Financial News Update – 07/18/2010

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Scott Brown: Bill critics are uninformed; listening to conservative talkers ‘not dealing in facts’ (Hat Tip: Jean Stoner)

Biden Blames GOP for “Undersized” Stimulus But Obama Said It Was Just the “Right Size” (Video)

Regulators shut banks in Fla, Mich, SC (Hat Tip: Nancy Jacques)

Changing Stance, Administration Now Defends Insurance Mandate as a Tax (Hat Tip: Brian B.)

The IRS’s vast new ObamaCare powers. (Hat Tip: Jean Stoner)

DOCTORS ORDERS – 8 more in Congress sign on for Obamacare repeal (Hat Tip: Jean Stoner)

$8 gas – if you can find it (Hat Tip: Jean Stoner)

If America is to survive as the land of the free, it is imperative that the current leadership in Washington be removed and replaced with people who believe in the principles of limited government, free markets, private property, and individual freedom. Two years of leadership by the Obama-Reid-Pelosi trinity demonstrates contempt for these principles. The only reward worthy of their service is early and absolute retirement.

Timothy Geithner’s realm grows with passage of financial regulatory reform (Hat Tip: Jean Stoner)

Month Late Social Security/Medicare Trustees Report Means Obama is Hiding Very Bad Insolvency News (Hat Tip: Nancy Jacques)

Paul Craig Roberts on Glass-Steagall, Free Trade and the Dangers of an Evolving ‘Oligarchy of Private Interests’

Where is Idaho’s liberal Congressman; 8 more in Congress sign on for Obamacare repeal ‘Pulled out by the roots’ plan now has support from 133

OBAMA APPROVAL DROPS TO 43%… Most Americans Say Trillion Dollar Stimulus Was a Bust

The Paul Ryan Roadmap: Re-Claiming American Liberty, Freedom & Free Enterprise (Video)

Mort Zuckerman: Obama’s Economic Policies Cause An Economic Katrina

Obama Continues to Lie About Jobs; Says “I Expect to Be Held Accountable” (Video)

Obama Slams Republicans For Not Allowing Him to Increase Deficit

Perfect: Campaign of Guy in Charge of Stimulus Accounting Fined $219,000 for ‘Sloppy Bookkeeping’


Dow ‘May Crash to 7,500’



Small firms canceling coverage

Obama slams Republicans for obstructing economic progress

Fire in the night sky as two oil pipelines explode


World at Risk of Folding in on Itself: Deputy Doom

Regulators on Friday shut down three banks in Florida, two in South Carolina and one in Michigan, bringing to 96 the number of U.S. banks to fail this year

What is the U.S. Dollar Index?

Canada ponders pulling the plug on the penny.

Man tries to pay tax with 200,000 pennies

$20 Million Spent On Stimulus Signs?

Higher Education Funds Buys Gold Over Economic Worries

The US Economy is a Dead Horse and the American People are Starting to Get Really P*ssed Off and Frustrated

1.65 Million Properties Received Foreclosure Notices First Half of 2010

More is Spent on Jobless in US, But Benefits Near End

Fed Grows Increasingly Worried About Recovery

Fears Grow as Millions Lose Jobless Benefits

22 Statistics that Prove that Middle Class America is Being Systematically Wiped Out of Existence

Sticking It To Small Business

Gold and Silver Rise versus Falling Dollar as Chinese “Take Refuge” in Precious Metals; World Faces Shortage of “Safe Assets”

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