The Freedom Factory

Sen. Rockefeller proposes bill that would give government sweeping powers to control, monitor, and regulate the Internet, ACLU demands public schools stop blocking gay web sites on public computers, Rep. Jane Harman calls incriminating NSA wiretap “abuse of power,” National Service legislation signed into law that will cost $6 billion over 5 years by hiring “paid volunteers,” government will need to issue $2.4 trillion in new Treasury securities in 2009 to meet budget shortfalls and bailout program requirements, and U.S. to give another $5.5 billion to automakers… Continue Reading

Nationwide anti-tax protests staged for April 15th tax day-rumors abound that leftist group ACORN intends to crash events, Obama administration readying to disclose results of bank stress tests, revisions to No Child Left Behind on the Obama agenda-prepare to see pervasive federal mandates in education, FDIC helps banks raise $300 billion through unregulated channels, Congress looks set to let D.C. school voucher program expire next year-Big Brother not prepared to let parents choose how to educate their own children, Spanish study casts skepticism on economic value of government creating green jobs… 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

Bankers compelled to cooperate with government, Obama narrows goals in Afghanistan-ends “nation building” activities, expect more taxpayer handouts to automakers, and Secretary of State Hillary Clinton visits Mexico to pledge U.S. support for War on Drugs…just the latest in your Freedom Under Fire Report! 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

Senate planning another half trillion dollar bailout, tough times but that doesn’t stop the American consumer, unemployment up to 8.1%…or is it 19%? Germany refuses to play bailout game, says it’s best for automaker to go bankrupt, 7,000 Mexican troops deployed to border to fight drug war, Army Captain steals $690K from government,  hedge fund sees inflation as next step of crisis…just the latest in your Freedom Under Fire Report! Continue Reading

Will Washington D.C. have new legislative rep? Top technical trader says now is the time to buy stocks, Fed Chief vows to flood economy with dollars, U.S. plans to give away $900 million to Gaza, home price index declines sharply, lobbyists want more bailouts, combat troops exiting Iraq in 2010, scientists often confuse fact with opinion, and this is not your father’s country anymore…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:

Senate Advances Bill to create Seat in House for Washington. The Senate advanced a proposal to give residents of Washington, D.C., a voting member of the U.S. House of Representatives. This motion went forward with a 62-34 vote, which would also give Utah a fourth representative. President Obama was co-sponsor of this measure while acting as Illinois Senator. Critics cite the heavy leaning Democrat base in Washington as reason for Democrats pushing for the measure. Another seat in the House would further tip the voting balance in their favor.

Top Technical Trader Predicts Near Term Rally for Stocks. Elliot Wave International Inc.’s Robert Prechter, who advised shorting U.S. stocks three months before the bear market began, is recommending investors end that bet and buy stocks. He warned of a “sharp and scary” rebound for anyone still wagering on a retreat. “This is an environment of escalating financial chaos. Our main job is to keep the money we have. If we exit [close short positions] now, we will do that.”

Bernanke Vows to Use Every Tool to Stem Financial Crisis. Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee today that he is “committed to using all available tools” to stem the financial crisis and unfreeze credit markets. You can expect a good deal of money printing to accompany this statement. Buy gold.

U.S. Plans to Give Away $900 million to Rebuild Gaza. The U.S. plans to offer more than $900 million to help rebuild Gaza after Israel’s invasion. The funds are supposed to be diverted to the U.S.-backed Palestinian Authority, circumvented from Hamas, which currently controls Gaza. Senator Clinton intends to announce this give-away at a conference in Egypt next week, but the measure still needs to pass Congressional vote.

Home Price Index Shows Sharp Declines at end of Year. The Case-Shiller home price index measured an 18.5% year-over-year decline in December of last year for 20 major metropolitan areas. Housing prices dropped 2.5% from November to December. The real estate crisis is not behind us just yet.

Lobbyists Press for Billions more Added to Bailouts. The government faced mounting pressure on Monday to put billions more in some of the nation’s biggest banks, two of the biggest automakers, and the biggest insurance company, despite the billions is has already committed to rescuing them. Upwards of $200 billion have already been committed to AIG, Citigroup, General Motors, and Chrysler, but combined these companies, alone, are requesting tens of billions more.

U.S. Combat Troops Evacuating Iraq mid-2010. President Obama intends to remove all combat troops from Iraq by August, 2010. An estimated 30,000 to 50,000 soldiers will remain in the country to advise and train Iraqi security forces and to protect U.S. interests.

Scientists Confuse Opinion with Fact in Politics. Dr. Pielke, a professor in the University of Colorado’s environmental studies program, discusses his book “The Honest Broker.” The premise is that most scientists are fundamentally mistaken about their role in political debates. Dr. Pielke says they jeopardize their credibility while impeding solutions to problems like global warming. “Too often,” Dr. Pielke says, “they [scientists] pose as impartial experts pointing politicians to the only option that makes scientific sense. To boster their case, they’re prone to exaggerate their expertise (like enumerating the catastrophes that would occur if tehir policies aren’t adopted), while denigrating their political opponents as ‘unqualified’ or ‘unscientific’.” The policy areas cited as examples in his book are global warming, and issues related to population growth.

This is Not Your Father’s Country Anymore: Buckle Up for “Shared Sacrifice”. CNN correspondent Jack Cafferty laments on the changes he has seen in America throughout his life. He cites that the national debt is fast approaching $12 trillion, with just the interst payment reaching $500 billion a year. On top of this Cafferty adds the “tens of trillions in unfunded liabilities” for Medicare and Social Security, with trillions more debt coming down the line with the myriad bailout measures. With such a long history of bad policy, bad government management, the only eventuality is to prepare for a “shared sacrifice” in dealing with lower lifestyle expectations. Why would productive, intelligent young folks accept a “sacrifice” forced upon them by the bad decisions of previous generations? The reality is that those you most want to stay in this country will likely find cause to leave.

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.

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: Continue Reading