Monday Bailout Roundup: Back From the Dead Edition!

Posted by Andrew Moylan | 23 Feb

After a long hiatus, the Weekly Roundup is back bringing you up to date about the bailout and stimulus plans. Here are a few topics to bring you up to speed from this past week. As many of you undoubtedly have heard, President Obama went to the Denver, CO this past week to sign the most expensive check in our nation’s history and proposed his “throw more money at the housing problem” plan.

Let’s get those shovels ready….

Shovel-ready

We’ll start off with a citation of the good work of BailoutSleuth, one of my favorites, in two posts about what banks are receiving bailout money.
Good news! A $2 trillion budget deficit is possible, according to Calculated Risk.
From NTU’s own Government Bytes, the famous Rick Santelli rant.
And Cato’s Jerry Taylor takes on David Brooks’ reaction to the rant.
A short post from Calculated Risk on the Obama “throw money at the housing problem” plan.
Good news! Major country stands up for free trade in economic stimulus. Hint: it wasn’t the U.S.
Marginal Revolution gives us some edumacation on the difference between banks and bank holding companies.
More good news! The totally-working TARP program has been infested with lobbyists and pressure from Members of Congress.
An explanation of how the Obama Administration plans to flush…waste…burn through…distribute the second half of the TARP.
Shocker! The auto companies want more money. Gee, who could have predicted that?
Doug Bandow brings us a disturbing anecdote about people calling their Member of Congress for help with individual loan applications.

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oh my gawd all that wastful spending on bridges and teachers and healthcare and unemployment - let spend it on tax cuts for those who got us here in this place in the first place- and let's increase their bonuses too!

How about some serious solutions - and not the ones that worked so wonderfully when Reagan or Bush increased our deficit. Why did it take Clinton to reduct the budget?

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BeyondBailouts.org is a joint venture of the National Taxpayers Union (NTU) and Competitive Enterprise Institute (CEI). The purpose of the website is to educate about government’s role in our current financial difficulties, suggest reforms that address those root causes, and provide a clearinghouse for the latest analysis of the financial crisis. But most of all, it’s an outlet for Americans to contact their Members of Congress and the Administration to express their frustration.