Tag Archives: bailout

One Reason Detroit Should Be Allowed To Fail

From ABC News’ Big Three CEOs Flew Private Jets to Plead for Public Funds: “The CEOs of the big three automakers flew to the nation’s capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid [...]

Increase Spending & Cut Taxes? Are You Kidding Me?

From NY Times’s Senate to Vote Today on the Bailout Plan: “Senate leaders scheduled a Wednesday vote on a $700 billion financial bailout package after accepting tax breaks and a higher limit for insured bank deposits in a bid to win House approval and send legislation to President Bush by the end of the week.” [...]

I’m Mad As Hell

[Hat tip to Shawn for the video]

Why My Congressman Voted No

From Vermont Congressman Peter Welch’s statement on why he voted against Wall Street bailout: “The economic crisis we face is real. However, I voted against the bailout because it isn’t paid for and because I don’t believe it will work…It proposes to solve a problem caused by reckless borrowing and reckless lending by borrowing $700 [...]

F.I. Readers Are More Informed Than McCain

From The New Republic’s McCain Didn’t Bother to Read the Bailout Plan?: “Here’s John McCain [on Tuesday, 9/23] talking about the proposed financial bailout, during an interview with a local television station from Cleveland. The Obama campaign is sending the video around, and I can see why. Pay particular attention to the final few seconds, [...]

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