Justin From Texas » U.S. Economy

Senate Blocks Obama’s Tax Plan

Justin — Sat, 04 Dec 2010 20:12:20 +0000

Washington Times has the story here.

Seems pretty clear that the cuts need to include everyone to pass, not just those making less than $250,000. Curious to see how this finally plays out, as the Bush tax cuts expire soon, and I’m sure voters of all economic classes won’t like the increase that results from that happening.

HT: Drudge Report

Quantitative Easing Explained

Justin — Sat, 13 Nov 2010 05:51:41 +0000

What could make QE2 easier to understand than an explanation from foul-mouthed cartoon characters with robot voices?

HT: coloradofreedom.net

Scott Brown Wants Government-Run Health Care

Justin — Fri, 22 Jan 2010 17:03:34 +0000

We really are a 1-party system.

HT: lp.org

AIG Bailout: Shariah Compliant?

Justin — Mon, 22 Dec 2008 19:05:19 +0000

From Fox News:

The U.S. government’s bailout of the American International Group is helping promote Shariah law, a lawsuit filed in federal court in Michigan alleges.

Full Article

The problem stems from this:

This month, AIG announced that it would offer Shariah-compliant homeowner insurance policies, known as takaful, to U.S. customers through one of its subsidiaries. To be Shariah compliant, companies cannot earn interest and must agree to send a percentage of their revenue to Islamic charitable groups.

The big question: Would this fly if it were policies contributing to Christian groups? Probably not. However, until the Supreme Court decides to separate mosque and state in the same way it’s separated church and state, we’ve got a big problem.