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Kudlow's Money Politics
Kudlow's Money Politics (kudlow.nationalreview.com) has great US Economic Bailout of 2008 news, photos, videos and more
Thursday, Feb 19
An Interview with Sen. Bob Corker on Auto Bailout Nation
Sen. Bob Corker told me on The Kudlow Report earlier this week that Team Obama needs to draw a line in the sand and finish negotiations with GM and Chrysler. Here is the transcript of the interview, with Corker regarding key developments in the auto-bailout-nation saga. LARRY KUDLOW: Nobo...
Tuesday, Dec 23
We Need Rich People
Vice-President Elect Joe Biden had a strange press conference yesterday where he spoke about the Obama stimulus plan. Larry Summers also spoke. Nothing new was said, but it was all very gloom and doom on the economy. I don’t know what the purpose of it was. Maybe Team Obama is attempting to lowe...
Thursday, Dec 18
(Anti-) Mustard Seeds
I’m going to get to mustard seeds in a moment, but let me first address two anti-mustard seeds: “bailout nation” and a pump-priming Fed. Bailout nation remains an ongoing issue. It really goes to the issue of government planning, industrial policy, and Uncle Sam picking winners and losers....
Wednesday, Dec 3
An Alternative to Bailout Nation
At his news conference this morning, where he introduced New Mexico Gov. Bill Richardson as Commerce-secretary designate, President-elect Obama refused to play his hand on the Detroit/GM bailout story. That tells me he’s aware that the country is getting fed up with the thought of bailo...
Friday, Nov 21
Early Thoughts on Tim Geithner at Treasury
New York Fed president Tim Geithner has been chosen to lead Obama’s Treasury, according to news reports. The stock market cheered by rising 500 points on the announcement. Geithner is generally well regarded on Wall Street in his handling of the banking crisis. He’s been the point man for bo...
Wednesday, Nov 12
Paulson's Rescue-Plan Adjustments (Better than Obama's)
Remember that huge congressional swing-out two months ago over the Treasury’s request for $700 billion to purchase at auction a bunch of toxic assets that no one wanted to buy? And remember John McCain’s curious behavior, temporarily shutting down his campaign in order to fly to Washin...
Monday, Oct 27
Bailout Weary
Supply-side father Art Laffer penned a blockbuster in today’s WSJ entitled, “The Age of Prosperity Is Over.” (Art and Steve Moore have a new book out with the same title.) It compares the Bush administration and Congress with Herbert Hoover for all their bailout actions. The money sentence...
Thursday, Oct 2
A Great Opening for Sarah Palin
I sure hope Sarah Palin talks at some length about drilling in tonight’s debate with Sen. Joe Biden. Palin is an energy expert. And if she is unleashed she can score major points against her opponent, who has opposed every expansion of oil, gas, and nuclear down through the years. Does anybody d...
Thursday, Sep 25
Bailout-Deal Warning
If the bailout bill allows executive pay-caps and government ownership warrants for all buying or selling institutions, I must withdraw my support for the bill. There is no clear information yet on this crucial topic. CNBC is reporting that Sen. Chuck Schumer is telling people that pay-ca...
Monday, Sep 8
More Fan-Fred Questions than Answers
The talk of the town on Wall Street is the Treasury bailout of Fannie and Freddie. The most important development is that all the bonds are now totally covered by the U.S. government. So stocks soared this morning by over 300 points, though the gain is only 160 as of this writing. Basically, the fe...
Wednesday, Jul 23
Wall Street Likes the Bailout plus Drill, Drill, Drill
Can bad Washington policies sometimes work to the benefit of financial markets? In the short run the answer is certainly yes. Nothing illustrates this point better than the gigantic Fannie-Freddie housing bailout bill that will soon pass Congress and be signed into law by President Bus...
Thursday, Jul 17
Is Failure No Longer an Option?
Why does it seem to me that all Washington ever seems to talk about these days is bailouts? Bailout Freddie Mac. Bailout Fannie Mae. Bailout Wall Street. Bailout homeowners. Is it possible in America today that no one is allowed to fail? You know, Phil Gramm was right. We are a nation of whiners. No...
Wednesday, Jul 16
Bunning Squawks at Paulson and Bernanke … Good for Bunning
I see this morning that some of my CNBC colleagues are talking down to Jim Bunning, almost making fun of him as some sort of “odd duck,” because the Kentucky senator dared to squawk back at Henry Paulson (and for that matter Ben Bernanke) during yesterday’s Senate hearings on Fannie Mae and...
Monday, Jul 14
Cleaning Up Fannie and Freddie
I noticed that gold went up $10 this morning to around $970 on the news that Uncle Sam will backstop mortgage lenders Fannie and Freddie. Gold, of course, is still a key barometer of dollar value and future inflation, while it may be a sidebar to the bigger story of saving Fannie and Freddie. In...
