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    A Plan a Day Keeps Investors Away

    Earlier this week we documented how Treasury Secretary Hank Paulson’s erratic behavior has become perhaps the single most disruptive force in the global economy. But he is just one of many government actors throwing more uncertainty into an already volatile marketplace. Federal Deposit Insurance Corporation Chairwoman Sheila Bair has been … More

    Morning Bell: The Perpetual Bailout Machine

    Failure is a part of U.S. business culture. That is why Americans feel extremely comfortable buying tickets from bankrupt airlines, electronics from bankrupt retailers, and apartments from bankrupt builders. To paraphrase a popular bumper sticker: bankruptcy happens. Bankruptcy does not have to be the end for any business. Instead bankruptcy, … More

    With the Left in Power, Only Morons Pay Their Mortgages

    Reporting on Fannie Mae’s and Freddie Mac’s new program to reduce monthly mortgage payments for those people who have missed at least 90 days worth of payments, The San Francisco Chronicle’s Kathleen Pender reports: Peter Schiff, president of Euro Pacific Capital, predicts that many homeowners who have little or no … More

    Sanity to Prevail on Card Check?

    President-elect Barack Obama’s chief of staff Rahm Emanuel declined to reassert Obama’s campaign promise to end the secret ballot in union organizing elections yesterday. The Wall Street Journal reports on Emanuel’s presentation to the WSJ CEO Council: He was asked his views on the push by labor unions to allow … More

    How Are We Different Than Communist China, Again?

    Barack Obama pushes for a $500 billion stimulus. Communist China announces a $586 billion economic stimulus. Barack Obama is pushing for a government bailout of U.S. auto makers conditioned on putting “a government representative on the boards of rescued auto makers, to ensure they hew to conditions attached to the … More

    Sending Arsonists to Fight Fires

    In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting fires: One would think that, since the government created the crisis, they should fix it, right? No. They should STOP interfering with the markets, not … More

    High Long-Term Unemployment No Surprise

    Congress is considering increasing the length of time unemployed workers can collect unemployment insurance (UI) benefits. Normally unemployed workers can collect UI benefits for up to 26 weeks. Congress changed the law to allow 39 weeks of benefits. Now many in Congress want to allow 46 weeks of benefits. One … More

    Disturbing Auto Industry #s

    Lynne Kiesling highlights these daunting numbers from David Yermack’s WSJ piece: • GM and Ford are two companies that made the most money-losing investments in the 1980s; between them they “destroyed $110 billion in capital” in the decade, according to an analysis from the careful and renowned economist Michael Jensen. … More

    Bailouts for Future Millionaires

    Is there nothing the liberals on Capitol Hill will not throw money at? MIT Professor Andrew Lo testified before the House Oversight Committee last week on the increasing gap between pay for finance and engineering graduates (hint, there is money in finance kids!). Not content to let high salaries solve … More

    Video: Bankruptcy, Not a Bailout, Is a Better Option for Automakers

    Heritage Senior Research Fellow James Gattuso explains what happens when bankruptcy is declared and why it is a better option for Detroit Automakers [youtube]http://www.youtube.com/watch?v=6wKGODqsZ2o[/youtube]