Chet Collins

Biden Reveals His Plan Is To Just Raise Gas Prices Until The Counter Spins Back To Zero - The Babylon Bee

“Listen, folks, It’s too late to lower gas prices. No one knows how to do that,” said the President. “So we’re just gonna keep raising those prices higher until all the little number signs on the price boards go back to zero! Those signs can only go up to $9.99, so we’re already almost there!” 

When Progressives Fail, Inflation Edition - WSJ Opinion

“I think I was wrong then about the path that inflation would take,” Treasury Secretary Janet Yellen told CNN on Tuesday, referring to a 2021 comment that there was a “small risk” of inflation.

To those hoping the Fed will get its act together and fix this: remember that Yellen is the former Fed Chair and deeply steeped in the Fed’s way of thinking.

Doesn’t inspire confidence.

Upholding Roe v. Wade Is Supported by Most Americans, WSJ Poll Finds - WSJ

Some 57% of respondents said a woman should be able to obtain a legal abortion if she wants it for any reason, the highest share since NORC began asking the question every few years starting in 1977.

If you’re wondering why our society is so violent, start here. 57% of Americans think a mother has a legal right to kill their child based on any whim or excuse.

Our sense of justice is rightly violated over acts of mass murder, but we’re completely anesthetized to the thousands of children killed by elective abortion every day of the week.

We are the problem and we are the solution.

Why ‘Do Something’ on Gun Control Won’t Work - WSJ Opinion

The high approval cost—now estimated at $2.6 billion per drug—also means rarer diseases receive little research attention.

Article cites an FDA approval rate of 12%. So after pharma goes through years of R&D spending, and recovering costs for unapproved drugs, they have to price in another $2.6B just to break even.

But when talking about reducing drug costs, this is expense is never brought up.

Biden’s Ukraine Rocket Whiplash - WSJ Opinion

If the Ukrainians have promised to use the weapons only to defend their territory, why limit the reach of the rockets the U.S. provides?

A short range system can hit Russia if its parked close enough to the border.

Three months into this conflict and we’re still trying to placate Putin? Give the Ukrainians the firepower to take the fight all the way to the border.

Biden Has No Plan to Fight Inflation - WSJ Opinion

It was smart to make your case in a newspaper whose editorial page is often critical of you. Your challenge in winning over voters, however, is not that you haven’t explained your views and policies, but that you need to demonstrate greater competence.

We win as a team; when the Administration is failing, we all get hurt.

And right now, we’re all getting pummeled.

Record Gas Prices Hit Americans’ Start to Summer Travel Season - WSJ

New York on Wednesday became the latest state to suspend its gas tax, pausing its tax on regular and diesel gas through the end of the year.

States use gas taxes for infrastructure. So they’re suspending the gas tax and backfilling with money from last year’s $1T Infrastructure Bill. That “transformational investment,” which now costs $1.5T with inflation, is going to nothing more than routine maintenance and to subsidize taxpayers in other states.

Crypto Industry Sees Surge in Lawsuits as Investor Losses Pile Up - WSJ

Kenneth Donovan, 27 years old and a plaintiff who began investing in cryptocurrency in 2019, said he bought $335,000 worth of GYEN last year after reading its white paper and learning the New York Department of Financial Services had authorized GMO-Z.com to issue stablecoins in the state. In a matter of hours, he said, his investment plummeted to $3,000, wiping out nearly his entire life savings.

Not an investment.

Man Tries Running To Boost Health And Oh No! He Now Has 7 New Injuries! - The Babylon Bee

“Well, it looks like my running career is already over,” said Winkley. “Once I regain my ability to walk and run and turn my head both ways, maybe I’ll resume. But for now, I need to sit back in my recliner and heal.” 

Europe Hits Putin Where It Hurts - WSJ Opinion

It’s also notable that Europe went ahead with oil sanctions despite quiet lobbying by the U.S. in favor of an alternative tariff proposal. The Biden Administration is worried about the impact of withdrawing Russian crude from the world market on gasoline prices and the November elections.

Gross.

