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Detroit Goes Bankrupt

July 19, 2013

The city of Detroit will file for bankruptcy, the largest American city to ever do so.  If this filing is approved, the city will liquidate what it needs to in order to pay off its debts, meaning that public employees (and their unions) will face a serious crunch. Detroit’s been in trouble since even before [...]

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Supreme Court Issues Stay Against Chrysler Bankruptcy

June 9, 2009

The Supreme Court issued a stay on the Chrysler bankruptcy ruling yesterday afternoon, shortly before a court of appeals imposed deadline would have made the deal final.  The Chrysler bankruptcy, engineered by the Obama administration, would have engineered a sale of Chrysler to Italian automaker Fiat, and paid off the unions at the expense of [...]

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Obama’s Auto-Czar Steven Rattner Forced Chrysler’s Hand

June 8, 2009

President Obama has repeatedly said that he does not want to be in the automobile business.  Yet a feature-length expose in the Detroit Free Press, a rare and daring indictment of the administration by a member of the main-stream media (now dubbed the state-run media by Rush Limbaugh) shows how Obama’s auto-czar Steven Rattner (one [...]

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Are Chrysler’s Dealership Closings Political Payback?

May 27, 2009

One of the arguments against big government and government interference in the economy is government’s unique position to grant political favors to political allies, or to punish one’s political enemies.  One of the many reasons Conservatives believe in limited government is to reduce the potential for corruption, political favors, and political punishment from the government. [...]

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