The Schaftlein Report

Topics: 1) 13 straight days of increase prices at the pump - YIKES *Jet Fuel prices spike **Biden considering trip to Saudi Arabia - Why not support American oil and gas companies? 2) Morning Consult Poll shows Biden at New All Time Low at 39%, Disapproval at 58% a. In the same poll one month ago, the President was at 42% b. Biden's base of youth, women, minorities and unions are slowly abandoning him c. Only 27% believe the country is going in the right direction - Who are these people? 3) Progressives and their policies were crushed in Tuesdays elections *Rick Caruso lead over Karen Bass is 42-37 in LA mayors race - Both go on to the fall 4) Biden promotes false narrative on Kimmel interview that "democracy is in danger" *The only REAL danger is his and Democrat Party policies 5) Law clerks are lawyering up in Supreme Court leak case 6) Radical Democrats block bill to provide security for Supreme Court Justices after it passed the Senate unanimously *Protestors target Kavanaugh home **Man arrested for plotting to kill Kavanaugh charged with Attempted Murder - Schumer rhetoric blamed for which he later apologized 7) Democrats pass a gun control bill that has no chance of passing the Senate - Why not work with the Senate? *Answer - They would rather debate the issue than solve the problem 8) Ukraine war with Russia rages in Donbas while many more bodies are found in Mariupol 9) Jan 6th committee is all about preventing Trump from running in 2024 - Why? - FEAR 10) Biden in LA for Summit of Americas - Numerous leaders did not attend *Focus is on Economic development, climate change and immigration 11) 85% of Republicans and 65% of Democrats are NOT Happy with crime going up and they blame democratic policies *72% of ALL Americans want more done - Highest level this century!

Topics: 1) SF District Attorney Boudin removed in recall with 60% voting for the recall a. Rising property crime b. Homelessness c. Drug abuse and lack of mental health 2) Karen Bass and Rick Caruso will square off in the fall for LA Mayor job *Bass spent $3.5M and Caruso $13.5M **Caruso won but did not achieve 50% 3) Gov. Newsom and Senator Padilla easily won 4) Republican House races across the country saw incumbents hold strong 5) Gov. Christi Noem easily won race in South Dakota - Sen. Grassley coasted in Iowa 6) Supreme Court has 30 cases pending to decide including abortion, gun rights, ease funding for religious schools and climate change rules 7) Nationally, the price of gas hits $4.97 rising for 10 straight days - We have a refinery shortage in this country - None built in the last 20 years *Diesel is a huge problem 8) Smear efforts of the January 6 commission begins next week with televised hearings to the delight of the left-wing media a. Prediction - It will not sway voters as that issue barely registers with American voters b. It is a Hail Mary pass to deflect the disastrous poll numbers out of the White House

Topics: 1) Crime is the prevailing issue in CA and a possible recall of liberal District Attorney in SF *Republicans are +8 in Generic Ballot, Biden at 41% in Rasmussen poll upside down by 16 points 2 ) Africa warns of food crisis - EU voices concern over mass migration to Europe 3) Gun Control - Sen. John Cornyn seeks more time to work deal with Democrats *NY Republican Chris Jacobs quits after blasting gun laws - He will be easily replaced 4) Gas hits $4.92 and food costs continue their climb 5) Pride propaganda enough is enough - Tampa baseball says "NO" to "pride" patches 6) Border risk escalates 7) Attack and counter attack in Ukraine

Topics: 1) 83% say the economy is very or extremely important for their votes *80% say inflation is important **74% say gas prices are important 2) Biden approval by category: a. Economy - 37% b. Inflation - 28% c. Gas - 27% d. Crime - 38% e. Immigration - 37% f. Guns - 37% g, Abortion - 41% h. War - 46% i. Covid - 56% 3) Treasury Secretary concedes the $1.9T spending bill was too much - $600B too high - Also admitting she was wrong on inflation 4) McCormick concedes PA Republican primary to Oz 5) Trump strongly endorses McCarthy 6) Russia hits Kiev with missile attack - Putin warns against U.S. delivering long range rockets 7) 82M vaccines are waster due to short duration usefulness 8) 50 Christians murdered in Nigerian church by radical Islamists 9) In the U.S., 13 killed and 24 wounded over the weekend in shootings at bars and a graduation 10) In Canada Trudeau announces a freeze on gun imports and sales - In a predictable result, gun sales at many stores sold out 11) Another caravan of 10-15K are headed to the U.S. from Guatemala 12) Mainstream media now recognize the dysfunction in the Biden White House *The Press Secretary Karine Jean-Pierre is a disaster, can't answer basis questions and just reads off talking pints **Biden to have first sit down interview in 118 and it is a clown show with a comedian doing the interview Jimmy Kimmel

