Total Maximum Federal Government Support:
- Total Support: $13.9 Trillion
- Total Size of Economy: $14.26 Trillion
H.R. 1207 Gains House Majority (Still stuck in Committee):
- Ron Paul's bill, H.R. 1207, also known as the Federal Reserve Transparency Act of 2009 or the Audit the Federal Reserve Act, has gained 232 co-sponsors. 218 gives it majority in the U.S. House of Representatives. However, it needs 290 co-sponsor's to override suspension. Sadly, the bill remains pigeon-holed in committee.
- We're pleased to note that NH's Rep. Carol Shea-Porter has become a co-sponsor. How about that other guy from district 2?
- S.604, the Federal Reserve Sunshine Act, is the Senate version of H.R. 1207. In a surprise twist, VT's Bernie Sanders is a prime co-sponsor.
In the "Favorites":
Selling Ourselves Down the River:
- Chinese Official Urges Buying Gold and U.S. Land
- Thanks Washington!
Outraged I tell ya, outraged!
On the Land of Un-Opportunity:
- The Six-Year Fight to Start a Boston Sightseeing Company
- Federal Intervention Pits 'Gets' vs. 'Get-Nots'
- "Since the onset of the financial crisis nine months ago, the government has become the nation's biggest mortgage lender, guaranteed nearly $3 trillion in money-market mutual-fund assets, commandeered and restructured two car companies, taken equity stakes in nearly 600 banks, lent more than $300 billion to blue-chip companies, supported the life-insurance industry and become a credit source for buyers of cars, tractors and even weapons for hunting."
- Sorry Dr. Krugman, Stimulus Doesn't Stimulate
- Stimulus Consists of Fraud and Abuse
- Should we be surprised?
- Barney Frank, Car Guy
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On Health Nationalization Legislation:
- What Medicare Wrought: A Doctor's View of Obama's Healthcare Plan
- The incentives/disincentives of "doing to" vs. "doing for"
- Health Bill Estimates Soar, Dems Seek to Trim Bill
- Trying to Cover the Unenthusiastic Uninsured
- Fight Government Encroachment into Healthcare!
- Info on: Protect Patients’ and Physicians’ Privacy Act, HR 2630
- Allows individuals to "opt out" of federal electronic records
- And: Coercion is Not Health Care Act, HR 2629
- Forbids the government from mandating individuals purchase health care insurance
- Health Reform is All Downside for Most Americans
- Private Health Industry's Time is Up
- Bernie ... we thought maybe there was a new you with S.604.
- Obama Tries to Skip the Details
- A Trillion Dollars in Incompetence
- ObamaCare Sticker Shock
- Today's guesstimate: $1.6T
- Odds That Legislation Will Pass This Year? 42%
- The Week Private Health Care Was Saved?
- Who's Funding the Obamacare Campaign?
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I Can't Believe the WSJ Published This:
- Imagine Breaking Up The United States
- While we don't want want a breakup of the U.S., the very fact that the WSJ published this shows that ideas like this are creeping into the mainstream. It is very likely that the future is not in the Federal Government, but in a more decentralized arrangement, with the internet modeling the way. Would this be good or bad? Hard to tell. One things for certain, it would more closely resemble what the Constitution permits than anything this country has seen since 1935.
The "Center" of Politics No Longer Exists:
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On Energy Security Act (aka Cap & Trade Tax):
- Oceans Rising Faster, Polar Caps Melting More Than UN Projections of 2007
- Run for your lives!
- Survivalists Act as Energy Fears Grow
- Speaking of running for your life ...
- The Exploding Carbon Tax
- Lobbying Frenzy Begins as House Climate Bill Heads for Floor
- The Cap & Tax Fiction
- "Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can't repeal that reality."
- The House is voting today.
- Naturally, now that the liberals have taken over NH, both NH House reps are for cap & trade.
Our two-cents: The power to tax carbon is the power to tax life itself! With the power to tax, comes the power to destroy.
