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Obama's Dollars and Cents Report Card

Let's just say he didn't make the honor roll. The headlines pretty much say it all: ABC News Exclusive: Obama Admin Slashed 60,000 Jobs From Recent Stimulus Report $6.4 Billion…

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No “money back guarantee” for taxpayers – we’re stuck with the GM bailout tab

No “money back guarantee” for taxpayers – we’re stuck with the GM bailout tab

The TARP Congressional Oversight Panel announced Tuesday that “New GM” will have to achieve “highly optimistic” market performance if the Federal government is to have even a chance of recovering…

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Obama’s Statist Intentions

George Will has an excellent piece in Sunday’s Washington Post that asks “Will Obama’s Statism Ever Retreat”? The legislative agenda of the Obama White House this year has put the…

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Obama, Stimulus II and Small Business

During his Saturday radio address to the nation President Obama let slip his administration's real purpose for the stimulus legislation… which is to save government. "It has already extended unemployment…

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More On Those California IOU's

As mentioned last Thursday, the State of California has started issuing IOU's in place of cash as a result of a political impasse in Sacramento. One commenter here chastised us…

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TARP Banks Begin To Accept California IOU's

It appears that the question of whether the federal government is going to bail out the state of California has been rendered moot. Two large banks have announced that they…

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Supreme Court Blocks Chrysler Asset Sale

It's not clear yet how this will turn out but it is significant that the court wants to take a closer look: WASHINGTON (MarketWatch) — The U.S. Supreme Court blocked…

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Chrysler Bankruptcy Hardball: The Shape Of Things To Come

There was dramatic announcement made Friday about some tactics used in the Chrysler negotiations that occurred just prior to the company filing for bankruptcy. As Michael discussed on below, the…

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Kudlow on TARP

Larry Kudlow's new piece at NRO, a reaction to the TARP Inspector General's report, is a must-read: The IG's report also notes that what started last October as a single-purpose…

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TARP Inspector General warns of bank bailout plan shortcomings

During the past few weeks, HughS and I have written a number of pieces discussing the weaknesses and dangers inherent in the Treasury's massive TARP/TALF/PPIP bank bailout and toxic asset…

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Obama Caves On Bank Pay

The Obama administration is bypassing some of the restrictions enacted by Congress to control the pay of individuals employed by institutions that receive federal assistance. The Washington Post reports that:…

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Obama Signals General Motors Bankruptcy

The Obama message machine began prepping the media for the bankruptcy of General Motors late yesterday. Bloomberg reported last night that the President has decided that bankruptcy is the best…

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Pay for Performance Act of 2009

House Financial Services Chairman Barney Frank is taking his TARP mandate and the Obama Corporate Management Strategy to the next logical step by proposing legislation that would heavily regulate the…

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