“Our progress creating jobs while lowering costs for families is no accident, and I will continue to fight for lower costs for families every day. I ran for office to grow the economy from the middle out and bottom up, not the top down: that’s exactly what we’re doing.” So said Joe Biden per the White House “Briefing Room” remarks dated 7.12.2023. Ex-CNN award-winning reporter turned satirical pundit Chris Plante like to say, “It’s good to be a Democrat.” Plante asserts that much of mainstream media, certainly left-leaning media, tend to favor Democrats. Plante, who has won an award for his syndicated 9 to 12 Eastern M-F Chris Plante Show on WMAL out of Washington, D.C., said the left has established “information dominance” in the U.S. Perhaps not coincidentally, Judge Terry Doughty issued a temporary stay sought by two Republican Attorneys General against the Biden Administration for allegedly operating the ‘Most Massive Attack on Free Speech in U.S. History.’ With that backdrop, citing the Wall Street Journal and federal data, syndicated columnist Star Parker weighed in on “Bidenomics.”
- Part I From the WND News Center to MHProNews are the following facts Star Parker cited from the Wall Street Journal, which in turn used federal data reported by the Biden Administration Department of Labor.
- Part II – Additional Information with More MHProNews Analysis and Commentary
- Part III – The Daily Business News on MHProNews macro-markets and manufactured housing linked equities and Real Estate Investment Trusts (REITs).
Part I
BIDENOMICS
The economic decline of our nation is crystal-clear
Star Parker hopes GOP candidates will promise to work toward a return of 3.5% annual growth
By Star Parker
Published July 11, 2023 at 7:06pm
Using statistics from the Department of Labor, The Wall Street Journal reports that real hourly wages during the Biden presidency have declined.
When Biden took office in January 2021, the average hourly wage adjusted for inflation was $11.39. Now, 29 months later, it stands at $11.03, a 3.16% decline.
Stephen Moore of the Committee to Unleash Prosperity reports that the latest jobs report from the Bureau of Labor Statistics says that in the month of June, the largest growth in employment in the U.S. economy came from government.
Government net increase in employment in June was 60,000 workers, almost 20,000 more than the second-highest increase, in the health-care sector.
The economic legacy of the Biden administration, which they call Bidenomics, is expansion of government at the expense of the private sector along with massive spending, which has produced the worst inflation in 40 years, resulting in erosion of the pay of American workers.
But what should really be worrying every American is that the Biden administration experience is not a departure from an otherwise healthy trend that can be quickly turned around with a Republican victory in 2024.
Biden is taking the nation down a dangerous path that began years ago and is in a long-term destructive trend that will take the boldest kind of leadership to turn around.
Economist John Cochrane of Stanford University’s Hoover Institution notes that “creeping stagnation is the central economic issue of our time.”
“Economic growth since 2000 has fallen by half compared with the last half of the 20th century,” continues Cochrane.
From 1950 to 2000, the U.S. economy grew on average 3.56% annually. Since 2000, the annual growth rate averages 1.96% per year.
What does this mean? “The average American’s income is already a quarter less than under the previous trend,” notes Cochrane.
The latest projections from the Congressional Budget Office takes this bleak picture and projects into territory that is even bleaker.
More government, more debt, less growth.
First, a little perspective. In 1950, federal government spending as a percent of GDP stood at 15.3%. In 2000 it stood at 17.7%.
CBO projects that in 2024 federal government spending will be 23.6% of GDP; by 2035 it will reach 24.9%, rising to 26% by 2040 and 28.3% by 2050.
Corresponding CBO projections for the federal debt held by the public as a percent of GDP: 2024, 100%; 2035, 120%; 2040, 134%; 2050, 181%.
And the projected real growth rates for the U.S economy: 2022-2033,1.8%; 2034-2043, 1.6%; 2044-2054, 1.5%.
U.S. Treasury Secretary Janet Yellen has returned from a trip to China out of concern for China’s aggressiveness on the world stage.
China does indeed pose a threat to us. But the first order of business in dealing with threats from abroad is making our own country as strong as possible. And this is where our failure is taking place.
Biden’s approval rating has actually increased over recent weeks. And polling shows a presidential contest with Biden running against the leading Republican candidates basically too close to call.
This should not be the case.
The decline of our nation is crystal-clear for any clear-thinking and honest observer.
We need Republicans who are ready to deliver a clear message to the American people about how we will shrink the massive growth of government that is destroying our national vitality.
Our entitlement programs – Social Security and Medicare – drive some two-thirds of our federal expenditures. These are systems that are dinosaurs, with Social Security going back to 1936 and Medicare to 1965.
