As misguided politicians and regulators continue to target short-term lenders, which provide American…
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Image of the Day: Sure Enough, Credit Card Balances Are Exploding

As misguided politicians and regulators continue to target short-term lenders, which provide American consumers with vital financial lifelines when the only alternatives are skipping payments, bouncing checks, running up credit card debts or even going to dangerous loansharks, we've consistently noted how short-term lenders' role becomes increasingly important as the U.S. economy deteriorates and credit card reliance skyrockets.  Sure enough, the New York Fed numbers provide an alarming illustration:

[caption id="" align="aligncenter" width="546"] Credit Card Debt Skyrocketing[/caption]

All the more reason to protect consumers' access to legal, reliant, efficient short-term lending rather than irrationally target it.…[more]

December 05, 2022 • 02:38 PM

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A 2024 Trump-Biden Death Match? Print
By Byron York
Wednesday, June 01 2022
Biden's obsession with Trump, and Trump's obsession with avenging his loss in 2020, could lock the two men – one 82 years old, the other 78 – into a sort of political death match.

For all the speculation that goes on around Donald Trump and the 2024 Republican presidential nomination race, it's possible, even likely, that the more intense battle will be among Democrats. A new poll from Mark Penn, the former Clinton strategist who runs the Harvard-Harris Poll, suggests President Joe Biden's support among Democrats is significantly weaker than Trump's support among Republicans. And that could lead to chaos on the Democratic side.

Penn's question was very simple. To Republicans, he asked, "If the Republican presidential primary for the 2024 election was held today, who would you vote for?" And to Democrats, he asked, "If the Democratic presidential primary for the 2024 election was held today, who would you vote for?" 

The results: Forty-one percent of Republicans named Trump, while 12% named Florida Gov. Ron DeSantis, 7% named former Vice President Mike Pence, and 4% each named former U.N. Ambassador Nikki Haley and Sen. Ted Cruz. There were a few other names lower down  Sen. Marco Rubio, Sen. Tim Scott, former Secretary of State Mike Pompeo  and a fairly large percentage, 28%, who said they were unsure or would choose someone else. 

On the Democratic side, the results were 23% for Biden, while 9% named Vice President Kamala Harris, 8% named Sen. Bernie Sanders, 7% support 2016 nominee Hillary Clinton and 5% back Transportation Secretary Pete Buttigieg. Another fairly large number of people, 31%, said they were unsure or named someone else. 

The result is stunning for Biden  only 23% of Democrats said they would vote for the sitting president of their party if the primary were today. That is weak, weak, weak. But even at that, of course, Biden is stronger than the rest of the Democratic field, if a Democratic field can be said to exist at this moment.

Of course, there shouldn't be a Democratic field at all. There shouldn't even be a race on the Democratic side. When there is a relatively new president, still before his first midterms, it is assumed that 1) he will run for re-election, and 2) he will easily secure his party's nomination, almost always without opposition. In Joe Biden's case, neither is guaranteed.

In comparison, Trump is a more powerful presence in the Republican race than Biden is in the Democratic contest. And when Penn then asked voters about a Biden-Trump general election matchup, Trump won, but it was close  45% to 42%, with 13% unsure. 

Then Penn asked about another matchup: Harris versus Trump. Trump won more handily  47% to 40%, with 13% unsure. Then Penn asked about one last contest: Harris versus DeSantis. The vice president won, but narrowly  41% to 38%, with a large contingent, 20%, unsure.

So what does all this say? It says that even in his weakened condition  old, slowing down, job approval rating stuck around 40%  Biden is probably the Democrats' best hope of keeping the White House in 2024. It might not be a good hope, but it is the party's best hope.

This is a subject of intense discomfort among many Democrats. A recent article in New York magazine detailed the party's agonizing search for an alternative to the president  and the fear that there might be no good alternative. The strongest believer in the no-alternative view, of course, is the president himself. Biden, the article reported, is convinced that 1) Trump must be stopped, and 2) the only person who can stop him is Joe Biden. 

"As far as Biden's camp is concerned, there isn't any ambiguity about 2024 at all," author Gabriel Debenedetti wrote. "He has said in private that he sees himself as the only thing standing between the country and the Trumpian abyss and has instructed his aides to redouble their planning for a rematch."

"Biden is sustained by his contempt for Trump and the imperative of keeping him out of office," Debenedetti continued. "'If Trump is alive,' one veteran adviser says, 'Biden is running.'" The president does not seem to realize, or does not seem to care, that many Americans do not believe he should run again at age 82. "Facing a country dubious that he will run, Biden just gets more convinced that he must," Debenedetti wrote.

Biden's obsession with Trump, and Trump's obsession with avenging his loss in 2020, could lock the two men  one 82 years old, the other 78  into a sort of political death match. Unless one or both parties' voters decide it should not come to that.


Byron York is chief political correspondent for The Washington Examiner

COPYRIGHT 2022 BYRON YORK 

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Which of the following Presidents replaced the traditional candles with electric lights on the White House Christmas tree?
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