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Date Sent: 2008-12-19
Freedom's Phoenix Headline News for Friday, December 19, 2008
 
Auto Bailout Edges Closer To An 'Orderly' Bankruptcy -- Federal spending soars 25% before bailout

Tax Break May Have Helped Cause Housing Bubble -- Obama's SpyMaster -- Deep Throat dead at 95 -- When Does Safety Become Siege? -- Oil Drops $111 a Barrel in The Past 5 Months -- Brit Hunters Mistaken For Terrorists, Held For Weeks In U.S. -- Disgraceful Global Warming Propaganda -- SKorean lawmakers brawl over US free trade pact -- Ron Paul: Fear Based Bailouts Constitute Economic Terrorism -- A Message From The American People to Wall Street -- The Monetization of Hope - by Gary North -- Too Big to Fail, Too Well-Connected to Jail -- The emergency is here -- Fannie/Freddie - Get Your Loan Modification & Pay For the Rest of Your Life -- Ariz. police say they are prepared as War College warns military prep for unrest -- In Auto Bailout Talks, Paulson Takes the Wheel -- Peter Schiff on Vanishing Jobs
 
Tax Break May Have Helped Cause Housing Bubble News Link  •  Housing
 Tax Break May Have Helped Cause Housing Bubble
12-19-2008  •  NY Times 
Vernon L. Smith, a Nobel laureate and economics professor at George Mason University, has said the tax law change was responsible for “fueling the mother of all housing bubbles.”  Read Full Story
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Reported by: Powell Gammill
Deep Throat dead at 95 News Link  •  History
 Deep Throat dead at 95
12-19-2008  •  NY Times 
W. Mark Felt Sr., the associate director of the FBI during the Watergate scandal who, better known as "Deep Throat," became the most famous anonymous source in American history, died yesterday. He was 95.  Read Full Story
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Reported by: Powell Gammill
Clinton's, er ... Obama's SpyMaster News Link  •  Obama Administration
 Clinton's, er ... Obama's SpyMaster
12-19-2008  •  Washington Post 
A Naval Academy graduate who attended Oxford as a Rhodes scholar, Blair had served during the Clinton administration as a military liaison at the CIA in charge of coordinating intelligence between the spy agency and the Pentagon.  Read Full Story
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Reported by: Powell Gammill
When Does Safety Become Siege? News Link  •  Police State
 When Does Safety Become Siege?
12-18-2008  •  Daily Kos 
Earlier we learned that the 4th Amendment, according to the Supreme Court, can be ignored if the challenges of enforcing the law seem too burdensome for the Government. The Court was, for the first time, willing to allow general search warrants on Am  Read Full Story
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Reported by: Terry Bressi
Arizona Freeway Speed Camera Toppled News Link  •  Camera Fraud
 Arizona Freeway Speed Camera Toppled
12-18-2008  •  The Newspaper 
One of the dozens of the new, permanent speed cameras in use on Arizona freeways was found knocked on its side Monday on westbound Interstate 10 at 16th Street. State officials have not issued a statement whether they believe the device was disabled  Read Full Story
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Reported by: Terry Bressi
The Economic Civil War News Link  •  Economy - Economics USA
 The Economic Civil War
12-18-2008  •  Salon / Michael Lind 
The non-Southern states, through Congress, the executive branch, and enlightened Southerners, need to use the power of the federal government to put a stop to the Southern race-to-the-bottom strategy once and for all.  Read Full Story
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Reported by: Brock Lorber
Won't Somebody Think of the Children? News Link  •  Humor
 Won't Somebody Think of the Children?
12-18-2008  •  Bloody Mary Breakfast 
Santa testifies before congress, looking for his bailout. Contrary to conventional wisdom, his sleigh doesn't run on soy beans and baby farts.  Read Full Story
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Reported by: Brock Lorber
Flying Shoe-Incident: Hate Cannot Downsize Bush Who Is Larger Than Life Itself Feature Article  •  Bush Administration
 Flying Shoe-Incident: Hate Cannot Downsize Bush Who Is Larger Than Life Itself
Edwin Sumcad
   Bush-bashers are unhappy the flying shoes didn’t land on the face they hated most. Had the swing hit the bull’s eye, they would have died laughing. Because the shoes missed Bush now they are just dying to crucify him some more.
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Oil Drops $111 a Barrel in The Past 5 Months - A Fall of 75 Percent News Link  •  Energy
 Oil Drops $111 a Barrel in The Past 5 Months - A Fall of 75 Percent
12-18-08  •  Bloomberg.com 
Prices have tumbled 75 percent from a record $147.27 on July 11. Yesterday, January futures plunged $3.84, or 9.6 percent, to the lowest settlement since June 29, 2004. They touched $35.98 in intraday trading.  Read Full Story
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Reported by: Jack Gregson
Brit Hunters Mistaken For Terrorists, Held For Weeks In U.S. News Link  •  Gun Rights
 Brit Hunters Mistaken For Terrorists, Held For Weeks In U.S.
