Free Markets, Free People
Here are today’s statistics on the state of the economy:
January retail sales rose only 0.1%. Sales ex-autos rose 0.2%, as did sales ex-autos and ex-gas.
Business inventories rose 0.1% in December, but a slightly higher rate of business sales brings the stock-to-sales ratio down a tick to 1.278.
Import prices jumped 0.6% in January on higher energy prices, but were down -1.3% from last year. Export prices rose 0.3% in January, up 1.1% from last year.
The MBA reports mortgage applications fell -6.4% in the latest week, with purchases down -10.0%, and re-fis down -6.0%.
Obviously, even Joe Biden is not dumb enough to call it the official propaganda arm, but apparently you “social media” types are, well, illegitimate:
Biden said that it was important for the media to dissuade the American public from the idea that the Obama administration was prepared to do something unconstitutional on guns.
“To be very blunt with you, we’re counting on all of you, the legitimate news media to cover these discussions because the truth is that times have changed,” Biden added, warning that people would continue to “misrepresent” the White House’s plans for gun control.
“The social media that exists out there, the tragedies that have occurred, the Supreme Court decision affirming that its an individual right to bear arms – all give a lie to the argument that what we’re trying to do is somehow unconstitutional, or somehow goes after the legitimate right to own and bear arms and to hunt and protect yourselves,” Biden added.
Of course, Joe Biden has never been known to tell a whopper, has he?
And yes, he thinks we’re all idiots out here in flyover land.