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Obama is refusing repayment of TARP money.  Why?  You can probably guess.  He wants to tell the banks who to lend to and how much.

I might be a little to the game, but we watched this documentary in my Manec class last week.  It’s a PBS documentary about the financial “meltdown” that took place only a few months ago.  It has the dramatic feel of a film about the Watergate scandal, but does a good job of walking the [...]

For the last eight years, everyone has been discussing the far-reaching use of “executive power” by Bush and whether or not he overstepped its limits.  But what about the misuse of power when the executive and legislative branches collude? 
I’m extremely disturbed by the Bonus Tax Bill that the House passed yesterday.  It stipulates that any [...]

Today Senator Harry Reid of Nevada introduced legislation to give Ford, GM, and Chrysler government loans totalling $25 billion at interest rates starting at 5%.  The only requirement… Executives making more than $250,000 a year must not receive bonuses.   The money will come out of the $700 billion TARP funds.  Also included in the bill is an extension of [...]