Cake or Death: California legislature continues to try to give driver's licenses to illegal immigrants

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Thursday, August 31, 2006

California legislature continues to try to give driver's licenses to illegal immigrants

At least Schwarzenegger continues to get this issue right even if he may be wrong on the CO₂ emissions bill.

SACRAMENTO, August 31, 2006 - The latest attempt to allow illegal immigrants to obtain California driver's licenses passed the Legislature on Wednesday, but it was doomed as soon as the final vote was taken.

A spokeswoman said Gov. Arnold Schwarzenegger will veto it.

"The governor will not sign any legislation that in any way threatens public safety," spokeswoman Margita Thompson said.

The bill that passed the Senate on a 21-13 vote was lawmakers' eighth attempt at legalizing driver's' licenses for illegal immigrants. It was sent to Schwarzenegger with no debate and the bare majority of votes needed.

The measure by Sen. Gil Cedillo, D-Los Angeles, would overturn a 1993 law that prohibits the state from issuing licenses to drivers who cannot prove they are in the country legally.

Talk about politicians pandering to their base.

We've really got to get rid of Gil Cedillo. Driver's licenses for illegal immigrants is his pet project and this is the eighth time he's tried to get this type of bill passed.

If Arnold ever signs one of these into law, he can start digging his own political grave.

UPDATE @ 12:12pm: HotAir's latest Vent also focuses on illegal immigration, briefly discussing a Post Office in Mayfield, CA where pro-illegal immigration protestors flew a Mexican flag before going on with a trailer for an upcoming documentary, Border War.

Check it out.

Link to me! Posted by jwookie : 11:21 AM

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