Posts tagged as:


Brief Translation of Spanish Bank Bailout

June 12, 2012

It isn’t difficult to find news articles on the bailout of Spanish banks.  What is difficult to find is any story that lays out Spanish debt in terms of actual numbers.  Dan Hannan doesn’t do that exactly, but his ten observations in regard to the bailout provide some numbers and a great deal of perspective. [...]

Read the full article →

The 2011 Economy

January 3, 2011

On this first business day of the new year, economic analysts are putting forth their own predictions for the economic situation that will unfold in 2011.  The flailing economy has been one of the major stories for the past two years, and one of the major reasons for the Republican electoral landslide this past November.  [...]

Read the full article →

Nigel Farage: EU Tirade Awesomeness

November 30, 2010

Check out MEP (Member of European Parliament) and UK Independence Party Nigel Farage’s tirade against the EU, their bailout policies, and their disdain for democracy.  I saw this clip on Beck last night and feel that adding it to the echo chamber is appropriate:

Read the full article →

Big Fat Greek Tragedy (Now with Added Bailout!)

May 7, 2010

Greece is in a terrible mess. More union/socialist-led youth violence continues to plague a nation which passed an austerity measure yesterday.  Three people have died in violence this week.  The austerity measure would cut back benefits and spending in order to make up for their massive debt.  The EU will put up 80 million euros [...]

Read the full article →

On TARP, The “Experts” Were Wrong

October 27, 2009

The Wall Street Journal, originally one of the biggest supporters proponents of the Troubled Asset Relief Program (TARP), wrote an editorial today about how they were wrong in pushing for its passage, and that it needs to end immediately.  Unfortunately, the Obama administration is in no rush to end the TARP Program.  The Journal now [...]

Read the full article →

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 [...]

Read the full article →

Craig T. Nelson on Beck

May 31, 2009

Last Thursday, “Coach” Craig T. Nelson was on The Glenn Beck Show talking about taxes and the broken state of California.  There’s been a lot of buzz about this clip, some saying it affected them deeply, others being ridiculing Nelson for appearing ”drunk” during the interview.  Regardless, I do think it’s worth sharing at a minimum because I [...]

Read the full article →

Once You’re TARPed There’s No Going Back

April 6, 2009

Stuart Varney wrote an interesting OpEd in the Wall Street Journal Saturday that just caught my attention.  Apparently, four small banks in Louisiana, New York, Indiana and California have decided to pay back the $340 million TARP bill loaned to them by the Feds last Fall.  Awesome, right?  Just as promised by Paulson last Fall!  Maybe this will start [...]

Read the full article →

Banks Don’t Want Bailout Anymore

March 12, 2009

Banks are looking to return bailout money as Congress and the President attach more and more strings to the money.  It seems that the banks are just happy to go on their own when the Federal Government starts to put restrictions on how to run a business.  Besides restrictions on executive pay, which would seriously [...]

Read the full article →

Need Cash? Visit the Bank of Obama

February 25, 2009

Need some bailout money?  Visit the Bank of Obama, a website started by three guys at a bar (where many good ideas start), and you can get your own Bank of Obama Bailout check.  Of course, in the spirit of capitalism, they will mail you the check for a small fee.  Got to give them [...]

Read the full article →

Bailout, Part II

January 16, 2009

The remaining 350 billion of the $700 billion tarp bailout was released to the Treasury Thursday to do with as it sees fit.  A no-confidence vote was taken in the Senate, and it was defeated 52-42.  It needed passage in both houses to kill the rest of the bill, so any house vote is meaningless. [...]

Read the full article →

Geithner Was Reimbursed for His Taxes

January 15, 2009

Yesterday we reported that Treasury Secretary Nominee Timothy Geithner failed to pay $42k in taxes between 2001 and 2004.  Since then, it has been discovered that he not only didn’t pay some of his taxes for several years running, but that he was reimbursed for those taxes by his employer, the International Monetary Fund. Because [...]

Read the full article →

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

Read the full article →

Obama Treasury Pick Is Tax Evader

January 14, 2009

It appears that Barack Obama’s Pick for Secretary of the Treasury, Timothy Geithner, failed to pay $42k in back taxes between 2001 and 2004.  Considering that one of the Secretary of the Treasury’s responsibilities is overseeing the IRS, does this spell trouble for Obama’s nominee?  How is one supposed to oversee the $350 billion dollars [...]

Read the full article →

Boehner: No More Bailout Money

January 12, 2009

House Minority Leader John Boenher announced yesterday that he opposes releasing the remaining $350 billion of the TARP Bailout fund unless there is a proven need. I think until there is a demonstrated need in our economy and a plan to address that need, I think it would be irresponsible for Congress to release the [...]

Read the full article →

Republicans Stand Strong on Auto Bailout Filibuster

December 10, 2008

It looks like we’re on the verge of seeing the first sortie of the 2010 Election over the issue of bailing out the Big Three automakers, Chrysler, GM and Ford.  The never-ending call from private industry for bailouts are starting to irk the general public. Thusly, a few brave Republicans in Congress are actually both making sense and speaking [...]

