The GOP’s Campaign Finance “Sneak Attack”
Originally published at MotherJones.com On Wednesday, House Republicans plan to rush to the floor a bill that would eliminate the federal government’s presidential financing system—in the process, violating recent pledges by the GOP’s leadership of increased transparency and debate in Congress. Not one hearing has been held on the legislation, nor has a single commitee debated its merits. If it passes, it will roll back more than 30 years of law born out of the Watergate... Read More
Auto Bailouts: A Success Story?
Flickr/illuminea (Creative Commons) What began as the ugliest of government bailouts—the rescue of General Motors, Chrysler, and the financing company GMAC/Ally—is now shaping up to be one of the success stories of financial crisis. In its latest report, released on Thursday, the bipartisan Congressional Oversight Panel (COP) revisits the $60-billion dollar bailout of two of the US’ “Big Three” auto companies, and its findings, in many ways, cast the GM... Read More
