We're being treated to legislative bread and circuses with the recently-passed financial "reform" bill. Putting aside the irony of a "Consumer Protection Bureau" being housed in the Federal Reserve, whose shareholders are the largest banks while also being tasked with regulating the largest banks... we're being distracted by these "reform" efforts in the face of the largest looting operation in American history.

Here's how it works: in our world of "global ZIRP" (zero interest rate policy), banks get to borrow from the Federal Reserve at essentially zero interest. But instead of making loans to Main Street based upon those borrowings, banks are buying Treasury debt hand over fist to finance our massive deficit spending while pocketing 2-4% interest on the backs of American taxpayers.

Wouldn't you like the opportunity to borrow at zero and lend at 3% to the federal government? Sure beats working for a living.

The freedom message is sweeping the country, and now even the New York Times is taking notice.

According to it's analysis of races and based on the swings seen in public sentiment along with the heavy anti-incumbent mood of voters -- the NYT has placed our race "in play" with a "leaning Democratic" designation.

Even this far from election day, the mainstream media is issuing the warning: People are waking up!

America is speaking through the ballot box by voting out politicians from both parties who support legislation like TARP, Medicare Part D, Cash for Clunkers, Obama's Stimulus, and the Greek Bailout. Come November, my opponent will now have to defend his YES vote on all these bills. 

It's time to reduce the federal government, restore the Constitution and let America get back to work.

Will you help us get the word out about our campaign? We need $6,000 more to reach our goal to kickoff the summer!

Today is the last day of the quarter and we must submit all of our donation information for display to the FEC.

In a letter to the editor this weekend, Adam Searing expressed disagreement with my health care reform op-ed in the Chapel Hill News. He states:

It would be generous to call the recent column "What Price left out" (CHN June 6) by congressional candidate B.J. Lawson misleading. He makes a number of factual errors and offers no viable alternative to the recently enacted comprehensive health care legislation.

An interesting article in Politico today gives us a taste of things to come, as Congress abdicates yet one more of its constitutional responsibilities by not proposing a federal budget this year:

Majority Leader Steny Hoyer made official Tuesday morning what most insiders have known for months: Congress won’t do a budget this year.

Instead, Democrats are pushing an alternative route that falls well short of the more rigorous annual budget resolution — a short-term resolution that will call for discretionary spending lower than in President Barack Obama’s fiscal 2011 budget. But he said Congress wouldn’t take longer-term budget action before hearing from Obama’s fiscal commission in December. Republicans have lambasted Democrats for not passing a budget resolution, saying that’s the first time it’s happened since 1976.

Both the bolded sentence above and the report that President Obama's budget director Peter Orszag will resign this summer indicate that a profound power shift is underway. The not-so-subtle message is that our economic future will not be driven by a our elected representatives.