Tuesday, February 16, 2010

Ron Paul is back!..........................

Once more, after being written out of the script by the newspapers and television producers, the scrappy congressman from Texas, Ron Paul is back in the mix. And big time. Sarah Palin, of all people, put him there. After turning down thousands of speaking invitations over a six month period Sarah Palin finally accepted a gig for the National Tea Party, a grass roots phenomenon that owes its life to that unstoppable old man from Texas. And then the news that she is endorsing Rand Paul, the congressman’s son, and an emerging star in the Kentucky Senate race. Who says Sarah Palin is dumb? She is tapping into the hottest political movement going...Link

Foreign demand for Teasury securities falls.

WASHINGTON (AP) -- The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion. The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits. The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009...Link