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R.I.P., President Obama’s Honeymoon
1 comment on R.I.P., President Obama’s HoneymoonIt’s been a while since I’ve updated the Honeymoon-Over Watch. According to David J. Rothkopf at Foreign Policy, this should be the last update needed: Mark it on your calendars. It was in June 2009…
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Better Pass It Quickly — Someone Might Read It!
Once again the Democrats in Congress are trying to push through a hugely expensive and controversial bill that nobody — literally nobody — has read. In February, as Congressional leaders and the Obama Administration were…
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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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One of These Things Is Not Like the Others
Think of this chart (from Donald Marron, via Greg Mankiw) the next time you hear someone say that we are in the worst economic downturn since the Great Depression. Based on GDP, it appears we’re…
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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…
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Slouching Towards Europe: Obama’s Domestic Agenda Undercuts American Exceptionalism
I’ve been pleasantly surprised by President Obama’s steadfastness regarding national security issues. After winning his party’s nomination by promising to surrender in Iraq more quickly than the other Democrats would, Obama has: retained his predecessor’s…