Read the full article →

The United Socialist Republic of America

December 8, 2008

America is headed towards a Socialist state.  The current economic crisis, which is directly attributable to government intervention in the free market, is now being used to foster a new Socialist Democracy, threatening the ingredients of freedom that fostered America’s greatness for the past two centuries. As we speak, a deal has been struck between [...]

Read the full article →

Support A Tax Holiday

December 1, 2008

Rep. Louie Gohmert (R-TX) of the Conservative Republican Study Committee is proposing an alternative to the Auto Industry bailout and Economic Stimulus packages, as well as the remainder of the Paulson Bailout money that has yet to be authorized by Congress.  His plan is to use the remaining $350 billion allocated from the bailout money [...]

Read the full article →

The Cost of the Bailout In Perspective

November 25, 2008

Barry Ritholtz is writing a book entitled Bailout Nation, about the current economic crisis and how we are using bailouts to try to solve it.  On his blog, he posted an interesting point, about the cost of the bailout.  When adding in the Citi bailout, the total figure thus far comes somewhere between $4.6 trillion [...]

Read the full article →

It’s Our Money, Congressman!

November 19, 2008

Neil Cavuto had Congressman Joe Knollenberg (R-MI) on his show last night to discuss the proposed automobile bailout.  Now, I understand the importance of the auto industry for Michigan, but Knollenberg, in arguing with Cavuto, stated that the government’s money is not our money. Knollenberg has a point about the auto industry doing everything that [...]

Read the full article →

Repealing the Bailout

November 17, 2008

Senator Jim Inhofe (R-OK) has circulated a letter this week to the Senate, making known his intentions to bring forth legislation in the lame-duck session of Congress to attempt to freeze the remaining funds authorized by TARP (Troubled Asset Relief Program), also known as the Paulson Plan or the Socialist Bailout Fiasco.  From Inhofe’s letter: [...]

Read the full article →

The Socialist Bailout Fiasco

November 12, 2008

Conservatives such as myself warned back in September that the Bailout Bill proposed by Secretary of the Treasury Henry Paulson, passed by Congress, and signed into law by President Bush, was a socialist disaster in the making.  The bill was supposedly passed to help shore up our nations credit and unfreeze the credit markets.  Aside [...]

Read the full article →

Bailout BS

October 29, 2008

Those frequent visitors to this site know that I have been against the Paulson Socialist Bailout Package since its inception, and have felt that it was not necessary to fixing the economy, was put together too quickly to stem a supposed crisis that few understood, and was packed with pork that had nothing to do [...]

Read the full article →

Democrats Aim for New New Deal, McCain Aims for Growth

October 14, 2008

Democrats, eyeing an Obama Presidency and a super-majority in the U.S. House, are working to craft legislation that will usher in a New New Deal, or as they call it, a re-engineering of the New Deal for the 21st century, which will usher in socialism for a generation.  The Democrats see, ironically, the Paulson Plan as the foundation [...]

Read the full article →

SNL Skit Removed from NBC Site

October 7, 2008

This past Saturday, SNL had a funny and dead-on skit about the bailout bill.  It was staged as a press conference featuring President Bush, Speaker Pelosi, and Rep. Barney Frank, and also featured an appearance by George Soros.  The skit does a very good job at looking at the primary people who caused the mess, from [...]

Read the full article →

Wall Street Votes on the Bailout

October 6, 2008

The first full day of market trading since the bailout of all bailouts was supposed to staunch the bleeding of the current economic crisis Wall Street decided to vote.  Thusly, the Dow dropped a record one-day total of roughly 800 points before bargain hunters slowed the bleeding to a loss of about 330 by day’s [...]

Read the full article →

Senate Passes Bailout – America on Path to Socialism

October 2, 2008

The Senate took the country one step closer to Socialism yesterday by passing the now $824-billion dolleditar bailout package in a 74-25 vote.  In addition to the $700-billion figure proposed by Paulson, the package now contains an extension of the FDIC insurance cap from $100,000 $124 billion in “sweeteners” to help win over congressional votes:  A [...]

Read the full article →

Where Have All the Conservatives Gone?

September 30, 2008

I enjoy reading National Review’s The Corner.  It is a great blog with some great contributors, from K-Lo, to The Great One (Mark Levin).  For the past two days, however, reading some of the contributors on the Corner has gotten my blood boiling.  From Rich Lowry and his friends, to Victor Davis Hanson, Ramesh Ponnuru, Peter Wehner, and Jim [...]

Read the full article →

Bailout Fails — What Next?

September 29, 2008

The proposed $700 Billion Bailout failed to pass today, 207 for, 226 against.  In reaction, the DOW dropped 700+ points, before rallying again to around  a 300-point drop for the day, and is now bouncing between a 300 and 600 point drop.  As expected, the majority of conservatives opposed the bill (66 for, 132 against) but [...]

Read the full article →

Let the Private Sector Fix the Economy

September 29, 2008

Hat tip to MrsSal for finding this one.  With the $700 Billing Bailout package looming, the Boston Globe reports today that investment firms such as Bain Capital want a chance to bid on the distressed assets that the government is planning to “bail out.“  From the article:  Boston’s Bain Capital and Bank of New York [...]

Read the full article →