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The article focuses on the response by U.S. Democratic legislators to an oversight hearing on housing government-sponsored enterprises (GSEs) led by the House Committee on Financial Services in September 2003. Barney Frank of Massachusetts emphasized the financial security of Fannie Mae and Freddie Mac. Representative Maxine Waters stated the mission of Democrats for the companies, which includes finding a way to help minorities secure houses. The author explains the reason behind the anger of Democrats to bailout proposal failure.

The article discusses the possibility of another bailout for the U.S. Postal Service which enjoys a tax-exempt status and a monopoly on first -class mail delivery but is struggling against the rise of modern technology. Democrats are presented to be against issuing a bailout with structural reforms such as creative destruction by limiting capacity, reducing workforce and closing down post offices. A suggestion to privatize the Postal Service or wind down its operations is cited.

The article discusses the U.S. involvement in the 1.3 trillion U.S. dollars bail out fund for European countries through the International Monetary Fund (IMF). It cites the annual U.S. contribution to the IMF of 68 billion dollars and an additional 100 billion dollars approved by the U.S. Congress in 2009. It also notes House Regulation (H.R.) 2313 introduced for rescinding the 108 billion dollars funding for IMF with 83 cosponsors.

The article reports on a legislation being pushed by U.S. President Barack Obama that would set up a permanent fund to bail out companies in the financial sector.

The article discusses the probable conversion of the U.S. into a welfare state. The author laments that U.S. President Obama's big government policies will eventually turn the U.S. into a state where the government relieves its citizens of living by bailing them out, thus killing their creative spirit and character. Proof of the growing dependence of the people to the government is from the Tax Foundation's report that 60% of the population gets more in government benefits than it pays taxes.

The article reports on the hearings faced by U.S. Treasury Secretary Timothy Geithner before the House Oversight and Government Reform Committee. It states that Geithner refuses to take responsibility for the legacy of crises in the country. The author believes that Geithner's plan to move his financial regulatory reforms through Congress has failed as the plan involves giving the Federal Reserve System permanent bailout authority. The article argues that while bailouts brought short term stability, the same actions cost long term instability.

The article presents an explanation why U.S. Republican Bob McDonnell is leading the gubernatorial race in Democratic Virginia. It states that the administration of President Barack Obama had spent large amounts of taxpayer money to bailouts and called for an increase in taxes which will adversely affect younger citizens who are right now in need of jobs rather than pay higher taxes. This is in contrast with the program of McDonnell whose focus is job creation while the incumbent government calls for higher taxes.

The article emphasizes that the funds granted by the administration of U.S. President Barack Obama have been used to bail out foreign banks during the global economic crisis. It is said that about 58 billion of the 180 billion dollars from the Troubled Assets Relief Program (TARP) granted to the insurance company AIG was distributed to foreign banks. Some major U.S. banks are said to have used TARP funds in foreign investments. Also noted is that foreign companies benefited from the federal programs aimed at rescuing U.S. automobile manufacturers.

The author assesses the first 100 days of U.S. President Barack Obama on policy and political terms. He believes the policy that Obama has chosen to address the economic crisis will prove disastrous in the long-term. He is critical of the action by the Democratic National Committee when he proposed using a portion of the stimulus dollars to pay debt in South Carolina. He asserts that as Obama continues to overreach, conservatives have a chance to present an agenda centered on fiscal sanity.

The article offers a look at the first months in office of U.S. President Barack Obama. On January 20, 2009, Obama sworn in as the 44th U.S. president and on January 21, he retakes the Presidential Oath of Office because the initial swearing-in used incorrect language. Obama announces on February 4 that firms receiving bailouts via the Troubled Assets Relief Program (TARP) must cap top executive pay at $500,000. Obama announces a new strategy for the war in Afghanistan and Pakistan on March 27.