Reform needs to take place, not in the form of cosmetic changes, but deep and real change in the way of personalization.
Republican primary voters must demand a clear and bold vision from candidates about how they plan to restore an America that will once again grow at 3.5% per year. ##
Part II – Additional Information with More MHProNews Analysis and Commentary
From sources across the left-right divide, are the following data points.
According to IWF.org, among the takeaways from the federal: “…July Inflation report:
- Housing inflation is rising rapidly. Inflation on shelter rose 7.8% from the previous year. Housing costs were the largest contributor to the inflation on all items, accounting for over 70% of the increase.”
Citing a Senate analysis, IWF said:
- Inflation has increased by 16.6%.
- Grocery (food at home) prices have increased by 20%.
- Dining out prices have increased by 18%.
- Energy prices have increased by 38%.
- Gasoline (all types) prices have increased by 52%.
- Electricity prices have increased by 26%.
- Rental prices have increased by 15.6%.
- Prices for used cars and trucks have increased by 35%.
- Apparel prices have increased by 10.8%.
Inflation from one year ago is cooling, but prices are still significantly higher than they were two years ago or since President Biden took office.”
Before sharing some data from FactCheck.org, note the following background insights about the FactCheck.org.
FactCheck.org is associated with the Annenberg Foundation. “With over $1.6 billion in assets, the Annenberg Foundation is among the 50 largest private foundation in the United States,” said Influence Watch. That source stated: “Like many large grantmaking foundations, the Annenberg Foundation is known to fund many left-of-center political groups and causes. 3” Influence Watch states the “foundation also founded the Annenberg Public Policy Center at the University of Pennsylvania, which publishes a large election survey as well as policy research and papers. The Public Policy Center is best known as the publisher of FactCheck.org, a well-known and sometimes-criticized fact-checking website. 13”
With that backdrop, per FactCheck.org are the following data points.
Contrast the economic, domestic, and foreign policy woes of the Biden era with those of the Trump era. Even CNN, hardly a pro-Trump media outlet, revealed that household income soared during the Trump years. Fox Business confirmed that at the time too.
Democrats may have a difficult time explaining inflation as being anything other than the result of their own policies. Why? Because then House Majority Whip James Clyburn (SC-D), said that his party knew they would be causing inflation. He naturally tried to justify that, which means that voters will have to figure out for themselves if they like the inflation that has kept potentially millions from buying a home or making other purchases and investments.
Despite Biden Administration promises of producing more housing, including more manufactured housing, the rise in interest rates resulted in a slowdown in housing.
Manufactured housing has plunged, even as conventional housing has begun to recover.
In the recent Manufactured Housing Association for Regulatory Reform (MHARR) meeting with HUD’s Julia Gordon, MHARR reviewed the causes and pressed for steps to solve the issues. But pro-Manufactured Housing Institute (MHI) trade media sources apparently ignored the report. Why? Was it too embarrassing for MHI? For their own credibility?
There are problems within manufactured housing. But there are also problems within our political, economic, media, and legal systems too. Each set of issues can shed light on the other. See the related reports to learn more.
Part III. Daily Business News on MHProNews Markets and Headline News Segment
Headlines from left-of-center CNN Business – from the evening of 7.13.2023
- ‘Nobody was there’
- What’s really behind the summer slump at Disney World and Universal Orlando
- Louis Fed President James Bullard is stepping down
- Actors are going on strike after talks with major studios and streaming services fail
- Ex-Celsius CEO is charged with fraud
- Chipotle tests ‘Autocado,’ a robot to speed up guacamole production
- How the actors strike will affect your favorite movies and TV shows
- Why Republican lawmakers are going after Target
- This year’s Amazon Prime Day was the biggest in company history
- SAG-AFTRA president Fran Drescher speaks during a press conference announcing a strike by The Screen Actors Guild-American Federation of Television and Radio Artists on Thursday, July, 13, 2023, in Los Angeles. This marks the first time since 1960 that actors and writers will picket film and television productions at the same time.
