American taxpayers bailed-out GM for what?

(Hat tip: Carolyn Webb)

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Illinois Governor proposes federal bailout for his state

Illinois is one of the public union states that will one day need a federal bailout because of their pension shortfalls. Governor Quinn has now made that official by pointing out in his budget proposal that, “significant long-term improvements” in that debt will come from “seeking a federal guarantee of the debt.” ✧ Wonder how the governors of other states that have taken fiscal responsibility for their spending or “right to work” states will enjoy subsidizing undisciplined public union states like Illinois and California? Read more at the Rockford Register Star...

Related:
Wall Street Journal: An Illinois Pension Bailout? - Governor Quinn wants you to guarantee his state's pensions.
State Budget Solutions: Block any pension bailout now to force reform By Frank Keegan Read More......

WND: U.S. Marine fires back over Shariah loans

WORLDNETDAILY, 6/8/2010 by Chelsea Shilling (Hat tip: Stella Guenther) - Christian combat vet suing Fed for promoting Islam with AIG bailout: A U.S. Marine who served in Iraq is suing the federal government for distributing billions of dollars in taxpayer funds to the Shariah-supporting American International Group. ∴ The lawsuit, Murray v. Geithner et al., was brought against the Fed and the Treasury by the Thomas More Law Center on behalf of Kevin Murray, a former Marine who served honorably in Iraq to defend the United States from Islamic terrorists. ∴ Murray argues that he is being forced as a taxpayer to contribute to the propagation of Islamic beliefs and practices predicated upon Shariah law, which he says is hostile to his Christian religion. Read more at WorldNetDaily.com... Read More......

Debt Package for Europe Took U.S. Nudge

NEW YORK TIMES/Deal Book Blogs, 5/12/2010 - President Obama had just flown into Hampton, Va., Sunday morning to deliver a commencement address. But before he donned his silky academic robes, he was on the phone with Chancellor Angela Merkel of Germany, offering urgent advice — and some not so subtle prodding — that Europe needed to try something big. ∴ Weeks of hesitant half-steps to address Greece’s debt problems had only worsened market worries about the euro, and were threatening the still-fragile economic recoveries in the United States and Asia, Steven Erlanger, Katrin Bennhold and David Sanger report in The New York Times. Now, Mr. Obama told Mrs. Merkel that the Europeans needed an overwhelming financial rescue to end speculation that the euro — and European unity — could crumble. Read more at the NYT...

Related
Breitbart TV: Rep. Mike Pence (R-IN) (video) "We didn't ask Europe to bail out New Jersey or California. American taxpayers should not be responsible for bailing out Europe." Read More......

YOU DECIDE: Take the poll at Studio B

FOX NEWS POLL, STUDIO B with Shepard Smith - "Would you be upset if GM used taxpayer money on its operations overseas?" Let Shep know how you feel. Take the poll. Read More......

Why There Was No Depression

WASHINGTON POST, 10/5/2009 by Robert J. Samuelson (Hat tip: John Detweiler) - How close did we come to the Great Depression 2.0? That question will spawn a cottage industry of books, studies and conferences. But Christina Romer, the head of President Obama's Council of Economic Advisers, already has an answer: pretty darn close. Her conclusion deserves attention because Romer, in her previous academic career, was a scholar of the Great Depression. Read more at the Washington Post...

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TARP watchdog says Treasury lacking bank data

THE HILL.com, 7/19/2009 by Silla Brush - The top watchdog over the financial bailout package said the Treasury Department is rejecting "common sense" by not requiring banks receiving billions of dollars in government money to say how they are using the money. Read more at The Hill... Read More......

Bail Out California [?]

FORBES.COM, 5/29/2009 by Michael Maiello - Rescue the Golden State, but demand the governor's head. ∴ The State of California is considering handing out IOUs to blind people on state aid, students with education grants and taxpayers who are owed refunds. Last year, the federal government acted quickly to save Wall Street from itself. But now, when the basic social contract between California and its citizens is about to be broken, we merely yawn. California can be saved, though we the taxpayers should demand some concessions in exchange for the rescue. Read more at Forbes... Read More......