We haven’t gotten to killing CEO’s just yet, but members of the United States Senate are falling all over themselves in a race to see who can be most abusive to America’s CEO’s. It is probably only a matter of time. It’s also a sadly predictable game. Everyone hates Senators so Senators must go after those they perceive as even less popular than themselves. The | Read More »
Note: I was asked why I’m posting the full list if we’re less than 12 votes away from beating Obama on this. The reason is because over the weekend I expect the Democrats to pull some tricks and make some promises to wavering Blue Dogs. We need to keep the pressure up today so they don’t go wobbly over the weekend. Get on the phone | Read More »
The Blue Dog Democrats are wavering on supporting H.R. 2346, the 2009 Supplemental Appropriations Act. How do I know? Sources tell me Rahm Emanuel is trying to sweeten the package. Remember: H.R. 2346, the 2009 Supplemental Appropriations Act, will provide funds to the International Monetary Fund to bail out European banks. We can stop it. Target their home offices. Below, find your state, find your | Read More »
It is bad enough that we’re bailing out domestic banks. Barack Obama now wants to bail out European banks via funding for the International Monetary Fund (“IMF”). Humorously, there is a unique coalition forming on this because part of the legislation is also tied to war funding and the Graham-Lieberman amendment to stop the release of photos showing alleged torture. The whole thing has gotten | Read More »
Democrat Ben Cardin wants to bail out newspapers. Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies. Under this arrangement, newspapers would still be free to report on all issues, including political campaigns. But they would be prohibited from making political endorsements. Advertising and subscription revenue | Read More »
Newt Gingrich is out today with some helpful pointers for the Obama Administration. he wants an end to the bailouts that keep getting us into bigger messes. Thanks to the Bush-Obama-Geithner policy of bailing out failing companies, we now have the worst of all possible scenarios: A taxpayer subsidized, government supervised private company; an unsustainable public/private hybrid that is too public to make its own | Read More »
Welcome Andrew Sullivan readers! Remember: PETA likes pleather, not leather. I am sitting in a Dean & Deluca enjoying a café au lait (hey, I’m from Louisiana, deal with it) looking out at the scrolling news sign at NBC News. The headline that just scrolled past read “Bernie Madoff Spends First Night in Jail.” We have a guy who ran a ponzi scheme that stole | Read More »
During lunch I was a bit surprised that the subject of the bailouts had not come up. As lunch was winding down, I asked the Vice President his thoughts. He’d been quoted in the past, whether accurately or not, that deficits do not matter. I wanted to know if he thought they did. I never got a direct answer on that, but what he said | Read More »
When people on the left start favorably linking to this Wall Street Journal article, you know the bailout has problems. [I]n the other American auto industry you rarely read about, car makers are gaining market share and adjusting amid the sales slump, without seeking a cent from the government. These are the 12 “foreign,” or so-called transplant, producers making cars across America’s South and Midwest. | Read More »
Rep. Louie Gohmert (R-TX), a member of the Republican Study Committee, has had enough of Congressional bailouts. Right now there is $350 billion left of he $700 billion Congressional bailout funds. He has an alternative to more bailouts: a two month tax holiday. Gohmert’s tax holiday plan is elegant in its simplicity: every American taxpayer would pay no federal income or FICA taxes for the | Read More »
We were, around these parts, fairly divided on the original bailout. Some of us thought it needed and some of us thought it perhaps needed, but a terrible idea and a road we should not travel. Well, now we know. The bailout gave Hank Paulson a pile of cash that he is spending on his friends on Wall Street without very little accountability — the | Read More »
The Don’t Go Movement has up a petition I’d encourage you to sign. It’s to ask the government to not bail out the auto industry. From the letter accompanying the petition: A free market is a market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers. If the seller, or the buyer, finds that | Read More »
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