Archive for October 3rd, 2008
Ron Paul amoung 171 opposing $700 bailout bill
Texas Representative Ron Paul lived up to his nickname “The Taxpayer’s Best Friend” today by voting along with 170 other Representatives opposing the government’s latest ploy to dump $700 billion dollars of taxpayer’s money into “troubled” financial institutions. Notwithstanding principled dissention, the bill passed.
House passes $700 billion financial bailout bill
WASHINGTON (AP) – With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.
US stocks decline after bailout passage
U.S. stock markets surged early Friday, in anticipation that the House of Representatives would pass a revised financial bailout plan. But after the bill passed and President Bush signed it, prices dropped. The Dow Jones Industrial Average finished Friday down 157 points, or 1.5 percent. The NASDAQ also lost 1.5 percent, and the S&P 500 [...]
Can you hear us now? (We said NO!)
The Paulson Bailout, proposed at $700 Billion, has now grown in the Senate to $850 Billion with the addition of absolutely ridiculous “sweeteners” like free bicycles and tax breaks to wooden arrow makers! The Senate has completely lost its way.
The worthless American dollar: Part two
Last week’s column focused on recent trends in attempted economic recovery and how they cause short-term inflation. The column ended with the prediction that the wide variety of bailouts deployed by the government this year will create real inflation in excess of 20% over the next two years.
ICE arrests more than 1,700 in large gang surg
US Immigration and Customs Enforcement agents arrested nearly 300 gang members and gang associates here in the Los Angeles area over the last four months as part of a far-reaching law enforcement operation by ICE that generated more than 1,700 arrests nationwide, according to a report obtained by the National Association of Chiefs of Police.
