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Florida Governor Ron DeSantis, who is vying for the presidency, has said he favors dismantling the IRS, the Dept. of Education, the Dept. of Energy, as well as the Department of Commerce.

After Martha MacCallum of Fox News Channel asked him if he would favor abolishing any agency, he mentioned the four federal organizations.

DeSantis, a former member of the US House of Representatives, stated that if Congress cooperated with him, he would favor abolishing those four governmental bodies.

However, he said that if the legislature refused to approve the proposal, he would use the organizations to combat “woke ideology” and “leftism,” such as by utilizing the Dept. of Education to “reverse every bit of the transgender sports stuff.”

Both options, according to DeSantis, would be a “win for conservatives.”

The Florida governor, who was just re-elected last year, is currently polling in second place, significantly behind former President Trump. DeSantis, however, is polling better than the rest of the GOP field for president even if he is falling behind Trump.

The opening Republican presidential primary debate will take place on August 23 in Milwaukee, Wisconsin.

DeSantis stated earlier this week during talks in Texas that he would support engagement regulations that permit the use of lethal force against drug cartel operators who breach America’s border wall. “You would react firmly if someone broke into your home with the intention of doing anything horrible.” On the other hand, he said, “Why can’t we do it at the southern border?” DeSantis further declared that he would label the cartels as transnational criminal organizations or international terrorist groups.

Author: Steven Sinclaire

Eric Adams, the mayor of New York City, received criticism for backing a rise in rent for rent-stabilized units from a lady who he compared to a plantation owner.

In the video from the town hall meeting this week, a woman can be seen gesturing with her finger at Mayor Adams while standing across from a group of more than a dozen elected officials for publicly endorsing the Rent Guidelines Board’s decision to raise rents for over one million stabilized apartments by up to 6%.

“Why are we experiencing these terrible rent increases both last year as well as this year in the city of New York City, where real estate controls you, Mr. Mayor?” said the lady.

Adams said he had no influence over the choices made by the Rent Guidelines Board, but the lady drew attention to the fact that he had publicly backed the rent increases.

Adams reprimanded the woman for disrespecting the “mayor of the city.”

Adams remarked during the meeting at the Upper Manhattan school, “If you’re about to be asking a question, refrain from pointing at me and do not be disrespectful to me.”

“I’m this city’s mayor. Treat me with the decency that I deserve. You are the adult to whom I am speaking. Don’t behave in front of them the way you would if they were on your own plantation. Please join in the discussion with me and treat me with respect. I’m a mature man; stop pointing at me and talk to me like one. I entered this room like a grown man, and I will leave it as a grown man.”

In a decision made on a 5-4 vote, the Rent Guidelines Board agreed to allow a 3 percent rise in monthly payments during the first year of a lease and a 2.75 percent increase during the second. For leases signed from October through September 2024, this rule will apply.

Initially opposing a rent rise of 7%, Mayor Adams later said that 6% was a suitable “balance.”

Adams stated in a statement, “I want to congratulate the members of the Rent Guidelines Board for their critically essential and extremely challenging job protecting renters from unjustified rent hikes, while also ensuring small property owners have the wherewithal to maintain their facilities. Finding the ideal balance is never simple, but this year, I think the board has succeeded.”

According to a report from 2023 by the United Way as well as the Fund for New York City, the rent increase came at a time when 50% of New York households struggle to pay basic requirements and 80% spend over 30% of their earnings on housing.

Author: Blake Ambrose

The government has lost a total of over $200 billion dollars in COVID relief money due to possible fraud, waste, and abuse, according to a study from the Office of the Inspector General of the Administration of small businesses issued this week.

The most recent estimate from the OIG is much larger than earlier estimates, which were estimated to be around $100 billion.

The Paycheck Protection along with COVID-19 Economic Disaster Loan programs were among the relief efforts, designed to offer small firms and people who lost their employment as a result of tight lockdown measures immediate financial help.

According to the research, at least 17% of the relief monies—a total of around $1.2 trillion—were given to alleged fraudsters, involving “far greater than $136 billion in COVID-19 EIDLs as well as $64 billion in PPP funds.”

