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Ron Paul HR 1207 Update - Worth a watch.

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A Possible Explanation on Tarps Failure to Bring Liquidity

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H/T to Blacklisted News for this one.

Blood Sucking Squid Watch: Mr Paulson How Do You Have Any Credibility?

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US Tarp Bill Could Reach $24 Trillion Dollars

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Special inspector general Neil Barofsky's quarterly report to congress indicates the government has devoted $4.7 trillion to help the financial sector, an AP Story appearing on MSNBC notes.

Run Galt Run Part II - US Should Pay Other Contries Carbon Outlays for Imports

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With G8 passed and the up and coming countries of China and India saying "I don't think so" to the Carbon Prosperity Guilt System (AKA cap and trade), Gary Locke (US Commerce Secretary) has made the following statement.

Run Galt Run

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As part of the new healthcare legislation introduced in the house, there is a 5.4 % tax increase on anyone making more than 1,000,000 a year Reuters is reporting. This is to pay for an increase in spending for healthcare. This does not cover that cost, but only part of it.

Rural Air Travel Subsidies

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AP is running a story about a 40% increase in the budget (to 173 million) of the Essential Air Service. This is a subsidy geared towards making sure airlines fly unprofitable routes. It an approach that sounds right out of Atlas Shrugged it is in place to ensure that no citizen will be denied air service.

Mises Institute - Fed is Underreporting Inflation

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The Mises institute is reporting that the fed is under reporting the current money supply (M1) by a substantial amount. The reported M1 is 1.6 Trillian which would be 16% over last year.

Weekly AGW Watch and Some Recommended Reading

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Senate Dems are scrambling to secure a filibuster proof majority despite having a 60 vote majority. Most seem to think that the bill will still be shot down. Meanwhile the true cost of the cap and trade program is increasingly being written about in main stream news. Worth quoting is:

Worth a Watch: Senator Barasso Grills EPA on Serious Eco Impact of Cap and Tax

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This is a little dated (5/12) but still worth watching since it covers numerous sources citing a severe e

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