President Lame-Duck did it; he gave the United Auto Workers a $17.4 billion bailout, going to GM and Chrysler. Ford, on the other hand, will not take the loans. So now that President Bush has again sacrificed free-market principles, I will exercise my choice as an actor in the free market: I will never again buy a GM or Chrysler vehicle.
The CEO who turned Continental Airlines around from near liquidation wants to know why automakers are "exempt from reality." So do a lot of people. I'll explain it all today.
The money for the UAW bailout is (illegally) coming from the TARP money, which Henry Paulson now says he needs the rest of. Meanwhile, Fox Business Network is suing Paulson to get access to the records of who is receiving TARP money.
The New York Times managed to find something else on which to blame the housing bubble: exempting home sales from capital gains taxes.
Barack Obama's choice to run the Education Department has proven what happens in a monopoly without competition: "An inferior product at high cost."
The United States deported 46% more Mexicans and Central Americans in the 2008 fiscal year compared with FY 2007.
NASA has another new "global warming" scare out today. Now global warming is going to increase severe storms and rainfall. These attempts to scare us really are getting tiring. At least one meteorologist with CNN gets it. Chad Myers used the word "arrogant" to describe the notion that humans can cause global warming.
Here's another "the economy sucks" sob story: people are participating in pharmaceutical trials to make money now. They would probably be better off if they were allowed to sell a kidney or something.
Joseph Cao, who beat corrupt Democrat William Jefferson in his re-election bid for Congress from New Orleans, wants to join the Congressional Black Caucus. It would make sense, since a majority of his constituents are black, but don't count on it since Cao himself is of Vietnamese descent, not black.
Today is the 10th Anniversary of the impeachment of Bill Clinton.
It turns out it's not just politicians that Illinois Governor Rod Blagojevich can shake down. How about children's hospitals?
Yesterday I told you about Congress taking a pay raise this year. Well it turns out that they really don't deserve it, considering that they have an approval rating of 9%.
Apparently Santa's reindeer are actually females.
2 comments:
Humans are arrogant. We can't kill the environment nor the planet. What we can do is do the planet a favor and kill ourselves off of it. A nice big nuclear war should do the trick. Aside from that, you are absolutely right about global warming... Its the sun stupid! We really are a pretty insignificant part on a planetary scale and mother nature shows us again and again that we are its little bitch. Or, to put it in a radio friendly quote from BOC "History shows again and again how nature points out the folly of man. Just look at Katrina, California wild fires, Mt St Helens.
Hi Jeff...I tune in to your show most weekdays and find it very interesting for the most part, although you do become a wee bit redundant at times. Perhaps it is to drive a point home like hitting a nail several times. But aside from that I enjoy it. I am not sure if anyone has addressed the issue of space exploration and all the billions of dollars floating away and in some cases literally going up in smoke. Many advocates of NASA point out that the space program has done good things in the way of inventions etc. that help humankind have more comfortable lives. Wow, what would I do without my Tang every morning? On a more serious note...our Galaxy is but a tiny drop of water in a vast cosmic ocean. Thus far it seems that the 8 other planets are uninhabitable. Okay, we got a few rocks from the moon and fossils of microscopic life inbedded in rocks from Mars but if life ever existed there in whatever form or fashion what good does it do us mere Earthlings? In order to leave our Galaxy and possibly find intelligent life existing on some remote planet light years away we would have to achieve the speed of light. I guess my point is: Scrap the space program.
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