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OBAMA PLANS FOR NEW BANKING REGULATIONS... DEVELOPING...

Beware! That folding knife in your pocket may turn you into a criminal if the Obama administration gets its way. Although there has been a lot of fear and speculation that the new administration wants to take your guns, the most pressing threat now is actually to your pocket knives. With the changing of the guard at U.S. Customs, that agency has now embarked on redefining "switchblades" under federal law to include a wide variety of one hand opening knives that never were intended to be prohibited. In fact, many of the knives U.S. Customs now seek to prohibit under...

Cavuto just had a guest conservative to discuss Obama's Universal Healthcare. According to Fox, Obama is about to unveil a new employees' tax -- approximately 25% -- on all health insurance provided by an employer, to help pay for universal care. The estimate discussed is an additional $ 59 billion in new taxes this year, for an estimated $1 trillion in new taxes to fund Obamacare by 2019. The next guest -- a Liberal -- is now screaming at Cavuto that Obama's plan will be 'wonderful." Cavuto replies that no one knows what the healthcare plan will be -- there...

The federal government mistakenly made public a 266-page report, its pages marked “highly confidential,” that gives detailed information about hundreds of the nation’s civilian nuclear sites and programs, including maps showing the precise locations of stockpiles of fuel for nuclear weapons. The publication of the document was revealed Monday in an on-line newsletter devoted to issues of federal secrecy. That publicity set off a debate among nuclear experts about what dangers, if any, the disclosures posed. It also prompted a flurry of investigations in Washington into why the document was made public. On Tuesday evening, after inquiries from The New...

POLITICO (Washington) -- If Congress were to take a vote on a health reform bill today, Democrats and Republicans would find a surprising level of agreement — so much so that the broad outlines of a consensus plan already are taking shape. Sick or healthy, rich or poor, all Americans would be guaranteed access to health insurance. In fact, they'd probably be required to purchase it — perhaps through mandates in the law that would include stiff tax penalties for anyone who tried to opt out snip

(CNSNews.com) – Experts say the virtual takeover of General Motors by the U.S. government will negatively affect consumers and may ultimately drive buyers to boycott purchasing GM vehicles. The Obama administration has decided to infuse an additional $30 billion to the $20 billion already invested in an effort to revamp the troubled automaker. "I am absolutely confident that if (it is) well-managed, a new GM will emerge that can . . . out-compete automakers around the world and that can once again be an integral part of America's economic future," Obama said Monday. GM filed for bankruptcy Monday, as the...

Growing up as a teenager in the 1950s, I could not wait to get my license to drive and I liked the sporty look of the British MG. These days I drive a Volkswagen. In that short tale can be found the seeds of the end of the American auto industry. Here’s some history. In 1952, the merger of several British auto companies resulted in the British Motor Corporation. It was the largest of its day with 39% of British output. Despite established dealerships for the various models, a series of poor management decisions resulted in the loss of market...

<p>Congressman McCotter was interviewed this morning on FOX regarding the GM pre-programmed bankruptcy. I was interested that learn that GM car manufacturing will be moved to China, where impressive vehicles like Le Car! will be made and then shipped-back to the US for purchase by reluctant consumers. McCotter noted that not only is this bankruptcy a gift to the UAW, but also a victory for the EnviroNazis who will at last force Americans to buy the small, dangerous, lawnmowers-with-4- seats they have demanded for years.</p>

Despite recent assurances that the Fairness Doctrine is a dead issue to the point of White House press secretary, Robert Gibbs, along with reporters laughing off a question about its possible return, it will probably be coming back repackaged in a more odious form as localism according to a Broadcasting & Cable article by John Eggerton: Acting FCC Chairman Michael Copps may have wished to drive a stake deep into the Fairness Doctrine issue. However, his recent comments on the subject have only helped keep it alive and kicking.In a speech two weeks ago, Copps said the doctrine was long...

Amidst the anti-market frenzy in Washington, D.C., President Obama today signed into law a bill that will drive up interest rates on credit cards and force people with good credit to pay more to subsidize people with bad credit. The bill, which extends a big, fat middle finger to credit card companies by limiting their ability to price their products according to risk, swept through Congress this week at breakneck speed. According to Edward L. Yingling, CEO of the American Bankers Association, provisions in the legisation "will undermine the availability of credit." Credit cards are "a strong economic driver and...

