Results for "bailout"

The door is this way…

I noted the California Senate Appropriations Committee’s plans last week to push a single-payer program through the legislature.
Showing their impeccable timing, the progressives approved the bill in the Senate yesterday at a cost of $200 billion a year…just as the state controller announced that California is set to run out of cash again in April:
State [...]

The final vote in the Senate on the Federal Reserve chairman’s re-nomination this afternoon was 70-30.
Among the Republicans supporting Ben Bernanke: Alexander, Barrasso, Coburn, Cochran, Collins, Enzi, Graham, Gregg, Hatch, Kyl, Lugar, McConnell, Murkowski, Voinovich, and Snowe.
Seven Senators switched their votes after voting for cloture (the procedural vote was 77-23).
Via The Hill’s Jordan Fabian, [...]

Scroll for updates/liveblogging…

We’re an hour and a half away from President Obama’s Swagga Recovery Speech. He’s going to get his mojo back, we’re told, by acknowledging missteps — and then dumping the blame on lobbyists. Seriously. I know a lot of folks are organizing SOTU drinking games. But I don’t need the headache. This [...]

Eeenteresting. About a week ago, the SEC agree to cover-up bailout documents for AIG until 2018. The documents relate to the backroom bank bailout payments at top dollar to AIG counterparties — which know-nothing Tim Geithner was grilled about today on the Hill. The leak comes as Fed Chairman Ben Bernanke heads to the Hill [...]

“You gave lame excuses then, you are giving lame excuses now.”

Hard for me to suppress a snort. But here it is: John McCain — who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout – has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke’s second term:
“Our country is [...]

As if California GOP Senate candidate Carly Fiorina’s massive bailout-supporting economic advice for John McCain wasn’t bad enough (reminder from yesterday’s column: “In California, McCain’s PAC supports former Hewlett-Packard CEO Carly Fiorina – a celebrity name with deep pockets of her own, massive media exposure, and a checkered business record. Fiorina served as the economic [...]

The question isn’t why Sarah Palin is helping John McCain. The question is: What are you doing to stop him from cementing his Big Government Republican legacy?
***
Conservatives: Beware of McCain Regression Syndrome
by Michelle Malkin
Creators Syndicate
Copyright 2010
Pay attention: In the afterglow of the Massachusetts Miracle, there are flickers of peril for The Right. I hate to [...]

Last gasp.

Good morning, readers. Hope you didn’t party too hard last night. If you went to bed early (as opposed to those of us who never went to sleep!), you can catch up on all the election live-blogging fun here. My syndicated column today dissects the twin meltdowns of Bay State and Beltway Democrats. But even [...]

Legacy.

Phony fruits from a phony administration.

Photoshop/CoC card set credit: Tennyson Hayes
It’s not quite the Mother of All Distractions, but it’s up there. Maybe the First Cousin of All Distractions.
The White House unveiled its ballyhooed $90 billion plan to punish banks with a “Financial Crisis Responsibility Fee” this afternoon. It’s faker than the fake garden vegetables the First Lady served [...]

Photoshop/CoC card set credit: Tennyson Hayes
Late last week, Bloomberg News reported that the New York Federal Reserve Bank — then under the leadership (or rather, lack of leadership) of Tim Geithner — presided over a systemic effort in the fall of 2008 to suppress public disclosure of ailing insurer AIG’s backdoor bailout payments to banks [...]

The Wall Street Journal’s Kim Strassel profiles GOP up-and-comer Sean Duffy, a 38-year-old district attorney in Wisconsin who’s taking on decrepit Democrat incumbent Rep. David Obey. He’s bringing fresh blood and energy to the fight — and he’s focused on fiscal responsibility:

Wisconsin’s Mr. Duffy describes it this way: “I’m running because this is the fight [...]

Charter member of the Team Obama Culture of Corruption
During the Christmas break, corruptocrat Sen. Chris Dodd held a press conference hailing the Senate government health care takeover bill. But he couldn’t distract from the stink of his ethics scandals and his mounting unpopularity at home.
A prescient constituent heckled him during the press conference:
“You’re not gonna [...]

It’s official. The Hill reports this morning that the Dems have formally agreed to bypass the formal conference committee process to ram the government health care plan through for Barack Obama: “Aides said the agreement was reached during a Tuesday evening meeting at the White House with President Barack Obama, Vice President Joe Biden and [...]

(Photoshop via Doug Ross)
New York Times columnist David Brooks will never let an opportunity pass to remind you that he is an intellectual and you are a grimy member of the unwashed masses. His column today pays a back-handed tribute to the success of the Tea Party movement…while bemoaning the decline of influence among the [...]

Five days after the Christmas Day bomber tried to blow up NWA Flight 253 over Detroit, President Obama is still on vacation in Hawaii. He has delivered two hasty, tie-less statements on homeland security from a makeshift podium in Honolulu whose underwhelming sum impact has been the equivalent of voting “present” (Obama’s career m.o.) By [...]

“You’re not gonna get re-elected.”

My column looks at the year in Washington political bribery. And what a year it was for the Beltway’s reverse Santa Clauses, who are suspended simultaneously in mental states of denial and indignation. Democrat Sen. Mary “Louisiana Purchase” Landrieu defended her payoff while declaring that she “can’t be bought.”Democrat Sen. Tom “Iowa Bounty” Harkin dismissed [...]

GOP Sens. Jim DeMint and John Ensign announced this afternoon that they’ll force a vote on the constitutionality of Demcare’s individual health care mandate. (Democrat response: Constitution? Wellness prevention programs are an inalienable right!)
Here’s the press release:
Today, U.S. Senators Jim DeMint (R-South Carolina) and John Ensign (R-Nevada), raised a Constitutional Point of Order on the [...]

“Don’t think we’re not keeping score, brother.”

Obama brings the Gitmolympics home
by Michelle Malkin
Creators Syndicate
Copyright 2009
President Obama’s hometown cronies lost their bid to bring the 2016 Olympic Games to the Windy City. But this week, they got a consolation prize: the Gitmolympics. On Tuesday, the White House went public with its official plans to purchase the Thomson Correctional Facility from financially-strapped Illinois [...]

Meow.

I noted Barney Frank’s cave-in to CBC demands for a $6 billion payoff on the House Dems’ financial industry power grab yesterday.
Well, the “reform” package passed this afternoon 223-202 with all Republicans and 27 Democrats voting no.
The roll call vote is here.
Democrat Rep. Barney Frank’s counterpart in the Senate, corruptocrat Sen. Chris Dodd, is shepherding [...]

Just in time for Christmas, pay czar Kenneth Feinberg has clamped down on the salaries of midlevel employees at bailed-out companies. But the broader targets are not just bailed-out firms, of course. The power-grabby pay czar wants his limits to be adopted industry-wide.
Bah-humbug, via MarketWatch:
The Obama administration’s pay czar announced on Friday new limits on [...]

Cue up “Do the Hustle.” Looks like the extortionists of the Congressional Black Caucus got their way.
Last week, I noted the CBC’s efforts to squeeze bailout money from the Democrats’ financial “reform” package for minority-owned businesses — specifically, the failing radio/media empire of former Malcolm X lawyer and Air America/Jesse Jackson/Al Sharpton/Charlie Rangel crony Percy [...]

Follow the bouncing ball: TARP, the trillion-dollar-plus banking bailout, has morphed from a toxic assets purchase plan to a capital injection plan, back to a toxic assets purchase plan, to a life insurance company bailout, to an auto supplier bailout. I’m sure I forgot more.
Well, now the Democrats want to use it to bail out [...]