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    These People Deserve a Bailout?

    This week Capitol Hill is focused on bailing out the Big Three auto makers. But come January throwing money down the Detroit money hole will just be one of many schemes the Obama administration and his liberal majorities in Congress will be pushing. Sen. Chris Dodd (D-CT), of Countrywide Financial … More

    Morning Bell: Paulson's Part of the Problem

    Before he became Treasury secretary, Hank Paulson firmly believed the government had no business interfering in financial markets by banning the short selling of financial stocks. But by mid-September of this year, while Lehman Brothers was on the verge of collapse, Paulson pressured the Securities and Exchange Commission to ban … More

    Understanding Russia's Financial Crisis

    MOSCOW — The financial turmoil in Russia might not be all-embracing yet, but some of its features suggest its gloomy prospects. Big business’ lack of confidence in national economy is what primarily strikes the eye. Speaking at a Cabinet meeting last week, Prime Minister Vladimir Putin unveiled scandalous information concerning … More

    Progressive Corporatism at Work

    The most important thing to remember as Capitol Hill debates the auto bailout this week, is that the incestuous relationship between big business, big labor, and big government is not confined to the auto sector. Instead it infects everything Washington touches. CATO’s Dan Mitchell writes: Naive and/or deceptive politicians often … More

    The Hedge Fund Manager Who Cried Wolf

    George Soros has written three books warning of an impending financial crisis. He admits to being like the boy who cried “wolf,” adding he was right the third time. Assuming Soros was on to something all along, what is his next warning? Against overregulation. Here’s what Soros told the House … More

    Morning Bell: Do You Trust Congress to Run the Auto Industry?

    Both the House and the Senate are set to gavel back into session this week, and both chambers’ first order of business will be a proposed bailout for Detroit’s Big Three: General Motors, Ford and Chrysler. Rep. Barney Frank (D-MA) and Sen. Carl Levin (D-MI) will introduce legislation to carve … More

    China's Public Relations Stunt

    Derek Scissors, a research fellow for Asia economic policy, says the world leaders meeting in Washington for the G-20 summit should view China’s stimulus package as an expensive public relations move. [youtube]http://www.youtube.com/watch?v=JSB28WHrv7U[/youtube]

    Czars We Can Believe In

    The communists that dethroned Czar Nicholas II were the first to implement “central planning” but President-elect Barack Obama is doing his best to match both the czar’s and the communist’s commitment to autocratic style. Just this week alone there have been reports of an auto czar, an energy czar, and … More

    Morning Bell: Washington's Unprecedented Power Grab

    On Nov. 9, the communist Chinese government announced a $586 billion economic stimulus plan that party leaders hailed as a “New Deal” for the people. Here in the United States, a supposedly “conservative” administration has already enacted $333 billion in “emergency” spending bills and another $105 billion in tax rebate … More

    Theft Done Right

    George Mason’s Don Boudreaux has a snappy response to Center for American Progress suggestions that If It Happens, The Auto Industry Bailout Needs To Be Done Right: While it’s true that some ways of bailing out this industry would be less harmful than other ways, there is absolutely no “right” … More