President George W. Bush's last mistake as he left the White House was his decision to use TARP funds -- under what authority no one knows -- to keep GM and Chrysler afloat until the Obama administration could come in and decide what to do. It appears as though the Obama administration is going to […]
White House financial guru Austan Goolsbee just got off Fox News' "Your World with Neil Cavuto" with a whopper that he should've been challenged on. Goolsbee claimed that Republicans have no right to complain about President Barack Obama's historic deficit levels because they supported "multi-trillion dollar unnecessary wars." I'm not sure about his use of […]
Last year, satirist extraordinaire Iowahawk wrote up some fake 1970's-era ad copy for Congressional Motors. All new for 2012, the Pelosi GTxi SS/Rt Sport Edition is the mandatory American car so advanced it took $100 billion and an entire Congress to design it. We started with same reliable 7-way hybrid ethanol-biodeisel-electric-clean coal-wind-solar-pedal power plant behind […]
I haven't looked at what people are blaming today's market downturn (DJI -254.16 points) on, but I could've told you Friday this would happen. Why? This is why: Guest lineup for the Sunday TV news shows: ABC's "This Week" — Treasury Secretary Timothy Geithner. NBC's "Meet the Press" — Geithner We're lucky that the market […]
Last Thursday, the Chicago Tribune published a story looking at White House chief of staff Rahm Emanuel's stint on the board of directors of Freddie Mac. To say the story paints a troubling picture of cronyism and corruption is an understatement. In a year-plus tour, Emanuel attended a total of six meetings and made more […]
In the rush to pass the stimulus bill, no one noticed that some Democrats had added a sop to the Teamsters Union -- a pilot program allowing 98 (98!) Mexican trucks into the U.S. as part of NAFTA was shut down. As the Wall Street Journal noted, the Mexican trucks in the program actually had […]
The House yesterday overwhelmingly passed a measure to tax bonuses at companies receiving federal aid at 90 percent. There's some debate about whether this bill, which is almost certain to become law, is constitutional -- either an invalid ex post facto law or an illegal bill of attainder. Let's set that aside for a moment […]
Yesterday, White House spokesman Robert "I'm just like that Iraqi spokesman who lied during the Iraq War" Gibbs held forth on why John McCain was wrong to say the fundamentals of our economy are "strong," but the head of President Obama's council of economic advisers is right to say the fundamentals of our economy are […]
Over the past couple of days, President Barack Obama and his administration have come to embrace some positions GOP presidential nominee Sen. John McCain made just a few months ago. These positions, predictably, are ones candidate Obama and his team distorted and assailed McCain for taking. First was McCain's oft-derided statement that the fundamentals of […]
White House Press Secretary Robert Gibbs has the difficult task of defending the administration from a press corps that's out for blood that wants to help. Today's press briefing included this interesting exchange: Q Let me take one more crack at what Dan was getting at before. Talking about tomorrow on education, the administration's critics […]