More damning testimony under oath yesterday!

Average gas prices are typically inflated
because some stations are selling gas for well above the local market price — and even a handful of high-priced stations can unduly affect the average.
Imagine nine stations selling gas for $3.99 a gallon, and one station selling for $4.25. The average of those ten stations would still be $4.02.

Overall, the national average has fallen 10%, or 50 cents, since hitting the record high of $5.02 a gallon seven weeks ago. It's the biggest percentage drop in gas prices since the bottom fell out of the market in early 2020, when stay-at-home orders at the start of the pandemic caused gasoline usage to plunge and crude oil prices to briefly turn negative.

and more to come today 

Steve Bannon found guilty of contempt of Congress
(CNN)A federal jury has found former Trump adviser Steve Bannon guilty of contempt of Congress for defying a subpoena from the House select committee investigating the January 6 attack.
The conviction is a victory for the House January 6 select committee as it continues to seek the cooperation of reluctant witnesses in its historic investigation. It is also a victory for the Justice Department, which is under intense scrutiny for its approach to matters related to the January 6 attack.

After nearly two days of hearing evidence and witness testimony, the jury reached a unanimous verdict on the two contempt charges in less than three hours.

Is it possible to get pardoned twice,asking for a friend.As much as this piece of garbage seemed like he was afraid to take a shower before,imagine how terrified Mr ToughGuy will be of them now.Bye bye Stevie!

He fell into a burning ring of fire
He went down, down, down and the flames went higher
And it burns, burns, burns
The ring of fire,
the ring of fire

US stocks rose after the Federal Reserve boosted interest rates by three-quarters of a percentage point for the second straight time in order to combat rampant inflation.
Fed chair Jerome Powell suggested that the central bank could slow the pace and size of future rate hikes if the economy cools.

Dow gained 445 points, or 1.4%, in afternoon trading Wednesday.
S&P 500 was up 2.5%.
Nasdaq Composite rose nearly 4%.

all 3 finished the week strong

Personally looking forward to further gains this coming week 

Recently, democrat senate proposed deal could be the most significant climate action in US history.  Legislation reduces greenhouse gas emissions, federal deficit and healthcare costs while investing in new energy infrastructure.

Record high inflation. Astronomical amounts of money printing from the fed and the dems are trying to act like they'll bring down the deficit and lower health care costs with this new proposed deal  you guys are so gullible, no wonder why you're wrapped around their little fingers believing everything they tell you.  Just kicking the can till mid terms where dems stand no chance. Dems dream of their energy infrastructure utopia could be the reason the world economy is in the mess it's in. How's the UK and Germany doin with their energy infrastructure right now? 

@BigGame90

 The U.S. is hardly the only place where people are experiencing inflationary whiplash. A Pew Research Center analysis of data from 44 advanced economies finds that, in nearly all of them, consumer prices have risen substantially since pre-pandemic times.

You left that part out.

I left that out because that has nothing to do with US legislation that the bot third from the party of the left was referring to. I have my own thoughts and ideas as to why inflation is rampant and not transitory and there is no soft landing and that it won't be going away anytime soon. Pretty sure I've been giving those ideas for the better part of this year and since covid in almost half my posts. Maybe this was to happen after forcing everyone to stay home for months while giving away "free" money. 

There are many countries with higher inflation than the US.  For examples, Turkey and Argentina.  US has survived worse inflation before.  For example, 20% in 1947.  Current inflation is a transitional phenomenon while economies rebound from pandemic recession with demand exceeding supply in markets.  Better to have high inflation with low unemployment instead of low inflation with high unemployment.  History shows high inflation is temporary.  Naturally, US and other countries can expect more relief in the future.

Fed tried to tell us it was transitory, then had to go back on that and admit it's not transitory. Try again with your wording, people know it's not transitory nor will be it short lived. 

“We tend to use [transitory] to mean that it won't leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell said during a congressional hearing on Tuesday. “I think it's probably a good time to retire that word and try to explain more clearly what we mean.”Dec 3, 2021

Did nobody think that forcing everyone to stay home while giving them "free' money and closing small businesses and forcing production to halt wouldn't cause a higher demand for goods and services?! 

“We now understand better how little we understand about inflation”, Jay Powell, US Federal Reserve Chairman. The chemical industry is the best leading indicator for the global economy. But unfortunately, policymakers prefer to work with very out-of-date models of how they think the world “should be”.Jul 3, 2022

Better to have high inflation with low unemployment instead of low inflation with high unemployment. Remember when we had 2% inflation and low unemployment before covid? 

US is surviving high inflation because of credit, not cash. Why don't you show us the current consumer debt on credit cards? Does that have any correlation to rising inflation? It may seem like everything is fine right now, but what's going to happen 6 months, 1 year or 2 years from now if consumer debts continue to rise at rapid rates and inflation doesn't come back down?  Just print more money?? 

@BigGame90

 You mentioned the Dems don't have a chance in the mid-terms.

Don't you think Democrats will increase their seats in the Senate? 

CNN reveals 126 economists have send a letter to congress praising the Inflation reduction act.

The letter was signed by key economists including former Clinton Treasury Secretary Robert Rubin and Obama Treasury Secretary Jack Lew, Obama Labor Department chief economist Betsey Stevenson, .........yeah we get it, just like the 51 retired security specialists who said the laptop was Russian. 

From CNN; "The act would "very slightly increase inflation" for the first few years and then reduce it a bit by the late 2020s, according to a preliminary analysis by the Penn Wharton Budget Model, an independent research group that Manchin consults."

So, wait for it, wait - for - it.  Let's see very slightly minus a bit ???? So even more inflation now minus "a bit" over the next 8 years, WHOOO- HOOOO!!!!! 

"And Senate Republicans opposed to the legislation are pointing to an analysis from the nonpartisan Joint Committee on Taxation, which said the bill would raise taxes on Americans."

What a scam!

biden- "It's a great asset - more inflation." Then he shook his head and added, "What a stupid son of a bit@h."

That last line is for all you who believe this crap. That quote is more than 7 months old and nothing has been fixed, so maybe he was finally telling the truth. Only he said the quiet part out loud, like he usually does because it's not written on a card to not say it. 

Dems idea of getting inflation down...print more money because it takes money to bring prices down, duh. Bring back that 1 trillion dollar coin and just mint a few dozen and problem solved! 

@BigGame90

 Pssst hey Biggame,hurry up and switch back to the detox account.I've made some other posts about him in other threads,and he might wanna respond.

51 intelligence experts discredited the true Hunter Biden story. What’s your point? 

Nonpartisan Congress joint committee on taxation found Biden's climate and tax bill fiscally responsible.  Despite republican claims, the new legislation would only be a modest corporate tax increase and significantly reduce federal deficits.

Over 230 economists warn Manchin's spending bill will perpetuate inflation

Economic experts claim that Manchin's Inflation Reduction Act will actually make inflation worse

Over 230 economists warn Manchin's spending bill will perpetuate inflation