Inflation Up, Balloons Down, More War, by David Stockman

David Stockman gives the balloon episode the derision it deserves. From Stockman at

Well, at least we are starting to get some clarity. America is not being attacked by aliens and probably not by the Red Chinese, either. However, it is definitely being bombarded by inflation, war fever and, apparently, the Northern Illinois Bottlecap Balloon Brigade (NIBBB).

Let us unpack.

Last week’s media frenzy about intruders in the skies has gone stone cold silent on the likes of CNN and in The New York Times. Maybe that’s because Sleepy Joe himself has now assured us that the last three intruders shot down with half-million dollar Sidewinder missiles were not sent by the Chicoms, after all.

“The intelligence community’s current assessment is that these three objects were most likely balloons tied to private companies, recreation, or research institutions studying weather or conducting other scientific research,”

Then for good measure, the White House’s always risible press secretary, Karine Jean-Pierre, assured that they weren’t the spawn of extraterrestrial aliens, either.

“I know there have been questions and concerns about this, but there is no – again, NO – indication of aliens or extraterrestrial activity with these recent takedowns.”

Whew! Good to know.

Still, we now learn that there is even more good news. According to a report from Aviation Week, at least one of the objects may have been a hobby balloon reported missing by a club in Illinois that launches small balloons with tracking devices that are capable of traveling the globe at high altitudes.

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