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    Oh My God, They Admitted It

    Great catch by Brian Faughnan over at Red State. He flags this Barney Frank interview with NPR: But let me ask you about the first thing you said, Congressman, because you said you don’t think $25 billion is enough. Right, I’m trying to explain to you how it works. OK. … More

    Chapter 11 Bankruptcy Was Invented for GM

    Bankruptcy expert and George Mason University School of Law professor Todd Zywicki makes a concise case for why GM must enter bankruptcy before the federal government gets involved: GM (or the others, but I’ll use GM to illustrate the point) presents an unusually good case for Chapter 11 reorganization. GM … More

    Video: Gattuso on Hardball with Chris Matthews

    Heritage Senior Research Fellow James Gattuso appeared on Hardball with Chris Matthews last night to talk with Pat Buchannan about the auto bailout. Gattuso has also written about the bailout.  [youtube]http://www.youtube.com/watch?v=GnOV8okhQgA[/youtube]  In the interview Pat Buchanan stated Heritage is completely subsidized. … You get all this money from big fat corporations. … More

    Protectionism Promotion

    There are already so many good reasons Congress should deny the Big Three a bailout, but the cost it will inflict on America’s free trade leadership could be the most dire. The Wall Street Journal’s Matt Slaughter writes: Will a U.S.-government bailout go ignored by policy makers abroad? No. A … More

    A Plan a Day Keeps Investors Away

    Earlier this week we documented how Treasury Secretary Hank Paulson’s erratic behavior has become perhaps the single most disruptive force in the global economy. But he is just one of many government actors throwing more uncertainty into an already volatile marketplace. Federal Deposit Insurance Corporation Chairwoman Sheila Bair has been … More

    Morning Bell: The Perpetual Bailout Machine

    Failure is a part of U.S. business culture. That is why Americans feel extremely comfortable buying tickets from bankrupt airlines, electronics from bankrupt retailers, and apartments from bankrupt builders. To paraphrase a popular bumper sticker: bankruptcy happens. Bankruptcy does not have to be the end for any business. Instead bankruptcy, … More

    With the Left in Power, Only Morons Pay Their Mortgages

    Reporting on Fannie Mae’s and Freddie Mac’s new program to reduce monthly mortgage payments for those people who have missed at least 90 days worth of payments, The San Francisco Chronicle’s Kathleen Pender reports: Peter Schiff, president of Euro Pacific Capital, predicts that many homeowners who have little or no … More

    Sanity to Prevail on Card Check?

    President-elect Barack Obama’s chief of staff Rahm Emanuel declined to reassert Obama’s campaign promise to end the secret ballot in union organizing elections yesterday. The Wall Street Journal reports on Emanuel’s presentation to the WSJ CEO Council: He was asked his views on the push by labor unions to allow … More

    How Are We Different Than Communist China, Again?

    Barack Obama pushes for a $500 billion stimulus. Communist China announces a $586 billion economic stimulus. Barack Obama is pushing for a government bailout of U.S. auto makers conditioned on putting “a government representative on the boards of rescued auto makers, to ensure they hew to conditions attached to the … More

    Sending Arsonists to Fight Fires

    In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting fires: One would think that, since the government created the crisis, they should fix it, right? No. They should STOP interfering with the markets, not … More