07.23.2013 in Economy, Featured by Rick Manning 8

Are we all destined to be Detroit?

By Rick Manning Apparently sloganeering, Joe Biden’s bluster and Super Bowl car ad buys could not pull the Motor City back from the brink. The once proud city of Detroit buried under $18 billion of debt, a taxpayer exodus, collapsed infrastructure and public employee pension promises that cannot be kept has filed for bankruptcy, making it the largest city in […]

Federal Government loses at least $25 billion on auto bailout

I’m surprised it was only this much…: The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast. In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 […]

06.13.2012 in ALG Videos, Media by Frank McCaffrey 0

After Five Years Of Economic Turbulence, We Look Back At Five Years Of Poor Leadership

By Frank McCaffrey — The last five years have featured a recession, bailouts, a boom in national debt and a feeling of hopelessness. It’s seemed as if our leaders have only made it worse. Check out this collection of statements from recent years.

04.16.2012 in Bailouts, Economy, Featured by Bill Wilson 1

$717 billion negative equity mortgage bailout is a fraud

By Bill Wilson — The only thing standing in between the White House and a bailout of 11 million borrowers underwater on their mortgages to the tune of $717 billionis the FHFA’s Edward DeMarco, who has had the temerity of suggesting that the agency merely follow the law and protect taxpayers from unnecessary losses. DeMarco has steadfastly rejected a widespread […]

04.12.2012 in Bailouts, Economy, Featured by Bill Wilson 2

Italy and Spain test European bailout plan

By Bill Wilson — In the past month, the European sovereign debt crisis has reared its ugly head again. No, not in Greece, but this time in Italy and Spain. There interest rates on 10-year bonds have jumped from lows of 4.81 percent and 4.87 percent, respectively, to 5.53 percent and 5.87 percent. Last year, rates had gotten as high […]

Obama’s cynical mortgage bailout vote-buying scheme

By Robert Romano — It would not be an election year without the White House offering yet another bailout for distressed borrowers who owe more money on their homes than they are worth. Of course, it’s all political. Don’t let anyone tell you different. “The goal is to build a constituency of borrowers underwater on their mortgages with the hope […]

04.09.2012 in Bailouts, Economy, Featured by Bill Wilson 0

Obama to bail out borrowers with TARP funds

By Bill Wilson — This latest White House scheme to bail out borrowers with mortgage principal reductions using taxpayer fundsis nothing more than a cynical election year ploy. This time, the goal is to build a constituency of borrowers underwater on their mortgages with the hope that they might — emphasis on might — be able to get some relief. […]

03.20.2012 in Big Government, Featured, Politics by Bill Wilson 9

Some questions for Timothy Geithner on Greece

By Bill Wilson — Today, on March 20, U.S. Treasury Secretary Timothy Geithner will be testifying the House Financial Services committee on the state of the international financial system. This is an opportune moment for members to ask tough questions about U.S. taxpayers’ role in propping troubled sovereigns in Europe via the International Monetary Fund (IMF), especially with the Fund’s […]

03.16.2012 in Bailouts, Economy, Featured by Bill Wilson 12

U.S. tab for European bailout hits $20 billion—and counting

NRD Editor’s Note: This article appeared in The Washington Examiner on March 16, 2012. By Bill Wilson — Yesterday, the International Monetary Fund (IMF) approved a whopping $36.7 billion bailout of the banks that are owed money by the government of Greece. Shockingly, U.S. taxpayers are on the hook for approximately $7.5 billion of the total. Currently, the U.S. has […]

03.09.2012 in Featured, Politics by NetRight Daily 2

U.S. taxpayers give French auto company a bailout?

It never ends. This is exactly what many warned would happen when the bailout scheme was launched in 2008–a never ending cycle of taxpayers bailing out zombie companies: Attention U.S. taxpayers:  You now own a piece of a French car company that is drowning in red ink. That’s right.  In a move little noticed outside of the business pages, General […]

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