Inspector General Hannibal “Mike” Ware said that 1,011 indictments, 803 arrests, and 529 convictions had been made as a consequence of the OIG’s investigation into the allegedly stolen cash. Relief money that was unlawfully stolen has been recovered and given back to the SBA in the amount of $30 billion.

According to a prior prediction made by Ware in an interview in 2021, “In regard to the financial value, the total amount of fraud associated with these COVID assistance initiatives is going to be greater than any federal program that has come before it.”

According to the audit, the SBA’s widespread fraud was caused by “weakened or removed” regulations that allowed for the quick transfer of emergency cash to individuals in need.

According to the OIG, fraudsters who perceived a chance to take advantage of the SBA’s lessened hurdles were drawn to the simplified review process by the “allure of ‘easy money.'”

“OIG is pursuing tens of thousands of potential leads for investigations into claims of fraud, waste, and abuse involving public funds. The quick congressional move to raise the period of limitations for COVID-19 EIDL and PPP fraud to a ten-year period will result in thousands of inquiries for years to come. We strive to uncover fraud schemes, and since we anticipate that the total potential fraud estimate may change, we could periodically update this report,” according to the OIG report.

SBA acting assistant administrator Bailey DeVries was concerned that Ware’s study had “serious errors which significantly overestimate fraud.”

Additionally, DeVries asserted that the study would “unintentionally deceive the public into believing that everything that we did together had no major effect on protecting against fraudsters.”

She shifted part of the responsibility to “the prior administration” for putting speed ahead of quality, which “unnecessarily weakened the control conditions for PPP and COVID-EIDL for the initial several months of the program.”

According to DeVries, 86% of the fraud happened within the first nine months of the assistance programs’ implementation, and she argued that as time went on, the agency’s fraud prevention measures got better.

Author: Steven Sinclaire

When asked about the effectiveness of Bidenomics on this week’s episode of “CNN This Morning,” Bank of America chief executive officer Brian Moynihan said that following all of the pandemic stimulus, “you are currently facing a situation in which inflation must be fought” and that the bank is forecasting a recession beginning in the first half of 2024. Moynihan added that it will require “all of this year, all of the year to come,” and even into 2025 to bring inflation down to the Fed’s goal percent.

“Do you believe that Bidenomics—this has become a new term—is working for the majority of Americans?”

“I think, if you look around, the U.S. has been continuously fighting inflation,” Moynihan said. “Therefore, following the pandemic, you now have a scenario where inflation needs to be battled due to the amount of fiscal stimulus plus monetary stimulus, — the lower rates and the funds — that the government sent out to balance the impact of the COVID-19 epidemic. Thus, prices have increased. So, based on our predictions, a recession will commence in the first half of next year. It’s a slight recession, which we really pushed from the later part of this year to the early half of next year. And despite the fact that there are plenty of jobs available and high employment rates, pay growth is still robust, inflation is still higher than it ought to be. The Fed has the power to lower those rates, so there will be some colliding interests. It’s interesting to note that signs of a slowdown are beginning to emerge. Our consumer spending demonstrates this slowdown in behavior, which is both good and negative. It’s good because the Fed needs to see that inflation is under control. Not good because it does increase the likelihood that a moderate recession will occur.”

“Our projection is for two-quarters of negative growth in GDP, plus or minus 1%, plus or minus 0.5%,” he continued. Not a significant decline. “It won’t be severe. And as a result, the unemployment rate will increase; we expect it to reach the upper fours or about 5%. But it’s sort of fascinating since we previously believed that full employment was at a 4.5% rate.”

In addition, Moynihan said that “some sectors of inflation had ‘tipped down.’ However, there are certain locations where it may not be tipped down to the desired level. And because of this, we believe it will take them the entirety of this year, the entirety of next year, until the year 25, before they achieve their long-term inflation objectives.”

