what’s different
I don’t like federal interference in private industry. Have I made that clear enough yet? That means I would have been opposed to former Treasury Secretary Paulson, acting (I assume) on the orders of President Bush, putting heavy pressure on the head of AIG to step down after AIG received one of their many sacks [...]
ringing endorsements
First, we have EU President and the Czech prime minister, Mirek Topolanek, and his comments about the stimulus:
From the New York Times (which has sounded rather sensible on fiscal issues lately)-
The European Union’s crisis of leadership during the economic downturn was thrown into sharp relief on Wednesday, as the current president of the 27-nation bloc [...]
the department of slow learners
NONE OF THESE BAILOUTS ARE WORKING!!!! So what does this clown want to do? That’s right. He wants to throw more money at the problem we aren’t fixing (in addition to the 50 zillion other bailouts we as taxpayers have already funded, and the bonuses paid to other companies as well as [...]
what a joke
You know all this fab populist outrage at AIG’s behavior from our President, Senator Schumer, Senator Dodd, Senator Grassley, and Barney Frank? Well, Congress knew about these bonuses before now. WAY before now. If any of these guys supported any of the bailouts, but especially the AIG bailouts, with no strings attached, [...]
i’m with the populists (sort of)
Let me preface my opposition to the AIG bonuses by acknowledging a few arguments made by my friends on the right. The government bailouts were not the correct response to our financial woes. The most basic economic and domestic lesson we can learn is that throwing money at a problem doesn’t automatically fix [...]
just let them fail already
Enough is enough. We need to stop investing taxpayer money in failed businesses. AIG has had way too much of the government pie already. Stop the insanity. No more money for AIG.
kill the pig, rescue the taxpayer
Those who are still pushing this absolutely-must-have-right-now-or-the-world-will-explode “emergency rescue plan” aren’t all that concerned with sticking to the $700 billion price tag. Is it too much to ask from this Congress that we have a straight up-and-down vote on whether we should bail out private industry? Why yes it is. They just couldn’t resist adding [...]
more on the “rescue plan”
One day after the House Republicans, with the help of a significant number of Democrats, stopped this disaster of a federal bailout, the world hasn’t collapsed. The Dow rebounded a little today after its terrible day yesterday. I still think those who voted against this bill did the right thing. I am, however, unsympathetic to [...]
more reservations
There’s now a possibility that our Congress may pass a slightly modified version of Bush’s socialist bailout. I guess we should be grateful that the House Republicans were allowed some input in the current draft, because it could be much worse than it is. However, it’s not clear that the House Republicans got enough of [...]
just say no
Senator DeMint gives the Paulson bailout plan a very emphatic thumbs down.
From his Senate website:
After reviewing the Administration’s proposed bailout plan, I believe it is completely unacceptable. This plan does nothing to address the misguided government policies that created this mess and it could make matters much worse by socializing an entire sector of the [...]
