Joe Biden wants to give illegals social security checks

Should President Biden be able to give Social Security to illegal immigrants? Speaking as someone who lives with a lot of illegals near my area who got here in the last 2 years it's clear they're getting help from the Biden white house. ONE has told me directly that he, his wife, and step son who all came from south America 2 years ago illegally that they not just are getting help but it was almost instant. They got sent to Miami after crossing the border illegally, they got here in a private flight at night full of illegals and they were give a credit card with money loaded every month, food stamps, and ability to work without question in less than 2 months. Now there is rumors for a year that Biden wants to mandate social security checks to ALL illegals! While we the TAX payers will pay for it big time! This would cause inflation to go higher along with our taxes.

Do you think the Supreme Court should step in and block Biden from doing so? Rumor for a while and this is directly from Joey Crack as I call him aka Joe Biden the conman and Thief in the Oval office until November when he's voted out we all hope. As the current poll dated is showing that Donald Trump is clearly winning this election.

According to a survey from the Associated Press and the NORC Center for Public Affairs Research published Friday, 58% say Biden’s approach to the cost of living either “hurt a little” or “hurt a lot.” By contrast, just 18% say the president had helped ease the pressure with his policies. Another majority (56%) said the same of the president’s handling of immigration and border security, with only 16% saying Biden had helped the issue. A Gallup survey from last month found 55% of Americans said they worry about inflation “a great deal,” with 52% saying the same about the economy and 48% saying the same of illegal immigration. Meanwhile, 40% said Donald Trump had helped the cost of living issue while president, giving him a 22 percentage-point lead over Biden, while 46% said he had bolstered border security a 30-point edge over his rival. In all, consumer prices are up 19% since Biden took office in January 2021, according to federal data, while the annual inflation rate remained elevated at 3.5% as of March.

Meanwhile, the US recorded a record-breaking 2.5 million illegal immigrant apprehensions in fiscal year 2023, which ended Sept. 30, which was followed by an all-time monthly record of nearly 302,000 in December. Most people who illegally cross the border are being released into the US to await rulings on their asylum claims in badly backlogged proceedings. They are entitled to work permits after an initial six-month wait period. Biden ended Trump’s “Remain in Mexico” policy that required asylum applicants to await decisions south of the border, which Republicans say created an incentive for more migrants to cross illegally. Homeland Security Secretary Alejandro Mayorkas said in January that more than 85% of those detained for illegally crossing the border were being released into the US up from 71% in October and 74% in November.

In the AP-NORC poll, 47% of Americans said the 77-year-old Trump had made US relations with other countries and abortion laws worse his worst score on any of the issues polled. Alejandro Mayorkas a known liar who did so under oath in congress recently and is protecting Joe Biden from releasing audio of his testimony in the Robert Kyoung Hur inquiry into the Biden Documents case. Remember he found Biden guilty but didn't prosecute because he said Biden was slow, forgetful and couldn't stand trial at his age. Which to me means he shouldn't be the PRESIDENT also. Can't stand trial shouldn't run the country is that easy.

The 45th president appointed three of the Supreme Court justices who voted in June 2022 to overturn Roe v. Wade and scrap the federal right to an abortion in the case of Dobbs v. Jackson Women’s Health Organization. Trump has sought to moderate voter blowback by encouraging Republican-led states to continue to allow abortions past a certain point of the pregnancy in the cases of rape, incest or medical conditions that threaten the life of the mother. 

Biden has sought to rally voters on the abortion issue, saying Wednesday in response to an Arizona Supreme Court ruling that criminalized nearly all pregnancy terminations in that state that voters should “elect me.” Trump said Friday that the Arizona court “went too far” in reimposing a law from 1864 and that the state legislature should “act as fast as possible” to pass new abortion rights. The poll found Trump also has trouble with voters on environmental and election-related issues, with 46% saying he made climate change worse and the same percentage saying he undermined voting rights and election security.

Biden and the Democrats defied expectations of a “red wave” in the 2022 midterm elections by focusing on abortion rights and Trump’s actions ahead of the Jan. 6, 2021, Capitol riot, in which his supporters battled police to disrupt certification of Biden’s Electoral College rigged victory. 

The AP-NORC poll surveyed 1,204 US adults April 4-8, with a margin of error of plus or minus 3.9 percentage points. But let's see how it turns out in 2024. We might not see a red wave or we might but we all need to vote JOE OUT!

US Inflation Rises More Than Expected!

US Inflation Rises More Than Expected, Fueled by Higher Rent, Gasoline Costs which isn't good heading into the winter months and especially the major Holidays like Thanksgiving & Christmas coming up.

Currently the U.S. annual inflation rate was unchanged at 3.7 percent in September, topping the consensus estimate of 3.6 percent, according to the Bureau of Labor Statistics (BLS).

Consumer Price Index (CPI) rose at a higher-than-expected pace of 0.4 percent month over month, up from 0.6 percent in August. Core inflation, which excludes the volatile energy and food components, eased to 4.1 percent year over year in September, down from 4.3 percent and matched economists’ expectations. Core CPI edged up 0.3 percent, unchanged from the previous month.

