Free Republic

Energy Secretary Stephen Chu testified today before the House Subcommittee on Energy and Power on the department's FY2013 Budget Request. Chu was asked if he drove a Chevy Volt, a car he praised during the hearing, but claimed he didn't own a car 'at the moment'

When the mainstream media told the American people that the Federal Reserve was going to "help" the housing industry by buying up hundreds of billions of dollars worth of toxic mortgage backed securities, very few people probably even stopped to wonder where all of that money was going to come from. Well, the truth is that it did not come from anywhere. It was made up out of thin air. In fact, a total of 1.3 trillion dollars was just "printed into existence" so that the Fed could soak up these problematic securities (and help their buddies down on Wall...