The author criticizes the path being taken by U.S. President Barack Obama to address the economic crisis in the country. He comments on the decision of Obama to appoint Nancy Killefer to the post of Chief Performance Officer. He asserts that recovering from the crisis requires Obama to take a real stand for fiscal responsibility, and make choices opposite of the ones he has made. He argues that an economic stimulus package similar to the ones passed in Congress and still being considered is not effective, as people opt to pay off debt rather than spend.

The author focuses on the final press conference of George W. Bush as U.S. President. He relates that Bush deferred to President-elect Barack Obama on the issue of releasing the next installment of $350 billion in federal bailout funds. He narrates that Bush called on the Republican party to be more comprehensive. He cites that Bush warned of the increasing trend toward protectionism in Congress with the failure of legislators to ratify three trade agreements he had pursued with foreign nations.

The author calls on U.S. Republicans to educate President-elect Barack Obama on supply side-economics in response to his stimulus package. He urges them to inform the public about the importance of tax cuts for individuals, businesses and investors to the economy. He agrees with activist Irving Kristol on the critical role of top earners in the economy in opposition against Obama's tax cuts for middle class. Aside from reducing government spending, he adds that Republicans should push for tax cuts to ensure economic growth and job creation.

The author opposes the Troubled Asset Relief Program bailout for Chrysler and General Motors (GM) which are based in Detroit, Michigan. He predicts that the requirements set by U.S. President George W. Bush will not be met because of the Democratic Congress and administration and that the bail will only be a downpayment on future loans that he believes would delay reform. He stresses that the burden of failed business models should not be passed on to taxpayers. He adds that the labor costs of GM and Chrysler are two-thirds higher than their competitors.

The author reflects the tax holiday model of U.S. Representative Louie Gohmert, which is designed to help the U.S. economy. He says that compared with the Nancy Pelosi-Barack Obama model, the plan of Gohmert will put the money back into the pockets of the American people, who will be given more control over the American economy. He adds that Gohmert plan is an economic growth plan that aims to get the country growing again and that this will produce more freedom, much less corruption and return the power and control back to the American worker.

The author reflects on the U.S. automotive industry during the 2008 economic slowdown. He cites that the U.S. Congress could again be making the same mistake they made in 1930 with the Bank of the United States, which ignited the start of the Great Depression. He says that a government managed Chapter 11 bankruptcy is the best course of action to take as it would allow them to make drastic cuts in average labor costs but the Congress does not seem to be in the mood to bail out another section of the economy.

The author proposes the creation of new labor contracts before the U.S. Democrats create any bailouts for the automobile industry. He blames the high health care and pension benefit demands of the United Auto Workers Union (UAW) for the huge labor costs of General Motors (GM) adding $1,600 to the price of each vehicle. He adds that Toyota is outselling U.S. automakers because it only pays workers $35 per hour. He agrees with James Sherk of Heritage Foundation that the problem of labor unions is competition and not corporate greed.

The author asserts that the integrity of the U.S. Senate is at stake as the left lets Senate Banking Chairman Chris Dodd author its financial bailout proposal. He comments on the $700 billion that Treasury Secretary Hank Paulson is requesting from Congress to restore liquidity in the financial markets. He notes that Dodd has taken more money from Fannie Mae and Freddie Mac than any other politician. Under the proposal, one fifth of all taxpayer profits from the sale of any assets bought by the Treasury will be directed into two trust funds.

The article focuses on a study from the Heritage Foundation on the apparent excess in tax funds given to the United Auto Workers (UAW) union amid the U.S. government bailout of the automobile industry. Findings show an excess of 26.5 billion dollars in which the union has recovered most of the money owed to its benefit funds. It presents a calculation of the added costs in the bailout. Treasury spokesman Matthew Anderson states that the bailout measures prevented the collapse of the industry.

The author comments on a bailout for automakers proposed by the administration of U.S. President Barack Obama. She warns about the impact of the proposed bailout on the industry. She assesses the reaction of labor unions on the bailout. In addition, the author criticizes the White House Auto Task Force for scheming with union leaders.

