bailout

Sanctioning Government Plunder and Big Money in Politics

by Steve MacDonald July 11, 2018

You probably didn’t know this but in an offline thread Skip and Jim Rubens traded debate ‘punches’ on Mr. Sununu’s veto of Biomass subsidies. We have opposed the plunder. Mr. Rubens considered the Biomass bailout to be worthwhile. In an email, via Jim Rubens.com, Jim gives a nod to that debate and perhaps others and then defends his […]

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Balsams Sits Idle While Otten Fishes for More Investors

by Steve MacDonald May 8, 2017

Remember the fight to block taxpayer-backed loans for Les Otten’s Balsams Boondoggle? The legislature and then Democrat Governor Maggie Hassan gave it their thumbs-up*. Well, it’s still sitting idle while Les hunts for more private investors. That’s not a good sign. But this is. As for my asterisk, the $28 Million is in the hands of […]

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Is ‘Free Solar’ A Trap?

by Steve MacDonald August 24, 2015

Every week there is another offer in the mailbox for a free solar installation. Power your home. Pay zero to the power companies. Sell power back. It’s a Win-win-win (win-win…win). Or is it? Columnist Sam Asano, writing in the Manchester Union Leader, pointed his flashlight at the offers and discovered something nasty. The first and the largest […]

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GrokTALK! – Balsams And Bailouts And Boondoggles, Oh My!

by Steve MacDonald April 29, 2015

Senate Bill 30 makes changes to state law that could allow a never ending series of taxpayer backed bailouts of private ventures.  The first of these, which is what motivated the legislation, is the Balsams Bailout- a time-share resort / Money pit.  Kimberly Morin sat through the hearing for the bill and gives us an […]

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GrokTALK! – Balsams And Bailouts And Boondoggles, Oh My!

by Steve MacDonald April 29, 2015
Thumbnail image for GrokTALK!  – Balsams And Bailouts And Boondoggles, Oh My!

Senate Bill 30 makes changes to state law that could allow a never ending series of taxpayer backed bailouts of private ventures.  The first of these, which is what motivated the legislation, is the Balsams Bailout- a time-share resort / Money pit.  Kimberly Morin sat through the hearing for the bill and gives us an […]

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Obama can’t even tell the truth on his Government Motors bailout?

by Skip December 9, 2013

Once again, we see that Obama just makes stuff up – and says what is necessary to fit the political occasion of the moment: “When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse,” said Obama. “As president, I refused to let that happen. […]

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Stock Market Booming… But US Treasury Still Loses $10 Billion On Sales of GM Stock

by Steve MacDonald October 30, 2013
Thumbnail image for Stock Market Booming…  But US Treasury Still Loses $10 Billion On Sales of GM Stock

How many reports have you seen about how well the stock market is doing?  Seeing as it has been propped up by the Feds for several years why wouldn’t it be doing great, and it is.  And yes, that bubble too must burst, with little effect on the Governing class and a whole lot of […]

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Three Million Dollar Taxpayer Funded FRM Bailout?

by Steve MacDonald May 1, 2013

Today there will be a House Committee vote on SB180, a bill establishing a taxpayer funded bailout fund for investors who got swindled by the FRM Mortgage ponzi scheme. I’ll be honest.  I’m not interested in any particulars on this.  The amended cost for the legislation is $3,000,000.00 dollars (initially) to pay off investors who read some paperwork  […]

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Taxpayers Now Out 25 Billion

by Steve MacDonald August 15, 2012

The Government Buy-up and Bail-out of General Motors saved union jobs while arbitrarily eliminating  tens of thousands of non-union jobs at dealerships, put taxpayers on the hook, and at present will cost us at least 25 Billion in losses as the value of the automaker “we own” a part of continues to decline. Had they […]

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Mysterious Folder Conundrum

by Tom August 13, 2012

Suppose you fall in love with someone who is good looking, well groomed, and has lots of potential.  Let’s say you two lovebirds decide to get married.  Giddiness and joy all around…congratulations. One day, you are at the supermarket, casually buying grapes (so you can feed them to your love, like they do in the […]

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