Sen. Rockefeller proposes bill that would give government sweeping powers to control, monitor, and regulate the Internet, ACLU demands public schools stop blocking gay web sites on public computers, Rep. Jane Harman calls incriminating NSA wiretap “abuse of power,” National Service legislation signed into law that will cost $6 billion over 5 years by hiring “paid volunteers,” government will need to issue $2.4 trillion in new Treasury securities in 2009 to meet budget shortfalls and bailout program requirements, and U.S. to give another $5.5 billion to automakers…

Government policy drives markets. With trillions of dollars being spent by Congress and doled out by the Federal Reserve in one bailout plan after another, we all need to think about how these programs will affect our financial positions.

Will we experience hyperinflation, the kind that can wipe out our life savings? Or will these targeted bailouts stimulate tremendous growth in certain industries?

In one of my favorite movies, Rounders, Matt Damon relates that in poker “if you can’t spot the sucker in the first half hour at the table…you are the sucker.“  Read my book, Obamanomics: How To Invest Over the Next Administration to make sure government policies don’t make you the sucker!

Senate Proposal Will End Internet Freedom. Sen. Jay Rockefeller (D-WV) introduced a bill to greatly expand government’s power to regulate, monitor, and control the Internet. The Cybersecurity Act of 2009 will allow the president to shut down portions of the Internet he deems a threat to national security, introduce and force new technical standards and compliance upon industry, and require federal licensing and certification for IT professionals.

You can read more about the Cybersecurity Act, petition against it, and learn how you can support the opposition to this disgusting expansion of government power here.

ACLU Demands Public Schools Stop Blocking Gay Web Sites. The American Civil Liberties Union is threatening to sue Tennessee public schools if they do not stop restricting students’ access to gay, lesbian, bisexual, and transgender Web sites on school computers.

Congresswoman Jane Harman Calls Incriminating Wire Tap Abuse of Power. Rep. Jane Harman was alleged overheard by NSA wiretaps trading favors for power, helping Israeli lobbyists accused of espionage evade justice. On Tuesday, Ms. Harman blasted the wiretapping, calling it an “abuse of power.” She denies any wrong-doing and insists that the Obama administration release the transcripts to the public.

National Service Legislation Signed Into Law. The Edward M. Kennedy Serve America Act was signed into law by President Obama on Tuesday. The bill will expand the AmeriCorps program from 75,000 to 250,000 by 2017 and is expected to cost $6 billion over the next 5 years. Critics say that the idea of paid volunteers is an oxymoron, and that citizens have every opportunity to “serve America” as is-this is just another expansion of government bureaucracy.

Here is a good critique of Kennedy’s Serve America Act.

Soaring Budget Deficit, Unemployment, Mean Billions in Bond Sales. Federal tax receipts are collapsing as 3.7 million jobs have been shed across the country in the six months since the start of the fiscal year on Oct. 1st. As government’s income is shrinking, it’s expenses are skyrocketing with a projected budget deficit of $1.85 trillion. The Treasury will need to issue $2.4 trillion in new bills, notes, and bonds in fiscal year 2009, alone, to meet budgetary obligations. This will put serious strain on bond markets and siphon large amounts of capital from the private sector.

Real estate investing is an excellent way to hedge inflation risk. Rents can grow with inflation and fixed rates on mortgages are almost certainly below what inflation will be over the next 15 to 30 years. This is a decent program to learn how to buy your first apartment building. It gives the basics, shows you how to pick a good commercial Realtor, find a ‘diamond in the rough’ property, and structure a deal.

U.S. To Give Another $5.5 Billion to Automakers. The U.S. government plans to give another $5 billion in loans to General Motors, and $500 million to Chrysler. To date the federal government has provided a total of $13.4 billion to GM and $4 billion to Chrysler in what it calls “emergency loans.”

Alternative Investment Idea: With real estate prices still falling, stocks whipping around like crazy, and even U.S. Treasury bonds becoming increasingly risky, it pays to investigate alternative forms of investing. One method I use regularly is selling market insurance.

Every investment involves risk and everyone has their own objectives. Some people want low risk and are OK with low returns. Iron Condor trading strategies turn these people into your clients.

Learn how to use options to start your own insurance business, having the market pay you to insure its risks. Get paid regular premiums every month! This Iron Condor trading system will teach you how to become your own insurance company, managing the market risks you assume. Don’t go into this blindly! Learn how the experts use options to generate steady income.

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