Ah Solyndra. Was there any part of this endeavor which wasn’t a scam?
I can tell you as one who spends a fair amount of time in Washington DC that times are good in and around the District. I’ve lived in the suburbs of the place for nearly 20 years (I can’t believe that I just wrote that) and I have never seen as many Teslas, Maseratis, Ferarris, and high end Mercedes Benzes driving down Constitution Avenue as I do now. The place isn’t littered with them, but they are pretty common. More common than in your home town it’s probably safe to say.
Ethanol is a boondoggle on many levels and it’s a particular favorite of rural, Republican leaning areas of the Midwest. They’re all for small government – to a point.
Looks like David took the summer off, but he’s still mad as hell.
Between the Fed and its asinine monetary policy, and the government and its asinine social policy, mix in a little greed unregulated by the market, and a financial crisis was just a matter of time. Incompetence, dream world thinking, and unethical business are a potent formula for economic dysfunction
Despite what we have been told our entire lives, big business often loves regulation.
President Obama and GE CEO Jeff Immelt share a tender moment.
This is nothing new. They’ve long been partners. From GM to Goldman Sachs, from GE to Monsanto, this administration has sought to “partner” with business since the beginning.
Great news. Summers should absolutely not be Fed chair. The problem is Yellen and the other candidates shouldn’t be Fed chair either.
Welcome to an America run by ninja bureaucrats.
The government wants to know everything about you.
Watch the “net interest” percentage going forward as interest rates rise. That’s going to put a cramp in our lifestyle.
The CFPB falls under the umbrella of the Federal Reserve. It is funded by the Federal Reserve, which makes the Bureau very unique. Congress can’t rein it in fund wise, because the Federal Reserve makes its own rules. The Fed in many ways is bigger than Congress, and in the CFPB the Fed has gained a powerful, self-funded tool to do what it wants in the everyday economy.
As usual, the editorial fails to say why.
You’ve been speeding Dave…
I just can’t believe that anyone would have a problem with an inanimate object issuing them a speeding ticket and extracting revenue for the county without even 1 human knowing what had occurred. Some people will just never get used to Big Brother. Trouble makers.
QE has soothed the animal spirits and the beasts on the Street have come to believe that they need it to survive. (At least the bulls feel this way.) It is both sedative and stimulant, and it is highly addictive. Dr. Feelgood aka Ben Bernanke has kept the supply ready but people are worried that the free money days might be coming to a close. Every time the Street thinks their laudanum is about to be taken away it throws a fit.