The Schaftlein Report

Topics:

1) Spending Bill Faces Uncertainty in the Senate as we have been telling you

A. Universal Pre-K for 3 and 4 year olds B. $3,600 Child Credit up to age 6 then $3,000 C. SALT increase up to $80K to help wealthy Democrats D. Paid Leave for 4 weeks

2) Rittenhouse Trial Verdict Fallout - The left is disgusting - BLM outraged - The Media fans the flames of Disinformation and race relations by misrepresenting the facts of the case and their Narrative was destroyed

3) European lockdowns and vaccine mandates lead to widespread protests 4) Mass looting in Walnut Creek, CA just north of SF as 50-60 masked looters targeted a Nordstrom with crowbars as weapons - Thieves steal $120K in Louis Vuitton robbing in Chicago 5) 5 killed and 40 Injured in Wisconsin parade Massacre - 39 year old Black Man Darrell Brooks in custody - Leftists on Twitter come to his defense and insult those killed *Killer has an extensive Rap Sheet dating back to 1999 and was out of jail on $1,00 bail facing current charges 6) 31 Shot and 5 killed in Chicago, almost all young men - 725 killed this year including 45 in November - Many Blacks have left Chicago for safer places and better lifestyle *Black population in Chicago at lowest level since the 1950's at just under 800K 7) Jerome Powell reappointed by Biden - Needs 51 Senate votes for confirmation 8) 3 Senate Races for 2022 moved toward lean Republican - AZ, Nev and Georgia cook Political Report 9) New CBS Poll shows bad numbers for Biden as 67% Disapprove of his handling of Inflation - Overall, 44% approve while 56% do not 10) West Texas Migrant surge threatens to overwhelm Texas State Troopers - Migrants and Smugglers flee Troopers 11) Covid is spiking in many Northern States 12) Liberal Outrage over Supreme Court Non-ruling in Texas Abortion case

Topics: 1) Democratic Senators Whitehouse, Hirono and Blumenthal call out the Biden Supreme Court Commission *Why - they are not giving them what they want - The only ideas that they embrace is Term limits *This does not fit the RADICAL Agenda for Court Packing favored by Democrats 2) Biden asks the FTC to examine if Oil and Gas companies are inflating gas prices - He is looking for a scapegoat while a Federal judge just granted an injunction on Biden's Executive Order banning oil and gas drilling on federal lands 3) House awaits the CBO score on their $1.75T spending package that includes massive tax breaks for wealthy Americans in SALT repeal 4) Florida is a step closer to crippling vaccine mandates setting up a clash with the Biden Administration order 5) VP Harris makes a fool of herself claiming the border crisis is Trump's fault in a blatant propaganda statement fiasco 6) She compounds her stupidity claiming passing a giant spending bill will bring down inflation - She is utterly clueless 7) Biden handlers cancel press conference with leaders of Canada and Mexico - Keep him isolated as it appears he is incapable of handling the questions 8) Rittenhouse case day 3 with the jury 9) Colorado Representative Boebert lambastes Ilhan Omar

Topics: 1) What is wrong with the European Union and what are the root causes? *Slow economic growth, high taxes, open borders, restrictions on free speech, socialism, anti-Semitism and climate change doctrine - Sound familiar? 2) Why are Democratic politicians trying to make America look like Europe? *Healthcare, Welfare State, Immigration and Assimilation and a Bloated Bureaucracy 3) CBO debunks the idea that Biden's $1.75T Fake Infrastructure Bill would cost nothing - We knew that 4) Secretary Mayorkas claims Amnesty for 11M Illegals is more important than border security in Senatorial Hearing *"Crime, disease and poverty are rampant - This is intentional"- Senator Ted Cruz 5) Rising Energy Prices and Inflation causing havoc - Biden Administration self-induced problem *Meat up 20%, Pork up 14%, Chicken up 7.5% in past year *Shelter costs are up 9-16% much higher than the 3.4% increase estimated by the Bureau of Labor and Statistics (lagging numbers)

Topics: 1) Outrageous comments from Rep Corey Bush a squad member claiming a not guilty verdict will be a license for White supremacist to shoot BLM protesters 2) Biden and Xi hold a non productive Virtual conference where the most notable story was Xi referring to Biden as "Old Friend' 3) Biden signs Bi-Partisan $1.2T Infrastructure Bill 4) Support for Biden's Build Back Better $1.75T Fake Social Spending bill falls to 39% in Swing States as Inflation soars 5) Average Hourly Earnings FELL by 1.2% last month after factoring in rising Inflation 6) 13K Venezuelans, 9K Nicaraguans and 8K Brazilians arrested at the Border - Secretary Mayorkis grilled by Senate for misrepresenting migrant no shows for hearing - 78K last month 7) House Democrats try to Include changes to SALT (State and Local Tax) Deductions that benefit the top 10% of earners 8) Texas Democrat Ryan Guillen joins Republican Ranks - Says Republicans represent South Texas Values 9) Long serving House Democratic member Jackie Speier declines to run for re-election - A harbinger of many more to come 10) Bub Kuns provides Updates of the Progress being made at Reasons for Hope and the good Work they are Spearheading

