I was on Fox News last week and unloaded on the General Motors bailout. I’m surprised I wasn’t foaming at the mouth. My conclusion is that people with honor and integrity should refuse to buy cars from companies that stole money from taxpayers.
Daily Analysis
If the GM Bailout Is Obama’s Definition of Success, No Wonder America’s Heading to Bankruptcy
The President wants us to believe that the recent IPO for General Motors was a smashing success. And it was…if you believe that it’s a good idea to lose money (the direct cost of the bailout) and make the economy less efficient by misallocating resources (the indirect…
Don’t Blame Ireland’s Mess on Low Corporate Tax Rates
Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy i…
Here’s an Application Form, Get Some Bailout Money from Uncle Sam!
Are you an incompetent buffoon? Have you demonstrated spectacular inability? If you answered “yes” to these questions, Uncle Sam wants you. Here’s an application for a federal bailout. It helps, of course, if you have some lobbyists and a political action…
White House TARP Lies Add Insult to Injury
I commented on the Obama Administration’s TARP dishonesty yesterday, which made me feel better, but it was even more cathartic to vent on national TV about the corruption, dishonesty, and economic damage associated with the Wall Street bailout.
What Gets You Most Upset about the TARP Bailout, the Lying, the Corruption, or the Economic Damage?
I’m an economist, so I should probably be most agitated about the economic consequences of TARP, such as moral hazard and capital malinvestment. But when I read stories about how political insiders (both in government and on Wall Street) manipulate the system for…
The Second-Nicest Thing Ever Written about Me
In the “Five Things About Me” section of my blog, I included this blurb: A left-wing newspaper in the U.K. wrote that I’m “a high priest of light tax, small state libertarianism.” I assume they meant it as an insult, but it’s the nicest thing anyone’s ever said about…
A Contest: Which Story Is More Upsetting?
Here’s a change of pace. Instead of doing separate blog posts on the following two stories, I’m curious to see which one generates the most irritation/anger/disgust from you readers. The first option comes from the Wall Street Journal’s editorial page, which is…
Bashing Bailouts and Inflexible Unions
No CAP bedwetter to debate in this segment.
Is Obama the Next Hoover or the Next FDR?
Jonah Goldberg writes in National Review that President Obama is beginning to look like the next Herbert Hoover. This is rather ironic since the left wanted him to become the next Franklin Delano Roosevelt, ushering in a new era of politically-popular statism. …the…