Thursday, June 23, 2022

It's Politics As Usual, or How to Manipulate Weak Minds

As I am biding my time, awaiting this week's EIA Crude and Products report... I thought I would delve into my current frustrations.

Namely, the failure of the fourth estate… or the press, media et al. I blame them for getting Trump elected in the first place. So eager were they to boost ratings, they went right along with the Trump Phenomena early in the race. I am not just referring to that right wing network. It was “must see TV”.

No doubt they were sure Trump could not win a presidency and therefore… pushed him over other republican candidates.

Unfortunately for all, they managed to subvert the 2016 election, in my opinion. It was not the Russians or anyone else. The fourth estate handed that election to Trump. To distance themselves from any blame, they went on the attack, and it was furious. 

I have no quibble with any of that, but they destroyed what little credibility that remained. By 2020, it was clear that truth, like Elvis… had left the building.

The issue I have, is their great fear of a Trump or Trump-like person (Republican) might win in 2024, they have completely lost any civic responsibility… when it comes to a sitting president.

We should not blame Biden for the current inflation…


So... who do I blame? But wait... inflation is everywhere, so don't blame Biden.


Fair enough to blame their inflation on Putin's invasion of Ukraine, but what about the preceding year in the United States?

I have frequently mentioned this...
Take credit for vaccines, $1,400 checks to everyone and then ignore what might happen to supply chains under this new found wealth. But blame it on Supply Chain, logistics, ports, etc. Just don't blame Biden.

  • The supply chain is snarled and causing inflation... don't blame Biden. (What really caused the ports to be congested in the first place)?
  • This inflation is transitory... don't blame Biden. 
  • It's Putin's invasion of Ukraine that is causing inflation... don't blame Biden. (For the past 3 months, but what about the previous 12 months)?
  • It's the greedy oil industry, running up prices... don't blame Biden. (Take the energy component out of the CPI and the inflation rate would still be at a 40 year high.)
So great, I won't blame Biden... but who should I blame?

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