New at Reason: Jacob Sullum on TARP, the GMAC Bailout, and the Lawlessness of the Bush Administration

The GMAC bailout, writes Jacob Sullum, highlights the lawlessness of the Bush administration, which has ignored statutory restrictions on the Troubled Asset Relief Program (TARP) and treated it as a slush fund for politically favored supplicants. Although he has strongly criticized President Bush for flouting the law, President-elect Obama has applauded the latest manifestation of that tendency. Evidently Obama opposes only the "unnecessary" abuse of executive power.

Read all about it here. 

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

GET REASON MAGAZINE

Get Reason's print or digital edition before it’s posted online

  • Progressive Puritans: From e-cigs to sex classifieds, the once transgressive left wants to criminalize fun.
  • Port Authoritarians: Chris Christie’s Bridgegate scandal
  • The Menace of Secret Government: Obama’s proposed intelligence reforms don’t safeguard civil liberties

SUBSCRIBE

advertisement