There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States the greatest power in the world, and the freest nation on earth.This, combined with weak leadership both at home and abroad against the backdrop of tremendous economic uncertainty in an increasingly dangerous world, has contributed to a spectacular political collapse for a president once thought to be invincible. America at its core remains a deeply conservative nation, which cherishes its traditions and founding principles. President Obama is increasingly out of step with the American people, by advancing policies that undermine the United States as a global power, while undercutting America’s deep-seated love for freedom.
Regulation
Rewriting Fannie Mae History – WSJ.com
So when Mr. Raines says that “the cause of the financial problems for Fannie and Freddie was bad decisions, not their government sponsored status,” well, let’s just say he’s not telling the whole story.
» What MSM Won’t Tell You: Doctors Are Challenging Government Health Care-and the AMA – Big Government
Scherz and the other board members want Docs 4 patient Care to grow into what the AMA should have been. This means more than defeating ObamaCare. The group is non-partisan and anxious to work with all those who want to hear from Docs 4 Patient Care on the dangers of state-run medicine. With chapters recently up and running in several states, he sees growth ahead. That is likely discouraging news for the status quo world of Washington, D.C., but an inspiration for other Americans who see what their government is doing and want to offer an alternative.
Momentum builds toward possible end of this U.S. agency
I think I’m in favor of this. Any reduction in the secrecy and power of the Fed is a good thing. Just not sure if it will expose just how many amateur academics are sitting on that committee and tank the dollar even more in that light. I’m ashamed of them. Really poor decisions by congress in the past.
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.
It’s Now or Never on Nationalized Health Care – HUMAN EVENTS
One of the most basic precepts of medicine is that you cannot effectively treat the problem until you get the diagnosis right. Yet Democrats have terribly misdiagnosed the disease in American health care. As with nearly everything, they have decided the problem in our health care delivery system is a shortage of government intervention.
via It’s Now or Never on Nationalized Health Care – HUMAN EVENTS.
A Government Failure, Not a Market Failure – WSJ.com
This was a market failure, we are told, and the promise of capitalism has always been that the self-correcting mechanisms built into the system would preclude the possibility of a systemic market failure.
But the housing bubble only burst after government subsidies pushed house prices up so fast that marginal buyers could no longer afford to chase prices even higher. A bubble created by rigged financial markets and a government-sponsored obsession with home ownership is not a result of market failure, but rather, a result of bad public policy. The belief that home ownership, per se, is such a benefit that no amount of government support could be too great and no pace at which home prices rise could be too fast is the root of the crisis.
There was no market failure.
Get Ready for Inflation and Higher Interest Rates – WSJ.com
It’s difficult to estimate the magnitude of the inflationary and interest-rate consequences of the Fed’s actions because, frankly, we haven’t ever seen anything like this in the U.S. To date what’s happened is potentially far more inflationary than were the monetary policies of the 1970s, when the prime interest rate peaked at 21.5% and inflation peaked in the low double digits. Gold prices went from $35 per ounce to $850 per ounce, and the dollar collapsed on the foreign exchanges. It wasn’t a pretty picture.
via Get Ready for Inflation and Higher Interest Rates – WSJ.com.
Henry Waxman’s Climate Bill Imposes Environmental Regulations on the Entire Economy – WSJ.com
Seriously, blood starts to spurt out my eyes when I read this stuff. These people make me sick.
Henry Waxman’s Climate Bill Imposes Environmental Regulations on the Entire Economy – WSJ.com.
FOXNews.com – Exclusive: Frank Talk from Barney’s Foe – Greta Van Susteren | On The Record With Greta
This is a great interview with the Harvard law student who dared ask Barney Frank how he might be responsible for the Fannie/Freddie fiasco.