In some impressive and instructive news, the state of Nebraska just claimed the lowest unemployment…
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Nebraska Just Posted the Lowest Unemployment Ever Recorded. Guess Why.

In some impressive and instructive news, the state of Nebraska just claimed the lowest unemployment rate ever recorded.  The likely reason shouldn't surprise anyone:

 

Nebraska’s jobless rate tends to run below the national rate. Economists cite a combination of factors that have kept joblessness in the state well below the U.S. average from the onset of the pandemic. Nebraska had fewer government-imposed restrictions on business, helping it avoid steep job losses some states experienced earlier in the pandemic."

 

At some point, perhaps other more stubbornly leftist states will catch on before every one of their residents and businesses flees to more economically hospitable states with fewer regulations, lower taxes and less government generally.  But don't hold your breath…[more]

November 22, 2021 • 08:13 AM

Liberty Update

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Notable Quotes
 
 
 

"Have a Happy and Safe Thanksgiving!"

 
 
— From Everyone at the Center for Individual Freedom
— From Everyone at the Center for Individual Freedom
Posted November 24, 2021 • 08:53 AM
 
 
On a Coalition of Financial Officers from 15 States Warning the Banking Industry Against Adopting Corporate Policies That Cut Off Financing for the Coal, Oil and Natural Gas Industries:
 
 

"A coalition of financial officers from 15 states sent a letter to the U.S. banking industry on Monday warning they plan to take 'collective action' against banks that adopt corporate policies to cut off financing for the coal, oil, and natural gas industries.

"The group threatens to scrutinize or potentially curtail future business with banks that adopt an 'economic boycott' of those industries in a letter obtained exclusively by National Review.

'"Just as each state represented in this letter is unique in its governing laws and economy, our actions will take different froms,' writes the group, led by West Virginia treasurer Riley Moore. 'However, the overarching objective of our actions will be the same -- to protect our states' economies, jobs, and energy independence from these unwarranted attacks on our critical industries.'

"The group of state treasurers, auditors and comptrollers from West Virginia, Arizona, Arkansas, Idaho, Louisiana, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Utah, Wyoming, Alabama, Texas and Kentucky say they have a 'compelling government interest' to eleven major financial institutions that 'are not engaged in tactics to harm the very people whose money they are handling." ...

"The letter puts the financial institutions that have 'adopted policies aimed at diminishing a large portion of our states'  revenue' on notice, saying the banks have 'a major conflict of interest against holding, maintaining, or managing those funds.'

"'This is not really a boycott,' Moore told National Review. 'I'm a market participant and I'm exercising my preference not to work with these banks.'"

Read the entire article here.

 
 
— Brittany Bernstein, National Review Online
— Brittany Bernstein, National Review Online
Posted November 23, 2021 • 08:03 AM
 
 
On the Tax Hikes in the Build Back Better Act:
 
 

"Build Back Better's taxes, direct and indirect, would mean a world of hurt for American families.

Yes, President Joe Biden's plan socks the rich, with hikes of more than half a million bucks, on average, for the top 0.1 percent. But it also hits as many as 30 percent of the rest of us, too, according to the Tax Policy Center. Those bump-ups might be fairly small next year, but after that, the expanded child tax credit (up to $3,600 per child) expires, meaning many low- and middle-class families would see their bottom-line tax bill go up even more.

The bill will also slam the majority of the nation's 30 million small businesses by applying the 3.8 percent net investment income tax to active business income for pass-through firms. Those moms and pops will certainly feel the pinch -- but so will their customers, when they pass along the upcharge in the form of higher prices. Republicans on the House Ways and Means Committee say Build Back Better will squeeze more than $400 billion in new taxes from small businesses."

Read the entire article here.

 
 
— New York Post Editorial Board
— New York Post Editorial Board
Posted November 22, 2021 • 08:45 AM
 
 
On Deficit Spending and the BBB Plan:
 
 

"Worth noting, the Dems' BBB plan frontloads all of the spending in the first five years, adding $791 billion to the deficit from 2022-2026. Only in the 'out years' does the CBO project it will rein that back to just $367 billion."

 
 
— Tweet from Tom Bevan, Co-Founder and President of RealClearPolitics
— Tweet from Tom Bevan, Co-Founder and President of RealClearPolitics
Posted November 19, 2021 • 06:16 AM
 
 
On Saule Omarova, President Biden's Nominee to Lead the Office of the Comptroller of the Currency:
 
 

"President Joe Biden's nominee to lead the Office of the Comptroller of the Currency (OCC) was arrested for allegedly shoplifting merchandise at a TJ Maxx, according to a police report.

"Cornell Law School professor Saule Omarova, who Biden picked to head the OCC in September, was arrested in 1995 for an alleged retail theft of $214 in TJ Maxx merchandise, according to police records posted by the American Accountability Foundation, a conservative watchdog group. Her arrest had previously been reported by Fox News, but the police report offers new details on the incident. ...

"Omarova allegedly stole several bottles of cologne, along with shoes, belts, and socks from a Wisconsin TJ Maxx, according to the police report. She reportedly placed the items in her bag and covered them with clothes before exiting the store, at which point she was confronted by a TJ Maxx security guard."

 
 
— Ailan Evans, Daily Caller
— Ailan Evans, Daily Caller
Posted November 18, 2021 • 08:56 AM
 
 
On President Biden's 'Build Back Better' Proposal:
 
 

"President Biden's false claim that his 'Build Back Better' spending blowout (more accurately named 'Build Back Broke') would cost 'zero dollars' just got further exposed for the farce it is.

