Last week, the House of Representatives passed another bailout of the automobile industry, though they did their best to disguise the bailout as a way to clean up our skies by giving people rebates (to the tune of $4,500) to buy more gas-efficient vehicles. Matt Margolis touched on the program known...
Looks like Congress is again cooking up a bill that would send over taxpayer money to cover the poor financial decisions of others. It's officially called the " Homeowners' Defense Act " but Competitive Enterprise Institue (CEI) has dubbed it the "Beach House Bailout :" So...
Posted to
AIP Blog
by
Alexa Shrugged
on 06-08-2009
Filed under: free market, regulation, bailout, Beach House Bailout, insurance, Florida, CEI, Homeowners Defense Act
It doesn't matter if you support or oppose the decision by General Motors (and apparently the decision of the United States Government) for the auto company to file bankruptcy. The fact remains, the highly touted bailouts which were intended to stave off bankruptcy failed, and the Obama administration...
Posted to
AIP Blog
by
Justin Higgins
on 06-02-2009
Filed under: Obama, bankruptcy, auto industry, Troubled Asset Relief Program, bailout
Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on 05-31-2009
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business