President-elect Barack Obama is staying out of the congressional fight over bailing out the U.S. auto industry, despite his previous statements urging help for Detroit’s struggling Big Three, a leading Senate Democrat said Wednesday.
“I can tell you flat out there will be no endorsement [by Mr. Obama] prior to January 20,” said Senate Banking Committee Chariman Christopher J. Dodd of Connecticut a day after his committee heard a combined appeal for billions of dollars in taxpayer help from the heads of General Motors Corp., Ford Motor Co, and Chrysler LLC.
Leading Democrats want to tap the recently approved $700 billion Wall Street bailout fund for a $25 billion “bridge loan” to help the beleaguered carmakers. But Republicans and even some Democrats have expressed opposition to the idea, and say the car companies should use a $25 billion Department of Energy loan program that Congress has already approved.
I will just make a prediction and try to keep out of the swamp of Trump-obsession as the weeks unfold. The anti-Trump movement is now in inexorable decline; it is a little like the Nixon defense forces after the Saturday Night drama in October 1973, with the departure of the attorney general, his deputy, and ... Read More
The Ninth Circuit Court of Appeals has ruled, following an earlier case, that animals can have standing under the Constitution (Article III) to bring lawsuits. (Article III "standing" requires that the party bringing suit have suffered an actual injury.) Some readers may remember the ridiculous PETA suit for ... Read More
Media coverage of yesterday’s monstrous van attack in Toronto, which as of this writing is responsible for ten deaths and more than a dozen other casualties, was punctuated by political press conferences of the sort that are now an inescapable part of the dark theater of public tragedies. At his first ... Read More
The world has been stunned by North Korean dictator Kim Jong Un’s announcement last week that he was suspending his country’s nuclear tests in preparation for the impending meeting with President Trump. Even critics have had to concede that Trump’s bellicose rhetoric since last summer regarding the North ... Read More
Contrary to the claims of his critics and supporters alike, there is at least one area in which Donald Trump’s views have been consistent over the decades: political economy. There are a few lodestars to his worldview here, most prominently the power of ego, the idea that economic activity cannot be win-win, ... Read More
In my last column -- "The Times Best-Seller List: Another Reason Americans Don't Trust the Media" -- I used my recently published book as evidence that the New York Times best-seller list is not a best-seller list. I pointed out that The Rational Bible: Exodus, the first volume of my commentary on the first ... Read More
Updated 6:36pm A white van killed nine and injured 16 when its driver jumped a Toronto sidewalk and plowed through crowds for about a mile on Monday afternoon. The driver was taken into custody after getting out of his vehicle and pointing what appeared to be a gun at police in an intense ... Read More
I was distracted by other policy topics last week but not enough not to notice Peter Navarro’s article in the Wall Street Journal, headlined “China’s Faux Comparative Advantage.” Considering Navarro’s position in the White House, it is unfortunate that it demonstrates some serious misunderstandings ... Read More
The percentage of voters who believe that President Trump should receive a second term is nearly identical to the percentage of voters who thought the same about former presidents Obama and Clinton at the same time in their presidencies, according to Gallup. 37 percent of registered voters believe Trump should ... Read More
Mr. President, I feel your pain. No one likes being under the cloud of an investigation, especially a high-profile one — and the one you are caught up in is as big as it gets. Your enemies treat the fact of the investigation itself as proof of your guilt, and the “fake news” media treats every twist, turn, ... Read More