With word of GM’s Obama-mediated bankruptcy yesterday, a few thoughts came to mind:
- How do you think Ford is feeling right now? Despite having financial trouble only slightly less dire than GM and Chrysler, Ford didn’t beg for a government handout. And, because of that, they will be put at [...]
I recently finished reading Amity Schlaes book, The Forgotten Man, in which she describes many of the follies of FDR’s handling of the economy during the Great Depression. One point that is made over and over is that FDR was an anti-business President. From establishing the TVA to destroy private utility companies to [...]
Of all of President Obama’s lies (and there are many), one of the most infuriating is his insistence that he is a strong believer in the free-market. I’m sure Obama’s teleprompter told him that the term “free-market” polls well so he should try to use it whenever he can to hide his true intentions. [...]
So, yesterday I read that President Obama forced General Motors CEO Rick Wagoner to step down. Casual observers of politics and economics have no idea what a seismic shift this is in the relationship between government and citizens. For government to have this much power in the decision-making of private industry is terrifying. [...]
I love this line from President Oprompter’s press conference Tuesday evening:
At the same time, the rest of us can’t afford to demonize every investor or entrepreneur who seeks to make a profit. That drive is what has always fueled our prosperity, and it is what will ultimately get these banks lending and our economy moving [...]
A popular cliche of lawmakers during the economic downturn and the discussion of bailouts is that “we’re all in this together”. Hillary Clinton and Barack Obama both said it during the 2008 Presidential campaign. Other lawmakers have used the phrase recently. In one sense I agree that we are all in this [...]
When Barrack Obama spoke, like most people, I only heard what I wanted to. I focused on his voice, body language, and only the words he emphasized. When he said “Nobody making less than $200,000 will see a tax increase,” I thought I would be okay because my taxes wouldn’t be going up. Within the [...]
