E.J. Antoni

Government is growing at an exponential rate. We're going to spend about $1.4 trillion to finance the debt in the year ahead. I mean, that's the only metric I can see that shows the economy really growing at a brisk pace.

Sure, there have been some native-born Americans, for example, that have found work over the last several years. But on net, meaning if you consider the number of Americans who have also lost jobs, that exceeds the gains. So the number there is negative. That means that all of the net job creation we have seen over the last five years is has gone to foreign-born workers.

Sure, there have been some native-born Americans, for example, that have found work over the last several years. But on net, meaning if you consider the number of Americans who have also lost jobs, that exceeds the gains. So the number there is negative. That means that all of the net job creation we have seen over the last five years is has gone to foreign-born workers.

So what's really sad is that the Biden administration has effectively turned the American labor market into a kind of temp agency for foreigners and for government bureaucrats, because we've seen a disproportionate amount of job growth in the government sector. We've seen the economy actually lose full-time jobs, not gain them. So we're gaining only part-time jobs.

So what's really sad is that the Biden administration has effectively turned the American labor market into a kind of temp agency for foreigners and for government bureaucrats, because we've seen a disproportionate amount of job growth in the government sector. We've seen the economy actually lose full-time jobs, not gain them. So we're gaining only part-time jobs.

And again, if you look at the demographics, the only people who are gaining jobs on net are foreign-born workers.

And again, if you look at the demographics, the only people who are gaining jobs on net are foreign-born workers.

The latest on inflation, unfortunately, is that it is re-accelerating. And some of that has to do with the fact that the Biden administration continues to spend money we don't have. The Federal Reserve, in an act that I think is election interference, they took their foot off the brake and stomped back on the gas by cutting interest rates right before the election.

The latest on inflation, unfortunately, is that it is re-accelerating. And some of that has to do with the fact that the Biden administration continues to spend money we don't have. The Federal Reserve, in an act that I think is election interference, they took their foot off the brake and stomped back on the gas by cutting interest rates right before the election.

These are all things that are going to contribute to higher prices. And we're only feeling some of the effect right now. Most of that inflationary impulse, though, is really going to play itself out in 2025. And frankly, I think they're handing Trump a bit of a ticking time bomb. when it comes to inflation.

These are all things that are going to contribute to higher prices. And we're only feeling some of the effect right now. Most of that inflationary impulse, though, is really going to play itself out in 2025. And frankly, I think they're handing Trump a bit of a ticking time bomb. when it comes to inflation.

And, you know, we have this notion that's fueled by the media and by Federal Reserve officials that we've been trending towards this target inflation rate of 2% per year. But that's simply not true. We haven't been trending there. We've been trending to about 3%. And we actually arrived there quite some time ago, and we have been stuck there at about 3%.

And, you know, we have this notion that's fueled by the media and by Federal Reserve officials that we've been trending towards this target inflation rate of 2% per year. But that's simply not true. We haven't been trending there. We've been trending to about 3%. And we actually arrived there quite some time ago, and we have been stuck there at about 3%.

And there's no sign that we're going any lower anytime soon.

And there's no sign that we're going any lower anytime soon.

Well, unfortunately, when the government does a bad action, we don't feel all of the bad effects right away. It's very similar to if you drink too much, you know, you get that buzz first, but then the hangover only comes the next morning. And we see the exact same thing with a lot of government overspending.

Well, unfortunately, when the government does a bad action, we don't feel all of the bad effects right away. It's very similar to if you drink too much, you know, you get that buzz first, but then the hangover only comes the next morning. And we see the exact same thing with a lot of government overspending.

Initially, we didn't get to 9% inflation right away at the start of the Biden administration. We got there about a year and a half into his term. And the reason for that was that it takes time for all this government spending to slosh its way through the financial system. But eventually it does work its way through and it ends up creating higher prices for consumers.

Initially, we didn't get to 9% inflation right away at the start of the Biden administration. We got there about a year and a half into his term. And the reason for that was that it takes time for all this government spending to slosh its way through the financial system. But eventually it does work its way through and it ends up creating higher prices for consumers.

That's what we're seeing play out yet again as the Biden administration not only continues the runaway spending, but now, again, we have this what I would think is election interference on the part of the Fed.