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The article offers support in favor of eliminating the guarantee of government bailout with regards to what to do with mortgage giants Fannie Mae and Freddie Mac which have been in conservatorship. House Financial Services Committee chairman Jeb Hensarling is cited to have proposed abolishing Freddie and Fannie, and eliminating any guarantee so investors would be more cautious. Avoiding a moral hazard, and evidence of enough money floating around are cited as reasons to eliminate a guarantee.

The article contends that the auto bailout is assisting U.S. President Barack Obama lure the votes of such blue-collar states as Michigan, Ohio and Pennsylvania. Ohio is reportedly at the top of the must-win list for both Obama and rival Mitt Romey, and it has over 800,000 jobs directly or indirectly associated with cars. While Romney wins higher in polls on economic expertise, Obama allegedly outperforms him on likability and on who cares more about the problems of everyday Americans.

The article reports that blue-collar states in the U.S. such as Michigan, Ohio, and Pennsylvania may help U.S. President Barack Obama get reelected. The revival of the auto industry due to the government's auto bailout may reportedly convince some white noncollege voters to vote for Obama. Obama allegedly needs only 35% of the blue collar vote to win another term. Various opinions on Obama and Republican candidate Mitt Romney are presented.

The article criticizes U.S. Republican presidential candidate Mitt Romney's position on the European crisis. When asked what the U.S. government should do about the crisis during an interview with Columbia Broadcasting System (CBS) News, Romney said that the U.S. should not bail out European banks and he would strengthen the economy against fluctuations in Europe if he were president. The author said that Romney needs a more specific stand on those questions.

This section offers news briefs about U.S. politicians. Iowa Republican Senator Chuck Grassley has committed several gaffes, including calling U.S. President Barack Obama stupid and his comments on the federal bailout funds. Radio host Mike Huckabee and Republican Party presidential front-runner Mitt Romney exchanged a friendly banter during Huckabee's radio program. Retiring Democratic Representative Barney Frank of Massachusetts shared he did not miss campaigning over the recess.

The article explores lessons from the auto-manufacturing sector bailout in the U.S. During the bailout, the government reportedly recognized how interconnected entire sector had become. One expert believes the government should intervene only when it can support multiple industries, when there is a natural government purpose, and when the private sector helps contribute to the work. Meanwhile, the electric-car sector is the part of the bailout that still struggles to pay dividends.

The article contends that international economic cooperation is unlikely to be reached during the International Monetary Fund (IMF) gathering on September 23, 2001. Government debt loads and the different challenges confronting major economies make it more difficult for governments to concur on a plan. A bigger limitation has been political constraints, with both German and American voters hostile to IMF bailouts.

The article contends that the economic recovery plan of U.S. President Barack Obama was largely founded on placating the gods of the markets he did not totally comprehend. Obama allegedly gambled that a bailout of Wall Street would be adequate. In spite of this presidential appeasement, banks reportedly have done not more but even less lending, slashing it by 4.1%. In addition, recent data suggest that the government's other efforts to appease American business, such as the offers from an 800 billion U.S. dollars stimulus plan, do not seem to be working.

The article talks about Republican presidential candidates who were criticized for being moderates as far as being true fiscal conservatives are concerned. Conservative juries such as The Wall Street Journal editorial page and the Club for Growth rate several Republican presidential hopefuls such as Mitt Romney and Newt Gingrich. The Journal holds the Obama-like Massachusetts health insurance law against Romney while the Club for Growth bashed Gingrich for supporting the 2008 Wall Street bailout.

The article focuses on U.S. home loan lenders Fannie Mae and Freddie Mac, which were not included in a financial reform plan introduced by the administration of President Barack Obama in 2009. It says the separate bailout and nationalization of the lenders has already cost taxpayers 145 billion dollars and is expected to increase to several times that amount. These firms encourage bank lending by providing insurance for home loans, rather than lending money directly to homeowners. The omission of the lenders from the plan was criticized by Republicans.

The article focuses on the Financial Stability Oversight Council which is included in the financial reform bill in the U.S. It is composed of top economic officials tasked to deal with the instability of the financial system. A coordinating role will be played by the council in the case of regulatory failure and an economic meltdown. According to Senator Barbara Boxer, faltering banks and finance companies would have to be broken up by the systemic risk council rather than being bailed out.

The author examines the voters' hostility directed toward the U.S. federal government, the Congress and the Democratic Party. He suggests that much of the anger at Washington is caused by the Troubled Asset Relief Program, bailouts and takeovers that did in fact save the U.S. economic system. He also notes the hostile reactions of independents and moderates to the emergency measures that had to be taken after the fall of Lehman Brothers and cites the likely manifestation of the voter's hostile mood in the November 2010 election.

