Blog
Auto Bailout Smoke and Mirrors
Mickey Kaus, a moderate Democrat, explains how the proposed auto bailout contains little leverage for the proposed “auto czar” to really cut the excessive…
Blog
Socialism: It’s Already Here!
The candidates in the recent presidential election argued about whether one of them was advocating socialism. Actually, it looks like we’re already there. An ever-growing…
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Auto Bailout – Destroying Detroit by ‘saving’ it
In a famous quotation from his 1986 address to the annual White House Conference on Small Business, President Ronald Reagan quipped that “government’s view…
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German Finance Humor
When the Germans are laughing at you, things are in a pretty serious mess. That’s the case with the British version of the bailout, which…
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Bailout for Bloated Union Contracts
The auto bailout being fashioned by liberal lawmakers with Bush's apparent acquiescence contains no meaningful limits on the bloated union contracts that have helped make…
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Sheila Bair’s Coddling of Mortgage Deadbeats Fails, Costing Taxpayers
Sheila Bair, the head of the FDIC, has been busy rewarding irresponsibility and punishing thrift by giving special breaks to deadbeat mortgage borrowers from…