The Truth About Government Behavior
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The Bailout |
Dan Mitchell De-Bunking Keynes - Keynesian myth that big government, spending borrowed money, can "stimulate" the economy.
In stimulus plan, how much bang for the buck? - February 24, 2009 - Thousands of cities, counties compete for scarce infrastructure funds Miami-Dade, Broward to receive federal funds for homeless - February 20, 2009 - Florida will get more than $74 million in grants to help hundreds of local homeless-assistance programs, federal officials in Washington announced Thursday. Big-city mayors to meet with Obama at White House - February 20, 2009 - The mayors of major U.S. cities will gather Friday at the White House to talk about the economy with President Barack Obama Despite aid, many banks fail to revive lending - February 3. 2009 - Decline in loans twice as sharp among firms that accepted federal help Obama finds that partisanship still lives in Washington - February 1. 2009 - WASHINGTON -- As a candidate, Barack Obama pledged to change politics, to make it more civil, to reach out to Republicans and to find bipartisan answers to the nation's pressing problems. GOP leaders doubt stimulus bill will pass Senate - February 1. 2009 - WASHINGTON -- Senate Republican leader Mitch McConnell said Sunday the massive stimulus bill backed by President Barack Obama and congressional Democrats could go down to defeat if it's not stripped of unnecessary spending and focused more on housing issues and tax cuts Obama readies road map for new bailout spending - January 31, 2009 - WASHINGTON -- President Barack Obama on Saturday promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives as he readies a new road map for spending billions from the second installment of the financial rescue plan. House passes Obama economic stimulus plan - January 28, 2009 - President: 'Perilous moment' requires swift action to kick-start economy Sen. Nelson outraged at bailout accountability - January 23, 2009 - WASHINGTON - U.S. Sen. Bill Nelson said he received assurances today from the Treasury Secretary nominee that there will be more accountability in how the next batch of funds from the $700 billion economic bailout will be used. Foreclosure Fightback - January 22, 2009 - "This is a crowd that won't scatter," James Steele wrote in the pages of The Nation some seventy-five years ago. Political Interference Seen in Bank Bailout Decisions - January 22, 2009 - Barney Frank Goes to Bat for Lender, and It Gets an Infusion Despite billions, banks still teeter on the brink - January 21, 2009 - Wall Street waits on Obama, but no clear solution to the crisis exists Foreclosures up 81% in 2008 - January 14, 2009 - One in 54 homes entered foreclosure in 2008. Rising unemployment and sliding home prices have some experts expecting 2009 to be even worse. Tweaking the bailout - January 10, 2009 - Democrats in Congress try to focus bailout aid away from big banks Porn industry seeks own stimulus ... package - January 7, 2009 - Adult industry titans say economy has made Americans ‘go limp’ 5 governors unite, seek $1 trillion in federal aid - January 3, 2009 - Governor Deval Patrick and four other influential Democratic governors pleaded their case yesterday for up to $1 trillion in federal assistance over the next two years, to help alleviate budget cuts, create jobs, and avoid inflicting irreversible damage to schools during a fiscal crisis. Dave Barry Year in Review: Bailing out of 2008 - December 28, 2008 - How weird a year was it? Senate bill cracks down on bailout recipients - December 23, 2008 - WASHINGTON -- One of the first orders of business for the new Congress next month will be making sure that banks and other firms that received some of the $700 billion economic bailout reveal how they are spending it. Banks mum on bailout funds - December 23, 2008 - What have banks done with the bailout money they're receiving? If they know, they're not telling. $1.6 billion went to bailed-out bank execs - December 21, 2008 - Records show bonuses, chauffeurs, health club benefits, financial planning Bailout shifts again; floodgates could open - December 19, 2008 - Paulson says Congress will need to free second half of $700 billion fund Paulson: Congress must release rest of bailout - December 19, 2008 - Last half of $700 billion rescue needed as first $350 billion committed Automakers get $17.4 billion lifeline from gov't - December 19, 2008 - Government would have option to become stockholder in companies Auto rescue being worked on quickly: Paulson - December 17, 2008 - WASHINGTON (Reuters) - A government bailout for automakers was being assembled as quickly and carefully as possible, Treasury Secretary Henry Paulson said on Tuesday as a new ratings report showed that bankruptcy was the most likely restructuring scenario for the industry. Lawmakers fed up with automakers' elitist attitude - December 16, 2008 - Widespread public disdain for the Big Three executives makes it hard for lawmakers to rally support for bailing out the industry. Administration Working On New Auto Plan - December 13, 2008 - WASHINGTON -- The Bush administration is working with U.S. automakers on ways to retool a proposed rescue plan. You Say Bailout, I Say Bailout - December 12, 2008 - Why Congress is calling the whole car thing off. Obama, Democrats agree to $500 billion stimulus package - December 12, 2008 - WASHINGTON -- While an auto bailout is on life support, President-elect Barack Obama and Democratic congressional leaders have agreed to a $500 billion economic stimulus package that they want to move next month even before Obama takes office. $14B auto bailout dies in Senate - December 12, 2008 - WASHINGTON -- A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year's end. Treasury Dept. To Step In, Save Automakers - December 12, 2008 - WASHINGTON -- The Treasury Department said Friday it's prepared to act to avoid any possible collapse of nation's three largest auto companies given that rescue efforts in Congress have failed. White House may tap Wall Street fund for autos - December 12, 2008 - Administration says could use $700 billion fund to help ailing automakers Ron Paul: Bailouts Will 'Destroy the Dollar' - December 11, 2008 - U.S. Representative and former presidential candidate Ron Paul tells Newsmax that bailouts of U.S. corporations are “bad morally” — and says current federal economic policies “will literally destroy the dollar.”House OK's bailout, 237-170 - December 11, 2008 - WASHINGTON -- The House of Representatives late Wednesday passed by a 237 to 170 vote a $14 billion emergency plan to aid Detroit's ailing auto industry -- but Senate Republicans' doubts about the package put its ultimate fate in serious jeopardy. News annalysis: Pay for auto bailout now or a bigger price later - December 11, 2008 - A government bailout of automakers would be cheaper than letting them fend for themselves. Pay raise for judges tucked into bailout plan - December 11, 2008 - WASHINGTON -- If the $14 billion bailout plan for U.S. automakers passes, it will help more than just Ford, Chrysler and General Motors. Federal judges would get a pay raise, as well. Paulson, Bernanke, and Congress on the Bailout: Incompetence All Around - November 19, 2008 - Treasury Secretary Henry Paulson and Federal Reserve Board Chairman Ben Bernanke got beaten up pretty badly in the House Financial Services Committee yesterday. New House Democrats wary on taxes, bailout - November 18, 2008 - But big Democratic advantage in the House gives Speaker Pelosi leeway Congress weighs bailout plans for automakers Ford, GM and Chrysler - November 13, 2008 - CONGRESS WEIGHS SEVERAL OPTIONS TO BAIL OUT FORD, GM AND CHRYSLER AS THE CAR MANUFACTURERS TRY TO AVOID BANKRUPTCY Here are a series of videos about the Bailout Plan or Rescue Plan whichever you prefer to call it giving our money to the rich. 1). http://www.youtube.com/watch?v=v0g0mtZyZB4
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