12-17-2008  •  AP 
Customs agents found two silencers....the silencers are required in England near towns and villages and are available without a permit.  Read Full Story
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Reported by: Chip Saunders
Disgraceful Global Warming Propaganda News Link  •  Environment
 Disgraceful Global Warming Propaganda
12-18-2008  •  http://www.kickthemallout.com/article.php/Video-Di 
There is no limit to the degree to which global warming alarmists will stoop to scare the living crap out of people. LISTEN. When people are resorting to this kind of blatant distortion of reality to coerce you into buying their line of crap, red f  Read Full Story
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Reported by: Jim Stachowiak
SKorean lawmakers brawl over US free trade pact News Link  •  World News
 SKorean lawmakers brawl over US free trade pact
12-18-2008  •  AP 
Brawling South Korean lawmakers tried to sledgehammer their way into a parliamentary meeting room barricaded by the ruling party as the National Assembly descended into chaos Thursday over a free trade agreement with the United States.  Read Full Story
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Reported by: Powell Gammill
Ron Paul: Fear Based Bailouts Constitute Economic Terrorism News Link  •  Bush Administration
 Ron Paul: Fear Based Bailouts Constitute Economic Terrorism
12-18-08  •  PropagandaMatrix.com 
"Governments that want to take over, undermine our liberties and gain more power always use the fear factor. They did this leading up to the war in Iraq, they do it on foreign policy, now they're doing it on monetary, economic and financial  Read Full Story
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Reported by: Jack Gregson
Analyst: First Solar Reaches Grid-Parity Milestone News Link  •  Energy
 Analyst: First Solar Reaches Grid-Parity Milestone
12/18/08  •  //seekingalpha.com/ 
First Solar (FSLR) has made it to grid parity, according to at least one analyst. A 12.6-megawatt system installed by First Solar for Sempra Generation showed that the system can produce electricity at below the price of conventional power in the  Read Full Story
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Reported by: Thomas Costanzo
A Message From The American People to Wall Street Feature Article  •  Corruption
 A Message From The American People to Wall Street
Ernest Hancock
   Back in the 1929 Financial Crash it was said that some Wall Street Stockbrokers and Bankers JUMPED....
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The Monetization of Hope News Link  •  Revolutions, Rebellions & Uprisings
 The Monetization of Hope
12-18-2008  •  Gary North for LewRockwell.com 
Political desire never comes. Political hope is never realized. But the dream never dies. And a sucker is born every minute.  Read Full Story
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Reported by: Ernest Hancock
After pitching a couple innings he came back to the boy on his own and said... News Link  •  Entertainment: Sports
 After pitching a couple innings he came back to the boy on his own and said...
12/14/2008  •  www.glennsacks.com 
I recently recalled how my daughter met teen actress Shanica Knowles, co-star of Hannah Montana, and complimented Knowles for being so gracious to her. My daughter was awed, and afterwards was furiously texting all her little friends to tell them abo  Read Full Story
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Reported by: Glenn Sacks
Too Big to Fail, Too Well-Connected to Jail: The Economic Underworld of Bankruptcy for Profit News Link  •  Conspiracies
 Too Big to Fail, Too Well-Connected to Jail: The Economic Underworld of Bankruptcy for Profit
12-18-08  •  jessescrossroadscafe.blogspot.com 
If you would like to give your children and grandchildren something worthwhile and lasting at this holiday season, then resolve to give them back the Republic that your parents and grandparents gave to you, and not give it away for some short term se  Read Full Story
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Reported by: Jack Gregson
Auto Bailout Edges Closer To An 'Orderly' Bankruptcy - Where GM Will Die News Link  •  Economy - Economics USA
 Auto Bailout Edges Closer To An 'Orderly' Bankruptcy - Where GM Will Die
12-18-08  •  CNBC.com/ 
"The president is not going to allow a disorderly collapse of the companies," White House press secretary Dana Perino said Thursday. "A disorderly collapse would be something very chaotic that is a shock to the system."  Read Full Story
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Reported by: Jack Gregson
The emergency is here News Link  •  Economy - Economics USA
 The emergency is here
12/18/2008  •  Mark Yannone 
The time to act is now. Only a fool would sit on the sidelines, hoping to be saved by the same people who brought us to the edge of oblivion. Now what?  Read Full Story
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Reported by:
Fannie/Freddie - Get Your Loan Modification & Pay For the Rest of Your Life News Link  •  Economy - Economics USA
 Fannie/Freddie - Get Your Loan Modification & Pay For the Rest of Your Life
12-17-08  •  Mrmortgage.ml-implode.com 
If widely accepted by home owners this will ruin the American consumer and make housing a dead asset class for decades. If you are in a serious negative equity position when signing these forms when most are, remember that you will:never be able to s  Read Full Story
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Reported by: Jack Gregson
Gerald Celente: Top Trends Of 2009 - The Greatest Depression coming in Feb-March News Link  •  Economy - Economics USA
 Gerald Celente: Top Trends Of 2009 - The Greatest Depression coming in Feb-March
12-18-08  •  Rense.com 
