“Congressional Democrats warned President Barack Obama on Tuesday that he sounded too much like George W. Bush when he declared this summer that the White House can ignore legislation he thinks oversteps the Constitution,” the Associated Press reports. The AP adds, “In a letter to the president, four senior House members said they were ’surprised’ and ‘chagrined’ by Obama’s statement in June accompanying a war spending bill that he would ignore restrictions placed on aid provided to the World Bank and International Monetary Fund.”...Link
Wednesday, July 22, 2009
Bush like..........
“Congressional Democrats warned President Barack Obama on Tuesday that he sounded too much like George W. Bush when he declared this summer that the White House can ignore legislation he thinks oversteps the Constitution,” the Associated Press reports. The AP adds, “In a letter to the president, four senior House members said they were ’surprised’ and ‘chagrined’ by Obama’s statement in June accompanying a war spending bill that he would ignore restrictions placed on aid provided to the World Bank and International Monetary Fund.”...Link
Update: S 604 has 17 co-sponsors.......
Title: A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Oakland passes landmark marijuana tax.
About 80 percent of voters chose to impose the tax on Oakland's medical marijuana facilities, according to the Alameda County Registrar of Voters. Some celebrated the news at Oaksterdam University by hand-rolling large marijuana cigarettes or stuffing cannabis into pipes. The school trains students for work in the medical marijuana industry...Link
Bernanke Fights Audit Threat To The Fed.
WASHINGTON -- Federal Reserve Chairman Ben Bernanke faced a grilling in Congress on Tuesday about the role of the Fed, and spoke out strongly against a legislative proposal to audit the central bank. Speaking to the House Financial Services Committee, Bernanke tempered optimism that the economy is improving, noting that, "despite these positive signs, the rate of job loss remains high and the unemployment rate has continued its steep rise." He added the Fed expects inflation to remain subdued over the next two years...Link
TARP funds........
Ohio Democratic Congressman Dennis Kucinich wants to know: “If [the Troubled Asset Relief Program] isn’t about keeping people in their homes or providing credit to businesses, what is it for?” Expressing his frustration before the Government and Oversight Committee, the two-time presidential candidate suggested that the Federal Reserve may be paying banks to hoard money and avoid making loans...Link
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