And the Nominee for SCOTUS Is... Elena Kagan - At 10 A.M. this morning, Barack Obama nominated his Solicitor General, Elena Kagan, to replace outgoing Supreme Court Justice John Paul Stevens. Kagan, a relatively easy choice for Obama, should move quickly through the Senate without much trouble since she was already examined by that same body when she was nominated to become Obama's Solicitor General. There is little new information that can be revealed that has not already hit the public sphere.
Democrats Have No Problem Monitoring Your Bank Account - There you have it folks, Senator Jack Reed (D-RI) admits that if they can't see what you are doing with your debit card, then regulators would be "flying in the dark".
Bernanke Lied About Bailing Out Europe - Americans for Limited Government President Bill Wilson today condemned Federal Reserve Chairman Ben Bernanke for "lying about the Fed participating in a bailout of Europe in response to the rapidly escalating sovereign debt crisis," and called for a Congressional investigation into the Fed, including the passage of a complete audit of the central bank.
Quote of the Day - A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism: is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. -Ludwig von Mises
Tyranny In Disguise - Proponents of unlimited bailouts are once again blaming the management of bailouts for their inherent failures to mitigate the crises they profess to avert. Last week, the EU Monetary Affairs Chief Olli Rehn blamed the financial crisis on the "failure" of the federal government to save Lehman Brothers from bankruptcy, and used the example to justify an EU-IMF bailout for Greece.