Day: April 16, 2024

Closing Thought–16Apr24

I remember the day when people strive to reach the middle class….that meant that all was well and your family could progress along with a descent living and such.

These days we have excellent news….the markets are doing relatively good, wages are up and jobs are there for the taking….and all this means the middle class is flourishing, right?

On paper and in the economic news all indicators are good or so we are told daily…..but how true is the picture that the media paints nightly?

Prices!

While some indicators are looking good (if you are an investor) the reality is that prices are killing the middle class.

A new study shows just how bad it can get….in 5 years there are essentials that the middle class may not be able to afford.

ABC News has just reported that “Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed.”

While gasoline and housing continue to remain high, “Core inflation — a closely watched measure that strips out volatile food and energy prices — increased 3.8% over the year ending in March, holding steady from the previous month, the data showed.”

These numbers, which not everyone understands, affect the average American who, no matter the reason, is faced with increasingly high prices, stagnant wages, and basic needs spiraling out of reach. America’s middle class is being squeezed, and what used to be the hallmark of the American middle class and the American dream is becoming increasingly unaffordable. If things don’t change, the average middle-class American won’t be able to afford these things in the next 5 years.

5 Things the Middle Class Won’t Be Able To Afford in 5 Years Due to Inflation

And the government does NOTHING!

Basically we will let the markets decide who eats and who does not.

Is this what you signed up for?

Congress spends all their time working on BS situations while the people of this country slowly die of inaction.

For once the people nee4d to start thinking about the country and not some far flung personality that is all mouth or all promises and no action.

Your neighbor needs you to pay attention.

I Read, I Write, You Know

“lego ergo scribo”

Ukraine Is Jealous!

The aid package for Ukraine in their struggle with the Russian invasion is stalled in Congress and yet any and all aid to Israel seems to get the fast track…..and Ukraine is fighting the green-eyed monster of jealousy on Israel’s success.

Ukrainian officials have expressed envy over the US’s response to an Iranian drone and missile attack on Israel that came in retaliation for the Israeli bombing of Iran’s consulate in Syria.

The US, the UK, France, and Jordan all intervened to help intercept Iranian drones and missiles. “The whole world saw that Israel was not alone in this defense — the threat in the sky was also being eliminated by its allies,” Zelensky said.

The attack on Israel came as Russia has stepped up its missile and drone attacks on Ukraine’s energy infrastructure, which Moscow said was a response to Ukrainian attacks on oil refineries inside Russian territory. Ukraine has suffered serious blows in the strikes as it’s running low on air defenses, and Russia’s intelligence continues to improve.

“When Ukraine says that its allies should not turn a blind eye to Russian missiles and drones, it means action is needed — a bold one,” Zelensky said. “It is not rhetoric that protects the sky, it is not opinions that curb the production of missiles and drones for terror.”

…

Ukrainian Foreign Minister Dmytro Kuleba acknowledged that the US and NATO wouldn’t directly intervene but called for more military aid. “Even if you cannot act the way you act in Israel, give us what we need, and we will do the rest of the job,” he said.

The $60 billion President Biden is seeking to fuel the proxy war in Ukraine still hasn’t passed through Congress. House Speaker Mike Johnson (R-LA) said he would work on getting more military aid to Israel this week, and the White House has said that it would only support legislation that also included spending for Ukraine and Taiwan.

(antiwar.com)

The problem is simple….Ukraine does not have the agents with cash to bribe their way to success as Israel does.

Until they, Ukraine, start greasing the right palms they will always be look for solutions.

Cash is what it is….the oil that keeps the gears of Congress working…..the more cash spread around the better the results….and that is at ALL levels from the chief to the little reps….money will help Ukraine prevail.

Just so you know the Congress instead of taking up cash for Ukraine spent their time working on laws that govern home appliances….time well spent.

I Read, I Write, You Know

“lego ergo scribo”