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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Congress' Insulting Agenda Print
By Betsy McCaughey
Wednesday, July 13 2022
Why would anyone watch this unapologetically rigged process about a topic that pales in comparison to watching your quality of life and future plans destroyed by soaring prices?

Here's proof Washington politicians don't give a damn about our problems, and assume we're dumb enough to swallow whatever they serve up.

After a seaside vacation at the ritzy Alpemare Beach Club in Tuscany, House Speaker Nancy Pelosi has returned to the nation's capital to roll out more episodes of the House's Jan. 6 Committee televised miniseries this Tuesday and Thursday.

Pelosi's head must still be stuck in the Tuscan sand.

How else could she think Americans want to watch a scripted, partisan docudrama produced at their expense about something that happened 18 months ago? The public wants Congress to solve their most painful problem: soaring food, gas and electric prices. 

Pelosi doesn't feel that pain. She was dining on entrees at Alpemare that cost up to $150 a plate, while Americans back home were picking through the meat counters at their supermarket looking for affordable options. The cost of a summer barbecue is up 17% over last year for burgers, hot dogs and other humble fare. Forget steak.

Forget driving to the seashore or a lake for a swim. Not with today's gas prices.

And forget turning on your air conditioner to get a good night's sleep. Electric bills are skyrocketing. In the metro New York area, Con Edison is asking for double-digit rate hikes. New Hampshire residents are already paying $70 a month more than last year. The Federal Energy Regulatory Commission warns rates in some areas of the country could soar 233% during this summer's heat waves.

That's why only a minuscule 14% of the public says the country is moving in the right direction, according to an Associated Press poll last week. Even people with good jobs can't afford simple pleasures.

Where are our political leaders? On Sunday, they were on news shows hyping the Jan. 6 "hearings" airing this week.

They want you to believe that they're uncovering the truth about Jan. 6, 2021, in order to safeguard democracy. But, again, they're playing us for stupid.

The first seven episodes in their miniseries, including Tuesday's, were scripted to tell a predetermined story. The "witnesses" were interviewed behind closed doors and videotaped. Then the committee took only snippets of testimony that support its propaganda and allowed you to hear it.

On Monday, a committee aide was anonymously quoted in the Washington Post, saying, "We will show how some of these right-wing extremist groups who came to D.C. and led the attack on the Capital had ties to Trump associates." But Tuesday's hearing didn't show that because the witnesses were not cross-examined.

Oath Keepers founder Stewart Rhodes, who is sitting in jail, volunteered to testify live so his statements could not be selectively edited. But the committee so far is unwilling because it won't risk a witness who might contradict its predetermined findings. Instead, on Tuesday, the committee hosted former Oath Keeper Jason Van Tatenhove, who hasn't been part of the group since 2018. He's not a witness so much as a prop. 

Similarly, no one cross-examined Cassidy Hutchinson to test her sensational claim that Donald Trump grabbed the steering wheel of the Secret Service limousine to turn toward the Capitol. Why not?

Because the committee is one-sided. The nine members, all hand-picked by Pelosi, include Rep. Adam Schiff (D-Calif.), the face of the first Trump impeachment, and Rep. Jamie Raskin (D-Md.), manager of the second impeachment proceeding against Trump, as well as Reps. Liz Cheney (R-Wy.) and Adam Kinzinger (R-Il.), two Republicans who voted twice to impeach Trump.

That's as balanced as one of Josef Stalin's trials, or justice under Kim Jong-un.

Why would anyone watch this unapologetically rigged process about a topic that pales in comparison to watching your quality of life and future plans destroyed by soaring prices?

Americans under 50 have not lived through inflation and the fear it instills. But President Joe Biden and Senate Majority Leader Chuck Schumer, both in their 70s, and Pelosi, now in her 80s, were already in power when inflation struck during the Carter years.

They know the truth  the pain of inflation. Shame on them for trying to distract from it with made-for-television propaganda.


Betsy McCaughey is a former lieutenant governor of New York and chairman of the Committee to Reduce Infection Deaths. 

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The first U.S. oil-producing well was founded in 1859 near which of the following towns?
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"New York politicians are slapping a badge on my chest. A law going into effect Saturday requires social-media networks, including any site that allows comments, to publish a plan for responding to alleged hate speech by users.The law blog I run fits the bill, so the law will mandate that I post publicly my policy for responding to comments that 'vilify, humiliate, or incite violence against a group…[more]
 
 
—Eugene Volokh, Co-founder of the Volokh Conspiracy Blog and a Law Professor at the University of California, Los Angeles
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Liberty Poll   

Congress is debating adding $45 billion more than requested to defense spending for 2023. Considering a fragile economy and geopolitical threats, do you support or oppose that increase?