Bailouts and Stimuli
Some impressions: China’s fiscal stimulus aims at improving national infrastructure, including building national electrical systems and installing hundreds of new subway lines (Good) Europe’s fiscal...
View ArticleWhy not just have the Department of Health and Human Services build cars?
Calculated Risk links to this Wall Street Journal article about how the Obama administraton is trying to help GM and Chrysler avoid bankruptcy. Avoiding bankruptcy means less court review of the...
View ArticleThe Banana Republic of Goldman Sachs
Props to Peking Duck @ Twitter for linking to this article: The Quiet Coup – The Atlantic (May 2009) In its depth and suddenness, the U.S. economic and financial crisis is shockingly reminiscent of...
View ArticleWill Eric Holder prosecute Tim Geithner if he covers up “Stress Test” Results?
After initially being very critical of Eric Holder (Obama’s Attorney General), I praised Mr. Holder for setting aside the ill-gotten verdict against former Senator Ted Stevens. While I realize that...
View ArticleOnly fools pay their mortgages. Wise men have friends in the Treasury
I told you so: When I first called Chase in October, a representative named Sarah said I didn’t qualify for a loan modification because I wasn’t yet 90 days past due. The only “loan modification” she...
View ArticleThe Choice of Accelerating our Decline
Charles Krauthammer says decline is a choice. Tom Barnett calls this the most pathetic thing Krauthammer has ever written. Ginny talks about Obama’s “reflexive anti-Americanism and supports...
View ArticleThe Third GMAC Bailout
Barack Obama will bail out GMAC for a third time. This is necessary, Barack Obama thinks. Otherwise, UAW unionists might lose their jobs. This is necessary, Barack Obama thinks, because otherwise...
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The Collapse of Newspapers
Don’t worry, the New York Times bailout is on its way. It won’t even need an act of Congress — Tim Geithner will just give some TARP slush-fund money to newspapers that are sufficiently pro-Obama....
View ArticleThe AIG Emails
AIG is a branch of the federal government that has lost tens of billions of dollars due to mysterious, never-explained actions by its officers. So let us see their emails.. let us know how they lost...
View ArticleMore on Obama’s Child Pornography Bailout
As Slashdot notes, body scanners can store and email nude photos of you, your family, and your kids to strangers. But don’t worry. I’m sure no TSA employee will screw up badly enough for anything to...
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