That’s what Politico is trying to push: When CNBC’s Rick Santelli argued last week that President Barack Obama’s mortgage bailout plan would force hardworking Americans to pay for their neighbors’ mistakes, White House press secretary Robert Gibbs dismissed him as a know-nothing derivatives trader out of touch with Main Street. But if the White House […]
Pelosi Proposes Auto Bailout As White House Stonewalls.
Pelosi is putting forward a plan that really sounds good: Pelosi said the auto industry funds would come with many strings attached, including restructuring company finances, meeting new standards for gas mileage and requiring advanced technologies “to compete in the domestic and global market.” The speaker’s office offered no specifics about what the new fuel […]