The Tuesday headline was clear: "Obama's new rules will transform U.S. auto fleet." The Associated Press picked it up from there: "Some soccer moms will have to give up hulking SUVs. Nearly everybody else will drive smaller cars, and more of them will run on electricity. The higher mileage and emissions standards set by the Obama administration on Tuesday, which begin to take effect in 2012 and are to be achieved by 2016, will transform the American car and truck fleet. "The new rules would bring new cars and trucks sold in the United States to an average of 35.5...

My name is George C. Joseph. I am the sole owner of Sunshine Dodge-Isuzu, a family owned and operated business in Melbourne, Florida. My family bought and paid for this automobile franchise 35 years ago in 1974. I am the second generation to manage this business. We currently employ 50+ people and before the economic slowdown we employed over 70 local people. We are active in the community and the local chamber of commerce. We deal with several dozen local vendors on a day to day basis and many more during a month. All depend on our business for part...

The Senate Finance Committee today is hearing proposals on how to pay for President Obama's proposed universal health care plan, which is expected to cost more than $1 trillion. Among the proposals, as Consumer Affairs reports: A three-cent tax on sodas as well as other sugary drinks, including energy and sports drinks like Gatorade. Diet sodas would be exempt. "While many factors promote weight gain, soft drinks are the only food or beverage that has been shown to increase the risk of overweight and obesity, which, in turn, increase the risk of diabetes, stroke, and many other health problems," Michael...

WASHINGTON — The White House has ordered a complete outside review of NASA's manned space program, including plans to return astronauts to the moon. Officials want a report from an independent panel by August. White House science adviser John Holdren said Thursday that the new panel will look at the design of new spacecraft to replace the space shuttle and go to the moon, as well as consider possible alternatives to the current design. In a letter to NASA, Holdren wrote that because of the magnitude of the manned space program's ambitions and its expense, "it would be only prudent...

Demand weak at 30-year bond auction * Stocks, bonds fall after auction * Rising yields risk higher rates throughout economy (Recasts, adds quotes) By Burton Frierson NEW YORK, May 7 (Reuters) - A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy. The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. An extended trend of rising yields could force up longer-term interest rates throughout the economy. It...

They have been vilified on message boards and called greedy speculators, criminals and vultures. President Obama says he "does not stand with them." They have received death threats. They're the hedge funds opposed to the Chrysler reorganization, who desperately tried to keep their identities secret to all but the federal bankruptcy court judge overseeing the case. But the judge, Arthur Gonzalez, isn't buying it. Tuesday, he ruled that the group had until 10 a.m. Wednesday to reveal their identities. The group, which describes itself as the group of creditors that did not have to take federal bailout money under the...

Though President Obama and this democrat controlled congress have all but nearly created a filibuster proof, totalitarian rule with Arlen Specter going democrat and Pee Wee Herman number 2, Al Franken looking like he will come on board, the junior high antics, assaults, name calling and bullying continues in Technicolor. Obama is on a roll to transform the U.S. into a highly controlled, socialist, communist regime. He already through the guise and game plan of “bailout” rescue packages, seized control of the banking industry, much of the auto industry, has drastically changed and manipulated the health care industry and plans...

When the new administration took over Washington and our smiling, community activist, leader took the oath of office, the chuckles began as we witnessed the most expensive inauguration in US history and the start of the transformation of America. I giggled -- initially. This idol-worshipped man with absolutely no background or experience became our new President. I laughed at how America had been taken for a ride. When the President embarrassed America with his lame gift to the British Prime Minister, it was so sad it was funny. I giggled under my breath. When the One could not convey any...

As Congress prepares to vote on a budget that would include a procedural tool allowing Democrats to effectively shutout Republicans and pass sweeping health-care reform, Senate Majority Leader Harry Reid today extended an olive branch across the aisle. "Make no mistake -- we are determined to reform health care this year." Reid said in a letter to Republican Leader Mitch McConnell. "Our strong preference is to do so by working alongside you and your caucus." Congress on Wednesday is expected to pass its budget, which will include a procedure measure known as "reconciliation" allowing Democrats to pass health-care legislation with...