Best post I've read today

Jeff Perren on the morality of Progressive thought:

Selling your power for a buck (or more power) is immoral, to be sure. Enslaving 95% of the country in perpetuity while pretending it's for the benefit of the other 5% is far worse. But corrupting your soul and demanding that others corrupt theirs - and calling it the height of virtue - is pure evil.

GMAC will get more tax dollars

Congratulations, dear sucker...er, citizen. Can you hear the toilet flushing? According to the political elites that have decided to "save" society for us, returning GMAC back to profitability using tax funds is the right thing to do to avert disaster. But, isn't the red alert over already? Corporatism remains as strong as ever in Washington.

More public funds for Bank of America

Bank of America has received another $20 billion from taxpayers to shore up their acquisition of Merrill Lynch. This should be an outrage to the average American taxpayer but since the country in under the swoon of the mantra that government must "do something" to get out of the economic doldrums, such massive transfers of taxpayer funds go with nary a protest. Didn't BOA vet the acquisition of Merrill Lynch properly?Or was it that the government implicit guarantee of billions of dollars made them drag their feet when it came to doing their due diligence? When government meddles, unintended consequences are always not far behind.

The 2012 Pelosi GTxi SS/RT Sport Edition

Yes, siree! Here it is! The car we have been waiting for all these years. Let us praise the noble minds of hack politicians everywhere. You see, if you create the "right" incentives and pump gobs of tax dollars into the a failing industry that employs union workers you will reap great rewards. Hold on tight fellow taxpayers! We are in for a ride! Whoopee!

HT: Carpe Diem

And the rumba line just gets a little longer

Now commercial real estate developers are asking the government for financial assistance. The line for a taxpayer handout just keeps getting longer, folks. As predicted, a bad precedent was set when the Feds decided to bailout Wall Street.

Thanks for nothing , Mr. President

Bush approves $17.4 billion in aid to automakers.

Best posts I've read today

This Bobo Files post neatly sums up my rancor on the rampant big government corporatism that has become the lever of choice for the political elite in Washington.

Shaving Leviathan sums up the craziness at the Federal Reserve.