This is the third in a series on The Big Bailout (Now called the “troubled Asset Relief Program” or TARP) and Treasury Secretary Geithner’s meeting with the Congressional Oversight Panel.
During his meeting with the Oversight Panel Secretary Geithner gave strong assurances that he and his bureaucrats could manage the whole economy, would eventually “think through” [...]

This is the second post examining the political-media establishment claim that the Detroit auto companies are in financial trouble because they don’t manufacture more of the tiny vehicles politicians and the green lobby favor.  The first is here
On Main Street success is measured in satisfied customers and profits.
In the Washington establishment success is measured in [...]

It now appears likely that the auto makers will receive about $18 Billion from Washington this week.
The so-called “debate” over this issue has been a classic example of how ignorant and out of touch with reality the Washington media-political machine has become.  The continuous flow of ignorant opinion and misinformation showcases the utter laziness [...]

This week, Executives from GM, Ford, Chrysler, and the UAW made a return trip to Washington to grovel before the politicians who, if their egos are sufficiently massaged, have the power to hand them vast amounts of taxpayer money.
The executives submitted to scores of stupid questions, and endured many hours of ignorant opinions from Senators [...]

Every week brings another, massive, new bailout.

Various financial publications have come up with estimates ranging from $3 Trillion to $7 Trillion for the total amount of cash and backstop guarantees the government has hurled at problem financial institutions in just three months.
One might expect the new administration to distance itself from this reckless misadventure, [...]

Stock indexes are an indicator of investor confidence in the economic future. The Chart tracks the 40% decline in the Nasdaq Index since the beginning of the most massive series of government interventions in the private economy in American history.
Clearly, investors are not confident that Congressmen, Senators, and Treasury officials have the insights to resolve [...]

Big Bailout, Day 47: Can Government Fix The Crisis Government Caused?
Click the boat to see all articles in Big Bailout Series

Treasury Secretary Henry Paulson and Federal Deposit Insurance Corp. Chairwoman Sheila Bair testified before the House Banking Committee today.
Paulson gave a vague summary of how bailout funds have been deployed so far..  The Congressmen [...]

As GM, Ford, and Chrysler patrol the halls of Congress with tin cups, begging for a share of The Big Bailout one wonders why the Media herd doesn’t place the blame where it belongs, squarely on the United Auto Workers Union.
Toyota began building cars in America in 1984.  Their non-union plants offer competitive wages and [...]

For the next few weeks the latest applicant for Big Bailout cash, the auto industry will be the central front in America’s perennial ideological war.

On the Left side of the war are collectivist ideas, backed by labor unions and Democratic politicians, and the public education establishment.  On the right side are the ideas that [...]