As Washington moves closer to taking over some of the country’s most insolvent banks, it’s interesting to watch congressional Democrats squirm to endorse the idea without attaching to it a label of nationalization.
There’s been no absence of criticism leveled against Treasury Secretary Tim Geithner and the rest of the White House economic team after their Wall Street bailout strategy, unveiled last week, came up short on details and sent the Dow tumbling nearly five percent.
Today, The Washington Post today More…
Just in time to get out of town for a week-long President’s Day recess, the Senate on Friday afternoon all but secured passage of the Democrats’ $787 billion stimulus package, complete with $232 billion in tax rebates — including $7.70 per week for you and me.
By 6 p.m., Democrats More…
The Democrats’ ginormous $787 billion stimulus bill passed the House this afternoon, without a lick of Republican support. The count was 246 to 183, with seven Democrats opposing the measure, and another (Illinois Rep. Dan Lipinski) voting present.
Apparently not convinced that the Wall Street bailout law goes far enough to ensure the money is well spent, Sens. Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), both leaders on the Senate Finance Committee, introduced legislation today that would force companies accepting taxpayer money under the Troubled Assets Relief Program More…
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