Now, in our "Top Trends of 2009," we forecast "The Collapse of '09," which in turn will spiral into the "Greatest Depression" the worst economic conditions America has ever experienced.  Read Full Story
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Reported by: Jack Gregson
Jesse Ventura: CIA Embedded in Every State Government News Link  •  Police State
 Jesse Ventura: CIA Embedded in Every State Government
12-18-08  •  AfterDowningStreet.org 
Jesse Ventura talks about his experience with the CIA while he was the Governor of Minnesota. Video  Read Full Story
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Reported by: Jack Gregson
Ariz. police say they are prepared as War College warns military prep for unrest News Link  •  Police State
 Ariz. police say they are prepared as War College warns military prep for unrest
12-18-08  •  phoenix.bizjournals.com/phoenix/ 
Northern Command spokesman Michael Kucharek and Arizona Army National Guard Major. Paul Aguirre said they are not aware of any new planning for domestic situations related to the economy.  Read Full Story
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Reported by: Jack Gregson
In Auto Bailout Talks, Paulson Takes the Wheel News Link  •  Economy - Economics USA
 In Auto Bailout Talks, Paulson Takes the Wheel
12-18-2008  •  NY Times 
In the negotiations, the Treasury secretary is effectively taking on the role of “auto czar,” which was envisioned in the bill written by the White House and Congressional Democrats but blocked by Senate Republicans.  Read Full Story
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Reported by: Brock Lorber
Chrysler Tightens Terms on Dealers News Link  •  Economy - Economics USA
 Chrysler Tightens Terms on Dealers
12-18-2008  •  Wall Street Journal 
Chrysler's financing arm recently has warned dealers it may have to temporarily stop providing loans for dealers to stock vehicles on their lots because of a wave of withdrawals from a fund used to pay off those loans.  Read Full Story
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Reported by: Brock Lorber
Credit unions expand car loan program to Chrysler News Link  •  Economy - Economics USA
 Credit unions expand car loan program to Chrysler
12-18-2008  •  CNNMoney 
The president and CEO of the Michigan Credit Union League said the program's intent is both to send the message that auto loans remain available and to prop up sales at domestic manufacturers.  Read Full Story
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Reported by: Brock Lorber
Seeking a Ford for the Future News Link  •  Economy - Economics USA
 Seeking a Ford for the Future
12-18-2008  •  WAPO / George F. Will 
The task of the proposed "car czar" -- silliness on stilts -- would be to supervise the pruning of GM's nameplates and dealerships. The most qualified person for that ill-conceived position already has a more promising job, as Ford'  Read Full Story
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Reported by: Brock Lorber
Sock and Awe - Online game where you throw shoes at President Bush News Link  •  Bush Administration
 Sock and Awe - Online game where you throw shoes at President Bush
12-17-2008  •  Sock and Awe 
(Raw Story has the background on the site)  Read Full Story
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Reported by: Ernest Hancock
Federal spending soars 25% before bailout News Link  •  Corruption
 Federal spending soars 25% before bailout
12-17-2008  •  Washington Times 
The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account  Read Full Story
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Reported by: Ernest Hancock
Oil tumbles below $40 for first time since 2004 News Link  •  Energy
 Oil tumbles below $40 for first time since 2004
12-17-2008  •  Breibart.com 
Oil prices tumbled below $40 for the first time since the summer of 2004 Wednesday despite an announcement from OPEC of a record production cut of 2.2 million barrels a day. (If no one is buying...you cut production)  Read Full Story
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Reported by: Ernest Hancock
Global Warming??? News Link  •  Weather News - Links - History
 Global Warming???
12-17-2008  •  Las Vegas Review-Journal 
A rare winter storm swept through Southern Nevada Wednesday, dumping the most snow on the valley in nearly three decades, grounding flights at the airport, forcing the closure of major highways and closing schools for today.  Read Full Story
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Reported by: Ernest Hancock
At Magazines, It's 2.0 Steps Forward, 1.0 Step Back News Link  •  Media: Internet
 At Magazines, It's 2.0 Steps Forward, 1.0 Step Back
12-17-2008  •  New York Observer 
The Web may be the future for magazine publishing, but in the present, ready revenue is winning out and Web writers are getting laid off left and right  Read Full Story
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Reported by: Ernest Hancock
Peter Schiff on Vanishing Jobs (CNN Panel Discussion) News Link  •  Economy - Economics USA
 Peter Schiff on Vanishing Jobs (CNN Panel Discussion)
12-17-2008  •  CNN 
Peter Schiff talks about vanishing jobs. Peter discusses the morality of punishing good businesses to reward bad businesses. 12-6-08  Read Full Story
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Reported by: Ernest Hancock
Peter Schiff - Crash Proof - Why The U.S. Economy Will Collapse News Link  •  Economy - Economics USA
 Peter Schiff - Crash Proof - Why The U.S. Economy Will Collapse
12-17-2008  •  Peter Schiff 
Peter is a follower of the Austrian School of economics  Read Full Story
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Reported by: Ernest Hancock
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