Finally, A Lawsuit I Can Get Behind

I have little patience for frivolous lawsuits that drain taxpayers’ wallets to give lowlifes an outlet for their vanity or easy access to get rich quick by exploiting the letter of the law. That’s why I get almost giddy when a fully merited lawsuit surfaces.

Michelle Malkin reports that Fox Business Network filed suit against the U.S. Treasury Department over failure to respond to legitimate Freedom of Information Act requests. The Network sought data on the allocation of bailout funds that … gasp … would give the American public the transparency promised by Hank Paulson when he ascended to the bailout throne earlier this year.

Kevin Magee, Executive Vice President, FOX News commented, “The Treasury has repeatedly ignored our requests for information on how the government is allocating money to these troubled institutions. In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it’s more important than ever to hold the government accountable.”

Steven Mintz, Esq. of Mintz & Gold LLP, and legal counsel for the network added, “Despite the several requests for expedited information filed by FBN, it has become apparent that the Treasury will not cooperate without mounting legal pressure. Therefore, we have filed a complaint in the Federal Court in New York and ask the Court to make the Treasury provide the information sought by the journalists at FBN.”

Justice and government accountability – dare I hope?

December 19, 2008 · Filed Under Corruption, Economy

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How to Explain Wealth Redistribution to a Kid

Bill Dyer, aka Beldar, helps his daughter understand what it really means to redistribute to others what one has worked hard to earn.

“What will probably be your best grade?” I asked.

“Guitar,” she said, “That will probably be a 97 or a 98.”

“Cool,” I said. “You really have been successful. But I think you should tell your Guitar teacher that you want to give six or seven of those points to some of your classmates who haven’t practiced so hard or don’t have the talent you have.”

She looked up at me, startled. “What?”

“That class is easy for you, and you have lots more points than you need for an A. They need those points more than you do,” I explained.

“Then they should have worked harder!” she protested.

Read Bill’s full conversation with his daughter at Townhall.com.  I think he might even convince her to give up her Barack Obama lunchbox sticker!

October 28, 2008 · Filed Under Barack Obama, Economy

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Good Stuff: An Ethanol Bailout is in the Works

Holy crap! The ethanol industry is already basically one giant preemptive bailout, and now they’re looking for a 25 million massage from Uncle Sam?  I’m going to be sick.

October 24, 2008 · Filed Under Economy

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George W. Bush: Obama Fluffer

Can someone please explain why the bloody hell George W. Bush is vigorously fluffing Barack Obama?

Bush seems to be doing everything he can to make sure Obama will have no trouble screwing the country with socialist economic policies in the event he takes office.  Once we’ve bailed out Wall Street, sent checks to people who don’t pay taxes, and nationalized American banks, will Obama’s redistributionist rhetoric seem as radical?

Something’s getting stimulated, and it’s not the economy.

October 15, 2008 · Filed Under Barack Obama, Economy, George W. Bush

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Bailouts and Stimulus Packages and Nationalizations, Oh My!

The American economy’s got a fever, and the only cure is to put a lid on government intervention.

That’s the lesson economics professors Harold L. Cole and Lee E. Ohanian gleaned from their 2004 study of the Great Depression that suggested FDR’s New Deal policies actually stifled economic recovery for seven years and prolonged the economic crisis into a 15 year Depression. (Hat tip: Jonah Goldberg.)

“Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump,” said Ohanian, vice chair of UCLA’s Department of Economics. “We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”

…

“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

Billions of dollars were spent on economic stimulus checks, and more than a trillion is expected to be channeled toward Paulson’s bailout extravaganza. I’m no economist, but I’m pretty sure those expenditures qualify as significant government intervention and a lack of trust in capitalism.

And now, we’re looking at nationalizing banks and Pelosi has another ill-conceived stimulus package on the way? Doom and gloom may be too optimistic.

October 9, 2008 · Filed Under Economy

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Jim DeMint: A Voice of Reason on the Bailout

Senator Jim DeMint (R-SC) opposes the bailout and voted his conscience in the Senate on Wednesday. DeMint has a solid history of fiscal conservatism that includes leading the charge against pork barrel spending in the Senate. His speech on the Senate floor was a welcome voice of reason amidst the pervasive fear mongering:

I don’t agree with Jim DeMint on some social issues, but on this he’s spot on. Let’s hope he’s working the phones to convince his colleagues in the House that the bailout bill can’t go forward in its current iteration.

Deliberations continue in the House today. Contact as many Representatives as you can to let them know that Americans of all political persuasions oppose the bailout. Michelle Malkin has contact info for every House GOP member who voted “No” on Monday.

October 2, 2008 · Filed Under Economy, Jim DeMint

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