Bank bailouts: Necessary? Effective?

Fox News

04/14/09

Call it bailout remorse. With economic signs beginning to point upward and banks returning federal rescue funds, analysts are now debating whether the government’s $700 billion bailout program, known as the troubled assets relief program, or TARP, was ever necessary. Some say a normal business cycle and Federal Reserve policy, not TARP, accounts for the strong profit forecast from Wells Fargo and Goldman Sachs, a drop in unemployment benefit filings and several retailers predicting solid April sales. ‘I think there’s little evidence that the TARP money that has been disbursed so far has had any measurable effect on the economy, especially when you talk about what the Fed has been doing,’ said Josh Bivens, an economist with the Economic Policy Institute...

//tinyurl.com/czxjco



TARP the life insurers? This is nuts

TCS Daily
by Larry Kudlow

04/13/09

Is bailout nation about to strike again? Sure looks like it. According to a bunch of front-page news stories, life-insurance companies are about to get TARPed. This is nuts. The public is clamoring for an end to TARP and bailout nation. That’s a key message coming from the heartland tea parties that are cropping up spontaneously around the country. This is turning into a real populist uprising against rising taxes (especially state, local, and property taxes), TARP, and all the federal bailouts — and the trillions of dollars of deficits and debt being used for financing. If Team Obama ignores this uprising, it has a political tin ear...

//www.tcsdaily.com/article.aspx?id=041309B


Informant: Thomas L. Knapp

--------

Ron Paul: Reckless Spending And Taxation Prolonged Great Depression

Congressman takes on Obama's claim that only solution to economic crisis is more government spending

Paul Joseph Watson

Prison Planet.com
Wednesday, April 15, 2009

Ron Paul has slammed Barack Obama’s claim that reckless government spending and taxation is the only way to alleviate the economic crisis by pointing out that the end of the great depression only came after taxes and spending were drastically cut.

//www.prisonplanet.com/ron-paul-reckless-spending-and-taxation-prolonged-great-depression.html



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