Bidenomics - Breaking the Piggy Bank

Bidenomics - Breaking the Piggy Bank

The Biden Administration continues to grow the US debt significantly faster than the Obama and Trump Administrations. Extra legislative spending such as ignoring the SCOTUS and giving away hard earned tax dollars for student borrowers and the ever increasing costs of their green initiatives are not sustainable.

How long will the world and markets continue to support this borrowing binge?

 https://x.com/moxlosllc/status/1767639208749834305?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Bidenomics - Lagging Oil Production and Higher Prices

Bidenomics - Lagging Oil Production and Higher Prices

US crude oil production under Biden is significantly behind the production trends of Obama and Trump. The Biden policies (restricting leases, restricting development, ending pipeline construction, unjustified green legislation and initiatives) are likely behind this lagging performance.

The result is higher prices and the world's greater dependance on Middle East, Russian and dictator's oil.

https://x.com/moxlosllc/status/1767636557563891906?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Bidenomics - Increasing Prices

Bidenomics-Ouch!

 https://x.com/moxlosllc/status/1767582196146000082?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Bidenomics - Pandering not Progress

Bidenomics - Pandering not Progress

An interesting OpEd in The Hill about the negative impact Biden’s DEI initiatives are having on companies abilities to build strategically critical new computer chip plants. 

The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.

This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.

…The law contains 19 sections aimed at helping minority groups, including one creating a Chief Diversity Officer at the National Science Foundation, and several prioritizing scientific cooperation with what it calls “minority-serving institutions.” A section called “Opportunity and Inclusion” instructs the Department of Commerce to work with minority-owned businesses and make sure chipmakers “increase the participation of economically disadvantaged individuals in the semiconductor workforce.”

…Handouts abound. There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons. There’s plenty for the right—veterans and members of rural communities find their way into the typical DEI definition of minorities. There’s even plenty for the planet: Arizona Democrats just bragged they’ve won $15 million in CHIPS funding for an ASU project fighting climate change.

…tired of delays at its first fab, [TSMC]flew in 500 employees from Taiwan. This angered local workers, since the implication was that they weren’t skilled enough. With CHIPS grants at risk, TSMC caved in December, agreeing to rely on those workers and invest more in training them. A month later, it postponed its second Arizona fab.

Now TSMC has revealed plans to build a second fab in Japan. Its first, which broke ground in 2021, is about to begin production. TSMC has learned that when the Japanese promise money, they actually give it, and they allow it to use competent workers. TSMC is also sampling Germany’s chip subsidies, as is Intel.

Intel is also building fabs in Poland and Israel, which means it would rather risk Russian aggression and Hamas rockets over dealing with America’s DEI regime. Samsung is pivoting toward making its South Korean homeland the semiconductor superpower after Taiwan falls.

…The CHIPS Act’s current identity as a jobs program for favored minorities means companies are forced to recruit heavily from every population except white and Asian men already trained in the field.

https://thehill.com/opinion/4517470-dei-killed-the-chips-act/

https://x.com/moxlosllc/status/1767161074090914281?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Fair is subjective

 Fair is subjective

Tax code already progressive Top pay the highest and increasing share of total taxes Higher corporate taxes result in higher prices, lower wages, lower returns, and/or lower investment. 

If you took all of the wealth, not just the income, of the 10 richest Americans, you would only fund the government for two months.

If you took all of the wealth, not just the income, of the 400 richest Americans, you would only fund the government for 6.4 months.

https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/

https://x.com/moxlosllc/status/1766902126767227142?s=12

Biden’s delusional Gaza policies

Hamas is evil. 

Iran is evil. 

Israel not evil. 

Biden believes somehow if he gives more and punishes less that Iran and Hanas will somehow stop their evil behaviors.

https://x.com/moxlosllc/status/1766769970908631077?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Biden’s pusillanimous support

 

https://x.com/moxlosllc/status/1766478147199877590?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Biden's Jobs Smoke and Mirrors

Biden's Jobs Smoke and Mirrors

Biden continues to misrepresent his job regarding jobs.

