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The Show Notes: A Spectacular Backfire, Janet Yellen Says Don't Worry, & The Fire Tornado

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The Show Notes: A Spectacular Backfire, Janet Yellen Says Don't Worry, & The Fire Tornado

Erick-Woods Erickson
Aug 11, 2022
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The Show Notes: A Spectacular Backfire, Janet Yellen Says Don't Worry, & The Fire Tornado

ewerickson.substack.com

Welcome! The national average for a gallon of gas dropped below $4 per gallon.

Disney+ just increased its prices after posting big operating losses.

HEADLINE: Majority of Americans concerned about Biden’s mental health: new poll

The Post Office is hiking prices just in time for the holiday season. - CNBC

The Show Notes is my blueprint for radio but is only for subscribers. You can subscribe here and listen here. The show starts now.

Clip of the day: Ouch

Twitter avatar for @RNCResearch
RNC Research @RNCResearch
REPORTER: “What do you say to that Border Patrol official when you're telling them that you're going to add tens of thousands of people at the IRS but you're not going to add, you're not going to go down there and help them out?” BIDEN ADVISOR GENE SPERLING: ¯\_(ツ)_/¯
8:14 PM ∙ Aug 10, 2022
601Likes231Retweets

Not political but super cool:

Twitter avatar for @Breaking911
Breaking911 @Breaking911
WATCH: Video from @KTLA shows a Fire Tornado in Los Angeles County.
2:33 AM ∙ Aug 11, 2022
5,085Likes1,415Retweets

Yellen Swears 86K New IRS Agents Won’t Target You

Treasury Secretary Janet Yellen is directing the IRS to not use any of the 86,000 new agents provided in the latest spending bill to increase the chances of small businesses or middle class Americans from being audited. The strangly worded command should not come as relief to the middle class as CBS reports that middle and lower class Americans are five times more likely to be audited than the rich.

  • HEADLINE: IRS seeks armed accountants ready for ‘deadly force’ - Washington Examiner

Who Buys The Inflation Reduction Act?

A new poll released shows 41% of independents and 39% of those who identify as politically moderate believe the Inflation Reduction Act will increase inflation. Only 7% of independents believe the bill will do what the name suggests.

Twitter avatar for @IAPolls2022
InteractivePolls @IAPolls2022
YouGov poll: Do you think that this $369 billion climate and energy bill will increase or decrease inflation? Increase 42% Decrease 13% Increase/Decrease by Party: Democrats: 14/25 Republicans: 72/2 Independents: 41/7 August 7-9 / 1,500 Adults docs.cdn.yougov.com/33oc20o9t6/eco…
Image
10:02 PM ∙ Aug 10, 2022
506Likes226Retweets

Quote of the day:

Two senior government officials did not mince words when telling Newsweek their unfiltered thoughts on the raid of President Trump’s home.

"What a spectacular backfire… they (the FBI) wanted to punctuate the fact that this was a routine law enforcement action, stripped of any political overtones, and yet [they] got exactly the opposite."

Go read this piece

Ruy Teixeira has a piece titled Hispanic Voters Are Normie Voters. Go read it. Here’s ane excerpt:

Democrats are having a great deal of trouble holding on to Hispanic voters. In 2020, running against Donald Trump for a second time, in the midst of a COVID/economic crisis and after  the George Floyd summer of “racial reckoning”, Democrat Joe Biden actually did quite a bit worse among Hispanic voters than Hillary Clinton did in 2016. According to authoritative estimates from Democratic big data firm Catalist, the Democratic advantage among Hispanic voters slipped by a remarkable 16 points (two party vote) between the two elections. That doesn’t mean the Democrats lost the Hispanic vote. Far from it—they still got a solid majority of that group’s vote. But the size of their majority was whittled down considerably and appears to be falling further.

The seriousness of this problem tends to be underestimated in Democratic circles for a couple of reasons: (1) they don’t realize how big the shift has been; and (2) they don’t realize how thoroughly it undermines the most influential Democratic theory of the case for building their coalition.

The rest of the news:

  • Jobless claims rise to highest level in 2022 - Fox Business

  • Scoop: Miami mayor eyes White House - Axios

  • Mortgage rates climb above 5% once again - CNN

  • Whole Foods CEO John Mackey ‘concerned’ that ‘socialists are taking over’ - NY Post

  • Trump world gripped with anger, fear and a host of conspiracies about the FBI search - Politico

  • Democrats’ Inane Stock-Buyback Tax - National Review

  • Bolton on Iranian assassination plot: ‘This is a real window’ into Tehran government - Politico

  • Traffic accident fatalities are on the rise. What can be done? - The Week

  • State, local relief not in cards for residents of high-tax es as House assesses Inflation Reduction Act - CNBC

  • Dave Portnoy calls out LIV golf players’ lawsuit: ‘Shut up and take your money’ - Fox Business

  • Coke's latest bizarre flavor is here - CNN

  • OPEC Cuts Oil-Demand Forecasts as Economic Growth Slows - WSJ (paywall)

Tweets that caught my eye:

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