The article describes writer David Frum as a counterpart of William F. Buckley who made it possible for U.S. conservatives to govern. It states that Frum was fired from the American Enterprise Institute due to his criticism of the Republican's health care reform strategy, has ongoing talks with a conservative student group regarding bank bailouts and the Troubled Asset Relief Program, and is trying to get close to the liberals. It also notes that Frum was offered a job at "National Review" by Buckley which he declined.

The article presents a criticism of U.S. President Barack H. Obama's policies. It lauds his attempt to reform health care, but criticizes his sources of funding, accusing him of using obvious sources. It links health care reform with economic insecurity, explaining how the stress of job loss can be mitigated if health care could be guaranteed. It further accuses Obama of many good ideas, but of not having a practical means of seeing them about. It states that the first financial package to bail out failed firms has ruined people's appetites for another.

The article focuses on the frustration voiced by U.S. Democrats and liberals over the policies of President Barack Obama. Economic Policy Institute founder Jeff Faux said that the surge of U.S. troops in Afghanistan proved that Obama will not advance their priorities at the time when they already controlled the Congress after their support on his campaign. Left activists oppose his bank bailouts and health care that taxes cost-free insurance. Civil libertarians noted that Obama imitates the detainee treatment of his predecessor George W. Bush.

The article reports on the call of unions and civil rights groups for the U.S. Congress to establish a job creation program for neighborhoods that are not seeing results from the Recovery Act. Unemployment rate is said to be increasing in many poor and minority communities. It cites the plan of the government to hold an unemployment summit in December 2009 to address the issue. According to Representative Edolphus Towns, the expected growth in consumer confidence to be brought by bank bailouts in fall 2008 has not been built.

The article reports on the concerns raised by many U.S. lawmakers about the expanded role of the U.S. government in the private sector as of 2009. The government has invested hundreds of billions of dollars in large corporations, such as the American International Group, Chrysler and Citigroup. Majority of Republicans proposed rolling back the bank bailout and the economic stimulus package to boost the economy.

The article explores the challenges being faced by the U.S. federal government after the administration of President Barack Obama steered General Motors (GM) into a structured bankruptcy. It is noted that nationalized management of the automotive company left lawmakers to exercise control over the hundreds of billions of federal dollars invested to prevent an economic collapse. Republicans from automotive-producing states criticized Obama's handling of the bankruptcy of GM.

This article explores the role of U.S. Representative Darrell Issa as the watchdog for congressional Republicans, charged with monitoring mistakes of the administration of President Barack Obama. Issa has harangued Vice President Joseph Biden for discouraging the use of public transportation during the swine flu outbreak and challenged the Treasury Department's financial bailout program. He expects the Democratic majority in Congress to give President Obama a pass when it comes to oversight.

The article discusses the results of a CNN poll conducted by Opinion Research in April 2009. It surveys people in the U.S. regarding the government's bailout of automotive and financial companies. The poll found that more than three-quarters of respondents said that if General Motors and Chrysler need more government money, Washington should rebuff them and let them go bankrupt. The public also said the same thing about banks and financial institutions.

The article presents the results of a U.S. Congressional Insiders Poll on support for the way the administration of U.S. President Barack Obama is handling General Motors and Chrysler. Eighty-nine percent of Democrats said they support the Obama administration's handling of the financial problems of the automakers. On the other hand, majority of Republican respondents did not favor the Obama administration's move to help the automakers.

The author discusses the issue of unfairness over the U.S. federal government's bailout of financial institutions that are also the culprit or contributed to the financial crisis and recession facing the country. He explains that U.S. President Barack Obama is simply focused on convincing the public that his solution to the problem might be not fair but that is the best for the future of the country. He says that this could be tough sell for Obama and what he needs is to argue that fairness lies in the future.

The author contends that the automobile industry needs to build new engine and new cars that answers the concerns of buyers about global climate change and high price of fuel. He explains that U.S. government bailout of automobile companies is a necessary action to help them survive the financial crisis and recession. However, government should only be made until the industry has recovered sufficiently. The decline in automobile is a global phenomenon and there are predictions that after the end of the crisis only six automobile companies will remain.

This article reveals that based on a CNN/Opinion Research poll conducted in mid-March 2009 support for the economic stimulus plan of U.S. President Barack Obama is declining despite Obama's full campaign efforts. Respondents in the March poll gave 54% support for the stimulus plan, down from 60% in February 2009 poll. However, the same poll reveals that Obama remains popular with 64% job approval rating. It presents information on the views of the public about failing banks.

This article discusses how the scandal involving the bonuses of executives at the American International Group (AIG), which has received large U.S. federal government bailout, might impact the administration of U.S. President Barack Obama. It explains that is yet no indication that the scandal which has outraged the public will damage the public image of Obama but it is expected to dissuade the U.S. Congress from allocating more money needed to stabilize the banking system. It is expected that Obama will impose stricter conditions for bailouts.

