Bailouts

BMI's Dan Gainor has the following column on Tax Day and Tea Parties up on the Fox Forum:When you want tea, you bring water to a boil. When you want genuine change, you do the same thing to the American public.Right now, that public is boiling mad and, with April 15 around the corner, the most important thing brewing is tax protest. For every state in the nation, this tea’s for you.Lucky for us,…

Liberal double standards ahoy! The New York Times news pages have virtually ignored the grass-roots "tea party" protests held in various towns across the country opposing Obama's big-spending and supporting free markets. The paper has run not a single story on a protest, even when one happened in the paper's own backyard of Ridgefield, Conn.By contrast, a much smaller "bus tour" protest organized…

She's been popping up in a lot of places lately to chime in on the economy.  This time Huffington Post editor-in-chief Arianna Huffington appeared on ABC's April 5 "This Week," where she voiced her disapproval of the March 30 decision by the Financial Accounting Standards Board (FASB) relaxing mark-to-market accounting rules. "This week, we saw so many concessions to the banks," Huffington…

No one can accuse News Corp. CEO Rupert Murdoch of being an economic cheerleader, despite his net worth of $4 billion according to Forbes magazine. In an interview with Fox News Channel and Fox Business Network anchor Neil Cavuto on April 2, Murdoch was not hopeful the financial markets would recover their value within the next 12 months. "Look, I'm not a market expert," Murdoch said. "I would…

For the second time in a week, CNBC's Rick Santelli faced down one of the standard-bearers of liberalism.First, he explained to Huffington Post editor and founder Arianna Huffington on the March 31 "Squawk Box" that markets are more efficient in correcting economic hardship, in the banking and housing sectors. On CNBC's April 3 "The Call," Santelli took on University of California at Berkeley…

Will There Be a Corresponding Media Call to Pitchforks?Please don't halt respiratory activity in the waiting. Freddie Mac and Fannie Mae are two public-private partnerships known as Government Sponsored Entities (GSEs).  Wherein the executive staff, populated with woefully unqualified, egregiously overpaid political crony appointees, get to play housing market roulette with the House's (read: OUR…

It came and went - and some might not have even noticed it - despite the seriousness of its use. On April 2, CNBC's Jim Cramer proclaimed the Depression over. Throughout that day, the "Mad Money" host told viewers of MSNBC's "Morning Joe," CNBC's "Street Signs" and finally on his own program that the Depression was over and that we were on the verge of a bull run for the financial markets. "We…

For The New York Times economic scene section for March 31, David Leonhardt came across with one of the most amazing admissions about Obama that I've ever seen in the Times. Namely that Barack Obama is just like Hitler. Now, many of you may be solemnly shaking your head in agreement, but in so doing you would be missing why the Times was comparing Obama to Hitler. You see, Leonhardt didn't mean…

With the G20 meeting in London, there have been raucous protests - clashes with police in riot gear, destruction of property at nearby banks and even the death of one man from a heart attack. And the media have gone out of their way to cover every sordid detail. To former Speaker of the House Newt Gingrich, the media's flag-to-flag coverage of the G20 protests are a glaring contrast to the…

On Tuesday, both USA Today and the Associated Press highlighted guarded optimism that seemed a bit beyond the justifiable after the release of March's sales results for the auto industry. Though there is perhaps some cause for hope, both reports made more out of the industry's roughly 25% sales pickup from February to March (compared to a typical 20% in previous years) than was justified. More…

It's no secret the Bush administration used fear tactics to push the $700-billion Troubled Asset Relief Program (TARP) through Congress last fall. Both members of the House and the Senate have come out after the fact and disclosed the details. However, the method the Treasury Department employed to get banks to go along with the TARP bailout breached legal boundaries to the point of "extortion…

Socialist International President George Papandreou has a lot in common with President Barack Obama. Both the world leaders have called for nations to come together to solve the global recession and both claim it is necessary to focus on a green economy. Papandreou, who is likely to become Greece's next Prime Minister, was encouraged by Obama's "very new signal" about global goals for…

The Associated Press did a masterful job of portraying Republican Governors as perpetrating "noncompliance" for how they want to spend Obama's education stimulus money. But, even as the AP spends the top half of a story wagging fingers at those nasty Republicans for not spending Obama's generous gift the right way, buried in the story it is revealed that the fault is really with how the stimulus…

Both have loyal following, but their fans are on opposite sides of the political spectrum. CNBC's Rick Santelli rose to prominence earlier this year when he railed against President Barack Obama's policies on live TV from the floor of the Chicago Mercantile Exchange. He's a hit with conservatives staging tea parties to protest the bailout culture in Washington throughout the country.  Arianna…