion-dollar deficit?Was it the mass exodus that has seen hundreds of thousands of people flee the state for friendlier locales, a trend which has resulted in a net negative for legal population and...

Joe Biden displayed just how bad his dementia really is by claiming his economic policies were successful despite millions of Americans suffering from not being able to afford the most necessary consumer goods. “We got to be steady, stay the course, and continue to produce these incredible jobs, and the job — and by the way, pay for the jobs are — are outpacing the inflation rate they’re paying. We’re — we’re going to — we’re going to be able to deal with this. Gonna take a little more time. We’re just focused on it,” Biden claimed. According to several...

An economist offered an explanation for a paradox that has emerged in recent data showing that spending has remained robust even as consumers report feeling pessimistic. Joanne Hsu, who is the director of the University of Michigan’s consumer sentiment survey, told CNBC on Friday that she thinks Americans have abandoned plans to save money as they see their financial goals look less attainable and are spending money instead. “This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have,” he explained. “And instead my interpretation is that consumers see that a lot...

Grocery prices fell on the whole in April for the first time in 12 months, according to data released Wednesday by the Labor Department.

I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States. Unfortunately, that day has arrived. Our leaders have been pursuing highly inflationary policies for many years, and now we have reached a point where inflation is wildly out of control. In fact, the latest wholesale inflation figure that was released on Tuesday came in much higher than expected. Sadly, this is just the beginning and we are in far more trouble than most people realize.According to an incredibly shocking new study, most Americans do...

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment. Advertisement The index for shelter rose in April, as did the index for gasoline. Combined, these two indexes contributed over seventy percent of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home...

Could a second Biden term be more injurious to the economy than his first term? It seems unimaginable given the first three years gave us 20% inflation, a $2,000 loss in average real incomes for the middle class, 6 million added illegal immigrants, a war on American energy that has caused gas prices to rise by more than 40% to $3.64 a gallon, the collapse of our many major cities, another $6 trillion added to the national debt, the unaffordability of new homes, and the chaos on college campuses. So what's the encore to that abysmal performance? What will Bidenomics...

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million. It previously sold in 2021 for $137.5 million.

Cathy R., 63, has a master's degree and has worked all her life, though she's very worried for her future. The clerical worker in Minnesota has struggled to rise up the ranks throughout her career. She said she's earning a salary similar to some entry-level positions despite nearly three decades in her current role. She's nervous that even though she's eligible for a pension in a few years, it won't supplement Social Security payments nearly enough to live comfortably. "I can't afford life while working. How can I even think of retiring?" the St. Paul, Minnesota resident said. ...Cathy grew...

Today's Kuhner report wades into topics ranging from Biden's reality disconnect and the poor economy to the increase in the number of "working homeless".

President Joe Biden stubbornly refused to admit Americans' struggles with inflation might cost him the election in a rare interview Wednesday. A growing economy could inspire confidence in Biden's leadership ahead of the election, but the issue of persistent inflation could ruin that. Biden, who was in Wisconsin to tout his record on the economy and to announce an investment by Microsoft to build a factory, defended his handling of inflation.

Navy Seal Author and Historian Matt Bracken comes back on the podcast to discuss the House vote on foreign aid, how no election is fixing this, Iran, Russia, problems domestically and much more.

The high interest rates and crippling inflation brought to you by President Joe Biden’s disastrous economic policies mean young people are saddled with more credit card debt than previous generations. “Housing inflation has proven to be one of the stickiest components to drive up the cost of living, with rents outpacing salaries in all but six of the top 50 metropolitan areas,” reports Yahoo Finance. “Rising food prices and heavy student loan debt also factor in as young Americans are forced to tighten their belt by reducing expenses to their essentials.” Maybe these idiots should stop moving to metropolitan areas.

Mass migration has not delivered significant GDP growth per capita for the United Kingdom, but it has increased strain on the country, according to a new study. While illegal immigration recently hit record highs in the United States, legal immigration poses a significant issue for the U.K., where legal migration levels are more than 25 times the level of illegal levels, according to a report Wednesday from the Centre for Policy Studies, a U.K. think tank and advocacy group. The percentage of foreign-born people in the U.K. nearly doubled over two decades, with 9% of the population being foreign-born in...

The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy. So it would be suicidal to hike rates at this point. But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire. Our ongoing inflation crisis...