This section offers news briefs on the U.S. federal government and the European crisis as of November 21, 2011. Senator John Cornyn of Texas announced his willingness to support a tax increase in the deficit reduction plan of the Super Committee. Republicans have discovered that hindering the implementation of the ObamaCare program is difficult. Chinese Deputy Finance Minister Jin Liquin stressed that a bailout of Eurozone would not be seen by China as a profitable investment.

The article focuses on the differences between the Wall Street protesters and the Boston Tea-Partiers. Paul Revere's nighttime raid known as the Boston Tea Party was intended to protest exclusively the new British tea tax while the Wall Street protesters allegedly do not know what they want thereby, acting as a mob. In February 2009, CNBC's Rick Santelli called for a new modern Tea Party against the U.S. Obama administration's plan to bailout allegedly irresponsible mortgagers.

The article presents insights from U.S. businessman and politician Herman Cain on political and economic issues. Cain asserts that a businessman with an impressive record is better qualified for the office of the president than a career politician. He says that change in government can be effected by making congressional bills less than three pages and easy to understand. He cites his support for the Troubled Asset Relief Program and his opposition to the Chrysler and General Motors bailouts.

This section offers news briefs on the U.S. federal government as of May 2011. Some unions indicated that they will reduce their financial aid to Democrats at the House of Representatives after getting frustrated with their response to Republican-supported projects against Big Labor. Senator Jim Inhofe ordered Environmental Protection Agency administrator Lisa Jackson to explain the rise in the agency's unobligated balance. A resolution against International Monetary Fund/European Union (EU) bailouts was issued by Republican Cathy McMorris.

This section offers news briefs on U.S. politics as of May 2011. Senator Jim Inhofe has called on fellow Republicans to take on the issue of taxing the oil firms. House Republicans criticized Democrats who did not vote for a measure ending the moratorium on oil drilling in the Gulf of Mexico. A Rasmussen Poll found that 56 percent of U.S. voters believe the taxpayer bailouts of large firms in 2008 were bad for the U.S.

This section offers news briefs concerning politics in the U.S. House Speaker Nancy Pelosi has called for an investigation of legislators who opposed the proposed construction of an Islamic mosque in New York City. Washington publication "News Tribune" has reportedly stated that Senator Patty Murray's claim that 3,000 teacher jobs will be saved by a state Medicaid bailout is mathematically incorrect. Tax increases are expected if Congress allows the 2001 and 2003 tax cuts to expire.

The article discusses how U.S. President Barack Obama's bailout of the automobile industry forced car companies to eliminate jobs in an unjustified hasty manner citing a report by Inspector General Neil Barofsky on the incompetence, bureaucratic arrogance and Big Labor cronyism of the Obama administration as it forced Chrysler and General Motors to oversee mass closures of car dealerships in the U.S.

The article ponders on the participation of the administration of U.S. President Barack Obama in the international bailout of Greece. It points out that such move will compel other European countries with problems to seek the aid of the U.S. The public debt of Greece is attributed to excessive government spending and borrowing. According to the author, the consequences of the economic policy of Obama are demonstrated in Greece.

The article reports that U.S. Democrats are pursuing a financial reform bill to bail out Wall Street bankers. The bill includes a 50 billion U.S. dollar bailout fund which will be distributed to Wall Street bankers. Under the bill, the Federal Deposit Insurance Corp. (FDIC) can distribute the money without the need for the Congress to take any action.

The article reports on federal regulatory controls planned by the administration of U.S. President Barack Obama. According to the author, the legislation that the government aims to introduce attempts to cover the country's entire financial infrastructure with endless taxpayer bailouts as a main feature. It also mentions the fraud charges filed by the U.S. Securities and Exchange Commission against Goldman Sachs to exert more controls over the larger financial community.

