CEI Today: Financial privacy, IMF wealth confiscation, and Dems against Obama on airline merger
FITCH DOWNGRADE - MICHAEL MAYFIELD & JOHN BERLAU
Rep. Sean Duffy (R-Wis.) has emerged as a hero in protecting Americans from the unwanted surveillance by the federal government.
Duffy is taking on a shadowy entity created in 2010 by the Dodd-Frank financial “reform” law, the Consumer Financial Protection Bureau. Housed within the Federal Reserve, the CFPB is exempt from important federal privacy laws.
IMF WEALTH CONFISCATION - BILL FREZZA
The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.
DEMS ON AIRLINE MERGER - MARC SCRIBNER
Bipartisan opposition to the Obama administration’s reckless assault on the pending merger of American Airlines and US Airways is growing. While the end of the partial government shutdown dominated yesterday’s news cycle, 68 House Democrats (over one-third of the House Democratic caucus) signed a letter to President Obama urging him to end his administration’s opposition to the airline merger.