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The Christian Science Monitor has an enlightening article about the proposed Senate healthcare bill. This is the advent of Big Brother Healthcare!

As reported in the Washington Examiner:

More than ten percent of the jobs the Obama administration has claimed were "created or saved" by the $787 billion stimulus package are doubtful or imaginary, according to reports compiled from eleven major newspapers and the Associated Press.

Based only on our analysis of stimulus media coverage in the last two weeks, The Examiner has created this interactive map to document exaggerated stimulus claims. The map, which will be updated as new revelations appear, currently reflects an exaggeration by the Obama administration of about 75,000 jobs, out of the 640,000 jobs supposedly "created or saved."

The Stimulus Program has been such a failure that the government cannot even report correctly about their own claims. It is truly a bogus program creating bogus stimulus jobs.

The Global Warming Myth is beginning to be tarnished by reality. The BBC (Yes the BBC, not some right-wing think tank) published a science article last Friday reviewing the growing case against global warming. In it they pointed out the following:

the warmest year recorded globally was not in 2008 or 2007, but in 1998. . . . For the last 11 years we have not observed any increase in global temperatures.

The question we need to ask is what happened to global warming?

When I see Vaclav Klaus and Barack Obama , I see the great president of a small country and the small president of a great country.

John Stuart Mill in Chapter V of On Liberty made this argument:

The third, and most cogent reason for restricting the interference of government, is the great evil of adding unnecessarily to its power. Every function superadded to those already exercised by the government, causes its influence over hopes and fears to be more widely diffused, and converts, more and more, the active and ambitious part of the public into hangers-on of the government, or of some party which aims at becoming the government. If the roads, the railways, the banks, the insurance offices, the great joint-stock companies, the universities, and the public charities, were all of them branches of the government: if, in addition, the municipal corporations and local boards, with all that now devolves on them, became departments of the central administration; if the employés of all these different enterprises were appointed and paid by the government, and looked to the government for every rise in life; not all the freedom of the press and popular constitution of the legislature would make this or any other country free otherwise than in name. And the evil would be greater, the more efficiently and scientifically the administrative machinery was constructed—the more skilful the arrangements for obtaining the best qualified hands and heads with which to work it.


Source: On Liberty by John Stuart Mill. The Online Library of Liberty, Liberty Fund, Inc.

China has begun to retaliate in response to the tariffs on tires approved by the Obama administration.  China's comments include:

“This is a grave act of trade protectionism,” Mr Chen said in a statement. “Not only does it violate WTO rules, it contravenes commitments the United States government made at the [April] G20 financial summit.”

Just as I predicted the trade situation has worsened due to the tariffs and our economy will suffer as protectionism fails once more as it always does.  What we need is free trade now.  Just as John Maynard Keynes recommended during the Peace Conference at Versailles in 1919, and other economists from Adam Smith onward have recommended, we need free trade  - not protectionism. 

Here is the latest on the Banking "too big to fail" front:

Another handful of banks have taken the Friday powder, bringing the total number of 2009 failures to 77. Among the dead was the largest bank to go under this year. The Federal Deposit Insurance Corp. reports that Colonial BancGroup Inc. of Montgomery, Alabama has been liquidated, dying with about $25 billion in assets.  (Reason On-line 8/15/2009)

You can read more about this at Reason on-line.  In short,  the biggest banks are beyond the scope of even our bloated government's largesse.