Way back in 2015, late-night television's Stephen Colbert had a ritual bit he'd run every time a presidential candidate dropped out of the race. Using the impressive ceiling in his studio, he projected an image of the also-ran candidate à la how the deaths of each "tribute" in The Hunger Games were announced. He called it the "Hungry For Power Games." Of course, earlier this year, late-night television was the first to go dark when the Hollywood writers went on strike, so we can't expect this sort of thing in the current campaign until they are all back at work (and being paid better). Which is a shame, because the Republican presidential field is already beginning to narrow. Today, the mayor of Miami, Francis Suarez, became the first to officially drop out of the race.

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Since I know next to nothing about macroeconomics, I don't feel qualified to comment on today's news that the Federal Reserve hiked interest rates another 0.25 percent. They indicated that this will be the last one for a while, and inflation has already come down dramatically without crumbling the rest of the economy, but the future (as always) is uncertain. That's about the most intelligent commentary I can offer up on the matter.

Instead, let's take a look at how the Republican field of candidates for the 2024 GOP presidential nomination is shaping up. Because it seems certain that the number of candidates actually in the race is going to soon expand.

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President Joe Biden announced his bid for re-election today, releasing a three-minute video in which he explains why he's running. As the ad makes clear, Biden will be running on one basic concept: freedom. He's in favor of it, and in favor of Americans having more of it. The Republican Party countered with a 30-second ad of their own, in which they present an apocalyptic vision of what a second Biden term would be like. No, that is not hyperbole or an exaggeration. The only other possible word to use is "dystopian." They have outdone themselves in the fearmongering department (where they regularly excel). Since the GOP doesn't have a nominee yet, they are restricted only to offering up criticism of Biden (whether real or, in this case, entirely imagined), perhaps hoping that their eventual nominee will offer up some sort of positive vision of their own (which doesn't exactly seem likely, but hey, it could happen, I suppose). Since Biden is almost certainly going to skate to the Democratic nomination unopposed (or "unopposed by any Democrat the voters would actually nominate," to be technically accurate), this means that for at least the rest of this calendar year, it may stay a contest between: "Freedom," and: "Be afraid, be very afraid!"

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There have been two legal developments this week which might go a long way toward proving that creating a business model out of peddling lies to unsuspecting people is maybe not the best plan of action -- unless, of course, your name happens to be Donald Trump. Trump is the king of all election-denying grifters, and so far nobody's scratched his Teflon coating -- although even Trump may eventually have to face some sort of music for monetizing falsehoods. One of the things the special counsel investigating Trump is reportedly looking into is how Trump made pitches to donors big and small between the 2020 election and January 6th. Trump raised a lot of money promising that it would be used to fight to "Stop The Steal," but he never actually created such a fund. But for the time being at least, Trump has been able to skate away from any consequences for gaslighting his supporters. This is now no longer true for others who jumped on the stolen-election bandwagon. Both Fox News and Mike Lindell are now having to pay for their lies, and this could just be the start of both of them -- and others -- having to cough up to pay for the damage they have done.

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On one of the last days of the year 1170, an English king seems to have begun a long tradition of what might now be known as "mobspeak." Like unto a mobster capo who is cautious about saying or ordering his minions to do specific things which he might later be found guilty of, King Henry II -- speaking about a man who was a powerful rival at the time, Archbishop of Canterbury Thomas Becket -- uttered the ultimate in "deniability" to his knights. The wording is in doubt, since this all happened a very long time ago, but the most common phrasing known today is: "Will no one rid me of this turbulent priest?" We personally prefer the version that calls him a "meddlesome priest" instead, just for the Scooby Doo vibe, but the only account written by a contemporary of Henry worded it (in Latin): "What miserable drones and traitors have I nurtured and promoted in my household who let their lord be treated with such shameful contempt by a low-born cleric!" This version, we feel -- with only slight modernizations of the language -- could easily have been uttered by Donald Trump. It includes shaming his own followers ("miserable drones and traitors") for being insufficiently loyal and fervent in his defense, a personal playground insult to the object of his wrath ("low-born cleric"), as well as overdramatizing his own victimhood ("treated with such shameful contempt"). The whole statement is downright Trumpian, when you think of it.

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Apparently, there was a big murder trial down South that culminated this week, but we have to admit that since it wasn't an overtly political case, we just didn't pay much attention to it. Instead, as always, we had our nose to the grindstone of sifting through the week's political news so that you don't have to. In other words: Welcome to another installment of Friday Talking Points!

We're going to start this week with some good news. Not great news, mind you, but pretty good nonetheless. A spate of actual bipartisanship broke out in the Senate this week and with amazing speed (for Congress in general and for the Senate in particular) they came up with proposed legislation that might actually have a chance of passing. Well, passing the Senate at least, since nobody has any clue of what the GOP House will do these days.

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We have to begin today with a look at the woes of the Republican Party. Because, when you think about it, why not?

The most amusing news (speaking from across the political aisle) all has to do with the Republican Party trying to come to grips with another presidential nominating process with Donald Trump as the 800-pound elephant in the room. Most of the party establishment would dearly love to see literally anyone else win the nomination than Trump, but they also fear the prospect of Trump going rogue if he doesn't win and launching his own third-party bid.

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For a little over a week now, America's military might has been called into action to defend our airspace against... balloons. This has led to a frenzy of speculation about what, precisely, is going on up there. It even sparked a bit of a U.F.O. craze of the type not seen since at least Close Encounters Of The Third Kind came out, if not the original U.F.O. craze of the 1950s. This is pretty absurd when you think about it, though, since if advanced civilizations were indeed monitoring humans, you'd think they'd have slightly-more-sophisticated aircraft to do so than the one which travels the slowest and is the easiest to shoot down. But because the tally is now up to four such objects shot out of North America's skies, I thought I'd share my own ballooning thoughts today (pun very much intended).

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President Joe Biden achieved -- in public and on national television -- a seemingly-impossible feat this week, as he vocally unified all of Congress in support of the long-held Democratic goal of protecting Social Security and Medicare from having their budget slashed by Republicans. That was pretty astonishing to see, you have to admit, since Republicans have been attacking Social Security since before Joe Biden was born (which is really saying something, considering he's about as far from a spring chicken as you can get). But suddenly they decided en masse to take exception with this fact, and loudly protested when Biden pointed out what they've essentially been saying for decades and decades. So Biden welcomed them into the fold of politicians who do fight to preserve the safety net, gleefully proclaiming he had achieved "unanimity." This was a warning to the Republicans that the subject of cuts to Social Security and Medicare were now officially off the table. Rarely has so major a bit of political bargaining worked so effectively during a State Of The Union speech. Which is why it was all so astonishing to watch.

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Next Tuesday night, President Joe Biden will deliver his State Of The Union speech to a joint session of Congress. Today, he got some good news he will without doubt be touting in this speech -- the unemployment rate is not just low, not just "lower than it ever hit under Donald Trump," but historically low. The last time the unemployment rate was a mere 3.4 percent was in 1969, before we sent any men to the moon. If it falls any further, we'll have to go back to 1953 to find a similar number. So we certainly expect this to be prominently featured next Tuesday night.

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