by Jane Richey | Aug 22, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Only 65 percent of the nearly $80 billion that President Obama unilaterally diverted from the Troubled Asset Relief Program (TARP) to bail out the auto industry over the strong objections of Congress has been recovered, according to the U.S. Treasury Department’s July...
by Jane Richey | Nov 2, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
President Barack Obama said on October 15 that “we got back every dime we used to rescue the financial system.” According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to...
by Jane Richey | Aug 17, 2012 | Constitutionally Limited Goverment, Free Markets
President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly...
by Jane Richey | Aug 11, 2012 | Constitutionally Limited Goverment, Free Markets, Politics
President Barack Obama said in two separate speeches in Colorado Thursday that what he did with the auto industry – a taxpayer bailout followed by bankruptcy and restructuring — “we can do it in manufacturing across America.” This comes just a month after...
by Jane Richey | Aug 10, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
The chairman of the House Oversight and Government Reform Committee said Friday that President Obama used the bailout of U.S. auto companies to “strong-arm” them into agreeing with high gas-mileage standards. Rep. Darrell Issa (R-Calif.) said the standards, which call...