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Keyword: bailouts

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  • (Florida Rep:) Francis Rooney: No Federal Bailouts of State and Local Governments

    10/02/2019 11:31:06 AM PDT · by Jacquerie · 33 replies
    Sunshine State News ^ | October 2nd 2019 | KEVIN DERBY
    A Southwest Florida congressman is behind a proposal to ensure federal dollars won’t be used to bailout insolvent states, territories and local governments. At the end of last week, U.S. Rep. Francis Rooney, R-Fla, introduced the “Government Bailout Prevention Act” which he showcased on Tuesday. “American taxpayers do not like when their money is used to bail out failing corporations or businesses and this dislike extends to state and local governments who are fiscally irresponsible,” Rooney said. According to Rooney’s office, the proposal “prevents the federal government, including the Federal Reserve and U.S. Treasury, from paying or guaranteeing state and...
  • Menendez, Clinton State Dept. Helped Secure Visa for Fugitive Banker's Daughter

    12/16/2014 7:27:16 PM PST · by kristinn · 16 replies
    NBC New York ^ | Tuesday, December 16, 2014 | Jonathan Dienst, Kevin Nious and Joe Valiquette
    New Jersey Sen. Robert Menendez interceded on behalf of an Ecuadorian woman who was banned from traveling to the U.S. because of allegations she had engaged in visa fraud. The woman, Estafania Isaias, is the daughter of a fugitive from Ecuador convicted in absentia for bank fraud and whose relatives in Florida made significant campaign donations to the New Jersey Democrat's 2012 campaign and the Democratic Party. Current and former U.S. government officials tell NBC 4 New York that Estefania Isaias was barred from traveling to the U.S. in 2007 because she allegedly lied on visa applications to bring immigrant...
  • ICE Busts Millionaire Obama Donors

    02/18/2019 8:04:08 AM PST · by Cheerio · 16 replies
    Freedom Outpost ^ | February 18, 2019 | Daniel Greenfield
    Another scandal for the "scandal-free" Obama administration. Not all ICE targets work construction or smuggle drugs. Some are key figures in the Dem machine. But the era of Obama corruption is over. There's a new sheriff in town. U.S. Immigration and Customs Enforcement (ICE) this week arrested two millionaire fugitives from Ecuador whose family donated heavily to American political campaigns. Roberto and William Isaías, 74 and 75, were detained Wednesday in Miami and taken to a detention facility for undocumented immigrants awaiting deportation, The New York Times reported Friday. ICE told the Times that the brothers were “unlawfully present” in...
  • A costly way to address the pension crisis: Why federal bailouts are a bad idea

    01/24/2019 9:29:21 AM PST · by SeekAndFind · 34 replies
    Washington Times ^ | 01/24/2019 | Joshua Rauh
    When both Democratic and Republican lawmakers recently joined together to support a taxpayer-funded, multibillion-dollar bailout of big union pension funds, you didn’t need to be a “swamp” creature to know something has gone terribly wrong in Washington, D.C. But that is exactly what happened when U.S. Rep. Richard Neal, Massachusetts Democrat, chairman of the Ways & Means Committee, offered a so-called bipartisan plan to address the pension crisis. However, this proposed bailout of organized labor’s retirement plans would cost federal taxpayers billions — while setting a dangerous precedent that would expose taxpayers and laborers to more financial mischief. The expectation...
  • 3 Key Questions About The Obamacare ‘Stability’ Bailout

    12/22/2017 2:49:51 PM PST · by Kaslin · 5 replies
    The Federalist ^ | December 22, 2017 | Christopher Jacobs
    With White House officials promising to work to bail out Obamacare, how can tax reform have ‘essentially repealed’ the behemoth law? On Wednesday afternoon, Sens. Susan Collins (R-ME) and Lamar Alexander (R-TN) announced they would postpone until the New Year their request for considering an Obamacare “stability” bill. Their statement capped a sequence of developments that raised almost as many questions as it answered—about the “stability” bill, the process used to consider it, and Obamacare itself.1. If Congress Just ‘Essentially’ Repealed Obamacare, Why Pass a Bill to Prop It Up? Ahead of final passage of the tax bill on Wednesday,...
  • Congress Poised to Bailout Insurers, Fleece Taxpayers

    10/25/2017 9:56:57 AM PDT · by Kaslin · 34 replies
    Townhall.com ^ | October 25, 2017 | Betsy McCaughey
    Democrats and some Republicans in Congress are pushing for a $10 billion a year payout to insurance companies that sell Obamacare plans. President Trump calls it "bailing out" the insurance industry. Truer words were never spoken. The politicians backing this sweetheart deal claim it will protect consumers. Don't fall for it. The money will go straight to the bottom lines of insurers -- who enjoy tremendous clout in Washington, D.C., thanks to over $85 million in campaign contributions and over $150 million spent on lobbying every year. The deal's authors, Sen. Lamar Alexander, R. Tenn., and Sen. Patty Murray, D....
  • Beware the Obamacare-Industrial Complex

