Whatever political position you hold on the TARP of George W. Bush or the bailout of General Motors carried out under Barack Obama, the fact is, a great deal of money, not wealth, was pushed into the economy. ‘Inflation‘ is the result of putting in more money into an economy than the economy is worth: […]
#ENVIRO: Effects of BP Oil Spill Won’t Be Clear For 10 Years
While many of us were reminded this weekend that winter is not over, we also got some stark reminders that the effects of the oil spill in the Gulf of Mexico are not over either. Unfortunately, the debates about the effects of the spill, which began in April 2010 and was not capped until September, […]
TARP: Unpopularity Of Program Belies Its Success
In the interests of full disclosure and blogospheric transparency, I should admit I was against the TARP program when proposed by the flailing George W. Bush administration in 2008. It seemed a rush job and a chance for the administration’s friends to get painlessly out of an operation they had botched themselves with absurdly risky […]
Saving Money, Reducing CO2, and Getting Profitable IS That Easy
The Ford Motor Company did not require the same sorts of bailouts that the General Motors conglomerate did last year. Its family-run structure likely kept its owners, managers, and designers on their toes because they had their own ‘skins-in-the-game.’ Now TreeHugger.com posts a story about how the company went ahead and saved another cool $1.2 […]