Topics: 1) Biden approval at 36% while 52% Disapprove in Susquehanna Poll - Democratic support falls to 70% - Independents 29% *ABC News Poll: Biden approval at 41%, Disapproval at 53% - Generic Ballot Republican lead 51-41% Highest Ever - 64% do NOT want Biden to run again 2) Jonathan Karl book "Betrayal, The Final Act of the Trump Show" - Stories from Jared Kushner (son-in law to Trump) and former Defense Secretary Mike Esper on use of military 2) Biden approval on the Economy at 34% - Biden blamed for Inflation and high gas prices - Consumer sentiment at 66% a 10 year low 2B) 8.7M have quit their jobs in the last two months and we have 10.4M job openings 3) Biden approval on handling Border Crisis at 23% - Fentanyl, opioid and other drugs pouring across - 25% of people arrested at the border are repeat offenders 4) Taliban hold Military Parade with U.S. Weapons - The Ultimate Biden Debacle 5) White House goes into damage control after CNN Report on Dysfunction int he office of VP Harris 6) Senator Patrick Leahy (D) Vermont announces he won't seek re-election at the age of 81 after 8 terms 7) House pushes ahead with $1.75T Spending Bill with Joe Manchin waiting in the Senate to dramatically change the bill 8) Weapons charge against Rittenhouse dropped - Dershowitz - "Media and CNN are like vigilantes" 9) Political persecution - Steve Bannon surrenders to face Contempt of Congress Charges

1) Senator Manchin signals he is in no hurry to support the Fake Infrastructure Build Back Better Bill - Says in 2022, it can be considered 2) Bad Policies and False Promises are leading Biden to approval range of 38-42% 3) Former Treasury Secretary Larry Summers suggests the administration needs to allow Energy Production to increase *The U.S. is currently producing 2.0M barrels of oil a day less than when Trump was President 4) John Kerry LIES - No more coal by 2030 when we have a 100 year supply. Carbon Free by 2035 is a whopper 5) CPI of 6.2% and PPI of 8.6% suggest Inflation is NOT transitory 6) Washington Post - Democrats are LYING about CRT not being taught in our schools

1) Consumer Price Index rises 6.2% - Energy ,Food, Shelter, Cars and Truck prices soar - Treasury Secretary Yellen denies the problem 2) Biden Administration will sacrifice carbon based fuels to "save the planet" and let consumers suffer 3) 11 Democratic Senators sign letter to Biden demanding action to bring down energy prices 4) Biden's collapsing poll numbers: African American support drops from 72% to 52% - Why? - Vaccine Mandates and Job loss 5) Lt. Governor Elect Winsome Sears, who by the way is Black, is called a White Supremacist by the left - Leftists can't stand successful Black Republicans - It violates their narrative 6) Pelosi seen without mask at Billionaire wedding while CA school kids suffer under mask mandates - More liberal hypocrisy - Her approval rating is 35 points under water 7) Outrage grows over Biden Justice Department's plan to pay illegals who broke the law

1) Inflation as measured by the Consumer Price Index is up 5.4% - Jerry discusses if will be lasting or Transitory as Fed officials lead us to believe 2) The Fed announced a reduction in bond buying of $15B per month starting this month and concluding around May 2022 *They have been buying $120B of bonds and mortgages a month - Why not taper further and just stop while the economy appears to be running hot? *60% of Investors say the Fed should stop buying bonds 3) Interest rates remain low (10 year at 1.5%) despite having added 500K jobs last month - The initial projected rate hike is in July 2022 Why are rates so low if the economy is Really growing strong - or is this just an increased demand coming our of the pandemic? 4) The unemployment rate is around 4.75% - We still have 8.0M+ job openings - The labor force participation rate is stubbornly around 61% 5) Will the average price of gas go above $4 per gallon? Pipeline closure effects? Biden Administration fails to lift regulatory rules on oil and gas, fails to lift drilling moratoriums, high gas taxes --> An anti fossil fuel agenda 6) How do we get out of the supply chain disruption issue? 7) The stock market is at record highs - Real estate prices are through the roof

1) This is a Big win for Sen(s). Joe Manchin and Kyrsten Sinema - Also, the $1.75T spending bill on expanding social safety net and climate faces major hurdles *SALT CAPS pushed to help wealthy 2) Voters cared about the following issues: Economy, Education, Jobs, Inflation, the Pandemic, Labor issues and Police Security 3) Voters did not care about identity politics, Defund the police, Donald Trump and climate change - Everything Democrats stand for. Only 34% of Americans support Build Back Better and Climate provisions 4) Democrats are NOT connecting with average American voters - People do not want Build Back Better bill - Voters recognize it as a social welfare state expansion 5) High turnout did NOT hurt Republicans. Democrats are now seen as Tax and Spend Socialists with Sanders, AOC and the Squad, Biden and Pelosi as the faces of the party 6) China, India, and U.S. say NO to abandoning coal - GOOD! 7) Biden Approval at 38% a new low - Harris is worse at 28% *64% do NOT want to see Biden run again (28% of Democrats) *58% do NOT want to see Trump run again (24% of Republicans) 8) Administration warns of $4 gas prices average in America - It's already $5 in CA - Consumer confidence for next 6 months hits new low of 38% 9) Republicans lead in the Generic ballot 43.3 to 42.8 for first time since 2014 foretelling a potential bloodbath for Democrats in 2022 10) 50 shot in Chicago over the weekend - 9 killed 11) Vaccine Mandates may cause loss of 50% of border patrol agents while 200K per month try to cross - Opioid floods into U.S 12) Biden reverses course and says families separated deserve compensation

1) Election Fallout reverberates across the Democratic Party 2) Democrats continue to LIE to their base 3) Where is the media on the first Black Lt. Governor and Hispanic Attorney General - Nowhere 4) Pelosi reinstates Paid Leave - Manchin says NO - Sorry Nancy! 5) GOP Truck Driver unseats NJ Senate President 6) President Brandon doubles down on Mandates 7) Durham's investigation