A Project of The Annenberg Public Policy Center

The Bailout Bill?

Does the financial regulatory bill put an end to taxpayer-funded bailouts? Or does it "institutionalize" them? Viewers of the Sunday political talk shows and recent C-SPAN clips from the Senate floor might well be wondering, as Democrats (the "end of bailouts" crowd) and some Republicans (the "institutionalize" camp) have made these contradictory claims.
No piece of legislation can guarantee that a future Congress won’t allow the federal government to prop up a failing financial institution. But claims that this bill makes taxpayer-funded bailouts a permanent fixture are misleading,

Sunday Morning Stumbles

A lot of talking gets done on the Sunday morning shows, so it's no surprise that a verbal mishap or two might turn up.
For instance, yesterday on CNN's "State of the Union with John King," Senate Republican Leader Mitch McConnell of Kentucky dissed the Democratic health care overhaul bills, saying the American people don't like them either.

McConnell, Jan. 31: We know the public is overwhelmingly against the bill. In the NPR poll last week,

Bluegrass Gasoline Blues

Summary
Senate Minority Leader Mitch McConnell of Kentucky is running an ad blaming his opponent for contributing to high gasoline prices in the state. We find that’s a big exaggeration. At most, prices are 12.1 cents per gallon higher as a result of the 1980 tax change that was favored by Democratic candidate Bruce Lunsford. That’s less than 3 percent of gas prices today, and actually less than the rise in general inflation since 1980.