Banks Not Out of Trouble Yet
The Congressional Oversight Panel of the Troubled Asset Relief Program (TARP) reports that “The financial system [remains] vulnerable to the crisis conditions that [the bailout] was meant to fix.” Close…
Corporate Welfare/Bailouts
Hold Paulson Accountable
John Berlau, who directs the Center for Investors and Entrepreneurs at the Competitive Enterprise Institute, has a great op-ed on Henry Paulson, President Bush’s disastrous Treasury Secretary. It begins: As…
$24 TRILLION IN BAILOUTS!!!
“The total potential federal government support could reach up to $23.7 trillion,” said Neil Barofsky, inspector general for the Troubled Asset Relief Program, referring to efforts to “fix” the nation’s financial…
Hurricane Hank to Hit Hill Tomorrow
Fascist Henry “Hank” Paulson, Treasury Secretary under President George W. Bush, is scheduled to testify before a congressional committee tomorrow about the threats he made to Bank of America CEO…
Vadum on Fox Biz About Michael Moore’s Strange Ideas
I was on the Fox Business Network’s show “Happy Hour,” on June 2. The three co-hosts interviewed me about Michael Moore’s strange ideas about what to do with empty General…
Fascism and Michael Moore’s Dumb Ideas About Government Motors
Fascism, or more precisely, Mussolini-style corporatism, continues to advance in America with nary an objection. The planned government takeover of General Motors, which filed for bankruptcy protection today, is…
Smoot-Hawley by Stealth
Looking up from their particular circle of Hell, Senator Reed Smoot (R-Utah) and Representative Willis C. Hawley (R-Oregon) must be laughing. They must realize that President Obama and congressional Democrats are infinitely…
Federal Aid is Top Revenue for States
It’s a historic first — and a very bad one at that. USA Today reports […] Uncle Sam has supplanted sales, property and income taxes as the biggest…
Quin Hillyer on Fascism
Quin Hillyer of the American Spectator has a good article on the parallels between Mussolini’s Fascist corporatism and the misguided economic policies embraced by the federal government since the…
Soros Critiques Obama’s Bank Policy
The preeminent funder of the American left, financier George Soros, an early supporter of President Obama, is now hitting Obama from the left. In an interview with Yahoo! Finance, Soros…