Archive for July 14th, 2009

Supporters of a case that disputes the legitimacy of Barack Obama’s presidency claimed a small victory today when U.S. District Judge David O. Carter told them to fix their paperwork and that he would listen to “the merits” of their case. But others present for the hearing Monday at the federal courthouse in Santa Ana stressed that the case remains a long way from ever getting a full airing in court and may never get to that point.

The case, Alan Keyes, et al. v Barack H. Obama, et al. was filed on Inauguration Day and is one of a raft of suits alleging Obama is ineligible to be president because he is not a “natural born citizen.” Such claims have fared badly in court to date. In December, for example, the Supreme Court dismissed without comment a case challenging Obama’s right to take the oath of office. Read the rest of this entry

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By John Griffing

When the US President is openly being compared to Miikhail Gorbachev, it’s time to reevaluate national policy toward historic enemies. Russia may now have a parliament, an elected President, and a free-market economy, but its global aspirations remain the same. President Obama’s response in the face of Russia’s saber rattling is to offer unilateral strategic concessions.

Let’s review recent events:

o Russia invades Georgia with no compelling American response.

o Russia threatens nuclear war with Poland due to the inclusion of Poland in the new US missile defense shield. Read the rest of this entry

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By William Tate

Goldman Sachs, the Wall Street leviathan that is heavily invested in the cap-and-trade carbon market scam, has admitted it has developed and used software that can manipulate such financial markets.

The revelation came during proceedings in a legal case with enough plot twists to make even John Grisham proud; it was made, not by Goldman, but by an assistant U.S. Attorney.

“(B)ecause of the way this software interfaces with the various markets and exchanges, the bank has raised a possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Joseph Facciponti told a federal magistrate in an unusual Saturday afternoon bail hearing — and not just any Saturday afternoon, but the Fourth of July. Read the rest of this entry

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Annual Budget Gap Passed Benchmark in June, Dimming Outlook for Economic Recovery and Appetite for Big-Ticket Policies


WASHINGTON — The U.S. federal budget deficit broke through the $1 trillion mark in June, potentially complicating the Obama administration’s efforts to revive the economy and enact its longer-term policy agenda.

The U.S. Treasury Department on Monday said the government’s annual deficit reached almost $1.1 trillion by the end of June, a once-unthinkable level that could threaten any nascent economic recovery by undermining the dollar and driving up interest rates. Read the rest of this entry

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