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Ask Your Senators If They Support the Dodd/Countrywide Bailout!
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Press Release

Ask Your Senators If They Support the Dodd/Countrywide Bailout!

Just when it seemed that the proposed mortgage bailout couldn’t get any worse, it was revealed that one of the bailout’s primary architects, Senator Chris Dodd, received special “VIP” mortgage rates from Countrywide. As one of the leading sub-prime mortgage lenders, Countrywide stands to be one of the leading beneficiaries of the Dodd Mortgage Bailout if it passes the Senate. 

06/16/2008
Republican Pork and Being Outside Looking In
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Blog Hit

Republican Pork and Being Outside Looking In

BY Russell Wilcox

If any Republicans are still wondering how they lost the Congress, they should examine the shenanigans of Senator Grassley and show him and others like him the door. We won't get another chance for a majority until we do - no matter how badly the Democrats screw up on national security, energy, immigration, taxes and global warming. Chuck Grassley, King of Pork By Matt Kibbe

06/13/2008
Need Some Help
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Blog Hit

Need Some Help

BY Randy Toman

For all of you living in the Lehigh Valley–Pennsylvania they need some help. (SEE BELOW) Join the taxpayers tea party and let the politicians know it will either be food and gas for the family or tax money to the government/ liberals. And I hope you will choose your families. Get involved; help straighten some of the confusion as to who is working for who. FYI. Attached is a call for volunteers to help fight the East Penn tax hike, and the press release that was sent today:

06/13/2008
Dodd Sponsors Lender Bailout, Takes VIP Loans
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Blog

Dodd Sponsors Lender Bailout, Takes VIP Loans

Senator Chris Dodd is one of the driving forces behind the $300 billion FHA-mortgage-refinancing bill currently making its way through the Senate (for more, see David C. John's analysis).  The bill's being sold as aid to struggling homeowners, but it's also a huge boon to lenders holding a lot of risky debt.  That's because it allows these banks to cherry-pick their riskiest loans and slough them off onto the publicly backed FHA; in other words, the bill moves the risk from the bank's portfolio to the taxpayers'.  One of those lenders is Countrywide Financial, and surprise surprise, it looks as if Senator Dodd benefited -- possibly improperly -- from a VIP loan program for personal friends of Countrywide's president.  Portfolio's got the report:

06/12/2008
Doing Nothing
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Blog

Doing Nothing

Daniel Henninger nails the energy issue and the silly games that surround it.

06/12/2008
North Carolina FreedomWorks Day Awards
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Press Release

North Carolina FreedomWorks Day Awards

The following is the prepared version of a speech delivered by FreedomWorks’ Max Pappas, Vice President, Public Policy, on June 10, 2008, at North Carolina FreedomWorks Day, attended by over 500 activists and state officials and their staff.  Pictures of the event coming soon. Good afternoon.

06/12/2008
Hostility to Markets?
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Blog

Hostility to Markets?

Our delightfully lively comment section points us toward this Jesse Taylor post at Pandagon responding to an editorial in the Wall Street Journal:

06/11/2008
Governor Steals From the Poor to Pad State Budget With Unconstitutional Tax
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Press Release

Governor Steals From the Poor to Pad State Budget With Unconstitutional Tax

Well, it seems that the old mantra of “tax and spend” lives on in Colorado. Democrat Governor Bill Ritter, who pushed a $1.7 billion tax increase in 2007, has decided to freeze property taxes in Colorado rather than lowering them as planned. This is tantamount to raising taxes up to $3.8 billion over the next 10 years. The debate rages strongly as of January 2008, when legislative sessions commenced. As if that weren’t enough, the Colorado state Constitution clearly states that any tax increase must go to a vote by the people. But this tax scheme has not gone to the people for a vote. Republican Senate and House members had fought against Ritter’s initial tax, and now are rightly upset at the latest news. "It's modern-day bank robbery," Rep. Cory Gardner, a Yuma Republican stated.

06/11/2008
Summer Windfall
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Blog

Summer Windfall

Every year, it's the same old story: Summertime rolls around, the weather gets hot, people start driving, gas prices go up, and Congress starts expressing Grave and Serious Concern about price gouging and oil company profits.  Of course, even in the wake of Hurricane Katrina, an FTC investigation produced no evidence of any gouging.

06/09/2008
Net Neutrality Does Not Protect Free Speech
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Blog

Net Neutrality Does Not Protect Free Speech

The net neutrality debate has been rife with scare-mongering from the start, but the latest suggestion from the ACLU -- that net neutrality is a necessary component of free speech -- continues to annoy me: Speakers at an American Civil Liberties Union conference today praised legislation that would ban discrimination of Internet content by broadband companies, saying that firms like AT&T, Comcast and Verizon Communications -- not the government -- pose the greatest threat to free speech and expres

06/09/2008

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