Author: Blake Ambrose

Ron DeSantis, a contender for president of the United States and governor of Florida, filed a request this week asking a federal judge to throw out a case Walt Disney Co. brought against him on the grounds that it lacks the legal authority to do so.

In his appeal for a Florida judge to throw out the lawsuit Disney brought against him around the end of April, DeSantis referenced a number of precedents, which includes a 2023 lawsuit the city of Miami brought against him, and claimed he along with another state official, who also happens to be a defendant, are “immune from suit”

After Florida state legislators enacted a bill to limit many of Disney’s perks concerning its special tax district, the Reedy Creek Improvement District (RCID), the business accused DeSantis of a “targeted strategy involving government retaliation.” The district has let Disney World, a popular tourist destination, to self-govern its territory.

In reaction to Disney’s criticism against the state’s Parental Rights in Education Act, referred to as the “Don’t Say Gay” bill by its detractors, DeSantis reacted by labeling Disney a “woke corporation.” Disney claimed that the state’s decision to revoke the company’s special tax status was a result of Disney’s criticism of the legislation.

The district was not entirely abolished, but the state government changed its name to what is now the “Central Florida Tourism Oversight District” (CFTOD) and appointed the governor’s associates to its board to serve instead. Just prior to the new CFTOD board taking office, Disney attempted to circumvent its authority by reaching deals with the previous RCID administration.

While DeSantis later signed a measure making the company’s agreements with RCID leadership legally illegal at the state level, the new CFTOD board deemed the arrangements void and sued Disney for noncompliance.

Since the governor only signed the law, the governor’s petition further claims that “any alleged injuries” resulting from the legislation can’t be “traceable back to the State Defendants, and encouraging the State Defendants wouldn’t give Disney relief.”

A plaintiff can’t “challenge a statute by suing the lawmakers who passed it instead of the officials who execute it,” according to the motion, which cites an Eleventh Circuit decision. Instead, the plaintiff must sue the officials who carry out the legislation.

The petition also states that the governor does not have any influence over the newly appointed CFTOD board: “His sole link to CFTOD is his power to appoint CFTOD’s Board,” the motion says.

The Journal also highlighted that the case would be presided over by U.S. District Judge Allen Winsor, who was chosen by Trump and previously dismissed two lawsuits that sought to overturn the “Don’t Say Gay” rule.

Disney has until the end of July to submit a motion in opposition.

Author: Steven Sinclaire

President Joe Biden’s (D) America is experiencing economic difficulties, and states are rushing to figure out how to continue producing money to fund road repair.

Historically, the government has used gas taxes to fund roads, but “the issue that has developed is that those taxes are less and less every year because of inflation, fuel efficiency, and the increase of electric cars,” Fox Business said this week.

State authorities are now trying to find a way to replace those taxes, and one of the ideas being floated is to start charging cars by the mile instead of by the gallon in the future.

Adding fees to door-to-door delivery and pricing power through automobile charging stations are some more options.

“The $125 million from Joe Biden’s infrastructure bill that he passed in November 2021 will be used to support the federal government’s own initiative,” according to a Fox story.

The site said that Hawaii will soon join the states mentioned, saying “So far, just three states, Utah, Oregon, and Virginia, are producing revenue from road charges.”

Americans continue to struggle in the Biden economy, and yesterday, White House Advisor Mitch Landrieu noted that while the economy is largely robust, “inflation is very, very stubborn.”

“It is lower here than in every other industrialized nation, and it has been declining for the past eleven months. So I’m not saying we’re done fighting,” he said.

Breitbart News reported on June 12 that the issue of inflation continues to worry American voters.

“According to a Rassmussen Reports survey released this week, 87% of prospective U.S. voters are worried about inflation, including 63% who are very worried. Only 11% of people said they are not concerned about inflation,” according to the source.

Regarding the “rise of electric cars,” as the Fox story indicated, rising power prices have brought about a situation where driving an electric car 100 miles now costs more than driving a gas vehicle the same miles, according to a January report from Breitbart News.

President Joe Biden (D) has, however, pushed for electric cars as his government promotes renewable energy. In January, he said, “On my watch, the great road trip will be fully electrified.”

