Previewing the Obama administration’s upcoming “sweeping” environmental regulatory agenda, EPA Administrator Lisa Jackson told NPR‘s Michelle Norris yesterday: “The President has said, and I couldn’t agree more, that what this country needs is a one single national road map that tells automakers who are trying to become solvent again what …
Markets are weighed down by worries over the new swine flu and the ongoing stress flu; the former from Mexico, the latter from the Treasury Department. Recently, Treasury added markedly to market uncertainties by suggesting it would convert federal capital injections from preferred shares of banks to common shares. This …
Rule of law? Who needs it! That seemed to be the message of the Obama Administration as it seeks to maneuver around restrictions imposed by Congress on bailout recipients. As the Washington Post describes, the Administration is laundering money to bailout recipients by “set[ing] up special entities that act as …
Bloomberg reports today: The Federal Reserve’s $1 trillion effort to restart the market for securities backed by loans is encountering resistance from investors, undermining Chairman Ben S. Bernanke’s attempt to further drive down borrowing costs. … Investors are concerned that Congress, while responding to taxpayer anger over bank bailouts, hasn’t …
Jon Stewart wasn’t the only one to make fun of the Obama Administration for turning the White House into a car dealership. Jay Leno was on the case too: [youtube]http://www.youtube.com/watch?v=d0FJxC2DE_4&feature=channel_page[/youtube] Leno’s entire monologue should eventually be viewable here.
George Mason University economics professor Russell Roberts has a line by line rebuttal of President Barack Obama’s auto sales pitch from yesterday. Read the whole thing, but we liked this paragraph the best: Therefore, to support demand for auto sales during this period, I’m directing my team to take several …
Jon Stewart was awesome last night: The Daily Show With Jon Stewart M – Th 11p / 10c Carmageddon ’09 – Lemon Aid comedycentral.com Daily Show Full Episodes Economic Crisis Political Humor
