The Bailout Bonanza
October 3, 2008 by Cato
Filed under Fiscal Policy, National Politics
As the House moves to once again tackle the bailout bill we need to ask ourselves some hard questions:
- Do we really need it?
- If we need a bailout bill, is this the one?
The first question is obviously the hardest to answer and we’ll save it till last. As for whether we need this particular bailout bill, the answer is clearly no.
How is a Christmas tree bill loaded up with pork in the best interests of our national economy? Have our elected representatives in the US Senate become so cynical and so lacking in any integrity that they are incapable of passing supposedly vital legislation without tacking on subsidies for manufacturers of wooden arrows?
Sphere: Related ContentMortgage Bailout Unsound – What Will Be Cost?
July 26, 2008 by Cato
Filed under Affordable Housing, Corruption, Economics, Liberalism, National Politics
Hans Bader at OpenMarket.org reports that the bailout of Fannie Mae is structurally unsound. Just as distressing is the fact that the announced $25 Billion price tag is a “Wild Guess” at best.
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