RNC Vice-Chair throws down the gauntlet on bailout socialism

By: Bill S (Diary)  |  January 1st at 11:39 PM  | 

On Tuesday, James Bopp Jr., RNC vice-chairman, submitted a resolution to the RNC that labels the recent “bailouts” of the finance industry and the Big 3 as “socialism”. This is a bit different for the RNC, as the organization normally does not involve itself in policy-oriented activity (past establishing the party platform). Fox news reports: The statement says the rescue packages are “moving our free-market | Read More »

White House calls a timeout on the auto bailout

By: Bill S (Diary)  |  December 14th at 11:11 PM  | 

Looks like taking money from the TARP fund to support an auto bailout isn’t as much of a slam-dunk as it appeared yesterday. It’s being reported this evening that the WH isn’t quite ready to pull the trigger on a bailout. From Reuters: President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry’s fate clouded | Read More »