June 2009

Ryan Gilroy's picture
By Ryan Gilroy at 3:49PM

California's Reality Check

It was roughly 30 years ago that Gerald Ford told New York his famous two word response for when they asked for a bailout of New York City:  DROP DEAD.

Might Obama say the same thing to California?  The state's spendthrift government has in its favor the power wielded by the Californian Speaker of the House and Chairman of the House Energy and Commerce Committee, the latter of whom was a major cosponsor of the Cap and Trade bill.

Whether or not Obama would take Ford's line may shortly be seen: Politico reports that California is hoping to use TARP funds for a one time fix for the state to deal with its massive $24 Billion deficit.


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Bonnie Kristian's picture
By Bonnie Kristian at 3:05PM
Jared Fuller's picture
By Jared Fuller at 2:57PM

More Anti-War than Ron Paul?

NC Republican Congressman Walter Jones has been, more or less, left off the table for discussion amongst fellow Republicans in the country; however, why has the liberty movement not rallied behind the message of non-interventionism portrayed by good ol' "Freedom Fries" Jones? He is, truly, amongst the most staunch opponents of foreign war and the r3VOLution could certainly use another Republican on our side on this issue of not only economic importance, but also of pure intrinsic human value.

In a recent interview with Adam Kokesh, Congressman Jones talks about his transformation from voting for the Iraq war, to voting against every piece of war-funding legislation since.

Your work, Congressman Jones, will no longer go unnoticed.


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Robert Bentley's picture
By Robert Bentley at 2:57PM

Call Barney Frank!

It was 26 years ago that Ron Paul first introduced a bill to audit the Federal Reserve, and back then it only had 18 co-sponsors. The bill eventually died in committee, and never came to the house floor. Now it is 2009, and in February Ron Paul introduced the same type of bill, H.R. 1207, and in 4 months it has reached 245 co-sponsors.

Congress -- Republicans very much included -- have discounted Ron Paul as a Congressman that just votes no on everything. While he does vote no on most legislation, he has been a tireless worker for freedom and liberty in Congress.

This new bill to audit the Fed is proof that Paul knows what he is talking about: He is one of the few in Congress who understand the monetary system in the United States, and every time he questions the Fed chairman, you can see how uncomfortable he makes Bernanke.

You would think with over 245 co-sponsors, or a majority of the House, that the bill would be making its way through the Congress. But Fox News reports otherwise:

Unfortunately for Paul, the bill appears to be idling in the House Financial Services Committee, which is chaired by Barney Frank, D-Mass. The bill has been sitting there, gathering co-sponsors, since Paul introduced it in late February.

Why is Barney Frank sitting on this legislation that has huge support by the members? Is there something he doesn't want us to know?

I suggest everyone start emailing and call Barney Frank's office and demand a hearing on this bill, H.R. 1207. I would then demand that it be sent out of committee and put up to a full vote by the House. The American people deserve to know how their money is being spent by monetary thugs.

Barney Frank
2252 Rayburn Building
Washington, DC 20515

tel: (202) 225-5931
fax: (202) 225-0182
http://www.house.gov/frank/


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Justin Wood's picture
By Justin Wood at 11:21AM

Celebrate National Sovereignty Day!

It's a wonderful day to be an Iraqi, according to a Reuters article released today:

Iraq regained full control of its towns and cities on Tuesday, declaring the day a national holiday for Iraqis to celebrate the withdrawal of U.S. troops, six years after invading to topple Saddam Hussein.

In honor of US Troops leaving, today has been named "National Sovereignty Day."  But there is a small catch:

By midnight on Tuesday, all U.S. combat units must have left Iraq's urban centers and redeployed to rural bases, according to a bilateral security pact that requires all U.S. troops except for trainers and advisers to leave Iraq by the end of 2011.

Looks like the United State wont be leaving completely yet. All in good time.

Times Online also covered the story here.


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Robert Bentley's picture
By Robert Bentley at 1:33AM

Supreme Court to Reconsider McCain-Feingold

In a surprising move, the U.S. Supreme Court will reconsider the McCain-Feingold Campaign Finance Reform law. This is a rather promising sign for freedom and could suggest an overturn by the court. From Politico:

In a sign that the Supreme Court is seriously considering overturning one of the underpinnings of modern campaign finance rules, Chief Justice John Roberts on Monday announced that justices would rehear a case challenging restrictions on corporate-funded campaign ads. The result of the argument, which is scheduled for September 9, could reshape the way American political campaigns are waged on the precipice of the 2010 midterm and the 2012 presidential elections.

