What is the morality of doing business with your avowed enemy as long as it’s profitable?
Read more ...
I rather like the analogy of unions to parasites sucking the lifeblood out of its host. Hostess’ lifeblood is sugar, so I thought the title was apt.
Just when we thought that both California and US manufacturing were dead and buried comes the news that neither perception is correct. What’s amazing is how US manufacturing is thriving given the anti-capitalist ideologue sitting in the White House doing everything he can to keep this from happening.
The entire Obamacare law rises or falls on this point: if the mandate is unconstitutional, so is the law. Wouldn’t that be sweet? Color me anxious.
What makes this story so interesting, I think, is the fact that the editorial board of the Washington Post now, all of a sudden, thinks that the ending of ethanol subsidies is a good thing.
One may question his math (as some of my more critical readers have done), but the point remains: People spending their own money are making decisions NOT to buy the Chevy Volt, but rather the Prius. Isn’t that something? People – not government – are making the best decisions for themselves when they use their own money. What a concept.
This is a lock. GM stock is going to drop further. How can it possibly go up (except intra-day, thanks to day-traders)? Bad fundamentals, poor management, onerous union rules, government interference, rising gas prices, and the government about to sell some or all of its 500 million shares. Who would buy GM? It’s a lock to decline further, hurting taxpayers and investors once again.
He’s also corrupt and lost and completely without any visible indication of integrity or character. He is, in other words, the perfect politician. No morals, no scruples, no internal discipline to stand in the way of “doing the right thing” as he sees it. Some people support him because “anybody” would be better than Obama. Wanna bet?
With the old General Motors successfully selling shares in its new General Motors at $33 per share, taxpayers will allegedly be getting back part of the $50 billion in bailout money used to rescue the company 17 months ago.
Now that the Chevy Volt, General Motors’ electric car, is about to arrive in selected dealers’ showrooms around the country, it has been getting a lot of press. Some are puff pieces, one of which appeared in USA Today, while others are much more critical.