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WG Economy: Is The Recession Here?
WG Economy | David Winston
May 17, 2023
According to Bloomberg News, "With the first-quarter earnings season drawing to a close, the profits of S&P 500 companies are estimated to have dropped 3.7% on average, compared to a year ago," marking a second straight quarter decline in corporate earnings. With questions surrounding the impact of commercial real estate on regional banks, there are significant concerns about the second half of this year. While a recession still seems more likely than not, there are some who insist a recession won't happen, and others who say there may be a form of a recession that doesn't fit historical norms. WG Economy, May 17, 2023.pdf
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Iowa Republicans Eye a January caucus date: Why the Calendar is more complicated this year
Des Moines Register | Brianne Pfannenstiel
May 17, 2023
A complicated calendar fight could mean the date of the 2024 Iowa caucuses may not be firmly set for months - even as Republican presidential candidates have already begun competing in the state in full force.
The Democratic National Committee voted earlier this year to reorder the party's presidential nominating process, booting Iowa from its decades-long place as the leadoff state.
Iowa Democrats say they are preparing for the calendar-setting process to drag "well into the fall" as they fight for position with New Hampshire, which also was bumped from the front of the pack in the DNC's process. Read more
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North Dakota Republican Gov. Doug Burgum likely to run for president
CBS News | Fin Gomez
May 18, 2023
As potential Republican contenders Florida Gov. Ron DeSantis, former Vice President Mike Pence, and South Carolina Sen. Tim Scott move closer to announcing their entries into the GOPA presidential fray, another potential candidate is also likely to be throwing his hat into the ring.
CBS News has learned that North Dakota Gov. Doug Burgum is nearing a decision to launch a dark-horse bid for the White House, and has begun hiring political consultants who have advised previous Republican presidential campaigns, according to GOP sources familiar with the planning. Read more
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Youngkin endorses 6 candidates in contested Republican primaries
Associated Press | Sarah Rankin
May 18, 2023
Gov. Glenn Youngkin issued a third round of endorsements Thursday in Virginia legislative races, backing 19 more Republican candidates, including six who are in contested primaries.
Among those who received the governor's nod were Emily Brewer and Tara Durant, both members of the House of Delegates facing spirited challenges for the GOP nomination in state Senate races. Youngkin is also backing Senate candidate Bill Woolf and House of Delegates candidates John Stirrup, Lee Peters, and Buddy Fowler, an incumbent, over other GOP opponents, according to details provided to The Associated Press ahead of a formal announcement. Read more
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WG Discussion Points
New Presidential Inflation Rate Update
WG Discussion Points | David Winston
May 12, 2023
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The latest CPI report showed year-over-year inflation at 4.9%, down slightly from 5% last month. The media headline is that inflation is moderating and that the fed might have "breathing room" to pause, according to Bloomberg. While any inflation decline is welcome news, this doesn't tell the full story. We have new updates to our "Presidential Inflation Rate," (PIR) measuring a president's handling of inflation from their inauguration month to the month of the most recent CPI report. For Biden, we used the CPI price index for January 2021, when he took office, and compared it to the price index in the most current CPI report. The percent difference between the two index points gives us the overall increase in the level of inflation at this point in his term - 16%. That means overall prices have increased by 16 percent since he was sworn in. WG Discussion Points, May 12, 2023.pdf |
ICYMI: Inaction by leftist prosecutors
is killing businesses
American Thinker | Jessica Curtis, President Protecting Americans Action Fund & Senior Advisor to GOPAC
May 10, 2023
Take a look around you - what do you see? Whether you're in a big city or out in the suburbs, I bet you see a lot of long-serving brick-and-mortar stores closing their doors.
The reason, in large part, is because liberal prosecutors around the country are refusing to hold criminals accountable when they commit offenses aimed at these types of businesses.
In the past few months alone, Whole Foods has closed its flagship store in San Francisco, the outdoor recreation store REI is leaving Portland, and Nike is closing its popular store in Seattle after nearly 30 years. Each of these companies cites rising crime and the continued threat of theft as a reason for these closures. Read more
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