We at CFIF often highlight the clear and present danger that drug price control schemes pose to American…
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New Lung Cancer Breakthrough Illustrates the Potential Peril of Drug Price Controls

We at CFIF often highlight the clear and present danger that drug price control schemes pose to American consumers, who benefit from our private pharmaceutical sector that leads the world - by far - in innovation.  A new lung cancer treatment breakthrough in the form of Amgen's Lumakras illustrates that interrelationship.

Simply put, Lumakras reduced the risk of progression by 34% compared to chemotherapy in patents with advanced lung cancer, which is particularly welcome considering lung cancer's especially low survival rate (18.6% over five years, and just 5% for advanced forms).  The breakthrough required years of research and enormous amounts of investment, however, which The Wall Street Journal notes makes Lumakras the type of innovation put at risk by new drug price controls…[more]

September 22, 2022 • 05:06 PM

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Notable Quotes
 
On Bidenflation:
 
 

"The Congressional Budget Office has just confirmed that President Joe Biden is blameworthy for the record-high inflation that is punishing workers. Further, this nonpartisan source says that Biden's preferred fix, raising taxes, will only make the economy worse.

"The CBO's annual economic outlook adds further force to the arguments against Biden made by other Democrats, such as former President Barack Obama's National Economic Council director, Larry Summers, and Council of Economic Advisers Chairman Jason Furman. The CBO squarely blames Biden's 2021 COVID stimulus bill for today's high inflation, albeit for slightly different reasons.

"Like Summers and Furman, the CBO noted that the stimulus checks sent to every family significantly boosted demand, causing inflationary pressure on its own. But there's more. By paying workers not to work, Biden's COVID stimulus artificially 'slowed the recovery of labor force participation.' As noted by Texas Rep. Kevin Brady, the top Republican on the Ways and Means Committee, this lack of workers strained supply chains, thus providing a second source of upward pressure on prices.

"The CBO predicts that this Biden-caused inflation will persist into next year, tempered only by the Federal Reserve's willingness to raise interest rates, which will, in turn, cause the economy to slow or even contract."

Read the entire article here.

 
 
— The Editors, Washington Examiner
— The Editors, Washington Examiner
Posted June 01, 2022 • 08:37 AM
 
 
Reporting on Inflation and the U.S. Savings Rate:
 
 

"Americans are saving less, a potentially troublesome sign for the U.S. economy.

"The personal savings rate, as a percentage of disposable income, fell to 4.4% in April, the lowest level since 2008 according to the Commerce Department. Total savings slipped to $815 billion. For some, the decline is a red flag for consumer spending, which accounts for 70% of gross domestic product (GDP).

"'We're starting to dip into savings because what generally happens in periods of inflation is you see demand destruction because prices just get too high and people just stop consuming whatever it is,' said Mitch Roschelle, Macro Trends Advisors LLC founding partner. 'While we haven't truly seen demand destruction yet, the first thing that happens is people start dipping into savings because they're not willing to slow down consumption.'"

Read the entire article here.

 
 
— Suzanne O'Halloran, Managing Editor of FOXBusiness.com
— Suzanne O'Halloran, Managing Editor of FOXBusiness.com
Posted May 31, 2022 • 08:33 AM
 
 
In Recognition of Memorial 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 May 26, 2022 • 08:23 AM
 
 
On Florida Officials Pushing Back on a Biden Administration Plan to Give the WHO Authority to Dictate Global Lockdowns and Mandates:
 
 

"Florida Gov. Ron DeSantis and U.S. Sen. Marco Rubio are pushing back against a Biden administration plan to give the World Health Organization authority to dictate global lockdowns and mandates, superseding U.S. and state laws.

"According to an amendment to a treaty likely to be approved this week by representatives of 194 countries, sovereign nations would be required to fund and participate in a global surveillance program, including implementing digital vaccine passports required for travel.

