It is now fully apparent that General Motors did not pay back any money to taxpayers, and certainly did not pay back the full amount, as stated in the reprehensibly dishonest ads produced by the company. The Obama Administration took part in the lie, which exposes an…
Daily Analysis
Act of Congress to Protect Against Acts of God
Eli Lehrer writes in the Weekly Standard this week about a bill from Congressman Ron Klein that seems to be companion legislation to Congressman Richard Neal’s Reinsurance Bill. The article correctly points out the anti-market effects of such legislation: Those who…
Will the Greek Bailout Work?
As expected, the European Union and International Monetary Fund have chosen to subsidize the profligacy of Greek politicians. A deal has just been announced. As the Washington Post reports: Greece on Sunday announced a long-awaited deal with the European Union and…
Is Japan the Next Greece?
Total government debt is about 115 percent of GDP in Greece, which clearly is one of the factors that spooked investors and led to the bailout. But Japan – at least on paper – is in much worse shape with government debt approaching 200 percent of GDP. And…