At a Monitor lunch for reporters Wednesday, tea party leader Dick Armey said Obama's actions on the BP oil spill run afoul of the Constitution.
Virtually everyone agrees that BP should pay the costs of the Gulf oil spill – rather than US taxpayers.
BP oil spill: BP will set aside $20 billion to pay the victims of the massive oil spill in the Gulf.
GM said Monday that interim CEO Ed Whitacre will stay on permanently, and Whitacre laid out a plan to pay back federal bailout money. Both announcements were viewed as positive signs.
High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.
The move makes for good politics, but is it good business?
Although CEO Ken Lewis agrees to a $0 pay package, don't expect a wholesale revolution in executive compensation on Wall Street.