Bailouts

It’s obvious things have gotten bad when President Joe Biden’s talking points are being undercut by one of his most ardent lapdog economists.

Shark Tank star Kevin O’Leary bashed the federal bailout of Silicon Valley Bank depositors.

We are in a looming financial crisis, even if we don’t want to see it. Silicon Valley Bank (SVB) was, according to Moody’s, worthy of an investment-grade rating as of March 8, 2023. S&P Global Ratings similarly held a high opinion of SVB. Two days later, SVB was shut down; immediately, Moody’s dropped SVB into junk territory. So did S&P Global Ratings. Within days, Signature Bank --…

“Well, they’re out there a-having fun In that warm California sun” – (1964 song by The Rivieras) California has become an example of what a state looks like when it is controlled by a single party – in this case Democrats – who are trying to impose a green energy secular religion on their people. State officials have banned the sale of gas-powered cars by 2035, but a preview of the…

To reduce inflation, battle climate change, reduce gas prices, stem rising crime and to protect our southern border, President Joe Biden has forgiven $10,000 in federal student loans and extended $20,000 in debt cancellation to Pell Grant recipients for borrowers making less than $125,000 a year. A study by the University of Pennsylvania's Wharton School found that “Between 69% and 73% of debt…

On Thursday night, NBC Nightly News committed a random act of journalism during their broadcast segment on the political fallout from President Joe Biden’s student loan bailout executive order. NBC even highlighted the growing divisions in the Democrat Party over the bailout. 

Wednesday night's edition of Don Lemon Tonight had a rare moment of sanity when discussing President Joe Biden's student loan bailout. CNN economics commentator Catherine Rampell slammed the plan as essentially a waste of money since it is structured in a way that bails out wealthy people with MBAs and medical degrees who are perfectly capable of paying the loans back. 

Remember those “shovel-ready jobs” promised by the Obama-Biden administration in 2011? When many failed to appear after passage of this spending boondoggle, President Obama joked, “Shovel-ready was not as shovel-ready as we expected.” That law, noted Citizens Against Government Waste (CAGW), cost $787 billion, of which $48 billion was supposed to go for infrastructure. It was disingenuously…

Things just keep getting worse for the liberal media in their efforts to insulate President Joe Biden and his party’s onerous $3.5 trillion budget bill from criticism. Americans are seeing right through the propaganda. A new poll of 1,076 likely voters found that a combined 71.5 percent were “Much less likely” (67.3%) or “Somewhat less likely" (4.2%) to support the gargantuan budget bill if…

Today's politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies ... President Joe Biden says the handouts will "put more money in your pocket." House Speaker Nancy Pelosi claims they will "protect the planet for the children." They might. But a disproportionate amount of the money will end up in the hands of…

Responding to Democrats in her party who are troubled by the massive $3.5 trillion spending bill that would forever transform America into a debtor nation, Speaker Nancy Pelosi asked a question: “Where would you cut?” Her question carries with it a conceit held by many contemporary politicians that every government program is sacred and must not be touched. Even suggesting that a decrease in…

A front-page story from the New York Times Sunday, “Biden’s Push for Racial Equity Hits Legal and Political Snags,” opened and closed with affecting stories of hardship under sympathetic headlines. The story virtually ignored the central reality of racial discrimination within Biden's "American Rescue Plan." A program offering debt relief to black farmers only is also under scrutiny…

Seems like the abysmal U.S. jobs report for April has lit a fire under former SNL legend Jon Lovitz. The actor and comedian went after lazy people who are fine with the government paying their way.

Congress passed the $2.2 trillion Heroes Act. House Democrats said it gives money to “governments who desperately need funds.” But it also gives lots of money to people who don't need funds. Maryland, which even The Washington Post admits is “flush with cash,” got enough extra money to pass a budget that “hands bonuses to every state worker.”