Taxpayers Between “Like a Rock” and a Hard Place on GM Bailout

Mr. ToughMoneyLove doesn’t particularly want to add to all of the noise being generated about another proposed bailout plan in favor of General Motors and other car companies.   On the other hand, I have opinions and feel compelled to express them before one of the plans becomes reality.  So, these are my hard truth thoughts, in no particular order. Read more

The Relentless March of the Financially Clueless

Congress Plays the Blame Game

As expected, Congress is fully engaged in grandstanding and pontificating over the Paulson/Bernanke bailout plan.  Public statements from congressional hearings serve as a catalyst for continued volatility in the markets.  The Democrats countered Paulson’s three-page bill with a forty-page bill of their own.  “OK Mr. Paulson, I’ll see your $700 billion and raise you another $300 billion!”  Read more