Economics – July 2023

August 3, 2023

Bidenomics is proving effective, as evidenced by a positive and supportive article highlighting the driving force of investments in infrastructure, chip technology, and green initiatives. However, some people question the basis for crediting these recently approved plans for the success. Additionally, they wonder if the 2.4% growth in one quarter truly provides a comprehensive picture. It's possible that we are merely returning to the pre-COVID normal state.

Or are the fifteen million jobs created merely hypothetical?

An infrastructure program would create 3.4 million jobs in the Southeast, 3.2 million jobs in the Pacific Coastal region, 2.8 million jobs in the Midwest, 2.4 million jobs in the Mid-Atlantic, 1.9 million jobs in the Southwest, and 713,000 jobs in New England. (source)

The PMI index does not reflect the momentum for sustained growth, leading to doubts about its accuracy. Some speculate that the apparent growth may be attributed to increased weapons deliveries, depleting strategic reserves, and the sale of "Russian" gas and oil, which might have been imported via China to Europe. These factors could potentially be influencing the economic situation and need to be considered in assessing the overall economic performance.

US Factory Activity Shrinks the Most in Nearly 3 Years: ISM

The ISM Manufacturing PMI in the United States fell to 46 in June 2023, from 46.9 in May and below forecasts of 47. The reading pointed to a faster rate of contraction in the manufacturing sector since May 2020, with companies managing outputs down as softness continues and optimism about the second half of 2023 weakening. “Demand remains weak, production is slowing due to lack of work, and suppliers have capacity. There are signs of more employment reduction actions in the near term", Timothy Fiore, Chair of the ISM said. In June, declines were seen in new orders (45.6 vs 42.6), production (46.7 vs 51.1), employment (48.1 vs 51.4), inventories (44 vs 45.8) and backlog of orders (38.7 vs 37.5). Also, price pressures eased (41.8 vs 44.2) and the supplier deliveries index increased to 45.7 from 43.5, a sign manufacturing lead times improved again. On the other hand, the customers’ inventories index dropped into ‘too low’ territory (46.2 vs 51.4), a positive for future production. 2023-07-03


Germany on the other Hand is a bit different and its growth perspective has improved.. Well if if you include statistical errors.

And what about the Sanctions and its influence on the Russian Economy?
Information provided here from the Vienna Institute for International Economic Studies.

After a sharp downturn in Q2 2022, the economy stabilized in the second half of the year and is projected to broadly stagnate in 2023. The overall picture masks the very uneven impact of the war and the sanctions across sectors: while domestic trade and industries that depend heavily on cross-border linkages have suffered, military production and certain import-substituting sectors have flourished. The recently imposed energy sanctions have dealt government revenue a heavy blow and will contribute to budget deficits being much higher in the years ahead.


The recession in Germany and inflation are weighing on the economies of the region, especially in the Visegrád countries. Russia will grow due to an arms boom, Ukraine should recover somewhat.

The Russian Economy in a Graph?

A good year and a half after the start of the Ukraine war, Western sanctions against Russia have missed their target, according to a leading economist. "The sanctions have failed," said Vasily Astrov of the Vienna Institute for International Economic Studies. Despite Western punitive measures and the burdens of the war, Russia is experiencing remarkable economic growth.

"The state and companies have adapted to the war of aggression against Ukraine and Western sanctions at an impressive pace," he said in an interview with the German news channel NTV. Even wages and salaries would rise.

The population will be affected to varying degrees by the sanctions. While the middle class is feeling the sanctions, poorer classes are experiencing positive effects due to labor shortages and higher wages. In general, private consumption has recovered quickly after a brief slump at the beginning of the war.

Overall, the sanctions have largely failed, Astrov concludes. Only the European import embargo on oil and the restrictions in the high-tech sector could have a long-term impact on Russia. Nevertheless, this is not enough to force President Putin to give in, according to experts.

Read the original German text here. 


Finally, here is an opinion piece on Russia from people that claim Bidenomics work.. You may notice some good differences.  As for the Ruble, not sure why they claim it lost all its value? Graph Source

October 10, 2025
The Democratic Party Shutdown Strategy: We've got ANTIFA and Weathermen in Congress, and a shutdown to please the 5%—is that a winning strategy? Perhaps a clear indication that the Democratic Party no longer exists. It is a Kimmel–Colbert–Springsteen sound-setting orchestra, with tunes from Rosie, Joy Reid, The View and Psaki, and MSNBC and other leftist commentators. Schumer and Jeffries are no longer relevant; the squad rule is on. Thank you, Bernie and Soros, but the shutdown will hopefully silence all government waste, a shutdown DOGE? If we miss you, we let you know, but for now, it is the Republicans in favor 70:30. Here's an explainer: fight, fight, fight against Trump—the only reasoning the Democrats offer these days. We need to elect politicians, not litigators and Soros activists. Axios has reported throughout the year how Hill Democrats have been besieged by an increasingly angry base demanding that they " fight harder " and "do something" about Trump. – In February, shortly after President Trump's inauguration, it was voters blowing up Democrats' phone lines with demands to "fight back" against DOGE. – In March, it was angry crowds gathered at town halls to chew Democrats out for purportedly not doing enough to resist Trump, which some lawmakers compared to the rise of the Tea Party. – By July, Democratic lawmakers were expressing concerns about their base demanding they put themselves in harm's way to draw attention to the administration's use of physical force. But it looks like the Democrats are united, with presidential candidates proposing and supporting the radical stance. Just wonder: Gavin Newsom urged Democrats to stand firm amid the government shutdown Friday, saying, "You lose leverage, you lose this country." ANTIFA leverage? The shutdown —essential and non-essential—or why are there government non-essential functions? Are the SPLC (no leftists), ACLU, ANTIFA , and the Redneck Revolt all part of non-essential feeding grounds? And what about academia ? Or are we at the start of a John Brown revolution, with unidentified actors/founders ? Portland, Oregon: Portland Oregon —why is ICE and the Trump administration so focused on Portland? It looks like an Eldorado to live in the state and city , but also a hotspot of the rebellion, because the elite rulers use it to provide what? A one-party state for many years . Oregon hasn't always had a lack of affordable housing, costly and poor-performing public schools, high taxes and heavy regulations on businesses, rampant drug addiction and homeless campers everywhere. Whom do you blame for all of this? Perhaps because people move there to live a hippy life—I mean a happy life—or the political mix. The people in rural areas don't care if the cities get waxed by anti-fascists. A 2008 analysis by political statistician Nate Silver on states' political ideology noted that the state's conservatives were the most conservative of any state (more so than Utah or Tennessee) and that the state's liberals were more liberal than any state (more so than Vermont or D.C.). For now, a Trump judge ruled in favor of ANTIFA . Let the demolition go on—happy winter. 'Justice has been served': Gov. Tina Kotek, others praise judge's ruling blocking troops to Portland. FBI Political Affiliations: Is the FBI politically Republican-charged? There is some social media claim that since the 1950s, no Democrat was leading the FBI. If you are counting James Comey, Robert Mueller, and Christopher Wray as Republicans, you perhaps need to note there is a litany of Trump haters in the Republican Party. But for good measure, it is called the Federal Bureau of Investigation, and nominations are approved by Congress and controlled by the AG and the US intelligence committee. Wonder why this is a question when Trump is president? Looks to me, with 90% lawyers on committees, like a straightforward legal matter. And shifting priorities —left and right have extreme activism . It is just a question of who you ask, so why not check them both accurately? But mental sickness is not part of an ideology—unless some publishers are politically biased.