Robert Gibbs has issued a statement trying to walk back his critique of the “professional left” in an interview with The Hill. Here’s Gibbs statement (via The Plum Line) I watch too much cable, I admit. Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout […]
Unbelievable: Congressional Democrats and the White House are toying with different ways to force BP to cover the costs of damages from the Gulf oil spill. But they face stiff opposition from industry…and it seems leading Republicans. In response to a question from TPMDC, House Minority Leader John Boehner said he believes taxpayers should help […]
From TPM: The message delivered at today’s tea party protest of the Detroit Auto Show: protecting American jobs beats telling Democrats to “keep their hands off” the economy. A group of Michigan tea partiers successfully shut down a protest of the Detroit Auto Show arranged by the National Tax Payer’s Union today on the grounds […]
The news yesterday that Timothy Geithner may have helped cover up AIG’s financial problems is sparking a House investigation: A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc. The House Oversight Committee is responding to news that key details […]
Call the Pope because hell is freezing over: Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal [sic] Act of 1933, which separated commercial banking from Wall Street investment banking. According to Newsweek, the two plan to announce the bipartisan McCain-Cantwell bill on Wednesday morning. The Glass-Steagall law was repealed […]
Instead of letting Congress vote on one, the IRS went ahead and gave it to them: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial […]
Hey if you are Michelle Malkin they are: Follow the bouncing ball: TARP, the trillion-dollar-plus banking bailout, has morphed from a toxic assets purchase plan to a capital injection plan, back to a toxic assets purchase plan, to a life insurance company bailout, to an auto supplier bailout. I’m sure I forgot more. Well, now […]
Any guess who wrote this? A new group was recently formed that is calling itself a group of experts for the purpose of making the Republican Party attractive to voters again. The strategy is supposedly to go on a listening tour so they can talk to the American people and hear what people are concerned […]
Something we aren’t used to seeing; oversight of an administration, being conducted by the administration’s own party: A congressional oversight committee opened an investigation yesterday into whether the Obama administration is circumventing a law that limits lavish pay for executives at firms benefiting from the $700 billion federal bailout. Rep. Edolphus Towns (D-N.Y.), chairman of […]
Looks like the well is dry for GM and Chrysler: The White House says neither GM nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants. The Obama administration, however, has […]