Video: For the White House, Consumer Choice Only Goes So Far

This week, the White House announced its plan to boost taxpayer-funded subsidies for “green” energy vehicles like the Chevy Volt, offering buyers a $10,000 tax incentive to help tickle their buying bone. On Monday, White House economic adviser Gene Sperling described the subsidy, and ironically enough, market forces seem to be his favorite part of […]

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Newt Pledges Moon Base By Second Term

Newt Gingrich took the opportunity of being on Florida’s space coast to revisit one of his favorite topics: space exploration. “By the end of my second term, we will have the first permanent base on the moon and it will be American,” Gingrich said to applause. He said the development would include commercial and private […]

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You can blame Mitt, but not for Bain

Steven Rattner, who served as counselor to the treasury secretary and lead auto adviser in the Obama administration has something to say about Mitt Romney and Bain. By: Steven Rattner I’m all in favor of piling on Mitt Romney for any number of reasons: his come-lately embrace of hard right conservatism, his periodic malapropisms (“I […]

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China Is More Concerned Than It Reveals on Japan-India Ties

The Japan India summit has concluded with both sides boosting security cooperation and Japan helping India out economically. This is what emerged from a joint statement by Prime Minister Yoshihiko Noda and his Indian counterpart Manmohan Singh. The two leaders announced said that the Maritime Self-Defense Force and the Indian Navy will conduct joint exercises […]

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Ryanair CEO Michael O’Leary Roasts the EU … at the EU

Innovation and market disruption can be powerful forces for economic growth. But government involvement in the market tends to be a force against disruption, and hence a force against innovation. The drive to protect the dominant companies – often justified in the name of job preservation — prevents success for companies that offer better, cheaper, […]

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Why Obama’s Socialism Will Fail

Socialism is the Big Lie of the twentieth century. While it promised prosperity, equality, and security, it delivered poverty, misery, and tyranny. Equality was achieved only in the sense that everyone was equal in his or her misery. In the same way that a Ponzi scheme or chain letter initially succeeds but eventually collapses, socialism […]

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