Posts Tagged ‘bailout’

Editorial: Do Congressmen Jerry Moran and Todd Tiahrt support John Cornyn’s effort to elect Charlie Crist over Marco Rubio?

Tuesday, July 7th, 2009

Editorial:

In the state of Florida, there is a national battle over the future of the Republican party.

Yesterday, The Washington Times wrote this about the primary race between Florida Governor Charlie Crist and former Florida House Speaker Marco Rubio:  “Florida a bellwether for rebranding.”

The Florida seat is an open one, with no incumbent.  Current Sen. Mel Martinez is retiring.  While Crist would like to pretend to be the incumbent, he is not.

In the Florida primary, it’s all about spending and taxing, issues that are not typically considered to be “controversial” issues with the Republican party of the past 25 years.  But, since about 1998, DC Republicans have gradually lost their way, so much so that party elites now consider higher taxes and wasteful spending to be mainstream; reformers are considered to be “too conservative.” Governor Crist represents the modern party only in the sense that modern party leaders are out of touch with the voters and have led Republicans into an unnecessarily small minority status in Washington. (more…)

Washington Post editorial opinion on ‘Government Motors:’ GM’s new owner (the Obama administration) should stop bullying the company’s bondholders

Wednesday, May 27th, 2009

The Post:

IN THEORY, a government bailout should provide a short-term infusion of cash to give a struggling company the chance to right itself. But in its aggressive dealings with U.S. automakers, most recently General Motors, the Obama administration is coming dangerously close to engaging in financial engineering that ignores basic principles of fairness and economic realities to further political goals.

It is now clear that there is no real difference between the government and the entity that identifies itself as GM.

Poll: 76% Oppose Federal Bailout of Ailing Life Insurance Companies

Thursday, April 23rd, 2009

Rasmussen:

Add one more government bailout to the list opposed by most Americans.

Seventy-six percent (76%) of adults say “no” to using federal funds to bail out troubled life insurance companies, according to a new Rasmussen Reports national telephone survey.

Just 12% favor the idea, and another 12% are not sure.

Investors (80%) are even more strongly opposed.

There’s little partisan disagreement on this either. Eighty-three percent (83%) of Republicans, 71% of Democrats and 77% of adults not affiliated with either party oppose a bailout for ailing life insurers.

O’Reilly: Follow The Bailout Money

Sunday, March 29th, 2009

Bill O’Reilly:

Unconstitutionality of TARP and Its Delegation of Legislative Power

Friday, March 27th, 2009

Washington Legal Foundation:

Some calls are tough. The bailout is not one of them. Essentially, it reallocates resources from taxpayers to individuals and businesses which incurred excessive risks and made bad decisions; it substitutes politicians for shareholders in running financial institutions; it prevents capitalism from performing its periodic restorative function, which is to purge inefficient businesses; and it plants the seeds for an inflation such as we’ve never experienced. That’s important stuff; and the Secretary’s discretion is nearly total. TARP is manifestly an unconstitutional delegation of legislative power.