These bailouts are an awful idea -- the worst of K St. capitalism (== kapitalism) inviting an insanely bad future for the industries affected. If there's one thing worse than Detroit managed by the managers who have been driving the American auto industry into the ground for the past three decades, it is Detroit managed by politicians.
People speak about this as if not bailing out Detroit means automobile production in America ends. That's not what failing to bailout Detroit means. Not intervening now would be these automakers would enter bankruptcy. And bankruptcy means the assets of these dinosaurs get reorganized: Someone else buys these companies, at a price the market sets, and runs them profitably, because of the price the market set.
This brainfart from the Republican speaker of the house dates to 2013, not the aftermath of his failure to pass 2017’s universally-loathed Obamacare replacement plan. Snopes: WHAT’S TRUE House Speaker Ryan said he would not give up on destroying the United States’ health care system. WHAT’S FALSE The statement was a gaffe that was taken […]
Trumpcare went down in flames yesterday, and the flames smelled faintly of burning Trumphair. But the president’s personal humiliation was shared with adviser Steve Bannon, according to reports, whose behavior around conservative Republicans made a joke of Trump’s ultimatum. Mike Allen quotes him thus: “Guys, look. This is not a discussion. This is not a […]
Republicans withdrew Trump’s favored legislative plan to replace Obamacare on Friday, understanding that they lacked the votes to pass it in the House of Representatives. This despite the president’s threat to leave Obamacare as law of the land if they did not give the American Health Care Act an up-or-down hearing today. The GOP bill—a […]
You know the drill. You go to the dentist and they ask you how often you floss. You lie through your teeth and say, “every day!” (Bonus points if you have some cilantro or chives stuck in your gums from lunch). You don’t want to keep up the charade any longer, but rubbing that tiny strand […]
The Raspberry Pi Foundation has done outstanding work packing a fully capable desktop computer into a package the size of a deck cards—especially one that only costs $35. But if you already have a working laptop, why should you care? Oh, how much you have to learn. Besides operating well as a compact digital media hub, […]
Custom coffee vessels are the perfect piece of office flair, but it’s just a matter of time before your VOTE FOR PEDRO mug will start to lose its relevant wit. Why not have a new one every day, with whatever silly nonsense you want sticking off the sides? You can save big on your novelty […]