- ‘Moving around furniture on the Titanic’: Fran Drescher says union won’t accept incremental changes
- Mortgage rates jump higher, closing in on 7%
- Russian oil tops price cap set by Western countries for first time
- Texas’ TikTok ban hit with First Amendment lawsuit
- FTC is investigating ChatGPT-maker OpenAI for potential harm to consumers
- ‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy
- Key US inflation gauge cooled last month to the lowest level in nearly three years
- Twitter asks federal court to terminate 2022 FTC privacy settlement
- Bob Iger to Ron DeSantis: Disney is not sexualizing children
- France will pay you to repair your clothes
- Inflation fever is finally breaking. The Fed’s soft landing may be in sight
- Working from home could wipe $800 billion from office values globally
- JPMorgan Chase CEO Jamie Dimon isn’t a fan of ‘Bidenomics’
- Another earnings season begins, but investors are already looking beyond it
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Headlines from right-of-center Newsmax 7.13.2023
- Tuberville Won’t Relent on Blocking Military Nominees Over Woke Policies
- Tuberville has blocked hundreds of military promotions in protest of new Pentagon policies on reproductive healthcare, which include an allowance for service members who must travel out of state to get an abortion. His actions have held up several high-profile roles, including the chair of the Joint Chiefs of Staff and the commandant of the Marine Corps. And he’s waving off increasingly urgent calls to back down. [Full Story]
- Ex-AG Whitaker: Wray ‘Evasive and Not Helpful’
- Cruz Hits Wray Testimony: Most Politicized FBI, DOJ | video
- Carter: Americans Don’t Buy ‘Bidenomics’ | video
- Blaine Holt: Wray-Ukraine Social Media Work ‘Impeachable’ | video
- Kirby: Cluster Munitions a ‘Bridge’ to Help Ukraine | video
- Cruz: FBI ‘Stonewalling’ on Jan. 6 | video
- Bean: COVID Relief Fraud Is ‘Shocking’ | video
- Scott Fitzgerald: Wray ‘Incompetent’ or Following ‘Agenda’ | video
- McCaul: ‘Dangerous’ for Back Channel to Russia | video
- More Newsmax TV
- Newsfront
- Trump to Carson: Secret Service Knows WH Cocaine Truth
- Former President Donald Trump said he believes the Secret Service knows who’s responsible for cocaine being left at the White House…. [Full Story]
- Kansas Judge Upholds Order Barring Gender Change on IDs
- A Kansas state judge on Wednesday upheld her Monday order ruling the [Full Story]
- On Mall Shooter’s Phone: Hitler Pics, Killing Videos
- The cellphone of a 20-year-old man who fatally shot three people last [Full Story]
- Airline Blaming Delays on Climate Change Is ‘Absurd’ Excuse
- Much like many of his company’s planes in the runup to the Fourth of [Full Story] | Platinum Article
- Tuberville Won’t Back Down on Stalling Military Nominees
- Tommy Tuberville, R-Ala., says he’s not changing his decision to [Full Story]
- Putin Fires Top General Who Spoke Out About Military Problems
- A Russian general in charge of forces fighting in southern Ukraine [Full Story]
- Related
- Two Hospitalized, Buildings Damaged in Kyiv by Russian Drone Strike Overnight
- Article 5: NATO’s Common Defense Pledge That Stands in the Way of Ukraine’s Admission While at war
- DeSantis Agrees With Trump: No Cluster Bombs to Ukraine |video
- Secret Service Fails to Find Answers in White House Cocaine Probe
- No fingerprints or DNA turned up on the baggie of cocaine found in a [Full Story]
- Related
- Secret Service Briefs Oversight Committee on White House Cocaine
- Trump to Carson: Secret Service Knows WH Cocaine Truth
- China’s Military Might Built on Cloned US Weapons, Tech
- Americans who visit China frequently see bad knockoffs or bootlegs of [Full Story] | Platinum Article
- Fed Notes Taylor Swift Tour Helped Boost Economy
- The Federal Reserve this week noted that Taylor Swift’s recent [Full Story]
- Ukraine Now Has US Cluster Bombs: Pentagon
- Ukraine has received U.S. cluster munitions, a senior Pentagon [Full Story]
- Actors, Writers Set for Historic Strike at Midnight
- The union representing film and television actors says no deal has [Full Story]
- NASA Rover Finds Organic Martian Molecules
- Evidence is mounting about what may be a wealth of organic molecules [Full Story]
- US Govt: Price Updated COVID Shots Reasonably
- COVID vaccine makers should price their updated shots for the fall at [Full Story]
- Foreign Expert: ‘Barbie’ Movie Appeases Chinese Censors
- A world map shown in the upcoming Warner Bros. movie “Barbie” was [Full Story]
- Virginia’s Youngkin Breaks Fundraising Records
- Republican Virginia Gov. Glenn Youngkin’s main fundraising apparatus [Full Story]
- Back-to-School Sales Seen Hitting New Record of $42B
- S. shoppers plan to spend a record $41.5 billion during the [Full Story]
- WHO Regulations Set to Control Healthcare, Info
- British MP Andrew Bridgen this week criticized new proposed World [Full Story]
