Committed to the First Amendment and OUR Freedom of Speech since 2008.
Advertisement
Advertisement
Advertisement
Video Productions (view all)
WASHINGTON TOUR
Washington, NC
Washington, NC
SNI Productions
Aerial Videography Projects
Aerial Videography Projects
Advertisement
Latest Poll (view all)
Was it a judicious ploy for Joe Biden's FBI to execute the unprecedented raid of President Trump's Mar-a-Lago estate?
|
Opinion? 277 Vote(s) |
Subject Article View all Polls |
Advertisement
Latest Comments (view all)
- Jann said: HELLO!!!! Ya think
- Rino Hunter said: Ted Budd will be a HUGE improvement in our Senate delegation but Thom Tillis gotta go!
- William Cayton said: First they came for the socialists, and I did not speak out—because I was not a socialist. Then t...
- Stan Deatherage said: Are these corrupt anti constitution Democratic Socialist Authoritarians coming for YOU next? This...
- Countrygirl1411 said: DOJ didn't authorize, now AG Garland has said: “I personally approved the decision to seek a search ...
- Countrygirl1411 said: Polls really don't mean anything any more when there is voter fraud and cheating still going on.
- Stan Deatherage said: This post is one of the many reasons we carry Babylon Bee of ENC NOW /BCN ... it is a very popular p...
- Stan Deatherage said: I will always remember Bill Russell as the only defensive center in the NBA that could on often occa...
- Stan Deatherage said: Liberal Democrat Joe Manchin got something out of this betrayal to the futures of Americans not yet ...
- Stan Deatherage said: Joe the Fool is on a constant vacation ... in an intellectual sense.
- Stan Deatherage said: I once thought that Joe Manchin could be a very rare smart Democrat politician. Everybody makes m...
- Stan Deatherage said: There may be a large truth in the statement "America is moving toward Authoritarianism," because I s...
- All Comments
Advertisement
Latest Entries (view all)
- Carolina Journal by Video - CLXIX: Locke’s Mitch Kokai discusses bill to help vets harmed by burn pits
- The White House Keeps Claiming It Learned About Trump Raid Events From The Press
- A Call to All Good Citizens that Consider Themselves Patriots
- Psaki Faces Backlash Over ‘Welcoming Stiff Competition’ Remark About China’s Top Nuke-Capable Weapons
- Wife Proposes 'Household Debt Reduction Act' Where She Spends Thousands Of Dollars At Target
- 61% Of Americans Living Paycheck-To-Paycheck
- Real Perspective For True Service
- All Latest Entries
Top Biden Adviser Called Out For Saying More Spending Will Finally Stop Inflation
Publisher's Note: This post appears here courtesy of the The Daily Wire. This post appears here courtesy of the The Daily Wire.
National Economic Council Director Brian Deese said on Wednesday that the United States can address high inflation by passing more spending bills.
The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, according to a report from the U.S. Bureau of Labor Statistics. During an interview with CNBC host Carl Quintanilla, Deese urged Congress to address the supply-side issues contributing to higher inflation by passing semiconductor manufacturing incentives.
However, Quintanilla pressed Deese on the notion that higher spending would resolve the highest inflation in over 40 years, which comes on the heels of $6 trillion in federal stimulus packages enacted in response to COVID. "That brings us right back to the circular argument, Brian, that more spending is not what you typically do in the face of high inflation. How do we break out of that circle?" Quintanilla asked.
"I think you have to look at the unique situation that we're in as an economy and think about how do we build more supply, how do we increase the productive capacity of our economy, so that we actually can supply more goods, bring prices down." replied Deese, who formerly worked as a senior adviser to President Barack Obama. "We know the answer on semiconductors exactly. We need more supply of those goods."
Lawmakers have indeed proposed the $52 billion CHIPS for America Act - yet Intel, TSMC, and GlobalFoundries issued "public warnings" that they might "scale back their plans to make semiconductors" in the United States since the funding has not yet been greenlit. "The rest of the world is moving rapidly despite the inability of Congress to get this finished," Intel CEO Pat Gelsinger said at a recent panel event, noting that Asian and European countries are passing new incentives for manufacturers.
"If there's one thing to take away from this report, it's that there is more urgency now than ever in Congress moving to pass a bill to try to build more domestic semiconductors, to try to bring down the price of those goods," Deese told Quintanilla, pointing to rising prices for used cars.