This article discusses the magnitude of the challenge facing the U.S. federal government in dealing with the financial crisis and recession. It explains that the public's reaction to such news as bonus of executives at American International Group (AIG) and nationalization of bailout financial institutions borders on the irrational. It suggests the creation of a bank that will absorb the bad assets of banks to help them start to lend in normal terms. It explores that idea of Treasury Secretary Timothy Geithner's plan to buy toxic assets from banks.

This section offers news briefs related to the U.S. Congress for the week ended March 20, 2009. Congress was consumed by revelations that American International Group paid $165 million in executive bonuses even though the company's failures led to a government takeover. The Senate on March 19 voted 77-20 to approve a long-pending package of more than 150 public lands, water, and natural resources bills, sending it back once again to the House. The Senate on March 18 voted 92-5 to confirm former Dallas Mayor Ron Kirk to become U.S. trade representative.

This article emphasizes that what U.S. Representative Alan Grayson, Democratic-Florida, a member of the House Financial Services Committee, is raising about the manner in which the federal government doles out money to troubled financial institutions should be given attention by the public. Grayson wants the public and the U.S. Congress to watch carefully the bailout plans of the federal government. Grayson wants to safeguard the taxpayers' money. He contends that the Congress must be tough on financial firms that are responsible for the crisis.

The article focuses on several U.S. legislative bills in 2008. It notes that most Republicans plus 80 Democrats voted yes to a measure that gives funding for the wars in Iraq and Afghanistan on June 19, 2008. It cites that most Republicans plus 20 Democrats voted no to a measure that provides a $14 billion government bailout to the automobile industry. It states that all Republicans plus 11 Democrats voted to table an amendment opposed by business giving bankruptcy judges more authority to readjust mortgage terms.

The author contends that the economic stimulus bill signed by U.S. President Barack Obama falls short of what the country needs to deal with recession. He expects that Obama will request additional funds from Congress to lift the economy. He explains that the manner by which the Congress approved the stimulus bill is unsual in that it the bill's details wereve never examined and legislators did not seem to have read the bill at all. He says that thought the stimulus bill is lacking it is good and can be expected to help the economy.

The article reports on the skepticism of members of the U.S. Senate Banking, Housing & Urban Affairs Committee on the bailout plan unveiled by Treasury Secretary Timothy Geithner. They are certain that Geithner will soon be back to seek a new federal-commitment to prop up ailing banks and to ease the credit crisis. Lawmakers said they are exceedingly wary that Treasury's proposed Financial Stability Plan could enhance the widespread unpopularity of the 2008 Troubled Asset Relief Program.

The article discusses the bailout plan unveiled by U.S. Treasury Secretary Timothy Geithner to shore up the financial system. The author argues that in diagnosing the problems with the Bush W. Bush administration's Troubled Asset Relief Program, Geithner found a crucial lack of transparency. The plan proposes a much broader effort to aid banks, prop up securities markets, and provide credit to businesses and consumers, probably requiring more money from Congress.

The author suggests that U.S. President Barack Obama should recast the debate surrounding the economic stimulus package bill by reaffirming his commitment to long-term fiscal discipline. He cites one veteran Democratic as admitting that Democrats seem to be losing the framing of what the economic stimulus bill is. The economic stimulus plan of Obama directs funds toward both short-term stimulus, such as tax cuts and payments to states and long-term investment in health care, energy, education and infrastructure.

This article explains that chief executive officers (CEOs) at large banking firms are preparing for the what is expected to a tough hearing by the U.S. House Financial Services Committee. The largest banks are taking plenty of anger from the White House and Congress. They have been criticized for paying billions of dollars in executive bonuses after their institutions received large federal bailout, and for failing to explain what, if anything, their firms have done with the bailout money to help jump start the economy.

The article focuses on U.S. Republican Senator Kirsten Gillibrand of New York who was appointed by Governor David Paterson to fill the Senate seat vacated by Secretary of State Hillary Rodham Clinton on January 23, 2009. She was one of only three who opposed final passage of the financial-markets bailout. It is stated that the performance of the senator in the House suggested that her prospects should not be underestimated, given her impressive fundraising, campaign skills and political positioning.

The article focuses on the struggle of U.S. Senate Minority Leader Mitch McConnell to resist the economic stimulus bill of President Barack Obama. McConnell has expressed his willingness to work with the Democrats on the bill if they include their proposals. But Republican political consultant David Winston said that it would be difficult for McConnell and his party to fight the bill due to the lack of White House and Congress control. Republicans believe that their resistance would help them regain the congressional majority in 2010.

