The Freedom Factory

Obama continues Bush policy of surveillance secrecy despite campaign promises, tax protests spark conservative insurgency online, submit video footage of your tax woes to CNN and you might be aired nationally, Fed historian and political economist predicts worse inflation than 1970s, consider real estate as an inflation hedge, municipal bond market shows signs of life, older workers 45 years and older face brunt of recession, and flood of government debt crowds out private economy… 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

China launching massive domestic stimulus, details on the $275 billion homeowner bailout, landmark Supreme Court ruling for drug makers, Chavez declares war on opposition media and nationalizes a U.S.-based company, lawmakers defend 9,000 earmarks including “swine odor research”, and a Russian economist predicts civil war in U.S. in 2009…just the latest in your Freedom Under Fire Report! Continue Reading

$634 billion for Socialized health care, $410 for new omnibus spending bill, $1.5 million for work on grapes and wine, government virtually takes over student loan securities market, State Dept. officially reprimands China for human rights violations…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:

Obama Wants $634 billion for Socialized Health Care. President Obama is calling on Congress to appropriate $634 billion for a health care “reserve fund” aimed at reforming the system and providing care for 46 million Americans who are currently not insured.

Obama Wants Higher Taxes on Wealthy to Pay for Health Care. President Obama intends to propose additional tax increases on the affluent to pay for his promise to make health care more accessible and affordable. This will be done by calling for stricter limits on the benefits of itemized deductions taken by the wealthiest households. Also in the mix to fund health care, are proceeds from carbon cap-and-trade permits businesses must buy when they exceed pollution thresholds.

House Passes New spending Bill, Another $410 billion. The House of Representatives passed a $410 billion omnibus spending bill packed with pet projects requested by both Democrats and Republicans. This comes a week after President Obama signed a $787 billion spending bill to “fix” the economy. Spending on domestic programs increased 8% for the current fiscal year, with critics pointing to myriad pork lines totalling $8 billion for more than 8,500 projects. These include such ridiculous items as $1.7 million for a honey bee lab in Texas, $346,000 for research on apple fire blight in Michigan and New York, and $1.5 million for work on grapes and grape products, including wine. Can this get any more ridiculous?

U.S. Government Virtually Takes Over Student Loan Market. The federal government has quietly increased funding in the student loan market to such a large degree that many wonder if there still remains a role for private investors. The U.S. government has committed hundreds of billions to purchase loans directly and make additional guarantees in the secondary market for student debt instruments.

State Department Accuses China of Human Rights Abuses. The U.S. State Department issued a report on the state of human rights around the world, which singled out China for numerous violations. It accused China of stepping up “severe cultural and religious repression” of minorities, as well as increasing its detention and harrassment of dissidents. Ironically, this comes just after Secretary of State Hillary Clinton told China that these issues would take back burner to pressing economic relationships, including a call for the Chinese to continue buying U.S. Treasury securities.