The Bailout Needs a Bailout
Covering the Bush Administration’s latest attempt to save the free-market by abandoning free-market principles, The Washington Post reports: The new loans push the government’s planned… Read More
Covering the Bush Administration’s latest attempt to save the free-market by abandoning free-market principles, The Washington Post reports: The new loans push the government’s planned… Read More
This morning the President announced that his Administration, acting unilaterally after Congress declined to intervene, will bail out the auto industry to the tune of… Read More
From the Detroit Free Press: Purpose: The terms and conditions of the financing provided by the Treasury Department will facilitate restructuring of our domestic auto… Read More
From the Machinery of Freedom by David Friedman, Milton’s son. Special interest politics is a simple game. A hundred people sit in a circle, each… Read More
Even as the Detroit automakers are asking Congress for a taxpayer bailout, the Detroit News reports that Ford Motor Co. is operating highly automated, highly… Read More
Nothing gathers a crowd in Washington like the sight of money being handed out. Banks, carmakers and now ethanol? From the Wall Street Journal: The… Read More
It pains us to quote Thomas Friedman but this, unfortunately, sounds on target: It is both eye-opening and depressing to look at our banking crisis… Read More
At some point in every law school, students are taught the old lawyer’s trick of “inconsistent pleadings.” The classic example of this involves a case… Read More
Despite the fact that Congress intended the $700 billion Troubled Asset Relief Program (TARP) solely for financial institutions, the Bush administration, the Treasury, Members of… Read More
“I’ve abandoned free-market principles to save the free-market system.” President George Bush on CNN, November 16, 2008.
Washington Post assistant managing editor Eugene Robinson believes that anyone who opposes a federal government bailout of General Motors and Chrysler is a “lunatic.” So… Read More
Well, that’s what The Washington Post‘s Eugene Robinson said. He didn’t say that word for word, but he might as well have. This is what… Read More
Surely, some concessions can be made, right?
One of the key litmus test issues for the online left is support for ‘net neutrality’. Never heard of it? You’re not alone. As a … Read More
University of California, Irvine Professor of Economics David Neumark and Federal Reserve Board Division of Research and Statistics Associate Director William Wascher have a new… Read More
CNBC’s Maria Bartiromo has a must read interview with Rep. Barney Frank (D-MA) in Business Week. Bartiromo asks: Should GM (GM) acquire Chrysler? I’m not… Read More
So desperate for a government takeover of the U.S. auto industry, some on the left are now stooping to borrowing rhetoric from Vice President Dick… Read More
There is not a ton of common ground between the Heritage Foundation and Neo-Keynsian Joseph Stiglitz. But it appears we do see eye to eye… Read More
With the Senate’s rejection of a bailout for Detroit’s ailing automakers, there now comes word that President Bush is actively considering using funds allocated by… Read More
There’s been a lot of good discussion on the auto bailout over the past day or so. And by good discussion, I mean pointing out… Read More
A key provision of proposed legislation to bailout General Motors and Chrysler, which say they are on the brink of insolvency, may be an unconstitutional… Read More
At first Speaker Nancy Pelosi (D-CA) said she would never support an auto bailout bill that used money originally set aside to help Detroit develop… Read More
At the height of the campaign season, House Oversight Committee chair Henry Waxman (D-CA) held a number of hearings on the burgeoning financial meltdown including… Read More
A Christian Science Monitor article this morning argues that Roosevelt didn’t spend enough to jolt economy into recovery. Only when spending skyrocketed for World War… Read More
From the NYT‘s write up on President-elect Barack Obama’s promised public works program: Mr. Obama’s plan, if enacted, would be in part a government-directed industrial… Read More
A few weeks ago, CEOs from Detroit’s Big Three flew to Washington in their private planes asking for $25 billion. They were ridiculed for flying… Read More
So the Big Three automakers returned to Washington yesterday, this time with slightly more specific plans on how they plan to spend taxpayer money to… Read More
June 4, 2008, must seem like light years ago for Detroit. On that Wednesday night, the Detroit Red Wings hoisted Lord Stanley’s Cup in Hockeytown,… Read More
The Wall Street Journal ran a great article on those ‘other’ car manufacturers we have in the U.S. The takeaway: These are the 12 “foreign,”… Read More
It’s bad enough that there are already legions of lobbyists lining up in Washington for their slice of the upcoming $700 billion-plus pie. But when… Read More
