Two bills introduced in Congress this week are apparently meant to save automobile dealers from hardship in the auto industry. H.R. 2743 and H.R. 2750 both say they would “restore the economic rights” of automobile dealers. What’s an “economic right”? Unclear. But here’s the key line from H.R. 2743 (and there’s similar language in H.R. [...]
According to the Washington Post: An eleventh-hour effort to salvage a proposed $14 billion rescue plan for the auto industry collapsed late last night as Republicans and Democrats failed to agree on the timing of deep wage cuts for union workers, killing the legislative plan and threatening America’s carmakers with bankruptcy. Bankruptcy does not destroy [...]
The Internets are seeing much ado today about some remarks Democratic presidential candidate Barack Obama made early this year on coal and greenhouse gasses. A snippet is in the video at right. (Ignore the red captions and exclamation marks – if you can!!!!) Senator Obama describes a carbon cap-and-trade system pretty accurately. He concludes with [...]