We at CFIF have consistently highlighted the peril of federal, state and local government efforts targeting…
CFIF on Twitter CFIF on YouTube
New Study Shows How Overregulating Short-Term Lenders Harms Consumers

We at CFIF have consistently highlighted the peril of federal, state and local government efforts targeting the short-term consumer lending sector.

Less than two years ago, we specifically sounded the alarm on a New Mexico law artificially restricting interest rates on short-term consumer loans.

Well, a new study entitled "A New Mexico Consumer Survey:  Understanding the Impact of the 2023 Rate Cap on Consumers" that surveyed actual borrowers confirms our earlier warnings:

Key findings include:

•Short-term,small-dollar loans help borrowers manage their financial situations, irrespective of the borrower’s income.

•The rate cap has failed to improve the financial wellbeing of New Mexicans, specifically those who had previously relied on short-term, small-dollar loans.


November 27, 2023 • 03:57 PM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Democrats Are Building a Wall to Keep Out Truckers Print
By Betsy McCaughey
Wednesday, February 23 2022
Biden routinely calls his agenda a 'blue-collar blueprint to build America.' If he wants the country to believe he's a friend of working people, he'll listen to the truckers, not smack them down.

Seven-foot fencing topped with razor wire will be installed surrounding the U.S. Capitol next week, in advance of President Joe Biden's State of the Union on March 1. The wall is to keep out truckers who are heading to Washington, D.C., as part of the Freedom Convoy protesting COVID restrictions.

Instead of shutting the truckers out, Biden should be inviting them in to sit in the gallery during his speech and have a chat afterward. He invited Vladimir Putin to talk  why not truckers who love America and say they want to "restore our nation's Constitution"?

How Biden treats the truckers could be pivotal for his presidency and the Democratic Party. The people who truck our goods, serve us in restaurants and work with their hands are speaking out for American freedom.

If Scranton Joe were still at the top of his game, he'd welcome the truckers and regale them with stories of his blue-collar past. 

Visiting a Mack Truck plant last summer, Biden boasted, "I used to drive an 18-wheeler." The boast wasn't true, though he once rode in a rig. The point is, Biden understood, even a year ago, the political payoff from treating working people with respect instead of greeting them with razor wire.

Sen. Rand Paul (R-Kentucky) said he hopes the truckers do come, adding, "Civil disobedience is a time-honored tradition in our country, from slavery to civil rights to you name it. Peaceful protest, clog things up, make people think about the mandates." 

When thousands marched on Washington to protest George Floyd's death, they weren't met with razor wire. This is America.

Up north, Canada Prime Minister Justin Trudeau made a whopper of a political miscalculation by crushing the truckers' peaceful protest without ever giving them a hearing. But Trudeau is a born-and-bred elite. Biden claims working class credentials.

Meanwhile, in unison the mainstream media is dismissing the American truckers as "right-wing."

Anti-science? Hardly. Science is proving the truckers right about the damaging impact of government lockdowns and mandates.

Johns Hopkins scientists see "no evidence that lockdowns, school closures, border closures, and limiting gatherings have had a noticeable effect on COVID-19 mortality," with the exception of locking down bars.

Lockdowns cost lives instead of saving them. Many are deaths of despair, likely linked to unemployment, economic desperation and social isolation, suggests University of Chicago professor Casey Mulligan.

At the height of the pandemic, more than 30 million Americans  mostly wage workers  were laid off or furloughed in a speculative attempt to curb the spread of the virus. Unemployment hit 14.7%.

Of course, government bureaucrats, journalists and professors didn't lose their jobs. Now the media is barely mentioning new findings that lockdowns didn't actually save lives.

Nor are they speaking up to question the continuation of government emergency powers.

When Biden notified Congress on Friday that he was extending his emergency powers, which were scheduled to expire, the media was mum. Likewise, when New York Gov. Kathy Hochul extended her emergency powers last week.

It's the truckers who are saying, "enough."

New York Times columnist Thomas B. Edsall dismisses the truckers and their allies as ignoramuses who lack the "advanced education and top scores on aptitude tests" to get ahead. Edsall argues that when the truck convoy arrives in D.C., Biden has to prove himself by maintaining order. That would be a rerun of Trudeau's mistake. 

Truth is, these truckers speak for a large swath of America that is fed up with government closing businesses, mandating shots and forcing masks on their kids.

Biden routinely calls his agenda a "blue-collar blueprint to build America." If he wants the country to believe he's a friend of working people, he'll listen to the truckers, not smack them down.

Betsy McCaughey is a former lieutenant governor of New York and author of "The Next Pandemic," available at Amazon.com. 


Notable Quote   
"The best-case scenario for one of the most common COVID-19 interventions may be that it has no measurable effect on infection, recent studies suggest.A systematic review of studies of mask mandates for children, published Saturday in the British Medical Journal's Archives of Disease in Childhood, found "no association" with infection or transmission in 16 of the 22 observational studies and 'critical…[more]
— Greg Piper, Just the News
Liberty Poll   

What grade would you give the Biden administration thus far regarding all aspects of its approach to the Hamas/Israel conflict?