A fairly easy question to answer! Here’s a short list of the miscreants, I apologize in advance for leaving YOUR name off: Every individual who demanded bigger entitlement programs Every Congress-critter that voted to give the bigger benefits to persons that never worked for them Barack Obama who pushed through that massive porkulus bill George Bush and the TARP plan to bail out the Wall Street swells Paulson sending that money overseas to China and Europe, paying off private ba
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By Karl Denninger, The Market Ticker The expected report is out…. The Federal Housing Administration has been hit so hard by the mortgage crisis that for the first time, the agency’s cash reserves will drop below the minimum level set by Congress, FHA officials said. “It’s very serious,” FHA Commissioner David H. Stevens said in an interview. “There’s nothing more serious that we’re addressing right now, outside the housing crisis in general, than this issue.” Part of the rea
Cash for Clunkers finally clunks out : The $3 billion Cash for Clunkers program will end on Monday, the government said Thursday. Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m. Monday. “It’s been a thrill to be part of the best economic news story in America,” said Transportation Secretary Ray LaHood. “Now we are working toward an orderly wind down of this very popular program.” Officials decided to wind down the program, which Congress passe
Today’s excerpt from CEI’s film, Policy Peril: Why Global Warming Policies Are More Dangerous Than Global Warming Itself , is on two global warming policies Congress has adopted: fuel economy standards and biofuel mandates. Here are my previous posts in this series: Policy Peril: Looking for antidote to An Inconvenient Truth? Your search is over. Policy Peril Segment 1: Heat Waves Policy Peril Segment 2: Air Pollution Policy Peril Segment 3: Hurricanes Policy Peril Segment
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The Federal Government’s “Cash for Clunkers” program, which many are heralding as a success in the sense that it appears to be temporarily stimulating car sales, may have the unforeseen consequence seriously damaging the market for used cars: Hundreds of thousands of “clunkers” headed for scrappers may cause already rising prices for used cars to head even higher, dealers and market analysts warn. The popular cash-for-clunkers program, extended by Congress last week with $2 billion more i
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