News for 07/08/09

Posted on July 8, 2009. Filed under: Enemies of The State, General Info | Tags: , , , , , , , , , , , , , , , , , |

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Barney Frank: Let’s spend TARP profits before taxpayers can get them by Byron York at the Washington Examiner
The chairman of the House Financial Services Committee, has come up with a proposal to spend any TARP profits before they can be returned to the taxpayers. Frank introduced the “TARP for Main Street Act,” a bill that would take profits from the program and immediately redirect them toward housing proposals favored by Frank and some fellow Democrats. Last month, the General Accountability Office (GAO) reported that, through June 12, 2009, the government had received $6.2 billion in dividend payments. The original TARP legislation required that money made from the program “shall be paid into the general fund of the Treasury for reduction of the public debt.” Frank, however, wants to spend the money before it can be used to pay down anything…..

ACORN’s “Muscle for Money” does the bidding of SEIU By Kevin Mooney at the Washington Examiner
Corporate and political officials who defy workplace and community organizers risk being made objects of scorn by bright red-clad protestors in public and private, courtesy of an activist union and its close allies in the nation’s most controversial liberal non-profit advocacy group. It’s officially called the “Muscle for Money” program within the Service Employees International Union (SEIU) where it was started, and unofficially by the same name among activists of Association of Community Organizers for Reform Now (ACORN). Muscle for Money includes multiple techniques for creating highly aggressive, organized efforts both to pressure businesses and officials to support the activists’ agenda or to discredit and intimidate opponents of their agenda, according to present and former ACORN members.

Obama Adviser Says U.S. Should Mull Second Stimulus By Shamim Adam at Bloomberg….
July 7 (Bloomberg) — The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President.

The Demise of Newspapers is a Relative Observation by Matt Welch at Reason (Re:RUMOR”S OF ANOTHER BAILOUT RECIPIENT)…
In the year of their widely reported death, American newspapers were still making money like oil companies (averaging 12-15%). Which is a relevant observation to consider before we re-think the First Amendment, re-write copyright law to favor newspapers over citizens, dole out corporate subsidies and targeted tax breaks, launch a journalisim stimulus, mimic the European model, sic the FTC on the problem, let John Kerry anywhere near the levers of legislation, or any of the scores of other damn-fool ideas we’ve seen floated this year alone. Follow up article at The Minority Report…
When they, as gatekeepers to the news, find themselves becoming irrelevant, the natural inclination of their kind is to look to government to reinstate their relevance. They see the Fifth Estate as a co-equal branch of the government — and a government paycheck would cement that perception in the minds of the public. That would not be a good thing for our Republic, or for those who still hold some reverence for the United States Constitution.

Judicial Sleight of Hand By Brittany Fortier of AIM…
Judge David Hamilton of the Southern District of Indiana, who has been nominated by the Obama administration to serve on the Seventh Circuit Court of Appeals, proposes to bring an even more activist approach to the federal judiciary. For example, in A Woman’s Choice v. Newman, Hamilton issued an injunction against an Indiana law requiring abortion clinics to give women information about alternatives to abortion and requiring an 18-hour waiting period before obtaining an abortion, Sen. James Inhofe, R-Okla., points out. He called Hamilton’s ruling “questionable,” while the Seventh Circuit characterized Hamilton’s ruling as “an abuse of discretion.” In Hinrichs v. Bosma, in which the Judge enjoined the Chaplain of Indiana’s House of Representatives from invoking the name of Jesus Christ during prayers offered at official proceedings but later decreed that invoking the name of Allah was nonsectarian, Sen. Inhofe added. Inhofe described this ruling as “extremely naive and dangerous.” According to the American Center for Law and Justice (ACLJ), “Despite an American Bar Association (ABA) rating of ‘not qualified,’ Hamilton was confirmed to the U.S. District Court for the Southern District of Indiana by the Senate on October 7, 1994.” ACLJ notes that the ABA changed their rating of Hamilton to “well qualified” more recently when Hamilton was nominated to the Seventh Circuit.

Gallup sees more Americans moving right By Mark Tapscott at Washington Examiner…
Gallup is out today with a new survey showing more Americans are moving to the Right politically than to the Left, including people in all three major groups, Republicans, Independents and Democrats. “Despite the results of the 2008 presidential election, Americans, by a 2-to-1 margin, say their political views in recent years have become more conservative rather than more liberal, 39% to 18%, with 42% saying they have not changed. While independents and Democrats most often say their views haven’t changed, more members of all three major partisan groups indicate that their views have shifted to the right rather than to the left, ” the polling organization said in a special report released earlier today.The latest Gallup results also come soon after the organization reported that 40 percent of Americans now identify themselves as conservatives, the highest level since 2004. In a masterful piece of understatement, the unnamed author of the Gallup announcement of its specia report results offered this observation:The latest data also strongly suggest not only that the election results of 2006 and 2008 should be read as a stunning rejection of current Republican office-holders and spokesmen, but also that Democrats are wrong to read into those results a mandate for liberal change.

States, Employers Advance with E-Verify While Feds Continue to Obstruct Program at Fair US…
While states and employers steadily increase their use of E-Verify — the federal program that allows employers to verify the work eligibility of their new hires — the Obama Administration and congressional leadership appear to be undermining the popular and effective program.


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