Barack Obama’s presidency has been plagued with crises that appear to be increasing more rapidly in the past few weeks. As if American involvement in two wars while struggling with one of the worst economic crises in the last 50 years wasn’t enough, Obama’s workload has been increased by a catastrophic oil spill, turmoil on the border of Mexico, and an attempted car bombing in New York City.
One aspect of a new and improved federal regulatory scheme is the seizure of 401(k) retirement plans and the subsequent government-administered disbursement of the funds.
The Washington Post reported on April 20 that “the Food and Drug Administration is planning an unprecedented effort to gradually reduce the salt consumed each day by Americans, saying that less sodium in everything from soup to nuts would prevent thousands of deaths from hypertension and heart disease.” The Post also said that “the initiative, to be launched this year, would eventually lead to the first legal limits on the amount of salt allowed in food products.”
Evangelist Franklin Graham said the Obama White House was behind the decision to bar him from speaking at a National Day of Prayer event at the Pentagon because of his comments about the Muslim religion. After the 9/11 attacks, Graham called Islam a "very evil and wicked religion." More recently, the Associated Press reported, he has said he finds Islam offensive and wants Muslims to know that Jesus Christ died for their sins. U.S. Army spokesman Col. Tom Collins said on April 22 that Graham's remarks were "not appropriate."
“Big Labor” and a host of prominent economists announced their support over the weekend for efforts to “Audit the Fed.” These efforts are growing stronger as the bipartisan coalition for Federal Reserve transparency continues to build momentum. But the Obama administration and the banking cartel are pushing back.