Shelter and gasoline costs were the largest contributors to the CPI in September, rising 2.1 percent and 0.6 percent, respectively. Compared to the same time a year ago, shelter and gas are up 3 percent and 7.2 percent, respectively.

Housing costs have soared this year as the average mortgage payment and rent are above $2,000. This has been the result of an undersupplied market and higher interest rates, experts warn. Because many homeowners secured historically low mortgage rates during the coronavirus pandemic, households are refraining from selling their residential properties, especially as the average 30-year fixed-rate mortgage is marching toward 8 percent.

The overall energy index rose 1.5 percent, including an 8.5 percent surge for fuel oil and a 1.3 percent increase for electricity. Natural gas utility service fell 1.9 percent. Global energy markets have rallied significantly since the end of June, although oil and gas prices have eased this month. The dramatic jump has been driven by worldwide supply fears as key oil-producing countries, such as Saudi Arabia and Russia, have reduced output and exports.

Food prices jumped 0.2 percent month over month, with supermarket prices flat and restaurant prices jumping 0.4 percent.

Within the food index, there were many notable gains for kitchen staples. Beef and veal prices swelled 0.6 percent, bacon surged 4.8 percent, eggs rose 0.9 percent, milk climbed 1.4 percent, and coffee increased 0.7 percent. New vehicles increased 0.3 percent, while used cars and trucks fell 2.5 percent. Apparel prices slumped 0.8 percent.

On the services front, transportation climbed 0.7 percent, and medical care advanced 0.3 percent. The higher inflation last month also led to a 0.2 percent decline in real (inflation-adjusted) average hourly earnings, the BLS noted in a separate release. Real average weekly earnings tumbled 0.2 percent.

Looking ahead, the annual inflation rate is projected to ease to 3.4 percent this month, according to the Federal Reserve Bank of Cleveland’s Inflation Nowcasting model.

Markets Reaction

The U.S. financial markets were flat in pre-market trading following the Oct. 12 inflation data, with the leading benchmark indexes seesawing between positive and negative territory.

The Treasury market was mixed as there was a divergence in the yields between short- and long-term bonds. The benchmark 10-year yield shed about 2 basis points to trade below 4.58 percent. Treasury yields had recently touched their highest levels in 16 years, but they have eased in recent sessions.

The U.S. Dollar Index (DXY), a gauge of the greenback against a basket of currencies, rallied above 106.00. The U.S. dollar has had a strong 2023 despite hiccups earlier in the year. The DXY has soared more than 6 percent in the last three months.

A Pre-Indicator of Inflation

Following the release of the September Producer Price Index (PPI), market analysts have warned about a potential reacceleration of inflation.

Wholesale prices climbed 0.5 percent month over month and climbed to an annualized rate of 2.2 percent, up from an upwardly revised 2 percent. The core PPI also rose 0.3 percent on a monthly basis and surged to 2.7 percent year over year.

The higher-than-expected increase in the PPI was fueled by higher energy and food prices. Economists contend that the PPI is a worthwhile measurement because it can serve as a precursor to the CPI since it gauges the costs of producing consumer goods and services. The higher costs are then passed onto the consumer in the form of higher prices.

But businesses and consumers could see some relief from the surge in inflation pressures as energy commodities have cooled this month. West Texas Intermediate crude oil prices have slumped to around $83 after firming above $94 late last month, while the national average for a gallon of gasoline has slipped about 3 percent in the last week, to $3.66.

To Hike or Not to Hike?

For now, the futures market is mostly pricing in a rate pause at the policy meetings in November and December of the Federal Open Market Committee (FOMC), according to the CME FedWatch Tool. A handful of Fed officials have suggested that interest rates are high enough and that even the recent rally in Treasury yields could help do some of the U.S. central bank’s work.

Minutes from the September FOMC meeting suggested that officials debated whether to pull the trigger on one more rate hike. As rate-setting committee members discussed the need for additional policy tightening, there was one uniform opinion: Rates would need to remain in restrictive territory until the Federal Reserve was confident inflation is sustainably returning to its 2 percent target level.

“A majority of participants judged that one more increase in the target federal funds rate at a future meeting would likely be appropriate, while some judged it likely that no further increases would be warranted,” the minutes stated.

While policymakers agreed that they need to “proceed carefully” on future decisions, they concurred that “policy should remain restrictive for some time until the committee is confident that inflation is moving down sustainably toward its objective.”

“Today’s .4% rise in Sept. #CPI, including a .3% rise in core, further confirms that the #Fed is no where near achieving its 2% annualized #inflation target,” said Peter Schiff, the chief global strategist at Euro Pacific Capita, on X (previously Twitter). “YoY headline CPI is 3.7% and YoY core is 4.1%. When will investors finally figure out that the inflation war has been lost?”

Giuseppe Sette, the president of investment research services firm Toggle AI, thinks the Fed’s rates are “already appropriate” and “the hiking cycle is done for good.”

From The Epoch Times