Newswire 1/14/2011

[The Liberty Insight Newswire is an aggregation of what we consider to be important financial and political news and commentary from across the web.]

Today’s stories cover the rise of the progressive-libertarians, the latest on the foreclosure front, Congress and the Constitution, and more…

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Nader: Progressive-libertarian alliance ‘the most exciting new political dynamic’ in US
The Raw Story, Jan. 13, 2011

2010 saw the rise of conservative libertarians in the Republican party. As Ralph Nader points out, there are many areas where progressives and libertarians can find agreement. Could 2011 be the year when progressives embrace their libertarian side?

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Foreclosure Filings in U.S. May Jump 20% From Record 2010 as Crisis Peaks
Bloomberg, Jan. 14, 2011

It appears we are not out of the woods yet. Foreclosures that were delayed at the end of 2010 due to the robosigning debacle will be pushed into 2011. This is a bad sign for home prices, consumer spending and the banks but an opportunity in the making for potential buyers.

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Walter Williams: Were the founders ignorant of their own constitution?
The Washington Examiner, Jan 13, 2011

A new rule in the House of Representatives requires than any new bill introduced must state specifically where it is authorized in the Constitution. If Congress actually follows through with this it would dramatically decrease new spending. And as Dr. Williams points out, if the rule were applied to our existing laws it would eliminate at least two-thirds to three-quarters of Congressional spending. I love the rule but I won’t be holding my breath as we wait to see if they actually follow it.

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Rising Chinese Inflation to Show Up in U.S. Imports
New York Times, Jan. 12, 2011

Get used to it. Price inflation for everyday goods is coming to America.

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Public strongly opposes debt ceiling increase: Reuters/IPSOS
Reuters, Jan. 12, 2011

Over 70% of the people don’t want to see the debt ceiling raised even after dire warnings by the Obama administration that a failure to raise the ceiling would result in catastrophic default. The tough talking Repubs vowed to only raise the ceiling if they got major concessions towards a balanced budget. Now it looks like those “major concessions” involve returning to 2008 spending levels. Pardon me if I sound unimpressed.

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2 Responses to Newswire 1/14/2011

  1. Ben Kadlec says:

    On the first article…

    The only things that “Progressive’s” and “Ron/Rand Paul Libertarians” agree on is hatred of the military and the legalization of weed. Otherwise, they are diametrically opposed.

    Progressives need the fed, b/c it consititutes central control over monetary policy. Progressives cannot acheive thier goals of wealth and welfare redistribution without controlling both. They may say they “hated” the Wall Street bailouts, but it put the entire US banking system under federal control. Wonder why the Gvt continues to raise the hurdles needed to pay back “TARP”? Progressives need a bought of massive inflation, in order to destoy the savings of and put the final nail in the coffin of the “productive/ “upwardly mobile” middle class. Until then, there will be enough Americans choosing economic freedom over gvt led program serfodom.

    Keep sending the stuff Scully!

  2. I wouldn’t say they hate the military per se, just our military involvement around the world. Ironically, when the Democrats were starting the “police actions” the progressives liked our involvement in other countries because they felt we had a moral obligation to help people. Many progressives like Nader, Kucinich and admitted socialist Bernie Sanders understand how the Fed is hurting poor people. And some like Naomi Wolf are starting to focus on issues of personal freedom and government trampling our rights. But in general I’d agree; progressives love their big government.

    Btw, I just signed up on your dad’s website: http://communityofliberty.org/

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