The opinions in guest opinion op-eds represent only the viewpoints of the writer. They do not necessarily reflect those of RedState.com.)
It is only the second year of this incredibly awful Joe Biden Administration. It is really terrible.
Our national situation was not so terrible until recently. How quickly have we fallen. How? Why?
Everything good predecessor president Donald Trump did — Biden has undone and reversed.
It is truly a shame. Trump has done a lot of good for the United States.
Trump was the best American economy for generations.
Here are Ten Reasons Why Trump Economy Has Been the Best For 50 Years
Trump raised the wages of all workers. It was the first increase in wages for Americans with lower incomes since many decades.
Trump’s 40-year tenure has seen the Americans see their highest wage growth in over 40 years.
Higher Wages: Lower-Wage Workers Benefit from the US Economy’s Increasing Performance
Trump made us a net oil exporter — in just over one month in office.
Trump’s breakthrough: The US becomes a major oil exporter
We give you but a fraction of Trump’s presidential legacy — to remind one and all of how good we very recently had it.
Biden murdered our energy independence — on Day One.
Biden Suspends Oil and Gas Leasing In A Variety of Executive Actions
His first attack on our sector of energy.
Biden Administration Stealing Higher Energy Prices by Cracking Down on Oil and Gas, JEC Analysis Shows
This, of course, led to the above.
Biden breaks record with highest ever gas prices
And it ain’t just gas prices setting heinous records.
Bidenflation is the worst in 40 years
All of the above — and other stupid Biden policies — has created a bit of a supply problem.
Biden Worsens Supply-Chain Mess
All of the above — and other stupid Biden policies — has created a bit of an economy problem.
Joe Biden’s Economy Is Already a Disaster. The Chart that Proves it
With all this economic calamity by Biden at the top of our minds, how can Congress make this happen?
DC Is Ensuring Only Billionaires Can Get a Loan – in the Name of ‘Helping the Little Guy’
Biden has caused the economic crisis to be the worst in decades. Now, his Democrats in Congress want to prohibit loans to the poor. Which poor people definitely need — because Biden has made the economy the worst it has been in many decades.
Congress is looking to price cap what are called “payday loans.” Here is exceedingly awful Ohio Democrat Senator Sherrod Brown patting himself on the back for co-sponsoring this idiocy.
“Payday loans” are so named because poor people take the loans when they run out of cash prior to payday. Like, say, when their car breaks down and they need to get the car running…to get to work to get paid on payday.
Rich people don’t need payday loans — because they have the money to cover things like that.
These loans were available to poor people through small community banks. DC did the right thing.
Dodd Frank: Killing off Community Banks
“The banks deemed too big are more than 30% bigger than before the Act was passed in 2010, and 80% bigger than before the banking crisis of 2008. These six financial giants now hold assets worth $10 trillion and control almost half of all US bank deposits.
“Meanwhile, their smaller competitors are struggling to survive. One credit union and community bank disappears per day. Access to local banking services is disappearing along with them.”
“Local banking services” — like short-term loans and lines of credit for poor people.
A vacuum is a curse for the economy. DC having murdered one lender-to-poor-people, another arose in its place. The payday lender was born.
DC won’t let that stand either. They want to price cap payday loans — but we know what that really means.
Price caps are the killer of an item, as basic economics and 10,000-years of human history show. This is just one example of many.
How Gas Price Controls Sparked ‘70s Shortages:
“The era of price controls is most remembered for long lines at gas stations….
“Back then, ‘price controls turned a minor adjustment into a major shortage,’ said Thomas Sowell.”
If you can’t make a profit on something, you stop producing that something. It’s human nature. Because duh.
The artificial price cap on payday loans makes it nearly impossible to make a profit from payday loans. Therefore, payday loans are no longer available. We are human. Because duh.
And the people hardest hit aren’t the payday lenders. They are still extremely hard hit, even though it seems absurdly stupid.
Payday loan-ees are those most affected. These loans are for the poor who have a desperate need.
Especially now — in the midst of Biden’s exceedingly awful economy.
Ain’t DC great? They make it difficult for people to earn money. They then make it difficult for people to borrow money.
It’s all so very, very helpful.
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