President Obama pushes ratification of gun trafficking treaty, housing market continues to crash-new home starts down 11% and foreclosures jumping 17%, Senate to call panel to investigate illegal NSA domestic spying, Obama unveils plan to spend another $13 billion and build high speed trains (it’s a down payment), Democrats attack Texas Gov. Perry over secession comments at tea party, Freedom Watch sues dictator Hugo Chavez for acts of terrorism and human rights violations, and a bit of good news: mystery donors give $45 million to universities…
Obama Pushes Ratification Of Gun Trafficking Treaty. President Obama is pressing the Senate to ratify an arms treaty intended to curb the flow of guns and ammunition to drug cartels. The treaty seeks to establish a system for import, export, and transfer of firearms, as well as bolstering cooperation between law enforcement agencies investigating illegal trafficking.
Housing Market Continues to Crash. A drop in new home construction and an increase in the foreclosure rate both signal that housing has far to go before stabilizing. New home starts fell 10.8% and the number of foreclosure notices jumped 17% in just the last month.
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Sen. Feinstein Calls For Panel To Investigate Illegal NSA Wiretaps. Sen. Diane Feinstein (D-CA), who heads the Senate intelligence committee, said she will hold a hearing to examine the National Security Agency’s (NSAs) interception of domestic communications. This comes after new Justice Department reports that wiretapping went beyond what Congress had authorized. The NSA has been systemically collecting e-mail and telephone call records on Americans without having first obtained court warrants. Sen. Feinstein says the hearing will take place within a month.
Obama Unveils Plan To Build High-Speed Trains. President Obama unveiled an ambitious new plan for developing high-speed passenger rail lines in at least 10 regions. The American Recovery and Reinvestment Act-the $787 billion stimulus plan-allots $8 billion for this project. An additional $1 billion will be requested in the President’s budget over the next five years. President Obama states that these funds will “jump start” the projects, but it is not clear how much this will all cost when complete.
Obama’s at it again-spending tens of billions on investments he thinks will make America better off in the long run. Whether or not these government “investments” pay off, trillions of dollars of resource are being transferred throughout the economy. Read my book, Obamanomics: How To Invest Over the Next Administration to learn how to make government policy work for you!
Democrats Attack Gov. Perry Over Secession Comments. Democrats are furious over comments made by Texas governor Rick Perry following a Tea Party in Austin on Wednesday. Perry suggested that at some point Texans might get so fed up that they would want to leave the union. Rep. Jim Dunnam (D-TX) said that some people associate talk of secession with racial division and the Civil War. “Talk of secession is an attack on our country. It can be nothing else. It is the ultimate anti-American statement.” House Democrats are proposing a resolution expressing “complete and total disagreement with any fringe element advocating the secession of Texas or any other state from our one and indivisible Union.”
U.S. Group Sues Venezuelan Dicatator Hugo Chavez. Freedom Watch, a nonprofit group is suing Venezuelan President Hugo Chavez over acts of terrorism and human rights violations. This includes conspiring with Columbian guerrillas, Al Qaeda, and the Taliban.
Mystery Donors Give $45 Million to Universities. During the past few weeks at least eight universities have received gifts totaling nearly $45 million. The schools had to promise not to try to find out the giver’s identity. It is not clear whether the gifts came from an individual or organization.
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