According to Obama US citizens should no longer have any expectation of privacy if they travel on public highways. The government wants the Supreme Court to allow the government to put a GPS tracking device on anyone's car, without a warrant, so that they can track their movements. Justice Stephen Breyer told the governments lawyer, "If you win this case then there is nothing to prevent the police or the government from monitoring 24 hours a day the public movement of every citizen of the United States." He further stated, "You suddenly produce what sounds like 1984."
Fannie Mae and Freddie Mac need more money. Some of it will no doubt go to pay the millions in bonuses they are handing out. Fannie Mae and Freddie Mac are government controlled mortgage companies that guarantee mortgages for people who no sane lending institution would give a loan. Fannie says it needs another $7.8 billion from we taxpayers. Last week it report a quarterly loss of $5.1 billion. No doubt Barney Frank will make sure Fannie gets all the money it asks for. This will bring the Fannie bailout total to $112.6 billion. Freddie ask for another $6 billion, after reporting a quarterly loss of $4.4 billion. It has now received $72.2 billion from we taxpayers. We taxpayers get stuck for nearly $200 BILLION, and that figure will no doubt keep rising, and Fannie and Freddie are handing out bonuses to their executives. The President's press secretary said the President in not involved in this, nor should he be. Isn't if funny that Obama had no problem raising hell about the Wall Street guys getting bonuses but when it comes to government run entities handing them out he thinks it is none of his business.
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