Day: May 5, 2009
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Why Would Anyone Invest In Chrysler Now?
President Obama’s ham-handed ultimatum to Chrysler’s “secured” creditors promises to have adverse consequences beyond just rewarding the UAW for helping to drive the company into the ground.  At Real Clear Markets, Bill Frezza asks some excellent questions: Why would anyone lend money to heavily unionized companies knowing that if things went wrong, the president and […]
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Douthat’s Prescription For Republican Recovery
From his new op-ed perch as a New York Times token two-fer (conservative and bearded), Ross Douthat bids good riddance to Arlen Specter, and reminds us that ideas are more powerful than partisanship: The Reagan-era wave of Republican policy innovation — embodied, among others, by the late Jack Kemp — has calcified in much the […]