The folly of the Biden administration’s recently announced “Inflation Reduction Act” recalls Orwellian slogans such as “Slavery is Freedom.” The plan will throw fuel on the flames of stagflation while accelerating environmental deterioration.
It is likely the Biden administration is pushing the idea that America is not in a recession to salvage a modicum of political viability, with congressional mid-terms quickly approaching. Unfortunately, the casualties of this naked political posturing will be American citizens’ wallets.
U.S. gross domestic product decreased by 0.9% in the second quarter of 2022, according to new data from Bureau of Economic Analysis, signaling the start of an economic recession in the U.S.
While many on the right are going after the left’s shifting definitions for the word “woman,” the one that is getting attention right now — and ought to get the attention of Republicans who want to win in November — is the fact that the White House website is now changing the definition of a “recession.”
Throughout the past year, the Vermont Chamber has heard from businesses experiencing the rise in retail theft, and we have been comparing the policy changes in other states aimed at addressing this issue, which could be blueprints for Vermont to follow in the coming years.
The funding is designated, according to the release, to assist small businesses with capital for creating high-quality jobs, expanding economic opportunities in underserved communities that lack the necessary capital to grow.
Primerica released the report, which found that 75% of middle-income families “say their income is falling behind the cost of living,” an eight-point rise since March. The poll found only 16% of those surveyed think they will be better off financially in a year.
Most Vermonters can agree that without a Herculean local effort or intervention by the state of Vermont, our rich heritage of having many local ski areas is at risk of being lost, possibly indefinitely.
“The five biggest semi-conductor companies that will likely receive the lion’s share of this taxpayer handout, Intel, Texas Instruments, Micron Technology, Global Foundries and Samsung, made $70 billion in profits last year. Does it sound like these companies really need corporate welfare?”
The economy is becoming the No. 1 issue for the November elections. At least 56% of Americans believe that Democrat Joe Biden’s policies are making things worse. Even among Democrat voters themselves. But 2022 could be the turning point our economy needs.
Vermont will receive $57.9 million in federal American Rescue Plan Act funding to provide more access to capital for Vermont entrepreneurs and small business startups. Vermont’s State Small Business Credit Initiative program will include access to low interest loans and early-stage venture capital investments.
A new poll released by the Job Creators Network Foundation finds that more than 2 out of 3 small businesses feel negatively about the economy and that nearly 3 out of 4 of them will have to “significantly” raise their prices to offset rising inflation.