• Pragerisms

    For a more comprehensive list of Pragerisms visit
    Dennis Prager Wisdom.

    • "The left is far more interested in gaining power than in creating wealth."
    • "Without wisdom, goodness is worthless."
    • "I prefer clarity to agreement."
    • "First tell the truth, then state your opinion."
    • "Being on the Left means never having to say you're sorry."
    • "If you don't fight evil, you fight gobal warming."
    • "There are things that are so dumb, you have to learn them."
  • Liberalism’s Seven Deadly Sins

    • Sexism
    • Intolerance
    • Xenophobia
    • Racism
    • Islamophobia
    • Bigotry
    • Homophobia

    A liberal need only accuse you of one of the above in order to end all discussion and excuse himself from further elucidation of his position.

  • Glenn’s Reading List for Die-Hard Pragerites

    • Bolton, John - Surrender is not an Option
    • Bruce, Tammy - The Thought Police; The New American Revolution; The Death of Right and Wrong
    • Charen, Mona - DoGooders:How Liberals Hurt Those They Claim to Help
    • Coulter, Ann - If Democrats Had Any Brains, They'd Be Republicans; Slander
    • Dalrymple, Theodore - In Praise of Prejudice; Our Culture, What's Left of It
    • Doyle, William - Inside the Oval Office
    • Elder, Larry - Stupid Black Men: How to Play the Race Card--and Lose
    • Frankl, Victor - Man's Search for Meaning
    • Flynn, Daniel - Intellectual Morons
    • Fund, John - Stealing Elections
    • Friedman, George - America's Secret War
    • Goldberg, Bernard - Bias; Arrogance
    • Goldberg, Jonah - Liberal Fascism
    • Herson, James - Tales from the Left Coast
    • Horowitz, David - Left Illusions; The Professors
    • Klein, Edward - The Truth about Hillary
    • Mnookin, Seth - Hard News: Twenty-one Brutal Months at The New York Times and How They Changed the American Media
    • Morris, Dick - Because He Could; Rewriting History
    • O'Beirne, Kate - Women Who Make the World Worse
    • Olson, Barbara - The Final Days: The Last, Desperate Abuses of Power by the Clinton White House
    • O'Neill, John - Unfit For Command
    • Piereson, James - Camelot and the Cultural Revolution: How the Assassination of John F. Kennedy Shattered American Liberalism
    • Prager, Dennis - Think A Second Time
    • Sharansky, Natan - The Case for Democracy
    • Stein, Ben - Can America Survive? The Rage of the Left, the Truth, and What to Do About It
    • Steyn, Mark - America Alone
    • Stephanopolous, George - All Too Human
    • Thomas, Clarence - My Grandfather's Son
    • Timmerman, Kenneth - Shadow Warriors
    • Williams, Juan - Enough: The Phony Leaders, Dead-End Movements, and Culture of Failure That Are Undermining Black America--and What We Can Do About It
    • Wright, Lawrence - The Looming Tower

The Spectator:

Why the Biden stock market is even worse than you think

Remember when his cheerleaders said he would be good for the economy?

December 14, 2022 | 12:56 pm

Traders work on the floor of the New York Stock exchange during morning trading (Getty Images)

Written by:

Dave Seminara

If you’re the sort who rarely checks your 401K and other investment accounts, you may be blissfully unaware of what a dismal year (plus) its been for the stock market.

Many prominent media personalities, particularly ones on CNBC, promised us that Biden would be a boon to the stock market because Trump was too erratic. But while the market started hot in 2021, it’s mostly been ice cold ever since, with a few fake rallies thrown in to tease us. How bad has the Biden era been for stocks? Consider some numbers I crunched prior to the market opening on December 12. (Note that I looked at the S&P 500 and the tech/innovation-heavy Nasdaq as a barometer of market health, rather than the Dow, because the former indices encompass a broad range of stocks, whereas the Dow is often misleading because it’s just thirty companies.)

S& P500 Index
Trump era from his inauguration to his last day in office: 2,271 on January 30, 2017 to 3,798 on January 19,2021. Gain/loss: +1,527; 1,527/1,461 days in office = 1.04 points gained per day

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Biden from inauguration to December 12: 3,851 on 1/20/2021 to 3,939 on 12/12/2021. Gain/loss: +88; 88/691 days in office = .12 points per day

Nasdaq Index
Trump era from his inauguration to his last day in office: 5,556 on January 20, 2017 to 13,197 on January 19, 2021. Gain/loss: 7,641 points gained; 7,641/1,461 days in office = 5.23 points gained per day

Biden from inauguration to December 12: 13,342 on January 20, 2021 to 11,015 on December 12, 2022. Gain/loss: 2,327 points lost; 2,327/691 days in office = 3.36 points lost per day

In the Trump era, investors enjoyed about a one-point gain per day on the S&P, while they’ve seen about a tenth of that during the Biden administration, with nearly all those gains clustered in the first half of 2021. The Nasdaq, which is full of tech and innovation stocks like Google (Alphabet), Microsoft, Apple, Amazon, Tesla and many other household names, has been even more of a train wreck for investors. While the Nasdaq index gained more than five points a day on average during the Trump years, it’s lost more than three points per day on average during the Biden years. Remember when Mark Cuban said the stock market would “crash” if Trump was elected? He and others were just a bit off on that score.

