Personal Economics 101

As I've mentioned before these pages, price controls that were last employed on a widespread basis during the 1970s inflation era were eventually discarded by both parties as an abysmal failure. So we shouldn’t be too surprised that House Speaker Nancy Pelosi wants to bring them back. On Thursday, Pelosi pushed through the House her Consumer Fuel Price Gouging Prevention Act – which would allow the president to declare an “energy emergency proclamation” when prices are rising. During the emergency, companies would be barred from charging “unconscionably excessive” prices for gasoline or any other fuels. The Federal Trade Commission and state attorneys general would be empowered to pursue violators. There is no legal definition of price gouging, but apparently, it is the new pornography – the pols know it when they see it. Sadly, only four Democrats – Liz Fletcher of Texas, Jared Golden of Maine, Kathleen Rice of New York, and Stephanie Murphy of Florida – voted no. Pelosi isn’t do...

In an amazing display of deception, Biden declared after the Labor Department had its worst report in decades, “This month’s job numbers show we are on the right track.” He then went on to say how important it was to spend another $4 trillion on "jobs" and "recovery" programs. House Speaker Nancy Pelosi stated, “The disappointing April jobs report highlights the urgent need to pass President Biden’s American Jobs and Families Plans,” referring to the additional $4 trillion of spending bills now being proposed. As one commentator stated: "We are witnessing a witches’ brew of stupidity that, taken together, amounts to the American people piling on yet more debt for the privilege of stopping an economic recovery." The U.S. economy added just 266,000 jobs in April after economists predicted it would add a million, according to a Department of Labor report released Friday morning. The U.S. remains nearly eight million jobs short of the 2020 peak that the econom...

Update: April 19, 2020: Pelosi Is Pushing a Coronavirus Lie Even Though It's Been Debunked by Victor David Hanson, PhD Stanford University (April 16, 2020) As the COVID-19 outbreak begins to reach its zenith, it remains unclear whether the measures taken to stem its tide will prove sufficient, insufficient, or an overreaction. What is certain, however, is that a number of individuals and entities have behaved shamefully and demonstrated no capacity for leadership or usefulness in this moment. Nancy Pelosi: Gone are the mythologies that Nancy Pelosi was a pragmatic liberal voice of reason among the otherwise polarizing American Left, honed after years of paying her dues to the Democratic Party, as the mother of five dutifully ascended the party’s cursus honorum. It does not matter whether her political and ethical decline was a result of her deep pathological hatred of Donald Trump. Who cares that her paranoia arose over the so-called “Squad” that might align with socialis...

Congressional stalemate deepens as Pelosi, Schumer say they won’t budge on coronavirus funding demands :  House Speaker Nancy Pelosi and Senate Minority Leader Charles E. Schumer said Monday that they won’t agree to the Trump administration’s insistence on more money for small business loans unless their demands are met for additional funding for hospitals, state and local governments and food stamp recipients. Nancy Pelosi Reveals Plan To Steal 2020 Election : In an interview with CBS News, Pelosi claimed that not supporting vote-by-mail is “not what our founders had in mind” and claimed that the effort would be something Democrats focus on in the next bill… 'Absolute chaos' as businesses try to tap into rescue funds :   NEW YORK (AP) — Desperate small business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without funds, instead battling red tape, wary banks and swamped computer systems. Michigan Gov...

Chronology: Trump Was On Top Of Coronavirus While Biden Mocked : No media or Nancy Pelosi false narratives or phony Joe Biden campaign ad can change the truth about the real chronology of the coronavirus. The FDA Graveyard: Absurd Bureaucratic strictures are hindering the efforts to fight Covid-19 Americans are dying daily because of FDA regulations that have repeatedly delayed testing for the Covid-19 virus and impeded the manufacture and deployment of masks and other protective equipment. Pelosi Says Congress Will NOT Reopen In April, Warns Trump Not To Restart Economy : Speaker of the House Nancy Pelosi told Politico Friday that she is considering keeping the House of Representatives out of session longer than the April 20th return-from-recess date, and may not bring Congress back until well into May — and she’s warned President Donald Trump to keep the country under lockdown even longer. Not everyone is getting a $1,200 coronavirus stimulus check : Not everyone qualifies fo...

by Emily Zanotti Daily Wire Speaker of the House Nancy Pelosi (D-CA), the architect behind Democrats’ decision to block $250 billion in additional funding to small businesses suffering because of coronavirus-related lockdowns, now says there’s “no data” to support an influx of emergency cash, even as banks are reaching their lending capacity due to unprecedented demand for aid. Pelosi and Senate Minority Leader Chuck Schumer (D-NY) moved to block Senate Majority Leader Mitch McConnell (R-KY) from passing the emergency bill by unanimous consent on Thursday morning. McConnell had hoped that the need for assistance would be evident enough that he would not have to call Congress back from recess to vote on the measure, but Democrats disagreed. McConnell was left incensed, noting that the $350 billion Paycheck Protection Program fund, which guarantees entrepreneurs with fewer than 500 employees low-interest loans that will be forgiven if they use the money to keep workers on the ...