The 'Inflation Reduction Act' Will Do The Exact Opposite; Does GOP Get To Play By Radical Left's New Rules?; Ammo Companies Say Packages Shipped With UPS Mysteriously Go "Missing"
"The Blood Is On His Hands": Giuliani Slams Soros After Billionaire Claims DAs Aren't To Blame For Crime Wave
Peter Schiff: The 'Inflation Reduction Act' Will Do The Exact Opposite
"...if the free market doesn’t want to do something, but politicians want to force it to happen anyway, it’s because it’s not the best use of the capital.
PART OF THE ARTICLE:
“Last Thursday, the House passed the Chips Act, a law that will subsidize the domestic computer chip industry by handing out roughly $52 billion in government subsidies for the US production of semiconductors. Peter called the bill “completely unconstitutional.”
There is nothing in the US Constitution that authorized the US government to pick winners and losers, and to decide to invest taxpayer money in particular businesses and hand over that money to industries like the computer chip industry.”
“Politicians call this kind of handout “an investment.” Peter said he doesn’t see how you can call it that.
There’s no return to the taxpayer. It’s simply a grant. The US government is giving $50 billion to private companies.”
It’s really just another example of government central planning. And it never works. As Peter said, capital needs to be allocated in the private sector.
If computer chips are viable, which of course they are, and if they’re necessary, then there will be a profit associated with producing those chips. And because private investors are incentivized by profits to make investments, there will be private sector investment in this industry if that is, in fact, what the country needs. And so the government needs to stay out of it. This is not an example of capitalism. This is an example of socialism. And this is going to fail.”
And of course, the federal government doesn’t have $50 billion.”
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Victor Davis Hanson: Does GOP Get To Play By Radical Left's New Rules?
Are the New Progressive Rules Reciprocal?
“Are today’s norms tomorrow’s norms?”
“In the era of peak woke we are supposed to accept any radical departure from long-held custom and tradition as the new normal.
Perhaps.
But if so, is the improved new code of behavior at least reciprocal? Will the radical Left really wish to live by its own novel normality when it loses power?”
[READ THE FOLLOWING CAREFULLY: - JRD]
Have leftists ever read Thucydides on the stasis at Corcyra and his warning that zealots who destroy laws, customs, and traditions for short-term gain, soon rue the day they began making such changes when, in vain, they seek refuge in the very sanctuaries of behavior that they have destroyed?
Open link for complete article
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Ammo Companies Say Packages Shipped With UPS Mysteriously Go "Missing"
"I believe one of my distributors has actually lost over $200,000 worth of ammunition that just wound up missing."
“It's hard to say if this growing trend is an approach by the Biden administration to use corporations as a weapon to cause as much havoc as possible for gun companies or if there were UPS drivers stealing packages. Over the years, there have been numerous reports of UPS drivers stealing whole shipments of guns (read: here & here).”
Open link for complete article
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"The Blood Is On His Hands": Giuliani Slams Soros After Billionaire Claims DAs Aren't To Blame For Crime Wave
"If there is one single person responsible for the record increases in murder and violence in America’s cities it’s George Soros..."
“Except that Soros' DAs are so universally bad they're facing recalls. In 2020 under Soros-funded District Attorney George Gascón, the city of Los Angeles saw a 36% increase in homicides, which LA County Sheriff, Alex Villanueva, blamed on the DA..
The widespread uptick in crime is the direct result of Gascón’s election as DA of L.A. County and his failure to prosecute offenses, according to Villanueva. Since Gascón took office, 2,690 cases—about 30 percent—“that normally would have gone through were rejected,” he told the Epoch Times.”