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 [...]
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 AIG). No second [...]
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, then they are [...]
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 it. That’s [...]
reason reviews the “stimulus”
From Reason mag’s original analysis by Veronique de Rugy: There are many more bad policies and spending decisions in the Senate stimulus bill, but even a cursory glance at the parts outlined above give a good sense of the overall legislation—and what is likely to be signed into law by President Obama. And here is [...]
rasmussen
67% Say They Could Do A Better Job On The Economy Than Congress, and 44% believe that “a group of people selected at random from the phone book would do a better job addressing the nation’s problems than the current Congress”, according to the latest Rasmussen poll. I suppose you can make polls say whatever [...]
better to remain silent
But no…Chuck Schumer must speak and say something stupid. Here he is: Why else would the American people oppose this bill? This stimulus bill will NOT fix the economy for a variety of reasons. One of those reasons is that most of the new spending projects won’t provide any immediate benefit to the average person. [...]
hilarious
Russian PM Putin (yes, that one) pans the stimulus bill – “”There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.” Posted without further comment…
nyet
All of the House Republicans voted against the stimulus package. Good for them. President Obama doesn’t need their support, and he shouldn’t expect it when the legislation being proposed doesn’t achieve (or come close to achieving) what should be the primary objective — stimulating the economy. This is pork-laden legislation as well as some tax [...]