Too many people not working.

Full time jobs are suffering.

And while he continues to try to take credit for the large number of jobs added during his administration he fails to provide the proper context that just like Trump "created" record jobs after the Pandemic, much of his "job creation" is due to a recovery after the government encouraged shut down.

https://x.com/moxlosllc/status/1766221028542300266?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Biden's REALly Low Defense Spending

Biden's real defense spending as a percent of the real GDP is really low.

Obama significantly reduced real defense spending.

Trump increased real defense spending.   

Biden’s defense spending essentially flat being left behind by his extensive non-defense spending  

A combination of minimal increase in real defense spending and a significant increase in total real spending results in record low levels of real defense spending as a percent of real GDP. 

Cost of Bidenomics

Cost of Bidenomics 

Mandating that companies report the greenhouse gas they emit directly and that is emitted by the energy they consume will add compliance costs (collecting and reporting) and judicial costs (as they are sued for unavoidable inaccuracies.)

These costs will be passed on to consumers, shareholders, and employees. 

This regulation will increase the risk for companies not decrease it.

https://x.com/moxlosllc/status/1765747903966970152?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

IVF Not Threatened

 

https://x.com/moxlosllc/status/1765602994970587504?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Biden’s Border BS

Biden’s Border BS

There is no bipartisan Senate Immigration Bill. The Senate was unable to pass their proposed bill because it didn’t have sufficient Republican support because it was a bad bill, it wasn’t needed, and was far inferior to the House of Representatives bill HR 2. 

What’s wrong with Senate proposal. 

The proposed Senate bill NEVER CLOSED the border. It gave the Secretary of Homeland Security the sole and non-reviewable DISCRETION to close the border ONLY AFTER 5000 illegal immigrants per day. This essentially codifies a practice of letting in large numbers of illegal aliens.

It relaxed the requirement of asylum eligibility from significant possibility to reasonable possibility. 

It limits the review of any judicial issue or question to the 11th Circuit Court which is the DC Circuit Court, with what some claim has a progressive bias, and would prohibit border states from seeking relief from their local federal district courts. 

Whatever illegal immigrants are allowed into the country for processing, if the processing is not completed in 90 days, they are released into the country with permission to work. 

While the proposal provides funding to add additional resources for evaluating asylum seekers, you have to trust that the Biden Administration would actually in good faith:

1.  try to resolve claims in 90 days;
2. would actually use Border Emergency Authority to close the border once limits were met; and,
3.  in judicial proceedings advocate for the more strict and narrow interpretation of the law.

Why is the Senate proposal not needed?

The Senate proposal is not needed because the President already has legal authority to control illegal immigration. 

Title 8, U.S. Code, sec. 1225(b)(1)(B)(IV) states: Any alien subject to the procedures under this clause shall be detained pending a final determination of credible fear of persecution and, if found not to have such a fear, until removed.

Title 8 U.S. Code, sec 1182(f): Whenever the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate.

Why is the House Bill better?

HOUSE BILL

• Requires a functioning electronic employment eligibility system and that companies use it
• Restarts and expands border wall 
• Denies any rights for people who try to sneak into the country. They must present themselves at port of entry
• Allows illegal aliens to be sent to another country
• Authorizes DHS to close border to achieve operational control
• Lets Federal Government not States set detention facility standards for minors
• Lets CBP make decisions for unaccompanied minors too young to understand what is happening
• Bar funds from being disbursed to NGOs that “facilitate or encourage unlawful activity,”
• Enforces the current law that asylum seekers be detained until their case is settled
• Discourages fraudulent asylum seekers
• Criminalizes overstaying a legal visa 