But the White House could help itself and the world on that score if it ceased its political and regulatory war on fossil fuels. One of the many mysteries of this Presidency is why Mr. Biden has responded to the Ukraine invasion by pressing for more oil production everywhere but in the domestic U.S.

States Help Business Owners Save Big on Federal Taxes With SALT-Cap Workarounds - WSJ

The state laws blunt the cap’s effect on owners of closely held businesses such as law firms, hedge funds, manufacturers and car dealerships, while workers earning wages generally can’t take advantage.

lol

Joe Biden: My Plan for Fighting Inflation - WSJ Opinion

First, the Federal Reserve has a primary responsibility to control inflation.

The title is his plan to fight inflation.

His first bullet point is to say it’s not his responsibility.

Last week the nonpartisan Congressional Budget Office projected that the deficit will fall by $1.7 trillion this year—the largest reduction in history. That will leave the deficit as a share of the economy lower than prepandemic levels and lower than CBO projected for this year before the American Rescue Plan passed. This deficit progress wasn’t preordained.

He’s right, it wasn’t preordained. Without the American Rescue Plan and the decades high inflation that it produced, we defiantly wouldn’t have seen this deficit reduction.

Also, to save you some time, the word of the week is “transition.” Not to be confused with last week’s “transitory.”

Canada to Ban Purchase, Sale of Handguns in New Gun Control Measures - WSJ

Canada will compel owners of banned semiautomatic firearms to sell their weapons to the government, starting at the end of this year.

The nation’s criminals are queuing up now.

“Other than using firearms for sport shooting and hunting, there is no reason anyone in Canada should need guns in their everyday lives,” Mr. Trudeau said

Ukraine?

A Federal Budget Warning for Joe Manchin - WSJ Opinion

Alas, higher spending will more than offset all of the revenue windfall. Recall how Members of Congress claimed their $1 trillion infrastructure bill would be “fully paid for”? CBO now says the bill will cost $678 billion more in outlays than its estimate last summer, as higher spending on public works over the next few years will be baked into the budget baseline.

That didn’t take long.

Treasury Releases Pandemic Funding for Small Businesses as They Face New Risks - WSJ

The program was approved as part of a $1.9 trillion coronavirus aid package passed by Congress along party lines in March 2021. Since then, unemployment has fallen and the economy surpassed its prepandemic size

It’s heart-warming to see our government riding in to save us a mere 27 months after the start of the pandemic, and only 15 months after Congress authorized the spending. Efficiency!

LeBron Confused By Hockey Players Who Get Back Up After Getting Knocked Down - The Babylon Bee

Much to LeBron’s astonishment, he then witnessed a fistfight break out as two players repeatedly punched each other in the teeth. “Foul! Foul!” cried LeBron, tears streaming down his face.

There’s something magical about a Friday night at the airport in summer.

Things may be rough out there: gas prices, food prices, inflation, mortgage rates, no baby formula, empty shelves, Ukraine, it’s a long list.

But at least the president doesn’t say mean things on Twitter!

SEC Proposes More Disclosure Requirements for ESG Funds - WSJ

“A fund’s name is often one of the most important pieces of information that investors use in selecting a fund,” Mr. Gensler said.

Terrifying to think that the SEC believes this to be true, and their solution is to… change naming rules?

Last day of school!

👨🏻‍🏫

As Biden Zeroes In on Student-Loan Forgiveness Decision, Voter Anxiety Grows - WSJ

“They dangled it over our heads to get us to vote for Biden and then did nothing,” said recent UNC graduate Brandon Overbeek, a 23-year-old liberal who estimated he has almost $100,000 in student loans.

Welcome to the adult world, Brandon.

Ms. Dulin, a Democrat who has about $20,000 in student loans, didn’t vote in 2020 and said she hasn’t decided whether she will vote in the midterms. She said she would be more likely to vote if Mr. Biden put forward a substantial loan- forgiveness plan.

I look forward to buying Ms. Dulin’s education, and her vote, for the president with my tax dollars this fall.

I love the smell of hazelnut and coffee.