President Joe Biden acknowledged on Wednesday that the new inflation reading is "unacceptably high," but said that the data are "also out-of-date" since energy prices have eased in recent days.
"Energy alone comprised nearly half of the monthly increase in inflation. Today's data does not reflect the full impact of nearly 30 days of decreases in gas prices," he argued in a statement, noting that gas prices have fallen by $0.40 since June. "Those savings are providing important breathing room for American families."
Gas prices fell to $4.63 per gallon as of Wednesday, according to AAA. Yet national average gas prices in early June surpassed $5.00 per gallon, even as prices were $2.38 per gallon ahead of Biden's inauguration and $3.53 ahead of the Russian invasion of Ukraine, according to the U.S. Energy Information Administration.
Beyond the semiconductor legislation, Biden promised to "urge Congress to act, this month, on legislation to reduce the cost of everyday expenses that are hitting American families," such as prescription drugs, utility bills, and health insurance premiums. Some Democratic lawmakers have supported legislation that would allow Biden to control prices by declaring an "energy emergency" to stop fuel companies from selling at prices deemed "unconscionably excessive."
poll#154
Go Back
National Economic Council Director Brian Deese said on Wednesday that the United States can address high inflation by passing more spending bills.
The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, according to a report from the U.S. Bureau of Labor Statistics. During an interview with CNBC host Carl Quintanilla, Deese urged Congress to address the supply-side issues contributing to higher inflation by passing semiconductor manufacturing incentives.
However, Quintanilla pressed Deese on the notion that higher spending would resolve the highest inflation in over 40 years, which comes on the heels of $6 trillion in federal stimulus packages enacted in response to COVID. "That brings us right back to the circular argument, Brian, that more spending is not what you typically do in the face of high inflation. How do we break out of that circle?" Quintanilla asked.
"I think you have to look at the unique situation that we're in as an economy and think about how do we build more supply, how do we increase the productive capacity of our economy, so that we actually can supply more goods, bring prices down." replied Deese, who formerly worked as a senior adviser to President Barack Obama. "We know the answer on semiconductors exactly. We need more supply of those goods."
Lawmakers have indeed proposed the $52 billion CHIPS for America Act - yet Intel, TSMC, and GlobalFoundries issued "public warnings" that they might "scale back their plans to make semiconductors" in the United States since the funding has not yet been greenlit. "The rest of the world is moving rapidly despite the inability of Congress to get this finished," Intel CEO Pat Gelsinger said at a recent panel event, noting that Asian and European countries are passing new incentives for manufacturers.
"If there's one thing to take away from this report, it's that there is more urgency now than ever in Congress moving to pass a bill to try to build more domestic semiconductors, to try to bring down the price of those goods," Deese told Quintanilla, pointing to rising prices for used cars.
President Joe Biden acknowledged on Wednesday that the new inflation reading is "unacceptably high," but said that the data are "also out-of-date" since energy prices have eased in recent days.
"Energy alone comprised nearly half of the monthly increase in inflation. Today's data does not reflect the full impact of nearly 30 days of decreases in gas prices," he argued in a statement, noting that gas prices have fallen by $0.40 since June. "Those savings are providing important breathing room for American families."
Gas prices fell to $4.63 per gallon as of Wednesday, according to AAA. Yet national average gas prices in early June surpassed $5.00 per gallon, even as prices were $2.38 per gallon ahead of Biden's inauguration and $3.53 ahead of the Russian invasion of Ukraine, according to the U.S. Energy Information Administration.
Beyond the semiconductor legislation, Biden promised to "urge Congress to act, this month, on legislation to reduce the cost of everyday expenses that are hitting American families," such as prescription drugs, utility bills, and health insurance premiums. Some Democratic lawmakers have supported legislation that would allow Biden to control prices by declaring an "energy emergency" to stop fuel companies from selling at prices deemed "unconscionably excessive."
poll#154
Latest Regional Business
 |
It has begun, and it will be a process, but know this NOW: Beaufort County Now (BCN), created by Symbiotic Networks (SNI), has evolved to a point that this online publication's most natural progression is to transition into Eastern NC NOW (ENC NOW).
