According to SCOTUS Blog, the Supreme Court today lifted the stay postponing the sale of ‘zombie’ Chrysler (h/t AoSHQ). I am sure there will be all sorts of rumbings and grumblings about this, especially among conservatives opposed to the sale. Before the rumblings get too loud, I would like to make a couple points.
Posts Tagged ‘bailout’
Horrifying
It is no surprise to catch a politician lying, but the sheer brazenness of Obama’s disregard for inconvenient facts in his recent appearances is a bit of an eye opener. What worries me far more, however, is his willingness to talk the economy further and further down (such as by warning of a ‘catastrophe‘ if [...]
McCain’s Mortgage Buy-Up: Madness or Genius? (Updated)
Totally aside from who ‘won’ or ‘lost’ last night’s presidential debate, the hot topic on conservative blogs is (or will be, since I am writing this in the wee hours of the night morning) McCain’s proposal to directly buy up ‘bad’ mortgages. In my opinion, this officially qualifies as a Bad Idea™. But only if [...]
Getting Round Shouldered
Just patting myself on the back a bit. Everyone has been so wrapped around the axle about McCain not slamming Democrats and Obama on the subprime mess, that the collective sigh of relief around the conservative blogosphere today caused hurricane-force winds.
Chicken Little’s European Adventure
Secretary Paulson and Congressional leaders have no monopoly on market-damaging panic. Witness today’s article in the UK’s Telegraph, claiming that world financial markets are ‘falling into the abyss.’ The article shares blame around, but places most if it on German chancellor Angela Merkel for opposing the redistribution of wealth among European countries. A sample from [...]
Oops, There I Go Again
I wrote earlier about how Ace pointed out that the ‘pork’ in the bailout bill actually was preexisting in the bill that they tacked it on to, and not added as part of the bailout. He is right.
