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Glen Meakem


Glen Meakem Update

by Glen Meakem
 

August 7-8 - Recovery Summer? Not Quite!

This past weekend, Sara Mohsin (Owner of Mohsin Mortgage Corporation) joined me on the program with some general thoughts on the economy and some updates on the mortgage industry. Tom Jones, an attorney with the law firm Jones Day, also joined me with some expert legal opinions on "preemption" ~the supremacy clause in the U.S. Constitution, and how they apply to Arizona's immigration bill. Click here to listen.

There was some good news regarding Obamacare this past week. First, a federal judge (U.S. District Judge Henry Hudson) ruled that the lawsuit filed by states against the individual mandate in the new healthcare law will move forward. Hudson wrote in his opinion, "While this case raises a host of complex constitutional issues, all seem to distill to the single question of whether or not Congress has the power to regulate -- and tax -- a citizen's decision not to participate in interstate commerce." And second, the citizens of Missouri voted overwhelmingly (71% to 29%) to ban federally mandated health insurance in their state (proposition C). Although not enforceable on its own, the results of the vote demonstrate that Obamacare's unpopularity continues to grow. The more that Americans learn about this terrible law, the more they reject it.
Unfortunately, in spite of these significant political and legal victories, the news flow was still overwhelmingly negative this past week. The economy lost another 131,000 jobs in July, food stamp use hit a record 40.8 million Americans in May, and General Motors donated $41,000 to liberal politicians after receiving tens of billions in tax payer bailouts. In addition, the Department of Justice figured out a way to fund ACORN and ACORN like groups without the consent of Congress, Obama may spend another $100 billion to "forgive" underwater mortgages, Iran continues to pursue the development of nuclear weapons, and a new Chinese missile (the Dong Feng 21D) has been designed specifically to sink U.S. aircraft carriers and may change the balance of power in the eastern Pacific Ocean.

I will be talking about these headlines and other news items every morning this week (August 9-13) as I proudly stand in for Quinn and Rose on "America's Morning Show." You can catch the program live on radio affiliates nationwide between 6 am and 10 am EST, or on XM 158 (click here for local radio stations). Please feel free to call 800-507-1047 to speak with me live on the radio, and as always, thank you for your support.

Have a great week!
Sincerely,
Glen Meakem
Glen Meakem is a successful technology entrepreneur, venture capitalist, and conservative talk radio show host, who offers information and insights on how individuals and our nation can be more successful. Glen's unique perspective has been shaped by his experiences as founder, chairman and CEO of the B2B internet success Freemarkets Inc - which he founded in 1995, took public in 1999, and sold to Ariba in 2004. In 2005, Glen co-founded Meakem Becker Venture Capital, a firm that invests in early stage start up companies. Concerned about the liberal political agenda that has gripped the United States and his home state of Pennsylvania, Glen launched the Glen Meakem Program in 2008. Glen served as an officer in the United States Army Reserve and is a veteran of the First Gulf War. He also earned his undergraduate degree from Harvard and his MBA from Harvard Business School. For more information about Glen and the Glen Meakem Radio Program, or to read his blog, please visit http://glenmeakem.com.
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