The American Freedom Network

Athena Appears at Shrine to Explain $300 Billion Fed Loan

Dear Friends: I have started a new series at the Shrine of Flaming Capitalism: Ask Professor Athena. The first question relates to the $300 Billion Load from the Federal Reserve to the US Treasury. A snippet of her answer is below:

3. What will this do? As this Bloomberg story describes, it puts cash into the economy at a time when most needed. …..

4. Despite what they say in writing, the FOMC (Federal Open Market Committee) writing must be very worried indeed about the remainder of 2009 to have eased cash availability to this magnitude.

Also, Bizzyblog has a great graphic analysis of the POR (Pelosi-Obama-Reid) economy.

Finally, check out the new website devoted to the Tea Parties in Southern California.

UPDATE: A golden post today from “The Other McCain” on the not so greatly exaggerated death of newspapers.