by Charles Hurt. All that for nothing. It was the billion-dollar election that did not decide one single damned thing. Republicans control the House. Democrats control the Senate. And the White House remains in Democratic hands with absolutely no mandate whatsoever. Another four years with no hope of change. In
this environment with this ... MORE
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
More Years For Obama, More Tears For America
by Charles Hurt. All that for nothing. It was the billion-dollar election that did not decide one single damned thing. Republicans control the House. Democrats control the Senate. And the White House remains in Democratic hands with absolutely no mandate whatsoever. Another four years with no hope of change. In
this environment with this ... MOREMatt Cover: Obama Bailout Claim Off By $24 Billion
Obama: "got back every dime." CBO: lost $24 billion. President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system." According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to rescue the financial system, but ... MOREJacob Sullum: The Democrats' Fake Freedoms
Unable to distinguish between rights and subsidies. Sandra Fluke’s claim to fame, aside from provoking Rush Limbaugh's misogynistic ire, is that she chose to attend Georgetown Law School, knowing full well that the Catholic university's student health plan did not cover birth control, and then demanded that the policy be changed ... MORE
Investors.com: Better Off? Let's Count The Ways We're Not
No, the country is not making slow progress. All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There's a good reason for that: We're not. It wasn't until Monday that the campaign was able to figure out how to answer the question, with Obama's deputy campaign ... MOREA Government Of Unions, By Unions And For Unions
by Matt Patterson. In 2009, the U.S. government bailed out the auto industry, ostensibly to save the livelihoods of thousands of Americans who work for automakers and their supporting companies. Sounds nice, except that this federal largesse was not distributed equally. In fact, some employees who were also members of the powerful, politically ... MOREJohn Stossel: Who Is Paul Ryan?
Does he really believe in the free market? I wanted to like Paul Ryan. Before he was nationally known, Rep. Ryan visited me at ABC, and we went to lunch. He was terrific. He was a rare politician, one who actually cared about America's coming debt crisis and the unfairness of entitlements. He even talked about F.A. Hayek's "The Road to ... MORE
Government-Subsided Automaker Recalls Hybrid Firetrap
by Becket Adams. Electric-car maker Fisker Automotive is recalling all of its $100,000 Karma sports sedans to fix cooling fans that can catch fire. The recall comes after Fisker and a private fire investigation firm finished probing an Aug. 10 fire in a Karma in Woodside, Calif. It was the second of its kind. The company said the probe found that the blaze started in ... MORE
Amy Payne: Taxpayers' Auto Bailout Losses Mounting
UAW the winners, taxpayers the predictable losers. Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration. ... MOREDavid Henderson: The Growing Dangers Of Cronyism
A corrupt game of political privilege. The 2012 campaign trail has been rife with accusations of “cronyism” from both sides. Anger over backdoor deals between government and business has spurred an uptick in legislation, regulation, and oversight. Here’s the problem: with an increase in government comes an increase in privileges for special interests. ... MORE
Shaun Connell: What Is Capitalism, Anyway?
Understand it before you decide to hate it. People complain about capitalism almost anytime something socially undesirable occurs. Kim Kardashian's marriage lasted 15 seconds? That's capitalism, for you. People are eating unhealthy food because it's "cheap"? That's capitalism's fault. The poor are getting poorer while the banks are getting ... MORE
Steve Conover: The Essential Lesson Of The Auto Bailout
Punishing success. What do companies get when they act responsibly? Government-subsidized competition. On July 5 in the swing state of Ohio, President Obama treated voters to his campaign-2012 synopsis of the 2009 auto industry bailout: "When the American auto industry was on the brink of collapse and more than one million ... MORE
Ed Carson: GM Bailout Has Now Cost Taxpayers $35 billion
Stock shares close in on record low. General Motors (GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough luck investors. But this is Government ... MOREWashington Examiner: Congress Robs Taxpayers Twice
A bipartisan fleecing of the American taxpayers. While the nation was distracted with the Supreme Court's Obamacare ruling last week, Congress passed a $96 billion double-bailout that only guarantees future bailouts in the years to come. On Friday afternoon, within half an hour of one another, both the House and Senate voted to reauthorize the ... MOREBarry Poulson: Greatest Threat To Our Economic Freedom
The silent bailout of the states. A conflict has emerged between states that have pursued prudent fiscal policies versus those that have been profligate in their spending, accumulating crippling amounts of debt. While the danger of this disparity has not yet captured public attention, the “silent bailout” of these fiscally irresponsible states by the ... MOREJonathan Hoenig: The Economic Police State
When the economy is not free, neither are you. Taking a page from the United States, Argentina announced plans last week to stimulate its stagnant economy with no-cost housing loans. The idea is to boost growth by intervening in the supposedly "free" economy. It won't work. Japan's decades of infrastructure spending, government- ... MORE
Laffer & Moore: Obama's Real Spending Record
Stimulating a disaster. President Obama shocked us the other day when he said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years." Having heard him champion the "multiplier effects" of deficit-financed stimulus spending, we saw him as an enthusiastic supporter of throwing other people's money at just about any ... MORE
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