Bet you couldn’t have seen this coming. Chrysler wants another three trillion of your dollars, because the first four trlllion just weren’t enough. I mean, what a surprise. Quoth P.J. O’Rourke: Bringing the government in to run Wall Street is… Continue Reading
What with all the governmental intervention in big finance, big auto manufacturing, big insurance, and big real estate, there are no doubt a lot of important industries that have been left behind. No one is offering to bail out big… Continue Reading
I don’t think a lot of people are going to look back on 2008 and say, “Yeah. 2008 — now, that was a good year.” Welcome to 2009. Hopefully it won’t get any worse.
Just a quick note for today — has anyone been watching the currency markets? Not very long ago, a dollar bought you .795 Euro. Today, it buys you .705 Euro. This has been more or less replicated across the globe.… Continue Reading
Via Trade Diversion, we can see that the twelve days of Christmas, which will be upon us in less than a week, are going to cost more this year than they really should, thanks to protectionist trade practices on the… Continue Reading
It’s official: $17.4 billion of TARP money will be “loaned” to General Motors and Chrysler over the next three months, with the hope that these troubled corporations will restructure their debts and pull Nosferatu off their necks negotiate new deals… Continue Reading
In a previous post, I referenced a particular auction on questionably-legal but unquestionably-clever auction site Swoopo.com. The particular auction was for $1,000 cash. Well, it’s still running. Here’s what the auction looks like now:This is absolutely astonishing to me. The… Continue Reading
From the Freakonomics blog at the Gray Lady, I learned about Swoopo.com. This is evil. Click on the link and see what the opening page looks like. It appears that things are for auction for ridiculously cheap prices. There’s two… Continue Reading
Mark Sanford is really becoming my hero. He’s turning into the leader of the anti-bailout, pro-fiscal responsibility and libertarian wing of the party, the one where I think the future lies and from which good policy will eventually emerge. Here’s… Continue Reading
Apparently, Treasury Secretary Henry Paulson didn’t get the memo: the people, particularly Republicans, are opposed to bailing out the auto industry. So since Republicans in the Senate did not cooperate with the Democrat-approved, Presidentially-sanctioned, bipartisan boondoggle bailout of the failed… Continue Reading