Obama’s invitation of Rick Warren to deliver the invocation at the Presidential Inauguration is really a good idea for him and the rest of the country. Obama made a lot of claims during his campaign about how he intended to change the way business was done in Washington. He promised to toss partisanship out the door and usher in a new era of cooperation between the two major parties. I, like everyone else, thought this was mostly a load of crap. However, I am willing to point out when the man does something correct. I may not agree with his politics but so far we have seen Obama explain that he won’t be withdrawing troops nearly as quickly as he promised during the election and now this.
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Over the past few weeks we’ve shared plenty of opinions on the big three, bailouts, foreign carmakers, and bankruptcies, but today I thought I’d share some opinions from some of our friends around the blogosphere.
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The Bush administration is finally considering bankruptcy as an option for the automakers. I have previously written about the Big Three and the bailouts so you’ll have a pretty good idea how I feel about the issue if you read those articles. A loan to these companies would just push their eventual bankruptcy further down the road.
Many people have said that sending the automakers through a bankruptcy would be a horrible thing for the economy. 3 million people would lose their jobs, or so they say. That number is calculated based on all 3 companies completely stopping manufacturing for the whole year, which simply isn’t the case. A bankruptcy that was organized by the federal government is a much better solution than just giving them 15 billion. With the huge amounts of debt they currently have along with the terrible contracts they agreed to with the UAW, these companies aren’t going to suddenly turn profitable because of a small loan.
Bankruptcy is the best option for these companies simply because it will give them a real chance to turn things around. I realize that people will be hurt by this. More people will be hurt in the long run if we simply prolong it. Let them fail. Then we can help them pick up the pieces.
It is that time of year. Here are 10 popular books you can check out for yourself or the reader on your Christmas list. I’ve included links to the books on Amazon and a few notes. They are listed in no particular order.
Great book on getting out of debt. Read the earlier review I did on Dave Ramsey’s 7 steps to get out of debt.
“He ruthlessly exposes logical flaws and sheer nonsense. . . in likably angry and witty style.” — The Guardian
Alexis de Tocqueville’s foresight is impressive.
This is my favorite book from Jim Cramer.
One of the most popular investing books ever by the great Peter Lynch.
Know your opponent.
Information to use against said opponent.
Good daily read.
Very interesting read.
The classic by Thomas Paine.
For other ideas check out our list of great conservative books.
Caroline Kennedy in New York. Blagojevich in Illinois. Why can’t the people that represent us be chosen by something that matters, like maybe being qualified? Instead we use last names, politics, and money. Kennedy has no qualifications other than her last name. Blagojevich is corrupt scum from Illinois. Hey, I have an idea, why don’t we have an election to choose new representatives when needed?
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56% of violent felons are repeat offenders and 61% of all felons are repeat offenders, partially because we’ve given them no choice. Many criminals will find themselves out of prison, their time served, free men, and unable to find a job. Most companies will refuse to hire someone with a felony on their police record; this is especially true for violent felons. Left with no employment options, it is easy to imagine that these felons will return to crime. So what can we do about it?
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I generally have a strong dislike for the slanted news coming out of the Huffington Post. However, this recent article detailing, with video, John McCain’s response to questions on whether or not the Republican National Committee (RNC) was in the right to try and use the Blagojevich issue to drag Obama down was very reassuring. It’s as if now that McCain isn’t running for president he is back in the saddle and ready to get real work done in the mostly non-partisan way he always has. It’s a shame how different he was while on the campaign trail. Welcome back John. Read the article, with video, here.
