Who's Better for Your 401k Plan?

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Unleash Prosperity Hotline – Weekend Edition
Issue #1107
9/20/2024 – 09/22/2024
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1) What's Better for Your 401k Plan?
The latest numbers on household wealth from the Federal Reserve Board shows that household net wealth has increased by 25% under Joe Biden's presidency. That's a decent number and only a little lower than the 37% under Trump.

Except...when we adjust for inflation we see a big difference. Almost all the wealth gains under Biden are due to inflation. Under Trump, almost all of the gains were real increases in wealth.

This is a big deal for seniors who live off of the returns on their lifetime savings.

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2) Biden's Green Energy Conundrum
Does anyone else besides us find this wildly contradictory?

On the one hand, the Biden administration is claiming credit for U.S. oil output hitting record-high levels.

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The Biden Energy Department boasts: "The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day."

On the other hand, Biden is crowing about the $1 trillion "investment in clean energy." Wow, that trillion dollars of taxpayer money must be paying rich dividends, given that by their own admission, we are producing record amounts of "dirty oil." This isn't getting us to net zero over the next 20 years.

Our studies show that we would have produced as many as 2 million more barrels a day with a continuation of the Trump energy policies.

But if Biden really wants to take credit for the most oil production in American history, doesn't that, by his own green logic, make him the greatest environmental villain of all time?

Just wondering.

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3) Who Knew Saving the Planet Could Be SO Lucrative?

We've only said about 100 times on these pages that the green in the green movement isn't about a cleaner environment, but the color of money.

We now have more evidence that the green movement is a scam. Mark Morano, of Climate Depot, has called our attention to a new report by E&E News, which recorded the salaries of the top officials at the leading environmental groups. Many of them make a salary of close to $1 million or more.
1. Carter Roberts, president and CEO, World Wildlife Fund
His base pay in 2022 was $904,841, according to the World Wildlife Fund's tax records. Roberts' total reported compensation that year was $1,204,775.

2. Fred Krupp, president, Environmental Defense Fund
EDF's leader of nearly four decades took home base pay of $669,771 in 2021, the group's records show. Krupp's total compensation that year was $922,022.

3. Jennifer Morris, CEO, the Nature Conservancy
Morris, who started as the conservation group's CEO in May 2020, earned $732,138 in base pay during her first full year on the job in 2021, the tax filing shows. Her total compensation that year was $758,013.

4. Elizabeth Gray, CEO, National Audubon Society
Gray was promoted in November 2021 to become the group's permanent CEO. Her base pay that year was $462,069; her total compensation was $705,458.

5. Mitchell Bernard, interim president, Natural Resources Defense Council
His base pay in 2021 was $479,498, the records show. His total compensation that year was $705,195.

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These are NON-profit organizations that raise tax-deductible, donated dollars. And these CEOs are getting rich off of these charitable contributions? These do-gooders aren't even embarrassed by their annual haul.

It all goes to show that a lot of "environmentalists" are getting really rich off of the $1 trillion climate change industrial complex.

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4) Trump Floats Credit Card Price Controls

This is a terrible idea:

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Credit card price controls will destroy access to credit for millions of Americans.

Bernie, Warren, AOC are fine with that because they want to replace private consumer lending with postal loans that – like direct federal student loans – can be forgiven for political advantage.

Trump should know better.

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5) Hypocrite of the Day: Jay Varma

While Gavin Newsom was violating his own lockdown order at the French Laundry, something even more sordid was going on in New York City.

Dr. Jay Varma, Former Senior Advisor for Public Health, NYC Mayor's Office:

I had to be kind of sneaky about it...I was running the entire Covid response for the city...we rented a hotel...we all took like, you know, molly[Ecstasy/MDMA] ... 8 to 10 of us were in a room...like just being naked with friends...

We went to some like, underground dance party... underneath a bank on Wall Street... We were all rolling...

This was not Covid-friendly... I did all this deviant, sexual stuff while I was you know, like on TV and stuff.

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