As ugly as the numbers are, the reality is much worse for many individual investors, particularly those like me who have aggressive growth portfolios and those who hold individual equities rather than exchange-traded funds (ETFs) or mutual funds. Unless you have a mutual fund or ETF that closely replicates the performance of the S&P or QQQ, which replicates the Nasdaq, chances are your returns are even worse than the indices. (The S&P is down 16 percent as I write this for the year, and the Nasdaq is down 28 percent.)

Here’s the year-to-date performance of some widely held equities as of 12/13:

Amazon: down 45 percent
Google: down 34 percent
Nvidia: down 38 percent
Zillow: down 40 percent
Tesla: down 54 percent
Disney: down 39 percent
Nike: down 33% percent
Microsoft: down 24 percent
Meta/Facebook: down 64 percent
Home Depot: down 20 percent
Bank of America: down 26 percent
Salesforce: down 47 percent
Starbucks: down 13 percent
Netflix: down 46 percent
Roku: down 77 percent
Citigroup: down 23 percent
Advanced Micro Devices (AMD): down 50 percent
Target: down 35 percent

It’s been a brutal year for most stocks, and the indices don’t fully tell the story. That’s especially true if your portfolio is light on energy stocks like Exxon Mobil (up 75 percent this year) and Chevron (up 48 percent), as well as high-quality divided stocks and other relative outperformers, like Caterpillar, T-Mobile, Visa, and Walmart. Most experts identify inflation as the primary culprit behind the market’s dismal showing, particularly in growth stocks, because the value of those equities is linked to future earnings, which are devalued in inflationary times. The growthiest stocks, all for currently unprofitable but potentially promising companies, have been obliterated.

The financial news cheerleaders in the media sold the public on the idea that Biden would be great for stocks, particularly widely held ones, like tech stocks. Consider, for example, Jim Cramer, the host of CNBC’s Mad Money, who is probably the most popular stock picker show on television. He said during election week that the Biden administration would be “nirvana” for growth stocks. Oops.

Before the election, Cramer pimped hard for Biden on his show, claiming that at least two thirds of the stocks he managed as part of his charitable trust would do better under a Biden administration. He claimed that Democrats would better manage our relations with China, benefitting Apple and other tech companies. Then he claimed Disney, Nike, Starbucks, Boeing, Microsoft and others would “roar” during a Biden administration. You can see the “roaring” performance of those stocks above. Cramer said the only stocks that might benefit from another Trump term were the “un-investable coal, gas and oil industries.”

Cramer repeated the word “uninvestable” to drive home his point. But these stocks have killed it during the Biden years. As stated above, oil stocks have hummed and so have many big coal stocks, like Alliance Resource Partners (up 70 percent this year), CONSOL Energy (up 209 percent), and Peabody Energy (up 177 percent). Cramer’s bottom line, repeated by many others in the woke media, was that Biden would be good for stocks, and the ones that might benefit from Trump are ones you don’t want anyway.

The Fed keeps raising interest rates to tame inflation, and every whisper of higher rates sends the market tumbling. But is Biden to blame for any of this? The answer is in part yes. First off, yes, market performance depends on a variety of factors, and the occupant of the Oval Office has little control over some of them. But don’t believe the administration’s reckless spending and belated response to the inflation crisis haven’t impacted the economy and the stock market.

There’s no such thing as a free lunch, but Biden and the Democrats, in concert with some willing Republican accomplices, pretended like we could print money, send stimulus checks to millions of people (including plenty who didn’t need them), and expand unemployment programs with no consequences. Consider this nugget from a recent piece on the inflation blame game in the Wall Street Journal by Judy Shelton:

According to a recent study prepared for the Fed’s Board of Governors by its own economists, the buildup of household income through government transfers during the pandemic subsequently fueled spending. “We estimate that U.S. households accumulated about $2.3 trillion in savings in 2020 and through the summer of 2021,” the study notes, citing “historic levels of government transfers” that included stimulus payments ($844 billion), unemployment insurance ($836 billion), and other transfer receipts ($548 billion).

Without Joe Manchin to save them from themselves, the Democrats’ reckless spending would have been even more irresponsible. There’s also the fact that Biden (and the Fed) woke up to inflation too late, repeatedly minimizing the issue by claiming it was “transitory” and had “already peaked.” Inflation may have cooled to 7.1 percent in November, but I think the number is misleading and doubt the problem is anywhere near behind us.

Biden backers will say the market was overvalued and thus due for a correction, but that’s only part of the story, and it obscures an important truth: not everyone was in on the action in the go-go Trump years. During the pandemic, a huge new class of inexperienced investors emerged who had never owned stocks before. Many did great in the beginning when everything with a ticker symbol went up. But the bottom has fallen out big time, and it’ll take years or decades for many new investors to recover from their losses. This group, along with parents who have kids about to enter college and those hoping to retire soon, have been hardest hit by the market swoon.

