HOW DETROIT'S AUTOMAKERS WENT FROM KINGS OF THE ROAD TO ROADKILL
HOW DOES A JUGGERNAUT LIKE THIS BECOME THE BASKET CASE THAT WE SEE BEFORE US TODAY? THE FACT IS THAT THE DETROIT THREE'S POST-WWII BUSINESS STRATEGIES WERE DOOMED FROM THE DAY IN '92 WHEN THE FIRST HONDA ACCORD ROLLED OFF A NONUNION ASSEMBLY LINE IN OHIO. |
THE DUBIOUS ECONOMICS OF THE OBAMA PLAN
ALTHOUGH THE LEGISLATION IS REFERRED TO AS AN ECONOMIC STIMULUS PLAN, THE CBO EXPECTS MORE OF THE MONEY TO BE SPENT IN 2011 AND 2012 THAN IN 2009. DESPITE PROTESTATIONS, THESE ARE NOT THE ACTIONS OF AN ADMINISTRATION FRIENDLY TO PRIVATE ENTERPRISE. |
THE MISGUIDED CALL FOR INTERVENTION
THERE ARE SEVERAL REASONS TO BELIEVE THE BAILOUT WILL BE INEFFECTIVE--MOST IMPORTANTLY BECAUSE IT IS BEING IMPLEMENTED BADLY. THE STIMULUS PLAN COBBLED TOGETHER BY THE OBAMA ADMINISTRATION AND CONGRESS WILL WORSEN THE NATION'S LONG-TERM FINANCIAL OUTLOOK. |
ZING, ZANG, ZOOM
ELEPHANTS VANISH INTO THIN AIR AND TIGERS DISAPPEAR RIGHT BEFORE YOUR EYES IN THIS YEAR'S "ILLUSIONARY" EDITION OF THE GREATEST SHOW ON EARTH. |
