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It looks like the long-awaited Murkowski Resolution of Disapproval will be up for vote shortly. Many readers have taken action to urge their Senators to cosponsor the bill (if you haven't, do so here) and these efforts have helped bring the bipartisan support up to 41 cosponsors.
Audit the Federal Reserve Amendments to Financial Reform Bill
Senator Bernard Sanders (I-VT) first introduced an amendment to Senator Dodd’s Restoring American Financial Stability Act requiring that the Government Accountability Office audit the Federal Reserve on a regular basis. Unfortunately, Sanders succumbed to pressure by the Obama administration by scaling back his original proposal. According to the Washington Post,
Labor Department: Unemployment Rate Increased to 9.9 Percent in April
According to the newly released Labor Department’s jobs report, the unemployment rate increased for the first time in three months to 9.9 percent in April. In the past three previous months the unemployment rate has held steady at 9.7 percent.
Federal Communications Commission Chairman Julius Genachowski’s suggested “third way” of internet oversight tries to find a middle ground where there is none. Rather than a path between the free market and regulation, this approach opens the door to federal regulation of the internet to address problems that have yet to emerge.
California One Step Closer to Suspending State Cap and Trade
As we've blogged before, there is a movement underfoot in California to help push back the harmful state cap and trade scheme during tough economic times. This week, those folks got one step closer to seeing their proposed suspension on the ballot this November.
The San Jose Mercury News reports:
Apparently members of Congress have too much time on their hands. Just a few short weeks after ramming ObamaCare through, Senators Kerry, Graham, and Lieberman are already preparing for their next attack on the American taxpayer: the poorly named "American Power Act."
In 1801, Thomas Jefferson expressed his view of good government during his first inaugural address. Our Founding Fathers believed that the best government governed the least since the people were then free to peacefully live in any manner that they choose.
ADP: 32,000 Private Sector Jobs Added in April, 15 Million Americans Still Unemployed