In our Liberty Update commentary last week, we noted the many failures of Barack Obama as president…
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Stat of the Day: Terrible Deterioration of Race Relations Under Obama

In our Liberty Update commentary last week, we noted the many failures of Barack Obama as president over the past eight years.  Today, as the nation celebrates Martin Luther King, Jr. Day, a Washington Post-ABC News survey shows just how disastrously race relations have declined under his watch:

In a recent Washington Post-ABC News poll, 63 percent of Americans think race relations are 'generally bad.' Shortly after Obama took office, that number was 22 percent. In the same time period, those who think race relations are 'generally good' plummeted from 66 percent to 32 percent." Of his failures and disastrous legacy, this may be the most depressing.…[more]

January 16, 2017 • 02:13 pm

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“Revised” Puerto Rico Legislation Still a Bailout on the Backs of Savers and Retirees Print E-mail
Friday, May 20 2016

WASHINGTON, D.C. – Yesterday, Representatives Sean Duffy, Rob Bishop and Jim Sensenbrenner introduced a “revised” version of the “Puerto Rico Oversight, Management, and Economic Stability Act,” or PROMESA.  In response, the Center for Individual Freedom (“CFIF”) released the following statement:

“Unsurprisingly, the ‘new’ PROMESA legislation is just more of the same, as it does nothing to address the concerns that have been voiced by conservatives throughout this process.

“The control board still is empowered with broad authority to force a cram-down of Puerto Rico’s general obligation debt, which is backed by the ‘full faith and credit’ of Puerto Rico’s government and prioritized by Puerto Rico’s constitution.  The bill lacks any clarity with regard to preventing the control board from retroactively subordinating Puerto Rico’s bondholders to the Commonwealth’s government pensions.  Meanwhile, all bondholders are stripped of their rights to legal recourse, leaving them severely and unduly disadvantaged at the negotiating table by removing incentive for Puerto Rico to negotiate in good faith with its creditors to reach voluntary resolutions. All of this while doing very little to help jumpstart much-needed economic growth on the island. 

“Make no mistake: This latest version of PROMESA is still very much a bailout of Puerto Rico’s profligate government on the backs of American savers and retirees, including many in Puerto Rico, and high-spending states like Illinois are watching anxiously to see if Congress will follow through with the political precedent that it sets.”

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Question of the Week   
Since 1950, which one of the following U.S. Presidents has appointed the greatest number of Justices to the U.S. Supreme Court?
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Quote of the Day   
 
"When I was leading soldiers in Afghanistan, Private Manning was undermining us by leaking hundreds of thousands of classified documents to WikiLeaks. I don't understand why the president would feel special compassion for someone who endangered the lives of our troops, diplomats, intelligence officers, and allies. We ought not treat a traitor like a martyr."…[more]
 
 
—U.S Senator Tom Cotton (R-AR)
— U.S Senator Tom Cotton (R-AR)
 
Liberty Poll   

Has President-elect Trump sufficiently distanced himself from his numerous international business holdings to eliminate reasonable conflict-of-interest concerns?