In a 2-1 decision, the U.S. Court of Appeals for the District of Columbia Circuit held that the individual mandate of ObamaCare is constitutional.

Writing for the majority, Senior Judge Laurence Silberman (left), a Reagan appointee, affirmed that by enacting the Patient Protection and Affordable Care Act, specifically the provision mandating that everyone purchase qualifying health insurance, Congress did not exceed the authority ceded to it by the states in the Constitution.

As with the constitutional struggle that was stirred up by the passage of ObamaCare, the President’s latest pet proposal is brightening the battle lines between friends of federal power and those who advocate the protection of the sovereignty of states.

The Obama administration is delaying implementation of its Christmas-tree tax following a tsunami of criticism and ridicule that erupted after news of the 15-cent “fee” broke on November 8. But while the plan is being reviewed, it is not dead yet.

The November 9 Republican presidential debate in Detroit highlighted the utter economic cluelessness of the overwhelming majority of CNBC hosts and another Rick Perry debate mental lapse (picture at left).

Only days after Freddie Mac sought a $6-billion cash lifeline from the Treasury Department, Fannie Mae is now chasing a $7.8-billion check in federal aid. Attributing its steep $5.1-billion third-quarter deficit to losses on derivatives and the persistent failings of the housing market, the government-controlled firm is furthering its heedless course to fiscal Armageddon — while draining the bank accounts of American taxpayers all along the way.