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Data-Tracking Provision Retained in Housing Bill
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Newspaper Article

Data-Tracking Provision Retained in Housing Bill

BY Linda Rosencrance

Congress last week passed a bill to tackle the housing crisis that also includes a controversial provision requiring e-commerce and credit card companies to report merchant transactions to the IRS, raising privacy and financial issues for small businesses. President George W. Bush has indicated that he will sign the legislation, which is intended to help homeowners facing foreclosure, but it was not clear when the president would add his signature. The White House press office did not return a call for comment.

07/29/2008
“Use It or Lose It” Is Not the Way Energy Markets Work
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Press Release

“Use It or Lose It” Is Not the Way Energy Markets Work

It has been widely reported that the United States faces an energy crisis of epic proportions. This perceived crisis has left Americans facing significant pain at the pump, as the price of gasoline continues to rise and oil prices repeatedly stretch to record highs. In response, politicians from both sides of the aisle have scrambled to offer solutions in an attempt to soothe public anger over the costly impact of higher gas prices.  While Republicans have argued for drilling in the Arctic National Wildlife Refuge (ANWR) and the Outer Continental Shelf (OCS), Congressional Democrats responded with a counterclaim: oil companies need to use what they already have.

07/28/2008
The Shame of Suspensions
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Blog

The Shame of Suspensions

The Senate plans to take up the so-called "Coburn Omnibus" today - a package of bills thus far held up by Sen. Coburn for good reasons ranging from: it's wasteful spending to it expands government to it duplicates a current project to it increases the already record high deficit. FreedomWorks "Key Votes" the bill here. Heritage explains just how bad it is here. And Sen.

07/27/2008
Keeping the Focus on Dodd’s Deal
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Blog Hit

Keeping the Focus on Dodd’s Deal

BY Rob Bluey

Our friends at FreedomWorks are keeping the pressure on Sen. Chris Dodd (D-Conn.) for his sweetheart deal with Countrywide Financial and the housing bailout he negotiated to benefit the company. During a recent trip to Capitol Hill, the FreedomWorks team brought its Pander-bear to Union Station to shine the spotlight on the cronyism. Check out AngryRenter.com for more information.

07/27/2008
FANNIE AND FREDDIE: PLAYING WITH A STACKED DECK
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Blog Hit

FANNIE AND FREDDIE: PLAYING WITH A STACKED DECK

BY Daily Reckoning

As recently as February of this year, Russian officials cleared the way for two of its sovereign wealth funds, the Reserve Fund and National Wellbeing Fund, to invest in various foreign bonds, including those issued by the twin towers of American residential finance, Fannie and Freddie. “The prospect for every GSE bond clearly states that it is not backed by the United States government,” says Matt Kibbe, president of FreedomWorks. “That’s why investors holding agency bonds already receive a significant risk premium over Treasuries.”

07/27/2008
Fannie and Freddie: Playing With a Stacked Deck
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Newspaper Article

Fannie and Freddie: Playing With a Stacked Deck

BY Bill Bonner

As recently as February of this year, Russian officials cleared the way for two of its sovereign wealth funds, the Reserve Fund and National Wellbeing Fund, to invest in various foreign bonds, including those issued by the twin towers of American residential finance, Fannie and Freddie. "The prospect for every GSE bond clearly states that it is not backed by the United States government," says Matt Kibbe, president of FreedomWorks. "That's why investors holding agency bonds already receive a significant risk premium over Treasuries."

07/27/2008
Fannie and Freddie: Playing with a Stacked Deck
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Blog Hit

Fannie and Freddie: Playing with a Stacked Deck

BY Saigon Charlie

As recently as February of this year, Russian officials cleared the way for two of its sovereign wealth funds, the Reserve Fund and National Wellbeing Fund, to invest in various foreign bonds, including those issued by the twin towers of American residential finance, Fannie and Freddie. “The prospect for every GSE bond clearly states that it is not backed by the United States government,” says Matt Kibbe, president of FreedomWorks. “That’s why investors holding agency bonds already receive a significant risk premium over Treasuries.”

07/27/2008
Oregon Reps. Bluemenaur, Hooley, and Wu Vote to Give $300 Million Taxpayer Subsidy to Greenbrier's Top Foreign Competitor
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Press Release

Oregon Reps. Bluemenaur, Hooley, and Wu Vote to Give $300 Million Taxpayer Subsidy to Greenbrier's Top Foreign Competitor

Wednesday, three Oregon U.S. Representatives voted to give hundreds of millions of dollars in tax subsidies to a Canadian rail-car manufacturer. The Canadian company, National Steel Car, is one of the top foreign competitors to Greenbrier, an important Oregon manufacturer with operations in Portland and Lake Oswego. Voting for the foreign railcar subsidy were Reps. Earl Blumenauer, Darlene Hooley, and David Wu. Voting against the subsidy were Reps. Peter DeFazio and Greg Walden.

07/25/2008
Elites Seek Control Over Rising Cashless Society
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Blog Hit

Elites Seek Control Over Rising Cashless Society

BY Red Baron

The terrorists in the federal government are continuing their push to implement a cashless economic enslavement system. According to a legislative notice from the U.S. Senate, a new Housing Bill (HR 3221) contains a provision that will require nearly every online credit card transaction to be reported directly to the Internal Revenue Service. The insanity of this is obvious and it is nothing more than a way to give the government a means to track and trace as many private transactions as humanly possible. Previously, Visa’s CEO has stated that it is their goal to establish a cashless society by the year 2012. As technology increases, a greater number of businesses are accepting credit card payments. It wasn’t too long ago that fast food restaurants wouldn’t accept anything but cash for payment, now almost all of them accept credit cards. We are also starting to see biometrics utilized as a way to facilitate transactions. The bottom line is that there is an agenda at play to setup a cashless system that will allow the elite to take total control over the global economy. These people want to eliminate privacy in mutual exchanges and this is another step in doing just that.

07/25/2008
Elites Seek Control Over Rising Cashless Society
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Blog Hit

Elites Seek Control Over Rising Cashless Society

BY Lee Rogers

The terrorists in the federal government are continuing their push to implement a cashless economic enslavement system. According to a legislative notice from the U.S. Senate, a new Housing Bill (HR 3221) contains a provision that will require nearly every online credit card transaction to be reported directly to the Internal Revenue Service. The insanity of this is obvious and it is nothing more than a way to give the government a means to track and trace as many private transactions as humanly possible. Previously, Visa’s CEO has stated that it is their goal to establish a cashless society by the year 2012. As technology increases, a greater number of businesses are accepting credit card payments. It wasn’t too long ago that fast food restaurants wouldn’t accept anything but cash for payment, now almost all of them accept credit cards. We are also starting to see biometrics utilized as a way to facilitate transactions. The bottom line is that there is an agenda at play to setup a cashless system that will allow the elite to take total control over the global economy. These people want to eliminate privacy in mutual exchanges and this is another step in doing just that.

07/25/2008

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