At Crazy Barry’s Car Lot, we’re offering crazy bailout deals on Chevy Volts! H/T small dead animals
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Why are the taxpayers always on the hook when the federal government engages in crony capitalism, and tries to manipulate the free market and pick out winners and losers from among private businesses. Andrew Klavan explains the pitfalls.
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They’re barely selling SUVs, but you can bet that GM will get its engines rolling for the next government bailout.
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President Obama often touts the bailout of Chrysler and GM as a signature achievement of his administration. But at this point, the verdict is out on whether the bailout actually benefited the economy. Taxpayers remain on the hook for billions of dollars in losses, and the Fed didn’t restructure the benefits and pensions received by auto employees, so the companies remain obligated for expenses they can’t pay over the long haul. Jenn Huhn from the Center for Freedom and Prosperity Foundation explains exactly why the bailout was bad news.
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When the housing bubble burst, the Bush and Obama administrations turned to stimulus spending in an effort to create jobs. Now, the federal government has accumulated nearly $5 trillion in new debt, and the unemployment rate hasn’t improved whatsoever.
Antony Davies, an associate professor of economics at the Palumbo Donahue School of Business in Pittsburgh, Pa., isn’t surprised by that failure. In a new video for LearnLiberty, he examines the data and shows, that since 1955, there’s been no correlation between government spending and job growth.
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Lori Sanders from the American Enterprise Institute drills down into the numbers to show why President Obama’s job-creation promises have failed to materialize.
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Joe Dan Gorman revs up his engine, and comes out firing on all pistons, in a fast-moving riposte delving into the federal takeover of GM. Did you know each Chevy Volt costs about $50,000 more to produce than the sticker price? Now, that’s a surefire formula for business success and could lead to President Obama’s anointment as the next Henry Ford.
Joe Dan also examines Bill Clinton’s waggling finger of truth, the union-driven demise of Detroit and Michelle Obama’s new energy drink “Eh’ Whole” in this latest edition of the ever-provocative and always hilarious Intellectual Frog Legs.
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It has become clear that President Obama doesn’t believe in free-market capitalism. But which economic theories does he embrace? How exactly does he propose to create new jobs and get our economy functioning again? Andrew Klavan, a contributing editor with the Manhattan Institute, spells out the president’s beliefs and policies. It’s not a pretty picture, suggesting we won’t be “in the money” again anytime soon.
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How did Greece land in such a dire financial mess? What can be done to pull it back from the brink? Will a rescue be performed by the tag team of the European Union, working in concert with the International Monetary Fund?
Find out in this animated short, which portrays Greece as a young girl living happily with her sheep by the sea until an evil, devouring monster hits the beach. The short is the work of Nomint, an award-winning animation production company with offices in Athens and London. Creative direction is by Christos Lefakis and Yannis Konstantinidis from a story they co-wrote with Marilena Vatseri and Manos Gerogiannis.
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