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    New Year, New Federally-Owned GMAC

    If President Barack Obama’s New Year’s resolution was for the federal government to stop taking majority ownership in private corporations, he’s off to a bad start (or he decided to get one more in before 2010). Yesterday, the government indicated it will provide $3.8 billion in additional aid to GMAC … More

    Fannie and Freddie: The Sky’s the Limit

    While most of us were at home waiting for Santa and his reindeer to arrive, a gift arrived for mortgage giants Fannie Mae and Freddie Mac, as the Obama Administration lifted caps on how much bailout money they can receive from the U.S. Treasury. The old limits for the firms, … More

    House Democrats Double Down With Another Stimulus

    Albert Einstein famously defined insanity as “doing the same thing over and over again and expecting different results.” So after a $787 billion stimulus that was supposed to create (not merely save) 3.3 million net jobs but instead saw 3.4 million net jobs lost, House Democrats this week have doubled … More

    Video: Barney Frank's Permanent TARP

    As early as today, the House is set to approve Rep. Barney Frank’s (D-MA) financial regulation bill intended to prevent future Wall Street bailouts by granting regulators sweeping new powers to control firms deemed “too big to fail.” But as Heritage Senior Research Fellow David John explains below, the Frank … More

    President Obama's Mad-Lib Speeches

    It has become conventional wisdom that President Obama tries very hard to be all things to all people when he gives a speech these days. While it often makes for excellent oratory, it rarely inspires action or advocacy on his behalf. In fact, after his recent address on Afghanistan, given … More

    Government in the Way Again at GM and Chrysler

    There’s new evidence that General Motors and Chrysler, both owned partly by taxpayers, are still facing interference in the way they are run. The latest example comes not from the Obama Administration, but from Congress. At issue are the closures of over 2,000 dealerships announced by the two firms last … More

    TARP: Will This Crony Capitalist Slush Fund Ever Die?

    It’s been used to buy one car company, give another to union allies, punish non-union workers, undermine the bankruptcy code, enrich Wall Street at the expense of Main Street, keep unionized Zombie firms from dying, and generally terrorize the world economy. Now the left in Congress wants to use it … More

    Morning Bell: Big Labor Is Bankrupting Our Country

    Last month when the White House released its visitor log for the first six months of the Obama presidency, one name appeared far more often than any other: Service Employee International Union (SEIU) President Andrew Stern. Stern has every right to expect to be welcome in the Obama White House. … More

    The Public Uselessness of Crony Capitalism

    The Washington Examiner‘s Tim Carney points to news from The Hartford Courant that the development project at the center of the Fifth Amendment takings clause case Kelo v. City of New London has just been abandoned by Pfizer. Watch The CATO Institute’s recitation of the case: [youtube]http://www.youtube.com/watch?v=4N1svadJQ40[/youtube]

    TARP Enables Big Labor Crony Capitalism Again

    Nolan Finley at The Detroit News reports: Workers in Barack Obama’s new economic order fall into two categories — those who are worthy of the president’s energies, and those who aren’t. You may be surprised to learn where you rank. Obama doesn’t weigh the value of workers based on their … More