The Freedom Factory

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… Continue Reading

There are two colossal events occurring in the world right now: Private credit and wealth is being destroyed, and in its place a good deal of money is being created. Much is taking place behind the scenes, driving this epic showdown between natural forces pushing for a return to sustainable equilibrium pitted against the full arsenal of man’s capability to resist.  Just as the fog of war can obscure a battlefield until the end, the outcome of this struggle is far from clear. Nonetheless, there are some telling events to note, signs for which to watch, and consequences to mull. Continue Reading

Big Brother set to take over pre-Kindergarten education, John Stossel points out consequences of government education, $5 billion bailout unrolled for auto suppliers, government hiring Wall Street analysts caught in financial crisis, economists predict deflation will cause mortgage rates will drop to 4.2% by end of year, and Big Brother’s favorite life insurers set to receive bailouts… Continue Reading

We are moving closer towards a political economy every day. Every dollar borrowed, taxed, printed, and spent by government really comes from the private sector.  Trillions of dollars of national resources are being allocated by politicians and bureaucrats towards things they claim will benefit our economy. Congress just passed a $3.6 trillion budget ($1.2 trillion in deficit), and combined the Federal Reserve and Treasury have dumped $13 trillion into the economy in the last 16 months. What we must all ask ourselves right now is whether or not we trust government with our money? Continue Reading

Congress wants to impose 90% tax on Wall St. bonus recipients, Fed will no longer raid legal marijuana dispensaries, auto parts suppliers to receive $5 billion in aid, Mexican drug cartels thriving in U.S., and the Federal Reserve creates $1.2 trillion in new money…just the latest in your Freedom Under Fire Report! Continue Reading

With the increase in the number of foreclosures an increasing number of the borrowers are turning to loan modification programs. Working with your lender, loan modification can prevent foreclosure and also help you in save some cash. Continue Reading

The age of banking secrecy coming to an end, climate scientist warns that billions will die, U.S. trade deficit contracts along with trade, Russians steal yet another foreign company’s assets, Mexican drug lord makes Forbes’ billionaires list, road to nowhere to take 26 years and $1.5 billion, California considers legalizing marijuana…just the latest in your Freedom Under Fire report! Continue Reading

China “worried” about U.S. Treasury holdings, California Congresswoman implicated in bank scandal, U.S. loses $11.1 trillion in household net worth, Mexican drug cartels have assassins in U.S., Texas governor rejects $555 million in stimulus money, Obama dispatches warships to Chinese waters…just the latest in your Freedom Under Fire Report! Continue Reading

Obama plans massive federal incursion into education, banks want to return bailout money, U.S. naval ship repelled from Chinese waters, potential change to the Constitution, yet more violence in Iraq-dozens killed by suicide bombers-are Al Quada and Baath Party uniting? Citigroup on track for best quarter since ’07-lifts markets, traffic ticket destroys woman’s life, Ron Paul says we need more earmarks, and Fed chief calls for new financial regulations-Ron Paul says to regulate the Fed…just the latest in your Freedom Under Fire Report! Continue Reading

ACORN in the news: leftist group launches campaign of lawlessness to seize foreclosed homes, mysterious bank payment of $2 million, Obama promises ACORN role in White House policy, and NY ACORN leader confronted by TV anchor. In other news, regulators inch towards bank ownership, Medicaid receives emergency $15 billion from spending bill, economists predict recovery in 2010, Biden appointed “stimulus Czar”, and poll shows Americans trust politicians more than business leaders to run economy…just the latest in your Freedom Under Fire Report!

Everyday our liberties and freedom come under fire. The American Republic once protected its citizens from arbitrary abuse, extortion, and deliberate social engineering. Now the very same public servants who were meant to work for us connive daily on how to control our lives. The Republic is gone and we are left to fend for ourselves, to put up resistance to every encroachment on individual self-determination. The Freedom Under Fire Report provides daily coverage of the most important issues, so that you remain informed and ready to defend yourself. Read on and pass this around to everyone you think could benefit:

Regulators Inch Toward Bank Nationalization. Federal regulators will launch a revamped program to “shore up the nation’s troubled banks,” including the option of increasing government ownership. Reluctant to head down the road to nationalization, regulators continue to suggest that keeping banks private in the long run is still a priority: “Because our economy functions better when financial institutions are well managed in the private sector, the strong presumption is that banks should remain in private hands.”

Medicaid to Receive $15 billion from Spending Bill. Addressing the nation’s governors, President Obama announced that $15 billion of the recently passed American Recovery and Reinvestment Act will be immediately available for Medicaid. Medicaid is a jointly underwritten program between the federal and state governments, designed to provide health coverage for the poor.

Economists Predict Recovery in 2010. A survey of leading economists forecasts a deep and painful recession through the end of 2009, at which point they see a modest recovery, followed by solid growth in 2010.

New Role for Vice President Biden: “Stimulus Czar”. Vice President Joe Biden has been appointed to oversee implementation of the $787 billion American Recovery and Reinvestment Act. Part of the spending bill will be maid immediately available this week for Medicaid programs.

Poll: People Trust Politicians More than Business Leaders to Fix Economy. According to a new poll it seems as though people have more faith in politicians to manage the economy than they do business owners and managers. 30% of those questioned have confidence in Wall Street executives to make the right decisions, while 75% believe Obama can do better. Republicans scored 53%, while Democrats in Congress scored 66%. Can lawyers and career bureaucrats really run businesses better than those who actually run businesses? This well written, witty article suggests Congress runs its business horribly. In fact, Congress manages its affairs so poorly that if it were held to the same standards to which it forces businesses, most members would be fired, or imprisoned.

Why is a Bank Paying Off a Leftist Group Attacking Banks? Bank of America forks over $2 million to ACORN Housing Corporation to “prevent foreclosures and educate people about finances and purchasing homes.” President Obama has long worked witih ACORN in his community organizing days, which explains why the majority of the Bank of America payoff is going to ACORN’s Chicago chapter.

NY ACORN Leader, Bertha Lewis, Confronted on Fox Business. Fox Business host, Stuart Varney, confronts ACORN leader about the group’s home squatting program. “Do you think that you’ve got a right to these houses? They’ve got a right to the house even though they haven’t been paying their bills?” “What right do you have to get my money to pay for you? I’ve read the Constitution and I don’t see that right.” Lewis tries several times to dodge Varney’s questions, positing parallel arguments, but Varney stops her on every occasion. Ultimately, the ACORN leader states:

“I wish we could force banks to our will, we wouldn’t have this problem.”

Obama Calls on ACORN to Shape Federal Agenda. With the recent resurgence of the radical leftist group, ACORN, which is receiving federal funding, and $2 million from Bank of America directly to the group’s chicago chapter, it raises questions as to the influence this group now holds over government. In a speech to thousands of community organizers, including ACORN, at the Heartland Democratic Presidential Forum on 12/1/07, Obama clearly sends a signal of support for the group saying:

“Before i even get inaugurated, we’re going to be calling you all in to help shape the agenda. We’re going to be having meetings all across the country with community organizations so that you have input in the agenda of the next presidency of the United States of America.”

Obama later refuted direct affiliation with ACORN, saying that his campaign does not need the group’s help. Obama could have been merely posturing to the group in the 2007 rally hoping to gain votes, but recent funding and other support for the group at least raises serious questions.