The author reflects on the end of partisanship at the U.S. Congress as President Barack Obama reaches out to Republicans for his economic stimulus bill. He notes that Obama still pursues Republicans even if he does not need their votes due to congressional majority of Democrats to prove that he will govern on bipartisan basis. He adds that such approach has gained Obama the respect of Republicans after he appeared before Senate Republicans. Republicans also say that Obama has been responsive to their suggestions.

The author compares the economic stimulus bill of new U.S. President Barack Obama to the economic policies of previous presidents. The bill is said to provide relief for umemployed workers, local governments and infrastructure and would boost long-term public investment. Based on the Office of Management and Budget data, he notes that Bill Clinton increased public investment over George H. W. Bush by $176 billion on two terms. He likens the tax cuts of Obama to the ones implemented by Ronald Reagan.

The article focuses on the issue of bipartisan cooperation under the administration of U.S. President-elect Barack Obama. According to the author, Obama has a bigger majority and a bigger mandate than former President Bill Clinton had when he took office, yet Obama is not behaving as if he has a partisan mandate. It notes that the stimulus plan of Obama consists of $300 billion in tax cuts which the president-elect insists are not motivated by politics. In the author's view, it is going to take some effort to get Congress to rise above partisanship.

The article focuses on the expected inclusion of health care as a key component of the stimulus package that U.S. President-elect Barack Obama and congressional leaders are crafting. It cites the possibility that Congress will open Medicaid to unemployed workers and to extend the length of Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage. It mentions the intention of Obama and key Congress members to include in the package significant amounts to promote the adoption of health information technology by doctors and hospitals.

The article focuses on the criticism against the $700 billion Troubled Asset Relief Program (TARP) of the U.S. Treasury Department for its alleged lack of transparency and failure to define its purpose. A legislative bill was introduced by House Financial Services Committee Chairman Barney Frank to require Treasury to disclose more details about TARP and mandate that Treasury help stop foreclosures by spending some TARP funds. It mentions the stand of President-elect Barack Obama on TARP.

The article focuses on the dangerous imbalance for the U.S. Republican Party resulting from their vote against the bailout plan for the automobile industry. It notes that the vote of Congressional Republicans may lead to obstacles for their agenda under the administration of President-Elect Barack Obama. It adds that Republicans may have a hard time recovering in swing or Democratic-leaning states. It mentions that the party faces a debilitating cycle wherein the caucus majority can gain strength while the minority becomes endangered.

This article discusses the need for a bailout by the U.S. automobile company General Motors (GM) in December 2008. The company announced that it was within weeks of bankruptcy. Many Democrats would settle for a short-term bridge to a healthier economy. Many Republicans, by contrast, want a long-term bridge to a viable GM.

The author argues that international cooperation aimed at countering the global economic turmoil are inadequate. He asserts that many challenges lie ahead that will test the ability of governments to work together to keep the downturn from morphing into a depression. Sovereign self-interests are still driving governments to pursue disjointed responses to the crisis. Countries are also talking about bailouts for their automobile industries even without a set of international principles.

The article focuses on the need for U.S. President George W. Bush and his successor to work together to ease financial crisis. According to Treasury Secretary Henry Paulson Jr., he had asked presidential candidates John McCain and Barack Obama each to agree, if elected, to choose with him the permanent head of the government's $700 billion financial rescue agency. It cites the desire of Adam Posen of the Peterson Institute for International Economics for the easing of the crisis to continue during the transition.

The article reports that businesses in the U.S. are wary about the tax measures to be implemented in 2009. It states that the $700 billion bailout for financial institutions signified a political victory for congressional Democrats as it scaled back tax breaks for oil and gas companies. Senator John Kerry said that low income and middle-class families need tax incentives for their retirement and not hedge fund managers. Comments from national managing director of Houston, Texas-based tax advisor firm alliantgroup Dean Zerbe are included.

An interview with New Jersey Governor Jon Corzine is presented. According to him, the bailout plan of the U.S. as of 2008 is ugly, unattractive but necessary. He thinks that U.S. Treasury Henry Paulson has a very tough task since he is responsible on identifying how to make the effectiveness of the financial system better. He says that the country has had weak leadership on the economic front for eight years.

A table is presented that shows data regarding the amount of U.S. government bailouts from 1971 to 2008.

The article focuses on the legislation passed by the U.S. Congress that has created an Office of Financial Stability within the U.S. Treasury Department and charged with implementing the Troubled Asset Relief Program. It examines the challenges in implementing the law like identifying the number of people as well as their necessary skills in running the bailout, federal pay constraints, and ethical issues.

The author comments on the rejection of the bailout plan by the U.S. House. He blames the failure of the initiative to House Republicans who voted against it despite pleas from President George W. Bush and Senator John McCain. He predicts that it would be difficult for McCain to mobilize House Republicans to support his agenda when he is elected president. He adds that the outburst of House Speaker Nancy Pelosi against Bush denotes that the interests of Senator Barack Obama as president will not be the same with his party's leaders.