Published: Friday, August 12th, 2022 @ 1:22 am
By: Stan Deatherage
Search Terms: beaufort county now eastern nc now eastern north carolina now sni trnstn |
 |
With words not so complicated in clarity, but are proven beyond their capability to fathom in purpose; evidenced by their pejorative words of pure conjecture to corporately misunderstand the essential nature, the core machinations of those self-asserted issues important to their corporate identity.
|
 |
National Economic Council Director Brian Deese said on Wednesday that the United States can address high inflation by passing more spending bills.
Published: Saturday, July 23rd, 2022 @ 9:00 pm
By: Daily Wire
Search Terms: daily wire national economic council director brian deese inflation advisor |
 |
In response to the Covid shutdown recession, the Small Business Administration and Department of the Treasury rolled out the Paycheck Protection Program (PPP).
|
 |
CNBC ranked North Carolina as the #1 state for business and economy in 2022. North Carolina has consistently been a top 10 contender and last year was the runner-up, but what caused the state to take the top spot?
Published: Wednesday, July 20th, 2022 @ 8:02 am
By: Carolina Journal
Search Terms: carolina journal cnbc business economy rand |
 |
As unemployment remained at low levels in June, the portion of American adults participating in the job market remains far below pre-recession levels, according to a Friday news release from the U.S. Bureau of Labor Statistics.
Published: Wednesday, July 20th, 2022 @ 7:46 am
By: Daily Wire
Search Terms: daily wire unemployment workforce america |
 |
In the politcal age of Covid, Beaufort County may be taking some real advantage of "free money" rolling around making some communities richer while making our Republic far poorer ... in a relative sense.
Published: Wednesday, January 19th, 2022 @ 2:22 pm
By: Stan Deatherage
Search Terms: commerce expansion beaufort county keith kidwell aurora nc cnty bsns 19thru22 |
 |
I have a growing collection of images, the vast majority of which are in North Carolina, that I am now offering for sale in a limited edition format.
|
 |
I have a growing collection of images, the vast majority of which are in North Carolina, that I am now offering for sale in a limited edition format.
|
 |
My apologies to the many Beaufort County patrons who have had a lessened amount of content, save the Beaufort Observer section, who have faithfully continued in the BCN absence of industry in recent weeks. It could not be helped.
Published: Thursday, October 28th, 2021 @ 6:27 pm
By: Stan Deatherage
Search Terms: beaufort county now social network publication |
 |
Extending over 2.57 acres (if purchased in one block), this Commercial Corner, the former John H. Small property, is now for sale, and may be sold as one tract, or sold in building footprints.
|
 |
This bundle of five lots can be split to sold as a pair, or in a combination of three additional lots bringing the total to five, allowing a flexible purpose for many possibilities.
|
 |
Within the plan of this project, I am offering these lots, and this tract that may be so unique that few, if any other proposed projects would even consider offering such, offering such; an experiment in community where the dreams of many may have individual success, bolstering the community.
|
BCN Masthead
Coronavirus Updates
Local News & Expression
Categories (view all)
Advertise With Us
Advertisement
Weather (7 day forcast)
Advertisement
Video Search
Advertisement
Resources & Services
- Latest Facebook Posts Check out our latest posts on Facebook.
- Local Gas Prices Check out our list of local gas prices for Washington, Greenville, and Chocowinity
- Popular Articles Check out our top entries for the latest two months.
- Similar Articles A comprehensive list of Articles grouped together based on various similarities.
- Symbiotic Networks Custom web design, online marketing/advertising, programming, and web development projects.
Advertisement
Latest Entries (view all)
- Carolina Journal by Video - CLXIX: Locke’s Mitch Kokai discusses bill to help vets harmed by burn pits
- The White House Keeps Claiming It Learned About Trump Raid Events From The Press
- A Call to All Good Citizens that Consider Themselves Patriots
- Psaki Faces Backlash Over ‘Welcoming Stiff Competition’ Remark About China’s Top Nuke-Capable Weapons
- Wife Proposes 'Household Debt Reduction Act' Where She Spends Thousands Of Dollars At Target
- 61% Of Americans Living Paycheck-To-Paycheck
- All Latest Entries
Home
Contact
About
Service Rates
Privacy Policy
Follow on Facebook
Subscribe to Newsletters
Rss Feed
Keywords
Eastern NC Now & ENC NOW © Copyright 1998-2022 All Rights Reserved.
