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: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
Yesterday, in his weekly address, President Obama called on Americans to "summon the same spirit that inhabited Independence Hall two hundred and thirty-three years ago". This is one time when I can get behind President Obama's sentiments - although he may not like my reasons for it. What...
Posted to
AIP Blog
by
Despina Karras
on 07-05-2009
Filed under: wasteful spending, cap and trade, capitalism, stimulus package, government spending, universal health care, socialized health care, public healthcare, economic crisis, government, cap and tax, government option, federal government, founding fathers
"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on 06-28-2009
Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on 05-31-2009
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business