Biden's Failing Presidency/Chicago Killings Guest - Joe Visconti - Political Commentator 1) 71% of Americans do not want Biden to run for re-election. 45% feel he is a bad President, 36% too old and 60% doubt his mental abilities 1A) Democratic Pollster John Zogby rates Biden's performance as President a D. Says "He is in real trouble" 2) 6 dead and 19 hospitalized in Chicago Parade shooting. 21 year old suspect in custody. PRIOR tot he parade, 54 shot and 7 killed during holiday weekend. This city is out of control;
2A) Leftist radicals renounce Independence Day 3) Year to date, we have the worst stock market in 52 years. 3A) Atlanta Federal Reserve gage see Q-2 GDP falling negative 2.1%. This follows Q-1 negative 1.6%. Recession can be defined as 2 consecutive quarters of negative growth. Dollar strengthens as the Euro currency approaches parity with the U.S. dollar. $1.20 to $1.02. 4) Oil Price Blame - Biden 51%, Big Oil 26% and Putin 15% Energy producers roast Biden over staffer who tweeted under his name requesting gas station owners lower prices. Biden needs a lesson in Economics 101. This is beyond juvenile. Meanwhile his administration is doing everything possible to hamper the industry. Like blocking an upgrade to a refiner in U.S. Virgin Island while our refiners are running at 94-98% capacity. 4A) On 7-1-22, California INCREASED Gas Taxes by 3 cents as the increase is by law automatically tied to inflation. The gas tax in CA is now 54 cents a gallon. Supper majority of Democrats in the state legislature are responsible for this. However voters are also to blame as they approved not rolling it back in a referendum. 4B) CA Gov. Newsome proposes a $1,050 rebate to Californians. This "free money" will help the needy and also will add pressure to inflation. We'll explain the social cost and benefit. 5) Federal Reserve to raise rates in July by another 75 basis points to try and curb inflation caused by spending $6T during the pandemic years 2020 and 2021, artificially low interest rates for way too long, Even in 2022, the deficit will be 1.3T. Our Government spends too much money. 6) Russia claims full control of Luhansk region in battle for Donbas and bombing of civilian targets continues. 6A) Capping prices on Russian oil could cause prices to explode to $380 if Russia retaliates by reducing supply. 7) Sunday show had the media personalities looking for ways around the Roe decision. HHS Secretary Bacerra said the only true way is for Congress to pass a law. Liberal Progressives want more and they are angry at Biden. 8) NYC bomb throwing BLM radicals who plead guilty of attacking police were not charged with enhanced terrorism as prosecutors were overruled by the Justice Department. They will likely serve 2 years which is less of a sentence than many January 6 participants. Double Standard here.