"Thanks to the nonpartisan Congressional Budget Office, we know more about how America's growing debt bomb will advance further toward detonation if Congress doesn't halt BBB socialism in its tracks.

"The CBO is meant to be the neutral referee tallying price tags for Congress' bills, and CBO boss Phillip Swagel said Monday that Democrats' BBB proposal to beef up Internal Revenue Service enforcement against tax cheats would pay a mere fraction of what Biden's team claimed it would.

"Instead of the $400 billion over 10 years Biden claimed, the CBO said it would harvest a mere $120 billion. We're still waiting for the full CBO price tag for the entire BBB package."

Read the entire article here.

 
 
— Carrie Sheffield, Senior Policy Analyst at Independent Women's Voice
— Carrie Sheffield, Senior Policy Analyst at Independent Women's Voice
Posted November 17, 2021 • 07:46 AM
 
 
On the Political Gossip Regarding Vice President Kamala Harris and the Biden Administration:
 
 

"If you have an ear for it, what you can hear between the lines of recent pieces of journalism is that 1) A lot of people with a look into things at the White House think Joe Biden is not going to run for re-election. 2) Just about everyone thinks Kamala Harris is a disaster. 3) A significant portion of insider Dems think Pete Buttigieg is the cure for what ails them. 4) Kamala Harris' team is desperate.

"The Knives are Out! ...

"Anyway, I find this very amusing as gossip, but alarming as a citizen. Kamala Harris is a heartbeat away from the presidency. And if she should be called upon to serve, she will know fully well that the administration she would lead has not only sidelined her, but is now basically putting it out there in the press that she's useless cargo that needs to be discarded to save the ship from sinking.

"Good thing the US isn't facing anything serious like the worst spasm of inflation in four decades and potential serious challenges to the post-Cold War settlement in East Asia and Eastern Europe."

 
 
— Michael Brendan Dougherty, Senior Writer at National Review Online
— Michael Brendan Dougherty, Senior Writer at National Review Online
Posted November 16, 2021 • 08:55 AM
 
 
On a Proposal to Offer Additional Tax Credits for the Purchase of Union-Made Electric Vehicles:
 
 

"A proposal to offer an additional $4,500 tax credit for the purchase of union-made U.S. electric vehicles is shaping up to be the next issue of contention in the Democrats' nearly $2 trillion budget reconciliation bill.

"Under the plan, an extra $500 tax credit would be applied if the vehicle contains 50% domestic parts.

"Democratic West Virginia Sen. Joe Manchin, a key swing vote in the evenly split Senate, has come out forcefully against the preferential $4,500 incentive. ...

"Auto makers such as Tesla, Toyota and Honda are opposed to the Democrats' proposal, given that their workforces are not unionized. ...

"Republicans have argued that a $4,500 tax credit added on top of the existing $7,500 credit for electric car purchases would disproportionately help wealthy Americans purchase pricey EVs."

Read the entire article here.

 
 
— Nicholas Ballasy, Just the News
— Nicholas Ballasy, Just the News
Posted November 15, 2021 • 06:32 AM
 
 
On 'Bidenflation':
 
 

"The Biden pay cut just got more severe as surging inflation reduces Americans' real wages and living standards. On Wednesday, the Labor Department announced that the consumer price index increased by 6.2% over the last year, the fastest pace in over 30 years. October marks the sixth consecutive month that inflation has grown by 5% or more on a year-over-year basis -- significantly outpacing wage growth and putting Americans further and further behind. Bidenflation is the next pandemic.

"The topline CPI number obscures even higher inflation among commodities like food and energy that Americans actually consume. When you strip out deflationary tech products from the index, price increases are even more substantial. The price of gas is up 50% over the last year, and the cost of fuel oil to heat homes has risen nearly 60%. The price of beef is up 20% and pork 14%.

"Americans are staring down their most expensive Thanksgiving dinner in history, a bitter pill to swallow considering many families skipped Thanksgiving get-togethers last year due to the pandemic. ...

"This painful inflation is largely a result of President Biden and congressional Democrats' trillions of dollars in reckless spending that devalues the currency. Late last week, Congress passed a $1.2 trillion infrastructure-in-name-only bill that will worsen inflation by showering money on political and environmental priorities. According to the Committee to Unleash Prosperity, only about one in four of the legislation's dollars are for roads, bridges, highways, and airports. Much of the rest goes to big green boondoggles."

Read the entire article here.

 
 
— Alfredo Ortiz, President and CEO of the Job Creators Network
— Alfredo Ortiz, President and CEO of the Job Creators Network
Posted November 12, 2021 • 08:24 AM
 
 
Happy Veterans Day:
 
 

"Our flag does not fly because the wind moves it. It flies with the last breath of each soldier who died protecting it."

 
 
— Unknown
— Unknown
Posted November 11, 2021 • 02:16 PM
 
Quiz Question   
What percentage of crude oil is refined to become motor gasoline?
More Questions
Notable Quote   
 
"Have a Happy and Safe Thanksgiving!"…[more]
 
 
—From Everyone at the Center for Individual Freedom
— From Everyone at the Center for Individual Freedom
 
Liberty Poll   

Does your Thanksgiving dinner this year include more, less or about the same number of people as last year's gathering, when Covid-19 interfered with many such occasions?