via: heritage.org There is no person more central to Washington’s bailouts of Wall Street than Treasury Secretary Timothy Geithner. As President of the Federal Reserve Bank of New York, he oversaw the federal bailout of Bear Stearns and under former Treasury Secretary Hank Paulson, Getihner designed the original bailout plan for the American International Group [...]
Archive for May, 2010
17 May
Political Futures: The Specter of a big loss Tuesday
“Nothing so strongly impels a man to regard the interest of his constituents, as the certainty of returning to the general mass of the people, from whence he was taken, where he must participate in their burdens.” –George Mason “Big day in politics tomorrow. … In Pennsylvania, the primary between Sen. Arlen Specter and Rep. [...]
7 May
Big Brother to Monitor Your Bank Account?
Treasury Secretary Timothy Geithner, who didn’t see fit to pay his own income taxes, may soon have the authority to watch over your financial transactions, thanks to a new federal agency that would be created in the Democrats’ financial overhaul bill. The Office of Financial Research, straight out of a George Orwell novel, would serve [...]
7 May
Traficant Is Putting the Con in Congress
James Traficant, the disgraced Democrat congressman who served nine terms in Congress before serving seven years in prison for bribery, obstruction and tax evasion, is out of jail and looking to get back into politics. He filed papers this week to run as an independent against a former staffer, Tim Ryan, who beat Traficant when [...]
7 May
Congressional Primaries
Several congressional primaries were held this week, and while the results were mixed, the anti-incumbent wave predicted for 2010 is still alive and well. For the GOP, the biggest race was the five-way contest in Indiana, where the winner goes on to face Rep. Brad Ellsworth, the Democrats’ handpicked successor to retiring Sen. Evan Bayh. [...]
7 May
Another One Bites the Dust
Rep. David Obey (D-WI) became the latest Democrat to announce retirement this week, surprising many of his colleagues by deciding that 42 years in the House is enough. Not that he admits to being nervous about his prospects in November: “I’ve won 25 straight elections,” he boasted. “Does anyone really believe I wouldn’t have won [...]
7 May
What Country Is This Again?
It’s no surprise that Arizona’s recently passed immigration law continues to generate controversy. Immigration rallies took place across the country on May 1 — or “May Day,” the international communist holiday — as thousands took to the streets in support of (illegal) immigration. These “useful idiots” may think they’re protesting against racism and bigotry, but [...]
6 May
Endowed by our Creator
“To the distinguished Character of Patriot, it should be our highest Glory to add the more distinguished Character of Christian. The signal Instances of providential Goodness which we have experienced and which have now almost crowned our labours with complete Success, demand from us in a peculiar manner the warmest returns of Gratitude and Piety [...]
