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Andrew Clem February 2006 Archives

1 hour, 10 minutes ago ago from Andrew Clem's "Blog With No Name"

February 2006 Archives Central archives Annual archives (by topic) Baseball, 2006 Politics, 2006 Latin America, 2006 War, 2006 Wild birds, 2006 Macintosh & Misc., 2006 Monthly archives (all topics) December, 2009 November, 2009 October, 2009 September, 2009 August, 2009 July, 2009 June, 2009 May, 2009 April, 2009 March, 2009 February, 2009 ...

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The Auto Bailout One Year Later: Was It Necessary? Did It Work?

20 hours ago ago from The Beacon

President Bush provided the initial bailout for GM and Chrysler in December 2008, so it's reasonable to look back a year later and ask: Was the bailout necessary?  Did it work? In hindsight it is readily apparent that the answers are: No, and No. President Bush argued that the bailout was needed to keep GM and Chrysler out of bankruptcy, because nobody would want to buy cars from the companies if they went bankrupt.  There would be ...

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Bailout watchdog: Crisis response worked, somewhat (AP) | Pink Sheet Blog

5 hours ago ago from Pink Sheet Blog

WASHINGTON (AP) The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says. AP Treasury Secretary Timothy Geithner listens at the opening of President Barack Obama's jobs summit, officially known as the Congress set goals for (the bailouts) that went well beyond short-term financial stability, and by that measure problems ...

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Is spending the solution to get out of a recession?

5 hours ago ago from CHESSNOID

I blogged about this when President Bush was still officially in office. We already had a stimulus package and a bailout that year under President Bush and a Democratic majority of the House and Senate. It was a failure and did not work.  Simply,  it was a bad idea back then and still and still a bad idea today. I wrote this on Dec 21, 2008 but it sounds like I could have written it today as President Obama begins to campaign for more ...

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