Saturday, February 07, 2009
Tuesday, February 03, 2009
George Will unearths this gem:
...Rep. John Campbell, who owned a slew of automobile dealerships before coming to Congress from Southern California, has been told by a senior executive of Toyota's American operations that if Toyota were not making substantial profits from its SUVs and pickups, it could not continue making the Prius, which it sells at a loss. The federal government, which is in a position to dictate to mendicants, wants Detroit to make more cars like the Prius and fewer profitable vehicles. This is a novel business model...
Monday, February 02, 2009
The House of Representatives passed their version of the "Stimulus" Bill, a $819B smorgasbord of spending. Originally peddled as primarily an "investment in infrastructure", the bill has - of course - been overwhelmed with a huge amount of irrelevant spending. Some may argue it's all necessary; if so, let the Congers vote on the proposals individually so that they can each be examined for their merits. To us it appears that most of the spending is, as Robert Samuelson argues, not "stimulative".