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From the category archives:

bailout funds

One Liners

August 20, 2009

- One nice thing about Bill Clinton's presidency was that you could oppose his policies without being called a racist (mostly).
- People who think Bush went into Iraq to enrich Halliburton have no right to complain about the Birthers.
- When you go looking for "code words" for racism, aren't you just making stuff up [...]

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Enough Already – Stop Cap-And-Trade

June 28, 2009

“Whenever any form of government becomes destructive of these ends – life, liberty, and the pursuit of happiness, it is the right of the people to alter or abolish it, and to institute new government.” – Thomas Jefferson
Allow me to construct a hypothetical set of circumstances. Let's say our country was in the midst of [...]

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The New American Economic Model

June 7, 2009

In the last nine months, we have learned a great deal about how "free market" economics in America really works. With all the bailouts of financial institutions (TARP), automobile companies (TARP), and federal/state/local governments (Stimulus package), it has become clear that our economic model is – profits are privatized (paid to investors), and losses are [...]

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If You Can't Dazzle 'Em With Brilliance…

May 9, 2009

Baffle 'em with you-know-what.
If Washington D.C. has a credo, that must surely be it. The media isn't far behind.
But before I get into that, I'd like to take a moment to thank President Obama for saving us all from last week's swine flu pandemic (worldwide epidemic). Just think, if Bush was still the President, [...]

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Firms Not Allowed To Return Bailout Money

March 31, 2009

An increasing number of banks and Wall Street firms that took bailout funds from the government under the TARP program want to give the money bank. One problem – the government won't let them. I'm not kidding.
"It should be called 'TRAP,' not TARP," said Brian Garrett, chief executive of Bank of the Bay in [...]

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Send In The Clowns

March 31, 2009

If you want to see a classic example of how our government acts outside the law, watch this video with Glenn Beck ripping Connecticut's Attorney General a new one over the AIG bonuses. The good stuff starts about 1:30 into the video. Watch the AG squirm and stutter for 11 minutes as Beck continually [...]

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Auto Industry Running On Empty

March 31, 2009

Let me be clear: "The United States government has no interest or intention of running GM." – President Barack Obama
And then Obama forced GM CEO Rick Wagoner to resign, told Chrysler it has to merge with Fiat or go into bankruptcy, and told GM it better restructure or it will go into bankruptcy too. link [...]

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The Politics Of TARP Funds

March 24, 2009

Congress gets very upset when TARP bailout money goes to corporate employee bonuses, corporate jet rides, and corporate golf tournaments.
What Congress doesn't get so very upset about is when TARP bailout money goes to Congress, in the form of campaign contributions.
In recent filings with the Federal Election Commission, the political action committee for Bank [...]

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