Consumer spending accounts for approximately two-thirds of the U.S. economy, so Joe Biden's crushing…
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Image of the Day: "Bidenomics" Crushes Consumer Confidence

Consumer spending accounts for approximately two-thirds of the U.S. economy, so Joe Biden's crushing impact on consumer confidence helps resolve his apologists' confusion over Biden's economic disapproval.  After inheriting an economy rebounding from the Covid shock, Biden's policies quickly drove consumer confidence back downward, where it continues to stagnate.  No wonder he finds himself in such electoral hot water.

[caption id="" align="alignleft" width="849"] Bidenomics Crushes Consumer Confidence[/caption]

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May 08, 2024 • 12:39 PM

Liberty Update

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Notable Quotes
 
Reporting on the Cost of President Biden's New Student Loan Repayment Program:
 
 

"President Joe Biden's income-driven student loan repayment program will cost up to $559 billion over 10 years, according to an analysis from the University of Pennsylvania's Penn Wharton Budget Model.

The Education Department announced the final regulations for the 'SAVE' plan last week after the Supreme Court invalidated Biden's student loan forgiveness plan.

Wharton's $559 billion figure is its upper estimate and reflects a scenario in which future students max out the amount of available federal direct loans. The minimum prediction is that it will cost $391 billion if students do not heavily increase borrowing."

Read the entire article here.

 
 
— Madeleine Hubbard, Just the News
— Madeleine Hubbard, Just the News
Posted July 19, 2023 • 08:41 AM
 
 
On Proposed New Regulations by the Biden Administration to Curb Short-Term Health Insurance Plans:
 
 

"The Biden administration recently proposed new regulations that would curb short-term health plans -- or, as the White House likes to call them, 'junk' or 'scam' insurance.

"But the true scam is this attempt to deprive people of affordable coverage they like.

"Short-term plans aren't subject to Obamacare's many cost-inflating regulations, including requirements that insurers cover 10 essential health benefits and that bar insurers from charging older enrollees any more than three times what they charge younger ones.

"As a result, short-term plans are much cheaper than plans for sale through Obamacare's exchanges. Monthly short-term premiums can be as little as $55 -- a bargain compared to the $453 a month a 40-year-old would pay for the average benchmark plan.

"For many people -- including young, healthy individuals and workers between jobs -- the cheap, minimalist coverage short-term plans offer is attractive. Too attractive, according to Democrats."

Read the entire article here.

 
 
— Sally Pipes, President, CEO and Thomas W. Smith fellow in Healthcare Policy at the Pacific Research Institute
— Sally Pipes, President, CEO and Thomas W. Smith fellow in Healthcare Policy at the Pacific Research Institute
Posted July 18, 2023 • 08:20 AM
 
 
On Math Education in California:
 
 

"As progressives want to do everywhere, California is destroying math education in the name of 'equity.'

"The state's new 'math framework' for public schools ditches traditional instruction to emphasize 'self-identity' and collaboration in lieu of actual math skills.

"It aims to keep all students in the same math courses until 10th grade -- no longer grouping students by skill so the kids who can learn more get the more advanced instruction they need.

"The result will be far fewer kids able to take advanced classes (calculus, or even algebra), and more 'slow' children denied the chance to gain basic skills."

Read the entire article here.

 
 
— New York Post Editorial Board
— New York Post Editorial Board
Posted July 17, 2023 • 08:20 AM
 
 
Reporting on Senator Joe Manchin's (D-W.Va.) Fundraising and Possible Presidential Run:
 
 

"Sen. Joe Manchin (D-W.Va.) announced Thursday that he raised $1.3 million in the second fundraising quarter, outpacing his potential Republican opponents as he continues his flirtation with a possible third-party presidential bid. ...

"Manchin has left open the possibility of running for president as a third party candidate with No Labels -- a move that has been derided widely by Senate Democrats who believe such a move would be damaging to President Biden's chances of winning a second term."

Read the entire article here.

 
 
— Al Weaver, The Hill
— Al Weaver, The Hill
Posted July 14, 2023 • 08:33 AM
 
 
On the Overreach and Abuse of Power at the Federal Trade Commission:
 
 

"Abuse of power. Document destruction. Ethics concerns. Hiring games. Staff mismanagement. Possible foreign collusion. These are serious accusations against a traditionally bipartisan federal agency that has seemingly lost its way. In early June, the U.S. House Committee on Oversight and Accountability announced an investigation into the Federal Trade Commission's (FTC) leadership. The U.S. House Judiciary Committee, the FTC's own Office of Inspector General, and others are already reviewing the agency. The FTC's comprehensive mismanagement presents, as the saying goes, a target-rich environment.

"As oversight begins in earnest, Congress should focus its investigation on the FTC activities that inflict the most damage on our economy, undermine the rule of law, and corrode the trust of the FTC as an institution. Most importantly, Congress should evaluate whether to use its budgetary authority to mitigate the FTC's excesses. A short sample of the FTC's overreaches include:"

Read the entire article here.

 
 
— Asheesh Agarwal, President of Agarwal Strategies and an Alumnus of Both the U.S. Department of Justice and Federal Trade Commission
— Asheesh Agarwal, President of Agarwal Strategies and an Alumnus of Both the U.S. Department of Justice and Federal Trade Commission
Posted July 13, 2023 • 08:23 AM
 
 
On Circumstances Surrounding Hunter Biden's Plea Deal:
 
 

"An IRS document from early 2022 states Delaware U.S. Attorney David Weiss' office signed off on bringing a felony tax evasion case against Hunter Biden that stretched back to 2014 and money from Ukraine, creating fresh intrigue as to how the president's son ultimately escaped more serious charges and got a plea deal on tax misdemeanors involving conduct years later.

