McCain ObamaWhen Sen. John McCain was campaigning in Waukesha, Wisconsin, on October 9, a supporter told him "I'm really mad" because of "socialists taking over the country," the Associated Press reported. "I think I got the message," McCain responded. "The gentleman is right." McCain then went on to talk about the Democrats' control of Congress.

Silvio BerlusconiIn response to the ongoing financial crisis, world leaders are planning "a new Bretton Woods," according to Italian Prime Minister Silvio Berlusconi. According to an October 10th article by Steve Schere on the business and financial news website Bloomberg.com:

Treasury Secretary Henry PaulsonITEM: The New York Times for September 9 editorialized: "As an act of crisis management, the government takeover of Fannie Mae and Freddie Mac, the mortgage-finance giants, was a reasonable and reassuring move. It ensures the flow of mortgage credit and is likely to reduce mortgage rates, which are important steps toward the eventual recovery of the ailing United States housing market."

Small HousePerhaps Karl Marx best described life on the commons: “From each according to his ability, to each according to his need.” That’s a prescription for tragedy; no wonder Communist governments slaughtered millions of their own citizens. But mass murder isn’t socialism’s only evil. When property is communal rather than private, cities fester in depressing dilapidation while pollution chokes the environment – all because everyone exploits what everyone owns.

TapeOn July 28, White House Budget Director Jim Nussle announced that the expected deficit for Fiscal Year 2009 (it begins October 1, 2008) would be a whopping $482 billion. A record for red ink, the figure shatters the previous deficit of $413 billion set in 2004.

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