Troubled Assets Relief Program

Your hosts Richard Morrison and Cord Blomquist welcome back special guest co-host Michelle Minton for Episode 35 of the LibertyWeek podcast. We begin with a celebration of human achievement and a peek into the realm of secret government documents. We then investigate how the White House is going to waste another $1 trillion of your money and how the British beer tax has managed to kill off 20,000 jobs. Finally we focus on the history of the scandal-addled Sen. Dodd of Connecticut and the future of U.S. Olympic glory.

BONUS BOOK FEATURE: We congratulate our good friend Steve Milloy on the publication of his new book, Green Hell: How Environmentalists Plan to Ruin Your Life and What You Can Do to Stop Them. The book is a one-of-a-kind, comprehensive takedown of the entire environmental movement that will open your eyes to a looming threat to our economy, our civil liberties, and the entire American way of life.

Also at Heritage today, FreedomWorks chief economist Wayne Brough described his organization’s legal analysis of the constitutionality of the Troubled Assets Relief Program. “There is a very strong non-delegation argument against the TARP,” he said. “They basically took all the debate out of the Congress and put it all in the Treasury in the Executive branch…They gave the Treasury a $700-billion blank check to spend at whim.”

For more on bailouts, see BeyondBailouts.org, a project of the Competitive Enterprise Institute and the National Taxpayers Union, as well as John Berlau’s entry on bailouts in CEI’s new Agenda for Congress.