General Motors CEO Ed Whitacre boasted in The Wall Street Journel last week that his company paid back its government bailout “in full, with interest, years ahead of schedule.” GM has subsequently began running advertisements promoting its financial responsibility while proponents of the bailouts are yelling, “I told you so!” But, writing for Forbes, Shikha […]
A series of Goldman Sachs executives, chairman and CEO Lloyd Blankfein included, were called to Washington this Tuesday to testify before the United States Senate. The firm is front and center in the Democrats’ quest for Wall Street reform, such as preventing banks from becoming “too big to fail” lest taxpayers once again be called […]
Since Senate Republicans announced their intention to filibuster a financial reform bill, their party has come under attack from the left for supposedly being in the pocket of big banks. Even the president suggested this weekend that the GOP is taking its cues from Wall Street. The Democrats may have difficulty understanding that some lawmakers […]
President Barack Obama was unusually defiant in his weekly televised address this Saturday, attacking special interests and “their allies in Washington” for resisting financial reform. The recession, according to the president, was caused by the financial industry. Indeed, it could have been avoided “if Wall Street firms were more accountable, if financial dealings were more […]
With capitalism under persecution and “Wall Street greed” continually blamed for plunging the world economy into financial crisis, many bankers rather keep a low profile these days in order to avoid the crowds and pitchforks. Jamie Dimon, CEO and chairman of JPMorgan Chase & Co., however, is no stranger to the political arena and several […]
Surprise, surprise, health-care reform is going to cost corporate America dearly. The Wall Street Journal reports that telephone giant AT&T is among the first businesses to announce multimillion dollar writedowns solely due to the health bill. “The corporate damage rolls in, and Democrats are shocked!” writes the paper. To make health-care reform appear financially responsible, […]
The treasury secretary misdiagnoses the financial crisis and offers the wrong solutions.
Writing for The Huffington Post about the American health insurance industry, Bill Moyers and Michael Winship wonder, “Why is too much not enough?” Living in these United States, there comes a point at which you throw your hands up in exasperation and despair and ask a fundamental question or two: how much excess profit does […]
Nuclear power need not be feared like the red death!
Speaking at Arcadia University in Glenside, Pennsylvania on Monday, President Barack Obama launched a fierce attack on health insurers who, he said, “continue to ration care on the basis of who’s sick and who’s healthy.” The remark comes amid a renewed wave of renunciations of insurance companies as the administration attempts to push its health-care […]
America is set to commit yet another sin against capitalism as Google may be punished for being too good a search engine.
It is not the government’s role to determine how much money people can make.
The world’s largest automaker recalls millions of vehicles and proves that corporate responsibility needs no bureaucrats or anti-business statues.
Health reform has not even been enacted yet the Democratic leader is already contemplating the next step.
That’s right. As much as this (and the last) American administration has nationalized entire industries and promotes the overregulation of others to such a degree that the 2010 Index of Economic Freedom warns of “concerns about expropriation and violation of the contractual rights of shareholders and bondholders,” President Barack Obama seeks privatization in perhaps rather […]
