New York Post, March 15, 2023 Biden’s bank bailout just the latest in decades of DC disasters by James Bovard Honest bailout” is Washington’s biggest oxymoron. After two federally insured banks crashed and burned over the past week, President Joe Biden promised Monday, “No losses will be borne by the taxpayers” from federal relief efforts. […]
Tag Archives | Bailout
Biden’s Rescue Act Targets Americans’ Freedoms
Biden’s Rescue Act Targets Americans’ Freedoms by James Bovard Since the 1800s, surly Americans have derided politicians for spending tax dollars “like drunken sailors.” Until recently, that was considered a grave character fault. But Joe Biden’s American Rescue Plan Act shows that inebriated spending is now the path to national salvation. It was a common […]
D.C.’s Iron Curtain of Secrecy Endangers The Economy and Everything Else
American Institute for Economic Research, June 18, 2020 D.C.’s Iron Curtain of Secrecy Endangers The Economy and Everything Else by James Bovard The Trump administration is threatening to sue John Bolton for unauthorized disclosures in his new book dishing dirt on Trump from their private discussions when Bolton was National Security Advisor. Bolton, who has […]
Lee Iacocca, America’s “Consumer Enemy Number One,” Dies
Former Chrysler boss Lee Iacocca passed away today at the age of 94. Since he was one of the most prominent protectionists of the 1980s and 1990s, I wrote about him often. Here’s a piece I did for the Detroit News in 1985. (I tip my hat to my late father, who kept my early […]
Debt Limit Talks: “Squeal Like a Pig,” the Establishment Said
Tom Toles’s excellent cartoon below captures the soul of the debt limit talks. Anyone who is not cynical is probably heading for the chopping block. My good friend and talk show hellraiser extraordinaire Brian Wilson has an excellent article tomorrow at LewRockwell.com on the real meanings behind the key terms flung around in the current […]
Your Tax Dollars at Work and Play
Washington Times, April 15, 2011 Uncle Sam’s big plans for your hard-earned tax dollars by James Bovard Congratulations – your tax payment is probably your biggest purchase of the year. The federal tax burden now amounts to more than $20,000 per household, according to Internal Revenue Service data. Your contribution to the Treasury coffers will […]
A Tea Party Bright Side: Making the Fed Sweat
It’s great that the Tea Party is making the Federal Reserve sweat…. The New York Times has a piece detailing how, thanks to Tea Party activists, one “likely outcome” of the November elections “is greater scrutiny of the Fed, even though the Wall Street regulatory overhaul that Mr. Obama signed in July already calls for […]
