Our weekly report card on President Joe Biden is highlighted by inflationary pressures on his reelection.
He did get a boost politically when abortion surged back into the top issues after Arizona’s highest court cited a Civil War-era law to ban most of the procedures in the state.There was some humor during the week thanks to the State Visit of Japanese Prime Minister Fumio Kishida and his funny references to current culture.
The interest on the federal debt was $1.06 trillion in the first six months of FY 2024. That’s higher than the entire defense budget for the year of $825 billion. We’re going broke fast and President Joe Biden is doing everything he can to accelerate it. And, of course, Biden is still trying to prevent Israel from attacking the last Hamas stronghold in Rafah City. Biden — really, Secretary of State, national security adviser Jake Sullivan, and whoever else is pulling his strings — want Israel to lose the war Hamas started on October 7. For shame.The rate of inflation turned in the wrong direction this week, higher than the previous month and postponing a Fed decision to lower interest rates.
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