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Date Sent: 2008-04-08
Freedom's Phoenix Headline News for Wednesday, April 9, 2008
 
Fed: Severe U.S. downturn possible, prices worrying -- Secret U.S. plan for military future in Iraq

Ron Paul Not Endorsing Bob Barr,... or anyone else! - by Ernest Hancock -- Petraeus asks for more time before setting troop withdrawal date -- Citigroup, Wells Fargo Downgraded -- Fed prints another $50 billion in bailout -- We have a tiger by the tail - by Gary North -- Credit crisis could cost nearly $1 trillion -- Volcker Says Fed's Bear Loan Questionable Legality -- Greenspan: U.S. in recession, need taxpayer bailout -- Iran installing 6,000 new centrifuges -- Best Censors of Last Year -- Millions wasted or defrauded on gov't credit cards -- Why You Should Nominate Mary Ruwart - by Melinda Pillsbury-Foster -- Remember John McCain? - by Dick Morris and Eileen McGann -- MISH: Case for an "L" Shaped Recession -- Pending Home Sales Hit New Low -- FBI eavesdrops on IMs, emails and cell phones -- Paul backers nab delegates -- Onward the Revolution! - by Patrick J. Buchanan -- The Emerging Surveillance State - by Ron Paul -- Now!... as in Not later - by Ernest Hancock Ira Chernus on the Scott Horton Show at Antiwar Radio
 