Topics: 1) Biden admits food and gas prices are not going down anytime soon - Crude trade around $118 2) In a ridiculous move panned by even the Washington Post, Biden cancels $5.8B in Student Debt for 560K loans related to Corinthian College which collapsed in 2015 3) In a first look at May payrolls, ADP says the economy added just 128K jobs, lowest in 2 years 4) Gun violence continues as 4 killed in Tulsa Medical Center shooting *Biden to deliver prime time address to the nation this evening 5) In Seattle, the Defund capital of America, police no longer respond to sexual assault threats due to budget cuts *Crime is soaring 6) In the war, Russia pushes forward in Donbas as Ukraine looks to take back lost ground 7) EU decision to wean itself off Russian oil will be a slow process - They were buying $10B per month *India is now the 2nd largest buyer of Russian oil 8) German leader claims Russian economy is collapsing 9) Avenatti gets 4 years in prison for stealing from client Stormy Daniels

Topics: 1) Biden changes course and agrees to send mid-range rocket systems to Ukraine after promise by Zelenskyy not to target Russian territory a. Ukraine has pleaded for these weapons - Every day of delay by Biden causes more territory and lives to be lost b. Germany finally relented and also agreed to send more sophisticated weapons c. Meanwhile Russia is leveling cities in Donbas region in a repeat of Mariupol d. Putin fires 5 Generals 2) In a meeting with Federal Reserve chairman Powell and Treasury Secretary Yellin, Biden blames Covid, Tax Cuts, Putin, Meat packers, the poultry industry, credit card companies along with oil and gas companies for Inflation *What about his disastrous policies and Federal reserve miscalculation? At lest Yellin admitted she was wrong - She also said "Inflation is way too high and is hurting Americans" **Gas prices hit $4.67 highest ever 3) Biden's plan is as follows: a. Cool the labor market - Unemployment is at 3.6% and wage inflation is running 6% b. Biden tries to take credit for deficit cuts because the U.S. did not spend another $1.9T in 2022 that was spent in 2021 c. Build Affordable housing - This will have no effect on inflation d. Russia and China problems related to war, oil and supply chain issues e. Recession Fears 4) OPEC+ considers suspending Russia *China suspends some Russian flights because they stole leased planes from European customers 5) Quantitative Tightening Begins $17B for next 3 months then $30B - The Fed balance sheet is at $9T *Jamie Dimon warns of Economic hurricane coming 6) Clinton lawyer Sussman acquitted on charge of lying to FBI 7) Biden administration asks Court to Reinstate Mask Mandates on planes - Don't do this Joe - You'll only make fliers mad 8) Illinois school district will abolish standards for people of color with no penalties for missing assignments and misbehavior - WHAT? 9) While the focus of the country was on the 21 killed in Texas, 50 people were shot in Chicago and 9 killed over the weekend while 250 fire arms were confiscated *In the same period last year, 34 were shot and 3 killed

Topics: 1) 2021 Gas was $3.00 - Today it is $4.62 - Oil is trading above $120 today 2) Yellen said Inflation would be 3% this year and both Biden and Powell said it would be "Transitory" 3) Commodity price remain elevated 4) UK turns to coal after Russian gas cut off a. EU bans most Russian Oil and Gas imports attempting to cut 90% within 6 months b. EU gets 25% of its oil and 40% of its gas from Russia 5) Americans savings rate is at the lowest level since 2008 6) Robot orders are up 40% as wages escalate at an alarming rate 7) Housing prices rose 20% year over year - Are we peaking and is slowdown coming? 8) Recession? 9) Biden approval 34-39%

