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The Money-Printing That Made Millennials Wealthy Can Bankrupt Them Too

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A recent article in The Wall Street Journal cited new survey data to document a dramatic turnaround in the financial outlook of the millennial generation. The improvement, as with the reason millennials’ professional lives began with such a rocky start, has much to do with actions taken by the data compiler: the Federal Reserve.

It doesn’t take a rocket scientist to see an association between Fed policies and their effects on Americans’ financial lives. It provides yet another data point reinforcing that the Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades of monetary and economic policy.

Wealth Measures Growing

An analysis by the St. Louis Federal Reserve Bank found that, adjusted for inflation, median net worth more than doubled for millennials born in the 1980s, and more than quadrupled for those born in the 1990s, from 2019 through 2022. (Median net worth refers to the 50th percentile of wealth and therefore minimizes the distortionary effects of a few people who have achieved extremely high net worth.)

The St. Louis Fed also found that millennials and older members of Generation Z had on average a 25 percent higher net worth than those in Generation X or the Baby Boom generation around the same age.

Overall, a Federal Reserve analysis concluded that the total wealth of millennials and older Gen Z members had more than tripled from the first quarter of 2020 to the first quarter of 2024, growing

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Michigan Senate Passes Bills Threatening Election Integrity

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The Michigan state Senate passed a slate of election bills that would pose a serious threat to election integrity, creating an “elections database and institute” and letting individuals interact with voters in line at the polls.

Senate Bills 401, 402, 403, and 404 — which proponents call the “Michigan Voting Rights Act” — passed Sept. 17 along party lines in the state Senate, where Democrats hold a slim two-seat majority. The bill is now headed to the state House, where its timeline is uncertain, state Rep. Ann Bollin told The Federalist.

“This is bad legislation,” Bollin, a Re said. “I think this just further drives a wedge and removes responsibility.”

The bills’ effective date is not set in stone since they still need to pass the House, according to Bollin. She laid out two potential scenarios that could occur if the bills pass the House. 

In one case, the bills could take effect the usual 90 days after passage, meaning they would not affect November’s election.

In the other case, Bollin said the bills could be changed to take effect immediately after passage. If Democrats rushed the bills through the House to be signed by Democrat Gov. Gretchen Whitmer, they would face a lengthy rule process that would still likely put their implementation beyond the election. But Democrat Secretary of State Jocelyn Benson could rush that process.

“That rule process is something that generally takes months to process because you have a public hearing, public comment period,” Bollin said.

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Leftist Activist Suggests ‘Criminal Charges’ For Refusing To Certify Election Results

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A leftist activist said election officials should threaten those who refuse to certify election results with “consequences” like “criminal charges” or “losing your job” in a webinar Tuesday.

“We recommend stressing that anyone who tries to mess with this process or undermine our democracy will fail, and that they will or can face consequences,” said Lizzie Ulmer, senior vice president of strategy and communications at the left-wing States United Democracy Center. “As we’ve seen in a number of the states where this has happened, those consequences can include losing your job or even facing criminal charges.”

Ulmer joined Jon Miller, chief program officer for the leftist Public Rights Project, in a webinar called “Election Certification Messaging for Local Election Officials.” Miller said the two would focus on “messaging strategies” for local election officials to “debunk misinformation” when speaking to the public and media, especially about election certification.

“Folks pushing to block certification want to sow doubt about our fair and secure elections… It’s really important to often include accountability, that these efforts fail, and that there are consequences that people face. Again, depending on the circumstance that may or may not be the right fit,” Ulmer said. “The accountability framing shows that there are very serious consequences for when you seek to undermine that process.”

County canvassers review and certify the results of each election. Canvassing helps officials “resolve discrepancies, correct errors, and take any remedial actions necessary to ensure completeness and accuracy before certifying the election.” But since 2020,

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A 2020 Case Before D.C. Lawfare Judge Could Block RNC From Election Challenges

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Left-wing forces in Washington, D.C., are attempting to revive a 2020 lawsuit against former President Donald Trump, his campaign, and the Republican National Committee to tip the scales of the election in favor of Democrats.

If the Michigan Welfare Rights Organization (MWRO) and the National Association for the Advancement of Colored People (NAACP) have their way, Trump and the RNC would be barred from “engaging in any activities related to recounts, certifications, or similar post-election activities” without receiving prior approval from the D.C. District Court to do so.

Moreover, the case is before lawfare Judge Tanya Chutkan, who is overseeing Trump’s criminal trial in the nation’s capital, despite calls for recusal over prejudicial statements she made against Trump in a separate case.

“This case is just another example of the left weaponizing courts to take out their competition. The left simply doesn’t want Republicans to be part of the process or be able to engage in routine election activities like observe polling places,” Jason Snead, executive director of Honest Elections Project, told The Federalist in a statement.

“Liberals want elections to be run behind closed doors where nobody can observe the process or question liberal election policies. It’s shameful that left-wing lawyers act as if the courts should work only for Democrats.”

The case threatens to effectively put back in place restrictions that hindered the RNC for nearly four decades. A judge appointed by President Jimmy Carter instated the restrictions when he settled a case between the RNC and

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