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    Stop Spending Our Future!

    This cartoon from the 1934 Chicago Tribune has appeared more than once in our inbox. Hopefully, unlike 1934, we have already endured the worst of new federal government central planning in the U.S. economy. By 1934 the Depression had already lasted five years, but would still go on for another … More

    Morning Bell: "I Just Lost Another Loan to Obama!"

    The New York Times reports this morning: “He is not a mortgage broker. But for a time on Thursday, President Obama seemed to be playing one on television, urging Americans not to miss out on rock-bottom refinancing rates. … Seldom has the president sounded so much like the host of … More

    Bailout Fail: Ford Drops Debt, while GM and Chrysler Flounder

    After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With the promise of further federal bailouts, no debt-holders wants to make concessions—accepting just 30 or 40 cents on the dollar, and much of that in … More

    Back to the Basics

    In the New York Times today, David Brooks has a column in which he describes two theories about the financial crisis: “greed” and “stupidity.” The “greed” theory is not what you might be thinking—it is not the simplistic notion that Wall Street is just full of greedy capitalists that swindle … More

    Bankruptcy? Nope, It's Just Another Bailout.

    All bankruptcies are not created equal. For months, Heritage and other conservatives have counseled that the proper course for an ailing automaker is the same medicine as for any other sick company: the bankruptcy process. All along, industry shills and union activists have pooh-poohed that idea, claiming that bankruptcy filings … More

    Everything Must Go!!!

    Jon Stewart wasn’t the only one to make fun of the Obama Administration for turning the White House into a car dealership. Jay Leno was on the case too: [youtube]http://www.youtube.com/watch?v=d0FJxC2DE_4&feature=channel_page[/youtube] Leno’s entire monologue should eventually be viewable here.

    Auto Loans for Everybody!

    George Mason University economics professor Russell Roberts has a line by line rebuttal of President Barack Obama’s auto sales pitch from yesterday. Read the whole thing, but we liked this paragraph the best: Therefore, to support demand for auto sales during this period, I’m directing my team to take several … More

    Obamathon '09 ... Where Every Day is President's Day

    Jon Stewart was awesome last night: The Daily Show With Jon Stewart M – Th 11p / 10c Carmageddon ’09 – Lemon Aid comedycentral.com Daily Show Full Episodes Economic Crisis Political Humor

    The Bailout Parade Continues

    First Washington decided auto makers needed bailing out, next it was auto parts suppliers, not to mention “too big” insurance companies. Now one Congressman is proposing federal bailouts for individual auto dealers. At today’s House Financial Services Committee hearing one Congressman floated a new proposal: Federal Floor Plan Financing. Auto … More

    Europeanization We Can Believe In

    The financial crisis has exposed a trend that has been in the works for some time. Since the fall of communism, some of the more socialist countries have learned lessons from the Soviet collapse: free markets work, and government planning does not. Meanwhile, the capitalist countries have slept through these … More