via Rewriting Fannie Mae History – WSJ.com.

And that may be why the president has been so solicitous of union demands at the expense of the economy. As the jobless rate hits 9.8%, unions have managed to persuade the president to impose tire tariffs, violate the NAFTA treaty with Mexican truck restrictions, place protectionist “Buy American” limitations on federal contracts, and ice Colombian, Panamanian and Korean free trade treaties. Stern’s union has also harassed banks that took bailouts, making one wonder if a sort of Cuban or Venezuelan revolutionary mob activity against business has the White House imprimatur.

While Stern gets what he wants from the White House, the released visitors list shows no record of huddling with U.S. Trade Representative Ron Kirk, whose trade pacts could create 600,000 jobs if ratified, according to the U.S. Chamber of Commerce.

read the rest here… Investors.com – Skewed Priorities.

Say this about the 1,018-page health-care bill that House Democrats unveiled this week and that President Obama heartily endorsed: It finally reveals at least some of the price of the reckless ambitions of our current government. With huge majorities and a President in a rush to outrun the declining popularity of his agenda, Democrats are bidding to impose an unrepealable European-style welfare state in a matter of weeks.

via A Reckless Congress – WSJ.com.

U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.

Foreclosure filings jumped to a record 1.9 million on more than 1.5 million properties in the first six months of the year, RealtyTrac said on Thursday.

The number of properties drawing filings, which include notices of default and auctions, jumped 9.0 percent from the second half of 2008 and almost 15 percent from the first half of last year.

“Despite everybody’s best efforts to date we’re not really making any headway against the problem,” Rick Sharga, senior vice president at RealtyTrac in Irvine, California, said in an interview.

via Foreclosures at record high in first half 2009 despite aid – Yahoo! News.

Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.

via DEM HEALTH RX A POI$ON PILL IN NY – New York Post.

“In a nutshell, theoretical models cannot explain what we observe in the geological record,” said oceanographer Gerald Dickens, a co-author of the study and professor of Earth science at Rice University. “There appears to be something fundamentally wrong with the way temperature and carbon are linked in climate models.”

via Rice University | News & Media.

via PRUDEN: Franken, a clown for all seasons, arrives in time – Washington Times.

In a recent Straight Talk commentary, Rep. Paul wrote, “Claims are made that auditing the Fed would compromise its independence. However, by independence, they really mean secrecy. The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves. I am happy to challenge this type of ‘independence.’”

via Momentum builds toward possible end of this U.S. agency.