    08/15/2017 4:29:52 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | August 15, 2017 | Stephen Moore
    The danger of a Republican bailout of Obamacare is mounting with every passing day. Moderate Republicans calling themselves the Problem Solvers Caucus are quietly negotiating with Democratic leaders Nancy Pelosi and Chuck Schumer to throw a multibillion-dollar lifeline to the Obamacare insurance exchanges. This bailout, of course, would be an epic betrayal by the Republican Party, which has promised to repeal and replace the financially crumbling health law. Obamacare's apologists object to the term "bailout" for this rescue package. The left prefers the euphemism "stabilizing the insurance market." They claim this is merely a payment to low-income families to help...
  • Trump Asks Why Congress, Insurance Companies Are Exempt from Obamacare Failings

    07/31/2017 10:33:04 AM PDT · by Rockitz · 32 replies
    Breitbart.com ^ | 31 Jul 2017 | Adam Shaw
    President Trump took to Twitter Monday to ask why insurance companies and Congress are not being hurt by the failings of Obamacare just as the American people are being hit. Trump started the day by noting that the unpopular healthcare law is “hurting people” and asked why it isn’t also hurting insurance companies, and also why Congress is exempt. Trump had previously threatened to end what he called “bailouts” for insurance companies and Congress after the failing of the GOP-led Senate to pass either a healthcare reform bill, a flat-out Obamacare repeal, or a so-called “skinny repeal” of Obamacare. The...
  • Ron Desantis: Congress Will Kill Obamacare If Trump Kills Lawmakers' Subsidies

    07/31/2017 7:27:34 AM PDT · by Helicondelta · 29 replies
    Rep. Ron DeSantis, R-Fla., argued Monday that President Trump should follow through on his weekend threat and cancel all subsidies that federal lawmakers get to buy insurance under Obamacare. He also said killing lawmakers' subsidies might be the best way to kill Obamacare. "I think if he moves swiftly on it, I think you'd see a lot of these members and senators, they would want to work to repeal Obamacare very quickly," DeSantis said on Fox News. Trump tweeted Saturday that if Congress can't pass a healthcare bill, "bailouts for members of Congress will end very soon!" Trump reiterated the...
  • Trump threatens to end health care 'bailouts' for insurers, lawmakers

    07/29/2017 1:39:00 PM PDT · by ColdOne · 41 replies
    foxnews.com ^ | 7/29/17 | Alex Pappas
    President Trump on Saturday threatened to end health care “bailouts” for insurers and lawmakers in Washington as he continues to push Congress to pass legislation repealing ObamaCare. “If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!” Trump tweeted Saturday afternoon.
  • Those Damn Millennials

    05/12/2017 5:14:22 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | May 12, 2017 | Bill Tatro
    Pension plans continue to blame poor market performance for their continuing dire straits of massive underfunding. Irrespective of all time market highs, their actuarial assumption of 8% has been impossible to achieve and continues to be way out of reach. Municipalities around the country are entering the summer season with expectations of violence not seen in several decades. Yet many are cutting back on police and fireman, for lack of money, just at the moment they seem to need them the most. Finally, the repairing of roads and bridges, popularly known as infrastructure, continues to be postponed by the “City...
  • Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers

    03/18/2017 9:49:38 PM PDT · by Lorianne · 5 replies
    Wolf Street ^ | 17 March 2017 | Don Quijones
    Events are moving so fast in Europe these days, it’s almost impossible to keep up. While much of the attention is being hogged by political developments, including the election in the Netherlands, Reuters published a report warning that the European banking sector may face even higher bad loan risks if the ECB begins to scale back its monetary stimulus programs, something it has already begun, albeit extremely tentatively. The total stock of non-performing loans (NPL) in the EU is estimated at over €1 trillion, or 5.4% of total loans, a ratio three times higher than in other major regions of...
  • Chicago Is Pushing For A Massive Bailout Of Its Public School System

    06/27/2016 1:35:32 PM PDT · by Zakeet · 29 replies
    ZeroHedge ^ | June 27, 2016
    It is well known that Chicago's pension liabilities have completely decimated the city's finances and currently stand at close to $20 billion. Faced with a significant challenge of meeting funding obligations as a result of a 2010 state law, Mayor Rahm Emanuel recently won a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, as recently Illinois lawmakers overrode Governor Bruce Rauner's veto and will now change the legislation in order to allow the city to defer payments to fund pensions. Under the prior legislation, Chicago was...
  • German court rules in favor of ECB crisis-fighting tool [European Central Bank bond-buying]

