Surprise! No warming in last 11 years « Hot Air
Monday, 31 October 2011
Sunday, 16 October 2011
Government is the biggest job killer | John Stossel | Columnists | Washington Examiner
... I guess Obama doesn't know that the Transcontinental Railroad was a Solyndra-like Big Government scandal. The railroad didn't make economic sense at the time, so the government subsidized construction and gave the companies huge quantities of the best land on the continent.
Government is the biggest job killer | John Stossel | Columnists | Washington Examiner
As we should expect, without market discipline -- profit and loss -- contractors ripped off the taxpayers. After all, if you get paid by the amount of track you lay, you'll lay more track than necessary.
Credit Mobilier, the first rail construction company, made enormous profits by overcharging for its work. To keep the subsidies flowing, it made big contributions to congressmen.
Where have we heard that recently?
The transcontinental railroad lost tons of money. The government never covered its costs, and most rail lines that used the tracks went bankrupt or continued to be subsidized by taxpayers.
The Union Pacific and Northern Pacific -- all those rail lines we learned about in history class -- milked the taxpayer and then went broke.
One line worked. The Great Northern never went bankrupt. It was the railroad that got no subsidies....
Government is the biggest job killer | John Stossel | Columnists | Washington Examiner
The Weekend Interview with Mortimer Zuckerman: The Exasperation of the Democratic Billionaire - WSJ.com
Interesting insight from a democrat business man. Also, at the end, is his positive impression of Ronald Reagan...
The Weekend Interview with Mortimer Zuckerman: The Exasperation of the Democratic Billionaire - WSJ.com
The Weekend Interview with Mortimer Zuckerman: The Exasperation of the Democratic Billionaire - WSJ.com
Thursday, 13 October 2011
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