- Israel Says It Foiled 50 Iranian-Ordered Attacks
- Israel and its foreign partners have foiled more than 50 [Full Story]
- Related
- IDF Thwarts Hezbollah Attempt to Damage Lebanon Border Fence
- Kerry: US Will Not Pay Climate Reparations
- The United States will not pay reparations to developing countries [Full Story]
- Delta Raises Profit Outlook on Post-COVID Travel Boom
- Delta Air Lines Thursday lifted its full-year profit outlook for the [Full Story]
- Pittsburgh Synagogue Gunman Eligible for Death Penalty
- The gunman who killed 11 people at a Pittsburgh synagogue in 2018 is [Full Story]
- Putin Says Russia May Quit Grain Deal If Demands Not Met
- President Vladimir Putin said on Thursday Russia was set to withdraw [Full Story]
- Pence Calls Out Omar for ‘Sickening’ Attacks on Israel
- Former Vice President Mike Pence called out Rep. Ilhan Omar, D-Minn., [Full Story]
- First Over-the-Counter Birth Control Pill Gets FDA Approval
- Federal regulators on Thursday approved the nation’s first [Full Story]
- Biden Says He’s Serious About Freeing WSJ Reporter Held in Russia
- President Joe Biden on Thursday said he’s serious about pursuing a [Full Story]
- Iger: Disney to Keep ESPN, May Offload Other TV Assets
- Walt Disney wants to keep ESPN and will look for strategic partners [Full Story]
- Billionaire Ken Griffin Reconsidering Support for DeSantis
- Billionaire Citadel CEO Ken Griffin, who previously said the U.S. [Full Story]
- Omar to Skip Israeli President’s Speech to Congress
- Ilhan Omar, D-Minn., announced Wednesday that she will not [Full Story]
- FDA Approves Perrigo OTC Contraceptive Pill
- U.S. officials have approved the first over-the-counter birth control [Full Story]
- UN: AIDS Can be Ended by 2030
- It is possible to end AIDS by 2030 if countries demonstrate the [Full Story]
- Wholesale Inflation Eases Further to 2.6 Percent in June
- Wholesale prices in the United States decelerated again last month, [Full Story]
- Energized Existence
- Finance
- Geothermal Energy Relies on Earth to Heat, Cool Homes
- Some homeowners looking to switch out their heating and cooling systems are turning to home geothermal – also known as ground source – heat pumps…. [Full Story]
- Got Sriracha? The Price for a Bottle Gets Spicy!
- PepsiCo Ups Profit Outlook as Price Hikes Offset Sales
- Fed’s Bullard Steps Down to Become Purdue Dean
- Lauren Fix, The Car Coach: Why the EPA’s Automobile Emissions Guidelines Won’t Work
- Health
- A Third of American Couples Opt for ‘Sleep Divorce’
- More than one-third of coupled Americans who want better sleep are opting for a “sleep divorce. “They’re not actually divorcing, but sleeping in another room so that they each sleep better. “We know that poor sleep can worsen your mood, and those who are sleep deprived are…… [Full Story]
- Low-Dose Eyedrops Ineffective at Slowing Kids’ Myopia
- Social Isolation Linked to Smaller Brain Volume
- New Bionic Implant Allows Control of All Fingers
- Therapy Effective Against Resistant Prostate Cancer
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Updated
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- NOTE 1: Chart above of manufactured housing connected equities includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender.
- NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
- Note 4: some recent or related reports to the REITs, stocks, and other equities named above follow in the reports linked below.
-
2023 …Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
2022 was a tough year for many stocks. Unfortunately, that pattern held true for manufactured home industry (MHVille) connected stocks too. See the facts, linked above.
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Disclosure. MHProNews holds no positions in the stocks in this report.
· For expert manufactured housing business development or other professional services, click here.
· To sign up in seconds for our industry leading emailed headline news updates, click here.
- Note 1: MHVille means manufactured housing industry, MHVille also means artificially smaller manufactured housing (MH) industry,
- Note 2: Manufactured housing, production, factories, retail, dealers, manufactured home, communities, passive mobile home park investing, suppliers, brokers, finance, financial services, macro-markets, manufactured housing stocks, Manufactured Home Communities Real Estate Investment Trusts, MHC REITs.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards, honors and numerous public recognition for his achievements in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. Kovach is a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com, which is ranked as the runaway most read trade media in modern manufactured housing history. This article reflects the LLC’s and/or the writer’s editorial views and may or may not reflect the views of sponsors or supporters.