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Another Day, Another Benefit Extended:
David Letterman - Comedian or Political Hatchetman?
On Taxes:
Give Us A Break!
On Banking:
- Warren Buffett: Economy Still In Shambles
- States that the Cap & Trade bill will be a very expensive, regressive tax
- Obama Gives Federal Reserve Even More Power
- Surprise, surprise ...
- The Nirvana Fallacy
- Government failed, not the market. Obama's answer? Just like George W. Bush's: more government.
- Questions About Expanding the Federal Reserve's Power
- Banking Reform = Status Quo
- BofA's Ken Lewis Loses His Mind to Lawyers
- Price/Earnings Ratio
- Lawmakers Ask Fannie, Freddie to Relax Condo Rules
- Barney Frank is at it again already!
- Nine Financial Firms Repay $66.3B In TARP Funds
- "JPMorgan, U.S. Bancorp (USB), American Express Co. (AXP), Bank of New York Mellon Corp. (BK), BB&T Corp. (BBT) and Northern Trust Corp. (NTRS) also announced plans to buy back the related warrants associated with TARP. Goldman, Morgan Stanley and Capital One Financial Corp. (COF) didn't address the warrants."
- Three banks that apparently won't be repaying anytime soon: Bank of America, Citigroup and GMAC
- Why Inflation Is So Scary
- A Tale of Two Depressions
- Credit Crisis Part Deux
- Have We Reached an Inflection Point in Economics History?
- Graph of Proposed Regulation Changes
- Suitcase With $134 Billion Puts Dollar on Edge
- Moody's Warning on California Debt Stuns State
- Stuns? Even we knew it was coming and we're not even in California.
- Sorry, Folks, The CRA Really Did Require Crap Lending Standards
- Yes, Congress, the Federal Reserve, etc, are responsible
- Inflation Rates by Country
- Should We Call It "Bernanke-Gate", or "Paulson-Gate"?
- It'll be called Bernanke-Gate. Bernanke is up for renomination, and Obama has been hedging against committing to renominate him. We anticipate that one of Chicago's cronies will be placed as the head of the Fed. God save us.
- Who Owns The Banks, Round Two?
Banking Essays:
- John Lanchester: It's Finished
- In the game of the banksters vs. the taxpayers, guess who always wins?
On Gun Control:
- CIFTA Treaty to Make U.S. Gun Owners Accountable to International Law
- Killing the 2nd Amendment by Treaty. Clever.
- H.R. 45
- Another attempt at gun control
On Heeling the Federal Government:
On U.S. Bonds:
- China Sells US Bonds to 'Show Concern'
- Oops, if the Chinese are selling, then who will buy them? No worries, we'll just buy them from ourselves. Problem solved!
- Foreign Demand For US Financial Assets Falls
On Transparency:
Bill Frezza Speaks:
On Housing:
More Articles:
- The Accelerating Push to Criminalize the Right
- Ken Starr Backs Sotomayor
- Northwestern Mutual Makes First Gold Buy in 152 Years
- Which Republicans Will Run for President in 2012?
- The Sonia Sotomayor You Don't Know
- Bulldozing American Cities
- Grandmother Tasered at Traffic Stop
- Preschool or Not?
- D.C.'s Evolving Human Rights Law
- The cost of a diverse Naval Academy
- Eddie Bauer Files For Bankruptcy Protection ... Again
- A Coverup at AmeriCorps?
- Stimulus Watch: Follow Along As Obama Counts Jobs
- UNH prof arrested after child left in car
- Minn. lawmaker vows not to complete Census
In Summary:
- If you think politicians are trying to completely redefine America this year, you can be forgiven because they are. In summary, the party in power is trying to:
- Dramatically Increase Taxes
- Increase Red Tape
- Increase Centralization of Power
- Decrease Individual Liberty
Senator DeMint on Audit the Fed (HR 1207)
Home Equity Loans and Their Collateral
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