Former Blackrock manager Ed Dowd tells Natalie Winters that the U.S. government has subsidized state budgets since the Great Financial Crisis. Right now, most state budgets get 40 percent of their budget from the federal government. States no longer need to compete for private capital in the bond markets but they do have to go to Washington, D.C. to compete for federal dollars. The centralization of power makes corruption more likely in the D.C. Swamp. States have given up their economic and political sovereignty to the federal government.
“Who was responsible for the destruction and the misery that was going on in those four years?” Ron Vitiello and Eric Bolling call for an investigation into who was running the White House during the Biden Presidency. “Throw them in jail! People died because of their lies!”