    06/21/2016 3:25:01 PM PDT · by Olog-hai · 1 replies
    TheLocal.de ^ | 21 Jun 2016 10:19 GMT+02:00 | (AFP)
    Germany’s top court ruled on Tuesday that a key crisis-fighting tool of the European Central Bank complies with German national law. The constitutional court ruled that the ECB’s 2012 bond-buying plan called Outright Monetary Transactions (OMT) complies with German law. OMT — though never actually used — was part of ECB’s President Mario Draghi’s landmark promise to do “whatever it takes” to save the battered euro at the height of the crisis in 2012. […] The promise of OMT was that the ECB could, if necessary, buy up unlimited amounts of government bonds from debt-stricken countries that had pledged reforms...
  • Brexit Chaos to Serve as Cover for ECB Bank Bailouts

    06/17/2016 10:04:01 AM PDT · by Lorianne · 4 replies
    Wolf Street ^ | 14 June 2016 | Don Quijones
    Over the course of the last few months, Brexit has become one of the biggest catch-all preemptive scapegoats of recorded human history. Even far beyond the old continent’s porous borders, politicians, central bankers, and economists are warning their respective populations to brace for a serious aftershock if the people of Britain vote to leave the EU. This is is a remarkable feat given that the UK has its own perfectly functioning currency, and as such decoupling from the EU, while bumpy, should not pose an immediate financial threat either to the UK or the EU, let alone the world at...
  • Bernie's Bull: Socialism is the antonym of honesty

    04/17/2016 6:19:49 PM PDT · by Daniel Clark · 9 replies
    The Shinbone: The Frontier of the Free Press ^ | April 17, 2016 | Daniel Clark
    Bernie's Bull: Socialism is the antonym of honesty by Daniel Clark Seldom are presidential polling results as consistent over time and among different polling organizations as they are in concluding that the American people think Bernie Sanders is honest. That's the general perception of the Vermont senator, even among Republicans, but why? Is it just because people don't see some unhinged, frothing blowhard hollering "Lyin’ Bernie" every five minutes on TV? Many conservatives have made the mistake of crediting Sanders with being honest about his socialist ideology, as opposed to Hillary Clinton and the rest of their party, who have...
  • NAFTA May Have Saved Many Autoworkers’ Jobs

    03/29/2016 4:16:27 PM PDT · by Olog-hai · 83 replies
    New York Times ^ | March 29, 2016 | Eduardo Porter
    When Donald Trump threatened to “break” the North American Free Trade Agreement, auto industry workers offered up some of the loudest cheers. Mr. Trump easily won the Republican primary in Michigan this month. The state, home base for the American auto industry, also delivered an upset victory to Bernie Sanders, the Democratic anti-NAFTA standard-bearer. But the autoworkers’ animosity is aiming at the wrong target. There are still more than 800,000 jobs in the American auto sector. And there is a good case to be made that without NAFTA, there might not be much left of Detroit at all. “Without the...
  • Fannie Mae at risk of needing a bailout

    02/20/2016 9:14:46 AM PST · by Lorianne · 17 replies
    CNBC ^ | 20 February 2016 | Barney Jopson
    Fannie Mae, the state-sponsored U.S. mortgage backer, is at risk of needing a government bailout that could shake confidence in the housing finance market, senior officials have warned. Fannie Mae's chief executive and its regulator are sounding the alarm on a decline in the institution's capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds. Their warnings highlight Washington's inaction on housing policy and its failure to reform the institution, which guarantees nearly $3 trillion of securities and enables 30-year fixed rate loans, following the last financial crisis....
  • The Party Is Over In Puerto Rico

    01/15/2016 9:05:20 AM PST · by Kaslin · 47 replies
    Townhall.com ^ | January 15, 2016 | Steve Sherman
    Puerto Rico is stunningly beautiful. It's a virtual paradise...Caribbean white sand beaches, a close proximity to the U.S., they speak both English and Spanish, if you're an American citizen you don't need for a passport as Puerto Rico is a US Commonwealth. They've got snorkeling, great food, a rainforest, and a stunning historical fort from the imperial days sitting atop a bluff overlooking the sea. With all that natural attraction you'd think Puerto Rico would be knocking it out of the park economically. Tourism alone should be the driving force to keep the economy rocking. Every American should want to...
  • The Biggest Threat To Obamacare Is Already Written Into Law: No Insurance Industry Bailouts

    12/12/2015 5:56:34 AM PST · by Zakeet · 14 replies
    Forbes ^ | December 10, 2015 | John C. Goodman
    When Barack Obama was campaigning for the presidency in 2008 and when he was selling Obamacare to the public in 2010, he made insurance companies the villains. In fact, on the eve of the passage of the Affordable Care Act, every Democratic spokesperson who appeared on TV to support the health reform legislation had one and only one argument to make: We needed Obamacare to protect ordinary people from ruthless, profit mongering insurance companies. They said almost nothing about insuring the uninsured or controlling costs or making health care delivery more efficient. Instead, every advocate produced at least one example...