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    Does Obama Oppose the Fairness Doctrine?

    If so, give credit where credit is due. White House spokesman Ben LaBolt told FOXNews.com, As the president stated during the campaign, he does not believe the Fairness Doctrine should be reinstated.” The full story is here. For very good analysis of The Fairness Doctrine, see here and here.

    Shocking: Americans Oppose Giving More Money to Detroit

    They didn’t support it the first time around and nothing has been done to indicate to Americans that change and sustainability are on the horizon. The Detroit Free Press reports, A new survey shows that 64% of likely voters are opposed to the federal government loaning General Motors Corp. and … More

    GM Bailout Demands Grow $12 Billion in 2 Months

    An hour later than promised, General Motors submitted a restructuring plan to the Treasury calling for an additional $17 billion in government funds, on top of the $13.4 billion promised by the Bush Administration less than 2 months ago. Today’s request, if granted, would be $12.4 billion more than the … More

    Chrysler Bailout Demands Growing a Billion a Month

    We don’t have the plan, yet, but we already know the bottom line: $5 billion. That’s how much money private-equity-owned Chrysler LLC wants from federal taxpayers to finance its “turnaround plan” submitted to the Treasury at 5 pm today. Chrysler’s previous turnaround plan, released less than 2 months ago, indicated … More

    Congress Bans Pay for Performance

    A small provision slipped into the stimulus (PDF) by Sen. Chris Dodd is making big waves in the banking and finance industries. The last-minute addition to the bill, which pretty much no one noticed until after the legislation passed both chambers, places sharp limits on bonuses available to top executives … More

    Retiring Boomers: Where the Bucks Are

    Maintaining and modernizing our armed forces doesn’t just protect America, it fulfills the Constitution’s mandate to “provide for the common defense.” Yet the defense budget appears to be one place where President Barack Obama and Congress are looking to offset massive new spending elsewhere – “stimulating” or otherwise. “The Pentagon … More

    Is 'Card Check' Really a Free Choice?

    Aside from the Stimulus Package, the Liberals in Congress have something else up their sleeve on their agenda. It is known as the “Employee Free Choice Act”, but names can be misleading. The premise of this bill is to “establish stronger penalties for violation of employee rights when workers seek … More

    Why Stop at Banks?

    President Barack Obama likes to rail against high salaries on Wall Street and has even enacted a $500,000 salary cap for executives of firms that receive bailout money from the U.S. Treasury. But why stop there? Virtually all Universities receive millions in federal aid every year and are asking for … More

    Unintended Consequences on Executive Pay III: Exit Goldman

    Is it any coincidence that on the same day that the Obama Administration announces restrictions on executive pay for companies taking government bailout money, Goldman Sachs announced that it is pulling out of the government’s Troubled Asset Relief Program? The investment bank, says CFO David Viniar, is chafing under the … More

    Unintended Consequences on Executive Pay II: Pay Caps

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my last post, I discussed the example of a ban on “golden parachutes” for top executives. Now, another item from the Treasury’s pay rules for companies … More