Pain is a coming!

"Until we take back control of our country, the Fed will make us feel the pain. Why us? This is not our fault! Yes it is. The 80 million who voted for Slo Joe, are culpable."

The Fed has promised us pain, and it is a coming! How much pain? Word on the street it will be a .75% interest hike, just like last time. Me? What do I think? With inflation burning hotter than a June campfire, I would like to see it raised one full point. Why? Nothing is being done by the administration to curb the red hot inflation they created. And letting our strategic oil reserves out into the market place, was a terrible idea. That did help to dampen down the sky high gas prices, but it cashed in one of our best insurance policies by doing so.

Some think that Powell is going to go into "Paul Volker mode". Like, so long as inflation stays where it is, have monthly interest rate hikes. Do that until inflation starts to subside. But does Powell not know that might put us into a deeper recession? Sure he knows it. But that will be the lesser of the two evils.

Please - no hate mail from the left when I say this. The economy might be so screwed up right now, that not even Donald Trump could get it back to what it was, pre-Biden. That being said, there are certainly some things which could be enacted which would help mollify and assuage the coming pain. Like what? Like this:

• Drill Baby, Drill - Open up everything immediately for drilling. Re-start the Keystone Pipeline. Immediately grant permitting for the newer and smaller nuke plants. Keep Sherco open in central Minnesota. You get the picture. Make America the energy capital of the world, once again.
• MAGA - For you MAGA haters, remember this. Before Biden turned MAGA into a four letter word, MAGA stood for something really good. Making America great again. Building more things in America. Cutting our corporate taxes, which would attract more businesses back to America. 
• Spend more on DEFENSE - Guess what? China and Russia are not our friends. They are not business partners (sorry Hunter), they are adversaries. And after seeing what Russia has done to Ukraine, should be a stark reminder to us all. Any country who names its ICBM missiles  II, is not on the side of the angels. China already has more ships than our Navy, and Russia wants to nationalize the resources in the Artic. Next up - the Moon.
• CLOSE THE DAM SOUTHERN BORDER! - In all the decades I have lived in this country, what is happening with the southern border is the nuttiest. Millions of illegals, tons of drugs, crime, gangs, trafficking, and so forth. This is as bad as bad gets. It is ruining the country (what is left of it).
• STOP THE SPENDING! (except for Defense) - We don't need to forgive student loans. We don't need the mis-named Inflation Reduction Act. Get rid of it. Monies not spent on Covid should be returned to the Treasury (and then the taxpayers). Any money for green energy should be stopped and returned to taxpayers. Private industry would take care of anything green, just like it is taking over space exploration.

Until we take back control of our country, the Fed will make us feel the pain. Why us? This is not our fault! Yes it is. The 80 million who voted for Slo Joe, are culpable. Biden broke the country, and now Powell is going to make us all pay for it.