Topics: 1) Shooting fallout: a. Red Flag Legislation b. By 54-35% Americans support arming teachers and school staff c. Robert Francis O'rourke is an ass**** - The "Beto" political stunt will backfire 2) Election fallout - Mainstream Republicans who challenged Trump's endorsements and took the other side feel pretty good - The fear is gone 3) Oz leads McCormick by 902 votes *Cuellar leads Cisneros by 177 votes in key Texas race - A potential loss for radical progressives 4) Democrats are beginning to question the Federal Reserve as inflation is sticky 5) Grain out of Ukraine? 6) England blinks implementing a windfall profit tax on BP and Shell - A policy error we just discussed yesterday not to do 7) The economy tops all issues and concerns for Americans as the Biden administration flails 8) Did the stock market bottom? 9) What happened to Mike Rowe?

Topics: 1) 20 young children killed in school shooting in Uvalde, Texas - Killer Salvatore Ramos wearing body armor is dead - Feds looking for answers *His grandmother killed earlier - Border Patrol Agent killed the shooter **70% of school shooters are under the age of 18 2) Biden delivers terrible and divisive speech from White House - Democrats politicize the murders - Demand gun control while killer likely had serious mental issues *NYT blames NRA and left wing idiots blame Republicans, Manchin and Sinema for no filibuster reform to allow federal gun control a. NYC subway killer turns himself in - He had a rap sheet a mile long - "Why was he on the streets" - Eric Adams NYC Mayor b. ISIS plot to kill former President George Bush thwarted - Shihab Ahmed Shihab an Iraqi living in Columbus, OH wanted to have assailants come across the southern border 3) Gov. Brain Kemp and Hershel Walker win Republican primaries in Georgia - Record turnout as another Democrat lie implodes - There was no voter suppression as we have said for a long time - This complete quashes the Voter suppression narrative - Voting Rights a big lie *Brad Raffensperger wins Secretary of State defeating Trump back Jodi Hice 4) Majority of American believe Biden is "Incompetent" Democrats blame the Voters for being stupid *Meanwhile, Biden approval in Reuters poll falls to 36% 5) Biden "celebrated" high gas prices saying the cost to consumers was part of an "Incredible Transition" away from fossil fuels 6) The Consumer is in TROUBLE 7) How do we slow Inflation? a. Slow or reduce government spending b. Deregulation to increase supply of goods c. Slow the money supply or reduce it d. Avoid wage and price controls, rationing and windfall profits 8) Senator Roger Marshal (R.) Kansas visited the border and called it a "War Zone" 9) Liberals threaten to set fire to the Supreme Court over anticipated Roe v Wade case 10) War update - Cities in the Donbas region are starting to resemble Mariupol - Russians are advancing in all directions in that region *Cities are being destroyed and reduced to rubble by relentless bombing - 200 bodies are found in a bombed out apartment basement in Mariupol

Topics: 1) Russia appears to signal it is willing to negotiate an end to the war while Ukraine say no until territories are restored - Dean provides a historical perspective a. Henry Kissinger says Ukraine must cede some territory to Russia over the next two months to start peace talks to end the war b. Russia is using food as a weapon by seizing grain and bombing grain storage facilities 2) Plans are in the works for Biden to announce Student Loan Forgiveness up to $10,000 - This is sure to get a court challenge *This is a highly controversial gambit likely to backfire 3) Diesel fuel average cost is now $5.61 up 75% from a year ago adding to inflation anxiety *Under Trump, the U.S. was producing 13M barrels a day - Under Biden, that has dropped to 11.5M **The Biden energy policies are proving to be a disaster for the country 4) Inflation is costing the average American an extra $327 per month - Adjustable rate mortgages are going up adding an average of $400 additional monthly payment - Housing inventory of unsold new homes rose significantly in April *Layoffs are on the rise in technology companies as capital to cover losses dries up 5) Biden walks back his China policy statement 6) Why has the national media completely ignored the Hillary Clinton fake Russia leak?