Tag Archive | "nationalization"

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America’s Worst Idea?

America’s Worst Idea?

I’m very sorry to see that Ken Burns’ new film series is to be entitled The National Parks: America’s Best Idea. As I detail extensively in my book The Really Inconvenient Truths, the nationalization of so much wonderful scenery has led to appalling mismanagement and environmental degradation.  When the Parks Service and Forest Service spent hours in 1988 debating whether or not a fire counted as “natural” because it started from a lighning bolt striking a telegraph pole, large areas…

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Posted in Culture, Environment, Private Conservation, ZeitgeistComments (2)

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Obama Panders to the UAW: $30 Billion More for Wasteful Auto Bailout

The federal government is giving another $30 billion in taxpayer money to General Motors to allow it to operate without having to cut excessive union wages. The Obama Administration is “gambling” on its ability to turn around the company under government control.

The Obama Administration has said it will now interfere not just with the “selection of the company’s board of directors,” but also in “fundamental corporate decisions,” and “major corporate events and transactions.” For example, Obama recently pressured GM to keep its headquarters…

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Posted in Bailout Watch, Economy, Employment, Energy, Global Warming, International, Politics as Usual, Stimulus to Nowhere, TradeComments (0)

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LibertyWeek 42: Hugo Chávez, Robber Baron

LibertyWeek 42: Hugo Chávez, Robber Baron

Richard Morrison and Cord Blomquist bring back special guest co-host Jeremy Lott to create the work of art known as Episode 42. We start with the continuing buzz over the Supreme Court’s next member, President Obama’s trillion dollar healthcare plan, and an update on how Hugo Chávez is turning Venezuela’s petroleum reserves into his personal piggybank. We add good news from East Texas for beer drinkers, bad news from Europe for technophiles and sad news from Philly for basketball fans.

Listen to the episode HERE.

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Posted in CEI Projects, PodcastComments (1)

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Chrysler bankruptcy an opportunity to reject Obama nationalization

Chrysler bankruptcy an opportunity to reject Obama nationalization

In the next 48 hours, Chrysler is expected to file for bankruptcy because, according to press reports, a significant minority of its creditors object to the Obama administration’s planned takeover in which the government and unions would own a majority stake. The Obama administration hopes to persuade the court to ratify and rubber-stamp its plan.  But the bankruptcy courts should exercise independent judgment instead, as they do in any typical bankruptcy case.

The expected Chapter 11 bankruptcy filing of Chrysler LLC is…

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Posted in Bailout Watch, Culture, Features, Politics as UsualComments (2)

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Nationalizing the cars and bikes of rock collectors — Pending Omnibus land bill’s forfeiture provision has broad reach

At the same time there has been so much talk of government nationalization of troubled big banks, a bill quickly snaking through Congress would allow the feds to expropriate cars, bicycles and other “vehicles and equipment” of everyone from amateur collectors of rocks to kids going on scavenger hunts.

In the Omnibus Public Land Management Act of 2009, which passed the Senate (S. 22) in January and is up for a vote in the House as early as this Wednesday, a…

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Posted in Bailout Watch, Nanny State, Odds & Ends, Personal Liberty, Politics as UsualComments (12)

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More on the Carmakers Recovery Assistance Program

Jeremy Clarkson on the fall of the British Auto Industry:

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Posted in Bailout Watch, EconomyComments (0)

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Bailout fails — Move on to Mark-to-Market Reform

Oh, Happy Day! And it certainly is for all those who value freedom, responsibility and the true free market in which individuals are free to profit from their risks on the condition that they don’t stick the rest of us with their losses.

It’s not hyperbole to say the Republican and Democratic backbenchers who defied both parties’ leadership to defeat this $700 billion package of Wall Street socialism literally saved America. Whatever their reasons, this defeat (or rather victory for freedom),…

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Posted in Bailout Watch, EconomyComments (14)

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