"The document, a prosecution 'conclusions and recommendations' memo, escaped much notice when it was released last month by the House Ways and Means Committee along with the testimony of IRS whistleblower Gary Shapley.

"But it is taking on new significance now that Weiss has issued several carefully crafted statements to Congress appearing to contradict Shapley and a second whistleblower's account of what when in the case."

Read the entire article here.

 
 
— John Solomon, Chief Executive Officer and Editor in Chief of Just the News
— John Solomon, Chief Executive Officer and Editor in Chief of Just the News
Posted July 12, 2023 • 08:52 AM
 
 
Reporting On Conservatives in the U.S. House of Representatives Demanding Further Cuts to Federal Spending:
 
 

"A group of 21 House conservatives warned House Speaker Kevin McCarthy on Monday that they won't be voting for appropriations bills this year unless they reflect a real effort to trim excess federal spending, a threat that will likely complicate GOP efforts to fund the government.

"The warning shot signals another looming fight McCarthy may have to have in public with the right flank of his party. Dozens of conservatives voted against the spending deal McCarthy reached with President Biden earlier this year, which only promised modest cuts to federal outlays that fell short of a GOP-backed bill that passed the House.

"In a letter sent Monday, they said that deal won't be good enough to win their support when spending bills come up for a vote this year. That's a significant problem for McCarthy, who can only afford to lose a handful of GOP votes if he wants to pass legislation without help from Democrats."

Read the entire article here.

 
 
— Elizabeth Elkind, Fox News
— Elizabeth Elkind, Fox News
Posted July 11, 2023 • 08:53 AM
 
 
On the New York Times' 'Character Assassination' of U.S. Supreme Court Justice Clarence Thomas:
 
 

"So, judges are not allowed to have friends now, according to The New York Times.

"The liberal organ's character assassination of Supreme Court Justice Clarence Thomas continued over the weekend with a hefty hit piece titled 'Where Clarence Thomas Entered an Elite Circle and Opened a Door to the Court.'

"The other 4,000 words are laced with the usual smear and innuendo we've come to expect from the left in their attempts to destroy the court's most consequential justice."

Read the entire article here.

 
 
— Miranda Devine, New York Post
— Miranda Devine, New York Post
Posted July 10, 2023 • 10:32 AM
 
 
Reporting On Significant Problems with a Biden Administration Hydrogen Initiative:
 
 

"An early Biden administration initiative to push hydrogen as a 'roadmap' for America's clean energy future is now facing some big hurdles including water shortages and potential environmental hazards.

"The initiative is part of the $1.2 trillion Infrastructure Investment and Jobs Act that President Biden signed into law during his first year in office with the stated objective of 'establishing a clean hydrogen strategy and roadmap for the United States' through such projects as regional hubs to produce hydrogen.

"However, the projects require an enormous amount of pure water for hydrogen fuel production. And nine of 33 projects set to receive federal funds are in 'highly water-stressed regions,' according to a recent report by Reuters."

Read the entire article here.

 
 
— Addison Smith, Just the News
— Addison Smith, Just the News
Posted July 07, 2023 • 07:22 AM
 
 
On the 'Climate Mafia' and Insanity Around Climate Policies:
 
 

"One of the few advantages that come with age -- and believe me, there aren't many -- is that one can look back at all the predictions made by futurists that turned out to be wrong. I am still waiting to travel in my flying car or by jet pack. Unless I missed the news, we still have not colonized the moon or Mars. And those colonies at the bottom of the ocean have yet to materialize.

"One area where it seems that seems particularly wrought with inaccurate predictions is climate. In the 1960s we were all going to die from famine driven by overpopulation. We were heading for a new ice age in the 1970s. The oceans were going to be void of fish and the hole in the ozone layer was going to kill us all. Then we started to hear about global warming and the predictions became even more dire. When that didn't happen, the green mafia coined the phrase 'climate change' to basically blame any natural disaster or unusual weather event as yet another human-driven greed and gluttony.

"Then, in 2019, newly elected Rep. Alexandria Ocasio-Cortez, D-N.Y. predicted that the world would end in 12 years if we did not take immediate measures to address climate change. Well, we are still here four-and-a-half years later, but that hasn't stopped the green mafia from losing its collective mind and implementing crazy laws and policies in the name of environmental justice."

Read the entire article here.

 
 
— Jim Nelles, Supply Chain Consultant Based in Chicago, IL
— Jim Nelles, Supply Chain Consultant Based in Chicago, IL
Posted July 06, 2023 • 07:02 AM
 
Notable Quote   
 
"I didn't expect debates in 2024. It seemed to me that there was too much risk involved for both Biden and Trump. Nor is there a mandate of heaven for presidential debates. But the two candidates calculate risk differently -- that's probably why they are presidents. In their view, the potential upside of watching your opponent melt down is greater than the risk of tripping up. If you do implode, you…[more]
 
 
— Matthew Continetti, Washington Free Beacon
 
Liberty Poll   

Do you believe televised debates between President Biden and former President Trump will actually happen or will fall apart for many potential reasons?