Federal

'Previously Owned Home' Sales Drop Is Biggest in 40 Yrs

But ABC News kept telling us that the economy was recovering! And there were all those bailouts and all the TARP cash, and people said "Yes we can", and Ben Bernanke needs to be reinstated in his dirty throne, and...

Hmmm... Maybe there's a different way. It might have something to do with liberty and individual choice in competitive markets.

http://wbztv.com/national/home.sales.mortgages.2.1447096.html

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Feds Shut Down/Take Over More Banks

First, the fact that anyone in the federal gubment thinks that this is a valid thing for it to do is astounding. Second, the idea that people think the economic troubles are all the fault of "unscrupulous bankers and investors" is insane. A systemic promotion of risky loans, based on worthless money and bad gubment policy to "promote the ownership society" is what causes this kind of failure. The Austrian economists wrote abotu it decades ago and still the pop media and modern politicians don't grasp it.

http://apnews.myway.com/article/20100123/D9DD6LEG0.html

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Bernanke Not a Shoo-in for Continuing at Fed -- But, Sadly, and Obviously, the Fed Will Continue

If there's any more arrogant person who deserves to be taken away from this destructive entity with a monopoly on the issuance of bogus currency, we have yet to find him.

 http://www.ft.com/cms/s/0/3831df1c-0780-11df-915f-00144feabdc0.html

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Leftists to Adjust Medical Fascism Bill -- "Reduce It" to "Only" Guaranteed Issue Mandates

As we have predicted for almost a year, the promoters of medical fascism will "compromise" with "moderates" on the medical fascism bill. Now that Scott Brown has won the MA Senate seat, the lefties will need to "adjust" their bills in the House and Senate in order to get sufficient votes in favor. So what will they do? Yeah, you got it, they will keep as the centerpiece the requirement that insurance companies in the US MUST accept people with preexisting conditions. As we have said, this is the key to their attempt to destroy the private health insurance market. It will cause an upward price spiral that will get more and more Americans upset with what they will see as "rising health insurance costs", and get them blaming the private companies.

Libertarian Claims that Minimum Wage Laws Destroy Jobs, THEORETICAL? Ask the Samoans...

As this video explains, the imposition of US minumum wage laws has devastated the Samoan job landscape. Employers are leaving to find workers elsewhere so that they can remain competitive for consumer business.

http://www.breitbart.tv/60-minutes-american-samoa-suffers-because-of-min...

A link to share with friends and political adversaries, especially those in political office.

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Scott Brown Beats Martha Coakley for US Senate from MA, Rides Tide of Disaffection

As we mentioned earlier, Brown's victory spells trouble for the medical fascism bills that are to be "reconciled" between the House and Senate in DC.

 

But remember, the Dems will do almost anything to get a bill passed, especially a bill that forces insurance companies to accept people with preexisting conditions -- which will drive up their expenses, charges, and drive customers to eventually call for more gubment intervention and give the Dems their victory. Scott Brown will be under a lot of pressure to "compromise", and he is not so pro-freedom that he will vow to leave markets alone. We shall see how much he stands up against the pressure. For now, it it simply very satisfying to see Martha Coakley and her despicable acolytes get what they deserve.

TSA Employee Leaves Gun in Airport Bathroom!

As Ian, Mark, and Gard discussed on Free Talk Live last night (www.freetalklive.com)! This story is another reminder of how unresponsive government is.

 

http://www.wbay.com/Global/story.asp?S=11831863

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Senate Dem Plan to Skirt Rules on Med Fascism Bill Vote Exposes the Fallacy of "Ethical" Government

They are worried that Republican Scott Brown might beat Democrat Marth Coakley for the MA Senate race tomorrow. That would give the republicans enough votes to block the movement of the final House-Senate medical fascism bill to a final vote.

So, of course, they want to change the rules to fit their needs.

http://apnews.myway.com/article/20100118/D9D9U7Q80.html

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Upcoming Bank/CCard Financial Reports Look Grim

No kidding.

Government spending cannot increase productivity, and cannot bring prices down to levels that more closely reflect value. Only the free market can do these things.

http://money.cnn.com/2010/01/14/news/companies/banks_quarter/index.htm?source=ft

 

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Obama Admin Calls for EXTRA Tax on Banks to... Compensate for Bailout DEFICIT?

But... But... We were told many times by the pop media that there was a "profit" coming from the bailouts!

As Zaphod Beeblebrox would say, "What gives, what gives, what gives, what gives, WHAT GIVES?!"

In MA Senate Race: Socialist Coakley's Assistant ASSAULTS AND BATTERS Reporter Outside DC Fundraiser

Take a look at this video. In a recent debate Coakley, who is running to fill the seat left vacant by Ted Kennedy, claimed that the Taliban was no longer in Afghanistan. Regardless of whether one thinks the US government should be involved there, the question the reporter asks her is a valid one. Rather than answer the question about if she still believes that, her people shove the reporter to the sidewalk. Cute. By the way, the dude who did the shoving is Congressman Marty Meehan's cousin, Mark. Markie is along-time Dem functionary.

This might be the event that sends her opponent, Scott Brown to Washington.

http://www.youtube.com/watch?v=g8CdfQGlgVw&feature=player_embedded

Actual Job Openings Dropped in November

Nothing like saddling potential employers with more taxes, regulations and worries about the future. Yeah, that's a prescription for job growth and productivity.

http://www.sanluisobispo.com/business/national/story/986106.html

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Obama Admin. Pulls Bogus Numbers on "Jobs Created" by "Stimulus" Programs - Makes Numbers MORE Bogus!

Isn't it nice to see the politicians being "honest"?

There's a line from Radio Birdman's most recent disc that fits this kind of corrupt mentality: "You just make it worse."

 

http://www.msnbc.msn.com/id/34830451/ns/business-stocks_and_economy

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Treasury Admits: Loss of $68 BILLION, Despite Pop Media Claims It "Made Profit"

A-member when ABC reported that "on the 11% of bailout money that's been paid back to the federal government, the treasury has made a 4% profit!"

A-member when we said such reporting was basically like laying down on the mud for the politicians and their cronies, because the FEDERAL GUBMENT HAD NOT BEEN PAID BACK 89%!

Now, ahh, now, we see our point being made, weeks later. Jeesh.

http://www.reuters.com/article/idUSTRE60A4XU20100111

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Sometimes, Racialists Are Hoist by Their Own Petards

A petard being, of course, a bomb.

Ahh... Harry Reid. Can we discover any more about this guy to make us think of him in any LOWER terms? Let's see... Socialist, liar, intellectually corrupt, arrogant, and foolish. Nice!

http://www.alertnet.org/thenews/newsdesk/N10127018.htm

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More Unemployed in the US -- How's that "Recovery" Workin' for Ya?

And, of course, the vast numbers of people who are no longer even LOOKING for work is not counted in the unemployment figures. But that's okay, because there's no WAY prices are going to start rising to make it worse... IS there? :-)

http://www.msnbc.msn.com/id/34764269/ns/business-stocks_and_economy/?GT1=43001

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Mass TSA Employee Steals, Attempts to Sell Identities of 16 Fellow Employees

But remember, the TSA should get MORE money after it fails, over, and over, and over...

 

Don't you worry! And certainly don't bother thinking about a private system as possibly being more accountable and responsive!

And that Constitution thing? Hey, planes go over state borders, so why not MISREAD the document and get involved in air travel regulation? 

 

http://www.myfoxboston.com/dpp/news/local/ids-of-tsa-employees-at-logan-airport-stolen

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