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Blog

TARP 2.0? ObamaCare bailout payments have to be authorized by Congress, says GAO

If the Obama administration officials want to bailout insurers that lose money on the ObamaCare exchanges, they'll have to go through Congress.

10/03/2014
Does Detroit Deserve Another Bailout?
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Blog

Does Detroit Deserve Another Bailout?

It’s not really a secret that Detroit isn’t doing well.

01/28/2014
Detroit Needs Responsible Government, Not a Bailout
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Blog

Detroit Needs Responsible Government, Not a Bailout

I attend Hillsdale College in southern Michigan. It’s a pleasant place, the people are friendly, the landscape of the college is beautiful, and the academic rigor is intellectually stimulating. Some of the things that I’ve learned since becoming a temporary Michigander are that  the weather is utterly and truly unpredictable, that Ohio State fans are worst people on earth (their words, not mine), and that native Michiganders insist that “soda” is something you bake with and “pop” is the thing you drink. (They’re wrong.) 

10/01/2013
Obama: Brags about Saving GM - What is said, and what is concealed.
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Blog

Obama: Brags about Saving GM - What is said, and what is concealed.

Democracy and Power 108:  Obfuscation Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true. Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity. – Hans F. Sennholz

08/18/2011
Four Republican Senators Voted for Euro-TARP
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Blog

Four Republican Senators Voted for Euro-TARP

Over the past three years, President Obama has spent billions of dollars bailing out big banks, insurance giants and auto companies. These massive programs have not only cost American taxpayers dearly, but have sent the message that in the future poorly-run companies will be rescued from their failures. But that’s only the beginning—now Obama wants to bailout failing countries. Using the International Monetary Fund (IMF), Obama plans to put American taxpayers on the hook for a second 145 billion dollar rescue package for Greece.  

06/29/2011
President Obama Touts “Success” of Auto-Bailout
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Blog

President Obama Touts “Success” of Auto-Bailout

Last week, President Obama continued his propaganda filled Summer of “Recovery” tour by touting the “success” of the auto-bailout in Detroit. According to Obama, the growth of the auto industry has proven that the auto-bailout worked as planned,You are proving the naysayers wrong. If some folks had their way, none of this would have been happening.

08/02/2010
The Real Cost of the Auto Industry Bailout
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Blog

The Real Cost of the Auto Industry Bailout

Today, Politico’s Arena featured an online debate over the results of the automobile industry’s bailout. Many of the contributors have hailed the bailout as a success due to the perceived growth in the auto industry and, namely, in Michigan, Ohio, and Pennsylvania.

07/30/2010
Key Vote "NO" on the Motion to Invoke Cloture on Dodd Amendment No. 3739
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Press Release

Key Vote "NO" on the Motion to Invoke Cloture on Dodd Amendment No. 3739

Dear Senator:    

05/20/2010
Protest the Next Big Bailout: Scottsdale, AZ Thursday
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Blog

Protest the Next Big Bailout: Scottsdale, AZ Thursday

If you aren't otherwise occupied earning a living, FreedomWorks is looking for some patriots who might be up to a little protesting of cap and trade outside the Edison Electric Institute's board of directors and CEOs meeting Thursday morning at the Fairmont on East Princess Drive.

01/06/2010
FHA in Financial Hot Water?
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Blog

FHA in Financial Hot Water?

Friday’s Wall Street Journal features an article outlining concerns over the Federal Housing Administration’s (FHA) financial viability.  The article points out that FHA currently insures 23 percent of the loans in the housing market up from 2.7 percent in 2006.  7.8 percent of FHA loans at the end of the second quarter were 90 days late or more or in default.   Federal law says the FHA must maintain reserves equal to 2 percent of the loans insured and the ratio has fallen to 3 percent last year down from 6.4 percent in 2007.

09/08/2009

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