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The U.S. Chamber of Commerce has written a letter to members of the House telling them that voting for federal contractors to be more transparent about their political spending will negatively impact their legislative scorecard. "The U.S. Chamber of Commerce strongly supports legislative proposals to ensure that political spending -- or the lack thereof -- continues to play no role in federal contracting decisions," the Chamber's R. Bruce Josten wrote in the letter sent on Wednesday. "Therefore, the Chamber supports amendments that have been offered by Rep. Cole to several Fiscal Year 2012 appropriations bills considered by the full House, and any similar amendments should they be offered to the remaining FY 2012 appropriations bills," he wrote. Meanwhile, more than sixty members of the House signed a letter sent to the White House by Rep. Anna G. Eshoo (D-CA) which expressed strong support for a draft executive order which would require companies that get taxpayer dollars to disclose their political expenditures. Disclosure, the letter says, "will not politicize the procurement process -- it will improve it." "Political expenditures are already well-known to those that make them and to the officials who benefit," the letter states. "With disclosure, the public will have access to this information as well, allowing them to judge whether contracts were awarded based on merit. A meritorious procurement system is the only responsible use of taxpayer money, making this a deficit reduction effort as much as a campaign finance reform issue." Both the Chamber and House Republicans have argued that the proposed executive order -- first leaked in April -- is a plot by the Obama administration to silence political opponents. Supporters of the measure have said the executive order -- by bringing donations out into the open -- would actually discourage federal contracting officials from doing favors for contractors based on their donations to third-party political groups

The American troops had established their base in Afghanistan. In the process of fighting the terror groups, so many people have lost their lives in a manner that cannot be understood. However, people should not be biased and take the efforts that had been extended in the Afghanistan in a negative way. Surely, there is much more that has been achieved by the soldiers in Afghanistan. It is evident that the people can now take part in their daily activities without the fear of being attacked by the terror groups all to the courtesy of the American troops. Even though there is much more the Afghanistan government and civilians can thank the troops for, the Americans need to understand that there is much more that they need to do before they leave Afghanistan, so that they ensure everything runs as smoothly as it was before the terror attacks. It is very evident that thousands of people have died in the process of fighting.

OBAMA GIVING AWAY MONEY THAT THE US HAD TO BORROW

"Is globalisation inevitable and irreversible? This column argues that globalisation is a policy choice. It examines the relationship between military expansion and international trade flows, finding that increased nationalist and militarist sentiments are negatively associated with trade. A 10% increase in military spending between 1985 and 2005 is associated with a reduction in the trade share of GDP of around 2%."

".....But that would require responsibility to be taken, and we know how the left is about that. "No - I am just the Captain of the vessel, I don't know why there are icebergs coming at us instead of palm trees - it must be the first mates problem." We've talked about arrogance so much on here only because it is so true. But I don't want to be just a negative nelly. I don't want to be just a naysayer. My angle on the situation is becoming much more of an active, let's suggest a solution standpoint now......"

The madness that is the proposed tax repatriation holiday is continuing and gathering steam. More and more members of congress are coming out of the woodwork, scratching their chins in contemplative consideration as it were, pretending that they've just realized what a great day a corporate tax holiday would be - not that they've taken gazillions of dollars from the firms lobbying for it or anything. The latest convert seems to be Nevada Democrat Shelley Berkley. Berkley's plan is to offer a pseudo-holiday - not the full-fledged happy-ending massage the companies wanted (i.e. a reduction from 35 percent+ to 5.25 percent) but a mere ten-point shave: Representative Shelley Berkley, a Nevada Democrat, is the latest lawmaker to consider legislation allowing multinational companies to send offshore profits to the U.S. at a reduced tax rate. Her proposal, which was confirmed yesterday by Berkley's communications director, David Cherry, would allow companies to return profits to the U.S. at a 25 percent tax rate, 10 percentage points below the maximum statutory rate. Most companies publicly supporting a holiday, such as Duke Energy Corp., have spoken favorably of the 5.25 percent rate that is being offered by Representative Kevin Brady, a Texas Republican. One thing that people must understand about this tax repatriation business is that it's a wholly bipartisan affair. It's not solely the work of evil Republicans. This is a scheme that requires heavies in both parties to help ram the knotty, hard-to-sell legislation through. On the Democratic side, unsurprisingly, the main actor is going to be Chuck Schumer. John Kerry is also involved with this nastiness. Barbara Boxer led the 2004 effort and the failed 2009 campaign to get a holiday, and is rumored to be lurking somewhere in this business. Note that Cisco, a California corporate heavyweight and one of the companies lobbying most ravenously for this tax holiday, has been a consistent lifelong contributor

Beijing (CNN) -- Although the United States narrowly avoided an unprecedented default following congressional approval of a last-minute compromise plan to raise the debt ceiling, China's leading credit rating agency Wednesday downgraded U.S. sovereign debt after putting it on negative watch last month. The Dagong Global Credit Rating Company, which lowered the United States to A+ last November after the U.S. Federal Reserve decided to continue loosening its monetary policy, announced a further downgrade to A, indicating heightened doubts over Washington's long-term ability to repay its debts.

Seems like only yesterday conservative nabobs of negativity predicted America's ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing.  Remember Standard & Poor's downgrade of the United States? Recall the intense worry about investors' confidence in government bonds - America's IOUs?  Hmmm. Last week ten-year yields on U.S. Treasuries closed at 1.83 percent. In other words, they were wrong. In fact, it's cheaper than ever for the United States to borrow. That's because global investors desperately want the safety of dollars. Almost everywhere else on the globe is riskier. Europe is in a debt crisis, many developing nations are gripped by fears the contagion will spread to them, Japan remains in critical condition, China's growth is slowing.  Put this together with two other facts: Unemployment in America remains sky-high. 14 million Americans are out of work and 25 million are looking for full-time jobs. The nation's infrastructure is crumbling. Our roads, bridges, water and sewer systems, subways, gas pipelines, ports, airports, and school buildings are desperately in need of repair. Deferred maintenance is taking a huge toll. Now connect the dots. Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation's infrastructure.  Problem is, too many in Washington have less than half a brain. 

"It's a hoax," said coal company CEO Don Blankenship, "because clearly anyone that says that they know what the temperature of the Earth is going to be in 2020 or 2030 needs to be put in an asylum because they don't." On the other side of the debate was environmentalist Robert Kennedy, Jr. "Ninety-eight percent of the research climatologists in the world say that global warming is real, that its impacts are going to be catastrophic," he argued. "There are 2 percent who disagree with that. I have a choice of believing the 98 percent or the 2 percent." To social scientist and lawyer Don Braman, it's not surprising that two people can disagree so strongly over science. Braman is on the faculty at George Washington University and part of The Cultural Cognition Project, a group of scholars who study how cultural values shape public perceptions and policy

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday. The findings suggest that 82 percent of Americans want the government to clamp down more strongly on Wall Street excesses, with a particular emphasis on bonus schemes that have rewarded employees at loss-making companies such as American International Group.