Economy
It’s the unions, stupid
Friday, August 1st, 2008News is rippling through economic circles today that General Motors lost $15.5 billion in 2nd Qtr 2008. While losses were expected, perhaps no one expected such heavy losses.
GM said that $9.1 billion of the losses were from one-time charges and writedowns . . . still leaving them more than $6 billion in the red.
To put [...]
Speculation theory ain’t fickle
Wednesday, July 16th, 2008Apart from the new liberal (and OPEC) mantra that it is speculators — not supply & demand or other factors — that are responsible for driving up the cost of oil, there is a much more right-minded faction who believe that if the U.S. were to announce an aggressive energy policy, that alone could drive [...]
McCain promises balanced budget (more or less)
Monday, July 7th, 2008John McCain today more or less promised to balance the budget during his first term in office, if elected president.
In a speech in Colorado, McCain said, “American workers and families pay their bills and balance their budgets, and I will demand the same of the government.” His campaign was a little more specific, releasing [...]