Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Louis Woodhill: The Folly Of Government Venture Capital
Another $171 million taxpayer dollars down the tubes. If you go to www.fiskerautomotive.com,
you see a picture of a red Fisker Karma sedan and the words, “Welcome.
New Site coming soon.” Ominously, if you click on the “Tomorrow” link
at the top of the page, nothing happens. In fact, none of the links on
the page produce any ... MORE
Labels:
bankruptcy,
crony capitalism,
government,
green,
Obama,
politics,
spending,
subsidies,
waste
Andrew Napolitano: When The Government Goes Bankrupt
What happens when the government goes bankrupt? This question is one that sounds like a hypothetical exercise in a law school classroom from just a few years ago, where it might have been met with some derision. But today, it is a realistic and terrifying inquiry that many who have financial relationships with governments in America ... MORE
Terence P. Jeffrey: Stockton Was Murdered
It was an inside job. Were a rational person given the assignment to search this planet to find the best place for human beings to live and build wealth, he might well settle on San Joaquin County, Calif. That is where Americans built a city called Stockton — the municipality a federal bankruptcy judge just declared dead. How did Stockton die? ... MORE
Union Greed Drives California To Bankrupcy
by Steven Greenhut. Few non-local people pay much attention to the goings-on in Stockton, a hard-pressed Gold-Rush-era industrial city of 300,000 that sits in the agriculturally rich San Joaquin Valley at the eastern edge of the California Delta. But bond-holders, taxpayers and government officials throughout the country will be listening to U.S. ... MORE
John Stossel: Shopping Around For A Better Life
Thanks, California! Thanks for your monstrous spending and absurd regulatory overreach! America needs you. We need Connecticut and Illinois, too! We need you the way we needed the Soviet Union, as models of failure, to warn us what happens if we believe those who say, "Government can." Moving to California was once the dream for many Americans. ... MORE
Walter E Williams: A Hundred Percent Of Nothing
The power to control Detroit. JoAnn Watson, Detroit city council member, said, "Our people in an
overwhelming way supported the re-election of this president, and there
ought to be a quid pro quo." In other words, President Obama should send
the nearly bankrupted city of Detroit millions in taxpayer bailout
money. But there's a painful lesson ... MORE
John Stossel: About That Fiscal Cliff
It's less frightening than the bankruptcy cliff. Yikes, we're headed toward a fiscal cliff! It will crush the
economy! Or so the media and politicians tell us. The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts. Will Congress act? It will! I see the future: The politicians will meet ... MORE
Thomas Sowell - Killing The Goose
Incentives for destruction. Killing the goose that lays the golden egg is one of those old fairy
tales for children which has a heavy message that a lot of adults should
listen to. The labor unions which have driven the makers of Twinkies
into bankruptcy, potentially destroying 18,500 jobs, could have learned
a lot from that old children's fairy tale. ... MORE
50 Obama-Backed Companies Are Financially Troubled
by Micheal Bastasch. The October bankruptcy of solar company Satcon Technology Corp. puts
the number of bankrupt or troubled green energy companies as high as 50,
according to one estimate. During the first presidential debate, Republican candidate Mitt
Romney said the Obama administration had doled out $90 billion to green
energy ... MORE
Quarter-Billion-Dollar Stimulus Creates Just 400 Jobs
by Jim McElhatton. Battery maker A123 Systems
vowed thousands of new jobs when it received a nearly
quarter-billion-dollar stimulus grant in late 2009, but federal
job-tracking figures show only a few hundred positions were created
before the company joined a growing list of federally backed energy
businesses that ended in bankruptcy. ... MORE
How Government Workers Profit At Taxpayer Expense
by Steven Greenhut. Stockton, California city workers who attended the unveiling of a new report detailing the trends in public-employee compensation in California on Wednesday night complained about cuts in their compensation packages that are causing hardship for them and their city. But the report, prepared on behalf of the Howard Jarvis ... MORE
Shikha Dalmia: Big Labor Is Going For Broke In Michigan
Making unions more powerful than the legislature. We've seen Gov. Scott Walker's battle in Wisconsin and the Chicago Teachers Union strike next door. Now in Michigan comes another Midwestern political showdown that will carry enormous implications for the role of unions in American life. The Michigan Supreme Court recently approved ... MORE
Labels:
bankruptcy,
education,
initiative,
labor,
rights,
strategy,
taxpayer,
teachers,
unions,
voting
VIDEO: Social Security As A Wealth Redistribution
Walter E Williams explains Social Security is really a handout.
Steve Chapman: Obama's Auto Fairy Tale
Taking credit for every car sold since 2009. I'm a little hazy on the particulars, but as I understand things from the Democratic convention, a team of Navy SEALs landed in Detroit to save General Motors, and then autoworkers ran over Osama bin Laden repeatedly with a Chevy Volt. Or something like that. What was clear, regardless, is that the same ... MORE
Steven Greenhut: California Goes Bankrupt
One city after another becomes insolvent. First Vallejo, then Stockton, then Mammoth Lakes, and now San Bernardino and soon possibly Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after another—following a decade-long spree of ramping up public- ... MORE
Steve Conover: The Essential Lesson Of The Auto Bailout
Punishing success. What do companies get when they act responsibly? Government-subsidized competition. On July 5 in the swing state of Ohio, President Obama treated voters to his campaign-2012 synopsis of the 2009 auto industry bailout: "When the American auto industry was on the brink of collapse and more than one million ... MORE
John Fund: California Demon
A state fast becoming America's version of Greece. The lastest unemployment numbers show the economic recovery stalling. But as weak as the national economy is, it’s nothing compared to the condition of some states whose policies are guaranteed to scare away jobs and investment. Call it the European Disease: Run up spending and ... MORE
John Fund: Off The Rails, Over The Cliff
California's train to nowhere: full speed ahead. It’s hard to express how sad it was for me to watch, in person, as the state I grew up in committed fiscal suicide. I went down to the state capitol here on Friday afternoon to watch the state senate approve, by a single vote, a $4.7 billion bond package to build a high-speed-rail system from ... MORE
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