Archive for June, 2009

Obama’s new GM head: “I don’t know anything about cars.”

Thursday, June 11th, 2009

Edward E. Whitacre, Barack Obama’s appointee to run General Motors, admitted to Bloomberg News Wednesday “I don’t know anything about cars.”  Upon taking over GM in March, Obama forced out then-CEO Rick Wagoner, credited by many for stabilizing losses and cutting costs but criticized by political and environmentalist groups for cutting back on the production of poor-selling hybrids to stem financial losses.

That isn’t doing much to instill confidence among some investors and analysts.  CBS News reports telecom industry analyst Victor Schnee called Whitacre’s appointment “bizarre.”

Full post by Donny Ferguson @ http://www.lp.org/blogs/donny-ferguson/obamas-new-gm-head-i-dont-know-anything-about-cars

Ten Thousand Commandments:Government Regulation in 2009

Wednesday, June 10th, 2009

As the federal government spends trillions of dollars of your taxes every year, The Competitive Enterprise Institute looks at the other cost of government – the hidden tax of government regulation.

CEI has just released Ten Thousand Commandments 2009 - go to  http://cei.org/issue-analysis/2009/05/28/ten-thousand-commandments

Will Obama Raise Middle-Class Taxes to Fund Health Care?

Wednesday, June 10th, 2009

Michael Tanner and Chris Edwards of The Cato Institute look at various proposals being discussed to raise money for government funded medical care @ http://www.cato.org/pubs/tbb/tbb_0609-57.pdf 

Reform Must Empower the Consumers

Monday, June 8th, 2009

“As Congress moves forward with proposals for reforming the U.S. health care system, it is possible to draw some important lessons from the experience of other countries.”

“First, universal health insurance does not mean universal access to health care. In practice, many countries promise universal coverage but ration care or have extremely long waiting lists for treatment.”

“For example, at any given time, 750,000 Britons are waiting for admission to National Health Service hospitals, and shortages force the NHS to cancel as many as 50,000 operations each year. In Canada, more than 800,000 patients are on waiting lists for medical procedures.”

Michael Tanner of The Cato Institute outlines real reform needed for medical care @ http://www.cato.org/pub_display.php?pub_id=10277

American reporters get “very severe” 12-year sentences designed to scare all foreign journalists

Monday, June 8th, 2009

Reporters Without Borders is appalled by the sentences of 12 years of “reform through labour” which a North Korean court passed today on American journalists Laura Ling and Euna Lee after convicting them in a sham trial of an unspecified “grave crime” and illegally entering the country.

“These 12-year sentences are a terrible shock for all those who have repeatedly insisted on their innocence,” Reporters Without Borders said. “The sentences are much more severe than anything we had imagined. The authorities in Pyongyang must urgently reverse this decision and allow Ling and Lee to rejoin their families.”

Complete statement from Reporters Without Borders @ http://www.rsf.org/American-reporters-get-very-severe.html

Cato VP Comment on Tienanmen Anniversary

Friday, June 5th, 2009

James Dorn, Vice-President of Cato Institute, issued this statement on the 20th Anniversary of the Tienanmen Protest:

“After 20 years China has made substantial economic progress, but the ghosts of Tiananmen are restless and will continue to be so until the Goddess of Liberty is restored.”

“The Chinese Communist Party’s “Human Rights Action Plan” (2009-10) addresses several human rights abuses, but it fails to establish a well-defined boundary between the individual and the state that protects rights to life, liberty, and property. Until China limits the power of the CCP and allows people to exercise their natural rights, there will be corruption, and the goal of “social harmony” will be elusive. The lesson of Tiananmen is that the principle of nonintervention (wu wei) is superior to the heavy hand of the state as a way to bring about true harmony. “ 

Source: http://www.cato-at-liberty.org/2009/06/04/tiananmen-square-20-years-later/

Prisoners in Camp Kim

Tuesday, June 2nd, 2009

 

“PYONGYANG—Here is the locked ward of the political asylum, the place where politics has actually become an official state religion, and power is worshipped, directly and literally, in the form of a colossal bronze idol to which the people come and bow with every sign of reverence. Nothing in the modern world compares with North Korea, though it gives us some clue about how life must have been under the pharaohs, in Imperial Japan before Hiroshima, or in the obliterated years—conveniently erased from memory by blushing fellow travelers—when Josef Stalin was revered as a human god.”

“Pyongyang is the most carefully planned and also the most mysterious city on the planet. You cannot, unless you escape from the warders who accompany foreigners everywhere in North Korea, walk inquisitively along its surprisingly green and spacious streets.”

Peter Hitchens reports from North Korea’s socialist Hell @ http://www.amconmag.com/article/2007/nov/19/00010/

Socialism, US-Style

Tuesday, June 2nd, 2009

“Near the end of his term in office US president George W. Bush said: “I’m abandoning free-market principles to save the free-market system.” But he had already significantly increased the size and scope of the federal government. His last act was to bail out General Motors and Chrysler. That trend is continuing in spades under President Barack Obama and the democratic majority in Congress.”

“Federal spending in fiscal 2009 will approach 28 per cent of gross domestic product, and the US budget deficit is expected to be nearly US$2 trillion, or about 13 per cent of GDP. During the next decade, the US government will issue nearly US$10 trillion of new debt to cover its planned spending programmes over and above expected tax revenues.”

Full commentary by James A. Dorn of The Cato Institute @ http://www.cato.org/pub_display.php?pub_id=10264

Choices or Echoes?

Monday, June 1st, 2009

“After spending eight years implementing spendthrift domestic policies and destabilizing foreign policies, the Republican Party finds itself on the outside looking in. GOP leaders are seeking to refashion their domestic agenda. But they have yet to acknowledge the need for an international overhaul as well.”

“Defeat is hard. In the last two elections Republicans have lost the presidency, control of the House and even a filibuster-capable minority in the Senate. It is an electoral catastrophe greater than the 1994 Democratic congressional defeat. One has to go back before Ronald Reagan’s election to find the GOP in such dire shape.”

“A number of Republican notables recently began a “listening tour.” At least they seem to recognize the need to transform their fiscal and domestic policies. On foreign policy Republicans appear to be stuck on stupid, as the saying goes.”

Doug Bandow looks at Republicans trying to reinvent themselves @ http://www.cato.org/pub_display.php?pub_id=10263