• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • TARP

    TARP Repayments: "Letting Banks Slither Away from the Grasp of the Government"?

    Yesterday, the Treasury Department announced that 10 financial institutions had been cleared to return their TARP bailout money — totalling some $68 billion to the government. This is good news — taxpayers are finally getting some of their money back, and banks look to regain their independence, putting the threat … More

    Is An Automaker a "Financial Institution"? You Decide

    Yesterday afternoon, Supreme Court Justice Ruth Bader Ginsburg issued an order delaying the sale of Chrysler’s assets to a new firm controlled by Fiat, in order to more fully consider claims by a group of Indiana pension funds that the process violated federal law. A key argument made by the … More

    Obama Administration: "Totally Clear" That Government Should Run Companies

    Obama administration Council of Economic Advisers member Austan Goolsbee was on Fox News Sunday yesterday defending Obama’s intervention in the economy. In the clip below, he is actually defending the White House’s new pay czar, but his logic applies equally well to any of Obama’s new companies, from AIG to … More

    Obama's Broken Transparency Promise: Government Motors Edition

    Despite his many promises to the contrary, President Barack Obama has repeatedly failed to bring transparency to the federal government. That failure now continues with the Obama administration’s nationalization of General Motors. The Detroit Free Press reports: A day after filing for a bankruptcy reorganization that will be largely financed … More

    Barack Obama, General Motors, and Your Health Care

    Announcing the nationalization of General Motors this Monday, President Barack Obama insisted, “What we are not doing — what I have no interest in doing — is running GM. … When a difficult decision has to be made like where to open a new plant or what type of new … More

    The Not So Reluctant Shareholder

    Yesterday, after President Barack Obama again insisted he did not want to run General Motors, we questioned just how reluctant a shareholder the Obama administration will be. Thanks to the Wall Street Journal, we’re beginning to get our answer: The President is so busy not running GM that he had … More

    Morning Bell: Government Motors is Not the Answer

    At midday today, President Barack Obama will announce details of his administration’s $30.1 billion plan to restructure General Motors. Despite claiming that the administration “will not interfere with or exert control over day-to-day company operations” it is instructive that this announcement is being made by the President, from the White … More

    Government Motors: Exit Strategy Needed

    Heritage fellow James Gattuso: Congratulations: If you are a U.S. taxpayer, you will soon be a part owner of a car company. Under the latest reorganization plan for General Motors, Uncle Sam would take ownership of 72.5 percent of the troubled automaker while providing an additional $30 billion in funds … More

    Morning Bell: The Largest Expansion of Government Ever

    Speaking to a celebrity studded fundraiser for the Democratic National Committee in Beverly Hills last night, President Barack Obama humbly proclaimed he “would put these first four months up against any prior administration since FDR.” Actually, let’s do that. Since taking office, President Obama has: Continued to fast-track government control … More

    Rule of Law: Good for Retirees or Only Terrorists?

    Today President Obama stood on the world stage and demanded that suspected terrorists be treated under the “rule of law.” In fact, he used the phrase “rule of law” eight times. It is now time for him to use the phrase “rule of law” when it comes to Americans. In … More