This is a good sign for lovers of liberty. This bill tampers with the rights of people to participate in the political process by capping the amount of money one can give a political candidate.  Political speech is protected by the First Amendment and the McCain-Feingold law suffocates that speech. We will be flowing this very closely.


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Bonnie Kristian's picture
By Bonnie Kristian at 12:29AM

"Freedom and democracy" for Iran but not Honduras? It sounds like Ron Paul was right...again.

As the sole dissenting vote in a resolution condemning the Iranian government, Ron Paul recently argued that it is hypocritical to condemn one oppressive government if we do not do the same for all.  Not surprisingly, that has kind of already happened:

The contested election in Iran received widespread attention from both the traditional US media and new media sources including blogs and micro-blogs such as Twitter. Americans wishing to show solidarity with the Iranian people tinted their Twitter avatars green and also wore the trademark color of resistance. The media told us this was all part of a new digital form of solidarity. And yet this solidarity movement starts and stops with this specific Iranian election. There was no such media-led solidarity movement during the 2003 contested election in Azerbaijan or Egypt's contested 2006 election. Likewise, there is no solidarity movement in the US media for the people of Honduras where President Manuel Zelaya has just been ousted during a military coup. The media has not aggressively pursued this story despite the fact that the US is highly influential in Honduras, and the coup was led by General Romeo Vasquez, who is himself a graduate of the US Army School of the Americas. Independent journalist Jeremy Scahill reports that the School of America graduates "maintain ties to the US military as they climb the military career ladders in their respective countries."
There is little media interest in the Honduras story even though it seems the US government had advanced knowledge of the coup.

The bit about the School of the Americas (SOA) is particularly important: the SOA is a U.S. government-run training facility for members of South American militaries.  Its graduates have been widely implicated in massacres, assassinations, and the establishment of brutal dictatorships.  The situation in Honduras seems to be more of the same, and despite a situation which is every bit as severe as the one in Iran and arguably caused by the United States because of the role of the SOA, has recieved little attention from the media, Congress, or the Obama administration.  Attention from our government is probably not a good thing, of course, but its lack at least highlights our utter hypocrisy. Read more here.


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Elliot Engstrom's picture
By Elliot Engstrom at 11:46PM

This is nothing new...

Faith in government spending has existed for much longer than any of us has been alive.  However, so has the resistance to it.  In 1946, Henry Hazlitt was already warning the world of the dangers of government spending, based on the arguments of still others who came before.  In his book Economics in One Lesson, he writes:

There is no more persistent and influential faith in the world today than the faith in government spending. Everywhere government spending is presented as a panacea for all our economic ills. Is private industry partially stagnant? We can fix it all by government spending. Is there unemployment? That is obviously due to “insufficient private purchasing power.” The remedy is just as obvious. All that is necessary is for the government to spend enough to make up the “deficiency”...

Read the entire chapter on government spending via taxes here.  The entire book, here available for FREE, later deals with such issues as massive government borrowing and the printing of money to fund such public works.


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Preston Mui's picture
By Preston Mui at 10:08PM

Amazon Fights Back Against N.C. Tax Scheme

In response to a proposed tax plan likely to pass the N.C. Legislature in the next few days, Amazon is ending its affiliate program in North Carolina.

Over the past few weeks, Seattle-based Amazon has protested legislation in North Carolina and California that would require e-commerce companies to collect sales taxes if they have marketing affiliates - people who get a sales commission from links on their own Web sites - in those states. Hawaii and Connecticut are also weighing similar laws. Amazon says efforts to force it to collect taxes based on marketing affiliate relationships are "unconstitutional" and would backfire if Amazon were to sever ties with its advertising partners.

Bravo to Amazon for protesting North Carolina's unconstitutional tax proposal. When will lawmakers realize that perverse, unfair, and unlawful tax collection schemes and economic legislation have unintended consequences that hurt more than they help? More here. Amazon's letter is here.


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Ryan Gilroy's picture
By Ryan Gilroy at 8:09PM

150 Years

Bernie Madoff has just been sentenced to the maximum possible sentence of 150 years for a crime the judge called an "extraordinary evil" which "took a staggering human toll." I find it rather ironic that they call Madoff has been jailed for a "Ponzi scheme" given that Social Security operates on basically the same principles.  Of course, government only legalizes crime for itself.


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