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Four Republican Senators Voted for Euro-TARP
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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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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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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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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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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
Take Me Out to the Bailout
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Take Me Out to the Bailout

A Winston-Salem businessman is asking the city to pay an additional $15.7 million to foot the bill for his unfinished stadium after a business deal fell through.  This comes on top of the $12 million the city already gave the project and will mean taking on $12.7 in debt.  You can read about the saga here and here.

06/18/2009
Key Vote "No": H.R. 2346
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Press Release

Key Vote "No": H.R. 2346

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to vote “No” on the war Supplemental Appropriations Act of 2009 because the bill includes a $100 billion International Monetary Fund (IMF) bailout.  The bill contains funding for other projects that should not be used as a vehicle to ram IMF funding through Congress.  Using this method to get the IMF funding passed is dirty Washington politics and law makers should reject it.

06/03/2009
The arrival of Government Motors
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The arrival of Government Motors

For those of you interested in my view on GM's bankruptcy and the future emergence of Government Motors, please see my article at HumanEvents.com.  (My agreement with Human Events does not permit me to post the text of the article here.)see “GM Bankrupt: Obama Takes Over", Ross Kaminsky, HumanEvents.com, 6/1/09 http://www.humanevents.com/article.php?id=32085

06/02/2009
Chrysler and Sacrificing for the "Greater Good"
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Chrysler and Sacrificing for the "Greater Good"

A blog post over at the Foundry by James Gattuso, helps reveal the Troubled Asset Relief Program (TARP) as a delegated blank check to Administration bureaucrats.  Check it out here.  Some excerpts:

05/04/2009

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