Tag: Fox News

‘GREAT PERIL’: Economic Expert Issues Dire Warning on Biden Economic Policies

by Breck Worsham, posted in economy, news, politics

WASHINGTON–Steve Moore, chief economist at FreedomWorks, issued a stern warning Monday that recent bank collapses may be “just the tip of the iceberg” of Biden’s failed economic policies.

In an appearance on Fox News, Moore told Harris Faulkner that the Biden administration’s spending caused the Federal Reserve to raise interest rates, leading to financial problems for many major banks.

“I agree with the president that we don’t have an overall banking crisis. The system is sound, but I do think you have a lot of major banks that are in some trouble. And SVB, the Silicon Valley Bank, may just be the tip of the iceberg here,” Trump’s former White House adviser said of the current economic situation. “And I think it’s important for people to understand how this potential banking crisis happened. It’s not because there aren’t enough bank regulators, as Biden is trying to say. It’s because of the massive inflation and the trillions and trillions of dollars of borrowing that the federal government has done that has put our financial system in great jeopardy and great peril.”

“You can’t just keep doing this month after month, year after year, borrowing trillions and trillions of dollars. And so what happened, because of the Biden spending and debt policies, is that not only did inflation go up, but interest rates have gone up,” Moore added. “Harris, as you know, the Fed has had to raise interest rates eight or nine times, and they’re talking about more interest rate increases to come. And that’s caused a lot of financial problems for these big banks is the interest rates go up.”

Biden responded Monday to the economic crisis, stating that Americans can “feel confident” in their banking system after his administration’s response to the collapse of Silicon Valley Bank (SVB) and Signature Bank last week.

“No losses will be borne by the taxpayers,” Biden said. “Instead, the money will come from the fees that banks pay into the deposit insurance fund. Because of the actions that our regulators have already taken, every American should feel confident that their deposits will be there if and when they need them.”

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REPORT: Retired Fauci Charging Up To $100K For Speeches – Accused of “Money Laundering”

by Breck Worsham, posted in health, media, news, politics

WASHINGTON– Dr. Anthony Fauci was chastised online on Sunday after critics discovered that the retired NIAID director, who was once the highest-paid federal U.S. government employee, is charging up to $100,000 for speaking engagements.

Florida Gov. Ron DeSantis‘ rapid response director Christina Pushaw on Sunday tweeted a screenshot from the Leading Motivational Speaker’s Agency’s website, which lists Fauci as a “motivational” and “health care” keynote speaker with a price tag that ranges from $50,000 to $100,000.

The website describes Fauci as someone “who’s career warrants execution under immense pressure that can alter the course of human existence. His work on domestic as well as global health issues has saved millions of lives. This high level of research, discovery and execution is amazing given the grave challenges he faces on a daily basis,” the agency writes. 

Outraged Fauci critics pounced on the former White House coronavirus task force member, accusing him of inflating his self-worth while emphasizing his role as one of the most controversial figures of the pandemic.

“Follow The Science Starting at 50k an hour,” Substack writer Jordan Schachtel wrote.

“Gotta replace the 400K federal salary…,” NewsBusters’ Tim Graham replied.

“The grift that keeps on gifting,” Kingsley Cortes, a conservative influencer and Trump 2020 campaign staffer, quipped.

Bitcoin and finance expert Saifedean Ammous tweeted, “Motivational? WTF is he motivating them to do? Triple mask? Gain of function?”

“The audacity of this man,” Latina conservative influencer Jennifer Barreto-Leyva tweeted.

Fauci is slated to give the 2023 Yale Medical School commencement speech in May. Last year alone, Fauci reportedly delivered keynote speeches at the commencement ceremonies for University of Maryland, Roger Williams University in Rhode Island and The City College of New York.

The chief Biden medical adviser was once considered the highest-paid employee of the U.S. government – surpassing even the president, a Freedom of Information Act request revealed. In 2019, Fauci pulled in $417,608.00 – his largest haul ever—and in the previous two years earned $384,625.00. Forbes reported that from 2010 to 2019, Fauci, the head of the National Institute of Allergy and Infectious Diseases, earned $3.6 million.

The Faucis saw their net worth expand from $7.5 million in 2019 to $12.6 million at the end of 2021, watchdog group OpenTheBooks discovered and shared with Fox News Digital. The increase came from the likes of investment gains, awards, compensation and royalties.

