November 20, 2008
In a secret ballot vote, the House Democratic caucus has removed the Michigan Rep. John Dingell from his chairmanship of the Energy and Commerce panel in favor of California Rep. Henry Waxman. The change may presage a shift in the House in favor of much more purist and extreme leftist views on a r...
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In capitalism, losers must be allowed to fail. Period. It would be wrong to bailout the auto companies because it is not the government's job to rescue companies that have failed because of flawed business models and a failure to innovate.The unions are killing the Big 3. It's no wonder that Niss...
go to article »November 19, 2008
Observing Japan comments on the debt crises in Japan ad the U.S.: For the past two decades, Japan has fallen from a great height, and barring adjustments, it may have further to fall. The US may yet experience a similar decline. ...
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California Port Overrun by Unsold Foreign Cars. Matt Richtell, The NYT (en)" ... For now, the port itself is the destination. Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars are being warehoused on increasingly crowded port property ...... But the inventory glut ...
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The Seven Deadly Deficits. Joseph E. Stiglitz, Mother Jones (en)" ... George W. Bush assumed office, most of those disgruntled about the stolen election contented themselves with this thought: Given our system of checks and balances, given the gridlock in Washington, how much damage could be done? N...
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There's something to be said for failure. It shouldn't be any one's goal to fail, but sometimes you can learn a lot from failing, getting fired, or whatever kind of setback confronts you. Capitalism, similarly, benefits from failure when the inefficient are weeded out and eliminated from the marke...
go to article »November 18, 2008
What does the fugitive deposed Prime Minister of Thailand have in common with John Major, Olivier Sarkozy (half-brother of Nicholas), George W. Bush, and George H. W. Bush?Answer here. An observation concerning one probable past implication of the link here....
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The Times 2008Chapatte, The IHT 2008...
go to article »November 17, 2008
Speaker of the House Nancy Pelosi said Saturday that the House of Representatives would bail out the long ailing U.S. auto industry. Although the news will undoubtedly make automakers and their employees happy, there will be strings attached: the House will require ‘that the industry meet new ...
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Via Hot Air come two videos that should be watched by those interested in the nature of this year’s economic crisis, the severity of it, and the potential consequences. One of the videos stars Peter Schiff, former adviser to, among others, Congressman Ron Paul. Back in 2006, Schiff was warning...
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