Ron Paul Not Endorsing Bob Barr,... or anyone else! Feature Article  •  Eugenics
Ron Paul Not Endorsing Bob Barr,... or anyone else!
Ernest Hancock
   Ron Paul is still running for President of the United States, collecting convention delegates and going to the Republican National Convention in September. Why would Dr. Paul endorse a 3rd party candidate that endorses the Flat Tax he opposes?
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Petraeus asks for more time before setting troop withdrawal date News Link  •  WAR: About that War
Petraeus asks for more time before setting troop withdrawal date
4-8-2008  •  McClatchy News 
7 months after telling Congress that he would offer a plan for reducing the troop presence, the general instead recommended a halt in troop withdrawals after roughly 30,000 "surge" troops leave this summer, followed by at least 45 days to c  Read Full Story
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Reported by: Powell Gammill
Senate housing bill wins key test vote News Link  •  Economy - Economics USA
Senate housing bill wins key test vote
4-8-2008  •  Reuters 
The U.S. Senate voted overwhelmingly to proceed on a bill tackling the nation's housing market crisis with a range of tax breaks for corporations and some help for homeowners.  Read Full Story
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Reported by: Powell Gammill
Citigroup, Wells Fargo May Loan Less After Downgrades News Link  •  Economy - Economics USA
Citigroup, Wells Fargo May Loan Less After Downgrades
4-8-2008  •  Bloomberg 
Bank holding companies including Citigroup, Bank of America and Wells Fargo have the thinnest safety cushion against losses. May erode further in coming weeks. Falling below a benchmark intended to protect depositors against losses  Read Full Story
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Reported by: Powell Gammill
Fed prints another $50 billion in bailout News Link  •  Federal Reserve
Fed prints another $50 billion in bailout
4-8-2008  •  AP 
The Federal Reserve, still working to combat the effects of a severe credit squeeze, said it had auctioned another $50 billion to cash-strapped banks. The Fed auction marked the ninth in a series that began in December that pumped $310 billion in sho  Read Full Story
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Reported by: Powell Gammill
We have a tiger by the tail - by Gary North News Link  •  Federal Reserve
We have a tiger by the tail - by Gary North
4-9-08  •  LewRockwell.com 
The government and the FED have worked together to create this crisis. They will work together to cover up the effects of prior policies. This will lead to even greater crises.  Read Full Story
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Reported by:
U.S. blames Iran, Syria and Hezbollah for violence in Iraq News Link  •  Iran
U.S. blames Iran, Syria and Hezbollah for violence in Iraq
4-09-08  •  Wiredispatch.com 
The top two U.S. officials in Iraq accused Iran, Syria and Lebanon's Hezbollah Tuesday of fueling recent fighting in Baghdad, saying Tehran and Damascus were pursuing a "Lebanization strategy" in Iraq.  Read Full Story
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Reported by:
Credit crisis could cost nearly $1 trillion, IMF predicts News Link  •  Economy - Economics USA
Credit crisis could cost nearly $1 trillion, IMF predicts
4-8-2008  •  Bloomberg 
The International Monetary Fund said financial losses stemming from the US mortgage crisis might approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis. Falling US house prices and rising delinquencies may  Read Full Story
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Reported by: Powell Gammill
Volcker Says Fed's Bear Loan Stretches Legal Power News Link  •  Economy - Economics USA
Volcker Says Fed's Bear Loan Stretches Legal Power
4-8-2008  •  Bloomberg 
Former Federal Reserve Chairman Paul Volcker questioned the central bank's decision to rescue Bear Stearns Cos. with a $29 billion loan, saying it was at "the very edge'' of its legal authority. [wow]  Read Full Story
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Reported by: Powell Gammill
Greenspan on CNBC: U.S. in recession, need taxpayer bailout News Link  •  Economy - Economics USA
Greenspan on CNBC: U.S. in recession, need taxpayer bailout
4-8-2008  •  Reuters 
Former Federal Reserve Chairman Alan Greenspan said the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under.  Read Full Story
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Reported by: Powell Gammill
Iran installing 6,000 new centrifuges at Natanz News Link  •  Iran
Iran installing 6,000 new centrifuges at Natanz
4-8-08  •  news.bbc.co.uk 
Iran is already thought to have some 3,000 centrifuges - which are used to enrich uranium - at its Natanz plant.  Read Full Story
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Reported by:
Fed: Severe U.S. downturn possible, prices worrying News Link  •  Economy - Economics USA
Fed: Severe U.S. downturn possible, prices worrying
4-8-2008  •  Reuters 
Members of the U.S. Federal Reserve's policy-setting committee worried at their most recent meeting that housing and financial market stress could trigger a nasty slide in the economy, even as inflation pushed higher.  Read Full Story
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Reported by: Powell Gammill
THE 2008 JEFFERSON MUZZLES: Who were the Best Censors of Last Year? News Link  •  Communications
THE 2008 JEFFERSON MUZZLES: Who were the Best Censors of Last Year?
4-8-2008  •  Thomas Jefferson Center 
Toping the seventeenth annual list of the country’s most egregious and ridiculous censors is The Federal Communications Commission (earning only the 2nd "Lifetime" Muzzle ever awarded) for its inconsistent and unpredictable standards for de  Read Full Story
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Reported by: Powell Gammill
 GAO: Millions wasted or defrauded on gov't credit cards News Link  •  Corruption
GAO: Millions wasted or defrauded on gov't credit cards
4-8-2008  •  AP 
Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say. [What's new?]  Read Full Story
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Reported by: Powell Gammill
Why You Should  Nominate Mary Ruwart Feature Article  •  Politics: Libertarian Campaigns
Why You Should Nominate Mary Ruwart
Melinda Pillsbury-foster
   Never has it been more possible for us to elect a Libertarian President. But only if it is the right candidate.
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Secret U.S. plan for military future in Iraq News Link  •  Bush Administration
Secret U.S. plan for military future in Iraq
4-8-08  •  Guardian.co.uk 
A confidential draft agreement covering the future of US forces in Iraq, passed to the Guardian, shows that provision is being made for an open-ended military presence in the country.  Read Full Story
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Reported by:
Ahmadinejad: U.S. used Sept. 11 as 'pretext' for invasions News Link  •  Bush Administration
Ahmadinejad: U.S. used Sept. 11 as 'pretext' for invasions
4-8-08  •  Rawstory.com 
He also asked how it was possible that advanced radar and intelligence systems did not detect the planes before they hit the towers of the World Trade Centre in New York.   Read Full Story
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Reported by:
10 min. TV Interview with Christine Smith (LP Pres. Candidate)
News Link  •  Eugenics
10 min. TV Interview with Christine Smith (LP Pres. Candidate)
03-08-2008  •  Paid for by Christine Smith for President 
Smith interviewed, April 4, 2008, on the Missouri Viewpoints TV program with host Mike Ferguson. (Video courtesy of Missouri Viewpoints.)   Read Full Story
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Reported by: Christine Smith
Opinion  •  Scott Horton Show at Antiwar Radio
Ira Chernus on the Scott Horton Show at Antiwar Radio
Mark Jokel
  
