As we approach Thanksgiving, you may have heard (or personally experienced) that the cost of Thanksgiving…
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Stat of the Day: Thanksgiving Costs Up a Record 20%, but Prescription Drug Prices Decline

As we approach Thanksgiving, you may have heard (or personally experienced) that the cost of Thanksgiving dinner this year is up a record 20%.

Meanwhile, guess what's actually declined in price, according to the federal government itself.  That would be prescription drug prices, which declined 0.1% last month alone.

Perhaps the Biden Administration should focus on helping everyday Americans afford Thanksgiving, rather than artificially imposing innovation-killing government price controls on lifesaving drugs, which are actually declining in price and nowhere near the inflation rate afflicting other consumer costs.…[more]

November 17, 2022 • 11:48 AM

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Bob Gates Anticipated Biden’s Ineptitude in 2014 Print
By Timothy H. Lee
Wednesday, October 12 2022
In an era demanding deftness and sobriety both domestically and abroad, we instead have a president whose policy choices somehow seem to inflame every crisis we face.

As halftime approaches in Joe Biden’s term and voters assess whether to press the brakes or the gas on his agenda in November’s midterm elections, it’s worth revisiting former Secretary of Defense Robert Gates’s 2014 assessment of Biden.

Gates, a moderate who served under both George W. Bush and Barack Obama, noted nearly a decade ago that Biden had somehow managed to bungle every significant issue before him:

The Vice President, when he was a Senator, a very new Senator, voted against the aid package for South Vietnam, and that was part of the deal when we pulled out of South Vietnam to try and help them survive.  He said that when the Shah fell in Iran in 1979 that that was a step forward for progress toward human rights in Iran.  He opposed virtually every element of President Reagan’s defense buildup.  He voted against the B-1, the B-2, the MX and so on.  He voted against the First Gulf War.  So, on a number of these major issues, I just frankly over a long period of time felt that he had been wrong.   

Well, that might finally explain Biden’s fetish-level efforts to befriend the mullahs of Iran.   

Unfortunately, Biden’s pathologies aren’t something on which Americans can just recreationally muse.  In an era demanding deftness and sobriety both domestically and abroad, we instead have a president whose policy choices somehow seem to inflame every crisis we face.   

Last week, Biden inexplicably stoked anxiety of nuclear “Armageddon” before an audience of campaign donors, while simultaneously amplifying that risk by taunting an increasingly unstable and desperate Vladimir Putin:   

Think about it.  We have not faced the prospect of Armageddon since Kennedy and the Cuban Missile Crisis.  We’ve got a guy I know fairly well, his name is Vladimir Putin.  I spent a fair amount of time with him.  He is not joking when he talks about the potential use of tactical nuclear weapons, or biological or chemical weapons, because his military is, you might say, significantly underperforming.  It’s part of Russian doctrine that they will not – they will not – if the Motherland is threatened, they’ll use whatever force they need, including nuclear weapons.   

In one careless dinner speech, Biden thus managed to both normalize Putin’s nuclear option and taunt him into using it.   

Indeed, Biden arguably normalized the prospect of invasion itself last January, when he suggested a muted reaction if Putin merely undertakes a “minor incursion” into Ukraine.  One month later, there Putin was.   

Last week also witnessed a slap to Biden’s face from the Organization of Petroleum Exporting Countries (OPEC) whose members Biden deliberately alienated as a presidential candidate, which will deepen the inflationary pain that Americans are already suffering.   

Recall that during a 2019 Democratic primary debate, Biden openly promised to make America’s longtime ally Saudi Arabia “the pariah that they are.”  When retail gas prices ascended to intolerable heights as soon as he became president, however, Biden reversed course and clumsily attempted to cajole its leader in a visit last summer.   

And how did things work out for the supposed foreign policy master Biden?  Last week, OPEC instead announced that it would slash production by approximately one million barrels per day, which analysts estimate will boost oil prices from $80 per barrel to $100.   

Biden’s foreign policy incompetence thus succeeded in empowering Putin through higher oil prices, while also hitting American consumers every time that they buy gasoline.  Exacerbating matters, Biden has depleted America’s Strategic Petroleum Reserve to levels unseen since 1984 even as global crises mount.  And now gas prices are ascending again anyway.   

In a twist almost too bizarre for fiction, Biden is now bargaining with Venezuela’s socialist dictatorship to boost its oil production, while continuing his strict policy of antagonism toward domestic energy producers.

Robert Gates could’ve seen this coming.   

Unfortunately for Americans, Biden’s job performance in the realm of domestic affairs has been no better.   

As inflation continues to punish consumers, his recent “Inflation Reduction Act” will actually increase inflation through next year.  Worsening matters, that bill introduced drug price controls that will only serve to suffocate pharmaceutical innovation, not lower prices in any meaningful way.   

You’d think a man who claimed credit for Covid vaccines he had no role in helping create in 2020’s Operation Warp Speed would value American pharmaceutical innovation, not attempt to undermine it.    

Biden somehow also managed to alienate our European allies by including provisions that they consider protectionist.   

It’s easy to mock Biden’s bungling manner and obvious intellectual incapacity for the job he insisted on pursuing after decades of failure.  At bottom, however, Biden’s accumulating failures are policy-based.  Despite running as a moderate, he’s governed as a far-left radical.   

As a direct result, he’s now facing a red wave election that would bring it to a halt.

Quiz Question   
The first U.S. oil-producing well was founded in 1859 near which of the following towns?
More Questions
Notable Quote   
 
"Florida is divesting from investment giant BlackRock, becoming the latest state to pull assets from the firm over its environment, social, and governance (ESG) policies.The Sunshine State's chief financial officer, Jimmy Patronis, announced Thursday that the Florida Treasury would immediately begin removing roughly $2 billion in assets from BlackRock's control in a process that should be completed…[more]
 
 
—Breck Dumas, Fox Business
— Breck Dumas, Fox Business
 
Liberty Poll   

Congress is debating adding $45 billion more than requested to defense spending for 2023. Considering a fragile economy and geopolitical threats, do you support or oppose that increase?