The article examines the proposed public school bailout by Democrat Senator Tom Harkin amounting to 23 billion U.S. dollars for school year 2010. It mentions the plan of Harkin to pursue the proposal as an emergency spending measure which would make it immune from the pay-go rule. It also cites the report of the Department of Education entitled "The Condition of Education 2009" which revealed inflation-adjusted per-pupil costs in public elementary and secondary schools. The potential of school vouchers to solve the public school budget crisis is cited.

The article discusses how the Democrats are acting in light of the U.S. financial crisis. It cites that Democrats want to punish everyone including the innocent while the Republicans are reportedly protecting everyone including the guilty. According to the author, the Democrats do not prosecute Wall Street's biggest offenders because most of them are U.S. President Barack Obama's biggest campaign contributors. He calls for Republicans to determine who benefited from the bailout money.

The article presents an update on issues related to U.S. politics as of February 2010. The policies introduced by U.S. President Barack Obama at the State of the Union address in January 2010, is expected to have an impact on liberal candidates and causes. Treasury Secretary Tim Geithner noted that during the 183.5 billion U.S. dollar bailout, the companies and firms in which AIG owed money, were paid using taxpayer dollars. Obama also announced a spending freeze for a limited number of government programs.

The author expresses her views on the plan of U.S. President Barack Obama to hold Wall Street accountable for its bad financial decisions. She recalls several moves done by Democrats in insulating financial grants from the consequences of own high-risk bets of financial institutions. She comments on the efforts of the administration of former U.S. president Bill Clinton to rescue improvident Wall Street bankers from Mexico. She believes that most Wall Street bankers expect that their Democratic friends would bail them out.

The author deals with the implications of the decision by U.S. President Barack Obama to take a vacation with his family in Martha's Vineyard amid the problems being faced by the country. He states that the Congress approved bailouts for states, housing and highway projects. He suggests that the decision by Obama to rent the vineyard for 50,000 dollars a week does not resemble fiscal responsibility. He commends Representative Patrick McHenry for criticizing the health care reform initiative of the president.

The author expresses opposition to bailouts of U.S. Barack Obama which he believes will destroy capitalism and expand the government. He says that the Highway Trust Fund introduced at the Congress after the 787 billion dollar-stimulus package became a law is another deficit spending of the government. He adds that the Troubled Assets Relief Program (TARP) is a threat to commercialism. He notes that Obama failed to fulfill his promise of reviewing the effectiveness of the stimulus amid concerns that it was incorrect.

The article focuses on the implications for the Voting Rights Act (VRA) of the decision of the U.S. Supreme Court in the case Northwest Austin Municipal Utility District v. Holder. At issue is the legality of the use of a bailout provision by the utility district that would exclude it from coverage under Section 5 of the VRA. The Court ruled that the limited interpretation of political subdivisions entitled to seek bailout by the Department of Justice was wrong.

The author claims that the bankruptcy of General Motors (GM) and Chrysler is a payback to the United Auto Workers (UAW). In 2008, the U.S. Democratic Party candidates, including President Barack Obama, are said to receive $4,161,567 from the labor union. He suggests that the creditors of Chrysler were forced by the Treasury Department to give the 55% ownership of the firm to UAW. He also claims that the taxpayers money is used by the government to bail out GM and Chrysler.

This section offers news briefs on the U.S. federal government as of June 2009. According to a Rasmussen Poll, about 21% of voters have expressed support to a bailout of General Motors (GM) while 67% of them object to such move. President Barack Obama has appointed Representative John McHugh as Army secretary after selecting Republican Governor Jon Huntsman Jr. as ambassador to Beijing, China. Republican Governor Tim Pawlenty of Minnesota has decided not to run for a third term next year.

The article covers various issues in the U.S. as of May 18, 2009. President Barack Obama and leaders of the health care industry promised to reduce the annual increase in costs of medical care over the next ten years. A $100 billion funding request for the International Monetary Fund (IMF) was sent to the Congress by the president. The administration is preparing a plan to modify compensation practices across the financial services industry.

