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  • Monthly Archives: December 2008

    UAW Won't Let Detroit Make Competitively Priced Cars

    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 integrated, and highly profitable auto plants — in Brazil. They employ state of the art technology and techniques to produce high-quality vehicles: This state-of-the-art manufacturing … More

    Tankosphere Today: Dec. 17, 2008

    Families of 80% of Uninsured California Kids Reject State Coverage – Pacific Research Institute The UCLA Center for Health Policy Research has published its annual update on health insurance in the Golden State. I’m a big consumer of the Center’s research. It conducts the outstanding California Health Interview Survey (CHIS), … More

    Now Ethanol Wants a Bailout

    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 Renewable Fuels Association, a trade group for the U.S. ethanol industry, has spoken with staff members from Capitol Hill and President-elect Barack Obama’s team and … More

    The Great Blurring

    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 from China. It is eye-opening because it is hard to avoid the conclusion that the U.S. and China are becoming two countries, one system. How … More

    They Should Have Been Lawyers

    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 where someone is accused to borrowing someone’s teapot and breaking it. The (perfectly legal) defense can simultaneously be: I didn’t borrow the teapot The teapot … More

    Should We Hand Detroit a Blank Check?

    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 Congress and the automakers are negotiating a plan to use the last $15 billion to bail out Detroit’s automakers. I won’t get into the illegality … More

    How to Stop Obama's War on the Middle Class

    High taxes and steep housing costs have been forcing middle class Americans out of New Jersey for years. Now President-elect Barack Obama has nominated New Jersey Department of Environmental Protection commissioner Lisa Jackson to head the federal Environmental Protection Agency. On Monday, New Jersey’s DEP unveiled a global warming plan … More

    Too Bad He Isn’t Trying to Save Socialism

    “I’ve abandoned free-market principles to save the free-market system.” President George Bush on CNN, November 16, 2008.

    Morning Bell: Obama's Net Spending Cut Promise

    Earlier this week the Treasury Department released its 2008 Financial Report of the U.S. Government. According to the report, while government revenues stayed relatively flat, increasing only 1%, the government’s net operating cost more than tripled from the prior fiscal year. The report warns: “In both the near and long … More

    Obama: 'Under My Plan, Electricity Rates Will Necessarily Skyrocket'

    [youtube]http://www.youtube.com/watch?v=ydqg7ThZB04[/youtube] When President-elect Barack Obama discusses his cap-and-trade policy (it gets good around the 32-second mark), at least he acknowledges “electricity rates will necessarily skyrocket.” I’m not sure why this isn’t getting more attention. People in this country were outraged when gas was $4-per-gallon. They assumed oil companies were artificially … More