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Entries tagged with 'Bailout'Racism isn't the reasonRe: "Much more than miles separate us -- Obama foes reveal country's deep cultural, demographic divisions, says Leonard Pitts," Monday Viewpoints. Pitts' column about the chasm between the left and the right was cleverly written to portray conservatives as gun-wielding... On cash for clunkers: New crisis in the makingThis "cash for clunkers" program has almost the same features that broke the real estate industry. In the long run, buyers of new cars will eventually fail to meet monthly payments. Banks will repossess them, creating another economic debacle. Rudy... Feds model debt issuesThe Obama administration has expressed its displeasure with auto manufacturers, banks and insurance and mortgage companies over their irresponsible use of debt. To serve as a model for financially excellent behavior, the administration has created the largest aggregate debt in... Our Economy in Turmoil: Banks return bailout $$$$If a financial insititution takes a federal bailout, then it is obligated to play by the government's rules. But what if the bank gives back the money? Is this a sign of strength, i.e., that the banks are willing to... Rick Wagoner, Obama and the taxpayerWe had a robust discussion in the editorial board meeting today about the government forcing GM CEO Rick Wagoner out as part of a deal to ensure further government support for the failing (failed?) car giant. My position -- which... AIG vs. an angry mobWhy I'm angry now Re: "Congress to AIG: You'll pay -- Lawmakers threaten 100% tax on bonuses if they're not canceled," Wednesday news story. I now officially join the chorus of the enraged. There is no option other than to... Greedy executives to blameRe: "Government bailouts are undermining capitalism -- Obama's team could be bringing end to American dream, says Star Parker," Tuesday Viewpoints. Parker's column considerably misses the mark. Aggressively self-centered and self-serving top-level executives in various parts of American business, seeking... Rick Perry tries to have it both waysA post at Talking Points Memo takes Rick Perry to task for lambasting the stimulus plan only to turn around and take the money. In December, Perry co-wrote an op-ed in the Wall Street Journal, with South Carolina Gov. Mark... Deeper into debtNo problem is so bad that Congress can't find a way to make it worse: We have a financial problem caused by excessive borrowing to spend on things we can't afford. So Congress comes up with the solution -- borrow... Bank bailout, not stimulusPlease do not become confused today and mix up the massive stimulus bill in the Senate, headed soon to conference committee, with the massive bank bailout you should hear about from Treasury Secretary Tim Geithner. This is the bailout announcement... $500,000 = poverty wages?Pity the bailed-out banking execs who are forced to subsist on a measly half-mil. This New York Times article makes the semi-sarcastic argument that 500K just doesn't go very far in ultra-posh Manhattan. Sure, the salary cap that the Obama... Jet deal calls for pink slipsRe: "Citi's jet deal called absurd -- Block purchase of $50 million plane, senator urges White House," Tuesday news story. The purchase of a $50 million plane by Citigroup is more than "absurd" -- it's insane. Terminations at the highest... Bailouts upon bailoutsIs there a single person still out there with any confidence that federal bailouts will ever work in the short or long term? Credit default swaps and derivatives were born for no other reason than to transfer risk from the... On the economy: Coincidences? I wonderThere have always been conspiracy theories concerning government power, financial institutions, etc. Such names as the Trilateral Commission, the World Bank and the International Finance Corporation come to mind. They all seemed far-fetched until recently. How do oil prices go... FDR's changes didn't workFranklin Roosevelt had nine years as president to end the Depression. His tactic was to experiment with new government agencies and continuously throw money at make-work projects. It didn't work. Maybe we need to remind President-elect Barack Obama that the... Where'd the money go?Re: "Obama wants better tracking of bailout -- President-elect says homeowners, small businesses should benefit from next $350 billion installment," Monday news story. We should all be demanding an accounting of how the first $350 billion was distributed, spent and... Taking advantageRe: "Will bailout funds go for acquisitions? Instead of making loans, some banks are looking to grow," Sunday Business. Chairman and chief executive Alan B. White of PlainsCapital bank sees no problem accepting $87.6 million in TARP funds. He intends... We are responsible for savingRe: "Take my tax bonus, please -- Top earners shouldn't have Social Security taxes capped, argues Michael Messner," Saturday Viewpoints. Social Security was not meant to be a replacement for saving for one's retirement. Nor was it meant to be... Let me make it plainRe: "The right amount of stimulus -- Economy can't keep living on borrowed money, and we can't afford more taxes, says John Cornyn," Friday Viewpoints. Did I miss something? Is John Cornyn the Republican U.S. senator from Texas? Or is... On the bank bailouts: One angry taxpayerThe Congress vote lifted European stock markets but Asian shares fell and central banks again had to use billions to keep markets moving. 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