Author: Blake Ambrose

According to box office experts, The Walt Disney Co. is projected to have lost a staggering $890 million on its most recent eight studio films, which include The Little Mermaid and Elemental.

Due to the fact that none of these films will be available on Netflix or Amazon Prime Video, where they may have brought in more money, Disney may see even larger losses.

In a recent video, the YouTube box office expert known as Valliant Renegade put out his case, estimating that despite the mainstream media portraying many Disney films as successes, many really lost money or just barely broke even throughout their theatrical runs.

The Little Mermaid and Elemental are still playing in theaters, but Strange World and Lightyear were complete flops.

With the release of Indiana Jones along with the Dial of Destiny this week, Disney may have another catastrophe on its hands. Since its Cannes Film Festival debut, the franchise’s fifth entry has drawn negative reviews.

Avatar: The Way of Water is not included in the analysis because it was funded by James Cameron’s Lightstorm Entertainment prior to Disney’s purchase of 20th Century Fox.

Since the aforementioned films would be available on Disney+, Valliant Renegade predicted that Disney may lose a staggering $1 billion in potential income.

“That can’t continue indefinitely. Folks, it’s really easy math,” remarked Valliant Renegade in the video. “We are there. The Walt Disney Company just keeps making all the wrong choices, both creatively and in terms of the channels of distribution.”

With CEO Bob Iger aiming to cut $5.5 billion in expenditures, including firing 7,000 people globally, Disney is in an unheard-of financial crisis.

The layoffs follow a terrible 2022 in which Disney stock fell 44 percent, making it the company’s worst year in over five decades. Following his final quarterly report in November, the former CEO Bob Chapek was unexpectedly let go.

Disney’s financial difficulties coincide with the company’s growing acceptance of transgenderism, critical race theory, as well as other awakened politics in its kid-friendly entertainment.

Elemental, the studio’s first gender “non-binary” character in a theatrical release, had the poorest start of any Pixar film in history.

Author: Scott Dowdy

A $9.2 billion loan meant to aid in the development of three electric car battery factories in the United States would result in Ford receiving the largest government cheque for an auto manufacturer since the 2009 bailouts.

According to Bloomberg, a financial loan from the Biden administration aims to support American manufacturers in their competition with Chinese automakers for green technology and assist the sector in achieving Biden’s audacious goal of electrifying 67% of all commercial passenger cars produced in the US by 2032. In a project named BlueOval, Ford is collaborating with the South Korean battery manufacturer SK On Co. to construct three battery factories in Tennessee and Kentucky.

According to Reuters, “Ford Treasurer Dave Webb stated that cooperation between the public and private sectors has traditionally sped up significant technological shifts.”

The EPA’s Advanced Technology Vehicles Manufacturing (ATVM) credit program is the source of Biden’s pledge to Ford. The loan will be the biggest ever made in the program’s history. According to the Energy Department, Ford and SK have already begun construction on the battery production plants that will generate over 120 gigawatt hours yearly. According to Bloomberg, BlueOval received subsidies from the state governments of Kentucky and Tennessee before securing the hefty loan coming from the federal government, so taxpayers would bear the majority of the expense.

Some people were upset by the federal government’s intervention in the free market to encourage EVs, and they criticized the multibillion-dollar loan. Steven Milloy, an attorney and senior policy scholar at the Energy & Environment Legal Institute who was a member of the transition team for former President Trump, questioned why the EV industry needed so much assistance from the government.

“If electric vehicles (EVs) are so amazing, why do Ford and its South Korean partner require a $9.2 billion loan from the government to construct battery plants?” Tweeted Milloy. “Why On Earth doesn’t the ESG cartel provide funding for them?”

Ford hopes that it can produce as many as two million electric vehicles by 2026. Ford estimated that the EV push will cost the business $3 billion through 2023 despite producing 132,000 EVs last year. In terms of EV sales in the US, the firm is still much behind Tesla, which Elon Musk founded. When Tesla first launched in 2003, it incurred losses for ten years until making a profit in 2013. A remarkable increase from $5.5 billion in 2021 to $12.6 billion in 2022 was accomplished by Musk’s business.

