Government Against Blacks
Posted in Main Blog (All Posts) on June 2nd, 2011 4:31 am by HL
Government Against Blacks
John Stossel, FOX Business
The other day, I went to Times Square to ask people what government should do to help poor people. Most everyone agreed on the answer: “more social programs and a higher minimum wage.”It's intuitive to think that way. I used to think that, too. When President Johnson declared a “war on poverty,” he said “compassionate government” was the road to prosperity for poor people. That made sense to me. At Princeton, I was taught that government's central planners had the solution to poverty.But then I watched them work. Government spent trillions of dollars on…
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The Auto Rescue Was Right Choice
Timothy Geithner, Washington Post
On June 1, 2009, General Motors filed for bankruptcy, backed by $30 billion in support from the federal government. The same day, in the same New York courthouse, a judge approved Chrysler's plan to forge an alliance with Fiat and emerge from bankruptcy as a restructured business with an uncertain future.Two years later, all three American automakers have returned to profitability, the industry has added new shifts and 115,000 jobs, and GM and Chrysler have returned more than 50 percent of the government's investment. The industry is mounting one of the most improbable …