The author denounces the way the administration of U.S. President Barack Obama spends public money in 2009. He infers that the administration does not report government cash and credit and its spending has already totaled $4.33 trillion. He states that the approval of the Troubled Assets Relief Program (TARP) will make the taxpayer the insurer of $350 billion in bailout monies. He notes that American Recovery and Reinvestment Act will seriously affect taxpayers.

The article reflects on the announcement by U.S. President Barack Obama in 2009 about his vision for the future of General Motors (GM) and Chrysler. The author argues that the problem with bailouts is that it allows the federal government to feel entitled to impose the business plan of rescued companies. He also criticizes the American Clean Energy and Security Act of 2009 drafted by Democratic Representatives Henry Waxman of California and Ed Markey of Massachusetts.

The author stresses the unconstitutionality of the automobile industry bailout and restructuring program and the lack of legal authority of U.S. presidents to bail out automobile manufacturers. He calls the intrusion of the administration of former President George W. Bush and current President Barack Obama as an illegal use of the Troubled Asset Relief Program (TARP). The provisions of TARP are explained. He points out the belief of several analysts that the plan of Bush to use TARP for the bailout would be illegal.

The author focuses on the meltdown of California Democratic Representative Maxine Waters. She recalls that Waters harangued big banking executives about their business practice and management of federal bailout money during a House hearing in February 2009. In the author's opinion, Waters is campaigning against crony pseudo-capitalism yet stands as one of its most hypocritical beneficiaries. She mentions that "The Wall Street Journal" reported that Waters had a stake in the minority bank OneUnited.

The article covers various issues in the U.S. as of March 2009. Several senators, including Republican Jeff Sessions of Alabama, stressed the need to end the bailouts of the securities industry, American International Group (AIG) and the automobile industry. Congress is being requested to provide details of President Barack Obama's budget using an outline and placeholders. Republican Senator Jim Bunning of Kentucky was commended for saving the Armed Pilots Program from possible elimination or downsizing by the government.

The author cites certain events which show that while the U.S. economy has indications of recovery, huge risks are still looming and any recovery may be in spite of the government's actions, not because of it. He notes the recovery of the bank-to-bank lending rate called LIBOR. He asserts that government spending, particularly the stimulus plan and the proposed $3.6 trillion budget, has raised China's anxiety. He contends that the right thing to do is to follow what the money is being used for.

The author focuses on the bailout of the automobile industry in the U.S. In the author's opinion, the bailout of the automobile manufacturers is an investment in failure. He notes that the government decided not to provide pension or health benefits for the International Union, United Automobile, Aerospace & Agricultural Implement Workers of America (UWA), which stands as the real beneficiary of the bailout. He compares Ron Bloom, senior adviser for the task force appointed to handle the issue, as a drunk managing a distillery.

The author reflects on the approach proposed by U.S. Treasury Secretary Tim Geithner to solve the financial crisis. He cites the failure of Geithner to say how he would bring the full force of the government to bear to strengthen the financial system. He claims that the approach of Geithner is based on the assumption that doing something quickly is more important than doing it right. He also notes that the plan of Geithner promises to spend up to another $2 trillion in the financial market rescue.

This section offers news briefs on the U.S. government as of February 2009. According to critics, President Barack Obama answered only 13 questions during his first televised news conference. The web site GOP.gov was opened by the House Republican Conference after criticism that the party lags behind Obama and the Democrats in terms of technology and communications. Representative Todd Tiahrt introduced a resolution stating that Congress should stop passing massive government bailouts.

The article reports that school districts in the U.S. are looking for taxpayer bailouts with aggregate costs, as state and local government budget problems in the country get worse. The problem is nationwide, but is especially severe in states such as California, where K-12 public school teachers are covered under "exclusive" union representation deals forcing union members and nonmembers alike to accept a union as their monopoly bargaining agent in matters concerning their pay, benefits and working conditions.