It sounded so tempting back in the fall—a government bailout. Maybe there was a free lunch (and free dinner, and free bedtime snack) after all for failing corporations, provided by the hand of government. It’s hard to remember, it seems … Continue reading →
The newly appointed chairman of GM admits he don’t know nothin’ ’bout makin’ cars. But he vows to learn. The Treasury Department thinks Edward E. Whiteacre Jr., who spent his 43-year career at AT&T, is just the ticket for the … Continue reading →
The NY Times offers this article by David Leonhardt that purports to prove that Obama isn’t responsible for much of our projected deficit problem—although it does admit that he hasn’t done much of anything to fix it. Is anyone the … Continue reading →
Ah, it seems so easy. We all know that there’s waste in health care. We all know that there are unnecessary tests and treatments, and that if we could figure out what they are and eliminate them, health care costs … Continue reading →
Justice Ginsberg has ordered a temporary stay of the Chrysler-Fiat sale. This doesn’t mean a whole lot as yet. The decision can be easily reversed at any time and the deal allowed to go ahead. That may indeed be what … Continue reading →
This editorial in today’s WSJ points out that Obamacare rests on a number of unproven assumptions: The main White House argument for health-care reform goes something like this: If we spend now on a hugely expensive new insurance program for … Continue reading →
An article headlined “If Obama Had Carter’s Courage…” is bound to get my attention. Just the other day I compared Carter favorably to Obama in the arena of hypocrisy about promises not to live high on the public’s dime. Now … Continue reading →
It turns out that, according to this WSJ article, Laffer may have been correct when he said a state that raises taxes on the rich often finds it has fewer revenues rather than more, because the rich have their methods … Continue reading →
In what seemed to be a stock market freefall back in March, some people panicked and did exactly what you’re not supposed to do: sell low, at what now appears to have possibly been the bottom of the market drop. … Continue reading →
Why? Here’s why. The group is one of those supposedly greedy first-line creditors that got shoved out of the way and dissed as insufficiently self-sacrificing by President Obama in his mad dash to reward his union friends in the Chrysler … Continue reading →
Here’s an excellent piece from the Wall Street Journal that describes just what’s wrong with Obama taking on the role of car czar: So far, the Obama administration has yet to lay out its magical thinking on how the homegrown … Continue reading →
Ann Althouse says she wanted to smack Edmund L. Andrews, author of “My Personal Credit Crisis“, when she read his article in Sunday’s NY Times Magazine. And it wouldn’t be a love tap, either. I’m with Althouse. Andrews begins by … Continue reading →