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The Biggest Loser This Week Isn’t Obama — It’s the Health Insurance Industry
No comments on The Biggest Loser This Week Isn’t Obama — It’s the Health Insurance IndustryObamacare has been called a giveaway to the health insurers, but I don’t think the industry is particularly grateful this week.
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Revisiting Cash for Clunkers
The Wall Street Journal has just labeled the Cash for Clunkers program “one of Washington’s all-time dumb ideas.” (Hyperbole, of course — no program costing a “mere” $3 billion could possibly qualify for the all-time…
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Kudlow Supports A.T.I.N. on Clunkers
For days after conveying the coveted All That Is Necessary Seal of Approval on the Cash for Clunkers program, I’ve watched a parade of conservative commentators weigh in against it. Some of the critics were…
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“Porkulus” Was a Travesty, but “Cash for Clunkers” is Kosher
I wasn’t aware of the “Cash for Clunkers” program until today, when they started talking about ending it prematurely because it was running out of money. I’m not in a position to take advantage of…
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Wanna Buy GM Stock? Better Hurry, the Price is Rising!
As you may have heard, General Motors, once the world’s largest company by market capitalization, is bankrupt. You and I, along with 300 million of our closest friends, are going to end up owning about…
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Obama’s Intimidation Trumps Fiduciary Duty
The group of secured lenders who were holding out for fair treatment in the Chrysler bankruptcy has disbanded, after two more defections in the face of pressure from the Arm-Twister in Chief. “After a great…
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When Obama Says “Hedge Fund,” Think “Widows and Orphans”
At least one of Chrysler’s “secured” lenders is vowing to stand fast against President Obama’s efforts to bully the lenders into abdicating their fiduciary responsibility. NEW YORK (Reuters) – Plans for a quick sale of…
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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…
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Chrysler’s New Majority Owner Will Be The UAW. Yeah, That’ll Work.
I’ve been arguing for months that the government should not throw more bailout money at GM and Chrysler, but rather let them work out their problems in bankruptcy court. Filing for Chapter 11 bankruptcy protection…
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Obama’s Not-So-Invisible Hand
Now that the Automaker-in-Chief has fired the CEO of General Motors and instructed Chrysler to sell itself to Fiat by the end of April, he’s turning his attention to a variety of other essential American…