Patriot Update - A Free Press for the Conservative Revolution

Politics:

Glen Beck: Smell the sulfur

Another 'faith' group is attacking Glenn - and in an odd coincidence this faith group has a mission statement that talks more about Obama's goals than the gospel. In another strange coincidence, the first link on the recommended reading page is Obama advisor and Glenn Beck boycotter Jim Wallis's site. Hmmm, who's dealing in truth?

Source: ...

Politics:

Greenspan: Congress Should Let Bush's Tax Cuts Lapse

Congress should let the George W. Bush-era tax cuts of 2001 and 2003 expire to help trim the mushrooming budget deficit, former Federal Reserve Chairman Alan Greenspan says.

Source: http://www.moneynews.com/StreetTalk/alan-Greenspan-Congress-...

Politics:

The Lawyers and Lobbyists Full Employment Act

Without spending a single dime, the Obama administration did more yesterday to create jobs for the U.S. economy than it has throughout its entire existence. With the single stroke of a pen, President Barack Obama signed the Dodd-Frank financial regulation bill that set in motion 243 new formal rule-makings by 11 different federal agencies. Each of the 243 rule-makings will employ hundreds of banking lobbyists as they try to shape what the final actual laws will look like.

Source: http://blog.heritage.org/2010/07/16/morning-bell-the-lawyers...

Politics:

Pelosi's #1 target

Nancy Pelosi has her sights set on defeating Michele Bachmann and despite the national effort by Democrats, Bachmann is still up by 9 points. The Congresswoman talks about the financial reform bill and the coming Restoring Honor Rally on 8/28 in Washington DC. Bachmann is part of a wonderful item up for bid in the Charity Auction - it's a tour of the U.S. Capitol with her and David Barton.

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Politics:

Glenn Beck: Financial bill = crap sandwich

President Obama's financial regulation bill goes before Congress today and it's expected to pass, thanks to three Republicans breaking ranks. Not shockingly, 'Republicans' Scott Brown, Olympia Snowe, and Susan Collins have aligned themselves with Democrats and with this disastrous bill that leaves unelected bureaucrats with untold amounts of power.

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Politics:

Fed Gets More Power, Responsibility .

After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.

Source: http://online.wsj.com/article/SB1000142405274870372280457536...

Politics:

Obama: Voters to decide who caused 'this mess'

President Barack Obama acknowledges that the fall elections could amount to a referendum on his stewardship of the nation's affairs. Obama tells NBC in an interview that "nobody in the White House is satisfied" with continuing high unemployment. But he also says the midterm...

Source: http://apnews.myway.com/article/20100716/D9H048980.html

Politics:

Obamas head to family weekend on Maine coast

President Barack Obama and his family are heading off Friday for the weekend to a spectacular national park on the coast of Maine, no doubt hoping this latest jaunt doesn't fall victim to the Obama family travel hex. That would be the one in which events seem to scramble the...

Source: http://apnews.myway.com/article/20100716/D9H02K2O0.html

Politics:

Congress acts, but bank bill has work ahead

In the end, it's only a beginning. The far-reaching new banking and consumer protection bill awaiting President Barack Obama's signature now shifts from the politicians to the technocrats. The legislation gives regulators latitude and time to come up with new rules, requires...

Source: http://apnews.myway.com/article/20100716/D9H04HR00.html