Posts tagged as:

Bailout Fever

Bailouts Go International

June 17, 2009

The House of Representatives passed a $108 Billion bailout of foreign nations, payable to the International Monetary Fund.  As Michelle Malkin reports, Obama pledged this money to the IMF in April, without even consulting congress.  The vote passed 226-202, with 32 Democrats voting against the bill and 5 Republicans supporting it.  With our financial house [...]

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The Government Economy

April 2, 2009

In less than a year, we as a nation have gone from a robust capitalist economic system  with some burdensome government regulation to be sure, to a government-controlled economy.  The federal government has effectively assumed control, by both legislation and executive order, of the financial and auto industries.  This week’s firing of General Motors CEO [...]

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AIG Bonus Outrage is a Distraction

March 18, 2009

The circus that  is the AIG Bonus Outrage is a typical Washington case of wag-the-dog.  The bonuses were retention bonuses to keep employees who were laid off as part of the AIG restructuring, but needed for a specified amount of time for a transition.  AIG was legally-required to pay these bonuses, and it was even [...]

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Tea Party Movement Gaining Strength

March 16, 2009

What started off as a simple comment by Rick Santelli on CNBC has grown into a nationwide grassroots movement.  Tea Party protests against the tax-and-spend and borrow until we’re broke policies of the Federal Government under Barack Obama.  The image above is a scene from this weekend’s tea party in Cincinnati, OH, which brought together [...]

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Bailout Timesuck

January 14, 2009

In the era of wasteful government bailouts comes a new timesuck, The Bailout Game, in which you get to play the part of Ben Bernanke at bailing out Wall Street! Have at it! H/T: NRO’s The Corner

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Bailout Fever Poses Problems for the Baseline

January 13, 2009

A common element of proponents of the current bailout / stimulus fever is the fact that it is required to fix the economy, and temporary.  Thus, the estimated budget deficit of 2009 of $1 Trillion is seen as unfortunate, but necessary. In an editorial at Bloomberg, Kevin Hassett of the American Enterprise Institute points out [...]

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Now Santa Wants a Bailout

December 26, 2008

Here’s how crazy things are getting in Washington these days: Happy Boxing Day, by the way!

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