Author: Steven Sinclaire

The United States Federal Reserve cannot detect the impending recession because it is too preoccupied with pursuing illusory inflation. The Fed is a perfect example of the enormous harm that unaccountable elites may cause and how incorrect they can be.

This week, Fed Chair Jerome Powell declared the central bank will halt its year-old campaign of interest rate rises in a bid to combat inflation.

The rate of inflation has drastically decreased and is close to zero now. Alan Reynolds, Senior Fellow at the Cato Institute, points out that the producer price index for final demand products declined by 2.2 percent over the previous year, while prices for services only increased by 2.7 percent. The Fed reportedly wants annual inflation to be at 2%.

Powell and the majority of the Federal Open Market Committee members continue to believe inflation is ready to roar back and eat our buying power, despite what the data indicates. The economy’s impending implosion caused by the Fed’s interest rate increases, which at this time seem certain, should worry us all much more.

According to reports, the Fed plans to start increasing the fed funds rate (and consequently all other interest rates) again next month. The target rate is currently between 5 and 5.25 percent, which is the highest level since 2007, which was immediately followed by a severe recession and a catastrophic liquidity crisis. The target rate would reach its highest level in 22 years as a result of the anticipated hike in July.

Unfortunately, the Fed feels that even that is insufficient. According to The Wall Street Journal, 12 out of the 18 Fed officials said they anticipate raising rates at least twice more this year.

And to make matters worse, Powell assured the media that the Fed will maintain its high-interest rates for an additional two years.

Powell stated that “inflation hasn’t really come down. We are going to have to keep at it because it hasn’t responded very much to our—to our current rate hikes.”

However, as seen by the producer price index figures, inflation has “reacted a great deal” to the rate increases, and these actions are already harming the economy. This effect will only worsen regardless of what the Fed decides to do in the months that lie ahead.

Author: Scott Dowdy

The Pentagon said this week that it had underestimated the value of the military hardware it had removed from its stockpile and sent to Ukraine which means that as a result, it now has an additional $6.2 billion worth of hardware to transfer.

During a news briefing, Deputy Pentagon news Secretary Sabrina Singh said that during “regular oversight” of its power to transfer American military hardware to Ukraine, “we found discrepancies in equipment values for Ukraine.”

She claimed that in a “significant amount of cases,” the U.S. military services had overestimated the worth of the equipment sent to Ukraine by using replacement prices rather than the item’s net book value.

“In order to guarantee that we apply the most correct accounting techniques,” Singh added, “as soon as we found this misvaluation, the Comptroller reissued guidelines on March 31st explaining how to value equipment in accordance with the financial management regulations and DOD policy.”

According to her, the DOD overstated the amount by $3.6 billion within the fiscal year 2023 as well as $2.6 billion during the fiscal year 2022, totaling $6.2 billion.

The Pentagon “maintains the legal right to utilize” the “recaptured” authorization to send that quantity of equipment, according to Singh, who also claimed that the error did not affect any previous deliveries to Ukraine.

Both the left and the right expressed fury upon hearing that the Pentagon will provide an additional $6.2 billion to Ukraine.

Former Ohio state senator Nina Turner said on Twitter, “A $6.2 BILLION DOLLAR ACCOUNTING ERROR?!”

“This is absurd,” tweeted Joe Kent, a Republican running for a seat in the U.S. House of Representatives in Washington. “We cannot permit the DOD to function in this manner. Show Congress and the American people precisely where our money is going by demanding that the DOD account for every dollar.”

He said, “Secure our border with the spare $3 billion the DOD bean counters have just ‘discovered.'”

Prior to the accounting miscalculation, the Department of Defense estimated that from the start of the Biden administration, it had sent over $40.7 billion in security aid to Ukraine, including a total of over $40 billion since Russia invaded the country on February 24, 2022.

Author: Scott Dowdy

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