Press release: Senator discusses Big Oil Bailout Prevention Liability Act, Kagan nomination and clean energy legislation

WASHINGTON – U.S. Senator Tom Udall, D-NM, talked with radio reporters today about the Environment and Public Works Committee mark up of The Big Oil Bailout Prevention Liability Act of 2010. He also discussed the national effort to encourage volunteerism in New Mexico’s communities and gave comments on the Senate Judiciary Committee’s hearings on the […]

Federal bailout for newspapers poor concept

Freedom New Mexico There has not been a formal agreement yet, let alone a turnover of funds, but a lawsuit has brought out the fact that the publisher of the venerable Philadelphia Inquirer has at least had discussions with Pennsylvania Gov. Ed Rendell about getting something like $10 million from the state government. Being keenly […]

Pornography succeeding without federal help

Freedom New Mexico The porn industry wants economic stimulus. It wants a federal bailout, which should resolve any confusion as to what this country has become. Some don’t believe in the free market’s ability to turn garbage into gold, to deliver anything and everything a consumer could ever want. People like that have never examined […]

CEOs undeserving of bailout

By Clyde Davis: CNJ columnist Who is to blame for the financial mess in which the country, and certain industries, find themselves? More to the point, how did some of the leading players arrive at the sense of entitlement that leads them to believe they deserve seven figure buyout packages, as a reward for managing […]

Editorial: Bailout enables risky behavior

It seems ironic that both houses of Congress approved spending more than $700 billion to bail out financial companies in October, which is National Domestic Violence Awareness Month. During this month we are flooded with information about the problem of abuse, and are warned about the dangers of codependency and enabling. Often that information comes […]

Bailout bill passes

By Julie Hirschfeld Davis: The Associated Press

Major lessons to be learned in lending crisis

Freedom New Mexico In the wake of the initial failure of the proposed $700 billion bailout of the

Udall, Pearce vote against bailout

Staff and Wire reports SANTA FE — New Mexico Reps. Tom Udall and Steve Pearce, locked in a race to succeed retiring U.S. Sen. Pete Domenici, voted Monday against the bailout of the nation’s financial system. Each cited insufficient protection for taxpayers in the $700 billion package. The third member of the state’s congressional delegation, […]

Residents skeptical about government bailout

By Sharna Johnson: CNJ staff writer The financial markets reflected a general feeling of unease and skepticism felt by many over the government’s proposed $700 billion bailout plan to buy bank’s mortgage debts. Worries that the rescue package would cost too much, drive up inflation, swell the already-bloated deficit and hurt the ailing economy also […]

Bailout proves lenders need to privatize

Freedom New Mexico Just Tuesday, our editorial chided the Japanese government for clinging to a “too big to fail” attitude toward companies or enterprises with close ties to the government. Over the weekend U.S. Treasury Secretary Henry Paulson demonstrated