Free Republic

In response to the housing crisis, the American Housing Rescue and Foreclosure Prevention Act of 2008 (H.R. 3221) passed in the House (272-152) on July 23 and in the Senate (72-13) on July 26. This legislation added another new agency to the goliath federal bureaucracy, the Federal Housing Finance Agency (FHFA), to oversee and regulate three Government Sponsored Enterprises (GSEs): Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. The new FHFA is required to consult the Federal Reserve before issuing any regulations, orders, or guidelines concerning GSEs through 2009. Thus the Federal Reserve’s power has been enhanced...

A modern society such as that in the United States requires personal transportation — cargo trucks, planes, and cars — to make a market economy work. Any serious effort to move our country to mass transportation, such as trains and buses, for everyone and everything all the time — or even most of the time — would destroy not only our economy, but the American way of life. To provide our personal transportation for the foreseeable future, the United States needs oil or an oil substitute. Electric vehicles, the proposed solution by many for America’s transportation problems, have serious drawbacks...

One day in December of 2005, Colleen Nestler came to Santa Fe County District Court in New Mexico with a bizarre seven-page typed statement and requested a domestic-abuse restraining order against late-night TV host David Letterman. She stated, under oath, that Letterman seriously abused her by causing her bankruptcy, mental cruelty, and sleep deprivation since 1994. Nestler also alleged that he sent her secret signals “in code words” through his television program for many years and that he “responded to my thoughts of love” by expressing that he wanted to marry her. Judge Daniel Sanchez issued a restraining order against...

Its name somewhat anachronistically means "assembly of old men." George Washington famously -- and, it must now be admitted, with excessive optimism -- characterized it as an institutional saucer intended to cool legislation passed in the intemperate heat of the moment. Its members demand, with entirely unwarranted self-approval, to be called, collectively, the World's Greatest Deliberative Body. Sober observers understand it to be the most corrupt legislative assembly in human history. To those characterizations of the United States Senate we must now add another, perhaps the final one: Gravedigger of the republic. With the Senate's passage of the Fannie Mae/Freddie...

In June 2000 global-warming prophesier Ross Gelbspan lamented, “Over the last seven years, the fossil-fuel lobby has mounted an extremely effective campaign of disinformation to persuade the public and policymakers that the issue of atmospheric warming is still stuck in the limbo of scientific uncertainty. That campaign for the longest time targeted the science. It then misrepresented the economics. And most recently it attacked the diplomatic foundations of the climate convention. And it has been extraordinarily successful in creating a relentless drumbeat of doubt in the public mind.” A lot has changed since then. In the past seven years, forecasters...

On March 13 the Oklahoma House passed House Joint Resolution 1089, sponsored by Rep. Charles Key and Sen. Randy Brogdon, “claiming sovereignty under the Tenth Amendment to the Constitution of the United States over certain powers,” by an overwhelming vote of 92 to 3. Opponents of the measure in the Senate managed to keep it from being debated and voted on before this year’s legislative session ended. The rest of the nation took little notice of the Oklahoma House’s affirmation of the Tenth Amendment at the time. However, suddenly in mid-June news of the vote on HJR1089 went viral. Google...

The Netherlands was for centuries one of Europe’s wealthiest economies. During the 17th century, the country arguably had freest economy of that era, and it is one of the birthplaces of the modern free-market system. That legacy was not abandoned until the 1960s, but there are now encouraging signs that the Netherlands has begun returning to its roots, though admittedly the still-socialistic country has a long way to go. Such is the case with its universal healthcare system, where the latest reforms are occurring.

A nuclear power plant is arguably the most extraordinary product of engineering and scientific know-how in the history of mankind. Once every 18 months or so, a truckload of metal is delivered to the nuclear plant. The metal is uranium, which has been processed to increase the proportion of the isotope known as Uranium-235. This fuel for the power plant is not dangerous and can be held in one’s hands without risk. Only a few decades ago, its primary use was to impart an orange color to ceramics such as Fiestaware.

In 1943, when Germany had virtually no sources of petroleum to fuel its Luftwaffe, U-boats, and Tiger tanks, its scientists (arguably among the best in the world at that time) didn’t turn to solar and wind power. Evil does not equate to naïveté. Hitler’s technical advisers turned to another energy source to keep their Wehrmacht running steadily for several years without petroleum. They used the Fischer-Tropsch process to convert coal into diesel fuel and employed the Bergius hydrogenation (or liquefaction) process to convert coal into aviation gasoline and high-quality truck and automobile gasoline.

Coal in Your Car’s Tank by Ed Hiserodt In 1943, when Germany had virtually no sources of petroleum to fuel its Luftwaffe, U-boats, and Tiger tanks, its scientists (arguably among the best in the world at that time) didn’t turn to solar and wind power. Evil does not equate to naïveté. Hitler’s technical advisers turned to another energy source to keep their Wehrmacht running steadily for several years without petroleum. They used the Fischer-Tropsch process to convert coal into diesel fuel and employed the Bergius hydrogenation (or liquefaction) process to convert coal into aviation gasoline and high-quality truck and automobile...

