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Credit Card Fair Fee Act Threatens Consumers with Higher Costs

The House is scheduled to mark up H.R. 5546, the “Credit Card Fair Fee Act,” this week. Sponsored by Reps. John Conyers (D-Mich.) and Chris Cannon (R-Utah), the legislation would impose price controls and federal regulation on the fees charged by credit card companies for using the electronic payment networks. More specifically, the legislation would create a negotiation process that ends by empowering a panel of judges to establish what a “fair” price should be.

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Press Release

Credit Card Fair Fee Act Threatens Consumers with Higher Costs

The House is scheduled to mark up H.R. 5546, the “Credit Card Fair Fee Act,” this week. Sponsored by Reps. John Conyers (D-Mich.) and Chris Cannon (R-Utah), the legislation would impose price controls and federal regulation on the fees charged by credit card companies for using the electronic payment networks. More specifically, the legislation would create a negotiation process that ends by empowering a panel of judges to establish what a “fair” price should be.

07/15/2008
Read the website: No new energy taxes

NTU really hits the nail on the head with their new project: www.nonewenergytaxes.com. That really sums up so much of the gas prices, cap-and-trade, regulations, and carbon arguments - whether it be fee levied on energy producers, unrealistic mandates like CAFE standards and biofuels, or subsidies dealt out to favored industries and technology - it all adds up to a big tax on our economy and higher prices for everything.

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Blog

Read the website: No new energy taxes

NTU really hits the nail on the head with their new project: www.nonewenergytaxes.com. That really sums up so much of the gas prices, cap-and-trade, regulations, and carbon arguments - whether it be fee levied on energy producers, unrealistic mandates like CAFE standards and biofuels, or subsidies dealt out to favored industries and technology - it all adds up to a big tax on our economy and higher prices for everything.

07/14/2008
A Step in the Right Direction

Yesterday, President Bush announced that he was lifting an executive ban that has prevented offshore drilling for nearly two decades. The lifting of the ban, which was put into place by the former President Bush in 1990, represents a step in the right direction towards lower gas prices and American energy independence.

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Blog

A Step in the Right Direction

Yesterday, President Bush announced that he was lifting an executive ban that has prevented offshore drilling for nearly two decades. The lifting of the ban, which was put into place by the former President Bush in 1990, represents a step in the right direction towards lower gas prices and American energy independence.

07/14/2008
Mortgage Bailout - Bad Policy, Worse Politics

At a FreedomWorks dinner, Columnist George Will gave a speech recounting the failures of politicians to stand on principles of limited government. Referring to 1979 he stated that “conservatives didn’t oppose the Chrysler bailout because it might fail; but because it might work.”

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Blog Hit

Mortgage Bailout - Bad Policy, Worse Politics

BY Joe Hilliard

At a FreedomWorks dinner, Columnist George Will gave a speech recounting the failures of politicians to stand on principles of limited government. Referring to 1979 he stated that “conservatives didn’t oppose the Chrysler bailout because it might fail; but because it might work.”

07/14/2008
Panicked Legislators Push Housing Bill

It is illegal to yell "Fire!" in a movie theater because people could be hurt in the ensuing stampede. For the same reason, it should be illegal for a politician to yell "Panic!" on the floor of the House or Senate. Taxpayers might get run over as politicians rush to spend billions of taxpayer dollars and then stampede to the nearest microphone to claim credit for solving the problem. An example of this behavior is the Dodd-Frank mortgage bailout bill being considered in Congress this month.

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Newspaper Article

Panicked Legislators Push Housing Bill

BY Matt Kibbe

It is illegal to yell "Fire!" in a movie theater because people could be hurt in the ensuing stampede. For the same reason, it should be illegal for a politician to yell "Panic!" on the floor of the House or Senate. Taxpayers might get run over as politicians rush to spend billions of taxpayer dollars and then stampede to the nearest microphone to claim credit for solving the problem. An example of this behavior is the Dodd-Frank mortgage bailout bill being considered in Congress this month.

07/14/2008
Should Congress regulate how they can use new media?

While it’s no surprise that each year more Americans turn to the internet to find news about what is happening in Congress, what is surprising is how resistant certain factions in Congress are when it comes to letting Members of Congress communicate with their constituency more freely.

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Blog

Should Congress regulate how they can use new media?

While it’s no surprise that each year more Americans turn to the internet to find news about what is happening in Congress, what is surprising is how resistant certain factions in Congress are when it comes to letting Members of Congress communicate with their constituency more freely.

07/13/2008
Chinese Govt Top Foreign Holder of Fannie Mae, Freddie Mac

Via FreedomWorks: As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas. [...]

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Blog Hit

Chinese Govt Top Foreign Holder of Fannie Mae, Freddie Mac

BY disinter

Via FreedomWorks: As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas. [...]

07/13/2008
Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds

As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

http://d7.freedomworks.org.s3.amazonaws.com/styles/thumbnail/s3/te_social_media_share/fw_default_0.jpg?itok=mX_C44GW
Press Release

Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds

As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

07/11/2008
FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac

Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, FreedomWorks urges lawmakers to clearly reject a taxpayer bailout and to remind investors that there is no government guarantee for the securities of these publicly traded corporations. FreedomWorks Matt Kibbe commented, “The moral hazard created by the Federal Reserve’s disastrous decision to bailout Bear Stearns is already coming home to roost.”

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Press Release

FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac

Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, FreedomWorks urges lawmakers to clearly reject a taxpayer bailout and to remind investors that there is no government guarantee for the securities of these publicly traded corporations. FreedomWorks Matt Kibbe commented, “The moral hazard created by the Federal Reserve’s disastrous decision to bailout Bear Stearns is already coming home to roost.”

07/11/2008
U.S. Taxpayer Bailout of China Over Fannie Mae

If the US bails out Fannie Mae bonds as suggested in We’re All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It’s a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

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Blog Hit

U.S. Taxpayer Bailout of China Over Fannie Mae

BY Mike Shedlock

If the US bails out Fannie Mae bonds as suggested in We’re All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It’s a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

07/11/2008

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