This week, the left-leaning Economic Policy Institute (EPI) offered its solution for jumpstarting the lagging economy -- more government spending. EPI's President, Lawrence Mishel advocated a new tax-and-spend plan to the tune of "$500 billion or more in government spending, employment tax credits...
This week, the House passed a bill that imposes further regulations on financial firms - on executive pay which is bad enough in itself, and to add insult to injury, on the way those firms and employees do business. The bill is "aimed at preventing financial firms from adopting compensation systems...
Posted to
AIP Blog
by
Despina Karras
on
08-02-2009
Filed under:
Filed under: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
Last week, when President Obama announced Chrysler’s impending bankruptcy, he lambasted “a group of investment firms and hedge funds that held out” by refusing to go along with the government’s proposal. The President could not have been clearer about his ire toward the group...