SENATE BILL

• Allows release of asylum seekers into the US while their cases are being resolved
• Lets asylum seekers work in the United States
• Funds NGO’s encouraging and facilitating illegal immigration’s
• Makes asylum seeking quicker and easier
• Facilitate The proposal claims it will add resources and change procedures to expedite asylum claims resolution. 
• Has a relaxed and ambiguous definition for valid asylum claims.
• Gives the Secretary of the DHS the sole and nonreviewable discretion, but not requirement, to stop allowing entry of asylum seekers, at a level of almost 2,000,000 asylum seekers per year.

https://x.com/moxlosllc/status/1765544073862029733?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Biden's Borrowing Binge

Biden's Borrowing Binge

Bidenomics is resulting in record increases in Government borrowing. The critical question is: how much debt will the markets support for how long?  What is clear is that if or when the market looses confidence that this debt can be repaid without significant inflation, interest rates will blow up.

 https://x.com/moxlosllc/status/1765383248190808318?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Democrats Shocked

In a 9–0 decision, the Supreme Court shocks all of those people suffering from TDS.

Maybe they need to expand their sources of information?

https://x.com/moxlosllc/status/1764677960945045626?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Climate Sky Not Falling

 https://x.com/moxlosllc/status/1764644834453618696?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Pass HR2



HOUSE BILL

• Requires a functioning electronic employment eligibility system and that companies use it
• Restarts and expands border wall 
• Denies any rights for people who try to sneak into the country. They must present themselves at port of entry
• Allows illegal aliens to be sent to another country
• Authorizes DHS to close border to achieve operational control
• Lets Federal Government not States set detention facility standards for minors
• Lets CBP make decisions for unaccompanied minors too young to understand what is happening
• Bar funds from being disbursed to NGOs that “facilitate or encourage unlawful activity,”
• Enforces the current law that asylum seekers be detained until their case is settled
• Discourages fraudulent asylum seekers
• Criminalizes overstaying a legal visa 

SENATE BILL

• Allows release of asylum seekers into the US while their cases are being resolved
• Lets asylum seekers work in the United States
• Funds NGO’s encouraging and facilitating illegal immigration’s
• Makes asylum seeking quicker and easier
• Facilitate The proposal claims it will add resources and change procedures to expedite asylum claims resolution. 
• Has a relaxed and ambiguous definition for valid asylum claims.
• Gives the Secretary of the DHS the sole and nonreviewable discretion, but not requirement, to stop allowing entry of asylum seekers, at a level of almost 2,000,000 asylum seekers per year.

https://x.com/moxlosllc/status/1763558599182139711?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Illinois Crazy

Despite a SCOTUS hearing that would have indicated to any intellectually honest person that States, let alone an elected State Official, cannot stop Trump from being in the ballot,  Cook County Judge has just taken this crazy action. 

One "No" means Trump stays on the ballot

KEY QUESTIONS

1. Is the Presidency a civil office?
2. Does it preclude running for position, with the alternative being taking position?
3. Was it an Insurrection?
4. If an insurrection, did President take part in it?
5. Does the President take an oath to support the Constitution?
6. Is the President an officer of the United States?
7. Would removal of preclusion by Congress be required before running, with the alternative being required before taking position?
8. Can state officials or state judicial proceedings preclude an individual from a Federal position without federal law and/or federal action?
9. 
   https://x.com/moxlosllc/status/1763056745901969841?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

SCOTUS Bump Stocks

Supreme Court hears arguments on question of rifles with bump stocks being machine guns. 

Two key questions. 

1. What does a single function of the trigger mean?

2. Can we use our interpretation today of the intent of the law in 1934 to mean a rate of fire instead of the language of the law which requires a single function of the trigger. 

26 U.S. Code § 5845 (b) Machinegun - The term “machinegun” means any weapon which shoots, is designed to shoot, or can be readily restored to shoot, automatically more than one shot, without manual reloading, by a single function of the trigger.  

Typical automatic rifle fires 15 rounds per second. With an automatic one function of the trigger results in continuous firing without any further trigger function.

A typical semiautomatic rifle fires 5 rounds per second. With a semiautomatic, one function of the trigger results in the firing of one bullet. 

