State and Local Governments Need Some Tough Love From Uncle Sam
No more bailouts.
Bailouts
The COVID-19 Pandemic Is Crushing State Budgets. A Federal Bailout Is Still a Bad Idea.
There is no state that will weather the COVID-19 pandemic without making difficult decisions. But the revenue hit will be less severe in places that were being thrifty and vigilant.
Don't Bail Out Bars, Let Them Reopen
So long as governments view lockdowns as their primary tool for combating COVID-19, they are in effect sentencing bars and other shuttered businesses to a likely death.
The Paycheck Protection Program Is a Mess. Here's Who Is Benefitting From the Dysfunction.
A program designed to keep workers on payrolls showered benefits on lobbyists, advocacy groups, and even members of Congress.
The U.S. Postal Service 'Unsustainable,' Says GAO. And That Was Before COVID-19 Hit.
The USPS has lost $78 billion since 2007, but could lose as much as $13 billion this year as the pandemic has crushed mail volume.
United Airlines Received $5 Billion From Taxpayers to Protect Employees' Paychecks. Now It's Cutting Hours for 15,000 Workers.
Lawmakers who voted for the $50 billion bailout of the airline industry are just shocked at these companies' behavior.
Did the $50 Billion Coronavirus Bailouts Effectively Nationalize America's Commercial Airlines?
The CARES Act gives the federal government the power to take large ownership stakes in the airlines and dictate much of their operations.
Remy: Savage (Megan Thee Stallion Coronavirus Bailout Parody)
The last time we sent this much money to the Kennedy Center, it was for a pair of Hamilton tickets.
The Federal Government Is Spending $60 Billion To Keep Mostly Empty Commercial Planes Flying Over the U.S.
Pending minimum service rules would require airlines to keep operating a certain number of flights, regardless of how little demand there is for air travel.
How Much Is $2.3 Trillion? More Than Even Obama Could Imagine
The CARES Act plunges the nation into a crash course on experimental economics.—and we're the lab rats.
Most Politicians Are Disingenuous Opportunists. The Coronavirus Outbreak Only Makes That More Obvious.
Politicians are merely using COVID-19 to push for policies they already wanted.
Last Week, the Public Transit Industry Asked for $12.8 Billion in Emergency Funding. The Senate GOP Relief Bill Gives Transit $20 Billion. House Dems Want $25 Billion.
The public transit bailout is spiraling out of control.
Republicans' New $1 Trillion Stimulus: Keep the Corporate Bailouts, Limit Checks for All
The new plan seeks to help an economy decimated by the coronavirus.
Public Transit Advocates Ask for $12.8 Billion Bailout To Cope With 75 Percent Revenue Drop Related to Coronavirus
Public transit was already in decline before the COVID-19 outbreak. Now transit agencies are teetering on the brink of collapse.
$1 Trillion Coronavirus Stimulus Unveiled: Corporate Bailouts and Loans, Checks for All
The package seeks to curb the economic chaos caused by COVID-19.
Biden Promises 'Major, Major, Major Bailouts' in Response to Coronavirus
Not to be outdone, Bernie Sanders promises that every single American will "be made whole" despite economic losses due to the outbreak. That's totally impossible.
Trump Administration Swears Proposed Hotel, Airline, Cruise Bailout Is Totally Not a Bailout
Actually, it's a bailout.
St. Louis Thought Hiring a Comedian Would Boost Trolley Ridership?!
It didn't, and now the Loop Trolley needs a $700,000 bailout to stay afloat.
The Trade War Is Going So Well That Trump Might Bail Out Apple
"If I didn't help them, they would have a big problem," says Trump. But maybe he's already "helped" enough.
Trump Says China Is Paying for His $16 Billion Tariff Bailout to Farmers. That's Simply Not True.
This might seem like nothing more than a snooze-worthy debate over semantics or economic theory or government P.R. strategies. But it matters a lot.
Darts and Laurels for the Late George H.W. Bush: Podcast
Also: How much should we care that Trump & co. lied in 2016 about a Putin-proximate real estate deal in Russia?
When Trump (or Obama) Threatens CEOs, It's the Little Guy Who Loses
Political finger-wags at the boardroom is a good sign that the lowly taxpayer is about to take it in the shorts.
Trump's Trade War Bailout Program Is a Predictable Mess
More than 1,100 people living in America's 50 largest cities have received bailout funds intended for farmers harmed by Trump's trade war.
Andrew Cuomo Wants the State to Save a Failing Newspaper
After the struggling New York Daily News laid off about half of its staff yesterday, Gov. Cuomo offered to help.
Vice President-Elect Mike Pence on the Carrier Deal: 'The Free Market Has Been Sorting It Out and America's Been Losing.'
The GOP drops the pretense of being a free-market party.
The Feds Take General Motors on a Rough Ride Over SwitchGate
DOJ will pocket the massive criminal penalties it's about to impose
The DOJ is About to Take General Motors on a Rough Ride
The criminal penalties that GM faces for the Cobalt debacle could be massive and deleterious to the driving public
Court Lets Government Motors Keep its Liability Shield and Screw Over Crash Victims
The GM bailout is a gift that keeps on giving to the company.
Obama Ally Wages Class Warfare, Says Bailout Victims Are Too Rich to Sue the Government
The outcome of a legal dispute should depend on the substance of the law and the facts rather than whether one of the parties is "megarich."
Poll: Americans Want Congress to Vote on Military Force Before Midterms, Say an Ebola Outbreak Is Likely and Kids Should Be Required to Get Vaccinations
Reason-Rupe finds the public wants Congress to return to DC to vote on ISIS now and is split between raising taxes and cutting spending to pay for the latest war
Detroit Retirees Get a Bailout; Detroit Residents the Shaft
Last week's bankruptcy deal was a missed opportunity to restructure the city's insane pension system
Auto-Safety Bureaucrats Want To Enrich Themselves Over the GM Recall Tragedy
Lawmakers are falling for NHTSA's line that it is too poor to keep drivers safe
GM Bailout Claims the Legal Rights of Americans
Cobalt victims might not win compensation because of a liability shield
Rick Snyder's Artless Bailout Plan For Detroit
It'll set a bad precedent while preventing a deep restructuring
