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Using TARP to Bail Out Big Three: Illegal?
Patterico's Pontifications — ... It’s a pretty convincing case. Then again, President Bush is famous among lefties for allegedly not caring about the law. Whether that’s a fair characterization or not, the fact remains that he has been discussing it, according to numerous ...

Corker: All we asked is that the UAW give us a date by which it would become competitive
Hot Air » Top Picks — ... . Thus have the inefficiencies of the initial Wall Street bailout made this bailout more inefficient, too. Watch, then read on. Two points about all this. One: If Bush is going to bite the bullet and release the TARP money ( legally or not ), why not blame it on Obama? Call a presser, affirm that he opposes funding the Big Three without stringent restructuring requirements, then humbly declare that he doesn’t want to complicate life for the incoming administration by sinking the auto industry knowing they support a bailout. The media’s constantly whining anyway about the lag ...

Anyone want to sue over the illegal UAW bailout?
Michelle Malkin — ... and taxpayers. The use of TARP funds is also regrettable, the latest in a growing list of TARP money uses that were not discussed with or envisioned by Congress when the program was authorized. Now that billions in taxpayer funds are being put at risk, it is more essential than ever that our Democratic counterparts back away from threats to impose extreme environmental mandates on the auto industry that will jeopardize millions of American jobs.” It’s not just “regrettable.” As the Heritage Foundation reported, it’s ...

Robert Reich Stands Tall for the Separation of Powers
Hit & Run — Clinton administration Labor Secretary Robert Reich, who supports an auto industry bailout, nevertheless agrees that President Bush's unilateral loan plan is illegal and unconstitutional. This shows I'm right! Well, maybe not, but it's an example of a man standing up for a principle even when the principle is inconvenient. Too bad Obama couldn't muster similar courage. Go here, here, and here for other examples of dissent, all from conservatives or libertarians who (like me) oppose ...

RNC Vice-Chair throws down the gauntlet on bailout socialism
RedState: Conservative News and Community — ... “Usurped the legislative function”. Yes, that appears to be exactly what he has done. In fact, many believe that what Bush has done is downright illegal, although the language of the TARP agreement, when read word-for-word (as lawyers have a tendency to do), may leave room for interpretation. I posted a link to a Heritage writeup on this very issue a week or so ago, and in Wednesday’s Washington Times, Terrence Jeffery ...