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Remember John McCain?<br>by Dick Morris and Eileen McGann News Link  •  Eugenics
Remember John McCain?
by Dick Morris and Eileen McGann

4-8-2008  •  Townhall 
He's the guy who was running for president before all the national attention shifted to Obama and Clinton. Now, McCain seems to be only an afterthought, at best, or an anachronism, at worst. He has got to get back into the game  Read Full Story
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Reported by: Powell Gammill
Missing Reagan: Bakers Dozen of Ronald Reagan Quotes News Link  •  History
Missing Reagan: Bakers Dozen of Ronald Reagan Quotes
04-08-2008  •  RidesAPaleHorse 
“The most terrifying words in the English language are: I’m from the government and I’m here to help.’” Do you miss this guy? I know I sure as hell do.  Read Full Story
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Reported by: Randy Ricochet
NYC Mayor Loses Big on Traffic Toll Fee Plan News Link  •  Transportation
NYC Mayor Loses Big on Traffic Toll Fee Plan
4-8-2008  •  AP 
US Transportation Sec. Mary Peters said the administration hoped congestion pricing in New York could serve as a model for other cities nationwide. Charging drivers fees in congested city centers is a concept that has gained popularity around the wor  Read Full Story
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Reported by: Powell Gammill
Case for an News Link  •  Economy - Economics USA
Case for an "L" Shaped Recession
4-8-08  •  Michael Shedlock / Mish 
What's not debatable is what will happen if $1 trillion is written off. And that is the other "D" word: "deflation". A $1 trillion debt writeoff can hardly mean anything else. Furthermore, a $1 trillion writeoff will affect a  Read Full Story
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Reported by:
Vegas: Foreclosures, short sales, bring big drop in prices News Link  •  Economy - Economics USA
Vegas: Foreclosures, short sales, bring big drop in prices
4-8-08  •  Las Vegas Review Journal.com 
More than half of Las Vegas home sales in March were foreclosures or short sales, the president of Greater Las Vegas Association of Realtors said Monday.   Read Full Story
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Reported by:
Pending Home Sales Hit New Low News Link  •  Economy - Economics USA
Pending Home Sales Hit New Low
4-8-08  •  biz.Yahoo.com.ap 
The National Association of Realtors' seasonally adjusted index of pending sales for existing homes fell to 84.6 from January's upwardly revised reading of 86.2. The index stood at 107.6 in February 2007.  Read Full Story
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Reported by:
Documents prove FBI eavesdrops on IMs, emails and cell phones News Link  •  Police State
Documents prove FBI eavesdrops on IMs, emails and cell phones
4-8-08  •  Rawstory.com 
Documents show the FBI has obtained the private records of Americans' Internet service providers, financial institutions and telephone companies, for the military, according to more than 1,000 Pentagon documents....  Read Full Story
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Reported by:
Paul backers manage to nab delegates News Link  •  Eugenics
Paul backers manage to nab delegates
4-8-2008  •  Star Tribune 
In Minnesota and elsewhere, their tactics raised eyebrows, but they're hoping to earn him stage time at the GOP national convention. [good quotes]  Read Full Story
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Reported by: Powell Gammill
Onward the Revolution!<br>by Patrick J. Buchanan News Link  •  Eugenics
Onward the Revolution!
by Patrick J. Buchanan

4-8-2008  •  Human Events 
Having cheerfully confessed he knows little about economics, John McCain is advancing himself as a foreign-policy president, a "realistic idealist." Judging from the content of his speech, McCain is no more a realist than he is reflective  Read Full Story
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Reported by: Powell Gammill
The Emerging Surveillance State - by Ron Paul News Link  •  Police State
The Emerging Surveillance State - by Ron Paul
4-8-08  •  Antiwar.com 
In communist East Germany , one in every 100 citizens was an informer for the dreaded secret police, the Stasi. They either volunteered or were compelled by their government to spy...  Read Full Story
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Reported by:
Now!... as in Not later Feature Article  •  Politics: Libertarian Campaigns
Now!... as in Not later
Ernest Hancock
   Plain and simple. I can't imagine how you could convince the ultimate judge (the general public) that the “Party of Principle” isn't being fraudulent with this blatant misrepresentation.
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