"'We in Florida, there is no way we will ever support this W-H-O thing ... that's not going to happen,' DeSantis said 'No way.'"

Read the entire article here.

 
 
— Bethany Blankley, The Center Square
— Bethany Blankley, The Center Square
Posted May 25, 2022 • 08:34 AM
 
 
On Georgia's Eearly-Vote Surge Proving Predictions About the State's New Voting Law Completely Wrong:
 
 

"We all know what happens when a tree falls in an empty forest. What happens when a democracy emerges unscathed from a purported vile racist threat to its very existence?

"Pretty much the same thing, it turns out.

"The surge in the early vote in Georgia shows that all the smears about the state's new voting law, repeated by everyone from the president of the United States on down, were complete nonsense. ...

"Now that a tsunami of early voting has shown that, indeed, there's no voter suppression in Georgia, the fact checkers aren't swinging into action; the major newspapers aren't preparing accounts of how President Joe Biden was led down the path of promoting misinformation about our electoral system; the Sunday shows didn't do long segments devoted to the theme of how democracy in Georgia, once claimed to be hanging by a thread, has remarkably revived."

Read the entire article here.

 
 
— Rich Lowry, Editor-in-Chief of National Review
— Rich Lowry, Editor-in-Chief of National Review
Posted May 24, 2022 • 08:25 AM
 
 
On Hillary Clinton’s Role in the Alfa Bank Scandal:
 
 

"The trial of former Clinton campaign attorney Michael Sussmann crossed a critical threshold Friday when a key witness uttered the name 'Hillary Clinton' in conjunction with a plan to spread the false Alfa Bank Russian collusion claim before the 2016 presidential election.

"For Democrats and many in the media, Hillary Clinton has long held a Voldemort-like status as 'She who must not be named' in scandals. Yet, there was her former campaign manager, Robby Mook, telling a jury that Clinton personally approved a plan to spread the claim of covert communications between the Trump organization and the Russian bank. It was one of the most successful disinformation campaigns in American politics, and Mook implicated Clinton as green-lighting the gas-lighting of the electorate. ...

"Clinton was not supposed to be the object of the Sussmann trial, because Judge Christopher Cooper, an Obama appointee, issued a series of orders limiting the scope of the trial and its evidence. The orders were viewed as 'spar[ing] the Clinton campaign and the Democratic National Committee ... potential embarrassment.'

"Yet, even after winning such limiting orders, it was the defense that called Mook to the stand -- out of order, in the midst of the prosecution's case, because he was scheduled to leave on vacation -- and he proceeded to confirm that Clinton herself approved of the tactic.

"It was Washington's worst-kept but least-acknowledged secret."

Read the entire article here.

 
 
— Jonathan Turley, Shapiro Professor of Public Interest Law at George Washington University
— Jonathan Turley, Shapiro Professor of Public Interest Law at George Washington University
Posted May 23, 2022 • 07:41 AM
 
 
On Ongoing Problems at the Internal Revenue Service:
 
 

"Lawmakers continued to raise concerns about the Internal Revenue Service at a Congressional hearing this week as the agency deals with billions in misspent dollars, hefty processing backlogs, and complaints over poor customer service.

"Lawmakers lobbed questions at the tax-collecting agency during the House Ways and Means Oversight Subcommittee hearing.

'"The program has an annual improper payment rate of around 25%. In the latest fiscal year, the improper payment amount totaled $19 billion,' Rep. Tom Rice, R-S.C., said at the hearing this week.

"Rice said the agency has 16 million unprocessed returns. Critics have blasted the agency for months for its backlog of millions of returns. Others pointed to the poor customer service at the IRS, an agency that has struggled to keep up with call volume from Americans asking for help. ...

"Lawmakers from both parties have sent a series of letters to the IRS asking questions and looking for solutions. A bipartisan group of over 100 members of Congress sent a letter to the IRS in March about some of these issues."

Read the entire article here.