Analysts think we’ll likely get a short-lived Christmas rally as investors sell losing stocks to harvest investment loss write-offs before year’s end. But many think 2023 will be a down year as well, and some think the next decade could be a bust.

Anyone who’s fiscally responsible should understand how important the success of the stock market is, not just to the rich, but to a broad swath of the country. They should also be able to see just how bad it’s gotten under Biden. I’m not a financial advisor, but at least until 2024, I’d advise caution on the investing front. It’s possible we’re nearing a market bottom — but I bet we’re not there yet.

By Dave Seminara

Dave Seminara is a writer and former diplomat. He is the author of Footsteps of Federer: A Fan’s Pilgrimage Across 7 Swiss Cantons in 10 Acts and Mad Travelers: A Tale of Wanderlust, Greed & the Quest to Reach the Ends of the Earth.




President Biden welcomed African leaders for dinner at the White House last night. The White House has posted the transcript of his remarks here. Biden’s remarks would not have been complete without this iteration of the 1619 creed:

“We the People” reminds us that our countries’ greatest strength lies in just that: our people. Our people lie at the heart of the deep and profound connection that forever binds Africa and the United States together.

We remember the stolen men and women and children who were brought to our shores in chains, subjected to unimaginable cruelty.

My nation’s original sin was that period.

One can’t help but wonder if the assembled African leaders included any descendants of African slave traders. The world is a complicated place.

Biden’s remarks remind us of the dire threat that Mitt Romney posed, according to Biden himself. As students of ancient history may recall, Romney threatened the restoration of slavery as recently as 2012. Unfortunately, Romney could not be reached for comment on Biden’s remarks.

Other than this reminder of the Romney threat, were Biden’s remarks necessary or constructive? In addition to the threat that Romney posed, Biden’s remarks remind us that nothing he says should be taken at face value.

Good Morning America, Minnesota Style!

Most human animals have little experience with SNOW!

I have lived in Minnesota all of my life. I was born in St. Paul in a September….21st to be exact…in 1934. I once had a birthday party, somewhere around seven years old when particles of snow forced the birthday party into the house. That was Minnesota then!

Winter days in Gopher land were really cold then. We had to wear wool for below zero when needed….and it was needed! Fortunately our snow then at 30 to 40 below was rather DRY in January and February AND early March! I delivered a paper route a few blocks from our house by the time I was eleven. Mothers were real Mothers then….and Dads worked six days a week except for those finishing high school. By seventeen they were off to big time War in Europe or the Pacific.

Churches were loaded with mothers, fathers, and children on Sundays. Families were large then. They had Sundays together with MOTHERS “mothering” taking care of beings and gardens at home. No one swore in public anyway.

Unfortunately guys at 17 and over were expected to smoke to become a man. My dad, when younger, smoked Lucky Strikes…about fifty a day when at home our outdoors….only twenty when at his drug store. He was 5’10” at his regular height and weighed about 140 lbs….typical of the day. He played competitive softball in St. Paul in the summer and bowling in the winter for entertainment and often 60 hours at work a week in winter. When in his fifties he came down with lung cancer….but one of his doctor prescription guys actually saved his life…..and actually died of lung cancer in 1987.

Television, black and white, arrived in the Twin Cities around 1948. Ours was an eleven incher screen type…..The first television in the neighborhood was at the Lindquists across the street….a three inch screen with a mirror. I remember watching Joe Lewis win a boxing match through the mirror at the Lindquist’s house “television”.

Neighborhoods were neighbors in those days….especially during that World War II time 1942- to September, 1945. Sharing food needs was neighborly common during the WAR. Most of our vegetables came from MY VICTORY GARDEN across the alley where houses hadn’t been built yet. Early in wartime 1942 city leaders were encouraging food gardens be established by neighborhood folk whenever possible. There were three empty lots across the alley to our family garages and gardens. The city agreed to plow a local empty lot for free that 1942 Spring IF THE GARDENER OR GARDENERS living near A EMPTY LOT WOULD GROW AND SHARE A FOOD THEY GARDENED WITH THEIR NEIGHBORS WHILE THE WAR LASTED.

My dad was 41 years old that December, 1941. He was manager of a downtown St. Paul Liggett Drug Company and worked 55 hours a week at war time. Mother, an experienced gardener of all kinds was expected to work out at the Victory Garden, the city would pay for the plowing. She agreed! The city plowed!

We seeded an acre at the empty lots into a Victory (food) Garden. And I became manager , going on age 8, to take care of the city’s plowed Victory Garden for Mother came down with a horrible rash over her entire face by mid May working with me seeding, harvesting in the garden by the end of May…

I ran the show thereafter singularly managing our neighborhood’s Victory Garden, 1942 to the end of 1945. (I have loved Landscape Gardening all of my adult life….including most the Landscape Garden in which I have created and lived for 48 years.

Yet….how is it today that Minnesotans of today don’t seem to know what landscape gardens are any more?