GregNews

Sure it’s sickening that AIG officials such as AIG CEO Charles Liddy are getting bonus money, but perhaps not for the reason you’d think. First thing to note: these weren’t performance bonuses, but retention bonuses. That’s a whole different ball game, based on promises made long before anyone knew the terms TARP or bailout, and [...]

51 days in office and President Obama has already broken his promise on earmarks, under the guise of “but this time it’s an emergency.” Mind you, earmarks were all the rage while Mr. Obama was running for president. It appears the one wearing the presidential pants is Nancy Pelosi. WASHINGTON – Calling it an “imperfect” [...]

A few days ago I titled a post Obama’s War on Small Business. It just is what it is, bad economics. Here’s input from CNBC’s Larry Kudlow: He [President Obama] is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds. That is the meaning of his anti-growth tax-hike proposals, which [...]

Here’s John L. Chapman: This spending-leads-to-growth concept is a perennial failure that can actually harm an economy. Its advocates suffer from a crucial error in their understanding of economics: for in fact, consumption is an effect, and not a cause, of economic growth. Stated simply, more spending without the greater output of goods and services [...]

Talk about rewarding incompetence: Today General Motors ask for an additionally $16 billion on top of the $30 billion it received in December. Paul Ingrassia notes that this amount “doesn’t count the $8 billion it wants to develop fuel-efficient cars, and another $6 billion it’s soliciting from foreign governments.” All the while their “foreign” competitors [...]