by Roger Koppl London’s The Times reports on evidence suggesting “George W. Bush 'knew Guantánamo prisoners were innocent.'” (HT: Radley Balko) Supposedly, Bush, Cheney, and Rumsfeld were all in on it. “The accusations were made by Lawrence Wilkerson, a top aide to Colin Powell, the former Republican Secretary of State, in a signed declaration to … Continue reading Time for a Truth Commission
by Roger Koppl It is better to signal goodness than to do good. That’s it. That’s the lesson. (Thanks to Steve Horwitz for the title of this post.) Democratic politics is mostly about signals not substance. The lesson is simple, but somehow hard to learn. Okay, okay, I admit that’s not really the One Great … Continue reading Politics in One Lesson
by Roger Koppl Greg Mankiw quotes a recent WSJ article: "Like many others I made the mistake of buying what I believed was 'value,'" Mr. Gwin says, adding that investors who bought at the time believed the loans were worth more than their market price. "We did not contemplate having our first liens invalidated by … Continue reading Big Players and the Rule of Law
by Roger Koppl President Obama seems to be setting himself up as the scientific President. He has a Nobel Prize winning physicist for his Secretary of Energy. Monday he reversed the ban on stem-cell research and issued an interesting memo meant, presumably, to restore scientific integrity to the Executive Branch of the federal government. Obama’s … Continue reading Science and Truthiness
by Sandy Ikeda In another about-face, the Bush administration says Congress needs to free up the second half of the $700 billion federal bailout. And now that automakers are getting a share, the floodgates are almost certain to open for other nonfinancial industries that want government help. You can read the rest of the story … Continue reading Biiiiig Surprise!!!
by Mario Rizzo Today from George Bush’s remarks announcing to use of TARP funds to bailout the auto industry -- until they ask Obama for more later next year: … [M]y administration worked with Congress on a bill to provide automakers with loans to stave off bankruptcy while they develop plans for viability. This legislation … Continue reading Hayek Explains Bush on the Auto Bailout