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  • Wall Street Bailout

    If You Don't Like Meddling, Then Stop Meddling

    At the end of last night’s press conference President Barack Obama insisted: But I want to disabuse people of this notion that somehow we enjoy, you know, meddling in the private sector. … I’m always amused when I hear these, you know, criticisms of “Oh, you know, Obama wants to … More

    Morning Bell: Free Enterprise's 100-Day Death March

    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 … More

    Treasury Exposes Markets to Added Stress Flu

    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 … More

    Fool Me Once

    It seems that we keep being told that the policy is temporary, and is far short of nationalization, only for Congress to turn around after the legislation has passed and “convert” loans into stock: to turn a bailout into a nationalization. This has now happened with AIG, the car companies, … More

    Illegal Bailouts Threaten Economic Recovery

    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 … More

    Don't Do Business with Sharks

    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 … More

    Back to the Basics

    In the New York Times today, David Brooks has a column in which he describes two theories about the financial crisis: “greed” and “stupidity.” The “greed” theory is not what you might be thinking—it is not the simplistic notion that Wall Street is just full of greedy capitalists that swindle … More

    Everything Must Go!!!

    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.

    Auto Loans for Everybody!

    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 … More

    Obamathon '09 ... Where Every Day is President's Day

    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