Can Congress Bailout the US financial System? Should it?

(Washington, D.C. ; Right Commentary): To the American Public, the current financial crisis has many villains but none upon whom clearly to pin the blame. Taxpayers are angry at the notion of having to bail out banks, headed by millionaires, whom they believe cheated them out of values in their homes, and in some cases, [...]

Why the Fed saved AIG and not Lehman

(Washington, D.C. ; Right Commentary) The U.S. Federal Reserve Board reversed course Tuesday night and agreed to an $85 billion bailout of global insurer American International Group (AIG), giving the U.S. government an ownership stake in the troubled insurance giant.
Treasury Secretary Henry Paulson Jr. and the Federal Reserve Chairman, Ben Bernanke convened a meeting with [...]

Congress faces big push on offshore drilling

WASHINGTON (Reuters) - America’s pain at the gasoline pump has been years in the making, but there will be a big push in Congress next week, when lawmakers return from summer break, to fix the problem by expanding offshore oil drilling.

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Death is an appropriate sentence for the rape of a child…

The Supreme Court declared today in Louisiana v. Kennedy that execution is an excessive punishment for child rape, despite the “years of long anguish” for victims. Truly amazing - child rape does not warrant the death penalty.
The court’s 5-4 decision struck down a Louisiana law that allows capital punishment for people convicted of raping children [...]

US Soldier refuses to serve in “illegal Iraq War”

Washington, D.C. (AFP): Matthis Chiroux is the kind of young American US military recruiters love.
“I was from a poor, white family from the south, and I did badly in school,” the now 24-year-old told AFP.
“I was ‘filet mignon’ for recruiters. They started phoning me when I was in 10th grade,” or around 16 years old, [...]