Bankers compelled to cooperate with government, Obama narrows goals in Afghanistan-ends “nation building” activities, expect more taxpayer handouts to automakers, and Secretary of State Hillary Clinton visits Mexico to pledge U.S. support for War on Drugs…just the latest in your Freedom Under Fire Report!

Obama “Urges” Bankers to Accept Blame. Hitler had scapegoats; they were called Jews. Obama has his scapegoats; they are called bankers. President Obama summoned heads of the nation’s largest financial institutions to the White House and “urged them to accept responsibility for their industry’s excesses.” After a 90 minute closed door session with the President, 13 chief executives emerged declaring their cooperation and support for the administration’s efforts to shore up the financial system.

In 1957 Ayn Rand published Atlas Shrugged, in which “men of the mind”-those who produce, who create, who invent, etc.-go on strike after continued political persecution. Rand portrays a world in which politicians increasingly seize control of the economy, destroying free enterprise as bureaucrats use government power to extort businessmen and scientists to the point where the good ones quit. If you are nervous about the continued expansion of our government’s power, read this book to learn where it’s all heading!

Obama Looks to Narrow Goals in Afghanistan. President Obama highlighted new objectives in the war in Afghanistan, narrowing goals to targeting Al Qaeda, rather than continuing the Bush administration’s nation building activities. Military commanders in the field argue for more troops and longer-term commitments, saying White House plans fall short of what is necessary to win the conflict.

U.S. Government Expected to Give More to Automakers. The Obama administration will likely give more aid to General Motors and Chrysler this coming wee, but will impose a strict deadline on bondholders and union workers to make concessions to avert bankruptcy. To date, the automakers have received $17.4 billion in federal loans and are requesting another $21.6 billion.

Drug War Testing Relationship With Mexico. Wrapping up a two-day visit to Mexico City, Secretary of State Hillary Clinton referred to the escalation of drug-related violence along the U.S.-Mexico border as “intolerable.” She stated that both countries share responsibility for the violence and pledged $80 million to suppy arms to Mexico’s military and police forces.

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