Obama Succeeds in Destroying Property Rights

This is tragic, and frightening: Chrysler Lenders Give Into Restructuring: A scrappy group of dissident lenders that challenged President Obama’s restructuring of Chrysler LLC fell apart Friday in a development that signals a major political victory for the White House and likely paves the way for a rapid exit from bankruptcy for the beleaguered automaker. […]

American Fascism on Display

Fascism is nominal private ownership of the means of production, with government control. See if you can find it in this piece: Busting Bank of America: The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank […]

Not Enough Money for Obama

It’s nice to read decent pieces from non-Objectivists: There is Not Enough Money To Pay for Obama’s Unprecedented Spending Spree: We were in a fiscal hole when President Obama came into office and for 100 days he’s been digging it deeper and deeper.  The numbers involved are astonishing and power is being concentrated in the […]

And the (Fascist) Beat Goes On…

The Obama Administration demontrate their fascist side: Geithner to Banks: Get Federal Help, Government Decides Your Executive Line-Up: WASHINGTON — The government may require new faces in executive suites at banks requiring “exceptional assistance” in the future, Treasury Secretary Timothy Geithner said Sunday. Critics of the Obama administration’s move last weekend to force out the […]

Obama’s Mob Rule

A great piece by Alex Epstein at the Ayn Rand Institute: Mob Rule Comes to Washington: In dealing with AIG, why are people pussyfooting around? They believe that the bonus money was stolen from the public and must be retrieved by any means possible. So why not bypass the niceties and just send in some […]

Newspaper Calls Obama’s Economic Plan What It Is: Fascism

This is a remarkable editorial for its clarity: First the banks, now the automakers: Skipping right to the end: It appears the president and his men have entirely lost track of — if they ever really grasped — the fact that in America, major industries are not run by the government, and for good reason. […]

Surprise! Government Doesn’t Want Banks to Give Back TARP Money

Really, if anyone’s surprised that government doesn’t want banks to buy back their freedom by repaying TARP funds, I have some swampland I’d like to get rid of: Obama Wants to Control the Banks: I must be naive. I really thought the administration would welcome the return of bank bailout money. Some $340 million in […]

The Left’s Latest Fascist Power Play: Compensation Limits for All

For all those folks who bought into the Left’s populist call to class warfare over the AIG executive bonuses: Beyond AIG: A bill to let Big Government set your salary: It was nearly two weeks ago that the House of Representatives, acting in a near-frenzy after the disclosure of bonuses paid to executives of AIG, […]

The GOP is Screwed, and So Are We

Here’s a prime example of why the Republicans lost the election, and can’t hope to win anything back anytime soon: Nationalization: Is It the Only Answer to Save Banks?: A year ago, it would have been unthinkable: Sen. Lindsey Graham advocating a government takeover of private banks — but that is exactly what he suggested […]

Businessmen: Once Again, Public Enemy #1

Thomas Sowell puts the hammer right smack on the head: Ivan and Boris Again: Why Politicians and the Media Attack CEO Pay: It is not the general public that singles out corporate CEOs for so much attention. Politicians and the media have focused on business leaders, and the public has been led along, like sheep. […]