A Bump Stock on a typical semiautomatic rifle files 7.5 rounds per second. With a bump stock, the mechanism along with the recoil energy of the gun allow rapid multiple functions of the trigger.

I have no problem with making bump stop illegal.

I do think the language of the law would NOT classify rifles with bump stocks as machine guns.

I think SCOTUS should not make law. 

I think Congress should refine the law to include bump stocks if they want to restrict them.

https://x.com/moxlosllc/status/1763030269190135905?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

The IVF sky is not falling

The IVF sky is not falling

The recent Alabama Supreme Court ruling regarding IVF will be quickly addressed, will ultimate not threaten IVF and has nothing to do with the Dobbs decision. 

What you are hearing is the Democratic spin machine misleading America.

What the Democrats ignore is the key question: what rights, if any, does an unborn human have when, if ever?

An embryo is a group of cells that results from the repeated division of the zygote, the fertilized egg. 

In vivo, with normal development,  the embryo migrates and implants into the uterus where it further grows and develops into a fetus and then ultimately into a baby. 

Technology has developed that allows embryos to be created outside of the body. These in vitro embryos have become an important and critical component that allows some people that are not capable of conceiving to have a baby. These in vitro embryo embryos are frozen and then can be used later to implant into a uterus to lead to a baby. 

An IVF clinic in Alabama allowed an unauthorized person to access and destroy some frozen embryos. 

The couple that had provided the egg and sperm and funding to form the destroyed embryos and that had intended to use one or more of the destroyed embryos to be be implanted to lead to a baby sued the IVF clinic for wrongful death of a minor. 

Alabama’s Wrongful Death of a Minor Act

Alabama's Wrongful Death of a Minor Act first enacted in 1872, allows the parents of a deceased child to bring a claim seeking punitive damage when the death of a minor child is caused by the wrongful act, omission, or negligence of any person. The Act did not define

either "child" or "minor child.

In 2011 Alabama’s Supreme Court but this Court held in Mack v. Carmack, 79 So. 3d 597 that an unborn child qualifies as a "minor child" under the Act, regardless of that child's viability or stage of development.

Last week the Alabama Supreme Court held that a frozen embryo qualifies as an unborn child.

The Governor of Alabama as well as many of the Legislators in Alabama have indicated that they do not agree with the Court’s ruling and are developing legislation to remedy the situation. 

What you are hearing from Democrats is an organized effort to mislead Americans on the issue. 

This has nothing to do with the Dobbs decision on abortion. It has to do with Alabama’s preexisting laws regarding wrongful death of a minor.

Republicans do not want to end IVF. With the exception of an extremely small number of people who believe life begins at conception, Republicans do not oppose IVF and in fact there is complete agreement by Republican leaders that IVF should not be prohibited. 

What the Democrats ignore is the key question: what, if any, rights does an unborn human have when, if ever?

The Alabama Supreme Court’s position that an in-vitro embryo is an unborn child will be modified when the Alabama legislature clarifies the law. 

Clearly there are many who highly value their in-vitro frozen embryos and/or the IVF process as a path toward pregnancy. How should their frozen embryos be valued by society and the courts.

https://x.com/moxlosllc/status/1762531633901793312?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

Illinois gerrymandering ignores blacks

Illinois gerrymandering ignores blacks. Illinois does not have one majority black district.

Illinois Democrats have drawn convoluted districts, diluting black votes so that they can maintain Democratic control.

The Princeton Gerrymandering Project grades Illinois with an F. 

SCOTUS recently ruled that redistricting that dilutes black voters is not constitutional: ALLEN, ALABAMA SECRETARY OF STATE, ET AL. v.

MILLIGAN ET AL.

The most recent Illinois US representative redistricting, has extreme gerrymandering and dilution of black voters (see picture below.)

I am curious how or why the recent Alabama ruling can’t be used to support a redistricting challenge by black Republicans in Illinois?

https://x.com/moxlosllc/status/1762104474288394749?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A