Profit-driven economy beats political favoritism. President Obama is no fan of Mitt Romney-style "vulture" capitalism. So what's his alternative? All those Republicans grousing about the president's attacks on private equity might instead be seizing on this beautiful point of contrast. Mr. Obama, after all, is no mere mortal president. Even as he's ... MORE
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
WSJ Op-Ed: Vulture Capitalism? Try Obama's Version
Profit-driven economy beats political favoritism. President Obama is no fan of Mitt Romney-style "vulture" capitalism. So what's his alternative? All those Republicans grousing about the president's attacks on private equity might instead be seizing on this beautiful point of contrast. Mr. Obama, after all, is no mere mortal president. Even as he's ... MORENY Post: The Senate's Foolish USPS Bailout
A good reason for taxpayers to go postal. The US Postal Service is so mired in debt that nothing can save it from going bust — but the Senate is trying to dump a $33.7 billion bailout in its lap anyway. Against the Postal Service’s wishes. Postmaster General Patrick Donahoe did something brave last year: He tried to bring USPS into the age of instant electronic ... MOREFannie Mae Needs Another $4.6Billion From Taxpayers
Government bailouts, the gift that keeps on giving. Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington, D.C.-based Fannie said it lost roughly $2.4 billion in the October-December quarter, stung by declining home prices. ... MOREAndrew Napolitano: What If Democracy Is Bunk?
Do Americans have a fundamental misunderstanding? What if you are only allowed to vote because it doesn't make a difference? What if no matter how you vote, the elites get to have it their way? What if "one person, one vote" is just a fiction created by the government to induce your compliance? What if democracy is dangerous to personal freedom? ... MOREVIDEO: Michael Steele On Wealth Redistribution
Socratic interviewer Jan Helfeld brings the former RNC chairman to the bottom line.
Wash Examiner: A Coming Mandate To Buy Chevy Volts?
The path of bailouts, regulations and CAFE standards President Obama spent more than $85 billion bailing out General Motors and Chrysler three years ago. Now he claims credit for saving the industry, noting GM's recent return to the top sales spot among automakers worldwide, Ford's record profits (albeit achieved without federal funds), and the recent ... MOREWalter E Williams: Free To Die?
Forcibly using one person to serve another. Nobel Prize-winning economist Paul Krugman, in his New York Times column titled "Free to Die" (9/15/2011), pointed out that back in 1980, his late fellow Nobel laureate Milton Friedman lent his voice to the nation's shift to the political right in his famous 10-part TV series, "Free To Choose." Nowadays, Krugman says, ... MOREDetroit News: Estimate Of Auto Bailout Loses Soar
Losses to Treasury expected to exceed $23 billion. The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline. In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its ... MORENile Gardiner: Obama Facing Anti-Government Revolution
Three polls that give Americans hope for change. Three major polls this week will give a jittery White House cause for concern. The first, from ABC News/Washington Post shows a significant rise in public anger towards the federal government. The second, from The Wall Street Journal/ NBC, shows overwhelming disillusionment with President Obama’s handling of the ... MOREShikha Dalmia: Don't Mind The Gap
What matters is income mobility, not income inequality. I hate to be the bearer of good news just as the Occupy Wall Street movement is gathering steam, but protesters can stop worrying about rising inequality and go home. New evidence suggests that the super-rich got hit by the recession much harder than the rest of the 99 percent. This doesn’t mean that they ... MORE Destroying Value Is What Government Does Best
by Sheldon Richman. In Cleveland and other American cities homes are being demolished because five years after the housing bust there is nothing better to do with them. Therein lies a lesson in Austrian business cycle theory. In a world of uncertainty, waste — the destruction of value — is inevitable. Human action, which aims to replace inferior ... MOREWalter E Williams: The Financial Mess In U.S. and Europe
Time to wean the people off government. What's the common thread between Europe's financial mess, particularly among the PIIGS (Portugal, Ireland, Italy, Greece and Spain), and the financial mess in the U.S.? That question could be more easily answered if we asked instead: What's necessary to cure the financial mess in Europe and the U.S.? If European governments and ... MOREThomas Sowell: Back To The Future
Part I Part II Part III Those who are impressed by words seem to think that President Barack Obama made a great speech to Congress last week. But, when you look beyond the rhetoric, what did he say that was fundamentally different from what he has been saying and doing all along? Are we to continue doing the same kinds of things that have failed again and again, just because ... MORE
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