Fauci has been embraced by many in the media and Hollywood who portrayed him as a calming presence during a tumultuous Trump administration. But he also has his share of detractors who say he was inconsistent with his messaging at the beginning of the pandemic and see him as a career bureaucrat relishing in his newfound stardom.

FOX Business’ Edmund DeMarche contributed to this report.

REPORT: American Families Have Lost $6,800 in Annual Wages Due to Biden Economic Policies

by Breck Worsham, posted in economy, news, politics

WASHINGTON– Single American workers have lost $3,400 in annual wages during the first 18 month’s of Joe Biden’s presidency due to economic policies which have resulted in 40-year-high inflation, according to an expert at the Heritage Foundation.

In an interview with Fox News E.J. Antoni, a research fellow at the Heritage Foundation, said a family with two working parents has lost $6,800 in annual wages.

“I can’t emphasize enough how much this is really crushing consumers,” Antoni said about his estimate.

“It’s [inflation] truly crushing the middle class and then the White House spokesperson says these garbage lines like ‘the economy is in transition,’” he said. “Transition in the same sense, I suppose, that an iceberg transitioned the Titanic into a submarine.”

Despite bipartisan criticism of Biden’s economic policies the White House continues to spin the economic downturn claiming inflation will help consumers adapt to the more expensive renewable energy plans that the administration intends to implement.

On Wednesday, inflation rose to an annual rate of 9.1 percent which, according to the Department of Labor, is the highest rate since 1981.

According to a Moody’s analysis, Biden’s 40-year-high inflation will cost American households on average an extra $5,520 in 2022, or $460 per month. 

As Americans continue to struggle at the pump, 74 percent of likely voters said skyrocketing gas prices are an “extremely/very important” factor in how they will vote in the midterm elections. 

Current poll numbers show Biden’s approval rating remains in the low 30’s.

BATTLE FOR THE BORDER: Illegals Surge Border As Border Patrol Agents Are ‘Pulled From Field’

by Breck Worsham, posted in Uncategorized

MISSION, TX (The Western Journal)– A new video revealed illegal immigrants moving easily across the southern border from Mexico into the U.S. on Monday morning as Border Patrol agents are reportedly being pulled from the field to assist with paperwork.

“This morning, a group of illegal immigrant runners passed by us and disappeared into a nearby cotton field here in Mission, TX,” Fox News correspondent Bill Melugin reported from the Rio Grande Valley.

“There were no Border Patrol agents around. Many agents in the RGV have been pulled from field patrol to help w/ processing & paperwork,” he added.

Melugin also retweeted his interview on Monday on “Mornings with Maria” on Fox Business on the issue.

“Border Patrol agents at the Del Rio Sector are overwhelmed by high numbers of migrants. The 245 miles is only patrolled by 12 agents.@BillFOXLA is covering the story in Mission, Texas with wild video from just this morning,” the program tweeted.

Melugin commented, “We had a group of runners come zipping across right in front of us. It was a group of maybe six to 10 illegal immigrants who very clearly did not want to be caught by law enforcement.”

He added, “They ran right in front of us. They took off into a cotton field right by us and disappeared. There were no Border Patrol agents anywhere near us.”

The Washington Post reported earlier this month, “The number of migrants detained along the Mexico border crossed a new threshold last month, exceeding 200,000 for the first time in 21 years, according to U.S. Customs and Border Protection enforcement data released Thursday.”

The Post added, “Among the 212,672 migrants taken into U.S. custody in July were 82,966 family members and 18,962 unaccompanied teenagers and children — an all-time high.”

Three weeks ago, Border Patrol apprehended a record 834 unaccompanied children along the nation’s southern border in a single day.

“Biden’s open border policy is a disaster,” Arkansas Republican Sen. Tom Cotton tweeted at the time.

The record number does not even include children from Mexico, most of whom, a Homeland Security report stated, “will be repatriated and will not remain in CBP custody.”

In addition to the 834 unaccompanied migrant children, 2,784 children were in the custody of Customs and Border Protection and 591 transferred out of CBP custody.

A total of 14,523 migrant children were in the care of the Department of Health and Human Services, while 612 children were discharged from HHS care.

The updated statistics also noted the 30-day average of unaccompanied children apprehended and placed into CBP custody had reached 512 children per day.