MONTGOMERY The state Senate may have been locked down for most of the year, but it did find time to endorse a widely discredited urban legend spread by the John Birch Society. The upper chamber passed a joint resolution April 10 sponsored by state Sen. Rusty Glover, R-Semmes, claiming that Canada, Mexico and the United States are moving toward a "North American Union" and working on construction of a "NAFTA Superhighway" to link the countries and report edly destroy their sovereignty. "It's about retaining independence," said John McManus, the president of the John Birch Society, in a phone interview Mon...

In recent weeks the thundering Ron Paul freight train has kind of derailed. Even though Paul announced that he was ending his campaign on March 8, his supporters are apparently convinced that he's still a viable candidate, despite his repeated public statements that they should move on and try to do some good working within the GOP. Nonetheless, many of them are pushing for a final surge and a surprise (and entirely delusional) victory at the GOP convention this summer. Admittedly, Paul is still making a lot of speeches and pushing his agenda, so maybe that's contributing to their confusion,...

Several Oklahoma legislators are concerned that individuals and organizations are quietly working on plans to create a privately-operated tollway in Oklahoma. Many referred to Spain-based Cintra, which has been involved in the development of a proposed Trans-Texas Corridor. Cintra also took over the operation of the Indiana East-West Toll Road from the Indiana Department of Transportation in 2006. Oklahoma State Sen. Randy Brogdon and state representatives Eric Proctor, Richard Morrisette, Scott Inman and Charles Key all expressed concern that efforts to open up Oklahoma to a privately operated tollway system were being kept out of the view of the general...

Instead of worrying about climate change, we should be worrying about economic change, because government imposed prices, i.e., taxes and tariffs on carbon are going to make everything even more expensive. Naturally, it will be Americans who will bear the brung of the increased expenses. ARTICLE SYNOPSIS: Inflation of the money supply is making everything more expensive and carbon taxes and tariffs are going to make matters worse. COMMENTARY: The Federal Reserve has been dumping cash into the economy just as fast as possible, and more is on the way. On March 28, the central bank announced that it would...

In the early months of l962, there was restiveness in certain political quarters of the Right. The concern was primarily the growing strength of the Soviet Union, and the reiteration by its leaders of their designs on the free world. Some of the actors keenly concerned felt that Senator Barry Goldwater of Arizona was a natural leader in the days ahead. But it seemed inconceivable that an anti-establishment gadfly like Goldwater could be nominated as the spokesman-head of a political party. And it was embarrassing that the only political organization in town that dared suggest this radical proposal—the GOP’s nominating...

In a message to supporters sent just before 11 p.m. Friday night, Representative Ron Paul, a long-shot G.O.P. candidate from Texas, basically conceded that he’s not going to win the party’s nomination. That said, he’s scaling back his campaign — but not entirely. He said: With Romney gone, the chances of a brokered convention are nearly zero. But that does not affect my determination to fight on, in every caucus and primary remaining, and at the convention for our ideas, with just as many delegates as I can get. But with so many primaries and caucuses now over, we do...

“China will be the world’s next great nation,” declared investment and commodities guru Jim Rogers in his 2004 bestseller, Hot Commodities. The 20th century, he noted, “was the American century. The twenty-first will belong to China.” Rogers went on: Here’s how important I think China will be: My daughter, who was born in 2003, is learning Chinese. Her Chinese nanny speaks only Mandarin to her, and I suspect that she might learn Chinese before she learns English. In her lifetime, Chinese will be the most important language in the world, next to English. If you are young and ambitious,...

Apparently, America's greatest patriot was on Loonwaffle/Trooferville's favorite radio show today with the King Nutbar himself, although I'm not sure if anyone grabbed audio. If you want to listen to the rebroadcast stream, go here. I don't feel like it. Have fun.

More than 600 people came out Tuesday afternoon for a rally held by presidential hopeful Ron Paul. Paul, the Texas representative who's gaining attention for his online and grassroots support, spoke to the crowd about ending the war in Iraq, limiting government regulation and gaining economic stability. "We don't need to sacrifice," Paul said, drawing applause from the audience. "What we need is freedom to make our own decisions."

State field director predicts second, even first in Iowa It seems like when we're young, we like to break a few rules.  Staying out a little too late, sneaking a drink before that official legal age, or backing a candidate who's outside the established mold (YEEEEEAH!) Several of those dynamics were on display Saturday at Olive Court, a notoriously wild tailgate spot three blocks from Iowa City's Kinnick Stadium.  It was here, just a year ago, that John Kerry was infamously photographed with a beer bong.  And into the anarchy marched the Ron Paul revolution. Ron Paul wasn't imbibing...