Wednesday, April 25, 2007

News of the Day

A majority of the Supreme Court appears to be skeptical of the landmark McCain-Feingold campaign finance law's restrictions on pre-election issue ads that mention a candidate by name.
The law prohibits interest groups from running corporate-funded radio and TV ads that mention a candidate's name within 30 days of a primary or 60 days of a general election. With John Roberts and Alito now on the Court, it seems to me that this may tip the scales in favor of repealing provisions of this awful legislation. All the McCain-Feingold act does is to protect incumbents.


As of 11:33pm, Barry Bonds hit HR # 741. He now has 14 HR to go to break the record.

The Dow passed 13,000 today, setting an all time high.

The House of Representatives today passed legislation 218-200 requiring that US troops start pulling out of Iraq by Oct. 1 of this year. This has set up a showdown with the President, who has threatened to veto any legislation that included a troop-withdrawal timetable. I believe we will see President Bush veto this legislation. If he does, the Democrats do not have enough votes to overturn the veto. Even though i have thought this war was a bad idea, we cannot pull out now. That would just embolden the enemy further.

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