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SCOTUS Repeal - June 2015

SCOTUS Repeal - June 2015

Do what Justice Roberts failed to do:
END OBAMACARE!

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Volcker Questions Fed Actions on Bear Stearns
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Blog

Volcker Questions Fed Actions on Bear Stearns

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Former Federal Reserve Chairman Paul Volcker was deeply critical (in fed-speak terms) of the Fed's intervention in the Bear Stearns matter in a speech today, as reported by Bloomberg.

04/08/2008
Would a UBS Split Expose U.S. Taxpayers to Losses?
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Blog

Would a UBS Split Expose U.S. Taxpayers to Losses?

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Switzerland's largest bank, UBS, is also a primary dealer with access to the Federal Reserve's emergency lending window. We don't know if UBS is actually using the Fed's credit line, because that is kept secret.

04/08/2008
Will Democrat candidates talk about retirement crisis?
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Blog

Will Democrat candidates talk about retirement crisis?

As the Democrat candidates for president spend more time in Pennsylvania these next couple of weeks, it will be interesting to see what they spend their time talking about. So far, the campaign has focused quite a bit on identity politics, character, change and experience. Much of the bickering has had nothing to do with real policy questions like taxes, spending or energy.

04/07/2008
Rep. Waxman Demands Details on Bear Stearns Collateral
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Blog

Rep. Waxman Demands Details on Bear Stearns Collateral

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Congress is finally stirring on the broad new risks the Federal Reserve is taking as it intervenes to prop up financial asset prices. Rep. Henry Waxman sent a letter today to the central bank asking some good questions about the Bear Stearns deal and how $30 billion in new federal government collateral will be managed.

04/07/2008
Who is Eligible to Tap the Fed's TSLF Window?
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Blog

Who is Eligible to Tap the Fed's TSLF Window?

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Last month, the Federal Reserve announced a new lending program, the $200 billion Term Securities Lending Facility (TSLF), that reaches beyond traditional banks to lend Treasuries to major investment houses in exchange for other collateral.

04/07/2008
Support Property Tax Reform!
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Press Release

Support Property Tax Reform!

The Florida legislature is considering a 1.35% cap on property taxes in the Senate Community Affairs Committee this Wednesday, April 9th. This is an opportunity for all Floridians to get behind an important reform that will provide serious tax relief to our state.

04/07/2008
Transparency Isn't Enough
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Blog

Transparency Isn't Enough

The New York Times reports on the latest method legislators are using to mask wasteful spending -- "soft earmarks."

04/06/2008
Even More Stimulating!
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Blog

Even More Stimulating!

Read enough national op-ed columns and you'll very quickly start to recognize a pretty common strain of thought which argues that bipartisanship is a good thing.  That sounds plenty nice, and maybe there's something to be said for getting along with your political enemies.

04/06/2008
Earmark Pledge "Political Suicide"?
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Blog

Earmark Pledge "Political Suicide"?

CA-41 Democratic candidate Tim Prince stated on the phone that he couldn't sign FreedomWorks' earmark pledge because it would be "political suicide."  That's kind of surprising in light of the fact that so many other signers, who have actually made it to Congress, feel that far from "political suicide" it's good policy and good politics to take a public stand on this important issue.    In fact, many of the most successful politicians out there are ones that have made a career out of fighting earmarks and pork barrel spending - Sen. John McCain, Sen. Tom Coburn, Rep. Jeff Flake, Rep.

04/03/2008
Key Vote "No" on Mortgage Bailout Amendment
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Press Release

Key Vote "No" on Mortgage Bailout Amendment

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on Senator Dick Durbin’s amendment to the housing bill.  The bursting housing bubble and subsequent increase in subprime mortgage defaults are a concern in Congress. Unfortunately, current legislation under consideration involves significant new federal involvement in lending and housing markets. A bailout that rewards speculative or high-risk decision-making and punishes responsible decision-making is not warranted. FreedomWorks believes that the market needs to be allowed to re-price mortgage loans and property values, and the government should not exacerbate the situation with policies that create moral hazard, distort prices, and push costs onto taxpayers. The Durbin amendment goes even further, allowing judges to alter the terms of a mortgage contract in bankruptcy, potentially raising the cost of mortgages for all future borrowers. We will count your vote on this amendment as a KEY VOTE when calculating the FreedomWorks Economic Scorecard for 2008. The FreedomWorks Economic Scorecard is used to determine eligibility for the Jefferson Award, which recognizes members of Congress with voting records that support economic freedom.

04/03/2008

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