A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.The Onion is smarter than the people in Washington and Wall Street.
"What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future," said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. "We are in a crisis, and that crisis demands an unviable short-term solution.""
Central planners recognizing the failure of their central planning, now want to raze cities and start central planning anew. Central planners always think the problem is they had the wrong plan. They never realize that central planning itself is the problem.
Cato shows that Obama will have to raise taxes on the middle class to pay for his socialized medicine plan and that his government plan would drive private insurers out of business. That's Obama's plan.
Cato explains misconceptions about executive pay and skewers government for trying to control it. In 2007 essay, Cato argues for higher executive pay to insure better management.
Sneaking into North Korea to report on it is dangerous as two American journalists discovered when they were convicted and sentenced to 12 years hard labor. And Doug Bandow can consistently be counted to advocate a policy that pretends North Korea is a major power and enables it to develop nuclear weapons to achieve major power status so it will become a existential threat to the US.
Similarities in policy of FDR, Mussolini and Hitler. Mussolini praises New Deal. The coming Obama thugocracy. Socialism by executive fiat. Obama runs roughshod over GM bondholders. Politicians run GM.
Iranian supreme leader backs Ahmadinejad victory. That's it then.
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