Tag: bailout

Over the weekend, the Obama administration “requests” the CEO of General Motors to resign. And he does. Regardless of the current financial situation of GM, or the partial bailout funds GM has received, this is probably the most egregious–and frightening–move the administration could make. The amount of interference of the government currently in private corporations…

Aside from the very valid arguments that the bailout bill is unnecessary, exceedingly expensive, exceedingly expansive, and just a bad idea in general, I’d like to explain a very simple reason why the bill should not be passed by the House. That very simple reason is the phrase “…and other purposes”. It finds its way…