Today’s contestant is Senator Richard Shelby of Alabama. On Fox News this morning, Shelby reaffirmed his belief that Obama was taking us “down the road of socialism”. The big thing he blamed? WALLACE: Sen. Shelby, you say that the Obama administration is taking us down the road to socialism. Explain. SHELBY: Well, obviously. So, they […]
I posted about it last night. It’s where Republican Eric Cantor tried to say that the Democrats voted to let AIG keep their bonuses. Well now that the actual bill is coming up today, the one that gets back the bonuses and prevents this from happening again, Cantor isn’t sure if he will support it […]
As much as it kills me, I need to give credit to Malkin on this image: Now McCain is all against these bailouts? I guess he figures we forgot about his entire “suspension” of his campaign last year to fight for the TARP.
The right wing has been touting out this graphic today as proof that Obama is destroying our government through spending: Now they are saying that Obama is projecting a $1.75 trillion dollar deficit this year. Drudge has had this graphic on top of his blog and even right wing bloggers are on the “apologize to […]
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 […]
Claire McCaskill has come up with a novel idea – cap the bonuses companies that are receiving federal aide can pay out: Under the bill by McCaskill, an early endorser of Obama’s presidential candidacy, employees would not be able to make more money than the U.S. president — $400,000 a year — until their companies […]
The TARP was passed as an emergency life line to troubled banks, but read this: A small but growing number of community banks are backing out of the government’s bailout, which they see as fraught with hidden strings and government interference. About 20 banks so far that applied for or had been approved to receive […]
That has been the mantra of the Bush administration and Republicans for year, and it was even included in the TARP: Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the […]