credit cardThe Obama administration on June 30 unveiled its latest attempt to put an end to the free market in financial services in the United States.

Wal-MartWal-Mart on June 30 sent a letter to President Barack Obama stating its support for the federal government forcing all employers to provide insurance for their employees.

unemploymentThe ADP National Employment Report estimated that the national economy shed some 473,000 jobs in June, which may be enough to bring the national unemployment rate to the 10-percent threshold once official figures are tallied later in the month.

interest ratesThe Congressional Budget Office (CBO) informed Rep. Paul Ryan, ranking Republican member of the House Budget Committee, that President Obama’s budget under-reported (and the CBO itself) the national debt in Obama’s budget by trillions of dollars by predicting unrealistically low interest rates on the national debt in a June 30 letter. Obama’s budget planned to increase the deficit from the current $11 trillion to more than $23 trillion. The CBO letter admits that those estimates may be optimistic by as much as $5.6 trillion.

Cap and Trade Protest"Today's razor-thin vote in the House spells doom in the Senate," Sen. James Inhofe (R-Okla.) predicted to the Associated Press of the American Clean Energy and Security Act ( a.k.a. “cap and trade”) immediately after the narrow 219-212 vote.