AMERICA FIRST - ECONOMY
Spending and Inflation
America has all the natural resources we would ever need to NEVER be in this current Economic CRISIS we are in. I grew up in an America that was united and prosperous, people went to work and their money went further because we were not trillions and trillions in debt… I mean typing that our feels sardonic because its TRILLIONS!! Its time we get congress UNDER CONTROLL. They are singlehandedly bankrupting the country under Bidens abhorrent economic policies. The Committee for a Responsible Federal Budget estimates that the infrastructure proposal and the proposed $3.5 trillion reconciliation spending plan will result in $2.9 trillion (about $8,900 per person) of additional government borrowing over the next decade. This debt will not solve our problems. America needs more private sector innovation (without the corporate welfare) to solve our biggest challenges—uplifting the poor, healing the sick, and protecting the planet—not more government spending and top-down regulation. This gets done by incentivizing business to flourish and deregulating industry as much as possible. I mean when you have a billionaire like Elon Musk that makes a large chunk of his money off electric cars say publicly on twitter “we need to drill” you know there is a crisis going on.
Also, with regard to inflation, the consumer price index jumped 7.9% annually, the fastest pace since January 1982, the Labor Department said Thursday. That's up from 7.5% in January, which was nearly a four-decade high.
Jobs
All this spending and “free” money is having an abject effect on the job market. Too much spending reduces economic mobility by weakening the incentive to work via transfers and redistribution. In-kind and cash transfers reduce the incentive to work, and when coupled with sharp means-tested phase out rules—so-called benefits cliffs— and disincentive deserts, such transfers often trap people in poverty. Not to mention it increases the cost of living via subsidies that drive inflation. Government subsidies artificially increase demand. The result is higher prices that disproportionately harm the working poor and middle class. The companies with subsidized offerings get richer, while these higher prices increase demand for larger subsidies. The cycle repeats, and costs head skyward.
The most dangerous aspect of all this is that much spending encourages a dependency on government that undermines risk taking and entrepreneurship. Government spending financed by higher taxes reduces the incentive to start a new business or expand an existing one. Government redistribution often fosters a culture of dependency and discourages risk-taking. Eventually, an appreciation of innovation as the driver of economic progress is eroded and individuals become complacent.
Source: FORBES
Source: HERITAGE
Staggering statistics at home in Nevada
NV has 2nd highest unemployment rate in U.S. despite 2nd highest employment growth
Nevada has had the nation’s highest, or nearly highest, unemployment rate throughout the pandemic. That was still true in November, when Nevada’s 6.8% unemployment rate was just behind the nation’s top rate of 6.9% in California.
SOURCE: NEVADA CURRENT
SOURCE: USA TODAY
Fed raises interest rates for first time in 3 years to fight inflation, forecasts six more hikes in 2022
Food prices going up
SOURCE: YAHOO NEWS
Part of the problem beyond the cost of raw materials is the packaging materials; 80% is made in mainland China, ” Strategic Resource Group Managing Director Burt Flickinger said in a recent Yahoo Finance Live segment. “And that applies to salt and snacks, cookies and crackers, all the way to sports beverages. So prices [are] high and going higher.”
SOURCE: FOX 5 LOCAL VEGAS
In the aisles of U.S. supermarkets, the prices of food staples are rising. Bacon is up 18.8%, beef is higher by 16.2%, oranges are up 14.3%, pork is up 14%, chicken has risen 13.2%, and crackers and bread are higher by 12.7% in February 2022 versus February 2021.
But dig deeper into the prices of crops used as ingredients in many foods, and the numbers are even more startling. Wheat is up 47%, corn is up 28%, and soybeans are up 22% in February year-over-year.
As bad as gas prices are Nevada’s are some of the worst! by a significant margin too.
SOURCE: KTNV NEWS
Nevada’s gas prices soaring to a new record high. According to AAA, the average price of gas in the silver state is $4.77. That’s well above the national average of $4.25.
SOURCE: REVIEW JOURNAL
Nevada becomes 3rd state to ever hit $5/gallon average gas price
These gas prices are effecting grocery prices and much more. We have to focus diligently on solving this problem and only REPUBLICANS are trying to provide solutions.
Republicans are the true party of the working class/ middle class
SOURCE: THE HILL
Leftist political parties abandoned the working class for globalization
Over time, varying by country, the left concluded that the economic forces underlying globalization could not be halted - mitigated perhaps, but not reversed. Accordingly, accommodations were made; new alliances and understandings developed.
This dramatic change of allegiance by the left could not be publicly acknowledged, of course. In fact, it had to be disguised and misrepresented. This occurred in two distinct ways.
GLOBAL ECONOMIC ENDEAVORS
Some of these economic problems are also attributed to national security and industry across the globe. I will illustrate more on this in STEP 3 of the America First agenda where foreign policy is the topic of discussion.
“I am in favor of deregulation and less spending. I will sign any and all tax pledges that come my way and I am here on the record promising to NEVER RAISE TAXES PERIOD!”
-Morgun Sholty