Author: Matthew Taylor

President Biden recently announced a plan to suspend the federal excise tax on gasoline – however, not every Democrat is on board. https://twitter.com/POTUS/status/1539752007677919233?s=20&t=tEUIoXOWy8_rcpz7-ERYuA This week, President Biden held a press conference aimed at drumming up support for his plan to suspend the federal excise gas tax. As expected, a majority of Biden’s speech was dedicated to shifting blame away from his own policy failures, and once again blaming the Russia-Ukraine conflict for the increased price at the pumps. Media personality John Stossel released a video on his Twitter feed that highlighted exactly how far removed from reality the President’s recent…

After months of climbing gas prices, Americans may possibly see a federal gas tax holiday on the horizon. However, simply putting a Band-Aid on a dire situation is not a solution. With all major stock markets entering bear territory and inflation raging out of control, all eyes have been on the White House to see if there will finally be some action that will tame inflation and release the burden on American families. Early on Monday morning, rumors began to circulate that President Biden – who has so far shifted blame for out-of-control gas prices – is considering introducing a…

With little end to the economic downturn in sight, stock markets opened today at a 15-month low as the SP500 officially enters bear territory. Economic conditions across America are reaching dangerous levels as interest rates continue to rise, the average cost of a gallon of gas has crested $5 and the cost of food is rising at its fastest pace since 1979. To add insult to injury after weeks of sustained losses, there is little end in sight for investors who are feeling the impacts of the current economic downturn. All indices opened negative on Monday morning, after a rocky…

As summer begins and there appears to be no end in sight to rising costs, President Biden finally believes it might be time to focus on inflation. But his approach is slow, narrow and ineffective. All eyes have been on the White House for months, hoping that the president would issue some kind of indication as to what he plans to do to bring prices under control and bring vital assistance to American consumers. This week, President Biden penned an op-ed in The Wall Street Journal outlining his plan to tackle inflation and bring down consumer burdens and costs, but…

As crisis after crisis hits Biden and the White House, it’s time he owned up and took some responsibility for his policy failures. When President Biden took office, he inherited a fairly strong economy. Domestic production was plentiful, we were energy independent for the first time in recent history and the average cost of a gallon of gas came to $2.39. Fast forward to today, andwe are faced with record-breaking inflation, shortages of vital supplies and an average cost of $4.59 for a gallon of gas. Many Americans are struggling to make ends meet and as summer nears and an…

Virginia Governor Glenn Youngkin (R) is celebrating a big win for his state and a fulfillment of a campaign promise to bring business back to Virginia, after Boeing announced they’re moving their headquarters to Arlington, Virginia. Twenty-one years after the aerospace giant moved its headquarters from Seattle to Chicago, they’re on the move again, this time setting up in Northern Virginia, a move that will take them closer to the doorstep of lawmakers and global customers. The announcement was made on May 5th with Boeing President and Chief Executive Officer Dave Calhoun saying in a statement “We are excited to…

As job openings in the U.S. rise and inflation levels climb to record levels, the Federal Reserve is hiking rates again. On Wednesday, the Federal Reserve announced an interest rate hike of a half-percentage point, the second of its kind since 2018. Many investors have had their eyes on just how high the Fed is prepared to go, and now they will be watching for future hikes even closer. Shortly before the U.S. central bank made its decision to increase rates, it announced a new program to dwindle its balance sheet by approximately $95 billion per month, starting in June. …

The stock market closed sharply lower Friday following an unsettling week of trading.  With more uncertainty on the horizon, it’s hard to predict just how low the indexes could fall, and some economists say a recession is closer than we may think.  Friday saw one of the worst trading days in recent history as the Dow Jones Industrial  (DJI) tumbled almost 1,000 points, while the S&P 500 (S&P) fell 155 points and the NASDAQ fell 536 points. A retreat this size makes the previous months trading the worst performance for the NASDAQ since 2008 and the S&P 500’s worst start…

The economy is giving off real warning signs of a possible recession, and as consumer costs rise to record levels, the White House faces a housing crisis that looks eerily similar to that seen just prior to the 2008 crash. While President Biden and the White House scramble to stay above water amid a growing list of crises, from skyrocketing prices at the pump to record-breaking numbers of illegal migrant crossings at the southern border, one crisis that seems to be largely ignored is the housing crisis. The median price of a new home in the U.S is now 6.5…

Rising prices for both consumers and producers are dragging the economy closer and closer into recession territory. Elon Musk thinks that the effects of inflation are far worse than the Bureau of Labor Statistics’ numbers would have you believe. The stock market and economy have started the second quarter of the fiscal year in rocky shape following the disastrous inflation numbers of the first quarter. Since Joe Biden took office, prices have been steeply rising for both businesses and individual consumers, with little to no respite on the horizon. One man who isn’t shy of the public limelight is Elon…