Obama Makes Some Tough Business Decisions
SNL skit of President Obama's new industrial policy of having the government pick all of the winners and losers for companies, products, magazines, clothing, universities and even football teams.
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Monday, April 06, 2009
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- House Price Indexes: USA vs. Europe
- Nuisance Consumers With Insufferable Preferences
- A 1-Man Toxic-Asset Eater:The Banker Who Said No
- Compensation
- Why Business Failure Is A Cause For Celebration
- Economics: The "Goldilocks" College Major
- Paired Houses, But One Is Abandoned
- Wal-Mart Facts
- Government Car Warranties
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4 Comments:
All this talk about "government picking winners and losers" never quite gets through to people until you actually see how absurd it looks.
Great post!
Maybe it wouldn't be so bad if Obama put the Detroit Lions out of their misery.
Few in White House appear to drive American cars
Oops, it seems that many on President Obama’s team, including those seeking to save the American automobile industry, do not actually drive vehicles from the American automobile industry.
According to a study by the Detroit News and a White House parking lot survey by Politico.com, neither do Obama's White House staffers.
The Politico survey of cars parked next to the White House found only five U.S. brand cars out of 23 -- a Dodge, two Fords, a Jeep and a Cadillac. The News found that Treasury Secretary Timothy F. Geithner, who didn't have the money to pay more than $20,000 in back taxes until they became a confirmation problem, did acquire a 2008 Acura.
Lawrence Summers, head of the president's National Economic Council, drives a Mazda. Budget Director Peter Orszag drives a Honda and a Volvo. Economic advisor Austan Goolsbee drives a Toyota. VP Joe Biden’s economic advisor Jared Bernstein prefers a Honda.
L.A. Times
Honda, Volvo, Mazda, YES! GM, Chrysler, Ford, NO!
Leftists just love foreign cars for some reason. I suspect this part and parcel of their general self-loathing attitude towards life.
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