How Are We Different Than Communist China, Again?
Barack Obama pushes for a $500 billion stimulus. Communist China announces a $586 billion economic stimulus. Barack Obama is pushing for a government bailout of… Read More
Barack Obama pushes for a $500 billion stimulus. Communist China announces a $586 billion economic stimulus. Barack Obama is pushing for a government bailout of… Read More
In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting… Read More
Congress is considering increasing the length of time unemployed workers can collect unemployment insurance (UI) benefits. Normally unemployed workers can collect UI benefits for up… Read More
Lynne Kiesling highlights these daunting numbers from David Yermack’s WSJ piece: • GM and Ford are two companies that made the most money-losing investments in… Read More
Is there nothing the liberals on Capitol Hill will not throw money at? MIT Professor Andrew Lo testified before the House Oversight Committee last week… Read More
Heritage Senior Research Fellow James Gattuso explains what happens when bankruptcy is declared and why it is a better option for Detroit Automakers [youtube]http://www.youtube.com/watch?v=6wKGODqsZ2o[/youtube]
This week Capitol Hill is focused on bailing out the Big Three auto makers. But come January throwing money down the Detroit money hole will… Read More
Congress is facing a few road bumps during this lame duck session to pass any legislation. The Omnibus Lands Bill that restricts energy exploration has… Read More
This week the executives of the Big Three auto makers are expected to testify on Capitol Hill. As Heritage Senior Legal Analyst Andrew Grossman points… Read More
Heritage U.S. Senate Relations Director Brian Darling writes in Human Events: The Democratic leadership in Congress and President-elect Barack Obama have an ambitious stimulus list,… Read More
Wanna know why Ford and GM lost billions this quarter while Toyota posted a tiny profit? University of Michigan at Flint professor of economics Dr…. Read More
The most important thing to remember as Capitol Hill debates the auto bailout this week, is that the incestuous relationship between big business, big labor,… Read More
If you’re reding this blog, you’re probably already a fan of George Will and probably already read his column this weekend. But just in case… Read More
George Soros has written three books warning of an impending financial crisis. He admits to being like the boy who cried “wolf,” adding he was… Read More
The Atlantic’s Megan McArdle has been tackling the proposed auto bailout like a champ. Here are just some of her contributions from the past week:… Read More
When I think of bankruptcy I think of this. That’s right, the Monopoly Guy. Pockets empty. Shoulders shrugged. Game over. All the jobs will be… Read More
Most people are skeptical about statistics, claiming that mathematically-minded people just bend numbers to their will. But when it comes to long term budget projections,… Read More
In the video below, Sen. Carl Levin (D-MI) describes the inevitable bailout of the auto industry as “a bridge to the future.” [youtube]http://www.youtube.com/watch?v=3w8jEKoX5-Q[/youtube] A “bridge… Read More
The communists that dethroned Czar Nicholas II were the first to implement “central planning” but President-elect Barack Obama is doing his best to match both… Read More
From the front page of the NY Times: The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders… Read More
George Mason’s Don Boudreaux has a snappy response to Center for American Progress suggestions that If It Happens, The Auto Industry Bailout Needs To Be… Read More
The Corner‘s Iain Murray flags a valuable new study out of the University of Chicago on Treasury Secretary Hank Paulson’s bank recapitalization plan: We calculate… Read More
Harvard economist Greg Mankiw’s letter to President-elect Barack Obama offers some great suggestions for the next four years: Congratulations, Senator Obama. You ran a good… Read More
There was no bigger media cheerleader for Barack Obama over the past year than MSDNC. Hardball host Chris Matthews famously admitted that Obama sent “a… Read More
Some of the most egregious policies implemented by Congress have been when Members failed to fully understand the costs and the benefits of that policy…. Read More
In several recent speeches by Sarah Palin, she has cited an analysis of Barack Obama’s tax plan prepared by the Center for Data Analysis (CDA),… Read More
A closer look at the Obama and McCain tax plans for the reveals that it is not just the “rich” taxpayers earning more than $200,000… Read More
NBA owners and players will have to swallow hard if that avid hoops fan, Barack Obama, is elected president and pushes through his tax plan…. Read More
Last week we documented Barack Obama’s devolving definition of who he considers to be rich. At first it was families making more than $250,000. Then… Read More
Reporting on the latest incarnation of the Wall Street Bailout, The New York Times managed to discover the concept of moral hazard today: As the… Read More
