Tag: "Government Bailouts"
Did Ford Taste the Power of the Pimp Hand?
I don’t quite know how to say this, but there’s a very good chance the Obama administration might have an Abuse of Power scandal brewing today. Yes, I know. You’re probably saying to yourself, “Abuse of Power? Those meek little lambs? Impossible!” On the other hand, you might also say, “Jimmie, I know all about Operation Fast [...]
Could You Use $4000? Too Bad We Don’t Work for President Obama’s Favorite Car Company
On the surface, it should be good news when a company is doing well enough that it can pay out almost $190 million dollars in bonuses to its rank and file salaried employees. If the directors are good with it, the creditors are in good shape, and the company is doing well, employees ought to [...]
What’s That Saying: Feed a Bureaucracy, Starve a FOIA Request?
How dedicated is this administration to transparency and open government? Well, shortly after his election the President issued forth a memorandum to all his department and agency heads that said our government was henceforth “committed to creating an unprecedented level of openness in Government”. Not long after that he issued another memeorandum to those same [...]
Barack’s New Cabinet Department
Once upon a time, Dave Barry proposed the Department of Two Guys Named Victor, who could take care of, err, difficult foreign leaders who vexed our nation. It seems like the administration has taken him up on that idea only the guys aren’t named Victor, they don’t go after foreign enemies, and they don’t work [...]
The Democrats’ Kangaroo Court
This week, two Congressional committees are holding hearings on the alleged accelerator problems with Toyota vehicles. Combined, 59 Democrats sit on these panels, which command enough power to fatally cripple the company by seriously restricting its ability to sell cars in the United States. Here’s the kicker. Of those 59 Democrats, 31 have received campaign [...]
Tales of Government Payback, the Automotive Sector Edition
Promises with this government aren’t kept so much as they’re repaid. If you haven’t stuffed a few million dollars in earnest money into the coffers of certain politicians, don’t expect that Washington’s going to look after you. Decades ago, when Deborah Hampton was a young divorced mother of two, her father encouraged her to go [...]
Next on the Bailout Express: The FHA!
So far, in the past ten months, we’ve bailed out several large financial companies, a few thousand banks, two of the three big automakers, dozens of state governments (thanks to Stimulus Bill make work programs), and nearly every progressive pet project under the sun. So, what’s left to bail out? Well, how about all those [...]
New Book Alert: Johan Norberg on the Mortgage Crisis
If you have some concern about where the many government bailouts and the massive debt they have created is leading us, these two posts by Stacy McCain should be right up your alley. Even if you’re not terribly concerned, I recommend them to you. Stacy interviewed Johan Norberg, who has written a brand-new book about [...]
That’s What You Said