 
 
— Casey Harper, The Center Square
— Casey Harper, The Center Square
Posted May 20, 2022 • 07:40 AM
 
 
On the Nation's Baby Formula Shortage:
 
 

"'We don't have a food shortage problem,' then-candidate Joe Biden said just months after the COVID pandemic began in May 2020. 'We have a leadership problem.'

"Now that he is president, however, Biden is singing a different tune. Asked if he should have taken steps to address the nation's baby formula shortages sooner, Biden replied, 'If we had been better mind readers, I guess we could have.'

"But the Biden administration never had to read minds. It had been informed of problems at a Michigan baby formula plant eight months ago, and in fact, the Food and Drug Administration issued a recall of formula from that same plant three months ago. Yet Biden never spoke of or acted to address the formula shortage until last Friday.

And yes, there is plenty he could have done."

Read the entire article here.

 
 
— The Editors, Washington Examiner
— The Editors, Washington Examiner
Posted May 19, 2022 • 08:08 AM
 
 
Reporting on Comments Made by Former Federal Reserve Chair Ben Bernanke on Proposals to Cancel Student Loan Debt:
 
 

"Former Federal Reserve Chair Ben Bernanke said that cancelling student loan debt would be unfair.

"'It would be very unfair to eliminate. Many of the people who have large amounts of student debt are professionals who are going to go on and make lots of money in their lifetime. So why would we be favoring them over somebody who didn't go to college, for example?' Bernanke said, according to the New York Times.

"President Joe Biden said last month that he is 'considering dealing with some debt reduction,' though he added that $50,000 debt reduction is not on the table -- some Democrats have pushed for Biden to nix up to $50,000 of federal student loan debt per person.

"But the concept of wiping out some or all student debt obligations remains deeply polarizing. Debt forgiveness would not benefit those who have already worked diligently to pay off their own student loans or the millions of Americans who chose not to attend college."

Read the entire article here.

 
 
— Alex Nitzberg, Blaze Media
— Alex Nitzberg, Blaze Media
Posted May 18, 2022 • 07:24 AM
 
 
On the Federal Court Decision Striking Down a California Law Requiring Gender-Based Quotas on the Boards of Publicly Held Corporations:
 
 

"A California law requiring publicly-held corporations to include women on their boards has been declared unconstitutional by a Los Angeles judge.

Superior Court Judge Maureen Duffy-Lewis said the law, which requires corporations with principal executive offices in California to include women on their boards, violates the Equal Protection Clause of the state's Constitution.

The law was challenged by Judicial Watch, who argued that the law created an unconstitutional gender-based quota system. Judicial Watch represented three California taxpayers who brought forth the case. The judge issued the ruling on Friday. ...

The 2018 law at the center of the case, Senate Bill 826, required that publicly held foreign or domestic corporations with principal executive offices in California add at least one female director to its board by the end of 2019. By January 2022, the law required corporations to have at least three female directors on boards of six or more members and at least two female directors on boards of five members."

Read the entire article here.

 
 
— Madison Hirneisen, The Center Square
— Madison Hirneisen, The Center Square
Posted May 17, 2022 • 08:14 AM
 
Quiz Question   
Which one of the following U.S. Presidents signed the executive order establishing the Federal Emergency Management Agency (FEMA)?
More Questions
Notable Quote   
 
"The Internal Revenue Service (IRS) sent over $1.1 billion in child tax credit payments to incorrect recipients during the COVID-19 pandemic, according to an audit by the Department of the Treasury's Inspector General (IG) for Tax Administration on Tuesday.The IRS sent the payments to 1.5 million people between July and November of 2021 during the pandemic, according to the audit. Additionally, the…[more]
 
 
—Arjun Singh, The Daily Caller News Foundation
— Arjun Singh, The Daily Caller News Foundation
 
Liberty Poll   

Choosing from the list below, what issue is currently most important to you heading into the mid-term elections?