National Populist Newsletter
August 13th-20th
News:
United States
Immigration
The border crisis and mass migration of asylum seekers and illegal immigrants are creating a fissure among Democrats. Politico reported that Sen. Sinema is furious at President Biden’s decision to give millions more to New York instead of the border state of Arizona. While her likely general election opponent, Rep. Ruben Gallego, also said he is deeply frustrated with the situation, Sinema is taking specific aim at Senate Majority Leader Chuck Schumer, House Minority Leader Hakeem Jeffries, and the Biden administration.
Democrats in New York are also feuding over the state’s migrant crisis. Attorney General Tish James has recused herself from a case brought to force New York City to house those in need, including tens of thousands of migrants. “We had a philosophical difference” is all James would say when asked about the split, according to Politico. This allows James to get to the left of Hochul on one of the most severe issues facing the state, especially as she looks at her political future.
Thousands of Russian nationals have fled to the United States since the beginning of the war with Ukraine; rather than receiving asylum, many have been deported back to Russia. (The Los Angeles Times)
DHS Secretary Alejandro Mayorkas announced the extension of Temporary Protected Status (TPS) for nearly 4,000 Sudanese nationals so they can remain in the United States until at least April 2025. Had Mayorkas let TPS sunset, they would be defined as illegal aliens and subject to deportation. (Breitbart News)
Economy
The Wall Street Journal reported that homelessness is increasing at an alarming pace. Over 577,000 Americans are homeless today, an 11 percent increase from last year; this is by far the most significant recorded increase since the government started tracking comparable numbers in 2007. Adding insult to injury, this spike comes as President Biden asks Congress for hundreds of millions of dollars for illegal aliens.
Bloomberg News reported that mortgage rates hit a 20-year high of 7.09 percent. Black Knight Inc. Sales stated that housing affordability is at its worst rate since 1984. Monthly payments on a $600,000 mortgage at the current 30-year average would be about $4,028. That’s up from $2,601 at the start of last year before the Fed started raising the benchmark rate.
Credit card delinquencies have surpassed their pre-COVID level, clocking in at 7.2% in the second quarter. Making matters worse, auto loan delinquencies were at 7.3% in Q2, also higher than pre-pandemic levels. (Axios)
A report by Moody’s Analytics found that the typical American household spent $709 more in July than they did two years ago to buy the same goods and services. (CNN)