By Dick Morris & Eileen McGann of newsmax.com

President Barack Obama has taken the United States one more giant step towards socialism by ramming through the Senate his financial regulation bill.

The bill authorizes the secretary of the Treasury — a political appointee — to seize any financial company (bank or nonbank) simply because, in his opinion, it is too big to fail and in danger of insolvency.

This power can be used for political retribution, pressure for campaign funding, or any other abuse bureaucratic whim or partisan politics can conceive. It is a power Fidel Castro or Hugo Chavez would love to have! [Read more →]

Obama apparently thinks you’re stupid.

By Joan Swirsky

Now that the regime currently occupying the White House has bribed, threatened, intimidated, bullied, manipulated, and cut unconstitutional and illegal deals with Democrats in exchange for their votes for the totalitarian nightmare of socialized medicine, the subject of Obama’s missing birth certificate is more timely and relevant than ever — precisely because the ugly spectacle emphasized once again the degree to which Obama has arrogantly flouted, sneered at, and spit upon the U.S. Constitution, a document he and his handlers and henchmen clearly revile and are determined to shred and destroy. [Read more →]

Billed as an alternative grassroots movement to the Tea Party, which has been for the most part absorbed by mainline Republicans and Neoconservatives, the “Coffee Party” promised to wake up politically minded Americans and offered a different avenue for the freedom movement.

However, the so called founder of the Coffee Party has been quickly exposed as an Obama campaign operative, whose caffeine concept was purely designed to undermine and co-opt the Tea Party ideology.

Described as “a documentary filmmaker who lives outside Washington”, Annabel Park has amassed some 40,000 members via a Facebook page.

“We’re not the opposite of the Tea Party,” Ms. Park, 41, told the New York Times. “We’re a different model of civic participation, but in the end we may want some of the same things.” [Read more →]

http://www.nytimes.com/interactive/2010/02/01/us/budget.html

Note the 33.5% increase in interest payments due to the rapid increase in spending and the national debt over the past 1-2 years.

Via 73wire.com.